Net Worth Calculator
Calculate your total assets minus liabilities
Your net worth is one of the most important measures of your financial health. It represents the difference between what you own (assets) and what you owe (liabilities). Track your progress, compare to others your age, and project future growth.
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All calculations are open source and verifiable on GitHub. We welcome contributions.
Your Net Worth
Financial Health: GoodScore: 67.25/100
$222,500
Total Assets
$518K
Total Liabilities
$296K
Liquid Assets
$40K
Target (Age × Income ÷ 10)
$350K
Your Assets$518,000
Checking Account
Cash & Savings
Savings Account
Cash & Savings
401(k)
Retirement Accounts
Roth IRA
Retirement Accounts
Brokerage Account
Investments
Primary Residence
Real Estate
Car
Vehicles
Add Asset
Your Liabilities$295,500
Mortgage
Mortgage
Auto Loan
Auto Loans
Credit Card
Credit Cards
Add Liability
Your Information
Financial Health
Good
Age Comparison
Ages 35-44
Median
$136K
75th %ile
$350K
Recommendations
- Consider strategies to reduce debt relative to your assets.
- Build up emergency savings to improve financial flexibility.
- Prioritize paying off credit card debt due to high interest rates.
- Your debt relative to income is high. Focus on debt reduction.
What is Net Worth and Why Does It Matter?
Net worth is the total value of your assets minus your liabilities. It's a snapshot of your financial health at a given point in time. Unlike income, which shows how much money flows in, net worth shows how much wealth you've accumulated.
Tracking your net worth over time helps you understand whether you're making progress toward your financial goals. A growing net worth typically indicates you're building wealth, while a declining net worth may signal the need to adjust your spending or saving habits.
The Net Worth Formula
Net Worth = Total Assets − Total Liabilities
Assets (What You Own)
- • Cash and savings accounts
- • Investment accounts (brokerage)
- • Retirement accounts (401k, IRA)
- • Real estate (market value)
- • Vehicles and valuables
Liabilities (What You Owe)
- • Mortgage balance
- • Auto loans
- • Student loans
- • Credit card balances
- • Personal loans
The Millionaire Next Door Formula
From the book "The Millionaire Next Door" by Thomas Stanley, a simple benchmark for target net worth:
Target Net Worth = (Age × Annual Income) ÷ 10
Age 30, $80K income
$240,000
Age 40, $100K income
$400,000
Age 50, $120K income
$600,000
Average Net Worth by Age (Federal Reserve Data)
| Age Range | 25th %ile | Median | 75th %ile | 90th %ile |
|---|---|---|---|---|
| Under 25 | $1,000 | $10,400 | $35,000 | $75,000 |
| 25-34 | $7,500 | $39,000 | $135,000 | $300,000 |
| 35-44 | $25,000 | $135,600 | $350,000 | $750,000 |
| 45-54 | $50,000 | $247,200 | $575,000 | $1.2M |
| 55-64 | $70,000 | $364,500 | $900,000 | $2.0M |
| 65-74 | $85,000 | $409,900 | $1.0M | $2.2M |
Source: Federal Reserve Survey of Consumer Finances (SCF) 2022
Strategies to Grow Your Net Worth
- 1.Pay off high-interest debt first – Credit card debt at 20%+ destroys wealth faster than investments can build it.
- 2.Maximize retirement contributions – Take full advantage of employer 401(k) matches and tax-advantaged growth.
- 3.Live below your means – The gap between income and expenses determines how fast your net worth grows.
- 4.Build an emergency fund – 3-6 months of expenses prevents debt during emergencies.
- 5.Invest consistently – Dollar-cost averaging through market ups and downs builds wealth over time.
Frequently Asked Questions
How do you calculate net worth? ▼
Net worth = Total Assets - Total Liabilities. Add up everything you own (cash, investments, property) and subtract everything you owe (mortgages, loans, credit cards).
Should I include my home in my net worth? ▼
Yes, include your home's market value as an asset and mortgage as a liability. The difference is your home equity. Some track "liquid net worth" separately, excluding home equity.
What's a good debt-to-asset ratio? ▼
Below 40% is healthy, below 20% is excellent. Above 60% suggests you may be overleveraged. This ratio shows what percentage of your assets are financed by debt.
Can net worth be negative? ▼
Yes, when liabilities exceed assets. Common for recent graduates or new homeowners. Focus on paying down high-interest debt and building savings to improve it over time.
How often should I calculate my net worth? ▼
Quarterly or at least annually. Also track after major events like buying a home, paying off debt, or receiving a bonus. Regular tracking helps identify trends.
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