Net Worth Calculator
Your net worth is everything you own minus everything you owe. This net worth calculator adds up your cash, investments, retirement, home, and other assets, subtracts your mortgage, loans, and credit card balances, and shows the single number that captures your financial position. Track it over time to see whether you are building wealth or falling behind.
Quick answer
Net worth equals total assets minus total liabilities.
Assets (what you own)
Liabilities (what you owe)
What this tells you
- •Net worth equals total assets minus total liabilities.
- •A positive number means you own more than you owe, and a negative number means the reverse.
- •The trend matters more than the snapshot, so recalculate every few months.
How to Use
- 1Enter the current value of each asset you hold, from cash to your home and car.
- 2Enter the outstanding balance on each debt, such as your mortgage, loans, and cards.
- 3Leave any category at zero if it does not apply to you.
- 4Calculate to see your net worth, your totals, and your debt-to-asset ratio.
How It Works
Formula
Net Worth = Total Assets - Total LiabilitiesAdd up the market value of everything you own to get total assets. Add up the balance of everything you owe to get total liabilities. Subtract the second from the first. The result is your net worth, which can be positive or negative.
Calculation note: values are processed in the order shown above, using the current input units.
Worked Examples
Homeowner with a mortgage
Graduate with student loans
Average and Median Net Worth by Age (United States)
Figures from the Federal Reserve Survey of Consumer Finances (2022 data, released 2023). The median is the midpoint and is far lower than the average, which a small number of very wealthy households pull upward.
| Age of head of household | Median net worth | Average net worth |
|---|---|---|
| Under 35 | $39,000 | $183,500 |
| 35 to 44 | $135,600 | $549,600 |
| 45 to 54 | $247,200 | $975,800 |
| 55 to 64 | $364,500 | $1,566,900 |
| 65 to 74 | $409,900 | $1,794,600 |
| 75 and older | $335,600 | $1,624,100 |
Use the median column to compare yourself with a typical household your age, because the average is skewed high. These are national figures and vary widely by region and income.
What Counts as an Asset and a Liability (Methodology)
Assets are anything you own that has cash value. The common categories are liquid cash (checking and savings), investments held outside retirement (brokerage accounts, stocks, bonds), retirement accounts (a 401k or IRA), the current market value of your home and any other property, the resale value of vehicles, and other valuables such as a business stake or collectibles. Use realistic market values, not what you paid or what you hope to get.
Liabilities are the balances you still owe. The usual categories are your remaining mortgage, auto loans, student loans, credit card debt, and any other personal or medical debt. Enter the payoff balance today, not the original loan amount. The gap between your total assets and total liabilities is your net worth.
Home equity is already handled correctly here, so you do not enter it separately. You put in the full home value as an asset and the full mortgage balance as a liability, and the difference between them, your equity, becomes part of net worth on its own. The debt-to-asset ratio shown next to your result is total debt divided by total assets, where a lower ratio means you owe less against what you own.
Common mistakes
- Using the purchase price of a home or car instead of its current market value
- Entering the original loan amount rather than the balance you owe today
- Forgetting to include retirement accounts, which are often the largest asset
- Treating a negative net worth as failure when it is normal early in life