Net Worth Calculator
Calculate your net worth by subtracting your total liabilities from your total assets. Net worth is a snapshot of your financial health and tracks your progress toward financial goals.
Assets (What You Own)
Liabilities (What You Owe)
Net Worth Summary
Total Assets:
$0.00
Total Liabilities:
$0.00
Net Worth:
$0.00
Financial Health
Asset-to-Debt Ratio:
0.00
Financial Status:
Enter data
Wealth Category:
Unknown
Asset Breakdown
Liquid Assets:
$0.00
Investments:
$0.00
Real Estate:
$0.00
Other Assets:
$0.00
Understanding Net Worth
Net worth is the difference between your total assets and total liabilities. It's a comprehensive measure of your financial health and represents what you would have left if you sold all your assets and paid off all your debts.
What is Net Worth?
Net Worth = Assets - Liabilities
Assets Include:
- Cash and savings accounts
- Investment accounts
- Retirement accounts (401k, IRA)
- Real estate (home, rental properties)
- Vehicles and personal property
- Business ownership stakes
Liabilities Include:
- Mortgages and home equity loans
- Car loans and leases
- Student loans
- Credit card debt
- Personal loans
- Other outstanding debts
Net Worth by Age and Income
| Age Group | Average Net Worth | Median Net Worth | Top 10% Net Worth |
|---|---|---|---|
| 25-34 | $91,000 | $6,000 | $500,000 |
| 35-44 | $436,000 | $91,000 | $1.2M |
| 45-54 | $833,000 | $168,000 | $2.5M |
| 55-64 | $1.2M | $212,000 | $4.0M |
| 65+ | $1.1M | $266,000 | $4.5M |
Net Worth Categories
Positive Net Worth
- $1 - $99,999: Starter
- $100,000 - $499,999: Builder
- $500,000 - $999,999: Accumulator
- $1M - $4.9M: Achiever
- $5M+: High Net Worth
Negative Net Worth
- $0 - -$9,999: Minimal debt
- -$10,000 - -$49,999: Moderate debt
- -$50,000 - -$99,999: Significant debt
- -$100,000+: High debt load
Building Net Worth
Increase Assets:
- Save consistently
- Invest regularly
- Build retirement accounts
- Invest in real estate
- Start a business
Reduce Liabilities:
- Pay off high-interest debt
- Avoid new debt
- Refinance loans
- Use debt consolidation
- Live below your means
Net Worth Goals by Age
Recommended Net Worth Milestones
By Age 30:
- $25,000 minimum
- 1x annual salary
- Emergency fund established
- Retirement savings started
By Age 40:
- $150,000 minimum
- 3x annual salary
- Home ownership
- Max retirement contributions
By Age 50:
- $500,000 minimum
- 6x annual salary
- Investment portfolio growing
- Debt substantially reduced
By Age 60:
- $1M+ target
- 10x+ annual salary
- Retirement ready
- Legacy planning
Common Net Worth Mistakes
Asset Mistakes:
- Not tracking all assets
- Overvaluing personal property
- Forgetting retirement accounts
- Not including business value
Liability Mistakes:
- Excluding authorized credit
- Forgetting personal loans
- Not including tax debts
- Missing co-signed debts
Net Worth Tracking
Why Track Net Worth Regularly?
Financial Progress:
- Monitor wealth accumulation
- Track goal progress
- Identify trends
- Celebrate milestones
Financial Health:
- Debt-to-asset ratio
- Liquidity assessment
- Risk evaluation
- Planning adjustments
Key Takeaways for Net Worth
- Net worth is assets minus liabilities and represents your financial foundation
- Track net worth quarterly to monitor financial progress and identify trends
- Focus on increasing assets through saving and investing while reducing liabilities
- Include all assets and liabilities, even small ones, for accurate calculations
- Use net worth as a benchmark, not a measure of self-worth
- Set realistic goals based on age, income, and financial situation
- Regular net worth tracking helps maintain financial discipline
- Consider both liquid and illiquid assets when assessing financial health