๐ Assets
$0
Cash & Savings
Checking Accounts
Savings Accounts
Emergency Fund
Cash on Hand
Investments
401(k) / IRA Balance
Brokerage Account
Stocks / ETFs / Mutual Funds
Crypto / Alternative Investments
Real Estate
Primary Home (Market Value)
Rental / Investment Property
Land / Other Real Estate
Personal Property
Vehicles (Market Value)
Jewelry / Collectibles / Art
Other Valuables
Business & Other
Business Ownership Value
Money Owed to You
Other Assets
๐ Liabilities
$0
Mortgage & Real Estate Debt
Primary Mortgage Balance
Home Equity Loan / HELOC
Investment Property Mortgage
Vehicle & Auto Loans
Car Loan Balance
Other Vehicle Loans
Credit Cards & Personal Debt
Credit Card Balances
Personal Loan Balance
Lines of Credit
Education Debt
Federal Student Loans
Private Student Loans
Other Liabilities
Medical Bills
Taxes Owed
Other Debt / Obligations
Net Worth Breakdown
| Category | Assets | Liabilities | Net |
|---|---|---|---|
| Total | โ | โ | โ |
Assets allocationโ
AssetsLiabilities
Total Assets
$0
everything you own
Net Worth
$0
assets minus liabilities
Total Liabilities
$0
everything you owe
๐
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What Is Net Worth and Why Does It Matter?
Net worth is everything you own minus everything you owe. The median US family had a net worth of $192,900 in the Federal Reserve's 2022 Survey of Consumer Finances, the latest published. Enter your accounts, property and debts above; the calculator totals them by category and shows your net worth and debt share instantly.
Your net worth is the single most important number in personal finance. It's calculated as Total Assets minus Total Liabilities, everything you own minus everything you owe. Unlike income, net worth measures your actual financial position and progress over time.
A high salary doesn't guarantee a high net worth: someone earning $200,000/year but carrying $300,000 in debt and no savings can have a negative net worth. Conversely, consistent saving and investing over decades can build significant net worth at any income level.
Average US Net Worth by Age
Median by age of the family head: under 35, about $39,000; 35 to 44, $136,000; 45 to 54, $247,000; 55 to 64, $364,000; 65 to 74, $410,000. Source: Federal Reserve Survey of Consumer Finances 2022 (latest available).
What's Considered a Good Net Worth?
A common benchmark: net worth should equal your age multiplied by your gross annual income divided by 10. At 40 with $80,000 income, target would be $320,000. More importantly, track your own progress year over year.
Liquid vs Illiquid Assets
Not all assets are equal. Cash and investments are liquid: quickly converted to spending power. Real estate and vehicles are illiquid: they take time and cost money to sell. Your liquid net worth is often more useful for financial planning.
How to Grow Net Worth
Three levers: (1) Earn more, career growth, side income; (2) Spend less, reduce liabilities, avoid high-interest debt; (3) Invest consistently, compound growth over time. Small consistent actions compound dramatically over decades.
US Net Worth by Age: Median and Mean
Federal Reserve Survey of Consumer Finances 2022, in 2022 dollars, by the age of the head of the family. The 2025 survey results have not been published yet.
| Age | Median net worth | Mean 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 |
| All families | $192,900 | $1,063,700 |
Compare yourself with the median, not the mean. A small number of very wealthy families pull the mean up to roughly four to five times the median in every age group.
Worked Example: the Default Numbers
The figures already filled in above describe a typical homeowner with a mortgage, a car loan and student debt.
| Category | Assets | Liabilities | Net |
|---|---|---|---|
| Cash and savings | $25,500 | $0 | $25,500 |
| Investments | $65,000 | $0 | $65,000 |
| Home and mortgage | $320,000 | $245,000 | $75,000 |
| Car and car loan | $22,000 | $14,000 | $8,000 |
| Credit cards | $0 | $4,800 | minus $4,800 |
| Student loans | $0 | $28,000 | minus $28,000 |
| Personal property | $3,000 | $0 | $3,000 |
| Total | $435,500 | $291,800 | $143,700 |
Debts equal 67% of assets here. Take out the home and its mortgage and the net worth that is not tied to the house is $68,700. Home equity is real wealth, but you cannot spend it without selling or borrowing, so tracking both numbers gives the clearer picture.
A Rule of Thumb for Your Age and Income
One widely quoted benchmark from the book The Millionaire Next Door: expected net worth = age × annual pre-tax income ÷ 10. It is a rough yardstick for mid-career earners, not a target set by any official body.
| Age | $50,000 income | $75,000 | $100,000 | $150,000 |
|---|---|---|---|---|
| 30 | $150,000 | $225,000 | $300,000 | $450,000 |
| 40 | $200,000 | $300,000 | $400,000 | $600,000 |
| 50 | $250,000 | $375,000 | $500,000 | $750,000 |
| 60 | $300,000 | $450,000 | $600,000 | $900,000 |
The formula is tough on young earners with student loans and generous to late starters with high pay. Your own year-over-year change is the more useful measure.
What to Count and at What Value
- Home: a realistic sale price, not the tax assessment or the price you hope for. Knocking off 6% or so for selling costs gives a truer figure.
- Cars: private-party resale value today. They lose value every year, so update them each time.
- Retirement accounts: count the full balance, but remember traditional 401(k) and IRA money is taxed when you withdraw it and Roth money is not.
- Leave out: future salary, expected inheritances and pensions you cannot cash out. Include every debt, even ones owed to family or the IRS.
Method and sources. Net worth = total assets minus total liabilities, summed by the categories shown. The worked example uses the calculator's default inputs; debt share = liabilities ÷ assets. Age and national figures: Federal Reserve Board, Changes in U.S. Family Finances from 2019 to 2022: Evidence from the Survey of Consumer Finances (October 2023), Table 2. The age times income formula is a rule of thumb from Stanley and Danko's The Millionaire Next Door. All other figures were computed from the inputs shown.
Frequently Asked Questions
Net worth = Total Assets minus Total Liabilities. Add up everything you own that has monetary value (cash, investments, property, vehicles), then subtract everything you owe (mortgages, car loans, credit card balances, student loans). The result can be positive or negative. Many people are surprised to find they have a negative net worth: especially early in their careers when student loans and mortgages outweigh savings.
According to the Federal Reserve's Survey of Consumer Finances, median net worth by age group: Under 35: $39,000 median / $183,000 mean. 35 to 44: $136,000 median / $549,000 mean. 45 to 54: $247,000 median / $975,000 mean. 55 to 64: $364,000 median / $1.57M mean. 65 to 74: $410,000 median / $1.79M mean. The mean is much higher than the median because wealth is concentrated at the top. Median is the more representative figure for most people.
Yes: include your home's current market value as an asset and your mortgage balance as a liability. The difference is your home equity, which counts toward your net worth. However, home equity is illiquid: you can't spend it without selling or borrowing against it. It's useful to track both your total net worth (including home equity) and your liquid net worth (excluding primary residence) separately to understand your actual financial flexibility.
Common benchmarks: By age 30, 1x your annual salary saved. By age 40, 3x your annual salary. By age 50, 6x your annual salary. By age 60, 8x your annual salary (Fidelity's retirement guidelines). These are guidelines, not rules. What matters most is consistent progress: your net worth growing year over year. Starting late doesn't mean you've failed; it means your plan needs to be more aggressive.
A negative net worth means your liabilities exceed your assets: you owe more than you own. It's extremely common among young adults, especially those with student loans or recent mortgages. It is also far from rare later in life after a job loss, divorce or medical bills. If you're young and just starting out, a negative net worth is a starting point, not a life sentence. Consistent debt payoff, saving, and investing will move it in the right direction over time.
Most financial advisors recommend tracking net worth quarterly or annually, frequently enough to see progress, not so often that short-term market fluctuations cause panic. Annual tracking on the same date each year (e.g., January 1) gives a clean year-over-year comparison. The trend over multiple years matters far more than any single snapshot. Account aggregation apps can also track it automatically by connecting to your accounts.
Income is a flow: money coming in each month or year. Net worth is a stock: the accumulated result of all past income, spending, and investment decisions. You can earn a high income and have low net worth (by spending it all), or have modest income and high net worth (by consistently saving and investing). Net worth is the better measure of long-term financial health; income shows your current earning power but not your financial foundation.
Fastest levers: (1) Pay off high-interest debt, every dollar of credit card debt eliminated at 22% APR is equivalent to a 22% investment return; (2) Increase income, a raise, promotion, or side income directly grows the asset side; (3) Cut major expenses, housing and transportation make up 50%+ of most budgets; (4) Maximize retirement accounts, tax advantages accelerate growth; (5) Avoid lifestyle inflation, keeping expenses flat as income rises is the most powerful wealth-building habit.
Yes: include the full balance of 401(k), IRA, and other retirement accounts as assets. Some people discount them by 20 to 30% to account for future taxes (especially traditional pre-tax accounts), but most financial calculators include the gross balance. If precision matters, calculate both: gross balance and after-tax estimated value. Roth accounts (already taxed) can be counted at full value; traditional pre-tax accounts will be taxed on withdrawal, so true after-tax value is somewhat lower.
Financial industry definitions: High Net Worth Individual (HNWI), investable assets of $1 million or more (excluding primary residence). Very High Net Worth, $5 million+. Ultra High Net Worth (UHNWI), $30 million+. For perspective, the Federal Reserve's 2022 survey put the mean net worth of all US families at $1,063,700 but the median at only $192,900. The $1 million threshold, while significant, is increasingly achievable for middle-class households that invest consistently over a 30 to 40 year career.
$192,900 for all families, according to the Federal Reserve's 2022 Survey of Consumer Finances, the latest available. The mean was $1,063,700, much higher because wealth is concentrated at the top. By age, the median runs from $39,000 for families headed by someone under 35 to $409,900 for ages 65 to 74.
Yes, at what it would sell for today, with any car loan listed as a liability. A $22,000 car with a $14,000 loan adds $8,000 to net worth. Because cars lose value every year, some people leave them out and track only financial assets and home equity, which is fine as long as you do it the same way each time.