Net Worth Calculator

Calculate your total net worth by summing assets minus liabilities. Track your financial progress and set net worth goals.

💰 Finance📐 Net Worth = Total Assets - Total Liabilities
Home value ($)
Car value ($)
Bank accounts + cash ($)
Investments (401k, IRA, brokerage)
Mortgage balance ($)
Car loan balance ($)
Student loans ($)
Credit card debt ($)
Please enter valid values.

Formula & Reference

VariableFormulaUnits
Net Worth CalculatorNet Worth = Total Assets - Total Liabilities$ net worth

Step-by-Step Examples

Example 1
Young Professional

$350K home, $25K car, $15K bank, $80K invest, $220K mortgage, $18K car loan, $25K student, $5K CC.

  • Assets: $470K | Liabilities: $268K
  • Net worth: $202,000
✓ $202,000 net worth
Example 2
Recent Graduate

$0 home, $15K car, $3K bank, $5K Roth IRA, $12K car loan, $40K student.

  • Assets: $23K | Liabilities: $52K
  • Net worth: -$29,000 (normal for new grad)
✓ Net worth: -$29,000
Example 3
Empty Nester

$500K home, $30K car, $50K bank, $400K retirement, $0 mortgage, $5K CC.

  • Assets: $980K | Liabilities: $5K
  • Net worth: $975,000
✓ $975,000 net worth

Real-World Applications

💰
Individuals
Understand your complete financial picture with net worth.
📊
Financial Advisors
Run net worth assessments for clients.
🏠
Homeowners
Track how home equity contributes to net worth over time.
🎓
Students
Understand current financial baseline to set goals.

Common Mistakes to Avoid

⚠️
Including illiquid assets in net worth

Your home and car count, but they are illiquid. Financial independence planning often focuses on 'liquid net worth' (excluding home and vehicle equity) as the deployable wealth figure.

⚠️
Not tracking regularly

Net worth is most useful as a trend over time, not a single snapshot. Track it quarterly or annually to measure financial progress.

⚠️
Including 401k at full value

Remember that traditional 401k and IRA balances will be taxed on withdrawal (20-30% effective tax rate). Some financial planners use after-tax values for retirement accounts.

Frequently Asked Questions

What is average net worth by age? ▾
US median net worth: 25-34: $39,000. 35-44: $91,000. 45-54: $168,000. 55-64: $213,000. 65-74: $266,000 (Federal Reserve, 2022). Median is more meaningful than average (which is distorted by billionaires).
What is a good net worth at 40? ▾
The wealth target rule: net worth = age x gross income / 10. At 40 with $70,000 income: target $280,000. Alternative: 3x annual income saved. Many financial experts suggest 10x income at retirement (age 65-67).
How fast does net worth grow? ▾
Average net worth tends to grow rapidly in 30s-40s as careers advance, mortgages are paid down, and compound investment growth accelerates. From $100,000 at 30 at 7% real growth: $1.07M at 65.
What is liquid net worth? ▾
Net worth excluding home equity and illiquid assets like private business interests. Liquid net worth = bank + investment accounts - consumer debts. This represents the wealth you could access in an emergency or convert to income in retirement.
What is the FIRE movement? ▾
Financial Independence, Retire Early. Target: invest 25x annual expenses (4% withdrawal rate). At $50,000 annual expenses: need $1.25M. Aggressive savers aim for FIRE by 40-55. Requires saving 40-70% of income.

Related Calculators

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