Net Worth Calculator
Calculate your total net worth by listing your assets and liabilities.
Net worth is the simplest summary of your financial position. I calculate mine annually, it's the one number that shows whether the overall financial picture is improving, declining, or stagnant. Year-over-year growth in net worth is the most honest measure of financial progress.
Net worth = Total assets − Total liabilities. A negative net worth (more owed than owned) is common in early adulthood and improves as debt is paid and assets accumulate. Track it annually to see the trend.
What to include as assets
Liquid assets: Checking, savings, money market accounts, cash. Investment assets: Brokerage accounts, 401(k), IRA, Roth IRA, other retirement accounts, HSA. Real property: Home market value, rental properties, land. Other assets: Vehicles (current market value), collectibles with verified value, business equity, cash value of life insurance. Include the current market value of assets, not their original purchase price.
What to include as liabilities
Mortgage(s): Current outstanding balance, not the original loan amount. Auto loans: Current balance. Student loans: Current balance. Credit cards: Current balance (even if you pay in full monthly, include the current statement balance). Other debt: Personal loans, medical debt, business loans, HELOCs, family loans. Use current outstanding balances, not original loan amounts.
Liquid vs total net worth
Many financial planners track two versions: total net worth (including home equity and retirement accounts) and liquid net worth (excluding illiquid assets like home equity and accounts with withdrawal restrictions/penalties). Liquid net worth is a better measure of near-term financial flexibility, your home equity can't pay next month's bills without selling or borrowing.
Net worth benchmarks by age
Benchmarks vary significantly by income, but rough median net worth by age: under 35: ~$14,000. 35–44: ~$92,000. 45–54: ~$168,000. 55–64: ~$213,000. 65–74: ~$267,000 (Federal Reserve SCF data). High earners often have 5–10x these medians. The most useful benchmark is your own year-over-year growth rate, consistently increasing net worth is the goal regardless of where you start.
Frequently asked questions
Should I include my car as an asset?
Yes, at current market value (not purchase price). A vehicle worth $18,000 is an asset. The auto loan balance is a liability. If the car is worth $18,000 and you owe $14,000, your net equity in the vehicle is $4,000. Vehicles depreciate, their asset value decreases over time while the loan balance decreases more slowly early on.
How often should I calculate net worth?
Annually is the minimum meaningful frequency. Quarterly is common for people actively tracking progress. Monthly can be useful early in a financial journey when changes are more rapid. Checking more frequently than monthly risks over-reacting to market fluctuations in investment values.