Net Worth Calculator

Net worth equals total assets minus total liabilities. Assets are everything you own that has value: cash and bank accounts, investments, retirement accounts (401k/IRA), real estate, vehicles, and other valuables. Liabilities are everything you owe: mortgage balance, auto loans, student loans, credit card balances, and other debts. Add up all your assets, add up all your debts, then subtract debts from assets. A positive number means you own more than you owe; a negative number means the opposite. Recalculating periodically shows whether your financial position is improving over time.

Federal Reserve Survey of Consumer Finances data shows median net worth rising with age: roughly $39,000 under 35, $135,000 for 35–44, $247,000 for 45–54, $364,000 for 55–64, $410,000 for 65–74, and $335,000 for 75+. These are medians, meaning half of households fall below and half above each figure. Net worth varies enormously by region, career, family situation, and inheritance, so treat these numbers as rough directional context rather than a personal target or benchmark to compare yourself against.

Yes. Your home's current market value counts as an asset, and any remaining mortgage balance counts as a liability. Only the difference — your home equity — contributes net-positive value to your overall net worth. For example, a house worth $400,000 with a $250,000 mortgage balance adds $150,000 of equity to your net worth, not the full $400,000. Because home value and mortgage balance both appear on the balance sheet, paying down principal or home price appreciation both increase your net worth over time.

Yes, 401k and IRA balances are real assets and belong in your net worth calculation, even though you generally can't access them penalty-free until retirement age. That said, some people also track a separate figure called "liquid net worth," which excludes retirement accounts and home equity and only counts cash, investments, and other assets you could convert to cash quickly. Liquid net worth is more useful for near-term financial decisions like emergency planning, while total net worth better reflects long-term financial health.

For most people, checking net worth quarterly or annually strikes the right balance — often enough to track meaningful progress, but not so often that normal market swings feel alarming. Frequent tracking, such as daily or weekly, tends to focus attention on short-term investment volatility that doesn't reflect real financial progress and can create unnecessary stress. A consistent quarterly or yearly check-in, ideally on the same schedule each time, gives a clearer picture of the trend without the noise.