Get a clear snapshot of your finances by listing what you own and what you owe. The tool totals assets and liabilities to show your net worth — defined as assets minus liabilities, a standard used across personal-finance literature.
Net Worth Calculator
See breakdown tables
| Asset / Liability | Amount | % of total |
|---|
Quick Formula
Net Worth = Total Assets − Total Liabilities
Examples of assets: cash, checking/savings, investments (brokerage, 401(k)/IRA), home value, vehicles, business interests, crypto, valuable personal property. Examples of liabilities: mortgages/HELOCs, auto loans, student loans, credit cards, personal loans.
How to list your assets (fair values)
For a realistic picture, list each asset at fair market value — the price a willing buyer and seller would agree on in an open market. This is how the IRS defines FMV, and it’s a useful principle for personal finance too.
- Cash & cash equivalents: checking, savings, money market funds, CDs.
- Investments: taxable brokerage and retirement accounts (401(k), IRA, etc.).
- Real estate: your home’s current market value plus any other properties.
- Vehicles: cars, motorcycles (use current resale value, not original price).
- Other assets: HSAs, business interests, valuable collectibles.
How to list your liabilities
Include the current balances on debts you’re obligated to repay:
- Mortgages/HELOCs: balances secured by your home(s).
- Installment loans: auto, personal, student loans.
- Revolving debt: credit card balances.
- Other obligations: anything else you owe (e.g., BNPL if outstanding).
Net worth updates as you type. If your liabilities exceed assets today, your net worth is negative — that’s common early in life and can improve as you pay down debt and build savings.
Benchmarks: How does your net worth compare?
The calculator includes a dropdown to compare your result to the U.S. median net worth from the Federal Reserve’s 2022 Survey of Consumer Finances (SCF). Overall, the median household net worth in 2022 was $192,900 (in 2022 dollars).
| Age of household reference person | Median net worth (2022) |
|---|---|
| Under 35 | $39,000 |
| 35–44 | $135,600 |
| 45–54 | $247,200 |
| 55–64 | $364,500 |
| 65–74 | $409,900 |
| 75 or older | $335,600 |
Between 2019 and 2022, real median net worth rose 37% (to $192,900) and real mean net worth rose 23% (to $1,063,700), the largest three-year median increase in modern SCF history.
What counts (and common pitfalls)
- Primary home: Include the home’s market value as an asset and the mortgage(s) as liabilities. (Some regulations define special net-worth tests that exclude a primary residence — e.g., for accredited investor status — but for personal finance tracking, the standard approach is assets minus liabilities, home included.)
- Retirement accounts: Include current account values (401(k), traditional/Roth IRA). These are long-term assets that can fluctuate with markets.
- Vehicles: Use current resale value; cars depreciate and shouldn’t be listed at original purchase price.
- Personal property: Count only items with meaningful resale value (e.g., valuable jewelry or instruments), at fair market value.
How to read your results
- Total assets and total liabilities show the two sides of your balance sheet.
- Net worth is the difference (assets − liabilities). Tracking this each month or quarter shows progress toward long-term goals.
- Breakdown table: See which assets/liabilities dominate your totals to decide where to focus (e.g., paying down a high-balance loan or boosting an emergency fund).
- U.S. median comparison: Puts your number in context (overall or by age), based on the latest triennial SCF.
Example (illustrative only)
Suppose you list $375,000 in assets (cash $10,000; investments $50,000; home value $300,000; car $15,000) and $260,000 in liabilities (mortgage $245,000; auto loan $10,000; credit cards $5,000). Your net worth is $115,000. If you select the “35–44” age group, the 2022 SCF median is $135,600 (in 2022 dollars), so you’re below the median by about $20,600 in this example.
Tips to grow net worth (evidence-based)
- Reduce high-interest debt first: Paying down revolving balances lowers liabilities and frees cash flow.
- Automate saving and investing: Regular contributions to retirement and brokerage accounts build assets over time.
- Maintain an equity cushion: Avoid over-leveraging your home; a healthy loan-to-value helps stabilize net worth if prices fall.
- Use fair market value updates: Periodically revisit estimates for vehicles and personal property so your balance sheet stays realistic.
Methodology & assumptions
- Net worth math: Assets − liabilities, per standard regulatory usage. The SEC’s investor bulletin uses the same formulation when explaining net-worth tests.
- Valuation: Assets should be listed at fair market value (FMV), using the IRS definition as a practical benchmark for personal property.
- Benchmarks: U.S. medians and age-band medians come from the Federal Reserve’s Survey of Consumer Finances (2022), reported October 18, 2023.
- Currency: Figures are in U.S. dollars. Fed medians are inflation-adjusted to 2022 dollars in the SCF.