Net Worth Calculator: Assets, Debts & Comparison by Age

Calculate your net worth by adding up everything you own and subtracting everything you owe. Enter your assets and debts to see your net worth, your liquid net worth, your debt-to-asset ratio, and how you compare with the typical household your age. Example: $60,000 in savings, investments and retirement accounts, a $350,000 home, $15,000 of other assets and $240,000 of debts gives a net worth of $185,000.

How to use the Net Worth Calculator

1. Enter your age.
2. List your assets: cash, investments, retirement accounts, home value and other assets.
3. List your debts: mortgage, car loans, student loans and credit cards.
4. Press Calculate to see your net worth and how it compares with the median for your age group.

Formula and method

Net worth = Total assets − Total liabilities

Use current market values for assets and current balances for debts. Net worth can be negative, which is common for young adults with student loans.

Frequently asked questions

What is a good net worth for my age?

Median net worth by age (2022 Fed survey): about $39,000 under 35, $136,000 for ages 35 to 44, $247,000 for 45 to 54, $365,000 for 55 to 64 and $410,000 for 65 to 74. Your own goals matter more than medians.

Should I include my home?

Yes, at its market value, with the mortgage as a debt. Many people also track net worth without home equity to see their investable wealth.

How often should I calculate net worth?

Once or twice a year is enough to see the trend. Tracking more often mostly shows market noise.

Sources

• Federal Reserve: Survey of Consumer Finances

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