Net Worth
$9,992.00
How it works
The Net Worth Calculator totals your assets and liabilities to determine your current net worth — the most fundamental personal finance metric. Enter the current values of everything you own (cash, investments, property, vehicles) and everything you owe (mortgage, loans, credit cards), and the calculator shows your balance sheet.
Net worth is the single number that most clearly reflects overall financial health. It incorporates income history, spending habits, debt management, and investment growth into one figure. Tracking it quarterly or annually reveals financial trajectory more reliably than any individual metric.
How to use it: enter your assets by category (cash and checking, savings and money market, retirement accounts, brokerage accounts, primary residence value, other real estate, vehicles, business ownership, other assets) and your liabilities (mortgage balance, home equity loan, auto loans, student loans, credit card balances, personal loans, other liabilities). Net worth = total assets − total liabilities.
Asset entry guidance: use current market value for real estate (Zillow/Redfin estimate) and vehicles (KBB value). Use current account balance for financial accounts. For retirement accounts (401k, IRA), enter the current vested balance — the tax liability is a future consideration.
Debt-to-asset ratio: the calculator also shows your debt-to-asset ratio (total liabilities / total assets) — below 0.5 is generally considered healthy, above 0.8 indicates debt-heavy finances.
Progress tracking: save your entries (via browser localStorage) to compare quarter-over-quarter and year-over-year changes.
Privacy: your financial data is stored only in your browser's localStorage and never transmitted.
Frequently Asked Questions
- Approximate median US net worth by age (2023 Federal Reserve data): under 35: $39,000; 35–44: $135,000; 45–54: $247,000; 55–64: $365,000; 65–74: $410,000; 75+: $335,000. Mean (average) net worth is much higher due to wealthy outliers: $1,063,700 overall. Median is the more representative figure for 'typical' Americans.
- Traditional 401(k) and IRA balances will be taxed at withdrawal — technically your actual net worth from these accounts is the balance minus future taxes. For simplicity, most people include the full balance and note the tax liability separately. For a more precise picture, reduce traditional retirement balances by your expected marginal tax rate at withdrawal.
- Quarterly updates (every 3 months) are recommended for most people — frequent enough to see meaningful progress without being so frequent that normal market volatility causes anxiety. Annual updates with a year-over-year comparison are the minimum to understand your financial trajectory.
- Yes, particularly for younger people with student loans or recent car/home purchases. The majority of Americans under 35 have negative or near-zero net worth after subtracting student loans, car loans, and any credit card debt. Negative net worth is a starting point, not a permanent condition — the goal is a clear trajectory toward positive territory.