Net Worth Calculator
Calculate your total net worth by entering your assets and liabilities.
Understanding Net Worth
Net worth is a snapshot of your financial health at a specific point in time. It's calculated by subtracting your total liabilities from your total assets. A positive net worth means you own more than you owe, while a negative net worth indicates the opposite.
Why Track Net Worth?
- Financial Health Check: Provides a clear picture of your overall financial situation
- Progress Tracking: Monitor your financial growth over time
- Goal Setting: Helps set realistic financial goals
- Decision Making: Informs major financial decisions
Net Worth by Age (US Median)
| Age Group | Median Net Worth |
|---|---|
| Under 35 | $14,000 |
| 35-44 | $91,000 |
| 45-54 | $168,000 |
| 55-64 | $213,000 |
| 65+ | $255,000 |
Tips to Increase Net Worth
- Pay down high-interest debt first
- Increase retirement contributions
- Build an emergency fund
- Invest consistently over time
- Avoid lifestyle inflation
Healthy Ratios
- Debt-to-Asset: Below 50%
- Emergency Fund: 3-6 months expenses
- Retirement: 10-15% of income