Net Worth Calculator

Your net worth is everything you own minus everything you owe. This calculator adds up your assets, such as cash, investments, retirement accounts, your home and your car, and subtracts your debts, from the mortgage to credit card balances. It also shows your debt-to-asset ratio, your home equity, your net worth without the home, and how you compare with the median household of your age in the Federal Reserve's Survey of Consumer Finances.

Net worth is a snapshot. Its real value comes from tracking it: work it out once or twice a year with the same method, and the change tells you whether your finances are moving in the right direction. Your figures stay in your browser and are restored the next time you visit.

Net worth = total assets − total liabilities

Debt-to-asset ratio = total liabilities ÷ total assets

Value assets at what you could sell them for today, not what you paid. For a home, use a recent comparable sale or an estimate, less the cost of selling if you want to be conservative. A car is worth its resale value, which falls every year. Retirement accounts can be counted at their full balance or after estimated tax; pick one approach and stick with it. Debts are the current payoff balances, not the original loan amounts.

A homeowner in their late thirties with $15,000 in savings, $25,000 invested, $60,000 in retirement accounts, a $380,000 home and an $18,000 car has $498,000 of assets. Debts of $295,000, mostly the $260,000 mortgage, leave a net worth of $203,000. That is 1.5 times the median for households aged 35 to 44. Without the $120,000 of home equity, net worth is $83,000.

A recent graduate with $19,000 of assets and $47,500 of debt, mostly student loans, has a net worth of −$28,500. That is common early in a career, and paying down the loans raises net worth dollar for dollar.

Figures are from the Federal Reserve's 2022 Survey of Consumer Finances, in 2022 dollars, published in 2023. The mean is several times the median because a small number of very wealthy households pull it up; the median is the better guide to a typical household.

A single number hides a lot. Two households with the same net worth can be in very different positions if one holds it all in home equity and the other in cash and investments it can reach. That is why the result also shows cash and investments separately and net worth without the home. A high debt-to-asset ratio is normal soon after buying a house and should fall each year as the mortgage is paid down. If your net worth is lower than the median for your age, compare the direction over the next year rather than the gap today; income, location and when you started saving all shift the figures widely.

• Spend less than you earn and direct the difference to savings or debt. Every dollar either way adds a dollar to net worth.
• Pay off high-interest debt first. A credit card at 22% costs more than most investments earn; the debt payoff calculator plans the order.
• Invest for growth over time. The compound interest calculator shows how regular contributions add up.
• Be wary of assets that lose value. A new car financed with a loan can lower net worth for years.