Net Worth Calculator
Add what you own and what you owe to get net worth, liquid net worth and net worth without home equity, with a breakdown and Federal Reserve age medians.
The interactive tool loads here when JavaScript runs.
About this toolWhat is the Net Worth Calculator?
Net worth is the single number that sums up your finances: everything you own minus everything you owe. The Net Worth Calculator lets you list assets and liabilities line by line, tag each one by type, and see the total along with three more useful views: liquid net worth, net worth excluding the equity in your home, and your debt-to-asset ratio.
Each asset and debt type gets a bar showing its share of the total, so you can see at a glance whether your wealth sits mostly in a house, a retirement account or cash. Add your age and pre-tax household income to compare the result with two benchmarks: the median for your age group from the Federal Reserve's 2022 Survey of Consumer Finances, and the "age times income divided by ten" rule from The Millionaire Next Door.
Rows are fully editable and the share link stores them, so you can save a snapshot today and rerun it in six months. Nothing leaves your browser.
- Editable asset and liability rows with types
- Net worth, liquid net worth and net worth excluding home equity
- Debt-to-asset ratio and breakdown bars by type
- Fed SCF 2022 median by age and the age x income / 10 benchmark
- Share link that stores every row, copy summary
- Runs in your browser with nothing uploaded
How to use the Net Worth Calculator
- Edit the asset rows: give each a name, its current market value and its type (cash, taxable investments, retirement, primary home, other real estate, vehicles, business or other). Add or delete rows as needed.
- Do the same for liabilities, using the current payoff balance and the type: mortgage, HELOC, auto loan, student loans, credit cards, personal loans or other debts.
- Optionally enter your age and pre-tax household income to see the benchmarks.
- Read net worth, total assets and liabilities, liquid assets and liquid net worth, and net worth excluding home equity, then the breakdown bars.
- Copy the summary or share the link to keep a dated snapshot.
Worked examples
A 40-year-old homeowner
Input
Cash $15,000, brokerage $40,000, 401(k) $120,000, home $400,000, car $18,000; mortgage $280,000, car loan $12,000, credit card $2,500; age 40, income $110,000
Output
Net worth $298,500; liquid net worth -$239,500; excluding home equity $178,500; debt-to-asset 49.7%
Assets of $593,000 minus debts of $294,500. Two-thirds of the assets are the house, so the liquid figure is negative even though overall net worth is above the $135,600 median for ages 35 to 44.
Millionaire Next Door benchmark
Input
Same household: age 40, income $110,000
Output
Expected net worth $440,000; actual is 68% of it
40 x $110,000 / 10 = $440,000. The result lands between the "under accumulator" line ($220,000) and the "prodigious accumulator" line ($880,000).
Negative net worth after graduation
Input
Cash $4,000, car $9,000; student loans $38,000, credit card $1,500
Output
Net worth -$26,500
Negative net worth is common early in a career when student debt is large. The number to watch is how fast it rises toward zero.
Background and insight
A personal balance sheet uses market values: what each asset would sell for today, and the payoff balance on each debt. A house is worth what comparable homes sell for, not what you paid; a car is worth its resale value; a 401(k) counts at its current balance even though tax will be due on withdrawal. Being consistent from one snapshot to the next matters more than precision, because the trend is what tells you whether you are moving forward.
Liquid net worth narrows the view to money you could reach quickly without selling a house or paying early-withdrawal penalties. In this calculator, cash and taxable investment accounts count as liquid, and liquid net worth is liquid assets minus all liabilities. Some planners subtract only short-term debts instead, so definitions vary; the tool shows the inputs so you can see which version you are reading. Net worth excluding home equity removes the house and the loans secured by it, which is a better measure of what is available to fund retirement for people who plan to stay in their home.
For comparison, the Federal Reserve's Survey of Consumer Finances reported a median family net worth of $192,900 in 2022, rising with age from $39,000 for families headed by someone under 35 to $409,900 for ages 65 to 74 (Federal Reserve Bulletin, October 2023). Medians are far below means because wealth is concentrated at the top. Thomas Stanley and William Danko's 1996 book The Millionaire Next Door proposed a personal yardstick instead: expected net worth equals age times pre-tax income divided by ten, with twice that marking a "prodigious accumulator" and half of it an "under accumulator".
Common use cases
Yearly financial check-up
Record your net worth on the same date each year and see whether it is rising faster than inflation.
Retirement planning
Use net worth excluding home equity to judge how much is available to produce retirement income.
Paying down debt
Watch liabilities fall and net worth climb as balances are paid off, a clearer signal than a budget alone.
Loan and mortgage applications
Prepare a personal balance sheet with assets and debts by type before speaking to a lender.
Tips and limitations
- Value a home at a realistic sale price, not the purchase price or a list price, and consider subtracting roughly 6% to 10% for selling costs if you want a conservative figure.
- Retirement accounts are counted before tax. A traditional 401(k) or IRA balance will be reduced by income tax when withdrawn, while a Roth balance will not.
- Cars lose value quickly. Use a current private-sale estimate, and do not add household goods unless you could actually sell them.
- Do not count future income, pensions you cannot cash out or expected inheritances as assets.
- The Federal Reserve medians are in 2022 dollars and describe families, not individuals, so compare loosely and in US dollars.
- A negative liquid net worth is normal for homeowners with a mortgage; the emergency fund is the better measure of short-term safety.
Frequently asked questions
How do I calculate my net worth?
Add up the current market value of everything you own (cash, investments, retirement accounts, home, vehicles, other property) and subtract the payoff balance of everything you owe (mortgage, car loans, student loans, credit cards). The result can be negative.
What is liquid net worth?
It is the part of your wealth you could reach quickly. Here it is cash plus taxable investment accounts minus all of your debts. Retirement accounts, real estate and vehicles are left out because selling them takes time or triggers tax and penalties.
Should I include my home in my net worth?
Yes, at a realistic market value, with the mortgage as a liability. The calculator also shows net worth excluding home equity, which is more useful if you plan to keep living in the house and want to know what funds retirement.
Is a 401(k) part of net worth?
Yes. Count the current balance as an asset. Keep in mind that a traditional 401(k) or IRA will be taxed on withdrawal, so its after-tax value is lower than the balance shown.
What is the median net worth by age?
The Federal Reserve's 2022 Survey of Consumer Finances reports medians of $39,000 under 35, $135,600 for 35 to 44, $247,200 for 45 to 54, $364,500 for 55 to 64, $409,900 for 65 to 74 and $335,600 for 75 and older, by age of the family head.
What is the Millionaire Next Door net worth formula?
Expected net worth = age x pre-tax annual household income / 10, from Stanley and Danko's 1996 book. Twice that figure marks a "prodigious accumulator of wealth" and half of it an "under accumulator".
How often should I calculate my net worth?
Once or twice a year on the same dates is enough for most people. Market swings make monthly figures noisy; the yearly trend is what matters.
Is there an in-depth guide to the Net Worth Calculator?
Yes. “How to Calculate Your Net Worth (and What to Compare It With)” covers the background, how it works, common pitfalls and worked examples. Read the full guide.
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