Net worth is the most fundamental measure of your financial health—everything you own minus everything you owe. Tracking it regularly reveals your wealth-building trajectory. Our calculator organizes all your assets and liabilities into categories, computes your net worth, and tracks progress over time.
According to the Federal Reserve's Survey of Consumer Finances, median US net worth is roughly: under 35: $39,000; 35–44: $135,000; 45–54: $247,000; 55–64: $364,000; 65–74: $410,000. Mean values are much higher due to wealthy households skewing averages.
Assets include: bank accounts, investment accounts, retirement accounts (401k, IRA), real estate (market value), vehicles (current value), business equity, and other valuables. Liabilities include: mortgage balance, auto loans, student loans, personal loans, and credit card balances.
Yes, include your home's current market value as an asset and your mortgage balance as a liability. The equity (value minus balance) adds to net worth. Note that home equity is illiquid—you cannot easily spend it without selling or taking a home equity loan.
Quarterly or semi-annual tracking is ideal for most people. Annual reviews capture meaningful progress. Monthly tracking can be motivating but may cause anxiety over short-term market fluctuations in investment accounts.
A common target: by age 30, one times your annual salary; by 40, three times; by 50, six times; by 60, eight times. But individual circumstances (late start, low-cost lifestyle, inheritance) vary widely—the most important metric is whether your trend is consistently increasing.
Yes, but cautiously. List your car at its current resale value (Kelley Blue Book). New cars depreciate 15–25% in year one. If you owe more on the loan than the car is worth, that negative equity reduces your net worth. Expensive new vehicles often hurt more than they help.
Authoritative Sources
Federal Reserve Survey of Consumer Finances ↗CFPB Financial Wellbeing Scale ↗