Net Worth Calculator

Net worth = Total Assets - Total Liabilities. It is the most comprehensive snapshot of your financial health. Positive net worth means you own more than you owe. Tracking it over time shows whether your financial position is improving.

US median net worth is ~$192,700 (2022 Federal Reserve SCF). Mean net worth is ~$1.06 million, heavily skewed by the ultra-wealthy. Median is more representative. At age 35, median net worth is ~$76k; at 55-64, ~$364k.

Two levers: increase assets (invest, save, appreciate real estate) and decrease liabilities (pay off debt). Investing consistently over time has the biggest impact due to compounding. Eliminating high-interest debt also rapidly improves net worth.

Yes. Home equity (market value minus mortgage balance) is an asset. However, it is illiquid — you cannot easily spend it. Some financial planners separate liquid net worth (excludes home) from total net worth for this reason.

Rough benchmark: net worth = Annual Income x Age / 10 (from The Millionaire Next Door). At 35 with $70k income: target ~$245k. This varies enormously by income, cost of living, and career stage. Focus on trajectory (improving year over year) more than absolute numbers.