MayoCalc / Finance

Net Worth Calculator

Add up everything you own, subtract everything you owe, and see your financial picture.

Last updated April 2026

Assets (What You Own)

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Total Assets
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Liabilities (What You Owe)

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Total Liabilities
$0
Your Net Worth
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Disclaimer: This calculator is for general educational and informational purposes only. It does not constitute financial advice, investment advice, tax advice, or legal advice and is not a substitute for consultation with a qualified professional. No fiduciary or advisory relationship is created by your use of this tool. Results are estimates based on the inputs you provide, standard mathematical formulas, and publicly available data that may not be current and may not reflect your individual financial situation, applicable tax laws, or other relevant factors. Neither MayoCalc nor Cook Media Systems assumes any liability for losses, damages, or other consequences arising from the use of any information or results provided by this tool. Always consult a qualified financial advisor, certified public accountant, or attorney before making financial decisions. See our full Disclaimer and Terms of Service.

What Is Net Worth?

Net worth is the total value of everything you own (assets) minus everything you owe (liabilities). It is the single most comprehensive measure of your financial position. Unlike income, which shows how much money flows in, net worth shows how much wealth you have accumulated over time. A high-income earner who spends everything has a lower net worth than a moderate-income earner who saves and invests consistently.

How to Use This Calculator

List all your assets (home value, savings accounts, retirement accounts, investment accounts, vehicles, and other property) and all your liabilities (mortgage balance, student loans, auto loans, credit card balances, and other debts). The calculator subtracts total liabilities from total assets to show your net worth. You can save and revisit to track changes over time.

What to Include

Assets: Primary residence (current market value), other real estate, checking and savings accounts, 401(k) and IRA balances, brokerage accounts, cash value of life insurance, vehicles (current resale value), business equity, and other valuable property. Liabilities: Mortgage balance, HELOC balance, student loans, auto loans, credit card balances, personal loans, medical debt, and any other money owed.

How You Compare

The median American household net worth is $192,900, according to the Federal Reserve's 2022 Survey of Consumer Finances. For households under 35, the median is $39,000. For ages 55-64, it is $364,500. For a complete age-by-age breakdown with percentile data, see our Average Net Worth by Age data reference page.

Net Worth Calculator FAQ

Is a negative net worth normal?
It is common for young adults, especially those with student loan debt. At the 25th percentile, households under 35 have just $1,900 in net worth. Many have negative net worth when student loans exceed assets. The trajectory matters more than the current number: if your net worth is increasing each year, you are on the right track.
Should I include my home in net worth?
Yes, the standard calculation includes home equity (home value minus mortgage). However, it is also useful to calculate net worth excluding your home to understand your liquid financial position, since home equity is not easily accessible without selling or borrowing. Both numbers are informative.
How often should I check my net worth?
Quarterly is a good cadence. Monthly is fine but expect short-term fluctuations from market movements and timing of bills. The long-term trend matters more than any single snapshot. A consistent upward trend over years indicates healthy financial habits.

Understanding and Growing Net Worth

Net worth is the single best snapshot of your financial health: total assets minus total liabilities. Assets include cash, investments, retirement accounts, real estate equity, vehicle value, and personal property. Liabilities include mortgages, student loans, auto loans, credit card balances, and any other debts. A positive net worth means you own more than you owe; a negative net worth (common among recent graduates with student loans) means debts exceed assets.

The Federal Reserve's Survey of Consumer Finances provides median net worth benchmarks by age: under 35 ($39,000), 35-44 ($135,600), 45-54 ($247,200), 55-64 ($364,500), 65-74 ($410,000), and 75+ ($335,600). These are medians, not averages, which are significantly higher due to wealth concentration at the top. The most reliable net worth builders are consistent retirement contributions, homeownership (with long holding periods), and avoiding high-interest consumer debt. Read our Average Net Worth by Age guide for detailed percentile breakdowns.

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Why Tracking Net Worth Matters

Net worth is the clearest single measure of financial health. Your salary tells you how much money flows in. Your bank balance tells you what's liquid right now. But net worth tells you the full picture: everything you own minus everything you owe. It's the number that actually tracks whether you're building wealth or treading water.

Most financial advisors recommend calculating net worth quarterly. Watching the number over time reveals patterns that individual account balances can't show. A rising income doesn't help if debt is rising faster. A flat savings account doesn't matter if your retirement accounts are compounding in the background. Net worth captures all of it in one number.

This calculator walks you through every asset and liability category so you don't miss anything. It includes items people commonly forget: the cash value of life insurance, vested stock options, HSA balances, money others owe you, and HELOC balances. For context on where you stand relative to others your age, see our guide on average net worth by age.