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Assets • Liabilities • Financial Snapshot
Enter your assets and liabilities to instantly calculate your net worth and see where you stand.
Net Worth Snapshot
See your total assets minus liabilities in one clean number.
Wealth Tier Badge
Find out which net worth tier you fall into — Building to High Net Worth.
Age Comparison
Compare your net worth to the US median for your age group.
Net Worth Total
Your complete financial picture in one number
Assets vs Liabilities
Full breakdown of what you own vs what you owe
Wealth Tier
See where you rank vs US age benchmarks
Growth Projection
Your estimated net worth in 5, 10, 20 years
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See Your Net Worth
Instant calculation with wealth tier comparison
Disclaimer: Results are estimates for educational purposes only and should not be considered financial advice. Consult a licensed financial advisor before making investment, mortgage, or major financial decisions.
Net worth is the single most important number in personal finance — it is your financial scorecard. Unlike income (a flow) or savings (a partial picture), net worth captures everything: what you own minus what you owe. Tracking it monthly reveals whether your financial decisions are building or eroding wealth over time.
Net Worth Formula
Net Worth = Total Assets − Total Liabilities
Assets (+)
Liabilities (−)
Assets: Home $320,000 + 401k $85,000 + Investments $40,000 + Savings $12,000 + Car $18,000 = $475,000
Liabilities: Mortgage $210,000 + Car loan $8,000 + Student loans $22,000 = $240,000
Net Worth = $475,000 − $240,000 = $235,000. Debt-to-asset ratio: 240,000 ÷ 475,000 = 50.5% — moderately leveraged.
Net worth = Total Assets – Total Liabilities. Assets include: bank accounts, investment accounts, retirement accounts (401k, IRA), home value, car value, and other owned property. Liabilities include: mortgage balance, auto loan balance, student loans, credit card debt, personal loans, and any other money owed. Example: $250,000 home + $45,000 401k + $8,000 checking – $180,000 mortgage – $12,000 car loan – $8,000 credit card = $103,000 net worth. Track net worth monthly or quarterly to measure financial progress.
According to the Federal Reserve's Survey of Consumer Finances (2022), US median net worth by age: Under 35: $39,040. Ages 35–44: $135,300. Ages 45–54: $247,200. Ages 55–64: $364,500. Ages 65–74: $409,900. Ages 75+: $335,600. Note: median (middle value) is more meaningful than average because billionaires skew averages dramatically. A commonly cited rule of thumb for wealth building: by age 30, target 1× your annual salary in net worth; by 40, 3×; by 50, 6×; by 60, 8×.
Yes — use your home's current market value minus your remaining mortgage balance. This gives you your home equity, which is part of net worth. However, home equity is illiquid (you cannot spend it without selling or taking a loan), so many financial planners distinguish between "investable net worth" (liquid financial assets minus debt) and total net worth. For retirement planning, investable net worth — money you can actually draw on — is the more relevant figure, since you still need to live somewhere after retirement.
The average (mean) US household net worth was $1,063,700 in 2022 (Federal Reserve SCF data), but this is dramatically skewed by the ultra-wealthy. The median net worth — the actual midpoint — was $192,700. The top 10% hold about 66% of all US wealth. By race/ethnicity: median white non-Hispanic household $284,310; Hispanic household $61,600; Black household $44,890. These disparities reflect historical differences in homeownership rates, inheritance, and access to wealth-building opportunities.
Net worth grows by increasing assets or reducing liabilities. Highest-impact levers ranked: (1) Maximize retirement contributions — 401k/IRA contributions grow tax-advantaged and often with an employer match. (2) Pay off high-interest debt — eliminating 20%+ APR debt is equivalent to a guaranteed 20%+ return. (3) Invest in low-cost index funds — the gap between a 0.03% expense ratio (Vanguard Total Market) and 1%+ actively managed funds costs $200,000+ over 30 years on a $200k portfolio. (4) Increase income — especially by developing high-value skills or switching employers (job-switchers earn 10–20% more than those who stay).
Negative net worth means you owe more than you own — liabilities exceed assets. This is common among young adults with student loans and little savings. The US Census Bureau found that roughly 20% of Americans under 35 have negative net worth. To improve it: (1) Stop taking on new debt. (2) Build a small emergency fund ($1,000–$2,000) so emergencies do not deepen debt. (3) Apply every extra dollar to the highest-interest debt (avalanche method). (4) Track net worth monthly — even small improvements in the right direction compound into major changes over years.
Debt-to-asset ratio = Total Liabilities ÷ Total Assets. Example: $400,000 in assets, $250,000 in liabilities: 250,000 ÷ 400,000 = 62.5% debt-to-asset ratio. A ratio below 50% means more than half of your assets are unencumbered. A ratio above 80% suggests you are heavily leveraged and vulnerable to asset price declines. Most financial advisors consider a debt-to-asset ratio below 36% healthy for a working-age adult. As you approach retirement, aim for 20% or lower.
Wealth thresholds in the US by net worth (approximate): Working class: under $50,000. Middle class: $50,000–$350,000. Upper-middle class: $350,000–$1,000,000. Millionaire: $1,000,000–$5,000,000. High net worth (HNW): $1M+ in investable assets (financial industry definition). Very high net worth: $5M–$30M. Ultra high net worth: $30M+. To be in the top 10% of US net worth, you need approximately $1.9M (2022 data). Top 1%: approximately $11.1M. "Wealthy" is relative — a $2M net worth provides very different lifestyles in rural Iowa vs Manhattan.
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