Add your assets and liabilities for an instant net worth calculation, debt-to-asset ratio, and visual breakdown. Your data never leaves this browser tab.
| Age Group | Median Net Worth (Fed Reserve 2022) | Simple Target |
|---|---|---|
| Under 35 | $39,000 | 0.5× annual salary |
| 35–44 | $135,600 | 2× annual salary |
| 45–54 | $247,200 | 4× annual salary |
| 55–64 | $364,500 | 6× annual salary |
| 65–74 | $409,900 | 8× annual salary |
| 75+ | $335,600 | Retirement-phase drawdown |
Net worth is calculated by subtracting your total liabilities (debts) from your total assets (everything you own of value): Net Worth = Total Assets − Total Liabilities. Assets include cash and bank balances, investments (stocks, bonds, mutual funds, ETFs, retirement accounts), real estate (market value of property you own), vehicles (current market value, not purchase price), and other valuables (jewelry, collectibles, business equity). Liabilities include mortgage balance outstanding, car loans, student loans, credit card balances, personal loans, and any other debt. If your assets exceed your liabilities, you have a positive net worth. If your debts exceed your assets, you have a negative net worth — common in early adulthood due to student loans.
According to Federal Reserve data (2022 Survey of Consumer Finances, the most recent), median US net worth by age group: Under 35: $39,000. Ages 35-44: $135,600. Ages 45-54: $247,200. Ages 55-64: $364,500. Ages 65-74: $409,900. Ages 75+: $335,600. Mean (average) net worth is much higher due to wealth concentration at the top — median is more representative. A commonly cited target is to have 1x your annual salary saved by age 30, 3x by 40, 6x by 50, and 8x by 60 (per Fidelity's milestones). If you're behind these benchmarks, the most powerful levers are increasing income, reducing lifestyle inflation, and investing consistently in tax-advantaged accounts.
Yes — your home's current market value should be listed as an asset, and your remaining mortgage balance as a liability. The difference (home equity) is what contributes to your net worth. For example, if your home is worth $350,000 and you owe $220,000 on the mortgage, your home equity is $130,000. Use tools like Zillow, Redfin, or a recent appraisal to estimate market value — the assessed tax value is often different and not reliable for this purpose. Home equity typically grows over time through mortgage paydown and home price appreciation. Some financial advisors distinguish between 'investable net worth' (liquid assets only) and total net worth when discussing retirement readiness, since home equity generally isn't income-producing.
The debt-to-asset ratio (total liabilities ÷ total assets) measures how much of your assets are financed by debt. A lower ratio is generally better. General benchmarks: below 30% — excellent financial position, manageable debt load; 30-50% — healthy range for most households carrying a mortgage; 50-70% — significant debt load, worth aggressively paying down; above 70% — financially stressed, limited flexibility; 100%+ — negative net worth. For young adults and first-time homeowners, a high ratio (often 70-90%) is common and normal — it reduces naturally as you pay down the mortgage and build investments over time. High-interest debt (credit cards, personal loans) at any ratio deserves immediate attention over the mortgage, which is typically lower-rate and tax-advantaged.
Yes — include your retirement accounts (401k, 403b, IRA, Roth IRA, pension value) in your net worth calculation at their current balance. However, be aware that traditional 401k and IRA balances are pre-tax — your eventual tax bill reduces the real value. A traditional $200,000 401k is effectively worth $140,000-$160,000 after expected taxes on withdrawal. Some people calculate both a gross net worth (including pre-tax balances at face value) and an after-tax net worth (applying an estimated tax discount to pre-tax accounts) for a more conservative and accurate picture. Roth IRA and Roth 401k balances are tax-free in retirement, so include them at full value.
Most financial advisors recommend calculating your net worth quarterly or annually — often aligned with tax season or a birthday. Checking too frequently (weekly or monthly) can lead to anxiety over market fluctuations that cancel out over time. Annual checks are useful for measuring long-term progress. Quarter-annual checks (every 3 months) let you catch significant drifts in spending or debt and adjust. During periods of active debt paydown or wealth accumulation, more frequent checks can be motivating. The single most important habit is consistency — use the same methodology and date each time so you're comparing apples to apples.
Enter current values for each asset and liability. Use current market values — not original purchase prices — for real estate and vehicles. For retirement accounts (401k, IRA), use the current balance shown in your account portal. Everything updates in real time as you type.
Cash and bank balances, investment and brokerage accounts (at current value), retirement accounts (401k, IRA, Roth), real estate (market value — use Zillow or Redfin), vehicles (current market value — use Kelley Blue Book), and any other significant valuables (equity in a business, collectibles with verifiable market value).
Outstanding mortgage balance (not the original loan amount — your current balance from your last statement), car loan balance, student loan balances (all servicers combined), credit card balances you carry month-to-month, personal loans, and any other debts where you owe money.
Income is a flow — it comes and goes. Net worth is a stock — it accumulates over time. Two people with the same income can have vastly different net worths based on spending habits, investment behavior, and debt management. Tracking your net worth quarterly or annually is one of the most effective ways to observe your financial progress and stay motivated.