Net Worth Calculator

Net worth = Total Assets − Total Liabilities. Assets include everything you own that has monetary value: cash, investments, retirement accounts, real estate, vehicles, and personal property. Liabilities are everything you owe: mortgage, car loans, student loans, credit card balances, and other debts. A positive net worth means assets exceed debts. A negative net worth (common in early adulthood) means debts exceed assets. Net worth is the most comprehensive single measure of your overall financial health.

Common benchmarks by age (median US household, Federal Reserve 2022): Under 35: ~$39,000. 35–44: ~$135,000. 45–54: ~$247,000. 55–64: ~$364,000. 65–74: ~$410,000. These are medians — half of people are below, half above. Note that average (mean) net worth is much higher because a small number of ultra-wealthy households skew the average: the average for 65–74 year olds is ~$1.8M. Aim to increase your net worth by at least 10% per year through saving, investing, and debt paydown.

Yes, include your home's current market value in assets and subtract your remaining mortgage balance in liabilities. The net equity (home value minus mortgage) is part of your net worth. However, many financial advisors distinguish between 'liquid net worth' (assets you can access quickly: cash, investments, retirement accounts) and 'total net worth' (which includes illiquid assets like your home). Liquid net worth is a better measure of short-term financial security, while total net worth is better for long-term wealth tracking.

Most financial advisors recommend tracking net worth quarterly or annually. Monthly tracking is valuable if you're actively paying down debt or building savings, as it provides immediate feedback on progress. Annual tracking (at the same time each year) is sufficient for general financial health monitoring. Many people use net worth tracking apps or spreadsheets to automate the process. The Brite app can help you set and track financial goals tied to your net worth growth targets.

Yes — negative net worth (also called 'being insolvent') means you owe more than you own. This is very common for young adults with student loans and car payments but limited savings and investments. The median net worth for Americans under 35 is approximately $39,000, reflecting that many in this age group are starting from a negative position. Negative net worth is not a crisis — it's a starting point. Prioritize eliminating high-interest debt (credit cards, personal loans) first, as these drain wealth fastest.