📖 Overview
Use this calculator to find your current net worth by subtracting what you owe from what you own.
🧪 Example Scenarios
Use these default and higher-pressure example inputs to explore how sensitive this calculator is before using your real numbers.
| Input | Base Case | Higher Pressure Case |
|---|---|---|
| Total Assets ($) | 320,000 | 368,000 |
| Total Liabilities ($) | 185,000 | 212,750 |
⚙️ How It Works
Calculates net worth by subtracting all liabilities from all assets.
The Formula
Net Worth = Total Assets − Total Liabilities
| Assets | Everything you own with monetary value (home, savings, investments, vehicles) |
| Liabilities | Everything you owe (mortgage, car loans, student loans, credit cards) |
💡A positive net worth means you own more than you owe. A negative net worth is common early in life or career. The goal is consistent growth over time, not a single number.
Quick Reference
| Age (approx.) | US Median Net Worth |
|---|---|
| Under 35 | ~$13,900 |
| 35 – 44 | ~$91,000 |
| 45 – 54 | ~$168,600 |
| 55 – 64 | ~$212,500 |
| 65 – 74 | ~$266,400 |
When To Use This
- Use this tool when you need a fast decision during active planning or execution.
- Use this before committing money, time, or tradeoffs that are hard to reverse.
- Use this to compare options using the same assumptions across scenarios.
Edge Cases To Watch
- Results can be misleading if key inputs are missing, stale, or unrealistic.
- Very small or very large values may amplify rounding effects and interpretation risk.
- If assumptions change mid-decision, recalculate before acting.
Practical Tips
💡 Update your net worth statement at least annually.
💡 Track trend over time, not just the current number.
💡 Include illiquid assets like home equity with realistic valuations.
Frequently Asked Questions
❓ Should I include my home?
Yes — include its current market value as an asset and the outstanding mortgage as a liability.
❓ Is a high income the same as high net worth?
No. High earners with high spending can have low or negative net worth.