What is a good net worth by age?

A common benchmark is to have a net worth equal to your annual salary by age 30, 3× by 40, 6× by 50, and 8× by 60. The median net worth by age in the US (2022 Survey of Consumer Finances): Under 35: $39,000, 35-44: $135,600, 45-54: $247,200, 55-64: $364,500, 65-74: $409,900. These are medians — averages are much higher due to wealth concentration at the top.

Should I include my home in my net worth?

Yes, your home is typically your largest asset and should be included at its current market value. However, also include the remaining mortgage balance as a liability. Your home equity (market value minus mortgage) is the net contribution to your net worth. Some financial planners prefer tracking net worth both with and without home equity, since home equity is not easily accessible.

How often should I calculate my net worth?

Track your net worth monthly or quarterly for the best results. Monthly tracking helps you spot trends, stay motivated, and catch issues early. Quarterly is sufficient for most people. Annual tracking is the minimum — many financial advisors recommend at least yearly net worth statements. The key is consistency: pick a frequency and stick with it.

What is a good debt-to-asset ratio?

A debt-to-asset ratio below 50% is generally considered healthy, meaning less than half your assets are financed by debt. Below 30% is excellent. Above 80% signals financial vulnerability. Younger people often have higher ratios due to student loans and mortgages, which naturally decrease as loans are paid off and investments grow.

How can I increase my net worth?

Increase net worth by: 1) Paying off high-interest debt first (credit cards, personal loans), 2) Maximizing retirement contributions to get employer matching, 3) Building an emergency fund, 4) Investing consistently in diversified index funds, 5) Reducing unnecessary expenses, 6) Increasing income through career growth or side income, 7) Avoiding lifestyle inflation when income rises, 8) Refinancing high-interest loans when rates are favorable.

Should I include my car in my net worth?

Yes, include vehicles at their current market value (use Kelley Blue Book or similar tools), and include any auto loans as liabilities. Keep in mind that cars depreciate rapidly — typically 15-25% in the first year and about 60% over five years. This makes vehicles a declining asset, so update their value regularly.

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Net Worth Calculator

Net worth is calculated by subtracting total liabilities from total assets. Assets include cash, investments, retirement accounts, real estate, and vehicles. Liabilities include mortgage, car loans, student loans, and credit cards. A positive net worth means you own more than you owe. Track monthly to measure financial progress.

Calculate your net worth by adding up all your assets (cash, investments, retirement, real estate, vehicles) and subtracting liabilities (mortgage, car loans, student loans, credit cards). Visual breakdown with bar chart, debt-to-asset ratio, and tips to improve your financial health.

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Assets

💰

Cash & Savings

📈

Investments

🏦

Retirement Accounts

🏠

Real Estate

🚗

Vehicles

💎

Other Assets

Total Assets$0.00

Liabilities

🏡

Mortgage

🚙

Car Loans

🎓

Student Loans

💳

Credit Cards

📋

Other Debts

Total Liabilities$0.00

How to Use

Enter your value in the input field
Click the Calculate/Convert button
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Frequently Asked Questions

What is net worth and how is it calculated?: Net worth is the difference between what you own (assets) and what you owe (liabilities). Formula: Net Worth = Total Assets − Total Liabilities. Assets include cash, savings, investments, retirement accounts, real estate, and vehicles. Liabilities include mortgages, car loans, student loans, credit card balances, and other debts. A positive net worth means you own more than you owe.
What is a good net worth by age?: A common benchmark is to have a net worth equal to your annual salary by age 30, 3× by 40, 6× by 50, and 8× by 60. The median net worth by age in the US (2022 Survey of Consumer Finances): Under 35: $39,000, 35-44: $135,600, 45-54: $247,200, 55-64: $364,500, 65-74: $409,900. These are medians — averages are much higher due to wealth concentration at the top.
Should I include my home in my net worth?: Yes, your home is typically your largest asset and should be included at its current market value. However, also include the remaining mortgage balance as a liability. Your home equity (market value minus mortgage) is the net contribution to your net worth. Some financial planners prefer tracking net worth both with and without home equity, since home equity is not easily accessible.
How often should I calculate my net worth?: Track your net worth monthly or quarterly for the best results. Monthly tracking helps you spot trends, stay motivated, and catch issues early. Quarterly is sufficient for most people. Annual tracking is the minimum — many financial advisors recommend at least yearly net worth statements. The key is consistency: pick a frequency and stick with it.
What is a good debt-to-asset ratio?: A debt-to-asset ratio below 50% is generally considered healthy, meaning less than half your assets are financed by debt. Below 30% is excellent. Above 80% signals financial vulnerability. Younger people often have higher ratios due to student loans and mortgages, which naturally decrease as loans are paid off and investments grow.
How can I increase my net worth?: Increase net worth by: 1) Paying off high-interest debt first (credit cards, personal loans), 2) Maximizing retirement contributions to get employer matching, 3) Building an emergency fund, 4) Investing consistently in diversified index funds, 5) Reducing unnecessary expenses, 6) Increasing income through career growth or side income, 7) Avoiding lifestyle inflation when income rises, 8) Refinancing high-interest loans when rates are favorable.
Should I include my car in my net worth?: Yes, include vehicles at their current market value (use Kelley Blue Book or similar tools), and include any auto loans as liabilities. Keep in mind that cars depreciate rapidly — typically 15-25% in the first year and about 60% over five years. This makes vehicles a declining asset, so update their value regularly.