US Net Worth Calculator
Calculate total net worth by adding assets and subtracting liabilities. Track wealth growth over time with investment returns and savings.
Assets
Liabilities
Total Assets
$660,000
Total Liabilities
$315,000
Net Worth
$345,000
Asset Breakdown
Debt Breakdown
What is Net Worth?
Net worth is your total assets minus total liabilities. It represents what you would have left if you sold everything and paid off all debts. Tracking it over time helps you see your financial progress.
Net Worth in One Sentence
Net worth is what you own minus what you owe: assets minus liabilities. Cash, investments, retirement accounts, home equity, vehicles, and valuable possessions on the asset side; mortgage, student loans, credit card debt, auto loans, and personal loans on the liability side. The number itself is less interesting than the trend - a positive trajectory year over year is the real indicator of financial progress.
Median US household net worth in 2022 (latest Survey of Consumer Finances) was $192,700; mean was $1.06 million (the gap reflects the wealth concentration at the top). By age, median is roughly $39k under 35, $135k 35-44, $250k 45-54, $365k 55-64, $410k 65-74.
What Counts and What Does Not
Liquid assets: checking, savings, money market, brokerage accounts. Retirement assets: 401(k), IRA, Roth IRA, pension cash value, HSA. Real estate: market value of home minus mortgage balance. Other: car (Kelley Blue Book value), valuables (jewellery, art, collectibles), business equity (cautiously - illiquid).
Skip the soft items: future inheritance you might receive, expected bonuses, theoretical lifetime earnings. Skip personal property at sentimental value (clothes, basic furniture, kitchenware) - these are roughly 10% of replacement cost in resale terms. Track honestly; inflated net worth numbers feel good but distort planning decisions.
Tracking Net Worth Monthly Beats Daily
Monthly tracking is the right cadence. Daily tracking just amplifies market noise. A net worth that drops 3% in a market wobble looks alarming day-to-day but rounds out over a quarter. The number you want to know is your trend over 12-24 months, not last week's S&P 500 movement.
Apps like Empower (formerly Personal Capital), Monarch, and YNAB pull from accounts automatically and chart it. A spreadsheet works just as well if you prefer privacy - update accounts on the 1st of each month. The act of writing each balance down also forces you to notice slow leaks (creeping credit card balance, cash burn from a freelance dry spell).
Net Worth Milestones and What They Mean
Hitting $100,000 net worth is often called the hardest milestone because compound interest hasn't done much work yet - it's mostly your savings rate doing the lifting. From $100k to $250k usually feels faster (compounding starts contributing). $500k to $1 million can feel as fast as $0 to $250k for the same reason - the compounding wave is properly rolling.
Benchmarks against age are useful but personal: 1x annual salary by 30, 3x by 40, 6x by 50, 8x by 60 is a Fidelity rule for retirement-track. Hitting these means you are on pace for retirement at 65. Falling short does not mean failure; it means adjusting savings rate or working longer. Use the [US 401(k) Calculator](/us-401k-calculator) to project the retirement piece.
Frequently Asked Questions
Should I include my house in net worth?
Include the equity (current market value minus mortgage balance), not the full market value. Some people exclude the primary residence from net worth entirely on the basis that you have to live somewhere - this gives a cleaner 'investable assets' number. Both views have merit; pick one and stay consistent.
What about my pension?
Defined benefit pensions are tricky to value because they pay out monthly for life. The lump-sum equivalent (what you would get if you cashed out, roughly 20-25x annual benefit) gives a comparable asset value. Many people treat pension as a separate income stream rather than a balance sheet asset.
Is being a millionaire still meaningful?
$1 million in 2024 has the buying power of about $400k in 1990. It is still a real milestone - around 12% of US households - but it is no longer 'wealthy' by traditional standards. Coastal cities increasingly need $3-5 million in net worth to feel comfortably retired.
How much should I save to grow net worth?
Aim for 15-20% of gross income going to investments + debt paydown combined. That savings rate, sustained from your 20s onward, typically produces a comfortable retirement at 65 with current market assumptions. Higher savings rates compress the timeline; FIRE adherents often save 40-60% to retire in their 40s-50s.
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