Net Worth Calculator
Add up everything you own, subtract everything you owe, and get your net worth. Enter quick totals per category or itemize line by line, then see where your number lands with the net worth percentile calculator.
Track your net worth every month, automatically.
Connect your accounts and watch your number compound. Bonsave handles the math.
What is net worth?
Net worth is the single most useful number in personal finance. It is everything you own (cash, investments, home equity, vehicles, business equity) minus everything you owe (credit cards, student loans, auto loans, mortgages). One figure captures your entire financial position. Income tells you how much you make, but net worth tells you how much you have actually kept. Two people with identical salaries can have wildly different net worths based on how much they save and what they choose to spend on. One caveat worth knowing: the total counts everything at face value, including home equity you cannot easily spend. To see how much of your number could actually be cash within days, read what is liquid net worth or use the liquid net worth calculator.
How do you figure out your net worth?
One subtraction. Everything you own minus everything you owe:
net worth = total assets - total liabilitiesWork it in four steps. List every asset at its current market value. List every debt at its remaining balance. Total each column. Subtract the second from the first.
A worked example. Say you have $12,000 in checking and savings, $48,000 in a 401(k), $19,000 in a brokerage account, a house worth $410,000, and a car worth $21,000. That is $510,000 of assets. Against it you owe $296,000 of mortgage principal, $22,000 on the car, $14,000 in student loans, and $3,000 on a credit card, so $335,000 of liabilities. Your net worth is $175,000. The calculator above does the same arithmetic, either as a quick two-box total or line by line.
Use market value, not what you paid
This is where most hand-calculated net worth numbers go wrong. The car you bought for $38,000 four years ago is an asset worth whatever someone would pay for it today, which is probably closer to $21,000. The same rule cuts the other way on a house in a market that has run up. And on the debt side, what belongs in the column is the principal still outstanding, not the original loan amount and not the monthly payment. Pull the current balance off each statement rather than working from memory. A number built on purchase prices is a number you cannot compare to anything, including your own figure from last year.
Is my net worth good for my age?
The honest answer needs a comparison, not a gut check. Median US household net worth is about $192,000, but the median for households under 35 is $39,000 and for ages 65 to 74 it is $409,900. The same dollar figure can be excellent at 30 and mediocre at 60, so the only benchmark worth much is your own age bracket. To see exactly where your number lands, both against all US households and within your bracket, use the net worth percentile calculator. For the full median and percentile tables at every age, read average net worth by age.
What counts as an asset?
Anything with real, marketable value. The standard list:
- Cash and equivalents: checking accounts, savings, money market, CDs.
- Investments: brokerage accounts, individual stocks, bonds, mutual funds, ETFs.
- Retirement accounts: 401(k), 403(b), traditional IRA, Roth IRA, HSA, pensions you can value.
- Real estate: home equity (market value minus mortgage), rental properties.
- Vehicles: market value (Kelly Blue Book or similar), not what you paid.
- Business equity: ownership stake in a business at a defensible valuation.
- Collectibles and other: art, jewelry, crypto, anything else with a real market.
What counts as a liability?
Every dollar you owe to someone else.
- Credit card balances (the full amount, not just the minimum due).
- Student loans, federal and private.
- Auto loans.
- Mortgage principal remaining (the unpaid balance, not the original loan).
- Personal loans, lines of credit, BNPL balances, family loans you intend to repay.
- Tax debts and other money owed.
How to grow your net worth
The math is simple even if the execution is hard. Net worth grows when you earn more than you spend and invest the difference. Three high-leverage moves: raise your savings rate (the percentage of income you keep), invest in tax-advantaged accounts and low-cost index funds, and eliminate high-interest debt as fast as you can. The compounding effect is what makes the long view powerful. A 25 year old who invests $500 a month at 7 percent real returns has roughly $1.2 million by 65. The same person starting at 35 ends up with about $570,000. The cost of waiting is enormous, and the cost of starting is small.
Why tracking matters more than calculating
Calculating your net worth once tells you where you are. Tracking it monthly tells you where you are going. The trend line is what actually matters. A single high or low number is meaningless without context. Over six months, the slope tells you whether your decisions are working. People who track their net worth consistently end up wealthier on average than people with similar incomes who do not, because measurement creates attention, and attention creates behavior change. That is the entire pitch for Bonsave: connect your accounts, get your number updated automatically, watch the trend.
Frequently asked questions
What is net worth and how do you calculate it?
Net worth is everything you own (assets) minus everything you owe (liabilities). Add up cash, investments, retirement accounts, home equity, vehicles, and any business or collectible value, then subtract credit card balances, student loans, auto loans, and any other debts. The result is your net worth. It is the single best snapshot of your financial position because it reflects both what you have built and what you still owe.
What is a good net worth by age?
A common benchmark is to have one times your annual salary saved by age 30, three times by 40, six times by 50, eight times by 60, and ten times by 67. The Federal Reserve's 2022 Survey of Consumer Finances reports a median net worth of $39,000 for households under 35, $135,600 for ages 35 to 44, $247,200 for ages 45 to 54, $364,500 for ages 55 to 64, and $409,900 for ages 65 to 74. These medians include home equity and retirement accounts.
Should home equity be included in net worth?
Yes. Standard net worth definitions include home equity (your home's market value minus the outstanding mortgage). That said, many people also track a liquid net worth figure that excludes home equity, since you cannot easily spend it. Both numbers are useful. The full net worth tells you your wealth position; liquid net worth tells you how much you could deploy in an emergency or use to retire.
How do you figure out your net worth step by step?
Four steps. First, list every asset and its current market value: cash, brokerage and retirement accounts, home, vehicles, business equity. Second, list every debt and its remaining balance: mortgage principal, student loans, auto loans, credit cards. Third, total each column. Fourth, subtract total liabilities from total assets. A household with $310,000 in assets and $185,000 in debts has a net worth of $125,000. Use current market values, not what you paid.
How do I know how much my net worth is if I have a mortgage?
Count the home at its current market value on the asset side and the remaining mortgage principal on the liability side. Do not use the original loan amount, and do not net the two into a single home equity line if you are also listing the house. A $520,000 home with $310,000 of mortgage principal left contributes $210,000 to net worth either way, as long as you count each side once.
Why is the average net worth so much higher than the median?
Because net worth is heavily skewed by a small number of very wealthy households. The median (the middle household) is a far better measure of typical wealth. For example, the mean US household net worth in 2022 was over $1 million, but the median was only $192,700. Always compare yourself to the median, not the mean.
How can I increase my net worth?
Three levers move the number. First, raise your savings rate (the gap between income and spending). Second, invest the surplus in tax-advantaged accounts (401(k), IRA, HSA) and low-cost index funds. Third, pay down high-interest debt aggressively, since avoiding a 20 percent credit card rate is mathematically equivalent to earning a 20 percent investment return. Track your net worth monthly so you can see the trend and stay motivated.