How do you calculate net worth?

Add the current market value of everything you own (cash, investments, retirement accounts, home, other property, vehicles, business equity, valuables) and subtract everything you owe (mortgage, HELOC, car loans, credit cards, student loans and other debts). Example: $575,000 of assets minus $290,000 of debts is a net worth of $285,000.

What is the median net worth by age in the US?

In the Federal Reserve 2022 Survey of Consumer Finances the median family net worth was $39,000 when the head of the family was under 35, $135,600 at 35–44, $247,200 at 45–54, $364,500 at 55–64, $409,900 at 65–74 and $335,600 at 75 or older (2022 dollars). The median for all families was $192,900 and the mean $1,063,700.

Why is average net worth so much higher than the median?

Wealth is concentrated, so a small number of very wealthy families pull the mean up. In the 2022 SCF the mean for ages 45–54 was $975,800, about four times the $247,200 median. The median, the family in the middle, is the better benchmark for a typical household.

What is liquid net worth?

Liquid net worth is the assets you could turn into cash quickly without large penalties (cash, savings and taxable investments) minus your liabilities. This calculator subtracts all liabilities, so it is often negative for homeowners with a mortgage even when total net worth is strongly positive.

Should I include my home as an asset?

Yes. Enter the current market value of your home as an asset and the outstanding mortgage and HELOC balance as a liability; the difference is your home equity. The calculator also shows net worth excluding primary-home equity, a figure some rules, such as the SEC accredited-investor test, use.

Do retirement accounts count as assets?

Yes. Include the current balance of 401(k), 403(b), IRA, Roth IRA and HSA accounts. They are kept separate from taxable investments because early withdrawals can trigger taxes and penalties, so they are not counted as liquid.

What is a good net worth?

There is no universal good-net-worth number. Age, household size, location, pension rights and which assets are included all affect comparisons. The SCF medians by age are a reference point, and a consistent personal snapshot is more useful for tracking change over time.

Is my data sent to any server?

No. All calculations happen entirely in your browser. Nothing you enter is transmitted or stored anywhere outside your device.

Is this the same as a legal net-worth test?

Not necessarily. Loan, tax and securities rules may include or exclude specific assets and debts. For example, the SEC accredited-investor test excludes the primary residence. Use the definition required by the relevant form or authority. This page is educational and not financial advice.

Personal & Family Net Worth Calculator

Net worth = total assets − total liabilities. Enter what you own and owe to get net worth, liquid net worth and home equity, then compare with the Federal Reserve SCF 2022 median and mean for your age group. Educational only, not financial advice.

Net worth = total assets − total liabilities

Choose one scope and use it consistently. For a household snapshot, include assets and debts for every person in that household scope without double-counting joint accounts.

Snapshot scope Age of household head Snapshot date

Assets

Cash & Bank Accounts

Taxable Investments

Retirement (401k, IRA, HSA)

Primary Home (market value)

Other Real Estate

Vehicles

Business Equity

Other Assets (valuables, cash-value life)

Total Assets $0

Liabilities

Home Mortgage & HELOC

Other Property Loans

Car Loans

Credit Card Debt

Student Loans

Other Debts (personal, medical, tax)

Total Liabilities $0

Your Net Worth

Total Net Worth

Enter values to get started

Total Assets $0.00

Home equity (property − mortgage) $0.00

Total Liabilities $0.00

Net Worth $0.00

Liquid assets (cash + taxable investments) $0

Liquid net worth (liquid assets − all debts) $0

Net worth excluding primary-home equity $0

Compared with your age group

Select the age of the household head to compare with the Federal Reserve SCF 2022 median and mean.

Debt-to-asset ratio —

Liabilities ÷ assets; descriptive only, not a credit or underwriting score.

Median and Mean Net Worth by Age (Federal Reserve SCF 2022)

Family net worth by age of the family's reference person, in 2022 dollars. The median is the family in the middle; the mean is pulled up by the wealthiest families.

Age of head	Median	Mean	Mean ÷ median
Under 35	$39,000	$183,500	4.7×
35–44	$135,600	$549,600	4.1×
45–54	$247,200	$975,800	3.9×
55–64	$364,500	$1,566,900	4.3×
65–74	$409,900	$1,794,600	4.4×
75 or older	$335,600	$1,624,100	4.8×
All families	$192,900	$1,063,700	5.5×

Source: Board of Governors of the Federal Reserve System, Changes in U.S. Family Finances from 2019 to 2022: Evidence from the Survey of Consumer Finances (Federal Reserve Bulletin, October 2023), Table 2. In the same table the median for homeowners was $396,200 and for renters $10,400. SCF net worth includes retirement accounts, home equity and business equity but not defined-benefit pensions or Social Security. Educational comparison only, not financial advice.

Summary

How it works

Enter the current market value of each asset: cash, taxable investments, retirement accounts, your home, other real estate, vehicles, business equity and other assets.
Enter the outstanding balance of each debt: home mortgage and HELOC, other property loans, car loans, credit cards, student loans and other debts.
Net worth, liquid net worth, home equity and the debt-to-asset ratio update as you type.
Pick the age of the household head to compare your result with the Federal Reserve SCF 2022 median and mean for that age group.
Use the same scope (personal or household) and valuation method each time you update the snapshot.

Use cases

Creating a personal or household balance-sheet snapshot.
Tracking net worth growth over time by saving a snapshot.
Preparing financial documents for loan applications or mortgage pre-approval.
Setting and measuring progress toward financial independence goals.
Seeing how much of your wealth is liquid versus tied up in a home or retirement accounts.
Comparing a household with the Federal Reserve Survey of Consumer Finances median for the same age group.

Frequently Asked Questions

Last updated: 2026-10-10 · Reviewed by Nham Vu