Net Worth
Calculator
Add everything you own and everything you owe. Your net worth — assets minus liabilities — is the single most important number in personal finance. See yours in full, with age-based benchmarks and an allocation breakdown.
Why net worth is the number that matters
Income tells you how much you earn. Net worth tells you how much you've kept. Two people earning the same salary can have wildly different net worths based on spending habits, debt management, and investment behaviour. Tracking net worth monthly or quarterly is the clearest signal of whether your financial life is moving in the right direction.
The Fidelity benchmarks explained
Fidelity recommends saving: 1× your salary by 30, 3× by 40, 6× by 50, 8× by 60, and 10× by retirement. These are retirement savings targets, not total net worth targets — home equity and other assets are separate. They assume retiring at 67 with a similar lifestyle. If you plan to retire early or have a higher spending lifestyle, you'll need more.
Should you include your home?
Yes, but carefully. Your home is an asset (market value) and your mortgage is a liability (remaining balance). The difference is home equity — what you actually own. Note that your home isn't truly liquid: selling takes time and costs 5–8% in fees. Many financial planners track net worth both with and without home equity to see their "liquid" position separately.
Negative net worth is normal
The median net worth of Americans under 35 is around $40,000 — and many have negative or near-zero net worth due to student loans and credit card debt. Negative net worth isn't a failure; it's a starting point. The trajectory matters more than the current number. Are your assets growing? Is your debt shrinking? Those trends are what to watch.
Taylor is 35, earns $75,000/year, owns a home, has a car loan, student debt, and some retirement savings. Here's Taylor's full net worth breakdown.
| Asset / Liability | Value | Type |
|---|---|---|
| Home (market value) | $340,000 | Asset |
| 401(k) balance | $58,000 | Asset |
| Savings & checking | $14,000 | Asset |
| Vehicle | $18,000 | Asset |
| Mortgage balance | ($268,000) | Liability |
| Car loan | ($9,500) | Liability |
| Student loans | ($18,000) | Liability |
| Net Worth | $134,500 | Above US median ($60k) |
Taylor is above the US median net worth for age 35. Without the home, liquid net worth is $44,500 — a useful secondary metric to track. The high mortgage-to-home-value ratio (79%) means home equity is still limited.
Track it quarterly — consistently
Net worth only becomes meaningful as a trend over time. Set a reminder to update this calculator every quarter on the same date. Watching the number move — even slowly — is one of the most powerful motivators in personal finance.
Focus on both sides of the equation
Net worth = assets − liabilities. Most people only think about earning more (growing assets). Aggressively paying down high-interest debt is the equivalent of a guaranteed, tax-free investment return at that interest rate. Both levers matter.
Track liquid net worth separately
Home equity is real wealth, but it's not accessible without selling or refinancing. Track your "liquid net worth" (everything except home equity) as a second number. This tells you how financially resilient you actually are in an emergency.
Invest in appreciating assets
Cars, electronics, and most consumer goods depreciate. Real estate (long-term), stocks, and businesses appreciate. Every dollar shifted from depreciating liabilities (expensive car loans) to appreciating assets (index funds) compounds your net worth over time.
Get a clear financial snapshot by listing everything you own and everything you owe.