Net Worth Calculator — Calculate Your Total Net Worth [2026]

A common benchmark is net worth = annual salary × age ÷ 10 (the "millionaire next door" formula). By age 30: ~$100K. By 40: ~$300K–$500K. By 50: ~$600K–$1M. By 60: ~$1M–$2M. However, these are averages — median US net worth is much lower: ~$76K for under-35, ~$302K for 45–54, ~$833K for 65–74. What matters most is consistent growth year-over-year.

Yes, include your home equity (current market value minus remaining mortgage balance). If your home is worth $350,000 and you owe $200,000, your home equity is $150,000. Your home is typically your largest asset. Note that home equity is illiquid — you can't easily access it without selling or taking a home equity loan. Some financial advisors track "liquid net worth" separately (excluding home equity).

According to the Federal Reserve's 2022 Survey of Consumer Finances: Mean net worth: $1,063,700 (pulled up by the ultra-wealthy). Median net worth: $192,700 (more representative of typical Americans). By age group, median net worth ranges from $39,000 (under 35) to $409,900 (65–74). Note that the mean is much higher than the median because the top 1% hold enormous wealth.

Net worth grows by: 1) Increasing assets — invest consistently, grow emergency fund, buy appreciating assets. 2) Reducing liabilities — pay down high-interest debt, avoid new debt. 3) Growing income — higher income means more to save and invest. The most powerful factor is compound growth — money invested early grows exponentially. Paying off a 20% APR credit card is equivalent to a guaranteed 20% return on investment.

Assets include: cash and bank accounts, investment accounts (brokerage, 401k, IRA, Roth), real estate (market value of home, rental properties), business ownership (equity value), vehicles (current market value, not purchase price), collectibles/jewelry/art (appraised value), life insurance cash value, HSA/FSA balances, and any money owed to you. Depreciated or worthless items should be excluded.

Yes, include your full 401k and IRA balances in your net worth calculation. Some people exclude them because they're inaccessible until 59½, but they are real assets. For a more conservative "accessible net worth," you could discount retirement accounts by your expected tax rate (e.g., a traditional 401k worth $100K might yield $75K after taxes at withdrawal). Roth accounts are worth their full value since withdrawals are tax-free.