Your Age
💰 Assets (What You Own)
📉 Liabilities (What You Owe)
Frequently Asked Questions
Net worth is the total value of everything you own (assets) minus everything you owe (liabilities). The formula is simple: Net Worth = Total Assets - Total Liabilities. Assets include cash, investments, retirement accounts, real estate, and vehicles. Liabilities include mortgages, student loans, auto loans, credit card debt, and other debts.
Your net worth percentile shows how your wealth compares to others in your age group. For example, if you're in the 75th percentile, you have more wealth than 75% of people your age. We use data from the Federal Reserve's Survey of Consumer Finances, the most comprehensive study of American household wealth.
According to Federal Reserve data, median net worth by age group is: Under 35: $39,000 | 35-44: $135,600 | 45-54: $247,200 | 55-64: $364,500 | 65-74: $409,900 | 75+: $335,600. Note: averages are much higher due to extremely wealthy individuals skewing the data.
Yes, your home should be included. Enter the current market value of your home under "Real Estate Value" and your remaining mortgage balance under "Mortgage Balance." The difference (your home equity) will be factored into your net worth. This is how the Federal Reserve calculates household wealth.
Having a negative net worth isn't uncommon, especially for young adults with student loans or those who recently bought a home. Many people under 35 have negative or near-zero net worth. What matters is the trajectory—are you paying down debt and building assets over time? Focus on increasing income, reducing high-interest debt, and building an emergency fund.
The two ways to increase net worth are: 1) Grow your assets by saving more, investing consistently, and maximizing retirement contributions. 2) Reduce your liabilities by paying off high-interest debt first (credit cards), then working on student loans and mortgages. Even small monthly improvements compound significantly over time.