Net Worth Calculator

The one number that tells the truth Net worth = **everything you own minus everything you owe**. Income shows what flows through your hands; net worth shows what you actually kept. A high earner who spends it all can have a lower net worth than a modest saver — which is why this, not salary, is the real scoreboard. For context, the **U.S. median net worth is about $192,700** while the **average is $1.06 million** (the gap shows how the ultra-wealthy skew the average).

Assets minus liabilities **Assets** are cash, investments and retirement accounts, your home's market value, vehicles, and other valuables. **Liabilities** are your mortgage, car loans, credit cards, student loans, and other debts. Subtract one from the other and you have your number — which this tool updates live as you type.

Negative is a normal starting line A new grad with student loans often owes more than they own, and that's fine — it's a starting line, not a failure. The goal is to watch the number climb. If you're negative, build a small emergency fund and attack high-interest debt first; both reliably reverse the trend.

How home equity counts Your home counts as an asset at market value; the remaining mortgage is a liability. The difference is **home equity**, a legitimate part of net worth. Because it's illiquid, some people also track **liquid net worth** (excluding their home) to see what they could actually access.

What's a "good" number? It's personal, but benchmarks help. The Federal Reserve puts the **median net worth around $321,000** for Americans in their late 50s. The milestones in this tool — your first $10K, then **$100K** — matter because the early ones are hardest: at low balances your savings drive all the growth; later, investment returns take over and the number compounds on its own.

How to grow it Two levers, working together: **increase assets** (save consistently, invest for the long term) and **decrease liabilities** (pay down high-interest debt). Avoiding lifestyle inflation — spending more every time you earn more — is what turns a rising income into rising net worth. Check it **quarterly** and watch the trend, not the daily wiggles.