Net Worth Calculator

What Is Net Worth and Why Does It Matter?

Net worth is the single most important number in personal finance. It's simple: add up everything you own (assets) and subtract everything you owe (liabilities). The result is your net worth — a snapshot of your financial health at any given moment.

Unlike income, which only shows what you earn, net worth shows what you've kept and built. A person earning $200,000/year with $300,000 in debt has a worse financial position than someone earning $50,000/year with $100,000 in savings. Tracking net worth over time is the most honest measure of financial progress.

What Counts as an Asset?

Assets include everything of value that you own: cash in checking and savings accounts, retirement accounts (401(k), IRA, RRSP, TFSA), investment portfolios, real estate (your home's current market value), vehicles, business equity, and valuable personal property. In the US and Canada, retirement accounts are some of the most powerful wealth-building tools available thanks to tax advantages.

What Counts as a Liability?

Liabilities are any debts you owe: mortgage balance, auto loans, student loans, credit card balances, personal loans, medical debt, and any other outstanding obligations. The goal over time is to grow your assets faster than your liabilities — ideally eliminating high-interest debt entirely.

Net Worth Benchmarks by Age

According to the Federal Reserve's Survey of Consumer Finances, the median net worth in the US by age group is approximately: Under 35: $39,000 | 35-44: $135,000 | 45-54: $247,000 | 55-64: $364,000 | 65-74: $409,000. In Canada, similar trends apply with median net worths tracked by Statistics Canada. Don't compare yourself to averages — focus on your trajectory.

Use the calculator above to track your net worth today, then come back monthly or quarterly to see how it changes. Upward progress — even slow progress — is what matters.