Net Worth Calculator

Understanding Net Worth

Net worth is the value of all your assets minus your liabilities. It's a snapshot of your financial health at a specific point in time and a key indicator of your overall wealth.

Why Net Worth Matters

• Financial Health Indicator: Shows your overall financial position
• Progress Tracking: Monitor your wealth growth over time
• Goal Setting: Set and track financial goals
• Retirement Planning: Understand if you're on track for retirement

How to Increase Your Net Worth

• Increase your income through career advancement or side hustles
• Reduce and eliminate high-interest debt
• Invest regularly in diversified assets
• Build an emergency fund
• Maximize retirement account contributions
• Control spending and live below your means

Net Worth Benchmarks by Age

• 20s: Building foundation, often negative due to student loans
• 30s: $50,000 - $150,000 average
• 40s: $150,000 - $500,000 average
• 50s: $500,000 - $1,000,000 average
• 60s+: $1,000,000+ for comfortable retirement

Note: These are general benchmarks. Your ideal net worth depends on your personal circumstances, location, and financial goals.