Question 1

How It Works

Accepted Answer

List all your assets (cash, investments, retirement accounts, property, vehicles) and all your liabilities (mortgages, student loans, credit cards, auto loans, other debts). The calculator subtracts total liabilities from total assets to reveal your net worth, with a breakdown showing which categories contribute the most and where you can improve.

Question 2

What's a good net worth for my age?

Accepted Answer

A commonly cited benchmark is having a net worth equal to your annual salary by age 30, three times your salary by 40, and six times by 50. However, these are rough guidelines. What matters more is that your net worth is trending upward over time. If you're in your 20s or 30s with student debt, a negative net worth is normal and temporary.

Question 3

Should I include my home in my net worth calculation?

Accepted Answer

Yes, include your home's current market value as an asset and your outstanding mortgage as a liability. However, be conservative with the home valuation — use recent comparable sales or a Zillow/Redfin estimate rather than an optimistic guess. Some financial advisors also track 'liquid net worth' (excluding home equity) for a clearer picture of accessible wealth.

Question 4

How often should I calculate my net worth?

Accepted Answer

Track your net worth quarterly or at minimum twice a year. More frequent checks can cause anxiety due to market fluctuations in investment accounts. The goal is to spot trends — is your net worth growing over time? Set a calendar reminder and use consistent methods each time so the comparison is meaningful.

Net Worth Calculator

Assets

Liabilities

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Matthew Collins