Net Worth Calculator: Find Your Net Worth - NerdWallet

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Net worth is assets minus liabilities. Or, you can think of net worth as everything you own less all that you owe. Find your net worth by using our net worth calculator.
Calculating your net worth requires you to take an inventory of what you own, as well as your outstanding debt. And when we say own, we include assets that you may still be paying for, such as a car or a house.
For example, if you have a mortgage on a house with a market value of $200,000 and the balance on your loan is $150,000, you can add $50,000 to your net worth.
Basically, the formula is:
ASSETS – LIABILITIES = NET WORTH
And by the way, your income is not included in a net worth calculation. A person can bring home a big paycheck but have a low net worth if they spend most of their money. On the other hand, even people with modest incomes can accumulate significant wealth and a high net worth if they buy appreciating assets and are prudent savers.

what is net worth


All of your retirement accounts are included as assets in your net worth calculation. That includes 401(k)s, IRAs and taxable savings accounts.
If you’re not sure what assets and liabilities are, here are some guidelines:
AssetsAssets include cash — such as in your checking, savings and retirement accounts — and items such as cars, property and investments that you could sell for cash. These are often referred to as liquid assets.
Some fixed assets can count toward your net worth calculation, too, provided you can or would sell them if needed. For example, your home would count toward your net worth if you’re willing to use it for a home equity line of credit or sell it should the need arise.
Liabilities: Any money you owe to another person or entity falls under this category. That includes revolving consumer debts — such as credit card balances — as well as personal, auto, payday and title loan balances. If you’re using your home as an asset, its mortgage counts as a liability as well.
See more financial calculators from NerdWallet and consult our personal finance guide.
The Federal Reserve releases its Survey of Consumer Finances every three years — the most recent report was issued in September 2020 with data from a survey fielded in 2019. Here’s how net worth stacks up by income, age, family size and education, and how it has changed since 2016.
Income tier
2016
2019
Change 2016-2019
Less than $20,000
$7,100
$9,800
37%
$20,000 to $39,900
$31,500
$44,000
40%
$40,000 to $59,900
$94,200
$92,900
-1%
$60,000 to $79,900
$181,500
$199,100
10%
$80,000 to $89,900
$421,700
$382,300
-9%
$90,000 to $100,000
$1,732,300
$1,589,300
-8%
All families
$103,500
$121,700
18%
Age tier
2016
2019
Change 2016-2019
Less than 35
$11,700
$13,900
19%
35–44
$63,600
$91,300
44%
45–54
$132,100
$168,600
28%
55–64
$199,200
$212,500
7%
65–74
$237,600
$266,400
12%
75 or more
$281,600
$254,800
-10%
All families
$103,500
$121,700
18%
Race or ethnicity
2016
2019
Change 2016-2019
White non-Hispanic
$181,900
$188,200
3%
Black or African American non-Hispanic
$18,200
$24,100
33%
Hispanic or Latino
$21,900
$36,200
65%
Other or multiple race
$68,800
$74,500
8%
All families
$103,500
$121,700
18%
Education
2016
2019
Change 2016-2019
No high school diploma
$24,300
$20,500
-16%
High school diploma
$71,300
$74,000
4%
Some college
$70,200
$88,800
26%
College degree
$310,700
$308,200
-1%
All families
$103,500
$121,700
18%
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About the authors: Max Ramirez is a former consumer-finance writer for NerdWallet. Their work has also appeared in USA Today and MarketWatch. Read more
Hal Bundrick is a personal finance writer and a NerdWallet authority in money matters. He is a certified financial planner and former financial advisor. Read more
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