Net Worth Calculator
A net worth calculator determines your financial health by subtracting total liabilities from total assets. Tracking net worth over time shows whether you're building wealth or losing ground.
Net Worth Formula
Net Worth = Total Assets - Total Liabilities
Assets and Liabilities Categories
| Assets | Liabilities | Cash & savingsCredit card debt Investment accountsStudent loans Retirement accounts (401k, IRA)Auto loans Home valueMortgage balance Vehicle valuePersonal loans Other propertyMedical debt
Net Worth by Age Benchmarks
AgeMedian Net WorthAverage Net Worth Under 35$14,000$76,300 35-44$91,000$436,200 45-54$168,000$833,200 55-64$212,500$1,175,900 | 65-74 | $266,400 | $1,217,700 |
Net Worth Calculator Implementation
``javascript
function calculateNetWorth(assets, liabilities) {
const totalAssets = Object.values(assets).reduce((sum, val) => sum + val, 0);
const totalLiabilities = Object.values(liabilities).reduce((sum, val) => sum + val, 0);
const netWorth = totalAssets - totalLiabilities;
return {
totalAssets,
totalLiabilities,
netWorth,
debtToAssetRatio: ((totalLiabilities / totalAssets) * 100).toFixed(1) + '%'
};
}
const assets = { savings: 25000, retirement: 150000, home: 350000, car: 15000 };
const liabilities = { mortgage: 250000, carLoan: 10000, creditCards: 5000 };
console.log(calculateNetWorth(assets, liabilities));
// { totalAssets: 540000, totalLiabilities: 265000, netWorth: 275000 }
``
Improving Net Worth
Increase assets by saving and investing consistently. Decrease liabilities by paying down debt. Track net worth monthly or quarterly to measure progress toward financial goals.