Net Worth Calculator

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What's your net worth? Input your assets and liabilities into the calculator to find out.

Net Worth Calculator

Boom - that's your net worth. It's a measure of your wealth and overall financial health at a specific point in time. Reviewing this info lets you know if you're spending too much, saving enough and how much you're putting away for retirement.

To get a better idea of where you stand financially, find out how net worth works below.

What is net worth and how do you calculate it?

As a general rule, your net worth is what you own (assets) minus what you owe (liabilities).

Net worth = Assets - Liabilities

Think of it this way: What if you sold everything you owned for cash? If that value is higher than your total debt, then you have a positive net worth. If it's less than your total debt, then you have a negative net worth.

Is 401k included in net worth?
You should include retirement accounts and other investments like 401(k), 403(b), and IRAs into your net worth equation.

Calculating your net worth is helpful because it provides an all-encompassing snapshot of your financial progress. It accounts for your expenses, taxes, debt, and assets - in one single figure. Plus, it can help with loan applications. Lenders will ask you about your net worth before getting approved.

What are assets and liabilities?

Use this quick guide to categorize assets vs liabilities:

Assets - What you own and could sell, if needed

  • Cash
  • Checking accounts
  • Savings accounts
  • Brokerage accounts
  • Retirement savings
  • Real estate
  • Autos
  • Jewelry

Liabilities - Any money you owe to another person or entity

  • Consumer debt (such as credit card balances)
  • Personal loans
  • Student loans
  • Mortgages
  • Auto loans
  • Payday loans

Some items like your house or car can be both assets and liabilities. Larger purchases take longer to pay off. The part you own is an asset and the part you owe is considered a liability.

What is a good net worth by age?

Not sure where you stand amongst your peers? Here's the average net worth by age group:

  • Less than 35 - $76,000
  • 35-44 - $436,200
  • 45-54 - $833,200
  • 55-64 - $1,175,900
  • 65-74 - $1,217,700
  • 75+ - $977,600

Average net worth by 30 and 40
  • By age 30, aim to have half your salary stored in retirement account. So, if you make $100,000 annually then you should have $50,000 in retirement savings

  • By age 40, the goal is to have twice your income in net worth. So if you make $100,000 annually, you should have at least $200,000 in assets.

What's the net worth of the top 1%?

Take a look at the top 1%, 5%, 10%, and 50% in the country.

  • Top 1% of net worth in USA = $10,500,000
  • Top 2% of net worth in USA = $2,400,000
  • Top 5% of net worth in USA = $1,000,000
  • Top 10% of net worth in USA = $830,000

So, what net worth is "rich"?

In a 2020 Charles Schwab survey, participants considered a net worth of $2 million as rich, while $655,000 was found to be "financially comfortable".[1]

How to Improve Your Net Worth

If your net worth isn't where you want it to be, there are few ways to level up your finances:

  1. Pay off your debt - Focus on liabilities with higher interest rates first and then pay off the other lower rate debts. Consider consolidating your debt with a personal loan with a lower APR so you just have one bill to pay every month.

  2. Reduce expenses - If you're a big spender, consider using cash instead of credit card to avoid any debt or high APR.

  3. Find a side hustle - Part-time gigs can help you grow your savings and professional skills. Think about freelancing or starting a small business.

  4. Maximize retirement contributions - Your 401(k) contributions are taken out of your pre-tax paycheck. So, your gross income is reduced and you'll pay less in income taxes.

  5. Track your investments - Free financial tools, like Empower, monitors your net worth, spending, retirement savings and investment performance. It's a great way to manage your money and you'll know your net worth at any time.

Celebrity Net Worths
Here's the net worth of popular figures:
  • Kim Kardashian - $1 billion
  • Charli D'Amelio - $8 million
  • Bill Gates - $130.4 billion
  • Kanye West - $1.8 billion
  • Beyonce - $450 million
  • Elon Musk - $165.7 billion
  • Jeff Bezos - $191 billion
  • Mark Zuckerberg - $114.3 billion

Bottom line

Keep in mind that net worth doesn't tell the whole story. It's a quick and easy way to track your financial progress. But don't be bummed if you're not where you want to be yet.

Use this info to inspire yourself to find a financial plan that gets you closer to your long-term goals. You got this.


Amber Kong is a content specialist at CreditDonkey, a personal finance comparison and reviews website. Write to Amber Kong at Follow us on Twitter and Facebook for our latest posts.

Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.

Empower Personal Wealth, LLC (“EPW”) compensates CREDITDONKEY INC for new leads. CREDITDONKEY INC is not an investment client of Personal Capital Advisors Corporation or Empower Advisory Group, LLC.

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Average Net Worth by Age

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The average American has a net worth of $80,000. Is that enough for retirement? Read on for answers to this and other pressing questions about net worth.
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