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Net Worth Calculator

Track assets minus liabilities. Compare your net worth to US median wealth by age (2022 Fed SCF data) and the classic "millionaire next door" target.

FINANCE

Calculate your net worth (assets minus liabilities) and compare it to US median wealth by age bracket using the 2022 Federal Reserve Survey of Consumer Finances, plus the classic Stanley and Danko "millionaire next door" target formula.

Captures all major asset categories (cash, savings, retirement, brokerage, home, vehicles, other) and liability categories (mortgage, student loans, credit cards, auto loans, other debt). Computes total net worth, liquid net worth (excluding home and vehicles), comparison vs US median and mean for your age bracket, and a target (age x income / 10) with percentage progress.

Disclaimer: Educational tool only. US benchmarks are 2022 Fed SCF data and may shift with inflation. Use conservative current-market estimates for home and vehicle values, not original purchase prices.
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Calculator information

How to use this calculator

  1. Enter your age and pre-tax annual income (needed for the 'millionaire next door' target formula).
  2. Fill in every asset category: cash, savings, retirement accounts, brokerage, home equity, vehicles, and other (collectibles, business, crypto).
  3. Fill in every liability: mortgage, student loans, credit cards, auto loans, other debt.
  4. Result shows total net worth (assets - liabilities) plus liquid net worth (excluding home and vehicles).
  5. Compare your number to the US median wealth for your age bracket (2022 Fed SCF data) and your 'Millionaire Next Door' target (Stanley & Danko: age x income / 10).
  6. Tip: track net worth monthly. The trend matters more than any single snapshot.

Net Worth and 'Prodigious Accumulator of Wealth' Target

Net Worth = Total Assets - Total Liabilities ; Target = Age x Pre-tax Income / 10
  • Assets: cash, checking, savings, retirement (401k/IRA/Roth), brokerage, home market value, vehicles, business equity, collectibles
  • Liabilities: mortgage balance, student loans, credit card debt, auto loans, personal loans, other debt
  • Liquid Net Worth excludes home and vehicles (illiquid) and their loans
  • Target net worth: Age x Annual Pre-tax Income / 10 (Stanley-Danko 'Prodigious Accumulator' threshold)
  • US median by age (2022 Fed SCF): <35: $39k, 35-44: $135k, 45-54: $247k, 55-64: $365k, 65-74: $410k

Use conservative current-market estimates for home and vehicle values, not original purchase prices. Net worth tracks wealth, not income - high earners with high spending often have negative net worth, while modest earners with high savings rate can quietly accumulate $1M+.

Worked example: 35-Year-Old Engineer in Mid-Career

Given:
  • Age 35, income $85,000
  • Assets: $5k checking, $15k HYSA, $80k retirement, $25k brokerage, $420k home, $18k car
  • Liabilities: $320k mortgage, $22k student loan, $3.5k credit card, $14k auto loan
Steps:
  1. Total assets: $5,000 + $15,000 + $80,000 + $25,000 + $420,000 + $18,000 = $563,000
  2. Total liabilities: $320,000 + $22,000 + $3,500 + $14,000 = $359,500
  3. Net worth: $563,000 - $359,500 = $203,500
  4. Liquid net worth: $5,000 + $15,000 + $80,000 + $25,000 - $3,500 - $22,000 = $99,500
  5. Target (Stanley-Danko): 35 x $85,000 / 10 = $297,500
  6. US median (35-44 bracket): $135,300
  7. Verdict: above US median by $68k, below Stanley-Danko target by $94k. Solid for age, room to grow.

Result: Net worth $203k; liquid $100k. Above US median for the age bracket but 32% below the Stanley-Danko 'Prodigious Accumulator' target.

Frequently asked questions

What is a good net worth by age?
Stanley-Danko target = age x pre-tax income / 10. A 35-year-old earning $85,000 should target $297,500. The 2022 Federal Reserve SCF medians by age: under 35 ~$39k, 35-44 ~$135k, 45-54 ~$247k, 55-64 ~$365k. Means are much higher (the top 1% drags them up by 3-5x). Above the median = top half of your age bracket; above Stanley-Danko = top 25-30%.
Should I include my home in net worth?
Standard net worth includes home value (an asset) minus mortgage balance (a liability) - the net equity. 'Liquid net worth' excludes the home and vehicles since you cannot easily spend them. For retirement planning, watch both numbers: total net worth shows overall wealth, liquid net worth shows what you can actually deploy without selling your house or car.
How do I calculate my net worth accurately?
Pull recent statements for every account in one sitting: checking, savings, all 401(k)s and IRAs (vested balances), brokerage, crypto wallets, HSA, 529s if applicable. For home value, use Zillow's Zestimate or Redfin's estimate as a starting point and discount 5-10% for selling costs. For cars, use Kelley Blue Book private-party value. Liabilities: pull current balances (not original loan amounts) from your loan servicers.
How can I increase my net worth faster?
Two main levers: (1) increase assets - save 15-25% of gross income, invest in low-cost index funds, max tax-advantaged accounts (401k for the employer match, HSA, Roth IRA, then more 401k); (2) reduce liabilities - pay down credit cards aggressively, refinance high-rate debt when rates drop, avoid lifestyle inflation when income rises. The compound math means consistency for 10+ years matters more than any single big move.
How often should I track my net worth?
Monthly is the right cadence for most people: frequent enough to catch trends and stay motivated, infrequent enough to avoid noise from market swings. Set a calendar reminder for the first weekend of every month. Apps like Empower (formerly Personal Capital), Monarch, or a simple spreadsheet all work. Tracking creates accountability - you cannot improve what you do not measure.

Last updated: May 13, 2026

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