Net Worth Calculator — Compare With Your Age Group
Add up what you own and what you owe to get your net worth, see your debt-to-asset ratio and liquid assets, and compare your result with the Federal Reserve's median and average net worth for your age.
—
Net Worth by Age — US Families
Federal Reserve Survey of Consumer Finances, 2022 (in 2022 dollars). The median is the middle family; the mean is pulled up by the wealthiest households.
| Age of Head of Family | Median | Mean |
|---|
How this calculator works
- Net worth = total assets − total liabilities.
- Debt-to-asset ratio = total liabilities ÷ total assets — lower means more of what you own is truly yours.
- Liquid assets = cash + non-retirement investments you could access without penalties.
- Expected net worth (rule of thumb) = age × pre-tax household income ÷ 10, from The Millionaire Next Door (Stanley & Danko). The authors call households at twice this figure or more "prodigious accumulators of wealth" and those at half or less "under accumulators".
By Suhaib Hassan · Benchmarks checked against the Federal Reserve Bulletin (October 2023) on 28 Sep 2026 · How CalculatePilot verifies formulas →
A worked example
Using the default figures: assets of $15,000 + $25,000 + $60,000 + $350,000 + $18,000 = $468,000, and liabilities of $240,000 + $12,000 + $18,000 + $4,000 = $274,000, give a net worth of $194,000. That's a debt-to-asset ratio of 59%. For a 38-year-old, the SCF 2022 median for ages 35–44 is $135,600, so this household is above the median for its age group.
Why net worth matters more than income
Income measures cash flow; net worth measures your actual financial position. Someone with a high income but heavy debt and little saved can have a lower net worth than someone with a modest income and steady saving habits. Tracking it over time — quarterly or yearly — shows whether you're moving in the right direction. Home equity and retirement accounts count toward net worth but aren't easy to spend, which is why liquid assets are shown separately.
Sources
- Aladangady A, et al. Changes in U.S. Family Finances from 2019 to 2022: Evidence from the Survey of Consumer Finances. Federal Reserve Bulletin, October 2023 (Table 2).
- Stanley TJ, Danko WD. The Millionaire Next Door. Longstreet Press, 1996.
Frequently asked questions
Should I include my car's value as an asset?
You can include it for a complete picture — use its current resale value, not what you paid. Many people leave depreciating items like vehicles out when tracking wealth-building, since they lose value every year.
How often should I recalculate my net worth?
Many people track it quarterly or annually — often enough to see meaningful trends, but not so often that normal market swings feel misleading.
What is the median net worth in the US?
In the Federal Reserve's 2022 Survey of Consumer Finances, the median US family net worth was $192,900 and the mean was about $1.06 million. The mean is much higher because a small number of very wealthy families pull the average up.
Related Calculators
Grow your net worth.