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 & savings | Credit card debt |
| Investment accounts | Student loans |
| Retirement accounts (401k, IRA) | Auto loans |
| Home value | Mortgage balance |
| Vehicle value | Personal loans |
| Other property | Medical debt |
Net Worth by Age Benchmarks
| Age | Median Net Worth | Average 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.