How this calculator works
Net worth is assets minus liabilities — everything you own minus everything you owe. The benchmark comparison uses widely-cited planning milestones (roughly 1× income saved by 30, 3× by 40, 6× by 50, 8× by 60, 10× by 67), interpolated to your age and scaled to your income. Your savings capacity (income minus spending) shows the yearly fuel available to move the number.
Example calculation
$310,000 of assets and $118,000 of liabilities gives a net worth of $192,000 — about 2.0× a $95,000 income. At 35, the interpolated benchmark is about $190,000 (1× by 30, 3× by 40), so this example sits right on the marker.
Common mistakes to avoid
- Comparing your net worth to someone else's gross income multiple — benchmarks assume steadily rising income from your 20s.
- Forgetting that a home is both an asset and (via the mortgage) a liability; including one without the other skews the picture.
- Obsessing over month-to-month moves — market swings routinely move a portfolio more than a year of saving.
Assumptions and limitations
Totals only — nothing is itemized, connected, or transmitted. Benchmarks are population-level rules of thumb that ignore homeownership, student debt, regional cost of living, and career changes; treat them as markers, not grades.
Frequently asked questions
What is a good net worth for my age?
Common benchmarks put retirement savings at roughly 1× your salary by 30, 3× by 40, 6× by 50, 8× by 60, and 10× by 67. Net worth (all assets minus all debts) runs higher for homeowners. The benchmarks are population-level markers — a late start, graduate school, or a high-cost region can make them misleading; the trend in your own number matters more.
How do I calculate my net worth?
Add everything you own that has resale value — cash, investments, retirement accounts, real estate, vehicles at realistic private-sale prices — then subtract every debt: mortgage balance, student loans, car loans, credit cards. The result is your net worth. Update it on the same day each quarter for a comparable series; month-to-month moves are mostly market noise.
Should my house count in my net worth?
Yes — at market value, minus the mortgage balance, which also counts as a liability. Some planners track 'investable net worth' separately (excluding home equity) for retirement math, because you can't spend a house without borrowing against it or selling. This calculator keeps it simple: everything you own minus everything you owe.