Net Worth Calculator

How does Titan’s net worth calculator work?

Titan’s net worth calculator allows you to determine how much you would have if you sold all your assets and paid all your debts. You’ll input the following information about your assets and liabilities.

Assets

• Checking accounts. Total the balances of all of your checking accounts.

• Savings accounts. Total the balances of all your savings accounts.

• Retirement accounts. Total the balances of all your retirement accounts, including 401(k)s and IRAs.

• Real estate. Use a tool like Zillow’s “Zestimate” to estimate the value of your home, or reference a comparable home that recently sold in your neighborhood.

• Automobiles. Use a tool like Kelly Blue Book to estimate the value of your car(s).

• Securities. Total the current value of all the securities you own—stocks, crypto, bonds, and the like. If you own unregistered securities or employee stock options, you may estimate the value based on the company’s current valuation. But keep in mind that these may not be liquid.

• Other assets. If you own other valuable assets such as fine art, jewelry, or collectibles, consult with an appraiser to estimate their value.

Liabilities

• Auto loans. Take the current balance of any auto loan(s) you may have.

• Credit card debt. Total the balances of all your credit cards.

• Mortgages. Take the current balance of any mortgage(s) you may have.

• Student loans. Take the current balance of any student loan(s) you may have.

• Personal loans. Take the current balance of any personal loan(s) you may have.

• Other debt. If you have other debts, like a loan from a family member or a big tax bill you know you have coming up, include that here.

• Other assets. If you own other valuable assets such as fine art, jewelry, or collectibles, consult with an appraiser to estimate their value.

What is net worth, how is it calculated?

Net worth is what you own (your assets) minus what you owe (your liabilities). It’s calculated by subtracting liabilities from assets. Here’s the formula:

Net worth = assets - liabilities

What is an asset and liability and how can one be both?

An asset is something you own that holds economic value, and which you expect to provide some sort of benefit in the future. A liability is when you owe something to another person or entity, like a bank. Cash is an example of an asset, while a credit card balance is an example of a liability.

Homes and automobiles are two common types of assets that can also be liabilities. That’s because they’re often purchased using debt. Homes, for example, and typically financed through a mortgage loan. The value of the home is an asset, but the amount owed on the mortgage is a liability.

What are the net worth averages according to the Federal Reserve by age?

The Federal Reserve conducts a survey of consumer finances every year to understand the average (mean) and median net worths of Americans in different age groups. These benchmarks could give you a sense of how your net worth compares to the average among people your age.

The survey found that average net worth increases as individuals get older—and have more time to accumulate assets—until age 75, when retirees have been living off their savings. As of 2019, the average net worth of those age 35 and younger was $76,300. The average net worth of those between 65 and 74 was $1,217,700—nearly 16x that of the younger group.