Net Worth Calculator
Add up everything you own, take off everything you owe, and you have your net worth — the single clearest snapshot of your financial position. Fill in the rows below and we'll show you the number, how it's split, and where it sits against the typical Australian household.
Benchmarks: ABS Household Income and Wealth 2019-20 (latest available survey).
| Total assets | $0 |
| Total liabilities | $0 |
A snapshot based on the figures you enter — values are estimates, not a valuation. This is general information, not financial advice.
What Net Worth Actually Tells You
Net worth is the one number that ties your whole financial life together. Income tells you what's coming in; a budget tells you where it goes; but net worth tells you what you've actually built. It's a simple sum: total assets minus total liabilities. If you own $900,000 worth of things and owe $400,000, your net worth is $500,000 — whatever your salary happens to be.
The point of tracking it isn't to compare yourself to the neighbours. It's to watch the trend. A net worth that climbs year on year means you're paying down debt, building super, and saving faster than you're spending. A flat or falling figure — even on a good income — is worth a closer look. Most people who track it check in once or twice a year, usually at the start of the financial year.
How It's Calculated — a Worked Example
Say you own a home worth $650,000, have $180,000 in super, $20,000 in cash and savings, $30,000 in shares, and $20,000 of vehicles and contents. That's $900,000 in assets. Against that you owe $350,000 on the home loan, $15,000 on a car loan, $5,000 on a credit card, and a $30,000 HECS/HELP balance — $400,000 in liabilities. Your net worth is:
$900,000 assets − $400,000 liabilities = $500,000 net worth
That $500,000 sits about $79,200 below the median Australian household net worth of $579,200 (ABS 2019-20) — comfortably in the range for a household still paying down a mortgage. Type those same figures into the calculator above and you'll get the same $500,000, along with the split showing the home makes up roughly 72% of your assets and the home loan 88% of your debt.
Where the Home Fits In
For most Australian households, the family home and the mortgage against it are the two biggest lines on the balance sheet. The gap between them — your home equity — usually drives more of your net worth than anything else, which is why extra repayments and offset balances matter so much. If you're weighing whether to put spare cash into the loan or into super, the super vs mortgage offset calculator models both sides.
Super Is Part of the Picture
It's easy to forget super because you can't spend it yet, but it's your money and it belongs on the asset side. For younger workers it's often the second-largest asset after the home; by retirement it's frequently the largest. If you want to see where your balance is heading, the super balance projector forecasts it out to retirement, and small extra contributions can move the number more than most people expect.
Where You Stand — The ABS Benchmarks
The Australian Bureau of Statistics runs the definitive survey of household wealth. Two reference points from the 2019-20 release (the latest available) are worth knowing. First, the typical household: median net worth was $579,200. Half of Australian households were worth more than that, half were worth less — the median is the honest "middle" because it isn't distorted by a handful of very rich households.
Second, the average by age. The table below shows mean net worth by the age of the household reference person. Note these are means, not medians: they run well above the typical household because a small number of very wealthy households pull the average up. Read them as a rough guide to the shape of a life — wealth building through the working years, peaking around retirement, then easing as savings are drawn down — not as a target to hit.
| Age band | Average (mean) household net worth |
|---|---|
| 25–29 | $242,000 |
| 30–34 | $441,000 |
| 35–39 | $555,000 |
| 40–44 | $841,000 |
| 45–49 | $1,055,000 |
| 50–54 | $1,212,000 |
| 55–59 | $1,453,000 |
| 60–64 | $1,601,000 |
| 65–69 | $1,835,000 (peak) |
| 70–74 | $1,509,000 |
| 75+ | $1,167,000 |
A deliberate omission: we don't show a percentile ("you're in the top 20%") because the ABS quintile boundaries for a single person's position aren't something we can verify against a source — so we'd rather compare you to the median and the age-band average than invent a ranking. If your net worth is climbing and your debts are shrinking, you're doing the important part regardless of the percentile.
Turning the Number Into a Plan
Net worth is a scoreboard, not a strategy — the useful part is what you do next. If the figure is lower than you'd like, the fastest levers are usually on the liability side: clearing high-interest credit-card and personal-loan debt lifts your net worth dollar-for-dollar and stops the interest working against you. The debt avalanche vs snowball calculator maps out the quickest order to knock debts over.
On the asset side, the foundations come first. Before chasing investment returns, it's worth having a cash buffer so a surprise bill doesn't send you back into debt — the emergency fund calculator sizes that for you. And if you want the bigger-picture view of how your whole position is tracking — cash flow, debt, insurance, super and more — the financial health check scores it across ten areas and shows where to focus.
Frequently Asked Questions
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