myUSFinance

1. Enter your your values — Enter the relevant financial figures for your situation
2. Click Calculate — Review your results in the output section below the form. The calculator instantly computes all values based on your inputs.
3. Adjust and Compare — Modify any input to see how changes affect the result. Try different scenarios to find the optimal approach for your situation.

All calculations are performed instantly in your browser. Your data is never sent to any server or stored anywhere — your financial information remains completely private.

Where:

• Liquid Assets — Cash, checking accounts, savings accounts, money market accounts
• Investment Assets — Stocks, bonds, mutual funds, retirement accounts (401k, IRA), HSA
• Real Estate — Market value of home(s) and investment properties
• Personal Property — Vehicles, valuable collections, jewelry (at resale value)
• Liabilities — All outstanding debts: mortgages, auto loans, student loans, credit cards, personal loans

Worked Example

Assets: Checking $5,000 + Savings $15,000 + 401(k) $85,000 + Home $350,000 + Car $18,000 = $473,000. Liabilities: Mortgage $260,000 + Auto loan $12,000 + Student loans $25,000 + Credit cards $3,000 = $300,000. Net worth = $473,000 - $300,000 = $173,000.

Limitations and Assumptions

Track net worth monthly or quarterly to monitor progress. The average American household net worth varies dramatically by age: under 35 (~$76,000 median), 35-44 (~$135,000), 45-54 (~$247,000), 55-64 (~$364,000), 65+ (~$409,000). Focus on growing the gap between assets and liabilities over time. Retirement accounts often represent the largest asset for working-age Americans.

Understanding the following key concepts will help you interpret your results and make better financial decisions:

• Principal — The initial amount of money involved in the calculation, whether it is a starting balance, loan amount, or investment.
• Interest Rate — The percentage charged or earned on the principal amount, typically expressed as an annual rate (APR). This rate determines how quickly your money grows or how much borrowing costs.
• Compounding — The process of earning interest on previously earned interest. More frequent compounding (daily vs. monthly vs. annually) results in higher effective returns or costs.
• Time Horizon — The length of time over which the calculation applies. Longer time horizons amplify the effects of compounding and small differences in rates.
• Present Value vs. Future Value — Present value is what money is worth today; future value is what it will be worth at a specific point in the future, accounting for growth or inflation.

These concepts form the foundation of virtually all financial calculations. Understanding how they interact helps you evaluate any financial product or decision with confidence.

Let's walk through a practical example using this calculator.

Scenario: Consider a typical situation where you need to evaluate different financial options. By entering your specific numbers into the calculator, you can compare scenarios side by side.

Example inputs: Using representative values for an average American household, the calculator produces results that highlight the impact of each variable. Small changes in one input — such as increasing a contribution amount by $100 per month or adjusting a rate by 0.5% — can lead to significantly different outcomes over time.

Key takeaway: The most valuable insight from running calculations is understanding sensitivity — which variables have the greatest impact on your results. Focus your optimization efforts on those high-impact factors first, as they provide the greatest return on effort. Run multiple scenarios with different assumptions to build a range of outcomes rather than relying on a single projection.