Net Worth Calculator

Calculate your net worth — the most important measure of financial health. See the difference between what you own and what you owe.

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Calculator

Total Assets ($)

Total Liabilities ($)

Net Worth

$50,000.00

Total Assets

$100,000.00

Total Liabilities

$50,000.00

How It Works

Your net worth is the total value of everything you own (assets) minus everything you owe (liabilities). It's the most comprehensive snapshot of your financial health.

Assets include cash, investments, retirement accounts, real estate, vehicles, and valuables. Liabilities include mortgages, car loans, student loans, credit card debt, and other debts.

Tracking your net worth over time helps you see if you're making financial progress. A growing net worth means you're building wealth, while a declining net worth signals the need for financial changes.

The Formula

Net Worth = Total Assets - Total Liabilities

Assets = everything you own (cash, investments, property, vehicles). Liabilities = everything you owe (mortgages, loans, credit card debt).

Example

Scenario: You have $100,000 in total assets (savings, investments, home equity, car) and $50,000 in total liabilities (mortgage balance, car loan, student loans).

Result: Your net worth is $50,000.

Goal: A positive and growing net worth is the ultimate financial goal. Focus on increasing assets and decreasing liabilities over time.

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Frequently Asked Questions

What is a good net worth by age?

A common rule of thumb is net worth = (age × annual income) / 10. By age 30, aim for 0.5x your salary; by 40, 2x; by 50, 4x; by 60, 6x; and by 67+, 8-10x your salary.

What assets should I include?

Include cash, savings, investments, retirement accounts (401k, IRA), home equity, vehicles, and other valuable property. Don't include personal belongings like clothing or furniture unless they have significant value.

Should I include my home equity?

Yes, home equity (home value minus mortgage balance) is an asset. However, remember you need a place to live, so home equity isn't as liquid as cash or investments.

How often should I calculate my net worth?

Track your net worth monthly or quarterly. Regular tracking helps you see progress, identify problems, and stay motivated toward your financial goals.

Is a negative net worth bad?

A negative net worth is common for young people with student loans, mortgages, or other debt. The goal is to steadily reduce debt and build assets until your net worth becomes positive and grows over time.