Net Worth Calculator
Add up what you own and what you owe to find your net worth, with a simple breakdown by category.
Assets (what you own)
Debts (what you owe)
Results
| Item | Value |
|---|
Breakdown
| Category | Amount | Share |
|---|
Quick Answer
Net worth = total assets − total debts. If you own $475,000 in savings, investments, a home and a car, and owe $284,000 on a mortgage, loans and cards, your net worth is $191,000.
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Table of Contents
- Net Worth Calculator
- Quick Answer
- Related Calculators
- How This Net Worth Calculator Works
- How to Use the Net Worth Calculator
- Core Formulas
- Key Terms
- Worked Example
- Real-Life Examples
- Net Worth vs Income
- What to Include
- Tips for Tracking Net Worth
- Common Mistakes to Avoid
- Frequently Asked Questions
- References & Sources
How This Net Worth Calculator Works
Net worth is a snapshot of your finances. Enter the value of what you own and the balance of what you owe. Leave any box you do not need at zero.
Quick explanation: net worth = assets − debts.
- Assets: cash, investments, retirement accounts, property and vehicles.
- Debts: mortgage, loans and card balances.
- Negative net worth: common early on, for example with student loans.
How to Use the Net Worth Calculator
- Enter the value of your cash, investments and retirement accounts.
- Enter what your home and vehicles would sell for today, and any other assets.
- Enter the balance owed on your mortgage, car loans, student loans, cards and other debts.
- Leave any box you do not need at zero, then press Calculate.
- Read your net worth, debt-to-asset ratio and breakdown by category.
Core Formulas
- Total assets: sum of everything you own
- Total debts: sum of everything you owe
- Net worth: total assets − total debts
- Debt-to-asset ratio: total debts ÷ total assets × 100
Key Terms
- Assets: things you own that have money value.
- Liabilities: debts and other money you owe.
- Home equity: your home’s value minus the mortgage you owe on it.
- Liquid assets: cash or assets you can turn into cash quickly.
- Debt-to-asset ratio: total debts divided by total assets, as a percentage.
Worked Example
A recent graduate has $4,000 in savings, a car worth $9,000, $28,000 in student loans and $2,000 on a credit card.
- Total assets = $13,000
- Total debts = $30,000
- Net worth = 13,000 − 30,000 = −$17,000
Real-Life Examples
- A young professional: $8,000 in savings, $12,000 in a 401(k) and a $15,000 car, against $25,000 of student loans and a $10,000 car loan, gives a net worth of $0.
- A homeowner: a $400,000 home with a $280,000 mortgage adds $120,000 of home equity to net worth.
- Tracking progress: if net worth rises from $45,000 to $60,000 in a year, that is a $15,000 or 33.3% increase, from saving, paying down debt and growth.
- Before retirement: listing every account in one place helps you see what you can draw on.
Net Worth vs Income
- Income: what you earn over a period, such as a year.
- Net worth: what you own minus what you owe at one moment in time.
- Why both matter: a high income with high spending and debt can leave a low net worth.
- Building net worth: spending less than you earn, then saving or paying down debt, raises it over time.
- A useful habit: note your net worth on the same date each year, such as New Year’s Day, to see your progress.
What to Include
| Assets | Debts |
|---|---|
| Checking, savings and cash | Mortgage and home equity loans |
| Brokerage accounts and funds | Car loans |
| 401(k), IRA and pensions with a cash value | Student loans |
| Home and other property | Credit card balances |
| Vehicles, at resale value | Personal and medical loans |
| Business ownership | Money owed to family or friends |
Tips for Tracking Net Worth
- Be realistic: use what a car or home would sell for today.
- Check yearly: the trend matters more than one number.
- Pay down high-interest debt: it raises net worth quickly.
- Leave out everyday items: furniture and clothes are rarely worth much when sold.
Common Mistakes to Avoid
- Using the purchase price. Value assets at what they would sell for today.
- Forgetting small debts. Store cards, medical bills and buy-now-pay-later plans all count.
- Counting everyday items. Furniture and clothes usually add little real value.
- Ignoring tax on retirement accounts. Money in a traditional 401(k) or IRA is taxed when withdrawn.
- Checking too often. Market moves can make the number jump. Yearly checks show the real trend.
Frequently Asked Questions
Add up the value of everything you own, then subtract everything you owe.
Yes. Include its market value as an asset and the mortgage as a debt.
It is common when you are young or have student loans. What matters is the direction over time.
Yes. They are assets, though taxes may be due when you take money out.
No. The numbers stay in your browser and are not stored.
It depends on age, income and goals. The most useful check is whether your own net worth is rising over time.
Once or twice a year is enough for most people. Use the same method each time so you can compare results.
Yes. It is negative when you owe more than you own, which is common with large student loans or soon after buying a car.
Include pensions that have a cash or transfer value you can check. Many people leave out pensions that only pay a future income.
Yes, at what it would sell for today, and include any loan on it as a debt.
References & Sources
| Source | Used For | Link |
|---|---|---|
| Federal Reserve, Survey of Consumer Finances | US household net worth data. | https://www.federalreserve.gov/econres/scfindex.htm |
| Wikipedia, Net worth | Definition of net worth. | https://en.wikipedia.org/wiki/Net_worth |