Net Worth Calculator
Add up your assets and liabilities to calculate net worth. It is a simple number, but it is useful for seeing whether your finances are moving in the right direction.
Assets (What You Own)
Liabilities (What You Owe)
Total Assets
$0.00
Total Liabilities
$0.00
Net Worth
$0.00
How to use
List all your assets (cash, investments, property, vehicles, etc.) and all your liabilities (mortgage, car loans, credit cards, student loans, etc.). Enter the current value for each item. The calculator subtracts total liabilities from total assets to give you your net worth. Track this number monthly or quarterly to measure your financial progress.
Formula
Your net worth is simply what you own minus what you owe. A positive net worth means your assets exceed your debts. A negative net worth is common for young adults with student loans or new mortgages. The goal is to grow this number over time by increasing assets (saving and investing) and reducing liabilities (paying off debt).
When this calculator helps
Net worth is a quick way to see the whole picture, not just your paycheck. It includes savings, investments, home equity, loans, credit cards, and everything in between. Checking it every few months can be genuinely useful, especially before a big decision like buying a home, changing jobs, or planning for retirement.
Examples
Example 1: Recent College Graduate
Assets: $3,000 checking, $5,000 savings, $2,000 car value = $10,000. Liabilities: $35,000 student loans, $1,500 credit card debt = $36,500. Net worth: -$26,500. While negative, this is normal, by paying down loans and building savings, net worth typically turns positive within 5-8 years.
Example 2: Mid-Career Professional
Assets: $15,000 checking, $80,000 retirement accounts, $350,000 home value, $12,000 car = $457,000. Liabilities: $260,000 mortgage, $8,000 car loan = $268,000. Net worth: $189,000. The home equity ($90,000) and retirement savings are the main wealth builders here.
Example 3: Pre-Retirement Couple
Assets: $40,000 checking/savings, $850,000 retirement accounts, $500,000 home (paid off), $25,000 in vehicles = $1,415,000. Liabilities: $0 (debt-free). Net worth: $1,415,000. Following the 4% rule, this supports roughly $56,600 in annual retirement spending before Social Security.
Things to watch
- •Use current market values for assets, not what you originally paid. Cars usually depreciate; homes and investments may appreciate.
- •Do not include personal belongings (furniture, clothing, electronics) unless they have significant resale value, most depreciate to near zero.
- •Track liquid net worth separately (exclude home equity and retirement accounts) to understand how much you could access in an emergency.
- •Focus on the trend over time rather than the absolute number, consistent growth of 10-15% per year indicates strong financial habits.
- •Remember that retirement account values are pre-tax, you will owe income tax on traditional 401(k) and IRA withdrawals, so your true accessible value is 20-30% less.
Sources and methodology
Last reviewed: Checked during calculator QA. We review formulas, default assumptions, and examples against public references when a formal source applies.
Method: This calculator uses the formula explained on this page. We also check example results by hand to catch obvious mistakes.
Found something off? Send a correction with the page URL, inputs, result, and expected result.
Common questions
- How do I calculate my net worth?
- Add up everything you own (savings, investments, property, vehicles) and subtract everything you owe (mortgage, loans, credit card balances). The result is your net worth. A negative net worth is common for young adults with student loans, it improves over time.
- What is a good net worth for my age?
- A common rule of thumb is your net worth should be roughly your age times your pre-tax annual income, divided by 10. At 30 earning $60,000, that's about $180,000. The median net worth for Americans under 35 is around $39,000.
- Should I include my home in my net worth?
- Yes, your home is typically your largest asset. Include its current market value (use recent comparable sales, not what you paid). Then list your mortgage balance as a liability. The difference is your home equity. Some financial planners track two net worth numbers, total net worth and liquid net worth (excluding home equity), since you cannot easily spend home equity.
- How often should I calculate my net worth?
- Quarterly is ideal for most people, frequent enough to spot trends but not so often that normal market fluctuations cause stress. Update asset values (especially investments and property) and liability balances each time. Tracking net worth over years reveals whether your financial habits are building or eroding wealth.
- Is it normal to have a negative net worth?
- Yes, especially for people in their 20s and 30s with student loans, a new mortgage, or both. The average medical school graduate has a negative net worth of $200,000+. Focus on the trend, as long as your net worth is increasing each year, you are moving in the right direction.