Net Worth Calculator
Track your total wealth by comparing assets and liabilities
Assets
Liabilities
Your Net Worth
Total Assets
$0
Total Liabilities
$0
Net Worth
$0
Enter your financial details to see assessment
How to Use This Calculator
Your net worth is the most comprehensive measure of your financial health. It's calculated by subtracting all your liabilities (debts) from your assets (what you own).
Step-by-Step Guide:
- List All Assets - Everything you own of value:
- Cash, checking, and savings accounts
- Investments (stocks, bonds, mutual funds)
- Retirement accounts (401k, IRA)
- Real estate (use current market value)
- Vehicles (use current resale value)
- Other valuable possessions
- List All Liabilities - Everything you owe:
- Mortgages
- Auto loans
- Student loans
- Credit card balances
- Personal loans
- Other debts
- Click Calculate - See your net worth and financial assessment
Tip: Calculate your net worth quarterly to track progress. Focus on increasing assets and reducing liabilities to grow your net worth over time.
Net Worth FAQs
Q: What's considered a good net worth?
A: A positive net worth is good, but benchmarks vary by age. General guideline: Your net worth should be (Age × Annual Income)/10. For example, a 40-year-old earning $75,000 should aim for $300,000 net worth.
Q: Should I include my home in net worth?
A: Yes, but use current market value minus selling costs (typically 6-10%). Include the mortgage under liabilities. Some prefer to exclude primary residence for a more liquid net worth calculation.
Q: My net worth is negative - what now?
A: Focus on: 1) Paying down high-interest debt first, 2) Building emergency savings, 3) Increasing income, and 4) Making consistent small improvements. Many start with negative net worth - what matters is the trend.
Q: How often should I calculate my net worth?
A: Quarterly is ideal. Monthly can cause unnecessary stress due to market fluctuations. Annual is the minimum to track long-term progress.
Q: Do I include my business in personal net worth?
A: If you own a business, include your equity stake as an asset. For small businesses, this is often the difference between assets and liabilities on the business balance sheet.
Q: Why is tracking net worth important?
A: It's the best single measure of financial health because it: 1) Shows overall progress, 2) Reveals debt problems, 3) Helps set goals, and 4) Motivates better financial decisions.