Net Worth Calculator: What You Own Minus What You Owe
Net worth is the single number that measures your financial health — everything you own, minus everything you owe. This free calculator adds up your assets and debts in one pass, shows where your wealth is concentrated, and gives you a baseline to track year after year.
Net Worth Calculator
Assets — what you own
Liabilities — what you owe
How to Use This Calculator
Fill in what you own — use current market values: today's account balances, a realistic home value from recent comparable sales, and a conservative vehicle value. Then fill in what you owe — current balances from your latest statements, not original loan amounts.
Click Calculate. The tool shows total assets, total liabilities, and your net worth. Save the result somewhere — a spreadsheet, a note — and recalculate in six months. The trend matters far more than any single number.
The Formula
Net worth couldn't be simpler: net worth = total assets − total liabilities. The skill is in valuing things honestly. Assets are worth what you could actually sell them for today; liabilities are what you'd have to pay to clear them today.
Worked example: assets of $360,000 ($5,000 cash + $15,000 savings + $30,000 investments + $45,000 retirement + $250,000 home + $15,000 car) minus liabilities of $192,000 ($180,000 mortgage + $10,000 auto loan + $2,000 credit card) equals a net worth of $168,000.
Tips
Be honest with your numbers. Overvaluing the car and forgetting the credit card feels better for five minutes, but a false baseline ruins the whole point: measuring real progress.
Watch the composition, not just the total. $100,000 of net worth in cash earns little; the same amount split between retirement accounts and investments is a wealth-building machine.
Pay down high-interest debt before piling up low-yield cash. Carrying a $5,000 card balance at 22% while holding $5,000 in a 1% savings account quietly destroys about $1,000 a year.
Frequently Asked Questions
What is net worth and how is it calculated?
Net worth is everything you own minus everything you owe. Add up your assets — cash, investments, retirement accounts, home value, vehicles and other valuables — then subtract your liabilities: mortgages, car loans, student loans, credit card balances and any other debts. The result is your net worth. It's the single best snapshot of your overall financial position.
What is a good net worth for my age?
A common benchmark formula: your net worth should be roughly your age times your annual income divided by 10 (for example, age 40 earning $60,000 → about $240,000). But averages vary enormously — student debt and mortgages pull young people's net worth negative, which is normal. What matters more than any benchmark is that your net worth trends upward over time.
Does my house count toward net worth?
Yes — the home's current market value counts as an asset, and the remaining mortgage counts as a liability. The difference (your home equity) contributes to net worth. Use a realistic current value, not what you paid or what you hope it's worth; recent comparable sales in your area are the best guide.
Is it bad to have a negative net worth?
Not automatically. Most people under 30 have a negative or near-zero net worth because of student loans and early mortgages. The problems to watch are negative net worth that's getting worse year after year, or debt that isn't tied to an appreciating asset. Track your net worth annually and focus on the trend, not the sign.
How often should I calculate my net worth?
Once or twice a year is plenty — for example, every January and July. Quarterly works if you're actively paying down debt. More often than that, market swings in investment values create noise without insight. The real value is watching the multi-year trend, which reveals whether your saving and debt decisions are actually working.