Net Worth Calculator
Calculate your net worth by totaling all assets and subtracting all liabilities
Net Worth Calculator
Calculate your net worth by totaling all assets and subtracting all liabilities
Net Worth Calculator
Assets
Liabilities
Net Worth
$110,000
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Summary
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- • Liquid Assets: Cash, checking accounts, savings accounts (easily accessible)
- • Investments: Stocks, bonds, mutual funds, cryptocurrency
- • Retirement Accounts: 401k, IRA, Roth IRA, pension values
- • Real Estate: Current market value of homes, rental properties
- • Vehicles: Cars, boats, RVs (use current market value, not purchase price)
- • Business Interests: Value of businesses you own or have equity in
- • Personal Property: Valuable items like jewelry, art, collectibles
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- • Mortgage: Remaining balance on home loans
- • Credit Cards: Total outstanding balances on all cards
- • Student Loans: Federal and private education debt
- • Auto Loans: Car, truck, or motorcycle financing
- • Personal Loans: Bank loans, peer-to-peer lending
- • Other Debts: Medical bills, back taxes, business loans
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Save consistently, invest in appreciating assets, maximize retirement contributions, and increase your income through career growth or side businesses.
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Pay down high-interest debt aggressively, avoid new debt, refinance expensive loans to lower rates, and live below your means.
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Calculate your net worth monthly or quarterly. Seeing progress motivates continued improvement. Track trends, not just the absolute number.
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Your net worth will fluctuate with market conditions. What matters is the long-term upward trend, not month-to-month variations.
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Using Purchase Price
Always use current market value for assets, not what you paid. Cars depreciate, homes appreciate.
Forgetting Debts
Include ALL debts, even small ones. Student loans, credit cards, everything counts.
Overvaluing Personal Items
Furniture and electronics lose value quickly. Be realistic about resale values.
Comparing to Others
Net worth varies by age and circumstance. Compare to your past self, not others.
Frequently Asked Questions
What is a good net worth for my age?
A common benchmark is that your net worth should equal your age multiplied by your pre-tax annual income, divided by 10. For example, a 40-year-old earning $80,000 should target a net worth of $320,000 (40 × $80,000 ÷ 10). However, this is just a rough guideline. What matters most is consistent upward growth over time, regardless of where you start.
Should I include my primary residence in net worth?
Yes, include your home's current market value as an asset and the remaining mortgage as a liability. The difference (home equity) is part of your net worth. However, some financial experts prefer to track "liquid net worth" separately, excluding your primary residence since you need somewhere to live. Both metrics are valuable for different purposes.
Is it normal to have negative net worth?
Yes, especially for young adults with student loans or recent major purchases. Many people in their 20s and early 30s have negative net worth. The key is working toward positive net worth through debt payoff and saving. Focus on the trajectory (is it improving?) rather than the absolute number. Most people reach positive net worth in their 30s or 40s.
How often should I calculate my net worth?
Quarterly is ideal for most people—often enough to track progress without obsessing over short-term fluctuations. Some prefer monthly during aggressive debt payoff or wealth building. Annual tracking is too infrequent to catch issues early. Use a spreadsheet or app to track over time, and focus on the trend line rather than month-to-month changes.
Should I count retirement accounts in my net worth?
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What's more important: high income or high net worth?
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