Net Worth Calculator

Understanding the Net Worth Calculator

This tool calculates net worth: the total value of everything you own (assets) minus everything you owe (liabilities). It gives individuals and households a single snapshot of financial health and a baseline to track progress year over year. Assets include cash, investments, retirement accounts, property, and vehicles; liabilities include mortgages, loans, and credit-card balances. A positive figure means assets exceed debts; a negative figure means the reverse. Results are an estimate based on the values you enter and are meant for personal planning and education.

How it works

List each asset with its current market value and each debt with its outstanding balance. The calculator sums all assets, sums all liabilities, and subtracts liabilities from assets to produce net worth. Read the result as your equity at this moment in time. For accuracy, use realistic resale or market values rather than purchase prices, and include the full payoff balance of each loan, not the monthly payment. Recalculate periodically (quarterly or annually) to see the trend, which matters more than any single reading. Exclude items you cannot reasonably value or sell.

Tips & common mistakes

• Use current market or resale values, not what you originally paid, for homes and vehicles.
• Include retirement accounts (401k, IRA) as assets; they are real wealth even if illiquid.
• The trend over time matters more than a single snapshot; recalculate at the same date each year.
• Don't count income as an asset; net worth measures what you own, not what you earn.
• A negative net worth early in life (student loans, mortgage) is common and not necessarily alarming.

Sources & methodology

• • Consumer Financial Protection Bureau — Net worth and financial well-being (https://www.consumerfinance.gov)
• • U.S. Federal Reserve, Survey of Consumer Finances — Household net worth (https://www.federalreserve.gov)

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