Net Worth Calculator

What Is a Net Worth Calculator?

A net worth calculator gives you a single number that represents your overall financial health: the total value of everything you own minus everything you owe. It is the most comprehensive snapshot of your financial position and far more meaningful than your salary or bank balance alone. Tracking net worth over time tells you whether you are building wealth or losing ground.

Your net worth includes all of your assets — cash in bank accounts, investment portfolios, retirement funds, property, vehicles, and other valuables. It also accounts for all of your liabilities — mortgages, car loans, student loans, credit card balances, and any other debts. The difference between these two totals is your net worth, which can be positive (you own more than you owe) or negative (your debts exceed your assets).

Calculating your net worth regularly — at least once or twice per year — is one of the most powerful financial habits you can adopt. It provides accountability and motivation. When your net worth grows, you can see that your financial decisions are working. When it shrinks or stagnates, it signals that something needs to change. Use this calculator as the starting point for a more intentional approach to managing your finances.

How Do You Use This Net Worth Calculator?

List all your assets (cash, investments, property, vehicles, etc.) and their current values. Then list all your liabilities (mortgage, loans, credit cards, etc.). Click Calculate to see your total net worth.

1. List all your assets and enter the current market value of each (property, savings, investments, vehicles, etc.).
2. List all your liabilities and enter the current outstanding balance of each (mortgage, loans, credit cards, etc.).
3. Review the totals for assets and liabilities to make sure nothing is missing.
4. Click Calculate to see your total net worth.
5. Note the date and save your result to track progress over time.
6. Repeat the calculation every 6-12 months to monitor your financial trajectory.

How Does the Net Worth Calculator Formula Work?

The formula used: Net Worth = Total Assets - Total Liabilities

What Are Some Example Calculations?

Assets: Home ($300,000) + Savings ($25,000) + Investments ($50,000) + Car ($15,000) = $390,000. Liabilities: Mortgage ($200,000) + Car Loan ($8,000) + Credit Cards ($3,000) = $211,000. Net Worth = $179,000.

When Should You Use a Net Worth Calculator?

Calculate your net worth at least twice a year — at the start and midpoint of the year — to track your financial trajectory. It is especially important during major life events: buying a home, changing jobs, getting married, having children, or approaching retirement. Each of these events significantly changes your asset and liability profile.

Net worth is also the right metric to check when you feel uncertain about your financial progress. A growing salary does not always mean growing wealth — lifestyle inflation and debt can erode the gains. By calculating net worth, you cut through the noise and see the real picture. If your net worth is growing year over year, you are on the right track regardless of what individual account balances look like.

What Do These Terms Mean?

What Are the Best Tips to Know?

• Be honest and accurate with asset valuations — use current market values, not purchase prices or optimistic estimates.
• Include all retirement accounts and pensions, which are often the largest asset for many people.
• Track your net worth on the same date each year for consistent comparisons.
• Focus on the trend over time rather than the absolute number — steady growth matters more than a specific milestone.
• Do not include personal items like furniture or clothing unless they have significant resale value.

What Mistakes Should You Avoid?

• Overvaluing your home or car — use conservative market estimates, not the price you paid or what you hope to sell for.
• Forgetting to include all debts, such as money owed to family, buy-now-pay-later balances, or tax liabilities.
• Not counting retirement accounts or pensions because the money is not accessible now — they are still assets.
• Comparing your net worth to others without considering age, location, and life circumstances.