Use the net worth calculator to add up everything you own and subtract everything you owe. The result tells you if you’re building wealth or drowning in debt.
Net Worth Calculator
Calculate the difference between what you own and what you owe
Assets (What you own)
Liabilities (What you owe)
Common Questions About Net Worth
What is net worth?
What is considered a good net worth by age?
Is my house an asset or liability?
Is net worth the same as income?
What is Liquid Net Worth?
What Is a Net Worth Calculator
A net worth calculator adds up everything you own and subtracts everything you owe. The result tells you if you’re building wealth or drowning in debt. It’s like a financial report card that shows your true money situation at this exact moment. Many people earn good incomes but have low or negative net worth because they spend too much or carry heavy debts.
Input Fields Explained in this Net Worth Calculator
Assets – What You Own
Real Estate
Enter the current market value of properties you own. Don’t use what you paid years ago—use what someone would pay today. Check recent sales of similar homes in your area or get a professional appraisal for accuracy.
Checking Accounts
This is the cash sitting in accounts you use for daily expenses. Add up all your checking accounts. This money is immediately available, making it highly liquid.
Savings Accounts
Include emergency funds, high-yield savings, and certificates of deposit. These accounts earn interest while keeping your money safe. Don’t include retirement accounts here; they have their own category.
Retirement Accounts
Add up your 401(k), traditional IRA, Roth IRA, and any pension values. Use the current balance shown on your latest statement. Yes, you’ll pay taxes on some of these eventually, but for net worth calculations, use the full amount.
Autos
Look up your car’s current resale value using Kelley Blue Book or similar services. Cars lose value quickly, so this number is usually much lower than what you paid. Be honest—your 5-year-old car isn’t worth what it was when new.
Other Assets
This catches everything else valuable you own. Stocks, bonds, mutual funds, business ownership, rental properties, valuable collections, jewelry, or anything else you could sell for significant money.
Liabilities – What You Owe
Mortgages
Enter the remaining balance on all home loans. Check your latest mortgage statement for the exact principal owed. Don’t include the interest you’ll pay over time—just what you owe right now.
Credit Card Debt
Total up all your credit card balances. If you carry balances month to month, this number can get scary fast. Include every card, even store cards and gas cards.
Personal Loans
This covers any money borrowed from banks, credit unions, or peer-to-peer lending platforms. Medical financing, consolidation loans, and lines of credit all belong here.
Student Loans
Add both federal and private student loans. Use your current total balance, not your original loan amount. Many people owe more than they borrowed due to interest accumulation.
Auto Loans
Enter the payoff amount on car loans. This is usually different from your monthly payment times remaining months because interest is calculated upfront.
Other Debt
Include medical bills you’re paying off, tax debts, back child support, or any other money you legally owe. If you borrowed it and haven’t paid it back, it counts.
Reading Your Results
Total Net Worth
This is the big number that matters. Positive means you own more than you owe—you’re building wealth. Negative means your debts exceed your assets—you need a turnaround plan. Zero means you’re breaking even.
Total Assets
This shows everything you own added together. Higher numbers are better, but only if your liabilities stay low. Someone with $500,000 in assets and $450,000 in debt is actually in shakier position than someone with $100,000 in assets and no debt.
Total Liabilities
Your complete debt load. This number should shrink over time as you pay things off. If it’s growing, you’re moving backward financially even if your income is rising.
Breakdown Chart
The doughnut chart shows the split between assets and liabilities. More blue (assets) is good. Too much red (liabilities) means debt is controlling your financial life. The visual makes it obvious where you stand.
Why This Number Matters
Net worth tracks real wealth accumulation, not just income. You might earn $100,000 per year but have negative net worth if you’re drowning in debt. Meanwhile, someone earning $50,000 who saves consistently could have higher net worth in a few years.
Banks and lenders check net worth when making big lending decisions. A strong net worth helps you qualify for better rates on mortgages and business loans. It proves you manage money responsibly.
Tracking net worth over time shows if your financial strategy works. Calculate it every year on the same date. If the number keeps rising, you’re winning. If it’s stagnant or falling, something needs to change.
Common Patterns
Young adults often start with negative net worth because of student loans. That’s normal. The goal is moving it toward zero and then positive territory as you earn and pay down debt.
Middle-aged people sometimes have surprisingly low net worth despite good incomes. High mortgages, car loans, and lifestyle inflation eat their earnings. They look wealthy but aren’t building actual wealth.
Retirees should have their highest net worth because they’ve accumulated assets for decades. If someone reaches retirement with low net worth, they’ll struggle without steady paychecks.
Improving Your Net Worth
Focus on both sides of the equation. Increase assets by saving more and investing wisely. Decrease liabilities by paying off high-interest debt first, especially credit cards.
Don’t buy things that lose value using debt. Cars financed with loans destroy net worth twice—the car loses value while the loan stays high. If you must finance, make big down payments and short loan terms.
Build assets that appreciate or generate income. Real estate and retirement accounts typically grow over time. Spending money on depreciating items like new cars or luxury goods moves you backward.
Conclusion
Your net worth tells the truth about your financial health. Income can be misleading—net worth never lies. Calculate yours honestly, then track it yearly to ensure you’re moving in the right direction. The number might surprise you, but knowing where you stand is the first step toward building real wealth.