Net Worth Calculator

Your net worth is the single number that best summarizes your overall financial position. It's the total value of everything you own minus everything you owe. A positive net worth means you own more than you owe. A negative net worth means your debts exceed your assets. Tracking your net worth over time shows whether your financial situation is improving.

How to Use This Tool

Add up all your cash and savings accounts.
Estimate the current value of your investments and retirement accounts.
Enter the current market value of your home.
Include the value of other assets (vehicles, jewelry, collectibles).
Enter your current mortgage balance.
Add up all other debts (student loans, credit cards, car loans, personal loans).
Click Calculate to see your net worth.

The Formula

Net Worth = Total Assets - Total Liabilities. Assets include cash, investments, real estate, and personal property. Liabilities include mortgages, loans, credit card balances, and any other debts.

Why It Matters

You have $20,000 in savings, $100,000 in investments, a home worth $350,000, and a car worth $30,000. Your mortgage balance is $250,000 and you have $30,000 in other debt. Your net worth is $220,000. If you track this annually and it increases, your financial position is improving.

Frequently Asked Questions

What is a good net worth?

A good net worth depends on your age, income, and cost of living. A useful benchmark is the Federal Reserve data showing median net worth by age group: under 35 ($140,000), 35–44 ($436,000), 45–54 ($832,000), 55–64 ($1,176,000), 65+ ($1,286,000). Another rule of thumb: aim for a net worth of at least 1x your annual income by age 30, 3x by 50, and 7x by retirement.

Is it normal to have a negative net worth?

Yes, especially for young adults. Students with loans and limited savings often start with negative net worth. People who recently bought a home with a small down payment may see a temporary dip in net worth. The key is not your starting point — it's the trajectory. Focus on increasing assets, paying down debt, and growing your income.

How often should I calculate my net worth?

Calculate your net worth at least once a year. Quarterly updates give you better visibility into trends. Monthly tracking is ideal if you're actively trying to improve your financial situation. The most important thing is consistency — use the same valuation methods each time so you can compare accurately.