Net Worth Calculator
Add up everything you own and everything you owe to find your net worth in seconds. Enter your assets, debts, income and age to see totals, a debt-to-asset ratio, liquid net worth, and how you compare to a common benchmark.
Add Up Your Assets and Debts
Net Worth Formula
Where:
- Total assets — the current market value of everything you own: cash, savings, retirement and brokerage accounts, real estate, vehicles, and other valuables
- Total liabilities — the outstanding balance of every debt you owe: mortgage balance (not the home's value), auto and student loans, credit card balances, and so on
Net worth is simply the gap between what you own and what you owe. The debt-to-asset ratio shows how leveraged you are, and liquid net worth isolates the money you could actually access quickly in an emergency.
Net Worth – Calculation Example
Example: a 35-year-old with $70,000 in annual pre-tax income owns $4,000 in cash, $12,000 in savings, $65,000 in retirement accounts, $15,000 in brokerage investments, a $220,000 home, $12,000 in vehicles and $3,000 in other assets. She owes $165,000 on her mortgage, $8,000 in auto loans, $15,000 in student loans, $2,500 in credit cards and $4,000 in personal loans.
\[ \text{Assets} = 4{,}000 + 12{,}000 + 65{,}000 + 15{,}000 + 220{,}000 + 12{,}000 + 3{,}000 = \$331{,}000 \]
\[ \text{Liabilities} = 165{,}000 + 8{,}000 + 15{,}000 + 2{,}500 + 4{,}000 = \$194{,}500 \]
\[ \text{Net Worth} = 331{,}000 - 194{,}500 = \$136{,}500 \]
\[ \text{Debt-to-Asset Ratio} = \frac{194{,}500}{331{,}000} \times 100\% \approx 58.76\% \]
\[ \text{Liquid Net Worth} = 4{,}000 + 12{,}000 + 15{,}000 - 2{,}500 - 4{,}000 = \$24{,}500 \]
Result: net worth is $136,500, of which $24,500 is liquid. The age × income benchmark (35 × $70,000 ÷ 10) is $245,000, so she is at about 56% of that target.
How to Use the Calculator
- Enter the current value of each asset under Assets — Cash & checking, Savings accounts, Retirement (401k, IRA), Brokerage / investments, Real estate, Vehicles and Other assets. Use 0 for anything you don't have.
- If you need more asset slots, pick how many from Extra asset rows, then type a name (e.g.
Frequently Asked Questions
Should I include retirement accounts like a 401(k) or IRA in my net worth?
Yes. Retirement accounts belong to you, so their current balance counts as an asset even though withdrawing early may trigger taxes and penalties. The same logic applies to pensions you can value and to a home you plan to sell someday — illconvenience of access doesn't change ownership. This is exactly why liquid net worth is shown separately: it strips out money you can't reach quickly without cost.
What is a good net worth for my age?
There is no single 'good' number, but two yardsticks help. The age × income ÷ 10 rule from The Millionaire Next Door suggests a target of \( \text{age} \times \text{pre-tax income} \div 10 \). Surveys of household wealth also show large gaps: many people under 35 have a net worth near zero, while median figures climb sharply after 50. Trends matter more than any snapshot — a negative or small number early in a career is normal if it keeps growing.
My net worth is negative — what does that mean?
A negative net worth means your debts exceed your assets, which is common among recent graduates, new homeowners with fresh mortgages, and anyone carrying medical or student debt. It is not necessarily a crisis, but it signals that every dollar of new borrowing deepens the gap. Prioritizing high-interest debt and building even a small cash cushion usually turns the number positive within a few years, especially early in a career.
How is net worth different from income?
Income is the money flowing in over a period, typically a year; net worth is a stock — a snapshot of everything you own minus everything you owe at one moment. A high earner can have a low net worth after heavy spending and debt, while a modest earner with savings and a paid-off home can be quite wealthy. That's why the calculator only uses income for the optional benchmark, not for the net worth itself.
What are the most common mistakes when calculating net worth?
The top errors are using the original purchase price of a home or car instead of current market value, entering the monthly payment instead of the remaining balance for debts, forgetting small accounts and money owed by others, and counting the same money twice (for example, a brokerage balance and the retirement account it holds). Also use payoff balances, not credit limits, for cards, and don't count income that hasn't arrived yet.
How often should I recalculate my net worth?
Checking once a quarter is usually plenty for most people, or once a year with a big annual review. Net worth moves with markets, mortgage payments, and savings, so tracking it more often than monthly mostly adds noise and anxiety. Keep it in a spreadsheet or revisit this calculator periodically — a slow, steady upward line is the goal, not a number that jumps week to week.
Can I use this calculator with euros, pounds, or other currencies?
Yes, as long as you are consistent. The dollar sign on the labels is just a symbol — enter all amounts in one currency (assets and debts alike) and the totals, ratios, and liquid net worth will be correct in that currency. Mixing currencies without converting first will distort the results, so convert everything to your main currency using current exchange rates before entering the values.