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Net Worth Calculator

Updated · Written and checked by · How we check our maths

Quick answer

Net worth = everything you own − everything you owe. With $15,000 in cash, $40,000 invested, $85,000 in retirement accounts, a $350,000 home and a $20,000 car, minus a $260,000 mortgage, $12,000 car loan and $4,000 of card debt, your net worth is $234,000.

Your net worth

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Net worth

$234,000

Total assets
$510,000
Total debts
$276,000
Net worth excluding home
$144,000

Savings, investments and other assets minus non-mortgage debts.

Debt-to-asset ratio
54.1%

How this calculator works

Net worth is the simplest measure of financial progress: the value of everything you own minus everything you owe. Tracking it once or twice a year shows whether saving, investing and paying down debt are moving you forward, even when month-to-month budgets feel unchanged.

Use realistic current values: what the home would sell for after costs, a car's private-sale price, and account balances today. The 'excluding home' figure shows how much of your wealth you could actually reach without selling where you live.

A negative net worth is common early in a career, especially with student loans or a new mortgage. The direction of travel matters more than the number.

The formula

Assets
cash + investments + retirement + home + vehicles and other assets
Debts
mortgage + car loans + credit cards + other loans
Net worth
assets − debts

Worked example

Assets of $15,000 + $40,000 + $85,000 + $350,000 + $20,000 = $510,000. Debts of $260,000 + $12,000 + $4,000 = $276,000. Net worth is $234,000; excluding the home it is $144,000.

Tips

  1. 01Update it on the same date each year to see a fair comparison.
  2. 02Count retirement accounts at their current balance, not after future taxes.
  3. 03Paying off high-interest debt raises net worth just as surely as investing.

Frequently asked questions

How do I calculate my net worth?

Add up the current value of everything you own and subtract every debt you owe.

Should I include my home in net worth?

Yes, at its realistic sale value minus selling costs, and include the mortgage as a debt. Also look at net worth without the home.

What is a good net worth by age?

It varies hugely with income and cost of living. A common rule of thumb is to aim for about your annual salary by 30 and several times it by retirement.