Net Worth Calculator
Calculate your total net worth by subtracting your total liabilities from your total assets.
How it works
Net worth is the simplest measure of your overall financial position. It's calculated by adding up everything you own (assets) and subtracting everything you owe (liabilities). Net Worth = Total Assets − Total Liabilities. Assets include cash, savings, investments, property, vehicles, and valuables. Liabilities include mortgages, student loans, car loans, credit card balances, and any other debts.
Example
Suppose you have $15,000 in savings, $50,000 in a 401(k), a home worth $300,000, and a car worth $18,000 — total assets of $383,000. You owe $220,000 on your mortgage and $8,000 in other debts — total liabilities of $228,000. Your net worth is $383,000 − $228,000 = $155,000.
Frequently asked questions
What is a good net worth by age?
A common benchmark is to have a net worth equal to your annual salary by age 30, three times your salary by 40, and six to seven times your salary by 50. These are general guidelines — your actual target depends on your lifestyle goals and retirement plans.
Should I include my car in my net worth?
Yes, vehicles are assets, but they depreciate quickly. Include the current market value (what you could sell it for today), not the purchase price. Check Kelley Blue Book or similar services for an estimate. Also include any outstanding auto loan as a liability.
How often should I track my net worth?
Most personal finance experts recommend calculating your net worth quarterly or at least annually. Tracking it over time lets you see whether you are building wealth or going in the wrong direction, and motivates you to make better financial decisions.
What if my net worth is negative?
A negative net worth is common, especially early in life or after taking on large student loans or mortgages. It does not mean you are in crisis — what matters is the trend. Focus on reducing high-interest debt and growing assets consistently over time.
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