Net Worth Calculator
Calculate your net worth by subtracting total liabilities from total assets.
How to use this tool
- Enter checking & savings, investments & retirement, real estate value, other assets (vehicles, etc.), mortgage balance, car loans, student loans, credit card balances and other liabilities in the fields above.
- Results update instantly as you type — or click Calculate.
- Read your net worth and the full breakdown beneath it.
Your net worth is a snapshot of your financial health. Track it regularly to measure progress toward your financial goals.
⚠ This tool provides general estimates for education only and is not financial, tax or legal advice. Figures may not reflect your situation — verify with a qualified professional.
Formula
Total Assets = Checking & Savings + Investments & Retirement + Real Estate + Other Assets
Total Liabilities = Mortgage + Car Loans + Student Loans + Credit Card Balances + Other Liabilities
Net Worth = Total Assets − Total Liabilities
How it works
Net worth is calculated by summing all assets — cash, investments, real estate, and other owned property — and subtracting all outstanding liabilities such as mortgages, loans, and credit card balances. This snapshot reflects a single point in time and relies entirely on the values you provide, so accuracy depends on using current market values for assets and up-to-date payoff balances for debts. Illiquid assets like real estate may carry transaction costs that reduce their effective value.
Worked example
- All asset fields set to $0 and all liability fields set to $0.
- Total assets = $0 + $0 + $0 + $0 = $0.
- Total liabilities = $0 + $0 + $0 + $0 + $0 = $0.
- Net worth = $0 − $0 = $0.
Total assets: $0 | Total liabilities: $0 | Net worth: $0
Common mistakes to avoid
- Including the full market value of a home as an asset without subtracting the outstanding mortgage balance, which also appears in liabilities and gets double-counted.
- Omitting vested but unvested stock options or pension values, understating assets for employees with deferred compensation.
- Using credit card balances that fluctuate mid-month -- net worth snapshots are most accurate when taken right after the statement closes.
Key terms
- Net worth
- The difference between what you own (assets) and what you owe (liabilities); a core measure of personal financial health.
- Liquid assets
- Assets that can be converted to cash quickly and with little loss of value, such as checking and savings accounts or money market funds.
- Liabilities
- Outstanding financial obligations you owe to others, including mortgages, auto loans, student loans, and credit card balances.
- Equity
- The portion of an asset's value you truly own, calculated as the asset's current market value minus any debt secured against it (e.g., home value minus mortgage balance).
- Illiquid asset
- An asset that cannot be quickly or easily sold at its stated value without significant cost or delay, such as real estate or a closely held business.
Frequently asked questions
- What counts as an asset?
- Assets include cash, savings, checking accounts, brokerage accounts, retirement accounts (401k, IRA), the market value of real estate, vehicles, and valuable personal property.
- What counts as a liability?
- Liabilities include any money you owe: mortgage balance, auto loans, student loans, credit card balances, personal loans, medical debt, and any other outstanding obligations.
- Is a negative net worth bad?
- A negative net worth is common early in life, especially with student loans or a new mortgage. What matters most is the trend — if your net worth is growing over time, you're on the right path.