Net Worth Calculator

Net worth is the total value of everything you own (assets) minus everything you owe (liabilities). It's the most complete single-number summary of your financial position. A positive net worth means your assets outweigh your debts.

Assets include: bank account balances, savings, cash, investment accounts (stocks, bonds, ETFs, 401k, IRA), real estate (current market value), vehicles, business equity, valuable personal property (jewellery, art), and money owed to you.

Liabilities are debts and financial obligations: mortgage balance (not the property value — that's an asset), car loans, credit card balances, student loans, personal loans, medical debt, tax debt, and any other money you owe.

A negative net worth is common, especially early in adulthood when student loans and mortgages outweigh savings. What matters is the direction — a net worth increasing year over year is a healthy sign, even if it's currently negative.

A common benchmark is 1× your annual income by age 30, 3× by 40, 6× by 50, and 8× by 60. The median US net worth is around $192,700. But context matters — cost of living, income, family situation, and country all affect what's 'normal'.

Yes, include the current market value as an asset and the outstanding mortgage balance as a liability. The difference (home equity) is part of your net worth. However, your home is illiquid — you can't easily access that value, so some financial planners calculate net worth both with and without the home.

Once or twice a year is sufficient for most people. Monthly tracking can be motivating if you're aggressively paying down debt or building savings. The goal is to observe a trend over years, not react to short-term fluctuations in investment values.

Yes. 401(k), IRA, pension values, and other retirement accounts are assets. Note that you'll owe income tax on traditional pre-tax retirement withdrawals, so your actual spending power from those accounts is somewhat less than the stated balance.

The two levers are: grow assets (invest consistently, increase income) and reduce liabilities (pay down high-interest debt first). Eliminating credit card debt has an immediate guaranteed return equal to the interest rate, often 20%+.

They're related but not identical. Net worth is a point-in-time balance sheet calculation. Wealth is a broader concept that also includes income-generating capacity, human capital (future earning potential), and factors like health and social capital that don't appear on a balance sheet.