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Net Worth Calculator: Add Up Your Assets, Subtract Your Debts, Know Your Number
The Net Worth Calculator gives you a fast snapshot of financial health by totaling everything you own (assets) and subtracting everything you owe (liabilities). Use it to track progress, set goals, and make smarter money decisions.
1) What the Calculator Does
This tool adds up asset categories (cash, investments, real estate, vehicles, valuables, etc.) and subtracts liability categories (mortgages, credit cards, loans, other debt) to compute total assets, total liabilities, and your resulting net worth. The output updates instantly as you enter values.
2) Inputs
| Input | Description |
|---|---|
| Real Estate | Estimated current market value of your home and any other properties or land. |
| Checking Accounts | Total cash across all checking/current accounts. |
| Savings Accounts | Total cash across all savings accounts, money markets, and HISA equivalents. |
| Retirement Accounts | Balances in 401(k)/403(b)/IRA/RRSP/TFSA/LIRA and similar retirement accounts. |
| Cars (and Vehicles) | Resale value of cars, motorcycles, boats, RVs, etc. |
| Other Assets | Stocks, bonds, crypto, business equity, collectibles, jewelry, and other valuables. |
| Real Estate Loans | Outstanding mortgage balances and other property-secured loans. |
| Credit Card Debt | Current total revolving credit card balances (not just the minimum payment). |
| Personal Loans | Unsecured loans, lines of credit, or loans from family/friends. |
| Student Loans | Total outstanding education loan balances. |
| Car Loans | Outstanding balances on vehicle loans or leases (buyout equivalent if applicable). |
| Other Debt | Medical, business, tax, or any other liabilities not listed above. |
3) How It Works (Formula)
The calculator follows a simple identity:
Net Worth = Total Assets − Total Liabilities
Total Assets= sum of all asset categories you entered.Total Liabilities= sum of all debt categories you entered.
If liabilities exceed assets, your net worth will be negative. That’s a useful baseline for building a payoff/savings plan.
4) Outputs
| Output | What It Means |
|---|---|
| Total Assets | The combined value of everything you own. |
| Total Liabilities | The combined amount you owe across all debts. |
| Net Worth | Your assets minus your liabilities — the core indicator of financial position. |
5) Practical Use Cases
- Progress tracking: Recalculate monthly or quarterly to visualize growth.
- Debt strategy: Prioritize high-interest balances to improve net worth faster.
- Goal setting: Align saving/investing targets with a desired net-worth milestone.
- Portfolio rebalancing: Ensure asset mix supports both liquidity and long-term growth.
- Planning life events: Gauge readiness for home purchases, education funding, or retirement.
6) FAQ
Should I use purchase price or current market value for assets?
Use a reasonable current market value. Update estimates periodically to keep your snapshot realistic.
Do I include retirement accounts even if they’re tax-deferred?
Yes. Enter the full balance. Taxes are realized only when funds are withdrawn and don’t change today’s balance.
What about cars and other depreciating items?
Include their estimated resale value. Depreciation will naturally flow through each time you update values.
How often should I update my net worth?
Monthly or quarterly works well. Use the same cadence so trends are easy to spot.
My net worth is negative — what should I do?
Focus on high-interest debt first, automate savings, and look for ways to raise income. Tracking regularly is step one.
Do I include joint assets and debts?
Yes. If you’re calculating a household net worth, include joint items. For an individual view, include only your share.
