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Net Worth Calculator
Understanding Your Net Worth and How to Increase it
How to Calculate Net Worth
Use this calculator to get a wide view of your current financial position and calculate your net worth. When your assets are worth more than what you owe in debt, that's how you can increase your net worth. Paying off debt and increasing the value of your assets will continue to strengthen your net worth.
Assets
Start by listing all your assets. Your assets are everything you own that has value. When calculating your net worth, start by listing anything that could be converted into cash. Use current market value, not what you originally paid. For example, your home value should reflect today’s estimate, not the purchase price.
Liabilities
Next list all your liabilities. Liabilities are your debts or financial obligations. These reduce your overall net worth and should be included in full. Use your current payoff amount, not your monthly payment. Even small balances matter, so include everything.
Calculate Your Net Worth
Net Worth=Total Assets−Total Liabilities
Tracking your net worth over time can help you measure progress, make better financial decisions, and stay focused on long-term goals.- If your assets are greater than your liabilities, you have a positive net worth
- If your liabilities are higher, you have a negative net worth
Net Worth Calculator FAQs
Assets include anything you own that has value, such as cash, savings accounts, investments, retirement accounts, real estate, and vehicles.
Liabilities are debts you owe, including mortgages, car loans, credit cards, student loans, and any other outstanding balances.
Pick a time frame the works for you. Most people review their net worth monthly, quarterly, or annually. Tracking it over time helps you see progress and stay on track.
Disclosures
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.