How to use it
- Enter the current value of each asset: cash, investments, home, vehicles and anything else.
- Enter the balance you still owe on each debt: mortgage, loans, student loans, cards and other debts.
- Read Net worth at the top. It is the total of your assets minus the total of your debts.
- Open Every item to check each figure, and use Download as CSV to keep the table.
How net worth is calculated
Net worth is what you own minus what you owe. A Federal Reserve Bulletin article on the Survey of Consumer Finances defines it as the difference between families' gross assets and their liabilities.
The calculator adds up the assets you enter, adds up the debts, and subtracts the second total from the first.
Net worth = total assets − total liabilities
Total assets = cash + investments + home + vehicles + other assets
Total liabilities = mortgage + car and personal loans + student loans + credit cards + other debts- Assets: what you own that has a value, such as cash, investments, a home and vehicles.
- Liabilities: what you owe, such as a mortgage, loans, student loans and credit card balances.
How to value each item
Enter each asset at its current value, what it would sell for today, and not what you paid for it. Enter each debt at the balance you still owe, not the amount you first borrowed.
Use the same date for every figure, so that the total describes one moment. Net worth changes as prices and balances change.
What this calculator does not include
- Income you expect later, and pension payments you cannot draw yet, unless you enter their current value.
- Tax you would pay if you sold an asset, and the cost of selling it.
- Anything you do not list, such as a business you own, unless you enter its value as an asset.
Worked example: 294,000 of assets and 203,500 of debts
The default figures add up to total assets of 294,000.00: cash 4,000, investments 25,000, home 250,000 and vehicles 15,000. Debts add up to 203,500.00: mortgage 180,000, car and personal loans 9,000, student loans 12,000 and credit cards 2,500.
Net worth = 294,000.00 − 203,500.00 = 90,500.00.
| Amount | |
|---|---|
| Total assets | 294,000.00 |
| Total liabilities | 203,500.00 |
| Net worth | 90,500.00 |
Frequently asked questions
Is there a good net worth figure?
There is no single good figure, because it depends on age, income and goals. Track the number over time, since the change from one year to the next shows the direction you are moving in.
Should I include my home?
Yes, if you own it. Count its current value as an asset and the mortgage balance as a debt. The difference is the equity you hold in the home, and it is part of your net worth.
Does net worth include my pension?
Include the current value of any pension or retirement account you own. The calculator uses the figure you enter, so a pension that pays a set income for life is not valued separately.
Is net worth the same as my bank balance?
No. Net worth counts everything you own and subtracts everything you owe, so a large bank balance can still leave a low or negative net worth when the debts are high.
Does paying off a loan with cash change my net worth?
Not by itself. Cash and the debt both fall by the same amount, so the difference stays the same. Net worth changes when the value of what you own changes, or when the debts grow faster than the assets.
Sources
Figures and text last checked on Thursday, November 12, 2026.