Networth Calculator

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Personal Net Worth Calculator

Your Assets (What You Own)

Your Liabilities (What You Owe)

Your Financial Snapshot

Total Assets $0
Total Liabilities $0
Calculated Net Worth: $0
function calculateNetWorth() { // Assets var cash = parseFloat(document.getElementById('cash_assets').value) || 0; var savings = parseFloat(document.getElementById('savings_assets').value) || 0; var retirement = parseFloat(document.getElementById('retirement_assets').value) || 0; var brokerage = parseFloat(document.getElementById('brokerage_assets').value) || 0; var realestate = parseFloat(document.getElementById('realestate_assets').value) || 0; var otherAssets = parseFloat(document.getElementById('other_assets').value) || 0; // Liabilities var mortgage = parseFloat(document.getElementById('mortgage_debt').value) || 0; var auto = parseFloat(document.getElementById('auto_debt').value) || 0; var student = parseFloat(document.getElementById('student_debt').value) || 0; var credit = parseFloat(document.getElementById('credit_debt').value) || 0; var otherDebt = parseFloat(document.getElementById('other_debt').value) || 0; var totalAssets = cash + savings + retirement + brokerage + realestate + otherAssets; var totalLiabilities = mortgage + auto + student + credit + otherDebt; var netWorth = totalAssets – totalLiabilities; // Display Results document.getElementById('total_assets_display').innerText = '$' + totalAssets.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('total_liabilities_display').innerText = '$' + totalLiabilities.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('net_worth_final').innerText = '$' + netWorth.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); // Color formatting for negative net worth if (netWorth < 0) { document.getElementById('net_worth_final').style.color = '#e53e3e'; } else { document.getElementById('net_worth_final').style.color = '#2b6cb0'; } document.getElementById('result-container').style.display = 'block'; }

What is Net Worth and How is it Calculated?

In simple terms, your Net Worth is the sum of everything you own (your assets) minus the sum of everything you owe (your liabilities). It is the single most important metric for measuring your overall financial health and progress toward wealth accumulation.

The Net Worth Formula

Net Worth = Total Assets – Total Liabilities

Understanding Assets vs. Liabilities

To use this calculator effectively, you must understand what belongs in each category:

  • Liquid Assets: Cash in checking and savings accounts, or certificates of deposit (CDs) that can be accessed quickly.
  • Invested Assets: Money in retirement accounts (401k, 403b, IRAs) and taxable brokerage accounts (stocks, bonds, ETFs).
  • Real Assets: The market value of your primary residence, investment properties, and vehicles.
  • Liabilities: These are your debts. Common examples include your mortgage principal balance, car loans, outstanding student loans, and high-interest credit card debt.

Why Your Net Worth Matters

While your income tells you how much money is coming in, your net worth tells you how much of that money you are actually keeping and growing. Tracking your net worth over time allows you to:

  1. Measure Progress: See if your wealth is growing month-over-month.
  2. Identify Debt Issues: Visualize how much of your wealth is being "eaten" by liabilities.
  3. Plan for Retirement: Determine if your invested assets are sufficient to support your lifestyle without a traditional paycheck.

Example Net Worth Calculation

Imagine the following scenario for a young professional:

Assets:
  • Savings: $10,000
  • 401k: $45,000
  • Home Value: $350,000
  • Total Assets: $405,000
Liabilities:
  • Mortgage: $280,000
  • Student Loans: $15,000
  • Credit Card: $2,000
  • Total Liabilities: $297,000

Resulting Net Worth: $108,000

Frequently Asked Questions

Is a negative net worth bad?
It is common for young adults or recent graduates with high student loan debt to have a negative net worth. The goal is to trend toward a positive number over time by paying down debt and increasing investments.

How often should I calculate my net worth?
Most financial experts recommend updating your net worth statement quarterly or annually. Monthly tracking may be too volatile due to stock market fluctuations.

Should I include my car in assets?
Yes, but use the "Blue Book" resale value, not the price you paid for it, as vehicles are depreciating assets.

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