Net Worth Calculator

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Net Worth Calculator
Standard Net Worth (Total Assets – Total Liabilities)Liquid Net Worth (Cash & Equities Only)
ASSETS (What You Own)
LIABILITIES (What You Owe)
Results:
Total Net Worth: $0.00
function calculateNetWorth(){var a1=parseFloat(document.getElementById('cash').value)||0;var a2=parseFloat(document.getElementById('invest').value)||0;var a3=parseFloat(document.getElementById('realestate').value)||0;var a4=parseFloat(document.getElementById('vehicles').value)||0;var l1=parseFloat(document.getElementById('mortgage').value)||0;var l2=parseFloat(document.getElementById('student').value)||0;var l3=parseFloat(document.getElementById('credit').value)||0;var l4=parseFloat(document.getElementById('otherliab').value)||0;var type=document.getElementById('calc_type').value;var totalAssets=a1+a2+a3+a4;var totalLiabilities=l1+l2+l3+l4;if(type==='liquid'){totalAssets=a1+a2;totalLiabilities=l3+l4;}var netWorth=totalAssets-totalLiabilities;document.getElementById('resultValue').innerHTML='$'+netWorth.toLocaleString(undefined,{minimumFractionDigits:2,maximumFractionDigits:2});if(document.getElementById('steps').checked){document.getElementById('breakdown').style.display='block';document.getElementById('breakdown').innerHTML='Total Assets: $'+totalAssets.toLocaleString()+'
Total Liabilities: $'+totalLiabilities.toLocaleString();}else{document.getElementById('breakdown').style.display='none';}document.getElementById('calculatorAnswer').style.background='#f0f8ff';}

How to Use the Net Worth Calculator

Tracking your financial progress is essential for long-term success. This net worth calculator allows you to get a comprehensive snapshot of your financial health by comparing everything you own (assets) against everything you owe (liabilities). By entering your current balances, you can determine your financial baseline and set goals for growth.

To use this tool effectively, gather your most recent bank statements, investment account balances, and loan statements.

Cash & Bank Accounts
Include checking accounts, savings accounts, money market accounts, and any physical cash on hand.
Investments
The total value of your 401(k), IRAs, brokerage accounts, and any crypto or precious metal holdings.
Liabilities
Anything that drains your wealth, including mortgage balances, auto loans, student loans, and high-interest credit card debt.

How Net Worth is Calculated

The fundamental equation for net worth is simple but powerful. It represents the "bottom line" of your personal financial statement. The formula used by this net worth calculator is:

Net Worth = Total Assets − Total Liabilities

  • Assets: Items of value that can be converted into cash.
  • Liabilities: Legal debts or financial obligations owed to another party.
  • Positive Net Worth: When assets exceed liabilities, indicating financial flexibility.
  • Negative Net Worth: When liabilities exceed assets, often common for recent graduates with high student debt.

Real-World Calculation Example

Scenario: Meet Sarah. She owns a condo, has some retirement savings, and is paying off a car and student loans. She wants to use the net worth calculator to see where she stands.

Sarah's Financial Breakdown:

  1. Cash: $5,000 (Savings) + $2,000 (Checking) = $7,000
  2. Investments: $45,000 (401k)
  3. Real Estate: $350,000 (Home Market Value)
  4. Mortgage: $280,000
  5. Student Loans: $15,000
  6. Total Assets: $7,000 + $45,000 + $350,000 = $402,000
  7. Total Liabilities: $280,000 + $15,000 = $295,000
  8. Final Net Worth: $402,000 – $295,000 = $107,000

Common Questions

What is a "good" net worth?

A "good" net worth is subjective and depends largely on your age and cost of living. A common benchmark is to have a net worth equal to your annual salary by age 30, and three times your salary by age 40. However, the most important factor is the direction—is your net worth increasing year-over-year?

Should I include my primary residence in the calculation?

Most financial experts suggest including it for a "Total Net Worth" calculation, as it is a significant asset. However, for "Liquid Net Worth" (the money you can access quickly in an emergency), you should exclude your home and focus only on cash and brokerage accounts.

How often should I check my net worth?

Checking your net worth quarterly or annually is usually sufficient. Monthly checks can be discouraging due to market fluctuations in your retirement accounts or real estate value. The goal of using a net worth calculator is to track the long-term trend of debt reduction and asset accumulation.

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