Net Worth Calculator
See your true financial position in seconds. Add up what you own, subtract what you owe, and track your net worth over time as you pay down debt and grow your assets.
What Is Net Worth and Why It Matters
Your net worth is the simplest snapshot of your financial health. It’s the difference between everything you own and everything you owe. Income tells you how much money flows in each month — net worth tells you how much you’re actually building.
Tracking net worth over time helps you see whether your decisions are moving you forward or backward. As you pay down debt, grow savings, and invest consistently, your net worth should trend upward — even if it fluctuates month to month.
How to Use This Net Worth Calculator
- Estimate or total your assets: cash, savings, investments, retirement accounts, home equity, and other valuable property.
- Estimate or total your debts: credit cards, student loans, auto loans, personal loans, medical debt, and mortgages.
- Click “Calculate Net Worth” to see your net worth and a quick interpretation of the result.
Assets vs. Debts: Simple Breakdown
For a more detailed view, you can list assets and debts by category in a spreadsheet or notebook, then enter the totals here:
- Common assets: checking and savings balances, investment and retirement accounts (401(k), IRA, brokerage), home value minus mortgage, vehicles, and other property that could reasonably be sold.
- Common debts: credit card balances, student loans, auto loans, personal loans, medical debt, and remaining mortgage balances.
How Often Should You Check Your Net Worth?
Most people don’t need to check every day. Monthly or quarterly updates are enough to reveal your trend line. The goal is not to obsess over every fluctuation — it’s to stay aware of your direction and adjust your savings, debt payoff, and investing plans accordingly.
Once you know your net worth, you can use other FinFormulas tools to improve it over time — for example, try the Budget Calculator to free up cash flow, the Debt Snowball Calculator to pay off balances faster, or the Investment Calculator to see how consistent investing can grow your assets.