Tracking net worth once or twice a year shows whether you are moving forward. Use realistic market values (what you could sell for), and leave out personal items unless they are valuable. The Federal Reserve’s 2022 SCF put median U.S. household net worth at $192,900.
How to use the Net Worth Calculator
- Primary home
- Other real estate
- Retirement accounts (401k, IRA)
- Stocks, bonds and funds
- Checking and savings
- Vehicles
- Other assets (business, valuables)
- Mortgage
- Home equity loan / HELOC
- Car loans
- Student loans
- Credit cards
- Other debts
Results update as you type, and every field accepts the units shown in its menu.
How it works
Enter the value of each asset and the balance of each debt.
Tips
- Use your real spending from bank statements rather than guesses.
- Automate savings so they happen before you spend.
- Revisit your plan once a year or after any big life change.
- Keep an emergency fund before investing for long-term goals.
Common mistakes to avoid
- Underestimating irregular expenses such as car repairs, gifts and annual bills.
- Ignoring inflation for long-term goals.
- Taking on high-interest debt to fund wants.
Inputs explained
| Field | What to enter |
|---|---|
| Primary home | Amount in your currency |
| Other real estate | Amount in your currency |
| Retirement accounts (401k, IRA) | Amount in your currency |
| Stocks, bonds and funds | Amount in your currency |
| Checking and savings | Amount in your currency |
| Vehicles | Amount in your currency |
| Other assets (business, valuables) | Amount in your currency |
| Mortgage | Amount in your currency |
| Home equity loan / HELOC | Amount in your currency |
| Car loans | Amount in your currency |
| Student loans | Amount in your currency |
| Credit cards | Amount in your currency |
| Other debts | Amount in your currency |
What each result means
- Total assets = [Primary home] + [Other real estate] + [Retirement accounts (401k, IRA)] + [Stocks, bonds and funds] + [Checking and savings] + [Vehicles] + [Other assets (business, valuables)]
- Total liabilities = [Mortgage] + [Home equity loan ÷ HELOC] + [Car loans] + [Student loans] + [Credit cards] + [Other debts]
- Net worth = [Total assets] – [Total liabilities]
- Liquid net worth (cash and investments − non-mortgage debt) = [Checking and savings] + [Stocks, bonds and funds] – [Car loans] – [Student loans] – [Credit cards] – [Other debts]
Example values
How the main result changes when Primary home changes and everything else stays at the example values above:
| Primary home | Net worth |
|---|---|
| 200,000 | 77,000 |
| 300,000 | 177,000 |
| 400,000 | 277,000 |
| 500,000 | 377,000 |
| 600,000 | 477,000 |
| 800,000 | 677,000 |
Formula
Total assets = Σ asset valuesTotal liabilities = Σ debtsNet worth = assets − liabilitiesDebt-to-asset ratio = liabilities ÷ assetsWorked example
Inputs — Primary home: $400,000; Other real estate: $0; Retirement accounts (401k, IRA): $120,000; Stocks, bonds and funds: $30,000; Checking and savings: $15,000; Vehicles: $20,000; Other assets (business, valuables): $5,000; Mortgage: $280,000; Home equity loan / HELOC: $0; Car loans: $12,000; Student loans: $18,000; Credit cards: $3,000; Other debts: $0.
Results — Total assets = $590,000.00; Total liabilities = $313,000.00; Net worth = $277,000.00; Debt-to-asset ratio = 53.05 %; Liquid net worth (cash and investments − non-mortgage debt) = $12,000.00.
Frequently asked questions
What is a good net worth?
A common benchmark is age × income ÷ 10, but any upward trend is good.
Should I include my home?
Yes, at a realistic market value, along with the mortgage.
Should I include my car?
Yes, at its resale value – it depreciates, so update it yearly.
What formula does the Net Worth Calculator use?
Total assets = Σ asset values.