How do you calculate net worth?
Add up the current value of everything you own, add up the balance of everything you owe, and subtract the second figure from the first.
The calculator adds your rows exactly (to the cent), groups them by category and shows each category's share of your assets or your debts. The currency selector only changes the symbol: it doesn't convert anything, so enter every amount in the same currency.
Debt to assets is a quick health check. Under 50% means you own more than twice what you owe. A high figure is normal early in a mortgage and falls as you pay it down and the property grows in value.
What should you include?
- Property at what it would sell for today, not what you paid. Use a recent estimate or valuation.
- Cash: everyday, savings and offset accounts, term deposits.
- Retirement accounts such as a 401(k), IRA, ISA, SIPP, RRSP or super, at the latest balance.
- Investments: shares, ETFs, funds and crypto at today's market value.
- Vehicles and valuables at resale value, if they're worth enough to matter.
- Debts: the balance owing on mortgages, car loans, student loans, personal loans and credit cards (the statement balance, not the credit limit).
Leave out things you can't sell (your salary, an expected inheritance) and everyday spending. The guide to calculating net worth covers the edge cases, like joint assets and unvested shares.
Worked example
The figures pre-filled above are illustrative. A household with a home worth 650,000, 25,000 in savings, 180,000 across retirement accounts, 40,000 in shares and an 18,000 car has 913,000 of assets. Against that it owes 420,000 on the mortgage, 9,000 on a car loan and 2,500 on a credit card: 431,500 in total.
Property is 71% of the assets here, which is typical: for many households, net worth is mostly home equity and retirement savings.
What this calculator doesn't do
- It's a snapshot. It doesn't save anything, so there's no history to compare against next month.
- It doesn't convert currencies. If you hold assets in several currencies, convert them first.
- It doesn't value anything for you: the result is only as good as the figures you enter.
- It doesn't handle shared ownership. If you own a property 50/50 with a partner, enter your half, or enter the whole household.
Questions
What is a good net worth for my age?
There's no single good number: it depends on your income, where you live, housing costs and how long you've been saving. A more useful test is whether your own net worth is rising year on year. Official surveys of household wealth (such as the US Federal Reserve's Survey of Consumer Finances or the ABS in Australia) publish medians by age if you want a reference point.
Should I include my home in my net worth?
Yes. Net worth includes your home at its current value, with the mortgage as a liability. Some people also track a figure without the home to see what's available to invest or retire on. You can do both by reading the category breakdown.
Do retirement accounts count towards net worth?
Yes. A 401(k), IRA, ISA, SIPP, RRSP or super balance is yours even if you can't touch it yet. Some people show it separately because it's locked away, but it belongs in the total.
Can net worth be negative?
Yes. If you owe more than you own, often because of student loans or a new mortgage with a small deposit, your net worth is negative. It's common early in a career and isn't a problem in itself if it's moving in the right direction.
How often should I calculate my net worth?
Monthly or quarterly is enough for most people. Daily changes are mostly market noise. The point is the trend, which is why it helps to keep a history rather than recalculate from scratch.
Is my data stored?
No. This calculator runs entirely in your browser and doesn't send what you type anywhere. It only remembers the currency you picked, on your own device.
