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Assets
Liabilities
Calculate Your Net Worth
The Tools Kit’s free Net Worth Calculator adds up what you own and what you owe and shows the difference: your personal net worth. Enter five kinds of assets (cash and savings, investments, real estate, vehicles and other assets) and five kinds of liabilities (mortgage, car loans, student loans, credit card debt and other debt), and your total assets, total liabilities and net worth update instantly.
Net worth = total assets − total liabilities. Everything runs in your browser, nothing is saved or sent anywhere, and you do not need an account.
How to Use the Net Worth Calculator
- 1
Enter your assets
Fill in Cash & Savings, Investments (stocks, retirement), Real Estate, Vehicles and Other Assets at their current value. Leave any field that does not apply blank.
- 2
Enter your liabilities
Fill in your Mortgage Balance, Car Loans, Student Loans, Credit Card Debt and Other Debt using the amount you still owe today, not the original loan amount.
- 3
Read your net worth
The result card shows your net worth along with total assets and total liabilities, and it updates instantly as you type.
- 4
Try what-if scenarios
Change any figure, such as a paid-off card or a new home value, and watch the net worth figure update without pressing a button.
Blank fields count as zero, so you only need to fill in the categories that apply to you.
Net Worth Formula and a Worked Example
The net worth formula is simple addition and subtraction, which is exactly what the calculator does: no growth rates, weightings or hidden assumptions. Here is a typical homeowner’s balance sheet.
- Assets: $15,000 cash and savings + $60,000 investments + $350,000 real estate + $20,000 vehicles + $5,000 other assets = $450,000
- Liabilities: $280,000 mortgage + $12,000 car loan + $25,000 student loans + $4,000 credit card debt = $321,000
- Net worth: $450,000 − $321,000 = $129,000
Notice that the $350,000 home is entered at its market value and the $280,000 still owed is entered separately as the mortgage. The calculator subtracts the loan for you, so the $70,000 of home equity is already reflected in the result. To see what that mortgage costs, the mortgage calculator shows your monthly payment, total interest and total paid over the loan term.
Assets vs Liabilities: What to Include
The most accurate net worth statement uses today’s values. For assets, that means current account balances and what property or a car would realistically sell for, not the purchase price. For liabilities, use the outstanding balance on each loan or card statement, not the amount you originally borrowed.
Retirement accounts, brokerage accounts and index funds all go in Investments. Jewelry, collectibles, a business stake or money owed to you can go in Other Assets. On the debt side, personal loans, medical bills, tax owed and buy-now-pay-later balances belong in Other Debt. Everyday household items like furniture and clothing are usually left out because they resell for a fraction of their cost.
A car is both an asset and, if financed, a liability. Enter its resale value under Vehicles and the loan under Car Loans; the auto loan calculator shows the monthly payment and total interest on that loan.
Negative Net Worth and How to Grow Yours
A negative net worth simply means you owe more than you own. A recent graduate with $3,000 in savings and a $9,000 car ($12,000 of assets) who owes $40,000 in student loans, $6,000 on the car and $2,000 on a credit card ($48,000 of debt) has a net worth of −$36,000. That is a starting point, not a verdict.
Net worth rises in two ways: paying down debt and growing assets. High-interest balances are usually the first target; the credit card payoff calculator shows how much faster a card clears with a larger monthly payment, and the general loan calculator shows the monthly payment and total interest on a personal loan at a given rate and term. On the asset side, the compound interest calculator shows how regular savings can grow over time.
When you compare net worth across many years, remember that a dollar today buys less than a dollar did a decade ago. The inflation calculator helps you judge whether your growth is real or mostly rising prices.
Common uses
- Taking a one-off snapshot of your personal or household finances
- Tracking net worth over time by recalculating each quarter or year and noting the result
- Comparing scenarios, such as paying off a credit card versus adding to savings
- Preparing figures before a meeting with a financial planner or a loan application
- Working out total wealth before other calculations, such as estimating zakat with the zakat calculator
For more budgeting, loan and savings tools, browse all calculator tools on The Tools Kit.
Net worth terms explained
| Term | What it means here |
|---|---|
| Asset | Anything you own that has a cash value, such as savings, investments, property or a vehicle |
| Liability | Any debt you still owe, such as a mortgage, car loan, student loan or credit card balance |
| Net worth | Total assets minus total liabilities; it can be positive, zero or negative |
| Liquid assets | Cash and assets you can turn into cash quickly without a big loss, like savings or most stocks |
| Home equity | Your home’s market value minus the mortgage still owed on it |
| Market value | What an asset would realistically sell for today, not what you originally paid |
| Negative net worth | When debts exceed assets, common early in a career or soon after taking on student loans |
Frequently Asked Questions
Add up everything you own (assets) and everything you owe (liabilities), then subtract: net worth = total assets - total liabilities. With $450,000 of assets and $321,000 of debts, your net worth is $129,000.
Anything you own that has a cash value: cash and savings, investment and retirement accounts, the market value of real estate, vehicles, and other valuable property. The calculator has a field for each of these five groups.
Any money you still owe: your mortgage balance, car loans, student loans, credit card balances, and other debts such as personal loans or medical bills. Use the current balance, not the original amount borrowed.
Enter the home’s current market value in Real Estate and the remaining loan in Mortgage Balance. The calculator subtracts the mortgage for you, so entering equity in Real Estate as well as the mortgage would count the loan twice.
Yes. Retirement savings belong in the Investments field alongside stocks and funds. Some people prefer to estimate the after-tax value of tax-deferred accounts, but the calculator simply adds whatever figure you enter.
Yes, at what it would sell for today, entered in Vehicles, with any car loan entered in Car Loans. Vehicles lose value quickly, so update the figure each time you recalculate.
Yes. If your debts are larger than your assets, the result is negative and is shown with a minus sign. For example, $12,000 of assets against $48,000 of debts gives a net worth of -$36,000.00, which is common for recent graduates with student loans.
There is no single good number, because income, location and career stage vary so much. The more useful measure is whether your own net worth is rising from one check-in to the next as you pay down debt and build savings.
Once a quarter or once a year is enough for most people. The calculator does not save your figures, so note the result each time and compare it with your previous snapshot.
No. The calculation runs entirely in your browser. Nothing you type is uploaded, stored or logged, and refreshing the page clears every field.
The fields are labeled in dollars and the result is shown with a $ sign, but the math is plain addition and subtraction, so you can enter amounts in any single currency and read the result in that currency.
Reviewed by Raja Jahangir · Last reviewed: October 2, 2026
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How do you calculate net worth?
Net worth is total assets minus total liabilities. Assets include cash, investments, retirement accounts, and property at current market value; liabilities include mortgages, loans, and credit card balances. The figure can be negative early in a career and is most useful tracked over time.