Net Worth Calculator

How to Use This Calculator

1. Enter values for your various assets (cash, investments, property, etc.)
2. Input your liabilities (loans, mortgages, credit card debt, etc.)
3. Click "Calculate" to see your net worth analysis
4. Review the breakdown of assets and liabilities
5. Track changes in your net worth over time

Features

• Calculate total assets and liabilities
• View detailed breakdown by category
• Analyze debt-to-asset ratio
• Visualize wealth composition
• Track financial health indicators

Important Considerations

• Regular updates help track financial progress
• Include all significant assets and liabilities
• Consider asset depreciation and appreciation
• Monitor debt-to-asset ratio for financial health
• Use realistic values for accurate assessment

Frequently Asked Questions

• What is a good net worth?

• A "good" net worth depends on your age, income, lifestyle, and financial goals. Many experts suggest aiming for a net worth equal to your annual income by age 30, and increasing it as you get older. However, everyone's situation is unique—focus on steady growth and progress over time.

• How often should I update my net worth?

• It's a good idea to update your net worth at least once or twice a year, or whenever you experience a major financial change (like buying a home, getting a new job, or paying off debt). Regular updates help you track progress and adjust your financial plan.

• What counts as an asset or liability?

• Assets include anything you own that has value, such as cash, investments, real estate, vehicles, and valuable personal property. Liabilities are debts or obligations you owe, like mortgages, loans, and credit card balances.

• Why is net worth important?

• Net worth is a key indicator of your overall financial health. It helps you understand your financial position, set goals, and make informed decisions about saving, investing, and borrowing.

• Can net worth be negative?

• Yes, if your total liabilities exceed your total assets, your net worth will be negative. This is common for people with large student loans or mortgages early in life. Focus on reducing debt and building assets over time.

• Should I include retirement accounts in my net worth?

• Yes, retirement accounts like 401(k)s, IRAs, and pensions are assets and should be included in your net worth calculation.

• Should I include my home in my net worth?

• Yes, your primary residence is an asset. Include its current market value as an asset, and any outstanding mortgage as a liability.