{
  "id": "net-worth",
  "version": "003faa66763b",
  "status": "published",
  "name": "Net Worth Calculator",
  "question": "What is my net worth?",
  "summary": "Computes your net worth (everything you own minus everything you owe) and your debt-to-asset ratio from your savings, investments, property and debts.",
  "category": "finance",
  "subcategory": "investing",
  "url": "https://www.acalculator.org/finance/net-worth-calculator",
  "markdown": "https://www.acalculator.org/finance/net-worth-calculator.md",
  "kind": "function",
  "method": "net worth = total assets − total liabilities; debt-to-asset ratio = total liabilities ÷ total assets × 100.",
  "assumptions": [
    "Assets are at what they would sell for today; debts are what is still owed today.",
    "Taxes and selling costs you would pay to turn assets into cash are not taken off.",
    "Arithmetic is exact on the typed decimals; money shows to the cent and the ratio to 2 decimals, halves up."
  ],
  "inputs": {
    "$schema": "https://json-schema.org/draft/2020-12/schema",
    "type": "object",
    "properties": {
      "cash": {
        "title": "Cash and savings",
        "description": "Checking, savings, money market accounts and CDs.",
        "type": "number",
        "x-unit": "USD",
        "minimum": 0,
        "maximum": 1000000000000
      },
      "investments": {
        "title": "Investments",
        "description": "Stocks, bonds, funds and other investments outside retirement accounts, at today’s value.",
        "type": "number",
        "x-unit": "USD",
        "minimum": 0,
        "maximum": 1000000000000
      },
      "retirement": {
        "title": "Retirement accounts",
        "description": "401(k), 403(b), IRA and other retirement account balances.",
        "type": "number",
        "x-unit": "USD",
        "minimum": 0,
        "maximum": 1000000000000
      },
      "home": {
        "title": "Home",
        "description": "What your home would sell for today.",
        "type": "number",
        "x-unit": "USD",
        "minimum": 0,
        "maximum": 1000000000000
      },
      "property": {
        "title": "Other real estate",
        "description": "Other property you own, at today’s value.",
        "type": "number",
        "x-unit": "USD",
        "minimum": 0,
        "maximum": 1000000000000
      },
      "vehicles": {
        "title": "Vehicles",
        "description": "What your cars and other vehicles would sell for.",
        "type": "number",
        "x-unit": "USD",
        "minimum": 0,
        "maximum": 1000000000000
      },
      "oassets": {
        "title": "Other assets",
        "description": "Anything else of value you could sell: a business, jewelry, collectibles, money owed to you.",
        "type": "number",
        "x-unit": "USD",
        "minimum": 0,
        "maximum": 1000000000000
      },
      "mortgage": {
        "title": "Mortgages",
        "description": "What you still owe on mortgages and home equity loans.",
        "type": "number",
        "x-unit": "USD",
        "minimum": 0,
        "maximum": 1000000000000
      },
      "car": {
        "title": "Car loans",
        "description": "What you still owe on vehicle loans.",
        "type": "number",
        "x-unit": "USD",
        "minimum": 0,
        "maximum": 1000000000000
      },
      "student": {
        "title": "Student loans",
        "description": "What you still owe on student loans.",
        "type": "number",
        "x-unit": "USD",
        "minimum": 0,
        "maximum": 1000000000000
      },
      "cards": {
        "title": "Credit cards",
        "description": "Credit card balances you have not paid off.",
        "type": "number",
        "x-unit": "USD",
        "minimum": 0,
        "maximum": 1000000000000
      },
      "odebts": {
        "title": "Other debts",
        "description": "Personal loans, medical bills, taxes owed and any other debt.",
        "type": "number",
        "x-unit": "USD",
        "minimum": 0,
        "maximum": 1000000000000
      }
    }
  },
  "outputs": {
    "netWorth": {
      "label": "Your net worth",
      "description": "Total assets minus total liabilities. Negative when you owe more than you own.",
      "format": "money"
    },
    "assets": {
      "label": "Total assets",
      "description": "Everything you own, added up.",
      "format": "money"
    },
    "liabilities": {
      "label": "Total liabilities",
      "description": "Everything you owe, added up.",
      "format": "money"
    },
    "ratio": {
      "label": "Debt-to-asset ratio",
      "description": "Total liabilities ÷ total assets × 100, to 2 decimals (halves up). Left out when you own nothing, or when it is over 1 trillion percent.",
      "format": "percent"
    }
  },
  "defaultAnswer": {
    "inputs": {
      "cash": 15000,
      "investments": 25000,
      "retirement": 60000,
      "home": 350000,
      "property": 0,
      "vehicles": 20000,
      "oassets": 0,
      "mortgage": 250000,
      "car": 12000,
      "student": 18000,
      "cards": 3000,
      "odebts": 0
    },
    "outputs": {
      "netWorth": 187000,
      "assets": 470000,
      "liabilities": 283000,
      "ratio": 60.21
    },
    "text": "With $470,000.00 of assets and $283,000.00 of debts, your net worth is $187,000.00."
  },
  "examples": [
    {
      "given": {
        "cash": 15000,
        "investments": 25000,
        "retirement": 60000,
        "home": 350000,
        "vehicles": 20000,
        "mortgage": 250000,
        "car": 12000,
        "student": 18000,
        "cards": 3000
      },
      "expect": {
        "assets": 470000,
        "liabilities": 283000,
        "netWorth": 187000,
        "ratio": 60.21
      },
      "source": "Fidelity Learning Center, \"Net worth\": assets − liabilities = net worth (https://www.fidelity.com/learning-center/smart-money/net-worth); hand calculation in content.mdx: 470,000 − 283,000 = 187,000; 283,000 ÷ 470,000 = 60.21%"
    },
    {
      "given": {
        "cash": 2500,
        "vehicles": 8000,
        "student": 35000,
        "cards": 4200.5
      },
      "expect": {
        "assets": 10500,
        "liabilities": 39200.5,
        "netWorth": -28700.5,
        "ratio": 373.34
      },
      "source": "Fidelity Learning Center, \"Net worth\": assets − liabilities = net worth (https://www.fidelity.com/learning-center/smart-money/net-worth); hand calculation in content.mdx: a negative net worth: 10,500 − 39,200.50 = −28,700.50"
    },
    {
      "given": {
        "student": 20000
      },
      "expect": {
        "assets": 0,
        "liabilities": 20000,
        "netWorth": -20000
      },
      "source": "Fidelity Learning Center, \"Net worth\": assets − liabilities = net worth (https://www.fidelity.com/learning-center/smart-money/net-worth); hand calculation in content.mdx: no assets, so no debt-to-asset ratio"
    }
  ],
  "sources": [
    "Fidelity Learning Center, \"Net worth: What it is and how to calculate it\": assets − liabilities = net worth. https://www.fidelity.com/learning-center/smart-money/net-worth",
    "Board of Governors of the Federal Reserve System, Survey of Consumer Finances (family net worth is assets minus debts). https://www.federalreserve.gov/econres/scfindex.htm"
  ],
  "related": [
    "budget",
    "debt-to-income-ratio",
    "investment"
  ],
  "changelog": []
}