# What is my net worth?

Computes your net worth (everything you own minus everything you owe) and your debt-to-asset ratio from your savings, investments, property and debts.

- Page: https://www.acalculator.org/finance/net-worth-calculator
- JSON spec: https://www.acalculator.org/finance/net-worth-calculator.json
- Version: 003faa66763b

## Default answer

Example with the default inputs (Cash and savings $15,000.00, Investments $25,000.00, Retirement accounts $60,000.00, Home $350,000.00, Other real estate $0.00, Vehicles $20,000.00, Other assets $0.00, Mortgages $250,000.00, Car loans $12,000.00, Student loans $18,000.00, Credit cards $3,000.00, Other debts $0.00): With $470,000.00 of assets and $283,000.00 of debts, your net worth is $187,000.00.

## Inputs

| Key | Label | Description |
| --- | --- | --- |
| cash | Cash and savings | Checking, savings, money market accounts and CDs. |
| investments | Investments | Stocks, bonds, funds and other investments outside retirement accounts, at today’s value. |
| retirement | Retirement accounts | 401(k), 403(b), IRA and other retirement account balances. |
| home | Home | What your home would sell for today. |
| property | Other real estate | Other property you own, at today’s value. |
| vehicles | Vehicles | What your cars and other vehicles would sell for. |
| oassets | Other assets | Anything else of value you could sell: a business, jewelry, collectibles, money owed to you. |
| mortgage | Mortgages | What you still owe on mortgages and home equity loans. |
| car | Car loans | What you still owe on vehicle loans. |
| student | Student loans | What you still owe on student loans. |
| cards | Credit cards | Credit card balances you have not paid off. |
| odebts | Other debts | Personal loans, medical bills, taxes owed and any other debt. |

## Outputs

| Key | Label | Description |
| --- | --- | --- |
| netWorth | Your net worth | Total assets minus total liabilities. Negative when you owe more than you own. |
| assets | Total assets | Everything you own, added up. |
| liabilities | Total liabilities | Everything you owe, added up. |
| ratio | Debt-to-asset ratio | Total liabilities ÷ total assets × 100, to 2 decimals (halves up). Left out when you own nothing, or when it is over 1 trillion percent. |

## 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.

## Worked examples

1. cash = $15,000.00, investments = $25,000.00, retirement = $60,000.00, home = $350,000.00, vehicles = $20,000.00, mortgage = $250,000.00, car = $12,000.00, student = $18,000.00, cards = $3,000.00 gives assets = $470,000.00, liabilities = $283,000.00, netWorth = $187,000.00, ratio = 60.21%. Source: Fidelity Learning Center, "Net worth": assets − liabilities = net worth (https://www.fidelity.com/learning-center/smart-money/net-worth).
2. cash = $2,500.00, vehicles = $8,000.00, student = $35,000.00, cards = $4,200.50 gives assets = $10,500.00, liabilities = $39,200.50, netWorth = -$28,700.50, ratio = 373.34%. Source: Fidelity Learning Center, "Net worth": assets − liabilities = net worth (https://www.fidelity.com/learning-center/smart-money/net-worth).
3. student = $20,000.00 gives assets = $0.00, liabilities = $20,000.00, netWorth = -$20,000.00. Source: Fidelity Learning Center, "Net worth": assets − liabilities = net worth (https://www.fidelity.com/learning-center/smart-money/net-worth).

## FAQ

### How do I calculate my net worth?

Add up everything you own (assets), add up everything you owe (liabilities), and subtract the second total from the first. $470,000 of assets and $283,000 of debts is a net worth of $187,000.

### Can net worth be negative?

Yes. If you owe more than you own, your net worth is below zero. This is common early in a career, for example with student loans and few savings. Paying down debt and saving both raise it.

### Should I count my home and my car?

Yes, at what they would sell for today, not what you paid. Count the mortgage and the car loan as debts, so only your equity adds to your net worth.

### Do retirement accounts count?

Yes. A 401(k) or IRA balance is an asset. It is taxed or penalized in some cases when you take it out, and this calculator does not take those taxes off.

### What is a debt-to-asset ratio?

Your total debts as a percent of your total assets. $283,000 of debts against $470,000 of assets is 60.21%. Above 100% means you owe more than you own.

### How often should I work out my net worth?

Once or twice a year is enough for most people. The trend matters more than one number: a net worth that rises over time means you are saving more than you borrow.

### Is net worth the same as income?

No. Income is what you earn over a period; net worth is what you have at one moment. A high income with high spending and debt can come with a low net worth.

## 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