Should I include my home in net worth?

Yes — at a realistic market value, with the mortgage balance as a liability. Some people track a second 'liquid net worth' that excludes the home, since you can't spend a house. Both are valid; just be consistent between check-ins.

How do I value my car, furniture, and other stuff?

Car: use a pricing-guide estimate for a private-party sale. Furniture, electronics, and household goods: most people exclude them entirely — resale value is a fraction of purchase price and they distort the trend. Exception: genuinely sellable items like jewelry, instruments, or collectibles with a real market.

Should retirement accounts count at full value?

Most people count them at face value for simplicity. The precise approach discounts pre-tax accounts (401(k), traditional IRA) by your expected retirement tax rate — a $100K traditional 401(k) might really be worth $75-80K after tax. Roth accounts count at full value since withdrawals are tax-free.

What's a good net worth for my age?

A common rule of thumb is age × annual income ÷ 10 (so a 35-year-old earning $80K would target $280K), but medians tell a humbler story — US median net worth is roughly $39K under age 35 and around $135K for ages 35-44 per the Federal Reserve's Survey of Consumer Finances. Direction beats comparison: aim for the line to go up each quarter.

Is negative net worth bad?

It's normal early in a career, especially with student loans — a new graduate with $40K of loans and $5K of savings sits at −$35K. It becomes a problem when it isn't improving. Track quarterly: if the number is rising (debt falling, assets growing), you're fine regardless of the sign.

Money & Finance · Free tool

Net Worth Calculator

Calculate your net worth instantly by subtracting liabilities from assets. A free, private calculator where all math is processed in your browser with no sign-up.

Updated June 2026

Assets

Liabilities

Total assets

$380,000.00

Total liabilities

$282,500.00

Net worth

$97,500.00

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What it does

Track everything you own against everything you owe with a clean two-column worksheet. Add as many asset rows (cash, investments, home, vehicles, crypto) and liability rows (mortgage, credit cards, student loans) as you need. The calculator sums each column and shows your net worth in real time — everything stays in your browser.

Net worth is the single number that actually measures financial progress. Recompute monthly or quarterly to see the trend. Pair with budget calculator to find cash-flow leaks, or debt payoff to accelerate the liabilities side.

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Example input & output

Input

Assets: Cash $8,000 · Investments $45,000 · Home $350,000 · Car $18,000
Liabilities: Mortgage $280,000 · Car loan $12,000 · Credit cards $3,500

Output

Total assets: $421,000
Total liabilities: $295,500
Net worth: $125,500

A $350K home with a $280K mortgage contributes $70K of net worth — list the full value as an asset and the full balance as a liability rather than netting them yourself.

How to use it

Add asset rows — label each and enter a current value.
Add liability rows — mortgage, credit cards, loans.
Remove any row with the trash icon.
Your net worth updates instantly at the bottom.

How it works

One subtraction: net worth = total assets − total liabilities. The discipline is in what you count. Assets are things you could sell for money: cash, brokerage and retirement accounts, home, vehicles, crypto. Liabilities are everything you owe: mortgage balance, loans, credit card balances.

Common mistakes when using this tool

Using purchase price instead of current value. Your car is worth its resale value today, not what you paid. Same for the house — use a realistic market estimate.
Forgetting retirement accounts. 401(k) and IRA balances are assets even though you can’t spend them today. For precision, haircut pre-tax accounts by your expected tax rate.
Counting income. Salary is not an asset — net worth is a snapshot of what you have, not what’s coming.
Skipping small debts. Store cards, BNPL plans, and family loans are liabilities. Small leaks distort the trend.

A negative result is common early on — student loans against a starter salary. The number matters less than its direction over quarters.

When to use this tool

Any time you want the single number that summarizes financial position — not income, not savings, the whole picture.
Before big decisions (home purchase, career change, sabbatical) that need a baseline.
Tracking progress: net worth rising while income is flat means the system is working.

When not to use it

Cash-flow problems — net worth can look fine while you're short every month; use the cash flow calculator for that.
Valuing a business with inventory, receivables, and goodwill — that needs a proper balance sheet, not a personal worksheet.
Estate or divorce proceedings — those require appraised values and legal definitions of marital property, not self-estimates.

Common use cases

Quarterly net worth check-in — same categories every time, so the trend is comparable.
Preparing a personal financial statement before a mortgage or business loan application.
Deciding whether to attack debt or invest — seeing both columns side by side makes the trade-off concrete.
Couples merging finances and wanting one honest combined snapshot.

Frequently asked questions

Should I include my home in net worth?: Yes — at a realistic market value, with the mortgage balance as a liability. Some people track a second 'liquid net worth' that excludes the home, since you can't spend a house. Both are valid; just be consistent between check-ins.
How do I value my car, furniture, and other stuff?: Car: use a pricing-guide estimate for a private-party sale. Furniture, electronics, and household goods: most people exclude them entirely — resale value is a fraction of purchase price and they distort the trend. Exception: genuinely sellable items like jewelry, instruments, or collectibles with a real market.
Should retirement accounts count at full value?: Most people count them at face value for simplicity. The precise approach discounts pre-tax accounts (401(k), traditional IRA) by your expected retirement tax rate — a $100K traditional 401(k) might really be worth $75-80K after tax. Roth accounts count at full value since withdrawals are tax-free.
What's a good net worth for my age?: A common rule of thumb is age × annual income ÷ 10 (so a 35-year-old earning $80K would target $280K), but medians tell a humbler story — US median net worth is roughly $39K under age 35 and around $135K for ages 35-44 per the Federal Reserve's Survey of Consumer Finances. Direction beats comparison: aim for the line to go up each quarter.
Is negative net worth bad?: It's normal early in a career, especially with student loans — a new graduate with $40K of loans and $5K of savings sits at −$35K. It becomes a problem when it isn't improving. Track quarterly: if the number is rising (debt falling, assets growing), you're fine regardless of the sign.

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