FREE NET WORTH CALCULATOR

See What You Own, What You Owe and Where You Stand

DebtWave's free net worth calculator helps you compare your assets with your debts to get a clearer picture of your overall financial health. Enter the value of what you own, subtract what you owe and see your estimated net worth instantly.

More importantly, your result can give you a starting point for setting savings goals, reducing debt and tracking your financial progress over time.

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The Net Worth Formula

Assets − Liabilities = Net Worth

Assets are things you own that have financial value. Liabilities are debts and financial obligations you still owe.

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START WITH YOUR COMPLETE FINANCIAL PICTURE

How to Use a Net Worth Calculator

Using a net worth calculator is simpler than it may sound. First, total the current value of your assets. Next, total the debts you still owe. Finally, subtract your liabilities from your assets to see your estimated net worth.

Couple reviewing finances for a net worth calculator
Reviewing your assets and debts can help you understand your complete financial picture.
1

Add Your Assets

Include cash, bank accounts, retirement savings, investments, real estate, vehicles and other assets that have meaningful financial value.

2

Add Your Liabilities

Include mortgages, credit card balances, vehicle loans, student loans, personal loans and other debts you currently owe.

3

Subtract What You Owe

Subtract total liabilities from total assets. The result is your estimated personal net worth today.

Free Net Worth Calculator

Enter approximate current values below. Leave any category that does not apply to you blank.

What You Own

Enter the approximate current value of your assets.

Enter the estimated current market value of your home or other property.
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Include the current balances in all personal and joint checking accounts.
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Include savings, money market accounts, CDs and similar cash reserves.
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Include 401(k), 403(b), IRA, Roth IRA and other retirement account balances.
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Include stocks, bonds, mutual funds, ETFs and brokerage account values.
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Enter the current value of cars, trucks, motorcycles, boats or RVs you own.
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Include business interests or other property with meaningful financial value.
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Total Assets $0

What You Owe

Enter the current balances of your debts.

Enter remaining balances on mortgages, HELOCs and other property loans.
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Include the current outstanding balances on all of your credit cards.
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Include remaining balances on personal, unsecured or consolidation loans.
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Include the current balances on federal and private student loans you owe.
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Include balances on auto, motorcycle, boat or recreational vehicle loans.
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Include medical bills, collections and other unsecured balances you still owe.
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Include any other outstanding debts or financial obligations not listed above.
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Total Liabilities $0

Your numbers are calculated in your browser and are not submitted to DebtWave.

Your Estimated Net Worth

$0

Total Assets $0
Total Liabilities $0
Net Worth $0

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UNDERSTAND THE NUMBERS

What Counts Toward Your Net Worth?

A net worth calculator works best when you include a complete picture of your finances. Your net worth includes more than the balance in your bank account. Instead, it compares the financial value of what you own with the balances you still owe.

Common Assets

Assets generally include items that have measurable financial value. For example, your home can be an asset even when you still have a mortgage.

  • Checking and savings accounts
  • Retirement accounts
  • Stocks, bonds and investments
  • Real estate
  • Vehicles
  • Business ownership interests
  • Other property with meaningful financial value

Common Liabilities

Liabilities include money you currently owe. Therefore, use current balances rather than the original amount borrowed whenever possible.

  • Mortgages
  • Credit card balances
  • Auto loans
  • Student loans
  • Personal loans
  • Medical debt
  • Other outstanding loans and debts

WHEN LIABILITIES ARE HIGHER

What Does a Negative Net Worth Mean?

A negative result from a net worth calculator simply means your current liabilities are greater than the value of your assets. For example, someone early in their career may have student loans or a recently purchased vehicle while having relatively little accumulated savings.

However, your net worth is not fixed. Paying down debt, contributing to savings and retirement accounts, and building other assets can improve the number over time.

High-interest credit card debt can be particularly important because interest charges may slow the pace at which your balances decline. Therefore, evaluating those debts can be a useful part of improving your overall financial picture.

Have High-Interest Credit Card Debt?

DebtWave provides free nonprofit credit counseling. A counselor can review your credit card balances, interest rates, monthly payments and household budget with you.

Additionally, eligible consumers may be able to use a Debt Management Program to repay participating unsecured debts without taking out another loan.

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FEDERAL RESERVE BENCHMARKS

Median Net Worth by Age

After using the net worth calculator, comparing your result with other households can provide some context. However, age benchmarks are not financial goals. Housing costs, income, education, family size, geography and many other factors can significantly affect net worth.

Age of Reference Person Median Family Net Worth
Under 35 $39,000
35–44 $135,600
45–54 $247,200
55–64 $364,500
65–74 $409,900
75 or older $335,600

Source: Federal Reserve Board Survey of Consumer Finances . Figures shown are median family net worth from the 2022 survey and are expressed in 2022 dollars.

LOOK BEYOND A SINGLE NUMBER

Why Track Your Net Worth?

One calculation gives you a snapshot. Using the net worth calculator periodically can be more useful because it shows whether your overall financial position is moving in the direction you want.

1

Measure Debt Reduction

As debt balances decline, liabilities decrease. Consequently, your net worth generally improves even if your assets remain unchanged.

2

Track Savings Growth

Building emergency savings, retirement accounts and investments increases the asset side of your personal balance sheet.

3

See the Bigger Picture

Meanwhile, your credit score tells only part of your financial story. Net worth focuses on the relationship between everything you own and everything you owe.

FREE DEBTWAVE FINANCIAL TOOLS

Understand More Than Your Net Worth

After completing the net worth calculator, these free DebtWave tools can help you take the next step by evaluating debt payments, repayment timelines and your monthly financial obligations.

Credit Card Payoff Calculator

Estimate how long your current credit card debt may take to repay based on your balance, APR and monthly payment.

Calculate My Payoff Time →

Debt-to-Income Calculator

Compare your monthly debt obligations with your gross monthly income to estimate your debt-to-income ratio.

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Debt Management Plan Calculator

Enter your creditor information to compare current credit card terms with estimated Debt Management Program terms.

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NONPROFIT CREDIT COUNSELING

Improving Net Worth Can Start With Reducing Debt

A net worth calculator can show how much your liabilities affect your overall financial position. If unsecured debt represents a large portion of what you owe, reviewing your repayment strategy may help you identify opportunities to make progress.

DebtWave Credit Counseling, Inc. is a 501(c)(3) nonprofit credit counseling organization. Our counselors can review your income, expenses, credit card balances, interest rates and monthly payments before helping you compare repayment options.

In addition, the Consumer Financial Protection Bureau provides information about credit counseling, budgeting and Debt Management Plans.

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NET WORTH CALCULATOR QUESTIONS

Frequently Asked Questions About Net Worth

These common questions can help you understand how to use a net worth calculator and what your result may tell you about your finances.

What is net worth?
Net worth is the value of your assets minus your liabilities. In other words, add up what you own and subtract what you owe. A positive result means the estimated value of your assets is greater than your debts.
How do I calculate my net worth?
First, total the current value of your assets, including cash, savings, investments, retirement accounts, real estate and vehicles. Next, total your current debt balances. Finally, subtract total liabilities from total assets. DebtWave's free net worth calculator performs the calculation for you.
Should my house be included in my net worth?
Generally, yes. Enter your home's approximate current market value as an asset and your remaining mortgage balance as a liability. The difference contributes to your estimated net worth.
Should my car be included in my net worth?
You can include your vehicle's estimated current value as an asset. However, also include any outstanding auto loan balance as a liability.
What does a negative net worth mean?
Negative net worth means your current liabilities exceed your assets. This may occur when someone has significant student loans, credit card debt, vehicle loans or other obligations. Paying down debt and building assets can improve net worth over time.
Does paying off debt increase net worth?
Generally, reducing a debt lowers your liabilities. Therefore, assuming your other assets and liabilities remain the same, paying down debt improves your net worth. Interest charges can affect how quickly a debt balance declines.
Is net worth the same as a credit score?
No. A credit score is based on information in your credit history and is commonly used by lenders to evaluate credit risk. Net worth is a separate calculation comparing the value of your assets with your liabilities.
How often should I use a net worth calculator?
There is no required schedule. However, using a net worth calculator every few months or once or twice per year can help you identify longer-term changes in your debt, savings and investments.
Does using DebtWave's net worth calculator affect my credit?
No. The calculator does not require a credit check. You enter your own estimated asset values and debt balances, and the calculation takes place directly in your browser.

TAKE THE NEXT STEP

Want to Improve Your Overall Financial Picture?

Your net worth calculator result gives you a starting point. If credit card debt is making it difficult to move forward, a free DebtWave credit counseling session can help you review your balances, interest rates, monthly payments and repayment options.

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