Net Worth Calculator

Net worth is the total value of everything you own (assets) minus everything you owe (liabilities). It is the single most complete snapshot of your financial position. Unlike income, which shows cash flow, net worth shows accumulated wealth. Tracking it over time reveals whether your financial decisions are building long-term security or not.

US assets include: checking and savings account balances, investment accounts (brokerage, 401(k), IRA, HSA), real estate (current market value), vehicles, business ownership interests, and valuable personal property. Include your 401(k) and IRA balances at their current market value, even though they cannot be freely accessed until retirement age.

US liabilities include: mortgage balance, student loan balance, auto loan balance, credit card balances (the outstanding amount, not the limit), personal loan balances, medical debt, and any other money owed. Do not include monthly expenses or future costs; only include current balances of actual debts.

Most US personal finance experts recommend tracking net worth monthly or quarterly. Monthly tracking ties to your budget review cycle. A spreadsheet or app like Personal Capital (Empower), Monarch Money, or YNAB can automate asset valuations. The important thing is consistency: comparing the same month each year removes seasonality effects.

Yes. Your 401(k) and IRA balances are real assets you own, even though they have restrictions on withdrawal before age 59.5. Include them at current market value. Note that when you withdraw, taxes will be due (for traditional accounts), so your true spendable value is somewhat less. Some people track a separate after-tax net worth estimate for this reason.

Net worth is total assets minus total liabilities. It gives a complete picture of your accumulated financial position, unlike income which only shows cash flow. For UK residents, net worth should include the current value of your home, pension pot, ISA balances, and all debts outstanding. Tracking it annually shows whether your financial decisions are building long-term wealth.

UK assets include: bank and savings account balances, ISA balances (Cash and Stocks and Shares), pension value (current transfer value or projected pot), property (current market value), vehicles, business interests, and other investments. Your workplace pension current transfer value can be requested from your provider and should be included.

UK liabilities include: mortgage outstanding balance, student loan balance (Plan 1, 2, or 5), personal loan balances, credit card balances, car finance outstanding, and any other debts. Do not include monthly bills; only include outstanding debt balances. Note that student loan repayments in the UK are income-contingent and many will never be fully repaid, so some choose to exclude them.

Quarterly is a practical frequency for most UK households, aligning with the financial year quarter. An annual review after April (UK tax year end) provides a clean year-on-year comparison. Tools like Money Dashboard or Emma can link to UK bank accounts and investments to automate tracking. Include any pension statements received annually.

Yes. Your pension is a significant asset. For a defined contribution (DC) pension, use the current fund value from your provider. For a defined benefit (DB) pension, use the transfer value (CETV) if available, or a multiple of the annual pension (commonly 20-25 times). Your pension is real wealth even though you cannot access it until your pension age.

Net worth is total assets minus total liabilities. It is the most comprehensive measure of accumulated wealth, going beyond income to show your true financial position. For Australians, superannuation is often the largest single asset and should always be included. ASIC Moneysmart recommends tracking net worth as a foundation of financial planning.

Australian assets include: bank accounts, savings and offset account balances, superannuation (current balance or rollover value), property (current market value), share portfolio and ETFs, managed funds, vehicles, business interests, and other valuables. Your superannuation balance is real wealth even though it cannot be accessed until retirement, so include it at current balance.

Australian liabilities include: home loan outstanding balance, car loan balance, personal loan balance, credit card balances (outstanding amount, not limit), student loan or FEE-HELP debt (the current indexed balance), and any other outstanding debts. HECS-HELP and FEE-HELP debts are often excluded by some Australians as they are income-contingent with no interest, but they are technically liabilities.

Quarterly is a practical frequency, aligning with the end of each financial quarter. An annual review after 30 June (end of Australian financial year) provides a clean comparison. Moneysmart has a net worth tracker, and apps like Pocketbook or Frollo can link Australian bank accounts and provide automatic tracking.

Yes, absolutely. For most working Australians, super is their largest single financial asset. Include the current balance from your most recent superannuation statement or online account. While you cannot access super until your preservation age (generally 60), it is entirely yours and grows tax-effectively. Monitoring it is a key part of tracking your overall financial health.

Net worth equals your total assets minus your total liabilities. It is the most complete measure of your accumulated financial wealth, beyond monthly income or cash flow. The FCAC recommends calculating net worth as a starting point for any financial plan. For Canadians, RRSP, TFSA, and DPSP balances are significant assets to include.

Canadian assets include: bank account balances, TFSA value, RRSP and RRIF balances, FHSA balance, employer pension (current commuted value for DC plans), real estate (current market value), vehicle value, non-registered investment accounts, business interests, and other valuables. Include all registered account balances at current market value.

Canadian liabilities include: mortgage outstanding balance, HELOC balance used, auto loan balance, personal loan balance, credit card and line of credit balances, student loan balance (including provincial student loans), and any other outstanding debts. Do not include future payments or monthly bills; only current outstanding debt balances.

Quarterly is a practical frequency for most Canadians. An annual review in January (after year-end statements) or in March (before RRSP deadline) provides a natural review point. The FCAC budget planner includes a net worth section. Apps like Wealthica or Mint Canada can aggregate Canadian financial accounts for automatic tracking.

Yes. Both are real assets you own. Your TFSA balance is entirely yours and can be withdrawn tax-free at any time. Your RRSP balance is yours subject to withholding tax at withdrawal. Include both at current market value. Some Canadians calculate a parallel after-tax net worth by discounting RRSP balances by their expected marginal tax rate at retirement.