How to use the net worth calculator
- In What you own, list each asset with a name, a type and its current value. Use the Add an asset button for more rows.
- In What you owe, list each debt with a name, a type and the balance owed today.
- Read your net worth, the totals, and the breakdown by type. Use Print or Download PDF for a statement, or CSV for a spreadsheet.
- Choose Save in this browser if you want your entries to be there next time. Nothing is uploaded, and this tool has no share link, so your lists never appear in a web address.
Formula
Total assets = sum of every asset value
Total debts = sum of every balance owed
Net worth = total assets - total debts
Share of a type = total of that type / total assets (or total debts)
A negative net worth means you owe more than you own. Net worth is a snapshot of one day, and values such as a home or a car are estimates until they are sold.
Worked example
Take a household with $12,000 in cash and savings, $48,000 in retirement accounts, $9,500 in a brokerage account, a home estimated at $310,000 and a $14,000 car. Total assets are $393,500.
Its debts are a $228,000 mortgage, a $9,200 car loan, a $16,500 student loan and $1,800 on a credit card, for $255,500 owed. Net worth is 393,500 - 255,500 = $138,000. Debts equal 64.9% of assets, and the home is 78.8% of the asset total.
If the same person held only $1,000 in savings against a $4,500.50 card balance, net worth would be -$3,500.50, and the page says so plainly instead of hiding the minus sign.
What counts as an asset or a debt
Assets are things you own that have a market value: cash, savings, investments, retirement accounts, the home, vehicles and other valuable property such as a business interest. Debts are balances you owe: mortgage, auto and student loans, credit cards, medical bills and personal loans. Use values you could defend. For a home, a recent appraisal or a comparison with sales nearby is better than the price you paid. For a car, use what similar models are listing for.
Personal belongings such as furniture and clothing usually resell for much less than they cost, so many people leave them out. Whatever you choose, use the same rules each time so your numbers can be compared over time.
Using the number
The most useful thing about net worth is the trend. Compare the figure once or twice a year and look at whether assets are growing faster than debts. The type tables show what drives it: a high share in home equity behaves differently from a high share in cash. For short-term safety, see how many months of expenses your cash covers with the emergency fund calculator. To see how debt payments compare with income, use the debt-to-income ratio calculator.
Privacy
This tool runs entirely in your browser. Your entries are not sent to SumPanda or anyone else. If you use Save in this browser, they are stored only on this device and can be cleared at any time. There is deliberately no share link, so your finances are never placed in a web address. The printable and PDF statements are generated on your device as well.
Assumptions and limits
- Every value is entered by you and treated as a current market value. Nothing is looked up or updated automatically.
- Debts are balances owed today. Future interest is not included.
- Taxes that would be due on retirement withdrawals, investment sales or a home sale, and selling costs, are not modeled.
- Each row needs a name or an amount. Rows left empty are ignored, and amounts cannot be negative.
- Types are used only for the breakdown tables and do not change the total.
- This is a snapshot for personal planning, not financial advice or a document for lenders.
Frequently asked questions
How do you calculate net worth?
Add up everything you own, add up everything you owe, and subtract the second total from the first. With $393,500 of assets and $255,500 of debts, net worth is $138,000.
Should I include my home and car in net worth?
Most people include a home at its estimated market value and a car at its resale value, with the mortgage and car loan listed as debts. Some people also compute a second figure without them. Pick one method and keep it consistent.
Can net worth be negative?
Yes. It is common for people with student loans, a new car loan or a recent home purchase to start below zero. A negative figure is a starting point, and the trend over time matters more.
Is my data stored or uploaded?
No. Calculations happen in your browser. Saving is optional and stays on your device, and the page has no share link, so your finances are not placed in a web address.
How often should I update my net worth?
Once or twice a year is enough for most people, and some check quarterly. Choose a consistent date, such as the first of January, so you can compare changes in assets and debts fairly.