You enter the current value of your assets across five categories and your outstanding debts across five categories. The tool sums each side and subtracts liabilities from assets for net worth. It also divides total assets by total liabilities for the assets-to-debt ratio. Use current market values for assets, not original purchase prices.
Anything with monetary value that you could sell or liquidate: bank accounts, retirement accounts (401k, IRA), brokerage investments, real estate (use current market value minus nothing — the mortgage goes on the liability side), vehicles (use trade-in or private-sale value), and other valuables like jewelry or collectibles with resale value.
Yes — enter your home's current market value under Real Estate and your remaining mortgage balance under Liabilities. The difference is your home equity, which is accurately reflected in the net worth calculation. Use a recent appraisal or comparable sales for the market value.
Not necessarily, especially early in life. A recent medical school graduate may have $200,000+ in student loans and limited assets, resulting in a deeply negative net worth. What matters more is the trajectory — is your net worth increasing over time? Track it quarterly or annually to see the trend.
A common rule of thumb is that by age 30, your net worth should roughly equal your annual salary, and it should grow from there. However, this varies enormously by income, location, and life circumstances. The Federal Reserve's Survey of Consumer Finances publishes median net worth by age group for a broader benchmark.
Quarterly or twice a year is a good cadence. Monthly changes can be noisy due to market fluctuations. The goal is to track the long-term trend, not short-term movements. Major life events (home purchase, inheritance, job change) are also good times to update.
Estimate only. Results reflect your inputs and standard formulas — they are not financial, tax, legal, health, or investment advice. Verify important decisions with a qualified professional.