CalculateY
Quick Answer
A person with $350,000 in total assets (savings, investments, property) and $180,000 in total liabilities (mortgage, student loans) has an estimated net worth of approximately $170,000.
Assets
Liabilities
Common Examples
| Input | Result |
|---|---|
| $50,000 savings, $100,000 investments, $250,000 property; $200,000 mortgage, $30,000 student loans | Estimated net worth: approximately $170,000 |
| $20,000 savings, $15,000 car; $25,000 student loans, $5,000 credit cards | Estimated net worth: approximately $5,000 |
| $500,000 home, $200,000 investments, $50,000 savings; $300,000 mortgage | Estimated net worth: approximately $450,000 |
| $10,000 savings; $40,000 student loans, $8,000 credit cards | Estimated net worth: approximately -$38,000 |
How It Works
This calculator uses the standard net worth formula:
Net Worth = Total Assets - Total Liabilities
Where:
- Assets = everything of value that a person or entity owns, including cash, savings accounts, investment portfolios, retirement accounts, real estate, vehicles, and personal property
- Liabilities = all debts and financial obligations, including mortgages, student loans, auto loans, credit card balances, personal loans, and medical debt
- Net Worth = the difference between total assets and total liabilities; a positive number means assets exceed debts, while a negative number means debts exceed assets
Common Asset Categories
- Liquid assets: Cash, checking accounts, savings accounts, money market accounts
- Investments: Stocks, bonds, mutual funds, ETFs, retirement accounts (401k, IRA, Roth IRA)
- Real property: Primary residence, rental properties, land
- Personal property: Vehicles, jewelry, collectibles, business equity
Common Liability Categories
- Secured debt: Mortgages, auto loans, home equity loans
- Unsecured debt: Credit card balances, personal loans, medical bills
- Education debt: Student loans (federal and private)
- Other obligations: Tax liens, legal judgments, co-signed loans
Worked Example
A person has $50,000 in savings, $100,000 in investments, and a home valued at $250,000. Total assets = $50,000 + $100,000 + $250,000 = $400,000. They owe $200,000 on a mortgage, $25,000 in student loans, and $5,000 on credit cards. Total liabilities = $200,000 + $25,000 + $5,000 = $230,000. Estimated net worth = $400,000 - $230,000 = $170,000.
Related Calculators
Compound Interest Calculator
Estimate how your investments may grow over time with compound interest and regular contributions.
Salary Take-Home Calculator
Estimate your after-tax take-home pay based on gross salary, tax rates, and pre-tax deductions.
Debt-to-Income Ratio Calculator
Estimate your debt-to-income (DTI) ratio and see how lenders may view your financial profile.