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Net worth calculator

Step 1:
Get a quick estimate of your net worth with this online calculator.

Step 2:
Use our free and secure net worth tool to see your true net worth in real time. Just download, then link your bank accounts, investments, retirement accounts and more to know where you really stand.


How to calculate net worth

The first step in calculating your net worth is adding up your assets and liabilities. Your assets include anything of value that you own, while your liabilities include anything you owe. Once you’ve added both of those, just follow this basic formula:

Assets - Liabilities = Net worth

The simplest way to calculate your net worth is using our net worth calculator. Sign up for free, link all of your financial accounts and see your current net worth at any time.

Net worth chart showing on mobile device

What are assets and liabilities?

You might notice that some of your possessions fall under the categories of both assets and liabilities. For example, most people can’t afford to buy a home with cash, so they finance it. Your home is an asset, while the money you still owe on your mortgage is a liability.


An asset is something you own that has financial value. Assets are either cash or can be converted to cash. Common assets you’ll count toward your net worth include checking and savings accounts, retirement accounts, brokerage accounts, your home, vehicles and anything else of financial value.


A liability is a debt or outstanding financial obligation. This includes mortgages, car loans, student loans, credit card debt, etc. Liabilities don’t include your monthly bills like rent and utilities unless you aren’t up to date with your payments. In that case, the past due amount would be considered a liability.

Next steps to improve your net worth

You may find that when you calculate your net worth for the first time the number is lower than you’d like. Many people even have a negative net worth, especially given the percentage of students graduating with student loan debt.

The most important factor to pay attention to isn’t what your net worth is today — it’s how it progresses over time. If it consistently increases, then you’re moving in the right direction.


Pay off debt

One of the simplest ways to increase your net worth is to reduce your liabilities, meaning to pay off debt. When you sign up to use the free Empower Personal DashboardTM, you can see all of your debts in one place and come up with a plan to pay them off.


Increase your savings

Consistently saving is one of the best ways to increase your net worth. Start by building your emergency fund with 3-6 months worth of expenses. Then you can start saving for financial goals. Our savings planner will track your savings and tell you if you have enough to fund 3-6 months of budgeted expenses.


Minimize your risk of compromise

Investing is like the secret weapon of net worth building. Your account balance doesn’t just grow when you transfer money in. Instead, it should continue to grow and compound over time. The Empower Personal DashboardTM can help you track your investment holdings and portfolio performance. The tools also uncover hidden fees. And if you want a trustworthy professional to manage your investments for you, we also offers wealth management services.

Advisory services are provided for a fee by Empower Advisory Group, LLC (“EAG”). EAG is a registered investment adviser with the Securities and Exchange Commission (“SEC”) and subsidiary of Empower Annuity Insurance Company of America. Registration does not imply a certain level of skill or training. Investing involves risk. Past performance is not indicative of future returns. You may lose money. All visuals are illustrative only. Actors are not EAG clients.