Net Worth Calculator
How can this Net Worth Calculator help you?
This simple online tool allows you to find out your current net worth. By calculating your net worth, you may verify the total value of all your assets and then compare it to the average values for your country.
Regular verification of your net worth lets you monitor the state of your wealth accumulation. This is an essential metric of your financial situation. High net-worth individuals can afford more and live a peaceful life without worrying about the home budget.
How to Calculate Net Worth?
Although the formula for calculating net worth is pretty simple, the challenge is identifying and evaluating all your assets.
Our calculator enumerates the most common assets and liabilities, but you should be aware that there might be other less common assets, so please do not forget about them.
Net Worth Formula
If you wish to calculate your net worth, you should subtract all your liabilities from the total value of your assets.
Net_Worth = Total_Assets - Total_Liabilities
Once you know your current net worth, you may be interested in how to increase it. Well, the first step is to start by preparing your saving strategy. The best tools to help you start are our regular savings calculator and savings goal calculator, which tell you how long it will take to reach a certain amount of savings.
Once you accumulate enough savings, you may wonder if it is enough to live just from savings. Check out our living from a capital calculator to determine how long your savings will last.
For those thinking seriously about their future retirement, we prepared the retirement savings goal calculator, where you can estimate how long and how much you should save to retire early.
At last, remember that your savings rate is equally important as regularity and persistence. Do not give up and stick to your plan. In the long run, compound interest can make wonders!
Created by Lucas Krysiak on 2022-06-11 13:50:34 | Last review by Mike Kozminsky on 2023-02-15 19:46:42