Net Worth Calculator
Assets minus liabilities · Updated 2026
Why Track Net Worth?
Your net worth is the definitive measure of financial progress. While your income can go up and down, and your savings rate fluctuates, your net worth tells the real story.
For FIRE seekers, net worth tracking is especially powerful because it captures both sides of the equation: growing your assets AND reducing your debts. Every dollar of debt paid off increases your net worth by a dollar — the same as saving an extra dollar.
The standard FIRE target is a net worth equal to 25× your annual expenses (using the 4% rule). This calculator helps you see your current progress toward that number.
What to Include
Assets: Investment accounts (401k, IRA, taxable brokerage), home equity (estimated home value minus mortgage), cash savings, business value, vehicles, collectibles.
Liabilities: Mortgage balance, student loans, credit card debt, car loans, personal loans, any other debts.
For FIRE planning, focus on liquid assets (investments + cash) as those generate income. Primary residence equity is less useful since you need somewhere to live.
Frequently Asked Questions
How is net worth calculator calculated?
The formula is: Assets − Liabilities. Enter your values above and click Calculate to see your personalized result instantly. Your net worth is the single best measure of your financial health. It's the difference between what you own (assets: investments, home equity, cash, retirement accounts) and what you owe…
What inputs do I need for the net worth calculator?
You need: Assets, Liabilities. Default values are pre-filled — adjust them to match your personal finances for a customized result.
Is the net worth calculator free to use?
Yes — all TorchFI calculators are completely free. No registration, no email required. Calculations run entirely in your browser for maximum privacy. We never see or store your financial data.
How does the net worth calculator help with FIRE planning?
Calculate your net worth by subtracting your total liabilities from your total assets. Track your financial progress over time and see how close you are to your FIRE number. This calculator helps you make data-driven decisions about your financial independence journey instead of relying on guesswork.