Net Worth Calculator

Net worth is your total assets minus your total liabilities. It's a snapshot of your financial health at a point in time. A positive net worth means you own more than you owe, while a negative net worth means your debts exceed your assets.

Yes, but it's useful to track both 'total net worth' (including home) and 'investable net worth' (excluding home and mortgage). Your home provides housing, not income, so some prefer to exclude it when assessing financial independence.

Yes, your pension is an asset, even though you can't access it until retirement (typically 55-57+). It's part of your wealth. Some prefer to track 'liquid net worth' separately, excluding pensions and property.

Student loans are technically a liability, but UK student loans work differently to other debt - they're written off after 25-40 years (depending on plan) and only repaid above certain income thresholds. Some people exclude them from net worth calculations, but we include them for completeness.

A common rule of thumb: by 30, aim for 1x your annual salary; by 40, 3x; by 50, 6x; by 60, 8x. However, this varies greatly based on location, career stage, and goals. The UK median net worth is around £286,000 for 55-64 year olds (largely property wealth).

Monthly or quarterly tracking is ideal. It helps you see progress over time and identify trends. Focus on the long-term trajectory rather than short-term fluctuations, especially for investment values.