Net Worth Calculator

Net worth is the single best summary of your financial health: everything you own minus everything you owe. For healthcare professionals, it often starts deep in the negative because of student loans, then climbs quickly after training. Tracking it shows whether your plan is working.

What this calculator does

Enter what you own (cash, retirement accounts, investments, home value and other assets) and what you owe (mortgage, student loans, car loans, credit cards and other debts). The calculator shows:

• your net worth,
• your total assets and total debts,
• your liquid net worth, which leaves out your home and mortgage, and
• your debt-to-asset ratio.

The formula in plain English

Total assets = cash + retirement accounts + investments + home + other assets.

Total debts = mortgage + student loans + car loans + credit cards + other debts.

Net worth = total assets − total debts.

Liquid net worth = cash + retirement accounts + investments − debts other than the mortgage. This shows what you'd have if you couldn't count on your home's value.

Debt-to-asset ratio = total debts ÷ total assets. Lower is stronger.

A worked example

Dr. Garcia is three years out of residency. She has $25,000 in cash, $120,000 in retirement accounts, $20,000 in a brokerage account, a home worth $450,000 and $30,000 in other assets. She owes $380,000 on her mortgage, $150,000 in student loans, $18,000 on a car loan and $3,000 on a credit card.

• Total assets: $645,000.
• Total debts: $551,000.
• Net worth: $94,000.
• Liquid net worth: about −$6,000.
• Debt-to-asset ratio: about 85%.

Three years ago, with $250,000 in student loans and little savings, her net worth was deeply negative. She's on the right track. Her next big lever is the student loans.

Why it matters at each career stage

If you're: Student

Your net worth is likely negative and growing more negative as you borrow. That's expected. Focus on borrowing only what you need and understanding your repayment options.

If you're: Resident / fellow

During training, aim to keep your net worth from falling much: make required loan payments, avoid credit card debt and save a little for emergencies.

If you're: Employed

The first five years after training are when net worth usually rises fastest. Track it yearly. If it's not climbing, look at spending, debt payoff and savings rates.

If you're: Practice owner

Include practice equity at a conservative value, and track net worth with and without it. Practice value can change quickly, and personal savings give you security.

Growing your net worth

Pay down high-interest debt. Credit cards and personal loans drain net worth fastest.

Save a fixed share of every raise. Lifestyle that grows more slowly than income is the most reliable way to build wealth.

Use tax-advantaged accounts. Retirement accounts and HSAs grow faster because of tax savings.

Avoid depreciating purchases on credit. Expensive cars and boats lose value while their loans cost interest.

Be patient. Compounding does most of the work in later years.

Making tracking easy

Pick one date each year, like your birthday or January 1, and update the same list of accounts and balances. Many people use a simple spreadsheet; others use a budgeting app that pulls balances automatically. Either way, record the result so you can see the trend over time. A chart of five or ten years of net worth is one of the most motivating things you can look at during a hard stretch of training or practice.

Net worth benchmarks

Comparing yourself with others can motivate or discourage. A more useful benchmark is your own trend: is your net worth higher than a year ago? If you want a target, the FI number calculator shows what you'll eventually need.

Next, see your FI number and Coast FI number, plan your debt payoff, and read our money stress plan.