Net Worth Calculator
What you own minus what you owe. One number that shows where you stand today.
Your net worth
$0
Add what you own and what you owe. Your net worth updates as you type.
How you compare
Add your age and household income to see how you stack up.
A classic rule from The Millionaire Next Door: your age times your household income, divided by 10. For you, that's $0.
The rule assumes years of steady earning. Doctors start late, so it's tough in the first few years out of training. Watch your trend year to year.
Want to grow it? My free Doctor's Money Protocol walks you through 10 money moves, in the right order.
A snapshot from the numbers you put in, not financial advice. Your numbers stay on your device. Nothing is saved or sent.
What is net worth?
It's what you own minus what you owe. Your paycheck shows what you earn. Your net worth shows what you've kept. More on that in my video, Income Is Not Wealth.
What to count
- Home and cars. What they'd sell for today, not what you paid.
- Retirement accounts. Today's balance. Taxes come out later on pre-tax accounts, so the real value is a bit lower.
- Student loans. All of them, federal and private.
- Leave out your income and everyday stuff like furniture and clothes. It's worth far less than you paid.
Negative? You're not alone.
Lots of doctors finish training owing more than they own. Student loans show up years before the big paychecks do. A negative number early on doesn't mean you're behind for good. What matters is which way it's moving.
How often to check
Once a year is plenty. Pick a day, like your birthday or New Year's, and run it again. Watch the trend, not one number.
The Millionaire Next Door rule
Thomas Stanley and William Danko's rule: multiply your age by your household income before taxes, then divide by 10. That's the net worth the book expects. If you inherited money, the book says to take that out of your net worth first.
- 2 times the target or more puts you with the book's top savers.
- Half the target or less puts you with the book's bottom group.
It's a rule of thumb, not a grade. It's built for people who've earned steadily for years, so give it time after training.
Your biggest asset isn't on this list
It's your ability to earn. A doctor making $300,000 a year for 30 years earns $9 million. If you couldn't work, that's what you'd lose. See what your plan at work would really pay with the disability insurance calculator, or watch why your income is your biggest asset.
Grow it
See how your investments could grow with the investment calculator. Or get my free Doctor's Money Protocol.