Net worth calculator
One honest number: everything you own minus everything you owe — with the split most trackers skip: your investable net worth, the part that can actually fund a retirement, separated from the home equity that mostly can't.
What you own
What you owe
What the number is for
Feed your investable figure into the FIRE calculator to see what it buys, check the savings rate that grows it, and — once a benchmark itch needs scratching — see how it compares on net worth by age in Canada.
Total vs investable: the distinction that changes plans
Two households can share a $900,000 net worth and live in different financial universes: one holds $700,000 in investments and rents; the other has $850,000 of home equity and $50,000 invested. The first can retire on a 4% draw; the second can't retire on a kitchen renovation. Canadian net worth skews heavily toward housing, which is why this calculator separates the investable slice — and why the FIRE framework runs on it. Home equity isn't fake wealth; it's illiquid wealth with three exits (sell, downsize, borrow), each with its own costs.
Track the trend, not the level
A single net-worth reading is trivia; the same reading every quarter is a flight instrument. Markets will wobble the investments and the housing market will wobble the equity — but a steady upward trend in the investable line, quarter after quarter, is the most reliable sign a financial plan is actually working.
Frequently asked questions
What counts as net worth?
Everything you own minus everything you owe: investments (RRSP, TFSA, FHSA, non-registered), cash, your home and other property at market value, vehicles, and any commuted pension value — less the mortgage, HELOC, loans and card balances. One number, brutally honest. StatCan’s Survey of Financial Security uses essentially this definition (including employer pensions), which is what makes the comparison page meaningful.
Should I include my home in my net worth?
In net worth, yes — it’s an asset and the mortgage is a debt; excluding either misstates reality. The trap is treating home equity like retirement money: it doesn’t pay bills unless you sell, downsize or borrow against it. That’s why this calculator also shows your investable net worth — the registered and non-registered money that can actually fund a FIRE number. Track both; plan with the second.
Should I include my pension?
If you have a defined-benefit pension, it’s often your biggest asset — and the easiest to forget. The honest entry is the commuted value (what the plan would pay to transfer out) if you have a recent statement, or leave it out and remember your true position is stronger than the number shows. The commuted value calculator helps frame it. CPP and OAS are not net-worth assets — they’re future income.
What about vehicles and “stuff”?
Vehicles count at what they’d actually sell for (not what you paid). Furniture, electronics and collectibles are technically assets but resale value is usually so poor that most people sensibly skip them — StatCan includes contents; most personal trackers don’t. Whatever you choose, be consistent month to month, because the trend in net worth is the number that carries information.
How often should I track net worth?
Monthly or quarterly — frequent enough to see the trend, infrequent enough not to confuse market noise with progress. The composition matters as much as the total: a rising share of investable assets moves your FI date; a rising share of home equity mostly moves your address options. Pair this with the savings-rate calculator — the flow that drives the stock.
How do I compare to other Canadians my age?
Carefully. The medians by age group from StatCan’s Survey of Financial Security are on our net worth by age page — but remember the median Canadian isn’t running your plan, averages are dragged upward by the very wealthy, and a renter mid-career can be in better shape than a house-poor neighbour with a bigger headline number. Benchmarks are for curiosity; the only comparison that pays is you versus last year.
Educational tool, not financial advice. Nothing you enter leaves your browser — the math runs locally on this page. Asset values are what you say they are; be honest with yourself about the house and the car.