etworthcalculatorFour counts, one table
Every big source counts something different. Pick the one that matches your question: households or people, with the house or without it.
| Source | U.S. millionaires | Who’s counted | As of |
|---|---|---|---|
| Federal Reserve, Survey of Consumer Finances | 21.5% of households, about 29 million | Households with a net worth of $1 million or more, home equity included | 2025 |
| UBS Global Wealth Report 2026 | 23.6 million adults | Individual adults. Financial and real assets, including housing and private pensions, minus debts | End of 2025 |
| Capgemini World Wealth Report 2026 | 8.7 million people | Investable assets of $1 million or more. Leaves out the main home, collectibles, consumables and durables | End of 2025 |
| Henley & Partners, USA Wealth Report 2025 | About 6,041,000 people | Liquid investable wealth of $1 million or more | 2024 |
The Fed figure is our calculation from the Fed’s public 2025 data, applied to the 134.8 million U.S. households the Census Bureau counted in 2025. Full source list at the bottom of the page.
Why the counts are four times apart
UBS’s 23.6 million is about four times Henley’s 6 million. Neither is wrong. Three choices explain the gap.
- Households or people. The Fed counts households. A married couple worth $1.1 million together is one millionaire household. UBS counts adults one at a time, so the same couple is two people worth $550,000 each.
- The house in or out. The Fed and UBS count home equity. Capgemini leaves out your main home, along with collectibles and things you use up or own for daily life, like cars and furniture.
- Liquid only. Henley & Partners counts only liquid investable wealth, so the house is left out here too.
Take a couple with a $600,000 paid-off house and $500,000 in 401(k)s. To the Fed, they are one millionaire household. To UBS, they are two people with $550,000 each, so no millionaires. To Capgemini and Henley, they have $500,000 without the house, so again no millionaires.
What percentage of Americans are millionaires?
About 21.5% of U.S. households had a net worth of $1 million or more in the Federal Reserve’s 2025 Survey of Consumer Finances, by our calculation from the Fed’s public data. That puts $1 million at about the 78th percentile. With 134.8 million households, that’s roughly 29 million millionaire households.
The Fed counts home equity, retirement accounts and business stakes, so most of that money isn’t cash. The median household had $215,900. The average was $1,241,500, pulled up by a small group at the top.
Millionaires by age
| Age of the head of household | Share worth $1 million or more |
|---|---|
| Under 35 | 2% |
| 35 to 44 | 13% |
| 45 to 54 | 24% |
| 55 to 64 | 33% |
| 65 to 74 | 31% |
| 75 and older | 34% |
| All households | 21.5% |
Our calculation from the Fed’s 2025 public data, rounded to the nearest point.
The share climbs with age because home equity and retirement accounts take decades to build. It levels off around a third after 55. See the full percentile tables on net worth by age, or what percent of 40 year olds are millionaires.
Millionaire calculator: when will you reach $1 million?
Enter your age, your net worth and what you save each month. The math runs in your browser. Nothing you type is sent anywhere or saved.
The calculator opens with this example. You’re 35, your net worth is $100,000, and you save $1,000 a month. At 7% a year you’d cross $1 million in 22 years, at 57, and have about $1,895,000 by 65. Save $2,000 a month instead and you’d get there at 52.
The calculator grows your whole net worth at one rate, once a year, and adds a year of savings after each year’s growth. That’s a simplification: a house and cash rarely grow as fast as stocks. The $1 million is in future dollars, so it will buy less than $1 million does today. The 7% default matches the Coast FIRE calculator, which explains where that rate comes from.
Is the number of millionaires growing?
Yes, by every count that reports a change.
- UBS: the U.S. added 441,078 millionaires in 2025, up 1.9%.
- Capgemini: up 736,000, or 9.2%, in 2025. Its previous report counted 7.9 million at the end of 2024.
- Henley & Partners: the number of U.S. millionaires grew 78% from 2014 to 2024. The U.S. is home to 37% of the world’s millionaires.
- The Fed: the share of millionaire households rose from about 18% in 2022 (an approximate comparison from secondary sources, not the Fed’s own report) to 21.5% in 2025.
Even one source moves its own number. UBS’s 2025 report counted 23.8 million U.S. millionaires at the end of 2024. Its 2026 report counts 23.6 million at the end of 2025, after adding 441,078 during the year, so UBS must have revised its 2024 figure down. Treat any single count as an estimate.
Worldwide, UBS counts roughly 57.5 million millionaires and Capgemini 25.3 million.
Millionaire questions
Is a $1 million net worth a millionaire?
Yes, by the most common definition: everything you own minus everything you owe comes to $1 million or more, home equity included. That’s how the Fed and UBS count. Capgemini and Henley use stricter rules that leave out the house. Whether it feels rich is another question, answered in is a $1 million net worth rich?
How many Americans are worth $100 million?
About 10,800, according to Henley & Partners’ USA Wealth Report 2025, which counts liquid investable wealth. The same report counts over 850 U.S. billionaires. More in how many Americans are worth $100 million.
How many Americans have $1 million in liquid assets?
About 6.04 million, by Henley & Partners’ count of liquid investable wealth for 2024. Capgemini’s investable-assets rule, which also leaves out the main home, finds 8.7 million. Work out your own figure with the liquid net worth calculator.
Does the house count toward being a millionaire?
It depends on who’s counting. The Fed and UBS count home equity, the value of the house minus the mortgage. Capgemini and Henley leave your main home out. For your own net worth, count it: here’s how to value your house.
Sources
- Federal Reserve, Changes in U.S. Family Finances from 2022 to 2025 (October 9, 2026): median and average net worth.
- Federal Reserve, 2025 Survey of Consumer Finances public data: our calculation of the millionaire share, overall and by age.
- U.S. Census Bureau, table HH-1: number of U.S. households in 2025.
- UBS, Global Wealth Report 2026 and press release (June 30, 2026).
- Capgemini, World Wealth Report 2026 press release (June 4, 2026).
- Henley & Partners, USA Wealth Report 2025 (May 20, 2025), with research by New World Wealth.
Track your way to $1 million
Start with today’s number in the net worth calculator. Crossing $1 million takes years, and checking once a month shows whether you’re on pace. To watch the number climb, see our net worth tracker app, or join the launch list.
Last updated