A wealth percentile indicates the percentage of people in a given population whose net worth is equal to or less than your own. For instance, being in the 90th percentile for wealth means that 90% of the population has a net worth less than or equal to yours, and you have a higher net worth than 90% of that population.
This calculator helps you understand where your financial standing, based on both income and net worth, places you within a specific demographic. It's important to note that percentile data can vary based on the source (e.g., national, state-specific, age group) and the year the data was collected.
How This Calculator Works
This calculator uses your provided Household Income and Household Net Worth to estimate your position relative to others. While a precise percentile calculation would require a comprehensive dataset of income and net worth for the entire population, this tool provides a conceptual placement.
Key Metrics:
Household Income: The total combined income of all adults living in the same household.
Household Net Worth: The total value of a household's assets (like savings, investments, property) minus their total liabilities (debts, loans, mortgages).
To accurately determine your percentile, this calculator relies on benchmark data that is periodically updated. For the purpose of this demonstration, we will use general benchmarks for the United States. The actual calculation involves comparing your figures against established data points for various percentiles.
Example Scenario:
Let's say a user enters:
Household Income: $150,000
Household Net Worth: $1,200,000
Based on typical US data (as of recent years), a net worth of $1,200,000 often places individuals in a high percentile, potentially above the 85th percentile, while the income might place them in the 80th-90th percentile depending on the specific age group and year. This calculator aims to provide a synthesized estimate.
Data Sources and Limitations
Percentile data is dynamic and changes with economic conditions and population demographics. The benchmarks used in this calculator are illustrative and based on aggregated data. For precise, up-to-the-minute figures, consulting reports from organizations like the Federal Reserve (Survey of Consumer Finances) or other reputable financial institutions is recommended.
This calculator provides an estimation for general awareness and financial planning. It does not constitute financial advice.
function calculateWealthPercentile() {
var incomeInput = document.getElementById("householdIncome");
var netWorthInput = document.getElementById("householdNetWorth");
var resultDiv = document.getElementById("result");
var income = parseFloat(incomeInput.value);
var netWorth = parseFloat(netWorthInput.value);
resultDiv.style.display = 'none';
resultDiv.innerHTML = ";
if (isNaN(income) || isNaN(netWorth) || income < 0 || netWorth < 0) {
resultDiv.innerHTML = 'Please enter valid positive numbers for income and net worth.';
resultDiv.style.backgroundColor = '#dc3545'; // Error color
resultDiv.style.display = 'block';
return;
}
// — Simplified Percentile Benchmarks (Illustrative – based on general US data trends) —
// These are approximate values for demonstration and would typically come from a data source.
// Data can vary significantly by age, location, and year.
var percentileData = [
{ percentile: 10, netWorth: 50000, income: 40000 },
{ percentile: 20, netWorth: 120000, income: 60000 },
{ percentile: 30, netWorth: 250000, income: 80000 },
{ percentile: 40, netWorth: 450000, income: 100000 },
{ percentile: 50, netWorth: 750000, income: 125000 }, // Median
{ percentile: 60, netWorth: 1100000, income: 150000 },
{ percentile: 70, netWorth: 1600000, income: 180000 },
{ percentile: 80, netWorth: 2500000, income: 220000 },
{ percentile: 90, netWorth: 4000000, income: 300000 },
{ percentile: 95, netWorth: 6000000, income: 400000 },
{ percentile: 99, netWorth: 10000000, income: 600000 }
];
var estimatedNetWorthPercentile = 0;
var estimatedIncomePercentile = 0;
// Calculate Net Worth Percentile
for (var i = 0; i = percentileData[i].netWorth) {
estimatedNetWorthPercentile = percentileData[i].percentile;
} else {
break; // Found the first benchmark your net worth exceeds
}
}
// If net worth is higher than the highest benchmark
if (netWorth >= percentileData[percentileData.length – 1].netWorth) {
estimatedNetWorthPercentile = percentileData[percentileData.length – 1].percentile;
}
// Calculate Income Percentile
for (var i = 0; i = percentileData[i].income) {
estimatedIncomePercentile = percentileData[i].percentile;
} else {
break; // Found the first benchmark your income exceeds
}
}
// If income is higher than the highest benchmark
if (income >= percentileData[percentileData.length – 1].income) {
estimatedIncomePercentile = percentileData[percentileData.length – 1].percentile;
}
// Combine scores (simple average for illustrative purposes)
var overallEstimatedPercentile = Math.round((estimatedNetWorthPercentile + estimatedIncomePercentile) / 2);
// Ensure the result is within 0-100 range
overallEstimatedPercentile = Math.max(0, Math.min(100, overallEstimatedPercentile));
var resultText = "Estimated Net Worth Percentile: " + estimatedNetWorthPercentile + "th percentile";
resultText += "Estimated Income Percentile: " + estimatedIncomePercentile + "th percentile";
resultText += "Overall Estimated Wealth Percentile: " + overallEstimatedPercentile + "th";
resultDiv.innerHTML = resultText;
resultDiv.style.backgroundColor = '#28a745'; // Success green
resultDiv.style.display = 'block';
}