Equity Crowdfunding Investor Limit Calculator (Reg CF)

Enter values above and click "Calculate Limit"

Due to the risky nature of Regulation Crowdfunding (Reg CF) equity crowdfund investing, the SEC restricts the total amount of money you can invest in Reg CF deals over a 12-month period.

Update history to Reg CF investor limits:

  • September 11, 2022: the SEC updated investor limits to adjust for inflation, per the SEC investor bulletin here. This increases the threshold for the calculations from $107,000 to $124,000, increases the lower Reg CF threshold for investors from $2,200 to $2,500, and increases certain thresholds on the 12-month amounts that issuers can raise (e.g. from the old $1.07M max to $1.235M max. Note: the $5M max with audited financials for Reg CF did not get adjusted for inflation).
    • Important note: the calculator above has NOT yet been updated to reflect these new adjustments in the provided calculation.
  • March 15, 2021: Reg CF investment limits were removed for accredited investors, and the calculation was changed to use the greater of net worth and income for non-accredited investors. 

Note: always check online on the SEC website and Federal Register for the latest limits. These tools are provided for reference purposes only.

Frequently Asked Questions

What if I am married? Do I combine our net worth and income when calculating our Reg CF limit?

Yes, per the SEC's investor bulletin on May 5, 2017: "You can calculate your annual income or net worth by jointly including your spouse’s income or assets.  It is not necessary that property be held jointly. However, if you do calculate your income or assets jointly with your spouse, each of your crowdfunding investments together cannot exceed the limit that would apply to an individual investor at that annual income or net worth level."

What does my Net Worth consist of when calculating my Reg CF limit?

Net Worth is all of your assets minus liabilities, excluding your primary residence (home) and mortgage. If you are underwater in your mortgage (you owe more than it's worth), then the amount that the loan exceeds the home value must be included as liabilities for the net worth calculation. See the October 2022 SEC investor bulletin for more information and examples.

What are the equations that go into the Reg CF investor limit calculator?

The rules that the calculator uses are based on the Part 227 Regulation Crowdfunding Rules and Regulations. You can also download a copy of the spreadsheet version of the Reg CF calculator here to gain a better understanding of how the inputs determine your 12-month investor limit.