50/30/20 Budget Calculator
The 50/30/20 split.
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Finance
Savings Rate Calculator
Find the percent of your income you save each month.
Savings rate
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Of your income.
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| Monthly income | — |
| Monthly savings | — |
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Enter your figures above to see the step-by-step working.
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How the Savings Rate Calculator Works
Your savings rate is the share of income you keep — savings divided by income. Saving $1,000 out of $5,000 a month is a 20% rate. It’s the single most important number in personal finance, because it sets both how fast your safety net grows and how much income you’ll need to replace in retirement.
A higher savings rate does double duty: it builds your nest egg faster and lowers the spending you have to fund later. Even small increases compound — going from 10% to 20% can cut years off the time to financial independence. Use consistent figures, either both take-home or both gross.
savings rate = monthly savings ÷ monthly income
Frequently Asked Questions
What is a good savings rate?
Many aim for 15–20% of income including retirement contributions. Higher is better; those chasing early retirement often save 40% or more.
Should I use gross or net income?
Either works as long as you’re consistent. Net (take-home) is the most practical since it reflects money you actually control.
Does employer 401(k) match count?
It’s reasonable to include the match in savings since it grows your nest egg, though some prefer to count only their own contributions.
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