Savings Rate Calculator
Calculate your personal savings rate as a percentage of gross or net income.
How to use this tool
- Enter monthly amount saved, gross monthly income and net monthly income (take-home) in the fields above.
- Results update instantly as you type — or click Calculate.
- Read your savings rate (gross) and the full breakdown beneath it.
Your savings rate is one of the most important levers in personal finance. A higher savings rate means reaching financial independence sooner.
Frequently asked questions
- What savings rate should I target?
- Financial advisors typically recommend saving at least 20% of gross income. Early retirement (FIRE) enthusiasts often target 50% or more. Even 10% is a great starting point if you're just beginning.
- Should I calculate savings rate on gross or net income?
- Both are useful. Gross income savings rate allows apples-to-apples comparison across people with different tax situations. Net income rate shows what fraction of your take-home pay you're setting aside.