Savings Rate Calculator
Track your savings rate and optimize your path to financial independence. See how your savings habits compare to recommended benchmarks.
Income & Savings
After taxes, insurance, etc.
Annual Savings Breakdown
Your Savings Rate
Personal Savings Rate
0.0%
Of take-home income
Total Savings Rate
0.0%
Including employer match
Monthly Savings
$0
Personal contributions
Savings Goal Progress
Estimated Years to FIRE
0.0 years
Based on current savings rate
Recommendations
Optimization Tips
- • Max out employer 401(k) match first
- • Consider increasing 401(k) contributions
- • Open a Roth IRA for tax diversification
- • Automate savings to stay consistent
- • Track expenses to find savings opportunities
- • Increase savings rate with every raise
Benchmarks
Quick Facts
- • Average American saves ~13% of income
- • Financial experts recommend 20% minimum
- • FIRE enthusiasts save 50-70% of income
- • Higher savings rate = earlier retirement
Improving Your Savings Rate
Automate Everything
Set up automatic transfers to savings and investment accounts. Pay yourself first before spending on discretionary items.
Track Expenses
Monitor your spending to identify areas where you can cut back. Small changes in habits can significantly improve your savings rate.
Increase Income
Consider side hustles, skill development, or career advancement to boost your income and maintain lifestyle while saving more.
