Savings rate calculator
Your savings rate is one of the clearest signs of financial health, and it sets how fast you reach your goals.
Loading the tool…
Processing and privacy: The result is calculated inside your browser and your data is not sent to any server.
How to use it
- Enter monthly take-home income and saved or invested per month.
- The result appears straight away and updates as you edit.
- Copy the result, or copy a link that keeps the same values to share it.
How it is calculated
Savings rate = amount saved ÷ net income × 100. Spending = income − saved, and yearly savings = monthly saving × 12.
Example
Inputs: Monthly take-home income = 12,000, Saved or invested per month = 2,400. Result: Savings rate: 20%; Monthly spending: 9,600.00; Savings per year: 28,800.00.
Limits and caveats
- It uses net income; the same savings are a lower share of gross pay.
- Enter what you really set aside each month, including investing and, if you count it, mortgage principal.
Questions about this tool
What is a good savings rate?
The 50/30/20 rule suggests 20%. People aiming to retire early often target 40% or more.
Do pension deductions count?
If they come off before net pay they are outside this sum. Add them to both income and savings to see the full rate.
How can I raise my rate?
Move your saving automatically on payday, and send any pay rise to savings before it turns into spending.