Personal Savings Rate Calculator
Calculate your personal savings rate and visualize your financial health. See how much of your income you're saving each month with an intuitive pie chart display.
Income & Spending
Your total monthly take-home income.
Your total monthly expenses and spending.
The habit of saving is itself an education; it fosters every virtue, teaches self-denial, enriches the mind, strengthens and purifies the character.
What each input means
- Monthly income is your total take-home pay after taxes and deductions.
- Monthly spending includes all your monthly expenses, bills, and discretionary spending.
- Savings rate is the percentage of your income that you save each month.
How does savings rate work?
Understanding the relationship between income, spending, and saving.
Your savings rate is one of the most important metrics for financial health. It measures what percentage of your income you're able to save after covering all your expenses.
A higher savings rate means you're living below your means and building wealth over time. It provides a buffer for emergencies and accelerates your path to financial independence.
The gauge chart shows your savings rate on a color scale from red (0%) to green (100%), making it easy to see at a glance how you're doing financially.
Factors that affect your savings rate
- Income – Higher income provides more opportunity to save, but lifestyle inflation can offset these gains.
- Spending – Lower spending directly increases your savings rate and is often the most controllable factor.
- Balance – The ideal approach combines both increasing income and managing spending to maximize savings.
Understanding your savings rate
Your savings rate is a key indicator of financial health and your progress toward financial goals. It shows how much of your income you're able to keep rather than spend.
A good savings rate provides financial security, emergency funds, and the foundation for long-term wealth building through investments and compound growth.
Savings rate benchmarks
- 0-10% – Below average. Focus on reducing expenses and increasing income to build a financial foundation.
- 15-25% – Good progress. You're building wealth and have a solid foundation for financial goals.
- 25%+ – Excellent! You're on track for financial independence and building substantial wealth over time.