Savings rate calculator

Find the percentage of your take-home pay that you save and what it would take to reach 20%.

Savings rate10.0%Below 20%
Saved per year$5,400
To reach 20%$450More per month

How it works

Savings rate equals the amount you save each month divided by your take-home income. Include savings, investments, and retirement contributions you make from your pay.

The 20% target comes from the 50/30/20 guideline. Any steady rate that rises over time is a good start.

Example

With the sample inputs shown above (Monthly take-home income ($) = 4500; Saved per month ($) = 450), the calculator returns: Savings rate: 10.0% (Below 20%); Saved per year: $5,400; To reach 20%: $450 (More per month).

Things to know

Count money you set aside from your pay for savings, investing, and retirement. A rate below 20% is not a failure. Start where you are and raise it by a point or two each time your income increases.

More calculators

Bill splitting

Split a bill, tax, and tip evenly.

Hourly to salary

Convert an hourly wage to annual pay.

Sales tax

Add or remove sales tax from a price.

Last updated October 29, 2026. Results are educational estimates, not financial advice. For consumer finance information from the government, see the Consumer Financial Protection Bureau.