Curious about how much of your income you’re really saving? Your savings rate is one of the most important numbers on the path to financial freedom. It shows you, in simple terms, what percentage of your income you’re putting aside for your future—whether that’s for building an emergency fund, investing, or reaching early retirement.
Use this Savings Rate Calculator to quickly see how your monthly or yearly savings stack up against your income. Just enter your income and how much you’ve saved, and you’ll get an instant savings rate—plus a better sense of how small changes can help you reach your financial goals even faster.
What is Savings Rate?
Your savings rate is the percentage of your income that you save and invest, rather than spend. It's one of the most important metrics for achieving financial independence.
Why it matters: A higher savings rate means you'll reach financial independence faster. For example, a 50% savings rate could get you to FIRE in about 17 years, while a 10% rate might take 51 years.
FIRE Community Benchmarks: Many FIRE enthusiasts aim for 20-50%+ savings rates to accelerate their journey to financial independence.