What is a good personal savings rate?

Financial planners recommend saving 15–20% of gross income for retirement. The FI/RE movement targets 50–70%+ to achieve financial independence in 10–17 years.

How does savings rate affect time to retirement?

At a 10% savings rate, you need ~43 years to retire. At 25%, ~32 years. At 50%, ~17 years. At 75%, just ~7 years — the relationship is non-linear and powerful.

Personal Savings Rate Calculator

Calculate your personal savings rate as a percentage of gross or net income. Compare to FI/RE movement benchmarks and project time to financial independence based on your rate.

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How It Works

Calculate your personal savings rate as a percentage of gross or net income. Compare to FI/RE movement benchmarks and project time to financial independence based on your rate

Each component has a specific meaning:

Rate — The rate recorded for the scenario being assessed.

Note: Interpret the savings rate result against the thresholds and context described above.

How to Use

Enter the rate for the scenario you are assessing. Calculate your personal savings rate as a percentage of gross or net income. Compare to FI/RE movement benchmarks and project time to financial independence based on your rate. Use the savings rate result to inform your calculation.