What Is Savings Rate?
The percentage of income that goes into savings each month.
Definition
Savings rate is the proportion of monthly net income saved, after all expenses. It is calculated as (money left / net income) × 100. Many personal finance guides suggest targeting a savings rate of 10–20%. A higher savings rate builds financial resilience and helps reach goals faster.
Related calculators
Use these tools to work with savings rate in your planning.
Monthly Budget Calculator
Add household categories to estimate monthly costs for housing, food, transport, bills, and savings.
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Calculate how much emergency fund you need, how much you still need to save, and how long it will take to get there.
Open Emergency Fund CalculatorSavings Goal Calculator
Calculate how long it takes to reach a savings goal, the required monthly saving, and whether you can meet a deadline.
Open Savings Goal CalculatorOther glossary terms
Gross Salary
Your salary before taxes and deductions are removed.
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Your salary after all taxes and deductions are removed — the amount you actually receive.
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A tax paid on earned income, deducted from your salary or paid on profit.
Read definitionSocial Security
Compulsory contributions paid by employees and employers to fund public welfare programmes.
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