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Erdman Financial Group

What Percentage of Your Income Are You Actually Saving?

Most people guess. This calculator breaks your savings into four distinct rates — gross, net, investment-only, and employer-inclusive — so you can see exactly where you stand and what needs to change.

Step 1 — Your Income

$
$

Step 2 — Where Your Savings Goes Each Month

Fill in what applies. Leave anything blank that doesn't. Every field updates your rates instantly.

401(k) / 403(b) Your contribution only
$
Roth IRA
$
Traditional IRA
$
Brokerage / Taxable
$
HSA Triple tax-advantaged
$
Emergency / Savings Cash savings accounts
$
529 / Education
$
Other Savings
$
Include employer 401(k) match
%
%
Reset calculator
Gross Savings Rate
0%
—

Total saved ÷ gross income

Net Savings Rate
0%
—

Total saved ÷ take-home pay

Investment Rate
0%
—

Investment buckets only ÷ gross

With Employer Match
0%
—

Everything including match

Monthly Savings Breakdown

Total Monthly Savings $0

What If You Saved More?

Drag to see what an extra contribution compounds into over time.

Extra monthly savings $200/mo
In 10 Years
—
at 7% return
In 20 Years
—
at 7% return
In 30 Years
—
at 7% return
New Gross Rate
—
gross savings rate

How You Compare

📐
The Classic Rule: Save 15–20% of Gross
The most widely cited retirement savings benchmark. Assumes you start in your mid-20s and retire in your mid-60s. Higher if you start later or want to retire earlier.
⚡
The Aggressive Track: 25%+ of Gross
For those aiming to retire early, build significant wealth, or compensate for a late start. This rate accelerates the timeline significantly.
🏦
Emergency Fund Priority: 5–10% in Cash
Before heavy investment contributions, a 3–6 month emergency fund is the foundation. This tracks your liquid cash savings rate specifically.

Plain English Summary

Knowing the Rate Is Step One

A savings rate tells you how much. A plan tells you where it goes and why.

The right savings rate means nothing if the money is in the wrong accounts or allocated without a strategy behind it. If any of this resonates, let's talk about making every dollar count.

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