Free online financial calculators can help you create a financial plan and lay out the steps you need to get there. Whether your goal is building a basic budget, saving $1 million, or retiring early, there’s a free online financial calculator for you.
Check out the 14 free online financial calculators I’ve built below to calculate your savings goals, retirement plans, and earning potential.
You can even calculate whether or not your wages are worth your time and see how many days of financial freedom you’re buying yourself when you save money for the future.
Our Free Online Financial Calculators
If you know what calculator you need, you can access them here, or read more about how each one works below.
- Savings Rate Calculator
- Savings Calculator
- 1% Savings Calculator
- Emergency Fund Calculator
- Expense Calculator
- Save $1 Million Calculator
- Future Value Calcalator
- Early Retirement Calculator
- FIRE Calculator
- Net Worth Calculator
- Years to Fi Calculator
- Life Energy Calculator
- Freedom Calculator
- Survey ROI Calculator
Saving and Spending Calculators
Below are financial calculators to help you track how much you’re spending and whether you’re saving enough to meet your goals.
1. Savings Rate Calculator
How much of my income am I saving?
It’s not about how much you make, it’s how much you keep.
Tracking your savings rate can be a good measurement of how well you’re managing your income. Your savings rate is the total percentage of your income you’re saving in all of your accounts (retirement, savings, etc.).
During my own financial independence journey my saving rate started at 40% and went as high as 82% some months. That might sound crazy, but it’s easier than you think.
I like to track my savings rate in both dollars and percentages. This is really easy to do using this savings rate calculator.
2. Savings Calculator
How much should I save daily, weekly, annually?
Studies show that people have a hard time comprehending large numbers, and for me personally, the thought of saving $1 million was overwhelming. I found it a lot easier to take it one day at a time and break out my target into daily, weekly, and annual savings goals. While it was initially difficult for me to reach my daily savings goal, it got easier over time.
This calculator makes it easy to see the how saving even $5 per day adds up. Your money can grow quickly!
3. 1% Savings Calculator
What’s the impact of increasing my savings rate?
If you’re struggling to get your savings rate where you want it, try this strategy: increase your savings by just 1% every 30-90 days. You won’t notice the 1% increases each month, but within one year you’ll be saving 12%+ more of your income.
This financial calculator helps you see how the savings really add up using your own scenarios.
4. Emergency Fund Calculator
How much money should I have in my rainy day fund?
An emergency fund is a special stash of cash that you stock away specifically to cover unexpected expenses. For example, you might use an emergency fund to cover car repairs after an accident or to cover living expenses after a job loss or illness rears its ugly head.
Since it’s essentially like insurance against the curveballs life will throw at you, putting together an emergency fund is one of the smartest financial decisions you can make in life.
But how much should you have saved for that rainy day? This calculator helps you figure it out.
5. Expense Calculator
How much do I spend?
This free online financial calculator can be used to calculate your current expenses, project your future expenses, and also show the impact of how much money you’re spending on how long it will take you to reach financial independence or retire early.
In addition to using this calculator, I also recommend tracking your expenses on an ongoing basis. Here’s the free expense tracker I use to manage my expenses in 10 minutes a month:
6. Save $1 Million Calculator
How long will it take me to save $1M?
Do you want to be a millionaire? How long will it take you to save $1 million? By using your income, projected investment growth rate, and you savings rate, this calculator will help you determine how long it will take you to save $1 million.
7. Future Value Calculator
How much will this be worth in the future?
Every time you spend money you are making a tradeoff; spending the money today instead of giving it the opportunity to grow into the future. So what are you trading?
Use this calculator to see how much what you plan to spend today will be worth in the future. Then decide whether it’s worth the trade off! It’s up to you.
Financial Independence / Retire Early Calculators
Below are calculators to help you figure out your FIRE numbers and how you’re pacing to your retirement goals.
8. Early Retirement Calculator
When can I retire? Am I on pace with my goal?
While it’s by no means easy to retire early, it’s never been easier in history to make it happen.
The first step in figuring out when you can retire early is to figure out how much money you’ll need and if you’ve already started saving, how much money you are going to need. When can you retire? Do you have enough money saved?
This is one of the first calculators I built for Millennial Money.
9. FIRE Calculator
How much money do I need to be financially independent?
This calculator helps you determine your financial independence number (also known as your FI or FIRE number), which is the amount of money you need for the rest of your life.
While you can’t control all of the variables (like inflation and investing returns), you can control most of the variables, like how much money you spend and how much money you make. You might need less money than you think.
You can use this calculator to estimate your own FIRE number. The key is to calculate an estimate and to get comfortable with adjusting your own numbers as you grow and your life changes.
10. Net Worth Calculator
Financially, how much am I worth?
Your net worth is the most important number in personal finance. It’s your scorecard. You calculate your net worth by subtracting your liabilities (money you owe – like student loans and credit card debt) from your assets (things that you could sell for money).
It doesn’t matter how much money you make if you spend it all. What’s important is working to increase your net worth over time.
11. Years to FI Calculator
What’s the impact of my savings rate on my FI timeline?
There is a direct correlation between your savings rate and the time it takes you to reach financial independence.
It’s pretty simple: the more money you save the faster you’ll reach financial independence. Enter your numbers, test different scenarios, and see for yourself!
Life You Love Calculators
Though time is invaluable, we buy or sell it every day with the choices we make. Below are calculators to help you put numbers to it!
12. Life Energy Calculator
How much money am I really making per hour?
Are you getting paid every hour that you’re using for your job? Are you accounting for all of the getting ready, commuting, traveling, and de-stressing time that your job requires?
This life energy calculator is designed to help you calculate your real hourly wage – which is how much money you’re actually making per hour. It’s probably less than you think.
Calculating your real hourly wage is useful in helping you determine whether a job is worth the money you’re trading for your time. Remember that money is infinite, but time is finite. How much money are you willing to trade your life for?
13. Freedom Calculator
How much freedom (time) am I trading for this?
When I was working towards financial independence I calculated that for every $100 I was saving I was buying at least 3 days of freedom in the future. This made saving easy.
Most things weren’t worth 3 days of freedom!! I’ve designed this calculator so that anytime you want to buy something you can determine whether it’s worth trading your time and freedom!
Make Money Calculators
Here are calculators to help you make the most of your side hustles.
14. Survey ROI Calculator
How much does that survey pay per hour?
Once you’re signed up and ready to take surveys, use this calculator to prioritize which surveys or activities to complete first.
The key to success with this side hustle is to only take surveys that have the highest time-to-point (payout) ratio. If you’re going to make money taking surveys, it’s important to identify the surveys that will pay the most for the least amount of time.
Use this tool to calculate how much each activity is offering to pay you – in simple, consistent dollars per hour.
Start Calculating Your Goals
Use these free online financial calculators to start making smart decisions that put you on the path toward financial freedom. With a few simple clicks, you can be on your way to saving and earning more and making the most of your time.
Our calculators are completely free to use, and they’re designed simply to help you calculate your finances. We don’t store any of the information you enter, keeping your data safe.
And each calculator is kept up to date to help you get the most accurate figures to work with as you map out your financial goals.
