I love money calculators. Here is a collection of all the money calculators I’ve built.

Saving and Spending Calculators

Below are calculators to help you track how much you’re spending and whether you’re saving enough to meet your goals.

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.

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!

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 calculator helps you see how the savings really add up using your own scenarios.

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.

Expense Calculator

 How much do I spend?

This 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 has 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:

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.

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.

Early Retirement Calculator

 When can I retire? Am I on pace to 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 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.

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. But it’s important to not stress out about it and understand that your number will and should change as you change. The key is to calculate an estimate and to get comfortable with adjusting your own numbers as you grow and your life changes.

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 loan 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.

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!

Life Energy Calculator

 How much money am I really making per hour?

Are you getting paid every hour that your 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.

You are probably making less money than you think per hour. 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 in infinite, but time is finite. You can always go out and make some extra money, but you’ll never get back you time. How much money are you willing to trade your life for?

Freedom Calculator

 How much freedom (time) am I trading for this?

When I was working towards financial independence I calculated that 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 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.

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. This will help you identify the highest paid activities.

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.

Unfortunately, this isn’t always clear. Each platform values their points or rewards differently, making it hard to compare the top survey sites.

Use this tool to calculate how much each activity is offering to pay you – in simple, consistent dollars per hour.