Savings Rate Calculator | How much are you saving?
The easiest way to measure how much money you’re saving (and then saving as much as you can!) is to track your savings rate. 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.