FIRE Savings Rate Learn your numbers Fidelity Savings rate is the percentage of your income that you don’t spend. The higher your savings rate, the sooner you could reach your FI goal.

Let s crunch the numbers

Financial Independence happens at different speeds, depending on your present and future spending habits. Savings rate is all about what you can do and what trade offs you are willing to make. If you reduce your savings for a few years, to pay for childcare, for example, or to pay off student loan debt, you can still make progress towards financial independence. Savings rate is a great way to gauge your spending and saving behavior, and challenge yourself to move the needle.

Take this short quiz to calculate your savings rate

Let's go

1 3 How much are you earning

My take-home income is

2 3 How much do you save and invest for the future

Every I put this much into

Post-tax savings (checking, savings, brokerage) Pre-tax retirement contributions (401(k), 403(b), IRA) Post-tax retirement contributions (Roth IRA, Roth 401(k)) Tax-free contributions, generally* (HSA)

3 3 Here s your savings rate

Savings Rate % Monthly take-home income Monthly expenses Monthly savings Here's what different savings rates could look like for you. 5% = 15% = 25% = 50% = 70% = Want to figure out how long it might take you to get FI? Ready to take action? *With respect to federal taxation only. Contributions, investment earnings, and distributions may or may not be subject to state taxation. Fidelity does not provide legal or tax advice. 925222.6.0 Savings Rate To simplify this calculator we only ask a few inputs and then determine or assume the rest. We asked you your take home pay and your current savings; then we use some algebra combined with a 15% tax rate assumption to approximate what your gross pay might be. Take home pay is understood to be your income after retirement plan contributions but before any taxable savings. Monthly expenses Take home pay is understood to be your income after retirement plan contributions but before any taxable savings. We deduct your taxable savings from your take home pay and assume the rest is expenses.