Calculate Your Savings Rate

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Your savings rate is the percentage of total savings from your take-home pay.

This rate can be used as a rough estimate to when you'll reach financial independence. This assumes you'll maintain the same expenses in retirement. If your savings rate is 0%, you'll never be able to retire because you'll be living paycheck-to-paycheck forever. If your savings rate is 100%, you can afford to retire now. In between those extremes:

Learn more about it from The Shockingly Simple Math Behind Early Retirement.

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