What is a good savings rate?
The 50/30/20 guideline suggests about 20% of take-home pay. Any consistent, positive rate is a good start — and improving it over time matters most.
By the MonthlyIQ team · Last updated 2026-09-28 · Editorial policy
Key takeaways
- The 50/30/20 guideline suggests about 20% of take-home pay. Any consistent, positive rate is a good start — and improving it over time matters most.
The longer answer
Savings rate = (income − spending) ÷ income. Pick one method (take-home or gross) and stay consistent.
Goals, age, and costs change what's right for you. This is general information, not financial advice.
See your own numbers
Connect your accounts and MonthlyIQ explains your month — what's due, what changed, and what's left.
General information only, not financial, tax, or legal advice. MonthlyIQ is not a bank or financial adviser.