Budget Calculator: Plan Your Income, Expenses, and Savings Rate
Add your income and expenses below to see your planned savings, savings rate, and debt-to-income ratio update in real time.
Income
Expenses
Once your budget has room to save, put that gap to work. Try the savings calculator to see how fast it can grow.
How this calculator works
Assumptions
- Enter every amount as a monthly figure. Using take-home (after-tax) pay gives the most realistic picture.
- Savings rate is planned savings divided by total income.
- Debt-to-income (DTI) is the expenses you check as debt payments divided by total income.
What your result means
The summary shows whether your plan leaves money left over and how your savings rate and DTI compare with common guideposts: saving about 20% of income and keeping DTI at or under 36%. These are general rules of thumb, not requirements.
Limitations
A budget is only as accurate as the numbers you enter. Irregular costs like car repairs, annual bills, or medical expenses are easy to miss. Lenders may calculate DTI using gross income, so their number can differ from this one.
Results are estimates for education, not personalized financial advice. For decisions about your own situation, consider talking with a qualified financial professional.
Example
With $4,000 of monthly income, $400 planned for savings, and $1,200 in debt payments, your savings rate is 10% and your DTI is 30%.
This calculator is an educational estimate, not financial advice. Your entries are saved only in your own browser when you choose to save them; nothing is sent to or stored on our server. Savings rate is planned savings divided by income; debt-to-income is the expenses you mark as debt payments divided by income.