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Frequently Asked Questions

How much can I save calculator?

This rule suggests that a person save 10% to 15% of their pre-tax income per year during their working years. For instance, a person who makes $50,000 a year would put away anywhere from $5,000 to $7,500 for that year. Roughly speaking, by saving 10% starting at age 25, a $1 million nest egg by the time of retirement is possible.

How do you calculate the savings percentage?

To calculate cost savings percentage, start by subtracting the new price of the item from the original price. Then, divide the price difference by the original price. Finally, multiply that decimal by 100 to get the cost savings percentage.


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