Compare your Savings Rate to the rest of America

Rank your savings rate versus the US population, based on data from the Bureau of Labor Statistics. To calculate your Savings Rate Ranking, you’ll need to first calculate your savings rate. For this calculator, your annual savings are measured as a percent of your income. Estimate your total annual expenses + taxes (including SS) over your annual income. Your retirement contributions to pensions, 401ks, IRAs, TSPs, etc are considered savings, so do not include those as expenses. Further, do not include un-realized capital gains or un-realized mortgage equity, since the comparison group does not include those as savings.

For example, if you spend $55000 a year, pay $9000 in taxes, contribute $1500 to retirement, and earn $69000, you would calculate it this way: 1-($55000+$9000)/($69000) = 7.2% annual savings rate.
Savings as a Percent of Earnings (Drag slider or enter below):

Savings Rate:

Savings Rate Ranking

Your Savings Rate Percentile Rank : A savings rate of 6% ranks at the 42.94%
US Median Savings Rate : 13.8134%
US Weighted Mean Savings Rate: 8.2%
Middle 50% by Savings Ribbon You are in the 43 percentile. If there were 100 households within the nation 57 households would be have higher savings rate than you. 42 households would have lower savings rate than your household. The savings rates of the comparison group are calculated using their total reported spending (living expenses, taxes, Social Security) and total reported income (wages, interest, capital gains) to calculate how much of their income was not spent. Families with negative savings rates greater than -100% are grouped in the -100% bucket (example, a household who earns $2000 a year and is spending $15000 a year would have a savings rate of [1-$15000/$2000] = -650%). The raw data is sourced from the US Bureau of Labor Statistic's 2015 Consumer Expenditures Survey. There is more explaination below on how the numbers are calculated. Also, this calculator does not adjust for income, because expenses are more controllable than income. In general, the higher income households tend to save at higher percentage rates than lower income households.

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Savings Percentiles

For reference, here is how much of your income you would have to have to rank at certain percentiles
Top 10% savers save 46.44% of income.
Top 25% savers save 34.01% of income.
The middle 50% save 13.81% of income.
The bottom 25% save -26.98% of income.
The bottom 10% save -130.45% of income

Annual Savings Rate Summary Statistics

To give you an idea around the data that these results are based off of here are additional statistics from the sample population that generated your results. You may notice that the data shows that a large portion of the population is spending more than they save. This is potentially overstated due to many lower income families underestimating their income or not including all income sources. In addition, most households with unemployed earners or students will be in the negative savings category, because their reported incomes are low. You can read more on limitations of the survey data at the Bureau of Labor Statistics Consumer Expenditures Survey FAQ

Further, you can cross-check some of these results against the 2015 published result PDFs on the CEX website. One major change on the results here versus the offical PDF is that the offical results include retirement contributions as an expense. I do not agree with that so I re-ran the public microdata to separate retirement contributions (excluding Social Security). Retirement contributions on the results on this calculator are considered a form of savings. The Weighted Mean Savings Rate (excluding retirement savings) results match the official data, whereas the other savings rates are based off of the numbers that I adjusted.

Median Savings Rate : 13.8134%
Weighted Mean Savings Rate (including retirement savings) : 8.2%
Weighted Mean Savings Rate (excluding retirement savings): 6%
Weighted Mean Income: $76,460.80
Weighted Mean Expenses (including retirement contributions): $61,777.70
Weighted Mean Taxes: $10,104.00
Weighted Mean Retirement Savings (excluding Social Security): $1,721.30
Savings Rates for the 25th - 75th Percentile Ranges : -26.9813% to 34.0087% of income saved.
These results are based off of 26789 individual household samples to represent 114695174 American households.The numbers are based off of the results of the 2015 Consumer Expenditures Survey by the US Bureau of Labor Statistics. The raw data is public and can be found at the BLS CEX page.