Savings Rate Calculator

Features Savings Rate Calculator

Do you struggle understanding how to calculate your savings rate at a moments notice?nnThis app is for you.nnIt assumes you have 4 bank accounts:n1.
Business Checkingn2.
Business Taxn3.
Personal Savingsn4.
Personal ExpensennWith this app, you can know exactly how to get money from your Business Checking account into your Personal Expense account, and do it while targeting a specific Net Savings Rate.
Just fill in any 2 of the fields and it will fill in the rest.nn(Did you know?
Net Savings Rate is the strongest influence on when you can retire.
A combined savings rate of 74% will let you retire in 7.5 years, even if you start from $0.)nnTARGET SAVINGS RATE - This is the percentage of your net pay that ends up in your savings account.nnGROSS INCOME - This is the full amount you wish you withdraw from the Business Checking accountnnEXPENSE ACCOUNT - This is the amount you will deposit into your Personal Expense account.
Youll use this account to pay all of your bills.nnSAVINGS ACCOUNT - This is the amount you will deposit into your Personal Savings account.
This is post-tax money.
You may invest as you wish.nnTAX ACCOUNT - This is the amount you need to transfer to your tax account to cover 100% of your tax liabilities.
(This version is hard-coded at 40%, which is a little higher than you need.
Future versions will allow you to configure your tax rate.)