How to Calculate Your Personal Savings Rate and Why It Matters

Mr. Enchumbao

I work for a large investment management company helping people save for traditional retirement. During my spare time, I help others save for financial independence and early retirement by writing for Enchumbao. My journey to FI began in 2012. I was in a lot of debt back then, but I turned things around and became debt free a few years later. My wife and I reached financial independence in 2017 and are preparing to retire by 2020.

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2 Responses

  1. The savings rate in America is laughably small. If it weren’t for Social Security, everyone would be working until they dropped dead. Great breakdown of the math behind calculating savings rates. I wish more people would take heed!

    • Hi Moola –
      Yes, Social Security has been a lifesaver for many. Thanks for complimenting the numbers – it means a lot coming from a finance guy like you. 🙂

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