Budget Tool
Knowing where every dollar goes is the first step to optimizing your savings. Direct that surplus into a 401(k) and an investment account like Pantile, and compounding does the rest. The earlier you start, the greater the effect.
Assumes retirement at Age 65
Enter your financial information below to see what compounding your savings into investments can do to grow your wealth.
Enter your annual salary and any additional monthly income. Your 401(k) contribution is deducted before taxes, reducing your taxable income.
Needs are what you need to live your life: rent or mortgage, food, transportation, utilities, and insurance. The 50/30/20 rule targets 50% of your net income here.
Wants are what you spend money on to live a full life: social expenses, gym memberships, travel, and subscriptions. Target is 30% of net income.
Savings are what you use to generate wealth with the remaining cash left over. This is the most important item to optimize. The 20% target is a floor, not a ceiling.
Monthly net pay split