Budget the 50/30/20 Way
See exactly where your money should go — and how fast you can reach financial independence — based on your take-home pay.
Set Your Budget
Enter your monthly take-home income and choose how to split it.
How Soon Could You Retire?
Your savings rate is the single biggest lever for financial independence. Calculate above to see your FIRE timeline.
Based on the 4% safe withdrawal rate. Assumes a 7% real portfolio return and 25× annual expenses needed to retire. Your actual timeline depends on investment returns, expenses in retirement, and when you start.
Model your investment growth →Enter your income above and calculate to see your FIRE timeline.
What Does Each Bucket Cover?
The 50/30/20 rule — popularized by Senator Elizabeth Warren — gives every dollar a purpose.
Non-negotiable costs you must pay each month.
- Rent or mortgage
- Groceries & utilities
- Insurance & minimum debt payments
- Transportation to work
Things you enjoy but could live without if needed.
- Dining out & entertainment
- Streaming & hobbies
- Travel & vacations
- Clothing beyond basics
Building wealth and eliminating debt above minimums.
- Emergency fund (3–6 months)
- 401(k), IRA, brokerage
- Extra debt payments
- Sinking funds for big purchases
Ready to Make Every Dollar Count?
Use your budget as a launchpad — invest the savings bucket and crush any debt.
This calculator is for educational purposes only and does not constitute financial advice. The 50/30/20 framework is a general guideline; individual circumstances vary. FIRE timelines assume a 7% real annual return and the 4% safe withdrawal rate. Consult a qualified financial advisor before making major financial decisions.