Calculator
Are you saving enough of your income?
Savings rate is the single most powerful lever in physician financial planning. Even a 5% improvement compounds dramatically over a 20-year career.
Savings Rate Calculator
Monthly savings ÷ gross income — compared to physician targets
Monthly Savings Breakdown
Extra debt paydown above minimums counts toward savings rate. Mortgage principal counts but interest does not.
Your Savings Rate
16.4%
$49,308 saved per year on $300,000 gross
Physician Savings Targets
Minimum (catch-up)
Below recommended for physicians
Good (on track)
Accounts for late start
Great (ahead)
Building real long-term wealth
Excellent (FI path)
Financial independence in sight
Good (on track)
Accounts for late start
Ready to optimize your savings?
A personalized plan accounts for your tax rate, loan strategy, and the right account order for your situation.
Schedule a Complimentary ConsultationWhy physicians need a higher savings rate than most financial advice assumes
Most savings rate benchmarks assume you started working at 22 and have been contributing to retirement for a decade before you turn 32. Physicians start their attending careers at 30-35, which means 8-13 fewer years of compound growth compared to the population those benchmarks were designed for.
The math is clear: a physician who saves 20% of a $350,000 income starting at 32 can reach financial independence by 55. A physician saving 10% reaches that same point at roughly 65. The gap is entirely a function of savings rate, not income. You cannot out-earn a low savings rate.
The 20-30% target range accounts for the compressed timeline and the need to service student debt while building wealth simultaneously. Think of extra debt paydown as deferred savings: it reduces your liabilities now and frees up cash flow for investing later.