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Finance Calculators

50/30/20 Budget Calculator

Verified formula Updated Jun 2026 Private — runs on your device

Enter details
₹
Verified formula Private

Needs (50%)

₹50,000

Wants (30%)
₹30,000
Savings & debt (20%)
₹20,000

For general information only — not financial, tax, legal or medical advice. Verify before you rely on it.

How to use the 50/30/20 Budget Calculator

The 50/30/20 Budget Calculator works out your needs (50%), along with 2 related figures in an instant. Enter monthly take-home income and the result updates as you type — it is free, needs no sign-up, and runs entirely in your browser so your figures stay private.

  1. Enter the monthly take-home income.
  2. Read off your needs (50%), together with wants (30%) and savings & debt (20%) — the calculator updates automatically, with no button to press.

Formula

The 50/30/20 Budget Calculator uses the formula:

Needs (50%) = Monthly take-home income × 0.5

Worked example

For example, with monthly take-home income of ₹100,000, the needs (50%) is ₹50,000.

Inputs used
Monthly take-home income ₹100,000
Results
Needs (50%) ₹50,000
Wants (30%) ₹30,000
Savings & debt (20%) ₹20,000

Results are estimates for educational use, not professional advice.

Frequently asked questions

It splits take-home pay into 50% for needs, 30% for wants and 20% for savings and debt repayment. On 1,00,000 that is 50,000, 30,000 and 20,000.

Needs are essentials like rent, food, utilities and minimum loan payments. Wants are lifestyle spending like dining out, subscriptions and holidays.

Yes. The rule is a starting point. If your rent is high or you are clearing debt, you may shift the split to fit your situation.

Yes. The savings bucket covers building an emergency fund, investing and paying down debt beyond the minimums.

The 50/30/20 Budget Calculator uses the formula: Needs (50%) = Monthly take-home income × 0.5. For example, with monthly take-home income of ₹100,000, the needs (50%) is ₹50,000.

Enter the monthly take-home income. Read off your needs (50%), together with wants (30%) and savings & debt (20%) — the calculator updates automatically, with no button to press.

What Is a Good Savings Rate?

A widely used benchmark is to save at least 20% of your income, as in the 50/30/20 budget. Saving 20% or more is good, 10–20% is a solid start, and below 10% leaves little buffer. Higher savers reach financial goals — and early retirement — much faster.

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