Income Savings Rate Calculation

[Mitch Vogatsky]

Hi everyone, I’m having trouble finding an answer to this question in the forums and on the web in general. I’m wondering how you all calculate your income savings rate? It’s obvious that you would go off your net pay. But my confusion comes in when I consider my 401k. My 401k contributions are taken out before taxes. I don’t want to leave these savings out, as I currently put 23% of my gross pay into my 401k. How do I consider these savings along with the savings from my net pay?