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Engagement Ring Calculator

Feb. 8, 2019
Managing Money, Personal Finance
Engagement Ring Calculator
At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.

We created a calculator that can help you save up for a diamond — or an alternative stone, if that’s what you prefer. Play around with the numbers to see how much ring you can afford and how long it’ll take you to save up the money.

We prefilled the budget field with the 2018 national average spend on an engagement ring, according to The Knot.

Once you find a number you’re comfortable with, start socking away money each month for that big, shiny rock.

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