Understanding your Savings Plans recommendations - Savings Plans

Understanding your Savings Plans recommendations

To help you save money, AWS provides customized Savings Plans recommendations based on your past usage. You can use these recommendations to understand what you can save, how the commitment will be used, and more.

Viewing your Savings Plans recommendations

You can view the recommendations for your AWS account. If you're using AWS Organizations, you can view recommendations from the management account or member account level. You can access your recommendations to see the following summary metrics.

  • Monthly On-Demand Spend – The estimated On-Demand spend based on your usage over the selected time period. This includes all active Savings Plans that you own at the time of computation. This value represents what your On-Demand spend would be on a monthly basis, based on your past usage and current Savings Plan commitments.

  • Estimated Monthly Spend – The projected spend based on the recommended Savings Plans commitments. This value consists of the recommended commitment and any usage projected to remain on On-Demand due to hour-to-hour variations in usage.

  • Estimated Monthly Savings – The monthly net savings amount based on the usage over the selected time period, if you purchased the recommended Savings Plans.

To access your Savings Plans recommendations

  1. Sign in to the AWS Management Console and open the AWS Cost Management console at https://console.aws.amazon.com/cost-management/home.

  2. In the navigation pane, under Savings Plans, choose Recommendations.

The Recommended Savings Plans table shows a detailed breakdown of your Savings Plans selection.

You can also receive your Savings Plans recommendations via the AWS Cost Explorer API.

Understanding your recommendation calculations

Savings Plans recommendations examine the usage over your selected time period. Based on the usage, we calculate what your bill could have been if you had purchased an additional Savings Plan commitment for that time period. We identify and recommend the commitment value that we estimate will result in the largest savings.

Important
  • The recommendations don’t forecast your usage. Recommendations are based on your historical usage over the selected lookback period. Be sure to select a lookback period that reflects your future usage. Recommendations don't account for any queued or scheduled purchases because recommendations are based on the usage in the lookback period. Recommendations are also generated for immediate purchases, and not for future purchases.

    Recommendations are calculated based on your RI and Savings Plans discount sharing preferences. To view or change your preferences, see Turning off reserved instances and Savings Plans discount sharing in the AWS Billing and Cost Management User Guide.

  • Recommendations at the management account level are calculated considering usage across all of the accounts in your AWS organization that have RI or Savings Plans discount sharing enabled, to recommend a commitment that maximizes savings across accounts. Member account recommendations are calculated at the individual account level, to maximize savings for each isolated account.

  • Recommendations are generated for customers that have an average On-Demand spend of $0.10/hour during the lookback period (7, 30, or 60 days). If you recently purchased a Savings Plan, or if your Savings Plans recently expired, it might not be reflected in your Recommendations for up to 24 hours.

  • Compute and EC2 Instance Savings Plans Recommendations are created using the same set of usage. You can purchase both Compute Savings Plans and EC2 Instance Savings Plans to cover your usage, but the two sets of recommendations are not meant to be taken together simultaneously.

  • Recommendations are calculated using Savings Plans rates referenced in Pricing with Savings Plans.

Customizing your Savings Plans recommendations

You can customize your Savings Plans recommendations using parameters shown on your Purchase Recommendations page.

Customization options

You can customize your recommendations by changing your selections in the Recommendation Options section. You can use the following sections for your parameters.

  • Savings Plan Type – The type of Savings Plan. Choose Compute or Amazon EC2 Instance.

  • Savings Plan term – Your term commitment in years. Choose 1-year or 3-years.

  • Payment option – Your payment option for your Savings Plans recommendations. Choose All-Upfront, Partial upfront, or No upfront.

  • Based on the past – The lookback period and associated usage that recommendations will be used to calculate your savings.

  • Filter by – The option to view which member accounts you see the recommendations for. You can view recommendations for all member account IDs from the management account level. If you're a member account, you can only see your own account ID.

To customize your Savings Plans recommendations

  1. Open the AWS Cost Management console at https://console.aws.amazon.com/cost-management/home.

  2. In the navigation pane, under Savings Plans, choose Recommendations.

  3. For Savings Plan type, choose either EC2 Instance or Compute.

  4. Choose a Savings Plan term.

  5. Choose a Payment option.

  6. Enter the number of days for Based on the past.

  7. (management account level only) Choose the Linked Accounts tab, and select the account IDs you want the recommendations for.

  8. (Optional) To purchase the plans, select the check box next to your desired plans, and choose Add Savings Plans to cart.

Your recommendations change as you customize your selections. You’ll see the most optimal option presented to you in the Our recommendation section.

Downloading your Savings Plans recommendations

You can download your Savings Plans recommendations in CSV format. CSV formats are useful to review or share recommendations.

To download your Savings Plans recommendations

  1. Open the AWS Cost Management console at https://console.aws.amazon.com/cost-management/home.

  2. In the navigation pane, choose Savings Plans.

  3. In the left pane, choose Recommendations.

  4. In the Recommended Savings Plans section, choose Download CSV.

CSV field details

  • Account ID – The unique identifier for a member account.

  • Offering ID – The unique identifier for the Savings Plans prices used to generate the recommendations.

  • Hourly commitment to purchase – The recommended Savings Plan hourly commitment, based on your selected parameters.

  • Estimated Savings Plans cost – The estimated total cost of your recommended Savings Plans after purchase, over the selected time period (7, 30, or 60 days).

  • Estimated On-Demand cost – The estimated total On-Demand cost after the purchase of the recommended Savings Plans, over the select time period (7, 30, or 60 days).

  • Current average hourly On-Demand spend – The average hourly On-Demand spend observed over the selected time period.

  • Current minimum hourly On-Demand spend – The minimum hourly On-Demand spend observed over the selected time period.

  • Current maximum hourly On-Demand spend – The maximum hourly On-Demand spend observed over the selected time period.

  • Estimated average utilization – The expected utilization percentage of the recommended Savings Plan, based on your current eligible On-Demand costs.

  • Estimated monthly savings amount – The estimated savings that will result from your Savings Plans purchase, based on your past usage and the Savings Plans you already own.

  • Estimated savings percentage – The amount your Savings Plan commitment will save you from your current, Savings Plans-eligible On-Demand costs.

  • Estimated ROI – The estimated return on investment of the Savings Plan. This is calculated by taking your estimated savings and dividing it by the cost of the Savings Plan.