The formal theory of monads shows that much of the theory of monads can be developed in the abstract at the level of 2-categories. This means that results about monads can be established once and for all and simply instantiated in settings such as enriched category theory. Unfortunately, these results can be hard to reason about as they involve more abstract machinery. In this paper, we present the formal theory of monads in terms of string diagrams — a graphical language for 2-categorical calculations. Using this perspective, we show that many aspects of the theory of monads, such as the Eilenberg–Moore and Kleisli resolutions of monads, liftings, and distributive laws, can be understood in terms of systematic graphical calculational reasoning. This paper will serve as an introduction both to the formal theory of monads and to the use of string diagrams, in particular, their application to calculations in monad theory.