Emergency Fund Calculator
Calculate how much you need in an emergency fund. Determine the ideal amount based on your monthly expenses and job security.
An emergency fund is your financial safety net for unexpected expenses like job loss, medical bills, or major repairs. This calculator helps you determine the right emergency fund size based on your personal situation and expenses.
Calculator
Common use cases
- Building financial security
- Preparing for job loss
- Planning for unexpected expenses
- Setting savings priorities
How to use
- Enter your monthly essential expenses
- Choose how many months of coverage you want
- Input your current emergency savings
- See your target fund size and how much more to save
FAQ
How many months of expenses should I save?
3 months is the minimum, 6 months is standard, and 9-12 months is recommended for self-employed or those with unstable income.
Where should I keep my emergency fund?
Keep it in a high-yield savings account that's accessible but separate from your regular checking account.
What counts as an emergency?
Job loss, medical emergencies, major car or home repairs, not vacations or optional purchases.
This calculator provides illustrative estimates for planning purposes only and does not constitute financial, tax, or legal advice.