Emergency Fund Calculator
Calculate emergency fund target: months of expenses and amount still needed.
Use the Emergency Fund Calculator
Enter monthly expenses and target months. Emergency fund target and amount needed are calculated.
Inputs
Monthly expenses and savings goal.
Results
Target emergency fund
$24,000
Amount still needed
$19,000
Progress
21%
Aim for 3–6 months of expenses. Self-employed or unstable income may need more.
How this calculator works
Enter monthly expenses, target months of coverage, and current savings. Target and amount needed are calculated.
How to interpret your results
Target = months × monthly expenses. Amount needed = target minus current savings.
FAQs
How many months of expenses?▾
Common advice: 3–6 months. Self-employed or unstable income may need more.
Where to keep emergency fund?▾
High-yield savings or money market. Easy access, low risk.
Include all expenses?▾
Use essential expenses only: housing, utilities, groceries, insurance, minimum debt.
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