🛟 Emergency Fund Calculator
Figure out how big your emergency fund should be, and how many months it will take to build it based on what you can save.
Why an emergency fund matters
An emergency fund is money set aside to cover essential expenses, such as rent, utilities, food, and insurance, if you lose income unexpectedly or face a large surprise cost. Financial educators commonly recommend saving three to six months of essential expenses, with some suggesting up to twelve months for less stable income situations.
How this calculator works
Enter your essential monthly expenses and choose how many months of coverage you want to target. The calculator multiplies these to find your savings goal, subtracts what you’ve already saved to find how much more you need, and, based on how much you can save each month, estimates how many months it will take to reach your goal.
This tool is for general financial planning and educational purposes. Your ideal fund size depends on your personal circumstances, job stability, and dependents, and this calculator does not replace personalized financial advice.