Everyday Money

Emergency Fund Calculator

Estimate your emergency fund target and how long it may take to reach it.

Basics

Monthly expensesiUse essential monthly expenses, not every nice-to-have item.

Current savingsiEnter cash already set aside for emergencies.

Monthly savings contributioniEnter how much you can add each month.

Desired emergency fund monthsiMany people target three to six months of essential expenses.

months

Emergency funds protect you from job loss, urgent repairs, medical costs, or family surprises.

Three to six months of essential expenses is a common target, but unstable income may call for more.

Emergency funds are usually kept liquid and low risk, not locked in volatile investments.

Frequently asked questions

Should I invest my emergency fund?+

Most emergency funds should stay accessible and low risk.

What expenses should I include?+

Focus on essentials like housing, food, transport, insurance, utilities, and minimum debt payments.