Emergency Fund Calculator
Calculate how much you need in your emergency fund and how long it will take to save it based on your monthly expenses and savings rate.
Emergency Fund Target
Emergency Fund is a cash reserve to cover unexpected expenses or income loss.
Target Amount = Monthly Expenses × Months of Safety
Months to Reach Goal = Target Amount / Monthly Savings
How many months should you save?
- 3 months — Minimum recommended (stable dual income)
- 6 months — Standard recommendation (single income or variable expenses)
- 9–12 months — Conservative (self-employed, freelancers, single parents)
What counts as monthly expenses?
- Rent/mortgage, utilities, groceries, insurance, transportation, minimum debt payments, and any recurring obligations.