Emergency Fund Calculator
Free emergency fund calculator to determine your ideal fund size based on monthly expenses and risk factors. Calculate 3-6 months of expenses and plan your savings timeline for financial security.
Your Financial Situation
%
Personal Risk Assessment
Recommended Emergency Fund
12,000
3 months of expenses
Your Preferred Target
24,000
6 months of expenses (Medium Risk tolerance)
Current Coverage
0.5 months
Remaining Needed
10,000
Time to Goal
1.7 years
Risk Level
Low Risk
Reach your goal faster:
In 12 months: Save 833 per month
In 6 months: Save 1,667 per month
Savings Progress
Your Progress
Risk-Based Target
Your Preferred Target
Timeline to Emergency Fund
25
25%
50
50%
75
75%
100
100%
Want to track this over time?
Create a free account to save your calculations, track your progress, and get personalized insights.
Create Free AccountTips
Start Small: Begin with a goal of $1,000, then gradually build to your full emergency fund target.
Automate Savings: Set up automatic transfers to your emergency fund to make saving effortless and consistent.
Keep It Liquid: Store your emergency fund in a high-yield savings account or money market account for easy access.
Separate Account: Keep your emergency fund in a separate account to avoid the temptation of using it for non-emergencies.
Review Regularly: Reassess your emergency fund needs annually or when your life circumstances change.
True Emergencies Only: Use your emergency fund only for genuine emergencies: job loss, medical bills, or urgent repairs.
FAQ
How much should I have in my emergency fund?+
Where should I keep my emergency fund?+
Do I include my mortgage/rent in monthly expenses?+
What counts as an emergency?+
Should I pay off debt or build emergency fund first?+