Emergency Fund Calculator
Calculate your emergency fund target from monthly expenses and risk profile, plus how long it takes to save the gap.
Your emergency fund numbers stay on your device — nothing is uploadedTry: Monthly essential expenses=3000, Risk profile=stable-dual, Current emergency savings=1000, Monthly amount you can save=500, High-yield APY (optional, %)=0 → 3–6 months, $18,000.00, $1,000.00, $17,000.00, 34 months (2.8 yr)
How to use
An emergency fund is cash set aside for job loss, medical surprises, or urgent repairs. The right size depends on how stable your income is — the less stable, the bigger the buffer. This tool multiplies your monthly essential expenses by a profile-based coverage range and shows how long it takes to close the gap.
FAQ
Is 3 months of expenses enough?
For a dual-income household with very stable jobs, 3 months can work. Most guides suggest 3–6 months; single-income and self-employed households need more.
Should the emergency fund be invested?
No. It must be liquid and safe. Keep it in cash or a high-yield savings account, not stocks, so it is there when you need it.
Does the calculator account for my actual bills?
Use your true essential monthly expenses — housing, food, insurance, minimum debt payments — not discretionary spending. The coverage months come from common personal-finance guidance.