All tools

Emergency Fund Calculator

How much should you keep in an emergency fund?

An emergency fund is cash you can tap for job loss, medical bills, or home repairs without leaning on credit cards. A common approach is to multiply the monthly cost of true essentials by the number of months you want covered.

This calculator does not replace personalized advice—it is a planning aid. Adjust the “months” slider to match your comfort level and job stability.

Your essentials & timeline

Estimate must-pay monthly costs (housing, utilities, food, insurance, minimum debt, transport). Then choose how many months of runway you want set aside.

3 mo24 mo

Target & gap

Emergency fund target
$21,000
Still to save
$19,000
Funded
10%

Progress

Saved vs remaining to hit your target.

Emergency fund 10 percent funded. Target $21,000.

Funded

10%

Frequently asked questions

How much should I have in emergency savings?
A common starting target is three to six months of essential expenses in cash you can access quickly. People with variable income or single-earner households sometimes aim higher—use the months slider to compare.
How many months of expenses should I save?
There is no single right number. Three months is a minimum for some; six is a popular middle ground; others choose twelve or more for extra cushion. Match the slider to your risk tolerance and job security.
What counts as essential expenses for an emergency fund?
Focus on costs that are hard to cut in a crisis: housing, utilities, food, insurance, transportation to work, minimum debt payments, and childcare—not discretionary fun spending.

Related free tool: House Down Payment CalculatorSet a down payment goal, what you have saved, monthly contributions, and an illustrative annual return to see time to goal.

Budget management for everyday households.