Overview

The Emergency Fund Calculator helps you determine the right amount to set aside for unexpected events like job loss or illness. Enter your essential monthly expenses and household situation to get a recommended fund target and savings plan.

Formula

Emergency Fund Target = Monthly Essential Expenses × Recommended Months (3–6). Monthly Savings Needed = (Target - Current Fund) / Goal Period (months).

How to Use

1. 1Enter monthly essential expenses (rent, food, utilities, insurance, etc.).
2. 2Select your household situation (single/dual income, dependents, etc.).
3. 3Enter your current emergency fund balance.
4. 4Set a target timeline in months for reaching your goal.
5. 5Click Calculate to view the target amount and monthly savings needed.

Tips

• ✔Single-income households should aim for 6+ months of expenses; dual-income households can target 3–4 months.
• ✔Keep emergency funds in highly liquid, capital-preserved accounts like CMA or money market funds.
• ✔Once your emergency fund is fully funded, redirect additional savings toward investments or debt repayment.

FAQ