Emergency Fund Goal Calculator
Use this tool to estimate how much you should set aside in your emergency fund. We recommend saving enough to cover at least 3–6 months of essential living costs in case of job loss, illness, or other unexpected events.
How It Works
- Input your essential monthly expenses (e.g. rent, food, bills)
- Select how many months you'd like your emergency fund to cover
- Optionally choose a savings deadline to see how much to save each month
Frequently Asked Questions
How big should my emergency fund be?
Most experts recommend saving 3–6 months of essential expenses. If your income is irregular or you have dependents, aim for closer to 9–12 months.
What counts as essential expenses?
Include rent or mortgage payments, utility bills, groceries, insurance, and debt repayments — exclude entertainment or non-essentials.
Where should I keep my emergency fund?
In an easy-access savings account with a competitive interest rate. Avoid investing it, as you need the money to be stable and available quickly.
Explore More Tools
Want to grow your savings faster? Try our Compound Interest Calculator or Monthly Savings Goal Tool.