Emergency Fund Calculator
See how big your emergency fund should be from your monthly expenses and the number of months you want it to cover.
- Free
- No sign-up
Enter your expenses and months to cover to see the target.
Worked example
With these example inputs:
- Monthly expenses$3,000
- Months to cover6 mo
Emergency fund target: $18,000
- Months covered6
- If the first figure were 10% higher$19,800
Frequently asked questions
How many months should I save?
Three to six months of expenses is a common target. Lean toward six or more if your income is variable or you are the sole earner.
What counts as expenses here?
Use your essential monthly costs, housing, food, utilities, insurance and minimum debt payments, rather than your full discretionary spending.