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Emergency Fund Calculator
Calculate how much you need in your emergency fund based on monthly expenses. See how long it will take to build 3-6 months of savings for financial security.
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Include rent, utilities, food, insurance, etc.
months
3-6 months is standard, 6-12 for variable income
$
$
How much can you save each month?
Emergency Fund Status
Target Amount
$24,000
6 months of expenses
Progress20.8%
Current Savings$5,000
Amount Needed$19,000
Time to Goal2y 11m
At $500/month, you'll reach your goal by December 2028
Coverage Level Comparison
3 months
$12,000
42% funded
6 months
$24,000
21% funded
9 months
$36,000
14% funded
12 months
$48,000
10% funded
What to Include in Monthly Expenses
Essential Expenses
- • Housing (rent/mortgage)
- • Utilities (electric, gas, water)
- • Food & groceries
- • Health insurance
- • Transportation
- • Phone & internet
Often Forgotten
- • Minimum debt payments
- • Insurance premiums
- • Prescriptions & medications
- • Pet care
- • Child care
- • Subscriptions (if essential)
Emergency Fund Tips
- •Start with $1,000 as a starter emergency fund, then build to 3-6 months
- •Keep it in a high-yield savings account for easy access + growth
- •Variable income? Aim for 6-12 months of expenses
- •Only use for true emergencies: job loss, medical, major repairs
- •Replenish immediately after using it
Related Calculators
How to Use This Emergency Fund Calculator
This free emergency fund calculator helps you make informed financial decisions. Simply enter your values above and see your results instantly - no signup required.
Why Use Our Calculator?
- •Instant Results: See calculations update in real-time as you adjust values
- •Visual Charts: Understand your finances with interactive visualizations
- •Mobile Friendly: Works perfectly on any device
- •100% Free: No hidden fees or signup required