Emergency Fund Calculator
Emergency Fund
Suggested fund
$12,000.00
Monthly expenses
$2,000.00
Months covered
6
How calculations work
All calculations run locally in your browser and no external services are used.
- Monthly expenses: your typical monthly spending input.
- Months to cover: how many months of expenses you want the fund to cover.
- Suggested fund: monthly expenses × months to cover.
This is a guideline; actual emergency needs may vary based on circumstances.
What this does
This Emergency Fund Calculator provides a guideline for how much you might set aside to cover unexpected expenses. Enter your typical monthly expenses and the number of months you want to be covered to see a suggested emergency fund target.
Who should use
Individuals and households planning financial resilience can use this to estimate a reserve target. It is useful for budgeting, building savings plans, or comparing how many months of expenses different savings levels would cover.
How this works
The calculator multiplies your monthly expenses by the chosen coverage period (months). This yields a straightforward target amount. The result is a guideline rather than a precise requirement — real needs depend on personal circumstances and income stability.
How to interpret the results
The suggested fund is the amount that would cover your stated monthly expenses for the chosen period. Longer coverage periods provide more buffer but require larger savings. Consider liquidity, inflation, and access to credit when deciding your target.
Example
If monthly expenses are $3,000 and you choose 6 months coverage, the recommended emergency fund would be $18,000. Use the calculator to try other coverage horizons or adjust expenses for different scenarios.
Limitations & disclaimer
This is a guideline and does not consider investments, taxes, or changing personal circumstances. It is not financial advice. For localized information and other tools, see the calculators hub.