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Emergency fund

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Find your emergency fund target based on your essential expenses, and how long it will take to get there.

How this calculator works

An emergency fund covers essential expenses, like housing, utilities, food, insurance, transportation, and minimum debt payments, if your income stops or a big surprise bill arrives. Common guidance is 3 to 6 months of essentials, and more if your income is irregular, you are the only earner, or you are self-employed. Keep it somewhere safe and easy to reach, like a high-yield savings account, not invested in stocks. If you filled in the Monthly budget, you can pull your needs total straight into this calculator.

Related calculators

Monthly budgetList your bills line by line and compare your spending with the 50/30/20 guideline: needs, wants, and savings.Savings goalHow long until you reach a goal, and what it takes to get there by a target date.

Disclaimer: This calculator is for education and planning only and is not financial advice. Actual rates, fees, and terms vary by lender and your credit, so confirm the numbers with your lender before you sign anything.

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