๐ Emergency Fund Calculator
"3 to 6 months of expenses" is a commonly cited guideline โ adjust to fit your situation.
Enter your monthly expenses and how many months of coverage you want, to calculate a target emergency fund amount. "3 to 6 months of expenses" is a commonly cited guideline, but you can set any number of months that fits your situation.
How to use
- Enter your monthly expenses.
- Enter how many months you want to cover, or pick a preset.
- The target emergency fund amount is calculated automatically.
FAQ
How many months should I aim for?
3 to 6 months is commonly cited as a guideline, but the right number varies based on income stability (e.g. salaried vs. self-employed) and household situation. This tool lets you try any number of months.
What formula is used?
Target amount = monthly expenses ร number of months โ simple multiplication.
What should I include in monthly expenses?
It's generally recommended to use essential ongoing costs that continue even without income โ rent, food, utilities, phone/internet, insurance, and similar.