Emergency Fund Calculator
Calculate how much you need in your emergency fund based on your monthly expenses.
Enter your monthly essential expenses:
Formula
Emergency Fund = Monthly Essential Expenses × Number of Months (typically 3-6)Why You Need an Emergency Fund
An emergency fund covers unexpected expenses — job loss, medical bills, car repairs. Without one, you may be forced into high-interest debt. Financial experts recommend 3-6 months of essential expenses.
Frequently Asked Questions
How many months should my emergency fund cover?
3-6 months is standard. Choose 6+ months if self-employed, single-income household, or in an unstable industry.
Where should I keep my emergency fund?
In a high-yield savings account (HYSA). It should be easily accessible but separate from your spending account.