Emergency Fund Calculator

An emergency fund is a crucial financial safety net designed to cover unexpected expenses or periods of job loss. It provides peace of mind and prevents you from going into debt when life throws a curveball.

Monthly Expenses ($) *

Enter your total essential monthly expenses (e.g., rent, food, utilities).

Desired Coverage Period (months) *

Typically 3 to 6 months of expenses.

Existing Savings ($) *

The amount you currently have saved for emergencies.

Recommended Emergency Fund Target: $0

Amount Still Needed to Save: $0

💡 Emergency Fund Tips

Start with a goal of $1,000 for immediate emergencies, then work toward 3-6 months of expenses. Keep your emergency fund in a separate, easily accessible savings account. Consider automating monthly transfers to build your fund consistently.