Emergency Fund Calculator

Calculate how much you should save for emergencies based on your expenses and personal situation.

Housing (Rent/Mortgage)

Utilities (Electric, Gas, Water, Internet)

Food & Groceries

Transportation (Car Payment, Gas, Transit)

Insurance (Health, Auto, Life)

Minimum Debt Payments

Other Essential Expenses

Income Stability

Number of Income Earners in Household

Do You Have Dependents?

Any Health Concerns?

Do You Own a Home?

Current Emergency Fund Balance

How Much Can You Save Monthly?

Recommended Emergency Fund

Monthly Essential Expenses $0

Recommended Months Coverage 0 months

Your Risk Level -

Current Savings $0

Amount Still Needed $0

Months to Reach Goal 0 months

Current Coverage 0 months

How Much Emergency Fund Do You Need?

Financial experts generally recommend having 3-6 months of essential expenses saved. However, your specific situation may require more or less.

Variable income: Freelancers and commission-based workers should aim for 6-12 months
Single income household: No backup if the earner loses their job
Dependents: Children or elderly parents increase financial obligations
Health concerns: Medical emergencies can be expensive
Homeownership: Home repairs can be costly and unexpected