Find out how large your emergency fund should be based on your monthly expenses, and how long it'll take to build it.
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6 months
Target emergency fund
$18,000.00
Still need to save
$16,000.00
~54 months at your current pace
How the Emergency Fund Calculator works
Enter your essential monthly expenses and how many months of coverage you want, and the calculator finds your target fund size. Add what you've already saved and your monthly contribution to see how much further you have to go.
Frequently asked questions
How many months of expenses should I save?
3 months is a common minimum, 6 months is a widely recommended target, and those with variable income or less job security may want closer to 9–12 months.
Should I use my total expenses or just essentials?
Use essential expenses only — rent or mortgage, utilities, groceries, insurance, and minimum debt payments — since an emergency fund is meant to cover necessities, not discretionary spending.
Where should I keep my emergency fund?
Most experts recommend a high-yield savings account — accessible without penalty, but separate enough from checking that it isn't easily spent.