Emergency Fund Calculator
See how many months of expenses your savings would cover, how you compare to the 3–6 month rule, and exactly how much more to save to hit your target.
Your Numbers
Current coverage
2.9
months
48% of your 6-month target
Target fund (6 months)
$21,000
Still to save
$11,000
Save $917/mo to get there in a year, or $458/mo over two years.
You're thin on cushion. Aim for at least 3 months of expenses to cover a job loss or big surprise.
A guideline, not advice. Freelancers and single-income households often aim for the higher end (6–12 months).
Related guides
Methodology
How this calculator works
Built by Andrés Soler · Updated
Formula
- Months covered = emergency savings ÷ essential monthly expenses
- Target = monthly expenses × chosen months (3, 6, 9 or 12) · Gap = target − current savings
Assumptions & limits
- 3–6 months is the common guideline; 9–12 months suits single-income households, freelancers or unstable jobs.
- Only count money you can access within a few days (savings accounts, money-market funds).
Educational estimates, not financial advice. Check important decisions with your lender or a licensed advisor.
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