Emergency Fund Calculator
How much cash you should keep for emergencies.
Recommended fund
$21,000
6 months of essential expenses
Gap to target
$16,000
Months covered
1.4
Progress
24%
Three months works for dual income with no dependents. Six is the common rule for single earners. Nine is safer for freelance income or households with two or more dependents.
About
Most advice says three to six months of expenses. The right number depends on your job stability and dependents. This calculator looks at your essential monthly spending and your situation, then tells you how much cash to park.
How to use
- Enter your monthly essential expenses (rent, food, utilities, insurance).
- Pick your job stability and number of dependents.
- See the recommended fund size and how far your current savings get you.
FAQ
Should I include discretionary spending?+
No. The fund covers essentials only. In an emergency you'd cut subscriptions and dining out.
Where should I keep it?+
A high-yield savings account. You want it accessible in a day or two, not locked in stocks or CDs.