Free Emergency Fund Calculator

Find your emergency fund
number

Add your essential monthly expenses and current savings to estimate a 3-month target, 6-month target, recommended target, and monthly savings plan.

Emergency fund calculator

Use essential expenses only. This calculator is for general educational information and does not replace guidance from a qualified professional.

United States view: Amounts are shown in United States dollars. Compare liquid savings accounts, transfer speed, fees, and bank or credit union insurance coverage.
Step 1

Essential monthly expenses

Use bills you would still need to pay during an income interruption, including electricity, water, internet, and phone service.

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Step 2

Savings status

Add what you already have saved and what you can set aside each month.

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What to include

Use expenses you would still need to pay during an income interruption. The goal is to estimate your basic monthly runway, not your normal lifestyle spending.

  • Housing and utilities.
  • Groceries and basic household items.
  • Transportation and insurance.
  • Minimum debt payments and required bills.

How to choose 3 months or 6 months

A 3-month fund can be a useful first milestone for stable households. A 6-month fund may fit variable income, self-employment, single-income households, or anyone who wants more cushion.

The right number is personal. This calculator gives a practical range so you can choose a target with more clarity.

Read the emergency fund guide Use the money plan tool Compare debt payoff methods Browse money lessons

Frequently asked questions

A common beginner guideline is 3 to 6 months of essential expenses. The higher end may fit variable income, self-employment, single-income households, or people with less predictable expenses.
Usually no. Emergency savings should cover required costs first. Optional spending can be reduced during a real emergency, so it should not inflate the basic target.
Emergency savings should usually stay liquid, separate, and stable. In the United States, some people compare high-yield savings accounts. In Canada, some people compare high-interest savings accounts. Always compare fees, access, insurance coverage, and account rules.