Find out exactly how much you should save for a rainy day based on your monthly expenses and desired months of coverage.
Emergency Fund Calculator
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How to Use This Calculator
Enter your monthly housing, utilities, food, and other expenses, plus the number of months you want to cover.
Frequently Asked Questions
How many months should I cover?
Experts typically recommend 3 to 6 months of living expenses.
Is the Emergency Fund Calculator based on gross or net income?
The Emergency Fund Calculator focuses on your actual monthly *expenses*, not your income, to determine your safety net.
Why does the Emergency Fund Calculator recommend 3-6 months?
Financial experts widely agree that 3-6 months provides enough runway to handle job loss or severe medical emergencies.
Should I include discretionary spending in the Emergency Fund Calculator?
It’s best to only include bare-minimum survival expenses (rent, food, utilities) in the Emergency Fund Calculator.
Where should I keep the money calculated by the Emergency Fund Calculator?
Keep your emergency fund in a High-Yield Savings Account (HYSA) so it earns interest while remaining easily accessible.