Free tool
Emergency fund calculator
Enter your essential monthly expenses, how many months you want covered, and what you can save each month. You'll see your target, your first milestone and roughly how long each will take. Nothing is stored.
Your target
$16,800
- Still to save
- $16,300
- Time to target
- 6 yr 10 mo
- First milestone: one month
- $2,800
- Time to milestone
- 1 yr
Ignores interest, which helps a little. Raise your monthly amount when your income goes up, and add windfalls to get there sooner.
How many months?
- 1 month or $500 to $1,000: a starter fund, especially while paying off high-interest debt.
- 3 months: two stable incomes, few dependents.
- 6 months: one income, dependents, or a home or older car to look after.
- 9 to 12 months: self-employed, commission or seasonal income.