Emergency Fund Calculator
An emergency fund is money set aside to cover unexpected costs — job loss, medical bills, urgent repairs. This calculator shows how much you need and how far along you are.
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What is the Emergency Fund Calculator?
An emergency fund is a cash reserve kept separate from your investments, meant to cover essential expenses if your income stops or a large unexpected cost appears. Most advisors suggest 3–6 months of expenses, more if your income is irregular.
How to Calculate
Multiply your essential monthly expenses by the number of months of cover you want, then subtract what you've already saved: target = monthly expenses × months, gap = target − current savings.
Formula
Target = monthly expenses × months of cover
How to Use
- Enter the values in the fields above.
- The result updates instantly as you type.
- Use Copy, Print or Download PDF to save your result.
Frequently Asked Questions
How many months should I save?
3 months is a common minimum; 6u201312 months is safer if your income is variable or you support dependents.
Where should I keep it?
Somewhere safe and liquid u2014 a savings account, sweep-in FD, or liquid fund u2014 so you can access it quickly without market risk.
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