Free tool
Emergency fund calculator
Add up what you'd need to cover the essentials each month, choose how many months to cover, and see your target and how long it will take. Nothing is stored.
Your target
$9,450
- Essentials per month
- $3,150
- Still to save
- $9,450
- Months to reach it
- 48
- Starter fund first
- $1,000
Three to six months of essentials is a common guideline; consider more if your income is irregular or others depend on it. A rough estimate, not advice.
If the number looks impossible
Start with a starter fund of $500 to $1,000. It covers many common surprises, and it's a milestone you can reach in weeks. Then keep the automatic transfer going.
More: How much should your emergency fund be? and Build a starter emergency fund fast.