Calculyn

Emergency Fund Calculator

See how big your emergency fund should be and how long it will take to build.

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Results update as you type.

Emergency fund goal

$21,000

About 32 months to reach it

Still needed
$16,000
Months to goal
32
  • Saved24%
  • To go76%
Emergency fund goal$21,000

Results are estimates for planning and are not financial advice.

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Quick answer

With $3,500 in monthly expenses and 6 months of cover, the goal is $21,000. With $5,000 saved and $500 a month, you'd get there in 32 months.

How it works

Most guidance suggests 3 to 6 months of essential expenses, or more if your income is irregular.

Formula

Goal = monthly expenses × months · Months to goal = (goal − saved) ÷ monthly savings

Assumptions & limitations

  • Results are rounded for display.

Frequently asked questions

3 or 6 months?

Three months can work with a stable job and two incomes. Six or more is safer for single earners, freelancers or anyone with dependents.

Where should I keep it?

Somewhere safe that you can get to quickly, such as a high-yield savings account.