=Personal FinanceTOOLKIT

Emergency Fund

Choose your own months of essential-expense coverage.

Your numbers

Enter your numbers to see the result.

How Emergency Fund works

Target fund = essential monthly expenses × months of coverage. Subtract current savings and divide the remaining target by your deadline for a monthly contribution estimate.

A worked example

These sample values illustrate the calculation. Use your own numbers in the calculator for your result.

Example inputs
Monthly essentials
2000
Months of coverage
6
Current emergency savings
1500
Deadline in months
24
Target emergency fund
$12,000.00
Still needed
$10,500.00
Monthly contribution to deadline
$437.50

Assumptions and limits

Rates, fees and contribution schedules are the assumptions you enter. This estimate does not include changes you have not entered.

Educational estimate only. This is not personalized financial, investment or tax advice.