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Calculate how much emergency savings you need. See your target based on essential monthly expenses.
An emergency fund is your financial safety net—cash set aside for unexpected expenses or income loss. Most experts recommend 3-6 months of essential expenses. Without one, emergencies become debt.
Rent or mortgage
Electric, gas, water, internet
Car payment, gas, transit
Health, auto, etc.
Childcare, medications
How much you can save/month
Target Amount
$24,000
Monthly Expenses
$4,000
Still Needed
$19,000
Progress
21%
Just Starting
Time to Goal
38 mo
$24,000
$19,000
21%
Just Starting
38 months
At $500/month
1.3
Months Covered
6
Month Target
$4,000
Monthly Need
Typical household with mortgage and car payment
Calculate monthly essentials
$1,800 + $200 + $600 + $400 + $300 + $500 + $200= $4,000/month
Calculate 6-month target
$4,000 × 6 months= $24,000
Result:
$24,000 emergency fund target
“Having 6 months saved let me leave a toxic job without panic. This calculator helped me set a realistic goal and timeline.”
— David K., Washington
Learn more about how we calculate and our editorial standards.