Emergency fund

Emergency Fund Calculator

Add up your essential monthly costs to find the right emergency fund target for your situation and how long it will take to build.

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Your emergency fund target

$18,900

Still to save

$16,900

Time to reach it

4 yr 9 mo

Your essential costs are $3,150 a month. You currently have about 0.6 months covered.

3–6 months of essential expenses is a widely used guideline, not a rule. Keep the fund somewhere safe and easy to reach, such as a government-insured savings account, not invested in shares.