Emergency Fund Target
Enter your monthly expenses and how much you already have saved.
Recommended emergency fund
$0
Months of coverage: 6
Already saved
$0
Still needed
$0
Months to reach goal
—
Progress
0%
Worked example
With the default inputs shown below, this calculator returns the following results:
| Input | Value |
|---|---|
| Monthly essential expenses ($) | $3,500 |
| Current emergency savings ($) | $5,000 |
| Monthly savings contribution ($) | $500 |
| Job stability | Medium — stable job, single income |
| Result | Value |
|---|---|
| Recommended emergency fund | $21,000 |
| Already saved | $5,000 |
| Still needed | $16,000 |
| Months to reach goal | 32 months |
| Progress | 23.8% |
Values shown are produced by this page in your browser; change any input to update them.
How to use the Emergency Fund Target
- Monthly essential expenses ($) — default $3,500
- Current emergency savings ($) — default $5,000
- Monthly savings contribution ($) — default $500
- Job stability — default Medium — stable job, single income
- Press Calculate to update the results instantly.