Emergency Fund Calculator
Choose how many months of essential expenses you want to cover. See your target, the gap, and how long your savings pace could take.
Include housing, groceries, utilities, essential transport, insurance, and minimum debt payments. Choose 1 to 24 months.
Your inputs stay on this page and are not saved.
3 months of essential expenses
- Still to save
- $5,000.00
- Current coverage
- 0.5 months
- Time to target
- 20 months
Assumes one contribution each month, unchanged expenses, no withdrawals, and no interest.
Print a savings trackerHow the calculation works
Target = monthly essentials × months of coverage. Gap = target minus emergency savings, with a minimum of zero. Time to target = gap ÷ monthly contribution, rounded up to a whole month.
The default of 3 months is an example you can change, not a personal recommendation. Choose a cushion that fits your income stability, household, and likely unexpected costs. Assumes constant expenses and contributions, with no interest or withdrawals.
Reference: CFPB: Building an emergency fund