Emergency Fund Calculator
Find out how much you need in your emergency fund based on your expenses and personal situation.
Monthly Essential Expenses
$
$
$
$
$
$
Minimum monthly debt payments
Employment Type
0
05
$
Recommended Fund Size
$13,500
3-6 months of expenses ($2,700/mo)
Current Progress
37.0%
$5,000 saved
Amount Still Needed
$8,500
Save $709/mo to reach goal in 12 months
Current Savings vs Target
Frequently Asked Questions
How many months of expenses should I save?
Most financial experts recommend 3-6 months of essential expenses. If you're self-employed, have dependents, or work in an unstable industry, aim for 6-12 months.
Where should I keep my emergency fund?
Keep your emergency fund in a high-yield savings account that's easily accessible but separate from your daily spending. Avoid investing it in stocks or locking it in long-term deposits.
What counts as an emergency?
True emergencies include job loss, medical emergencies, urgent car or home repairs, and unexpected necessary travel. Planned expenses, holidays, and impulse purchases are not emergencies.
Track your emergency fund progress with Wealthi
Related Calculators
Savings Goal
Find out how much you need to save each month to reach your financial goal by your target date.
Budget
Apply the 50/30/20 budgeting rule to your income. See how much to spend on needs, wants, and savings.
Net Worth
Calculate your total net worth by adding up all your assets and subtracting your liabilities.