Emergency Fund Calculator
Determine how much you need in emergency savings based on your expenses and risk factorsInputs
Include only necessary expenses, not entertainment or dining out
3 months minimum, 6+ recommended for stability
Higher income variability = larger emergency fund needed
No insurance increases medical emergency risk
Enter values to see results
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What is this?
An emergency fund is a cash reserve for unexpected expenses like job loss, medical bills, car repairs, or home emergencies. Keep it in a high-yield savings account (HYSA) for easy access and 4-5% interest.How to use
Enter your essential monthly expenses (rent, utilities, food, insurance - NOT luxuries). The calculator adjusts for your risk factors: self-employed people and those with dependents need larger funds. Aim for 3-6 months minimum, 6-12+ for higher risk.Tips
- Keep emergency funds in a HYSA separate from checking - earn 4-5% APY while staying liquid
- Start with $1,000 minimum, then build to 3 months, then 6+ months
- Do NOT invest emergency funds in stocks - you need guaranteed access
- Replenish immediately after using funds for emergencies
- Self-employed should target 9-12 months due to income volatility
- Dual-income households can use lower end of range (3-4 months per earner)
Disclaimer: This calculator provides estimates for informational purposes only and does not constitute financial advice. Actual results may vary based on lender terms, market conditions, and individual circumstances. Consult a qualified financial advisor before making financial decisions. See our full disclaimer for details.