Emergency Fund Calculator
See how many months of essential expenses your current savings would cover, and the gap to your target.
The commonly cited 3-6 month range is a general guideline, not a rule that fits every household — job stability and number of income earners matter.
$
$
Months currently covered
1.9
Target amount
$19,200
Shortfall
$13,200
Progress toward target31%
How it works: target amount = essential monthly expenses × target months. Months covered = current savings ÷ essential monthly expenses.
Limitations: “essential” expenses (housing, food, utilities, minimum debt payments) are typically lower than total spending — use your bare-bones budget, not your full monthly spending, for the most useful number here.
Sources & further reading