Financial Tools
Emergency Fund Calculator
Work out the cushion that covers your essentials if income stops, and how long it takes to build it at your current pace.
Essential Monthly Expenses
Rent or Mortgage
Groceries
Utilities and Phone
Insurance and Healthcare
Transportation
Minimum Debt Payments
Other Essentials (childcare, medication, anything you cannot pause)
Your Plan
Months of Expenses to Cover
Already Saved
Monthly Contribution
Savings Account APY (%, optional)
Values shown are examples. Three to six months of essentials is the usual starting target, more if your income is irregular.
Your Emergency Fund
| Target Fund | $0 |
| Essential Expenses per Month | $0 |
| Months Covered by Target | n/a |
| Already Saved | $0 |
| Months Covered Today | n/a |
| Still Needed | $0 |
| Time to Reach Target | n/a |
| Fully Funded By | n/a |
For illustration only, not financial advice. Results are estimates based on the numbers you enter and do not constitute an offer, rate quote or approval.
An emergency fund still needs to earn something.
Live savings rates from banks and credit unions, dated at the source.
Questions people ask
How is the target fund calculated?
The page adds your essential monthly expenses, from housing to minimum debt payments and other essentials, and multiplies the total by the months of expenses you want to cover.
Which expenses should I include?
Only the ones you cannot pause if income stops, such as rent or mortgage, groceries, utilities, insurance, transportation, minimum debt payments and items like childcare or medication.
How does the page estimate the time to reach the target?
It starts from what you have already saved, adds your monthly contribution, and grows the balance at the APY you enter until it reaches the target. If the target cannot be reached that way, the page asks you to add a monthly contribution.
What does Months Covered Today mean?
It divides what you have already saved by your essential monthly expenses, so you can see how long your current savings would last.
