Emergency Fund Calculator

Calculate your ideal emergency fund size and build a savings plan based on your expenses and income stability

Recommended Fund
$19K
6 months of expenses
Current Progress
27%
Months to Goal
26
3 yr 2 mo
Needed/mo (12-mo plan)
$1,092
to reach goal in 1 year
Monthly Expenses
$1,500
$500
$200
$300
$400
$200
Savings Details
$5,000
$500
4.5%
%
Expense Breakdown
Housing$1,500
Food$500
Utilities$200
Insurance$300
Transportation$400
Debt Payments$200
Total Monthly Expenses$3,100
Savings Growth Toward Goal
Savings Balance
Goal
Fund Progress
$5,000 saved$18,600 goal
27%
1.6 months covered6 months recommended
Recommendations

You need 26 more months of saving at $500/month to reach your $18,600 goal.

To reach your goal in 12 months, save $1,092/month. You still need $13,600 more to be fully funded.

Your income stability is set to moderate, which recommends 6 months of expenses. Adjust this if your job situation changes.