Emergency Fund Calculator
Use this free emergency fund calculator to find how much cash you should set aside for life's surprises — and see how close you already are.
Emergency Fund Calculator
An emergency fund is cash set aside for surprises — a job loss, medical bill or repair — so you never borrow in a crisis.
3 months is a solid start; 6 months is the classic goal; aim higher if your income is irregular (e.g. freelancing or business).
How it works
An emergency fund is money kept in easy-to-reach savings for the unexpected — a job loss, medical bill or urgent repair — so you never have to borrow at a bad time. The rule of thumb is 3 to 6 months of essential expenses (aim higher if your income is irregular). Build it before you invest aggressively. More in how to build an emergency fund and how to save on a low income.
Frequently asked questions
How big should my emergency fund be?
Most experts suggest 3-6 months of essential expenses. Use 3 as a starting goal and 6+ if your income is irregular, you support a family, or your job is less secure.
Where should I keep it?
In a safe, instantly-accessible account — not locked away or invested in stocks. The point is that it's there the moment you need it.
Emergency fund or invest first?
Build at least a small emergency fund first. Without one, a surprise expense can force you to sell investments at a bad time or take on debt.
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