Free financial calculator guide
Emergency Fund Calculator: How Much Should You Save?
Estimate an emergency savings target using essential expenses and your desired months of coverage.
Use the free Emergency Fund Calculator
Open the working calculator on the MoneyWise Tools homepage. It does not require a Premium subscription.
Open Emergency Fund Calculator →Why this calculation matters
An emergency fund is money reserved for unexpected expenses or a temporary loss of income. The right target depends on essential spending and how much cushion you want.
How to use the calculator
Start with your necessary monthly costs, then choose the number of months you want to cover.
What to keep in mind
A common planning range is three to six months of essential expenses, but individual needs vary with income stability and obligations.
The interactive calculator is on our main calculator page. Use the button above to jump directly to it; the guide here explains the inputs and how to interpret your estimate.
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Educational estimates only; not personalized financial, tax or investment advice. Read our disclaimer.