Inputs
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Fund target
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Enter values to calculate.
Still needed
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Months to goal
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Formulas: target = monthly expenses x months of cover. Months to goal = gap / monthly saving.
Enter monthly expenses and pick a coverage target to get your emergency fund goal and a savings plan.
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Enter values to calculate.
Advisors suggest 3 to 6 months of essential expenses: 3 for stable dual incomes, 6 for freelancers or single earners, more for volatile industries. Count rent, food, transport, insurance and minimum debt payments, not luxuries.
The fund must be liquid and separate: a high-yield savings account, not stocks or crypto. Its job is to be there during a job loss or emergency, not to grow.