← Back to FinanceCalcCenter

Emergency Fund Calculator

Estimate your emergency fund goal (based on 3–12 months of expenses), how much you still need, and how long it could take to reach it with monthly savings. Optional APY helps model a savings account.

Educational estimates only. Real life varies with irregular expenses, taxes, fees, and interest changes.

How this emergency fund calculator works

Your emergency fund target is calculated as: monthly expenses × months of coverage.

  • Monthly expenses: include rent/mortgage, utilities, food, minimum debt payments, insurance
  • Months to cover: typically 3–12 months depending on stability and risk
  • Monthly saving: how much you can consistently set aside
  • APY: optional growth from a savings account (modeled monthly)

If you enter a target timeline (months), the calculator estimates how much you’d need to save per month to hit the goal within that period (using the same APY assumption).

Related tools & guides

Savings Goal Calculator Plan monthly saving to hit a target by a deadline. Compound Interest Calculator Project growth of savings with contributions and compounding. How to Build an Emergency Fund Step-by-step guide with simple examples. High-Yield Savings Account Learn how APY works and why it matters. Debt Payoff Calculator See how extra payments affect payoff time and interest. Savings vs Investing Prioritize emergency fund, debt, and investing in the right order.