Emergency Fund Calculator
Find out exactly how much emergency savings you need.
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Result
Emergency fund target
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Monthly essentials—
3-month minimum—
6-month recommended—
12-month maximum—
Financial experts recommend 3–6 months of essential expenses in an easily accessible account. If you are self-employed, have variable income, or work in a volatile industry, aim for 9–12 months. Keep your emergency fund in a high-yield savings account, not invested.
Frequently asked questions
How much emergency fund do I need?
Most financial advisors recommend 3–6 months of essential living expenses. Self-employed people should target 6–12 months.
Where should I keep my emergency fund?
In a high-yield savings account or money market account — liquid, safe, and earning some interest but not at risk in the market.