Find your target emergency fund size and how long it will take to reach it at your current savings rate.
Target fund size is simply monthly essential expenses multiplied by the number of months of coverage you choose. If you already have some savings set aside, the remaining gap is divided by your monthly contribution to estimate how many more months it will take, rounded up since a partial month still requires a full contribution to close the gap.
| Usually essential | Usually cuttable in a real emergency |
|---|---|
| Rent or mortgage | Dining out and takeout |
| Utilities and phone | Streaming subscriptions |
| Groceries | Vacations and travel |
| Insurance premiums | Impulse or luxury purchases |
| Minimum debt payments | Gym memberships |
| Transportation to work | New gadgets or clothing |
This tool assumes your essential expenses and contribution stay constant, and it does not account for interest earned while you save, taxes, or irregular income. Treat the result as a planning estimate, and revisit it whenever your expenses or income change meaningfully.
This calculator is for informational purposes only and is not financial advice. Your own risk tolerance, job stability, and household situation should guide your actual target.