Emergency Fund Calculator
Build your financial safety net with personalized targets and realistic timelines
Monthly Income
$
Essential Monthly Expenses
$
$
$
$
$
$
$
Emergency Fund Goals
$
8.3% of income
$
Monthly Expenses
$0
Essential costs to cover
Emergency Fund Target
$0
6 months of expenses
Time to Goal
Already achieved!
At $500/month
Current Progress
$1,000 / $0 (0.0%)
Monthly Expense Breakdown
Savings Milestones
Budget Analysis
Great! You have $6,000 left after essential expenses.
Savings Rate
You're saving 8.3% of income. Try to reach at least 10%.
💡 Emergency Fund Strategy Tips
Start Small, Build Steadily
Begin with $1,000, then work toward 3-6 months of expenses. Small wins build momentum!
Automate Your Savings
Set up automatic transfers on payday. Pay yourself first before other expenses.
High-Yield Storage
Keep emergency funds in high-yield savings accounts earning 4%+ while staying accessible.
Adjust for Your Risk
Commission workers, contractors, and single-income families need larger emergency funds.