Safety Net
Emergency Fund Planner
Pro Advice
Include only essential costs: Housing, food, utilities, and insurance. Skip dining out or subscriptions for this calculation.
Enter your expenses to calculate your safety net goal
Why Do You Need an Emergency Fund?
An Emergency Fund Calculator helps you determine exactly how much money you should set aside to cover unexpected life events, such as job loss, medical emergencies, or major home repairs.
Financial experts generally recommend saving 3 to 6 months of essential living expenses. This fund acts as a buffer, ensuring you don’t have to rely on high-interest credit cards or loans when things go wrong.
How much should you save?
- 3 Months: Ideal for individuals with stable jobs and low debt.
- 6 Months: Recommended for families, homeowners, or those with variable income.
- 9-12 Months: Best for freelancers or those in highly specialized industries.
Tip: Keep your emergency fund in a High-Yield Savings Account (HYSA) so it stays liquid but still earns some interest.
Quick Guide
- 1. Enter your base values in the fields above.
- 2. Adjust interest rates or terms to see live changes.
- 3. Review the charts to visualize your growth.
Results are estimates based on standard financial algorithms.
Common Questions
Everything you need to know about this calculator and the math behind it.
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