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Emergency Fund Calculator
Calculate a reserve for your chosen number of months and the gap between the target and your existing savings.
- Target reserve
- 6,000
- Funding gap
- 4,000
- Months currently covered
- 1.33
How the calculation works
Target reserve = essential monthly expenses × months. Funding gap = the larger of zero or target reserve minus existing savings.
Inputs
- Essential monthly expenses
- Months to cover
- Existing savings
Calculation details
Include expenses that would continue if income stopped, such as housing, food, and required payments. Choose the number of months for your situation.
At monthly expenses of 1,500 and a four-month target, the reserve is 6,000. If you have saved 2,000, the remaining gap is 4,000.
Updated: 2026-10-02