Emergency Fund Calculator

How much emergency fund do you need?

Most financial experts recommend saving 3 to 6 months of essential expenses. If your income is variable or you're self-employed, aim for 9 to 12 months.

What counts as essential expenses? Rent or mortgage, utilities, groceries, transportation, insurance premiums, and minimum debt payments. Don't include discretionary spending like dining out or subscriptions.

Where to keep it: A high-yield savings account gives you easy access while earning interest. Avoid investing your emergency fund in stocks — you need it liquid and stable.