The boring account that makes every other financial plan survivable. How big should yours be, and when will it be full?
Rent/mortgage, food, utilities, insurance, minimum debt payments, transport — the survival number, not the lifestyle number.
3 months for dual incomes with stable jobs; 6+ for single income, variable income, or a tight job market.
High-yield savings or a money-market fund — it must stay liquid and boring.
This emergency fund calculator sizes your target safety net from your essential monthly expenses and the months of coverage you want, then estimates how long it will take to get there at your current savings pace.
A common guideline is three to six months of essential expenses, leaning higher if your income is variable or your job is less secure.
In a safe, liquid account such as a high-yield savings account, where it earns some interest but stays instantly accessible.
That depends on your target size and how much you set aside each month. The calculator estimates the number of months to fully funded.