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Calculators / Finance / Emergency fund target
Emergency fund target calculator
Set an emergency savings target based on your essential expenses.
On this page
Target fund15,000
Remaining to target10,000
Calculator controls
How to calculate
Set an emergency savings target based on your essential expenses.
Target fund = expenses*months; Remaining to target = (expenses*months-saved+abs(expenses*months-saved))/2
Worked example
Essential monthly expenses: 2500; Months of coverage: 6; Emergency savings available: 5000.
Target fund: 15,000 ; Remaining to target: 10,000 .
Assumptions and limits
No. The appropriate reserve depends on income stability, dependants, insurance and access to other resources. This tool lets you choose the coverage period.
Results are rounded for display; calculations use unrounded values. Read our calculation methodology.
Understanding the result
The target is essential monthly expenses multiplied by the coverage period you choose.
When this tool is useful
Set an emergency savings target based on your essential expenses.
Understanding your inputs
| Input | What to enter |
|---|---|
| Essential monthly expenses | Enter a number of at least 0 and no more than 1000000000000. |
| Months of coverage | Enter a number of at least 0 and no more than 120. |
| Emergency savings available | Enter a number of at least 0 and no more than 1000000000000. |
Frequently asked questions
Is six months required for everyone?
No. The appropriate reserve depends on income stability, dependants, insurance and access to other resources. This tool lets you choose the coverage period.