Emergency fund calculator: how much should you keep aside?
An emergency fund is money you can reach quickly if your income stops or a large unexpected bill arrives. Enter your monthly expenses and how many months of cover you want, and this calculator shows the target amount and how long it would take to build at a given monthly saving.
A common rule of thumb is three to six months of expenses, with more for people whose income is irregular or who support dependents. The money should sit somewhere safe and easy to withdraw, such as a savings account or a liquid deposit, rather than in an investment that can fall just when you need it.
Frequently asked questions
Where should I keep an emergency fund?
In a place you can reach within a day without losing principal, such as a savings account or short deposit. Safety and access matter more than the rate.
Should I include loan EMIs in my monthly expenses?
Yes. Your fund must cover the payments you cannot stop, such as EMIs, rent and insurance premiums, as well as daily costs.
Should I build this before investing?
Most planners suggest building at least a starter cushion first, so an emergency does not force you to sell investments at a bad time.
Related: High-interest savings accounts · Compare savings accounts · FD laddering
Guides · How we rank · About · FAQ · Contact · Editorial policy · Disclaimer · Privacy · Terms
Truely Money is an independent sole proprietorship registered under Udyam (MSME), Udyam Registration No. UDYAM-MP-16-0077048. Questions, corrections or feedback: support@truelymoney.com.