Emergency Fund Calculator
Calculate how much you need in your emergency fund. Get a personalized target based on your expenses, income stability, and life circumstances.
Why You Need an Emergency Fund
An emergency fund is your financial safety net for unexpected expenses or income loss. Without it, you might need to rely on credit cards, personal loans, or dipping into investments - all of which can set back your financial goals.
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Medical emergencies
🚗
Car breakdowns
💼
Job loss
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Home repairs
Your Emergency Fund Target
Monthly Expenses
$4,500
Recommended Months
6 months
Target Emergency Fund
$27,000
Fund Size Ranges
Minimum (3 months)
$13,500
Recommended
$27,000
Maximum (12 months)
$54,000
Monthly Expenses Breakdown
Building Your Emergency Fund
| Monthly Savings | Time to 3 Months | Time to 6 Months | Time to 12 Months |
|---|
Where to Keep Your Emergency Fund
✅ High-Interest Savings Account
- • Currently earning 5.0-5.5% p.a.
- • Instant access when needed
- • Government guaranteed up to $250k
- • Separate from everyday spending
❌ Avoid These Options
- • Term deposits (locked funds)
- • Shares/ETFs (volatile value)
- • Offset account (if you might access it)
- • Cash at home (no interest, theft risk)