Calculate exactly how much emergency fund you need based on your monthly expenses, job stability, number of dependants and risk factors. Find your personalised target and savings plan.
🆘 Emergency Fund Calculator
🎯 Your Risk Profile
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Low Risk
3 months
Stable job, dual income, no dependants
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Medium Risk
6 months
Typical salaried, 1–2 dependants
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High Risk
9–12 months
Self-employed, variable income, 3+ dependants
💸 Monthly Essential Expenses
📊 Risk Factors
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Your Personalised Emergency Fund Target
📊 Emergency Fund Progress
💸 Monthly Expense Breakdown
📈 Your Emergency Fund Savings Plan
Run the calculator first to see your personalised plan.
Run the calculator first.
🏦 Best Places to Keep Your Emergency Fund
⚠️ Never invest your emergency fund in stocks, mutual funds, or crypto. These can drop 30-50% exactly when you need them most (market crashes often coincide with recessions/layoffs). Keep it safe and liquid.
📐 How Emergency Fund Size Is Calculated
Base Formula
Base Emergency Fund = Monthly Essential Expenses
× Months Coverage
Standard rules:
Minimum (low risk): 3 months of expenses
Standard (medium): 6 months of expenses
Extended (high risk): 9–12 months of expenses
Essential expenses ONLY — not total spending:
Include: Rent, food, insurance, minimum debt payments,
utilities, healthcare, transportation
Exclude: Entertainment, dining out, vacations,
clothing (beyond necessity), subscriptions
Risk-Adjusted Formula (this calculator)
Risk Multiplier = Base Months
× Job Stability Factor
× Industry Factor
× Dependant Factor
× Dual Income Factor
Risk Multiplier Examples:
Gov employee, no dependants, dual income: 3 mo
Corporate, 1 dependant, single income: 6 mo
Freelancer, 3 dependants, single income: 12 mo
This gives a personalised target vs the generic
"3-6 months" rule that ignores your specific situation.
Why Emergency Fund Before Investing?
Without emergency fund → forced to:
1. Use credit cards (20-28% APR debt)
2. Sell investments at a loss
3. Borrow from family/friends
4. Take out personal loans
5. Dip into retirement savings
With emergency fund:
1. Handle job loss (3-6 months runway)
2. Cover unexpected medical bills
3. Repair/replace car or appliances
4. Pay for emergency travel
5. Cover income gaps as freelancer/business
Priority: Emergency fund BEFORE investing (except 401k match)
❓ Frequently Asked Questions
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AI Emergency Fund Advisor — Coming Soon!
AI-powered emergency fund optimisation, personalised risk assessment and the best HYSA rates in your area.