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How big should your emergency fund be?
An emergency fund is the money that keeps you going for a few months if you lose your job or fall ill. Enter your essential monthly costs and how many months you want to cover.
Target
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Time to reach it
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- Still needed
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- What you have now covers
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Calculation: KhanFT. The usual rule of thumb is 3 to 6 months of essential costs; more if your income is irregular or you are the only earner. Interest on the savings is not included. An educational calculation, not financial advice.
Understand the idea: Emergency fund: how much you need →