About the Emergency Fund Calculator
An emergency fund covers essential costs if you lose income or face a sudden expense. Many planners suggest 6 months of expenses, or more if your income is uncertain.
Enter your monthly essential expenses, months of cover and current savings.
Formula used
Target = monthly essential expenses × months of cover. Shortfall = target − what you have.
Frequently asked questions
Where should I keep the money?
In safe, easy-to-access options such as a savings account, liquid fund or short FD.
How many months do I need?
Six is a common guide. Use 9 to 12 if your income is irregular or you have dependents.
What counts as an emergency?
Job loss, medical costs and urgent repairs. Planned expenses and holidays do not.