Months of Expenses Calculator
Turn your monthly expenses into a target emergency fund size using the standard 3–12 month coverage rule.
Your emergency fund numbers stay on your device — nothing is uploadedTry: Monthly essential expenses=3000, Risk profile=stable-dual, Current emergency savings=1000, Monthly amount you can save=500, High-yield APY (optional, %)=0 → 3–6 months, $18,000.00, $1,000.00, $17,000.00, 34 months (2.8 yr)
How to use
The classic rule is to hold a certain number of months of expenses. This tool converts your monthly essential spending into a target fund size using the standard 3–12 month coverage guideline, then shows your funding gap.
FAQ
Is 3 months of expenses enough?
For a dual-income household with very stable jobs, 3 months can work. Most guides suggest 3–6 months; single-income and self-employed households need more.
Should the emergency fund be invested?
No. It must be liquid and safe. Keep it in cash or a high-yield savings account, not stocks, so it is there when you need it.
Does the calculator account for my actual bills?
Use your true essential monthly expenses — housing, food, insurance, minimum debt payments — not discretionary spending. The coverage months come from common personal-finance guidance.