Emergency Fund Target
Find the recommended emergency fund size based on monthly expenses and months of coverage.
This is general guidance; personal situations may vary.
Examples
- $2,000 expenses for 3 months ⇒ $6,000
- $2,500 expenses for 6 months ⇒ $15,000
- $1,800 expenses for 4 months ⇒ $7,200
FAQ
What is an emergency fund?
Savings set aside for unexpected expenses or loss of income.
How many months should I cover?
Many planners suggest 3 to 6 months of essential expenses.
Does this include investment returns?
No, it simply multiplies expenses by months.
Additional Information
No additional information available.