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Emergency Fund Calculator

An emergency fund helps to protect your finances when the unexpected happens - especially the loss of a job. Most experts recommend an emergency fund of between three and nine month's expenses for a worst-case scenario. But what's right for you?

It can be hard to imagine now what your spending will be as an adult. But the answer depends on your spending, how much you could cut spending, and how long it may take to find a comparable job. This calculator can help you capture some of these variables and provide a savings goal to consider.

Some savings is always better than none. Even a small emergency fund may prevent credit card debt for an unexpected expense.

Each month, I spend:   $

If needed, I could reduce monthly spending by:

I can likely find a new job in:

Not sure how much you spend per month? Your checking account statement likely shows all spending, including bills and debt payments.