Work out emergency fund size instantly with clear inputs, formula shown and shareable results.
An emergency fund is sized on essential outgoings, not total spending, held in instantly accessible form. Three to six months suits stable salaried income; variable income or a single earner household argues for more.
Fund target
Target = essential monthly expenses × months of cover
Figures are estimates for planning only. Market returns are not guaranteed, and rates, limits and tax rules change. This is not financial or tax advice — speak to a qualified adviser before acting.
In a savings account or liquid fund. Returns are secondary — the point is same-day access without a capital loss.
Yes. Contractual payments must continue during a job gap, so include them in the monthly figure.