Emergency Fund Calculator
Calculate how much emergency fund you need. Build a safety net for unexpected expenses like job loss, medical emergencies, or repairs.
Results
Target Emergency Fund
₹0
Additional Amount Needed
₹0
Months to Reach Goal
0
How to Use Emergency Fund Calculator
- 1
Enter your monthly expenses
- 2
Choose coverage period (3-12 months recommended)
- 3
Input current emergency savings
- 4
Specify monthly contribution towards fund
Emergency Fund Calculator Formula
Target Fund = Monthly Expenses × Months Coverage; Time to Goal = (Target - Current) / Monthly ContributionExample Calculation
Input Values
Monthly Expenses
₹50,000
Months of Coverage
6 months
Current Emergency Savings
₹1,00,000
Monthly Contribution
₹10,000
Results
Target Emergency Fund
₹3,00,000
Additional Amount Needed
₹2,00,000
Months to Reach Goal
20
Frequently Asked Questions
How much emergency fund do I need?
3-6 months of expenses is recommended. If income is unstable, aim for 6-12 months.
Where should I keep emergency fund?
Keep in liquid investments like savings account, liquid mutual funds, or short-term FDs for easy access.
Should emergency fund earn high returns?
Liquidity is more important than returns for emergency funds. Don't invest in volatile assets.