Emergency Fund Calculator
Enter your monthly essential expenses to see how much you need saved -- and how long it will take to get there.
Monthly Essential Expenses
Enter what you must pay every month to survive. Don't include wants like dining out or subscriptions.
Electric, gas, water, internet, phone.
Car payment, gas, transit pass, insurance.
Health, renters/home, life insurance.
Credit cards, student loans, etc.
Childcare, medications, pet food, or anything else you can't skip.
Track your savings progress in Pocket Clear
See exactly how much you're saving each month. Pocket Clear tracks your income and expenses so you always know where you stand.
Frequently Asked Questions
How much should I have in an emergency fund?
Most financial experts recommend 3 to 6 months of essential living expenses. If you are self-employed, a freelancer, or have irregular income, aim for 9 to 12 months. Start with a $1,000 starter emergency fund, then build toward your full target.
Where should I keep my emergency fund?
Keep your emergency fund in a high-yield savings account (HYSA). These accounts offer 4-5% APY in 2026, are FDIC insured, and keep your money accessible within 1-2 business days. Avoid investing your emergency fund in stocks or locking it in CDs.
What counts as an emergency expense?
True emergencies include job loss, medical bills, urgent car or home repairs, and unexpected essential travel (like a family emergency). Sales, vacations, and planned purchases are not emergencies. A good test: Is this unexpected, urgent, and necessary?