Emergency Fund Calculator
Calculate the emergency fund size that fits your situation.
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Inputs
$
$
$
Target emergency fund
$27,000.00
6 months of expenses
Funding gap
$25,000.00
Months to fund
50 mo
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How it works
Target = months of coverage × monthly expenses. Months to fund = remaining gap ÷ monthly contribution.
Frequently asked questions
Where should I park savings?
Short-term goals: high-yield savings or short CDs. Long-term: a diversified portfolio.
How big should my emergency fund be?
Most planners suggest 3–6 months of essential expenses, more if income is variable.
What's APY?
Annual Percentage Yield — the rate including compounding. Always compare APYs, not APRs.
Are bank accounts safe?
FDIC-insured accounts are protected up to $250,000 per depositor per bank per ownership category.
Should I lock money in a CD?
Only if you don't need it during the term — early withdrawals carry penalties.
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