Add up the bills you would still have to pay if your income stopped, pick how many months you want covered, and see your target, your gap and how long it would take to close it at your current saving pace.
Your emergency fund target
$0
- Essential costs per month
- Still to save
- Months to reach target
- Months already covered
Estimate only, not tax or financial advice. The right size depends on your job security, household and insurance. This just does the arithmetic on the numbers you enter.
How this works
Target = essential monthly costs × months to cover. The CFPB suggests building savings step by step from what you can set aside regularly; it does not set one required number of months, so the months figure here is your choice.
Sources
Figures checked against the sources above on October 24, 2026. By Fintrovert.