Savings Calculators
Emergency Fund Calculator
Size an emergency fund against your essential monthly costs and see how long it takes to build.
Emergency fund target
$19,200
- Still to save
- $14,200
- Months to reach the target
- 29 months
- Cover you have now
- 2 months
SavedTarget
How this calculator works
Target = essential monthly expenses × months of cover
- essential expenses
- housing, food, utilities, transport and minimum debt payments
Important considerations
- Keep the fund somewhere accessible, not locked away or invested.
- Variable or self-employed income argues for more months of cover.
Related calculators
- Savings Goal CalculatorMonthly saving needed to hit a target.
- Budget CalculatorNeeds, wants and savings from your take-home pay.
- Savings Rate CalculatorYour true savings rate and what it buys.
- Disability Insurance CalculatorIncome protection benefit you would need.
- Certificate of Deposit CalculatorMaturity value of a fixed-term deposit.
- Money Market CalculatorHigh-yield savings balance over time.
Learn more
Terms used here
Frequently asked questions
Three months or six?
Three is a reasonable floor for stable employment; six or more suits variable income or a single-earner household.
Disclaimer
Legamoney calculators are educational tools. Results are estimates based on the figures you enter and do not constitute financial, tax or legal advice.
Last reviewed 2026-08-01