Emergency Fund Calculator

How big should your rainy-day cushion be?

Currency

Monthly essential expenses (rent, food, EMIs, utilities, school fees)

Dependents relying on this income

Employment type

Existing liquid savings (savings a/c, FD you can break, money-market)

Monthly amount you can add to the fund (for timeline)

Target coverage

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Recommended emergency fund

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Current coverage (months)

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Gap to target

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Months to fully fund

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Funded so far

Progress to target0%

Why this amount

A solid emergency fund covers 3–6 months of essential expenses for salaried workers and 6–9 months for freelancers and contractors. Dependents push the safe number up.

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Ground rules for a real emergency fund

Liquidity beats returns. This money belongs in a savings account, sweep-in FD or money-market fund — not in stocks, crypto or locked FDs.
Essentials only. Count rent, groceries, EMIs, insurance premiums, utilities and school fees — not dining out or holidays. A crisis budget is leaner than your normal one.
Use it only for true emergencies: job loss, medical events, urgent home or vehicle repair. A sale on flights is not an emergency.
Refill after every dip. If you draw it down, pause discretionary investing for a month or two and rebuild the buffer first.

Advisor rule of thumb: salaried with a dual income — 3–6 months. Single earner or some dependents — 6 months. Freelancers, contractors, commission-heavy roles — 6–9 months. Single earner with 3+ dependents — 9–12 months.