Emergency Fund Calculator
Estimate how much emergency savings you may want based on monthly essential costs.
Use the emergency fund calculator
Estimate how much emergency savings you may want based on monthly essential costs.
Rent, food, utilities, transport and essentials
How many months of cover you want
Current emergency fund balance
Enter your values to see the result.
Emergency Fund Calculator formula
Emergency fund target = monthly essential expenses × target months
Use this tool for a fast estimate before checking a full spreadsheet, payslip, quote or planning document.
If essentials are £1,600 a month and you want 6 months of cover, the target is £9,600.
Compare scenarios quickly by changing one or two inputs at a time.
Frequently asked questions
Many people aim for 3 to 6 months, but the right number depends on your stability and risk.
Usually no. Start with core essential expenses.