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Emergency Fund Calculator
Work out a starting target for your emergency savings.
How this calculator works
Enter your monthly expenses. The calculator multiplies them by six, a common target for covering a job loss or large surprise bill.
Example
Monthly expenses of $3,500 give a six-month fund of $21,000.00.
Tips
- Build up gradually. One month of expenses is a good first goal.
- Keep the money in an easy-to-reach savings account.
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Results are estimates only. See our disclaimer.