METHOD
Formula and method
Target = essential expenses × chosen months. Interest is excluded.
Emergency fund: target reserve and the months until you reach it
Choose how many months of essential expenses your reserve should cover.
01
Your inputs
Starting values are an example. Replace them with your own.
Your inputs stay in your browser.
02
Your result
Enter your details and run the calculation.
About this result
Informational calculations. Check assumptions, dates and jurisdiction before making a decision.
Full disclaimerHow much money should an emergency fund hold?
The calculator multiplies essential monthly expenses by the number of months the reserve should cover, so for example 1,500 KM times 6 months gives a 9,000 KM target. It subtracts your current fund to show what is still missing and, with an extra monthly saving, the number of months to the target, rounded up. Interest is not included. You choose the number of months, so you can match the reserve to job security and family commitments.
TRACEABLE
Sources and validity
Basic arithmetic or geometry using the formula shown. Uses only your inputs.
How we maintain data