Emergency Fund Calculator
Build financial security with our emergency fund calculator. Determine how much you should set aside based on your monthly expenses to create a safety net that gives you peace of mind during unexpected situations.
Build Your Emergency Fund
Break down your expenses to get a more accurate emergency fund goal.
Your Progress
Your Progress
Monthly Expenses Breakdown
| Category | Amount | % of Total |
|---|---|---|
| Total | $0 | 100% |
Emergency Fund Tips
- Start small: Even $500-$1,000 can cover many minor emergencies.
- Keep it accessible: Use a high-yield savings account for quick access while earning interest.
- Automate savings: Set up automatic transfers to build your fund consistently.
- Adjust for your situation: Self-employed or variable income earners may need larger emergency funds.
- Review regularly: Update your emergency fund target as your expenses change.
The Emergency Fund calculator uses a formula of monthly expenses, and the desired expense coverage to determine an estimated target emergency fund amount, while also calculating the progress over time to reach the target.
Facet is an SEC registered investment adviser. This calculator is for information purposes only and is not intended to provide investment, legal, tax or accounting advice. The accuracy of this projection is not guaranteed nor is it necessarily applicable to your circumstances and should be seen as an estimate only. All calculations are for information and illustrative purposes, and based on the user’s inputs at a point in time, and do not account for any other specific situations. This is not an offer to sell securities or the solicitation of an offer to purchase securities. All investments carry a degree of risk and past performance is not a guarantee of future results.