Note: This interactive calculator is intended as an educational tool, not investment advice. The information presented is not intended to advise you of strategies applicable to your specific situation but rather to highlight issues for your own consideration. Therefore, you should always consult your financial or tax advisor. Your own goals will help you develop a specific financial strategy.
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Based on the assumptions you entered, you can fund your desired emergency fund by adding a single lump sum of %LUMP_SUM% or by saving %MONTHLY_SAVINGS% per month for %MONTHS% months.
You already have enough money saved.
%MONTHLY_EXPENSES% x %MONTHS% months
%EMERGENCY_TOTAL% - %SAVED% (already saved)
%EMERGENCY_NEEDED% / %SURPLUS%
Enter a valid value for the current emergency funds available
Enter a valid value for the number of months you want the emergency funds to last
Enter a valid value for the number of months over which you want to accumulate your emergency fund
Enter either your total or itemized monthly living expenses