How Much Do I Need For Emergencies?

It is prudent planning to have at least three to six months of liquid/cash assets set aside in the event of a loss of job, medical emergency, short-term disability, etc. Use this calculator to help determine how much you need to set aside monthly or as a lump sum to create an emergency fund.

Assumptions
Current gross monthly income
Current emergency funds available
Number of months for fund to last
Before tax return on savings: (%)
Marginal tax bracket: (%)
Number of months to accumulate funds
Expenses
Total monthly living expenses, if plan to itemize below then leave at 0.
Or Itemize Monthly
Mortgage payment or rent
Vacation home (mortgage)
Automobile loan(s)
Personal loan(s)
Charge accounts
Federal income taxes
State income taxes
FICA (social security taxes)
Real estate taxes
Other taxes
Utilities
Household repairs and maintenance
Food
Clothing and laundry
Educational expenses
Child care
Automobile expenses (gas, repairs, etc.)
Other transportation expenses
Life insurance premiums
Homeowners (renters) insurance
Automobile insurance
Medical, dental and disability insurance
Entertainment and dining
Recreation and travel
Club dues
Hobbies
Gifts
Major home improvements and furnishings
Professional services
Charitable contributions
Other and miscellaneous expenses

This information may help you analyze your financial planning needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. This service shall not infer that company assumes any fiduciary duties. In addition, such service should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.