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 (%)help
Marginal tax bracket (%)help
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 ($) 
Other and miscellaneous expenses ($) 
The information provided here is to assist you in planning for your future. Any analysis is a result of the information you have provided. Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary therefore, the information should be relied upon when coordinated with individual professional advice.

Any rate of return entered into the interactive calculator to project future values should be a reasonable average return for the period. Rates of return will vary over time, and generally the higher the rate of return the higher the degree of risk.

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