Emergency Fund Calculator
Calculate your emergency fund needs, savings targets, and financial safety net requirements. Plan your finances for optimal security, stability, and peace of mind during unexpected events.
Step 1: Financial Information
6 months
Standard Emergency Fund Guidelines
3-6 months for stable employment. 6-12 months for self-employed or contract work. Include housing, living costs, debt payments, and insurance in your calculations.
Step 2: Savings & Risk Assessment
Medium
1
Optimal Emergency Fund Planning
Keep emergency funds in liquid, accessible accounts. Consider separate funds for different risk categories. Adjust targets based on job stability, dependents, and health considerations.
Emergency Fund Analysis
Summary
Savings Progress
Fund Scenarios
Emergency Fund Target
£13,800
6 months for £2,300/month expenses
Current Coverage
1.5 months
Monthly Shortfall
£1,917
Savings Progress
25.4%
Months to Target
18 months
Savings Progress Visualization
Recommended Priority
High Priority
Risk Assessment
Medium Risk
Liquidity Status
Adequate
Financial Security
Developing
Emergency Fund Scenarios
| Scenario | Target Months | Required Fund | Monthly Savings Needed |
|---|
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