Emergency fund calculator

Build a plan you can count on

Find out what how much to save and how to build your safety net

Emergency fund calculator

Monthly essential expensesIncludes your housing, utilities, groceries, transport, insurance, medical, child, minimum debt payments.
Current emergency savings
Pay frequency
Target date (optional)

What is an emergency fund?

An emergency fund is money set aside to cover unexpected expenses or financial emergencies, such as medical bills, car repairs, or job loss. It acts as a financial safety net, helping you avoid debt when life throws you a curveball.

Calculate my emergency fund

How much should you save for emergencies?

The most important thing is to start. Aim to set aside a few hundred dollars as a starter emergency fund, then build toward three to six months’ worth of essential expenses. Even a small buffer can help you handle the unexpected expenses.

Starter cushion
An initial goal of $400 can help cover minor emergencies while you build toward a larger savings cushion
3 months
Three months of essential expenses is recommended for people with stable income and dual earners
6 months
Six months of expenses is better for self-employed individuals, single earners, or if you have a variable income

How to save for emergencies without having to think about it

Set & Save™ helps you save for emergencies. We learn your income and spending habits to automatically save money for you. Our members save over $1,800 per year on average. See more.

Connect your bank account and get going in minutes

Set your desired amount for your emergency fund along with any other goals

Start building your savings through automatic withdrawals from your account to the app

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Try Set & Save free for 30 days.
$3.99/month ($47.88 billed annually) or $5.99/month after trial. Cancel anytime.

Any questions?

Where should I keep my emergency fund?
Should I pay off debt or build my emergency fund first?
What counts as an "essential expense"?

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Let Set & Save do the work for you. Start for free with a 30 day trial.
$5.99/mo after. Cancel anytime.

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