Emergency Fund Calculator
An emergency fund covers your essential costs if your income stops or a big expense comes up suddenly, such as a job loss or a hospital bill. Add the expenses you cannot skip and your EMIs, then choose how many months you want to cover.
Enter your numbers
How to use this calculator
- Add essential monthly costs: rent, groceries, bills, school fees.
- Add all your monthly EMIs.
- Choose 3, 6 or 9 months of cover.
Formula
Emergency fund = (Essential expenses + EMIs) × Months
Count only the costs you must pay even in a bad month. Leave out eating out, shopping and holidays.
Example
A family with ₹30,000 of essential expenses and ₹10,000 of EMIs needs ₹40,000 a month. Six months of cover means an emergency fund of ₹2,40,000.
Emergency Fund Calculator: common questions
How many months of expenses should I keep?
3 to 6 months is a common guideline. Keep 6 to 9 months if you are the only earner, work on contract or in a business with uneven income, or have dependants with health needs.
Where should I keep my emergency fund?
Somewhere safe and quick to withdraw: a savings account, a sweep-in fixed deposit or a liquid mutual fund. Avoid equity funds and long lock-in products for this money.
Should EMIs be included in my emergency fund?
Yes. Loan EMIs continue even if your income stops, and missing them hurts your credit score. Include every EMI in the calculation.
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