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Emergency Fund Calculator

Determine the ideal emergency fund size based on your monthly expenses and risk profile.

Emergency Fund Calculator — Determine the ideal emergency fund size based on your monthly expenses and risk profile. Use FinWiz24's free emergency fund calculator for accurate results.

Formula

Fund = Monthly Expenses × Months Coverage

Monthly Expenses, Months to Cover

Results

Enter values above to see results

Formula

Fund = Monthly Expenses × Months Coverage

Emergency fund recommendation is 3-6 months of monthly expenses. This fund should be in liquid form like savings account or FD. It covers job loss, medical emergencies, or unexpected expenses without disrupting investments.

Example

Monthly expenses of ₹75,000 with 6-month emergency fund coverage

Input Values

Monthly Expenses (₹)₹75,000.00
Months to Cover₹6.00

Calculation

Applying the formula with the input values above:

Results

Emergency Fund Required

₹4,50,000.00

How to Use This Calculator
  1. 1Enter your total monthly household expenses (rent, groceries, utilities, EMIs).
  2. 2Decide how many months of coverage you want (3 months minimum, 6 recommended).
  3. 3Keep this fund in a separate savings account or short-term FD for easy access.
  4. 4Replenish the emergency fund immediately if you use it.
  5. 5Self-employed individuals should maintain 6-9 months of expenses as buffer.