---
title: "Emergency Fund Calculator: How Much to Save | MCC Solutions"
description: "Enter your must-pay monthly costs and the number of months you want covered to see your emergency fund target and how long it takes to reach it."
url: "https://mcc-solutionsnj.com/tools/emergency-fund-calculator"
---

Free tool

# Emergency fund calculator

## Overview

Turn your must-pay monthly costs into a savings target and a timeline.

Want this tracked every month? Wrenfold keeps your budget on your own device. [See Wrenfold](/personal-finance)

Rent or mortgage ($ per month)

Utilities, phone and internet ($ per month)

Groceries ($ per month)

Transportation ($ per month)

Insurance ($ per month)

Minimum debt payments ($ per month)

Other must-pay costs ($ per month)

Months of costs to cover

Already saved for emergencies ($)

You can add per month ($, optional)

Excel workbook · $14

### Net Worth and Savings Goals Tracker

Record your balances once a month and watch your net worth, your goals and your debts change over the year.

[See what is inside ($14)](/toolkits/net-worth-savings-goals-tracker)14-day full refund

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## Put this tool on your own site

Free to use. Paste this where you want it to appear. It runs in the visitor's browser, so nothing they enter is sent to us.

[See every calculator you can embed](/embed)

How it works

## How it works

Add the costs you would still have to pay if your income stopped: housing, utilities, groceries, transportation, insurance, minimum debt payments and anything else you cannot skip. Multiply by the number of months you want covered. Subtract what you have saved to see what is left, then divide by what you can add each month for the time it takes.

FAQ

## About this calculator

**How many months should I cover?**

There is no single answer. People with steady pay often choose fewer months than people with irregular income. Pick a number you can reach and revisit it.

**What counts as a must-pay cost?**

Costs you would still owe if income stopped. Leave out dining out, subscriptions you could cancel and savings contributions.

**Where should the money be kept?**

Somewhere you can reach quickly that does not move up and down in value, such as a savings account. Ask your bank about what is insured.

**Is anything saved?**

No. The math runs in your browser and nothing you enter is sent to us.

**Is this tax or financial advice?**

No. It is a calculator for general information. Check the numbers against your own records, and ask an accountant before you act on them.

Related: [how big should your emergency fund be](/tools/guides/how-big-should-your-emergency-fund-be), [savings goal calculator](/bookkeeping/savings-goal-calculator), [household budget bill calendar](/toolkits/household-budget-bill-calendar). See [all free tools](/free-tools). More free tools: [Payroll time rounding calculator](/tools/payroll-time-rounding-calculator), [Cooking measurement converter](/tools/cooking-measurement-converter), [GPA calculator](/tools/gpa-calculator), or [see all free tools](/free-tools).

General information, not tax or legal advice. [How we write and check our tools](/editorial-standards).

Keep this calculator on your phone: [Add MCC Money to your phone](/tools/mcc-money-app). It's free, works offline and holds 62 calculators.

Excel workbook

### Net Worth and Savings Goals Tracker

Record your balances once a month and watch your net worth, your goals and your debts change over the year.

[See what is inside ($14)](/toolkits/net-worth-savings-goals-tracker)

Also in the [Household Money Bundle](/toolkits/household-money-bundle): 3 products for $39 instead of $47 separately.

Wrenfold

### Keep this going in a budget you own

Wrenfold keeps accounts, budgets, bills and goals on your own computer or iPhone, with budgets that roll over each month. Bring in a bank CSV or your You Need A Budget file, or keep balances current through SimpleFIN Bridge, a separate service you sign up for. $79 once, with an optional $5 a month for updates; the app keeps working if you stop. The free trial records up to 60 entries.

[See Wrenfold](/personal-finance) [Compare the three apps](/software)

## Need help with your business?

[Contact us](/contact)[Call (908) 444-6373](tel:+19084446373)