Calculator
Emergency fund calculator
Multiplies the essential monthly bills you enter by a number of months, and shows a starter amount separately. The two numbers are not the same goal.
Starter, separate from the month target
$1,000.00
3 months of the essentials you entered
$5,400.00
How this is calculated
Full target = essential monthly costs × months, both rounded to whole cents before multiplying. The starter amount is not subtracted and not added. Three and six months are common teaching ranges, not a legal standard. The Consumer Financial Protection Bureau says the amount depends on your own expenses.
A $1,000 starter is a popular milestone from debt-payoff curricula such as Dave Ramsey’s Baby Steps. It is included as an editable default, not as official guidance. The calculator does not decide which bills are essential — you do, by what you type.