Emergency Fund Calculator
How many months of expenses you hold, and how long it takes to build the rest
Emergency Fund Target
₹2,40,000
- Months Covered Today
- 1.3
- Shortfall
- ₹1,90,000
- Time to Reach It
- 13 months
6 months × ₹40,000 of essential expenses.
Breakdown
- Essential monthly expenses
- ₹40,000
- Months to hold
- 6
- Target
- ₹2,40,000
- Already set aside
- ₹50,000
- Interest on the way
- ₹4,602
- Shortfall
- ₹1,90,000
Where the target stands
Already set aside₹50,000 · 20.8%
Still to save₹1,90,000 · 79.2%
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How this is calculated
Formula
target = E × N
- E
- = essential monthly expenses
- N
- = months of expenses to hold
- S
- = monthly amount added
- r
- = annual rate while parked, credited monthly
With your numbers
- 1TargetE × N₹40,000 × 6 = ₹2,40,000
- 2Shortfallmax(target − savings, 0)₹2,40,000 − ₹50,000 = ₹1,90,000
- 3Month by monthbalanceₘ = balanceₘ₋₁ × (1 + r ÷ 12) + SStarting at ₹50,000 and adding ₹15,000, the balance passes ₹2,40,000 in month 13.
Time to reach the target13 months
- 6 months is the figure the planner’s health check uses for a full fund, and 3 months for a good start. It is a rule of thumb, not a law: the right number depends on how secure your income is and who depends on it.
- Expenses are held flat. Over a long build, rising prices raise the target too.
Frequently Asked Questions
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