Emergency Fund Calculator: How Much Will Protect You?
Financial experts suggest saving three to six months' worth of expenses.
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An emergency fund cushions against surprise financial setbacks. Our emergency fund calculator can help you pinpoint your end savings goal.
» Jump ahead to some of NerdWallet's favorite accounts for storing your emergency fund
How much to save in your emergency fund
Sudden car repairs, medical emergencies or job loss can all lead to unexpected debt if you're not prepared. How much should you save to safeguard your finances? It's difficult to predict how much these or other emergencies could cost — but personal finance experts say three to six months' worth of expenses is a good goal. If that seems too steep, saving even $500 will help you avoid going into debt to finance a small car repair or medical bill.
(If you need more info, here's our emergency fund explainer. And for inspiration, learn more about how to save money.)
Where to stash your emergency fund
Once you have a target, find a savings account with a competitive interest rate where you can store your cash. (Some of NerdWallet's favorite online savings accounts are here.)
check out the top rates on some of nerdwallet's favorite savings accounts
 Marcus by Goldman Sachs Online Savings Account |  Synchrony Bank High Yield Savings Account |  Discover Bank Online Savings |
|---|---|---|
| Read review | Read review | Read review |
APY0.60% With $0 minimum balance | APY0.75% With $0 minimum balance | APY0.60% With $0 minimum balance |
BonusN/A | BonusN/A | BonusN/A |
