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CalcTortoise

Emergency Fund Calculator

Job loss, illness or a sudden repair — an emergency fund keeps you away from credit cards and loans. See how much you need and how soon you can build it.

Written by the CalcTortoise editorial team · How we work

Rent or home loan EMI, food, bills, school fees, insurance, other EMIs.

Only one earning member at home?

Is your job or business income steady?

Anyone depends on you (children, parents)?

months

Suggested for you: 5 months.

Emergency fund you need

₹2,70,000

You have 1.7 months covered and need ₹1.9 lakh more. Saving ₹15,000 a month, you get there in 1 year. Keep it in a savings account, sweep-in FD or liquid fund that you can withdraw from in a day or two.

Saved so far
₹80,000
Still to save
₹1,90,000₹1.9 lakh
Time to get there
1 year
Months covered today
1.7

Illustration only, not investment, tax or legal advice.

Saved vs still to save
Total₹2.7 lakh
  • Saved₹80,000 (29.6%)
  • Still to save₹1,90,000 (70.4%)

Month by month

MonthSavingsStill to save
Month 1₹95,433₹1,74,567
Month 2₹1,10,950₹1,59,050
Month 3₹1,26,551₹1,43,449
Month 4₹1,42,237₹1,27,763
Month 5₹1,58,007₹1,11,993
Month 6₹1,73,863₹96,137
Month 7₹1,89,805₹80,195
Month 8₹2,05,833₹64,167
Month 9₹2,21,948₹48,052
Month 10₹2,38,150₹31,850
Month 11₹2,54,440₹15,560
Month 12₹2,70,818₹0

How to use this calculator

  1. Enter your must-pay expenses each month.
  2. Answer three questions to get a suggested number of months.
  3. Enter what you have saved and can save each month.

Frequently asked questions

How much emergency fund should I keep?

Usually 3 to 6 months of must-pay expenses, more if only one person earns, income is not steady or others depend on you. For ₹45,000 a month and 6 months, that is ₹2,70,000.

Where should I keep it?

Somewhere safe that you can withdraw from quickly: a savings account, a sweep-in FD or a liquid mutual fund. Do not keep it in shares.

Should I count my EMIs?

Yes. EMIs must be paid even if your salary stops, so include them in must-pay expenses.

Is health insurance enough?

No. Insurance pays the hospital bill, but not your rent and EMIs if you cannot work. You need both.

Sources and method

Standard compound-interest formulas, tested against worked examples. Nothing here depends on outside data; the rates you type in are your own assumptions.

No outside data is used. The numbers you type in are the only inputs.

Page and formula last reviewed . How we calculate · Editorial policy · Corrections and change log

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Last updated 10 October 2026. For information only — not financial advice. Check the final figures with your lender or bank.