Emergency Fund

How much do I need for emergencies?

It is prudent planning to have at least three to six months of liquid/cash assets set aside in the event of a loss of job, medical emergency, short-term disability, etc. Use this calculator to help determine how much you need to set aside monthly or as a lump sum to create an emergency fund.

Assumptions

Current gross monthly income ($) Current emergency funds available ($) Number of months for funds to last (1 to 360) Before tax return on savings (-12% to 12%) Marginal tax bracket (0% to 75%) Number of months to accumulate funds (1 to 360)

Expenses

Total monthly living expenses, if plan to itemize below then leave at 0. ($)

Or Itemize Monthly

Mortgage payment or rent ($) Vacation home (mortgage) ($) Automobile loan(s) ($) Personal loan(s) ($) Charge accounts ($) Federal income taxes ($) State income taxes ($) FICA (social security taxes) ($) Real estate taxes ($) Other taxes ($) Utilities ($) Household repairs and maintenance ($) Food ($) Clothing and laundry ($) Educational expenses ($) Child care ($) Automobile expenses (gas, repairs, etc.) ($) Other transportation expenses ($) Life insurance premiums ($) Homeowners (renters) insurance ($) Automobile insurance ($) Medical, dental and disability insurance ($) Entertainment and dining ($) Recreation and travel ($) Club dues ($) Hobbies ($) Gifts ($) Major home improvements and furnishings ($) Professional services ($) Charitable contributions ($) Other and miscellaneous expenses ($)

Average annual historic rates of return for selected asset classes from 1926 to 2023.
Inflation	2.9%
U.S. Treasury Bills	3.3%
Long-Term Government Bonds	5.1%
U.S. Large-Company Stocks	10.3%
U.S. Small-Company Stocks	11.8%

Past performance is not a guarantee of future results. This data is provided for illustration purposes only.

2024 federal taxable income brackets and corresponding tax rates for common filing statuses.
Income - Single	Income - Head of Household	Income - Married Filing Jointly	Income - Married Filing Separately	Federal Tax Rate
$0 - $11,600	$0 - $16,550	$0 - $23,200	$0 - $11,600	10%
$11,601 - $47,150	$16,551 - $63,100	$23,201 - $94,300	$11,601 - $47,150	12%
$47,151 - $100,525	$63,101 - $100,500	$94,301 - $201,150	$47,151 - $100,525	22%
$100,526 - $191,950	$100,501 - $191,950	$201,151 - $383,900	$100,526 - $191,950	24%
$191,951 - $243,725	$191,951 - $243,700	$383,901 - $487,450	$191,951 - $243,725	32%
$243,726 - $609,350	$243,701 - $609,350	$487,451 - $731,200	$243,726 - $365,600	35%
$609,351+	$609,351+	$731,201+	$365,601+	37%

How much do I need for emergencies?

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