Emergency Fund Calculator
Build your financial safety net. Calculate how much you need for emergencies and create a savings plan.
Tip: Emergency funds should be kept in high-yield savings accounts, liquid mutual funds, or flexi fixed deposits for easy access and safety in India.
Calculate Your Emergency Fund
Key Metrics
Target Amount
$ 24.0K
6 months coverage
Monthly Savings
$ 1.5K
Your planned savings
Current Savings
$ 10.0K
Shortfall
$ 14.0K
Need to save more
Emergency Fund Progress
Emergency Fund Best Practices
Where to Keep Your Emergency Fund in India
High-Yield Savings Accounts: 4-6% interest, 500.0K insured (where applicable), instant access
Liquid Mutual Funds: 5-7% returns, T+1 redemption, no lock-in period. These are debt funds that invest in short-term money market instruments like treasury bills and commercial paper.
Flexi Fixed Deposits: 6-7% interest, partial withdrawal allowed
What NOT to Do in India
Don't invest in equity mutual funds: Too volatile for emergency funds
Don't use personal loans: 12-24% interest rates defeat the purpose
Don't lock in FDs: Avoid fixed deposits with premature withdrawal penalties
Monthly Progress Breakdown
Track your emergency fund growth month by month
| Month | Fund Value | Monthly Contribution | Interest Earned | Progress | Status |
|---|---|---|---|---|---|
| 0 | $ 11.6K | $ 1.5K | $ 54 |
|
In Progress |
| 1 | $ 13.1K | $ 1.5K | $ 63 |
|
In Progress |
| 2 | $ 14.7K | $ 1.5K | $ 71 |
|
In Progress |
| 3 | $ 16.3K | $ 1.5K | $ 80 |
|
In Progress |
| 4 | $ 17.9K | $ 1.5K | $ 88 |
|
In Progress |
| 5 | $ 19.5K | $ 1.5K | $ 97 |
|
In Progress |
| 6 | $ 21.1K | $ 1.5K | $ 105 |
|
In Progress |
| 7 | $ 22.7K | $ 1.5K | $ 114 |
|
In Progress |
| 8 | $ 24.3K | $ 1.5K | $ 123 |
|
Target Reached |
| 9 | $ 25.9K | $ 1.5K | $ 132 |
|
Target Reached |
| 10 | $ 27.6K | $ 1.5K | $ 140 |
|
Target Reached |
| 11 | $ 29.2K | $ 1.5K | $ 149 |
|
Target Reached |
| 12 | $ 30.9K | $ 1.5K | $ 158 |
|
Target Reached |