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About this tool
Size your emergency fund from real monthly essentials, see your savings gap, and get a month-by-month plan to fill it.
The Emergency Fund Calculator sizes your safety net as monthly essential expenses multiplied by a months figure derived from a four-question risk score — job stability, number of earners, dependents and health cover — scored out of 9 and mapped to 3, 6, 9 or 12 months. You itemise rent or EMI, groceries, utilities, insurance, school fees and transport in rupees, enter what you have already saved, and it returns the target, the gap and how many months of set-asides close it. Figures are shown in INR and the output is a planning estimate, not personalised financial advice.
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Under '1. Monthly essentials', edit the prefilled rows — 'Rent / home loan EMI', 'Groceries & household', 'Utilities, phone & internet', 'Insurance premiums', 'School fees / childcare' and 'Transport, medicines & misc' — or press 'Add expense row'; the 'Essentials total' updates as you type.
Answer the four selects under '2. Stability quiz' — 'Job / income stability', 'Household earners', Dependents and 'Health cover' — then enter 'Saved for emergencies so far (₹)' and 'Monthly set-aside (₹)' under Your progress.
Read which of the 3, 6, 9 and 12-month cards is tagged Recommended, with the profile score out of 9 that produced it, then the 'Gap remaining', 'Months to goal' and 'Fully funded by' tiles, and press 'Copy plan' or Download to save emergency-fund-plan.txt.
The target comes from an editable list of essential outgoings you total yourself, so it reflects what a month without income actually costs you.
Freelance income, a single-earner household, three or more dependents and no health cover each push the recommendation up, with the reasons stated back to you.
It splits the target across instant-access savings, a liquid or overnight fund layer and a rarely-touched FD or arbitrage layer, with the amount for each.
This calculator recommends 3, 6, 9 or 12 months based on a risk score out of 9: a score of 0-1 gets 3 months, 2-4 gets 6, 5-6 gets 9, and 7 or above gets 12. A government employee in a dual-income home with no dependents and family health cover lands at 3 months; a freelancer who is the sole earner with three dependents and no cover lands at 12.
Job loss or a long gap between pay cheques, a medical event insurance does not fully cover, an urgent home or vehicle repair, emergency family travel, and a hospital deposit or deductible. A sale ending tonight, a holiday, a wedding, a gadget upgrade, a house down payment and buying a market dip are all planned spending — budget for those separately.
The calculator splits the target three ways: about one month of expenses in a savings account with a sweep-in FD for instant ATM or UPI access, about two months in a liquid or overnight fund redeemable in roughly one working day, and the remainder in short-term FDs or arbitrage funds at 2-3 days' notice. Product features and returns vary — confirm the terms with your bank or a registered advisor before moving money.
Divide your remaining gap by the amount you can set aside each month; the calculator does this and shows the projected completion month. It also works backwards from 12, 18 and 24-month deadlines to give you the monthly figure each would need, rounded up to the nearest ₹100.
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