How this calculator works
The standard guideline is 3-6 months of monthly expenses (not salary) kept in an easily accessible account. This calculator sizes that target based on your expenses and job security, then estimates how many months it'll take to build it at your chosen monthly savings rate.
FAQs
Should my emergency fund be 3 or 6 months?
Lean toward 3 months if your income is stable (secure salaried job, dual-income household); lean toward 6 if it's variable (freelance, commission-based, single income).
Where should I keep this money?
A high-yield savings account or liquid mutual fund — not a fixed deposit with a lock-in, and not equity, since you need instant access without market risk. See how much emergency fund you really need for the full guidance.