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Work out how much to save for an emergency (months of expenses) and how long to reach your target.
Enter your monthly essential expenses and how many months of cover you want. Add current savings and monthly contribution to see how long until you reach the target. Estimate only.
Target amount
$24,000
Target reached
Time to target
38 months
Estimate only. Many advisers suggest 3 to 6 months of expenses.
An emergency fund is money set aside specifically to cover unexpected expenses or income loss. It acts as a financial safety net so you don't need to rely on credit cards or loans when things go wrong.
Most financial advisers recommend saving 3-6 months of essential expenses. If you're self-employed or have variable income, aim for the higher end.
Estimates only. Not financial or tax advice. Full disclaimer for your rights and our limitations of liability.
Rates and thresholds last updated for the 2024–25 financial year.