Building an emergency fund: Calculate how much to save

Saving for a rainy day, whether medical mishap or loss of income, requires regular contributions.

Many financial advisers agree that it's best to have an emergency saving fund that's equal to 3 ― 6 months of your expenses. Our calculator will help you identify what your monthly expenses are so you can determine what could be a good emergency fund amount. After you have determined your total monthly expenses you can multiply that amount by the number of months you'd like to have an emergency account for.

Build an emergency fund: How much to save

All fields are required. If something doesn't apply, place 0 in the field.

Job loss





Savings for job loss
Savings needed for emergencies
Savings needed for deductibles
Total target amount
Number of months to save
Loading result

Neither State Farm® nor its agents provide tax or legal advice. This calculator is for illustrative and educational purposes only. Its accuracy and applicability to your circumstances is not guaranteed. Please consult your own adviser regarding your particular circumstances.

Start a quote

Select a product to start a quote.

Find agents near
you or contact us

There’s one ready to offer personalized service to fit your specific needs.

Related articles

Are your investments really paying off?

Compare the rate of return on your investments with our handy calculator.

Four kinds of savings and other important savings account information

Learn more about savings accounts and how they work. We share four different kinds of savings to help you decide which one may help with your financial goals.

Financial wellness tips to help improve your financial future

Get ahead and learn how to improve financial wellness through simple spending, saving and budgeting tips.

Build an emergency fund

Having extra cash in an emergency fund comes in handy when life throws you something unexpected.