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Emergency Fund Calculator

Everyone needs an emergency fund to be ready for the unexpected. But how much do you need for an emergency fund? You’ve probably heard different numbers, and while there is no one-size-fits-all target, this spreadsheet can help you choose a specific goal (like covering the basics), calculate how much money you should save, and make a plan to get there.

Ready to start your emergency fund? Now is the perfect time! We’ll give you a $100* bonus when you open a new savings account and meet requirements.


Use this calculator to:

  • Determine your emergency fund objectives
  • Calculate your monthly expenses
  • Make a plan to save the amount you’ll need

Looking for more information about building your safety net? Check out our Emergency Funds resource center.


*To qualify for the Savings promotion, you cannot be a primary accountholder on an existing Simply Savings or Simply Savings Student account. Offer not valid if existing savings account closed 120 days prior to 05/01/2023. Receive $100 when you open a Simply Savings account and complete the following within 90 days of account opening: (1) maintain a $2,500 balance; and (2) enroll in paperless statements via online or mobile banking. Bonus is credited to your active account within 100 days of account opening if you meet requirements. Simply Savings requires a $2,500 opening deposit in new money. Simply Savings earns .50% APY as of 05/01/2023. Fees may reduce earnings; rates subject to change. Promotion offers limited to one new checking and one new savings account per person and cannot be combined with other offers. Available 05/01/2023 to 09/29/2023. Member FDIC.