Estimated ending balance
$0.00
Tool
Emergency Fund Calculator
Estimate how an emergency fund could grow over time using a beginning balance, monthly savings amount, estimated APY, and time frame.
This calculator uses monthly compounding and does not save your information.
Enter Your Savings Plan
Adjust the inputs, then calculate the estimate to see the projected balance, contributions, and interest.
Estimated Results
Based on the current inputs and monthly compounding.
Total contributions
$0.00
Estimated interest earned
$0.00
Run the calculator to see the projected ending balance.
Monthly Results
Review the month-by-month estimate.
Show monthly balance table
Showing the first 60 months.
| Month | Label | Starting balance | Contribution | Interest | Ending balance |
|---|
How to Use This Emergency Fund Calculator
Enter your beginning balance, the amount you plan to add each month, an estimated annual percentage yield, and the number of years you want to project.
The beginning balance is the cash you already have saved. The monthly contribution is the amount you expect to add consistently. Estimated APY is the savings rate you want to model. The time frame controls how many months appear in the estimate.
How to Understand the Results
The estimated ending balance shows the projected total after monthly compounding and regular contributions. Total contributions include your beginning balance plus the monthly deposits. Estimated interest earned is the difference between those contributions and the projected ending balance.
The monthly balance table shows the starting balance, contribution, interest, and ending balance for each month. Rates can change, so the result is an estimate rather than a promise of future savings account earnings.
For help deciding how much cash to set aside, read How Much Should You Keep in an Emergency Fund?. If you are building savings into a monthly plan, start with How to Create a Simple Personal Budget or Why You Need a Budget.
Explore more free calculators on the Tools hub.