2.0months of coverage
Building Up
Your emergency fund should cover 3 to 6 months of living expenses. This is your financial safety net for unexpected events like job loss, medical emergencies, or urgent repairs.
Current Savings
£4,700
Monthly Expenses
£2,346.31
Progress to 6-Month Goal
£4,700Goal: £14,077.88
Target Timelines
How long it will take to reach each coverage milestone
1 mo away
3 Months
of expenses covered
£7,038.94
Shortfall£2,338.94
Est. dateOct 2026
4 mo away
6 Months
of expenses covered
£14,077.88
Shortfall£9,377.88
Est. dateJan 2027
10 mo away
12 Months
of expenses covered
£28,155.76
Shortfall£23,455.76
Est. dateJul 2027
Plan Your Path
Adjust your monthly contribution to see how fast you can reach your goals
Your Monthly Capacity
Savings deposits£550
Monthly excess income£1,887.02
Total monthly capacity£2,437.02
What-If Contribution
Enter a custom monthly amount to model a different savings rate
/mo
Manage your savings accounts Why an Emergency Fund Matters
Financial experts recommend keeping 3 to 6 months of essential expenses in an easily accessible savings account. This prevents you from relying on high-interest credit cards or loans during unexpected hardships.