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Emergency fund calculator

See how much cash to keep for 3 or 6 months of essential expenses, and how long it takes to get there.

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CAD illustration of cash to cover essential expenses — not a HISA comparison or financial advice. Ignores interest, inflation, and irregular costs.

Target months

A common starter is 3 months of essentials; 6 months is a typical cushion.

Convention: target cash = monthly essential expenses × target months. Gap is target minus what you already have. Months to goal is the remaining gap divided by your monthly save, rounded up.

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Keep the cushion intact while you pay down debt, then put extra cash to work.

This calculator is for illustration only and is not tax, legal, or financial advice. Confirm figures with the CRA or a qualified advisor before you act.

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