Estimate how many months your emergency savings could cover
Use your essential monthly costs, irregular annual expenses, current savings, and preferred target to estimate your emergency-fund runway in Canadian dollars.
Estimate
—estimated essential monthly need
—current savings runway
—fund needed for your chosen target
—remaining funding gap
—estimated time to target
Enter your numbers and calculate.
How the estimate works
- Monthly need equals monthly essential expenses plus one-twelfth of essential annual expenses.
- Runway equals current emergency savings divided by estimated monthly need.
- The target amount equals monthly need multiplied by your selected number of months.
- Time to target assumes a constant contribution and ignores interest, inflation, taxes, withdrawals, and changing expenses.
This calculator provides an educational estimate, not individualized financial advice or a guarantee. Verify your budget and consider qualified advice when decisions involve debt, investments, insurance, taxes, or benefits.