Emergency Fund Calculator
Having emergency savings can make unforeseen unemployment, auto repairs, medical emergencies, property damage and even legal issues more manageable.
With adequate emergency savings, you can focus on how to best meet your family's needs, rather than worrying about finding the money to handle these difficult situations. This calculator helps you determine how much emergency savings you may need, and how you can begin saving toward this important goal.
This calculator is for general education purposes only and is not an illustration of current Navy Federal products and offers.
Additional Resources
Money Management with My MakingCents
Wherever you are in your savings journey, My MakingCents gives you the tools to understand your finances from every angle and reach your goals faster. As a member, track your spending, create a budget, monitor your credit and view all your accounts (even those at other banks and credit unions)—for free.
Set Up a Basic Savings Account
Set up a designated emergency fund—a Navy Federal Basic Savings account is a great option—and make regular contributions so you can have funds on hand for unexpected expenses. Add what you're able; even small amounts add up quickly.
Disclosures
This content is intended to provide general information and shouldn't be considered legal, tax or financial advice. It's always a good idea to consult a tax or financial advisor for specific information on how certain laws apply to your situation and about your individual financial situation.