Area chart showing your emergency fund balance growing to the $18,000 target over 40 months. You currently have $2,000 saved and need $16,000 more.
How big should your emergency fund be?
Most guidelines suggest 3 to 6 months of essential living expenses, kept in a safe, liquid account like a high-yield savings account. Lean toward the higher end if your income is variable or your job is less secure. If you're just starting, a $1,000 starter fund is a great first milestone before building toward the full amount.