How much should I save each month for an emergency fund?

To save ₹3,00,000 for an emergency fund in 1 year 6 months, you'd set aside about ₹16,667 every month — roughly ₹556 a day. Use the calculator above to plug in your own target and timeline.

How long will it take to save for an emergency fund?

It depends on how much you can save each month. Saving ₹16,667/month reaches ₹3,00,000 in 1 year 6 months. Save more each month and you'll get there sooner — the calculator shows your exact finish date.

Does this assume any investment returns?

No. This is a straight-line savings plan — it assumes you set aside a fixed amount each month with no market returns or inflation. That's the safe, predictable way to plan a short-to-medium-term goal where you can't risk the money. For longer goals, a SIP may help your savings grow faster.

Where should I keep the money while I save?

For a goal you'll spend within a few years, keep it safe and accessible — a high-interest savings account, a sweep-in fixed deposit, or a liquid fund. Avoid equities for short-term goals, since a market dip could leave you short right when you need the cash.

How can I reach the goal faster?

Automate a fixed transfer right after payday, redirect bonuses and windfalls straight into the goal, and track your spending to free up a bigger monthly surplus. Even a small increase to your monthly amount can shave months off the timeline.

Emergency Fund Savings Calculator — Reach Your Target

Once you know your emergency-fund target, this calculator turns it into a monthly savings plan. Not sure how big it should be yet? Start with our emergency fund calculator, then come back to plan the savings.

Goal amount

₹3,00,000

Example target for an emergency fund

Timeline

1 year 6 months

18 months to save

Save per month

₹16,667

~₹556/day

How the math works

A savings goal is simple straight-line math: divide what you still need by the number of months you have. For this example, ₹3,00,000 ÷ 18 months = ₹16,667 per month. Already have something saved? Subtract it first — the calculator above does this automatically.

Tips for saving for an emergency fund

Automate the transfer right after payday so the fund grows before you can spend it.
Hit the 1-month buffer first as a quick win, then build toward 3 and 6 months.
Park it in a high-interest savings account or liquid fund — safe and accessible.
Top it up with windfalls to reach full coverage faster.

Plan it with your own numbers

Open the full Savings Goal Calculator to set your own target and deadline, compare conservative/balanced/aggressive plans, and see a month-by-month roadmap to an emergency fund.

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