Financial Calculators

How much do I need for emergencies?

It is prudent planning to have at least three to six months of liquid/cash assets set aside in the event of a loss of job, medical emergency, short-term disability, etc. Use this calculator to help determine how much you need to set aside monthly or as a lump sum to create an emergency fund.

Assumptions

Current gross monthly income ($)

Current emergency funds available ($)

Number of months for funds to last (1 to 360)

Before tax return on savings (-12% to 12%)

Marginal tax bracket (0% to 75%)

Number of months to accumulate funds (1 to 360)

Expenses

Total monthly living expenses, if plan to itemize below then leave at 0. ($)

Or Itemize Monthly

Mortgage payment or rent ($)

Vacation home (mortgage) ($)

Automobile loan(s) ($)

Personal loan(s) ($)

Charge accounts ($)

Federal income taxes ($)

State income taxes ($)

FICA (social security taxes) ($)

Real estate taxes ($)

Other taxes ($)

Utilities ($)

Household repairs and maintenance ($)

Food ($)

Clothing and laundry ($)

Educational expenses ($)

Child care ($)

Automobile expenses (gas, repairs, etc.) ($)

Other transportation expenses ($)

Life insurance premiums ($)

Homeowners (renters) insurance ($)

Automobile insurance ($)

Medical, dental and disability insurance ($)

Entertainment and dining ($)

Recreation and travel ($)

Club dues ($)

Hobbies ($)

Gifts ($)

Major home improvements and furnishings ($)

Professional services ($)

Charitable contributions ($)

Other and miscellaneous expenses ($)

Reset

Single
Income	Federal Tax Rate
$0-$10,275	10%
$10,276-$41,775	12%
$41,776-$89,075	22%
$89,076-$170,050	24%
$170,051-$215,950	32%
$215,951-$569,900	35%
$539,901+	37%

Head of Household
Income	Federal Tax Rate
$0-$14,650	10%
$14,651-$55,900	12%
$55,901-$89,050	22%
$89,051-$170,050	24%
$180,051-$215,950	32%
$215,951-$539,900	35%
$539,901+	37%

Married, Filing Jointly
Income	Federal Tax Rate
$0-$20,550	10%
$20,551-$83,550	12%
$83,551-$178,150	22%
$178,151-$340,100	24%
$340,100-$431,900	32%
$431,901-$647,850	35%
$647,851+	37%

Married, Filing Separately
Income	Federal Tax Rate
$0-$10,275	10%
$10,276-$41,775	12%
$41,776-$89,075	22%
$89,076-$170,050	24%
$170,051-$245,950	32%
$215,951-$323,925	35%
$323,926+	37%

Type	Residence	Tuition & Fees	With Room & Board
Public 4yr	Residence: In-state	Tuition & Fees: $10,740	With Room & Board: $22,690
Public 4yr	Residence: Out-of-State	Tuition & Fees: $27,560	With Room & Board: $39,510
Public 2yr	Residence: In-State	Tuition & Fees: $3,800	With Room & Board: $13,130
Private 4yr	Residence: N/A	Tuition & Fees: $38,700	With Room & Board: $51,690

Inflation		2.9%
U.S. Treasury Bills		3.3%
Long-Term Government Bonds		5.7%
U.S. Large-Company Stocks		10.3%
U.S. Small-Company Stocks		11.8%

Year	Inflation Rate
2012		2.1%
2013		1.5%
2014		1.6%
2015		0.1%
2016		1.3%
2017		2.1%
2018		2.4%
2019		1.8%
2020		1.2%
2021		4.7%

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How much do I need for emergencies?

Assumptions

Expenses

Or Itemize Monthly