Based on the assumptions you entered, you may be able to fund your desired emergency fund by adding a single lump sum of $14,989 or by saving $1,272 per month for the next 12 months.<table class='pure-table' role='grid'><tr><th colspan='2' class='section'>Emergency fund analysis</th></tr><tr><td>Total monthly living expenses</td><td>$2,600</td></tr><tr><td>x Number of months</td><td>6</td></tr><tr><td>= Emergency fund needed</td><td>$15,600</td></tr><tr><td>- Emergency fund (cash) available</td><td>$0</td></tr><tr><td>= Emergency fund shortfall/(surplus)</td><td>$15,600</td></tr><tr><th colspan='2' class='section'>Recommended savings</th></tr><tr><td>Lump sum needed to fund shortfall/(surplus)</td><td>$14,989</td></tr><tr><td>OR<br/> Monthly savings needed to fund shortfall/(surplus)</td><td>$1,272</td></tr><tr><td>Monthly cash available for savings</td><td>$1,024</td></tr><tr><th colspan='2' class='section'>Ratio analysis</th></tr><tr><td>Living expenses/earned income</td><td>71.7%</td></tr><tr><td>Recommended savings/earned income</td><td>35.1%</td></tr></table> <div id="chart1Container">Chart will load here</div> <script type="text/javascript"> <!-- var myChart1 = new FusionCharts( "MSColumn2D", "myChart1Id", "100%", "100%", "0", "1" ); myChart1.setXMLData("<chart showValues='0' showFCMenuItem='0' decimals='0' formatNumberScale='0' caption='Emergency Fund' xAxisName='Months' numberPrefix='$' bgColor='FFFFFF' showBorder='0' canvasBgColor='ffffff' showAlternateHGridColor='0' plotGradientColor='' numberSuffix='' thousandSeparator=',' decimalSeparator='.'><categories><category label='1' /><category label='' /><category label='' /><category label='' /><category label='5' /><category label='' /><category label='' /><category label='' /><category label='9' /><category label='' /><category label='' /><category label='' /></categories><dataset seriesName='Contribution' color='0B9191'><set value='1272.0' /><set value='1272.0' /><set value='1272.0' /><set value='1272.0' /><set value='1272.0' /><set value='1272.0' /><set value='1272.0' /><set value='1272.0' /><set value='1272.0' /><set value='1272.0' /><set value='1272.0' /><set value='1272.0' /></dataset><dataset seriesName='Ending Balance' color='F58127'><set value='1276.0' /><set value='2557.0' /><set value='3842.0' /><set value='5131.0' /><set value='6424.0' /><set value='7722.0' /><set value='9024.0' /><set value='10331.0' /><set value='11641.0' /><set value='12957.0' /><set value='14276.0' /><set value='15600.0' /></dataset></chart>"); // --> </script> <ul><li><a href="bud01">How does inflation impact my standard of living?</a></li><li><a href="bud02">How much am I spending?</a></li><li><a href="bud03">How much do I need for emergencies?</a></li><li><a href="pay-down-debt-or-invest">Should I pay down debt or invest my monthly surplus?</a></li><li><a href="how-long-will-my-money-last">How long will my money last with systematic withdrawals?</a></li><li><a href="bud06">Should my spouse enter the work force?</a></li><li><a href="bud07">What is my current net worth?</a></li><li><a href="bud08">What is my projected net worth?</a></li><li><a href="bud09">What is my current cash flow?</a></li><li><a href="bud10">What is my projected cash flow?</a></li><li><a href="bud11">What is the value of reducing, postponing or foregoing expenses?</a></li><li><a href="bud12">Historical inflation - Compare purchasing power</a></li><li><a href="checkbook-balancer-calculator">Balance My Checkbook</a></li></ul><table class='pure-table pure-table-bordered' role='grid'><tr><th scope="col">Month</th><th scope="col">Beginning Balance</th><th scope="col">Contribution</th><th scope="col">Earnings</th><th scope="col">Ending Balance</th></tr><tr><td role="rowheader" scope="row">1</td><td>$0</td><td>$1,272</td><td>$4</td><td>$1,276</td></tr><tr><td role="rowheader" scope="row">2</td><td>1,276</td><td>1,272</td><td>8</td><td>2,557</td></tr><tr><td role="rowheader" scope="row">3</td><td>2,557</td><td>1,272</td><td>13</td><td>3,842</td></tr><tr><td role="rowheader" scope="row">4</td><td>3,842</td><td>1,272</td><td>17</td><td>5,131</td></tr><tr><td role="rowheader" scope="row">5</td><td>5,131</td><td>1,272</td><td>21</td><td>6,424</td></tr><tr><td role="rowheader" scope="row">6</td><td>6,424</td><td>1,272</td><td>26</td><td>7,722</td></tr><tr><td role="rowheader" scope="row">7</td><td>7,722</td><td>1,272</td><td>30</td><td>9,024</td></tr><tr><td role="rowheader" scope="row">8</td><td>9,024</td><td>1,272</td><td>34</td><td>10,331</td></tr><tr><td role="rowheader" scope="row">9</td><td>10,331</td><td>1,272</td><td>39</td><td>11,641</td></tr><tr><td role="rowheader" scope="row">10</td><td>11,641</td><td>1,272</td><td>43</td><td>12,957</td></tr><tr><td role="rowheader" scope="row">11</td><td>12,957</td><td>1,272</td><td>47</td><td>14,276</td></tr><tr><td role="rowheader" scope="row">12</td><td>14,276</td><td>1,272</td><td>52</td><td>15,600</td></tr></table><span style="padding-bottom:2px;background-color:#eee;line-height:1.45em;border-bottom:1px dotted;border-top:1px dotted;"><span style="color:#81A41E;font-size:100%;font-weight:700;">&nbsp;FINANCIAL PLANNERS</span> <span style="color:#000;font-size:100%;font-weight:normal;">&ndash; 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