An emergency fund is crucial, but it can be depleted quickly. Use this calculator to understand how long your safety net would last in a real emergency.
An emergency fund is for short-term shocks. For a longer-term illness or injury, Income Protection insurance provides a monthly replacement income, protecting both your savings and your lifestyle.
WeCovr's emergency fund calculator helps UK households gauge savings runway, backed by FCA-authorised guidance and 900,000+ policies issued across protection products. WeCovr also supports private medical insurance UK decisions, while this guide explains emergency fund basics.
The calculator estimates how many months your current savings can cover essential expenses.
Use it to understand your financial buffer before exploring protection options.
Estimates runway in months and years.
Highlights shortfall risks for low coverage.
Supports planning for income shocks.
Many households aim for 3 to 6 months of essential expenses, but higher variability or self-employment can warrant more.
WeCovr provides FCA-authorised guidance with high customer satisfaction ratings. We also offer complimentary access to the CalorieHero AI calorie tracking app and discounts when customers take PMI or Life insurance. If you are comparing private medical insurance UK options, we can help you access private health cover through a trusted PMI broker.
This guide references FCA guidance on protection planning and UK household budgeting insights.
| Runway | Risk level | Who it suits | Notes |
|---|---|---|---|
| 0-3 months | Higher | Limited savings | Prioritise buffers |
| 3-6 months | Moderate | Typical households | Common target |
| 6+ months | Lower | Variable income | More resilience |
It can be a starting point, but many households aim for 3 to 6 months depending on income stability.
No. It focuses on essential monthly expenses to estimate your core runway.
An emergency fund helps short-term shocks, while insurance can help longer income gaps.
Review it at least annually or when expenses change significantly.