How much is your emergency fund?

[kakapantz]

As per above, how much do you set aside for emergency? How many month of you expenses?

 

[kakapantz]

I am putting about 20k, which is about 6 months lf my expenses.

 

[Thoreldan]

same here about 6-7 months of expenses.

 

[megdang]

35k = 7 months of expenses.

 

[Kaypohji]

If one month expenses only 1k. Does it mean I only need to put 6k

 

[megdang]

If one month expenses only 1k. Does it mean I only need to put 6k

Yes, it is
10 charrrrrrr

 

[lampano]

now i think at times as such, at least 12mths standby

 

[limster]

12mths++ expenses. can also be used as warchest.

 

[dork32]

for myself
cash/expense/month = 15 years.

cpf oa/monthly installment = 10 years.

at the moment it is called emergency funds. when i put i down on my next property, it will be called condo fund

 

[tulipkiss]

about 12months of expenses: mortage loan repayment, day-to-day and insurance/investment premiums.

 

[assiak71]

24 months.

 

[Thoreldan]

for myself
cash/expense/month = 15 years.

cpf oa/monthly installment = 10 years.

at the moment it is called emergency funds. when i put i down on my next property, it will be called condo fund

So i guess you're a property guy (no equity investment?)

 

[hwarzoner]

Currently mid 40s, set aside cash for about 30 years if I live frugally. Haven't included CPF Oa and sa.

 

[reddevil0728]

Currently mid 40s, set aside cash for about 30 years if I live frugally. Haven't included CPF Oa and sa.

You got 30 years of liquid cash sitting around earning how many % returns?

 

[zoneguard]

Currently mid 40s, set aside cash for about 30 years if I live frugally. Haven't included CPF Oa and sa.

Congratulations, you are technically FIRE-ed. If included CPF, the Safe Withdrawal Rate (SWR) will be 3% or better.

 

[Beta_Tester]

50K. Liquid cash. I can go big or go home. I can spend 1.5K a month. If to be safe.. 2.5K per month.

 

[homer123]

I got around 700K cash ..supposed to be invested but now end up as emergency fund..I believe I will stop working soon and probably can't find another job ever again.

 

[zoneguard]

I got around 700K cash ..supposed to be invested but now end up as emergency fund..I believe I will stop working soon and probably can't find another job ever again.

You are the owner of http://globalincome50.blogspot.com ?

Congratulations on achieving the technical definition of FIRE, ie liquid networth more than 25X annual expenses. If you have other assets like property and CPF, SWR will be below 4%.

 

[qhong61]

After that??

 

[Entry Level PC]

As per above, how much do you set aside for emergency? How many month of you expenses?

3 months salary in bank.
18 months of my expenses.
moi is minimalist.