If you lost your source of income overnight, just how long would your savings last before you ran out of money altogether?

Hopefully, it’s a situation that you’re never faced with, but it’s always a good idea to have some emergency funds put away in case you were unable to work.

We’ve created this calculator so you can see just how long your savings would allow you to sustain your current lifestyle if your income stopped tomorrow.

How long would your savings last if your income stopped?

Use our calculator below to see exactly how long your emergency savings would last...

Step 1

Your savings

Your savings

Savings that you could access in an emergency.

Any other income?

Income from a spouse/partner or another source - monthly.


Savings statistics

We surveyed 2,000 Brits to find out how they would pay their way if their income stopped.

Monthly outgoings

We found that the average person has savings of £14,973, with monthly outgoings of £1,319 (£304) per week, meaning that their savings would stretch for about 11 months and 10 days. That may sound like quite a long time, but the survey also revealed that one in six Brits have no savings at all to fall back on, meaning they would immediately find themselves in financial difficulty if their income stopped.


More than one in five people surveyed said that they have £1,000 or less in savings, which means that on average they would run out within weeks, while just under a third said that they had less than £2,000, which would last about a month and a half.

Financial help

It’s quite a scary thought that you could end up on the breadline so quickly, so we also asked how people would try to get out of such a situation if they ever found themselves in one.

One in three said they would immediately turn to their friends and family for financial support, while a further third said that they would seek Government help, such as benefits.

One in ten would be happy to run up credit card debts, but just 2% of respondents said they would turn to a payday loan.

Income protection insurance

Another option would be to ensure that you’re covered by income protection insurance, but the survey revealed that as few as 8% of Brits actually have it, meaning that over nine in ten aren’t covered and many don’t even fully know what it is.

Income protection insurance is sometimes known as permanent health insurance and essentially helps you to cover costs such as bills if you are unable to work due to a serious illness or injury.

With permanent health insurance you’ll continue to receive a regular income while you’re unable to work, either until you return to work or retire. It replaces part of your income, unlike critical illness insurance, which pays out a lump sum, or short-term income protection, which pays out for a limited amount of time.

The monthly cost of income protection insurance will depend on the policy that you’re taking out, as well as a number of personal factors such as your age, job, health and percentage of income that you’d like to cover.

Kamran Altaf, Head of Life Insurance at comparethemarket.com, said:

“While some employers will offer sick pay to cover some illness and injuries, if you know that illness would mean that you can’t pay the bills, income protection is definitely something to consider, especially if you’re self-employed.”

“Income protection can also help if you have an accident or lose your job.”

“The fact that our survey suggests just 8% of people have income protection is a startling figure, considering that around one million workers a year find themselves unable to work due to a serious illness or injury.”

“There are also several other types of insurance to look into to protect yourself from running into these kinds of problems, such as critical illness insurance and payment protection insurance.”

Methodology & Disclaimer

The information provided in this calculator is intended as a guide only and should not be taken as financial advice.

We surveyed 2,000 British people using Maru/Usurv.

We asked:

What are your average monthly outgoings?

How much money do you have in savings?

If you found yourself unemployed, what would be your first approach to become financially stable until you found a job once your savings ran out?

Government help | Ask friends or family | Bank loan | Payday loan | Credit card | Use savings | overdraft

Do you have income protection insurance?

Y | N