Income Shock Stress Test Calculator

Stress-test income cuts against monthly obligations. Compare scenarios, track emergency funds, and reveal breakpoints fast. Make smarter spending moves when income changes suddenly today.

Enter Your Scenario

Use net monthly income. Add replacement income for unemployment benefits or side work.

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Tip: use take-home pay after taxes.
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Percent uses your income as the base.
0 means income snaps back immediately.
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Keeps scenarios realistic under rising costs.
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You treat this as “do not touch”.

How to Use This Calculator

  1. Enter your net monthly income and typical monthly expenses.
  2. Choose a shock type and magnitude, then set shock duration.
  3. Add any replacement income you expect during the shock.
  4. Enter your emergency fund and a minimum cash buffer.
  5. Submit to see runway, deficits, and a month-by-month projection.

Formula Used

Shocked income (month 1) is calculated as: Income × (1 − Shock%) + ReplacementIncome for percent shocks, or max(0, Income − ShockAmount) + ReplacementIncome for fixed reductions.

Monthly expenses are: Essential + Discretionary + Debt + Other. If inflation is provided, expenses grow by: Expenses(m) = Expenses(1) × (1 + inflation%)^(m−1).

Fund balance is updated monthly: Fund(m) = Fund(m−1) + (Income(m) − Expenses(m)). Runway is estimated as: (EmergencyFund − Buffer) ÷ BurnRate using month 1 burn.

Example Data Table

Scenario Income Shock Expenses Emergency Fund Outcome
Baseline $ 5,000 $ 3,800 $ 12,000 Surplus $ 1,200/month
25% cut for 6 months $ 5,000 25% $ 3,800 $ 12,000 Burn $ 50/month, runway ~ 220 months
40% cut for 9 months $ 5,000 40% $ 3,800 $ 6,000 High risk, buffer likely breached
These examples are illustrative; your results depend on your inputs and inflation setting.

Notes and Limitations

  • This is an estimation tool, not financial advice.
  • Runway uses month 1 burn rate; later months may differ.
  • Consider separate buffers for taxes, medical events, or repairs.

Scenario design and inputs

Use net monthly income, then separate expenses into essential, discretionary, debt, and other. A common starting profile is income 5,000, essentials 2,400, discretionary 700, debt 450, and other 250, totaling 3,800 per month. Baseline net cash flow is 1,200, which builds reserves before any shock.

Income shock mechanics

Percent shocks apply to income only. A 25% cut reduces 5,000 to 3,750 before benefits; adding 300 replacement income yields 4,050. Amount shocks subtract a fixed value, for example 1,200, producing 3,800 plus any replacement income you enter. During recovery, income can ramp evenly, such as moving from 4,050 back to 5,000 over 3 months.

Expense structure and inflation

Total expenses can grow with a monthly inflation factor. With 0.50% inflation, month 6 expenses equal 3,800 × (1.005)^(5) ≈ 3,895. Month 12 becomes about 4,011. This helps reflect rent escalations, grocery increases, and rising utility bills when the shock persists longer than expected.

Savings runway and breakpoints

Coverage ratio equals shocked income ÷ expenses. If shocked income is 3,300 and expenses are 3,800, coverage is 0.87 and burn is 500 monthly. With a 12,000 fund and 1,000 buffer, usable cash is 11,000, giving runway 11,000 ÷ 500 = 22 months under steady burn. Required fund for a 6‑month deficit totals roughly 3,000, plus buffer for safety.

Action planning with outputs

The projection table reports income, expenses, net flow, and fund balance each month. Watch for “Buffer breached” and “Negative balance,” and note the minimum fund balance as the tightest point. If deficits appear, cut discretionary spending first, then renegotiate debt payments, and retest with a smaller shock or higher replacement income. Export CSV to compare scenarios consistently. For planning, try three shocks: mild 10%, base 25%, severe 40%. Record rating, runway, and required fund. Use the break-even cut figure to set a monthly savings target starting now.

FAQs

What does the stress rating represent?

It summarizes whether your shocked income and savings can cover projected expenses. Low means expenses are covered. Moderate means savings bridge the gap with tight buffers. High means the buffer or balance likely fails.

Should I enter gross or net income?

Use net monthly income after taxes and payroll deductions. If taxes vary, enter your conservative take-home amount. This keeps runway and required fund estimates closer to what you can actually spend.

How is recovery modeled after the shock?

Recovery increases income evenly from shocked income back to baseline across the recovery months. This creates a gradual slope rather than an instant jump, helping you test reemployment timelines or ramping contract work.

Why can runway show Infinity?

If shocked income is greater than or equal to month-one expenses, burn rate becomes zero. With no deficit, savings are not consumed in the model, so runway is effectively unlimited under the same assumptions.

Can I include multiple income sources?

Yes. Add stable side income into Monthly Income, and add temporary benefits or gig work into Replacement Income. Then test different shock magnitudes to see how diversification changes the minimum fund balance.

How should I interpret “required fund”?

Required fund totals only the monthly deficits during the shock period, then adds your chosen buffer for a safer target. If your current fund is below that number, you will likely cut spending or add income to pass.

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Important Note: All the Calculators listed in this site are for educational purpose only and we do not guarentee the accuracy of results. Please do consult with other sources as well.