My view of an emergency situation is just that. It's an emergency! All unnecessary expenses must be put immediately on hold.
Savings/retirement, and any thing that is discretionary should not be a part of an emergency fund. I try to imagine the scenario where my main goal is to conquer the emergency situation for however long it takes.
It's difficult to predict or plan for this stuff so I personally try to imagine a worse case scenario and work off of that. Nothing that isn't an absolute requirement is factored in.
To answer your question, I would see that as two months of expenses. Even in an emergency situation though you can have other small emergencies crop up so maybe add a little for that.
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"Those who can't remember the past are condemmed to repeat it".- George Santayana.
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