Debt Payoff Calculator

How long will it take to pay off my debt?

Find out exactly when you will be debt-free at your current payment — and try a higher payment to see how much time and interest you save.

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<iframe src="https://money100x.com/embed/debt-payoff-calculator" width="100%" height="720" style="border:1px solid #e5e7eb;border-radius:12px" title="Debt Payoff Calculator" loading="lazy"></iframe><p style="font-size:13px">Debt Payoff Calculator by <a href="https://money100x.com/tools/debt-payoff-calculator">Money100x</a></p>

How this calculator works

Each month, interest is added at your APR ÷ 12 and your payment is subtracted, until the balance reaches zero. If your payment does not cover the monthly interest, the balance will never fall.

Frequently asked questions

Should I pay off the highest-rate debt first?

Paying the highest-rate debt first (the avalanche method) saves the most interest. Paying the smallest balance first (the snowball method) builds momentum. Both work if you stick with them.

Does this include new purchases?

No. The estimate assumes no new charges and a fixed interest rate.

Learn more

Results are estimates based on the numbers you enter and simplified assumptions. They are not financial advice. See our disclaimer.