Calculator
Your Debt-Free Date
$6,000 at 22%, $4,000 at 15%, and $2,000 at 9%, starting at $600 a month — that figure falls as each balance clears.
- Debt-free in
- 29 months — March 2029
- Interest paid
- $2,916
- At the minimums only
- 11 years 5 months — March 2038
Estimations only — based on the numbers you enter. Not financial advice.
Get your date → Free, no signup, your numbers stay on your device.
A date rather than a balance
A balance is a number that can feel static. A date is a deadline. Converting one into the other takes three inputs and one calculation: how much is owed, at what rate, and how much goes in each month.
The example
Three balances totaling $12,000 on a plan starting at $600 a month clear in 29 months — March 2029 — with $2,916 of interest. The same balances on minimum payments alone run 137 months, into 2038. The difference between the two outcomes is the extra amount, not the order.
Why the date moves
Each additional $50 a month moves the date 3 months earlier on the numbers above: $650 clears in 26 months, $700 in 23 months. The monthly amount is the input with the most reach, and it is also the one most within reach.
Questions
- How accurate is the date?
- It assumes unchanged rates and a fixed extra on top of the minimums; the total falls as each balance clears. A single missed month pushes the date back; an extra payment pulls it forward.
- Does the calculator include new purchases?
- No — it models the current balances only. New spending adds to the balance and moves the date.
- Can I save or share the date without sharing amounts?
- Yes — the milestone card contains the date and the month count, with no balances, rates, or creditor names.
Other calculators: compare payoff orders · see what the minimum alone costs