Debt Payoff Goal Calculator
Choose a target payoff date and estimate the monthly payment needed to become debt-free. Supports multiple debts, payoff order, interest, and schedules.
Inputs
Loaded your last inputs
How this planner works
Add your debts and choose a target payoff date. This tool estimates the monthly payment needed to finish by that target.
This version uses the Avalanche method by default, meaning extra payment goes to the highest APR first.
The model works in monthly periods, so results are based on the target month, not an exact payoff day.
1) Your debts
Add each balance, APR, and minimum payment. Debt type is for labeling and summaries.
2) Goal
The calculator only uses the target month and year for payoff planning.
Uses monthly compounding (APR/12). Estimates only.
Results
Required monthly payment
—
Extra above current minimums
—
How much above your current total minimums this plan requires.
Total interest
—
Estimated interest paid until all debts reach $0.
Total paid
—
Principal + interest.
Total debt
—
Starting balance across all debts.
Current minimums total
—
Sum of all minimum payments you entered.
Target payoff date
—
Your selected debt-free goal.
Payoff timeline
—
Months between now and the target payoff date.
- Interest accrues monthly using APR ÷ 12 (monthly compounding).
- Minimum payments are treated as fixed dollar amounts, not percent-of-balance formulas.
- The calculator estimates the monthly payment needed to finish on or before your target month.
- This version uses Avalanche logic: extra payment goes to the highest-APR active debt first.
- As debts are paid off, their minimum payments roll into remaining debts automatically.
- No teaser APRs, penalty APR changes, late fees, or lender-specific minimum rules are modeled.
Monthly Payment Guides
See example monthly payments needed to eliminate common debt balances within a 3-year payoff timeline.
$5,000 in 3 years
How much do you need to pay each month to pay off $5,000 in 3 years?
$10,000 in 3 years
How much do you need to pay each month to pay off $10,000 in 3 years?
$15,000 in 3 years
How much do you need to pay each month to pay off $15,000 in 3 years?
$20,000 in 3 years
How much do you need to pay each month to pay off $20,000 in 3 years?