Target Date Calculator
Pick your debt-free date, and we'll tell you exactly what it takes to get there.
Let's list your debts
No judgment here — just getting a clear picture.
When do you want to be debt-free?
Pick your target date — we'll figure out what it takes.
That's a very aggressive timeline
We'll calculate it, but the required payment might be quite high. That's okay — knowing the number helps you plan.
To be debt-free by
/mo
That's extra on top of your minimums
This is an aggressive goal
The required payment is more than 3x your minimum payments. It's doable if you can find the extra income, but make sure it won't strain your budget too much.
This looks achievable!
Finding an extra /month is definitely within reach for most people. You've got this!
Your payment breakdown
If you only paid minimums...
Time to payoff
Total interest
Your target saves you in interest!
Ways to find /month
Every little bit adds up. Here are some ideas:
Cut subscriptions
Streaming, gym, apps — they add up fast
Cook more at home
Even 2-3 fewer takeout meals helps
Side gig income
Freelancing, gig economy, selling items
Windfalls
Tax refunds, bonuses, birthday cash
What's next?
Having a target makes all the difference. You're on your way!
How the Target Date Calculator works
Instead of wondering when you'll be debt-free, start with when you want to be free and work backward. This calculator figures out the monthly payment needed to hit your goal.
Great for goal-setters
Have a milestone in mind? Wedding, home purchase, retirement? Set that as your target and see what monthly payment gets you there.
What if my target isn't realistic?
We'll tell you. If your target date requires an impossibly high payment, we'll show you:
- The minimum realistic timeframe based on your income
- What payment would be needed (even if it's high)
- Alternative dates that might work better
Tips for setting your target
- Be ambitious but realistic — pushing yourself is good, but burnout isn't
- Consider life events — job changes, moves, big purchases
- Build in buffer — life happens, so aim for a month or two early