When can I get out of debt?
Enter each debt and how much extra you can pay each month. We'll compare paying minimums, the Debt Snowball, and the Debt Avalanche, and show your debt-free date.
How this calculator works
Each month we add interest to every balance (APR ÷ 12), pay the minimum on every debt, then put your extra payment toward one target debt. When a debt is paid off, its minimum rolls into the next target, so your total monthly payment stays the same until you're debt-free.
Debt Snowball targets the smallest balance first for quick wins. Debt Avalanche targets the highest APR first, which usually costs the least interest. The minimums only plan pays each debt's minimum with no rollover, so you can see what doing nothing extra costs.
Estimates assume fixed rates, no new charges, and fixed minimum payments. Real credit card minimums often fall as your balance falls, which makes minimum-only payoff even slower than shown.
Frequently asked questions
Which is better, the snowball or avalanche method?
The avalanche method usually saves the most interest because it pays the highest APR first. The snowball method pays the smallest balance first, which some people find easier to stick with. The best plan is the one you will follow.
What is a debt-free date?
It's the month your last debt reaches a zero balance if you keep making the same total payment every month.
Is my information saved?
Your inputs are saved only in your browser's local storage so they're there when you return. We don't receive them unless you choose to email yourself a plan.
What if my minimum payment doesn't cover the interest?
The calculator warns you. If a payment is less than the monthly interest, the balance grows. Contact the lender or put extra money toward that debt.
Related tools and guides
Not financial advice. Results are estimates for educational purposes. Talk to a qualified professional about your situation. Some links are affiliate links; see our disclosure.