Find your exact debt-free date, or see how your money could grow with compound interest. Two free calculators, no signup, no email wall — just clarity.
Book a free discovery call and we'll turn this into a step-by-step strategy — debt freedom, investing, or both.
The debt payoff calculator takes your current balance, interest rate, and monthly payment, then runs the math month by month — the same way your lender does — to show exactly how long it will take to reach zero and how much of what you pay goes to interest versus principal. The compound growth calculator does the reverse: it shows how a starting balance plus regular monthly contributions can grow over time as returns compound on top of returns, not just on your original deposit.
Both are built for one purpose: turning a vague goal like "get out of debt" or "start investing" into a specific number and a specific date, so you know exactly where you stand and what to do next.
If you're carrying more than one balance, how you order your payments changes both your timeline and your total interest paid. These are the two most common strategies:
Pay minimums on everything, then throw extra at your smallest debt. Once it's gone, roll that payment into the next smallest. Builds momentum through quick wins — best if you need motivation to stay consistent.
Pay minimums on everything, then throw extra at your highest-APR debt. Mathematically saves the most money over time — best if you're motivated by the numbers rather than quick wins.
This calculator models one balance at a time. If you're working through several accounts, run each one separately to compare, or book a call and we'll map out the full order for you.
The short answer: compare rates. If your debt's interest rate is higher than what you could reasonably expect to earn investing, paying it down first almost always wins — you can't reliably out-earn a 22% credit card APR in the market. Once high-interest debt is cleared, shifting that same monthly payment into consistent investing is where compound growth starts working in your favor instead of against you. That's exactly why this page has both calculators side by side — run your numbers both ways and see which move actually moves the needle.
It depends on your interest rate. If your debt's rate is higher than a realistic investment return (historically around 7-10% annually for the market), paying it off first usually saves you more. High-interest credit card debt almost always outpaces likely investment returns.
Compound interest adds earned interest back to your principal, so future interest is calculated on a larger balance. With regular contributions, growth compounds on both your original deposit and every new contribution over the remaining time horizon.
Snowball pays off your smallest balance first for quick psychological wins. Avalanche pays off your highest interest rate first, which typically saves the most money overall. Both work — the best method is the one you'll actually stick with.
This tool models a single balance with a fixed rate and payment. If you're juggling several debts, it's a solid starting point, but a full strategy across multiple accounts needs a more detailed plan — that's where a personalized session helps.