Step 10 of 15
Debt Management
MyPlanner
See how fast you can pay off debt and compare paying down vs. investing your extra cash.
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Your Debt
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Payoff Plan
Enter your debt details to see the fastest payoff plan and whether you should pay debt or invest.
📖 Methodology & Guidance
Inputs: Your debt balance, interest rate, minimum payment, and extra monthly payment you can afford.
Outputs: Payoff timeline in months/years, total interest paid, and a side-by-side comparison of whether you’re better off paying down debt or investing the extra cash at your expected return rate.
How to use: If your debt interest rate exceeds your expected investment return (after taxes), you’re better off paying the debt. Otherwise, investing may build more wealth. Credit card debt (15%+) almost always should be paid first.