# Debt Freedom to Financially Free Calculator

This calculator will calculate how long it will take to become financially free after becoming debt-free.

The idea behind this calculator is that once you manage to pay off all of your debts, including your mortgage, you will then be able to start investing the total of your freed-up debt payments, plus any additional funds you were applying to your debt repayment plan.

This is where you turn the tables on corporations who've been getting rich off of your interest payments. Instead of you being their investment vehicle, they now become your investment vehicles!

But before you use this calculator, you will first need to calculate your total debt payments and estimated debt freedom date. Both of these figures can be arrived at by using one of the following calculators:

In both cases, be sure to include your mortgage in your repayment plan to get the maximum effect.

## Financial Freedom Calculator

Calculate time to financial freedom once you have managed to pay off all of your debts.

Special Instructions

#### Selected Data Record:

A Data Record is a set of calculator entries that are stored in your web browser's Local Storage. If a Data Record is currently selected in the "Data" tab, this line will list the name you gave to that data record. If no data record is selected, or you have no entries stored for this calculator, the line will display "None".

DataData recordData recordSelected data record: None
Debt-free:Debt-free date:Debt freedom month and year:Debt freedom month and year:

#### Debt freedom month and year:

Select the month and year that all of your debts will be paid off. This date can be arrived at by using the Get Out of Debt Calculator or the Rapid Debt Reduction Calculator.

 Payoff goal month and yearJanFebMarAprMayJunJulAugSepOctNovDec Debt freedom year
Tot debt pmts:Total debt pmts:Total of debt payments:Total of all current monthly debt payments:

#### Total of all current monthly debt payments:

Enter the total of all monthly debt payments, but without the dollar sign or any commas. This figure can be arrived at by using the Get Out of Debt Calculator or the Rapid Debt Reduction Calculator.

 \$ Total of all current monthly debt payments
Savings:Current savings:Current savings and investments:Current savings and investments:

#### Current savings and investments:

Enter the total of all current savings and investment accounts, but without the dollar sign or any commas. Leave blank or enter a zero if you have no current savings or investments.

 \$ Current savings and investments
Earn rate:Rate of return:Percentage return on investments:Percentage return on investments:

#### Percentage return on investments:

Enter the annual percentage you would expect to earn on your savings and investments. Enter as a percentage but without the percent sign (for .065 or 6.5%, enter 6.5).

 Percentage return on investments %
Mon inc need:Income/month need:Monthly income needed for freedom:Monthly income needed for financial freedom:

#### Monthly income needed for financial freedom:

Enter the monthly income you would need in order to become financially free. Enter as a dollar amount but without the dollar sign or any commas. Be sure to include amounts for inflation and income taxes. Also keep in mind that you will be debt free, so none of your monthly interest earnings will need to go toward making debt payments.

 \$ Monthly income needed for financial freedom
Current age:Current age:Current age:Current age:

#### Current age:

 # Current age
Months:Months to freedom:Months till financial freedom:Months till financial freedom:

#### Months till financial freedom:

Based on your entries, this is how many months it will take you to become financially free after becoming debt free.

Years:Years to freedom:Years till financial freedom:Years till financial freedom:

#### Years till financial freedom:

Based on your entries, this is how many years it will take you to become financially free after becoming debt free.

FF age:Freedom age:Age when will become financially free:Age when will become financially free:

#### Age when will become financially free:

Based on your entries, this is the approximate age you will be when you become financially free.

FF date:Freedom date:Financial freedom date:Financial freedom date:

#### Financial freedom date:

Based on your entries, this will be the month and year when you become financially free.

If you would like to save the current entries to the secure online database, tap or click on the Data tab, select "New Data Record", give the data record a name, then tap or click the Save button. To save changes to previously saved entries, simply tap the Save button. Please select and "Clear" any data records you no longer need.

### Help and Tools

Move the slider to left and right to adjust the calculator width. Note that the Help and Tools panel will be hidden when the calculator is too wide to fit both on the screen. Moving the slider to the left will bring the instructions and tools panel back into view.

Also note that some calculators will reformat to accommodate the screen size as you make the calculator wider or narrower. If the calculator is narrow, columns of entry rows will be converted to a vertical entry form, whereas a wider calculator will display columns of entry rows, and the entry fields will be smaller in size ... since they will not need to be "thumb friendly".