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Financial Freedom Calculator Sign
Financial Freedom Calculator

This calculator will calculate how long it will take to become financially free once you manage to pay off all of your debts and can invest your freed-up debt payments. Results include a year-by-year chart showing the growth of your financial freedom account and the corresponding monthly interest income.

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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.

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.

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.

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).

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.

Current age:Current age:Current age:Current age:

Current age:

Enter your 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 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.

Feedback AppreciatedFeedback Greatly AppreciatedYour Feedback Would Be Greatly AppreciatedYour Feedback Is Greatly Appreciated
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Tip

Help and Tools

Help and Tools:

This section, which you can Unstick or Hide in the Calculator Preferences (just above the top of the calculator), contains the following tabs (content too long to fit within bordered frame can be scrolled up and down):

About: Click this tab for an introduction to the calculator.

Instructions: Click this tab for step-by-step instructions for using the calculator.

Terms: Click this tab for a list of the descriptions that are located within each popup help button (info icons).

PCalc: Click this tab for a handy "pocket" calculator you can use when you need to calculate an entry needed for the calculator.

Data: Click this tab to save a set of entries or a note in between visits. Entries and notes will be stored to your web browser's local storage (if supported by your browser of choice), meaning they can only be recalled with the same device and web browser you were using when you saved them. If you'd like to save entries and notes between devices you can do so by subscribing to the Ad-Free Member Version.

 

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