No. All calculations are performed directly in your browser. We do not store or track any of the financial numbers you input into this tool.

How accurate is this calculator?

This calculator provides estimates based on standard formulas. Real-world results will vary based on inflation, exact daily compounding methods, and fee structures of specific financial institutions.

Debt Avalanche Calculator

Pay off highest interest debts first to save money.

Quick Summary

Pay off highest interest debts first to save money.

Input Your Numbers

Avalanche Method: Pay Off Highest Interest Rate First

The avalanche method targets the debt with the highest interest rate first. This mathematically saves you the most money in interest over time, even if it takes longer to pay off the first debt.

Debt Name

Balance ($)

APR (%)

Min Payment ($)

Debt Name

Balance ($)

APR (%)

Min Payment ($)

Debt Name

Balance ($)

APR (%)

Min Payment ($)

Extra Monthly Payment ($)

Amount to pay ON TOP of all minimums

Debt-Free In

5 years, 8 months

Total Debt

$42,000

Total Interest

$8,110

Total Paid

$50,110

Payoff Order (Highest Interest Rate First)

TARGETCredit Card (21.99% APR, $5,000 balance)
Student Loan (6.8% APR, $25,000 balance)
Car Loan (5.5% APR, $12,000 balance)

The avalanche method saves the most money mathematically by eliminating high-interest debt first. Compare with the Snowball method if you prefer quick motivational wins.

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Average Household Debt by Age Group (U.S.)

National data for comparison. See how your numbers stack up.

Age Group / Range	Value	Source
Under 35	$67,400	Federal Reserve SCF
35 - 44	$133,100	Federal Reserve SCF
45 - 54	$134,600	Federal Reserve SCF
55 - 64	$108,300	Federal Reserve SCF
65 - 74	$66,000	Federal Reserve SCF
75+	$34,500	Federal Reserve SCF