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Invest vs Pay Off Debt Calculator

Should you use extra money to pay off debt or invest it? Compare strategies with guaranteed vs expected returns

Debt Freedom Journey progress

Step 5 of 5

Extra Money Per Month ($) *

How much extra can you put toward debt or investing?

Total Debt Balance ($) *

Debt Interest Rate (%) *

Minimum Monthly Payment ($) *

Debt Type *

Expected Investment Return (%)

S&P 500 historical avg: ~10%

Employer Match (%)

If investing in 401(k) with match

Time Horizon *

Emergency Fund Status *

Critical for this decision