Military and Federal Employee Debt Payoff Calculator 2026
Carrying debt into federal retirement reduces your effective income. Paying off before your FERS date maximizes how much your pension actually delivers.
Your debts
| Name | Balance ($) | Rate (%) | Min payment ($) | |
|---|---|---|---|---|
Avalanche
Saves more- Months to debt-free
- 34
- Payoff date
- Mar 2029
- Total interest paid
- $4,353
- Total paid
- $32,353
Snowball
- Months to debt-free
- 34
- Payoff date
- Mar 2029
- Total interest paid
- $4,887
- Total paid
- $32,887
Interest saved by choosing Avalanche over Snowball: $535
Payoff timeline (avalanche)
Credit Card 1$8,000
Auto Loan$15,000
Personal Loan$5,000
Month-by-month schedule
| Month | Debt | Payment | Remaining |
|---|---|---|---|
| 1 | Auto Loan | $350 | $14,738 |
| 1 | Personal Loan | $150 | $4,900 |
| 1 | Credit Card 1 | $500 | $7,647 |
| 2 | Auto Loan | $350 | $14,473 |
| 2 | Personal Loan | $150 | $4,799 |
| 2 | Credit Card 1 | $500 | $7,287 |
| 3 | Auto Loan | $350 | $14,208 |
| 3 | Personal Loan | $150 | $4,697 |
| 3 | Credit Card 1 | $500 | $6,920 |
| 4 | Auto Loan | $350 | $13,941 |
| 4 | Personal Loan | $150 | $4,594 |
| 4 | Credit Card 1 | $500 | $6,547 |
| 5 | Auto Loan | $350 | $13,672 |
| 5 | Personal Loan | $150 | $4,490 |
| 5 | Credit Card 1 | $500 | $6,167 |
| 6 | Auto Loan | $350 | $13,402 |
| 6 | Personal Loan | $150 | $4,385 |
| 6 | Credit Card 1 | $500 | $5,780 |
Retirement connection
Planning to retire in 10 years? Paying off Auto Loan before retirement adds $350/month back to your monthly income — meaningful spending power on top of your FERS pension.
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This calculator provides estimates only. Not financial advice.