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

NameBalance ($)Rate (%)Min payment ($)

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

MonthDebtPaymentRemaining
1Auto Loan$350$14,738
1Personal Loan$150$4,900
1Credit Card 1$500$7,647
2Auto Loan$350$14,473
2Personal Loan$150$4,799
2Credit Card 1$500$7,287
3Auto Loan$350$14,208
3Personal Loan$150$4,697
3Credit Card 1$500$6,920
4Auto Loan$350$13,941
4Personal Loan$150$4,594
4Credit Card 1$500$6,547
5Auto Loan$350$13,672
5Personal Loan$150$4,490
5Credit Card 1$500$6,167
6Auto Loan$350$13,402
6Personal Loan$150$4,385
6Credit 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.