The calculator below will show when you could reach financial independence as a student loan borrower.

Enter info about your assets, expenses, and loans below, and you'll see the projected number of years until your passive income could replace the income from your job. You can also download a more powerful copy of this calculator as a spreadsheet.

What's your household income?

What's your family size?

What's your household student debt?

What payment plan are you using?

Percent of student debt from grad school? (0% to 100%)

%

What's your savings rate?* *Note: this is the percent of your income going to loans, savings, investing, retirement, home equity, and business equity

%

User's Investment Return Assumption

%

User's Withdrawal Rate Assumption *Note: Usually 3% to 5%

%

What year did you start paying back your student loans?

What's the best interest rate you think you could get on your student loans?

%

How many years do you think it would take you to pay back your student loans?

Are you pursuing PSLF?

Do you want to forecast your income automatically at 3% annual growth or enter it manually?

Your 2024 Taxable Income (AGI)

Your 2025 Taxable Income (AGI)

Your 2026 Taxable Income (AGI)

Your 2027 Taxable Income (AGI)

Your 2028 Taxable Income (AGI)

Your 2029 Taxable Income (AGI)

Your 2030 Taxable Income (AGI)

Your 2031 Taxable Income (AGI)

ASSETS

How much do you have in cash?

How much do you have in investing + retirement accounts?

How much do you have in home equity?

How much do you have in business equity, investment property equity, or alternative assets?

EXPENSES

How much do you spend monthly on housing / your mortgage?

How much do you spend monthly on cars / vehicles?

How much is your typical monthly credit card bill?

Annual Passive Income Needed
Years Until Financial Independence
Would you like to see what happens if you change your savings rate?
New savings rate assumption %

Detailed financial independence calculations (show)

Year Income unadjusted for loan payments Annual Student Loan Payment Annual amount contributed to Savings, Retirement, Investments, Home + Business Equity Hypothetical Portfolio Amount owed on student loans Hypothetical Net Worth Potential Income from investments
2024
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2075


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