Debt Calculator

Debt Repayment

How soon can I pay off my debt?

Quick and easy

Do you have debts that you need to pay off? Creating a repayment plan is a step in the right direction, but it's important you know how much you can afford to repay and how soon you will have repaid it.

Made for you

The debt calculator allows you to model repaying a debt in a specific timeframe or repaying a set amount.

Smart investment

Starting repayments now could help you be debt free sooner - the longer you take to repay the money, the higher the amount of interest you will need to repay too.

Current and compliant

Even small repayments could make a difference to your future!

Repayment Results

I want to know...

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?
 
 
?
 
 
?
?
 
 
Debt balance
Interest

Please choose your goal to start.

Repayments are not large enough to pay off debt.

Total debt

XX,XXX.XX (XX,XXX.XX / day)

Total interest

XX,XXX.XX

Debt free in

dd/mm/yyyy

Expected payment

XX,XXX.XX
Debt balance
Payments
Interest

Please choose your goal to start.

Repayments are not large enough to pay off debt.

Total debt

XX,XXX.XX (XX,XXX.XX / day)

Total interest

XX,XXX.XX

Debt free in

dd/mm/yyyy

Expected payment

XX,XXX.XX
Year Payments Interest Balance
Repayments are not large enough to pay off debt.

Information

Now that you've seen how you could repay your debt, it's time to take action!

Even small repayments could make a big impact!

Try the Small Change, Big Savings calculator and see how giving up just a few everyday items could free up some finances to begin your repayment goals or save more towards your retirement.

For more information go to www.LincolnFinancial.com/Retirement

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Disclaimer & Assumptions

Disclaimer

This calculator carries out calculations based on the data you input and assumptions about the future such as inflation rates and interest rates. None of us can predict the future, so please remember that the results shown by the calculator are for illustration purposes only and do not guarantee any future outcome. Your actual debt repayment is likely to differ from the estimated figures shown.

While considerable effort has been made to validate the calculations used, the accuracy of the calculations cannot be guaranteed and the results are for illustration purposes only.

Any choices you make or data that you enter while using the calculator are erased once you have finished using the calculator. However, you have a responsibility to ensure that you exit the website when you are finished with the calculator, especially if you leave your computer for any length of time.

The calculator should be used in conjunction with other available communications and not as the sole source of information when making decisions about your personal finances.

You may wish to seek independent financial advice before making any personal finance decisions.

Assumptions

Repayments

Repayments are assumed to be added as regular, after-tax monthly contributions. The calculator assumes all repayments are made without additional tax or fees.

Interest

Simple interest is applied to auto and federal student loans. Interest is compounded daily for credit card debt.

This educational tool performs a general analysis of your potential savings based on limited information you provide. These results should not be the sole basis for your financial decisions and are not intended to serve as investment advice.

This tool provides a hypothetical illustration for informational purposes only. This illustration is not intended to reflect the actual performance of any investment vehicle and does not include any investment fees or expenses. Rate of Return values for this hypothetical analysis are neither guaranteed nor projected and are not intended to represent the future performance of any actual financial product. All investments involve risk, including possible loss of principal.

This material is provided by The Lincoln National Life Insurance Company, Fort Wayne, IN, and, in New York, Lincoln Life & Annuity Company of New York, Syracuse, NY and their applicable affiliates (collectively referred to as “Lincoln”). This material is intended for general use with the public. Lincoln does not provide investment advice, and this material is not intended to provide investment advice. Lincoln has financial interests that are served by the sale of Lincoln programs, products and services. Any output is based on the information and assumptions that you provided and/or that your financial professional discussed, and does not reflect any suggestion or recommendation by Lincoln for you or your investment situation.

Lincoln Financial Group® affiliates, their distributors, and their respective employees, representatives, and/or insurance agents do not provide tax, accounting, or legal advice. Please consult your own independent advisor as to any tax, accounting, or legal statements made herein. Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates.

LCN-5787149-070323

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Compound Interest Calculator

Figures

Your Results
Total Debt Burdern0
Total Interest0
Debt free in0
Expected payment0
Your Inputs
Amount Owed
Repayment
Payoff Time
Paying
Interest Rate
lincoln-finance/1.0.3r0

Disclaimer & Assumptions

Disclaimer

This calculator carries out calculations based on the data you input and assumptions about the future such as inflation rates and interest rates. None of us can predict the future, so please remember that the results shown by the calculator are for illustration purposes only and do not guarantee any future outcome. Your actual debt repayment is likely to differ from the estimated figures shown.

While considerable effort has been made to validate the calculations used, the accuracy of the calculations cannot be guaranteed and the results are for illustration purposes only.

Any choices you make or data that you enter while using the calculator are erased once you have finished using the calculator. However, you have a responsibility to ensure that you exit the website when you are finished with the calculator, especially if you leave your computer for any length of time.

The calculator should be used in conjunction with other available communications and not as the sole source of information when making decisions about your personal finances.

You may wish to seek independent financial advice before making any personal finance decisions.

Assumptions

Repayments

Repayments are assumed to be added as regular, after-tax monthly contributions. The calculator assumes all repayments are made without additional tax or fees.

Interest

Simple interest is applied to auto and federal student loans. Interest is compounded daily for credit card debt.

This educational tool performs a general analysis of your potential savings based on limited information you provide. These results should not be the sole basis for your financial decisions and are not intended to serve as investment advice.

This tool provides a hypothetical illustration for informational purposes only. This illustration is not intended to reflect the actual performance of any investment vehicle and does not include any investment fees or expenses. Rate of Return values for this hypothetical analysis are neither guaranteed nor projected and are not intended to represent the future performance of any actual financial product. All investments involve risk, including possible loss of principal.

This material is provided by The Lincoln National Life Insurance Company, Fort Wayne, IN, and, in New York, Lincoln Life & Annuity Company of New York, Syracuse, NY and their applicable affiliates (collectively referred to as “Lincoln”). This material is intended for general use with the public. Lincoln does not provide investment advice, and this material is not intended to provide investment advice. Lincoln has financial interests that are served by the sale of Lincoln programs, products and services. Any output is based on the information and assumptions that you provided and/or that your financial professional discussed, and does not reflect any suggestion or recommendation by Lincoln for you or your investment situation.

Lincoln Financial Group® affiliates, their distributors, and their respective employees, representatives, and/or insurance agents do not provide tax, accounting, or legal advice. Please consult your own independent advisor as to any tax, accounting, or legal statements made herein. Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates.

LCN-5787149-070323

lincoln-finance/1.0.3r0