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.
What's your household income?
What's your family size?
What's your household student debt?
What's your savings rate?* *Note: this is the percent of your income going to loans, savings, investing, retirement, home equity, and business equity
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User's Investment Return Assumption
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User's Withdrawal Rate Assumption *Note: Usually 3% to 5%
%
What year did you start paying back your student loans?
Are you pursuing PSLF?
Do you want to forecast your income automatically at 3% annual growth or enter it manually?
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 |
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Would you like to see what happens if you change your savings rate?
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| New savings rate assumption | % |
