![]() ![]() It highlights how much money you save - and how quickly you can pay off your debts - when upping your monthly payments. You Can Deal With It, a site geared toward students and recent grads, also has a useful debt repayment calculator. We love this calculator because it also shows you exactly how much interest you save by tackling those debts. Based on that, it provides various repayment strategies, as well as how long it will take you to pay off your debt. Then, add in how much money you think you can afford to pay monthly. First, enter the balance and interest rates of all of your debts. In addition, it suggests which ones to pay off first.Ĭredit Canada also offers a debt repayment calculator. This calculator is perfect for anyone carrying different types of debts. ![]() Having lots of debts with various interest rates can make your brain spin. This is important if you want to set yourself up for a more comfortable retirement. The Debt.ca Debt Repayment Calculator is a great tool to help manage your debt. Want to see how you can achieve a debt-free future? There are a number of calculators you can use to help with financial and retirement planning. The truth is, with some effort and self-restraint, you can crush your debt. And this can be a real problem, particularly in retirement. So often, those of us who get in over our heads look at our debt as a mountain too tall to climb. This helps you get an even better picture of your retirement finances. Old Age Security (OAS) and the Canadian Pension Plan (CPP) are included in the overall amount. If you want to see what your retirement income looks like, including government benefits, have a look at the Canadian Retirement Income Calculator. Then, it breaks down how your current savings efforts can help you meet that goal. Sun Life Financial Canada’s retirement calculator allows you to plug in a specific savings goal for retirement, plus your TFSA and RRSP. Some of the more comprehensive calculators include Morneau Shepell’s PERC – Personal Enhanced Retirement Calculator, Get Smarter About Money’s Retirement Cash Flow Calculator, and MoneyPages RRSP-RRIF Converter.
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