Pure batch solution. Doesn't require Powershell, Administrator privileges or any other dependencies. Five lines to save your day. Should work on Windows XP and above.

::SimplePass v1.00 by Yuzree Esmera

@echo off
setlocal enableextensions enabledelayedexpansion
(set /p $pass=Password:Esc[?25lEsc[8m)
echo Esc[28m[Esc?25hPassword=!$pass!
(echo off|clip) & (set $pass=) & (doskey /reinstall)