College Savings Calculator
Calculate how much to save for college with a 529 plan or other savings.
Child Information
College Details
Savings Plan
Assumptions
3% (Conservative)10% (Aggressive)
2%8%
Projected Savings by Age 18
$69,526
36.9% of projected college costs covered
Projected College Costs
Current Annual Cost$25,000
Future Annual Cost$47,141
Total (4 years)$188,565
Savings Breakdown
Current Savings Growth$10,665
Monthly Contributions FV$58,862
Investment Earnings$25,526
Goal Analysis
Shortfall$119,038
Required Monthly$756
Years to Save13 years
Est. Annual Tax Savings~$150
529 Plan Benefits:
- Tax-free growth and withdrawals for education
- Many states offer tax deductions on contributions
- High contribution limits (typically $300k+)
- Can be used for K-12 tuition (up to $10k/year)
- Unused funds can be transferred to family members