Calculate the monthly contribution required to cover future college costs.
Calculate College Savings
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How to Use This Calculator
Enter child’s age, current savings, and expected total college cost.
Frequently Asked Questions
What is a 529 plan?
A 529 plan is a tax-advantaged savings plan designed to encourage saving for future education costs.
What is the main benefit of the College Savings Calculator?
The College Savings Calculator gives parents a realistic monthly savings target to cover escalating university tuition costs.
Does the College Savings Calculator account for tuition inflation?
Tuition rises faster than standard inflation. You should factor a higher future cost into the College Savings Calculator to be safe.
Should I use the College Savings Calculator for a 529 plan?
Yes! The College Savings Calculator is perfect for determining how much to contribute to a tax-advantaged 529 education plan.
What return rate is safe for the College Savings Calculator?
Because the timeline is shorter than retirement, use a conservative 4-6% in the College Savings Calculator.