529 College Savings Calculator

Estimate How Much You Need to Save for Your Child’s College Education

This calculator will help you come up with a savings plan to cover the future cost of college for your child based on current national averages and annual inflation. If you already have a school in mind, you can input the current tuition for that specific school to see if you’re on track.

When you invest through a 529 account, you won’t owe any taxes on your earnings or withdrawals if you use the funds for eligible educational expenses. You also might qualify for state-specific tax breaks on your contributions. These are major advantages of 529 accounts.

For more information, check out my post: 529 Plans for Sky High College Costs.

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Step 1: Child Information

Name Child’s Age / Grade * School Type *

Step 2: Expenses & Inflation

Include: Personal Expenses Books Room & Board Tuition Inflation (% Hypothetical) *

Savings Goal (% of Future Cost) * 40%

Step 3: Savings Plan

Existing Savings Balance Lump Sum Contribution This Year

Monthly Contribution Annual Contribution

Rate of Return (% Hypothetical) *

529 College Savings Calculator

Step 1: Child Information

Step 2: Expenses & Inflation

Step 3: Savings Plan

Results