Project how an education fund grows before your child starts college, with regular contributions and compounding.
How the College Savings Calculator works
The calculator projects an education fund from current savings plus monthly contributions, compounded at an expected return until college begins.
Example calculation
$5,000 plus $300 a month at 6% for 15 years projects to roughly $93,000 for education costs.
Tips for using the College Savings Calculator
- A 529 plan grows tax-free for qualified education costs.
- Start early to let compounding work.
- Revisit contributions as tuition estimates rise.
College Savings Calculator — frequently asked questions
- What is a 529?
- A tax-advantaged US account for education costs; earnings grow tax-free for qualified expenses.
- Will it cover tuition?
- Compare the projection with rising tuition estimates; you may need to adjust contributions.
- What is a 529 plan?
- A US tax-advantaged account where investment growth is tax-free for qualified education expenses.
- Will this cover full tuition?
- Compare the projection with rising tuition estimates and adjust contributions.
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