College Planning
Education Savings Calculator
Plan how much to save for your child’s college education. Calculate required monthly savings and projected 529 plan growth.
4-year public: ~$28K/yr; private: ~$58K/yr
College costs rise ~5%/year historically
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Fill in the fields and click Calculate.
For educational purposes only. College cost projections are estimates. Actual costs, financial aid, and scholarship availability will vary.
What is a 529 plan? +
A 529 plan is a tax-advantaged savings account designed for education expenses. Contributions grow tax-free and withdrawals are tax-free when used for qualified education expenses (tuition, room and board, books, computers). Some states offer a deduction for contributions. Money not used for education can be rolled over to a Roth IRA (up to $35,000 lifetime under SECURE 2.0).