College Savings (529) Calculator
Plan your child's college fund. See how much to save monthly with 529 plan projections.
Projected Savings at 18
$0
College Cost Target
$120,000
Shortfall
$120,000
Needed Monthly to Hit Target
$279/mo
Formula
Future Value = PV(1+r)ⁿ + PMT × ((1+r)ⁿ - 1) / rPlanning for College
The average 4-year college costs $100,000-$200,000+. A 529 plan lets money grow tax-free when used for education. Starting early is key — even small monthly contributions compound significantly over 18 years.
Frequently Asked Questions
What is a 529 plan?
A tax-advantaged savings plan for education expenses. Earnings grow tax-free when used for qualified education costs.