College Savings Calculator (529 Plan)

Calculate how much to save for your child's college education

Child's Current Age: 5Expected College Start AgeCurrent 529 Savings ($)Monthly Contribution ($)Expected Annual Return (%)Years of CollegeCollege Type

Projected total cost by 2038 (with 5% annual tuition inflation)

$219,439

⚠️ Gap

$47,089

Projected savings

Gap: $172,350

vs cost

To fully fund 4 years of college, save:

$932/month

🏦 529 Plan Benefits

✅ Tax-free growth — investments grow without federal taxes
✅ Tax-free withdrawals for qualified education expenses
✅ State tax deduction in many states for contributions
✅ Transfer to siblings if one child doesn't need it
✅ Roth IRA rollover — up to $35,000 unused funds can roll to Roth IRA (new 2024 rule)
✅ Covers tuition, room & board, books, and other qualified expenses

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Educational estimate only. Tuition projections are estimates using 5% annual inflation. Actual costs vary by institution. Consult a financial advisor. 529 rules vary by state.