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529 College Savings Calculator

Estimate how much you need to save for college and see how your 529 plan contributions can grow over time.

3
017
18
1622
$
4 years
2 years6 years
4%
0%8%
$
$
6%
0%12%

Projected Total Cost

$267,667

$63,033/yr in 15 years

Projected Savings

$111,787

At age 18

Funding Gap

$155,880

Shortfall

Projected Coverage42%

Additional Monthly Needed

$536

To fully fund college

College costs keep rising while your child is enrolled, so each year of college is priced at that year's cost. A 529 plan offers tax-free growth for education expenses. Consider in-state vs out-of-state costs and scholarship potential.

Create a full plan

Create a free plan to see your complete financial picture

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Planning for College Costs

Why start saving early?

College prices have risen more slowly lately: published tuition went up about 3 - 4% in 2025-26, close to general inflation, after decades of rising much faster. Starting when your child is born gives you 18 years of compound growth. Even modest monthly contributions of $200 - 300 can grow to $80,000+ over that period.

What is a 529 plan?

A 529 plan is a tax-advantaged savings account designed for education expenses. Contributions grow tax-free, and withdrawals for qualified education expenses (tuition, room and board, books) are also tax-free. Many states offer additional tax deductions for contributions.

How much does college actually cost?

For 2025 - 2026, average published tuition and fees are about $11,950 for in-state public universities and $45,000 for private nonprofit universities (College Board). Add room, board, books and living expenses and four-year totals run from about $124,000 (in-state public) to $262,000 (private). Use the calculator above to plan for your specific situation.

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