College Savings (529) Calculator
Plan for your child's education with college cost inflation factored in.
Child Information
College Costs
Average public: $25K, private: $55K
Historical average: 5-7% annually
Your Savings
Understanding 529 Plans
Tax advantages: 529 plans offer tax-free growth and tax-free withdrawals for qualified education expenses. Many states also offer tax deductions for contributions.
Flexible use: Funds can be used for tuition, room & board, books, computers, and K-12 tuition (up to $10,000/year).
Transferable: If one child doesn't use all the funds, you can transfer to another family member or even use for your own education.
Start early: Time is your greatest asset. Starting when your child is young gives compound growth more time to work.
This calculator provides estimates for educational purposes only.