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Calcimator

529 College Savings Calculator

Project your 529 college savings plan balance. See if you're on track to meet your college savings goal with monthly contributions and compound growth.

Inputs

$
$
%
$

Summary

Projected Savings

$70,434.21

≈ 6 years of state college

Total Contributed$41,000.00
Investment Growth$29,434.21
Shortfall / Surplus$129,565.79
% of Goal35.2%

529 Plan Growth vs Goal

How to Use This Calculator
  1. Enter your child's current age and the age at which college starts.
  2. Input your current 529 balance and monthly contribution amount.
  3. Set the expected annual return (%) for your investment portfolio.
  4. Enter the projected total 4-year college cost.
  5. Review Projected Savings, Total Contributed, Investment Growth, and any Shortfall or Surplus.

How the result changes with College Start Age

College Start AgeProjected Savings
17$64,018.57
18$70,434.21
20$84,477.00
21$92,154.47

What each input means

Child's Current Age
Age of the child in years.
College Start Age
Age when the child starts college.
Current 529 Balance
Amount currently saved.
Monthly Contribution
Amount contributed each month.
Expected Annual Return
Expected average annual investment return.
Projected College Cost
Total estimated cost for 4 years of college.

How this is calculated

Worked example, using the default values

  1. Identify Input Parameters
    4 parameters
    Child's Current Age = 3, College Start Age = 18, Current 529 Balance = 5000, Monthly Contribution = 200 = 6 input(s) provided
  2. Calculate Projected Savings
    70434.21 = $70,434.21
  3. Calculate Total Contributed
    Total Contributed
    41000 = $41,000
  4. Calculate Investment Growth
    Investment Growth = Math
    29434.21 = $29,434.21

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