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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

Total Contributed$41,000
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 starting values to generate a projected timeline or schedule. The calculator will build a period-by-period breakdown so you can see how values change over time.
  2. Child's Current Age — Age of the child in years. Accepts values from 0 to 17 (default: 3).
  3. College Start Age — Age when the child starts college. Accepts values from 16 to 22 (default: 18).
  4. Current 529 Balance — Amount currently saved. Accepts values from $0 to $1,000,000 (default: $5,000).
  5. Monthly Contribution — Amount contributed each month. Accepts values from $0 to $5,000 (default: $200).
  6. Expected Annual Return — Expected average annual investment return. Accepts values from 0 % to 15 % (default: 6 %).
  7. Projected College Cost — Total estimated cost for 4 years of college. Accepts values from $0 to $1,000,000 (default: $200,000).
  8. Once all inputs are set, review your results in the Results panel. Here's what each output means:
  9. Projected Savings — shown as a dollar amount. This is the primary result of this calculator.
  10. Total Contributed — shown as a dollar amount.
  11. Investment Growth — shown as a dollar amount.
  12. Shortfall / Surplus — shown as a dollar amount.
  13. % of Goal — shown as a percentage.
  14. View the 529 Plan Growth vs Goal below for a visual breakdown of how the numbers relate to each other.
  15. Explore the related calculators below if you need deeper analysis or want to approach this topic from a different angle.
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