College Savings (529) Calculator
Estimate the future cost of college and how much to save each month in a 529 plan or savings account to cover it.
For information and education only — not financial advice. Results are estimates based on the numbers you enter; check important decisions with a qualified professional.
How to use
- 1Enter your child's age, the yearly college cost today and the number of years of study.
- 2Enter current savings, expected return and college cost inflation.
How it's calculated
Cost at enrollment = today's cost × (1 + college inflation)^years, summed over each year of study. Monthly saving solves the future-value equation for the remaining gap.
Frequently asked questions
What does college cost?
For 2024–25, published average tuition, fees, housing and food were roughly $25,000 a year at in-state public universities and $60,000 at private ones (College Board).
How fast do college costs rise?
Historically faster than general inflation — often 3–5% a year. Recent years have been closer to 2–3%.
What's special about a 529 plan?
Investment growth is tax-free when used for qualified education expenses, and many states give a tax deduction for contributions.