KLOORA529 College Savings Calculator
Plan how much to save each month in a 529 plan to cover future college costs.
Quick answer: 529 College Savings Calculator: Plan how much to save each month in a 529 plan to cover future college costs. Everything runs in your browser, so nothing you enter is uploaded or stored.
How to use 529 College Savings Calculator
- Enter your values in the fields.
- The results update instantly as you type.
- Note or copy the numbers you need.
Features
- Instant results
- Free, no signup
- Runs in your browser, nothing is uploaded
- Works on phone and desktop
How it works
We grow the cost of each college year at the inflation rate you set, grow your current savings at the return rate, then solve for the monthly deposit that closes the gap.
Worked example
A 3 year old with 5,000 saved and 30,000 a year of college cost today faces about 229,000 for four years in 15 years, needing roughly 750 a month.
Good to know
Check state tax deductions for 529 contributions and the rules in your plan.
Frequently asked questions
What is a 529 plan?
A tax advantaged account for education. Earnings grow tax free and qualified withdrawals are tax free.
How fast does college cost rise?
Often 3 to 5 percent a year.
Is the 529 College Savings Calculator free?
Yes. It is free, needs no signup and works on any device.