College Savings Calculator

Plan and fine-tune your education savings strategy for your child's future.

  • Methods explained
  • Save scenarios
  • Compare saved scenarios
  • Chart
  • Printable report

Child Information

5 years
18 years

College Cost

Estimated Annual Cost
$23,000/year
Duration
4 years
%

Your Savings

$
$
%

Savings Goal

100 %
Your Savings Goal
$131,659
100% of $131,659 total cost

College Cost Projection

Years Until College13
Future Annual Cost (Year 1)$31,706
Total Future Cost$131,659

Projected Cash Flow

Yearly college costs and projected savings balance over time

Savings Analysis

Projected Savings at College Start$140,085
Your Savings Goal$131,659
Shortfall$0
Status0
You're on track to meet your savings goal!

At your current savings rate, you'll have $140,085 saved by the time college starts.

How it works›

Model and assumptions. Inflates the selected education-cost estimate to enrollment and compares it with compound growth of the current balance and monthly deposits. Preset school costs are planning assumptions; use a current school estimate or custom cost. Returns, inflation and the covered share are entered assumptions, not an aid award.OpenStax: annuity formulas