529 College Savings Planner
Plan monthly savings before college and annual withdrawals during college, allowing for rising costs and a different return while spending the account.
- Methods explained
- Save scenarios
- Compare saved scenarios
- Chart
- Printable report
Savings and college assumptions
Savings target
Withdrawals with your current savings plan
| College year | Opening balance | Cost to fund | 529 withdrawal | Other funding needed | Ending balance |
|---|---|---|---|---|---|
| 1 | $84,559 | $38,403 | $38,403 | $0 | $47,541 |
| 2 | $47,541 | $39,363 | $39,363 | $0 | $8,424 |
| 3 | $8,424 | $40,347 | $8,424 | $31,923 | $0 |
| 4 | $0 | $41,355 | $0 | $41,355 | $0 |
Contributions arrive at month-end and stop at enrollment. Costs are paid at the start of each college year; the remaining balance earns the assumed return. Returns are assumptions, not forecasts. Exclude costs covered by tax-free scholarships or used for education tax credits from the 529-funded share to avoid counting the same expenses twice.
Assumes withdrawals pay qualified higher-education expenses and receive federal tax-free treatment. State deductions, credits, recapture, gift-tax rules, nonqualified withdrawals and Roth rollovers are not modeled.
Estimate the current 529 balance's FAFSA impact · IRS qualified tuition program rules
Projection
How it works›
Model and assumptions. Compounds savings to enrollment, inflates education costs, and withdraws the covered share during college using a separate return assumption. It assumes qualified withdrawals. State tax benefits, recapture, gift-tax elections, nonqualified withdrawals and Roth rollovers are excluded.IRS Publication 970OpenStax: annuity formulas