College Savings Calculator (529 Plan)
Plan your child's education savings with tax-advantaged 529 plans.
Your Situation
Savings Projection
Years Until College
13
Projected Savings
$$47324.91
Total College Cost
$$188564.91
Coverage
25.1%
Shortfall Detected
Estimated shortfall: $$141240.00. Consider increasing monthly contribution to $$596.89/month.
529 Plan Benefits
Tax-Free Growth
Earnings grow tax-free when used for qualified education expenses
State Tax Deduction
Estimated tax savings: $$1560.00 (varies by state)
High Contribution Limits
Most states allow $300,000+ per beneficiary
Cost Estimates
Current costs: Public ~$25,000/year, Private ~$55,000/year, Community ~$15,000/year. Costs include tuition, fees, room & board. Assumes 5% annual inflation. 4-year degree shown. Graduate school costs significantly more.