College Savings Calculator
Our College Savings Calculator helps you plan for future education expenses with a comprehensive approach. Project college costs, determine monthly savings goals, and compare different savings strategies to fund education for your children or grandchildren.
Enter your information below to create a personalized college savings plan and see if you're on track to meet your education funding goals.
Student Information
College Cost Information
Savings Information
Financial Aid & Scholarships
College Savings Summary
Savings Growth Projection
| Year | Child's Age | Annual Contribution | Interest Earned | Total Savings |
|---|
Savings Strategies
529 College Savings Plan
Tax-advantaged investment account specifically designed for education expenses. Earnings grow tax-free and withdrawals are tax-free when used for qualified education expenses.
Best for: Long-term college savings with tax benefits
Coverdell Education Savings Account
Tax-advantaged investment account that allows for tax-free withdrawals for qualified education expenses, including K-12 expenses. Limited to $2,000 annual contribution.
Best for: K-12 and college expenses with more investment flexibility
UGMA/UTMA Custodial Account
Account held in a child's name but managed by an adult until the child reaches the age of majority. Not limited to education expenses.
Best for: Flexibility in how funds can be used
Roth IRA
While primarily a retirement account, contributions (not earnings) can be withdrawn penalty-free for qualified education expenses.
Best for: Dual-purpose savings for both retirement and education