College Savings (529) Calculator
Project future college costs, estimate how far your 529 plan will go, and see how much you may need to increase monthly contributions to fully cover tuition.
529 Savings & Growth
Assumes monthly contributions and steady annual return, compounded monthly, until the first year of college.
College Cost Assumptions
“Annual cost” can include tuition, fees, room/board, and other recurring expenses. Inflation rate is your best-guess future tuition growth.
Funding Coverage
Status: Underfunded (large gap)
Coverage compares the 529 balance at college start to the sum of projected costs across all college years (in future dollars).
What Monthly Contribution Do You Need?
This assumes the same return rate and cost inflation and aims to have your 529 roughly match the total 4-year cost. In reality, you may keep some funds invested during college years.
Year-by-Year Projection
| College Year | Projected cost (future $) | Covered from 529 | Shortfall | 529 remaining after year |
|---|---|---|---|---|
| Year 1 | $36,936 | $36,936 | $0 | $12,825 |
| Year 2 | $38,783 | $12,825 | $25,958 | $0 |
| Year 3 | $40,722 | $0 | $40,722 | $0 |
| Year 4 | $42,758 | $0 | $42,758 | $0 |
This assumes you pay each year's cost from the 529 at the beginning of the year, with no additional growth during college. More advanced versions can model ongoing investment returns and partial withdrawals.
This calculator is for planning and education only. Actual college costs and investment returns will vary. Work with a financial professional before making major decisions.