529 College Savings Calculator

This college savings calculator combines a college cost calculator with a 529 college savings calculator. Obtain a personalized projection of your future college costs, and potential scholarship and grants, by entering your child's age, the type of college you're saving for, and your household income. You can adjust your current savings and ongoing monthly contributions to see how your savings could grow over time and the percentage of total college costs your savings will cover.

1. Enter your asumptions

College Cost

$
$
% / yr

Savings

$
$
%

2. Your results

What to expect
How to save
Find a 529 plan

3. Take action

Your state’s 529 plan

Good news! Your state offers the following 529 plan(s):

    Our featured plans

    You are not limited to your own state’s plan. Here are some other 529 plans available in your state.

    Learn more about 529 plans

    We analyze plans across the country each quarter and identify the best performing 529 plans for you. Whether you're looking for the lowest-fee 529 plans, the top-rated plans, or plans with high returns, these 529 plan rankings are a great place to start.

    See the best 529 plans
    Glossary

    Summary of using 529 plans for college expenses
    • Federal tax-free treatment of 529 plans applies to any funds withdrawn to cover qualified higher education expenses (QHEE) or K-12 tuition.

    • The earnings portion of non-qualified withdrawals is subject to federal income tax, as well as an additional 10% penalty.

    How much do you need to save for college expenses?

    This calculator is designed to help you create the most effective funding strategy to cover your expected college costs using a 529 plan. Note that attendance costs and scholarship availability can vary considerably from school to school. This college savings calculator allows you to estimate costs based on school types (e.g., in-state public universities), which represent national averages.

    Potential 529 state tax benefits
    • Some states offer tax deductions for contributions to a 529 plan, which could further increase projected college savings if you invest your tax benefits. Read more about state tax benefits for 529 plans, and estimate your state tax savings with our Tax 529 Calculator.

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    Saving For College is an unbiased, independent resource for parents and financial professionals, providing them with information and tools to understand the benefits of 529 college savings plans and how to meet the challenge of increasing college costs.

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