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College Savings Calculator

Saving for a child's education requires a long-term plan. And, like saving for retirement, the earlier you start the plan the better. Use this college savings calculator to figure savings goals for your student.

College savings plan

In these calculations the education cost of inflation is 0.67%
Total savings expense: $267,894

You will exceed your savings goal

You only need to make a monthly contribution of $2,604 to meet your goal

College savings goal
$267,894
Extra savings
$21,128

Balance and Expenses by Year

Line chart with 2 lines.
The chart has 1 X axis displaying Year number.
The chart has 1 Y axis displaying Thousands of dollars. Data ranges from 0 to 124324.51882069289.
End of interactive chart.

Total Costs by Child

Bar chart with 1 bar.
The chart has 1 X axis displaying Education cost.
The chart has 1 Y axis displaying Thousands of dollars. Data ranges from 267893.5437965794 to 267893.5437965794.
End of interactive chart.

High Yield Checking and Savings Account Rates