College Savings Calculator
Savings Projection
Required Monthly Savings
Formula
FV = PV(1+r)^n + PMT × [((1+r)^n - 1) / r]; Required PMT = (Target - FV_current) × r / ((1+r)^n - 1)
Frequently Asked Questions
What is a 529 plan?
A 529 plan is a tax-advantaged savings plan designed for education expenses. Earnings grow tax-free, and withdrawals for qualified education expenses are also tax-free.
How much does college cost?
Average total 4-year costs range from about $100,000 for in-state public universities to $250,000+ for private universities, including tuition, room, board, and fees.
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