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Resource Center College Savings Calculator
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Resource Center College Savings Calculator

College Savings Calculator

College Savings Calculator

Saving for college, even a small amount each month, will provide your family with more resources and opportunities when it’s time to send your child to school. This tool will help you estimate the total amount of savings you will have available based on your monthly savings plan.

Start by indicating your current savings total, and then select your child’s age or grade, and the amount you plan to save on a monthly basis. The calculation will provide you the total amount you’ll have available when your child becomes college age. After using this calculator, create an account in our College Planning Tool, which can help you create a personalized college savings plan for every child in your family.

Estimate Your Savings

Estimate Your Savings

Cost Breakdown

Savings When Your Child Turns 18 Will Be*
Contributions
Interest Earned

*This calculator assumes consistent monthly saving until the child is 18 and an annual investment return of 7%. The 7% investment growth rate and the estimating savings are only used as an example and are not guaranteed nor intended to predict or project the investment performance of any security. Market conditions may change at any time.

Learn More About College Savings Plans