College costs are on the rise. Securing your child's education starts with planning. A 529 plan is a powerful tool to help you save for college and qualify for potential tax benefits. Use our calculator to estimate your savings goals based on your child's age and desired college costs.
Your 529's projected value in 18 years
$431,933
Cost for 4 years
Public in-state
$105,314
Public out of state
$271,852
Private college cost
$379,283
The calculator assumes a steady rate of investment return (7%) and an education inflation rate (4.2% - 4.86%) based on the type of institution to estimate asset value appreciation and future tuition costs. Calculation assumes that college age is 18 so the asset accumulation period is 18 less the child's age. Tuition costs and inflation rates are based on a US News study for the tewnty years between 2004 and 2024 at national universities. This calculator is for information purposes only and shall not constitute financial or tax advice. Investing comes with inherent risks and you should always invest within your means and risk tolerance. Past performance is not an indication of future returns and you should always consult a financial advisor prior to making investment decisions.
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