College Savings Calculator
Estimate the future cost of college and the monthly saving needed after accounting for current savings and investment growth.
Calculation breakdown
How the college savings estimate works
The calculator inflates today’s annual college cost to each future college year, totals those projected costs, grows current savings to the start date, and then estimates the monthly contribution needed to close the remaining gap.
Actual tuition, aid, scholarships, taxes and investment returns can differ substantially, so use several scenarios rather than one forecast.
Frequently asked questions
Why can college inflation differ from general inflation?
Tuition and education costs can change at a different rate than broad consumer prices.
Does this include financial aid?
No. Enter the cost you expect your family to fund after any aid assumptions.
Are investment returns guaranteed?
No. The return is only a planning assumption.
Results are estimates for informational purposes only. Verify important financial, tax, real-estate or investment decisions with a qualified professional.