Maximize your 529 savings potential and visualize future college funds. Empower your planning and feel confident about your child's education journey.
You’ve got this—saving for college doesn’t have to be overwhelming.
The calculator uses monthly compounding and assumes contributions are made at the end of each month.
A 529 college savings plan is a tax-advantaged investment vehicle designed to help families save for higher education expenses.
Learn more at SavingforCollege.com.
This calculator estimates the future value of your 529 savings based on four key inputs:
We assume monthly contributions with monthly compounding.
FV = P(1 + r/n)^(nt) + PMT × [((1 + r/n)^(nt) - 1) / (r/n)]Where:
Estimated Balance: $66,524.77
FV ≈ 2,000*(1 + 0.06/12)^(12*18) + 150*[((1 + 0.06/12)^(12*18) - 1) / (0.06/12)]Estimated Balance: $27,125.40
FV ≈ 0 + 400*[((1 + 0.05/12)^(12*5) - 1) / (0.05/12)]For more on compound interest, see Wikipedia.
Start planning smarter—use the calculator now to see how today’s savings can shape your child’s future.
| Initial Contribution | Monthly Contribution | Years | Rate of Return | Final Balance |
|---|---|---|---|---|
| $1,000 | $100 | 10 | 5% | $23,423.11 |
| $5,000 | $200 | 15 | 6% | $73,419.88 |
| $0 | $250 | 18 | 7% | $106,953.92 |
| $10,000 | $0 | 12 | 4% | $15,800.92 |
| $500 | $50 | 8 | 3% | $5,929.37 |
| $2,000 | $0 | 18 | 0% | $2,000.00 |
| $0 | $0 | 10 | 5% | $0.00 |
| $1,000 | $100 | 5 | -2% | $6,676.42 |