Free College Savings Calculator to estimate how much you need to save for future education costs. Calculate monthly contributions, growth with interest, and stay on track for your college fund goals. Use our free College Savings Calculator to estimate how much you need to save for tuition, fees, and living expenses. Plan your child’s education funding with confidence.
Steps to Use the College Savings Calculator
Enter the total estimated cost of college (tuition, housing, fees).
Input the number of years until enrollment.
Add your current savings (if any).
Set the expected annual interest rate (investment return).
Click Calculate Savings Plan to see required monthly or yearly savings.
It depends on tuition, living costs, and years left to save. A calculator helps estimate the required monthly amount.
Use a conservative expected return (4–6%) if you’re investing in mutual funds or 529 college savings plans.
Yes, subtract expected scholarships and financial aid from your total cost estimate.
Starting late means you’ll need to save more per month or accept a smaller fund.
Yes, in the U.S., 529 plans provide tax advantages, but regular savings or investment accounts can also work.
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