529 College Savings Calculator
A 529 plan grows tax-free for education, but only if you contribute enough. This calculator projects your balance by the time college starts and compares it to estimated costs.
How this calculator works
The calculator compounds your current balance and monthly contributions at the assumed return rate until college starts, then compares the projected balance to the estimated cost. If the projection falls short, the shortfall is what tuition, scholarships, loans, or a higher contribution will need to cover. A diversified age-based portfolio historically returns about 6–7% before inflation, and 529 earnings are federal-tax-free when used for qualified education expenses.
Frequently asked questions
What is a 529 plan?
A state-sponsored investment account for education. Contributions grow tax-free, and withdrawals are tax-free at the federal level (and in most states) when used for qualified expenses like tuition, fees, room and board, and books.
What if my child does not go to college?
The beneficiary can be changed to another family member, and since 2024, unused funds can be rolled into a Roth IRA for the beneficiary, up to $35,000 over a lifetime, subject to income requirements.
Which state's 529 should I use?
Many states offer a tax deduction for contributions to your home state's plan. If yours does not, compare plans nationwide for low fees and good investment options — you are not limited to your own state's plan.
Disclaimer: Results are estimates for general information only and do not constitute financial, tax, or legal advice. Figures reflect 2026 rules and may change. Always confirm current limits and consult a qualified professional before making decisions. Official figures: IRS.gov · 2026 limits per IRS tax inflation adjustments.