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College Cost Calculator

Today's Annual College Cost — or select average

Cost Increase Rate (%/yr)

Duration (years)

% from Savings

Current Savings ($)

Investment Return (%)

Tax Rate on Returns (%)

Use 0% for 529 plan

College starts in (years)

Total Future College Cost

$217,573

Needed from Savings

$108,786

Current Savings (grown)

$17,908

Savings Gap

$90,878

Monthly Savings Needed

$554.54

Year-by-Year Projected Costs

Year	Annual Cost	From Savings	From Other
Year 1	$50,479	$25,240	$25,240
Year 2	$53,003	$26,502	$26,502
Year 3	$55,654	$27,827	$27,827
Year 4	$58,436	$29,218	$29,218

529 Plans

529 plans grow tax-free when used for qualified education expenses — set tax rate to 0% above. Contributions up to $18,000/year ($36,000 for couples) can be made without gift tax implications.

Estimate future college costs with inflation, savings growth, and 529 plan tax benefits.