What will it take to save for a college education?

An invaluable calculator to help determine savings goals for your student.

This tool calculates different combinations to save a lump sum amount to pay college expenses for a child or someone else. The calculator calculates the future cost of tuition based on the college cost inflation rate that you designate.

The calculator assumes you save with a taxable account. If you want to simulate saving with a tax-advantaged account, enter a zero in the fields for federal and state income tax rates.*

Tax-advantaged accounts to save for college tuition and other expenses include Section 529 plans and Coverdell education savings accounts (formerly called education IRAs).


*Tax-advantaged accounts may have restrictions on taking early penalty-free distributions. You may wish to consult a financial professional.