TIAA

College Savings Planning Calculator

Use this calculator to help create a plan for saving for college.

This planner takes into account the current age of your child and when he/she plans to start college, your savings goals, the estimated future cost of college and other important factors. Explore different scenarios and find a plan that works for you. If you have more than one child, simply hit reset, clear the data, and start a new plan.

1. Tell Us About Your Child

WHAT IS YOUR CHILD'S FIRST NAME? (OPTIONAL)
WHAT IS YOUR CHILD'S CURRENT AGE?
WHAT AGE DO YOU EXPECT YOUR CHILD TO START COLLEGE?
HOW MANY YEARS DO YOU EXPECT YOUR CHILD TO ATTEND COLLEGE?

2. Tell Us About The College Your Child May Go To

SELECT THE TYPE OF SCHOOL YOUR CHILD MAY GO TO:
DO YOU WANT TO INCLUDE THE COST OF ROOM AND BOARD OR TUITION AND FEES ONLY?
CURRENT ANNUAL COLLEGE COSTS
ESTIMATED ANNUAL INFLATION RATE FOR EDUCATION COSTS

3. Tell Us About Your Savings

DO YOU PLAN TO SAVE MONTHLY OR YEARLY?
HOW MUCH DO YOU PLAN TO SAVE EACH MONTH?
HOW MUCH DO YOU CURRENTLY HAVE SAVED?
HYPOTHETICAL AVERAGE ANNUAL RATE OF RETURN
WHAT PERCENTAGE OF YOUR CHILD'S EDUCATION DO YOU PLAN TO FUND?
100%

4. Tell Us About Your State and Federal Tax Rates

WHAT IS YOUR STATE TAX RATE?
WHAT IS YOUR FEDERAL TAX RATE?
WHAT IS YOUR MAXIMUM 529 STATE TAX DEDUCTION / CREDIT?

Set a goal of $ to cover % of your child's education

  • $0

    Based on your selected school and education cost inflation rate.

  • $0

    Based on your goal to fund % of the total cost.

  • $0

    Great Job! You'll reach 100% of your goal at your current rate of saving.

  • $0

    Remember every bit counts. It's more important to save what you can, even if it's less than planned.

  • $0

    Earnings, if any, from your 529 account grow free from federal and state taxes.

COST OF COLLEGE

YOUR GOAL

AMOUNT SAVED

Important Information About Your Calculations

320385

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