Important Information About Your Calculations

The results presented are hypothetical illustrations and may not reflect the actual growth, if any, of your investment in a particular 529 plan. Any hypothetical rate of return used does not reflect actual performance or predict future results of the program. Rates of return will vary over time. Investments that seek to achieve higher rates of return are more volatile and involve a higher degree of risk. The calculator takes into account tax variables based upon what you select. There may be limitations or restrictions on eligibility for tax benefits depending on the tax code in your state of residency.

These calculations do not constitute investment advice. As your financial situation changes, you should review your investment goals, time period for college investing, and personal financial situation and reassess whether you are investing enough to meet your college savings goals. You may want to consult with a qualified advisor before making an investment.

The calculations do not reflect management, administrative, and other fees associated with 529 plans. If these fees had been reflected, any growth of the total contribution during the same investment period would have been lower.

What is your Federal Tax Rate?

Your Marginal Federal Tax Rate is the rate at which the IRS taxes your last dollar of income. Federal tax rates vary from 10% to 37%. For guidance in estimating your federal income tax rate, check your most recent federal income tax forms, or use the following 2023 rates.

Filing Status	Income	Income	Income	Income	Income	Income	Income
Individuals	$0 to $11,000	$11,000 to $44,725	$44,725 to $95,375	$95,375 to $182,100	$182,100 to $231,250	$231,250 to $578,125	$578,125 or more
Married Filing Jointly	$0 to $22,000	$22,000 to $89,450	$89,450 to $190,750	$190,750 to $364,200	$364,200 to $462,500	$462,500 to $693,750	$693,750 or more
Tax Rate	10%	12%	22%	24%	32%	35%	37%

Filing Status

Income

Individuals

$0 to $11,000

$11,000 to $44,725

$44,725 to $95,375

$95,375 to $182,100

$182,100 to $231,250

$231,250 to $578,125

$578,125 or more

Married Filing Jointly

$0 to $22,000

$22,000 to $89,450

$89,450 to $190,750

$190,750 to $364,200

$364,200 to $462,500

$462,500 to $693,750

$693,750 or more

Tax Rate

10%

12%

22%

24%

32%

35%

37%

Calculate the cost of college

To receive information that could help you establish a savings plan, input information about your child’s age, their tentative college plans, your savings goals and other important factors.

529 fact

If you have more than one child or want to see how different inputs factor into your plan, simply hit reset, clear the data and start again.

*Indicates required field

1 Tell Us About Your Child

What is your child's first name?

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:

OR Look Up School

Do you want to include the cost of room and board or
tuition and fees only?

Include room & board

Tuition & 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?

Monthly

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? ^*

Look Up

$0
Estimated Total Education Costs
Based on your selected school and education cost inflation rate.
$0
Amount You Plan to Fund
Based on your goal to fund [%] of the total cost.
$0
Amount You'll Have Saved Towards Goal
Great Job! You'll reach 100% of your goal at your current rate of saving.
$0
Additional Amount You'll Need To Save
Remember every bit counts. It's more important to save what you can, even if it's less than planned.
$0
Amount to Be Funded in Other Ways
Based on your current rate of saving and your funding goal.
$0
Potential 529 Tax Savings
Earnings, if any, from your 529 account grow free from federal and state taxes. Potential tax savings does not reflect benefits of any state income tax deduction for plan contributions.

Cost of College

Your Goal

Amount Saved

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Important Information About Your Calculations

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Important Information About Your Calculations

What is your Federal Tax Rate?

Lookup Specific School

Search by State or School Name

Look up maximum 529 State Tax Deduction / Credit

What is your state of residence? *

Select the state that sponsors the plan in which you are choosing to invest in *

What is your marital / filing status? *

Calculate the cost of college

529 fact

1 Tell Us About Your Child

What is your child's first name?

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? *

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? *...

$0

$0

$0

$0

$0

$0

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What is your state of residence? ^*

Select the state that sponsors the plan in which you are choosing to invest in ^*

What is your marital / filing status? ^*

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? ^*

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 ^* ...

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? ^*

What is your State Tax Rate? ^*

What is your Federal Tax Rate? ^*

What is your maximum 529 State Tax Deduction / Credit? ^*...

Start Saving Today!
It only takes 15 minutes.