529 College Savings Calculator
Your college fund, projected against the cost.
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Your Results
Projected balance$59,163.80
Estimated cost$120,000.00
Shortfall (if any)$60,836.20
Average 4-year public college cost is roughly $110k-$130k today (tuition, room, board). Private schools run higher.
Frequently Asked Questions
Is a 529 worth it?
Earnings grow tax-free and withdrawals for qualified education expenses are tax-free — plus many states offer a tax deduction on contributions. It's the best college savings vehicle for most families.
What return should I assume?
Age-based 529 portfolios blend stocks and bonds. Expect 5-7% for long horizons, less as the child nears college.
Does my state give a 529 tax deduction?
Most states offer a state income tax deduction or credit for 529 contributions — 30+ states do, with limits usually between $5k-$20k per year per beneficiary. A few (like California and New Jersey) don't, but you can still use any state's plan.
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