Education Fund
Enter your child's age and education cost estimates.
Monthly savings needed
$0
Total college cost: $0
Years until college
0
Total college cost
$0
Current savings will grow to
$0
Still needed
$0
Monthly savings needed
$0
Total contributions
$0
Worked example
With the default inputs shown below, this calculator returns the following results:
| Input | Value |
|---|---|
| Child's age | 5 |
| Current annual college cost ($) | $25,000 |
| Years of college | 4 years |
| Current savings ($) | $5,000 |
| Expected return (%) | 6% |
| Cost inflation (%) | 5% |
| Result | Value |
|---|---|
| Monthly savings needed | $817/mo |
| Years until college | 13 |
| Total college cost | $203,185 |
| Current savings will grow to | $10,886 |
| Still needed | $192,298 |
| Total contributions | $127,411 |
Values shown are produced by this page in your browser; change any input to update them.
How to use the Education Fund
- Child's age — default 5
- Current annual college cost ($) — default $25,000
- Years of college — default 4 years
- Current savings ($) — default $5,000
- Expected return (%) — default 6%
- Cost inflation (%) — default 5%
- Press Calculate to update the results instantly.