529 College Savings Calculator
See if your 529 plan will cover college costs. Get an inflation-adjusted 4-year cost estimate, funding gap, monthly contribution needed, and state tax savings.
Child & College
529 Account
Projected Balance
$91,785
at age 18
Total College Cost
$196,565
4-yr inflation-adj
Shortfall
$104,780
additional needed
Monthly Needed
$697.68
to fully fund
How Your Balance Grows
$8,000
Starting balance
$46,800
Your contributions
$36,985
Investment growth
| Year | Age | Contribution | Growth | Balance |
|---|---|---|---|---|
| 2027 | 6 | $3,600 | $560 | $12,160 |
| 2028 | 7 | $3,600 | $851 | $16,611 |
| 2029 | 8 | $3,600 | $1,163 | $21,374 |
| 2030 | 9 | $3,600 | $1,496 | $26,470 |
| 2031 | 10 | $3,600 | $1,853 | $31,923 |
| 2032 | 11 | $3,600 | $2,235 | $37,758 |
| 2033 | 12 | $3,600 | $2,643 | $44,001 |
| 2034 | 13 | $3,600 | $3,080 | $50,681 |
| 2035 | 14 | $3,600 | $3,548 | $57,828 |
| 2036 | 15 | $3,600 | $4,048 | $65,476 |
| 2037 | 16 | $3,600 | $4,583 | $73,660 |
| 2038 | 17 | $3,600 | $5,156 | $82,416 |
| 2039 | 18 | $3,600 | $5,769 | $91,785 |
State Tax Deduction Benefit
Contributing up to $3,000/yr may qualify for a state income tax deduction. At a 5% state rate, that's an estimated $1,950 in state tax savings over 13 years.
529 deduction rules vary by state — verify your state's specific rules at your state's 529 plan website.
Close the Gap
Adding $397.68/mo more to your 529 would fully fund Public (In-State) at the current projections. You have 13 years — compounding is on your side.
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