College Savings Calculator
The college savings calculator helps you figure out your savings goal to fund your child’s college costs. Input your child’s age and information about current savings and type of college. Get a recommendation of how much you need to save additionally to achieve your college savings goal.
How many children do you have?
Child 1
View/ Edit Assumptions
Net Annual Return of College Savings
Annual Growth Rate in College Fees
How to use the college savings calculator
Enter basic information about (1) your child’s age, (2) amount you have saved for college so far, (3) ongoing contributions.
Think about what kind of college education you want to fund. (1) Public In-state (2) Public Out of State or private. Or you can enter your own custom value.
Enter the percentage of your child’s college education that you plan to fund.
You can edit the assumptions for (1) college fees growth rate and (2) rate of return on college savings funds.
Results: You will see the (1) total monthly savings you need to contribute, and (2) additional monthly savings needed above your current contributions.
You can also try different scenarios by adjusting the percentage you wish to fund or changing the type of college and see how much you need to save under different scenarios.
College Fees Average for 2023-24
| In-State Public | Out-Of-State Public | Private | |
|---|---|---|---|
| Tuition | 11,260 | 29,150 | 41,540 |
| Room & Board | 12,770 | 12,770 | 16,450 |
| Books & Supplies | 1,250 | 1,250 | 1,250 |
| Transport | 1,290 | 1,290 | 1,290 |
| Other | 2,270 | 2,270 | 2,270 |
| Total-Annual | 28,480 | 46,730 | 61,000 |
| Total 4-Year Cost (Tuition-Only) | 45,040 | 116,600 | 166,160 |
| Total 4-year Cost (All-Inclusive) | 115,360 | 186,920 | 244,000 |
Learn more about how you can save for college with our college savings calculator.