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College Fund Calculator

Inputs

How old is your child now?

What age will your child start college?

Current estimated annual cost for tuition, fees, room, and board

How many years of college education to fund?

Expected annual increase in college costs

Average annual return on your college savings investments

Amount you have already saved for college

Scholarships, grants, and other sources that won't require savings

Results

Monthly Savings Required
Amount to save each month until college starts
Total College Cost
Years Until College
Total Amount Needed
Investment Growth
Total Out of Pocket
Formula
Monthly Savings = (FV - C - S) / ((((1 + r)^n - 1) / r) * (1 + r)) where FV = total needed, C = current savings growth, S = other funding, r = monthly return, n = months
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