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Saving for College Calculator
Saving for College Calculator
This calculator projects the future cost of college and illustrates how your savings, if any, match up for each year of college. If there is a funding shortfall, the calculator shows that amount each year, and calculates both the monthly savings amount and the lump-sum amount needed to eliminate the shortfall.
Projected Costs
Current annual cost of college
$
College cost inflation rate
0%
1%
2%
3%
4%
5%
6%
7%
8%
College inflation typically runs 3% to 5% per year.
Years until child starts college
1 year
2 years
3 years
4 years
5 years
6 years
7 years
8 years
9 years
10 years
11 years
12 years
13 years
14 years
15 years
16 years
17 years
18 years
Number of years in college
1 year
2 years
3 years
4 years
5 years
6 years
7 years
8 years
How Your Savings Match Up
Current college savings
$
Monthly contribution to savings
$
Number of years contributions will be made
Expected rate of return on savings
0%
1%
2%
3%
4%
5%
6%
7%
8%
9%
10%
Percentage of costs you want to fund
%
Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC. Member FINRA/SIPC. Infinex and the bank are not affiliated. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.
NOT FDIC-INSURED. NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY. NOT GUARANTEED BY THE BANK. MAY GO DOWN IN VALUE.
Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2021.