Saving for College Calculator

Chesapeake Financial Planning & Tax Svcs
Elizabeth Bennett, MBA,CFP®
Financial Planner
71 Old Mill Bottom Road
Suite 201
Annapolis, MD 21409
410-974-0410
Beth@chesapeake-financial.com
www.chesapeake-financial.com

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

College inflation typically runs 3% to 5% per year.

Years until child starts college

Number of years in college

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

Percentage of costs you want to fund

*Securities offered through SagePoint Financial Inc., member FINRA/SIPC. Advisory, insurance and tax services offered through Chesapeake Financial Planning & Tax Services, Inc. a registered investment advisor not affiliated with SagePoint Financial, Inc.

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