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College costs are rising significantly faster than the rate of inflation, but careful planning can keep then within reach. Our College Planning Calculator can help you determine if you're on the right track.

Remember, this calculator is designed for general planning only. We encourage you to experiment with the numbers to see how changing your assumptions might affect your ability to pay for college.
How many years until college begins?
How much do you currently have set aside for college?
How much do you expect to save for college each year?
What rate of return do you expect to earn on your college savings? If unsure, enter between 6% and 10%. %
How many years of college do you want to pay for?
What is the current annual tuition at the college you’re considering?
What is the current annual room and board at the college you’re considering?
How much do you expect college costs to increase each year? If unsure, enter 5%. %

     


Results:
Congratulations! Based on the information provided, you should be able to pay for college.


College Savings Projection
The graph below shows how your college savings would rise or fall relative to college costs over the years.

College Savings Projection: Another Look
Here's a tabular overview of where you might stand each year based on your assumptions. Note the impact withdrawals will have on your savings once college begins.


Pre-College Years

  Year     Savings    Tuition, Room and Board Costs 
 Now   $2,000.00   $10,000.00 
 1   $4,660.00   $10,500.00 
 2   $7,532.80   $11,025.00 
 3   $10,635.42   $11,576.25 
 4   $13,986.26   $12,155.06 
 5   $17,605.16   $12,762.82 
 6   $21,513.57   $13,400.96 
 7   $25,734.66   $14,071.00 
 8   $30,293.43   $14,774.55 
 9   $35,216.90   $15,513.28 
 10   $40,534.26   $16,288.95 
 11   $46,277.00   $17,103.39 
 12   $52,479.16   $17,958.56 
 13   $59,177.49   $18,856.49 
 14   $66,411.69   $19,799.32 
 15   $74,224.62   $20,789.28 
 16   $82,662.59   $21,828.75 
 17   $91,775.60   $22,920.18 
 18   $101,617.65   $24,066.19 


College Years

  Year     Savings    Tuition, Room and Board Costs 
 1   $82,456.00   $25,269.50 
 2   $60,396.86   $26,532.98 
 3   $35,140.22   $27,859.63 
 4   $6,358.62   $29,252.61 

For more information
If you have questions about saving for college, please contact us for advice.


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