College Savings Calculator
See how a 529 plan grows with monthly contributions and compound growth.
What is a college savings calculator?
A college savings calculator shows how monthly contributions to a 529 plan grow with compound returns. Example: saving $200 a month at 6% for 10 years grows to $32,775.87.
How to use it
Enter the monthly contribution, expected annual return and years until college, then tap Calculate.
Formula
Future value = monthly payment × ((1+r)^n − 1) ÷ r, where r is the monthly return and n is the number of months. For $200 a month at 6% for 10 years, r is 0.5% and n is 120, so the future value is $32,775.87. You paid in $24,000, so the growth is $8,775.87.
Frequently Asked Questions
How much will $200 a month grow to in 10 years at 6%? $32,775.87.
How much did I pay in? $24,000 over 10 years.
What is a 529 plan? A 529 plan is a US savings plan for education costs, with tax benefits that vary by state.