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College Savings (529 Plan) Calculator

Plan for college costs with 529 tax-advantaged savings

Child's Current Age

years

Current 529 Savings

Monthly Contribution

Expected Annual Return

College Cost per Year (Today)

College Cost Inflation Rate

Estimated College Cost

$176,224

Total for 4 years in 13 years

Projected 529 Savings

$113,364

At age 18

Funding Status

64.3%

of estimated need

Projected Shortfall

$62,860

Additional funding needed

Tax Savings Estimate

$3,090

From state tax benefits

Tax-Free Growth: Earnings grow federal tax-free for qualified education expenses
State Tax Benefits: Many states offer tax deductions on contributions
High Contribution Limits: Most states allow $300K+ total contributions
Flexible Use: Can be used for K-12 tuition ($10K/year) and student loans ($10K lifetime)
Control: Account owner maintains control, not the beneficiary

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