Annual college cost (current): $

Amount already put aside: $

Number of years child will be in college: 

Child's age now:  0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

Child's age when entering college:  16 17 18 19 20 21 22 23 24

College costs will increase (% a year):  0 0.5 1 1.5 2 2.5 3 3.5 4 4.5 5 5.5 6 6.5 7 7.5 8 8.5 9

Investments will return (% a year after taxes):  0 0.5 1 1.5 2 2.5 3 3.5 4 4.5 5 5.5 6 6.5 7 7.5 8 8.5 9

Entire cost of college will be: $

Future value of your investment will be: $*

Your annual contribution needs to be: $**

* Based on assumptions used, this will be your college savings pool when your child enters college.
** Amount to add to college savings fund at the start of each year.

This calculator is provided for illustrative purposes only and is not intended to be representative of actual results. Investment results can vary considerably depending on the type of securities involved, general market conditions and other factors.