Money Education · Education Planning
Education Funding Calculator
Calculates the amount of money needed to fund a child's college education — the lump sum required at the time the child enters college, and the annual savings needed to get there.
Inputs
That's a long time in school — please confirm this is correct.
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%
Tuition inflation has historically ranged from 6% to 8%.
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%
That's a high assumed return — please confirm this is correct.
Funding might occur from today until college begins, or continue through the college years — adjust this independently of the ages above.
Results
Funds needed in today's dollars
$0.00
Funds needed upon entering college
$0.00
Annual savings required
$0.00
To reach the $0.00 needed by the time your child starts school, plan to save about $0.00 per year for 20 years, assuming a 8.0% average annual return.
Assumes tuition inflates annually and is due at the start of each school year, and that annual savings payments are made at the end of each year; savings grow at the assumed earnings rate. This is an educational estimate, not a guarantee of future costs or returns.