529 college savings calculator: current balance, monthly contributions, years until enrollment, and expected return—projected balance, growth vs contributions chart.
How it works
A 529 or education fund grows tax-advantaged when used for qualified expenses—the earlier you start, the more compounding does the heavy lifting. Example: $8,000 today plus $200/month for 12 years at 6.5% annual return projects to roughly $55,000–$60,000, with about $37,000 from your contributions and the rest from market growth (returns are not guaranteed).
Frequently asked questions
What if college costs rise faster than my return?
Tuition inflation often outpaces general CPI—pair this projection with our inflation calculator and stress-test at 0% return or higher contribution amounts. A $200/month plan may need $250/month if school costs rise 5% while your portfolio averages 6%.
What happens if my child does not go to college?
Unused 529 funds can transfer to another beneficiary, pay up to $10,000 in student loans, or roll into a Roth IRA within limits—but non-qualified withdrawals may trigger income tax plus a penalty on earnings. Rules vary by country and plan; confirm before withdrawing.
Is 6.5% a realistic long-term return?
Many 529 age-based portfolios target roughly 5–7% over long horizons but swing year to year. Run scenarios at 4% (conservative) and 8% (aggressive) to bracket outcomes—near enrollment, plans often shift to bonds and lower expected return.