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How much do I need to save for college?

How much do I need to save for college?

How much do I need to save for college?

This calculator computes the amount you need to save each month in order to pay for college.

Todays yearly tuition

Years of college

Amount you have now

Years until college begins

Expected interest rate

Expected inflation rate

Show deposit schedule

In 8 years, 4 years of college will cost $76,845.56. At this rate, you would need to save $517.76 each month to reach the $76,845.56 goal.

Calculator tips

This calculation assumes the following.

  • You will continue to save during the years of college attendance.
  • The amount you have now is deposited at the beginning of this month.
  • Your monthly deposits start at the beginning of next month.

Calculator disclaimer

The information provided by these calculators is intended for illustrative purposes only and is not intended to purport actual user-defined parameters. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results.

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