Education Fund Calculator
Accounts for current savings, years until needed, and expected growth.
Required Monthly Saving
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Future Value of Current Savings
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Frequently Asked Questions
Should I use a 529 plan?
In many jurisdictions 529 / education-savings plans offer tax advantages; this calculator works for any account.
What return should I assume?
Conservative: 4-5% for near-term goals; 6-7% for goals 10+ years out, with decreasing risk as the date approaches.
What if I fall short?
Increase monthly contributions, extend the timeline, or lower the target cost (e.g., start at a public university).
Worked Examples
$120k in 15y, $10k saved, 6%
Need ≈ $360/month to close the gap.
Start earlier
Same goal over 18 years drops the required saving to ≈ $270/month.
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⚠️ Disclaimer
Educational tool only. Outputs are illustrative estimates, not financial advice. Investing involves risk including loss of capital.