Savings plan estimator

This calculator assumes a 6% annual investment return and a 5% annual tuition growth, compounded annually. Annual contribution will assume the sum of 52 weekly contributions and will be calculated at the start of the year, not the end. Interest calculations will consider the full year of contributions. Total tuition is the adjusted tuition rate, summed for the total number of years specified by the college type. Public two-year school (in-state) – commuting (cost $3,990 annually), public four-year school (in-state) – living on campus (cost $24,030 annually), private four-year school – living on campus (cost $56,190 annually). The tuition rates for each college type are averages from ©2023 The College Board, “Trends in College Pricing and Student Aid 2023.”