Plan for tuition. Enter the total cost you are aiming for, how many years you have, any savings you already have and an expected return, and the tool shows the monthly and yearly amount to save. These results are estimates for general information only and are not financial, investment or tax advice. Actual figures depend on the terms of your lender or provider and your local tax rules.
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How to Use the College Savings Calculator
Enter the total cost you are saving for, the number of years until it is needed, any current savings and an expected return, then press Calculate.
What the numbers mean
Monthly saving needed is what you must set aside each month.
Yearly saving needed is the monthly amount times twelve.
Your current savings grow at the expected return before the gap is worked out.
If current savings already cover the target, the monthly amount is shown as zero.
Tips
Tuition often rises faster than general inflation, so consider increasing the target. A longer horizon lowers the monthly amount.
Features
Monthly and yearly saving needed for a tuition target
Takes current savings and a return into account
Shows the projected value of what you already have
Choose your currency and copy the result
All processing runs locally in your browser. Your data is not uploaded to any server.
These results are estimates for general information only and are not financial, investment or tax advice. Actual figures depend on the terms of your lender or provider and your local tax rules.