Note: This interactive calculator is intended as an educational tool, not investment advice. The information presented is not intended to advise you of strategies applicable to your specific situation but rather to highlight issues for your own consideration. Therefore, you should always consult your financial or tax advisor. Your own goals will help you develop a specific financial strategy.
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You will have saved enough for college in %RESULT_SYEARS% years.
To afford college in %RESULT_YEARS% years, you will need to save %RESULT_NSAVE% %RESULT_PERIOD% or supplement savings with loans, grants, scholarships or money earned while attending college.
Saving Tip: You can reduce the time it takes to reach your savings goal by increasing the amount you save on a regular basis. This will also increase the interest you earn on your savings.
Enter expected cost of college
Enter the years until college
Enter your expected interest on saving
Enter your average deposit for the given deposit frequency