Saving for college with a 529 plan
A 529 plan is a tax-advantaged savings account designed to help families save for future education costs. This calculator projects the future value of your plan based on your current balance, ongoing monthly contributions, and an assumed rate of return.
How it works
Each month, the calculator adds your contribution and applies the monthly-equivalent of your expected annual return, compounding over the number of years until your child starts college.
This tool is for general educational and planning purposes only, not tax or investment advice. Actual 529 plan rules, tax benefits, and investment performance vary by state and provider.
Last reviewed August 2026