How this calculator works
Each year of college is priced at today’s cost increased by college inflation until that year.
Your current savings, for example in a 529 plan, are grown to the start date at your expected return.
The gap is spread into equal monthly savings that also earn the return until college starts.
Use the full cost of attendance (tuition, fees, housing and food) for the schools you are considering.
Worked example
$30,000 a year today, starting in 10 years, 4% inflation
- Four years cost about $188,600 in total.
- $15,000 saved grows to about $24,400 at 5%.
- Closing the gap needs about $1,060 a month for 10 years.
Questions people ask
What is a 529 plan?
A tax-advantaged education savings account. Growth is tax-free when used for qualified education costs, and many states give a deduction for contributions.
Do families really pay the full price?
Many don’t: grants and scholarships lower the net price. Each college’s net price calculator estimates it for your income.
How much does college inflation run?
Published prices have historically risen faster than general inflation, though increases have slowed in recent years. 3% to 5% is a common planning range.
Should I save for college or retirement first?
Many advisers say retirement first, since students can borrow for college but no one lends for retirement.
Last reviewed October 2, 2026