College Savings Calculator

College costs inflate faster than consumer prices, so today's tuition is a poor guide to what a newborn will pay. The calculator projects the four-year bill at enrollment and converts it into a monthly deposit. The calculation follows Future cost = current cost × (1 + i)^years | Monthly = 4-year goal ÷ sinking-fund factor. A 32,000-per-year college at 4% education inflation costs 32,000 × 1.04^18 ≈ 64,780 per year in 18 years — about 259,000 for four years, requiring roughly 669 per month at a 6% return. The result updates instantly whenever you change an input, and every figure is shown in the same currency or units you entered, with no hidden conversion applied.

1. 1

   Step 1

   Enter the required figures for the College Savings Calculator in the fields above.

2. 2

   Step 2

   The tool applies Future cost = current cost × (1 + i)^years | Monthly = 4-year goal ÷ sinking-fund factor to your numbers automatically.

3. 3

   Step 3

   Read the result, shown in the same units you entered.

4. 4

   Step 4

   Adjust the inputs to compare scenarios side by side.

• Using today's tuition

• Assuming 8%+ returns

• Forgetting fees and housing