How much should I be saving for college?

With college costs increasing at twice the rate of inflation, it is important to start saving early. Interest working for you now in a regular savings program is much better than having interest work against you in the future in the form of education loans. Use our college savings calculator to determine how much you should be saving for college on a regular basis.
Current Savings and Assumptions
Annual college cost inflation (%) 
Amount saved so far ($)help
NameCurrent AgeCollege Start AgeYears AttendingAnnual Amount
Assumptions
Before-tax return (%)help
Marginal tax bracket (%)help
Annual increases (%) 
Note: This information is not intended by The Guardian Life Insurance Company of America (Guardian), Berkshire Life Insurance Company of America (Berkshire), The Guardian Insurance & Annuity Company, Inc. (GIAC), Park Avenue Securities LLC (PAS), Guardian Investor Services (GIS), or any of their affiliates, its subsidiaries employees or agents to be considered tax or legal advice. In addition, this information does not represent any investment or other financial product and is for illustrative purposes only. This financial calculator and the financial information provided to you is for general information and education purposes only. The calculator is intended to be used as only one of many tools to assist you in identifying information and issues to be considered in planning for financial security. Please keep in mind that it is possible to lose money and not achieve the objectives of this calculator. Please consult your tax or legal advisor for guidance and information specific to your situation. Dividends on insurance policies and returns on investment are neither estimated nor guaranteed. Actual dividends and returns on investment may be higher or lower than the results attained in the hypothetical calculations.

Guardian, Berkshire, GIAC, PAS, GIS and its affiliates or subsidiaries are not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these calculators.

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Any rate of return entered into the calculator to project future values should be a reasonable average return for the period. Rates of return will vary over time, and generally the higher the rate of return the higher the degree of risk.

The information provided here is to assist you in planning for your future. The accuracy of this calculator and its applicability to your circumstances is not guaranteed. Any analysis is a result of the information you have provided. Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary therefore, the information should be relied upon when coordinated with individual advice from qualified professionals.

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