How much should I be saving for college?

With college costs increasing, 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.
Current Savings and Assumptions
Annual college cost inflation (%) 
Amount saved so far ($)help
NameCurrent AgeCollege Start AgeYears AttendingAnnual Cost
Assumptions
Before-tax return (%)help
Marginal tax bracket (%)help
Annual increases (%) 
This calculator is an educational tool you can use to help estimate your future financial needs, based on variables you have selected. It cannot predict future returns or results, nor should you use past performance to predict future results. Financial decisions should not be made based on the results provided by this calculator. Always consult with your financial, tax or legal counsel before making such decisions. Generally speaking, investments that offer the potential for higher rates of return also involve a higher degree of risk.

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