How Much Should I Be Saving For College?

With college costs increasing every year, 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 ($)

Name	Current Age	College Start Age	Years Attending	Annual Amount

Assumptions

Before-tax return: (%)

Marginal tax bracket: (%)

Annual increases: (%)

The results and explanations generated by this calculator may vary due to user input and assumptions. New York LIfe Insurance Company does not guarantee the accuracy of the calculators, explanations, nor applicability to your specific situation. We recommend that you use this calculator as a guideline only and you ultimately seek the guidance of an experienced professional.