Save $100,000 for College: $500/Month Over 15 Years
Contributing $500 per month with no existing savings at 6% annual return over 15 years projects to approximately $146,000, exceeding a $100,000 college goal.
How to use this tool
- Enter college savings goal, current savings, monthly contribution, expected annual return and years until enrollment in the fields above.
- Results update instantly as you type — or click Calculate.
- Read your projected balance at enrollment and the full breakdown beneath it.
Find out how $500 per month in a college savings account could help you reach a $100,000 goal over 15 years at a 6% return.
Frequently asked questions
- What is a 529 plan?
- A 529 is a tax-advantaged savings plan for education expenses. Contributions are after-tax but growth and qualified withdrawals are federal tax-free.
- What if I overshoot my goal?
- 529 funds can be rolled to a Roth IRA (lifetime limit applies) or used for another family member's education costs.