College Savings: $100K Goal, $30K Already Saved, $250/Month
With $30,000 in existing savings and $250 per month at 6% return over 18 years, you could project to well over $150,000 — comfortably exceeding the $100,000 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.
A strong head start of $30,000 in college savings plus modest monthly contributions can build substantial wealth by the time a child enters college.
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.