AbraCalc

Save $100,000 for College Starting at Birth (18 Years)

Calculate how much you need to save monthly to reach a $100,000 college savings goal for a newborn over 18 years at 6%.

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How to use this tool

  1. Enter college savings goal, current savings, monthly contribution, expected annual return and years until enrollment in the fields above.
  2. Results update instantly as you type — or click Calculate.
  3. Read your projected balance at enrollment and the full breakdown beneath it.

Starting college savings at birth gives you 18 years for contributions and compound growth to reach your $100,000 goal.

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.