College Savings: $200K Goal, $20K Saved, $600/Month for 15 Years
With $20,000 already saved and $600 per month at 6% return over 15 years, the projected college savings balance is approximately $215,000.
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.
Aiming to cover four years at a private university? See how $20,000 in savings plus $600 per month stacks up over 15 years.
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.