College Savings Calculator

1. Current Annual Costs:*
2. Number of Years in College:
3. Amount You've Already Put Aside:
4. Your Child's Age Now: 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24
5. College costs will increase 0 0.5 1 1.5 2 2.5 3 3.5 4 4.5 5 5.5 6 6.5 7 7.5 8 8.5 9 % a year
6. Your investments will return 0 0.5 1 1.5 2 2.5 3 3.5 4 4.5 5 5.5 6 6.5 7 7.5 8 8.5 9 % a year after taxes.
7. Your child will enter college at age 16 17 18 19 20 21 22 23 24

1. Four years of college will cost
2. (a) The future value of your investment is
3. (b) Your annual contribution needs to be

This calculator is provided for illustrative purposes only and is not intended to be representative of actual results. The information has been obtained from sources believed to be reliable, but we do not guarantee its accuracy. Investment results can vary considerably depending on the type of securities involved, general market conditions and other factors.

* According to the Annual Survey of Colleges, The College Board, New York, NY., the national average for the 2005-2006 school year is $12,127 for public school resident students and $29,026 for private college resident students, which includes room, board and tuition.

(a) Based on assumptions used, this will be your college savings pool when your child enters college.

(b) Amount to add to college savings fund at the start of each year.