Everyday numbers, solved
Calculate 529 plan growth for college savings. See projected value at age 18 from monthly contributions.
Money
Project how your 529 plan grows from monthly contributions until your child turns 18.
Projected value at age 18
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Assumes monthly contributions at the start of each month and a fixed return. 529 earnings grow tax-free when used for qualified education expenses.
How it works
Quick answer: Saving $200 a month in a 529 plan from age 5 at a 6% return grows to about $47,089 by age 18. You contribute $31,200; growth adds $15,889.
Value at 18 = balance × (1 + r)^n + monthly × ((1 + r)^n − 1) ÷ rr is the annual return ÷ 12 and n is the number of months until age 18.
Child age 5, $200 a month, $0 saved, 6% a year: $47,089 at 18 ($31,200 contributed, $15,889 growth).
| Monthly contribution | Value at 18 | Growth | Open |
|---|---|---|---|
| $100 | $23,545 | $7,945 | Open |
| $200 | $47,089 | $15,889 | Open |
| $300 | $70,634 | $23,834 | Open |
| $500 | $117,724 | $39,724 | Open |
| $750 | $176,585 | $59,585 | Open |
A tax-advantaged savings account for education; earnings grow tax-free for qualified expenses.
It depends on the college cost target and years left - this calculator shows the projected result.
Yes, up to $35,000 over the beneficiary's lifetime if the account has been open more than 15 years, within the yearly Roth IRA limit.