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College Savings Planner

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Client Information

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Financial Consultant Information

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Zip

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Get personalized insight into how a tax-advantaged 529 plan can help your family save for college. Use the calculator below to help your family understand future college expenses and estimate how much to save in order to stay on track with your college savings goals.

The information entered is only used within the calculator and not for any other purpose. For further information about our privacy policy please click here.

The purpose of the calculator is to provide investors with a reasonable estimate of the amount that their college savings could generate under hypothetical market scenarios over a period of time.

The calculator can provide information about three variables:

  • The initial investment needed to reach a goal;
  • The periodic investments needed; and
  • The total or "target" amount that a given investment approach may generate over time.

Material limitations include:

  • For the purposes of this calculator, college costs include tuition, fees, and room & board as supplied to the College Board and DST Systems, Inc. (DST) from the institutions. The average costs are based on two and four year, public and private colleges for each state and nationally. National average costs include tuition & fees, and room & board. National Average Cost Data: ©2017 The College Board, “Trends in College Pricing 2016” Individual College Cost Data: ©2017 DST Systems Inc.
  • This calculator assumes that overall college costs (education cost inflation) will increase each year by the rate you selected for each child's costs, with a default of 6%. The impact of inflation on higher education expenses is uncertain and the rate of inflation could exceed the rate of return on your investments. Inflation is assumed constant, so variations are not reflected in

    our calculations.

  • This calculator also allows you to enter your hypothetical average annual rate of return. You may wish to choose a conservative hypothetical annual rate of return. The default is 6% should you not choose a specific return.
  • Taxes are not taken into account. The effect of federal tax laws may vary depending whether the assets are used for qualified educational expenses and who receives the benefit of the distribution. State tax laws also vary, and you should check with your tax adviser regarding the effect of your state's tax law on any 529 distribution.

The cost figures provided are solely estimates, not guarantees, and actual increases may be higher.

IMPORTANT: The projections or other information generated by the T. Rowe Price College Savings Planner regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. The simulations are based on assumptions. There can be no assurance that the projected or simulated results will be achieved or sustained. The charts present only a range of possible outcomes. Results will vary with each use of the calculator and over time, and such results may be better or worse than the simulated scenarios. Clients should be aware that the potential for loss (or gain) may be greater than demonstrated in the simulations.

The results are not predictions, but they should be viewed as reasonable estimates. Calculator illustrations are produced by DST.

The T. Rowe Price College Savings Plan is offered by the Education Trust of Alaska. You should compare this Plan with any 529 college savings plan offered by your home state or your beneficiary's home state and consider, before investing, any state tax or other benefits that are only available for investments in the home state's plan. Please read the Plan Disclosure Document which includes investment objectives, risks, fees, charges and expenses, and other information, carefully before investing. For other important legal information, please read the Plan's Privacy Policy. T. Rowe Price Investment Services, Inc., Distributor/Underwriter.

College Savings Planner


Category: Savings

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