: College Savings Planner . . . . . . . . . . . . . . . . . . . . . . . .

College Savings Planner

To use this system, simply enter the appropriate information in the fields below, then click the "Calculate" button.

Enter your Assumptions
1. Child's Current Age:	yrs
2. Age Child Starts College:	yrs
3. Current College Savings Balance:	$
4. Monthly Contributions to College Savings:	$
5. Current Annual College Cost: * Source: According to CollegeBoard.com Average college costs including tuition, fees, room and board for 2008-2009 are: 4-year private: $34,132 4-year public (in-state): $14,333 4-year public (out-of-state): $25,200	$
6. Estimated Annual Inflation Rate of College Costs:	%
7. Estimated Annual Rate of Return^**:	%

^** Values illustrated depend on assumptions used. Any change in hypothetical annual return will modify values illustrated. We recommend that you use multiple interest rate scenarios to illustrate the impact of various earnings rates over the projected period. Investments offering the potential for higher rates of return also involve a higher degree of risk to principal. Also, be aware that high rates of return are generally not sustainable over long periods of time.

This calculator is not intended to serve as legal or investment advice. All examples are hypothetical and intended for illustrative purposes only. Review the assumptions when applying any results to your own situation. The information used in the functions of the calculator is based on our interpretation of the current tax laws; such laws may change from time to time. Withdrawals of taxable amounts may be subject to ordinary income tax. Distributions may also be characterized as a taxable distribution that triggers Generation-skipping Transfer Tax (GSTT). You should periodically review your overall tax plan with your CPA. We cannot give legal advice.