529 College Savings Calculator
Plan your child's education fund with our free calculator. See projected growth, compare state tax benefits, and discover how much you can save with a 529 plan.
529 College Savings Calculator
Your Savings Projection
Projected 529 Savings
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Tax-free growth
vs. Taxable Account
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After capital gains taxes
State Tax Benefits
Annual Deduction Limit
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Annual Tax Savings
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Total Tax Savings
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Total 529 Plan Advantage
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Combined federal tax-free growth + state tax deduction benefits
Growth Over Time
Contribution Breakdown
Total Contributions
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Investment Earnings
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Why Choose a 529 Plan?
529 plans offer significant tax advantages that can help your savings grow faster
Tax-Free Growth
Your investments grow federal tax-free, and withdrawals for qualified education expenses are never taxed.
State Tax Deductions
Over 30 states offer deductions or credits for 529 contributions, reducing your state income tax bill.
High Contribution Limits
Most plans allow contributions over $300,000 per beneficiary, far exceeding other education savings options.
529 Plans by the Numbers
$450B+
Assets in 529 plans
35M+
Active accounts
30+
States with tax benefits
$10K
Annual gift tax exclusion
Essential 529 Guides
View All Guides →What is a 529 Plan? Complete Guide
Everything you need to know about tax-advantaged college savings
Read Guide →State Tax Deductions by State
Compare 529 plan tax benefits across all 50 states
Read Guide →529 vs Regular Savings Account
See how much more you can save with tax-free growth
Read Guide →Frequently Asked Questions
Quick answers to common 529 plan questions
What can 529 funds be used for?
529 funds can be used for qualified education expenses including tuition, fees, books, supplies, room and board, computers, and even student loan repayment (up to $10,000 lifetime). They cover K-12 tuition (up to $10,000/year), college, graduate school, and vocational schools.
Can I use any state's 529 plan?
Yes! You can invest in any state's 529 plan regardless of where you live. However, you may only get state tax deductions if you contribute to your home state's plan (though some states allow deductions for out-of-state plans too).
What if my child doesn't go to college?
You have several options: change the beneficiary to another family member, use the funds for qualified expenses at any educational institution (including trade schools), or withdraw the money (paying taxes and a 10% penalty on earnings only, not contributions).
Start Planning Today
Use our calculator above to see how much you could save with a 529 plan
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