529 Plan Growth Projection

Tax-advantaged 529 college savings: monthly contribution + growth over years.

Inputs

Diversified 529 portfolio avg ~6-8%/yr long-term.

Result

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How to use this calculator

  • Enter starting + monthly + years + return.

About this calculator

529 plans grow tax-free for qualified education expenses (tuition, room/board, books). Many states offer income tax deduction on contributions. $300/mo from birth at 7% growth = ~$129k by age 18 (vs. $64.8k contributed). After 2024 SECURE 2.0, leftover 529 funds can roll into Roth IRA (subject to limits + 15-year holding period). Best for parents who can lock funds for education or kids' future. Source: IRS Pub 970, SEC 529 plan guide.

Frequently asked

529 tax benefits?+
Federal: tax-free growth + qualified withdrawal. State: 30+ states offer income tax deduction on contributions.
What if kid doesn't use it?+
Options: change beneficiary (sibling, self, other relative), convert to Roth IRA (post-SECURE 2.0), or withdraw with 10% penalty + tax on earnings.
Investment risk?+
Most plans offer age-based glide-path (more aggressive young, conservative near college). Safer than DIY but less control.
Pre-paid tuition vs. savings?+
Pre-paid: lock in current tuition rate (only certain state schools). Savings: invest, more flexible. Most use savings.
Best plans?+
Check Morningstar 529 ratings. Vanguard NV/NY 529, Utah my529, NH UNIQUE — top-rated low-fee.

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