529 Plan Growth Projection
Tax-advantaged 529 college savings: monthly contribution + growth over years.
Result
Balance at year 18
$147,533
Contributed: $69,800; growth: $77,733.
- Initial$5,000
- Monthly contribution$300
- Years18
- Annual return7.0%
- Total contributed$69,800
- Investment earnings$77,733
- Final balance$147,533
Step-by-step
- Monthly compounding at 7.00% annual / 12.
- Final = $147,533 after 18 years.
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
Federal: tax-free growth + qualified withdrawal. State: 30+ states offer income tax deduction on contributions.
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