College Savings Calculator

Number of years until college expenses begin:
Number of years to complete degree program:
Annual cost of books, tuition, board, etc. (in today's dollars):	$
Estimated rate of return on college savings in %:	%
Estimated inflation rate of college costs, in %:	%

What your total college costs will be, in future dollars:	$
What your savings must be worth when college starts:	$
What you need to deposit today and annually to meet your needs:	$
Assumptions: 1. Your Deposits are made once a year and cease when college begins. 2. Interest compounds and pays annually. 3. Withdrawals for college expenses begin on the first day of college and annually thereafter. 4. Any taxes on earned interest are paid from an account other than the college savings account. This is only an estimate. Your actual savings and expenses may vary.