How much should I contribute monthly to a 529 plan?

To fund 4 years at a public university ($25,000/year today, 5% inflation over 18 years), you need roughly $120,000 future value, requiring approximately $350–$400/month starting at birth.

What is the 529 annual gift tax exclusion?

In the US, you can contribute up to $18,000 per year ($36,000 for married couples) per beneficiary without gift tax implications, or superfund 5 years upfront ($90,000).

College Savings Monthly Target Calculator (529)

Calculate how much to save monthly in a 529 plan to cover projected college costs. Factor in current tuition, education inflation, state tax deductions, and investment growth.

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Enter the values for the scenario you are assessing. Calculate how much to save monthly in a 529 plan to cover projected college costs. Factor in current tuition, education inflation, state tax deductions, and investment growth. Use the college savings target result to inform your calculation.

College Savings Monthly Target Calculator (529)

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Frequently Asked Questions

How much should I contribute monthly to a 529 plan?

What is the 529 annual gift tax exclusion?