College Savings Calculator - American Funds | Capital Group

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RETIREMENT PLAN INVESTOR

Use your plan ID (available on your account statement) to determine which employer-sponsored retirement plan website to use:

IF YOUR PLAN ID BEGINS WITH IRK, BRK, 1, 2 OR 754

Visit americanfunds.com/retire

IF YOUR PLAN ID BEGINS WITH 34 OR 135

Visit myretirement.americanfunds.com

College Savings Calculator

Your inputs have been saved.

Your inputs for Johnson Family have successfully loaded.

  • The calculator updates the current annual college cost to the most recent data available, so this figure may have changed.
  • If you entered a customized dollar amount for the current annual cost, it should be reflected below.

Please review all your inputs to ensure they are up to date.

Plan for the Cost of Higher Education

You can use this College Savings Calculator to:

  • Compare the cost of different colleges or use national averages for either public or private colleges
  • Consider scenarios where a portion of college costs will be funded by other sources (e.g., grandparents, scholarships, loans)
  • Generate a personalized report that includes a summary of projected costs and savings, as well as tips and strategies for college savings

Figures shown are hypothetical and for illustrative purposes only.

Reset
Student 1
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College Start Year

2040

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College Costs

2021 National Public Averages

Select a specific college

$17,982

Current annual cost

CUSTOMIZE COST
As of August 10, 2022

Enter a valid percentage.

%
Savings Plan

$

$

Frequency

$ %
starting on
ADD A STUDENT
College Costs
Totals
Projected College Costs
$186,524
Costs You Plan to Fund
$186,524 (100%)
Costs Not Funded by You
$0 (0%)
Deficit
-$186,524
Ongoing monthly contributions may need to increase to $422 to meet the goal.
ADD A STUDENT
Summary
Student
Costs You Plan to Fund
Projected Savings Deficit/Surplus
Summary
Customize Annual Cost

Enter a dollar amount to customize the current annual cost.

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  • All inputs except the current annual college cost will be saved.
  • The current annual cost will update to the latest data available when retrieved.
  • If you entered a customized annual cost, it will be saved.
You Have Too Many Saved Inputs

To save new inputs, please delete input sets you no longer need, then resave your new inputs. You can have a maximum of 50 saved input sets.

Select a Different College or Category

Search by: College Name | Location

Customize Report

Report title:

College Savings Report


Change Start Year

If desired, user can enter custom start year for college.