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 OR 2

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.

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Student 1
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College Start Year

2039

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College Costs

2020 National Public Averages

Select a specific college

$25,775

Current annual cost

CUSTOMIZE COST
As of September 24, 2021

Enter a valid percentage.

%
Savings Plan

$

$

Frequency

$ %
starting on
ADD A STUDENT
College Costs
Totals
Projected College Costs
$267,360
Costs You Plan to Fund
$267,360 (100%)
Costs Not Funded by You
$0 (0%)
Deficit
-$267,360
Ongoing monthly contributions may need to increase to $609 to meet the goal.
ADD A STUDENT
Summary
Student
Costs You Plan to Fund
Projected Savings Deficit/Surplus
Summary

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses, summary prospectuses and CollegeAmerica Program Description, which can be obtained from a financial professional and should be read carefully before investing. CollegeAmerica is distributed by American Funds Distributors, Inc. and sold through unaffiliated intermediaries.

Depending on your state of residence, there may be an in-state plan that provides state tax and other state benefits, such as financial aid, scholarship funds and protection from creditors, not available through CollegeAmerica. Before investing in any state's 529 plan, investors should consult a tax advisor. CollegeAmerica is sponsored by Virginia529℠. 

All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.

  1. Source: Current annual college cost figures are obtained from Peterson's. The college costs may include tuition, room and board, and books and expenses as reported by Peterson's. Copyright © 2021 Peterson's, a Nelnet Company, and its licensees. All rights reserved.
  2. If a college reports only one value for tuition, the calculator uses the same value for in-state and out-of-state costs. To verify in-state and out-of-state costs for a particular college, please contact the college directly.

American Funds Distributors, Inc., member FINRA.

Use of this website is intended for U.S. residents only.

This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.

Terms and Definitions

In-State and Out-of-State Costs: If a college reports only one value for tuition, the calculator uses the same value for in-state and out-of-state costs. To verify in-state and out-of-state costs for a particular college, please contact the college directly.

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.