Savings Calculator | Capital Group

Savings calculator

How much should you save? It depends on things like your income and the schools your child has in mind. It’s fine to start small.

If I save       a month

Starting

Birth 18 years old

Estimated savings when my child is 18 years old:

$0*

That's about 0% of what you'll need for four years of in-state tuition fees.

* Assumes a hypothetical 6% growth rate.


Ready to create a detailed plan?

Go to the college calculator
Savings if you started today
$ 0
Savings if you started after 0 years
Go to the college calculator

Give it a boost!

save on taxes iconYearly bonus? Tax refund? Put part — or all — of it into your 529 education savings plan account.

on track iconAsk for gifts toward your child’s 529 savings plan account on birthdays and holidays.

on track iconHave your child join in the effort. Lemonade stands and part time jobs can help grow the funds, too.

It’s better to start somewhere and start now. Small savings can make a big difference over time.


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 and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing. 

American Funds Distributors, Inc., member FINRA.

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.

Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Capital Group or its affiliates. This information is intended to highlight issues and should not be considered advice, an endorsement or a recommendation.