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College Savings Calculator

The College Savings Calculator helps you determine how much you need to save to be able to attend the college of your choice.*

  • Enter ballpark values by clicking on and dragging the sliders left or right. Enter exact numbers by clicking in the box and type your number (no commas).
  • Solve for different variables by clicking on the radio button in front of a label name. You cannot change values for a radio button that has been selected.
  • The results of your calculations show in the box near the bottom of the calculator.

Help

Initial Savings
Select this button to calculate how much you should have in your college savings, to date, to meet the demands of the other variables.
Monthly Savings
Select this button to figure out how much money you need to put aside to meet the demands of the other variables.
Annual Return
Select this button to figure out what interest rate you need to get on your investment to meet the demands of the other variables.
Time Until College
Select this button to determine how many years it will take you to reach your savings goal.
Annual College Costs
Select this button allow you to determine the cost of the college you can attend, given your inputs for the other variables.
Results
The dynamic results box displays different values, depending upon which variable radio button has been selected.
Inflation
Enter your estimate of what the inflation rate will be from now until college starts.
Years Of College
This drop down allows you to specify how many years of college you think you will need to pay for.

*Calculators provided are estimation tools and do not necessarily reflect products, terms or rates that Home Federal Bank may offer. Please contact your Home Federal banker to verify results.

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