College Savings / Withdrawal Calculator
Result
College Savings Projection Calculator: calculate projected savings at withdrawal from the supplied inputs.
Formula
- Model: PV × (1+r)^n + monthly contribution × ((1+r)^n−1)/r; r = monthly % / 100. Assumes constant positive monthly yield, end-of-month contributions and no withdrawals before the horizon, fees or taxes. This is an arithmetic estimate, not an individualized professional decision.
- The main inputs are Current savings, Monthly contribution, Monthly yield, Months until withdrawal. Enter them in the units and format shown in the calculator.
- Use monetary amounts, rates and time periods exactly as labeled; the result reflects the assumptions entered on this page.
- Changing any input above recalculates the result with the same calculation engine used by this page.
Example: College Savings / Withdrawal
- Current savings: 10000
- Monthly contribution: 200
- Monthly yield: 0.5 %
- Months until withdrawal: 24
Using Current savings = 10000, Monthly contribution = 200, Monthly yield (%) = 0.5, Months until withdrawal = 24, result: Projected savings at withdrawal = 16357.98881.
Sample result: Calculating…
Frequently asked questions
What does the College Savings / Withdrawal calculate?
College Savings Projection Calculator: calculate projected savings at withdrawal from the supplied inputs.
Which values should I enter?
Enter Current savings, Monthly contribution, Monthly yield, Months until withdrawal using the units and format shown beside each field.
What formula does this calculator use?
The calculator uses the following relationship: PV × (1+r)^n + monthly contribution × ((1+r)^n−1)/r; r = monthly % / 100.
Why might my result differ from another source?
Results can differ when another source uses different units, rounding rules, conventions or assumptions. Compare the inputs and definitions before comparing results.
Does the result update automatically?
Yes. Changing an input updates the result using the same calculation engine shown on this page.