529 Calculator

How much should you contribute to a 529 college savings plan?

A 529 plan offers tax-free growth and withdrawals for education expenses. Finding the optimal contribution balance is essential—too little won't fund your child's education needs, while too much restricts financial flexibility. Use this 529 calculator to explore different paths towards meeting your family's specific goals.

*In-state tuition and fees at public four-year schools were $10,740 for the 2021-2022 academic year, according to the College Board. At private four-year schools, they were $38,070. Source: Nerdwallet

Deciding to Fund a 529 College Savings Account

Figuring out how much to invest in a 529 plan? Consider these key planning elements:

Start by defining your education vision. Determine whether you're planning for K-12, college, or both, and establish preferences between private and public institutions. These choices create significant cost differences—potentially hundreds of thousands of dollars in required savings.

Always align education planning with your larger financial picture. Funds invested in a 529 account will be penalized if used for expenses outside of qualifying education costs. Make sure you’re comfortable with permanently assigning these funds to educational expenses.

Consider splitting contributions between 529 and brokerage accounts to take advantage of a 529 plan’s tax advantages while maintaining greater flexibility and avoiding penalties if your plans change.

Get smart about savings.

As helpful as a 529 can be to your children’s future, navigating the complexities—like contribution limits, investment choices, and tax implications—can feel overwhelming. That’s where Range comes in.

Go beyond a 529 plan.

At Range, we don’t just help you set up a 529; we offer comprehensive Education Planning Services tailored to your financial situation and goals.

Our Certified Financial Planners conduct a complete education needs analysis, review your current savings and contributions, and estimate the success rate of your education funding plan. We then present you with actionable steps, whether it's adjusting contributions, opening new accounts, or identifying potential trade-offs you might need to consider.

Ready to get started?

Range is here to make wealth management simple—from Education Planning to Tax Optimization, to Investment Management.

Want to learn more?
Set up a 1:1 call with our team to get a walk through of the product. Just take a moment to create an account and fill out our form.
Book a Demo
Explore More

Personalized financial planning solutions for a fraction of the cost that traditional CFPs charge