Education Savings Plan

Project your savings across multiple children — handles overlapping college years with a shared savings pool

📖 About this tool

What it does

Multi-child education savings projector with a shared savings pool. Handles overlapping college years, inflation-adjusted tuition, and per-child cost variation. Shows year-by-year balance, tuition draws, and total shortfall (if any).

Who this helps

Parents (and grandparents) planning college funding. Especially useful when kids' attendance windows overlap and both will be drawing tuition simultaneously.

How to use it

  1. Enter current 529/education savings balance and annual contribution.
  2. Set expected investment return and tuition inflation (5%+ historically).
  3. Add each child: name, current age, age starting college, years of college, annual cost.
  4. Toggle Monte Carlo to see P10/P50/P90 funding outcomes.
  5. Read the total shortfall stat — that's the gap left to cover from cash flow / loans / aid.

What it doesn't do

Doesn't model 529-specific tax rules (state deduction, qualified-withdrawal restrictions). Doesn't apply for-profit schools, scholarships, or financial aid — those reduce the cost inputs you enter.

Plan Parameters

Savings Pool & Growth

Each year's return is drawn from a normal distribution with the Annual Return as mean and σ as standard deviation. 12% σ is typical for a 60/40 college-savings allocation.

Children

🎓

Set up your children and click Calculate Education Plan to see your year-by-year projection.