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How Much Do I Need In My Children’s 529 Account?

How do I ensure that every child's education is equally funded?

How Much Do I Need In My Children’s 529 Account?

When it comes to securing our children's future, especially their education, planning is everything. But how can we ensure our savings will adequately cover the ever-rising college tuition fees?

Download the spreadsheet (or make a copy to your google drive)

That's where my “innovative spreadsheet-based calculator” comes into play.

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Understanding the Calculator

Our tool is designed to answer a pivotal question: How much should one allocate in each 529 account to ensure that every child's education is equally funded?

Key Inputs:

  1. Starting Year (e.g., 2023): This marks the beginning of our forecasting.

  2. Current College Cost: An essential benchmark that represents today's tuition fee.

  3. Education Inflation Rate: A percentage that predicts how much tuition fees will increase annually.

  4. Investment Strategy: The risk profile (Conservative, Moderate, Aggressive) that aligns with your comfort level and financial goals.

  5. Age of each child: If the child is yet to be born, then use negative numbers. If you plan to have

Using these inputs, the calculator forecasts the future cost of education and suggests an allocation strategy to distribute funds across multiple 529 accounts.

Benefits of Using the Calculator:

1. Informed Decision Making: With a clear view of projected costs, parents can make informed decisions about their savings and investment strategies.

2. Tailored Financial Planning: The calculator offers flexibility, allowing parents to adjust their inputs based on individual financial situations and goals.

3. Peace of Mind: Knowing that you're on track to fully fund your child's education provides invaluable peace of mind.

4. Proactive Approach: With insights into future costs and the effects of different investment strategies, parents can be proactive, adjusting their plans as needed.


Education is a priceless gift we can give our children. By leveraging tools like our spreadsheet-based calculator, parents can ensure they're taking the right steps towards securing their children's academic future without financial strain. Whether you're a parent of one or more children, planning today ensures a brighter, more secure tomorrow for your loved ones.