# 529 Calculator

529 Calculator

Initial Investment:
Annual Savings:
Before-Tax Return on Savings (%):
Tax Bracket (defaults to 25%):
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### 529 Definition

A 529 plan calculator is an ideal tool for determining just how much money you can potentially put away for educational expenses in the future. Because money of this kind is subject to different forms of taxation and other factors, having an accurate idea of just how much you will be saving over time based on your investment into this type of account can be rather difficult when it comes to financial planning. However, the free online 529 Calculator designed by Calculator Pro allows you to get an accurate idea of just what your financial future will look like when you have the right 529 plan in place.

### The Right Information for a Bright Future

This calculator is a simple tool to use when you have the right information in hand. It first asks for some basic figures regarding your 529 plan. Each field takes this individual information and develops a realistic projection based on the figures.

### A Step By Step Process

You first input your initial investment into the account. Following this information, you input your annual savings as well. The calculator then asks for the number of years that you will be planning on adding to these savings. The next two fields are the only pieces of information that may require some calculating beforehand. You must enter your savings percentage before tax returns along with the tax bracket for which you currently qualify. If you do not enter any information in the last field, the calculator will default into the 25th percentage.

### Practical Considerations

With this information in place, users only need to click on the calculate tab in order to receive their results. The results will give you a dollar figure amount that you can expect to see when using the average 529 Savings Plan versus the savings that you could expect to see using a traditional, taxable account. For example:

• Initial Investment: \$300
• Annual Savings: \$150
• Number of Years for Saving: 15
• After-Tax Savings Percentage: 24
• Tax Bracket: 25

Using this information with the 529 Savings Plan Calculator would result in an accumulated dollar amount of \$26,310. The exact same figures being used in a traditional, taxable account would only result in savings of \$14,383. As you can see from the results, there is a substantial advantage in using this type of plan in order to put away money for educational expense due to the tax break. This calculator proves to be an extremely valuable tool in helping to determine just what kind of dollar amounts you need to be working with in order to reach your financial goals for the future.

Calculator Pro also allows visitors to their site to share this valuable calculator using their own website as well. Using either the link for their basic or custom options, you can provide anyone with the means for making these kinds of calculations. The basic tab requires that you link back to their actual website. However, the custom tab will allow you to make changes to the program easily and quickly.

### Nothing Is Simpler

There is no knowledge of coding that is required, and the results are just as accurate. With this powerful tool on your side in any number of ways, there is no reason to feel nervous or be left in the dark when it comes to the financial future for yourself or a loved one’s education.

### How to Calculate 529

Let's be honest - sometimes the best 529 calculator is the one that is easy to use and doesn't require us to even know what the 529 formula is in the first place! But if you want to know the exact formula for calculating 529 then please check out the "Formula" box above.