Cost of Waiting College Savings Calculator

It is never too late to begin saving for college, but beginning as soon as possible is important due to the impact of compounding interest. If you begin now, you may need to save considerably less than if you wait a few years. This calculator helps you estimate the cost of waiting by calculating how much extra you will need to save if you wait.
Annual college cost in today's dollars
:   
$
Years until college:      
Number of years in college:      
College cost inflation rate
:   
  %
Annual investment return:      %

The Florida Prepaid College Board does not provide investment nor legal advice. The availability of a calculator is a useful means to assess the potential of your savings which is subject to market conditions. Please consult your advisor before investing.