Calculate Ohio 529 savings plan benefits
College savings plans — named 529 after the section of the Internal Revenue Code that created them — are about 25 years old. Calculate how much such a plan would earn for you below by inputting an initial contribution amount, an annual contribution amoungt and the number of years the account would be active before helping a student pay for college.
Enter numbers without commas and a year value of between 1 and 19. Calculations are made with an annual return rate of 6% and 28% tax bracket.
Initial contribution:
Annual contribution:
Number of years before college:
| Amount contributed | |
|---|---|
| $ | 0 |
| Amount earned on top of contribution | |
| $ | 0 |
| Account total | |
| $ | 0 |
Please select a number of years between 1 and 19
Reporting: Meagan Pant | Calculator: Kyle Nagel | Source: CollegeAdvantage | Published: Jan. 13, 2014 |
