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Savings Plan Yield Calculator
This Savings Plan Yield Calculator computes the annual interest rate required to reach your savings goal given the present value of your savings, the value of your regular contributions and the amount of time available. We recommend that parents try to save at least half the projected costs of the child's college education. Ideally the savings plan (in the parents' name) should be established when the baby is born, but it is never too late to start saving. If you're trying to analyze the effectiveness of your current savings plan, you may wish to use the Savings Growth Projector to calculate the growth potential of your current contributions. The Savings Plan Designer can help you determine the appropriate amount to contribute to your savings plan given your current interest rate.
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