College Savings Calculator - How Much Do You Need?
Whether you're just getting started or already have a plan in place, following a few simple steps early can help you avoid sticker shock when your child heads off to college.
Take a couple of minutes to use this calculator and get an estimate of what you'll need to start saving towards.
The best time to start investing is now. Reason being: the earlier you start, the sooner the power of compounding may work for you. The chart below demonstrates the point. By investing early and often over 18 years, you could save enough to cover at least a portion of your child's future college expenses.
State Farm® offers a variety of investment options that may meet your needs. Talk through your financial goals with a registered State Farm agent to find Suitable investment account, today.
Next Step: Build a Plan
Investing involves risk, including potential for loss.
Automatic investment plans do not assure a profit or protect against loss.
Not FDIC Insured
- No Bank Guarantee
- May Lose Value
State Farm Bank®, Bloomington, Illinois, is a Member FDIC and Equal Housing Lender. NMLS ID 139716. The other products offered by affiliate companies of State Farm Bank are not FDIC insured, not a State Farm Bank obligation or guaranteed by State Farm Bank, and subject to investment risk, including possible loss of principal invested. Contact State Farm Bank toll-free at 877-SF4-BANK (877-734-2265). Callers who are hearing or speech impaired should dial 711 or use a preferred Telecommunications Relay Service.