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Recently playing around with a 529 college saving plan calculator, it told me that for a 5 year old aiming to go to a 4 year private school, I need to save up $

Recently playing around with a 529 college saving plan calculator, it told me that for a 5 year old aiming to go to a 4 year private school, I need to save up $600k in the next 13 years. I thought the calculator was broken, but it was simply using the past decade's grow rate for tuition to model the next decade.

sandeeps_ 6y ago
Do you mean the account should have 600k at the time of kid starting college? Does the 600k include gains from the investment in 529 or is it just the principal?
- afterwalk 6y ago
  That figure includes the gains, and represents approximately how much college will cost in 13 years if trends continue. My point was that $600k for going to college sounds so ridiculous that the trend shouldn't be able to continue.
  - sandeeps_ 6y ago
    Enroll them in Lambda school :)