529 Savings Calculator

See how much you can save for your child's education using bank bonuses and monthly contributions

Your Contribution

$

Combined: $350/month

How often will you do bank bonuses?

Years until college (typically 17)

%

Conservative estimate: 6%

Your Projected Savings

$246,894

After 17 years

Total Contributions $148,750
Investment Growth $98,144
Bank Bonuses $77,350
💡

Path A vs Path B:
With annual bonuses, you'll have $116,127 more than doing bonuses just once!

📊 Assumptions & Disclaimers

  • Bank bonuses are taxed at 31% (22% federal + 9% CA state)
  • After-tax bonus: $4,550/year for two parents (Path A)
  • One-time bonus: $4,550 in Year 1 only (Path B)
  • Returns are not guaranteed and may vary
  • This is for educational purposes only - not financial advice
  • Consult a CPA or financial advisor before implementing