The College Calculator can give you a quick approximation of the funds you'll have available for college. Use it to answer questions such as: "If I set aside $5,000 each year until my child is 18, will I have enough to pay for a four-year college?" You can use it before you enter information in the College Planner, to get an idea of how much more you'll need to save.
-
Click the Planning tab.
-
Choose Planning Tools > College Calculator.
-
To calculate a starting amount for your college savings
In the Calculate For area, click Current College Savings.
-
To calculate your annual contribution
In the Calculate For area, click Annual Contribution.
-
To calculate how much your college savings will provide
In the Calculate For area, click Annual College Costs.
-
-
In the College Information area, enter information about your child, how much you expect college to cost, and your savings plan.
-
Enter the adjustments you want Quicken to make for inflation. (Optional)
-
Click Calculate after entering the last value.
-
Click Schedule to see the schedule of deposits you must make to achieve your savings goal.
-
Tell me more about the schedule
The schedule shows the balance of your savings account after each scheduled contribution, and after each withdrawal to meet college costs.
-