What will it take to save for a college education?

Higher education carries a high price tag. If you want to send your child to college, now's the time to start saving. Just plug the numbers into our calculator to find out how much you should be saving. Remember, money put into a stock market index fund should earn about 10 percent a year, but carries risk. Bank CDs are less rewarding -- and less risky. Good luck, and we'll see you at your child's graduation.

College savings to date:	$
What is the rate of return you expect on your savings?		%
College tuition and expenses per year: (at today's prices)	$
Years of college :
Years until college :
Monthly amount needed to save for college:	$

An annual 2.5 percent inflation rate has been projected.