Project how Montana 529 education-savings contributions grow toward tuition goals.
A monthly-compounding projection of Montana 529 savings. Contributions grow at the assumed return; 529 earnings are tax-free when used for qualified education expenses. Many states add an income-tax deduction — confirm with the plan administrator.
Future value
FV = contributions compounded at monthly return
Projection only — investment returns are not guaranteed.
Many states offer a deduction or credit on a 529 contribution — check the current state plan rules for the exact amount and cap.
No federal tax on qualified distributions; avoid non-qualified withdrawals which are taxed and penalised.