Texas 529 Simulator
Project how Texas 529 education-savings contributions grow toward tuition goals.
About Texas 529 Simulator
A monthly-compounding projection of Texas 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.
Formula
Future value
FV = contributions compounded at monthly return
Worked example
With the default values below, Texas 529 Simulator returns Projected Balance of $41,872.85. Change any input above and every figure here is recalculated in your browser.
Inputs used
- Current balanceminimum 0
- 5,000
- Monthly contributionminimum 0
- 200
- Years until collegeaccepts 0–25
- 10
- Expected annual returnaccepts 0–12
- 6
Results
- Projected Balance
- $41,872.85
- Total Contributions
- $29,000.00
- Estimated Growth
- $12,872.85
- Months Invested
- 120
Step by step
- 1Values used
- 2Future value
- 3Projected Balance= 41,872.85
- 4Total Contributions= 29,000.00
- 5Estimated Growth= 12,872.85
- 6Months Invested= 120
Assumptions and limits
- The result is derived only from the 4 inputs listed above. Anything not among them is not part of the calculation.
- In particular, this calculator does not take inflation, tax or fees or charges into account.
- Figures are rounded for display to 2 decimal places, so totals built from several rounded parts can differ slightly from the unrounded arithmetic.
- Projection only — investment returns are not guaranteed.
- This is an estimate for general information and not professional financial, tax or legal advice. See the full disclaimer for the limits that apply to this kind of calculator.
How these calculators are built and tested is described on the Methodology page. If a figure looks wrong, please report it.
Texas rules are not built in
Texas-specific rules are not built into this calculator. It uses the same general calculation as Federal 529. Check current figures with Texas’s official source before relying on the result.
Tax year: not verified · Source: none built in
Projection only — investment returns are not guaranteed.
Frequently Asked Questions
Does Texas give a state tax break on 529 contributions?
Many states offer a deduction or credit on a 529 contribution — check the current state plan rules for the exact amount and cap.
Are earnings taxed?
No federal tax on qualified distributions; avoid non-qualified withdrawals which are taxed and penalised.