Coverdell ESA Education Savings Calculator
Calculate Coverdell ESA growth for K-12 and college education expenses.
Calculation Inputs
Calculation Results
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Enter inputs on the left and click Calculate to view results.
Formula & Methodology
FV = PMT × ((1+r)^n − 1) / r
Coverdell ESA allows $2k/year tax-free for education expenses from K-12 through college. Must be used by age 30.
Frequently Asked Questions
What is the difference between 529 and Coverdell?
Coverdell has a $2,000/year limit but can be used for K-12. 529 has much higher limits but income phase-outs only apply to deductions, not contributions.