T. Rowe Price Introduces 529 Calculator

June 5, 2002 (PLANSPONSOR.com) - T. Rowe Price Associates launched a new college savings calculator.

The new product aims to help families estimate college expenses and calculate how much they may need to invest monthly in a 529 Plan to reach their goals. The free calculator is available on T. Rowe Price’s Web site and uses Monte Carlo analysis to estimate the chances of meeting investment goals.

The calculator enables investors to calculate what their existing or planned college savings would grow to in a 529 Plan by the time their child begins college.