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Information and interactive calculators are made available to you as self-help tools for your independent use. This calculator is for hypothetical use only and depends on the information you provide. The calculations rely on a number of simplifying assumptions, and the results may vary from your actual situation. This calculator is meant to give you a general idea about where you stand financially, based on the amounts provided. These estimates are not set in stone or intended as investment advice. College cost projections are made with the assumption that the cost of college will increase at the rate of inflation indicated in the "education cost inflation" input field. An estimate of the cost of one year of college in today's dollars is used to produce results, using either a national average cost, the cost for a specific selected school from the tool's college-cost database, or a custom amount entered by the user. All figures presented are estimates. The tool does not project or predict the future value of actual college costs. The estimated college cost projection is intended only to be one source of information that may help users assess their college savings goals. It does not reflect an actual investment, nor does it account for the effects of taxes, any investment expenses or withdrawals. Returns are not guaranteed and results will vary. Investment returns cannot be predicted and will fluctuate. Investor results may be more or less. We cannot and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

Merrill Edge and its Financial Solutions Advisors do not provide tax, accounting or legal advice. Any tax statements contained herein were not intended or written to be used, and cannot be used, for the purpose of avoiding U.S. federal, state or local tax penalties. Please consult your own independent advisor as to any tax, accounting or legal statements made herein.