What is this? This calculator uses USDA's annual "Cost of Raising a Child" report to estimate how much it costs to raise children from birth to age 18 — including housing, food, healthcare, education, and extracurriculars. It also calculates how much you need to save monthly for college.
Who it's for: Expectant parents, new parents, and families planning their budget. Also useful for life insurance needs calculations.
Your Family
Total Cost (Age 0-18)
Per Child
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All Children
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Annual Average
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per child, adjusted
By Age 18 (each)
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Remaining Years
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% of Income
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Monthly Cost
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Annual Cost Breakdown (Per Child)
🏠 Housing—
🍽️ Food—
🚗 Transportation—
👕 Clothing—
⚕️ Healthcare—
📚 Education/Childcare—
🎯 Extracurriculars—
🎮 Miscellaneous—
Monthly 529 Savings Needed Per Child
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to reach your $100K college goal by age 18
Life Insurance Needs
Financial advisors typically recommend 10-15× your annual income in life insurance coverage to protect your family's ability to meet future expenses.
Minimum (10×)
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Recommended (15×)
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Start Saving for College with a 529 Plan
529 plans offer tax-free growth for education expenses. Compare the best 529 plans to find one with low fees and strong investment options:
Estimates based on USDA's "Expenditures on Children by Families" report. Actual costs vary by location, lifestyle, and individual circumstances. College costs assume 4-year public university, adjusted for 5% annual inflation.