Amount You Would Need to Save to Have $10,000 Available When Your Child Begins College
			Amount Available When Child Begins College
If you start saving when your child is	Number of years of saving	Approximate monthly savings	Principal	Interest earned	Total savings
(Assuming a 5 percent interest rate.)
Newborn	18	$29	$6,197	$3,803	$10,000
Age 4	14	41	6,935	3,065	10,000
Age 8	10	64	7,736	2,264	10,000
Age 12	6	119	8,601	1,399	10,000
Age 16	2	397	9,531	469	10,000