<prompt> Human: Im a new father to a beautiful 8 month old girl. What can I do today to help her have a decent sum of money in 18 years to use towards college or whatever pursuits she chases as she begins adulthood? x200B;Ive looked into 529 plans, but it seems like those are exclusively to be used for college tuition. My hope is that she will be starting college in 18 years, but if she doesnt, I still want her to have some money available to get a jump on her adult life. x200B;What types of savings plans can work for this? Ive looked at some calculators online. 1,000 invested over 18 years with 1,000 deposits each year can turn into 80,000 in 18 years. Not sure how accurate that is nor do they say what investment plans theyre using, but I would love to be able to provide something like that for my daughter. x200B;I didnt find anything in the Wiki about this and my searches of this sub on this topic didnt tell me anything new. I appreciate any advice on this!  <response>: Ive looked at some calculators online. 1,000 invested over 18 years with 1,000 deposits each year can turn into 80,000 in 18 years. Not sure how accurate that is nor do they say what investment plans theyre using, but I would love to be able to provide something like that for my daughter. Sorry to say, but the math doesnt work out on that. If you put 1000 a year in and got 11 returns every single year, youd end up with 56K in 18 years. If you used an asset mix more appropriate for college savings given historical returns from something like Utah 529s age-based aggressive global fund, youd end up with about 40K. At 1000 a year, to get to 80K in 18 years, youd need to get about 14.5 return every single year. Possible, but unlikely. Alternatively, you can up your contribution to 2030 with the asset mix from Utah listed above, and get to 80K at 18.That said, Id like to make the case that you do use a 529. Its not just for college, but can be used for trade schools or other vocational training, not to mention related expenses. Virtually any career she wants will either require, or significantly benefit from, some form of education or training right after high school. And, should she truly not need anything, you can withdraw the money, only paying a penalty on the gains you get your contributions back penalty-free. 