Savings Plan and Future Cost Estimation

How much will college cost and what do you need to save?

  • Estimated Annual Cost in 2032 : $110,674.46
  • Total 4 Year Cost in 2032 : $442,697.85
  • Monthly savings required: $874.69

How much will college cost in 18 years and how much will you need to save for your child to attend?  A 4 year degree is estimated to be priced at $442,697.85 for students enrolling in 2032 if tuition increases 7% per year.   Assuming you have no current college savings, monthly deposits of $874.69 into a 529 or other college savings plan earning and after tax or tax exempt return of 7% will be necessary to achieve this balance.

Assumptions

  • Current Annual Cost: $29,500.00
  • Years until enrollment: 18
  • Annual Tuition Increase: 7%
  • Current Savings: $0.00
  • After Tax Return on Savings: 7%
  • Years of enrollment: 4

Current Savings Shortfall

Calculate Your College Savings Plan

What will college likely cost in the future and how much will you need to save?

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $874.69 $0.00 $0.00 $874.69
2 $874.69 $874.69 $0.00 $4.95 $1,754.33
3 $1,754.33 $874.69 $0.00 $9.92 $2,638.94
4 $2,638.94 $874.69 $0.00 $14.92 $3,528.55
5 $3,528.55 $874.69 $0.00 $19.95 $4,423.19
6 $4,423.19 $874.69 $0.00 $25.01 $5,322.89
7 $5,322.89 $874.69 $0.00 $30.10 $6,227.68
8 $6,227.68 $874.69 $0.00 $35.21 $7,137.58
9 $7,137.58 $874.69 $0.00 $40.36 $8,052.63
10 $8,052.63 $874.69 $0.00 $45.53 $8,972.85
11 $8,972.85 $874.69 $0.00 $50.73 $9,898.27
12 $9,898.27 $874.69 $0.00 $55.97 $10,828.93
13 $10,828.93 $874.69 $0.00 $61.23 $11,764.85
14 $11,764.85 $874.69 $0.00 $66.52 $12,706.06
15 $12,706.06 $874.69 $0.00 $71.84 $13,652.59
16 $13,652.59 $874.69 $0.00 $77.19 $14,604.47
17 $14,604.47 $874.69 $0.00 $82.58 $15,561.74
18 $15,561.74 $874.69 $0.00 $87.99 $16,524.42
19 $16,524.42 $874.69 $0.00 $93.43 $17,492.54
20 $17,492.54 $874.69 $0.00 $98.91 $18,466.14
21 $18,466.14 $874.69 $0.00 $104.41 $19,445.24
22 $19,445.24 $874.69 $0.00 $109.95 $20,429.88
23 $20,429.88 $874.69 $0.00 $115.51 $21,420.08
24 $21,420.08 $874.69 $0.00 $121.11 $22,415.88
25 $22,415.88 $874.69 $0.00 $126.74 $23,417.31
26 $23,417.31 $874.69 $0.00 $132.40 $24,424.40
27 $24,424.40 $874.69 $0.00 $138.10 $25,437.19
28 $25,437.19 $874.69 $0.00 $143.83 $26,455.71
29 $26,455.71 $874.69 $0.00 $149.58 $27,479.98
30 $27,479.98 $874.69 $0.00 $155.38 $28,510.05
31 $28,510.05 $874.69 $0.00 $161.20 $29,545.94
32 $29,545.94 $874.69 $0.00 $167.06 $30,587.69
33 $30,587.69 $874.69 $0.00 $172.95 $31,635.33
34 $31,635.33 $874.69 $0.00 $178.87 $32,688.89
35 $32,688.89 $874.69 $0.00 $184.83 $33,748.41
36 $33,748.41 $874.69 $0.00 $190.82 $34,813.92
37 $34,813.92 $874.69 $0.00 $196.84 $35,885.45
38 $35,885.45 $874.69 $0.00 $202.90 $36,963.04
39 $36,963.04 $874.69 $0.00 $208.99 $38,046.72
40 $38,046.72 $874.69 $0.00 $215.12 $39,136.53
41 $39,136.53 $874.69 $0.00 $221.28 $40,232.50
42 $40,232.50 $874.69 $0.00 $227.48 $41,334.67
43 $41,334.67 $874.69 $0.00 $233.71 $42,443.07
44 $42,443.07 $874.69 $0.00 $239.98 $43,557.74
45 $43,557.74 $874.69 $0.00 $246.28 $44,678.71
46 $44,678.71 $874.69 $0.00 $252.62 $45,806.02
47 $45,806.02 $874.69 $0.00 $258.99 $46,939.70
48 $46,939.70 $874.69 $0.00 $265.40 $48,079.79
49 $48,079.79 $874.69 $0.00 $271.85 $49,226.33
50 $49,226.33 $874.69 $0.00 $278.33 $50,379.35
51 $50,379.35 $874.69 $0.00 $284.85 $51,538.89
52 $51,538.89 $874.69 $0.00 $291.41 $52,704.99
53 $52,704.99 $874.69 $0.00 $298.00 $53,877.68
54 $53,877.68 $874.69 $0.00 $304.63 $55,057.00
55 $55,057.00 $874.69 $0.00 $311.30 $56,242.99
56 $56,242.99 $874.69 $0.00 $318.01 $57,435.69
57 $57,435.69 $874.69 $0.00 $324.75 $58,635.13
58 $58,635.13 $874.69 $0.00 $331.53 $59,841.35
59 $59,841.35 $874.69 $0.00 $338.35 $61,054.39
60 $61,054.39 $874.69 $0.00 $345.21 $62,274.29
61 $62,274.29 $874.69 $0.00 $352.11 $63,501.09
62 $63,501.09 $874.69 $0.00 $359.04 $64,734.82
63 $64,734.82 $874.69 $0.00 $366.02 $65,975.53
64 $65,975.53 $874.69 $0.00 $373.04 $67,223.26
65 $67,223.26 $874.69 $0.00 $380.09 $68,478.04
66 $68,478.04 $874.69 $0.00 $387.18 $69,739.91
67 $69,739.91 $874.69 $0.00 $394.32 $71,008.92
68 $71,008.92 $874.69 $0.00 $401.49 $72,285.10
69 $72,285.10 $874.69 $0.00 $408.71 $73,568.50
70 $73,568.50 $874.69 $0.00 $415.97 $74,859.16
71 $74,859.16 $874.69 $0.00 $423.26 $76,157.11
72 $76,157.11 $874.69 $0.00 $430.60 $77,462.40
73 $77,462.40 $874.69 $0.00 $437.98 $78,775.07
74 $78,775.07 $874.69 $0.00 $445.41 $80,095.17
75 $80,095.17 $874.69 $0.00 $452.87 $81,422.73
76 $81,422.73 $874.69 $0.00 $460.38 $82,757.80
77 $82,757.80 $874.69 $0.00 $467.92 $84,100.41
78 $84,100.41 $874.69 $0.00 $475.52 $85,450.62
79 $85,450.62 $874.69 $0.00 $483.15 $86,808.46
80 $86,808.46 $874.69 $0.00 $490.83 $88,173.98
81 $88,173.98 $874.69 $0.00 $498.55 $89,547.22
82 $89,547.22 $874.69 $0.00 $506.31 $90,928.22
83 $90,928.22 $874.69 $0.00 $514.12 $92,317.03
84 $92,317.03 $874.69 $0.00 $521.97 $93,713.69
85 $93,713.69 $874.69 $0.00 $529.87 $95,118.25
86 $95,118.25 $874.69 $0.00 $537.81 $96,530.75
87 $96,530.75 $874.69 $0.00 $545.80 $97,951.24
88 $97,951.24 $874.69 $0.00 $553.83 $99,379.76
89 $99,379.76 $874.69 $0.00 $561.91 $100,816.36
90 $100,816.36 $874.69 $0.00 $570.03 $102,261.08
91 $102,261.08 $874.69 $0.00 $578.20 $103,713.97
92 $103,713.97 $874.69 $0.00 $586.41 $105,175.07
93 $105,175.07 $874.69 $0.00 $594.68 $106,644.44
94 $106,644.44 $874.69 $0.00 $602.98 $108,122.11
95 $108,122.11 $874.69 $0.00 $611.34 $109,608.14
96 $109,608.14 $874.69 $0.00 $619.74 $111,102.57
97 $111,102.57 $874.69 $0.00 $628.19 $112,605.45
98 $112,605.45 $874.69 $0.00 $636.69 $114,116.83
99 $114,116.83 $874.69 $0.00 $645.23 $115,636.75
100 $115,636.75 $874.69 $0.00 $653.83 $117,165.27
101 $117,165.27 $874.69 $0.00 $662.47 $118,702.43
102 $118,702.43 $874.69 $0.00 $671.16 $120,248.28
103 $120,248.28 $874.69 $0.00 $679.90 $121,802.87
104 $121,802.87 $874.69 $0.00 $688.69 $123,366.25
105 $123,366.25 $874.69 $0.00 $697.53 $124,938.47
106 $124,938.47 $874.69 $0.00 $706.42 $126,519.58
107 $126,519.58 $874.69 $0.00 $715.36 $128,109.63
108 $128,109.63 $874.69 $0.00 $724.35 $129,708.67
109 $129,708.67 $874.69 $0.00 $733.39 $131,316.75
110 $131,316.75 $874.69 $0.00 $742.48 $132,933.92
111 $132,933.92 $874.69 $0.00 $751.63 $134,560.24
112 $134,560.24 $874.69 $0.00 $760.82 $136,195.75
113 $136,195.75 $874.69 $0.00 $770.07 $137,840.51
114 $137,840.51 $874.69 $0.00 $779.37 $139,494.57
115 $139,494.57 $874.69 $0.00 $788.72 $141,157.98
116 $141,157.98 $874.69 $0.00 $798.13 $142,830.80
117 $142,830.80 $874.69 $0.00 $807.59 $144,513.08
118 $144,513.08 $874.69 $0.00 $817.10 $146,204.87
119 $146,204.87 $874.69 $0.00 $826.66 $147,906.22
120 $147,906.22 $874.69 $0.00 $836.28 $149,617.19
121 $149,617.19 $874.69 $0.00 $845.96 $151,337.84
122 $151,337.84 $874.69 $0.00 $855.69 $153,068.22
123 $153,068.22 $874.69 $0.00 $865.47 $154,808.38
124 $154,808.38 $874.69 $0.00 $875.31 $156,558.38
125 $156,558.38 $874.69 $0.00 $885.20 $158,318.27
126 $158,318.27 $874.69 $0.00 $895.15 $160,088.11
127 $160,088.11 $874.69 $0.00 $905.16 $161,867.96
128 $161,867.96 $874.69 $0.00 $915.22 $163,657.87
129 $163,657.87 $874.69 $0.00 $925.35 $165,457.91
130 $165,457.91 $874.69 $0.00 $935.52 $167,268.12
131 $167,268.12 $874.69 $0.00 $945.76 $169,088.57
132 $169,088.57 $874.69 $0.00 $956.05 $170,919.31
133 $170,919.31 $874.69 $0.00 $966.40 $172,760.40
134 $172,760.40 $874.69 $0.00 $976.81 $174,611.90
135 $174,611.90 $874.69 $0.00 $987.28 $176,473.87
136 $176,473.87 $874.69 $0.00 $997.81 $178,346.37
137 $178,346.37 $874.69 $0.00 $1,008.40 $180,229.46
138 $180,229.46 $874.69 $0.00 $1,019.04 $182,123.19
139 $182,123.19 $874.69 $0.00 $1,029.75 $184,027.63
140 $184,027.63 $874.69 $0.00 $1,040.52 $185,942.84
141 $185,942.84 $874.69 $0.00 $1,051.35 $187,868.88
142 $187,868.88 $874.69 $0.00 $1,062.24 $189,805.81
143 $189,805.81 $874.69 $0.00 $1,073.19 $191,753.69
144 $191,753.69 $874.69 $0.00 $1,084.20 $193,712.58
145 $193,712.58 $874.69 $0.00 $1,095.28 $195,682.55
146 $195,682.55 $874.69 $0.00 $1,106.42 $197,663.66
147 $197,663.66 $874.69 $0.00 $1,117.62 $199,655.97
148 $199,655.97 $874.69 $0.00 $1,128.88 $201,659.54
149 $201,659.54 $874.69 $0.00 $1,140.21 $203,674.44
150 $203,674.44 $874.69 $0.00 $1,151.60 $205,700.73
151 $205,700.73 $874.69 $0.00 $1,163.06 $207,738.48
152 $207,738.48 $874.69 $0.00 $1,174.58 $209,787.75
153 $209,787.75 $874.69 $0.00 $1,186.17 $211,848.61
154 $211,848.61 $874.69 $0.00 $1,197.82 $213,921.12
155 $213,921.12 $874.69 $0.00 $1,209.54 $216,005.35
156 $216,005.35 $874.69 $0.00 $1,221.33 $218,101.37
157 $218,101.37 $874.69 $0.00 $1,233.18 $220,209.24
158 $220,209.24 $874.69 $0.00 $1,245.10 $222,329.03
159 $222,329.03 $874.69 $0.00 $1,257.08 $224,460.80
160 $224,460.80 $874.69 $0.00 $1,269.13 $226,604.62
161 $226,604.62 $874.69 $0.00 $1,281.26 $228,760.57
162 $228,760.57 $874.69 $0.00 $1,293.45 $230,928.71
163 $230,928.71 $874.69 $0.00 $1,305.70 $233,109.10
164 $233,109.10 $874.69 $0.00 $1,318.03 $235,301.82
165 $235,301.82 $874.69 $0.00 $1,330.43 $237,506.94
166 $237,506.94 $874.69 $0.00 $1,342.90 $239,724.53
167 $239,724.53 $874.69 $0.00 $1,355.44 $241,954.66
168 $241,954.66 $874.69 $0.00 $1,368.05 $244,197.40
169 $244,197.40 $874.69 $0.00 $1,380.73 $246,452.82
170 $246,452.82 $874.69 $0.00 $1,393.48 $248,720.99
171 $248,720.99 $874.69 $0.00 $1,406.30 $251,001.98
172 $251,001.98 $874.69 $0.00 $1,419.20 $253,295.87
173 $253,295.87 $874.69 $0.00 $1,432.17 $255,602.73
174 $255,602.73 $874.69 $0.00 $1,445.21 $257,922.63
175 $257,922.63 $874.69 $0.00 $1,458.33 $260,255.65
176 $260,255.65 $874.69 $0.00 $1,471.52 $262,601.86
177 $262,601.86 $874.69 $0.00 $1,484.79 $264,961.34
178 $264,961.34 $874.69 $0.00 $1,498.13 $267,334.16
179 $267,334.16 $874.69 $0.00 $1,511.55 $269,720.40
180 $269,720.40 $874.69 $0.00 $1,525.04 $272,120.13
181 $272,120.13 $874.69 $0.00 $1,538.61 $274,533.43
182 $274,533.43 $874.69 $0.00 $1,552.25 $276,960.37
183 $276,960.37 $874.69 $0.00 $1,565.97 $279,401.03
184 $279,401.03 $874.69 $0.00 $1,579.77 $281,855.49
185 $281,855.49 $874.69 $0.00 $1,593.65 $284,323.83
186 $284,323.83 $874.69 $0.00 $1,607.61 $286,806.13
187 $286,806.13 $874.69 $0.00 $1,621.64 $289,302.46
188 $289,302.46 $874.69 $0.00 $1,635.76 $291,812.91
189 $291,812.91 $874.69 $0.00 $1,649.95 $294,337.55
190 $294,337.55 $874.69 $0.00 $1,664.23 $296,876.47
191 $296,876.47 $874.69 $0.00 $1,678.58 $299,429.74
192 $299,429.74 $874.69 $0.00 $1,693.02 $301,997.45
193 $301,997.45 $874.69 $0.00 $1,707.54 $304,579.68
194 $304,579.68 $874.69 $0.00 $1,722.14 $307,176.51
195 $307,176.51 $874.69 $0.00 $1,736.82 $309,788.02
196 $309,788.02 $874.69 $0.00 $1,751.59 $312,414.30
197 $312,414.30 $874.69 $0.00 $1,766.44 $315,055.43
198 $315,055.43 $874.69 $0.00 $1,781.37 $317,711.49
199 $317,711.49 $874.69 $0.00 $1,796.39 $320,382.57
200 $320,382.57 $874.69 $0.00 $1,811.49 $323,068.75
201 $323,068.75 $874.69 $0.00 $1,826.68 $325,770.12
202 $325,770.12 $874.69 $0.00 $1,841.95 $328,486.76
203 $328,486.76 $874.69 $0.00 $1,857.31 $331,218.76
204 $331,218.76 $874.69 $0.00 $1,872.76 $333,966.21
205 $333,966.21 $874.69 $0.00 $1,888.29 $336,729.19
206 $336,729.19 $874.69 $0.00 $1,903.92 $339,507.80
207 $339,507.80 $874.69 $0.00 $1,919.63 $342,302.12
208 $342,302.12 $874.69 $0.00 $1,935.43 $345,112.24
209 $345,112.24 $874.69 $0.00 $1,951.31 $347,938.24
210 $347,938.24 $874.69 $0.00 $1,967.29 $350,780.22
211 $350,780.22 $874.69 $0.00 $1,983.36 $353,638.27
212 $353,638.27 $874.69 $0.00 $1,999.52 $356,512.48
213 $356,512.48 $874.69 $0.00 $2,015.77 $359,402.94
214 $359,402.94 $874.69 $0.00 $2,032.12 $362,309.75
215 $362,309.75 $874.69 $0.00 $2,048.55 $365,232.99
216 $365,232.99 $874.69 $0.00 $2,065.08 $368,172.76
217 $368,172.76 $874.69 $99,708.00 $2,081.70 $271,421.15
218 $271,421.15 $874.69 $0.00 $1,534.65 $273,830.49
219 $273,830.49 $874.69 $0.00 $1,548.28 $276,253.46
220 $276,253.46 $874.69 $0.00 $1,561.98 $278,690.13
221 $278,690.13 $874.69 $0.00 $1,575.75 $281,140.57
222 $281,140.57 $874.69 $0.00 $1,589.61 $283,604.87
223 $283,604.87 $874.69 $0.00 $1,603.54 $286,083.10
224 $286,083.10 $874.69 $0.00 $1,617.56 $288,575.35
225 $288,575.35 $874.69 $0.00 $1,631.65 $291,081.69
226 $291,081.69 $874.69 $0.00 $1,645.82 $293,602.20
227 $293,602.20 $874.69 $0.00 $1,660.07 $296,136.96
228 $296,136.96 $874.69 $0.00 $1,674.40 $298,686.05
229 $298,686.05 $874.69 $106,687.56 $1,688.81 $194,561.99
230 $194,561.99 $874.69 $0.00 $1,100.08 $196,536.76
231 $196,536.76 $874.69 $0.00 $1,111.25 $198,522.70
232 $198,522.70 $874.69 $0.00 $1,122.48 $200,519.87
233 $200,519.87 $874.69 $0.00 $1,133.77 $202,528.33
234 $202,528.33 $874.69 $0.00 $1,145.12 $204,548.14
235 $204,548.14 $874.69 $0.00 $1,156.54 $206,579.37
236 $206,579.37 $874.69 $0.00 $1,168.03 $208,622.09
237 $208,622.09 $874.69 $0.00 $1,179.58 $210,676.36
238 $210,676.36 $874.69 $0.00 $1,191.19 $212,742.24
239 $212,742.24 $874.69 $0.00 $1,202.88 $214,819.81
240 $214,819.81 $874.69 $0.00 $1,214.62 $216,909.12
241 $216,909.12 $874.69 $114,155.69 $1,226.44 $104,854.56
242 $104,854.56 $874.69 $0.00 $592.86 $106,322.11
243 $106,322.11 $874.69 $0.00 $601.16 $107,797.96
244 $107,797.96 $874.69 $0.00 $609.51 $109,282.16
245 $109,282.16 $874.69 $0.00 $617.90 $110,774.75
246 $110,774.75 $874.69 $0.00 $626.34 $112,275.78
247 $112,275.78 $874.69 $0.00 $634.82 $113,785.29
248 $113,785.29 $874.69 $0.00 $643.36 $115,303.34
249 $115,303.34 $874.69 $0.00 $651.94 $116,829.97
250 $116,829.97 $874.69 $0.00 $660.57 $118,365.23
251 $118,365.23 $874.69 $0.00 $669.25 $119,909.17
252 $119,909.17 $874.69 $0.00 $677.98 $121,461.84
253 $121,461.84 $0.00 $122,146.59 $686.76 $2.01