Savings Plan and Future Cost Estimation for Pomona College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$304,621
Monthly savings required$2,407

How much will it cost to send your child to Pomona College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $1,218,484.55 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $2,407.49 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$81,196.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $2,407.49 $0.00 $0.00 $2,407.49
2 $2,407.49 $2,407.49 $0.00 $13.61 $4,828.59
3 $4,828.59 $2,407.49 $0.00 $27.30 $7,263.38
4 $7,263.38 $2,407.49 $0.00 $41.07 $9,711.94
5 $9,711.94 $2,407.49 $0.00 $54.91 $12,174.34
6 $12,174.34 $2,407.49 $0.00 $68.84 $14,650.67
7 $14,650.67 $2,407.49 $0.00 $82.84 $17,141.00
8 $17,141.00 $2,407.49 $0.00 $96.92 $19,645.41
9 $19,645.41 $2,407.49 $0.00 $111.08 $22,163.98
10 $22,163.98 $2,407.49 $0.00 $125.32 $24,696.79
11 $24,696.79 $2,407.49 $0.00 $139.64 $27,243.92
12 $27,243.92 $2,407.49 $0.00 $154.04 $29,805.45
13 $29,805.45 $2,407.49 $0.00 $168.52 $32,381.46
14 $32,381.46 $2,407.49 $0.00 $183.09 $34,972.04
15 $34,972.04 $2,407.49 $0.00 $197.74 $37,577.27
16 $37,577.27 $2,407.49 $0.00 $212.47 $40,197.23
17 $40,197.23 $2,407.49 $0.00 $227.28 $42,832.00
18 $42,832.00 $2,407.49 $0.00 $242.18 $45,481.67
19 $45,481.67 $2,407.49 $0.00 $257.16 $48,146.32
20 $48,146.32 $2,407.49 $0.00 $272.23 $50,826.04
21 $50,826.04 $2,407.49 $0.00 $287.38 $53,520.91
22 $53,520.91 $2,407.49 $0.00 $302.62 $56,231.02
23 $56,231.02 $2,407.49 $0.00 $317.94 $58,956.45
24 $58,956.45 $2,407.49 $0.00 $333.35 $61,697.29
25 $61,697.29 $2,407.49 $0.00 $348.85 $64,453.63
26 $64,453.63 $2,407.49 $0.00 $364.43 $67,225.55
27 $67,225.55 $2,407.49 $0.00 $380.10 $70,013.14
28 $70,013.14 $2,407.49 $0.00 $395.86 $72,816.49
29 $72,816.49 $2,407.49 $0.00 $411.72 $75,635.70
30 $75,635.70 $2,407.49 $0.00 $427.66 $78,470.85
31 $78,470.85 $2,407.49 $0.00 $443.69 $81,322.03
32 $81,322.03 $2,407.49 $0.00 $459.81 $84,189.33
33 $84,189.33 $2,407.49 $0.00 $476.02 $87,072.84
34 $87,072.84 $2,407.49 $0.00 $492.32 $89,972.65
35 $89,972.65 $2,407.49 $0.00 $508.72 $92,888.86
36 $92,888.86 $2,407.49 $0.00 $525.21 $95,821.56
37 $95,821.56 $2,407.49 $0.00 $541.79 $98,770.84
38 $98,770.84 $2,407.49 $0.00 $558.46 $101,736.79
39 $101,736.79 $2,407.49 $0.00 $575.23 $104,719.51
40 $104,719.51 $2,407.49 $0.00 $592.10 $107,719.10
41 $107,719.10 $2,407.49 $0.00 $609.06 $110,735.65
42 $110,735.65 $2,407.49 $0.00 $626.12 $113,769.26
43 $113,769.26 $2,407.49 $0.00 $643.27 $116,820.02
44 $116,820.02 $2,407.49 $0.00 $660.52 $119,888.03
45 $119,888.03 $2,407.49 $0.00 $677.86 $122,973.38
46 $122,973.38 $2,407.49 $0.00 $695.31 $126,076.18
47 $126,076.18 $2,407.49 $0.00 $712.85 $129,196.52
48 $129,196.52 $2,407.49 $0.00 $730.50 $132,334.51
49 $132,334.51 $2,407.49 $0.00 $748.24 $135,490.24
50 $135,490.24 $2,407.49 $0.00 $766.08 $138,663.81
51 $138,663.81 $2,407.49 $0.00 $784.03 $141,855.33
52 $141,855.33 $2,407.49 $0.00 $802.07 $145,064.89
53 $145,064.89 $2,407.49 $0.00 $820.22 $148,292.60
54 $148,292.60 $2,407.49 $0.00 $838.47 $151,538.56
55 $151,538.56 $2,407.49 $0.00 $856.82 $154,802.87
56 $154,802.87 $2,407.49 $0.00 $875.28 $158,085.64
57 $158,085.64 $2,407.49 $0.00 $893.84 $161,386.97
58 $161,386.97 $2,407.49 $0.00 $912.51 $164,706.97
59 $164,706.97 $2,407.49 $0.00 $931.28 $168,045.74
60 $168,045.74 $2,407.49 $0.00 $950.16 $171,403.39
61 $171,403.39 $2,407.49 $0.00 $969.14 $174,780.02
62 $174,780.02 $2,407.49 $0.00 $988.23 $178,175.74
63 $178,175.74 $2,407.49 $0.00 $1,007.43 $181,590.66
64 $181,590.66 $2,407.49 $0.00 $1,026.74 $185,024.89
65 $185,024.89 $2,407.49 $0.00 $1,046.16 $188,478.54
66 $188,478.54 $2,407.49 $0.00 $1,065.69 $191,951.72
67 $191,951.72 $2,407.49 $0.00 $1,085.32 $195,444.53
68 $195,444.53 $2,407.49 $0.00 $1,105.07 $198,957.09
69 $198,957.09 $2,407.49 $0.00 $1,124.93 $202,489.51
70 $202,489.51 $2,407.49 $0.00 $1,144.91 $206,041.91
71 $206,041.91 $2,407.49 $0.00 $1,164.99 $209,614.39
72 $209,614.39 $2,407.49 $0.00 $1,185.19 $213,207.07
73 $213,207.07 $2,407.49 $0.00 $1,205.50 $216,820.06
74 $216,820.06 $2,407.49 $0.00 $1,225.93 $220,453.48
75 $220,453.48 $2,407.49 $0.00 $1,246.48 $224,107.45
76 $224,107.45 $2,407.49 $0.00 $1,267.14 $227,782.08
77 $227,782.08 $2,407.49 $0.00 $1,287.91 $231,477.48
78 $231,477.48 $2,407.49 $0.00 $1,308.81 $235,193.78
79 $235,193.78 $2,407.49 $0.00 $1,329.82 $238,931.09
80 $238,931.09 $2,407.49 $0.00 $1,350.95 $242,689.53
81 $242,689.53 $2,407.49 $0.00 $1,372.20 $246,469.22
82 $246,469.22 $2,407.49 $0.00 $1,393.57 $250,270.28
83 $250,270.28 $2,407.49 $0.00 $1,415.06 $254,092.83
84 $254,092.83 $2,407.49 $0.00 $1,436.68 $257,937.00
85 $257,937.00 $2,407.49 $0.00 $1,458.41 $261,802.90
86 $261,802.90 $2,407.49 $0.00 $1,480.27 $265,690.66
87 $265,690.66 $2,407.49 $0.00 $1,502.25 $269,600.40
88 $269,600.40 $2,407.49 $0.00 $1,524.36 $273,532.25
89 $273,532.25 $2,407.49 $0.00 $1,546.59 $277,486.33
90 $277,486.33 $2,407.49 $0.00 $1,568.95 $281,462.77
91 $281,462.77 $2,407.49 $0.00 $1,591.43 $285,461.69
92 $285,461.69 $2,407.49 $0.00 $1,614.04 $289,483.22
93 $289,483.22 $2,407.49 $0.00 $1,636.78 $293,527.49
94 $293,527.49 $2,407.49 $0.00 $1,659.65 $297,594.63
95 $297,594.63 $2,407.49 $0.00 $1,682.64 $301,684.76
96 $301,684.76 $2,407.49 $0.00 $1,705.77 $305,798.02
97 $305,798.02 $2,407.49 $0.00 $1,729.03 $309,934.54
98 $309,934.54 $2,407.49 $0.00 $1,752.41 $314,094.44
99 $314,094.44 $2,407.49 $0.00 $1,775.94 $318,277.87
100 $318,277.87 $2,407.49 $0.00 $1,799.59 $322,484.95
101 $322,484.95 $2,407.49 $0.00 $1,823.38 $326,715.82
102 $326,715.82 $2,407.49 $0.00 $1,847.30 $330,970.61
103 $330,970.61 $2,407.49 $0.00 $1,871.36 $335,249.46
104 $335,249.46 $2,407.49 $0.00 $1,895.55 $339,552.50
105 $339,552.50 $2,407.49 $0.00 $1,919.88 $343,879.87
106 $343,879.87 $2,407.49 $0.00 $1,944.35 $348,231.71
107 $348,231.71 $2,407.49 $0.00 $1,968.95 $352,608.15
108 $352,608.15 $2,407.49 $0.00 $1,993.70 $357,009.34
109 $357,009.34 $2,407.49 $0.00 $2,018.58 $361,435.41
110 $361,435.41 $2,407.49 $0.00 $2,043.61 $365,886.51
111 $365,886.51 $2,407.49 $0.00 $2,068.78 $370,362.78
112 $370,362.78 $2,407.49 $0.00 $2,094.09 $374,864.36
113 $374,864.36 $2,407.49 $0.00 $2,119.54 $379,391.39
114 $379,391.39 $2,407.49 $0.00 $2,145.13 $383,944.01
115 $383,944.01 $2,407.49 $0.00 $2,170.88 $388,522.38
116 $388,522.38 $2,407.49 $0.00 $2,196.76 $393,126.63
117 $393,126.63 $2,407.49 $0.00 $2,222.80 $397,756.92
118 $397,756.92 $2,407.49 $0.00 $2,248.98 $402,413.39
119 $402,413.39 $2,407.49 $0.00 $2,275.30 $407,096.18
120 $407,096.18 $2,407.49 $0.00 $2,301.78 $411,805.45
121 $411,805.45 $2,407.49 $0.00 $2,328.41 $416,541.35
122 $416,541.35 $2,407.49 $0.00 $2,355.19 $421,304.03
123 $421,304.03 $2,407.49 $0.00 $2,382.11 $426,093.63
124 $426,093.63 $2,407.49 $0.00 $2,409.20 $430,910.32
125 $430,910.32 $2,407.49 $0.00 $2,436.43 $435,754.24
126 $435,754.24 $2,407.49 $0.00 $2,463.82 $440,625.55
127 $440,625.55 $2,407.49 $0.00 $2,491.36 $445,524.40
128 $445,524.40 $2,407.49 $0.00 $2,519.06 $450,450.95
129 $450,450.95 $2,407.49 $0.00 $2,546.92 $455,405.36
130 $455,405.36 $2,407.49 $0.00 $2,574.93 $460,387.78
131 $460,387.78 $2,407.49 $0.00 $2,603.10 $465,398.37
132 $465,398.37 $2,407.49 $0.00 $2,631.43 $470,437.29
133 $470,437.29 $2,407.49 $0.00 $2,659.92 $475,504.70
134 $475,504.70 $2,407.49 $0.00 $2,688.57 $480,600.76
135 $480,600.76 $2,407.49 $0.00 $2,717.39 $485,725.64
136 $485,725.64 $2,407.49 $0.00 $2,746.36 $490,879.49
137 $490,879.49 $2,407.49 $0.00 $2,775.50 $496,062.48
138 $496,062.48 $2,407.49 $0.00 $2,804.81 $501,274.78
139 $501,274.78 $2,407.49 $0.00 $2,834.28 $506,516.55
140 $506,516.55 $2,407.49 $0.00 $2,863.92 $511,787.96
141 $511,787.96 $2,407.49 $0.00 $2,893.72 $517,089.17
142 $517,089.17 $2,407.49 $0.00 $2,923.70 $522,420.36
143 $522,420.36 $2,407.49 $0.00 $2,953.84 $527,781.69
144 $527,781.69 $2,407.49 $0.00 $2,984.15 $533,173.33
145 $533,173.33 $2,407.49 $0.00 $3,014.64 $538,595.46
146 $538,595.46 $2,407.49 $0.00 $3,045.30 $544,048.25
147 $544,048.25 $2,407.49 $0.00 $3,076.13 $549,531.87
148 $549,531.87 $2,407.49 $0.00 $3,107.13 $555,046.49
149 $555,046.49 $2,407.49 $0.00 $3,138.31 $560,592.29
150 $560,592.29 $2,407.49 $0.00 $3,169.67 $566,169.45
151 $566,169.45 $2,407.49 $0.00 $3,201.20 $571,778.14
152 $571,778.14 $2,407.49 $0.00 $3,232.92 $577,418.55
153 $577,418.55 $2,407.49 $0.00 $3,264.81 $583,090.85
154 $583,090.85 $2,407.49 $0.00 $3,296.88 $588,795.22
155 $588,795.22 $2,407.49 $0.00 $3,329.13 $594,531.84
156 $594,531.84 $2,407.49 $0.00 $3,361.57 $600,300.90
157 $600,300.90 $2,407.49 $0.00 $3,394.19 $606,102.58
158 $606,102.58 $2,407.49 $0.00 $3,426.99 $611,937.06
159 $611,937.06 $2,407.49 $0.00 $3,459.98 $617,804.53
160 $617,804.53 $2,407.49 $0.00 $3,493.16 $623,705.18
161 $623,705.18 $2,407.49 $0.00 $3,526.52 $629,639.19
162 $629,639.19 $2,407.49 $0.00 $3,560.07 $635,606.75
163 $635,606.75 $2,407.49 $0.00 $3,593.81 $641,608.05
164 $641,608.05 $2,407.49 $0.00 $3,627.75 $647,643.29
165 $647,643.29 $2,407.49 $0.00 $3,661.87 $653,712.65
166 $653,712.65 $2,407.49 $0.00 $3,696.19 $659,816.33
167 $659,816.33 $2,407.49 $0.00 $3,730.70 $665,954.52
168 $665,954.52 $2,407.49 $0.00 $3,765.40 $672,127.41
169 $672,127.41 $2,407.49 $0.00 $3,800.31 $678,335.21
170 $678,335.21 $2,407.49 $0.00 $3,835.41 $684,578.11
171 $684,578.11 $2,407.49 $0.00 $3,870.70 $690,856.30
172 $690,856.30 $2,407.49 $0.00 $3,906.20 $697,169.99
173 $697,169.99 $2,407.49 $0.00 $3,941.90 $703,519.38
174 $703,519.38 $2,407.49 $0.00 $3,977.80 $709,904.67
175 $709,904.67 $2,407.49 $0.00 $4,013.90 $716,326.06
176 $716,326.06 $2,407.49 $0.00 $4,050.21 $722,783.76
177 $722,783.76 $2,407.49 $0.00 $4,086.72 $729,277.97
178 $729,277.97 $2,407.49 $0.00 $4,123.44 $735,808.90
179 $735,808.90 $2,407.49 $0.00 $4,160.37 $742,376.76
180 $742,376.76 $2,407.49 $0.00 $4,197.51 $748,981.76
181 $748,981.76 $2,407.49 $0.00 $4,234.85 $755,624.10
182 $755,624.10 $2,407.49 $0.00 $4,272.41 $762,304.00
183 $762,304.00 $2,407.49 $0.00 $4,310.18 $769,021.67
184 $769,021.67 $2,407.49 $0.00 $4,348.16 $775,777.32
185 $775,777.32 $2,407.49 $0.00 $4,386.36 $782,571.17
186 $782,571.17 $2,407.49 $0.00 $4,424.77 $789,403.43
187 $789,403.43 $2,407.49 $0.00 $4,463.40 $796,274.32
188 $796,274.32 $2,407.49 $0.00 $4,502.25 $803,184.06
189 $803,184.06 $2,407.49 $0.00 $4,541.32 $810,132.87
190 $810,132.87 $2,407.49 $0.00 $4,580.61 $817,120.97
191 $817,120.97 $2,407.49 $0.00 $4,620.12 $824,148.58
192 $824,148.58 $2,407.49 $0.00 $4,659.86 $831,215.93
193 $831,215.93 $2,407.49 $0.00 $4,699.82 $838,323.24
194 $838,323.24 $2,407.49 $0.00 $4,740.00 $845,470.73
195 $845,470.73 $2,407.49 $0.00 $4,780.41 $852,658.63
196 $852,658.63 $2,407.49 $0.00 $4,821.06 $859,887.18
197 $859,887.18 $2,407.49 $0.00 $4,861.93 $867,156.60
198 $867,156.60 $2,407.49 $0.00 $4,903.03 $874,467.12
199 $874,467.12 $2,407.49 $0.00 $4,944.36 $881,818.97
200 $881,818.97 $2,407.49 $0.00 $4,985.93 $889,212.39
201 $889,212.39 $2,407.49 $0.00 $5,027.74 $896,647.62
202 $896,647.62 $2,407.49 $0.00 $5,069.78 $904,124.89
203 $904,124.89 $2,407.49 $0.00 $5,112.05 $911,644.43
204 $911,644.43 $2,407.49 $0.00 $5,154.57 $919,206.49
205 $919,206.49 $2,407.49 $0.00 $5,197.33 $926,811.31
206 $926,811.31 $2,407.49 $0.00 $5,240.33 $934,459.13
207 $934,459.13 $2,407.49 $0.00 $5,283.57 $942,150.19
208 $942,150.19 $2,407.49 $0.00 $5,327.05 $949,884.73
209 $949,884.73 $2,407.49 $0.00 $5,370.79 $957,663.01
210 $957,663.01 $2,407.49 $0.00 $5,414.77 $965,485.27
211 $965,485.27 $2,407.49 $0.00 $5,458.99 $973,351.75
212 $973,351.75 $2,407.49 $0.00 $5,503.47 $981,262.71
213 $981,262.71 $2,407.49 $0.00 $5,548.20 $989,218.40
214 $989,218.40 $2,407.49 $0.00 $5,593.18 $997,219.07
215 $997,219.07 $2,407.49 $0.00 $5,638.42 $1,005,264.98
216 $1,005,264.98 $2,407.49 $0.00 $5,683.91 $1,013,356.38
217 $1,013,356.38 $2,407.49 $274,436.98 $5,729.66 $747,056.55
218 $747,056.55 $2,407.49 $0.00 $4,223.97 $753,688.01
219 $753,688.01 $2,407.49 $0.00 $4,261.46 $760,356.96
220 $760,356.96 $2,407.49 $0.00 $4,299.17 $767,063.62
221 $767,063.62 $2,407.49 $0.00 $4,337.09 $773,808.20
222 $773,808.20 $2,407.49 $0.00 $4,375.22 $780,590.91
223 $780,590.91 $2,407.49 $0.00 $4,413.57 $787,411.97
224 $787,411.97 $2,407.49 $0.00 $4,452.14 $794,271.60
225 $794,271.60 $2,407.49 $0.00 $4,490.93 $801,170.02
226 $801,170.02 $2,407.49 $0.00 $4,529.93 $808,107.44
227 $808,107.44 $2,407.49 $0.00 $4,569.16 $815,084.09
228 $815,084.09 $2,407.49 $0.00 $4,608.60 $822,100.18
229 $822,100.18 $2,407.49 $293,647.57 $4,648.27 $535,508.37
230 $535,508.37 $2,407.49 $0.00 $3,027.84 $540,943.70
231 $540,943.70 $2,407.49 $0.00 $3,058.57 $546,409.76
232 $546,409.76 $2,407.49 $0.00 $3,089.48 $551,906.73
233 $551,906.73 $2,407.49 $0.00 $3,120.56 $557,434.78
234 $557,434.78 $2,407.49 $0.00 $3,151.82 $562,994.09
235 $562,994.09 $2,407.49 $0.00 $3,183.25 $568,584.83
236 $568,584.83 $2,407.49 $0.00 $3,214.86 $574,207.18
237 $574,207.18 $2,407.49 $0.00 $3,246.65 $579,861.32
238 $579,861.32 $2,407.49 $0.00 $3,278.62 $585,547.43
239 $585,547.43 $2,407.49 $0.00 $3,310.77 $591,265.69
240 $591,265.69 $2,407.49 $0.00 $3,343.10 $597,016.28
241 $597,016.28 $2,407.49 $314,202.90 $3,375.62 $288,596.49
242 $288,596.49 $2,407.49 $0.00 $1,631.77 $292,635.75
243 $292,635.75 $2,407.49 $0.00 $1,654.61 $296,697.85
244 $296,697.85 $2,407.49 $0.00 $1,677.57 $300,782.91
245 $300,782.91 $2,407.49 $0.00 $1,700.67 $304,891.07
246 $304,891.07 $2,407.49 $0.00 $1,723.90 $309,022.46
247 $309,022.46 $2,407.49 $0.00 $1,747.26 $313,177.21
248 $313,177.21 $2,407.49 $0.00 $1,770.75 $317,355.45
249 $317,355.45 $2,407.49 $0.00 $1,794.37 $321,557.31
250 $321,557.31 $2,407.49 $0.00 $1,818.13 $325,782.93
251 $325,782.93 $2,407.49 $0.00 $1,842.02 $330,032.44
252 $330,032.44 $2,407.49 $0.00 $1,866.05 $334,305.98
253 $334,305.98 $0.00 $336,197.10 $1,890.21 -$0.91