Savings Plan and Future Cost Estimation for Colorado School of Mines

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$148,300
Monthly savings required$1,172

How much will it cost to send your child to Colorado School of Mines in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $593,200.11 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,172.05 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$39,529.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,172.05 $0.00 $0.00 $1,172.05
2 $1,172.05 $1,172.05 $0.00 $6.63 $2,350.73
3 $2,350.73 $1,172.05 $0.00 $13.29 $3,536.07
4 $3,536.07 $1,172.05 $0.00 $19.99 $4,728.11
5 $4,728.11 $1,172.05 $0.00 $26.73 $5,926.89
6 $5,926.89 $1,172.05 $0.00 $33.51 $7,132.45
7 $7,132.45 $1,172.05 $0.00 $40.33 $8,344.83
8 $8,344.83 $1,172.05 $0.00 $47.18 $9,564.06
9 $9,564.06 $1,172.05 $0.00 $54.08 $10,790.19
10 $10,790.19 $1,172.05 $0.00 $61.01 $12,023.25
11 $12,023.25 $1,172.05 $0.00 $67.98 $13,263.28
12 $13,263.28 $1,172.05 $0.00 $74.99 $14,510.32
13 $14,510.32 $1,172.05 $0.00 $82.04 $15,764.41
14 $15,764.41 $1,172.05 $0.00 $89.13 $17,025.59
15 $17,025.59 $1,172.05 $0.00 $96.27 $18,293.91
16 $18,293.91 $1,172.05 $0.00 $103.44 $19,569.40
17 $19,569.40 $1,172.05 $0.00 $110.65 $20,852.10
18 $20,852.10 $1,172.05 $0.00 $117.90 $22,142.05
19 $22,142.05 $1,172.05 $0.00 $125.19 $23,439.29
20 $23,439.29 $1,172.05 $0.00 $132.53 $24,743.87
21 $24,743.87 $1,172.05 $0.00 $139.91 $26,055.83
22 $26,055.83 $1,172.05 $0.00 $147.32 $27,375.20
23 $27,375.20 $1,172.05 $0.00 $154.78 $28,702.03
24 $28,702.03 $1,172.05 $0.00 $162.29 $30,036.37
25 $30,036.37 $1,172.05 $0.00 $169.83 $31,378.25
26 $31,378.25 $1,172.05 $0.00 $177.42 $32,727.72
27 $32,727.72 $1,172.05 $0.00 $185.05 $34,084.82
28 $34,084.82 $1,172.05 $0.00 $192.72 $35,449.59
29 $35,449.59 $1,172.05 $0.00 $200.44 $36,822.08
30 $36,822.08 $1,172.05 $0.00 $208.20 $38,202.33
31 $38,202.33 $1,172.05 $0.00 $216.00 $39,590.38
32 $39,590.38 $1,172.05 $0.00 $223.85 $40,986.28
33 $40,986.28 $1,172.05 $0.00 $231.74 $42,390.07
34 $42,390.07 $1,172.05 $0.00 $239.68 $43,801.80
35 $43,801.80 $1,172.05 $0.00 $247.66 $45,221.51
36 $45,221.51 $1,172.05 $0.00 $255.69 $46,649.25
37 $46,649.25 $1,172.05 $0.00 $263.76 $48,085.06
38 $48,085.06 $1,172.05 $0.00 $271.88 $49,528.99
39 $49,528.99 $1,172.05 $0.00 $280.04 $50,981.08
40 $50,981.08 $1,172.05 $0.00 $288.25 $52,441.38
41 $52,441.38 $1,172.05 $0.00 $296.51 $53,909.94
42 $53,909.94 $1,172.05 $0.00 $304.81 $55,386.80
43 $55,386.80 $1,172.05 $0.00 $313.17 $56,872.02
44 $56,872.02 $1,172.05 $0.00 $321.56 $58,365.63
45 $58,365.63 $1,172.05 $0.00 $330.01 $59,867.69
46 $59,867.69 $1,172.05 $0.00 $338.50 $61,378.24
47 $61,378.24 $1,172.05 $0.00 $347.04 $62,897.33
48 $62,897.33 $1,172.05 $0.00 $355.63 $64,425.01
49 $64,425.01 $1,172.05 $0.00 $364.27 $65,961.33
50 $65,961.33 $1,172.05 $0.00 $372.95 $67,506.33
51 $67,506.33 $1,172.05 $0.00 $381.69 $69,060.07
52 $69,060.07 $1,172.05 $0.00 $390.48 $70,622.60
53 $70,622.60 $1,172.05 $0.00 $399.31 $72,193.96
54 $72,193.96 $1,172.05 $0.00 $408.20 $73,774.21
55 $73,774.21 $1,172.05 $0.00 $417.13 $75,363.39
56 $75,363.39 $1,172.05 $0.00 $426.12 $76,961.56
57 $76,961.56 $1,172.05 $0.00 $435.15 $78,568.76
58 $78,568.76 $1,172.05 $0.00 $444.24 $80,185.05
59 $80,185.05 $1,172.05 $0.00 $453.38 $81,810.48
60 $81,810.48 $1,172.05 $0.00 $462.57 $83,445.10
61 $83,445.10 $1,172.05 $0.00 $471.81 $85,088.96
62 $85,088.96 $1,172.05 $0.00 $481.11 $86,742.12
63 $86,742.12 $1,172.05 $0.00 $490.45 $88,404.62
64 $88,404.62 $1,172.05 $0.00 $499.85 $90,076.52
65 $90,076.52 $1,172.05 $0.00 $509.31 $91,757.88
66 $91,757.88 $1,172.05 $0.00 $518.81 $93,448.74
67 $93,448.74 $1,172.05 $0.00 $528.37 $95,149.16
68 $95,149.16 $1,172.05 $0.00 $537.99 $96,859.20
69 $96,859.20 $1,172.05 $0.00 $547.66 $98,578.91
70 $98,578.91 $1,172.05 $0.00 $557.38 $100,308.34
71 $100,308.34 $1,172.05 $0.00 $567.16 $102,047.55
72 $102,047.55 $1,172.05 $0.00 $576.99 $103,796.59
73 $103,796.59 $1,172.05 $0.00 $586.88 $105,555.52
74 $105,555.52 $1,172.05 $0.00 $596.83 $107,324.40
75 $107,324.40 $1,172.05 $0.00 $606.83 $109,103.28
76 $109,103.28 $1,172.05 $0.00 $616.89 $110,892.22
77 $110,892.22 $1,172.05 $0.00 $627.00 $112,691.27
78 $112,691.27 $1,172.05 $0.00 $637.17 $114,500.49
79 $114,500.49 $1,172.05 $0.00 $647.40 $116,319.94
80 $116,319.94 $1,172.05 $0.00 $657.69 $118,149.68
81 $118,149.68 $1,172.05 $0.00 $668.04 $119,989.77
82 $119,989.77 $1,172.05 $0.00 $678.44 $121,840.26
83 $121,840.26 $1,172.05 $0.00 $688.90 $123,701.21
84 $123,701.21 $1,172.05 $0.00 $699.42 $125,572.68
85 $125,572.68 $1,172.05 $0.00 $710.01 $127,454.74
86 $127,454.74 $1,172.05 $0.00 $720.65 $129,347.44
87 $129,347.44 $1,172.05 $0.00 $731.35 $131,250.84
88 $131,250.84 $1,172.05 $0.00 $742.11 $133,165.00
89 $133,165.00 $1,172.05 $0.00 $752.93 $135,089.98
90 $135,089.98 $1,172.05 $0.00 $763.82 $137,025.85
91 $137,025.85 $1,172.05 $0.00 $774.76 $138,972.66
92 $138,972.66 $1,172.05 $0.00 $785.77 $140,930.48
93 $140,930.48 $1,172.05 $0.00 $796.84 $142,899.37
94 $142,899.37 $1,172.05 $0.00 $807.97 $144,879.39
95 $144,879.39 $1,172.05 $0.00 $819.17 $146,870.61
96 $146,870.61 $1,172.05 $0.00 $830.43 $148,873.09
97 $148,873.09 $1,172.05 $0.00 $841.75 $150,886.89
98 $150,886.89 $1,172.05 $0.00 $853.14 $152,912.08
99 $152,912.08 $1,172.05 $0.00 $864.59 $154,948.72
100 $154,948.72 $1,172.05 $0.00 $876.10 $156,996.87
101 $156,996.87 $1,172.05 $0.00 $887.68 $159,056.60
102 $159,056.60 $1,172.05 $0.00 $899.33 $161,127.98
103 $161,127.98 $1,172.05 $0.00 $911.04 $163,211.07
104 $163,211.07 $1,172.05 $0.00 $922.82 $165,305.94
105 $165,305.94 $1,172.05 $0.00 $934.66 $167,412.65
106 $167,412.65 $1,172.05 $0.00 $946.58 $169,531.28
107 $169,531.28 $1,172.05 $0.00 $958.55 $171,661.88
108 $171,661.88 $1,172.05 $0.00 $970.60 $173,804.53
109 $173,804.53 $1,172.05 $0.00 $982.72 $175,959.30
110 $175,959.30 $1,172.05 $0.00 $994.90 $178,126.25
111 $178,126.25 $1,172.05 $0.00 $1,007.15 $180,305.45
112 $180,305.45 $1,172.05 $0.00 $1,019.47 $182,496.97
113 $182,496.97 $1,172.05 $0.00 $1,031.86 $184,700.88
114 $184,700.88 $1,172.05 $0.00 $1,044.33 $186,917.26
115 $186,917.26 $1,172.05 $0.00 $1,056.86 $189,146.17
116 $189,146.17 $1,172.05 $0.00 $1,069.46 $191,387.68
117 $191,387.68 $1,172.05 $0.00 $1,082.13 $193,641.86
118 $193,641.86 $1,172.05 $0.00 $1,094.88 $195,908.79
119 $195,908.79 $1,172.05 $0.00 $1,107.70 $198,188.54
120 $198,188.54 $1,172.05 $0.00 $1,120.59 $200,481.18
121 $200,481.18 $1,172.05 $0.00 $1,133.55 $202,786.78
122 $202,786.78 $1,172.05 $0.00 $1,146.59 $205,105.42
123 $205,105.42 $1,172.05 $0.00 $1,159.70 $207,437.17
124 $207,437.17 $1,172.05 $0.00 $1,172.88 $209,782.10
125 $209,782.10 $1,172.05 $0.00 $1,186.14 $212,140.29
126 $212,140.29 $1,172.05 $0.00 $1,199.47 $214,511.81
127 $214,511.81 $1,172.05 $0.00 $1,212.88 $216,896.74
128 $216,896.74 $1,172.05 $0.00 $1,226.37 $219,295.16
129 $219,295.16 $1,172.05 $0.00 $1,239.93 $221,707.14
130 $221,707.14 $1,172.05 $0.00 $1,253.56 $224,132.75
131 $224,132.75 $1,172.05 $0.00 $1,267.28 $226,572.08
132 $226,572.08 $1,172.05 $0.00 $1,281.07 $229,025.20
133 $229,025.20 $1,172.05 $0.00 $1,294.94 $231,492.19
134 $231,492.19 $1,172.05 $0.00 $1,308.89 $233,973.13
135 $233,973.13 $1,172.05 $0.00 $1,322.92 $236,468.10
136 $236,468.10 $1,172.05 $0.00 $1,337.03 $238,977.18
137 $238,977.18 $1,172.05 $0.00 $1,351.21 $241,500.44
138 $241,500.44 $1,172.05 $0.00 $1,365.48 $244,037.97
139 $244,037.97 $1,172.05 $0.00 $1,379.83 $246,589.85
140 $246,589.85 $1,172.05 $0.00 $1,394.25 $249,156.15
141 $249,156.15 $1,172.05 $0.00 $1,408.77 $251,736.97
142 $251,736.97 $1,172.05 $0.00 $1,423.36 $254,332.38
143 $254,332.38 $1,172.05 $0.00 $1,438.03 $256,942.46
144 $256,942.46 $1,172.05 $0.00 $1,452.79 $259,567.30
145 $259,567.30 $1,172.05 $0.00 $1,467.63 $262,206.98
146 $262,206.98 $1,172.05 $0.00 $1,482.56 $264,861.59
147 $264,861.59 $1,172.05 $0.00 $1,497.57 $267,531.21
148 $267,531.21 $1,172.05 $0.00 $1,512.66 $270,215.92
149 $270,215.92 $1,172.05 $0.00 $1,527.84 $272,915.81
150 $272,915.81 $1,172.05 $0.00 $1,543.11 $275,630.97
151 $275,630.97 $1,172.05 $0.00 $1,558.46 $278,361.48
152 $278,361.48 $1,172.05 $0.00 $1,573.90 $281,107.43
153 $281,107.43 $1,172.05 $0.00 $1,589.42 $283,868.90
154 $283,868.90 $1,172.05 $0.00 $1,605.04 $286,645.99
155 $286,645.99 $1,172.05 $0.00 $1,620.74 $289,438.78
156 $289,438.78 $1,172.05 $0.00 $1,636.53 $292,247.36
157 $292,247.36 $1,172.05 $0.00 $1,652.41 $295,071.82
158 $295,071.82 $1,172.05 $0.00 $1,668.38 $297,912.25
159 $297,912.25 $1,172.05 $0.00 $1,684.44 $300,768.74
160 $300,768.74 $1,172.05 $0.00 $1,700.59 $303,641.38
161 $303,641.38 $1,172.05 $0.00 $1,716.83 $306,530.26
162 $306,530.26 $1,172.05 $0.00 $1,733.17 $309,435.48
163 $309,435.48 $1,172.05 $0.00 $1,749.59 $312,357.12
164 $312,357.12 $1,172.05 $0.00 $1,766.11 $315,295.28
165 $315,295.28 $1,172.05 $0.00 $1,782.73 $318,250.06
166 $318,250.06 $1,172.05 $0.00 $1,799.43 $321,221.54
167 $321,221.54 $1,172.05 $0.00 $1,816.23 $324,209.82
168 $324,209.82 $1,172.05 $0.00 $1,833.13 $327,215.00
169 $327,215.00 $1,172.05 $0.00 $1,850.12 $330,237.17
170 $330,237.17 $1,172.05 $0.00 $1,867.21 $333,276.43
171 $333,276.43 $1,172.05 $0.00 $1,884.39 $336,332.87
172 $336,332.87 $1,172.05 $0.00 $1,901.67 $339,406.59
173 $339,406.59 $1,172.05 $0.00 $1,919.05 $342,497.69
174 $342,497.69 $1,172.05 $0.00 $1,936.53 $345,606.27
175 $345,606.27 $1,172.05 $0.00 $1,954.11 $348,732.43
176 $348,732.43 $1,172.05 $0.00 $1,971.78 $351,876.26
177 $351,876.26 $1,172.05 $0.00 $1,989.56 $355,037.87
178 $355,037.87 $1,172.05 $0.00 $2,007.44 $358,217.36
179 $358,217.36 $1,172.05 $0.00 $2,025.41 $361,414.82
180 $361,414.82 $1,172.05 $0.00 $2,043.49 $364,630.36
181 $364,630.36 $1,172.05 $0.00 $2,061.67 $367,864.08
182 $367,864.08 $1,172.05 $0.00 $2,079.96 $371,116.09
183 $371,116.09 $1,172.05 $0.00 $2,098.34 $374,386.48
184 $374,386.48 $1,172.05 $0.00 $2,116.84 $377,675.37
185 $377,675.37 $1,172.05 $0.00 $2,135.43 $380,982.85
186 $380,982.85 $1,172.05 $0.00 $2,154.13 $384,309.03
187 $384,309.03 $1,172.05 $0.00 $2,172.94 $387,654.02
188 $387,654.02 $1,172.05 $0.00 $2,191.85 $391,017.92
189 $391,017.92 $1,172.05 $0.00 $2,210.87 $394,400.84
190 $394,400.84 $1,172.05 $0.00 $2,230.00 $397,802.89
191 $397,802.89 $1,172.05 $0.00 $2,249.24 $401,224.18
192 $401,224.18 $1,172.05 $0.00 $2,268.58 $404,664.81
193 $404,664.81 $1,172.05 $0.00 $2,288.03 $408,124.89
194 $408,124.89 $1,172.05 $0.00 $2,307.60 $411,604.54
195 $411,604.54 $1,172.05 $0.00 $2,327.27 $415,103.86
196 $415,103.86 $1,172.05 $0.00 $2,347.06 $418,622.97
197 $418,622.97 $1,172.05 $0.00 $2,366.96 $422,161.98
198 $422,161.98 $1,172.05 $0.00 $2,386.97 $425,721.00
199 $425,721.00 $1,172.05 $0.00 $2,407.09 $429,300.14
200 $429,300.14 $1,172.05 $0.00 $2,427.33 $432,899.52
201 $432,899.52 $1,172.05 $0.00 $2,447.68 $436,519.25
202 $436,519.25 $1,172.05 $0.00 $2,468.14 $440,159.44
203 $440,159.44 $1,172.05 $0.00 $2,488.73 $443,820.22
204 $443,820.22 $1,172.05 $0.00 $2,509.42 $447,501.69
205 $447,501.69 $1,172.05 $0.00 $2,530.24 $451,203.98
206 $451,203.98 $1,172.05 $0.00 $2,551.17 $454,927.20
207 $454,927.20 $1,172.05 $0.00 $2,572.22 $458,671.47
208 $458,671.47 $1,172.05 $0.00 $2,593.40 $462,436.92
209 $462,436.92 $1,172.05 $0.00 $2,614.69 $466,223.66
210 $466,223.66 $1,172.05 $0.00 $2,636.10 $470,031.81
211 $470,031.81 $1,172.05 $0.00 $2,657.63 $473,861.49
212 $473,861.49 $1,172.05 $0.00 $2,679.28 $477,712.82
213 $477,712.82 $1,172.05 $0.00 $2,701.06 $481,585.93
214 $481,585.93 $1,172.05 $0.00 $2,722.96 $485,480.94
215 $485,480.94 $1,172.05 $0.00 $2,744.98 $489,397.97
216 $489,397.97 $1,172.05 $0.00 $2,767.13 $493,337.15
217 $493,337.15 $1,172.05 $133,605.34 $2,789.40 $363,693.26
218 $363,693.26 $1,172.05 $0.00 $2,056.37 $366,921.68
219 $366,921.68 $1,172.05 $0.00 $2,074.63 $370,168.36
220 $370,168.36 $1,172.05 $0.00 $2,092.99 $373,433.40
221 $373,433.40 $1,172.05 $0.00 $2,111.45 $376,716.90
222 $376,716.90 $1,172.05 $0.00 $2,130.01 $380,018.96
223 $380,018.96 $1,172.05 $0.00 $2,148.68 $383,339.69
224 $383,339.69 $1,172.05 $0.00 $2,167.46 $386,679.20
225 $386,679.20 $1,172.05 $0.00 $2,186.34 $390,037.59
226 $390,037.59 $1,172.05 $0.00 $2,205.33 $393,414.97
227 $393,414.97 $1,172.05 $0.00 $2,224.43 $396,811.45
228 $396,811.45 $1,172.05 $0.00 $2,243.63 $400,227.13
229 $400,227.13 $1,172.05 $142,957.72 $2,262.94 $260,704.40
230 $260,704.40 $1,172.05 $0.00 $1,474.06 $263,350.51
231 $263,350.51 $1,172.05 $0.00 $1,489.02 $266,011.58
232 $266,011.58 $1,172.05 $0.00 $1,504.07 $268,687.70
233 $268,687.70 $1,172.05 $0.00 $1,519.20 $271,378.95
234 $271,378.95 $1,172.05 $0.00 $1,534.42 $274,085.42
235 $274,085.42 $1,172.05 $0.00 $1,549.72 $276,807.19
236 $276,807.19 $1,172.05 $0.00 $1,565.11 $279,544.35
237 $279,544.35 $1,172.05 $0.00 $1,580.58 $282,296.98
238 $282,296.98 $1,172.05 $0.00 $1,596.15 $285,065.18
239 $285,065.18 $1,172.05 $0.00 $1,611.80 $287,849.03
240 $287,849.03 $1,172.05 $0.00 $1,627.54 $290,648.62
241 $290,648.62 $1,172.05 $152,964.76 $1,643.37 $140,499.28
242 $140,499.28 $1,172.05 $0.00 $794.40 $142,465.73
243 $142,465.73 $1,172.05 $0.00 $805.52 $144,443.30
244 $144,443.30 $1,172.05 $0.00 $816.70 $146,432.05
245 $146,432.05 $1,172.05 $0.00 $827.95 $148,432.05
246 $148,432.05 $1,172.05 $0.00 $839.26 $150,443.36
247 $150,443.36 $1,172.05 $0.00 $850.63 $152,466.04
248 $152,466.04 $1,172.05 $0.00 $862.07 $154,500.16
249 $154,500.16 $1,172.05 $0.00 $873.57 $156,545.78
250 $156,545.78 $1,172.05 $0.00 $885.13 $158,602.96
251 $158,602.96 $1,172.05 $0.00 $896.76 $160,671.77
252 $160,671.77 $1,172.05 $0.00 $908.46 $162,752.28
253 $162,752.28 $0.00 $163,672.29 $920.23 $0.22