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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$138,711
Monthly savings required$1,098

How much will it cost to send your child to Oglethorpe University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $554,842.66 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,098.00 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$53,490.00
Years until enrollment18
Annual Tuition Increase5%
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 $1,098.00 $0.00 $0.00 $1,098.00
2 $1,098.00 $1,098.00 $0.00 $6.21 $2,202.21
3 $2,202.21 $1,098.00 $0.00 $12.45 $3,312.66
4 $3,312.66 $1,098.00 $0.00 $18.73 $4,429.39
5 $4,429.39 $1,098.00 $0.00 $25.04 $5,552.43
6 $5,552.43 $1,098.00 $0.00 $31.39 $6,681.82
7 $6,681.82 $1,098.00 $0.00 $37.78 $7,817.60
8 $7,817.60 $1,098.00 $0.00 $44.20 $8,959.80
9 $8,959.80 $1,098.00 $0.00 $50.66 $10,108.46
10 $10,108.46 $1,098.00 $0.00 $57.15 $11,263.61
11 $11,263.61 $1,098.00 $0.00 $63.69 $12,425.30
12 $12,425.30 $1,098.00 $0.00 $70.25 $13,593.55
13 $13,593.55 $1,098.00 $0.00 $76.86 $14,768.41
14 $14,768.41 $1,098.00 $0.00 $83.50 $15,949.91
15 $15,949.91 $1,098.00 $0.00 $90.18 $17,138.09
16 $17,138.09 $1,098.00 $0.00 $96.90 $18,332.99
17 $18,332.99 $1,098.00 $0.00 $103.66 $19,534.65
18 $19,534.65 $1,098.00 $0.00 $110.45 $20,743.10
19 $20,743.10 $1,098.00 $0.00 $117.28 $21,958.38
20 $21,958.38 $1,098.00 $0.00 $124.16 $23,180.54
21 $23,180.54 $1,098.00 $0.00 $131.07 $24,409.61
22 $24,409.61 $1,098.00 $0.00 $138.02 $25,645.63
23 $25,645.63 $1,098.00 $0.00 $145.00 $26,888.63
24 $26,888.63 $1,098.00 $0.00 $152.03 $28,138.66
25 $28,138.66 $1,098.00 $0.00 $159.10 $29,395.76
26 $29,395.76 $1,098.00 $0.00 $166.21 $30,659.97
27 $30,659.97 $1,098.00 $0.00 $173.36 $31,931.33
28 $31,931.33 $1,098.00 $0.00 $180.54 $33,209.87
29 $33,209.87 $1,098.00 $0.00 $187.77 $34,495.64
30 $34,495.64 $1,098.00 $0.00 $195.04 $35,788.68
31 $35,788.68 $1,098.00 $0.00 $202.35 $37,089.03
32 $37,089.03 $1,098.00 $0.00 $209.71 $38,396.74
33 $38,396.74 $1,098.00 $0.00 $217.10 $39,711.84
34 $39,711.84 $1,098.00 $0.00 $224.54 $41,034.38
35 $41,034.38 $1,098.00 $0.00 $232.01 $42,364.39
36 $42,364.39 $1,098.00 $0.00 $239.53 $43,701.92
37 $43,701.92 $1,098.00 $0.00 $247.10 $45,047.02
38 $45,047.02 $1,098.00 $0.00 $254.70 $46,399.72
39 $46,399.72 $1,098.00 $0.00 $262.35 $47,760.07
40 $47,760.07 $1,098.00 $0.00 $270.04 $49,128.11
41 $49,128.11 $1,098.00 $0.00 $277.78 $50,503.89
42 $50,503.89 $1,098.00 $0.00 $285.56 $51,887.45
43 $51,887.45 $1,098.00 $0.00 $293.38 $53,278.83
44 $53,278.83 $1,098.00 $0.00 $301.25 $54,678.08
45 $54,678.08 $1,098.00 $0.00 $309.16 $56,085.24
46 $56,085.24 $1,098.00 $0.00 $317.11 $57,500.35
47 $57,500.35 $1,098.00 $0.00 $325.12 $58,923.47
48 $58,923.47 $1,098.00 $0.00 $333.16 $60,354.63
49 $60,354.63 $1,098.00 $0.00 $341.25 $61,793.88
50 $61,793.88 $1,098.00 $0.00 $349.39 $63,241.27
51 $63,241.27 $1,098.00 $0.00 $357.58 $64,696.85
52 $64,696.85 $1,098.00 $0.00 $365.81 $66,160.66
53 $66,160.66 $1,098.00 $0.00 $374.08 $67,632.74
54 $67,632.74 $1,098.00 $0.00 $382.41 $69,113.15
55 $69,113.15 $1,098.00 $0.00 $390.78 $70,601.93
56 $70,601.93 $1,098.00 $0.00 $399.19 $72,099.12
57 $72,099.12 $1,098.00 $0.00 $407.66 $73,604.78
58 $73,604.78 $1,098.00 $0.00 $416.17 $75,118.95
59 $75,118.95 $1,098.00 $0.00 $424.73 $76,641.68
60 $76,641.68 $1,098.00 $0.00 $433.34 $78,173.02
61 $78,173.02 $1,098.00 $0.00 $442.00 $79,713.02
62 $79,713.02 $1,098.00 $0.00 $450.71 $81,261.73
63 $81,261.73 $1,098.00 $0.00 $459.47 $82,819.20
64 $82,819.20 $1,098.00 $0.00 $468.27 $84,385.47
65 $84,385.47 $1,098.00 $0.00 $477.13 $85,960.60
66 $85,960.60 $1,098.00 $0.00 $486.03 $87,544.63
67 $87,544.63 $1,098.00 $0.00 $494.99 $89,137.62
68 $89,137.62 $1,098.00 $0.00 $504.00 $90,739.62
69 $90,739.62 $1,098.00 $0.00 $513.06 $92,350.68
70 $92,350.68 $1,098.00 $0.00 $522.16 $93,970.84
71 $93,970.84 $1,098.00 $0.00 $531.32 $95,600.16
72 $95,600.16 $1,098.00 $0.00 $540.54 $97,238.70
73 $97,238.70 $1,098.00 $0.00 $549.80 $98,886.50
74 $98,886.50 $1,098.00 $0.00 $559.12 $100,543.62
75 $100,543.62 $1,098.00 $0.00 $568.49 $102,210.11
76 $102,210.11 $1,098.00 $0.00 $577.91 $103,886.02
77 $103,886.02 $1,098.00 $0.00 $587.39 $105,571.41
78 $105,571.41 $1,098.00 $0.00 $596.92 $107,266.33
79 $107,266.33 $1,098.00 $0.00 $606.50 $108,970.83
80 $108,970.83 $1,098.00 $0.00 $616.14 $110,684.97
81 $110,684.97 $1,098.00 $0.00 $625.83 $112,408.80
82 $112,408.80 $1,098.00 $0.00 $635.58 $114,142.38
83 $114,142.38 $1,098.00 $0.00 $645.38 $115,885.76
84 $115,885.76 $1,098.00 $0.00 $655.23 $117,638.99
85 $117,638.99 $1,098.00 $0.00 $665.15 $119,402.14
86 $119,402.14 $1,098.00 $0.00 $675.12 $121,175.26
87 $121,175.26 $1,098.00 $0.00 $685.14 $122,958.40
88 $122,958.40 $1,098.00 $0.00 $695.22 $124,751.62
89 $124,751.62 $1,098.00 $0.00 $705.36 $126,554.98
90 $126,554.98 $1,098.00 $0.00 $715.56 $128,368.54
91 $128,368.54 $1,098.00 $0.00 $725.81 $130,192.35
92 $130,192.35 $1,098.00 $0.00 $736.13 $132,026.48
93 $132,026.48 $1,098.00 $0.00 $746.50 $133,870.98
94 $133,870.98 $1,098.00 $0.00 $756.93 $135,725.91
95 $135,725.91 $1,098.00 $0.00 $767.41 $137,591.32
96 $137,591.32 $1,098.00 $0.00 $777.96 $139,467.28
97 $139,467.28 $1,098.00 $0.00 $788.57 $141,353.85
98 $141,353.85 $1,098.00 $0.00 $799.24 $143,251.09
99 $143,251.09 $1,098.00 $0.00 $809.96 $145,159.05
100 $145,159.05 $1,098.00 $0.00 $820.75 $147,077.80
101 $147,077.80 $1,098.00 $0.00 $831.60 $149,007.40
102 $149,007.40 $1,098.00 $0.00 $842.51 $150,947.91
103 $150,947.91 $1,098.00 $0.00 $853.48 $152,899.39
104 $152,899.39 $1,098.00 $0.00 $864.52 $154,861.91
105 $154,861.91 $1,098.00 $0.00 $875.61 $156,835.52
106 $156,835.52 $1,098.00 $0.00 $886.77 $158,820.29
107 $158,820.29 $1,098.00 $0.00 $897.99 $160,816.28
108 $160,816.28 $1,098.00 $0.00 $909.28 $162,823.56
109 $162,823.56 $1,098.00 $0.00 $920.63 $164,842.19
110 $164,842.19 $1,098.00 $0.00 $932.04 $166,872.23
111 $166,872.23 $1,098.00 $0.00 $943.52 $168,913.75
112 $168,913.75 $1,098.00 $0.00 $955.06 $170,966.81
113 $170,966.81 $1,098.00 $0.00 $966.67 $173,031.48
114 $173,031.48 $1,098.00 $0.00 $978.35 $175,107.83
115 $175,107.83 $1,098.00 $0.00 $990.09 $177,195.92
116 $177,195.92 $1,098.00 $0.00 $1,001.89 $179,295.81
117 $179,295.81 $1,098.00 $0.00 $1,013.76 $181,407.57
118 $181,407.57 $1,098.00 $0.00 $1,025.70 $183,531.27
119 $183,531.27 $1,098.00 $0.00 $1,037.71 $185,666.98
120 $185,666.98 $1,098.00 $0.00 $1,049.79 $187,814.77
121 $187,814.77 $1,098.00 $0.00 $1,061.93 $189,974.70
122 $189,974.70 $1,098.00 $0.00 $1,074.14 $192,146.84
123 $192,146.84 $1,098.00 $0.00 $1,086.43 $194,331.27
124 $194,331.27 $1,098.00 $0.00 $1,098.78 $196,528.05
125 $196,528.05 $1,098.00 $0.00 $1,111.20 $198,737.25
126 $198,737.25 $1,098.00 $0.00 $1,123.69 $200,958.94
127 $200,958.94 $1,098.00 $0.00 $1,136.25 $203,193.19
128 $203,193.19 $1,098.00 $0.00 $1,148.88 $205,440.07
129 $205,440.07 $1,098.00 $0.00 $1,161.59 $207,699.66
130 $207,699.66 $1,098.00 $0.00 $1,174.36 $209,972.02
131 $209,972.02 $1,098.00 $0.00 $1,187.21 $212,257.23
132 $212,257.23 $1,098.00 $0.00 $1,200.13 $214,555.36
133 $214,555.36 $1,098.00 $0.00 $1,213.13 $216,866.49
134 $216,866.49 $1,098.00 $0.00 $1,226.19 $219,190.68
135 $219,190.68 $1,098.00 $0.00 $1,239.34 $221,528.02
136 $221,528.02 $1,098.00 $0.00 $1,252.55 $223,878.57
137 $223,878.57 $1,098.00 $0.00 $1,265.84 $226,242.41
138 $226,242.41 $1,098.00 $0.00 $1,279.21 $228,619.62
139 $228,619.62 $1,098.00 $0.00 $1,292.65 $231,010.27
140 $231,010.27 $1,098.00 $0.00 $1,306.17 $233,414.44
141 $233,414.44 $1,098.00 $0.00 $1,319.76 $235,832.20
142 $235,832.20 $1,098.00 $0.00 $1,333.43 $238,263.63
143 $238,263.63 $1,098.00 $0.00 $1,347.18 $240,708.81
144 $240,708.81 $1,098.00 $0.00 $1,361.00 $243,167.81
145 $243,167.81 $1,098.00 $0.00 $1,374.91 $245,640.72
146 $245,640.72 $1,098.00 $0.00 $1,388.89 $248,127.61
147 $248,127.61 $1,098.00 $0.00 $1,402.95 $250,628.56
148 $250,628.56 $1,098.00 $0.00 $1,417.09 $253,143.65
149 $253,143.65 $1,098.00 $0.00 $1,431.31 $255,672.96
150 $255,672.96 $1,098.00 $0.00 $1,445.61 $258,216.57
151 $258,216.57 $1,098.00 $0.00 $1,459.99 $260,774.56
152 $260,774.56 $1,098.00 $0.00 $1,474.46 $263,347.02
153 $263,347.02 $1,098.00 $0.00 $1,489.00 $265,934.02
154 $265,934.02 $1,098.00 $0.00 $1,503.63 $268,535.65
155 $268,535.65 $1,098.00 $0.00 $1,518.34 $271,151.99
156 $271,151.99 $1,098.00 $0.00 $1,533.13 $273,783.12
157 $273,783.12 $1,098.00 $0.00 $1,548.01 $276,429.13
158 $276,429.13 $1,098.00 $0.00 $1,562.97 $279,090.10
159 $279,090.10 $1,098.00 $0.00 $1,578.02 $281,766.12
160 $281,766.12 $1,098.00 $0.00 $1,593.15 $284,457.27
161 $284,457.27 $1,098.00 $0.00 $1,608.36 $287,163.63
162 $287,163.63 $1,098.00 $0.00 $1,623.66 $289,885.29
163 $289,885.29 $1,098.00 $0.00 $1,639.05 $292,622.34
164 $292,622.34 $1,098.00 $0.00 $1,654.53 $295,374.87
165 $295,374.87 $1,098.00 $0.00 $1,670.09 $298,142.96
166 $298,142.96 $1,098.00 $0.00 $1,685.74 $300,926.70
167 $300,926.70 $1,098.00 $0.00 $1,701.48 $303,726.18
168 $303,726.18 $1,098.00 $0.00 $1,717.31 $306,541.49
169 $306,541.49 $1,098.00 $0.00 $1,733.23 $309,372.72
170 $309,372.72 $1,098.00 $0.00 $1,749.24 $312,219.96
171 $312,219.96 $1,098.00 $0.00 $1,765.34 $315,083.30
172 $315,083.30 $1,098.00 $0.00 $1,781.53 $317,962.83
173 $317,962.83 $1,098.00 $0.00 $1,797.81 $320,858.64
174 $320,858.64 $1,098.00 $0.00 $1,814.18 $323,770.82
175 $323,770.82 $1,098.00 $0.00 $1,830.65 $326,699.47
176 $326,699.47 $1,098.00 $0.00 $1,847.21 $329,644.68
177 $329,644.68 $1,098.00 $0.00 $1,863.86 $332,606.54
178 $332,606.54 $1,098.00 $0.00 $1,880.61 $335,585.15
179 $335,585.15 $1,098.00 $0.00 $1,897.45 $338,580.60
180 $338,580.60 $1,098.00 $0.00 $1,914.38 $341,592.98
181 $341,592.98 $1,098.00 $0.00 $1,931.42 $344,622.40
182 $344,622.40 $1,098.00 $0.00 $1,948.55 $347,668.95
183 $347,668.95 $1,098.00 $0.00 $1,965.77 $350,732.72
184 $350,732.72 $1,098.00 $0.00 $1,983.09 $353,813.81
185 $353,813.81 $1,098.00 $0.00 $2,000.51 $356,912.32
186 $356,912.32 $1,098.00 $0.00 $2,018.03 $360,028.35
187 $360,028.35 $1,098.00 $0.00 $2,035.65 $363,162.00
188 $363,162.00 $1,098.00 $0.00 $2,053.37 $366,313.37
189 $366,313.37 $1,098.00 $0.00 $2,071.19 $369,482.56
190 $369,482.56 $1,098.00 $0.00 $2,089.11 $372,669.67
191 $372,669.67 $1,098.00 $0.00 $2,107.13 $375,874.80
192 $375,874.80 $1,098.00 $0.00 $2,125.25 $379,098.05
193 $379,098.05 $1,098.00 $0.00 $2,143.48 $382,339.53
194 $382,339.53 $1,098.00 $0.00 $2,161.80 $385,599.33
195 $385,599.33 $1,098.00 $0.00 $2,180.23 $388,877.56
196 $388,877.56 $1,098.00 $0.00 $2,198.77 $392,174.33
197 $392,174.33 $1,098.00 $0.00 $2,217.41 $395,489.74
198 $395,489.74 $1,098.00 $0.00 $2,236.16 $398,823.90
199 $398,823.90 $1,098.00 $0.00 $2,255.01 $402,176.91
200 $402,176.91 $1,098.00 $0.00 $2,273.97 $405,548.88
201 $405,548.88 $1,098.00 $0.00 $2,293.03 $408,939.91
202 $408,939.91 $1,098.00 $0.00 $2,312.21 $412,350.12
203 $412,350.12 $1,098.00 $0.00 $2,331.49 $415,779.61
204 $415,779.61 $1,098.00 $0.00 $2,350.88 $419,228.49
205 $419,228.49 $1,098.00 $0.00 $2,370.38 $422,696.87
206 $422,696.87 $1,098.00 $0.00 $2,389.99 $426,184.86
207 $426,184.86 $1,098.00 $0.00 $2,409.71 $429,692.57
208 $429,692.57 $1,098.00 $0.00 $2,429.54 $433,220.11
209 $433,220.11 $1,098.00 $0.00 $2,449.49 $436,767.60
210 $436,767.60 $1,098.00 $0.00 $2,469.55 $440,335.15
211 $440,335.15 $1,098.00 $0.00 $2,489.72 $443,922.87
212 $443,922.87 $1,098.00 $0.00 $2,510.00 $447,530.87
213 $447,530.87 $1,098.00 $0.00 $2,530.40 $451,159.27
214 $451,159.27 $1,098.00 $0.00 $2,550.92 $454,808.19
215 $454,808.19 $1,098.00 $0.00 $2,571.55 $458,477.74
216 $458,477.74 $1,098.00 $0.00 $2,592.30 $462,168.04
217 $462,168.04 $1,098.00 $128,730.06 $2,613.17 $337,149.15
218 $337,149.15 $1,098.00 $0.00 $1,906.29 $340,153.44
219 $340,153.44 $1,098.00 $0.00 $1,923.28 $343,174.72
220 $343,174.72 $1,098.00 $0.00 $1,940.36 $346,213.08
221 $346,213.08 $1,098.00 $0.00 $1,957.54 $349,268.62
222 $349,268.62 $1,098.00 $0.00 $1,974.82 $352,341.44
223 $352,341.44 $1,098.00 $0.00 $1,992.19 $355,431.63
224 $355,431.63 $1,098.00 $0.00 $2,009.66 $358,539.29
225 $358,539.29 $1,098.00 $0.00 $2,027.23 $361,664.52
226 $361,664.52 $1,098.00 $0.00 $2,044.90 $364,807.42
227 $364,807.42 $1,098.00 $0.00 $2,062.67 $367,968.09
228 $367,968.09 $1,098.00 $0.00 $2,080.55 $371,146.64
229 $371,146.64 $1,098.00 $135,166.57 $2,098.52 $239,176.59
230 $239,176.59 $1,098.00 $0.00 $1,352.34 $241,626.93
231 $241,626.93 $1,098.00 $0.00 $1,366.19 $244,091.12
232 $244,091.12 $1,098.00 $0.00 $1,380.13 $246,569.25
233 $246,569.25 $1,098.00 $0.00 $1,394.14 $249,061.39
234 $249,061.39 $1,098.00 $0.00 $1,408.23 $251,567.62
235 $251,567.62 $1,098.00 $0.00 $1,422.40 $254,088.02
236 $254,088.02 $1,098.00 $0.00 $1,436.65 $256,622.67
237 $256,622.67 $1,098.00 $0.00 $1,450.98 $259,171.65
238 $259,171.65 $1,098.00 $0.00 $1,465.39 $261,735.04
239 $261,735.04 $1,098.00 $0.00 $1,479.89 $264,312.93
240 $264,312.93 $1,098.00 $0.00 $1,494.46 $266,905.39
241 $266,905.39 $1,098.00 $141,924.89 $1,509.12 $127,587.62
242 $127,587.62 $1,098.00 $0.00 $721.40 $129,407.02
243 $129,407.02 $1,098.00 $0.00 $731.69 $131,236.71
244 $131,236.71 $1,098.00 $0.00 $742.03 $133,076.74
245 $133,076.74 $1,098.00 $0.00 $752.44 $134,927.18
246 $134,927.18 $1,098.00 $0.00 $762.90 $136,788.08
247 $136,788.08 $1,098.00 $0.00 $773.42 $138,659.50
248 $138,659.50 $1,098.00 $0.00 $784.00 $140,541.50
249 $140,541.50 $1,098.00 $0.00 $794.64 $142,434.14
250 $142,434.14 $1,098.00 $0.00 $805.34 $144,337.48
251 $144,337.48 $1,098.00 $0.00 $816.11 $146,251.59
252 $146,251.59 $1,098.00 $0.00 $826.93 $148,176.52
253 $148,176.52 $0.00 $149,021.14 $837.81 ($6.81)