Savings Plan and Future Cost Estimation for Columbia College Chicago

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$201,525
Monthly savings required$1,593

How much will it cost to send your child to Columbia College Chicago in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $806,100.25 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,592.69 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$53,716.00
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 $1,592.69 $0.00 $0.00 $1,592.69
2 $1,592.69 $1,592.69 $0.00 $9.01 $3,194.39
3 $3,194.39 $1,592.69 $0.00 $18.06 $4,805.14
4 $4,805.14 $1,592.69 $0.00 $27.17 $6,425.00
5 $6,425.00 $1,592.69 $0.00 $36.33 $8,054.02
6 $8,054.02 $1,592.69 $0.00 $45.54 $9,692.25
7 $9,692.25 $1,592.69 $0.00 $54.80 $11,339.74
8 $11,339.74 $1,592.69 $0.00 $64.12 $12,996.55
9 $12,996.55 $1,592.69 $0.00 $73.48 $14,662.72
10 $14,662.72 $1,592.69 $0.00 $82.91 $16,338.32
11 $16,338.32 $1,592.69 $0.00 $92.38 $18,023.39
12 $18,023.39 $1,592.69 $0.00 $101.91 $19,717.99
13 $19,717.99 $1,592.69 $0.00 $111.49 $21,422.17
14 $21,422.17 $1,592.69 $0.00 $121.12 $23,135.98
15 $23,135.98 $1,592.69 $0.00 $130.81 $24,859.48
16 $24,859.48 $1,592.69 $0.00 $140.56 $26,592.73
17 $26,592.73 $1,592.69 $0.00 $150.36 $28,335.78
18 $28,335.78 $1,592.69 $0.00 $160.21 $30,088.68
19 $30,088.68 $1,592.69 $0.00 $170.13 $31,851.50
20 $31,851.50 $1,592.69 $0.00 $180.09 $33,624.28
21 $33,624.28 $1,592.69 $0.00 $190.12 $35,407.09
22 $35,407.09 $1,592.69 $0.00 $200.20 $37,199.98
23 $37,199.98 $1,592.69 $0.00 $210.33 $39,003.00
24 $39,003.00 $1,592.69 $0.00 $220.53 $40,816.22
25 $40,816.22 $1,592.69 $0.00 $230.78 $42,639.69
26 $42,639.69 $1,592.69 $0.00 $241.09 $44,473.47
27 $44,473.47 $1,592.69 $0.00 $251.46 $46,317.62
28 $46,317.62 $1,592.69 $0.00 $261.89 $48,172.20
29 $48,172.20 $1,592.69 $0.00 $272.37 $50,037.26
30 $50,037.26 $1,592.69 $0.00 $282.92 $51,912.87
31 $51,912.87 $1,592.69 $0.00 $293.52 $53,799.08
32 $53,799.08 $1,592.69 $0.00 $304.19 $55,695.96
33 $55,695.96 $1,592.69 $0.00 $314.91 $57,603.56
34 $57,603.56 $1,592.69 $0.00 $325.70 $59,521.95
35 $59,521.95 $1,592.69 $0.00 $336.55 $61,451.19
36 $61,451.19 $1,592.69 $0.00 $347.45 $63,391.33
37 $63,391.33 $1,592.69 $0.00 $358.42 $65,342.44
38 $65,342.44 $1,592.69 $0.00 $369.46 $67,304.59
39 $67,304.59 $1,592.69 $0.00 $380.55 $69,277.83
40 $69,277.83 $1,592.69 $0.00 $391.71 $71,262.23
41 $71,262.23 $1,592.69 $0.00 $402.93 $73,257.85
42 $73,257.85 $1,592.69 $0.00 $414.21 $75,264.75
43 $75,264.75 $1,592.69 $0.00 $425.56 $77,283.00
44 $77,283.00 $1,592.69 $0.00 $436.97 $79,312.66
45 $79,312.66 $1,592.69 $0.00 $448.45 $81,353.80
46 $81,353.80 $1,592.69 $0.00 $459.99 $83,406.48
47 $83,406.48 $1,592.69 $0.00 $471.59 $85,470.76
48 $85,470.76 $1,592.69 $0.00 $483.26 $87,546.71
49 $87,546.71 $1,592.69 $0.00 $495.00 $89,634.40
50 $89,634.40 $1,592.69 $0.00 $506.81 $91,733.90
51 $91,733.90 $1,592.69 $0.00 $518.68 $93,845.27
52 $93,845.27 $1,592.69 $0.00 $530.61 $95,968.57
53 $95,968.57 $1,592.69 $0.00 $542.62 $98,103.88
54 $98,103.88 $1,592.69 $0.00 $554.69 $100,251.26
55 $100,251.26 $1,592.69 $0.00 $566.84 $102,410.79
56 $102,410.79 $1,592.69 $0.00 $579.05 $104,582.53
57 $104,582.53 $1,592.69 $0.00 $591.32 $106,766.54
58 $106,766.54 $1,592.69 $0.00 $603.67 $108,962.90
59 $108,962.90 $1,592.69 $0.00 $616.09 $111,171.68
60 $111,171.68 $1,592.69 $0.00 $628.58 $113,392.95
61 $113,392.95 $1,592.69 $0.00 $641.14 $115,626.78
62 $115,626.78 $1,592.69 $0.00 $653.77 $117,873.24
63 $117,873.24 $1,592.69 $0.00 $666.47 $120,132.40
64 $120,132.40 $1,592.69 $0.00 $679.25 $122,404.34
65 $122,404.34 $1,592.69 $0.00 $692.09 $124,689.12
66 $124,689.12 $1,592.69 $0.00 $705.01 $126,986.82
67 $126,986.82 $1,592.69 $0.00 $718.00 $129,297.51
68 $129,297.51 $1,592.69 $0.00 $731.07 $131,621.27
69 $131,621.27 $1,592.69 $0.00 $744.21 $133,958.17
70 $133,958.17 $1,592.69 $0.00 $757.42 $136,308.28
71 $136,308.28 $1,592.69 $0.00 $770.71 $138,671.68
72 $138,671.68 $1,592.69 $0.00 $784.07 $141,048.44
73 $141,048.44 $1,592.69 $0.00 $797.51 $143,438.64
74 $143,438.64 $1,592.69 $0.00 $811.02 $145,842.35
75 $145,842.35 $1,592.69 $0.00 $824.61 $148,259.65
76 $148,259.65 $1,592.69 $0.00 $838.28 $150,690.62
77 $150,690.62 $1,592.69 $0.00 $852.03 $153,135.34
78 $153,135.34 $1,592.69 $0.00 $865.85 $155,593.88
79 $155,593.88 $1,592.69 $0.00 $879.75 $158,066.32
80 $158,066.32 $1,592.69 $0.00 $893.73 $160,552.74
81 $160,552.74 $1,592.69 $0.00 $907.79 $163,053.22
82 $163,053.22 $1,592.69 $0.00 $921.93 $165,567.84
83 $165,567.84 $1,592.69 $0.00 $936.14 $168,096.67
84 $168,096.67 $1,592.69 $0.00 $950.44 $170,639.80
85 $170,639.80 $1,592.69 $0.00 $964.82 $173,197.31
86 $173,197.31 $1,592.69 $0.00 $979.28 $175,769.28
87 $175,769.28 $1,592.69 $0.00 $993.83 $178,355.80
88 $178,355.80 $1,592.69 $0.00 $1,008.45 $180,956.94
89 $180,956.94 $1,592.69 $0.00 $1,023.16 $183,572.79
90 $183,572.79 $1,592.69 $0.00 $1,037.95 $186,203.43
91 $186,203.43 $1,592.69 $0.00 $1,052.82 $188,848.94
92 $188,848.94 $1,592.69 $0.00 $1,067.78 $191,509.41
93 $191,509.41 $1,592.69 $0.00 $1,082.82 $194,184.92
94 $194,184.92 $1,592.69 $0.00 $1,097.95 $196,875.56
95 $196,875.56 $1,592.69 $0.00 $1,113.16 $199,581.41
96 $199,581.41 $1,592.69 $0.00 $1,128.46 $202,302.56
97 $202,302.56 $1,592.69 $0.00 $1,143.85 $205,039.10
98 $205,039.10 $1,592.69 $0.00 $1,159.32 $207,791.11
99 $207,791.11 $1,592.69 $0.00 $1,174.88 $210,558.68
100 $210,558.68 $1,592.69 $0.00 $1,190.53 $213,341.90
101 $213,341.90 $1,592.69 $0.00 $1,206.27 $216,140.86
102 $216,140.86 $1,592.69 $0.00 $1,222.09 $218,955.64
103 $218,955.64 $1,592.69 $0.00 $1,238.01 $221,786.34
104 $221,786.34 $1,592.69 $0.00 $1,254.01 $224,633.04
105 $224,633.04 $1,592.69 $0.00 $1,270.11 $227,495.84
106 $227,495.84 $1,592.69 $0.00 $1,286.29 $230,374.82
107 $230,374.82 $1,592.69 $0.00 $1,302.57 $233,270.08
108 $233,270.08 $1,592.69 $0.00 $1,318.94 $236,181.71
109 $236,181.71 $1,592.69 $0.00 $1,335.41 $239,109.81
110 $239,109.81 $1,592.69 $0.00 $1,351.96 $242,054.46
111 $242,054.46 $1,592.69 $0.00 $1,368.61 $245,015.76
112 $245,015.76 $1,592.69 $0.00 $1,385.35 $247,993.80
113 $247,993.80 $1,592.69 $0.00 $1,402.19 $250,988.68
114 $250,988.68 $1,592.69 $0.00 $1,419.13 $254,000.50
115 $254,000.50 $1,592.69 $0.00 $1,436.16 $257,029.35
116 $257,029.35 $1,592.69 $0.00 $1,453.28 $260,075.32
117 $260,075.32 $1,592.69 $0.00 $1,470.50 $263,138.51
118 $263,138.51 $1,592.69 $0.00 $1,487.82 $266,219.02
119 $266,219.02 $1,592.69 $0.00 $1,505.24 $269,316.95
120 $269,316.95 $1,592.69 $0.00 $1,522.76 $272,432.40
121 $272,432.40 $1,592.69 $0.00 $1,540.37 $275,565.46
122 $275,565.46 $1,592.69 $0.00 $1,558.09 $278,716.24
123 $278,716.24 $1,592.69 $0.00 $1,575.90 $281,884.83
124 $281,884.83 $1,592.69 $0.00 $1,593.82 $285,071.34
125 $285,071.34 $1,592.69 $0.00 $1,611.83 $288,275.86
126 $288,275.86 $1,592.69 $0.00 $1,629.95 $291,498.50
127 $291,498.50 $1,592.69 $0.00 $1,648.17 $294,739.36
128 $294,739.36 $1,592.69 $0.00 $1,666.50 $297,998.55
129 $297,998.55 $1,592.69 $0.00 $1,684.93 $301,276.17
130 $301,276.17 $1,592.69 $0.00 $1,703.46 $304,572.32
131 $304,572.32 $1,592.69 $0.00 $1,722.10 $307,887.11
132 $307,887.11 $1,592.69 $0.00 $1,740.84 $311,220.64
133 $311,220.64 $1,592.69 $0.00 $1,759.69 $314,573.02
134 $314,573.02 $1,592.69 $0.00 $1,778.64 $317,944.35
135 $317,944.35 $1,592.69 $0.00 $1,797.70 $321,334.74
136 $321,334.74 $1,592.69 $0.00 $1,816.87 $324,744.30
137 $324,744.30 $1,592.69 $0.00 $1,836.15 $328,173.14
138 $328,173.14 $1,592.69 $0.00 $1,855.54 $331,621.37
139 $331,621.37 $1,592.69 $0.00 $1,875.04 $335,089.10
140 $335,089.10 $1,592.69 $0.00 $1,894.64 $338,576.43
141 $338,576.43 $1,592.69 $0.00 $1,914.36 $342,083.48
142 $342,083.48 $1,592.69 $0.00 $1,934.19 $345,610.36
143 $345,610.36 $1,592.69 $0.00 $1,954.13 $349,157.18
144 $349,157.18 $1,592.69 $0.00 $1,974.19 $352,724.06
145 $352,724.06 $1,592.69 $0.00 $1,994.35 $356,311.10
146 $356,311.10 $1,592.69 $0.00 $2,014.63 $359,918.42
147 $359,918.42 $1,592.69 $0.00 $2,035.03 $363,546.14
148 $363,546.14 $1,592.69 $0.00 $2,055.54 $367,194.37
149 $367,194.37 $1,592.69 $0.00 $2,076.17 $370,863.23
150 $370,863.23 $1,592.69 $0.00 $2,096.91 $374,552.83
151 $374,552.83 $1,592.69 $0.00 $2,117.78 $378,263.30
152 $378,263.30 $1,592.69 $0.00 $2,138.76 $381,994.75
153 $381,994.75 $1,592.69 $0.00 $2,159.85 $385,747.29
154 $385,747.29 $1,592.69 $0.00 $2,181.07 $389,521.05
155 $389,521.05 $1,592.69 $0.00 $2,202.41 $393,316.15
156 $393,316.15 $1,592.69 $0.00 $2,223.87 $397,132.71
157 $397,132.71 $1,592.69 $0.00 $2,245.45 $400,970.85
158 $400,970.85 $1,592.69 $0.00 $2,267.15 $404,830.69
159 $404,830.69 $1,592.69 $0.00 $2,288.97 $408,712.35
160 $408,712.35 $1,592.69 $0.00 $2,310.92 $412,615.96
161 $412,615.96 $1,592.69 $0.00 $2,332.99 $416,541.64
162 $416,541.64 $1,592.69 $0.00 $2,355.19 $420,489.52
163 $420,489.52 $1,592.69 $0.00 $2,377.51 $424,459.72
164 $424,459.72 $1,592.69 $0.00 $2,399.96 $428,452.37
165 $428,452.37 $1,592.69 $0.00 $2,422.53 $432,467.59
166 $432,467.59 $1,592.69 $0.00 $2,445.23 $436,505.51
167 $436,505.51 $1,592.69 $0.00 $2,468.07 $440,566.27
168 $440,566.27 $1,592.69 $0.00 $2,491.03 $444,649.99
169 $444,649.99 $1,592.69 $0.00 $2,514.12 $448,756.80
170 $448,756.80 $1,592.69 $0.00 $2,537.34 $452,886.83
171 $452,886.83 $1,592.69 $0.00 $2,560.69 $457,040.21
172 $457,040.21 $1,592.69 $0.00 $2,584.17 $461,217.07
173 $461,217.07 $1,592.69 $0.00 $2,607.79 $465,417.55
174 $465,417.55 $1,592.69 $0.00 $2,631.54 $469,641.78
175 $469,641.78 $1,592.69 $0.00 $2,655.42 $473,889.89
176 $473,889.89 $1,592.69 $0.00 $2,679.44 $478,162.02
177 $478,162.02 $1,592.69 $0.00 $2,703.60 $482,458.31
178 $482,458.31 $1,592.69 $0.00 $2,727.89 $486,778.89
179 $486,778.89 $1,592.69 $0.00 $2,752.32 $491,123.90
180 $491,123.90 $1,592.69 $0.00 $2,776.89 $495,493.48
181 $495,493.48 $1,592.69 $0.00 $2,801.59 $499,887.76
182 $499,887.76 $1,592.69 $0.00 $2,826.44 $504,306.89
183 $504,306.89 $1,592.69 $0.00 $2,851.42 $508,751.00
184 $508,751.00 $1,592.69 $0.00 $2,876.55 $513,220.24
185 $513,220.24 $1,592.69 $0.00 $2,901.82 $517,714.75
186 $517,714.75 $1,592.69 $0.00 $2,927.23 $522,234.67
187 $522,234.67 $1,592.69 $0.00 $2,952.79 $526,780.15
188 $526,780.15 $1,592.69 $0.00 $2,978.49 $531,351.33
189 $531,351.33 $1,592.69 $0.00 $3,004.34 $535,948.36
190 $535,948.36 $1,592.69 $0.00 $3,030.33 $540,571.38
191 $540,571.38 $1,592.69 $0.00 $3,056.47 $545,220.54
192 $545,220.54 $1,592.69 $0.00 $3,082.76 $549,895.99
193 $549,895.99 $1,592.69 $0.00 $3,109.19 $554,597.87
194 $554,597.87 $1,592.69 $0.00 $3,135.78 $559,326.34
195 $559,326.34 $1,592.69 $0.00 $3,162.51 $564,081.54
196 $564,081.54 $1,592.69 $0.00 $3,189.40 $568,863.63
197 $568,863.63 $1,592.69 $0.00 $3,216.44 $573,672.76
198 $573,672.76 $1,592.69 $0.00 $3,243.63 $578,509.08
199 $578,509.08 $1,592.69 $0.00 $3,270.97 $583,372.74
200 $583,372.74 $1,592.69 $0.00 $3,298.47 $588,263.90
201 $588,263.90 $1,592.69 $0.00 $3,326.13 $593,182.72
202 $593,182.72 $1,592.69 $0.00 $3,353.94 $598,129.35
203 $598,129.35 $1,592.69 $0.00 $3,381.91 $603,103.95
204 $603,103.95 $1,592.69 $0.00 $3,410.04 $608,106.68
205 $608,106.68 $1,592.69 $0.00 $3,438.32 $613,137.69
206 $613,137.69 $1,592.69 $0.00 $3,466.77 $618,197.15
207 $618,197.15 $1,592.69 $0.00 $3,495.38 $623,285.22
208 $623,285.22 $1,592.69 $0.00 $3,524.15 $628,402.06
209 $628,402.06 $1,592.69 $0.00 $3,553.08 $633,547.83
210 $633,547.83 $1,592.69 $0.00 $3,582.17 $638,722.69
211 $638,722.69 $1,592.69 $0.00 $3,611.43 $643,926.81
212 $643,926.81 $1,592.69 $0.00 $3,640.86 $649,160.36
213 $649,160.36 $1,592.69 $0.00 $3,670.45 $654,423.50
214 $654,423.50 $1,592.69 $0.00 $3,700.21 $659,716.40
215 $659,716.40 $1,592.69 $0.00 $3,730.13 $665,039.22
216 $665,039.22 $1,592.69 $0.00 $3,760.23 $670,392.14
217 $670,392.14 $1,592.69 $181,556.44 $3,790.49 $494,218.88
218 $494,218.88 $1,592.69 $0.00 $2,794.39 $498,605.96
219 $498,605.96 $1,592.69 $0.00 $2,819.19 $503,017.84
220 $503,017.84 $1,592.69 $0.00 $2,844.14 $507,454.67
221 $507,454.67 $1,592.69 $0.00 $2,869.22 $511,916.58
222 $511,916.58 $1,592.69 $0.00 $2,894.45 $516,403.72
223 $516,403.72 $1,592.69 $0.00 $2,919.82 $520,916.23
224 $520,916.23 $1,592.69 $0.00 $2,945.34 $525,454.26
225 $525,454.26 $1,592.69 $0.00 $2,970.99 $530,017.94
226 $530,017.94 $1,592.69 $0.00 $2,996.80 $534,607.43
227 $534,607.43 $1,592.69 $0.00 $3,022.75 $539,222.87
228 $539,222.87 $1,592.69 $0.00 $3,048.84 $543,864.40
229 $543,864.40 $1,592.69 $194,265.39 $3,075.09 $354,266.79
230 $354,266.79 $1,592.69 $0.00 $2,003.08 $357,862.56
231 $357,862.56 $1,592.69 $0.00 $2,023.41 $361,478.66
232 $361,478.66 $1,592.69 $0.00 $2,043.85 $365,115.20
233 $365,115.20 $1,592.69 $0.00 $2,064.41 $368,772.30
234 $368,772.30 $1,592.69 $0.00 $2,085.09 $372,450.08
235 $372,450.08 $1,592.69 $0.00 $2,105.89 $376,148.66
236 $376,148.66 $1,592.69 $0.00 $2,126.80 $379,868.15
237 $379,868.15 $1,592.69 $0.00 $2,147.83 $383,608.67
238 $383,608.67 $1,592.69 $0.00 $2,168.98 $387,370.34
239 $387,370.34 $1,592.69 $0.00 $2,190.25 $391,153.28
240 $391,153.28 $1,592.69 $0.00 $2,211.64 $394,957.61
241 $394,957.61 $1,592.69 $207,863.97 $2,233.15 $190,919.48
242 $190,919.48 $1,592.69 $0.00 $1,079.49 $193,591.66
243 $193,591.66 $1,592.69 $0.00 $1,094.60 $196,278.95
244 $196,278.95 $1,592.69 $0.00 $1,109.79 $198,981.43
245 $198,981.43 $1,592.69 $0.00 $1,125.07 $201,699.19
246 $201,699.19 $1,592.69 $0.00 $1,140.44 $204,432.32
247 $204,432.32 $1,592.69 $0.00 $1,155.89 $207,180.90
248 $207,180.90 $1,592.69 $0.00 $1,171.43 $209,945.02
249 $209,945.02 $1,592.69 $0.00 $1,187.06 $212,724.77
250 $212,724.77 $1,592.69 $0.00 $1,202.78 $215,520.24
251 $215,520.24 $1,592.69 $0.00 $1,218.58 $218,331.51
252 $218,331.51 $1,592.69 $0.00 $1,234.48 $221,158.68
253 $221,158.68 $0.00 $222,414.45 $1,250.46 -$5.31