Savings Plan and Future Cost Estimation for Elmhurst College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$210,064
Monthly savings required$1,660

How much will it cost to send your child to Elmhurst College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $840,255.52 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,660.19 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$55,992.00
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 $1,660.19 $0.00 $0.00 $1,660.19
2 $1,660.19 $1,660.19 $0.00 $9.39 $3,329.77
3 $3,329.77 $1,660.19 $0.00 $18.83 $5,008.79
4 $5,008.79 $1,660.19 $0.00 $28.32 $6,697.30
5 $6,697.30 $1,660.19 $0.00 $37.87 $8,395.36
6 $8,395.36 $1,660.19 $0.00 $47.47 $10,103.02
7 $10,103.02 $1,660.19 $0.00 $57.12 $11,820.33
8 $11,820.33 $1,660.19 $0.00 $66.83 $13,547.35
9 $13,547.35 $1,660.19 $0.00 $76.60 $15,284.14
10 $15,284.14 $1,660.19 $0.00 $86.42 $17,030.75
11 $17,030.75 $1,660.19 $0.00 $96.29 $18,787.23
12 $18,787.23 $1,660.19 $0.00 $106.23 $20,553.65
13 $20,553.65 $1,660.19 $0.00 $116.21 $22,330.05
14 $22,330.05 $1,660.19 $0.00 $126.26 $24,116.50
15 $24,116.50 $1,660.19 $0.00 $136.36 $25,913.05
16 $25,913.05 $1,660.19 $0.00 $146.52 $27,719.76
17 $27,719.76 $1,660.19 $0.00 $156.73 $29,536.68
18 $29,536.68 $1,660.19 $0.00 $167.00 $31,363.87
19 $31,363.87 $1,660.19 $0.00 $177.34 $33,201.40
20 $33,201.40 $1,660.19 $0.00 $187.73 $35,049.32
21 $35,049.32 $1,660.19 $0.00 $198.17 $36,907.68
22 $36,907.68 $1,660.19 $0.00 $208.68 $38,776.55
23 $38,776.55 $1,660.19 $0.00 $219.25 $40,655.99
24 $40,655.99 $1,660.19 $0.00 $229.87 $42,546.05
25 $42,546.05 $1,660.19 $0.00 $240.56 $44,446.80
26 $44,446.80 $1,660.19 $0.00 $251.31 $46,358.30
27 $46,358.30 $1,660.19 $0.00 $262.12 $48,280.61
28 $48,280.61 $1,660.19 $0.00 $272.99 $50,213.79
29 $50,213.79 $1,660.19 $0.00 $283.92 $52,157.90
30 $52,157.90 $1,660.19 $0.00 $294.91 $54,113.00
31 $54,113.00 $1,660.19 $0.00 $305.96 $56,079.15
32 $56,079.15 $1,660.19 $0.00 $317.08 $58,056.42
33 $58,056.42 $1,660.19 $0.00 $328.26 $60,044.87
34 $60,044.87 $1,660.19 $0.00 $339.50 $62,044.56
35 $62,044.56 $1,660.19 $0.00 $350.81 $64,055.56
36 $64,055.56 $1,660.19 $0.00 $362.18 $66,077.93
37 $66,077.93 $1,660.19 $0.00 $373.61 $68,111.73
38 $68,111.73 $1,660.19 $0.00 $385.11 $70,157.03
39 $70,157.03 $1,660.19 $0.00 $396.68 $72,213.90
40 $72,213.90 $1,660.19 $0.00 $408.31 $74,282.40
41 $74,282.40 $1,660.19 $0.00 $420.00 $76,362.59
42 $76,362.59 $1,660.19 $0.00 $431.77 $78,454.55
43 $78,454.55 $1,660.19 $0.00 $443.59 $80,558.33
44 $80,558.33 $1,660.19 $0.00 $455.49 $82,674.01
45 $82,674.01 $1,660.19 $0.00 $467.45 $84,801.65
46 $84,801.65 $1,660.19 $0.00 $479.48 $86,941.32
47 $86,941.32 $1,660.19 $0.00 $491.58 $89,093.09
48 $89,093.09 $1,660.19 $0.00 $503.75 $91,257.03
49 $91,257.03 $1,660.19 $0.00 $515.98 $93,433.20
50 $93,433.20 $1,660.19 $0.00 $528.28 $95,621.67
51 $95,621.67 $1,660.19 $0.00 $540.66 $97,822.52
52 $97,822.52 $1,660.19 $0.00 $553.10 $100,035.81
53 $100,035.81 $1,660.19 $0.00 $565.62 $102,261.62
54 $102,261.62 $1,660.19 $0.00 $578.20 $104,500.01
55 $104,500.01 $1,660.19 $0.00 $590.86 $106,751.06
56 $106,751.06 $1,660.19 $0.00 $603.59 $109,014.84
57 $109,014.84 $1,660.19 $0.00 $616.39 $111,291.42
58 $111,291.42 $1,660.19 $0.00 $629.26 $113,580.87
59 $113,580.87 $1,660.19 $0.00 $642.20 $115,883.26
60 $115,883.26 $1,660.19 $0.00 $655.22 $118,198.67
61 $118,198.67 $1,660.19 $0.00 $668.31 $120,527.17
62 $120,527.17 $1,660.19 $0.00 $681.48 $122,868.84
63 $122,868.84 $1,660.19 $0.00 $694.72 $125,223.75
64 $125,223.75 $1,660.19 $0.00 $708.03 $127,591.97
65 $127,591.97 $1,660.19 $0.00 $721.42 $129,973.58
66 $129,973.58 $1,660.19 $0.00 $734.89 $132,368.66
67 $132,368.66 $1,660.19 $0.00 $748.43 $134,777.28
68 $134,777.28 $1,660.19 $0.00 $762.05 $137,199.52
69 $137,199.52 $1,660.19 $0.00 $775.75 $139,635.46
70 $139,635.46 $1,660.19 $0.00 $789.52 $142,085.17
71 $142,085.17 $1,660.19 $0.00 $803.37 $144,548.73
72 $144,548.73 $1,660.19 $0.00 $817.30 $147,026.22
73 $147,026.22 $1,660.19 $0.00 $831.31 $149,517.72
74 $149,517.72 $1,660.19 $0.00 $845.39 $152,023.30
75 $152,023.30 $1,660.19 $0.00 $859.56 $154,543.05
76 $154,543.05 $1,660.19 $0.00 $873.81 $157,077.05
77 $157,077.05 $1,660.19 $0.00 $888.14 $159,625.38
78 $159,625.38 $1,660.19 $0.00 $902.55 $162,188.12
79 $162,188.12 $1,660.19 $0.00 $917.04 $164,765.35
80 $164,765.35 $1,660.19 $0.00 $931.61 $167,357.15
81 $167,357.15 $1,660.19 $0.00 $946.26 $169,963.60
82 $169,963.60 $1,660.19 $0.00 $961.00 $172,584.79
83 $172,584.79 $1,660.19 $0.00 $975.82 $175,220.80
84 $175,220.80 $1,660.19 $0.00 $990.72 $177,871.71
85 $177,871.71 $1,660.19 $0.00 $1,005.71 $180,537.61
86 $180,537.61 $1,660.19 $0.00 $1,020.79 $183,218.59
87 $183,218.59 $1,660.19 $0.00 $1,035.94 $185,914.72
88 $185,914.72 $1,660.19 $0.00 $1,051.19 $188,626.10
89 $188,626.10 $1,660.19 $0.00 $1,066.52 $191,352.81
90 $191,352.81 $1,660.19 $0.00 $1,081.94 $194,094.94
91 $194,094.94 $1,660.19 $0.00 $1,097.44 $196,852.57
92 $196,852.57 $1,660.19 $0.00 $1,113.03 $199,625.79
93 $199,625.79 $1,660.19 $0.00 $1,128.71 $202,414.69
94 $202,414.69 $1,660.19 $0.00 $1,144.48 $205,219.36
95 $205,219.36 $1,660.19 $0.00 $1,160.34 $208,039.89
96 $208,039.89 $1,660.19 $0.00 $1,176.29 $210,876.37
97 $210,876.37 $1,660.19 $0.00 $1,192.33 $213,728.89
98 $213,728.89 $1,660.19 $0.00 $1,208.45 $216,597.53
99 $216,597.53 $1,660.19 $0.00 $1,224.67 $219,482.39
100 $219,482.39 $1,660.19 $0.00 $1,240.99 $222,383.57
101 $222,383.57 $1,660.19 $0.00 $1,257.39 $225,301.15
102 $225,301.15 $1,660.19 $0.00 $1,273.89 $228,235.23
103 $228,235.23 $1,660.19 $0.00 $1,290.48 $231,185.90
104 $231,185.90 $1,660.19 $0.00 $1,307.16 $234,153.25
105 $234,153.25 $1,660.19 $0.00 $1,323.94 $237,137.38
106 $237,137.38 $1,660.19 $0.00 $1,340.81 $240,138.38
107 $240,138.38 $1,660.19 $0.00 $1,357.78 $243,156.35
108 $243,156.35 $1,660.19 $0.00 $1,374.84 $246,191.38
109 $246,191.38 $1,660.19 $0.00 $1,392.00 $249,243.57
110 $249,243.57 $1,660.19 $0.00 $1,409.26 $252,313.02
111 $252,313.02 $1,660.19 $0.00 $1,426.61 $255,399.82
112 $255,399.82 $1,660.19 $0.00 $1,444.07 $258,504.08
113 $258,504.08 $1,660.19 $0.00 $1,461.62 $261,625.89
114 $261,625.89 $1,660.19 $0.00 $1,479.27 $264,765.35
115 $264,765.35 $1,660.19 $0.00 $1,497.02 $267,922.56
116 $267,922.56 $1,660.19 $0.00 $1,514.87 $271,097.62
117 $271,097.62 $1,660.19 $0.00 $1,532.83 $274,290.64
118 $274,290.64 $1,660.19 $0.00 $1,550.88 $277,501.71
119 $277,501.71 $1,660.19 $0.00 $1,569.04 $280,730.94
120 $280,730.94 $1,660.19 $0.00 $1,587.29 $283,978.42
121 $283,978.42 $1,660.19 $0.00 $1,605.66 $287,244.27
122 $287,244.27 $1,660.19 $0.00 $1,624.12 $290,528.58
123 $290,528.58 $1,660.19 $0.00 $1,642.69 $293,831.46
124 $293,831.46 $1,660.19 $0.00 $1,661.37 $297,153.02
125 $297,153.02 $1,660.19 $0.00 $1,680.15 $300,493.36
126 $300,493.36 $1,660.19 $0.00 $1,699.03 $303,852.58
127 $303,852.58 $1,660.19 $0.00 $1,718.03 $307,230.80
128 $307,230.80 $1,660.19 $0.00 $1,737.13 $310,628.12
129 $310,628.12 $1,660.19 $0.00 $1,756.34 $314,044.65
130 $314,044.65 $1,660.19 $0.00 $1,775.65 $317,480.49
131 $317,480.49 $1,660.19 $0.00 $1,795.08 $320,935.76
132 $320,935.76 $1,660.19 $0.00 $1,814.62 $324,410.57
133 $324,410.57 $1,660.19 $0.00 $1,834.26 $327,905.02
134 $327,905.02 $1,660.19 $0.00 $1,854.02 $331,419.23
135 $331,419.23 $1,660.19 $0.00 $1,873.89 $334,953.31
136 $334,953.31 $1,660.19 $0.00 $1,893.87 $338,507.37
137 $338,507.37 $1,660.19 $0.00 $1,913.97 $342,081.53
138 $342,081.53 $1,660.19 $0.00 $1,934.18 $345,675.90
139 $345,675.90 $1,660.19 $0.00 $1,954.50 $349,290.59
140 $349,290.59 $1,660.19 $0.00 $1,974.94 $352,925.72
141 $352,925.72 $1,660.19 $0.00 $1,995.49 $356,581.40
142 $356,581.40 $1,660.19 $0.00 $2,016.16 $360,257.75
143 $360,257.75 $1,660.19 $0.00 $2,036.95 $363,954.89
144 $363,954.89 $1,660.19 $0.00 $2,057.85 $367,672.93
145 $367,672.93 $1,660.19 $0.00 $2,078.88 $371,412.00
146 $371,412.00 $1,660.19 $0.00 $2,100.02 $375,172.21
147 $375,172.21 $1,660.19 $0.00 $2,121.28 $378,953.68
148 $378,953.68 $1,660.19 $0.00 $2,142.66 $382,756.53
149 $382,756.53 $1,660.19 $0.00 $2,164.16 $386,580.88
150 $386,580.88 $1,660.19 $0.00 $2,185.78 $390,426.85
151 $390,426.85 $1,660.19 $0.00 $2,207.53 $394,294.57
152 $394,294.57 $1,660.19 $0.00 $2,229.40 $398,184.16
153 $398,184.16 $1,660.19 $0.00 $2,251.39 $402,095.74
154 $402,095.74 $1,660.19 $0.00 $2,273.51 $406,029.44
155 $406,029.44 $1,660.19 $0.00 $2,295.75 $409,985.38
156 $409,985.38 $1,660.19 $0.00 $2,318.12 $413,963.69
157 $413,963.69 $1,660.19 $0.00 $2,340.61 $417,964.49
158 $417,964.49 $1,660.19 $0.00 $2,363.23 $421,987.91
159 $421,987.91 $1,660.19 $0.00 $2,385.98 $426,034.08
160 $426,034.08 $1,660.19 $0.00 $2,408.86 $430,103.13
161 $430,103.13 $1,660.19 $0.00 $2,431.87 $434,195.19
162 $434,195.19 $1,660.19 $0.00 $2,455.00 $438,310.38
163 $438,310.38 $1,660.19 $0.00 $2,478.27 $442,448.84
164 $442,448.84 $1,660.19 $0.00 $2,501.67 $446,610.70
165 $446,610.70 $1,660.19 $0.00 $2,525.20 $450,796.09
166 $450,796.09 $1,660.19 $0.00 $2,548.87 $455,005.15
167 $455,005.15 $1,660.19 $0.00 $2,572.67 $459,238.01
168 $459,238.01 $1,660.19 $0.00 $2,596.60 $463,494.80
169 $463,494.80 $1,660.19 $0.00 $2,620.67 $467,775.66
170 $467,775.66 $1,660.19 $0.00 $2,644.87 $472,080.72
171 $472,080.72 $1,660.19 $0.00 $2,669.21 $476,410.12
172 $476,410.12 $1,660.19 $0.00 $2,693.69 $480,764.00
173 $480,764.00 $1,660.19 $0.00 $2,718.31 $485,142.50
174 $485,142.50 $1,660.19 $0.00 $2,743.07 $489,545.76
175 $489,545.76 $1,660.19 $0.00 $2,767.96 $493,973.91
176 $493,973.91 $1,660.19 $0.00 $2,793.00 $498,427.10
177 $498,427.10 $1,660.19 $0.00 $2,818.18 $502,905.47
178 $502,905.47 $1,660.19 $0.00 $2,843.50 $507,409.16
179 $507,409.16 $1,660.19 $0.00 $2,868.97 $511,938.32
180 $511,938.32 $1,660.19 $0.00 $2,894.57 $516,493.08
181 $516,493.08 $1,660.19 $0.00 $2,920.33 $521,073.60
182 $521,073.60 $1,660.19 $0.00 $2,946.23 $525,680.02
183 $525,680.02 $1,660.19 $0.00 $2,972.27 $530,312.48
184 $530,312.48 $1,660.19 $0.00 $2,998.46 $534,971.13
185 $534,971.13 $1,660.19 $0.00 $3,024.80 $539,656.12
186 $539,656.12 $1,660.19 $0.00 $3,051.29 $544,367.60
187 $544,367.60 $1,660.19 $0.00 $3,077.93 $549,105.72
188 $549,105.72 $1,660.19 $0.00 $3,104.72 $553,870.63
189 $553,870.63 $1,660.19 $0.00 $3,131.67 $558,662.49
190 $558,662.49 $1,660.19 $0.00 $3,158.76 $563,481.44
191 $563,481.44 $1,660.19 $0.00 $3,186.01 $568,327.64
192 $568,327.64 $1,660.19 $0.00 $3,213.41 $573,201.24
193 $573,201.24 $1,660.19 $0.00 $3,240.96 $578,102.39
194 $578,102.39 $1,660.19 $0.00 $3,268.67 $583,031.25
195 $583,031.25 $1,660.19 $0.00 $3,296.54 $587,987.98
196 $587,987.98 $1,660.19 $0.00 $3,324.57 $592,972.74
197 $592,972.74 $1,660.19 $0.00 $3,352.75 $597,985.68
198 $597,985.68 $1,660.19 $0.00 $3,381.10 $603,026.97
199 $603,026.97 $1,660.19 $0.00 $3,409.60 $608,096.76
200 $608,096.76 $1,660.19 $0.00 $3,438.27 $613,195.22
201 $613,195.22 $1,660.19 $0.00 $3,467.09 $618,322.50
202 $618,322.50 $1,660.19 $0.00 $3,496.09 $623,478.78
203 $623,478.78 $1,660.19 $0.00 $3,525.24 $628,664.21
204 $628,664.21 $1,660.19 $0.00 $3,554.56 $633,878.96
205 $633,878.96 $1,660.19 $0.00 $3,584.04 $639,123.19
206 $639,123.19 $1,660.19 $0.00 $3,613.70 $644,397.08
207 $644,397.08 $1,660.19 $0.00 $3,643.51 $649,700.78
208 $649,700.78 $1,660.19 $0.00 $3,673.50 $655,034.47
209 $655,034.47 $1,660.19 $0.00 $3,703.66 $660,398.32
210 $660,398.32 $1,660.19 $0.00 $3,733.99 $665,792.50
211 $665,792.50 $1,660.19 $0.00 $3,764.49 $671,217.18
212 $671,217.18 $1,660.19 $0.00 $3,795.16 $676,672.53
213 $676,672.53 $1,660.19 $0.00 $3,826.00 $682,158.72
214 $682,158.72 $1,660.19 $0.00 $3,857.02 $687,675.93
215 $687,675.93 $1,660.19 $0.00 $3,888.22 $693,224.34
216 $693,224.34 $1,660.19 $0.00 $3,919.59 $698,804.12
217 $698,804.12 $1,660.19 $189,249.17 $3,951.14 $515,166.28
218 $515,166.28 $1,660.19 $0.00 $2,912.83 $519,739.30
219 $519,739.30 $1,660.19 $0.00 $2,938.68 $524,338.17
220 $524,338.17 $1,660.19 $0.00 $2,964.68 $528,963.04
221 $528,963.04 $1,660.19 $0.00 $2,990.83 $533,614.06
222 $533,614.06 $1,660.19 $0.00 $3,017.13 $538,291.38
223 $538,291.38 $1,660.19 $0.00 $3,043.58 $542,995.15
224 $542,995.15 $1,660.19 $0.00 $3,070.17 $547,725.51
225 $547,725.51 $1,660.19 $0.00 $3,096.92 $552,482.62
226 $552,482.62 $1,660.19 $0.00 $3,123.82 $557,266.63
227 $557,266.63 $1,660.19 $0.00 $3,150.87 $562,077.69
228 $562,077.69 $1,660.19 $0.00 $3,178.07 $566,915.95
229 $566,915.95 $1,660.19 $202,496.61 $3,205.43 $369,284.96
230 $369,284.96 $1,660.19 $0.00 $2,087.99 $373,033.14
231 $373,033.14 $1,660.19 $0.00 $2,109.18 $376,802.51
232 $376,802.51 $1,660.19 $0.00 $2,130.50 $380,593.20
233 $380,593.20 $1,660.19 $0.00 $2,151.93 $384,405.32
234 $384,405.32 $1,660.19 $0.00 $2,173.48 $388,238.99
235 $388,238.99 $1,660.19 $0.00 $2,195.16 $392,094.34
236 $392,094.34 $1,660.19 $0.00 $2,216.96 $395,971.49
237 $395,971.49 $1,660.19 $0.00 $2,238.88 $399,870.56
238 $399,870.56 $1,660.19 $0.00 $2,260.93 $403,791.68
239 $403,791.68 $1,660.19 $0.00 $2,283.10 $407,734.97
240 $407,734.97 $1,660.19 $0.00 $2,305.39 $411,700.55
241 $411,700.55 $1,660.19 $216,671.37 $2,327.81 $199,017.18
242 $199,017.18 $1,660.19 $0.00 $1,125.27 $201,802.64
243 $201,802.64 $1,660.19 $0.00 $1,141.02 $204,603.85
244 $204,603.85 $1,660.19 $0.00 $1,156.86 $207,420.90
245 $207,420.90 $1,660.19 $0.00 $1,172.79 $210,253.88
246 $210,253.88 $1,660.19 $0.00 $1,188.81 $213,102.88
247 $213,102.88 $1,660.19 $0.00 $1,204.91 $215,967.98
248 $215,967.98 $1,660.19 $0.00 $1,221.11 $218,849.28
249 $218,849.28 $1,660.19 $0.00 $1,237.41 $221,746.88
250 $221,746.88 $1,660.19 $0.00 $1,253.79 $224,660.86
251 $224,660.86 $1,660.19 $0.00 $1,270.27 $227,591.32
252 $227,591.32 $1,660.19 $0.00 $1,286.83 $230,538.34
253 $230,538.34 $0.00 $231,838.37 $1,303.50 $3.47