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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$131,079
Monthly savings required$1,038

How much will it cost to send your child to Central College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $524,315.42 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,037.60 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$50,547.00
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 $1,037.60 $0.00 $0.00 $1,037.60
2 $1,037.60 $1,037.60 $0.00 $5.87 $2,081.07
3 $2,081.07 $1,037.60 $0.00 $11.77 $3,130.44
4 $3,130.44 $1,037.60 $0.00 $17.70 $4,185.74
5 $4,185.74 $1,037.60 $0.00 $23.67 $5,247.01
6 $5,247.01 $1,037.60 $0.00 $29.67 $6,314.28
7 $6,314.28 $1,037.60 $0.00 $35.70 $7,387.58
8 $7,387.58 $1,037.60 $0.00 $41.77 $8,466.95
9 $8,466.95 $1,037.60 $0.00 $47.87 $9,552.42
10 $9,552.42 $1,037.60 $0.00 $54.01 $10,644.03
11 $10,644.03 $1,037.60 $0.00 $60.18 $11,741.81
12 $11,741.81 $1,037.60 $0.00 $66.39 $12,845.80
13 $12,845.80 $1,037.60 $0.00 $72.63 $13,956.03
14 $13,956.03 $1,037.60 $0.00 $78.91 $15,072.54
15 $15,072.54 $1,037.60 $0.00 $85.22 $16,195.36
16 $16,195.36 $1,037.60 $0.00 $91.57 $17,324.53
17 $17,324.53 $1,037.60 $0.00 $97.96 $18,460.09
18 $18,460.09 $1,037.60 $0.00 $104.38 $19,602.07
19 $19,602.07 $1,037.60 $0.00 $110.83 $20,750.50
20 $20,750.50 $1,037.60 $0.00 $117.33 $21,905.43
21 $21,905.43 $1,037.60 $0.00 $123.86 $23,066.89
22 $23,066.89 $1,037.60 $0.00 $130.42 $24,234.91
23 $24,234.91 $1,037.60 $0.00 $137.03 $25,409.54
24 $25,409.54 $1,037.60 $0.00 $143.67 $26,590.81
25 $26,590.81 $1,037.60 $0.00 $150.35 $27,778.76
26 $27,778.76 $1,037.60 $0.00 $157.07 $28,973.43
27 $28,973.43 $1,037.60 $0.00 $163.82 $30,174.85
28 $30,174.85 $1,037.60 $0.00 $170.61 $31,383.06
29 $31,383.06 $1,037.60 $0.00 $177.44 $32,598.10
30 $32,598.10 $1,037.60 $0.00 $184.31 $33,820.01
31 $33,820.01 $1,037.60 $0.00 $191.22 $35,048.83
32 $35,048.83 $1,037.60 $0.00 $198.17 $36,284.60
33 $36,284.60 $1,037.60 $0.00 $205.16 $37,527.36
34 $37,527.36 $1,037.60 $0.00 $212.19 $38,777.15
35 $38,777.15 $1,037.60 $0.00 $219.25 $40,034.00
36 $40,034.00 $1,037.60 $0.00 $226.36 $41,297.96
37 $41,297.96 $1,037.60 $0.00 $233.50 $42,569.06
38 $42,569.06 $1,037.60 $0.00 $240.69 $43,847.35
39 $43,847.35 $1,037.60 $0.00 $247.92 $45,132.87
40 $45,132.87 $1,037.60 $0.00 $255.19 $46,425.66
41 $46,425.66 $1,037.60 $0.00 $262.50 $47,725.76
42 $47,725.76 $1,037.60 $0.00 $269.85 $49,033.21
43 $49,033.21 $1,037.60 $0.00 $277.24 $50,348.05
44 $50,348.05 $1,037.60 $0.00 $284.68 $51,670.33
45 $51,670.33 $1,037.60 $0.00 $292.15 $53,000.08
46 $53,000.08 $1,037.60 $0.00 $299.67 $54,337.35
47 $54,337.35 $1,037.60 $0.00 $307.23 $55,682.18
48 $55,682.18 $1,037.60 $0.00 $314.84 $57,034.62
49 $57,034.62 $1,037.60 $0.00 $322.48 $58,394.70
50 $58,394.70 $1,037.60 $0.00 $330.17 $59,762.47
51 $59,762.47 $1,037.60 $0.00 $337.91 $61,137.98
52 $61,137.98 $1,037.60 $0.00 $345.68 $62,521.26
53 $62,521.26 $1,037.60 $0.00 $353.50 $63,912.36
54 $63,912.36 $1,037.60 $0.00 $361.37 $65,311.33
55 $65,311.33 $1,037.60 $0.00 $369.28 $66,718.21
56 $66,718.21 $1,037.60 $0.00 $377.23 $68,133.04
57 $68,133.04 $1,037.60 $0.00 $385.23 $69,555.87
58 $69,555.87 $1,037.60 $0.00 $393.28 $70,986.75
59 $70,986.75 $1,037.60 $0.00 $401.37 $72,425.72
60 $72,425.72 $1,037.60 $0.00 $409.51 $73,872.83
61 $73,872.83 $1,037.60 $0.00 $417.69 $75,328.12
62 $75,328.12 $1,037.60 $0.00 $425.92 $76,791.64
63 $76,791.64 $1,037.60 $0.00 $434.19 $78,263.43
64 $78,263.43 $1,037.60 $0.00 $442.51 $79,743.54
65 $79,743.54 $1,037.60 $0.00 $450.88 $81,232.02
66 $81,232.02 $1,037.60 $0.00 $459.30 $82,728.92
67 $82,728.92 $1,037.60 $0.00 $467.76 $84,234.28
68 $84,234.28 $1,037.60 $0.00 $476.27 $85,748.15
69 $85,748.15 $1,037.60 $0.00 $484.83 $87,270.58
70 $87,270.58 $1,037.60 $0.00 $493.44 $88,801.62
71 $88,801.62 $1,037.60 $0.00 $502.10 $90,341.32
72 $90,341.32 $1,037.60 $0.00 $510.80 $91,889.72
73 $91,889.72 $1,037.60 $0.00 $519.56 $93,446.88
74 $93,446.88 $1,037.60 $0.00 $528.36 $95,012.84
75 $95,012.84 $1,037.60 $0.00 $537.22 $96,587.66
76 $96,587.66 $1,037.60 $0.00 $546.12 $98,171.38
77 $98,171.38 $1,037.60 $0.00 $555.08 $99,764.06
78 $99,764.06 $1,037.60 $0.00 $564.08 $101,365.74
79 $101,365.74 $1,037.60 $0.00 $573.14 $102,976.48
80 $102,976.48 $1,037.60 $0.00 $582.24 $104,596.32
81 $104,596.32 $1,037.60 $0.00 $591.40 $106,225.32
82 $106,225.32 $1,037.60 $0.00 $600.61 $107,863.53
83 $107,863.53 $1,037.60 $0.00 $609.88 $109,511.01
84 $109,511.01 $1,037.60 $0.00 $619.19 $111,167.80
85 $111,167.80 $1,037.60 $0.00 $628.56 $112,833.96
86 $112,833.96 $1,037.60 $0.00 $637.98 $114,509.54
87 $114,509.54 $1,037.60 $0.00 $647.45 $116,194.59
88 $116,194.59 $1,037.60 $0.00 $656.98 $117,889.17
89 $117,889.17 $1,037.60 $0.00 $666.56 $119,593.33
90 $119,593.33 $1,037.60 $0.00 $676.20 $121,307.13
91 $121,307.13 $1,037.60 $0.00 $685.89 $123,030.62
92 $123,030.62 $1,037.60 $0.00 $695.63 $124,763.85
93 $124,763.85 $1,037.60 $0.00 $705.43 $126,506.88
94 $126,506.88 $1,037.60 $0.00 $715.29 $128,259.77
95 $128,259.77 $1,037.60 $0.00 $725.20 $130,022.57
96 $130,022.57 $1,037.60 $0.00 $735.17 $131,795.34
97 $131,795.34 $1,037.60 $0.00 $745.19 $133,578.13
98 $133,578.13 $1,037.60 $0.00 $755.27 $135,371.00
99 $135,371.00 $1,037.60 $0.00 $765.41 $137,174.01
100 $137,174.01 $1,037.60 $0.00 $775.60 $138,987.21
101 $138,987.21 $1,037.60 $0.00 $785.85 $140,810.66
102 $140,810.66 $1,037.60 $0.00 $796.16 $142,644.42
103 $142,644.42 $1,037.60 $0.00 $806.53 $144,488.55
104 $144,488.55 $1,037.60 $0.00 $816.96 $146,343.11
105 $146,343.11 $1,037.60 $0.00 $827.45 $148,208.16
106 $148,208.16 $1,037.60 $0.00 $837.99 $150,083.75
107 $150,083.75 $1,037.60 $0.00 $848.60 $151,969.95
108 $151,969.95 $1,037.60 $0.00 $859.26 $153,866.81
109 $153,866.81 $1,037.60 $0.00 $869.99 $155,774.40
110 $155,774.40 $1,037.60 $0.00 $880.77 $157,692.77
111 $157,692.77 $1,037.60 $0.00 $891.62 $159,621.99
112 $159,621.99 $1,037.60 $0.00 $902.53 $161,562.12
113 $161,562.12 $1,037.60 $0.00 $913.50 $163,513.22
114 $163,513.22 $1,037.60 $0.00 $924.53 $165,475.35
115 $165,475.35 $1,037.60 $0.00 $935.62 $167,448.57
116 $167,448.57 $1,037.60 $0.00 $946.78 $169,432.95
117 $169,432.95 $1,037.60 $0.00 $958.00 $171,428.55
118 $171,428.55 $1,037.60 $0.00 $969.28 $173,435.43
119 $173,435.43 $1,037.60 $0.00 $980.63 $175,453.66
120 $175,453.66 $1,037.60 $0.00 $992.04 $177,483.30
121 $177,483.30 $1,037.60 $0.00 $1,003.52 $179,524.42
122 $179,524.42 $1,037.60 $0.00 $1,015.06 $181,577.08
123 $181,577.08 $1,037.60 $0.00 $1,026.66 $183,641.34
124 $183,641.34 $1,037.60 $0.00 $1,038.33 $185,717.27
125 $185,717.27 $1,037.60 $0.00 $1,050.07 $187,804.94
126 $187,804.94 $1,037.60 $0.00 $1,061.88 $189,904.42
127 $189,904.42 $1,037.60 $0.00 $1,073.75 $192,015.77
128 $192,015.77 $1,037.60 $0.00 $1,085.69 $194,139.06
129 $194,139.06 $1,037.60 $0.00 $1,097.69 $196,274.35
130 $196,274.35 $1,037.60 $0.00 $1,109.76 $198,421.71
131 $198,421.71 $1,037.60 $0.00 $1,121.91 $200,581.22
132 $200,581.22 $1,037.60 $0.00 $1,134.12 $202,752.94
133 $202,752.94 $1,037.60 $0.00 $1,146.39 $204,936.93
134 $204,936.93 $1,037.60 $0.00 $1,158.74 $207,133.27
135 $207,133.27 $1,037.60 $0.00 $1,171.16 $209,342.03
136 $209,342.03 $1,037.60 $0.00 $1,183.65 $211,563.28
137 $211,563.28 $1,037.60 $0.00 $1,196.21 $213,797.09
138 $213,797.09 $1,037.60 $0.00 $1,208.84 $216,043.53
139 $216,043.53 $1,037.60 $0.00 $1,221.54 $218,302.67
140 $218,302.67 $1,037.60 $0.00 $1,234.32 $220,574.59
141 $220,574.59 $1,037.60 $0.00 $1,247.16 $222,859.35
142 $222,859.35 $1,037.60 $0.00 $1,260.08 $225,157.03
143 $225,157.03 $1,037.60 $0.00 $1,273.07 $227,467.70
144 $227,467.70 $1,037.60 $0.00 $1,286.14 $229,791.44
145 $229,791.44 $1,037.60 $0.00 $1,299.27 $232,128.31
146 $232,128.31 $1,037.60 $0.00 $1,312.49 $234,478.40
147 $234,478.40 $1,037.60 $0.00 $1,325.77 $236,841.77
148 $236,841.77 $1,037.60 $0.00 $1,339.14 $239,218.51
149 $239,218.51 $1,037.60 $0.00 $1,352.58 $241,608.69
150 $241,608.69 $1,037.60 $0.00 $1,366.09 $244,012.38
151 $244,012.38 $1,037.60 $0.00 $1,379.68 $246,429.66
152 $246,429.66 $1,037.60 $0.00 $1,393.35 $248,860.61
153 $248,860.61 $1,037.60 $0.00 $1,407.09 $251,305.30
154 $251,305.30 $1,037.60 $0.00 $1,420.92 $253,763.82
155 $253,763.82 $1,037.60 $0.00 $1,434.82 $256,236.24
156 $256,236.24 $1,037.60 $0.00 $1,448.80 $258,722.64
157 $258,722.64 $1,037.60 $0.00 $1,462.86 $261,223.10
158 $261,223.10 $1,037.60 $0.00 $1,476.99 $263,737.69
159 $263,737.69 $1,037.60 $0.00 $1,491.21 $266,266.50
160 $266,266.50 $1,037.60 $0.00 $1,505.51 $268,809.61
161 $268,809.61 $1,037.60 $0.00 $1,519.89 $271,367.10
162 $271,367.10 $1,037.60 $0.00 $1,534.35 $273,939.05
163 $273,939.05 $1,037.60 $0.00 $1,548.89 $276,525.54
164 $276,525.54 $1,037.60 $0.00 $1,563.52 $279,126.66
165 $279,126.66 $1,037.60 $0.00 $1,578.22 $281,742.48
166 $281,742.48 $1,037.60 $0.00 $1,593.01 $284,373.09
167 $284,373.09 $1,037.60 $0.00 $1,607.89 $287,018.58
168 $287,018.58 $1,037.60 $0.00 $1,622.84 $289,679.02
169 $289,679.02 $1,037.60 $0.00 $1,637.89 $292,354.51
170 $292,354.51 $1,037.60 $0.00 $1,653.01 $295,045.12
171 $295,045.12 $1,037.60 $0.00 $1,668.23 $297,750.95
172 $297,750.95 $1,037.60 $0.00 $1,683.53 $300,472.08
173 $300,472.08 $1,037.60 $0.00 $1,698.91 $303,208.59
174 $303,208.59 $1,037.60 $0.00 $1,714.39 $305,960.58
175 $305,960.58 $1,037.60 $0.00 $1,729.95 $308,728.13
176 $308,728.13 $1,037.60 $0.00 $1,745.59 $311,511.32
177 $311,511.32 $1,037.60 $0.00 $1,761.33 $314,310.25
178 $314,310.25 $1,037.60 $0.00 $1,777.16 $317,125.01
179 $317,125.01 $1,037.60 $0.00 $1,793.07 $319,955.68
180 $319,955.68 $1,037.60 $0.00 $1,809.08 $322,802.36
181 $322,802.36 $1,037.60 $0.00 $1,825.17 $325,665.13
182 $325,665.13 $1,037.60 $0.00 $1,841.36 $328,544.09
183 $328,544.09 $1,037.60 $0.00 $1,857.64 $331,439.33
184 $331,439.33 $1,037.60 $0.00 $1,874.01 $334,350.94
185 $334,350.94 $1,037.60 $0.00 $1,890.47 $337,279.01
186 $337,279.01 $1,037.60 $0.00 $1,907.02 $340,223.63
187 $340,223.63 $1,037.60 $0.00 $1,923.67 $343,184.90
188 $343,184.90 $1,037.60 $0.00 $1,940.42 $346,162.92
189 $346,162.92 $1,037.60 $0.00 $1,957.26 $349,157.78
190 $349,157.78 $1,037.60 $0.00 $1,974.19 $352,169.57
191 $352,169.57 $1,037.60 $0.00 $1,991.22 $355,198.39
192 $355,198.39 $1,037.60 $0.00 $2,008.34 $358,244.33
193 $358,244.33 $1,037.60 $0.00 $2,025.57 $361,307.50
194 $361,307.50 $1,037.60 $0.00 $2,042.89 $364,387.99
195 $364,387.99 $1,037.60 $0.00 $2,060.30 $367,485.89
196 $367,485.89 $1,037.60 $0.00 $2,077.82 $370,601.31
197 $370,601.31 $1,037.60 $0.00 $2,095.43 $373,734.34
198 $373,734.34 $1,037.60 $0.00 $2,113.15 $376,885.09
199 $376,885.09 $1,037.60 $0.00 $2,130.96 $380,053.65
200 $380,053.65 $1,037.60 $0.00 $2,148.88 $383,240.13
201 $383,240.13 $1,037.60 $0.00 $2,166.90 $386,444.63
202 $386,444.63 $1,037.60 $0.00 $2,185.01 $389,667.24
203 $389,667.24 $1,037.60 $0.00 $2,203.24 $392,908.08
204 $392,908.08 $1,037.60 $0.00 $2,221.56 $396,167.24
205 $396,167.24 $1,037.60 $0.00 $2,239.99 $399,444.83
206 $399,444.83 $1,037.60 $0.00 $2,258.52 $402,740.95
207 $402,740.95 $1,037.60 $0.00 $2,277.16 $406,055.71
208 $406,055.71 $1,037.60 $0.00 $2,295.90 $409,389.21
209 $409,389.21 $1,037.60 $0.00 $2,314.75 $412,741.56
210 $412,741.56 $1,037.60 $0.00 $2,333.70 $416,112.86
211 $416,112.86 $1,037.60 $0.00 $2,352.76 $419,503.22
212 $419,503.22 $1,037.60 $0.00 $2,371.93 $422,912.75
213 $422,912.75 $1,037.60 $0.00 $2,391.21 $426,341.56
214 $426,341.56 $1,037.60 $0.00 $2,410.60 $429,789.76
215 $429,789.76 $1,037.60 $0.00 $2,430.09 $433,257.45
216 $433,257.45 $1,037.60 $0.00 $2,449.70 $436,744.75
217 $436,744.75 $1,037.60 $121,647.38 $2,469.42 $318,604.39
218 $318,604.39 $1,037.60 $0.00 $1,801.44 $321,443.43
219 $321,443.43 $1,037.60 $0.00 $1,817.49 $324,298.52
220 $324,298.52 $1,037.60 $0.00 $1,833.63 $327,169.75
221 $327,169.75 $1,037.60 $0.00 $1,849.87 $330,057.22
222 $330,057.22 $1,037.60 $0.00 $1,866.19 $332,961.01
223 $332,961.01 $1,037.60 $0.00 $1,882.61 $335,881.22
224 $335,881.22 $1,037.60 $0.00 $1,899.12 $338,817.94
225 $338,817.94 $1,037.60 $0.00 $1,915.73 $341,771.27
226 $341,771.27 $1,037.60 $0.00 $1,932.42 $344,741.29
227 $344,741.29 $1,037.60 $0.00 $1,949.22 $347,728.11
228 $347,728.11 $1,037.60 $0.00 $1,966.11 $350,731.82
229 $350,731.82 $1,037.60 $127,729.75 $1,983.09 $226,022.76
230 $226,022.76 $1,037.60 $0.00 $1,277.97 $228,338.33
231 $228,338.33 $1,037.60 $0.00 $1,291.06 $230,666.99
232 $230,666.99 $1,037.60 $0.00 $1,304.22 $233,008.81
233 $233,008.81 $1,037.60 $0.00 $1,317.47 $235,363.88
234 $235,363.88 $1,037.60 $0.00 $1,330.78 $237,732.26
235 $237,732.26 $1,037.60 $0.00 $1,344.17 $240,114.03
236 $240,114.03 $1,037.60 $0.00 $1,357.64 $242,509.27
237 $242,509.27 $1,037.60 $0.00 $1,371.18 $244,918.05
238 $244,918.05 $1,037.60 $0.00 $1,384.80 $247,340.45
239 $247,340.45 $1,037.60 $0.00 $1,398.50 $249,776.55
240 $249,776.55 $1,037.60 $0.00 $1,412.27 $252,226.42
241 $252,226.42 $1,037.60 $134,116.24 $1,426.12 $120,573.90
242 $120,573.90 $1,037.60 $0.00 $681.74 $122,293.24
243 $122,293.24 $1,037.60 $0.00 $691.46 $124,022.30
244 $124,022.30 $1,037.60 $0.00 $701.24 $125,761.14
245 $125,761.14 $1,037.60 $0.00 $711.07 $127,509.81
246 $127,509.81 $1,037.60 $0.00 $720.96 $129,268.37
247 $129,268.37 $1,037.60 $0.00 $730.90 $131,036.87
248 $131,036.87 $1,037.60 $0.00 $740.90 $132,815.37
249 $132,815.37 $1,037.60 $0.00 $750.96 $134,603.93
250 $134,603.93 $1,037.60 $0.00 $761.07 $136,402.60
251 $136,402.60 $1,037.60 $0.00 $771.24 $138,211.44
252 $138,211.44 $1,037.60 $0.00 $781.47 $140,030.51
253 $140,030.51 $0.00 $140,822.05 $791.75 $0.21