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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$171,707
Monthly savings required$1,359

How much will it cost to send your child to Grinnell College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $686,826.55 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,359.19 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$66,214.00
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 $1,359.19 $0.00 $0.00 $1,359.19
2 $1,359.19 $1,359.19 $0.00 $7.69 $2,726.07
3 $2,726.07 $1,359.19 $0.00 $15.41 $4,100.67
4 $4,100.67 $1,359.19 $0.00 $23.19 $5,483.05
5 $5,483.05 $1,359.19 $0.00 $31.00 $6,873.24
6 $6,873.24 $1,359.19 $0.00 $38.86 $8,271.29
7 $8,271.29 $1,359.19 $0.00 $46.77 $9,677.25
8 $9,677.25 $1,359.19 $0.00 $54.72 $11,091.16
9 $11,091.16 $1,359.19 $0.00 $62.71 $12,513.06
10 $12,513.06 $1,359.19 $0.00 $70.75 $13,943.00
11 $13,943.00 $1,359.19 $0.00 $78.84 $15,381.03
12 $15,381.03 $1,359.19 $0.00 $86.97 $16,827.19
13 $16,827.19 $1,359.19 $0.00 $95.14 $18,281.52
14 $18,281.52 $1,359.19 $0.00 $103.37 $19,744.08
15 $19,744.08 $1,359.19 $0.00 $111.64 $21,214.91
16 $21,214.91 $1,359.19 $0.00 $119.95 $22,694.05
17 $22,694.05 $1,359.19 $0.00 $128.32 $24,181.56
18 $24,181.56 $1,359.19 $0.00 $136.73 $25,677.48
19 $25,677.48 $1,359.19 $0.00 $145.18 $27,181.85
20 $27,181.85 $1,359.19 $0.00 $153.69 $28,694.73
21 $28,694.73 $1,359.19 $0.00 $162.24 $30,216.16
22 $30,216.16 $1,359.19 $0.00 $170.85 $31,746.20
23 $31,746.20 $1,359.19 $0.00 $179.50 $33,284.89
24 $33,284.89 $1,359.19 $0.00 $188.20 $34,832.28
25 $34,832.28 $1,359.19 $0.00 $196.95 $36,388.42
26 $36,388.42 $1,359.19 $0.00 $205.75 $37,953.36
27 $37,953.36 $1,359.19 $0.00 $214.59 $39,527.14
28 $39,527.14 $1,359.19 $0.00 $223.49 $41,109.82
29 $41,109.82 $1,359.19 $0.00 $232.44 $42,701.45
30 $42,701.45 $1,359.19 $0.00 $241.44 $44,302.08
31 $44,302.08 $1,359.19 $0.00 $250.49 $45,911.76
32 $45,911.76 $1,359.19 $0.00 $259.59 $47,530.54
33 $47,530.54 $1,359.19 $0.00 $268.74 $49,158.47
34 $49,158.47 $1,359.19 $0.00 $277.95 $50,795.61
35 $50,795.61 $1,359.19 $0.00 $287.21 $52,442.01
36 $52,442.01 $1,359.19 $0.00 $296.51 $54,097.71
37 $54,097.71 $1,359.19 $0.00 $305.88 $55,762.78
38 $55,762.78 $1,359.19 $0.00 $315.29 $57,437.26
39 $57,437.26 $1,359.19 $0.00 $324.76 $59,121.21
40 $59,121.21 $1,359.19 $0.00 $334.28 $60,814.68
41 $60,814.68 $1,359.19 $0.00 $343.86 $62,517.73
42 $62,517.73 $1,359.19 $0.00 $353.48 $64,230.40
43 $64,230.40 $1,359.19 $0.00 $363.17 $65,952.76
44 $65,952.76 $1,359.19 $0.00 $372.91 $67,684.86
45 $67,684.86 $1,359.19 $0.00 $382.70 $69,426.75
46 $69,426.75 $1,359.19 $0.00 $392.55 $71,178.49
47 $71,178.49 $1,359.19 $0.00 $402.45 $72,940.13
48 $72,940.13 $1,359.19 $0.00 $412.41 $74,711.73
49 $74,711.73 $1,359.19 $0.00 $422.43 $76,493.35
50 $76,493.35 $1,359.19 $0.00 $432.50 $78,285.04
51 $78,285.04 $1,359.19 $0.00 $442.63 $80,086.86
52 $80,086.86 $1,359.19 $0.00 $452.82 $81,898.87
53 $81,898.87 $1,359.19 $0.00 $463.07 $83,721.13
54 $83,721.13 $1,359.19 $0.00 $473.37 $85,553.69
55 $85,553.69 $1,359.19 $0.00 $483.73 $87,396.61
56 $87,396.61 $1,359.19 $0.00 $494.15 $89,249.95
57 $89,249.95 $1,359.19 $0.00 $504.63 $91,113.77
58 $91,113.77 $1,359.19 $0.00 $515.17 $92,988.13
59 $92,988.13 $1,359.19 $0.00 $525.77 $94,873.09
60 $94,873.09 $1,359.19 $0.00 $536.43 $96,768.71
61 $96,768.71 $1,359.19 $0.00 $547.14 $98,675.04
62 $98,675.04 $1,359.19 $0.00 $557.92 $100,592.15
63 $100,592.15 $1,359.19 $0.00 $568.76 $102,520.10
64 $102,520.10 $1,359.19 $0.00 $579.66 $104,458.95
65 $104,458.95 $1,359.19 $0.00 $590.63 $106,408.77
66 $106,408.77 $1,359.19 $0.00 $601.65 $108,369.61
67 $108,369.61 $1,359.19 $0.00 $612.74 $110,341.54
68 $110,341.54 $1,359.19 $0.00 $623.89 $112,324.62
69 $112,324.62 $1,359.19 $0.00 $635.10 $114,318.91
70 $114,318.91 $1,359.19 $0.00 $646.38 $116,324.48
71 $116,324.48 $1,359.19 $0.00 $657.72 $118,341.39
72 $118,341.39 $1,359.19 $0.00 $669.12 $120,369.70
73 $120,369.70 $1,359.19 $0.00 $680.59 $122,409.48
74 $122,409.48 $1,359.19 $0.00 $692.12 $124,460.79
75 $124,460.79 $1,359.19 $0.00 $703.72 $126,523.70
76 $126,523.70 $1,359.19 $0.00 $715.38 $128,598.27
77 $128,598.27 $1,359.19 $0.00 $727.11 $130,684.57
78 $130,684.57 $1,359.19 $0.00 $738.91 $132,782.67
79 $132,782.67 $1,359.19 $0.00 $750.77 $134,892.63
80 $134,892.63 $1,359.19 $0.00 $762.70 $137,014.52
81 $137,014.52 $1,359.19 $0.00 $774.70 $139,148.41
82 $139,148.41 $1,359.19 $0.00 $786.77 $141,294.37
83 $141,294.37 $1,359.19 $0.00 $798.90 $143,452.46
84 $143,452.46 $1,359.19 $0.00 $811.10 $145,622.75
85 $145,622.75 $1,359.19 $0.00 $823.37 $147,805.31
86 $147,805.31 $1,359.19 $0.00 $835.71 $150,000.21
87 $150,000.21 $1,359.19 $0.00 $848.12 $152,207.52
88 $152,207.52 $1,359.19 $0.00 $860.60 $154,427.31
89 $154,427.31 $1,359.19 $0.00 $873.15 $156,659.65
90 $156,659.65 $1,359.19 $0.00 $885.78 $158,904.62
91 $158,904.62 $1,359.19 $0.00 $898.47 $161,162.28
92 $161,162.28 $1,359.19 $0.00 $911.23 $163,432.70
93 $163,432.70 $1,359.19 $0.00 $924.07 $165,715.96
94 $165,715.96 $1,359.19 $0.00 $936.98 $168,012.13
95 $168,012.13 $1,359.19 $0.00 $949.97 $170,321.29
96 $170,321.29 $1,359.19 $0.00 $963.02 $172,643.50
97 $172,643.50 $1,359.19 $0.00 $976.15 $174,978.84
98 $174,978.84 $1,359.19 $0.00 $989.36 $177,327.39
99 $177,327.39 $1,359.19 $0.00 $1,002.63 $179,689.21
100 $179,689.21 $1,359.19 $0.00 $1,015.99 $182,064.39
101 $182,064.39 $1,359.19 $0.00 $1,029.42 $184,453.00
102 $184,453.00 $1,359.19 $0.00 $1,042.92 $186,855.11
103 $186,855.11 $1,359.19 $0.00 $1,056.51 $189,270.81
104 $189,270.81 $1,359.19 $0.00 $1,070.16 $191,700.16
105 $191,700.16 $1,359.19 $0.00 $1,083.90 $194,143.25
106 $194,143.25 $1,359.19 $0.00 $1,097.71 $196,600.15
107 $196,600.15 $1,359.19 $0.00 $1,111.61 $199,070.95
108 $199,070.95 $1,359.19 $0.00 $1,125.58 $201,555.72
109 $201,555.72 $1,359.19 $0.00 $1,139.63 $204,054.54
110 $204,054.54 $1,359.19 $0.00 $1,153.75 $206,567.48
111 $206,567.48 $1,359.19 $0.00 $1,167.96 $209,094.63
112 $209,094.63 $1,359.19 $0.00 $1,182.25 $211,636.07
113 $211,636.07 $1,359.19 $0.00 $1,196.62 $214,191.88
114 $214,191.88 $1,359.19 $0.00 $1,211.07 $216,762.14
115 $216,762.14 $1,359.19 $0.00 $1,225.60 $219,346.93
116 $219,346.93 $1,359.19 $0.00 $1,240.22 $221,946.34
117 $221,946.34 $1,359.19 $0.00 $1,254.92 $224,560.45
118 $224,560.45 $1,359.19 $0.00 $1,269.70 $227,189.34
119 $227,189.34 $1,359.19 $0.00 $1,284.56 $229,833.09
120 $229,833.09 $1,359.19 $0.00 $1,299.51 $232,491.79
121 $232,491.79 $1,359.19 $0.00 $1,314.54 $235,165.52
122 $235,165.52 $1,359.19 $0.00 $1,329.66 $237,854.37
123 $237,854.37 $1,359.19 $0.00 $1,344.86 $240,558.42
124 $240,558.42 $1,359.19 $0.00 $1,360.15 $243,277.76
125 $243,277.76 $1,359.19 $0.00 $1,375.53 $246,012.48
126 $246,012.48 $1,359.19 $0.00 $1,390.99 $248,762.66
127 $248,762.66 $1,359.19 $0.00 $1,406.54 $251,528.39
128 $251,528.39 $1,359.19 $0.00 $1,422.18 $254,309.76
129 $254,309.76 $1,359.19 $0.00 $1,437.90 $257,106.85
130 $257,106.85 $1,359.19 $0.00 $1,453.72 $259,919.76
131 $259,919.76 $1,359.19 $0.00 $1,469.62 $262,748.57
132 $262,748.57 $1,359.19 $0.00 $1,485.62 $265,593.38
133 $265,593.38 $1,359.19 $0.00 $1,501.70 $268,454.27
134 $268,454.27 $1,359.19 $0.00 $1,517.88 $271,331.34
135 $271,331.34 $1,359.19 $0.00 $1,534.15 $274,224.68
136 $274,224.68 $1,359.19 $0.00 $1,550.51 $277,134.38
137 $277,134.38 $1,359.19 $0.00 $1,566.96 $280,060.53
138 $280,060.53 $1,359.19 $0.00 $1,583.50 $283,003.22
139 $283,003.22 $1,359.19 $0.00 $1,600.14 $285,962.55
140 $285,962.55 $1,359.19 $0.00 $1,616.87 $288,938.61
141 $288,938.61 $1,359.19 $0.00 $1,633.70 $291,931.50
142 $291,931.50 $1,359.19 $0.00 $1,650.62 $294,941.31
143 $294,941.31 $1,359.19 $0.00 $1,667.64 $297,968.14
144 $297,968.14 $1,359.19 $0.00 $1,684.76 $301,012.09
145 $301,012.09 $1,359.19 $0.00 $1,701.97 $304,073.25
146 $304,073.25 $1,359.19 $0.00 $1,719.27 $307,151.71
147 $307,151.71 $1,359.19 $0.00 $1,736.68 $310,247.58
148 $310,247.58 $1,359.19 $0.00 $1,754.18 $313,360.95
149 $313,360.95 $1,359.19 $0.00 $1,771.79 $316,491.93
150 $316,491.93 $1,359.19 $0.00 $1,789.49 $319,640.61
151 $319,640.61 $1,359.19 $0.00 $1,807.29 $322,807.09
152 $322,807.09 $1,359.19 $0.00 $1,825.20 $325,991.48
153 $325,991.48 $1,359.19 $0.00 $1,843.20 $329,193.87
154 $329,193.87 $1,359.19 $0.00 $1,861.31 $332,414.37
155 $332,414.37 $1,359.19 $0.00 $1,879.52 $335,653.08
156 $335,653.08 $1,359.19 $0.00 $1,897.83 $338,910.10
157 $338,910.10 $1,359.19 $0.00 $1,916.25 $342,185.54
158 $342,185.54 $1,359.19 $0.00 $1,934.77 $345,479.50
159 $345,479.50 $1,359.19 $0.00 $1,953.39 $348,792.08
160 $348,792.08 $1,359.19 $0.00 $1,972.12 $352,123.39
161 $352,123.39 $1,359.19 $0.00 $1,990.96 $355,473.54
162 $355,473.54 $1,359.19 $0.00 $2,009.90 $358,842.63
163 $358,842.63 $1,359.19 $0.00 $2,028.95 $362,230.77
164 $362,230.77 $1,359.19 $0.00 $2,048.11 $365,638.07
165 $365,638.07 $1,359.19 $0.00 $2,067.37 $369,064.63
166 $369,064.63 $1,359.19 $0.00 $2,086.75 $372,510.57
167 $372,510.57 $1,359.19 $0.00 $2,106.23 $375,975.99
168 $375,975.99 $1,359.19 $0.00 $2,125.82 $379,461.00
169 $379,461.00 $1,359.19 $0.00 $2,145.53 $382,965.72
170 $382,965.72 $1,359.19 $0.00 $2,165.34 $386,490.25
171 $386,490.25 $1,359.19 $0.00 $2,185.27 $390,034.71
172 $390,034.71 $1,359.19 $0.00 $2,205.31 $393,599.21
173 $393,599.21 $1,359.19 $0.00 $2,225.47 $397,183.87
174 $397,183.87 $1,359.19 $0.00 $2,245.74 $400,788.80
175 $400,788.80 $1,359.19 $0.00 $2,266.12 $404,414.11
176 $404,414.11 $1,359.19 $0.00 $2,286.62 $408,059.92
177 $408,059.92 $1,359.19 $0.00 $2,307.23 $411,726.34
178 $411,726.34 $1,359.19 $0.00 $2,327.96 $415,413.49
179 $415,413.49 $1,359.19 $0.00 $2,348.81 $419,121.49
180 $419,121.49 $1,359.19 $0.00 $2,369.77 $422,850.45
181 $422,850.45 $1,359.19 $0.00 $2,390.86 $426,600.50
182 $426,600.50 $1,359.19 $0.00 $2,412.06 $430,371.75
183 $430,371.75 $1,359.19 $0.00 $2,433.38 $434,164.32
184 $434,164.32 $1,359.19 $0.00 $2,454.83 $437,978.34
185 $437,978.34 $1,359.19 $0.00 $2,476.39 $441,813.92
186 $441,813.92 $1,359.19 $0.00 $2,498.08 $445,671.19
187 $445,671.19 $1,359.19 $0.00 $2,519.89 $449,550.27
188 $449,550.27 $1,359.19 $0.00 $2,541.82 $453,451.28
189 $453,451.28 $1,359.19 $0.00 $2,563.88 $457,374.35
190 $457,374.35 $1,359.19 $0.00 $2,586.06 $461,319.60
191 $461,319.60 $1,359.19 $0.00 $2,608.37 $465,287.16
192 $465,287.16 $1,359.19 $0.00 $2,630.80 $469,277.15
193 $469,277.15 $1,359.19 $0.00 $2,653.36 $473,289.70
194 $473,289.70 $1,359.19 $0.00 $2,676.05 $477,324.94
195 $477,324.94 $1,359.19 $0.00 $2,698.86 $481,382.99
196 $481,382.99 $1,359.19 $0.00 $2,721.81 $485,463.99
197 $485,463.99 $1,359.19 $0.00 $2,744.88 $489,568.06
198 $489,568.06 $1,359.19 $0.00 $2,768.09 $493,695.34
199 $493,695.34 $1,359.19 $0.00 $2,791.43 $497,845.96
200 $497,845.96 $1,359.19 $0.00 $2,814.89 $502,020.04
201 $502,020.04 $1,359.19 $0.00 $2,838.49 $506,217.72
202 $506,217.72 $1,359.19 $0.00 $2,862.23 $510,439.14
203 $510,439.14 $1,359.19 $0.00 $2,886.10 $514,684.43
204 $514,684.43 $1,359.19 $0.00 $2,910.10 $518,953.72
205 $518,953.72 $1,359.19 $0.00 $2,934.24 $523,247.15
206 $523,247.15 $1,359.19 $0.00 $2,958.52 $527,564.86
207 $527,564.86 $1,359.19 $0.00 $2,982.93 $531,906.98
208 $531,906.98 $1,359.19 $0.00 $3,007.48 $536,273.65
209 $536,273.65 $1,359.19 $0.00 $3,032.17 $540,665.01
210 $540,665.01 $1,359.19 $0.00 $3,057.00 $545,081.20
211 $545,081.20 $1,359.19 $0.00 $3,081.97 $549,522.36
212 $549,522.36 $1,359.19 $0.00 $3,107.08 $553,988.63
213 $553,988.63 $1,359.19 $0.00 $3,132.33 $558,480.15
214 $558,480.15 $1,359.19 $0.00 $3,157.73 $562,997.07
215 $562,997.07 $1,359.19 $0.00 $3,183.27 $567,539.53
216 $567,539.53 $1,359.19 $0.00 $3,208.95 $572,107.67
217 $572,107.67 $1,359.19 $159,351.89 $3,234.78 $417,349.75
218 $417,349.75 $1,359.19 $0.00 $2,359.76 $421,068.70
219 $421,068.70 $1,359.19 $0.00 $2,380.78 $424,808.67
220 $424,808.67 $1,359.19 $0.00 $2,401.93 $428,569.79
221 $428,569.79 $1,359.19 $0.00 $2,423.20 $432,352.18
222 $432,352.18 $1,359.19 $0.00 $2,444.58 $436,155.95
223 $436,155.95 $1,359.19 $0.00 $2,466.09 $439,981.23
224 $439,981.23 $1,359.19 $0.00 $2,487.72 $443,828.14
225 $443,828.14 $1,359.19 $0.00 $2,509.47 $447,696.80
226 $447,696.80 $1,359.19 $0.00 $2,531.34 $451,587.33
227 $451,587.33 $1,359.19 $0.00 $2,553.34 $455,499.86
228 $455,499.86 $1,359.19 $0.00 $2,575.46 $459,434.51
229 $459,434.51 $1,359.19 $167,319.48 $2,597.71 $296,071.93
230 $296,071.93 $1,359.19 $0.00 $1,674.03 $299,105.15
231 $299,105.15 $1,359.19 $0.00 $1,691.18 $302,155.52
232 $302,155.52 $1,359.19 $0.00 $1,708.43 $305,223.14
233 $305,223.14 $1,359.19 $0.00 $1,725.78 $308,308.11
234 $308,308.11 $1,359.19 $0.00 $1,743.22 $311,410.52
235 $311,410.52 $1,359.19 $0.00 $1,760.76 $314,530.47
236 $314,530.47 $1,359.19 $0.00 $1,778.40 $317,668.06
237 $317,668.06 $1,359.19 $0.00 $1,796.14 $320,823.39
238 $320,823.39 $1,359.19 $0.00 $1,813.98 $323,996.56
239 $323,996.56 $1,359.19 $0.00 $1,831.92 $327,187.67
240 $327,187.67 $1,359.19 $0.00 $1,849.97 $330,396.83
241 $330,396.83 $1,359.19 $175,685.45 $1,868.11 $157,938.68
242 $157,938.68 $1,359.19 $0.00 $893.01 $160,190.88
243 $160,190.88 $1,359.19 $0.00 $905.74 $162,455.81
244 $162,455.81 $1,359.19 $0.00 $918.55 $164,733.55
245 $164,733.55 $1,359.19 $0.00 $931.43 $167,024.17
246 $167,024.17 $1,359.19 $0.00 $944.38 $169,327.74
247 $169,327.74 $1,359.19 $0.00 $957.40 $171,644.33
248 $171,644.33 $1,359.19 $0.00 $970.50 $173,974.02
249 $173,974.02 $1,359.19 $0.00 $983.67 $176,316.88
250 $176,316.88 $1,359.19 $0.00 $996.92 $178,672.99
251 $178,672.99 $1,359.19 $0.00 $1,010.24 $181,042.42
252 $181,042.42 $1,359.19 $0.00 $1,023.64 $183,425.25
253 $183,425.25 $0.00 $184,469.73 $1,037.11 ($7.37)