Savings Plan and Future Cost Estimation for Goucher College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$262,617
Monthly savings required$2,076

How much will it cost to send your child to Goucher College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $1,050,469.47 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $2,075.52 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$70,000.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $2,075.52 $0.00 $0.00 $2,075.52
2 $2,075.52 $2,075.52 $0.00 $11.74 $4,162.78
3 $4,162.78 $2,075.52 $0.00 $23.54 $6,261.84
4 $6,261.84 $2,075.52 $0.00 $35.41 $8,372.77
5 $8,372.77 $2,075.52 $0.00 $47.34 $10,495.63
6 $10,495.63 $2,075.52 $0.00 $59.34 $12,630.49
7 $12,630.49 $2,075.52 $0.00 $71.41 $14,777.42
8 $14,777.42 $2,075.52 $0.00 $83.55 $16,936.49
9 $16,936.49 $2,075.52 $0.00 $95.76 $19,107.77
10 $19,107.77 $2,075.52 $0.00 $108.04 $21,291.33
11 $21,291.33 $2,075.52 $0.00 $120.38 $23,487.23
12 $23,487.23 $2,075.52 $0.00 $132.80 $25,695.55
13 $25,695.55 $2,075.52 $0.00 $145.29 $27,916.36
14 $27,916.36 $2,075.52 $0.00 $157.84 $30,149.72
15 $30,149.72 $2,075.52 $0.00 $170.47 $32,395.71
16 $32,395.71 $2,075.52 $0.00 $183.17 $34,654.40
17 $34,654.40 $2,075.52 $0.00 $195.94 $36,925.86
18 $36,925.86 $2,075.52 $0.00 $208.78 $39,210.16
19 $39,210.16 $2,075.52 $0.00 $221.70 $41,507.38
20 $41,507.38 $2,075.52 $0.00 $234.69 $43,817.59
21 $43,817.59 $2,075.52 $0.00 $247.75 $46,140.86
22 $46,140.86 $2,075.52 $0.00 $260.89 $48,477.27
23 $48,477.27 $2,075.52 $0.00 $274.10 $50,826.89
24 $50,826.89 $2,075.52 $0.00 $287.38 $53,189.79
25 $53,189.79 $2,075.52 $0.00 $300.74 $55,566.05
26 $55,566.05 $2,075.52 $0.00 $314.18 $57,955.75
27 $57,955.75 $2,075.52 $0.00 $327.69 $60,358.96
28 $60,358.96 $2,075.52 $0.00 $341.28 $62,775.76
29 $62,775.76 $2,075.52 $0.00 $354.94 $65,206.22
30 $65,206.22 $2,075.52 $0.00 $368.69 $67,650.43
31 $67,650.43 $2,075.52 $0.00 $382.51 $70,108.46
32 $70,108.46 $2,075.52 $0.00 $396.40 $72,580.38
33 $72,580.38 $2,075.52 $0.00 $410.38 $75,066.28
34 $75,066.28 $2,075.52 $0.00 $424.44 $77,566.24
35 $77,566.24 $2,075.52 $0.00 $438.57 $80,080.33
36 $80,080.33 $2,075.52 $0.00 $452.79 $82,608.64
37 $82,608.64 $2,075.52 $0.00 $467.08 $85,151.24
38 $85,151.24 $2,075.52 $0.00 $481.46 $87,708.22
39 $87,708.22 $2,075.52 $0.00 $495.92 $90,279.66
40 $90,279.66 $2,075.52 $0.00 $510.45 $92,865.63
41 $92,865.63 $2,075.52 $0.00 $525.08 $95,466.23
42 $95,466.23 $2,075.52 $0.00 $539.78 $98,081.53
43 $98,081.53 $2,075.52 $0.00 $554.57 $100,711.62
44 $100,711.62 $2,075.52 $0.00 $569.44 $103,356.58
45 $103,356.58 $2,075.52 $0.00 $584.39 $106,016.49
46 $106,016.49 $2,075.52 $0.00 $599.43 $108,691.44
47 $108,691.44 $2,075.52 $0.00 $614.56 $111,381.52
48 $111,381.52 $2,075.52 $0.00 $629.77 $114,086.81
49 $114,086.81 $2,075.52 $0.00 $645.06 $116,807.39
50 $116,807.39 $2,075.52 $0.00 $660.45 $119,543.36
51 $119,543.36 $2,075.52 $0.00 $675.92 $122,294.80
52 $122,294.80 $2,075.52 $0.00 $691.47 $125,061.79
53 $125,061.79 $2,075.52 $0.00 $707.12 $127,844.43
54 $127,844.43 $2,075.52 $0.00 $722.85 $130,642.80
55 $130,642.80 $2,075.52 $0.00 $738.67 $133,456.99
56 $133,456.99 $2,075.52 $0.00 $754.59 $136,287.10
57 $136,287.10 $2,075.52 $0.00 $770.59 $139,133.21
58 $139,133.21 $2,075.52 $0.00 $786.68 $141,995.41
59 $141,995.41 $2,075.52 $0.00 $802.86 $144,873.79
60 $144,873.79 $2,075.52 $0.00 $819.14 $147,768.45
61 $147,768.45 $2,075.52 $0.00 $835.50 $150,679.47
62 $150,679.47 $2,075.52 $0.00 $851.96 $153,606.95
63 $153,606.95 $2,075.52 $0.00 $868.52 $156,550.99
64 $156,550.99 $2,075.52 $0.00 $885.16 $159,511.67
65 $159,511.67 $2,075.52 $0.00 $901.90 $162,489.09
66 $162,489.09 $2,075.52 $0.00 $918.74 $165,483.35
67 $165,483.35 $2,075.52 $0.00 $935.67 $168,494.54
68 $168,494.54 $2,075.52 $0.00 $952.69 $171,522.75
69 $171,522.75 $2,075.52 $0.00 $969.81 $174,568.08
70 $174,568.08 $2,075.52 $0.00 $987.03 $177,630.63
71 $177,630.63 $2,075.52 $0.00 $1,004.35 $180,710.50
72 $180,710.50 $2,075.52 $0.00 $1,021.76 $183,807.78
73 $183,807.78 $2,075.52 $0.00 $1,039.28 $186,922.58
74 $186,922.58 $2,075.52 $0.00 $1,056.89 $190,054.99
75 $190,054.99 $2,075.52 $0.00 $1,074.60 $193,205.11
76 $193,205.11 $2,075.52 $0.00 $1,092.41 $196,373.04
77 $196,373.04 $2,075.52 $0.00 $1,110.32 $199,558.88
78 $199,558.88 $2,075.52 $0.00 $1,128.33 $202,762.73
79 $202,762.73 $2,075.52 $0.00 $1,146.45 $205,984.70
80 $205,984.70 $2,075.52 $0.00 $1,164.67 $209,224.89
81 $209,224.89 $2,075.52 $0.00 $1,182.99 $212,483.40
82 $212,483.40 $2,075.52 $0.00 $1,201.41 $215,760.33
83 $215,760.33 $2,075.52 $0.00 $1,219.94 $219,055.79
84 $219,055.79 $2,075.52 $0.00 $1,238.57 $222,369.88
85 $222,369.88 $2,075.52 $0.00 $1,257.31 $225,702.71
86 $225,702.71 $2,075.52 $0.00 $1,276.16 $229,054.39
87 $229,054.39 $2,075.52 $0.00 $1,295.11 $232,425.02
88 $232,425.02 $2,075.52 $0.00 $1,314.16 $235,814.70
89 $235,814.70 $2,075.52 $0.00 $1,333.33 $239,223.55
90 $239,223.55 $2,075.52 $0.00 $1,352.60 $242,651.67
91 $242,651.67 $2,075.52 $0.00 $1,371.99 $246,099.18
92 $246,099.18 $2,075.52 $0.00 $1,391.48 $249,566.18
93 $249,566.18 $2,075.52 $0.00 $1,411.08 $253,052.78
94 $253,052.78 $2,075.52 $0.00 $1,430.80 $256,559.10
95 $256,559.10 $2,075.52 $0.00 $1,450.62 $260,085.24
96 $260,085.24 $2,075.52 $0.00 $1,470.56 $263,631.32
97 $263,631.32 $2,075.52 $0.00 $1,490.61 $267,197.45
98 $267,197.45 $2,075.52 $0.00 $1,510.77 $270,783.74
99 $270,783.74 $2,075.52 $0.00 $1,531.05 $274,390.31
100 $274,390.31 $2,075.52 $0.00 $1,551.44 $278,017.27
101 $278,017.27 $2,075.52 $0.00 $1,571.95 $281,664.74
102 $281,664.74 $2,075.52 $0.00 $1,592.57 $285,332.83
103 $285,332.83 $2,075.52 $0.00 $1,613.31 $289,021.66
104 $289,021.66 $2,075.52 $0.00 $1,634.17 $292,731.35
105 $292,731.35 $2,075.52 $0.00 $1,655.15 $296,462.02
106 $296,462.02 $2,075.52 $0.00 $1,676.24 $300,213.78
107 $300,213.78 $2,075.52 $0.00 $1,697.45 $303,986.75
108 $303,986.75 $2,075.52 $0.00 $1,718.79 $307,781.06
109 $307,781.06 $2,075.52 $0.00 $1,740.24 $311,596.82
110 $311,596.82 $2,075.52 $0.00 $1,761.81 $315,434.15
111 $315,434.15 $2,075.52 $0.00 $1,783.51 $319,293.18
112 $319,293.18 $2,075.52 $0.00 $1,805.33 $323,174.03
113 $323,174.03 $2,075.52 $0.00 $1,827.27 $327,076.82
114 $327,076.82 $2,075.52 $0.00 $1,849.34 $331,001.68
115 $331,001.68 $2,075.52 $0.00 $1,871.53 $334,948.73
116 $334,948.73 $2,075.52 $0.00 $1,893.85 $338,918.10
117 $338,918.10 $2,075.52 $0.00 $1,916.29 $342,909.91
118 $342,909.91 $2,075.52 $0.00 $1,938.86 $346,924.29
119 $346,924.29 $2,075.52 $0.00 $1,961.56 $350,961.37
120 $350,961.37 $2,075.52 $0.00 $1,984.39 $355,021.28
121 $355,021.28 $2,075.52 $0.00 $2,007.34 $359,104.14
122 $359,104.14 $2,075.52 $0.00 $2,030.43 $363,210.09
123 $363,210.09 $2,075.52 $0.00 $2,053.64 $367,339.25
124 $367,339.25 $2,075.52 $0.00 $2,076.99 $371,491.76
125 $371,491.76 $2,075.52 $0.00 $2,100.47 $375,667.75
126 $375,667.75 $2,075.52 $0.00 $2,124.08 $379,867.35
127 $379,867.35 $2,075.52 $0.00 $2,147.83 $384,090.70
128 $384,090.70 $2,075.52 $0.00 $2,171.70 $388,337.92
129 $388,337.92 $2,075.52 $0.00 $2,195.72 $392,609.16
130 $392,609.16 $2,075.52 $0.00 $2,219.87 $396,904.55
131 $396,904.55 $2,075.52 $0.00 $2,244.16 $401,224.23
132 $401,224.23 $2,075.52 $0.00 $2,268.58 $405,568.33
133 $405,568.33 $2,075.52 $0.00 $2,293.14 $409,936.99
134 $409,936.99 $2,075.52 $0.00 $2,317.84 $414,330.35
135 $414,330.35 $2,075.52 $0.00 $2,342.68 $418,748.55
136 $418,748.55 $2,075.52 $0.00 $2,367.67 $423,191.74
137 $423,191.74 $2,075.52 $0.00 $2,392.79 $427,660.05
138 $427,660.05 $2,075.52 $0.00 $2,418.05 $432,153.62
139 $432,153.62 $2,075.52 $0.00 $2,443.46 $436,672.60
140 $436,672.60 $2,075.52 $0.00 $2,469.01 $441,217.13
141 $441,217.13 $2,075.52 $0.00 $2,494.71 $445,787.36
142 $445,787.36 $2,075.52 $0.00 $2,520.55 $450,383.43
143 $450,383.43 $2,075.52 $0.00 $2,546.53 $455,005.48
144 $455,005.48 $2,075.52 $0.00 $2,572.67 $459,653.67
145 $459,653.67 $2,075.52 $0.00 $2,598.95 $464,328.14
146 $464,328.14 $2,075.52 $0.00 $2,625.38 $469,029.04
147 $469,029.04 $2,075.52 $0.00 $2,651.96 $473,756.52
148 $473,756.52 $2,075.52 $0.00 $2,678.69 $478,510.73
149 $478,510.73 $2,075.52 $0.00 $2,705.57 $483,291.82
150 $483,291.82 $2,075.52 $0.00 $2,732.60 $488,099.94
151 $488,099.94 $2,075.52 $0.00 $2,759.79 $492,935.25
152 $492,935.25 $2,075.52 $0.00 $2,787.13 $497,797.90
153 $497,797.90 $2,075.52 $0.00 $2,814.62 $502,688.04
154 $502,688.04 $2,075.52 $0.00 $2,842.27 $507,605.83
155 $507,605.83 $2,075.52 $0.00 $2,870.08 $512,551.43
156 $512,551.43 $2,075.52 $0.00 $2,898.04 $517,524.99
157 $517,524.99 $2,075.52 $0.00 $2,926.16 $522,526.67
158 $522,526.67 $2,075.52 $0.00 $2,954.44 $527,556.63
159 $527,556.63 $2,075.52 $0.00 $2,982.88 $532,615.03
160 $532,615.03 $2,075.52 $0.00 $3,011.48 $537,702.03
161 $537,702.03 $2,075.52 $0.00 $3,040.25 $542,817.80
162 $542,817.80 $2,075.52 $0.00 $3,069.17 $547,962.49
163 $547,962.49 $2,075.52 $0.00 $3,098.26 $553,136.27
164 $553,136.27 $2,075.52 $0.00 $3,127.51 $558,339.30
165 $558,339.30 $2,075.52 $0.00 $3,156.93 $563,571.75
166 $563,571.75 $2,075.52 $0.00 $3,186.52 $568,833.79
167 $568,833.79 $2,075.52 $0.00 $3,216.27 $574,125.58
168 $574,125.58 $2,075.52 $0.00 $3,246.19 $579,447.29
169 $579,447.29 $2,075.52 $0.00 $3,276.28 $584,799.09
170 $584,799.09 $2,075.52 $0.00 $3,306.54 $590,181.15
171 $590,181.15 $2,075.52 $0.00 $3,336.97 $595,593.64
172 $595,593.64 $2,075.52 $0.00 $3,367.57 $601,036.73
173 $601,036.73 $2,075.52 $0.00 $3,398.35 $606,510.60
174 $606,510.60 $2,075.52 $0.00 $3,429.30 $612,015.42
175 $612,015.42 $2,075.52 $0.00 $3,460.42 $617,551.36
176 $617,551.36 $2,075.52 $0.00 $3,491.73 $623,118.61
177 $623,118.61 $2,075.52 $0.00 $3,523.20 $628,717.33
178 $628,717.33 $2,075.52 $0.00 $3,554.86 $634,347.71
179 $634,347.71 $2,075.52 $0.00 $3,586.69 $640,009.92
180 $640,009.92 $2,075.52 $0.00 $3,618.71 $645,704.15
181 $645,704.15 $2,075.52 $0.00 $3,650.91 $651,430.58
182 $651,430.58 $2,075.52 $0.00 $3,683.28 $657,189.38
183 $657,189.38 $2,075.52 $0.00 $3,715.84 $662,980.74
184 $662,980.74 $2,075.52 $0.00 $3,748.59 $668,804.85
185 $668,804.85 $2,075.52 $0.00 $3,781.52 $674,661.89
186 $674,661.89 $2,075.52 $0.00 $3,814.64 $680,552.05
187 $680,552.05 $2,075.52 $0.00 $3,847.94 $686,475.51
188 $686,475.51 $2,075.52 $0.00 $3,881.43 $692,432.46
189 $692,432.46 $2,075.52 $0.00 $3,915.11 $698,423.09
190 $698,423.09 $2,075.52 $0.00 $3,948.99 $704,447.60
191 $704,447.60 $2,075.52 $0.00 $3,983.05 $710,506.17
192 $710,506.17 $2,075.52 $0.00 $4,017.31 $716,599.00
193 $716,599.00 $2,075.52 $0.00 $4,051.75 $722,726.27
194 $722,726.27 $2,075.52 $0.00 $4,086.40 $728,888.19
195 $728,888.19 $2,075.52 $0.00 $4,121.24 $735,084.95
196 $735,084.95 $2,075.52 $0.00 $4,156.28 $741,316.75
197 $741,316.75 $2,075.52 $0.00 $4,191.51 $747,583.78
198 $747,583.78 $2,075.52 $0.00 $4,226.95 $753,886.25
199 $753,886.25 $2,075.52 $0.00 $4,262.58 $760,224.35
200 $760,224.35 $2,075.52 $0.00 $4,298.42 $766,598.29
201 $766,598.29 $2,075.52 $0.00 $4,334.46 $773,008.27
202 $773,008.27 $2,075.52 $0.00 $4,370.70 $779,454.49
203 $779,454.49 $2,075.52 $0.00 $4,407.15 $785,937.16
204 $785,937.16 $2,075.52 $0.00 $4,443.80 $792,456.48
205 $792,456.48 $2,075.52 $0.00 $4,480.66 $799,012.66
206 $799,012.66 $2,075.52 $0.00 $4,517.73 $805,605.91
207 $805,605.91 $2,075.52 $0.00 $4,555.01 $812,236.44
208 $812,236.44 $2,075.52 $0.00 $4,592.50 $818,904.46
209 $818,904.46 $2,075.52 $0.00 $4,630.20 $825,610.18
210 $825,610.18 $2,075.52 $0.00 $4,668.12 $832,353.82
211 $832,353.82 $2,075.52 $0.00 $4,706.25 $839,135.59
212 $839,135.59 $2,075.52 $0.00 $4,744.59 $845,955.70
213 $845,955.70 $2,075.52 $0.00 $4,783.16 $852,814.38
214 $852,814.38 $2,075.52 $0.00 $4,821.94 $859,711.84
215 $859,711.84 $2,075.52 $0.00 $4,860.94 $866,648.30
216 $866,648.30 $2,075.52 $0.00 $4,900.16 $873,623.98
217 $873,623.98 $2,075.52 $236,595.26 $4,939.60 $644,043.84
218 $644,043.84 $2,075.52 $0.00 $3,641.52 $649,760.88
219 $649,760.88 $2,075.52 $0.00 $3,673.84 $655,510.24
220 $655,510.24 $2,075.52 $0.00 $3,706.35 $661,292.11
221 $661,292.11 $2,075.52 $0.00 $3,739.04 $667,106.67
222 $667,106.67 $2,075.52 $0.00 $3,771.92 $672,954.11
223 $672,954.11 $2,075.52 $0.00 $3,804.98 $678,834.61
224 $678,834.61 $2,075.52 $0.00 $3,838.23 $684,748.36
225 $684,748.36 $2,075.52 $0.00 $3,871.67 $690,695.55
226 $690,695.55 $2,075.52 $0.00 $3,905.29 $696,676.36
227 $696,676.36 $2,075.52 $0.00 $3,939.11 $702,690.99
228 $702,690.99 $2,075.52 $0.00 $3,973.12 $708,739.63
229 $708,739.63 $2,075.52 $253,156.93 $4,007.32 $461,665.54
230 $461,665.54 $2,075.52 $0.00 $2,610.32 $466,351.38
231 $466,351.38 $2,075.52 $0.00 $2,636.82 $471,063.72
232 $471,063.72 $2,075.52 $0.00 $2,663.46 $475,802.70
233 $475,802.70 $2,075.52 $0.00 $2,690.26 $480,568.48
234 $480,568.48 $2,075.52 $0.00 $2,717.20 $485,361.20
235 $485,361.20 $2,075.52 $0.00 $2,744.30 $490,181.02
236 $490,181.02 $2,075.52 $0.00 $2,771.55 $495,028.09
237 $495,028.09 $2,075.52 $0.00 $2,798.96 $499,902.57
238 $499,902.57 $2,075.52 $0.00 $2,826.52 $504,804.61
239 $504,804.61 $2,075.52 $0.00 $2,854.24 $509,734.37
240 $509,734.37 $2,075.52 $0.00 $2,882.11 $514,692.00
241 $514,692.00 $2,075.52 $270,877.91 $2,910.14 $248,799.75
242 $248,799.75 $2,075.52 $0.00 $1,406.75 $252,282.02
243 $252,282.02 $2,075.52 $0.00 $1,426.44 $255,783.98
244 $255,783.98 $2,075.52 $0.00 $1,446.24 $259,305.74
245 $259,305.74 $2,075.52 $0.00 $1,466.15 $262,847.41
246 $262,847.41 $2,075.52 $0.00 $1,486.18 $266,409.11
247 $266,409.11 $2,075.52 $0.00 $1,506.32 $269,990.95
248 $269,990.95 $2,075.52 $0.00 $1,526.57 $273,593.04
249 $273,593.04 $2,075.52 $0.00 $1,546.93 $277,215.49
250 $277,215.49 $2,075.52 $0.00 $1,567.42 $280,858.43
251 $280,858.43 $2,075.52 $0.00 $1,588.01 $284,521.96
252 $284,521.96 $2,075.52 $0.00 $1,608.73 $288,206.21
253 $288,206.21 $0.00 $289,839.37 $1,629.56 -$3.60