Savings Plan and Future Cost Estimation for Boston University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$310,489
Monthly savings required$2,454

How much will it cost to send your child to Boston University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $1,241,955.04 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $2,453.87 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$82,760.00
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 $2,453.87 $0.00 $0.00 $2,453.87
2 $2,453.87 $2,453.87 $0.00 $13.87 $4,921.61
3 $4,921.61 $2,453.87 $0.00 $27.83 $7,403.31
4 $7,403.31 $2,453.87 $0.00 $41.86 $9,899.04
5 $9,899.04 $2,453.87 $0.00 $55.97 $12,408.88
6 $12,408.88 $2,453.87 $0.00 $70.16 $14,932.91
7 $14,932.91 $2,453.87 $0.00 $84.43 $17,471.21
8 $17,471.21 $2,453.87 $0.00 $98.78 $20,023.86
9 $20,023.86 $2,453.87 $0.00 $113.22 $22,590.95
10 $22,590.95 $2,453.87 $0.00 $127.73 $25,172.55
11 $25,172.55 $2,453.87 $0.00 $142.33 $27,768.75
12 $27,768.75 $2,453.87 $0.00 $157.01 $30,379.63
13 $30,379.63 $2,453.87 $0.00 $171.77 $33,005.27
14 $33,005.27 $2,453.87 $0.00 $186.62 $35,645.76
15 $35,645.76 $2,453.87 $0.00 $201.55 $38,301.18
16 $38,301.18 $2,453.87 $0.00 $216.56 $40,971.61
17 $40,971.61 $2,453.87 $0.00 $231.66 $43,657.14
18 $43,657.14 $2,453.87 $0.00 $246.84 $46,357.85
19 $46,357.85 $2,453.87 $0.00 $262.11 $49,073.83
20 $49,073.83 $2,453.87 $0.00 $277.47 $51,805.17
21 $51,805.17 $2,453.87 $0.00 $292.91 $54,551.95
22 $54,551.95 $2,453.87 $0.00 $308.44 $57,314.26
23 $57,314.26 $2,453.87 $0.00 $324.06 $60,092.19
24 $60,092.19 $2,453.87 $0.00 $339.77 $62,885.83
25 $62,885.83 $2,453.87 $0.00 $355.57 $65,695.27
26 $65,695.27 $2,453.87 $0.00 $371.45 $68,520.59
27 $68,520.59 $2,453.87 $0.00 $387.43 $71,361.89
28 $71,361.89 $2,453.87 $0.00 $403.49 $74,219.25
29 $74,219.25 $2,453.87 $0.00 $419.65 $77,092.77
30 $77,092.77 $2,453.87 $0.00 $435.89 $79,982.53
31 $79,982.53 $2,453.87 $0.00 $452.23 $82,888.63
32 $82,888.63 $2,453.87 $0.00 $468.66 $85,811.16
33 $85,811.16 $2,453.87 $0.00 $485.19 $88,750.22
34 $88,750.22 $2,453.87 $0.00 $501.81 $91,705.90
35 $91,705.90 $2,453.87 $0.00 $518.52 $94,678.29
36 $94,678.29 $2,453.87 $0.00 $535.32 $97,667.48
37 $97,667.48 $2,453.87 $0.00 $552.23 $100,673.58
38 $100,673.58 $2,453.87 $0.00 $569.22 $103,696.67
39 $103,696.67 $2,453.87 $0.00 $586.32 $106,736.86
40 $106,736.86 $2,453.87 $0.00 $603.51 $109,794.24
41 $109,794.24 $2,453.87 $0.00 $620.79 $112,868.90
42 $112,868.90 $2,453.87 $0.00 $638.18 $115,960.95
43 $115,960.95 $2,453.87 $0.00 $655.66 $119,070.48
44 $119,070.48 $2,453.87 $0.00 $673.24 $122,197.59
45 $122,197.59 $2,453.87 $0.00 $690.92 $125,342.38
46 $125,342.38 $2,453.87 $0.00 $708.70 $128,504.95
47 $128,504.95 $2,453.87 $0.00 $726.59 $131,685.41
48 $131,685.41 $2,453.87 $0.00 $744.57 $134,883.85
49 $134,883.85 $2,453.87 $0.00 $762.65 $138,100.37
50 $138,100.37 $2,453.87 $0.00 $780.84 $141,335.08
51 $141,335.08 $2,453.87 $0.00 $799.13 $144,588.08
52 $144,588.08 $2,453.87 $0.00 $817.52 $147,859.47
53 $147,859.47 $2,453.87 $0.00 $836.02 $151,149.36
54 $151,149.36 $2,453.87 $0.00 $854.62 $154,457.85
55 $154,457.85 $2,453.87 $0.00 $873.33 $157,785.05
56 $157,785.05 $2,453.87 $0.00 $892.14 $161,131.06
57 $161,131.06 $2,453.87 $0.00 $911.06 $164,495.99
58 $164,495.99 $2,453.87 $0.00 $930.08 $167,879.94
59 $167,879.94 $2,453.87 $0.00 $949.22 $171,283.03
60 $171,283.03 $2,453.87 $0.00 $968.46 $174,705.36
61 $174,705.36 $2,453.87 $0.00 $987.81 $178,147.04
62 $178,147.04 $2,453.87 $0.00 $1,007.27 $181,608.18
63 $181,608.18 $2,453.87 $0.00 $1,026.84 $185,088.89
64 $185,088.89 $2,453.87 $0.00 $1,046.52 $188,589.28
65 $188,589.28 $2,453.87 $0.00 $1,066.31 $192,109.46
66 $192,109.46 $2,453.87 $0.00 $1,086.21 $195,649.54
67 $195,649.54 $2,453.87 $0.00 $1,106.23 $199,209.64
68 $199,209.64 $2,453.87 $0.00 $1,126.36 $202,789.87
69 $202,789.87 $2,453.87 $0.00 $1,146.60 $206,390.34
70 $206,390.34 $2,453.87 $0.00 $1,166.96 $210,011.17
71 $210,011.17 $2,453.87 $0.00 $1,187.43 $213,652.47
72 $213,652.47 $2,453.87 $0.00 $1,208.02 $217,314.36
73 $217,314.36 $2,453.87 $0.00 $1,228.73 $220,996.96
74 $220,996.96 $2,453.87 $0.00 $1,249.55 $224,700.38
75 $224,700.38 $2,453.87 $0.00 $1,270.49 $228,424.74
76 $228,424.74 $2,453.87 $0.00 $1,291.55 $232,170.16
77 $232,170.16 $2,453.87 $0.00 $1,312.72 $235,936.75
78 $235,936.75 $2,453.87 $0.00 $1,334.02 $239,724.64
79 $239,724.64 $2,453.87 $0.00 $1,355.44 $243,533.95
80 $243,533.95 $2,453.87 $0.00 $1,376.98 $247,364.80
81 $247,364.80 $2,453.87 $0.00 $1,398.64 $251,217.31
82 $251,217.31 $2,453.87 $0.00 $1,420.42 $255,091.60
83 $255,091.60 $2,453.87 $0.00 $1,442.32 $258,987.79
84 $258,987.79 $2,453.87 $0.00 $1,464.35 $262,906.01
85 $262,906.01 $2,453.87 $0.00 $1,486.51 $266,846.39
86 $266,846.39 $2,453.87 $0.00 $1,508.79 $270,809.05
87 $270,809.05 $2,453.87 $0.00 $1,531.19 $274,794.11
88 $274,794.11 $2,453.87 $0.00 $1,553.73 $278,801.71
89 $278,801.71 $2,453.87 $0.00 $1,576.39 $282,831.97
90 $282,831.97 $2,453.87 $0.00 $1,599.17 $286,885.01
91 $286,885.01 $2,453.87 $0.00 $1,622.09 $290,960.97
92 $290,960.97 $2,453.87 $0.00 $1,645.14 $295,059.98
93 $295,059.98 $2,453.87 $0.00 $1,668.31 $299,182.16
94 $299,182.16 $2,453.87 $0.00 $1,691.62 $303,327.65
95 $303,327.65 $2,453.87 $0.00 $1,715.06 $307,496.58
96 $307,496.58 $2,453.87 $0.00 $1,738.63 $311,689.08
97 $311,689.08 $2,453.87 $0.00 $1,762.34 $315,905.29
98 $315,905.29 $2,453.87 $0.00 $1,786.17 $320,145.33
99 $320,145.33 $2,453.87 $0.00 $1,810.15 $324,409.35
100 $324,409.35 $2,453.87 $0.00 $1,834.26 $328,697.48
101 $328,697.48 $2,453.87 $0.00 $1,858.50 $333,009.85
102 $333,009.85 $2,453.87 $0.00 $1,882.89 $337,346.61
103 $337,346.61 $2,453.87 $0.00 $1,907.41 $341,707.89
104 $341,707.89 $2,453.87 $0.00 $1,932.07 $346,093.83
105 $346,093.83 $2,453.87 $0.00 $1,956.86 $350,504.56
106 $350,504.56 $2,453.87 $0.00 $1,981.80 $354,940.23
107 $354,940.23 $2,453.87 $0.00 $2,006.88 $359,400.98
108 $359,400.98 $2,453.87 $0.00 $2,032.11 $363,886.96
109 $363,886.96 $2,453.87 $0.00 $2,057.47 $368,398.30
110 $368,398.30 $2,453.87 $0.00 $2,082.98 $372,935.15
111 $372,935.15 $2,453.87 $0.00 $2,108.63 $377,497.65
112 $377,497.65 $2,453.87 $0.00 $2,134.43 $382,085.95
113 $382,085.95 $2,453.87 $0.00 $2,160.37 $386,700.19
114 $386,700.19 $2,453.87 $0.00 $2,186.46 $391,340.52
115 $391,340.52 $2,453.87 $0.00 $2,212.70 $396,007.09
116 $396,007.09 $2,453.87 $0.00 $2,239.08 $400,700.04
117 $400,700.04 $2,453.87 $0.00 $2,265.62 $405,419.53
118 $405,419.53 $2,453.87 $0.00 $2,292.30 $410,165.70
119 $410,165.70 $2,453.87 $0.00 $2,319.14 $414,938.71
120 $414,938.71 $2,453.87 $0.00 $2,346.12 $419,738.70
121 $419,738.70 $2,453.87 $0.00 $2,373.26 $424,565.83
122 $424,565.83 $2,453.87 $0.00 $2,400.56 $429,420.26
123 $429,420.26 $2,453.87 $0.00 $2,428.00 $434,302.13
124 $434,302.13 $2,453.87 $0.00 $2,455.61 $439,211.61
125 $439,211.61 $2,453.87 $0.00 $2,483.37 $444,148.85
126 $444,148.85 $2,453.87 $0.00 $2,511.28 $449,114.00
127 $449,114.00 $2,453.87 $0.00 $2,539.36 $454,107.23
128 $454,107.23 $2,453.87 $0.00 $2,567.59 $459,128.69
129 $459,128.69 $2,453.87 $0.00 $2,595.98 $464,178.54
130 $464,178.54 $2,453.87 $0.00 $2,624.53 $469,256.94
131 $469,256.94 $2,453.87 $0.00 $2,653.25 $474,364.06
132 $474,364.06 $2,453.87 $0.00 $2,682.12 $479,500.05
133 $479,500.05 $2,453.87 $0.00 $2,711.16 $484,665.08
134 $484,665.08 $2,453.87 $0.00 $2,740.37 $489,859.32
135 $489,859.32 $2,453.87 $0.00 $2,769.74 $495,082.93
136 $495,082.93 $2,453.87 $0.00 $2,799.27 $500,336.07
137 $500,336.07 $2,453.87 $0.00 $2,828.97 $505,618.91
138 $505,618.91 $2,453.87 $0.00 $2,858.84 $510,931.62
139 $510,931.62 $2,453.87 $0.00 $2,888.88 $516,274.37
140 $516,274.37 $2,453.87 $0.00 $2,919.09 $521,647.33
141 $521,647.33 $2,453.87 $0.00 $2,949.47 $527,050.67
142 $527,050.67 $2,453.87 $0.00 $2,980.02 $532,484.56
143 $532,484.56 $2,453.87 $0.00 $3,010.75 $537,949.18
144 $537,949.18 $2,453.87 $0.00 $3,041.64 $543,444.69
145 $543,444.69 $2,453.87 $0.00 $3,072.72 $548,971.28
146 $548,971.28 $2,453.87 $0.00 $3,103.96 $554,529.11
147 $554,529.11 $2,453.87 $0.00 $3,135.39 $560,118.37
148 $560,118.37 $2,453.87 $0.00 $3,166.99 $565,739.23
149 $565,739.23 $2,453.87 $0.00 $3,198.77 $571,391.87
150 $571,391.87 $2,453.87 $0.00 $3,230.73 $577,076.47
151 $577,076.47 $2,453.87 $0.00 $3,262.87 $582,793.21
152 $582,793.21 $2,453.87 $0.00 $3,295.20 $588,542.28
153 $588,542.28 $2,453.87 $0.00 $3,327.70 $594,323.85
154 $594,323.85 $2,453.87 $0.00 $3,360.39 $600,138.11
155 $600,138.11 $2,453.87 $0.00 $3,393.27 $605,985.25
156 $605,985.25 $2,453.87 $0.00 $3,426.33 $611,865.45
157 $611,865.45 $2,453.87 $0.00 $3,459.58 $617,778.90
158 $617,778.90 $2,453.87 $0.00 $3,493.01 $623,725.78
159 $623,725.78 $2,453.87 $0.00 $3,526.64 $629,706.29
160 $629,706.29 $2,453.87 $0.00 $3,560.45 $635,720.61
161 $635,720.61 $2,453.87 $0.00 $3,594.46 $641,768.94
162 $641,768.94 $2,453.87 $0.00 $3,628.65 $647,851.46
163 $647,851.46 $2,453.87 $0.00 $3,663.05 $653,968.38
164 $653,968.38 $2,453.87 $0.00 $3,697.63 $660,119.88
165 $660,119.88 $2,453.87 $0.00 $3,732.41 $666,306.16
166 $666,306.16 $2,453.87 $0.00 $3,767.39 $672,527.42
167 $672,527.42 $2,453.87 $0.00 $3,802.57 $678,783.86
168 $678,783.86 $2,453.87 $0.00 $3,837.94 $685,075.67
169 $685,075.67 $2,453.87 $0.00 $3,873.52 $691,403.06
170 $691,403.06 $2,453.87 $0.00 $3,909.29 $697,766.22
171 $697,766.22 $2,453.87 $0.00 $3,945.27 $704,165.36
172 $704,165.36 $2,453.87 $0.00 $3,981.45 $710,600.68
173 $710,600.68 $2,453.87 $0.00 $4,017.84 $717,072.39
174 $717,072.39 $2,453.87 $0.00 $4,054.43 $723,580.69
175 $723,580.69 $2,453.87 $0.00 $4,091.23 $730,125.79
176 $730,125.79 $2,453.87 $0.00 $4,128.24 $736,707.90
177 $736,707.90 $2,453.87 $0.00 $4,165.45 $743,327.22
178 $743,327.22 $2,453.87 $0.00 $4,202.88 $749,983.97
179 $749,983.97 $2,453.87 $0.00 $4,240.52 $756,678.36
180 $756,678.36 $2,453.87 $0.00 $4,278.37 $763,410.60
181 $763,410.60 $2,453.87 $0.00 $4,316.43 $770,180.90
182 $770,180.90 $2,453.87 $0.00 $4,354.71 $776,989.48
183 $776,989.48 $2,453.87 $0.00 $4,393.21 $783,836.56
184 $783,836.56 $2,453.87 $0.00 $4,431.93 $790,722.36
185 $790,722.36 $2,453.87 $0.00 $4,470.86 $797,647.09
186 $797,647.09 $2,453.87 $0.00 $4,510.01 $804,610.97
187 $804,610.97 $2,453.87 $0.00 $4,549.39 $811,614.23
188 $811,614.23 $2,453.87 $0.00 $4,588.98 $818,657.08
189 $818,657.08 $2,453.87 $0.00 $4,628.81 $825,739.76
190 $825,739.76 $2,453.87 $0.00 $4,668.85 $832,862.48
191 $832,862.48 $2,453.87 $0.00 $4,709.13 $840,025.48
192 $840,025.48 $2,453.87 $0.00 $4,749.63 $847,228.98
193 $847,228.98 $2,453.87 $0.00 $4,790.36 $854,473.21
194 $854,473.21 $2,453.87 $0.00 $4,831.32 $861,758.40
195 $861,758.40 $2,453.87 $0.00 $4,872.51 $869,084.78
196 $869,084.78 $2,453.87 $0.00 $4,913.93 $876,452.58
197 $876,452.58 $2,453.87 $0.00 $4,955.59 $883,862.04
198 $883,862.04 $2,453.87 $0.00 $4,997.48 $891,313.39
199 $891,313.39 $2,453.87 $0.00 $5,039.62 $898,806.88
200 $898,806.88 $2,453.87 $0.00 $5,081.98 $906,342.73
201 $906,342.73 $2,453.87 $0.00 $5,124.59 $913,921.19
202 $913,921.19 $2,453.87 $0.00 $5,167.44 $921,542.50
203 $921,542.50 $2,453.87 $0.00 $5,210.54 $929,206.91
204 $929,206.91 $2,453.87 $0.00 $5,253.87 $936,914.65
205 $936,914.65 $2,453.87 $0.00 $5,297.45 $944,665.97
206 $944,665.97 $2,453.87 $0.00 $5,341.28 $952,461.12
207 $952,461.12 $2,453.87 $0.00 $5,385.35 $960,300.34
208 $960,300.34 $2,453.87 $0.00 $5,429.68 $968,183.89
209 $968,183.89 $2,453.87 $0.00 $5,474.25 $976,112.01
210 $976,112.01 $2,453.87 $0.00 $5,519.08 $984,084.96
211 $984,084.96 $2,453.87 $0.00 $5,564.16 $992,102.99
212 $992,102.99 $2,453.87 $0.00 $5,609.49 $1,000,166.35
213 $1,000,166.35 $2,453.87 $0.00 $5,655.09 $1,008,275.31
214 $1,008,275.31 $2,453.87 $0.00 $5,700.94 $1,016,430.12
215 $1,016,430.12 $2,453.87 $0.00 $5,747.04 $1,024,631.03
216 $1,024,631.03 $2,453.87 $0.00 $5,793.41 $1,032,878.31
217 $1,032,878.31 $2,453.87 $279,723.20 $5,840.04 $761,449.02
218 $761,449.02 $2,453.87 $0.00 $4,305.34 $768,208.23
219 $768,208.23 $2,453.87 $0.00 $4,343.56 $775,005.66
220 $775,005.66 $2,453.87 $0.00 $4,381.99 $781,841.52
221 $781,841.52 $2,453.87 $0.00 $4,420.65 $788,716.04
222 $788,716.04 $2,453.87 $0.00 $4,459.52 $795,629.43
223 $795,629.43 $2,453.87 $0.00 $4,498.60 $802,581.90
224 $802,581.90 $2,453.87 $0.00 $4,537.91 $809,573.68
225 $809,573.68 $2,453.87 $0.00 $4,577.45 $816,605.00
226 $816,605.00 $2,453.87 $0.00 $4,617.20 $823,676.07
227 $823,676.07 $2,453.87 $0.00 $4,657.18 $830,787.12
228 $830,787.12 $2,453.87 $0.00 $4,697.39 $837,938.38
229 $837,938.38 $2,453.87 $299,303.82 $4,737.83 $545,826.26
230 $545,826.26 $2,453.87 $0.00 $3,086.18 $551,366.31
231 $551,366.31 $2,453.87 $0.00 $3,117.51 $556,937.69
232 $556,937.69 $2,453.87 $0.00 $3,149.01 $562,540.57
233 $562,540.57 $2,453.87 $0.00 $3,180.69 $568,175.13
234 $568,175.13 $2,453.87 $0.00 $3,212.54 $573,841.54
235 $573,841.54 $2,453.87 $0.00 $3,244.58 $579,539.99
236 $579,539.99 $2,453.87 $0.00 $3,276.80 $585,270.66
237 $585,270.66 $2,453.87 $0.00 $3,309.21 $591,033.74
238 $591,033.74 $2,453.87 $0.00 $3,341.79 $596,829.40
239 $596,829.40 $2,453.87 $0.00 $3,374.56 $602,657.83
240 $602,657.83 $2,453.87 $0.00 $3,407.51 $608,519.21
241 $608,519.21 $2,453.87 $320,255.09 $3,440.66 $294,158.65
242 $294,158.65 $2,453.87 $0.00 $1,663.22 $298,275.74
243 $298,275.74 $2,453.87 $0.00 $1,686.49 $302,416.10
244 $302,416.10 $2,453.87 $0.00 $1,709.90 $306,579.87
245 $306,579.87 $2,453.87 $0.00 $1,733.45 $310,767.19
246 $310,767.19 $2,453.87 $0.00 $1,757.12 $314,978.18
247 $314,978.18 $2,453.87 $0.00 $1,780.93 $319,212.98
248 $319,212.98 $2,453.87 $0.00 $1,804.88 $323,471.73
249 $323,471.73 $2,453.87 $0.00 $1,828.96 $327,754.56
250 $327,754.56 $2,453.87 $0.00 $1,853.17 $332,061.60
251 $332,061.60 $2,453.87 $0.00 $1,877.52 $336,392.99
252 $336,392.99 $2,453.87 $0.00 $1,902.01 $340,748.87
253 $340,748.87 $0.00 $342,672.94 $1,926.64 $2.57