Savings Plan and Future Cost Estimation for Alma College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$230,916
Monthly savings required$1,825

How much will it cost to send your child to Alma College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $923,662.79 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,824.98 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$61,550.00
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 $1,824.98 $0.00 $0.00 $1,824.98
2 $1,824.98 $1,824.98 $0.00 $10.32 $3,660.28
3 $3,660.28 $1,824.98 $0.00 $20.70 $5,505.96
4 $5,505.96 $1,824.98 $0.00 $31.13 $7,362.07
5 $7,362.07 $1,824.98 $0.00 $41.63 $9,228.68
6 $9,228.68 $1,824.98 $0.00 $52.18 $11,105.84
7 $11,105.84 $1,824.98 $0.00 $62.79 $12,993.61
8 $12,993.61 $1,824.98 $0.00 $73.47 $14,892.06
9 $14,892.06 $1,824.98 $0.00 $84.20 $16,801.24
10 $16,801.24 $1,824.98 $0.00 $95.00 $18,721.22
11 $18,721.22 $1,824.98 $0.00 $105.85 $20,652.05
12 $20,652.05 $1,824.98 $0.00 $116.77 $22,593.80
13 $22,593.80 $1,824.98 $0.00 $127.75 $24,546.53
14 $24,546.53 $1,824.98 $0.00 $138.79 $26,510.30
15 $26,510.30 $1,824.98 $0.00 $149.89 $28,485.17
16 $28,485.17 $1,824.98 $0.00 $161.06 $30,471.21
17 $30,471.21 $1,824.98 $0.00 $172.29 $32,468.48
18 $32,468.48 $1,824.98 $0.00 $183.58 $34,477.04
19 $34,477.04 $1,824.98 $0.00 $194.94 $36,496.96
20 $36,496.96 $1,824.98 $0.00 $206.36 $38,528.30
21 $38,528.30 $1,824.98 $0.00 $217.84 $40,571.12
22 $40,571.12 $1,824.98 $0.00 $229.40 $42,625.50
23 $42,625.50 $1,824.98 $0.00 $241.01 $44,691.49
24 $44,691.49 $1,824.98 $0.00 $252.69 $46,769.16
25 $46,769.16 $1,824.98 $0.00 $264.44 $48,858.58
26 $48,858.58 $1,824.98 $0.00 $276.25 $50,959.81
27 $50,959.81 $1,824.98 $0.00 $288.13 $53,072.92
28 $53,072.92 $1,824.98 $0.00 $300.08 $55,197.98
29 $55,197.98 $1,824.98 $0.00 $312.10 $57,335.06
30 $57,335.06 $1,824.98 $0.00 $324.18 $59,484.22
31 $59,484.22 $1,824.98 $0.00 $336.33 $61,645.53
32 $61,645.53 $1,824.98 $0.00 $348.55 $63,819.06
33 $63,819.06 $1,824.98 $0.00 $360.84 $66,004.88
34 $66,004.88 $1,824.98 $0.00 $373.20 $68,203.06
35 $68,203.06 $1,824.98 $0.00 $385.63 $70,413.67
36 $70,413.67 $1,824.98 $0.00 $398.13 $72,636.78
37 $72,636.78 $1,824.98 $0.00 $410.70 $74,872.46
38 $74,872.46 $1,824.98 $0.00 $423.34 $77,120.78
39 $77,120.78 $1,824.98 $0.00 $436.05 $79,381.81
40 $79,381.81 $1,824.98 $0.00 $448.84 $81,655.63
41 $81,655.63 $1,824.98 $0.00 $461.69 $83,942.30
42 $83,942.30 $1,824.98 $0.00 $474.62 $86,241.90
43 $86,241.90 $1,824.98 $0.00 $487.62 $88,554.50
44 $88,554.50 $1,824.98 $0.00 $500.70 $90,880.18
45 $90,880.18 $1,824.98 $0.00 $513.85 $93,219.01
46 $93,219.01 $1,824.98 $0.00 $527.07 $95,571.06
47 $95,571.06 $1,824.98 $0.00 $540.37 $97,936.41
48 $97,936.41 $1,824.98 $0.00 $553.75 $100,315.14
49 $100,315.14 $1,824.98 $0.00 $567.20 $102,707.32
50 $102,707.32 $1,824.98 $0.00 $580.72 $105,113.02
51 $105,113.02 $1,824.98 $0.00 $594.32 $107,532.32
52 $107,532.32 $1,824.98 $0.00 $608.00 $109,965.30
53 $109,965.30 $1,824.98 $0.00 $621.76 $112,412.04
54 $112,412.04 $1,824.98 $0.00 $635.59 $114,872.61
55 $114,872.61 $1,824.98 $0.00 $649.51 $117,347.10
56 $117,347.10 $1,824.98 $0.00 $663.50 $119,835.58
57 $119,835.58 $1,824.98 $0.00 $677.57 $122,338.13
58 $122,338.13 $1,824.98 $0.00 $691.72 $124,854.83
59 $124,854.83 $1,824.98 $0.00 $705.95 $127,385.76
60 $127,385.76 $1,824.98 $0.00 $720.26 $129,931.00
61 $129,931.00 $1,824.98 $0.00 $734.65 $132,490.63
62 $132,490.63 $1,824.98 $0.00 $749.12 $135,064.73
63 $135,064.73 $1,824.98 $0.00 $763.68 $137,653.39
64 $137,653.39 $1,824.98 $0.00 $778.31 $140,256.68
65 $140,256.68 $1,824.98 $0.00 $793.03 $142,874.69
66 $142,874.69 $1,824.98 $0.00 $807.83 $145,507.50
67 $145,507.50 $1,824.98 $0.00 $822.72 $148,155.20
68 $148,155.20 $1,824.98 $0.00 $837.69 $150,817.87
69 $150,817.87 $1,824.98 $0.00 $852.75 $153,495.60
70 $153,495.60 $1,824.98 $0.00 $867.89 $156,188.47
71 $156,188.47 $1,824.98 $0.00 $883.11 $158,896.56
72 $158,896.56 $1,824.98 $0.00 $898.42 $161,619.96
73 $161,619.96 $1,824.98 $0.00 $913.82 $164,358.76
74 $164,358.76 $1,824.98 $0.00 $929.31 $167,113.05
75 $167,113.05 $1,824.98 $0.00 $944.88 $169,882.91
76 $169,882.91 $1,824.98 $0.00 $960.54 $172,668.43
77 $172,668.43 $1,824.98 $0.00 $976.29 $175,469.70
78 $175,469.70 $1,824.98 $0.00 $992.13 $178,286.81
79 $178,286.81 $1,824.98 $0.00 $1,008.06 $181,119.85
80 $181,119.85 $1,824.98 $0.00 $1,024.08 $183,968.91
81 $183,968.91 $1,824.98 $0.00 $1,040.19 $186,834.08
82 $186,834.08 $1,824.98 $0.00 $1,056.39 $189,715.45
83 $189,715.45 $1,824.98 $0.00 $1,072.68 $192,613.11
84 $192,613.11 $1,824.98 $0.00 $1,089.06 $195,527.15
85 $195,527.15 $1,824.98 $0.00 $1,105.54 $198,457.67
86 $198,457.67 $1,824.98 $0.00 $1,122.11 $201,404.76
87 $201,404.76 $1,824.98 $0.00 $1,138.77 $204,368.51
88 $204,368.51 $1,824.98 $0.00 $1,155.53 $207,349.02
89 $207,349.02 $1,824.98 $0.00 $1,172.38 $210,346.38
90 $210,346.38 $1,824.98 $0.00 $1,189.33 $213,360.69
91 $213,360.69 $1,824.98 $0.00 $1,206.37 $216,392.04
92 $216,392.04 $1,824.98 $0.00 $1,223.51 $219,440.53
93 $219,440.53 $1,824.98 $0.00 $1,240.75 $222,506.26
94 $222,506.26 $1,824.98 $0.00 $1,258.08 $225,589.32
95 $225,589.32 $1,824.98 $0.00 $1,275.51 $228,689.81
96 $228,689.81 $1,824.98 $0.00 $1,293.05 $231,807.84
97 $231,807.84 $1,824.98 $0.00 $1,310.68 $234,943.50
98 $234,943.50 $1,824.98 $0.00 $1,328.40 $238,096.88
99 $238,096.88 $1,824.98 $0.00 $1,346.23 $241,268.09
100 $241,268.09 $1,824.98 $0.00 $1,364.16 $244,457.23
101 $244,457.23 $1,824.98 $0.00 $1,382.20 $247,664.41
102 $247,664.41 $1,824.98 $0.00 $1,400.33 $250,889.72
103 $250,889.72 $1,824.98 $0.00 $1,418.57 $254,133.27
104 $254,133.27 $1,824.98 $0.00 $1,436.91 $257,395.16
105 $257,395.16 $1,824.98 $0.00 $1,455.35 $260,675.49
106 $260,675.49 $1,824.98 $0.00 $1,473.90 $263,974.37
107 $263,974.37 $1,824.98 $0.00 $1,492.55 $267,291.90
108 $267,291.90 $1,824.98 $0.00 $1,511.31 $270,628.19
109 $270,628.19 $1,824.98 $0.00 $1,530.17 $273,983.34
110 $273,983.34 $1,824.98 $0.00 $1,549.14 $277,357.46
111 $277,357.46 $1,824.98 $0.00 $1,568.22 $280,750.66
112 $280,750.66 $1,824.98 $0.00 $1,587.41 $284,163.05
113 $284,163.05 $1,824.98 $0.00 $1,606.70 $287,594.73
114 $287,594.73 $1,824.98 $0.00 $1,626.10 $291,045.81
115 $291,045.81 $1,824.98 $0.00 $1,645.62 $294,516.41
116 $294,516.41 $1,824.98 $0.00 $1,665.24 $298,006.63
117 $298,006.63 $1,824.98 $0.00 $1,684.97 $301,516.58
118 $301,516.58 $1,824.98 $0.00 $1,704.82 $305,046.38
119 $305,046.38 $1,824.98 $0.00 $1,724.78 $308,596.14
120 $308,596.14 $1,824.98 $0.00 $1,744.85 $312,165.97
121 $312,165.97 $1,824.98 $0.00 $1,765.03 $315,755.98
122 $315,755.98 $1,824.98 $0.00 $1,785.33 $319,366.29
123 $319,366.29 $1,824.98 $0.00 $1,805.74 $322,997.01
124 $322,997.01 $1,824.98 $0.00 $1,826.27 $326,648.26
125 $326,648.26 $1,824.98 $0.00 $1,846.92 $330,320.16
126 $330,320.16 $1,824.98 $0.00 $1,867.68 $334,012.82
127 $334,012.82 $1,824.98 $0.00 $1,888.56 $337,726.36
128 $337,726.36 $1,824.98 $0.00 $1,909.55 $341,460.89
129 $341,460.89 $1,824.98 $0.00 $1,930.67 $345,216.54
130 $345,216.54 $1,824.98 $0.00 $1,951.90 $348,993.42
131 $348,993.42 $1,824.98 $0.00 $1,973.26 $352,791.66
132 $352,791.66 $1,824.98 $0.00 $1,994.74 $356,611.38
133 $356,611.38 $1,824.98 $0.00 $2,016.33 $360,452.69
134 $360,452.69 $1,824.98 $0.00 $2,038.05 $364,315.72
135 $364,315.72 $1,824.98 $0.00 $2,059.89 $368,200.59
136 $368,200.59 $1,824.98 $0.00 $2,081.86 $372,107.43
137 $372,107.43 $1,824.98 $0.00 $2,103.95 $376,036.36
138 $376,036.36 $1,824.98 $0.00 $2,126.16 $379,987.50
139 $379,987.50 $1,824.98 $0.00 $2,148.50 $383,960.98
140 $383,960.98 $1,824.98 $0.00 $2,170.97 $387,956.93
141 $387,956.93 $1,824.98 $0.00 $2,193.56 $391,975.47
142 $391,975.47 $1,824.98 $0.00 $2,216.29 $396,016.74
143 $396,016.74 $1,824.98 $0.00 $2,239.14 $400,080.86
144 $400,080.86 $1,824.98 $0.00 $2,262.12 $404,167.96
145 $404,167.96 $1,824.98 $0.00 $2,285.22 $408,278.16
146 $408,278.16 $1,824.98 $0.00 $2,308.46 $412,411.60
147 $412,411.60 $1,824.98 $0.00 $2,331.84 $416,568.42
148 $416,568.42 $1,824.98 $0.00 $2,355.34 $420,748.74
149 $420,748.74 $1,824.98 $0.00 $2,378.97 $424,952.69
150 $424,952.69 $1,824.98 $0.00 $2,402.74 $429,180.41
151 $429,180.41 $1,824.98 $0.00 $2,426.65 $433,432.04
152 $433,432.04 $1,824.98 $0.00 $2,450.69 $437,707.71
153 $437,707.71 $1,824.98 $0.00 $2,474.86 $442,007.55
154 $442,007.55 $1,824.98 $0.00 $2,499.17 $446,331.70
155 $446,331.70 $1,824.98 $0.00 $2,523.62 $450,680.30
156 $450,680.30 $1,824.98 $0.00 $2,548.21 $455,053.49
157 $455,053.49 $1,824.98 $0.00 $2,572.94 $459,451.41
158 $459,451.41 $1,824.98 $0.00 $2,597.81 $463,874.20
159 $463,874.20 $1,824.98 $0.00 $2,622.81 $468,321.99
160 $468,321.99 $1,824.98 $0.00 $2,647.96 $472,794.93
161 $472,794.93 $1,824.98 $0.00 $2,673.25 $477,293.16
162 $477,293.16 $1,824.98 $0.00 $2,698.68 $481,816.82
163 $481,816.82 $1,824.98 $0.00 $2,724.26 $486,366.06
164 $486,366.06 $1,824.98 $0.00 $2,749.98 $490,941.02
165 $490,941.02 $1,824.98 $0.00 $2,775.85 $495,541.85
166 $495,541.85 $1,824.98 $0.00 $2,801.87 $500,168.70
167 $500,168.70 $1,824.98 $0.00 $2,828.03 $504,821.71
168 $504,821.71 $1,824.98 $0.00 $2,854.34 $509,501.03
169 $509,501.03 $1,824.98 $0.00 $2,880.79 $514,206.80
170 $514,206.80 $1,824.98 $0.00 $2,907.40 $518,939.18
171 $518,939.18 $1,824.98 $0.00 $2,934.16 $523,698.32
172 $523,698.32 $1,824.98 $0.00 $2,961.07 $528,484.37
173 $528,484.37 $1,824.98 $0.00 $2,988.13 $533,297.48
174 $533,297.48 $1,824.98 $0.00 $3,015.34 $538,137.80
175 $538,137.80 $1,824.98 $0.00 $3,042.71 $543,005.49
176 $543,005.49 $1,824.98 $0.00 $3,070.23 $547,900.70
177 $547,900.70 $1,824.98 $0.00 $3,097.91 $552,823.59
178 $552,823.59 $1,824.98 $0.00 $3,125.74 $557,774.31
179 $557,774.31 $1,824.98 $0.00 $3,153.74 $562,753.03
180 $562,753.03 $1,824.98 $0.00 $3,181.89 $567,759.90
181 $567,759.90 $1,824.98 $0.00 $3,210.20 $572,795.08
182 $572,795.08 $1,824.98 $0.00 $3,238.67 $577,858.73
183 $577,858.73 $1,824.98 $0.00 $3,267.30 $582,951.01
184 $582,951.01 $1,824.98 $0.00 $3,296.09 $588,072.08
185 $588,072.08 $1,824.98 $0.00 $3,325.05 $593,222.11
186 $593,222.11 $1,824.98 $0.00 $3,354.16 $598,401.25
187 $598,401.25 $1,824.98 $0.00 $3,383.45 $603,609.68
188 $603,609.68 $1,824.98 $0.00 $3,412.90 $608,847.56
189 $608,847.56 $1,824.98 $0.00 $3,442.51 $614,115.05
190 $614,115.05 $1,824.98 $0.00 $3,472.30 $619,412.33
191 $619,412.33 $1,824.98 $0.00 $3,502.25 $624,739.56
192 $624,739.56 $1,824.98 $0.00 $3,532.37 $630,096.91
193 $630,096.91 $1,824.98 $0.00 $3,562.66 $635,484.55
194 $635,484.55 $1,824.98 $0.00 $3,593.12 $640,902.65
195 $640,902.65 $1,824.98 $0.00 $3,623.76 $646,351.39
196 $646,351.39 $1,824.98 $0.00 $3,654.56 $651,830.93
197 $651,830.93 $1,824.98 $0.00 $3,685.55 $657,341.46
198 $657,341.46 $1,824.98 $0.00 $3,716.70 $662,883.14
199 $662,883.14 $1,824.98 $0.00 $3,748.04 $668,456.16
200 $668,456.16 $1,824.98 $0.00 $3,779.55 $674,060.69
201 $674,060.69 $1,824.98 $0.00 $3,811.24 $679,696.91
202 $679,696.91 $1,824.98 $0.00 $3,843.11 $685,365.00
203 $685,365.00 $1,824.98 $0.00 $3,875.15 $691,065.13
204 $691,065.13 $1,824.98 $0.00 $3,907.38 $696,797.49
205 $696,797.49 $1,824.98 $0.00 $3,939.79 $702,562.26
206 $702,562.26 $1,824.98 $0.00 $3,972.39 $708,359.63
207 $708,359.63 $1,824.98 $0.00 $4,005.17 $714,189.78
208 $714,189.78 $1,824.98 $0.00 $4,038.13 $720,052.89
209 $720,052.89 $1,824.98 $0.00 $4,071.28 $725,949.15
210 $725,949.15 $1,824.98 $0.00 $4,104.62 $731,878.75
211 $731,878.75 $1,824.98 $0.00 $4,138.15 $737,841.88
212 $737,841.88 $1,824.98 $0.00 $4,171.87 $743,838.73
213 $743,838.73 $1,824.98 $0.00 $4,205.77 $749,869.48
214 $749,869.48 $1,824.98 $0.00 $4,239.87 $755,934.33
215 $755,934.33 $1,824.98 $0.00 $4,274.16 $762,033.47
216 $762,033.47 $1,824.98 $0.00 $4,308.65 $768,167.10
217 $768,167.10 $1,824.98 $208,034.83 $4,343.33 $566,300.58
218 $566,300.58 $1,824.98 $0.00 $3,201.95 $571,327.51
219 $571,327.51 $1,824.98 $0.00 $3,230.37 $576,382.86
220 $576,382.86 $1,824.98 $0.00 $3,258.95 $581,466.79
221 $581,466.79 $1,824.98 $0.00 $3,287.70 $586,579.47
222 $586,579.47 $1,824.98 $0.00 $3,316.61 $591,721.06
223 $591,721.06 $1,824.98 $0.00 $3,345.68 $596,891.72
224 $596,891.72 $1,824.98 $0.00 $3,374.91 $602,091.61
225 $602,091.61 $1,824.98 $0.00 $3,404.31 $607,320.90
226 $607,320.90 $1,824.98 $0.00 $3,433.88 $612,579.76
227 $612,579.76 $1,824.98 $0.00 $3,463.62 $617,868.36
228 $617,868.36 $1,824.98 $0.00 $3,493.52 $623,186.86
229 $623,186.86 $1,824.98 $222,597.27 $3,523.59 $405,938.16
230 $405,938.16 $1,824.98 $0.00 $2,295.23 $410,058.37
231 $410,058.37 $1,824.98 $0.00 $2,318.53 $414,201.88
232 $414,201.88 $1,824.98 $0.00 $2,341.96 $418,368.82
233 $418,368.82 $1,824.98 $0.00 $2,365.52 $422,559.32
234 $422,559.32 $1,824.98 $0.00 $2,389.21 $426,773.51
235 $426,773.51 $1,824.98 $0.00 $2,413.04 $431,011.53
236 $431,011.53 $1,824.98 $0.00 $2,437.00 $435,273.51
237 $435,273.51 $1,824.98 $0.00 $2,461.10 $439,559.59
238 $439,559.59 $1,824.98 $0.00 $2,485.33 $443,869.90
239 $443,869.90 $1,824.98 $0.00 $2,509.70 $448,204.58
240 $448,204.58 $1,824.98 $0.00 $2,534.21 $452,563.77
241 $452,563.77 $1,824.98 $238,179.08 $2,558.86 $218,768.53
242 $218,768.53 $1,824.98 $0.00 $1,236.95 $221,830.46
243 $221,830.46 $1,824.98 $0.00 $1,254.26 $224,909.70
244 $224,909.70 $1,824.98 $0.00 $1,271.67 $228,006.35
245 $228,006.35 $1,824.98 $0.00 $1,289.18 $231,120.51
246 $231,120.51 $1,824.98 $0.00 $1,306.79 $234,252.28
247 $234,252.28 $1,824.98 $0.00 $1,324.50 $237,401.76
248 $237,401.76 $1,824.98 $0.00 $1,342.30 $240,569.04
249 $240,569.04 $1,824.98 $0.00 $1,360.21 $243,754.23
250 $243,754.23 $1,824.98 $0.00 $1,378.22 $246,957.43
251 $246,957.43 $1,824.98 $0.00 $1,396.33 $250,178.74
252 $250,178.74 $1,824.98 $0.00 $1,414.55 $253,418.27
253 $253,418.27 $0.00 $254,851.61 $1,432.86 -$0.48