Savings Plan and Future Cost Estimation for Kettering University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$219,886
Monthly savings required$1,738

How much will it cost to send your child to Kettering University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $879,543.08 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,737.82 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$58,610.00
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 $1,737.82 $0.00 $0.00 $1,737.82
2 $1,737.82 $1,737.82 $0.00 $9.83 $3,485.47
3 $3,485.47 $1,737.82 $0.00 $19.71 $5,243.00
4 $5,243.00 $1,737.82 $0.00 $29.64 $7,010.46
5 $7,010.46 $1,737.82 $0.00 $39.64 $8,787.92
6 $8,787.92 $1,737.82 $0.00 $49.69 $10,575.43
7 $10,575.43 $1,737.82 $0.00 $59.80 $12,373.05
8 $12,373.05 $1,737.82 $0.00 $69.96 $14,180.83
9 $14,180.83 $1,737.82 $0.00 $80.18 $15,998.83
10 $15,998.83 $1,737.82 $0.00 $90.46 $17,827.11
11 $17,827.11 $1,737.82 $0.00 $100.80 $19,665.73
12 $19,665.73 $1,737.82 $0.00 $111.19 $21,514.74
13 $21,514.74 $1,737.82 $0.00 $121.65 $23,374.21
14 $23,374.21 $1,737.82 $0.00 $132.16 $25,244.19
15 $25,244.19 $1,737.82 $0.00 $142.73 $27,124.74
16 $27,124.74 $1,737.82 $0.00 $153.37 $29,015.93
17 $29,015.93 $1,737.82 $0.00 $164.06 $30,917.81
18 $30,917.81 $1,737.82 $0.00 $174.81 $32,830.44
19 $32,830.44 $1,737.82 $0.00 $185.63 $34,753.89
20 $34,753.89 $1,737.82 $0.00 $196.50 $36,688.21
21 $36,688.21 $1,737.82 $0.00 $207.44 $38,633.47
22 $38,633.47 $1,737.82 $0.00 $218.44 $40,589.73
23 $40,589.73 $1,737.82 $0.00 $229.50 $42,557.05
24 $42,557.05 $1,737.82 $0.00 $240.62 $44,535.49
25 $44,535.49 $1,737.82 $0.00 $251.81 $46,525.12
26 $46,525.12 $1,737.82 $0.00 $263.06 $48,526.00
27 $48,526.00 $1,737.82 $0.00 $274.37 $50,538.19
28 $50,538.19 $1,737.82 $0.00 $285.75 $52,561.76
29 $52,561.76 $1,737.82 $0.00 $297.19 $54,596.77
30 $54,596.77 $1,737.82 $0.00 $308.70 $56,643.29
31 $56,643.29 $1,737.82 $0.00 $320.27 $58,701.38
32 $58,701.38 $1,737.82 $0.00 $331.91 $60,771.11
33 $60,771.11 $1,737.82 $0.00 $343.61 $62,852.54
34 $62,852.54 $1,737.82 $0.00 $355.38 $64,945.74
35 $64,945.74 $1,737.82 $0.00 $367.21 $67,050.77
36 $67,050.77 $1,737.82 $0.00 $379.11 $69,167.70
37 $69,167.70 $1,737.82 $0.00 $391.08 $71,296.60
38 $71,296.60 $1,737.82 $0.00 $403.12 $73,437.54
39 $73,437.54 $1,737.82 $0.00 $415.23 $75,590.59
40 $75,590.59 $1,737.82 $0.00 $427.40 $77,755.81
41 $77,755.81 $1,737.82 $0.00 $439.64 $79,933.27
42 $79,933.27 $1,737.82 $0.00 $451.95 $82,123.04
43 $82,123.04 $1,737.82 $0.00 $464.34 $84,325.20
44 $84,325.20 $1,737.82 $0.00 $476.79 $86,539.81
45 $86,539.81 $1,737.82 $0.00 $489.31 $88,766.94
46 $88,766.94 $1,737.82 $0.00 $501.90 $91,006.66
47 $91,006.66 $1,737.82 $0.00 $514.56 $93,259.04
48 $93,259.04 $1,737.82 $0.00 $527.30 $95,524.16
49 $95,524.16 $1,737.82 $0.00 $540.11 $97,802.09
50 $97,802.09 $1,737.82 $0.00 $552.99 $100,092.90
51 $100,092.90 $1,737.82 $0.00 $565.94 $102,396.66
52 $102,396.66 $1,737.82 $0.00 $578.97 $104,713.45
53 $104,713.45 $1,737.82 $0.00 $592.07 $107,043.34
54 $107,043.34 $1,737.82 $0.00 $605.24 $109,386.40
55 $109,386.40 $1,737.82 $0.00 $618.49 $111,742.71
56 $111,742.71 $1,737.82 $0.00 $631.81 $114,112.34
57 $114,112.34 $1,737.82 $0.00 $645.21 $116,495.37
58 $116,495.37 $1,737.82 $0.00 $658.68 $118,891.87
59 $118,891.87 $1,737.82 $0.00 $672.23 $121,301.92
60 $121,301.92 $1,737.82 $0.00 $685.86 $123,725.60
61 $123,725.60 $1,737.82 $0.00 $699.56 $126,162.98
62 $126,162.98 $1,737.82 $0.00 $713.34 $128,614.14
63 $128,614.14 $1,737.82 $0.00 $727.20 $131,079.16
64 $131,079.16 $1,737.82 $0.00 $741.14 $133,558.12
65 $133,558.12 $1,737.82 $0.00 $755.16 $136,051.10
66 $136,051.10 $1,737.82 $0.00 $769.25 $138,558.17
67 $138,558.17 $1,737.82 $0.00 $783.43 $141,079.42
68 $141,079.42 $1,737.82 $0.00 $797.68 $143,614.92
69 $143,614.92 $1,737.82 $0.00 $812.02 $146,164.76
70 $146,164.76 $1,737.82 $0.00 $826.44 $148,729.02
71 $148,729.02 $1,737.82 $0.00 $840.94 $151,307.78
72 $151,307.78 $1,737.82 $0.00 $855.52 $153,901.12
73 $153,901.12 $1,737.82 $0.00 $870.18 $156,509.12
74 $156,509.12 $1,737.82 $0.00 $884.93 $159,131.87
75 $159,131.87 $1,737.82 $0.00 $899.75 $161,769.44
76 $161,769.44 $1,737.82 $0.00 $914.67 $164,421.93
77 $164,421.93 $1,737.82 $0.00 $929.67 $167,089.42
78 $167,089.42 $1,737.82 $0.00 $944.75 $169,771.99
79 $169,771.99 $1,737.82 $0.00 $959.92 $172,469.73
80 $172,469.73 $1,737.82 $0.00 $975.17 $175,182.72
81 $175,182.72 $1,737.82 $0.00 $990.51 $177,911.05
82 $177,911.05 $1,737.82 $0.00 $1,005.93 $180,654.80
83 $180,654.80 $1,737.82 $0.00 $1,021.45 $183,414.07
84 $183,414.07 $1,737.82 $0.00 $1,037.05 $186,188.94
85 $186,188.94 $1,737.82 $0.00 $1,052.74 $188,979.50
86 $188,979.50 $1,737.82 $0.00 $1,068.52 $191,785.84
87 $191,785.84 $1,737.82 $0.00 $1,084.39 $194,608.05
88 $194,608.05 $1,737.82 $0.00 $1,100.34 $197,446.21
89 $197,446.21 $1,737.82 $0.00 $1,116.39 $200,300.42
90 $200,300.42 $1,737.82 $0.00 $1,132.53 $203,170.77
91 $203,170.77 $1,737.82 $0.00 $1,148.76 $206,057.35
92 $206,057.35 $1,737.82 $0.00 $1,165.08 $208,960.25
93 $208,960.25 $1,737.82 $0.00 $1,181.49 $211,879.56
94 $211,879.56 $1,737.82 $0.00 $1,198.00 $214,815.38
95 $214,815.38 $1,737.82 $0.00 $1,214.60 $217,767.80
96 $217,767.80 $1,737.82 $0.00 $1,231.29 $220,736.91
97 $220,736.91 $1,737.82 $0.00 $1,248.08 $223,722.81
98 $223,722.81 $1,737.82 $0.00 $1,264.96 $226,725.59
99 $226,725.59 $1,737.82 $0.00 $1,281.94 $229,745.35
100 $229,745.35 $1,737.82 $0.00 $1,299.01 $232,782.18
101 $232,782.18 $1,737.82 $0.00 $1,316.18 $235,836.18
102 $235,836.18 $1,737.82 $0.00 $1,333.45 $238,907.45
103 $238,907.45 $1,737.82 $0.00 $1,350.82 $241,996.09
104 $241,996.09 $1,737.82 $0.00 $1,368.28 $245,102.19
105 $245,102.19 $1,737.82 $0.00 $1,385.84 $248,225.85
106 $248,225.85 $1,737.82 $0.00 $1,403.51 $251,367.18
107 $251,367.18 $1,737.82 $0.00 $1,421.27 $254,526.27
108 $254,526.27 $1,737.82 $0.00 $1,439.13 $257,703.22
109 $257,703.22 $1,737.82 $0.00 $1,457.09 $260,898.13
110 $260,898.13 $1,737.82 $0.00 $1,475.16 $264,111.11
111 $264,111.11 $1,737.82 $0.00 $1,493.32 $267,342.25
112 $267,342.25 $1,737.82 $0.00 $1,511.59 $270,591.66
113 $270,591.66 $1,737.82 $0.00 $1,529.96 $273,859.44
114 $273,859.44 $1,737.82 $0.00 $1,548.44 $277,145.70
115 $277,145.70 $1,737.82 $0.00 $1,567.02 $280,450.54
116 $280,450.54 $1,737.82 $0.00 $1,585.71 $283,774.07
117 $283,774.07 $1,737.82 $0.00 $1,604.50 $287,116.39
118 $287,116.39 $1,737.82 $0.00 $1,623.40 $290,477.61
119 $290,477.61 $1,737.82 $0.00 $1,642.40 $293,857.83
120 $293,857.83 $1,737.82 $0.00 $1,661.51 $297,257.16
121 $297,257.16 $1,737.82 $0.00 $1,680.74 $300,675.72
122 $300,675.72 $1,737.82 $0.00 $1,700.06 $304,113.60
123 $304,113.60 $1,737.82 $0.00 $1,719.50 $307,570.92
124 $307,570.92 $1,737.82 $0.00 $1,739.05 $311,047.79
125 $311,047.79 $1,737.82 $0.00 $1,758.71 $314,544.32
126 $314,544.32 $1,737.82 $0.00 $1,778.48 $318,060.62
127 $318,060.62 $1,737.82 $0.00 $1,798.36 $321,596.80
128 $321,596.80 $1,737.82 $0.00 $1,818.36 $325,152.98
129 $325,152.98 $1,737.82 $0.00 $1,838.46 $328,729.26
130 $328,729.26 $1,737.82 $0.00 $1,858.68 $332,325.76
131 $332,325.76 $1,737.82 $0.00 $1,879.02 $335,942.60
132 $335,942.60 $1,737.82 $0.00 $1,899.47 $339,579.89
133 $339,579.89 $1,737.82 $0.00 $1,920.03 $343,237.74
134 $343,237.74 $1,737.82 $0.00 $1,940.72 $346,916.28
135 $346,916.28 $1,737.82 $0.00 $1,961.52 $350,615.62
136 $350,615.62 $1,737.82 $0.00 $1,982.43 $354,335.87
137 $354,335.87 $1,737.82 $0.00 $2,003.47 $358,077.16
138 $358,077.16 $1,737.82 $0.00 $2,024.62 $361,839.60
139 $361,839.60 $1,737.82 $0.00 $2,045.89 $365,623.31
140 $365,623.31 $1,737.82 $0.00 $2,067.29 $369,428.42
141 $369,428.42 $1,737.82 $0.00 $2,088.80 $373,255.04
142 $373,255.04 $1,737.82 $0.00 $2,110.44 $377,103.30
143 $377,103.30 $1,737.82 $0.00 $2,132.20 $380,973.32
144 $380,973.32 $1,737.82 $0.00 $2,154.08 $384,865.22
145 $384,865.22 $1,737.82 $0.00 $2,176.08 $388,779.12
146 $388,779.12 $1,737.82 $0.00 $2,198.21 $392,715.15
147 $392,715.15 $1,737.82 $0.00 $2,220.47 $396,673.44
148 $396,673.44 $1,737.82 $0.00 $2,242.85 $400,654.11
149 $400,654.11 $1,737.82 $0.00 $2,265.36 $404,657.29
150 $404,657.29 $1,737.82 $0.00 $2,287.99 $408,683.10
151 $408,683.10 $1,737.82 $0.00 $2,310.75 $412,731.67
152 $412,731.67 $1,737.82 $0.00 $2,333.64 $416,803.13
153 $416,803.13 $1,737.82 $0.00 $2,356.67 $420,897.62
154 $420,897.62 $1,737.82 $0.00 $2,379.82 $425,015.26
155 $425,015.26 $1,737.82 $0.00 $2,403.10 $429,156.18
156 $429,156.18 $1,737.82 $0.00 $2,426.51 $433,320.51
157 $433,320.51 $1,737.82 $0.00 $2,450.06 $437,508.39
158 $437,508.39 $1,737.82 $0.00 $2,473.74 $441,719.95
159 $441,719.95 $1,737.82 $0.00 $2,497.55 $445,955.32
160 $445,955.32 $1,737.82 $0.00 $2,521.50 $450,214.64
161 $450,214.64 $1,737.82 $0.00 $2,545.58 $454,498.04
162 $454,498.04 $1,737.82 $0.00 $2,569.80 $458,805.66
163 $458,805.66 $1,737.82 $0.00 $2,594.15 $463,137.63
164 $463,137.63 $1,737.82 $0.00 $2,618.65 $467,494.10
165 $467,494.10 $1,737.82 $0.00 $2,643.28 $471,875.20
166 $471,875.20 $1,737.82 $0.00 $2,668.05 $476,281.07
167 $476,281.07 $1,737.82 $0.00 $2,692.96 $480,711.85
168 $480,711.85 $1,737.82 $0.00 $2,718.01 $485,167.68
169 $485,167.68 $1,737.82 $0.00 $2,743.21 $489,648.71
170 $489,648.71 $1,737.82 $0.00 $2,768.54 $494,155.07
171 $494,155.07 $1,737.82 $0.00 $2,794.02 $498,686.91
172 $498,686.91 $1,737.82 $0.00 $2,819.65 $503,244.38
173 $503,244.38 $1,737.82 $0.00 $2,845.42 $507,827.62
174 $507,827.62 $1,737.82 $0.00 $2,871.33 $512,436.77
175 $512,436.77 $1,737.82 $0.00 $2,897.39 $517,071.98
176 $517,071.98 $1,737.82 $0.00 $2,923.60 $521,733.40
177 $521,733.40 $1,737.82 $0.00 $2,949.96 $526,421.18
178 $526,421.18 $1,737.82 $0.00 $2,976.46 $531,135.46
179 $531,135.46 $1,737.82 $0.00 $3,003.12 $535,876.40
180 $535,876.40 $1,737.82 $0.00 $3,029.92 $540,644.14
181 $540,644.14 $1,737.82 $0.00 $3,056.88 $545,438.84
182 $545,438.84 $1,737.82 $0.00 $3,083.99 $550,260.65
183 $550,260.65 $1,737.82 $0.00 $3,111.25 $555,109.72
184 $555,109.72 $1,737.82 $0.00 $3,138.67 $559,986.21
185 $559,986.21 $1,737.82 $0.00 $3,166.24 $564,890.27
186 $564,890.27 $1,737.82 $0.00 $3,193.97 $569,822.06
187 $569,822.06 $1,737.82 $0.00 $3,221.86 $574,781.74
188 $574,781.74 $1,737.82 $0.00 $3,249.90 $579,769.46
189 $579,769.46 $1,737.82 $0.00 $3,278.10 $584,785.38
190 $584,785.38 $1,737.82 $0.00 $3,306.46 $589,829.66
191 $589,829.66 $1,737.82 $0.00 $3,334.98 $594,902.46
192 $594,902.46 $1,737.82 $0.00 $3,363.67 $600,003.95
193 $600,003.95 $1,737.82 $0.00 $3,392.51 $605,134.28
194 $605,134.28 $1,737.82 $0.00 $3,421.52 $610,293.62
195 $610,293.62 $1,737.82 $0.00 $3,450.69 $615,482.13
196 $615,482.13 $1,737.82 $0.00 $3,480.03 $620,699.98
197 $620,699.98 $1,737.82 $0.00 $3,509.53 $625,947.33
198 $625,947.33 $1,737.82 $0.00 $3,539.20 $631,224.35
199 $631,224.35 $1,737.82 $0.00 $3,569.03 $636,531.20
200 $636,531.20 $1,737.82 $0.00 $3,599.04 $641,868.06
201 $641,868.06 $1,737.82 $0.00 $3,629.22 $647,235.10
202 $647,235.10 $1,737.82 $0.00 $3,659.56 $652,632.48
203 $652,632.48 $1,737.82 $0.00 $3,690.08 $658,060.38
204 $658,060.38 $1,737.82 $0.00 $3,720.77 $663,518.97
205 $663,518.97 $1,737.82 $0.00 $3,751.63 $669,008.42
206 $669,008.42 $1,737.82 $0.00 $3,782.67 $674,528.91
207 $674,528.91 $1,737.82 $0.00 $3,813.88 $680,080.61
208 $680,080.61 $1,737.82 $0.00 $3,845.27 $685,663.70
209 $685,663.70 $1,737.82 $0.00 $3,876.84 $691,278.36
210 $691,278.36 $1,737.82 $0.00 $3,908.59 $696,924.77
211 $696,924.77 $1,737.82 $0.00 $3,940.51 $702,603.10
212 $702,603.10 $1,737.82 $0.00 $3,972.62 $708,313.54
213 $708,313.54 $1,737.82 $0.00 $4,004.91 $714,056.27
214 $714,056.27 $1,737.82 $0.00 $4,037.38 $719,831.47
215 $719,831.47 $1,737.82 $0.00 $4,070.03 $725,639.32
216 $725,639.32 $1,737.82 $0.00 $4,102.87 $731,480.01
217 $731,480.01 $1,737.82 $198,097.83 $4,135.89 $539,255.89
218 $539,255.89 $1,737.82 $0.00 $3,049.03 $544,042.74
219 $544,042.74 $1,737.82 $0.00 $3,076.10 $548,856.66
220 $548,856.66 $1,737.82 $0.00 $3,103.32 $553,697.80
221 $553,697.80 $1,737.82 $0.00 $3,130.69 $558,566.31
222 $558,566.31 $1,737.82 $0.00 $3,158.22 $563,462.35
223 $563,462.35 $1,737.82 $0.00 $3,185.90 $568,386.07
224 $568,386.07 $1,737.82 $0.00 $3,213.74 $573,337.63
225 $573,337.63 $1,737.82 $0.00 $3,241.73 $578,317.18
226 $578,317.18 $1,737.82 $0.00 $3,269.89 $583,324.89
227 $583,324.89 $1,737.82 $0.00 $3,298.20 $588,360.91
228 $588,360.91 $1,737.82 $0.00 $3,326.68 $593,425.41
229 $593,425.41 $1,737.82 $211,964.68 $3,355.31 $386,553.86
230 $386,553.86 $1,737.82 $0.00 $2,185.63 $390,477.31
231 $390,477.31 $1,737.82 $0.00 $2,207.82 $394,422.95
232 $394,422.95 $1,737.82 $0.00 $2,230.12 $398,390.89
233 $398,390.89 $1,737.82 $0.00 $2,252.56 $402,381.27
234 $402,381.27 $1,737.82 $0.00 $2,275.12 $406,394.21
235 $406,394.21 $1,737.82 $0.00 $2,297.81 $410,429.84
236 $410,429.84 $1,737.82 $0.00 $2,320.63 $414,488.29
237 $414,488.29 $1,737.82 $0.00 $2,343.58 $418,569.69
238 $418,569.69 $1,737.82 $0.00 $2,366.65 $422,674.16
239 $422,674.16 $1,737.82 $0.00 $2,389.86 $426,801.84
240 $426,801.84 $1,737.82 $0.00 $2,413.20 $430,952.86
241 $430,952.86 $1,737.82 $226,802.21 $2,436.67 $208,325.14
242 $208,325.14 $1,737.82 $0.00 $1,177.90 $211,240.86
243 $211,240.86 $1,737.82 $0.00 $1,194.39 $214,173.07
244 $214,173.07 $1,737.82 $0.00 $1,210.97 $217,121.86
245 $217,121.86 $1,737.82 $0.00 $1,227.64 $220,087.32
246 $220,087.32 $1,737.82 $0.00 $1,244.41 $223,069.55
247 $223,069.55 $1,737.82 $0.00 $1,261.27 $226,068.64
248 $226,068.64 $1,737.82 $0.00 $1,278.22 $229,084.68
249 $229,084.68 $1,737.82 $0.00 $1,295.28 $232,117.78
250 $232,117.78 $1,737.82 $0.00 $1,312.43 $235,168.03
251 $235,168.03 $1,737.82 $0.00 $1,329.67 $238,235.52
252 $238,235.52 $1,737.82 $0.00 $1,347.02 $241,320.36
253 $241,320.36 $0.00 $242,678.36 $1,364.46 $6.46