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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$153,588
Monthly savings required$1,216

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 $614,351.59 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,215.79 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$59,227.00
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 $1,215.79 $0.00 $0.00 $1,215.79
2 $1,215.79 $1,215.79 $0.00 $6.87 $2,438.45
3 $2,438.45 $1,215.79 $0.00 $13.79 $3,668.03
4 $3,668.03 $1,215.79 $0.00 $20.74 $4,904.56
5 $4,904.56 $1,215.79 $0.00 $27.73 $6,148.08
6 $6,148.08 $1,215.79 $0.00 $34.76 $7,398.63
7 $7,398.63 $1,215.79 $0.00 $41.83 $8,656.25
8 $8,656.25 $1,215.79 $0.00 $48.94 $9,920.98
9 $9,920.98 $1,215.79 $0.00 $56.09 $11,192.86
10 $11,192.86 $1,215.79 $0.00 $63.29 $12,471.94
11 $12,471.94 $1,215.79 $0.00 $70.52 $13,758.25
12 $13,758.25 $1,215.79 $0.00 $77.79 $15,051.83
13 $15,051.83 $1,215.79 $0.00 $85.11 $16,352.73
14 $16,352.73 $1,215.79 $0.00 $92.46 $17,660.98
15 $17,660.98 $1,215.79 $0.00 $99.86 $18,976.63
16 $18,976.63 $1,215.79 $0.00 $107.30 $20,299.72
17 $20,299.72 $1,215.79 $0.00 $114.78 $21,630.29
18 $21,630.29 $1,215.79 $0.00 $122.30 $22,968.38
19 $22,968.38 $1,215.79 $0.00 $129.87 $24,314.04
20 $24,314.04 $1,215.79 $0.00 $137.48 $25,667.31
21 $25,667.31 $1,215.79 $0.00 $145.13 $27,028.23
22 $27,028.23 $1,215.79 $0.00 $152.82 $28,396.84
23 $28,396.84 $1,215.79 $0.00 $160.56 $29,773.19
24 $29,773.19 $1,215.79 $0.00 $168.34 $31,157.32
25 $31,157.32 $1,215.79 $0.00 $176.17 $32,549.28
26 $32,549.28 $1,215.79 $0.00 $184.04 $33,949.11
27 $33,949.11 $1,215.79 $0.00 $191.95 $35,356.85
28 $35,356.85 $1,215.79 $0.00 $199.91 $36,772.55
29 $36,772.55 $1,215.79 $0.00 $207.92 $38,196.26
30 $38,196.26 $1,215.79 $0.00 $215.97 $39,628.02
31 $39,628.02 $1,215.79 $0.00 $224.06 $41,067.87
32 $41,067.87 $1,215.79 $0.00 $232.20 $42,515.86
33 $42,515.86 $1,215.79 $0.00 $240.39 $43,972.04
34 $43,972.04 $1,215.79 $0.00 $248.62 $45,436.45
35 $45,436.45 $1,215.79 $0.00 $256.90 $46,909.14
36 $46,909.14 $1,215.79 $0.00 $265.23 $48,390.16
37 $48,390.16 $1,215.79 $0.00 $273.60 $49,879.55
38 $49,879.55 $1,215.79 $0.00 $282.03 $51,377.37
39 $51,377.37 $1,215.79 $0.00 $290.50 $52,883.66
40 $52,883.66 $1,215.79 $0.00 $299.01 $54,398.46
41 $54,398.46 $1,215.79 $0.00 $307.58 $55,921.83
42 $55,921.83 $1,215.79 $0.00 $316.19 $57,453.81
43 $57,453.81 $1,215.79 $0.00 $324.85 $58,994.45
44 $58,994.45 $1,215.79 $0.00 $333.56 $60,543.80
45 $60,543.80 $1,215.79 $0.00 $342.32 $62,101.91
46 $62,101.91 $1,215.79 $0.00 $351.13 $63,668.83
47 $63,668.83 $1,215.79 $0.00 $359.99 $65,244.61
48 $65,244.61 $1,215.79 $0.00 $368.90 $66,829.30
49 $66,829.30 $1,215.79 $0.00 $377.86 $68,422.95
50 $68,422.95 $1,215.79 $0.00 $386.87 $70,025.61
51 $70,025.61 $1,215.79 $0.00 $395.93 $71,637.33
52 $71,637.33 $1,215.79 $0.00 $405.05 $73,258.17
53 $73,258.17 $1,215.79 $0.00 $414.21 $74,888.17
54 $74,888.17 $1,215.79 $0.00 $423.43 $76,527.39
55 $76,527.39 $1,215.79 $0.00 $432.70 $78,175.88
56 $78,175.88 $1,215.79 $0.00 $442.02 $79,833.69
57 $79,833.69 $1,215.79 $0.00 $451.39 $81,500.87
58 $81,500.87 $1,215.79 $0.00 $460.82 $83,177.48
59 $83,177.48 $1,215.79 $0.00 $470.30 $84,863.57
60 $84,863.57 $1,215.79 $0.00 $479.83 $86,559.19
61 $86,559.19 $1,215.79 $0.00 $489.42 $88,264.40
62 $88,264.40 $1,215.79 $0.00 $499.06 $89,979.25
63 $89,979.25 $1,215.79 $0.00 $508.76 $91,703.80
64 $91,703.80 $1,215.79 $0.00 $518.51 $93,438.10
65 $93,438.10 $1,215.79 $0.00 $528.31 $95,182.20
66 $95,182.20 $1,215.79 $0.00 $538.17 $96,936.16
67 $96,936.16 $1,215.79 $0.00 $548.09 $98,700.04
68 $98,700.04 $1,215.79 $0.00 $558.06 $100,473.89
69 $100,473.89 $1,215.79 $0.00 $568.09 $102,257.77
70 $102,257.77 $1,215.79 $0.00 $578.18 $104,051.74
71 $104,051.74 $1,215.79 $0.00 $588.32 $105,855.85
72 $105,855.85 $1,215.79 $0.00 $598.52 $107,670.16
73 $107,670.16 $1,215.79 $0.00 $608.78 $109,494.73
74 $109,494.73 $1,215.79 $0.00 $619.10 $111,329.62
75 $111,329.62 $1,215.79 $0.00 $629.47 $113,174.88
76 $113,174.88 $1,215.79 $0.00 $639.91 $115,030.58
77 $115,030.58 $1,215.79 $0.00 $650.40 $116,896.77
78 $116,896.77 $1,215.79 $0.00 $660.95 $118,773.51
79 $118,773.51 $1,215.79 $0.00 $671.56 $120,660.86
80 $120,660.86 $1,215.79 $0.00 $682.23 $122,558.88
81 $122,558.88 $1,215.79 $0.00 $692.97 $124,467.64
82 $124,467.64 $1,215.79 $0.00 $703.76 $126,387.19
83 $126,387.19 $1,215.79 $0.00 $714.61 $128,317.59
84 $128,317.59 $1,215.79 $0.00 $725.53 $130,258.91
85 $130,258.91 $1,215.79 $0.00 $736.50 $132,211.20
86 $132,211.20 $1,215.79 $0.00 $747.54 $134,174.53
87 $134,174.53 $1,215.79 $0.00 $758.64 $136,148.96
88 $136,148.96 $1,215.79 $0.00 $769.81 $138,134.56
89 $138,134.56 $1,215.79 $0.00 $781.03 $140,131.38
90 $140,131.38 $1,215.79 $0.00 $792.32 $142,139.49
91 $142,139.49 $1,215.79 $0.00 $803.68 $144,158.96
92 $144,158.96 $1,215.79 $0.00 $815.10 $146,189.85
93 $146,189.85 $1,215.79 $0.00 $826.58 $148,232.22
94 $148,232.22 $1,215.79 $0.00 $838.13 $150,286.14
95 $150,286.14 $1,215.79 $0.00 $849.74 $152,351.67
96 $152,351.67 $1,215.79 $0.00 $861.42 $154,428.88
97 $154,428.88 $1,215.79 $0.00 $873.16 $156,517.83
98 $156,517.83 $1,215.79 $0.00 $884.97 $158,618.59
99 $158,618.59 $1,215.79 $0.00 $896.85 $160,731.23
100 $160,731.23 $1,215.79 $0.00 $908.80 $162,855.82
101 $162,855.82 $1,215.79 $0.00 $920.81 $164,992.42
102 $164,992.42 $1,215.79 $0.00 $932.89 $167,141.10
103 $167,141.10 $1,215.79 $0.00 $945.04 $169,301.93
104 $169,301.93 $1,215.79 $0.00 $957.26 $171,474.98
105 $171,474.98 $1,215.79 $0.00 $969.54 $173,660.31
106 $173,660.31 $1,215.79 $0.00 $981.90 $175,858.00
107 $175,858.00 $1,215.79 $0.00 $994.33 $178,068.12
108 $178,068.12 $1,215.79 $0.00 $1,006.82 $180,290.73
109 $180,290.73 $1,215.79 $0.00 $1,019.39 $182,525.91
110 $182,525.91 $1,215.79 $0.00 $1,032.03 $184,773.73
111 $184,773.73 $1,215.79 $0.00 $1,044.74 $187,034.26
112 $187,034.26 $1,215.79 $0.00 $1,057.52 $189,307.57
113 $189,307.57 $1,215.79 $0.00 $1,070.37 $191,593.73
114 $191,593.73 $1,215.79 $0.00 $1,083.30 $193,892.82
115 $193,892.82 $1,215.79 $0.00 $1,096.30 $196,204.91
116 $196,204.91 $1,215.79 $0.00 $1,109.37 $198,530.07
117 $198,530.07 $1,215.79 $0.00 $1,122.52 $200,868.38
118 $200,868.38 $1,215.79 $0.00 $1,135.74 $203,219.91
119 $203,219.91 $1,215.79 $0.00 $1,149.03 $205,584.73
120 $205,584.73 $1,215.79 $0.00 $1,162.41 $207,962.93
121 $207,962.93 $1,215.79 $0.00 $1,175.85 $210,354.57
122 $210,354.57 $1,215.79 $0.00 $1,189.38 $212,759.74
123 $212,759.74 $1,215.79 $0.00 $1,202.97 $215,178.50
124 $215,178.50 $1,215.79 $0.00 $1,216.65 $217,610.94
125 $217,610.94 $1,215.79 $0.00 $1,230.40 $220,057.13
126 $220,057.13 $1,215.79 $0.00 $1,244.24 $222,517.16
127 $222,517.16 $1,215.79 $0.00 $1,258.14 $224,991.09
128 $224,991.09 $1,215.79 $0.00 $1,272.13 $227,479.01
129 $227,479.01 $1,215.79 $0.00 $1,286.20 $229,981.00
130 $229,981.00 $1,215.79 $0.00 $1,300.35 $232,497.14
131 $232,497.14 $1,215.79 $0.00 $1,314.57 $235,027.50
132 $235,027.50 $1,215.79 $0.00 $1,328.88 $237,572.17
133 $237,572.17 $1,215.79 $0.00 $1,343.27 $240,131.23
134 $240,131.23 $1,215.79 $0.00 $1,357.74 $242,704.76
135 $242,704.76 $1,215.79 $0.00 $1,372.29 $245,292.84
136 $245,292.84 $1,215.79 $0.00 $1,386.92 $247,895.55
137 $247,895.55 $1,215.79 $0.00 $1,401.64 $250,512.98
138 $250,512.98 $1,215.79 $0.00 $1,416.44 $253,145.21
139 $253,145.21 $1,215.79 $0.00 $1,431.32 $255,792.32
140 $255,792.32 $1,215.79 $0.00 $1,446.29 $258,454.40
141 $258,454.40 $1,215.79 $0.00 $1,461.34 $261,131.53
142 $261,131.53 $1,215.79 $0.00 $1,476.48 $263,823.80
143 $263,823.80 $1,215.79 $0.00 $1,491.70 $266,531.29
144 $266,531.29 $1,215.79 $0.00 $1,507.01 $269,254.09
145 $269,254.09 $1,215.79 $0.00 $1,522.40 $271,992.28
146 $271,992.28 $1,215.79 $0.00 $1,537.88 $274,745.95
147 $274,745.95 $1,215.79 $0.00 $1,553.45 $277,515.19
148 $277,515.19 $1,215.79 $0.00 $1,569.11 $280,300.09
149 $280,300.09 $1,215.79 $0.00 $1,584.86 $283,100.74
150 $283,100.74 $1,215.79 $0.00 $1,600.69 $285,917.22
151 $285,917.22 $1,215.79 $0.00 $1,616.62 $288,749.63
152 $288,749.63 $1,215.79 $0.00 $1,632.63 $291,598.05
153 $291,598.05 $1,215.79 $0.00 $1,648.74 $294,462.58
154 $294,462.58 $1,215.79 $0.00 $1,664.93 $297,343.30
155 $297,343.30 $1,215.79 $0.00 $1,681.22 $300,240.31
156 $300,240.31 $1,215.79 $0.00 $1,697.60 $303,153.70
157 $303,153.70 $1,215.79 $0.00 $1,714.08 $306,083.57
158 $306,083.57 $1,215.79 $0.00 $1,730.64 $309,030.00
159 $309,030.00 $1,215.79 $0.00 $1,747.30 $311,993.09
160 $311,993.09 $1,215.79 $0.00 $1,764.05 $314,972.93
161 $314,972.93 $1,215.79 $0.00 $1,780.90 $317,969.62
162 $317,969.62 $1,215.79 $0.00 $1,797.85 $320,983.26
163 $320,983.26 $1,215.79 $0.00 $1,814.89 $324,013.94
164 $324,013.94 $1,215.79 $0.00 $1,832.02 $327,061.75
165 $327,061.75 $1,215.79 $0.00 $1,849.25 $330,126.79
166 $330,126.79 $1,215.79 $0.00 $1,866.58 $333,209.16
167 $333,209.16 $1,215.79 $0.00 $1,884.01 $336,308.96
168 $336,308.96 $1,215.79 $0.00 $1,901.54 $339,426.29
169 $339,426.29 $1,215.79 $0.00 $1,919.17 $342,561.25
170 $342,561.25 $1,215.79 $0.00 $1,936.89 $345,713.93
171 $345,713.93 $1,215.79 $0.00 $1,954.72 $348,884.44
172 $348,884.44 $1,215.79 $0.00 $1,972.64 $352,072.87
173 $352,072.87 $1,215.79 $0.00 $1,990.67 $355,279.33
174 $355,279.33 $1,215.79 $0.00 $2,008.80 $358,503.92
175 $358,503.92 $1,215.79 $0.00 $2,027.03 $361,746.74
176 $361,746.74 $1,215.79 $0.00 $2,045.37 $365,007.90
177 $365,007.90 $1,215.79 $0.00 $2,063.81 $368,287.50
178 $368,287.50 $1,215.79 $0.00 $2,082.35 $371,585.64
179 $371,585.64 $1,215.79 $0.00 $2,101.00 $374,902.43
180 $374,902.43 $1,215.79 $0.00 $2,119.75 $378,237.97
181 $378,237.97 $1,215.79 $0.00 $2,138.61 $381,592.37
182 $381,592.37 $1,215.79 $0.00 $2,157.58 $384,965.74
183 $384,965.74 $1,215.79 $0.00 $2,176.65 $388,358.18
184 $388,358.18 $1,215.79 $0.00 $2,195.83 $391,769.80
185 $391,769.80 $1,215.79 $0.00 $2,215.12 $395,200.71
186 $395,200.71 $1,215.79 $0.00 $2,234.52 $398,651.02
187 $398,651.02 $1,215.79 $0.00 $2,254.03 $402,120.84
188 $402,120.84 $1,215.79 $0.00 $2,273.65 $405,610.28
189 $405,610.28 $1,215.79 $0.00 $2,293.38 $409,119.45
190 $409,119.45 $1,215.79 $0.00 $2,313.22 $412,648.46
191 $412,648.46 $1,215.79 $0.00 $2,333.17 $416,197.42
192 $416,197.42 $1,215.79 $0.00 $2,353.24 $419,766.45
193 $419,766.45 $1,215.79 $0.00 $2,373.42 $423,355.66
194 $423,355.66 $1,215.79 $0.00 $2,393.71 $426,965.16
195 $426,965.16 $1,215.79 $0.00 $2,414.12 $430,595.07
196 $430,595.07 $1,215.79 $0.00 $2,434.65 $434,245.51
197 $434,245.51 $1,215.79 $0.00 $2,455.29 $437,916.59
198 $437,916.59 $1,215.79 $0.00 $2,476.04 $441,608.42
199 $441,608.42 $1,215.79 $0.00 $2,496.92 $445,321.13
200 $445,321.13 $1,215.79 $0.00 $2,517.91 $449,054.83
201 $449,054.83 $1,215.79 $0.00 $2,539.02 $452,809.64
202 $452,809.64 $1,215.79 $0.00 $2,560.25 $456,585.68
203 $456,585.68 $1,215.79 $0.00 $2,581.60 $460,383.07
204 $460,383.07 $1,215.79 $0.00 $2,603.07 $464,201.93
205 $464,201.93 $1,215.79 $0.00 $2,624.67 $468,042.39
206 $468,042.39 $1,215.79 $0.00 $2,646.38 $471,904.56
207 $471,904.56 $1,215.79 $0.00 $2,668.22 $475,788.57
208 $475,788.57 $1,215.79 $0.00 $2,690.18 $479,694.54
209 $479,694.54 $1,215.79 $0.00 $2,712.26 $483,622.59
210 $483,622.59 $1,215.79 $0.00 $2,734.47 $487,572.85
211 $487,572.85 $1,215.79 $0.00 $2,756.81 $491,545.45
212 $491,545.45 $1,215.79 $0.00 $2,779.27 $495,540.51
213 $495,540.51 $1,215.79 $0.00 $2,801.86 $499,558.16
214 $499,558.16 $1,215.79 $0.00 $2,824.57 $503,598.52
215 $503,598.52 $1,215.79 $0.00 $2,847.42 $507,661.73
216 $507,661.73 $1,215.79 $0.00 $2,870.39 $511,747.91
217 $511,747.91 $1,215.79 $142,536.84 $2,893.50 $373,320.36
218 $373,320.36 $1,215.79 $0.00 $2,110.81 $376,646.96
219 $376,646.96 $1,215.79 $0.00 $2,129.62 $379,992.37
220 $379,992.37 $1,215.79 $0.00 $2,148.53 $383,356.69
221 $383,356.69 $1,215.79 $0.00 $2,167.55 $386,740.03
222 $386,740.03 $1,215.79 $0.00 $2,186.68 $390,142.50
223 $390,142.50 $1,215.79 $0.00 $2,205.92 $393,564.21
224 $393,564.21 $1,215.79 $0.00 $2,225.27 $397,005.27
225 $397,005.27 $1,215.79 $0.00 $2,244.73 $400,465.79
226 $400,465.79 $1,215.79 $0.00 $2,264.29 $403,945.87
227 $403,945.87 $1,215.79 $0.00 $2,283.97 $407,445.63
228 $407,445.63 $1,215.79 $0.00 $2,303.76 $410,965.18
229 $410,965.18 $1,215.79 $149,663.68 $2,323.66 $264,840.95
230 $264,840.95 $1,215.79 $0.00 $1,497.45 $267,554.19
231 $267,554.19 $1,215.79 $0.00 $1,512.79 $270,282.77
232 $270,282.77 $1,215.79 $0.00 $1,528.22 $273,026.78
233 $273,026.78 $1,215.79 $0.00 $1,543.73 $275,786.30
234 $275,786.30 $1,215.79 $0.00 $1,559.34 $278,561.43
235 $278,561.43 $1,215.79 $0.00 $1,575.03 $281,352.25
236 $281,352.25 $1,215.79 $0.00 $1,590.81 $284,158.85
237 $284,158.85 $1,215.79 $0.00 $1,606.68 $286,981.32
238 $286,981.32 $1,215.79 $0.00 $1,622.63 $289,819.74
239 $289,819.74 $1,215.79 $0.00 $1,638.68 $292,674.21
240 $292,674.21 $1,215.79 $0.00 $1,654.82 $295,544.82
241 $295,544.82 $1,215.79 $157,146.86 $1,671.05 $141,284.80
242 $141,284.80 $1,215.79 $0.00 $798.84 $143,299.43
243 $143,299.43 $1,215.79 $0.00 $810.24 $145,325.46
244 $145,325.46 $1,215.79 $0.00 $821.69 $147,362.94
245 $147,362.94 $1,215.79 $0.00 $833.21 $149,411.94
246 $149,411.94 $1,215.79 $0.00 $844.80 $151,472.53
247 $151,472.53 $1,215.79 $0.00 $856.45 $153,544.77
248 $153,544.77 $1,215.79 $0.00 $868.16 $155,628.72
249 $155,628.72 $1,215.79 $0.00 $879.95 $157,724.46
250 $157,724.46 $1,215.79 $0.00 $891.80 $159,832.05
251 $159,832.05 $1,215.79 $0.00 $903.71 $161,951.55
252 $161,951.55 $1,215.79 $0.00 $915.70 $164,083.04
253 $164,083.04 $0.00 $165,004.21 $927.75 $6.58