Savings Plan and Future Cost Estimation for Rochester College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$146,683
Monthly savings required$1,159

How much will it cost to send your child to Rochester College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $586,732.22 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,159.27 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$39,098.00
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 $1,159.27 $0.00 $0.00 $1,159.27
2 $1,159.27 $1,159.27 $0.00 $6.55 $2,325.09
3 $2,325.09 $1,159.27 $0.00 $13.15 $3,497.51
4 $3,497.51 $1,159.27 $0.00 $19.78 $4,676.56
5 $4,676.56 $1,159.27 $0.00 $26.44 $5,862.27
6 $5,862.27 $1,159.27 $0.00 $33.15 $7,054.69
7 $7,054.69 $1,159.27 $0.00 $39.89 $8,253.85
8 $8,253.85 $1,159.27 $0.00 $46.67 $9,459.79
9 $9,459.79 $1,159.27 $0.00 $53.49 $10,672.55
10 $10,672.55 $1,159.27 $0.00 $60.34 $11,892.16
11 $11,892.16 $1,159.27 $0.00 $67.24 $13,118.67
12 $13,118.67 $1,159.27 $0.00 $74.17 $14,352.11
13 $14,352.11 $1,159.27 $0.00 $81.15 $15,592.53
14 $15,592.53 $1,159.27 $0.00 $88.16 $16,839.96
15 $16,839.96 $1,159.27 $0.00 $95.22 $18,094.45
16 $18,094.45 $1,159.27 $0.00 $102.31 $19,356.03
17 $19,356.03 $1,159.27 $0.00 $109.44 $20,624.74
18 $20,624.74 $1,159.27 $0.00 $116.62 $21,900.63
19 $21,900.63 $1,159.27 $0.00 $123.83 $23,183.73
20 $23,183.73 $1,159.27 $0.00 $131.08 $24,474.08
21 $24,474.08 $1,159.27 $0.00 $138.38 $25,771.73
22 $25,771.73 $1,159.27 $0.00 $145.72 $27,076.72
23 $27,076.72 $1,159.27 $0.00 $153.10 $28,389.09
24 $28,389.09 $1,159.27 $0.00 $160.52 $29,708.88
25 $29,708.88 $1,159.27 $0.00 $167.98 $31,036.13
26 $31,036.13 $1,159.27 $0.00 $175.48 $32,370.88
27 $32,370.88 $1,159.27 $0.00 $183.03 $33,713.18
28 $33,713.18 $1,159.27 $0.00 $190.62 $35,063.07
29 $35,063.07 $1,159.27 $0.00 $198.25 $36,420.59
30 $36,420.59 $1,159.27 $0.00 $205.93 $37,785.79
31 $37,785.79 $1,159.27 $0.00 $213.65 $39,158.71
32 $39,158.71 $1,159.27 $0.00 $221.41 $40,539.39
33 $40,539.39 $1,159.27 $0.00 $229.22 $41,927.88
34 $41,927.88 $1,159.27 $0.00 $237.07 $43,324.22
35 $43,324.22 $1,159.27 $0.00 $244.96 $44,728.45
36 $44,728.45 $1,159.27 $0.00 $252.90 $46,140.62
37 $46,140.62 $1,159.27 $0.00 $260.89 $47,560.78
38 $47,560.78 $1,159.27 $0.00 $268.92 $48,988.97
39 $48,988.97 $1,159.27 $0.00 $276.99 $50,425.23
40 $50,425.23 $1,159.27 $0.00 $285.11 $51,869.61
41 $51,869.61 $1,159.27 $0.00 $293.28 $53,322.16
42 $53,322.16 $1,159.27 $0.00 $301.49 $54,782.92
43 $54,782.92 $1,159.27 $0.00 $309.75 $56,251.94
44 $56,251.94 $1,159.27 $0.00 $318.06 $57,729.27
45 $57,729.27 $1,159.27 $0.00 $326.41 $59,214.95
46 $59,214.95 $1,159.27 $0.00 $334.81 $60,709.03
47 $60,709.03 $1,159.27 $0.00 $343.26 $62,211.56
48 $62,211.56 $1,159.27 $0.00 $351.75 $63,722.58
49 $63,722.58 $1,159.27 $0.00 $360.30 $65,242.15
50 $65,242.15 $1,159.27 $0.00 $368.89 $66,770.31
51 $66,770.31 $1,159.27 $0.00 $377.53 $68,307.11
52 $68,307.11 $1,159.27 $0.00 $386.22 $69,852.60
53 $69,852.60 $1,159.27 $0.00 $394.96 $71,406.83
54 $71,406.83 $1,159.27 $0.00 $403.74 $72,969.84
55 $72,969.84 $1,159.27 $0.00 $412.58 $74,541.69
56 $74,541.69 $1,159.27 $0.00 $421.47 $76,122.43
57 $76,122.43 $1,159.27 $0.00 $430.41 $77,712.11
58 $77,712.11 $1,159.27 $0.00 $439.40 $79,310.78
59 $79,310.78 $1,159.27 $0.00 $448.43 $80,918.48
60 $80,918.48 $1,159.27 $0.00 $457.52 $82,535.27
61 $82,535.27 $1,159.27 $0.00 $466.67 $84,161.21
62 $84,161.21 $1,159.27 $0.00 $475.86 $85,796.34
63 $85,796.34 $1,159.27 $0.00 $485.10 $87,440.71
64 $87,440.71 $1,159.27 $0.00 $494.40 $89,094.38
65 $89,094.38 $1,159.27 $0.00 $503.75 $90,757.40
66 $90,757.40 $1,159.27 $0.00 $513.16 $92,429.83
67 $92,429.83 $1,159.27 $0.00 $522.61 $94,111.71
68 $94,111.71 $1,159.27 $0.00 $532.12 $95,803.10
69 $95,803.10 $1,159.27 $0.00 $541.68 $97,504.05
70 $97,504.05 $1,159.27 $0.00 $551.30 $99,214.62
71 $99,214.62 $1,159.27 $0.00 $560.97 $100,934.86
72 $100,934.86 $1,159.27 $0.00 $570.70 $102,664.83
73 $102,664.83 $1,159.27 $0.00 $580.48 $104,404.58
74 $104,404.58 $1,159.27 $0.00 $590.32 $106,154.17
75 $106,154.17 $1,159.27 $0.00 $600.21 $107,913.65
76 $107,913.65 $1,159.27 $0.00 $610.16 $109,683.08
77 $109,683.08 $1,159.27 $0.00 $620.16 $111,462.51
78 $111,462.51 $1,159.27 $0.00 $630.23 $113,252.01
79 $113,252.01 $1,159.27 $0.00 $640.34 $115,051.62
80 $115,051.62 $1,159.27 $0.00 $650.52 $116,861.41
81 $116,861.41 $1,159.27 $0.00 $660.75 $118,681.43
82 $118,681.43 $1,159.27 $0.00 $671.04 $120,511.74
83 $120,511.74 $1,159.27 $0.00 $681.39 $122,352.40
84 $122,352.40 $1,159.27 $0.00 $691.80 $124,203.47
85 $124,203.47 $1,159.27 $0.00 $702.26 $126,065.00
86 $126,065.00 $1,159.27 $0.00 $712.79 $127,937.06
87 $127,937.06 $1,159.27 $0.00 $723.37 $129,819.70
88 $129,819.70 $1,159.27 $0.00 $734.02 $131,712.99
89 $131,712.99 $1,159.27 $0.00 $744.72 $133,616.98
90 $133,616.98 $1,159.27 $0.00 $755.49 $135,531.74
91 $135,531.74 $1,159.27 $0.00 $766.32 $137,457.33
92 $137,457.33 $1,159.27 $0.00 $777.20 $139,393.80
93 $139,393.80 $1,159.27 $0.00 $788.15 $141,341.22
94 $141,341.22 $1,159.27 $0.00 $799.16 $143,299.65
95 $143,299.65 $1,159.27 $0.00 $810.24 $145,269.16
96 $145,269.16 $1,159.27 $0.00 $821.37 $147,249.80
97 $147,249.80 $1,159.27 $0.00 $832.57 $149,241.64
98 $149,241.64 $1,159.27 $0.00 $843.83 $151,244.74
99 $151,244.74 $1,159.27 $0.00 $855.16 $153,259.17
100 $153,259.17 $1,159.27 $0.00 $866.55 $155,284.99
101 $155,284.99 $1,159.27 $0.00 $878.00 $157,322.26
102 $157,322.26 $1,159.27 $0.00 $889.52 $159,371.05
103 $159,371.05 $1,159.27 $0.00 $901.11 $161,431.43
104 $161,431.43 $1,159.27 $0.00 $912.76 $163,503.46
105 $163,503.46 $1,159.27 $0.00 $924.47 $165,587.20
106 $165,587.20 $1,159.27 $0.00 $936.25 $167,682.72
107 $167,682.72 $1,159.27 $0.00 $948.10 $169,790.09
108 $169,790.09 $1,159.27 $0.00 $960.02 $171,909.38
109 $171,909.38 $1,159.27 $0.00 $972.00 $174,040.65
110 $174,040.65 $1,159.27 $0.00 $984.05 $176,183.97
111 $176,183.97 $1,159.27 $0.00 $996.17 $178,339.41
112 $178,339.41 $1,159.27 $0.00 $1,008.36 $180,507.04
113 $180,507.04 $1,159.27 $0.00 $1,020.61 $182,686.92
114 $182,686.92 $1,159.27 $0.00 $1,032.94 $184,879.13
115 $184,879.13 $1,159.27 $0.00 $1,045.33 $187,083.73
116 $187,083.73 $1,159.27 $0.00 $1,057.80 $189,300.80
117 $189,300.80 $1,159.27 $0.00 $1,070.33 $191,530.40
118 $191,530.40 $1,159.27 $0.00 $1,082.94 $193,772.61
119 $193,772.61 $1,159.27 $0.00 $1,095.62 $196,027.50
120 $196,027.50 $1,159.27 $0.00 $1,108.37 $198,295.14
121 $198,295.14 $1,159.27 $0.00 $1,121.19 $200,575.60
122 $200,575.60 $1,159.27 $0.00 $1,134.08 $202,868.95
123 $202,868.95 $1,159.27 $0.00 $1,147.05 $205,175.27
124 $205,175.27 $1,159.27 $0.00 $1,160.09 $207,494.63
125 $207,494.63 $1,159.27 $0.00 $1,173.20 $209,827.10
126 $209,827.10 $1,159.27 $0.00 $1,186.39 $212,172.76
127 $212,172.76 $1,159.27 $0.00 $1,199.66 $214,531.69
128 $214,531.69 $1,159.27 $0.00 $1,212.99 $216,903.95
129 $216,903.95 $1,159.27 $0.00 $1,226.41 $219,289.63
130 $219,289.63 $1,159.27 $0.00 $1,239.90 $221,688.80
131 $221,688.80 $1,159.27 $0.00 $1,253.46 $224,101.53
132 $224,101.53 $1,159.27 $0.00 $1,267.10 $226,527.90
133 $226,527.90 $1,159.27 $0.00 $1,280.82 $228,967.99
134 $228,967.99 $1,159.27 $0.00 $1,294.62 $231,421.88
135 $231,421.88 $1,159.27 $0.00 $1,308.49 $233,889.64
136 $233,889.64 $1,159.27 $0.00 $1,322.45 $236,371.36
137 $236,371.36 $1,159.27 $0.00 $1,336.48 $238,867.11
138 $238,867.11 $1,159.27 $0.00 $1,350.59 $241,376.97
139 $241,376.97 $1,159.27 $0.00 $1,364.78 $243,901.02
140 $243,901.02 $1,159.27 $0.00 $1,379.05 $246,439.34
141 $246,439.34 $1,159.27 $0.00 $1,393.40 $248,992.01
142 $248,992.01 $1,159.27 $0.00 $1,407.84 $251,559.12
143 $251,559.12 $1,159.27 $0.00 $1,422.35 $254,140.74
144 $254,140.74 $1,159.27 $0.00 $1,436.95 $256,736.96
145 $256,736.96 $1,159.27 $0.00 $1,451.63 $259,347.86
146 $259,347.86 $1,159.27 $0.00 $1,466.39 $261,973.52
147 $261,973.52 $1,159.27 $0.00 $1,481.24 $264,614.03
148 $264,614.03 $1,159.27 $0.00 $1,496.17 $267,269.47
149 $267,269.47 $1,159.27 $0.00 $1,511.18 $269,939.92
150 $269,939.92 $1,159.27 $0.00 $1,526.28 $272,625.47
151 $272,625.47 $1,159.27 $0.00 $1,541.46 $275,326.20
152 $275,326.20 $1,159.27 $0.00 $1,556.73 $278,042.20
153 $278,042.20 $1,159.27 $0.00 $1,572.09 $280,773.56
154 $280,773.56 $1,159.27 $0.00 $1,587.53 $283,520.36
155 $283,520.36 $1,159.27 $0.00 $1,603.07 $286,282.70
156 $286,282.70 $1,159.27 $0.00 $1,618.68 $289,060.65
157 $289,060.65 $1,159.27 $0.00 $1,634.39 $291,854.31
158 $291,854.31 $1,159.27 $0.00 $1,650.19 $294,663.77
159 $294,663.77 $1,159.27 $0.00 $1,666.07 $297,489.11
160 $297,489.11 $1,159.27 $0.00 $1,682.05 $300,330.43
161 $300,330.43 $1,159.27 $0.00 $1,698.11 $303,187.81
162 $303,187.81 $1,159.27 $0.00 $1,714.27 $306,061.35
163 $306,061.35 $1,159.27 $0.00 $1,730.52 $308,951.14
164 $308,951.14 $1,159.27 $0.00 $1,746.85 $311,857.26
165 $311,857.26 $1,159.27 $0.00 $1,763.29 $314,779.82
166 $314,779.82 $1,159.27 $0.00 $1,779.81 $317,718.90
167 $317,718.90 $1,159.27 $0.00 $1,796.43 $320,674.60
168 $320,674.60 $1,159.27 $0.00 $1,813.14 $323,647.01
169 $323,647.01 $1,159.27 $0.00 $1,829.95 $326,636.23
170 $326,636.23 $1,159.27 $0.00 $1,846.85 $329,642.35
171 $329,642.35 $1,159.27 $0.00 $1,863.85 $332,665.47
172 $332,665.47 $1,159.27 $0.00 $1,880.94 $335,705.68
173 $335,705.68 $1,159.27 $0.00 $1,898.13 $338,763.08
174 $338,763.08 $1,159.27 $0.00 $1,915.42 $341,837.77
175 $341,837.77 $1,159.27 $0.00 $1,932.80 $344,929.84
176 $344,929.84 $1,159.27 $0.00 $1,950.28 $348,039.39
177 $348,039.39 $1,159.27 $0.00 $1,967.87 $351,166.53
178 $351,166.53 $1,159.27 $0.00 $1,985.55 $354,311.35
179 $354,311.35 $1,159.27 $0.00 $2,003.33 $357,473.95
180 $357,473.95 $1,159.27 $0.00 $2,021.21 $360,654.43
181 $360,654.43 $1,159.27 $0.00 $2,039.19 $363,852.89
182 $363,852.89 $1,159.27 $0.00 $2,057.28 $367,069.44
183 $367,069.44 $1,159.27 $0.00 $2,075.46 $370,304.17
184 $370,304.17 $1,159.27 $0.00 $2,093.75 $373,557.19
185 $373,557.19 $1,159.27 $0.00 $2,112.15 $376,828.61
186 $376,828.61 $1,159.27 $0.00 $2,130.64 $380,118.52
187 $380,118.52 $1,159.27 $0.00 $2,149.25 $383,427.04
188 $383,427.04 $1,159.27 $0.00 $2,167.95 $386,754.26
189 $386,754.26 $1,159.27 $0.00 $2,186.76 $390,100.29
190 $390,100.29 $1,159.27 $0.00 $2,205.68 $393,465.24
191 $393,465.24 $1,159.27 $0.00 $2,224.71 $396,849.22
192 $396,849.22 $1,159.27 $0.00 $2,243.84 $400,252.33
193 $400,252.33 $1,159.27 $0.00 $2,263.08 $403,674.68
194 $403,674.68 $1,159.27 $0.00 $2,282.44 $407,116.39
195 $407,116.39 $1,159.27 $0.00 $2,301.90 $410,577.56
196 $410,577.56 $1,159.27 $0.00 $2,321.47 $414,058.30
197 $414,058.30 $1,159.27 $0.00 $2,341.15 $417,558.72
198 $417,558.72 $1,159.27 $0.00 $2,360.94 $421,078.93
199 $421,078.93 $1,159.27 $0.00 $2,380.84 $424,619.04
200 $424,619.04 $1,159.27 $0.00 $2,400.86 $428,179.17
201 $428,179.17 $1,159.27 $0.00 $2,420.99 $431,759.43
202 $431,759.43 $1,159.27 $0.00 $2,441.23 $435,359.93
203 $435,359.93 $1,159.27 $0.00 $2,461.59 $438,980.79
204 $438,980.79 $1,159.27 $0.00 $2,482.06 $442,622.12
205 $442,622.12 $1,159.27 $0.00 $2,502.65 $446,284.04
206 $446,284.04 $1,159.27 $0.00 $2,523.35 $449,966.66
207 $449,966.66 $1,159.27 $0.00 $2,544.18 $453,670.11
208 $453,670.11 $1,159.27 $0.00 $2,565.12 $457,394.50
209 $457,394.50 $1,159.27 $0.00 $2,586.18 $461,139.95
210 $461,139.95 $1,159.27 $0.00 $2,607.35 $464,906.57
211 $464,906.57 $1,159.27 $0.00 $2,628.65 $468,694.49
212 $468,694.49 $1,159.27 $0.00 $2,650.07 $472,503.83
213 $472,503.83 $1,159.27 $0.00 $2,671.61 $476,334.71
214 $476,334.71 $1,159.27 $0.00 $2,693.27 $480,187.25
215 $480,187.25 $1,159.27 $0.00 $2,715.05 $484,061.57
216 $484,061.57 $1,159.27 $0.00 $2,736.95 $487,957.79
217 $487,957.79 $1,159.27 $132,148.59 $2,758.98 $359,727.45
218 $359,727.45 $1,159.27 $0.00 $2,033.95 $362,920.67
219 $362,920.67 $1,159.27 $0.00 $2,052.01 $366,131.95
220 $366,131.95 $1,159.27 $0.00 $2,070.16 $369,361.38
221 $369,361.38 $1,159.27 $0.00 $2,088.42 $372,609.07
222 $372,609.07 $1,159.27 $0.00 $2,106.79 $375,875.13
223 $375,875.13 $1,159.27 $0.00 $2,125.25 $379,159.65
224 $379,159.65 $1,159.27 $0.00 $2,143.82 $382,462.74
225 $382,462.74 $1,159.27 $0.00 $2,162.50 $385,784.51
226 $385,784.51 $1,159.27 $0.00 $2,181.28 $389,125.06
227 $389,125.06 $1,159.27 $0.00 $2,200.17 $392,484.50
228 $392,484.50 $1,159.27 $0.00 $2,219.16 $395,862.93
229 $395,862.93 $1,159.27 $141,398.99 $2,238.27 $257,861.48
230 $257,861.48 $1,159.27 $0.00 $1,457.99 $260,478.74
231 $260,478.74 $1,159.27 $0.00 $1,472.78 $263,110.79
232 $263,110.79 $1,159.27 $0.00 $1,487.67 $265,757.73
233 $265,757.73 $1,159.27 $0.00 $1,502.63 $268,419.63
234 $268,419.63 $1,159.27 $0.00 $1,517.68 $271,096.58
235 $271,096.58 $1,159.27 $0.00 $1,532.82 $273,788.67
236 $273,788.67 $1,159.27 $0.00 $1,548.04 $276,495.98
237 $276,495.98 $1,159.27 $0.00 $1,563.35 $279,218.60
238 $279,218.60 $1,159.27 $0.00 $1,578.74 $281,956.61
239 $281,956.61 $1,159.27 $0.00 $1,594.22 $284,710.10
240 $284,710.10 $1,159.27 $0.00 $1,609.79 $287,479.16
241 $287,479.16 $1,159.27 $151,296.92 $1,625.45 $138,966.96
242 $138,966.96 $1,159.27 $0.00 $785.74 $140,911.97
243 $140,911.97 $1,159.27 $0.00 $796.74 $142,867.98
244 $142,867.98 $1,159.27 $0.00 $807.80 $144,835.05
245 $144,835.05 $1,159.27 $0.00 $818.92 $146,813.24
246 $146,813.24 $1,159.27 $0.00 $830.10 $148,802.61
247 $148,802.61 $1,159.27 $0.00 $841.35 $150,803.23
248 $150,803.23 $1,159.27 $0.00 $852.66 $152,815.16
249 $152,815.16 $1,159.27 $0.00 $864.04 $154,838.47
250 $154,838.47 $1,159.27 $0.00 $875.48 $156,873.22
251 $156,873.22 $1,159.27 $0.00 $886.98 $158,919.47
252 $158,919.47 $1,159.27 $0.00 $898.55 $160,977.29
253 $160,977.29 $0.00 $161,887.71 $910.19 -$0.23