Savings Plan and Future Cost Estimation for Carleton College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$305,199
Monthly savings required$2,412

How much will it cost to send your child to Carleton College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $1,220,795.59 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $2,412.05 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$81,350.00
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 $2,412.05 $0.00 $0.00 $2,412.05
2 $2,412.05 $2,412.05 $0.00 $13.64 $4,837.74
3 $4,837.74 $2,412.05 $0.00 $27.35 $7,277.14
4 $7,277.14 $2,412.05 $0.00 $41.15 $9,730.34
5 $9,730.34 $2,412.05 $0.00 $55.02 $12,197.41
6 $12,197.41 $2,412.05 $0.00 $68.97 $14,678.43
7 $14,678.43 $2,412.05 $0.00 $82.99 $17,173.47
8 $17,173.47 $2,412.05 $0.00 $97.10 $19,682.62
9 $19,682.62 $2,412.05 $0.00 $111.29 $22,205.96
10 $22,205.96 $2,412.05 $0.00 $125.56 $24,743.57
11 $24,743.57 $2,412.05 $0.00 $139.90 $27,295.52
12 $27,295.52 $2,412.05 $0.00 $154.33 $29,861.90
13 $29,861.90 $2,412.05 $0.00 $168.84 $32,442.79
14 $32,442.79 $2,412.05 $0.00 $183.44 $35,038.28
15 $35,038.28 $2,412.05 $0.00 $198.11 $37,648.44
16 $37,648.44 $2,412.05 $0.00 $212.87 $40,273.36
17 $40,273.36 $2,412.05 $0.00 $227.71 $42,913.12
18 $42,913.12 $2,412.05 $0.00 $242.64 $45,567.81
19 $45,567.81 $2,412.05 $0.00 $257.65 $48,237.51
20 $48,237.51 $2,412.05 $0.00 $272.74 $50,922.30
21 $50,922.30 $2,412.05 $0.00 $287.92 $53,622.27
22 $53,622.27 $2,412.05 $0.00 $303.19 $56,337.51
23 $56,337.51 $2,412.05 $0.00 $318.54 $59,068.10
24 $59,068.10 $2,412.05 $0.00 $333.98 $61,814.13
25 $61,814.13 $2,412.05 $0.00 $349.51 $64,575.69
26 $64,575.69 $2,412.05 $0.00 $365.12 $67,352.86
27 $67,352.86 $2,412.05 $0.00 $380.82 $70,145.73
28 $70,145.73 $2,412.05 $0.00 $396.61 $72,954.39
29 $72,954.39 $2,412.05 $0.00 $412.49 $75,778.93
30 $75,778.93 $2,412.05 $0.00 $428.47 $78,619.45
31 $78,619.45 $2,412.05 $0.00 $444.53 $81,476.03
32 $81,476.03 $2,412.05 $0.00 $460.68 $84,348.76
33 $84,348.76 $2,412.05 $0.00 $476.92 $87,237.73
34 $87,237.73 $2,412.05 $0.00 $493.25 $90,143.03
35 $90,143.03 $2,412.05 $0.00 $509.68 $93,064.76
36 $93,064.76 $2,412.05 $0.00 $526.20 $96,003.01
37 $96,003.01 $2,412.05 $0.00 $542.81 $98,957.87
38 $98,957.87 $2,412.05 $0.00 $559.52 $101,929.44
39 $101,929.44 $2,412.05 $0.00 $576.32 $104,917.81
40 $104,917.81 $2,412.05 $0.00 $593.22 $107,923.08
41 $107,923.08 $2,412.05 $0.00 $610.21 $110,945.34
42 $110,945.34 $2,412.05 $0.00 $627.30 $113,984.69
43 $113,984.69 $2,412.05 $0.00 $644.49 $117,041.23
44 $117,041.23 $2,412.05 $0.00 $661.77 $120,115.05
45 $120,115.05 $2,412.05 $0.00 $679.15 $123,206.25
46 $123,206.25 $2,412.05 $0.00 $696.63 $126,314.93
47 $126,314.93 $2,412.05 $0.00 $714.20 $129,441.18
48 $129,441.18 $2,412.05 $0.00 $731.88 $132,585.11
49 $132,585.11 $2,412.05 $0.00 $749.66 $135,746.82
50 $135,746.82 $2,412.05 $0.00 $767.53 $138,926.40
51 $138,926.40 $2,412.05 $0.00 $785.51 $142,123.96
52 $142,123.96 $2,412.05 $0.00 $803.59 $145,339.60
53 $145,339.60 $2,412.05 $0.00 $821.77 $148,573.42
54 $148,573.42 $2,412.05 $0.00 $840.06 $151,825.53
55 $151,825.53 $2,412.05 $0.00 $858.44 $155,096.02
56 $155,096.02 $2,412.05 $0.00 $876.94 $158,385.01
57 $158,385.01 $2,412.05 $0.00 $895.53 $161,692.59
58 $161,692.59 $2,412.05 $0.00 $914.23 $165,018.87
59 $165,018.87 $2,412.05 $0.00 $933.04 $168,363.96
60 $168,363.96 $2,412.05 $0.00 $951.95 $171,727.96
61 $171,727.96 $2,412.05 $0.00 $970.97 $175,110.98
62 $175,110.98 $2,412.05 $0.00 $990.10 $178,513.13
63 $178,513.13 $2,412.05 $0.00 $1,009.34 $181,934.52
64 $181,934.52 $2,412.05 $0.00 $1,028.68 $185,375.25
65 $185,375.25 $2,412.05 $0.00 $1,048.14 $188,835.44
66 $188,835.44 $2,412.05 $0.00 $1,067.70 $192,315.19
67 $192,315.19 $2,412.05 $0.00 $1,087.38 $195,814.62
68 $195,814.62 $2,412.05 $0.00 $1,107.16 $199,333.83
69 $199,333.83 $2,412.05 $0.00 $1,127.06 $202,872.94
70 $202,872.94 $2,412.05 $0.00 $1,147.07 $206,432.06
71 $206,432.06 $2,412.05 $0.00 $1,167.20 $210,011.31
72 $210,011.31 $2,412.05 $0.00 $1,187.43 $213,610.79
73 $213,610.79 $2,412.05 $0.00 $1,207.79 $217,230.63
74 $217,230.63 $2,412.05 $0.00 $1,228.25 $220,870.93
75 $220,870.93 $2,412.05 $0.00 $1,248.84 $224,531.82
76 $224,531.82 $2,412.05 $0.00 $1,269.54 $228,213.41
77 $228,213.41 $2,412.05 $0.00 $1,290.35 $231,915.81
78 $231,915.81 $2,412.05 $0.00 $1,311.29 $235,639.15
79 $235,639.15 $2,412.05 $0.00 $1,332.34 $239,383.54
80 $239,383.54 $2,412.05 $0.00 $1,353.51 $243,149.10
81 $243,149.10 $2,412.05 $0.00 $1,374.80 $246,935.95
82 $246,935.95 $2,412.05 $0.00 $1,396.21 $250,744.21
83 $250,744.21 $2,412.05 $0.00 $1,417.74 $254,574.00
84 $254,574.00 $2,412.05 $0.00 $1,439.40 $258,425.45
85 $258,425.45 $2,412.05 $0.00 $1,461.18 $262,298.68
86 $262,298.68 $2,412.05 $0.00 $1,483.07 $266,193.80
87 $266,193.80 $2,412.05 $0.00 $1,505.10 $270,110.95
88 $270,110.95 $2,412.05 $0.00 $1,527.25 $274,050.25
89 $274,050.25 $2,412.05 $0.00 $1,549.52 $278,011.82
90 $278,011.82 $2,412.05 $0.00 $1,571.92 $281,995.79
91 $281,995.79 $2,412.05 $0.00 $1,594.45 $286,002.29
92 $286,002.29 $2,412.05 $0.00 $1,617.10 $290,031.44
93 $290,031.44 $2,412.05 $0.00 $1,639.88 $294,083.37
94 $294,083.37 $2,412.05 $0.00 $1,662.79 $298,158.21
95 $298,158.21 $2,412.05 $0.00 $1,685.83 $302,256.09
96 $302,256.09 $2,412.05 $0.00 $1,709.00 $306,377.14
97 $306,377.14 $2,412.05 $0.00 $1,732.30 $310,521.49
98 $310,521.49 $2,412.05 $0.00 $1,755.73 $314,689.27
99 $314,689.27 $2,412.05 $0.00 $1,779.30 $318,880.62
100 $318,880.62 $2,412.05 $0.00 $1,803.00 $323,095.67
101 $323,095.67 $2,412.05 $0.00 $1,826.83 $327,334.55
102 $327,334.55 $2,412.05 $0.00 $1,850.80 $331,597.40
103 $331,597.40 $2,412.05 $0.00 $1,874.90 $335,884.35
104 $335,884.35 $2,412.05 $0.00 $1,899.14 $340,195.54
105 $340,195.54 $2,412.05 $0.00 $1,923.52 $344,531.11
106 $344,531.11 $2,412.05 $0.00 $1,948.03 $348,891.19
107 $348,891.19 $2,412.05 $0.00 $1,972.68 $353,275.92
108 $353,275.92 $2,412.05 $0.00 $1,997.47 $357,685.44
109 $357,685.44 $2,412.05 $0.00 $2,022.41 $362,119.90
110 $362,119.90 $2,412.05 $0.00 $2,047.48 $366,579.43
111 $366,579.43 $2,412.05 $0.00 $2,072.69 $371,064.17
112 $371,064.17 $2,412.05 $0.00 $2,098.05 $375,574.27
113 $375,574.27 $2,412.05 $0.00 $2,123.55 $380,109.87
114 $380,109.87 $2,412.05 $0.00 $2,149.20 $384,671.12
115 $384,671.12 $2,412.05 $0.00 $2,174.99 $389,258.16
116 $389,258.16 $2,412.05 $0.00 $2,200.92 $393,871.13
117 $393,871.13 $2,412.05 $0.00 $2,227.00 $398,510.18
118 $398,510.18 $2,412.05 $0.00 $2,253.23 $403,175.46
119 $403,175.46 $2,412.05 $0.00 $2,279.61 $407,867.12
120 $407,867.12 $2,412.05 $0.00 $2,306.14 $412,585.31
121 $412,585.31 $2,412.05 $0.00 $2,332.82 $417,330.18
122 $417,330.18 $2,412.05 $0.00 $2,359.65 $422,101.88
123 $422,101.88 $2,412.05 $0.00 $2,386.63 $426,900.56
124 $426,900.56 $2,412.05 $0.00 $2,413.76 $431,726.37
125 $431,726.37 $2,412.05 $0.00 $2,441.04 $436,579.46
126 $436,579.46 $2,412.05 $0.00 $2,468.48 $441,459.99
127 $441,459.99 $2,412.05 $0.00 $2,496.08 $446,368.12
128 $446,368.12 $2,412.05 $0.00 $2,523.83 $451,304.00
129 $451,304.00 $2,412.05 $0.00 $2,551.74 $456,267.79
130 $456,267.79 $2,412.05 $0.00 $2,579.80 $461,259.64
131 $461,259.64 $2,412.05 $0.00 $2,608.03 $466,279.72
132 $466,279.72 $2,412.05 $0.00 $2,636.41 $471,328.18
133 $471,328.18 $2,412.05 $0.00 $2,664.96 $476,405.19
134 $476,405.19 $2,412.05 $0.00 $2,693.66 $481,510.90
135 $481,510.90 $2,412.05 $0.00 $2,722.53 $486,645.48
136 $486,645.48 $2,412.05 $0.00 $2,751.56 $491,809.09
137 $491,809.09 $2,412.05 $0.00 $2,780.76 $497,001.90
138 $497,001.90 $2,412.05 $0.00 $2,810.12 $502,224.07
139 $502,224.07 $2,412.05 $0.00 $2,839.65 $507,475.77
140 $507,475.77 $2,412.05 $0.00 $2,869.34 $512,757.16
141 $512,757.16 $2,412.05 $0.00 $2,899.20 $518,068.41
142 $518,068.41 $2,412.05 $0.00 $2,929.23 $523,409.69
143 $523,409.69 $2,412.05 $0.00 $2,959.43 $528,781.17
144 $528,781.17 $2,412.05 $0.00 $2,989.81 $534,183.03
145 $534,183.03 $2,412.05 $0.00 $3,020.35 $539,615.43
146 $539,615.43 $2,412.05 $0.00 $3,051.06 $545,078.54
147 $545,078.54 $2,412.05 $0.00 $3,081.95 $550,572.54
148 $550,572.54 $2,412.05 $0.00 $3,113.02 $556,097.61
149 $556,097.61 $2,412.05 $0.00 $3,144.26 $561,653.92
150 $561,653.92 $2,412.05 $0.00 $3,175.67 $567,241.64
151 $567,241.64 $2,412.05 $0.00 $3,207.27 $572,860.96
152 $572,860.96 $2,412.05 $0.00 $3,239.04 $578,512.05
153 $578,512.05 $2,412.05 $0.00 $3,270.99 $584,195.09
154 $584,195.09 $2,412.05 $0.00 $3,303.12 $589,910.26
155 $589,910.26 $2,412.05 $0.00 $3,335.44 $595,657.75
156 $595,657.75 $2,412.05 $0.00 $3,367.94 $601,437.74
157 $601,437.74 $2,412.05 $0.00 $3,400.62 $607,250.41
158 $607,250.41 $2,412.05 $0.00 $3,433.48 $613,095.94
159 $613,095.94 $2,412.05 $0.00 $3,466.53 $618,974.52
160 $618,974.52 $2,412.05 $0.00 $3,499.77 $624,886.34
161 $624,886.34 $2,412.05 $0.00 $3,533.20 $630,831.59
162 $630,831.59 $2,412.05 $0.00 $3,566.81 $636,810.45
163 $636,810.45 $2,412.05 $0.00 $3,600.62 $642,823.12
164 $642,823.12 $2,412.05 $0.00 $3,634.62 $648,869.79
165 $648,869.79 $2,412.05 $0.00 $3,668.80 $654,950.64
166 $654,950.64 $2,412.05 $0.00 $3,703.19 $661,065.88
167 $661,065.88 $2,412.05 $0.00 $3,737.76 $667,215.69
168 $667,215.69 $2,412.05 $0.00 $3,772.53 $673,400.27
169 $673,400.27 $2,412.05 $0.00 $3,807.50 $679,619.82
170 $679,619.82 $2,412.05 $0.00 $3,842.67 $685,874.54
171 $685,874.54 $2,412.05 $0.00 $3,878.03 $692,164.62
172 $692,164.62 $2,412.05 $0.00 $3,913.60 $698,490.27
173 $698,490.27 $2,412.05 $0.00 $3,949.37 $704,851.69
174 $704,851.69 $2,412.05 $0.00 $3,985.33 $711,249.07
175 $711,249.07 $2,412.05 $0.00 $4,021.51 $717,682.63
176 $717,682.63 $2,412.05 $0.00 $4,057.88 $724,152.56
177 $724,152.56 $2,412.05 $0.00 $4,094.46 $730,659.07
178 $730,659.07 $2,412.05 $0.00 $4,131.25 $737,202.37
179 $737,202.37 $2,412.05 $0.00 $4,168.25 $743,782.67
180 $743,782.67 $2,412.05 $0.00 $4,205.46 $750,400.18
181 $750,400.18 $2,412.05 $0.00 $4,242.87 $757,055.10
182 $757,055.10 $2,412.05 $0.00 $4,280.50 $763,747.65
183 $763,747.65 $2,412.05 $0.00 $4,318.34 $770,478.04
184 $770,478.04 $2,412.05 $0.00 $4,356.39 $777,246.48
185 $777,246.48 $2,412.05 $0.00 $4,394.66 $784,053.19
186 $784,053.19 $2,412.05 $0.00 $4,433.15 $790,898.39
187 $790,898.39 $2,412.05 $0.00 $4,471.85 $797,782.29
188 $797,782.29 $2,412.05 $0.00 $4,510.78 $804,705.12
189 $804,705.12 $2,412.05 $0.00 $4,549.92 $811,667.09
190 $811,667.09 $2,412.05 $0.00 $4,589.28 $818,668.42
191 $818,668.42 $2,412.05 $0.00 $4,628.87 $825,709.34
192 $825,709.34 $2,412.05 $0.00 $4,668.68 $832,790.07
193 $832,790.07 $2,412.05 $0.00 $4,708.72 $839,910.84
194 $839,910.84 $2,412.05 $0.00 $4,748.98 $847,071.87
195 $847,071.87 $2,412.05 $0.00 $4,789.47 $854,273.39
196 $854,273.39 $2,412.05 $0.00 $4,830.19 $861,515.63
197 $861,515.63 $2,412.05 $0.00 $4,871.13 $868,798.81
198 $868,798.81 $2,412.05 $0.00 $4,912.31 $876,123.17
199 $876,123.17 $2,412.05 $0.00 $4,953.73 $883,488.95
200 $883,488.95 $2,412.05 $0.00 $4,995.37 $890,896.37
201 $890,896.37 $2,412.05 $0.00 $5,037.26 $898,345.68
202 $898,345.68 $2,412.05 $0.00 $5,079.38 $905,837.11
203 $905,837.11 $2,412.05 $0.00 $5,121.73 $913,370.89
204 $913,370.89 $2,412.05 $0.00 $5,164.33 $920,947.27
205 $920,947.27 $2,412.05 $0.00 $5,207.17 $928,566.49
206 $928,566.49 $2,412.05 $0.00 $5,250.25 $936,228.79
207 $936,228.79 $2,412.05 $0.00 $5,293.57 $943,934.41
208 $943,934.41 $2,412.05 $0.00 $5,337.14 $951,683.60
209 $951,683.60 $2,412.05 $0.00 $5,380.96 $959,476.61
210 $959,476.61 $2,412.05 $0.00 $5,425.02 $967,313.68
211 $967,313.68 $2,412.05 $0.00 $5,469.33 $975,195.06
212 $975,195.06 $2,412.05 $0.00 $5,513.89 $983,121.00
213 $983,121.00 $2,412.05 $0.00 $5,558.71 $991,091.76
214 $991,091.76 $2,412.05 $0.00 $5,603.78 $999,107.59
215 $999,107.59 $2,412.05 $0.00 $5,649.10 $1,007,168.74
216 $1,007,168.74 $2,412.05 $0.00 $5,694.68 $1,015,275.47
217 $1,015,275.47 $2,412.05 $274,957.49 $5,740.52 $748,470.55
218 $748,470.55 $2,412.05 $0.00 $4,231.96 $755,114.56
219 $755,114.56 $2,412.05 $0.00 $4,269.53 $761,796.14
220 $761,796.14 $2,412.05 $0.00 $4,307.31 $768,515.50
221 $768,515.50 $2,412.05 $0.00 $4,345.30 $775,272.85
222 $775,272.85 $2,412.05 $0.00 $4,383.51 $782,068.41
223 $782,068.41 $2,412.05 $0.00 $4,421.93 $788,902.39
224 $788,902.39 $2,412.05 $0.00 $4,460.57 $795,775.01
225 $795,775.01 $2,412.05 $0.00 $4,499.43 $802,686.49
226 $802,686.49 $2,412.05 $0.00 $4,538.51 $809,637.05
227 $809,637.05 $2,412.05 $0.00 $4,577.81 $816,626.91
228 $816,626.91 $2,412.05 $0.00 $4,617.33 $823,656.29
229 $823,656.29 $2,412.05 $294,204.51 $4,657.07 $536,520.90
230 $536,520.90 $2,412.05 $0.00 $3,033.57 $541,966.52
231 $541,966.52 $2,412.05 $0.00 $3,064.36 $547,442.93
232 $547,442.93 $2,412.05 $0.00 $3,095.32 $552,950.30
233 $552,950.30 $2,412.05 $0.00 $3,126.46 $558,488.81
234 $558,488.81 $2,412.05 $0.00 $3,157.78 $564,058.64
235 $564,058.64 $2,412.05 $0.00 $3,189.27 $569,659.96
236 $569,659.96 $2,412.05 $0.00 $3,220.94 $575,292.95
237 $575,292.95 $2,412.05 $0.00 $3,252.79 $580,957.79
238 $580,957.79 $2,412.05 $0.00 $3,284.82 $586,654.66
239 $586,654.66 $2,412.05 $0.00 $3,317.03 $592,383.74
240 $592,383.74 $2,412.05 $0.00 $3,349.42 $598,145.21
241 $598,145.21 $2,412.05 $314,798.83 $3,382.00 $289,140.43
242 $289,140.43 $2,412.05 $0.00 $1,634.84 $293,187.32
243 $293,187.32 $2,412.05 $0.00 $1,657.72 $297,257.09
244 $297,257.09 $2,412.05 $0.00 $1,680.73 $301,349.87
245 $301,349.87 $2,412.05 $0.00 $1,703.88 $305,465.80
246 $305,465.80 $2,412.05 $0.00 $1,727.15 $309,605.00
247 $309,605.00 $2,412.05 $0.00 $1,750.55 $313,767.60
248 $313,767.60 $2,412.05 $0.00 $1,774.09 $317,953.74
249 $317,953.74 $2,412.05 $0.00 $1,797.76 $322,163.55
250 $322,163.55 $2,412.05 $0.00 $1,821.56 $326,397.16
251 $326,397.16 $2,412.05 $0.00 $1,845.50 $330,654.71
252 $330,654.71 $2,412.05 $0.00 $1,869.57 $334,936.33
253 $334,936.33 $0.00 $336,834.75 $1,893.78 -$4.64