Savings Plan and Future Cost Estimation for Blue Mountain College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$120,643
Monthly savings required$953

How much will it cost to send your child to Blue Mountain College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $482,570.67 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $953.48 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$32,157.00
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 $953.48 $0.00 $0.00 $953.48
2 $953.48 $953.48 $0.00 $5.39 $1,912.35
3 $1,912.35 $953.48 $0.00 $10.81 $2,876.64
4 $2,876.64 $953.48 $0.00 $16.26 $3,846.38
5 $3,846.38 $953.48 $0.00 $21.75 $4,821.61
6 $4,821.61 $953.48 $0.00 $27.26 $5,802.35
7 $5,802.35 $953.48 $0.00 $32.81 $6,788.64
8 $6,788.64 $953.48 $0.00 $38.38 $7,780.50
9 $7,780.50 $953.48 $0.00 $43.99 $8,777.97
10 $8,777.97 $953.48 $0.00 $49.63 $9,781.08
11 $9,781.08 $953.48 $0.00 $55.30 $10,789.86
12 $10,789.86 $953.48 $0.00 $61.01 $11,804.35
13 $11,804.35 $953.48 $0.00 $66.74 $12,824.57
14 $12,824.57 $953.48 $0.00 $72.51 $13,850.56
15 $13,850.56 $953.48 $0.00 $78.31 $14,882.35
16 $14,882.35 $953.48 $0.00 $84.15 $15,919.98
17 $15,919.98 $953.48 $0.00 $90.01 $16,963.47
18 $16,963.47 $953.48 $0.00 $95.91 $18,012.86
19 $18,012.86 $953.48 $0.00 $101.85 $19,068.19
20 $19,068.19 $953.48 $0.00 $107.81 $20,129.48
21 $20,129.48 $953.48 $0.00 $113.82 $21,196.78
22 $21,196.78 $953.48 $0.00 $119.85 $22,270.11
23 $22,270.11 $953.48 $0.00 $125.92 $23,349.51
24 $23,349.51 $953.48 $0.00 $132.02 $24,435.01
25 $24,435.01 $953.48 $0.00 $138.16 $25,526.65
26 $25,526.65 $953.48 $0.00 $144.33 $26,624.46
27 $26,624.46 $953.48 $0.00 $150.54 $27,728.48
28 $27,728.48 $953.48 $0.00 $156.78 $28,838.74
29 $28,838.74 $953.48 $0.00 $163.06 $29,955.28
30 $29,955.28 $953.48 $0.00 $169.37 $31,078.13
31 $31,078.13 $953.48 $0.00 $175.72 $32,207.33
32 $32,207.33 $953.48 $0.00 $182.10 $33,342.91
33 $33,342.91 $953.48 $0.00 $188.53 $34,484.92
34 $34,484.92 $953.48 $0.00 $194.98 $35,633.38
35 $35,633.38 $953.48 $0.00 $201.48 $36,788.34
36 $36,788.34 $953.48 $0.00 $208.01 $37,949.83
37 $37,949.83 $953.48 $0.00 $214.57 $39,117.88
38 $39,117.88 $953.48 $0.00 $221.18 $40,292.54
39 $40,292.54 $953.48 $0.00 $227.82 $41,473.84
40 $41,473.84 $953.48 $0.00 $234.50 $42,661.82
41 $42,661.82 $953.48 $0.00 $241.22 $43,856.52
42 $43,856.52 $953.48 $0.00 $247.97 $45,057.97
43 $45,057.97 $953.48 $0.00 $254.76 $46,266.21
44 $46,266.21 $953.48 $0.00 $261.60 $47,481.29
45 $47,481.29 $953.48 $0.00 $268.47 $48,703.24
46 $48,703.24 $953.48 $0.00 $275.38 $49,932.10
47 $49,932.10 $953.48 $0.00 $282.32 $51,167.90
48 $51,167.90 $953.48 $0.00 $289.31 $52,410.69
49 $52,410.69 $953.48 $0.00 $296.34 $53,660.51
50 $53,660.51 $953.48 $0.00 $303.40 $54,917.39
51 $54,917.39 $953.48 $0.00 $310.51 $56,181.38
52 $56,181.38 $953.48 $0.00 $317.66 $57,452.52
53 $57,452.52 $953.48 $0.00 $324.84 $58,730.84
54 $58,730.84 $953.48 $0.00 $332.07 $60,016.39
55 $60,016.39 $953.48 $0.00 $339.34 $61,309.21
56 $61,309.21 $953.48 $0.00 $346.65 $62,609.34
57 $62,609.34 $953.48 $0.00 $354.00 $63,916.82
58 $63,916.82 $953.48 $0.00 $361.39 $65,231.69
59 $65,231.69 $953.48 $0.00 $368.83 $66,554.00
60 $66,554.00 $953.48 $0.00 $376.31 $67,883.79
61 $67,883.79 $953.48 $0.00 $383.82 $69,221.09
62 $69,221.09 $953.48 $0.00 $391.39 $70,565.96
63 $70,565.96 $953.48 $0.00 $398.99 $71,918.43
64 $71,918.43 $953.48 $0.00 $406.64 $73,278.55
65 $73,278.55 $953.48 $0.00 $414.33 $74,646.36
66 $74,646.36 $953.48 $0.00 $422.06 $76,021.90
67 $76,021.90 $953.48 $0.00 $429.84 $77,405.22
68 $77,405.22 $953.48 $0.00 $437.66 $78,796.36
69 $78,796.36 $953.48 $0.00 $445.53 $80,195.37
70 $80,195.37 $953.48 $0.00 $453.44 $81,602.29
71 $81,602.29 $953.48 $0.00 $461.39 $83,017.16
72 $83,017.16 $953.48 $0.00 $469.39 $84,440.03
73 $84,440.03 $953.48 $0.00 $477.44 $85,870.95
74 $85,870.95 $953.48 $0.00 $485.53 $87,309.96
75 $87,309.96 $953.48 $0.00 $493.66 $88,757.10
76 $88,757.10 $953.48 $0.00 $501.85 $90,212.43
77 $90,212.43 $953.48 $0.00 $510.07 $91,675.98
78 $91,675.98 $953.48 $0.00 $518.35 $93,147.81
79 $93,147.81 $953.48 $0.00 $526.67 $94,627.96
80 $94,627.96 $953.48 $0.00 $535.04 $96,116.48
81 $96,116.48 $953.48 $0.00 $543.46 $97,613.42
82 $97,613.42 $953.48 $0.00 $551.92 $99,118.82
83 $99,118.82 $953.48 $0.00 $560.43 $100,632.73
84 $100,632.73 $953.48 $0.00 $568.99 $102,155.20
85 $102,155.20 $953.48 $0.00 $577.60 $103,686.28
86 $103,686.28 $953.48 $0.00 $586.26 $105,226.02
87 $105,226.02 $953.48 $0.00 $594.96 $106,774.46
88 $106,774.46 $953.48 $0.00 $603.72 $108,331.66
89 $108,331.66 $953.48 $0.00 $612.52 $109,897.66
90 $109,897.66 $953.48 $0.00 $621.38 $111,472.52
91 $111,472.52 $953.48 $0.00 $630.28 $113,056.28
92 $113,056.28 $953.48 $0.00 $639.24 $114,649.00
93 $114,649.00 $953.48 $0.00 $648.24 $116,250.72
94 $116,250.72 $953.48 $0.00 $657.30 $117,861.50
95 $117,861.50 $953.48 $0.00 $666.41 $119,481.39
96 $119,481.39 $953.48 $0.00 $675.57 $121,110.44
97 $121,110.44 $953.48 $0.00 $684.78 $122,748.70
98 $122,748.70 $953.48 $0.00 $694.04 $124,396.22
99 $124,396.22 $953.48 $0.00 $703.35 $126,053.05
100 $126,053.05 $953.48 $0.00 $712.72 $127,719.25
101 $127,719.25 $953.48 $0.00 $722.14 $129,394.87
102 $129,394.87 $953.48 $0.00 $731.62 $131,079.97
103 $131,079.97 $953.48 $0.00 $741.15 $132,774.60
104 $132,774.60 $953.48 $0.00 $750.73 $134,478.81
105 $134,478.81 $953.48 $0.00 $760.36 $136,192.65
106 $136,192.65 $953.48 $0.00 $770.05 $137,916.18
107 $137,916.18 $953.48 $0.00 $779.80 $139,649.46
108 $139,649.46 $953.48 $0.00 $789.60 $141,392.54
109 $141,392.54 $953.48 $0.00 $799.45 $143,145.47
110 $143,145.47 $953.48 $0.00 $809.37 $144,908.32
111 $144,908.32 $953.48 $0.00 $819.33 $146,681.13
112 $146,681.13 $953.48 $0.00 $829.36 $148,463.97
113 $148,463.97 $953.48 $0.00 $839.44 $150,256.89
114 $150,256.89 $953.48 $0.00 $849.57 $152,059.94
115 $152,059.94 $953.48 $0.00 $859.77 $153,873.19
116 $153,873.19 $953.48 $0.00 $870.02 $155,696.69
117 $155,696.69 $953.48 $0.00 $880.33 $157,530.50
118 $157,530.50 $953.48 $0.00 $890.70 $159,374.68
119 $159,374.68 $953.48 $0.00 $901.13 $161,229.29
120 $161,229.29 $953.48 $0.00 $911.61 $163,094.38
121 $163,094.38 $953.48 $0.00 $922.16 $164,970.02
122 $164,970.02 $953.48 $0.00 $932.76 $166,856.26
123 $166,856.26 $953.48 $0.00 $943.43 $168,753.17
124 $168,753.17 $953.48 $0.00 $954.15 $170,660.80
125 $170,660.80 $953.48 $0.00 $964.94 $172,579.22
126 $172,579.22 $953.48 $0.00 $975.79 $174,508.49
127 $174,508.49 $953.48 $0.00 $986.70 $176,448.67
128 $176,448.67 $953.48 $0.00 $997.67 $178,399.82
129 $178,399.82 $953.48 $0.00 $1,008.70 $180,362.00
130 $180,362.00 $953.48 $0.00 $1,019.79 $182,335.27
131 $182,335.27 $953.48 $0.00 $1,030.95 $184,319.70
132 $184,319.70 $953.48 $0.00 $1,042.17 $186,315.35
133 $186,315.35 $953.48 $0.00 $1,053.45 $188,322.28
134 $188,322.28 $953.48 $0.00 $1,064.80 $190,340.56
135 $190,340.56 $953.48 $0.00 $1,076.21 $192,370.25
136 $192,370.25 $953.48 $0.00 $1,087.69 $194,411.42
137 $194,411.42 $953.48 $0.00 $1,099.23 $196,464.13
138 $196,464.13 $953.48 $0.00 $1,110.84 $198,528.45
139 $198,528.45 $953.48 $0.00 $1,122.51 $200,604.44
140 $200,604.44 $953.48 $0.00 $1,134.25 $202,692.17
141 $202,692.17 $953.48 $0.00 $1,146.05 $204,791.70
142 $204,791.70 $953.48 $0.00 $1,157.92 $206,903.10
143 $206,903.10 $953.48 $0.00 $1,169.86 $209,026.44
144 $209,026.44 $953.48 $0.00 $1,181.87 $211,161.79
145 $211,161.79 $953.48 $0.00 $1,193.94 $213,309.21
146 $213,309.21 $953.48 $0.00 $1,206.08 $215,468.77
147 $215,468.77 $953.48 $0.00 $1,218.29 $217,640.54
148 $217,640.54 $953.48 $0.00 $1,230.57 $219,824.59
149 $219,824.59 $953.48 $0.00 $1,242.92 $222,020.99
150 $222,020.99 $953.48 $0.00 $1,255.34 $224,229.81
151 $224,229.81 $953.48 $0.00 $1,267.83 $226,451.12
152 $226,451.12 $953.48 $0.00 $1,280.39 $228,684.99
153 $228,684.99 $953.48 $0.00 $1,293.02 $230,931.49
154 $230,931.49 $953.48 $0.00 $1,305.72 $233,190.69
155 $233,190.69 $953.48 $0.00 $1,318.49 $235,462.66
156 $235,462.66 $953.48 $0.00 $1,331.34 $237,747.48
157 $237,747.48 $953.48 $0.00 $1,344.26 $240,045.22
158 $240,045.22 $953.48 $0.00 $1,357.25 $242,355.95
159 $242,355.95 $953.48 $0.00 $1,370.32 $244,679.75
160 $244,679.75 $953.48 $0.00 $1,383.45 $247,016.68
161 $247,016.68 $953.48 $0.00 $1,396.67 $249,366.83
162 $249,366.83 $953.48 $0.00 $1,409.96 $251,730.27
163 $251,730.27 $953.48 $0.00 $1,423.32 $254,107.07
164 $254,107.07 $953.48 $0.00 $1,436.76 $256,497.31
165 $256,497.31 $953.48 $0.00 $1,450.27 $258,901.06
166 $258,901.06 $953.48 $0.00 $1,463.86 $261,318.40
167 $261,318.40 $953.48 $0.00 $1,477.53 $263,749.41
168 $263,749.41 $953.48 $0.00 $1,491.28 $266,194.17
169 $266,194.17 $953.48 $0.00 $1,505.10 $268,652.75
170 $268,652.75 $953.48 $0.00 $1,519.00 $271,125.23
171 $271,125.23 $953.48 $0.00 $1,532.98 $273,611.69
172 $273,611.69 $953.48 $0.00 $1,547.04 $276,112.21
173 $276,112.21 $953.48 $0.00 $1,561.18 $278,626.87
174 $278,626.87 $953.48 $0.00 $1,575.40 $281,155.75
175 $281,155.75 $953.48 $0.00 $1,589.70 $283,698.93
176 $283,698.93 $953.48 $0.00 $1,604.07 $286,256.48
177 $286,256.48 $953.48 $0.00 $1,618.54 $288,828.50
178 $288,828.50 $953.48 $0.00 $1,633.08 $291,415.06
179 $291,415.06 $953.48 $0.00 $1,647.70 $294,016.24
180 $294,016.24 $953.48 $0.00 $1,662.41 $296,632.13
181 $296,632.13 $953.48 $0.00 $1,677.20 $299,262.81
182 $299,262.81 $953.48 $0.00 $1,692.08 $301,908.37
183 $301,908.37 $953.48 $0.00 $1,707.03 $304,568.88
184 $304,568.88 $953.48 $0.00 $1,722.08 $307,244.44
185 $307,244.44 $953.48 $0.00 $1,737.20 $309,935.12
186 $309,935.12 $953.48 $0.00 $1,752.42 $312,641.02
187 $312,641.02 $953.48 $0.00 $1,767.72 $315,362.22
188 $315,362.22 $953.48 $0.00 $1,783.10 $318,098.80
189 $318,098.80 $953.48 $0.00 $1,798.58 $320,850.86
190 $320,850.86 $953.48 $0.00 $1,814.14 $323,618.48
191 $323,618.48 $953.48 $0.00 $1,829.79 $326,401.75
192 $326,401.75 $953.48 $0.00 $1,845.52 $329,200.75
193 $329,200.75 $953.48 $0.00 $1,861.35 $332,015.58
194 $332,015.58 $953.48 $0.00 $1,877.26 $334,846.32
195 $334,846.32 $953.48 $0.00 $1,893.27 $337,693.07
196 $337,693.07 $953.48 $0.00 $1,909.37 $340,555.92
197 $340,555.92 $953.48 $0.00 $1,925.55 $343,434.95
198 $343,434.95 $953.48 $0.00 $1,941.83 $346,330.26
199 $346,330.26 $953.48 $0.00 $1,958.20 $349,241.94
200 $349,241.94 $953.48 $0.00 $1,974.66 $352,170.08
201 $352,170.08 $953.48 $0.00 $1,991.22 $355,114.78
202 $355,114.78 $953.48 $0.00 $2,007.87 $358,076.13
203 $358,076.13 $953.48 $0.00 $2,024.61 $361,054.22
204 $361,054.22 $953.48 $0.00 $2,041.45 $364,049.15
205 $364,049.15 $953.48 $0.00 $2,058.39 $367,061.02
206 $367,061.02 $953.48 $0.00 $2,075.42 $370,089.92
207 $370,089.92 $953.48 $0.00 $2,092.54 $373,135.94
208 $373,135.94 $953.48 $0.00 $2,109.76 $376,199.18
209 $376,199.18 $953.48 $0.00 $2,127.08 $379,279.74
210 $379,279.74 $953.48 $0.00 $2,144.50 $382,377.72
211 $382,377.72 $953.48 $0.00 $2,162.02 $385,493.22
212 $385,493.22 $953.48 $0.00 $2,179.63 $388,626.33
213 $388,626.33 $953.48 $0.00 $2,197.35 $391,777.16
214 $391,777.16 $953.48 $0.00 $2,215.17 $394,945.81
215 $394,945.81 $953.48 $0.00 $2,233.08 $398,132.37
216 $398,132.37 $953.48 $0.00 $2,251.10 $401,336.95
217 $401,336.95 $953.48 $108,688.48 $2,269.22 $295,871.17
218 $295,871.17 $953.48 $0.00 $1,672.90 $298,497.55
219 $298,497.55 $953.48 $0.00 $1,687.75 $301,138.78
220 $301,138.78 $953.48 $0.00 $1,702.68 $303,794.94
221 $303,794.94 $953.48 $0.00 $1,717.70 $306,466.12
222 $306,466.12 $953.48 $0.00 $1,732.80 $309,152.40
223 $309,152.40 $953.48 $0.00 $1,747.99 $311,853.87
224 $311,853.87 $953.48 $0.00 $1,763.27 $314,570.62
225 $314,570.62 $953.48 $0.00 $1,778.63 $317,302.73
226 $317,302.73 $953.48 $0.00 $1,794.08 $320,050.29
227 $320,050.29 $953.48 $0.00 $1,809.61 $322,813.38
228 $322,813.38 $953.48 $0.00 $1,825.23 $325,592.09
229 $325,592.09 $953.48 $116,296.68 $1,840.95 $212,089.84
230 $212,089.84 $953.48 $0.00 $1,199.19 $214,242.51
231 $214,242.51 $953.48 $0.00 $1,211.36 $216,407.35
232 $216,407.35 $953.48 $0.00 $1,223.60 $218,584.43
233 $218,584.43 $953.48 $0.00 $1,235.91 $220,773.82
234 $220,773.82 $953.48 $0.00 $1,248.29 $222,975.59
235 $222,975.59 $953.48 $0.00 $1,260.74 $225,189.81
236 $225,189.81 $953.48 $0.00 $1,273.26 $227,416.55
237 $227,416.55 $953.48 $0.00 $1,285.85 $229,655.88
238 $229,655.88 $953.48 $0.00 $1,298.51 $231,907.87
239 $231,907.87 $953.48 $0.00 $1,311.24 $234,172.59
240 $234,172.59 $953.48 $0.00 $1,324.05 $236,450.12
241 $236,450.12 $953.48 $124,437.44 $1,336.92 $114,303.08
242 $114,303.08 $953.48 $0.00 $646.29 $115,902.85
243 $115,902.85 $953.48 $0.00 $655.33 $117,511.66
244 $117,511.66 $953.48 $0.00 $664.43 $119,129.57
245 $119,129.57 $953.48 $0.00 $673.58 $120,756.63
246 $120,756.63 $953.48 $0.00 $682.78 $122,392.89
247 $122,392.89 $953.48 $0.00 $692.03 $124,038.40
248 $124,038.40 $953.48 $0.00 $701.33 $125,693.21
249 $125,693.21 $953.48 $0.00 $710.69 $127,357.38
250 $127,357.38 $953.48 $0.00 $720.10 $129,030.96
251 $129,030.96 $953.48 $0.00 $729.56 $130,714.00
252 $130,714.00 $953.48 $0.00 $739.08 $132,406.56
253 $132,406.56 $0.00 $133,148.06 $748.65 $7.15