Savings Plan and Future Cost Estimation for Rust College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$69,781
Monthly savings required$552

How much will it cost to send your child to Rust College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $279,124.74 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $551.50 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$18,600.00
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 $551.50 $0.00 $0.00 $551.50
2 $551.50 $551.50 $0.00 $3.12 $1,106.12
3 $1,106.12 $551.50 $0.00 $6.25 $1,663.87
4 $1,663.87 $551.50 $0.00 $9.41 $2,224.78
5 $2,224.78 $551.50 $0.00 $12.58 $2,788.86
6 $2,788.86 $551.50 $0.00 $15.77 $3,356.13
7 $3,356.13 $551.50 $0.00 $18.98 $3,926.61
8 $3,926.61 $551.50 $0.00 $22.20 $4,500.31
9 $4,500.31 $551.50 $0.00 $25.45 $5,077.26
10 $5,077.26 $551.50 $0.00 $28.71 $5,657.47
11 $5,657.47 $551.50 $0.00 $31.99 $6,240.96
12 $6,240.96 $551.50 $0.00 $35.29 $6,827.75
13 $6,827.75 $551.50 $0.00 $38.61 $7,417.86
14 $7,417.86 $551.50 $0.00 $41.94 $8,011.30
15 $8,011.30 $551.50 $0.00 $45.30 $8,608.10
16 $8,608.10 $551.50 $0.00 $48.67 $9,208.27
17 $9,208.27 $551.50 $0.00 $52.06 $9,811.83
18 $9,811.83 $551.50 $0.00 $55.48 $10,418.81
19 $10,418.81 $551.50 $0.00 $58.91 $11,029.22
20 $11,029.22 $551.50 $0.00 $62.36 $11,643.08
21 $11,643.08 $551.50 $0.00 $65.83 $12,260.41
22 $12,260.41 $551.50 $0.00 $69.32 $12,881.23
23 $12,881.23 $551.50 $0.00 $72.83 $13,505.56
24 $13,505.56 $551.50 $0.00 $76.36 $14,133.42
25 $14,133.42 $551.50 $0.00 $79.91 $14,764.83
26 $14,764.83 $551.50 $0.00 $83.48 $15,399.81
27 $15,399.81 $551.50 $0.00 $87.07 $16,038.38
28 $16,038.38 $551.50 $0.00 $90.68 $16,680.56
29 $16,680.56 $551.50 $0.00 $94.31 $17,326.37
30 $17,326.37 $551.50 $0.00 $97.97 $17,975.84
31 $17,975.84 $551.50 $0.00 $101.64 $18,628.98
32 $18,628.98 $551.50 $0.00 $105.33 $19,285.81
33 $19,285.81 $551.50 $0.00 $109.04 $19,946.35
34 $19,946.35 $551.50 $0.00 $112.78 $20,610.63
35 $20,610.63 $551.50 $0.00 $116.54 $21,278.67
36 $21,278.67 $551.50 $0.00 $120.31 $21,950.48
37 $21,950.48 $551.50 $0.00 $124.11 $22,626.09
38 $22,626.09 $551.50 $0.00 $127.93 $23,305.52
39 $23,305.52 $551.50 $0.00 $131.77 $23,988.79
40 $23,988.79 $551.50 $0.00 $135.64 $24,675.93
41 $24,675.93 $551.50 $0.00 $139.52 $25,366.95
42 $25,366.95 $551.50 $0.00 $143.43 $26,061.88
43 $26,061.88 $551.50 $0.00 $147.36 $26,760.74
44 $26,760.74 $551.50 $0.00 $151.31 $27,463.55
45 $27,463.55 $551.50 $0.00 $155.28 $28,170.33
46 $28,170.33 $551.50 $0.00 $159.28 $28,881.11
47 $28,881.11 $551.50 $0.00 $163.30 $29,595.91
48 $29,595.91 $551.50 $0.00 $167.34 $30,314.75
49 $30,314.75 $551.50 $0.00 $171.40 $31,037.65
50 $31,037.65 $551.50 $0.00 $175.49 $31,764.64
51 $31,764.64 $551.50 $0.00 $179.60 $32,495.74
52 $32,495.74 $551.50 $0.00 $183.74 $33,230.98
53 $33,230.98 $551.50 $0.00 $187.89 $33,970.37
54 $33,970.37 $551.50 $0.00 $192.07 $34,713.94
55 $34,713.94 $551.50 $0.00 $196.28 $35,461.72
56 $35,461.72 $551.50 $0.00 $200.51 $36,213.73
57 $36,213.73 $551.50 $0.00 $204.76 $36,969.99
58 $36,969.99 $551.50 $0.00 $209.03 $37,730.52
59 $37,730.52 $551.50 $0.00 $213.33 $38,495.35
60 $38,495.35 $551.50 $0.00 $217.66 $39,264.51
61 $39,264.51 $551.50 $0.00 $222.01 $40,038.02
62 $40,038.02 $551.50 $0.00 $226.38 $40,815.90
63 $40,815.90 $551.50 $0.00 $230.78 $41,598.18
64 $41,598.18 $551.50 $0.00 $235.20 $42,384.88
65 $42,384.88 $551.50 $0.00 $239.65 $43,176.03
66 $43,176.03 $551.50 $0.00 $244.12 $43,971.65
67 $43,971.65 $551.50 $0.00 $248.62 $44,771.77
68 $44,771.77 $551.50 $0.00 $253.15 $45,576.42
69 $45,576.42 $551.50 $0.00 $257.70 $46,385.62
70 $46,385.62 $551.50 $0.00 $262.27 $47,199.39
71 $47,199.39 $551.50 $0.00 $266.87 $48,017.76
72 $48,017.76 $551.50 $0.00 $271.50 $48,840.76
73 $48,840.76 $551.50 $0.00 $276.15 $49,668.41
74 $49,668.41 $551.50 $0.00 $280.83 $50,500.74
75 $50,500.74 $551.50 $0.00 $285.54 $51,337.78
76 $51,337.78 $551.50 $0.00 $290.27 $52,179.55
77 $52,179.55 $551.50 $0.00 $295.03 $53,026.08
78 $53,026.08 $551.50 $0.00 $299.82 $53,877.40
79 $53,877.40 $551.50 $0.00 $304.63 $54,733.53
80 $54,733.53 $551.50 $0.00 $309.47 $55,594.50
81 $55,594.50 $551.50 $0.00 $314.34 $56,460.34
82 $56,460.34 $551.50 $0.00 $319.23 $57,331.07
83 $57,331.07 $551.50 $0.00 $324.16 $58,206.73
84 $58,206.73 $551.50 $0.00 $329.11 $59,087.34
85 $59,087.34 $551.50 $0.00 $334.09 $59,972.93
86 $59,972.93 $551.50 $0.00 $339.10 $60,863.53
87 $60,863.53 $551.50 $0.00 $344.13 $61,759.16
88 $61,759.16 $551.50 $0.00 $349.20 $62,659.86
89 $62,659.86 $551.50 $0.00 $354.29 $63,565.65
90 $63,565.65 $551.50 $0.00 $359.41 $64,476.56
91 $64,476.56 $551.50 $0.00 $364.56 $65,392.62
92 $65,392.62 $551.50 $0.00 $369.74 $66,313.86
93 $66,313.86 $551.50 $0.00 $374.95 $67,240.31
94 $67,240.31 $551.50 $0.00 $380.19 $68,172.00
95 $68,172.00 $551.50 $0.00 $385.45 $69,108.95
96 $69,108.95 $551.50 $0.00 $390.75 $70,051.20
97 $70,051.20 $551.50 $0.00 $396.08 $70,998.78
98 $70,998.78 $551.50 $0.00 $401.44 $71,951.72
99 $71,951.72 $551.50 $0.00 $406.83 $72,910.05
100 $72,910.05 $551.50 $0.00 $412.24 $73,873.79
101 $73,873.79 $551.50 $0.00 $417.69 $74,842.98
102 $74,842.98 $551.50 $0.00 $423.17 $75,817.65
103 $75,817.65 $551.50 $0.00 $428.68 $76,797.83
104 $76,797.83 $551.50 $0.00 $434.23 $77,783.56
105 $77,783.56 $551.50 $0.00 $439.80 $78,774.86
106 $78,774.86 $551.50 $0.00 $445.40 $79,771.76
107 $79,771.76 $551.50 $0.00 $451.04 $80,774.30
108 $80,774.30 $551.50 $0.00 $456.71 $81,782.51
109 $81,782.51 $551.50 $0.00 $462.41 $82,796.42
110 $82,796.42 $551.50 $0.00 $468.14 $83,816.06
111 $83,816.06 $551.50 $0.00 $473.91 $84,841.47
112 $84,841.47 $551.50 $0.00 $479.71 $85,872.68
113 $85,872.68 $551.50 $0.00 $485.54 $86,909.72
114 $86,909.72 $551.50 $0.00 $491.40 $87,952.62
115 $87,952.62 $551.50 $0.00 $497.30 $89,001.42
116 $89,001.42 $551.50 $0.00 $503.23 $90,056.15
117 $90,056.15 $551.50 $0.00 $509.19 $91,116.84
118 $91,116.84 $551.50 $0.00 $515.19 $92,183.53
119 $92,183.53 $551.50 $0.00 $521.22 $93,256.25
120 $93,256.25 $551.50 $0.00 $527.28 $94,335.03
121 $94,335.03 $551.50 $0.00 $533.38 $95,419.91
122 $95,419.91 $551.50 $0.00 $539.52 $96,510.93
123 $96,510.93 $551.50 $0.00 $545.69 $97,608.12
124 $97,608.12 $551.50 $0.00 $551.89 $98,711.51
125 $98,711.51 $551.50 $0.00 $558.13 $99,821.14
126 $99,821.14 $551.50 $0.00 $564.40 $100,937.04
127 $100,937.04 $551.50 $0.00 $570.71 $102,059.25
128 $102,059.25 $551.50 $0.00 $577.06 $103,187.81
129 $103,187.81 $551.50 $0.00 $583.44 $104,322.75
130 $104,322.75 $551.50 $0.00 $589.86 $105,464.11
131 $105,464.11 $551.50 $0.00 $596.31 $106,611.92
132 $106,611.92 $551.50 $0.00 $602.80 $107,766.22
133 $107,766.22 $551.50 $0.00 $609.33 $108,927.05
134 $108,927.05 $551.50 $0.00 $615.89 $110,094.44
135 $110,094.44 $551.50 $0.00 $622.49 $111,268.43
136 $111,268.43 $551.50 $0.00 $629.13 $112,449.06
137 $112,449.06 $551.50 $0.00 $635.80 $113,636.36
138 $113,636.36 $551.50 $0.00 $642.52 $114,830.38
139 $114,830.38 $551.50 $0.00 $649.27 $116,031.15
140 $116,031.15 $551.50 $0.00 $656.06 $117,238.71
141 $117,238.71 $551.50 $0.00 $662.88 $118,453.09
142 $118,453.09 $551.50 $0.00 $669.75 $119,674.34
143 $119,674.34 $551.50 $0.00 $676.66 $120,902.50
144 $120,902.50 $551.50 $0.00 $683.60 $122,137.60
145 $122,137.60 $551.50 $0.00 $690.58 $123,379.68
146 $123,379.68 $551.50 $0.00 $697.61 $124,628.79
147 $124,628.79 $551.50 $0.00 $704.67 $125,884.96
148 $125,884.96 $551.50 $0.00 $711.77 $127,148.23
149 $127,148.23 $551.50 $0.00 $718.91 $128,418.64
150 $128,418.64 $551.50 $0.00 $726.10 $129,696.24
151 $129,696.24 $551.50 $0.00 $733.32 $130,981.06
152 $130,981.06 $551.50 $0.00 $740.59 $132,273.15
153 $132,273.15 $551.50 $0.00 $747.89 $133,572.54
154 $133,572.54 $551.50 $0.00 $755.24 $134,879.28
155 $134,879.28 $551.50 $0.00 $762.63 $136,193.41
156 $136,193.41 $551.50 $0.00 $770.06 $137,514.97
157 $137,514.97 $551.50 $0.00 $777.53 $138,844.00
158 $138,844.00 $551.50 $0.00 $785.04 $140,180.54
159 $140,180.54 $551.50 $0.00 $792.60 $141,524.64
160 $141,524.64 $551.50 $0.00 $800.20 $142,876.34
161 $142,876.34 $551.50 $0.00 $807.84 $144,235.68
162 $144,235.68 $551.50 $0.00 $815.53 $145,602.71
163 $145,602.71 $551.50 $0.00 $823.26 $146,977.47
164 $146,977.47 $551.50 $0.00 $831.03 $148,360.00
165 $148,360.00 $551.50 $0.00 $838.85 $149,750.35
166 $149,750.35 $551.50 $0.00 $846.71 $151,148.56
167 $151,148.56 $551.50 $0.00 $854.62 $152,554.68
168 $152,554.68 $551.50 $0.00 $862.57 $153,968.75
169 $153,968.75 $551.50 $0.00 $870.56 $155,390.81
170 $155,390.81 $551.50 $0.00 $878.60 $156,820.91
171 $156,820.91 $551.50 $0.00 $886.69 $158,259.10
172 $158,259.10 $551.50 $0.00 $894.82 $159,705.42
173 $159,705.42 $551.50 $0.00 $903.00 $161,159.92
174 $161,159.92 $551.50 $0.00 $911.22 $162,622.64
175 $162,622.64 $551.50 $0.00 $919.49 $164,093.63
176 $164,093.63 $551.50 $0.00 $927.81 $165,572.94
177 $165,572.94 $551.50 $0.00 $936.17 $167,060.61
178 $167,060.61 $551.50 $0.00 $944.58 $168,556.69
179 $168,556.69 $551.50 $0.00 $953.04 $170,061.23
180 $170,061.23 $551.50 $0.00 $961.55 $171,574.28
181 $171,574.28 $551.50 $0.00 $970.11 $173,095.89
182 $173,095.89 $551.50 $0.00 $978.71 $174,626.10
183 $174,626.10 $551.50 $0.00 $987.36 $176,164.96
184 $176,164.96 $551.50 $0.00 $996.06 $177,712.52
185 $177,712.52 $551.50 $0.00 $1,004.81 $179,268.83
186 $179,268.83 $551.50 $0.00 $1,013.61 $180,833.94
187 $180,833.94 $551.50 $0.00 $1,022.46 $182,407.90
188 $182,407.90 $551.50 $0.00 $1,031.36 $183,990.76
189 $183,990.76 $551.50 $0.00 $1,040.31 $185,582.57
190 $185,582.57 $551.50 $0.00 $1,049.31 $187,183.38
191 $187,183.38 $551.50 $0.00 $1,058.36 $188,793.24
192 $188,793.24 $551.50 $0.00 $1,067.46 $190,412.20
193 $190,412.20 $551.50 $0.00 $1,076.62 $192,040.32
194 $192,040.32 $551.50 $0.00 $1,085.82 $193,677.64
195 $193,677.64 $551.50 $0.00 $1,095.08 $195,324.22
196 $195,324.22 $551.50 $0.00 $1,104.39 $196,980.11
197 $196,980.11 $551.50 $0.00 $1,113.75 $198,645.36
198 $198,645.36 $551.50 $0.00 $1,123.17 $200,320.03
199 $200,320.03 $551.50 $0.00 $1,132.64 $202,004.17
200 $202,004.17 $551.50 $0.00 $1,142.16 $203,697.83
201 $203,697.83 $551.50 $0.00 $1,151.74 $205,401.07
202 $205,401.07 $551.50 $0.00 $1,161.37 $207,113.94
203 $207,113.94 $551.50 $0.00 $1,171.05 $208,836.49
204 $208,836.49 $551.50 $0.00 $1,180.79 $210,568.78
205 $210,568.78 $551.50 $0.00 $1,190.59 $212,310.87
206 $212,310.87 $551.50 $0.00 $1,200.44 $214,062.81
207 $214,062.81 $551.50 $0.00 $1,210.34 $215,824.65
208 $215,824.65 $551.50 $0.00 $1,220.30 $217,596.45
209 $217,596.45 $551.50 $0.00 $1,230.32 $219,378.27
210 $219,378.27 $551.50 $0.00 $1,240.40 $221,170.17
211 $221,170.17 $551.50 $0.00 $1,250.53 $222,972.20
212 $222,972.20 $551.50 $0.00 $1,260.72 $224,784.42
213 $224,784.42 $551.50 $0.00 $1,270.96 $226,606.88
214 $226,606.88 $551.50 $0.00 $1,281.27 $228,439.65
215 $228,439.65 $551.50 $0.00 $1,291.63 $230,282.78
216 $230,282.78 $551.50 $0.00 $1,302.05 $232,136.33
217 $232,136.33 $551.50 $62,866.74 $1,312.53 $171,133.62
218 $171,133.62 $551.50 $0.00 $967.61 $172,652.73
219 $172,652.73 $551.50 $0.00 $976.20 $174,180.43
220 $174,180.43 $551.50 $0.00 $984.84 $175,716.77
221 $175,716.77 $551.50 $0.00 $993.53 $177,261.80
222 $177,261.80 $551.50 $0.00 $1,002.26 $178,815.56
223 $178,815.56 $551.50 $0.00 $1,011.05 $180,378.11
224 $180,378.11 $551.50 $0.00 $1,019.88 $181,949.49
225 $181,949.49 $551.50 $0.00 $1,028.77 $183,529.76
226 $183,529.76 $551.50 $0.00 $1,037.70 $185,118.96
227 $185,118.96 $551.50 $0.00 $1,046.69 $186,717.15
228 $186,717.15 $551.50 $0.00 $1,055.73 $188,324.38
229 $188,324.38 $551.50 $67,267.41 $1,064.81 $122,673.28
230 $122,673.28 $551.50 $0.00 $693.61 $123,918.39
231 $123,918.39 $551.50 $0.00 $700.65 $125,170.54
232 $125,170.54 $551.50 $0.00 $707.73 $126,429.77
233 $126,429.77 $551.50 $0.00 $714.85 $127,696.12
234 $127,696.12 $551.50 $0.00 $722.01 $128,969.63
235 $128,969.63 $551.50 $0.00 $729.21 $130,250.34
236 $130,250.34 $551.50 $0.00 $736.45 $131,538.29
237 $131,538.29 $551.50 $0.00 $743.74 $132,833.53
238 $132,833.53 $551.50 $0.00 $751.06 $134,136.09
239 $134,136.09 $551.50 $0.00 $758.42 $135,446.01
240 $135,446.01 $551.50 $0.00 $765.83 $136,763.34
241 $136,763.34 $551.50 $71,976.13 $773.28 $66,111.99
242 $66,111.99 $551.50 $0.00 $373.81 $67,037.30
243 $67,037.30 $551.50 $0.00 $379.04 $67,967.84
244 $67,967.84 $551.50 $0.00 $384.30 $68,903.64
245 $68,903.64 $551.50 $0.00 $389.59 $69,844.73
246 $69,844.73 $551.50 $0.00 $394.91 $70,791.14
247 $70,791.14 $551.50 $0.00 $400.26 $71,742.90
248 $71,742.90 $551.50 $0.00 $405.64 $72,700.04
249 $72,700.04 $551.50 $0.00 $411.06 $73,662.60
250 $73,662.60 $551.50 $0.00 $416.50 $74,630.60
251 $74,630.60 $551.50 $0.00 $421.97 $75,604.07
252 $75,604.07 $551.50 $0.00 $427.48 $76,583.05
253 $76,583.05 $0.00 $77,014.46 $433.01 $1.60