Savings Plan and Future Cost Estimation for Cornell University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$312,124
Monthly savings required$2,467

How much will it cost to send your child to Cornell University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $1,248,497.97 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $2,466.80 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$83,196.00
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 $2,466.80 $0.00 $0.00 $2,466.80
2 $2,466.80 $2,466.80 $0.00 $13.95 $4,947.55
3 $4,947.55 $2,466.80 $0.00 $27.97 $7,442.32
4 $7,442.32 $2,466.80 $0.00 $42.08 $9,951.20
5 $9,951.20 $2,466.80 $0.00 $56.27 $12,474.27
6 $12,474.27 $2,466.80 $0.00 $70.53 $15,011.60
7 $15,011.60 $2,466.80 $0.00 $84.88 $17,563.28
8 $17,563.28 $2,466.80 $0.00 $99.31 $20,129.39
9 $20,129.39 $2,466.80 $0.00 $113.81 $22,710.00
10 $22,710.00 $2,466.80 $0.00 $128.41 $25,305.21
11 $25,305.21 $2,466.80 $0.00 $143.08 $27,915.09
12 $27,915.09 $2,466.80 $0.00 $157.84 $30,539.73
13 $30,539.73 $2,466.80 $0.00 $172.68 $33,179.21
14 $33,179.21 $2,466.80 $0.00 $187.60 $35,833.61
15 $35,833.61 $2,466.80 $0.00 $202.61 $38,503.02
16 $38,503.02 $2,466.80 $0.00 $217.70 $41,187.52
17 $41,187.52 $2,466.80 $0.00 $232.88 $43,887.20
18 $43,887.20 $2,466.80 $0.00 $248.14 $46,602.14
19 $46,602.14 $2,466.80 $0.00 $263.50 $49,332.44
20 $49,332.44 $2,466.80 $0.00 $278.93 $52,078.17
21 $52,078.17 $2,466.80 $0.00 $294.46 $54,839.43
22 $54,839.43 $2,466.80 $0.00 $310.07 $57,616.30
23 $57,616.30 $2,466.80 $0.00 $325.77 $60,408.87
24 $60,408.87 $2,466.80 $0.00 $341.56 $63,217.23
25 $63,217.23 $2,466.80 $0.00 $357.44 $66,041.47
26 $66,041.47 $2,466.80 $0.00 $373.41 $68,881.68
27 $68,881.68 $2,466.80 $0.00 $389.47 $71,737.95
28 $71,737.95 $2,466.80 $0.00 $405.62 $74,610.37
29 $74,610.37 $2,466.80 $0.00 $421.86 $77,499.03
30 $77,499.03 $2,466.80 $0.00 $438.19 $80,404.02
31 $80,404.02 $2,466.80 $0.00 $454.62 $83,325.44
32 $83,325.44 $2,466.80 $0.00 $471.13 $86,263.37
33 $86,263.37 $2,466.80 $0.00 $487.75 $89,217.92
34 $89,217.92 $2,466.80 $0.00 $504.45 $92,189.17
35 $92,189.17 $2,466.80 $0.00 $521.25 $95,177.22
36 $95,177.22 $2,466.80 $0.00 $538.15 $98,182.17
37 $98,182.17 $2,466.80 $0.00 $555.14 $101,204.11
38 $101,204.11 $2,466.80 $0.00 $572.22 $104,243.13
39 $104,243.13 $2,466.80 $0.00 $589.41 $107,299.34
40 $107,299.34 $2,466.80 $0.00 $606.69 $110,372.83
41 $110,372.83 $2,466.80 $0.00 $624.06 $113,463.69
42 $113,463.69 $2,466.80 $0.00 $641.54 $116,572.03
43 $116,572.03 $2,466.80 $0.00 $659.12 $119,697.95
44 $119,697.95 $2,466.80 $0.00 $676.79 $122,841.54
45 $122,841.54 $2,466.80 $0.00 $694.56 $126,002.90
46 $126,002.90 $2,466.80 $0.00 $712.44 $129,182.14
47 $129,182.14 $2,466.80 $0.00 $730.41 $132,379.35
48 $132,379.35 $2,466.80 $0.00 $748.49 $135,594.64
49 $135,594.64 $2,466.80 $0.00 $766.67 $138,828.11
50 $138,828.11 $2,466.80 $0.00 $784.95 $142,079.86
51 $142,079.86 $2,466.80 $0.00 $803.34 $145,350.00
52 $145,350.00 $2,466.80 $0.00 $821.83 $148,638.63
53 $148,638.63 $2,466.80 $0.00 $840.42 $151,945.85
54 $151,945.85 $2,466.80 $0.00 $859.12 $155,271.77
55 $155,271.77 $2,466.80 $0.00 $877.93 $158,616.50
56 $158,616.50 $2,466.80 $0.00 $896.84 $161,980.14
57 $161,980.14 $2,466.80 $0.00 $915.86 $165,362.80
58 $165,362.80 $2,466.80 $0.00 $934.99 $168,764.59
59 $168,764.59 $2,466.80 $0.00 $954.22 $172,185.61
60 $172,185.61 $2,466.80 $0.00 $973.56 $175,625.97
61 $175,625.97 $2,466.80 $0.00 $993.01 $179,085.78
62 $179,085.78 $2,466.80 $0.00 $1,012.58 $182,565.16
63 $182,565.16 $2,466.80 $0.00 $1,032.25 $186,064.21
64 $186,064.21 $2,466.80 $0.00 $1,052.03 $189,583.04
65 $189,583.04 $2,466.80 $0.00 $1,071.93 $193,121.77
66 $193,121.77 $2,466.80 $0.00 $1,091.94 $196,680.51
67 $196,680.51 $2,466.80 $0.00 $1,112.06 $200,259.37
68 $200,259.37 $2,466.80 $0.00 $1,132.30 $203,858.47
69 $203,858.47 $2,466.80 $0.00 $1,152.65 $207,477.92
70 $207,477.92 $2,466.80 $0.00 $1,173.11 $211,117.83
71 $211,117.83 $2,466.80 $0.00 $1,193.69 $214,778.32
72 $214,778.32 $2,466.80 $0.00 $1,214.39 $218,459.51
73 $218,459.51 $2,466.80 $0.00 $1,235.20 $222,161.51
74 $222,161.51 $2,466.80 $0.00 $1,256.13 $225,884.44
75 $225,884.44 $2,466.80 $0.00 $1,277.18 $229,628.42
76 $229,628.42 $2,466.80 $0.00 $1,298.35 $233,393.57
77 $233,393.57 $2,466.80 $0.00 $1,319.64 $237,180.01
78 $237,180.01 $2,466.80 $0.00 $1,341.05 $240,987.86
79 $240,987.86 $2,466.80 $0.00 $1,362.58 $244,817.24
80 $244,817.24 $2,466.80 $0.00 $1,384.23 $248,668.27
81 $248,668.27 $2,466.80 $0.00 $1,406.01 $252,541.08
82 $252,541.08 $2,466.80 $0.00 $1,427.90 $256,435.78
83 $256,435.78 $2,466.80 $0.00 $1,449.93 $260,352.51
84 $260,352.51 $2,466.80 $0.00 $1,472.07 $264,291.38
85 $264,291.38 $2,466.80 $0.00 $1,494.34 $268,252.52
86 $268,252.52 $2,466.80 $0.00 $1,516.74 $272,236.06
87 $272,236.06 $2,466.80 $0.00 $1,539.26 $276,242.12
88 $276,242.12 $2,466.80 $0.00 $1,561.91 $280,270.83
89 $280,270.83 $2,466.80 $0.00 $1,584.69 $284,322.32
90 $284,322.32 $2,466.80 $0.00 $1,607.60 $288,396.72
91 $288,396.72 $2,466.80 $0.00 $1,630.64 $292,494.16
92 $292,494.16 $2,466.80 $0.00 $1,653.80 $296,614.76
93 $296,614.76 $2,466.80 $0.00 $1,677.10 $300,758.66
94 $300,758.66 $2,466.80 $0.00 $1,700.53 $304,925.99
95 $304,925.99 $2,466.80 $0.00 $1,724.10 $309,116.89
96 $309,116.89 $2,466.80 $0.00 $1,747.79 $313,331.48
97 $313,331.48 $2,466.80 $0.00 $1,771.62 $317,569.90
98 $317,569.90 $2,466.80 $0.00 $1,795.59 $321,832.29
99 $321,832.29 $2,466.80 $0.00 $1,819.69 $326,118.78
100 $326,118.78 $2,466.80 $0.00 $1,843.92 $330,429.50
101 $330,429.50 $2,466.80 $0.00 $1,868.30 $334,764.60
102 $334,764.60 $2,466.80 $0.00 $1,892.81 $339,124.21
103 $339,124.21 $2,466.80 $0.00 $1,917.46 $343,508.47
104 $343,508.47 $2,466.80 $0.00 $1,942.25 $347,917.52
105 $347,917.52 $2,466.80 $0.00 $1,967.18 $352,351.50
106 $352,351.50 $2,466.80 $0.00 $1,992.25 $356,810.55
107 $356,810.55 $2,466.80 $0.00 $2,017.46 $361,294.81
108 $361,294.81 $2,466.80 $0.00 $2,042.81 $365,804.42
109 $365,804.42 $2,466.80 $0.00 $2,068.31 $370,339.53
110 $370,339.53 $2,466.80 $0.00 $2,093.95 $374,900.28
111 $374,900.28 $2,466.80 $0.00 $2,119.74 $379,486.82
112 $379,486.82 $2,466.80 $0.00 $2,145.67 $384,099.29
113 $384,099.29 $2,466.80 $0.00 $2,171.75 $388,737.84
114 $388,737.84 $2,466.80 $0.00 $2,197.98 $393,402.62
115 $393,402.62 $2,466.80 $0.00 $2,224.36 $398,093.78
116 $398,093.78 $2,466.80 $0.00 $2,250.88 $402,811.46
117 $402,811.46 $2,466.80 $0.00 $2,277.55 $407,555.81
118 $407,555.81 $2,466.80 $0.00 $2,304.38 $412,326.99
119 $412,326.99 $2,466.80 $0.00 $2,331.36 $417,125.15
120 $417,125.15 $2,466.80 $0.00 $2,358.49 $421,950.44
121 $421,950.44 $2,466.80 $0.00 $2,385.77 $426,803.01
122 $426,803.01 $2,466.80 $0.00 $2,413.21 $431,683.02
123 $431,683.02 $2,466.80 $0.00 $2,440.80 $436,590.62
124 $436,590.62 $2,466.80 $0.00 $2,468.55 $441,525.97
125 $441,525.97 $2,466.80 $0.00 $2,496.45 $446,489.22
126 $446,489.22 $2,466.80 $0.00 $2,524.51 $451,480.53
127 $451,480.53 $2,466.80 $0.00 $2,552.74 $456,500.07
128 $456,500.07 $2,466.80 $0.00 $2,581.12 $461,547.99
129 $461,547.99 $2,466.80 $0.00 $2,609.66 $466,624.45
130 $466,624.45 $2,466.80 $0.00 $2,638.36 $471,729.61
131 $471,729.61 $2,466.80 $0.00 $2,667.23 $476,863.64
132 $476,863.64 $2,466.80 $0.00 $2,696.26 $482,026.70
133 $482,026.70 $2,466.80 $0.00 $2,725.45 $487,218.95
134 $487,218.95 $2,466.80 $0.00 $2,754.81 $492,440.56
135 $492,440.56 $2,466.80 $0.00 $2,784.33 $497,691.69
136 $497,691.69 $2,466.80 $0.00 $2,814.02 $502,972.51
137 $502,972.51 $2,466.80 $0.00 $2,843.88 $508,283.19
138 $508,283.19 $2,466.80 $0.00 $2,873.91 $513,623.90
139 $513,623.90 $2,466.80 $0.00 $2,904.10 $518,994.80
140 $518,994.80 $2,466.80 $0.00 $2,934.47 $524,396.07
141 $524,396.07 $2,466.80 $0.00 $2,965.01 $529,827.88
142 $529,827.88 $2,466.80 $0.00 $2,995.72 $535,290.40
143 $535,290.40 $2,466.80 $0.00 $3,026.61 $540,783.81
144 $540,783.81 $2,466.80 $0.00 $3,057.67 $546,308.28
145 $546,308.28 $2,466.80 $0.00 $3,088.91 $551,863.99
146 $551,863.99 $2,466.80 $0.00 $3,120.32 $557,451.11
147 $557,451.11 $2,466.80 $0.00 $3,151.91 $563,069.82
148 $563,069.82 $2,466.80 $0.00 $3,183.68 $568,720.30
149 $568,720.30 $2,466.80 $0.00 $3,215.63 $574,402.73
150 $574,402.73 $2,466.80 $0.00 $3,247.76 $580,117.29
151 $580,117.29 $2,466.80 $0.00 $3,280.07 $585,864.16
152 $585,864.16 $2,466.80 $0.00 $3,312.56 $591,643.52
153 $591,643.52 $2,466.80 $0.00 $3,345.24 $597,455.56
154 $597,455.56 $2,466.80 $0.00 $3,378.10 $603,300.46
155 $603,300.46 $2,466.80 $0.00 $3,411.15 $609,178.41
156 $609,178.41 $2,466.80 $0.00 $3,444.38 $615,089.59
157 $615,089.59 $2,466.80 $0.00 $3,477.81 $621,034.20
158 $621,034.20 $2,466.80 $0.00 $3,511.42 $627,012.42
159 $627,012.42 $2,466.80 $0.00 $3,545.22 $633,024.44
160 $633,024.44 $2,466.80 $0.00 $3,579.21 $639,070.45
161 $639,070.45 $2,466.80 $0.00 $3,613.40 $645,150.65
162 $645,150.65 $2,466.80 $0.00 $3,647.78 $651,265.23
163 $651,265.23 $2,466.80 $0.00 $3,682.35 $657,414.38
164 $657,414.38 $2,466.80 $0.00 $3,717.12 $663,598.30
165 $663,598.30 $2,466.80 $0.00 $3,752.08 $669,817.18
166 $669,817.18 $2,466.80 $0.00 $3,787.24 $676,071.22
167 $676,071.22 $2,466.80 $0.00 $3,822.60 $682,360.62
168 $682,360.62 $2,466.80 $0.00 $3,858.17 $688,685.59
169 $688,685.59 $2,466.80 $0.00 $3,893.93 $695,046.32
170 $695,046.32 $2,466.80 $0.00 $3,929.89 $701,443.01
171 $701,443.01 $2,466.80 $0.00 $3,966.06 $707,875.87
172 $707,875.87 $2,466.80 $0.00 $4,002.43 $714,345.10
173 $714,345.10 $2,466.80 $0.00 $4,039.01 $720,850.91
174 $720,850.91 $2,466.80 $0.00 $4,075.80 $727,393.51
175 $727,393.51 $2,466.80 $0.00 $4,112.79 $733,973.10
176 $733,973.10 $2,466.80 $0.00 $4,149.99 $740,589.89
177 $740,589.89 $2,466.80 $0.00 $4,187.40 $747,244.09
178 $747,244.09 $2,466.80 $0.00 $4,225.03 $753,935.92
179 $753,935.92 $2,466.80 $0.00 $4,262.86 $760,665.58
180 $760,665.58 $2,466.80 $0.00 $4,300.91 $767,433.29
181 $767,433.29 $2,466.80 $0.00 $4,339.18 $774,239.27
182 $774,239.27 $2,466.80 $0.00 $4,377.66 $781,083.73
183 $781,083.73 $2,466.80 $0.00 $4,416.36 $787,966.89
184 $787,966.89 $2,466.80 $0.00 $4,455.28 $794,888.97
185 $794,888.97 $2,466.80 $0.00 $4,494.42 $801,850.19
186 $801,850.19 $2,466.80 $0.00 $4,533.78 $808,850.77
187 $808,850.77 $2,466.80 $0.00 $4,573.36 $815,890.93
188 $815,890.93 $2,466.80 $0.00 $4,613.17 $822,970.90
189 $822,970.90 $2,466.80 $0.00 $4,653.20 $830,090.90
190 $830,090.90 $2,466.80 $0.00 $4,693.45 $837,251.15
191 $837,251.15 $2,466.80 $0.00 $4,733.94 $844,451.89
192 $844,451.89 $2,466.80 $0.00 $4,774.65 $851,693.34
193 $851,693.34 $2,466.80 $0.00 $4,815.60 $858,975.74
194 $858,975.74 $2,466.80 $0.00 $4,856.77 $866,299.31
195 $866,299.31 $2,466.80 $0.00 $4,898.18 $873,664.29
196 $873,664.29 $2,466.80 $0.00 $4,939.82 $881,070.91
197 $881,070.91 $2,466.80 $0.00 $4,981.70 $888,519.41
198 $888,519.41 $2,466.80 $0.00 $5,023.82 $896,010.03
199 $896,010.03 $2,466.80 $0.00 $5,066.17 $903,543.00
200 $903,543.00 $2,466.80 $0.00 $5,108.76 $911,118.56
201 $911,118.56 $2,466.80 $0.00 $5,151.60 $918,736.96
202 $918,736.96 $2,466.80 $0.00 $5,194.67 $926,398.43
203 $926,398.43 $2,466.80 $0.00 $5,237.99 $934,103.22
204 $934,103.22 $2,466.80 $0.00 $5,281.56 $941,851.58
205 $941,851.58 $2,466.80 $0.00 $5,325.37 $949,643.75
206 $949,643.75 $2,466.80 $0.00 $5,369.42 $957,479.97
207 $957,479.97 $2,466.80 $0.00 $5,413.73 $965,360.50
208 $965,360.50 $2,466.80 $0.00 $5,458.29 $973,285.59
209 $973,285.59 $2,466.80 $0.00 $5,503.10 $981,255.49
210 $981,255.49 $2,466.80 $0.00 $5,548.16 $989,270.45
211 $989,270.45 $2,466.80 $0.00 $5,593.48 $997,330.73
212 $997,330.73 $2,466.80 $0.00 $5,639.05 $1,005,436.58
213 $1,005,436.58 $2,466.80 $0.00 $5,684.88 $1,013,588.26
214 $1,013,588.26 $2,466.80 $0.00 $5,730.98 $1,021,786.04
215 $1,021,786.04 $2,466.80 $0.00 $5,777.33 $1,030,030.17
216 $1,030,030.17 $2,466.80 $0.00 $5,823.94 $1,038,320.91
217 $1,038,320.91 $2,466.80 $281,196.85 $5,870.82 $765,461.68
218 $765,461.68 $2,466.80 $0.00 $4,328.03 $772,256.51
219 $772,256.51 $2,466.80 $0.00 $4,366.45 $779,089.76
220 $779,089.76 $2,466.80 $0.00 $4,405.09 $785,961.65
221 $785,961.65 $2,466.80 $0.00 $4,443.94 $792,872.39
222 $792,872.39 $2,466.80 $0.00 $4,483.02 $799,822.21
223 $799,822.21 $2,466.80 $0.00 $4,522.31 $806,811.32
224 $806,811.32 $2,466.80 $0.00 $4,561.83 $813,839.95
225 $813,839.95 $2,466.80 $0.00 $4,601.57 $820,908.32
226 $820,908.32 $2,466.80 $0.00 $4,641.53 $828,016.65
227 $828,016.65 $2,466.80 $0.00 $4,681.73 $835,165.18
228 $835,165.18 $2,466.80 $0.00 $4,722.15 $842,354.13
229 $842,354.13 $2,466.80 $300,880.62 $4,762.79 $548,703.10
230 $548,703.10 $2,466.80 $0.00 $3,102.45 $554,272.35
231 $554,272.35 $2,466.80 $0.00 $3,133.94 $559,873.09
232 $559,873.09 $2,466.80 $0.00 $3,165.60 $565,505.49
233 $565,505.49 $2,466.80 $0.00 $3,197.45 $571,169.74
234 $571,169.74 $2,466.80 $0.00 $3,229.48 $576,866.02
235 $576,866.02 $2,466.80 $0.00 $3,261.68 $582,594.50
236 $582,594.50 $2,466.80 $0.00 $3,294.07 $588,355.37
237 $588,355.37 $2,466.80 $0.00 $3,326.65 $594,148.82
238 $594,148.82 $2,466.80 $0.00 $3,359.40 $599,975.02
239 $599,975.02 $2,466.80 $0.00 $3,392.35 $605,834.17
240 $605,834.17 $2,466.80 $0.00 $3,425.47 $611,726.44
241 $611,726.44 $2,466.80 $321,942.27 $3,458.79 $295,709.76
242 $295,709.76 $2,466.80 $0.00 $1,671.99 $299,848.55
243 $299,848.55 $2,466.80 $0.00 $1,695.39 $304,010.74
244 $304,010.74 $2,466.80 $0.00 $1,718.92 $308,196.46
245 $308,196.46 $2,466.80 $0.00 $1,742.59 $312,405.85
246 $312,405.85 $2,466.80 $0.00 $1,766.39 $316,639.04
247 $316,639.04 $2,466.80 $0.00 $1,790.32 $320,896.16
248 $320,896.16 $2,466.80 $0.00 $1,814.39 $325,177.35
249 $325,177.35 $2,466.80 $0.00 $1,838.60 $329,482.75
250 $329,482.75 $2,466.80 $0.00 $1,862.94 $333,812.49
251 $333,812.49 $2,466.80 $0.00 $1,887.42 $338,166.71
252 $338,166.71 $2,466.80 $0.00 $1,912.04 $342,545.55
253 $342,545.55 $0.00 $344,478.23 $1,936.80 $4.12