Savings Plan and Future Cost Estimation for The New School

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$319,256
Monthly savings required$2,523

How much will it cost to send your child to The New School in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $1,277,025.72 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $2,523.16 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$85,097.00
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 $2,523.16 $0.00 $0.00 $2,523.16
2 $2,523.16 $2,523.16 $0.00 $14.27 $5,060.59
3 $5,060.59 $2,523.16 $0.00 $28.61 $7,612.36
4 $7,612.36 $2,523.16 $0.00 $43.04 $10,178.56
5 $10,178.56 $2,523.16 $0.00 $57.55 $12,759.27
6 $12,759.27 $2,523.16 $0.00 $72.14 $15,354.57
7 $15,354.57 $2,523.16 $0.00 $86.82 $17,964.55
8 $17,964.55 $2,523.16 $0.00 $101.57 $20,589.28
9 $20,589.28 $2,523.16 $0.00 $116.41 $23,228.85
10 $23,228.85 $2,523.16 $0.00 $131.34 $25,883.35
11 $25,883.35 $2,523.16 $0.00 $146.35 $28,552.86
12 $28,552.86 $2,523.16 $0.00 $161.44 $31,237.46
13 $31,237.46 $2,523.16 $0.00 $176.62 $33,937.24
14 $33,937.24 $2,523.16 $0.00 $191.89 $36,652.29
15 $36,652.29 $2,523.16 $0.00 $207.24 $39,382.69
16 $39,382.69 $2,523.16 $0.00 $222.68 $42,128.53
17 $42,128.53 $2,523.16 $0.00 $238.20 $44,889.89
18 $44,889.89 $2,523.16 $0.00 $253.81 $47,666.86
19 $47,666.86 $2,523.16 $0.00 $269.52 $50,459.54
20 $50,459.54 $2,523.16 $0.00 $285.31 $53,268.01
21 $53,268.01 $2,523.16 $0.00 $301.19 $56,092.36
22 $56,092.36 $2,523.16 $0.00 $317.15 $58,932.67
23 $58,932.67 $2,523.16 $0.00 $333.21 $61,789.04
24 $61,789.04 $2,523.16 $0.00 $349.36 $64,661.56
25 $64,661.56 $2,523.16 $0.00 $365.61 $67,550.33
26 $67,550.33 $2,523.16 $0.00 $381.94 $70,455.43
27 $70,455.43 $2,523.16 $0.00 $398.37 $73,376.96
28 $73,376.96 $2,523.16 $0.00 $414.88 $76,315.00
29 $76,315.00 $2,523.16 $0.00 $431.50 $79,269.66
30 $79,269.66 $2,523.16 $0.00 $448.20 $82,241.02
31 $82,241.02 $2,523.16 $0.00 $465.00 $85,229.18
32 $85,229.18 $2,523.16 $0.00 $481.90 $88,234.24
33 $88,234.24 $2,523.16 $0.00 $498.89 $91,256.29
34 $91,256.29 $2,523.16 $0.00 $515.98 $94,295.43
35 $94,295.43 $2,523.16 $0.00 $533.16 $97,351.75
36 $97,351.75 $2,523.16 $0.00 $550.44 $100,425.35
37 $100,425.35 $2,523.16 $0.00 $567.82 $103,516.33
38 $103,516.33 $2,523.16 $0.00 $585.30 $106,624.79
39 $106,624.79 $2,523.16 $0.00 $602.87 $109,750.82
40 $109,750.82 $2,523.16 $0.00 $620.55 $112,894.53
41 $112,894.53 $2,523.16 $0.00 $638.32 $116,056.01
42 $116,056.01 $2,523.16 $0.00 $656.20 $119,235.37
43 $119,235.37 $2,523.16 $0.00 $674.17 $122,432.70
44 $122,432.70 $2,523.16 $0.00 $692.25 $125,648.11
45 $125,648.11 $2,523.16 $0.00 $710.43 $128,881.70
46 $128,881.70 $2,523.16 $0.00 $728.72 $132,133.58
47 $132,133.58 $2,523.16 $0.00 $747.10 $135,403.84
48 $135,403.84 $2,523.16 $0.00 $765.59 $138,692.59
49 $138,692.59 $2,523.16 $0.00 $784.19 $141,999.94
50 $141,999.94 $2,523.16 $0.00 $802.89 $145,325.99
51 $145,325.99 $2,523.16 $0.00 $821.69 $148,670.84
52 $148,670.84 $2,523.16 $0.00 $840.61 $152,034.61
53 $152,034.61 $2,523.16 $0.00 $859.63 $155,417.40
54 $155,417.40 $2,523.16 $0.00 $878.75 $158,819.31
55 $158,819.31 $2,523.16 $0.00 $897.99 $162,240.46
56 $162,240.46 $2,523.16 $0.00 $917.33 $165,680.95
57 $165,680.95 $2,523.16 $0.00 $936.78 $169,140.89
58 $169,140.89 $2,523.16 $0.00 $956.35 $172,620.40
59 $172,620.40 $2,523.16 $0.00 $976.02 $176,119.58
60 $176,119.58 $2,523.16 $0.00 $995.81 $179,638.55
61 $179,638.55 $2,523.16 $0.00 $1,015.70 $183,177.41
62 $183,177.41 $2,523.16 $0.00 $1,035.71 $186,736.28
63 $186,736.28 $2,523.16 $0.00 $1,055.83 $190,315.27
64 $190,315.27 $2,523.16 $0.00 $1,076.07 $193,914.50
65 $193,914.50 $2,523.16 $0.00 $1,096.42 $197,534.08
66 $197,534.08 $2,523.16 $0.00 $1,116.89 $201,174.13
67 $201,174.13 $2,523.16 $0.00 $1,137.47 $204,834.76
68 $204,834.76 $2,523.16 $0.00 $1,158.17 $208,516.09
69 $208,516.09 $2,523.16 $0.00 $1,178.98 $212,218.23
70 $212,218.23 $2,523.16 $0.00 $1,199.91 $215,941.30
71 $215,941.30 $2,523.16 $0.00 $1,220.96 $219,685.42
72 $219,685.42 $2,523.16 $0.00 $1,242.13 $223,450.71
73 $223,450.71 $2,523.16 $0.00 $1,263.42 $227,237.29
74 $227,237.29 $2,523.16 $0.00 $1,284.83 $231,045.28
75 $231,045.28 $2,523.16 $0.00 $1,306.36 $234,874.80
76 $234,874.80 $2,523.16 $0.00 $1,328.02 $238,725.98
77 $238,725.98 $2,523.16 $0.00 $1,349.79 $242,598.93
78 $242,598.93 $2,523.16 $0.00 $1,371.69 $246,493.78
79 $246,493.78 $2,523.16 $0.00 $1,393.71 $250,410.65
80 $250,410.65 $2,523.16 $0.00 $1,415.86 $254,349.67
81 $254,349.67 $2,523.16 $0.00 $1,438.13 $258,310.96
82 $258,310.96 $2,523.16 $0.00 $1,460.53 $262,294.65
83 $262,294.65 $2,523.16 $0.00 $1,483.05 $266,300.86
84 $266,300.86 $2,523.16 $0.00 $1,505.70 $270,329.72
85 $270,329.72 $2,523.16 $0.00 $1,528.48 $274,381.36
86 $274,381.36 $2,523.16 $0.00 $1,551.39 $278,455.91
87 $278,455.91 $2,523.16 $0.00 $1,574.43 $282,553.50
88 $282,553.50 $2,523.16 $0.00 $1,597.60 $286,674.26
89 $286,674.26 $2,523.16 $0.00 $1,620.90 $290,818.32
90 $290,818.32 $2,523.16 $0.00 $1,644.33 $294,985.81
91 $294,985.81 $2,523.16 $0.00 $1,667.89 $299,176.86
92 $299,176.86 $2,523.16 $0.00 $1,691.59 $303,391.61
93 $303,391.61 $2,523.16 $0.00 $1,715.42 $307,630.19
94 $307,630.19 $2,523.16 $0.00 $1,739.39 $311,892.74
95 $311,892.74 $2,523.16 $0.00 $1,763.49 $316,179.39
96 $316,179.39 $2,523.16 $0.00 $1,787.72 $320,490.27
97 $320,490.27 $2,523.16 $0.00 $1,812.10 $324,825.53
98 $324,825.53 $2,523.16 $0.00 $1,836.61 $329,185.30
99 $329,185.30 $2,523.16 $0.00 $1,861.26 $333,569.72
100 $333,569.72 $2,523.16 $0.00 $1,886.05 $337,978.93
101 $337,978.93 $2,523.16 $0.00 $1,910.98 $342,413.07
102 $342,413.07 $2,523.16 $0.00 $1,936.05 $346,872.28
103 $346,872.28 $2,523.16 $0.00 $1,961.27 $351,356.71
104 $351,356.71 $2,523.16 $0.00 $1,986.62 $355,866.49
105 $355,866.49 $2,523.16 $0.00 $2,012.12 $360,401.77
106 $360,401.77 $2,523.16 $0.00 $2,037.76 $364,962.69
107 $364,962.69 $2,523.16 $0.00 $2,063.55 $369,549.40
108 $369,549.40 $2,523.16 $0.00 $2,089.49 $374,162.05
109 $374,162.05 $2,523.16 $0.00 $2,115.57 $378,800.78
110 $378,800.78 $2,523.16 $0.00 $2,141.79 $383,465.73
111 $383,465.73 $2,523.16 $0.00 $2,168.17 $388,157.06
112 $388,157.06 $2,523.16 $0.00 $2,194.70 $392,874.92
113 $392,874.92 $2,523.16 $0.00 $2,221.37 $397,619.45
114 $397,619.45 $2,523.16 $0.00 $2,248.20 $402,390.81
115 $402,390.81 $2,523.16 $0.00 $2,275.18 $407,189.15
116 $407,189.15 $2,523.16 $0.00 $2,302.31 $412,014.62
117 $412,014.62 $2,523.16 $0.00 $2,329.59 $416,867.37
118 $416,867.37 $2,523.16 $0.00 $2,357.03 $421,747.56
119 $421,747.56 $2,523.16 $0.00 $2,384.62 $426,655.34
120 $426,655.34 $2,523.16 $0.00 $2,412.37 $431,590.87
121 $431,590.87 $2,523.16 $0.00 $2,440.28 $436,554.31
122 $436,554.31 $2,523.16 $0.00 $2,468.34 $441,545.81
123 $441,545.81 $2,523.16 $0.00 $2,496.56 $446,565.53
124 $446,565.53 $2,523.16 $0.00 $2,524.95 $451,613.64
125 $451,613.64 $2,523.16 $0.00 $2,553.49 $456,690.29
126 $456,690.29 $2,523.16 $0.00 $2,582.19 $461,795.64
127 $461,795.64 $2,523.16 $0.00 $2,611.06 $466,929.86
128 $466,929.86 $2,523.16 $0.00 $2,640.09 $472,093.11
129 $472,093.11 $2,523.16 $0.00 $2,669.28 $477,285.55
130 $477,285.55 $2,523.16 $0.00 $2,698.64 $482,507.35
131 $482,507.35 $2,523.16 $0.00 $2,728.17 $487,758.68
132 $487,758.68 $2,523.16 $0.00 $2,757.86 $493,039.70
133 $493,039.70 $2,523.16 $0.00 $2,787.72 $498,350.58
134 $498,350.58 $2,523.16 $0.00 $2,817.75 $503,691.49
135 $503,691.49 $2,523.16 $0.00 $2,847.94 $509,062.59
136 $509,062.59 $2,523.16 $0.00 $2,878.31 $514,464.06
137 $514,464.06 $2,523.16 $0.00 $2,908.85 $519,896.07
138 $519,896.07 $2,523.16 $0.00 $2,939.57 $525,358.80
139 $525,358.80 $2,523.16 $0.00 $2,970.46 $530,852.42
140 $530,852.42 $2,523.16 $0.00 $3,001.52 $536,377.10
141 $536,377.10 $2,523.16 $0.00 $3,032.75 $541,933.01
142 $541,933.01 $2,523.16 $0.00 $3,064.17 $547,520.34
143 $547,520.34 $2,523.16 $0.00 $3,095.76 $553,139.26
144 $553,139.26 $2,523.16 $0.00 $3,127.53 $558,789.95
145 $558,789.95 $2,523.16 $0.00 $3,159.48 $564,472.59
146 $564,472.59 $2,523.16 $0.00 $3,191.61 $570,187.36
147 $570,187.36 $2,523.16 $0.00 $3,223.92 $575,934.44
148 $575,934.44 $2,523.16 $0.00 $3,256.42 $581,714.02
149 $581,714.02 $2,523.16 $0.00 $3,289.10 $587,526.28
150 $587,526.28 $2,523.16 $0.00 $3,321.96 $593,371.40
151 $593,371.40 $2,523.16 $0.00 $3,355.01 $599,249.57
152 $599,249.57 $2,523.16 $0.00 $3,388.24 $605,160.97
153 $605,160.97 $2,523.16 $0.00 $3,421.67 $611,105.80
154 $611,105.80 $2,523.16 $0.00 $3,455.28 $617,084.24
155 $617,084.24 $2,523.16 $0.00 $3,489.08 $623,096.48
156 $623,096.48 $2,523.16 $0.00 $3,523.08 $629,142.72
157 $629,142.72 $2,523.16 $0.00 $3,557.26 $635,223.14
158 $635,223.14 $2,523.16 $0.00 $3,591.64 $641,337.94
159 $641,337.94 $2,523.16 $0.00 $3,626.22 $647,487.32
160 $647,487.32 $2,523.16 $0.00 $3,660.99 $653,671.47
161 $653,671.47 $2,523.16 $0.00 $3,695.95 $659,890.58
162 $659,890.58 $2,523.16 $0.00 $3,731.12 $666,144.86
163 $666,144.86 $2,523.16 $0.00 $3,766.48 $672,434.50
164 $672,434.50 $2,523.16 $0.00 $3,802.04 $678,759.70
165 $678,759.70 $2,523.16 $0.00 $3,837.81 $685,120.67
166 $685,120.67 $2,523.16 $0.00 $3,873.77 $691,517.60
167 $691,517.60 $2,523.16 $0.00 $3,909.94 $697,950.70
168 $697,950.70 $2,523.16 $0.00 $3,946.31 $704,420.17
169 $704,420.17 $2,523.16 $0.00 $3,982.89 $710,926.22
170 $710,926.22 $2,523.16 $0.00 $4,019.68 $717,469.06
171 $717,469.06 $2,523.16 $0.00 $4,056.67 $724,048.89
172 $724,048.89 $2,523.16 $0.00 $4,093.88 $730,665.93
173 $730,665.93 $2,523.16 $0.00 $4,131.29 $737,320.38
174 $737,320.38 $2,523.16 $0.00 $4,168.92 $744,012.46
175 $744,012.46 $2,523.16 $0.00 $4,206.75 $750,742.37
176 $750,742.37 $2,523.16 $0.00 $4,244.81 $757,510.34
177 $757,510.34 $2,523.16 $0.00 $4,283.07 $764,316.57
178 $764,316.57 $2,523.16 $0.00 $4,321.56 $771,161.29
179 $771,161.29 $2,523.16 $0.00 $4,360.26 $778,044.71
180 $778,044.71 $2,523.16 $0.00 $4,399.18 $784,967.05
181 $784,967.05 $2,523.16 $0.00 $4,438.32 $791,928.53
182 $791,928.53 $2,523.16 $0.00 $4,477.68 $798,929.37
183 $798,929.37 $2,523.16 $0.00 $4,517.26 $805,969.79
184 $805,969.79 $2,523.16 $0.00 $4,557.07 $813,050.02
185 $813,050.02 $2,523.16 $0.00 $4,597.10 $820,170.28
186 $820,170.28 $2,523.16 $0.00 $4,637.36 $827,330.80
187 $827,330.80 $2,523.16 $0.00 $4,677.85 $834,531.81
188 $834,531.81 $2,523.16 $0.00 $4,718.56 $841,773.53
189 $841,773.53 $2,523.16 $0.00 $4,759.51 $849,056.20
190 $849,056.20 $2,523.16 $0.00 $4,800.69 $856,380.05
191 $856,380.05 $2,523.16 $0.00 $4,842.10 $863,745.31
192 $863,745.31 $2,523.16 $0.00 $4,883.74 $871,152.21
193 $871,152.21 $2,523.16 $0.00 $4,925.62 $878,600.99
194 $878,600.99 $2,523.16 $0.00 $4,967.74 $886,091.89
195 $886,091.89 $2,523.16 $0.00 $5,010.09 $893,625.14
196 $893,625.14 $2,523.16 $0.00 $5,052.69 $901,200.99
197 $901,200.99 $2,523.16 $0.00 $5,095.52 $908,819.67
198 $908,819.67 $2,523.16 $0.00 $5,138.60 $916,481.43
199 $916,481.43 $2,523.16 $0.00 $5,181.92 $924,186.51
200 $924,186.51 $2,523.16 $0.00 $5,225.48 $931,935.15
201 $931,935.15 $2,523.16 $0.00 $5,269.30 $939,727.61
202 $939,727.61 $2,523.16 $0.00 $5,313.36 $947,564.13
203 $947,564.13 $2,523.16 $0.00 $5,357.67 $955,444.96
204 $955,444.96 $2,523.16 $0.00 $5,402.22 $963,370.34
205 $963,370.34 $2,523.16 $0.00 $5,447.04 $971,340.54
206 $971,340.54 $2,523.16 $0.00 $5,492.10 $979,355.80
207 $979,355.80 $2,523.16 $0.00 $5,537.42 $987,416.38
208 $987,416.38 $2,523.16 $0.00 $5,583.00 $995,522.54
209 $995,522.54 $2,523.16 $0.00 $5,628.83 $1,003,674.53
210 $1,003,674.53 $2,523.16 $0.00 $5,674.92 $1,011,872.61
211 $1,011,872.61 $2,523.16 $0.00 $5,721.27 $1,020,117.04
212 $1,020,117.04 $2,523.16 $0.00 $5,767.89 $1,028,408.09
213 $1,028,408.09 $2,523.16 $0.00 $5,814.77 $1,036,746.02
214 $1,036,746.02 $2,523.16 $0.00 $5,861.91 $1,045,131.09
215 $1,045,131.09 $2,523.16 $0.00 $5,909.32 $1,053,563.57
216 $1,053,563.57 $2,523.16 $0.00 $5,957.00 $1,062,043.73
217 $1,062,043.73 $2,523.16 $287,622.10 $6,004.95 $782,949.74
218 $782,949.74 $2,523.16 $0.00 $4,426.91 $789,899.81
219 $789,899.81 $2,523.16 $0.00 $4,466.21 $796,889.18
220 $796,889.18 $2,523.16 $0.00 $4,505.73 $803,918.07
221 $803,918.07 $2,523.16 $0.00 $4,545.47 $810,986.70
222 $810,986.70 $2,523.16 $0.00 $4,585.44 $818,095.30
223 $818,095.30 $2,523.16 $0.00 $4,625.63 $825,244.09
224 $825,244.09 $2,523.16 $0.00 $4,666.05 $832,433.30
225 $832,433.30 $2,523.16 $0.00 $4,706.70 $839,663.16
226 $839,663.16 $2,523.16 $0.00 $4,747.58 $846,933.90
227 $846,933.90 $2,523.16 $0.00 $4,788.69 $854,245.75
228 $854,245.75 $2,523.16 $0.00 $4,830.03 $861,598.94
229 $861,598.94 $2,523.16 $307,755.64 $4,871.61 $561,238.07
230 $561,238.07 $2,523.16 $0.00 $3,173.32 $566,934.55
231 $566,934.55 $2,523.16 $0.00 $3,205.53 $572,663.24
232 $572,663.24 $2,523.16 $0.00 $3,237.92 $578,424.32
233 $578,424.32 $2,523.16 $0.00 $3,270.50 $584,217.98
234 $584,217.98 $2,523.16 $0.00 $3,303.25 $590,044.39
235 $590,044.39 $2,523.16 $0.00 $3,336.20 $595,903.75
236 $595,903.75 $2,523.16 $0.00 $3,369.33 $601,796.24
237 $601,796.24 $2,523.16 $0.00 $3,402.64 $607,722.04
238 $607,722.04 $2,523.16 $0.00 $3,436.15 $613,681.35
239 $613,681.35 $2,523.16 $0.00 $3,469.84 $619,674.35
240 $619,674.35 $2,523.16 $0.00 $3,503.73 $625,701.24
241 $625,701.24 $2,523.16 $329,298.54 $3,537.81 $302,463.67
242 $302,463.67 $2,523.16 $0.00 $1,710.17 $306,697.00
243 $306,697.00 $2,523.16 $0.00 $1,734.11 $310,954.27
244 $310,954.27 $2,523.16 $0.00 $1,758.18 $315,235.61
245 $315,235.61 $2,523.16 $0.00 $1,782.39 $319,541.16
246 $319,541.16 $2,523.16 $0.00 $1,806.73 $323,871.05
247 $323,871.05 $2,523.16 $0.00 $1,831.21 $328,225.42
248 $328,225.42 $2,523.16 $0.00 $1,855.83 $332,604.41
249 $332,604.41 $2,523.16 $0.00 $1,880.59 $337,008.16
250 $337,008.16 $2,523.16 $0.00 $1,905.49 $341,436.81
251 $341,436.81 $2,523.16 $0.00 $1,930.53 $345,890.50
252 $345,890.50 $2,523.16 $0.00 $1,955.72 $350,369.38
253 $350,369.38 $0.00 $352,349.44 $1,981.04 $0.98