Savings Plan and Future Cost Estimation for Davidson College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$284,621
Monthly savings required$2,249

How much will it cost to send your child to Davidson College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $1,138,483.80 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $2,249.43 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$75,865.00
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 $2,249.43 $0.00 $0.00 $2,249.43
2 $2,249.43 $2,249.43 $0.00 $12.72 $4,511.58
3 $4,511.58 $2,249.43 $0.00 $25.51 $6,786.52
4 $6,786.52 $2,249.43 $0.00 $38.37 $9,074.32
5 $9,074.32 $2,249.43 $0.00 $51.31 $11,375.06
6 $11,375.06 $2,249.43 $0.00 $64.32 $13,688.81
7 $13,688.81 $2,249.43 $0.00 $77.40 $16,015.64
8 $16,015.64 $2,249.43 $0.00 $90.55 $18,355.62
9 $18,355.62 $2,249.43 $0.00 $103.79 $20,708.84
10 $20,708.84 $2,249.43 $0.00 $117.09 $23,075.36
11 $23,075.36 $2,249.43 $0.00 $130.47 $25,455.26
12 $25,455.26 $2,249.43 $0.00 $143.93 $27,848.62
13 $27,848.62 $2,249.43 $0.00 $157.46 $30,255.51
14 $30,255.51 $2,249.43 $0.00 $171.07 $32,676.01
15 $32,676.01 $2,249.43 $0.00 $184.75 $35,110.19
16 $35,110.19 $2,249.43 $0.00 $198.52 $37,558.14
17 $37,558.14 $2,249.43 $0.00 $212.36 $40,019.93
18 $40,019.93 $2,249.43 $0.00 $226.28 $42,495.64
19 $42,495.64 $2,249.43 $0.00 $240.28 $44,985.35
20 $44,985.35 $2,249.43 $0.00 $254.35 $47,489.13
21 $47,489.13 $2,249.43 $0.00 $268.51 $50,007.07
22 $50,007.07 $2,249.43 $0.00 $282.75 $52,539.25
23 $52,539.25 $2,249.43 $0.00 $297.06 $55,085.74
24 $55,085.74 $2,249.43 $0.00 $311.46 $57,646.63
25 $57,646.63 $2,249.43 $0.00 $325.94 $60,222.00
26 $60,222.00 $2,249.43 $0.00 $340.50 $62,811.93
27 $62,811.93 $2,249.43 $0.00 $355.15 $65,416.51
28 $65,416.51 $2,249.43 $0.00 $369.87 $68,035.81
29 $68,035.81 $2,249.43 $0.00 $384.68 $70,669.92
30 $70,669.92 $2,249.43 $0.00 $399.58 $73,318.93
31 $73,318.93 $2,249.43 $0.00 $414.56 $75,982.92
32 $75,982.92 $2,249.43 $0.00 $429.62 $78,661.97
33 $78,661.97 $2,249.43 $0.00 $444.77 $81,356.17
34 $81,356.17 $2,249.43 $0.00 $460.00 $84,065.60
35 $84,065.60 $2,249.43 $0.00 $475.32 $86,790.35
36 $86,790.35 $2,249.43 $0.00 $490.73 $89,530.51
37 $89,530.51 $2,249.43 $0.00 $506.22 $92,286.16
38 $92,286.16 $2,249.43 $0.00 $521.80 $95,057.39
39 $95,057.39 $2,249.43 $0.00 $537.47 $97,844.29
40 $97,844.29 $2,249.43 $0.00 $553.23 $100,646.95
41 $100,646.95 $2,249.43 $0.00 $569.07 $103,465.45
42 $103,465.45 $2,249.43 $0.00 $585.01 $106,299.89
43 $106,299.89 $2,249.43 $0.00 $601.04 $109,150.36
44 $109,150.36 $2,249.43 $0.00 $617.15 $112,016.94
45 $112,016.94 $2,249.43 $0.00 $633.36 $114,899.73
46 $114,899.73 $2,249.43 $0.00 $649.66 $117,798.82
47 $117,798.82 $2,249.43 $0.00 $666.05 $120,714.30
48 $120,714.30 $2,249.43 $0.00 $682.54 $123,646.27
49 $123,646.27 $2,249.43 $0.00 $699.11 $126,594.81
50 $126,594.81 $2,249.43 $0.00 $715.79 $129,560.03
51 $129,560.03 $2,249.43 $0.00 $732.55 $132,542.01
52 $132,542.01 $2,249.43 $0.00 $749.41 $135,540.85
53 $135,540.85 $2,249.43 $0.00 $766.37 $138,556.65
54 $138,556.65 $2,249.43 $0.00 $783.42 $141,589.50
55 $141,589.50 $2,249.43 $0.00 $800.57 $144,639.50
56 $144,639.50 $2,249.43 $0.00 $817.81 $147,706.74
57 $147,706.74 $2,249.43 $0.00 $835.16 $150,791.33
58 $150,791.33 $2,249.43 $0.00 $852.60 $153,893.36
59 $153,893.36 $2,249.43 $0.00 $870.14 $157,012.93
60 $157,012.93 $2,249.43 $0.00 $887.77 $160,150.13
61 $160,150.13 $2,249.43 $0.00 $905.51 $163,305.07
62 $163,305.07 $2,249.43 $0.00 $923.35 $166,477.85
63 $166,477.85 $2,249.43 $0.00 $941.29 $169,668.57
64 $169,668.57 $2,249.43 $0.00 $959.33 $172,877.33
65 $172,877.33 $2,249.43 $0.00 $977.47 $176,104.23
66 $176,104.23 $2,249.43 $0.00 $995.72 $179,349.38
67 $179,349.38 $2,249.43 $0.00 $1,014.07 $182,612.88
68 $182,612.88 $2,249.43 $0.00 $1,032.52 $185,894.83
69 $185,894.83 $2,249.43 $0.00 $1,051.08 $189,195.34
70 $189,195.34 $2,249.43 $0.00 $1,069.74 $192,514.51
71 $192,514.51 $2,249.43 $0.00 $1,088.51 $195,852.45
72 $195,852.45 $2,249.43 $0.00 $1,107.38 $199,209.26
73 $199,209.26 $2,249.43 $0.00 $1,126.36 $202,585.05
74 $202,585.05 $2,249.43 $0.00 $1,145.45 $205,979.93
75 $205,979.93 $2,249.43 $0.00 $1,164.64 $209,394.00
76 $209,394.00 $2,249.43 $0.00 $1,183.94 $212,827.37
77 $212,827.37 $2,249.43 $0.00 $1,203.36 $216,280.16
78 $216,280.16 $2,249.43 $0.00 $1,222.88 $219,752.47
79 $219,752.47 $2,249.43 $0.00 $1,242.51 $223,244.41
80 $223,244.41 $2,249.43 $0.00 $1,262.26 $226,756.10
81 $226,756.10 $2,249.43 $0.00 $1,282.11 $230,287.64
82 $230,287.64 $2,249.43 $0.00 $1,302.08 $233,839.15
83 $233,839.15 $2,249.43 $0.00 $1,322.16 $237,410.74
84 $237,410.74 $2,249.43 $0.00 $1,342.35 $241,002.52
85 $241,002.52 $2,249.43 $0.00 $1,362.66 $244,614.61
86 $244,614.61 $2,249.43 $0.00 $1,383.09 $248,247.13
87 $248,247.13 $2,249.43 $0.00 $1,403.63 $251,900.19
88 $251,900.19 $2,249.43 $0.00 $1,424.28 $255,573.90
89 $255,573.90 $2,249.43 $0.00 $1,445.05 $259,268.38
90 $259,268.38 $2,249.43 $0.00 $1,465.94 $262,983.75
91 $262,983.75 $2,249.43 $0.00 $1,486.95 $266,720.13
92 $266,720.13 $2,249.43 $0.00 $1,508.07 $270,477.63
93 $270,477.63 $2,249.43 $0.00 $1,529.32 $274,256.38
94 $274,256.38 $2,249.43 $0.00 $1,550.69 $278,056.50
95 $278,056.50 $2,249.43 $0.00 $1,572.17 $281,878.10
96 $281,878.10 $2,249.43 $0.00 $1,593.78 $285,721.31
97 $285,721.31 $2,249.43 $0.00 $1,615.51 $289,586.25
98 $289,586.25 $2,249.43 $0.00 $1,637.36 $293,473.04
99 $293,473.04 $2,249.43 $0.00 $1,659.34 $297,381.81
100 $297,381.81 $2,249.43 $0.00 $1,681.44 $301,312.68
101 $301,312.68 $2,249.43 $0.00 $1,703.67 $305,265.78
102 $305,265.78 $2,249.43 $0.00 $1,726.02 $309,241.23
103 $309,241.23 $2,249.43 $0.00 $1,748.49 $313,239.15
104 $313,239.15 $2,249.43 $0.00 $1,771.10 $317,259.68
105 $317,259.68 $2,249.43 $0.00 $1,793.83 $321,302.94
106 $321,302.94 $2,249.43 $0.00 $1,816.69 $325,369.06
107 $325,369.06 $2,249.43 $0.00 $1,839.68 $329,458.17
108 $329,458.17 $2,249.43 $0.00 $1,862.80 $333,570.40
109 $333,570.40 $2,249.43 $0.00 $1,886.06 $337,705.89
110 $337,705.89 $2,249.43 $0.00 $1,909.44 $341,864.76
111 $341,864.76 $2,249.43 $0.00 $1,932.95 $346,047.14
112 $346,047.14 $2,249.43 $0.00 $1,956.60 $350,253.17
113 $350,253.17 $2,249.43 $0.00 $1,980.38 $354,482.98
114 $354,482.98 $2,249.43 $0.00 $2,004.30 $358,736.71
115 $358,736.71 $2,249.43 $0.00 $2,028.35 $363,014.49
116 $363,014.49 $2,249.43 $0.00 $2,052.54 $367,316.46
117 $367,316.46 $2,249.43 $0.00 $2,076.86 $371,642.75
118 $371,642.75 $2,249.43 $0.00 $2,101.32 $375,993.50
119 $375,993.50 $2,249.43 $0.00 $2,125.92 $380,368.85
120 $380,368.85 $2,249.43 $0.00 $2,150.66 $384,768.94
121 $384,768.94 $2,249.43 $0.00 $2,175.54 $389,193.91
122 $389,193.91 $2,249.43 $0.00 $2,200.56 $393,643.90
123 $393,643.90 $2,249.43 $0.00 $2,225.72 $398,119.05
124 $398,119.05 $2,249.43 $0.00 $2,251.02 $402,619.50
125 $402,619.50 $2,249.43 $0.00 $2,276.47 $407,145.40
126 $407,145.40 $2,249.43 $0.00 $2,302.06 $411,696.89
127 $411,696.89 $2,249.43 $0.00 $2,327.79 $416,274.11
128 $416,274.11 $2,249.43 $0.00 $2,353.67 $420,877.21
129 $420,877.21 $2,249.43 $0.00 $2,379.70 $425,506.34
130 $425,506.34 $2,249.43 $0.00 $2,405.87 $430,161.64
131 $430,161.64 $2,249.43 $0.00 $2,432.20 $434,843.27
132 $434,843.27 $2,249.43 $0.00 $2,458.67 $439,551.37
133 $439,551.37 $2,249.43 $0.00 $2,485.29 $444,286.09
134 $444,286.09 $2,249.43 $0.00 $2,512.06 $449,047.58
135 $449,047.58 $2,249.43 $0.00 $2,538.98 $453,835.99
136 $453,835.99 $2,249.43 $0.00 $2,566.05 $458,651.47
137 $458,651.47 $2,249.43 $0.00 $2,593.28 $463,494.18
138 $463,494.18 $2,249.43 $0.00 $2,620.66 $468,364.27
139 $468,364.27 $2,249.43 $0.00 $2,648.20 $473,261.90
140 $473,261.90 $2,249.43 $0.00 $2,675.89 $478,187.22
141 $478,187.22 $2,249.43 $0.00 $2,703.74 $483,140.39
142 $483,140.39 $2,249.43 $0.00 $2,731.75 $488,121.57
143 $488,121.57 $2,249.43 $0.00 $2,759.91 $493,130.91
144 $493,130.91 $2,249.43 $0.00 $2,788.23 $498,168.57
145 $498,168.57 $2,249.43 $0.00 $2,816.72 $503,234.72
146 $503,234.72 $2,249.43 $0.00 $2,845.36 $508,329.51
147 $508,329.51 $2,249.43 $0.00 $2,874.17 $513,453.11
148 $513,453.11 $2,249.43 $0.00 $2,903.14 $518,605.68
149 $518,605.68 $2,249.43 $0.00 $2,932.27 $523,787.38
150 $523,787.38 $2,249.43 $0.00 $2,961.57 $528,998.38
151 $528,998.38 $2,249.43 $0.00 $2,991.03 $534,238.84
152 $534,238.84 $2,249.43 $0.00 $3,020.66 $539,508.93
153 $539,508.93 $2,249.43 $0.00 $3,050.46 $544,808.82
154 $544,808.82 $2,249.43 $0.00 $3,080.43 $550,138.68
155 $550,138.68 $2,249.43 $0.00 $3,110.56 $555,498.67
156 $555,498.67 $2,249.43 $0.00 $3,140.87 $560,888.97
157 $560,888.97 $2,249.43 $0.00 $3,171.35 $566,309.75
158 $566,309.75 $2,249.43 $0.00 $3,202.00 $571,761.18
159 $571,761.18 $2,249.43 $0.00 $3,232.82 $577,243.43
160 $577,243.43 $2,249.43 $0.00 $3,263.82 $582,756.68
161 $582,756.68 $2,249.43 $0.00 $3,294.99 $588,301.10
162 $588,301.10 $2,249.43 $0.00 $3,326.34 $593,876.87
163 $593,876.87 $2,249.43 $0.00 $3,357.87 $599,484.17
164 $599,484.17 $2,249.43 $0.00 $3,389.57 $605,123.17
165 $605,123.17 $2,249.43 $0.00 $3,421.45 $610,794.05
166 $610,794.05 $2,249.43 $0.00 $3,453.52 $616,497.00
167 $616,497.00 $2,249.43 $0.00 $3,485.76 $622,232.19
168 $622,232.19 $2,249.43 $0.00 $3,518.19 $627,999.81
169 $627,999.81 $2,249.43 $0.00 $3,550.80 $633,800.04
170 $633,800.04 $2,249.43 $0.00 $3,583.60 $639,633.07
171 $639,633.07 $2,249.43 $0.00 $3,616.58 $645,499.08
172 $645,499.08 $2,249.43 $0.00 $3,649.75 $651,398.26
173 $651,398.26 $2,249.43 $0.00 $3,683.10 $657,330.79
174 $657,330.79 $2,249.43 $0.00 $3,716.64 $663,296.86
175 $663,296.86 $2,249.43 $0.00 $3,750.38 $669,296.67
176 $669,296.67 $2,249.43 $0.00 $3,784.30 $675,330.40
177 $675,330.40 $2,249.43 $0.00 $3,818.42 $681,398.25
178 $681,398.25 $2,249.43 $0.00 $3,852.72 $687,500.40
179 $687,500.40 $2,249.43 $0.00 $3,887.23 $693,637.06
180 $693,637.06 $2,249.43 $0.00 $3,921.92 $699,808.41
181 $699,808.41 $2,249.43 $0.00 $3,956.82 $706,014.66
182 $706,014.66 $2,249.43 $0.00 $3,991.91 $712,256.00
183 $712,256.00 $2,249.43 $0.00 $4,027.20 $718,532.63
184 $718,532.63 $2,249.43 $0.00 $4,062.69 $724,844.75
185 $724,844.75 $2,249.43 $0.00 $4,098.38 $731,192.56
186 $731,192.56 $2,249.43 $0.00 $4,134.27 $737,576.26
187 $737,576.26 $2,249.43 $0.00 $4,170.36 $743,996.05
188 $743,996.05 $2,249.43 $0.00 $4,206.66 $750,452.14
189 $750,452.14 $2,249.43 $0.00 $4,243.17 $756,944.74
190 $756,944.74 $2,249.43 $0.00 $4,279.88 $763,474.05
191 $763,474.05 $2,249.43 $0.00 $4,316.79 $770,040.27
192 $770,040.27 $2,249.43 $0.00 $4,353.92 $776,643.62
193 $776,643.62 $2,249.43 $0.00 $4,391.26 $783,284.31
194 $783,284.31 $2,249.43 $0.00 $4,428.80 $789,962.54
195 $789,962.54 $2,249.43 $0.00 $4,466.56 $796,678.53
196 $796,678.53 $2,249.43 $0.00 $4,504.54 $803,432.50
197 $803,432.50 $2,249.43 $0.00 $4,542.72 $810,224.65
198 $810,224.65 $2,249.43 $0.00 $4,581.13 $817,055.21
199 $817,055.21 $2,249.43 $0.00 $4,619.75 $823,924.39
200 $823,924.39 $2,249.43 $0.00 $4,658.59 $830,832.41
201 $830,832.41 $2,249.43 $0.00 $4,697.65 $837,779.49
202 $837,779.49 $2,249.43 $0.00 $4,736.93 $844,765.85
203 $844,765.85 $2,249.43 $0.00 $4,776.43 $851,791.71
204 $851,791.71 $2,249.43 $0.00 $4,816.15 $858,857.29
205 $858,857.29 $2,249.43 $0.00 $4,856.10 $865,962.82
206 $865,962.82 $2,249.43 $0.00 $4,896.28 $873,108.53
207 $873,108.53 $2,249.43 $0.00 $4,936.68 $880,294.64
208 $880,294.64 $2,249.43 $0.00 $4,977.31 $887,521.38
209 $887,521.38 $2,249.43 $0.00 $5,018.17 $894,788.98
210 $894,788.98 $2,249.43 $0.00 $5,059.27 $902,097.68
211 $902,097.68 $2,249.43 $0.00 $5,100.59 $909,447.70
212 $909,447.70 $2,249.43 $0.00 $5,142.15 $916,839.28
213 $916,839.28 $2,249.43 $0.00 $5,183.94 $924,272.65
214 $924,272.65 $2,249.43 $0.00 $5,225.97 $931,748.05
215 $931,748.05 $2,249.43 $0.00 $5,268.24 $939,265.72
216 $939,265.72 $2,249.43 $0.00 $5,310.74 $946,825.89
217 $946,825.89 $2,249.43 $256,418.56 $5,353.49 $698,010.25
218 $698,010.25 $2,249.43 $0.00 $3,946.65 $704,206.33
219 $704,206.33 $2,249.43 $0.00 $3,981.68 $710,437.44
220 $710,437.44 $2,249.43 $0.00 $4,016.92 $716,703.79
221 $716,703.79 $2,249.43 $0.00 $4,052.35 $723,005.57
222 $723,005.57 $2,249.43 $0.00 $4,087.98 $729,342.98
223 $729,342.98 $2,249.43 $0.00 $4,123.81 $735,716.22
224 $735,716.22 $2,249.43 $0.00 $4,159.85 $742,125.50
225 $742,125.50 $2,249.43 $0.00 $4,196.09 $748,571.02
226 $748,571.02 $2,249.43 $0.00 $4,232.53 $755,052.98
227 $755,052.98 $2,249.43 $0.00 $4,269.18 $761,571.59
228 $761,571.59 $2,249.43 $0.00 $4,306.04 $768,127.06
229 $768,127.06 $2,249.43 $274,367.86 $4,343.10 $500,351.73
230 $500,351.73 $2,249.43 $0.00 $2,829.06 $505,430.22
231 $505,430.22 $2,249.43 $0.00 $2,857.78 $510,537.43
232 $510,537.43 $2,249.43 $0.00 $2,886.65 $515,673.51
233 $515,673.51 $2,249.43 $0.00 $2,915.69 $520,838.63
234 $520,838.63 $2,249.43 $0.00 $2,944.90 $526,032.96
235 $526,032.96 $2,249.43 $0.00 $2,974.27 $531,256.66
236 $531,256.66 $2,249.43 $0.00 $3,003.80 $536,509.89
237 $536,509.89 $2,249.43 $0.00 $3,033.50 $541,792.82
238 $541,792.82 $2,249.43 $0.00 $3,063.38 $547,105.63
239 $547,105.63 $2,249.43 $0.00 $3,093.41 $552,448.47
240 $552,448.47 $2,249.43 $0.00 $3,123.62 $557,821.52
241 $557,821.52 $2,249.43 $293,573.61 $3,154.00 $269,651.34
242 $269,651.34 $2,249.43 $0.00 $1,524.65 $273,425.42
243 $273,425.42 $2,249.43 $0.00 $1,545.99 $277,220.84
244 $277,220.84 $2,249.43 $0.00 $1,567.45 $281,037.72
245 $281,037.72 $2,249.43 $0.00 $1,589.03 $284,876.18
246 $284,876.18 $2,249.43 $0.00 $1,610.73 $288,736.34
247 $288,736.34 $2,249.43 $0.00 $1,632.56 $292,618.33
248 $292,618.33 $2,249.43 $0.00 $1,654.51 $296,522.27
249 $296,522.27 $2,249.43 $0.00 $1,676.58 $300,448.28
250 $300,448.28 $2,249.43 $0.00 $1,698.78 $304,396.49
251 $304,396.49 $2,249.43 $0.00 $1,721.10 $308,367.02
252 $308,367.02 $2,249.43 $0.00 $1,743.55 $312,360.00
253 $312,360.00 $0.00 $314,123.76 $1,766.13 $2.37