Savings Plan and Future Cost Estimation for Montreat College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$172,183
Monthly savings required$1,361

How much will it cost to send your child to Montreat College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $688,732.80 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,360.81 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$45,895.00
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 $1,360.81 $0.00 $0.00 $1,360.81
2 $1,360.81 $1,360.81 $0.00 $7.69 $2,729.31
3 $2,729.31 $1,360.81 $0.00 $15.43 $4,105.55
4 $4,105.55 $1,360.81 $0.00 $23.21 $5,489.57
5 $5,489.57 $1,360.81 $0.00 $31.04 $6,881.42
6 $6,881.42 $1,360.81 $0.00 $38.91 $8,281.14
7 $8,281.14 $1,360.81 $0.00 $46.82 $9,688.77
8 $9,688.77 $1,360.81 $0.00 $54.78 $11,104.36
9 $11,104.36 $1,360.81 $0.00 $62.79 $12,527.96
10 $12,527.96 $1,360.81 $0.00 $70.83 $13,959.60
11 $13,959.60 $1,360.81 $0.00 $78.93 $15,399.34
12 $15,399.34 $1,360.81 $0.00 $87.07 $16,847.22
13 $16,847.22 $1,360.81 $0.00 $95.26 $18,303.29
14 $18,303.29 $1,360.81 $0.00 $103.49 $19,767.59
15 $19,767.59 $1,360.81 $0.00 $111.77 $21,240.17
16 $21,240.17 $1,360.81 $0.00 $120.10 $22,721.08
17 $22,721.08 $1,360.81 $0.00 $128.47 $24,210.36
18 $24,210.36 $1,360.81 $0.00 $136.89 $25,708.06
19 $25,708.06 $1,360.81 $0.00 $145.36 $27,214.23
20 $27,214.23 $1,360.81 $0.00 $153.87 $28,728.91
21 $28,728.91 $1,360.81 $0.00 $162.44 $30,252.16
22 $30,252.16 $1,360.81 $0.00 $171.05 $31,784.02
23 $31,784.02 $1,360.81 $0.00 $179.71 $33,324.54
24 $33,324.54 $1,360.81 $0.00 $188.42 $34,873.77
25 $34,873.77 $1,360.81 $0.00 $197.18 $36,431.76
26 $36,431.76 $1,360.81 $0.00 $205.99 $37,998.56
27 $37,998.56 $1,360.81 $0.00 $214.85 $39,574.22
28 $39,574.22 $1,360.81 $0.00 $223.76 $41,158.79
29 $41,158.79 $1,360.81 $0.00 $232.72 $42,752.32
30 $42,752.32 $1,360.81 $0.00 $241.73 $44,354.86
31 $44,354.86 $1,360.81 $0.00 $250.79 $45,966.46
32 $45,966.46 $1,360.81 $0.00 $259.90 $47,587.17
33 $47,587.17 $1,360.81 $0.00 $269.06 $49,217.04
34 $49,217.04 $1,360.81 $0.00 $278.28 $50,856.13
35 $50,856.13 $1,360.81 $0.00 $287.55 $52,504.49
36 $52,504.49 $1,360.81 $0.00 $296.87 $54,162.17
37 $54,162.17 $1,360.81 $0.00 $306.24 $55,829.22
38 $55,829.22 $1,360.81 $0.00 $315.67 $57,505.70
39 $57,505.70 $1,360.81 $0.00 $325.15 $59,191.66
40 $59,191.66 $1,360.81 $0.00 $334.68 $60,887.15
41 $60,887.15 $1,360.81 $0.00 $344.26 $62,592.22
42 $62,592.22 $1,360.81 $0.00 $353.91 $64,306.94
43 $64,306.94 $1,360.81 $0.00 $363.60 $66,031.35
44 $66,031.35 $1,360.81 $0.00 $373.35 $67,765.51
45 $67,765.51 $1,360.81 $0.00 $383.16 $69,509.48
46 $69,509.48 $1,360.81 $0.00 $393.02 $71,263.31
47 $71,263.31 $1,360.81 $0.00 $402.93 $73,027.05
48 $73,027.05 $1,360.81 $0.00 $412.91 $74,800.77
49 $74,800.77 $1,360.81 $0.00 $422.93 $76,584.51
50 $76,584.51 $1,360.81 $0.00 $433.02 $78,378.34
51 $78,378.34 $1,360.81 $0.00 $443.16 $80,182.31
52 $80,182.31 $1,360.81 $0.00 $453.36 $81,996.48
53 $81,996.48 $1,360.81 $0.00 $463.62 $83,820.91
54 $83,820.91 $1,360.81 $0.00 $473.94 $85,655.66
55 $85,655.66 $1,360.81 $0.00 $484.31 $87,500.78
56 $87,500.78 $1,360.81 $0.00 $494.74 $89,356.33
57 $89,356.33 $1,360.81 $0.00 $505.23 $91,222.37
58 $91,222.37 $1,360.81 $0.00 $515.78 $93,098.96
59 $93,098.96 $1,360.81 $0.00 $526.40 $94,986.17
60 $94,986.17 $1,360.81 $0.00 $537.07 $96,884.05
61 $96,884.05 $1,360.81 $0.00 $547.80 $98,792.66
62 $98,792.66 $1,360.81 $0.00 $558.59 $100,712.06
63 $100,712.06 $1,360.81 $0.00 $569.44 $102,642.31
64 $102,642.31 $1,360.81 $0.00 $580.35 $104,583.47
65 $104,583.47 $1,360.81 $0.00 $591.33 $106,535.61
66 $106,535.61 $1,360.81 $0.00 $602.37 $108,498.79
67 $108,498.79 $1,360.81 $0.00 $613.47 $110,473.07
68 $110,473.07 $1,360.81 $0.00 $624.63 $112,458.51
69 $112,458.51 $1,360.81 $0.00 $635.86 $114,455.18
70 $114,455.18 $1,360.81 $0.00 $647.15 $116,463.14
71 $116,463.14 $1,360.81 $0.00 $658.50 $118,482.45
72 $118,482.45 $1,360.81 $0.00 $669.92 $120,513.18
73 $120,513.18 $1,360.81 $0.00 $681.40 $122,555.39
74 $122,555.39 $1,360.81 $0.00 $692.95 $124,609.15
75 $124,609.15 $1,360.81 $0.00 $704.56 $126,674.52
76 $126,674.52 $1,360.81 $0.00 $716.24 $128,751.57
77 $128,751.57 $1,360.81 $0.00 $727.98 $130,840.36
78 $130,840.36 $1,360.81 $0.00 $739.79 $132,940.96
79 $132,940.96 $1,360.81 $0.00 $751.67 $135,053.44
80 $135,053.44 $1,360.81 $0.00 $763.61 $137,177.86
81 $137,177.86 $1,360.81 $0.00 $775.62 $139,314.29
82 $139,314.29 $1,360.81 $0.00 $787.70 $141,462.80
83 $141,462.80 $1,360.81 $0.00 $799.85 $143,623.46
84 $143,623.46 $1,360.81 $0.00 $812.07 $145,796.34
85 $145,796.34 $1,360.81 $0.00 $824.35 $147,981.50
86 $147,981.50 $1,360.81 $0.00 $836.71 $150,179.02
87 $150,179.02 $1,360.81 $0.00 $849.13 $152,388.96
88 $152,388.96 $1,360.81 $0.00 $861.63 $154,611.40
89 $154,611.40 $1,360.81 $0.00 $874.20 $156,846.41
90 $156,846.41 $1,360.81 $0.00 $886.83 $159,094.05
91 $159,094.05 $1,360.81 $0.00 $899.54 $161,354.40
92 $161,354.40 $1,360.81 $0.00 $912.32 $163,627.53
93 $163,627.53 $1,360.81 $0.00 $925.17 $165,913.51
94 $165,913.51 $1,360.81 $0.00 $938.10 $168,212.42
95 $168,212.42 $1,360.81 $0.00 $951.10 $170,524.33
96 $170,524.33 $1,360.81 $0.00 $964.17 $172,849.31
97 $172,849.31 $1,360.81 $0.00 $977.32 $175,187.44
98 $175,187.44 $1,360.81 $0.00 $990.54 $177,538.79
99 $177,538.79 $1,360.81 $0.00 $1,003.83 $179,903.43
100 $179,903.43 $1,360.81 $0.00 $1,017.20 $182,281.44
101 $182,281.44 $1,360.81 $0.00 $1,030.65 $184,672.90
102 $184,672.90 $1,360.81 $0.00 $1,044.17 $187,077.88
103 $187,077.88 $1,360.81 $0.00 $1,057.77 $189,496.46
104 $189,496.46 $1,360.81 $0.00 $1,071.44 $191,928.71
105 $191,928.71 $1,360.81 $0.00 $1,085.19 $194,374.71
106 $194,374.71 $1,360.81 $0.00 $1,099.02 $196,834.54
107 $196,834.54 $1,360.81 $0.00 $1,112.93 $199,308.28
108 $199,308.28 $1,360.81 $0.00 $1,126.92 $201,796.01
109 $201,796.01 $1,360.81 $0.00 $1,140.98 $204,297.80
110 $204,297.80 $1,360.81 $0.00 $1,155.13 $206,813.74
111 $206,813.74 $1,360.81 $0.00 $1,169.35 $209,343.90
112 $209,343.90 $1,360.81 $0.00 $1,183.66 $211,888.37
113 $211,888.37 $1,360.81 $0.00 $1,198.05 $214,447.23
114 $214,447.23 $1,360.81 $0.00 $1,212.52 $217,020.56
115 $217,020.56 $1,360.81 $0.00 $1,227.07 $219,608.44
116 $219,608.44 $1,360.81 $0.00 $1,241.70 $222,210.95
117 $222,210.95 $1,360.81 $0.00 $1,256.41 $224,828.17
118 $224,828.17 $1,360.81 $0.00 $1,271.21 $227,460.19
119 $227,460.19 $1,360.81 $0.00 $1,286.09 $230,107.09
120 $230,107.09 $1,360.81 $0.00 $1,301.06 $232,768.96
121 $232,768.96 $1,360.81 $0.00 $1,316.11 $235,445.88
122 $235,445.88 $1,360.81 $0.00 $1,331.25 $238,137.94
123 $238,137.94 $1,360.81 $0.00 $1,346.47 $240,845.22
124 $240,845.22 $1,360.81 $0.00 $1,361.77 $243,567.80
125 $243,567.80 $1,360.81 $0.00 $1,377.17 $246,305.78
126 $246,305.78 $1,360.81 $0.00 $1,392.65 $249,059.24
127 $249,059.24 $1,360.81 $0.00 $1,408.22 $251,828.27
128 $251,828.27 $1,360.81 $0.00 $1,423.87 $254,612.95
129 $254,612.95 $1,360.81 $0.00 $1,439.62 $257,413.38
130 $257,413.38 $1,360.81 $0.00 $1,455.45 $260,229.64
131 $260,229.64 $1,360.81 $0.00 $1,471.38 $263,061.83
132 $263,061.83 $1,360.81 $0.00 $1,487.39 $265,910.03
133 $265,910.03 $1,360.81 $0.00 $1,503.49 $268,774.33
134 $268,774.33 $1,360.81 $0.00 $1,519.69 $271,654.83
135 $271,654.83 $1,360.81 $0.00 $1,535.98 $274,551.62
136 $274,551.62 $1,360.81 $0.00 $1,552.35 $277,464.78
137 $277,464.78 $1,360.81 $0.00 $1,568.83 $280,394.42
138 $280,394.42 $1,360.81 $0.00 $1,585.39 $283,340.62
139 $283,340.62 $1,360.81 $0.00 $1,602.05 $286,303.48
140 $286,303.48 $1,360.81 $0.00 $1,618.80 $289,283.09
141 $289,283.09 $1,360.81 $0.00 $1,635.65 $292,279.55
142 $292,279.55 $1,360.81 $0.00 $1,652.59 $295,292.95
143 $295,292.95 $1,360.81 $0.00 $1,669.63 $298,323.39
144 $298,323.39 $1,360.81 $0.00 $1,686.76 $301,370.96
145 $301,370.96 $1,360.81 $0.00 $1,704.00 $304,435.77
146 $304,435.77 $1,360.81 $0.00 $1,721.32 $307,517.90
147 $307,517.90 $1,360.81 $0.00 $1,738.75 $310,617.46
148 $310,617.46 $1,360.81 $0.00 $1,756.28 $313,734.55
149 $313,734.55 $1,360.81 $0.00 $1,773.90 $316,869.26
150 $316,869.26 $1,360.81 $0.00 $1,791.62 $320,021.69
151 $320,021.69 $1,360.81 $0.00 $1,809.45 $323,191.95
152 $323,191.95 $1,360.81 $0.00 $1,827.37 $326,380.13
153 $326,380.13 $1,360.81 $0.00 $1,845.40 $329,586.34
154 $329,586.34 $1,360.81 $0.00 $1,863.53 $332,810.68
155 $332,810.68 $1,360.81 $0.00 $1,881.76 $336,053.25
156 $336,053.25 $1,360.81 $0.00 $1,900.09 $339,314.15
157 $339,314.15 $1,360.81 $0.00 $1,918.53 $342,593.49
158 $342,593.49 $1,360.81 $0.00 $1,937.07 $345,891.37
159 $345,891.37 $1,360.81 $0.00 $1,955.72 $349,207.90
160 $349,207.90 $1,360.81 $0.00 $1,974.47 $352,543.18
161 $352,543.18 $1,360.81 $0.00 $1,993.33 $355,897.32
162 $355,897.32 $1,360.81 $0.00 $2,012.30 $359,270.43
163 $359,270.43 $1,360.81 $0.00 $2,031.37 $362,662.61
164 $362,662.61 $1,360.81 $0.00 $2,050.55 $366,073.97
165 $366,073.97 $1,360.81 $0.00 $2,069.84 $369,504.62
166 $369,504.62 $1,360.81 $0.00 $2,089.23 $372,954.66
167 $372,954.66 $1,360.81 $0.00 $2,108.74 $376,424.21
168 $376,424.21 $1,360.81 $0.00 $2,128.36 $379,913.38
169 $379,913.38 $1,360.81 $0.00 $2,148.09 $383,422.28
170 $383,422.28 $1,360.81 $0.00 $2,167.93 $386,951.02
171 $386,951.02 $1,360.81 $0.00 $2,187.88 $390,499.71
172 $390,499.71 $1,360.81 $0.00 $2,207.94 $394,068.46
173 $394,068.46 $1,360.81 $0.00 $2,228.12 $397,657.39
174 $397,657.39 $1,360.81 $0.00 $2,248.41 $401,266.61
175 $401,266.61 $1,360.81 $0.00 $2,268.82 $404,896.24
176 $404,896.24 $1,360.81 $0.00 $2,289.34 $408,546.39
177 $408,546.39 $1,360.81 $0.00 $2,309.98 $412,217.18
178 $412,217.18 $1,360.81 $0.00 $2,330.74 $415,908.73
179 $415,908.73 $1,360.81 $0.00 $2,351.61 $419,621.15
180 $419,621.15 $1,360.81 $0.00 $2,372.60 $423,354.56
181 $423,354.56 $1,360.81 $0.00 $2,393.71 $427,109.08
182 $427,109.08 $1,360.81 $0.00 $2,414.94 $430,884.83
183 $430,884.83 $1,360.81 $0.00 $2,436.29 $434,681.93
184 $434,681.93 $1,360.81 $0.00 $2,457.75 $438,500.49
185 $438,500.49 $1,360.81 $0.00 $2,479.35 $442,340.65
186 $442,340.65 $1,360.81 $0.00 $2,501.06 $446,202.52
187 $446,202.52 $1,360.81 $0.00 $2,522.89 $450,086.22
188 $450,086.22 $1,360.81 $0.00 $2,544.85 $453,991.88
189 $453,991.88 $1,360.81 $0.00 $2,566.94 $457,919.63
190 $457,919.63 $1,360.81 $0.00 $2,589.14 $461,869.58
191 $461,869.58 $1,360.81 $0.00 $2,611.48 $465,841.87
192 $465,841.87 $1,360.81 $0.00 $2,633.94 $469,836.62
193 $469,836.62 $1,360.81 $0.00 $2,656.52 $473,853.95
194 $473,853.95 $1,360.81 $0.00 $2,679.24 $477,894.00
195 $477,894.00 $1,360.81 $0.00 $2,702.08 $481,956.89
196 $481,956.89 $1,360.81 $0.00 $2,725.05 $486,042.75
197 $486,042.75 $1,360.81 $0.00 $2,748.16 $490,151.72
198 $490,151.72 $1,360.81 $0.00 $2,771.39 $494,283.92
199 $494,283.92 $1,360.81 $0.00 $2,794.75 $498,439.48
200 $498,439.48 $1,360.81 $0.00 $2,818.25 $502,618.54
201 $502,618.54 $1,360.81 $0.00 $2,841.88 $506,821.23
202 $506,821.23 $1,360.81 $0.00 $2,865.64 $511,047.68
203 $511,047.68 $1,360.81 $0.00 $2,889.54 $515,298.03
204 $515,298.03 $1,360.81 $0.00 $2,913.57 $519,572.41
205 $519,572.41 $1,360.81 $0.00 $2,937.74 $523,870.96
206 $523,870.96 $1,360.81 $0.00 $2,962.04 $528,193.81
207 $528,193.81 $1,360.81 $0.00 $2,986.48 $532,541.10
208 $532,541.10 $1,360.81 $0.00 $3,011.06 $536,912.97
209 $536,912.97 $1,360.81 $0.00 $3,035.78 $541,309.56
210 $541,309.56 $1,360.81 $0.00 $3,060.64 $545,731.01
211 $545,731.01 $1,360.81 $0.00 $3,085.64 $550,177.46
212 $550,177.46 $1,360.81 $0.00 $3,110.78 $554,649.05
213 $554,649.05 $1,360.81 $0.00 $3,136.07 $559,145.93
214 $559,145.93 $1,360.81 $0.00 $3,161.49 $563,668.23
215 $563,668.23 $1,360.81 $0.00 $3,187.06 $568,216.10
216 $568,216.10 $1,360.81 $0.00 $3,212.78 $572,789.69
217 $572,789.69 $1,360.81 $155,121.99 $3,238.64 $422,267.15
218 $422,267.15 $1,360.81 $0.00 $2,387.56 $426,015.52
219 $426,015.52 $1,360.81 $0.00 $2,408.75 $429,785.08
220 $429,785.08 $1,360.81 $0.00 $2,430.07 $433,575.96
221 $433,575.96 $1,360.81 $0.00 $2,451.50 $437,388.27
222 $437,388.27 $1,360.81 $0.00 $2,473.06 $441,222.14
223 $441,222.14 $1,360.81 $0.00 $2,494.73 $445,077.68
224 $445,077.68 $1,360.81 $0.00 $2,516.53 $448,955.02
225 $448,955.02 $1,360.81 $0.00 $2,538.46 $452,854.29
226 $452,854.29 $1,360.81 $0.00 $2,560.50 $456,775.60
227 $456,775.60 $1,360.81 $0.00 $2,582.68 $460,719.09
228 $460,719.09 $1,360.81 $0.00 $2,604.97 $464,684.87
229 $464,684.87 $1,360.81 $165,980.53 $2,627.40 $302,692.55
230 $302,692.55 $1,360.81 $0.00 $1,711.47 $305,764.83
231 $305,764.83 $1,360.81 $0.00 $1,728.84 $308,854.48
232 $308,854.48 $1,360.81 $0.00 $1,746.31 $311,961.60
233 $311,961.60 $1,360.81 $0.00 $1,763.88 $315,086.29
234 $315,086.29 $1,360.81 $0.00 $1,781.54 $318,228.64
235 $318,228.64 $1,360.81 $0.00 $1,799.31 $321,388.76
236 $321,388.76 $1,360.81 $0.00 $1,817.18 $324,566.75
237 $324,566.75 $1,360.81 $0.00 $1,835.15 $327,762.71
238 $327,762.71 $1,360.81 $0.00 $1,853.22 $330,976.74
239 $330,976.74 $1,360.81 $0.00 $1,871.39 $334,208.94
240 $334,208.94 $1,360.81 $0.00 $1,889.67 $337,459.42
241 $337,459.42 $1,360.81 $177,599.17 $1,908.04 $163,129.10
242 $163,129.10 $1,360.81 $0.00 $922.36 $165,412.27
243 $165,412.27 $1,360.81 $0.00 $935.27 $167,708.35
244 $167,708.35 $1,360.81 $0.00 $948.25 $170,017.41
245 $170,017.41 $1,360.81 $0.00 $961.30 $172,339.52
246 $172,339.52 $1,360.81 $0.00 $974.43 $174,674.76
247 $174,674.76 $1,360.81 $0.00 $987.64 $177,023.21
248 $177,023.21 $1,360.81 $0.00 $1,000.91 $179,384.93
249 $179,384.93 $1,360.81 $0.00 $1,014.27 $181,760.01
250 $181,760.01 $1,360.81 $0.00 $1,027.70 $184,148.52
251 $184,148.52 $1,360.81 $0.00 $1,041.20 $186,550.53
252 $186,550.53 $1,360.81 $0.00 $1,054.78 $188,966.12
253 $188,966.12 $0.00 $190,031.11 $1,068.44 $3.45