Savings Plan and Future Cost Estimation for Art Academy of Cincinnati

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$195,065
Monthly savings required$1,542

How much will it cost to send your child to Art Academy of Cincinnati in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $780,258.71 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,541.64 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$51,994.00
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 $1,541.64 $0.00 $0.00 $1,541.64
2 $1,541.64 $1,541.64 $0.00 $8.72 $3,092.00
3 $3,092.00 $1,541.64 $0.00 $17.48 $4,651.12
4 $4,651.12 $1,541.64 $0.00 $26.30 $6,219.06
5 $6,219.06 $1,541.64 $0.00 $35.16 $7,795.86
6 $7,795.86 $1,541.64 $0.00 $44.08 $9,381.58
7 $9,381.58 $1,541.64 $0.00 $53.04 $10,976.26
8 $10,976.26 $1,541.64 $0.00 $62.06 $12,579.96
9 $12,579.96 $1,541.64 $0.00 $71.13 $14,192.73
10 $14,192.73 $1,541.64 $0.00 $80.25 $15,814.62
11 $15,814.62 $1,541.64 $0.00 $89.42 $17,445.68
12 $17,445.68 $1,541.64 $0.00 $98.64 $19,085.96
13 $19,085.96 $1,541.64 $0.00 $107.91 $20,735.51
14 $20,735.51 $1,541.64 $0.00 $117.24 $22,394.39
15 $22,394.39 $1,541.64 $0.00 $126.62 $24,062.65
16 $24,062.65 $1,541.64 $0.00 $136.05 $25,740.34
17 $25,740.34 $1,541.64 $0.00 $145.54 $27,427.52
18 $27,427.52 $1,541.64 $0.00 $155.08 $29,124.24
19 $29,124.24 $1,541.64 $0.00 $164.67 $30,830.55
20 $30,830.55 $1,541.64 $0.00 $174.32 $32,546.51
21 $32,546.51 $1,541.64 $0.00 $184.02 $34,272.17
22 $34,272.17 $1,541.64 $0.00 $193.78 $36,007.59
23 $36,007.59 $1,541.64 $0.00 $203.59 $37,752.82
24 $37,752.82 $1,541.64 $0.00 $213.46 $39,507.92
25 $39,507.92 $1,541.64 $0.00 $223.38 $41,272.94
26 $41,272.94 $1,541.64 $0.00 $233.36 $43,047.94
27 $43,047.94 $1,541.64 $0.00 $243.40 $44,832.98
28 $44,832.98 $1,541.64 $0.00 $253.49 $46,628.11
29 $46,628.11 $1,541.64 $0.00 $263.64 $48,433.39
30 $48,433.39 $1,541.64 $0.00 $273.85 $50,248.88
31 $50,248.88 $1,541.64 $0.00 $284.11 $52,074.63
32 $52,074.63 $1,541.64 $0.00 $294.44 $53,910.71
33 $53,910.71 $1,541.64 $0.00 $304.82 $55,757.17
34 $55,757.17 $1,541.64 $0.00 $315.26 $57,614.07
35 $57,614.07 $1,541.64 $0.00 $325.76 $59,481.47
36 $59,481.47 $1,541.64 $0.00 $336.32 $61,359.43
37 $61,359.43 $1,541.64 $0.00 $346.94 $63,248.01
38 $63,248.01 $1,541.64 $0.00 $357.61 $65,147.26
39 $65,147.26 $1,541.64 $0.00 $368.35 $67,057.25
40 $67,057.25 $1,541.64 $0.00 $379.15 $68,978.04
41 $68,978.04 $1,541.64 $0.00 $390.01 $70,909.69
42 $70,909.69 $1,541.64 $0.00 $400.93 $72,852.26
43 $72,852.26 $1,541.64 $0.00 $411.92 $74,805.82
44 $74,805.82 $1,541.64 $0.00 $422.96 $76,770.42
45 $76,770.42 $1,541.64 $0.00 $434.07 $78,746.13
46 $78,746.13 $1,541.64 $0.00 $445.24 $80,733.01
47 $80,733.01 $1,541.64 $0.00 $456.48 $82,731.13
48 $82,731.13 $1,541.64 $0.00 $467.77 $84,740.54
49 $84,740.54 $1,541.64 $0.00 $479.14 $86,761.32
50 $86,761.32 $1,541.64 $0.00 $490.56 $88,793.52
51 $88,793.52 $1,541.64 $0.00 $502.05 $90,837.21
52 $90,837.21 $1,541.64 $0.00 $513.61 $92,892.46
53 $92,892.46 $1,541.64 $0.00 $525.23 $94,959.33
54 $94,959.33 $1,541.64 $0.00 $536.91 $97,037.88
55 $97,037.88 $1,541.64 $0.00 $548.67 $99,128.19
56 $99,128.19 $1,541.64 $0.00 $560.49 $101,230.32
57 $101,230.32 $1,541.64 $0.00 $572.37 $103,344.33
58 $103,344.33 $1,541.64 $0.00 $584.32 $105,470.29
59 $105,470.29 $1,541.64 $0.00 $596.34 $107,608.27
60 $107,608.27 $1,541.64 $0.00 $608.43 $109,758.34
61 $109,758.34 $1,541.64 $0.00 $620.59 $111,920.57
62 $111,920.57 $1,541.64 $0.00 $632.82 $114,095.03
63 $114,095.03 $1,541.64 $0.00 $645.11 $116,281.78
64 $116,281.78 $1,541.64 $0.00 $657.47 $118,480.89
65 $118,480.89 $1,541.64 $0.00 $669.91 $120,692.44
66 $120,692.44 $1,541.64 $0.00 $682.41 $122,916.49
67 $122,916.49 $1,541.64 $0.00 $694.99 $125,153.12
68 $125,153.12 $1,541.64 $0.00 $707.63 $127,402.39
69 $127,402.39 $1,541.64 $0.00 $720.35 $129,664.38
70 $129,664.38 $1,541.64 $0.00 $733.14 $131,939.16
71 $131,939.16 $1,541.64 $0.00 $746.00 $134,226.80
72 $134,226.80 $1,541.64 $0.00 $758.94 $136,527.38
73 $136,527.38 $1,541.64 $0.00 $771.95 $138,840.97
74 $138,840.97 $1,541.64 $0.00 $785.03 $141,167.64
75 $141,167.64 $1,541.64 $0.00 $798.18 $143,507.46
76 $143,507.46 $1,541.64 $0.00 $811.41 $145,860.51
77 $145,860.51 $1,541.64 $0.00 $824.72 $148,226.87
78 $148,226.87 $1,541.64 $0.00 $838.10 $150,606.61
79 $150,606.61 $1,541.64 $0.00 $851.55 $152,999.80
80 $152,999.80 $1,541.64 $0.00 $865.08 $155,406.52
81 $155,406.52 $1,541.64 $0.00 $878.69 $157,826.85
82 $157,826.85 $1,541.64 $0.00 $892.38 $160,260.87
83 $160,260.87 $1,541.64 $0.00 $906.14 $162,708.65
84 $162,708.65 $1,541.64 $0.00 $919.98 $165,170.27
85 $165,170.27 $1,541.64 $0.00 $933.90 $167,645.81
86 $167,645.81 $1,541.64 $0.00 $947.89 $170,135.34
87 $170,135.34 $1,541.64 $0.00 $961.97 $172,638.95
88 $172,638.95 $1,541.64 $0.00 $976.13 $175,156.72
89 $175,156.72 $1,541.64 $0.00 $990.36 $177,688.72
90 $177,688.72 $1,541.64 $0.00 $1,004.68 $180,235.04
91 $180,235.04 $1,541.64 $0.00 $1,019.08 $182,795.76
92 $182,795.76 $1,541.64 $0.00 $1,033.55 $185,370.95
93 $185,370.95 $1,541.64 $0.00 $1,048.11 $187,960.70
94 $187,960.70 $1,541.64 $0.00 $1,062.76 $190,565.10
95 $190,565.10 $1,541.64 $0.00 $1,077.48 $193,184.22
96 $193,184.22 $1,541.64 $0.00 $1,092.29 $195,818.15
97 $195,818.15 $1,541.64 $0.00 $1,107.18 $198,466.97
98 $198,466.97 $1,541.64 $0.00 $1,122.16 $201,130.77
99 $201,130.77 $1,541.64 $0.00 $1,137.22 $203,809.63
100 $203,809.63 $1,541.64 $0.00 $1,152.37 $206,503.64
101 $206,503.64 $1,541.64 $0.00 $1,167.60 $209,212.88
102 $209,212.88 $1,541.64 $0.00 $1,182.92 $211,937.44
103 $211,937.44 $1,541.64 $0.00 $1,198.33 $214,677.41
104 $214,677.41 $1,541.64 $0.00 $1,213.82 $217,432.87
105 $217,432.87 $1,541.64 $0.00 $1,229.40 $220,203.91
106 $220,203.91 $1,541.64 $0.00 $1,245.06 $222,990.61
107 $222,990.61 $1,541.64 $0.00 $1,260.82 $225,793.07
108 $225,793.07 $1,541.64 $0.00 $1,276.67 $228,611.38
109 $228,611.38 $1,541.64 $0.00 $1,292.60 $231,445.62
110 $231,445.62 $1,541.64 $0.00 $1,308.63 $234,295.89
111 $234,295.89 $1,541.64 $0.00 $1,324.74 $237,162.27
112 $237,162.27 $1,541.64 $0.00 $1,340.95 $240,044.86
113 $240,044.86 $1,541.64 $0.00 $1,357.25 $242,943.75
114 $242,943.75 $1,541.64 $0.00 $1,373.64 $245,859.03
115 $245,859.03 $1,541.64 $0.00 $1,390.12 $248,790.79
116 $248,790.79 $1,541.64 $0.00 $1,406.70 $251,739.13
117 $251,739.13 $1,541.64 $0.00 $1,423.37 $254,704.14
118 $254,704.14 $1,541.64 $0.00 $1,440.13 $257,685.91
119 $257,685.91 $1,541.64 $0.00 $1,456.99 $260,684.54
120 $260,684.54 $1,541.64 $0.00 $1,473.95 $263,700.13
121 $263,700.13 $1,541.64 $0.00 $1,491.00 $266,732.77
122 $266,732.77 $1,541.64 $0.00 $1,508.15 $269,782.56
123 $269,782.56 $1,541.64 $0.00 $1,525.39 $272,849.59
124 $272,849.59 $1,541.64 $0.00 $1,542.73 $275,933.96
125 $275,933.96 $1,541.64 $0.00 $1,560.17 $279,035.77
126 $279,035.77 $1,541.64 $0.00 $1,577.71 $282,155.12
127 $282,155.12 $1,541.64 $0.00 $1,595.35 $285,292.11
128 $285,292.11 $1,541.64 $0.00 $1,613.08 $288,446.83
129 $288,446.83 $1,541.64 $0.00 $1,630.92 $291,619.39
130 $291,619.39 $1,541.64 $0.00 $1,648.86 $294,809.89
131 $294,809.89 $1,541.64 $0.00 $1,666.90 $298,018.43
132 $298,018.43 $1,541.64 $0.00 $1,685.04 $301,245.11
133 $301,245.11 $1,541.64 $0.00 $1,703.28 $304,490.03
134 $304,490.03 $1,541.64 $0.00 $1,721.63 $307,753.30
135 $307,753.30 $1,541.64 $0.00 $1,740.08 $311,035.02
136 $311,035.02 $1,541.64 $0.00 $1,758.64 $314,335.30
137 $314,335.30 $1,541.64 $0.00 $1,777.30 $317,654.24
138 $317,654.24 $1,541.64 $0.00 $1,796.06 $320,991.94
139 $320,991.94 $1,541.64 $0.00 $1,814.94 $324,348.52
140 $324,348.52 $1,541.64 $0.00 $1,833.91 $327,724.07
141 $327,724.07 $1,541.64 $0.00 $1,853.00 $331,118.71
142 $331,118.71 $1,541.64 $0.00 $1,872.19 $334,532.54
143 $334,532.54 $1,541.64 $0.00 $1,891.50 $337,965.68
144 $337,965.68 $1,541.64 $0.00 $1,910.91 $341,418.23
145 $341,418.23 $1,541.64 $0.00 $1,930.43 $344,890.30
146 $344,890.30 $1,541.64 $0.00 $1,950.06 $348,382.00
147 $348,382.00 $1,541.64 $0.00 $1,969.80 $351,893.44
148 $351,893.44 $1,541.64 $0.00 $1,989.66 $355,424.74
149 $355,424.74 $1,541.64 $0.00 $2,009.62 $358,976.00
150 $358,976.00 $1,541.64 $0.00 $2,029.70 $362,547.34
151 $362,547.34 $1,541.64 $0.00 $2,049.90 $366,138.88
152 $366,138.88 $1,541.64 $0.00 $2,070.20 $369,750.72
153 $369,750.72 $1,541.64 $0.00 $2,090.62 $373,382.98
154 $373,382.98 $1,541.64 $0.00 $2,111.16 $377,035.78
155 $377,035.78 $1,541.64 $0.00 $2,131.82 $380,709.24
156 $380,709.24 $1,541.64 $0.00 $2,152.59 $384,403.47
157 $384,403.47 $1,541.64 $0.00 $2,173.47 $388,118.58
158 $388,118.58 $1,541.64 $0.00 $2,194.48 $391,854.70
159 $391,854.70 $1,541.64 $0.00 $2,215.60 $395,611.94
160 $395,611.94 $1,541.64 $0.00 $2,236.85 $399,390.43
161 $399,390.43 $1,541.64 $0.00 $2,258.21 $403,190.28
162 $403,190.28 $1,541.64 $0.00 $2,279.70 $407,011.62
163 $407,011.62 $1,541.64 $0.00 $2,301.30 $410,854.56
164 $410,854.56 $1,541.64 $0.00 $2,323.03 $414,719.23
165 $414,719.23 $1,541.64 $0.00 $2,344.88 $418,605.75
166 $418,605.75 $1,541.64 $0.00 $2,366.86 $422,514.25
167 $422,514.25 $1,541.64 $0.00 $2,388.96 $426,444.85
168 $426,444.85 $1,541.64 $0.00 $2,411.18 $430,397.67
169 $430,397.67 $1,541.64 $0.00 $2,433.53 $434,372.84
170 $434,372.84 $1,541.64 $0.00 $2,456.01 $438,370.49
171 $438,370.49 $1,541.64 $0.00 $2,478.61 $442,390.74
172 $442,390.74 $1,541.64 $0.00 $2,501.34 $446,433.72
173 $446,433.72 $1,541.64 $0.00 $2,524.20 $450,499.56
174 $450,499.56 $1,541.64 $0.00 $2,547.19 $454,588.39
175 $454,588.39 $1,541.64 $0.00 $2,570.31 $458,700.34
176 $458,700.34 $1,541.64 $0.00 $2,593.56 $462,835.54
177 $462,835.54 $1,541.64 $0.00 $2,616.94 $466,994.12
178 $466,994.12 $1,541.64 $0.00 $2,640.45 $471,176.21
179 $471,176.21 $1,541.64 $0.00 $2,664.10 $475,381.95
180 $475,381.95 $1,541.64 $0.00 $2,687.88 $479,611.47
181 $479,611.47 $1,541.64 $0.00 $2,711.79 $483,864.90
182 $483,864.90 $1,541.64 $0.00 $2,735.84 $488,142.38
183 $488,142.38 $1,541.64 $0.00 $2,760.03 $492,444.05
184 $492,444.05 $1,541.64 $0.00 $2,784.35 $496,770.04
185 $496,770.04 $1,541.64 $0.00 $2,808.81 $501,120.49
186 $501,120.49 $1,541.64 $0.00 $2,833.41 $505,495.54
187 $505,495.54 $1,541.64 $0.00 $2,858.15 $509,895.33
188 $509,895.33 $1,541.64 $0.00 $2,883.02 $514,319.99
189 $514,319.99 $1,541.64 $0.00 $2,908.04 $518,769.67
190 $518,769.67 $1,541.64 $0.00 $2,933.20 $523,244.51
191 $523,244.51 $1,541.64 $0.00 $2,958.50 $527,744.65
192 $527,744.65 $1,541.64 $0.00 $2,983.94 $532,270.23
193 $532,270.23 $1,541.64 $0.00 $3,009.53 $536,821.40
194 $536,821.40 $1,541.64 $0.00 $3,035.27 $541,398.31
195 $541,398.31 $1,541.64 $0.00 $3,061.14 $546,001.09
196 $546,001.09 $1,541.64 $0.00 $3,087.17 $550,629.90
197 $550,629.90 $1,541.64 $0.00 $3,113.34 $555,284.88
198 $555,284.88 $1,541.64 $0.00 $3,139.66 $559,966.18
199 $559,966.18 $1,541.64 $0.00 $3,166.13 $564,673.95
200 $564,673.95 $1,541.64 $0.00 $3,192.75 $569,408.34
201 $569,408.34 $1,541.64 $0.00 $3,219.52 $574,169.50
202 $574,169.50 $1,541.64 $0.00 $3,246.44 $578,957.58
203 $578,957.58 $1,541.64 $0.00 $3,273.51 $583,772.73
204 $583,772.73 $1,541.64 $0.00 $3,300.74 $588,615.11
205 $588,615.11 $1,541.64 $0.00 $3,328.12 $593,484.87
206 $593,484.87 $1,541.64 $0.00 $3,355.65 $598,382.16
207 $598,382.16 $1,541.64 $0.00 $3,383.34 $603,307.14
208 $603,307.14 $1,541.64 $0.00 $3,411.19 $608,259.97
209 $608,259.97 $1,541.64 $0.00 $3,439.19 $613,240.80
210 $613,240.80 $1,541.64 $0.00 $3,467.35 $618,249.79
211 $618,249.79 $1,541.64 $0.00 $3,495.67 $623,287.10
212 $623,287.10 $1,541.64 $0.00 $3,524.16 $628,352.90
213 $628,352.90 $1,541.64 $0.00 $3,552.80 $633,447.34
214 $633,447.34 $1,541.64 $0.00 $3,581.60 $638,570.58
215 $638,570.58 $1,541.64 $0.00 $3,610.57 $643,722.79
216 $643,722.79 $1,541.64 $0.00 $3,639.70 $648,904.13
217 $648,904.13 $1,541.64 $175,736.20 $3,669.00 $478,378.57
218 $478,378.57 $1,541.64 $0.00 $2,704.82 $482,625.03
219 $482,625.03 $1,541.64 $0.00 $2,728.83 $486,895.50
220 $486,895.50 $1,541.64 $0.00 $2,752.98 $491,190.12
221 $491,190.12 $1,541.64 $0.00 $2,777.26 $495,509.02
222 $495,509.02 $1,541.64 $0.00 $2,801.68 $499,852.34
223 $499,852.34 $1,541.64 $0.00 $2,826.24 $504,220.22
224 $504,220.22 $1,541.64 $0.00 $2,850.93 $508,612.79
225 $508,612.79 $1,541.64 $0.00 $2,875.77 $513,030.20
226 $513,030.20 $1,541.64 $0.00 $2,900.75 $517,472.59
227 $517,472.59 $1,541.64 $0.00 $2,925.87 $521,940.10
228 $521,940.10 $1,541.64 $0.00 $2,951.13 $526,432.87
229 $526,432.87 $1,541.64 $188,037.73 $2,976.53 $342,913.31
230 $342,913.31 $1,541.64 $0.00 $1,938.88 $346,393.83
231 $346,393.83 $1,541.64 $0.00 $1,958.56 $349,894.03
232 $349,894.03 $1,541.64 $0.00 $1,978.35 $353,414.02
233 $353,414.02 $1,541.64 $0.00 $1,998.25 $356,953.91
234 $356,953.91 $1,541.64 $0.00 $2,018.27 $360,513.82
235 $360,513.82 $1,541.64 $0.00 $2,038.40 $364,093.86
236 $364,093.86 $1,541.64 $0.00 $2,058.64 $367,694.14
237 $367,694.14 $1,541.64 $0.00 $2,079.00 $371,314.78
238 $371,314.78 $1,541.64 $0.00 $2,099.47 $374,955.89
239 $374,955.89 $1,541.64 $0.00 $2,120.06 $378,617.59
240 $378,617.59 $1,541.64 $0.00 $2,140.76 $382,299.99
241 $382,299.99 $1,541.64 $201,200.37 $2,161.58 $184,802.84
242 $184,802.84 $1,541.64 $0.00 $1,044.90 $187,389.38
243 $187,389.38 $1,541.64 $0.00 $1,059.53 $189,990.55
244 $189,990.55 $1,541.64 $0.00 $1,074.23 $192,606.42
245 $192,606.42 $1,541.64 $0.00 $1,089.02 $195,237.08
246 $195,237.08 $1,541.64 $0.00 $1,103.90 $197,882.62
247 $197,882.62 $1,541.64 $0.00 $1,118.86 $200,543.12
248 $200,543.12 $1,541.64 $0.00 $1,133.90 $203,218.66
249 $203,218.66 $1,541.64 $0.00 $1,149.03 $205,909.33
250 $205,909.33 $1,541.64 $0.00 $1,164.24 $208,615.21
251 $208,615.21 $1,541.64 $0.00 $1,179.54 $211,336.39
252 $211,336.39 $1,541.64 $0.00 $1,194.93 $214,072.96
253 $214,072.96 $0.00 $215,284.40 $1,210.40 -$1.04