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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$116,409
Monthly savings required$921

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 $465,636.33 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $921.48 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$44,890.00
Years until enrollment18
Annual Tuition Increase5%
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 $921.48 $0.00 $0.00 $921.48
2 $921.48 $921.48 $0.00 $5.21 $1,848.17
3 $1,848.17 $921.48 $0.00 $10.45 $2,780.10
4 $2,780.10 $921.48 $0.00 $15.72 $3,717.30
5 $3,717.30 $921.48 $0.00 $21.02 $4,659.80
6 $4,659.80 $921.48 $0.00 $26.35 $5,607.63
7 $5,607.63 $921.48 $0.00 $31.71 $6,560.82
8 $6,560.82 $921.48 $0.00 $37.10 $7,519.40
9 $7,519.40 $921.48 $0.00 $42.52 $8,483.40
10 $8,483.40 $921.48 $0.00 $47.97 $9,452.85
11 $9,452.85 $921.48 $0.00 $53.45 $10,427.78
12 $10,427.78 $921.48 $0.00 $58.96 $11,408.22
13 $11,408.22 $921.48 $0.00 $64.50 $12,394.20
14 $12,394.20 $921.48 $0.00 $70.08 $13,385.76
15 $13,385.76 $921.48 $0.00 $75.69 $14,382.93
16 $14,382.93 $921.48 $0.00 $81.32 $15,385.73
17 $15,385.73 $921.48 $0.00 $86.99 $16,394.20
18 $16,394.20 $921.48 $0.00 $92.70 $17,408.38
19 $17,408.38 $921.48 $0.00 $98.43 $18,428.29
20 $18,428.29 $921.48 $0.00 $104.20 $19,453.97
21 $19,453.97 $921.48 $0.00 $110.00 $20,485.45
22 $20,485.45 $921.48 $0.00 $115.83 $21,522.76
23 $21,522.76 $921.48 $0.00 $121.69 $22,565.93
24 $22,565.93 $921.48 $0.00 $127.59 $23,615.00
25 $23,615.00 $921.48 $0.00 $133.52 $24,670.00
26 $24,670.00 $921.48 $0.00 $139.49 $25,730.97
27 $25,730.97 $921.48 $0.00 $145.49 $26,797.94
28 $26,797.94 $921.48 $0.00 $151.52 $27,870.94
29 $27,870.94 $921.48 $0.00 $157.59 $28,950.01
30 $28,950.01 $921.48 $0.00 $163.69 $30,035.18
31 $30,035.18 $921.48 $0.00 $169.82 $31,126.48
32 $31,126.48 $921.48 $0.00 $175.99 $32,223.95
33 $32,223.95 $921.48 $0.00 $182.20 $33,327.63
34 $33,327.63 $921.48 $0.00 $188.44 $34,437.55
35 $34,437.55 $921.48 $0.00 $194.71 $35,553.74
36 $35,553.74 $921.48 $0.00 $201.03 $36,676.25
37 $36,676.25 $921.48 $0.00 $207.37 $37,805.10
38 $37,805.10 $921.48 $0.00 $213.76 $38,940.34
39 $38,940.34 $921.48 $0.00 $220.17 $40,081.99
40 $40,081.99 $921.48 $0.00 $226.63 $41,230.10
41 $41,230.10 $921.48 $0.00 $233.12 $42,384.70
42 $42,384.70 $921.48 $0.00 $239.65 $43,545.83
43 $43,545.83 $921.48 $0.00 $246.21 $44,713.52
44 $44,713.52 $921.48 $0.00 $252.82 $45,887.82
45 $45,887.82 $921.48 $0.00 $259.46 $47,068.76
46 $47,068.76 $921.48 $0.00 $266.13 $48,256.37
47 $48,256.37 $921.48 $0.00 $272.85 $49,450.70
48 $49,450.70 $921.48 $0.00 $279.60 $50,651.78
49 $50,651.78 $921.48 $0.00 $286.39 $51,859.65
50 $51,859.65 $921.48 $0.00 $293.22 $53,074.35
51 $53,074.35 $921.48 $0.00 $300.09 $54,295.92
52 $54,295.92 $921.48 $0.00 $307.00 $55,524.40
53 $55,524.40 $921.48 $0.00 $313.94 $56,759.82
54 $56,759.82 $921.48 $0.00 $320.93 $58,002.23
55 $58,002.23 $921.48 $0.00 $327.95 $59,251.66
56 $59,251.66 $921.48 $0.00 $335.02 $60,508.16
57 $60,508.16 $921.48 $0.00 $342.12 $61,771.76
58 $61,771.76 $921.48 $0.00 $349.27 $63,042.51
59 $63,042.51 $921.48 $0.00 $356.45 $64,320.44
60 $64,320.44 $921.48 $0.00 $363.68 $65,605.60
61 $65,605.60 $921.48 $0.00 $370.94 $66,898.02
62 $66,898.02 $921.48 $0.00 $378.25 $68,197.75
63 $68,197.75 $921.48 $0.00 $385.60 $69,504.83
64 $69,504.83 $921.48 $0.00 $392.99 $70,819.30
65 $70,819.30 $921.48 $0.00 $400.42 $72,141.20
66 $72,141.20 $921.48 $0.00 $407.90 $73,470.58
67 $73,470.58 $921.48 $0.00 $415.41 $74,807.47
68 $74,807.47 $921.48 $0.00 $422.97 $76,151.92
69 $76,151.92 $921.48 $0.00 $430.57 $77,503.97
70 $77,503.97 $921.48 $0.00 $438.22 $78,863.67
71 $78,863.67 $921.48 $0.00 $445.91 $80,231.06
72 $80,231.06 $921.48 $0.00 $453.64 $81,606.18
73 $81,606.18 $921.48 $0.00 $461.41 $82,989.07
74 $82,989.07 $921.48 $0.00 $469.23 $84,379.78
75 $84,379.78 $921.48 $0.00 $477.10 $85,778.36
76 $85,778.36 $921.48 $0.00 $485.00 $87,184.84
77 $87,184.84 $921.48 $0.00 $492.96 $88,599.28
78 $88,599.28 $921.48 $0.00 $500.95 $90,021.71
79 $90,021.71 $921.48 $0.00 $509.00 $91,452.19
80 $91,452.19 $921.48 $0.00 $517.08 $92,890.75
81 $92,890.75 $921.48 $0.00 $525.22 $94,337.45
82 $94,337.45 $921.48 $0.00 $533.40 $95,792.33
83 $95,792.33 $921.48 $0.00 $541.62 $97,255.43
84 $97,255.43 $921.48 $0.00 $549.90 $98,726.81
85 $98,726.81 $921.48 $0.00 $558.22 $100,206.51
86 $100,206.51 $921.48 $0.00 $566.58 $101,694.57
87 $101,694.57 $921.48 $0.00 $575.00 $103,191.05
88 $103,191.05 $921.48 $0.00 $583.46 $104,695.99
89 $104,695.99 $921.48 $0.00 $591.97 $106,209.44
90 $106,209.44 $921.48 $0.00 $600.52 $107,731.44
91 $107,731.44 $921.48 $0.00 $609.13 $109,262.05
92 $109,262.05 $921.48 $0.00 $617.78 $110,801.31
93 $110,801.31 $921.48 $0.00 $626.49 $112,349.28
94 $112,349.28 $921.48 $0.00 $635.24 $113,906.00
95 $113,906.00 $921.48 $0.00 $644.04 $115,471.52
96 $115,471.52 $921.48 $0.00 $652.89 $117,045.89
97 $117,045.89 $921.48 $0.00 $661.79 $118,629.16
98 $118,629.16 $921.48 $0.00 $670.75 $120,221.39
99 $120,221.39 $921.48 $0.00 $679.75 $121,822.62
100 $121,822.62 $921.48 $0.00 $688.80 $123,432.90
101 $123,432.90 $921.48 $0.00 $697.91 $125,052.29
102 $125,052.29 $921.48 $0.00 $707.06 $126,680.83
103 $126,680.83 $921.48 $0.00 $716.27 $128,318.58
104 $128,318.58 $921.48 $0.00 $725.53 $129,965.59
105 $129,965.59 $921.48 $0.00 $734.84 $131,621.91
106 $131,621.91 $921.48 $0.00 $744.21 $133,287.60
107 $133,287.60 $921.48 $0.00 $753.63 $134,962.71
108 $134,962.71 $921.48 $0.00 $763.10 $136,647.29
109 $136,647.29 $921.48 $0.00 $772.62 $138,341.39
110 $138,341.39 $921.48 $0.00 $782.20 $140,045.07
111 $140,045.07 $921.48 $0.00 $791.84 $141,758.39
112 $141,758.39 $921.48 $0.00 $801.52 $143,481.39
113 $143,481.39 $921.48 $0.00 $811.26 $145,214.13
114 $145,214.13 $921.48 $0.00 $821.06 $146,956.67
115 $146,956.67 $921.48 $0.00 $830.91 $148,709.06
116 $148,709.06 $921.48 $0.00 $840.82 $150,471.36
117 $150,471.36 $921.48 $0.00 $850.79 $152,243.63
118 $152,243.63 $921.48 $0.00 $860.81 $154,025.92
119 $154,025.92 $921.48 $0.00 $870.88 $155,818.28
120 $155,818.28 $921.48 $0.00 $881.02 $157,620.78
121 $157,620.78 $921.48 $0.00 $891.21 $159,433.47
122 $159,433.47 $921.48 $0.00 $901.46 $161,256.41
123 $161,256.41 $921.48 $0.00 $911.77 $163,089.66
124 $163,089.66 $921.48 $0.00 $922.13 $164,933.27
125 $164,933.27 $921.48 $0.00 $932.56 $166,787.31
126 $166,787.31 $921.48 $0.00 $943.04 $168,651.83
127 $168,651.83 $921.48 $0.00 $953.58 $170,526.89
128 $170,526.89 $921.48 $0.00 $964.18 $172,412.55
129 $172,412.55 $921.48 $0.00 $974.85 $174,308.88
130 $174,308.88 $921.48 $0.00 $985.57 $176,215.93
131 $176,215.93 $921.48 $0.00 $996.35 $178,133.76
132 $178,133.76 $921.48 $0.00 $1,007.19 $180,062.43
133 $180,062.43 $921.48 $0.00 $1,018.10 $182,002.01
134 $182,002.01 $921.48 $0.00 $1,029.07 $183,952.56
135 $183,952.56 $921.48 $0.00 $1,040.09 $185,914.13
136 $185,914.13 $921.48 $0.00 $1,051.19 $187,886.80
137 $187,886.80 $921.48 $0.00 $1,062.34 $189,870.62
138 $189,870.62 $921.48 $0.00 $1,073.56 $191,865.66
139 $191,865.66 $921.48 $0.00 $1,084.84 $193,871.98
140 $193,871.98 $921.48 $0.00 $1,096.18 $195,889.64
141 $195,889.64 $921.48 $0.00 $1,107.59 $197,918.71
142 $197,918.71 $921.48 $0.00 $1,119.06 $199,959.25
143 $199,959.25 $921.48 $0.00 $1,130.60 $202,011.33
144 $202,011.33 $921.48 $0.00 $1,142.20 $204,075.01
145 $204,075.01 $921.48 $0.00 $1,153.87 $206,150.36
146 $206,150.36 $921.48 $0.00 $1,165.60 $208,237.44
147 $208,237.44 $921.48 $0.00 $1,177.40 $210,336.32
148 $210,336.32 $921.48 $0.00 $1,189.27 $212,447.07
149 $212,447.07 $921.48 $0.00 $1,201.21 $214,569.76
150 $214,569.76 $921.48 $0.00 $1,213.21 $216,704.45
151 $216,704.45 $921.48 $0.00 $1,225.28 $218,851.21
152 $218,851.21 $921.48 $0.00 $1,237.42 $221,010.11
153 $221,010.11 $921.48 $0.00 $1,249.62 $223,181.21
154 $223,181.21 $921.48 $0.00 $1,261.90 $225,364.59
155 $225,364.59 $921.48 $0.00 $1,274.24 $227,560.31
156 $227,560.31 $921.48 $0.00 $1,286.66 $229,768.45
157 $229,768.45 $921.48 $0.00 $1,299.14 $231,989.07
158 $231,989.07 $921.48 $0.00 $1,311.70 $234,222.25
159 $234,222.25 $921.48 $0.00 $1,324.33 $236,468.06
160 $236,468.06 $921.48 $0.00 $1,337.02 $238,726.56
161 $238,726.56 $921.48 $0.00 $1,349.79 $240,997.83
162 $240,997.83 $921.48 $0.00 $1,362.64 $243,281.95
163 $243,281.95 $921.48 $0.00 $1,375.55 $245,578.98
164 $245,578.98 $921.48 $0.00 $1,388.54 $247,889.00
165 $247,889.00 $921.48 $0.00 $1,401.60 $250,212.08
166 $250,212.08 $921.48 $0.00 $1,414.74 $252,548.30
167 $252,548.30 $921.48 $0.00 $1,427.94 $254,897.72
168 $254,897.72 $921.48 $0.00 $1,441.23 $257,260.43
169 $257,260.43 $921.48 $0.00 $1,454.59 $259,636.50
170 $259,636.50 $921.48 $0.00 $1,468.02 $262,026.00
171 $262,026.00 $921.48 $0.00 $1,481.53 $264,429.01
172 $264,429.01 $921.48 $0.00 $1,495.12 $266,845.61
173 $266,845.61 $921.48 $0.00 $1,508.78 $269,275.87
174 $269,275.87 $921.48 $0.00 $1,522.52 $271,719.87
175 $271,719.87 $921.48 $0.00 $1,536.34 $274,177.69
176 $274,177.69 $921.48 $0.00 $1,550.24 $276,649.41
177 $276,649.41 $921.48 $0.00 $1,564.22 $279,135.11
178 $279,135.11 $921.48 $0.00 $1,578.27 $281,634.86
179 $281,634.86 $921.48 $0.00 $1,592.40 $284,148.74
180 $284,148.74 $921.48 $0.00 $1,606.62 $286,676.84
181 $286,676.84 $921.48 $0.00 $1,620.91 $289,219.23
182 $289,219.23 $921.48 $0.00 $1,635.29 $291,776.00
183 $291,776.00 $921.48 $0.00 $1,649.74 $294,347.22
184 $294,347.22 $921.48 $0.00 $1,664.28 $296,932.98
185 $296,932.98 $921.48 $0.00 $1,678.90 $299,533.36
186 $299,533.36 $921.48 $0.00 $1,693.61 $302,148.45
187 $302,148.45 $921.48 $0.00 $1,708.39 $304,778.32
188 $304,778.32 $921.48 $0.00 $1,723.26 $307,423.06
189 $307,423.06 $921.48 $0.00 $1,738.21 $310,082.75
190 $310,082.75 $921.48 $0.00 $1,753.25 $312,757.48
191 $312,757.48 $921.48 $0.00 $1,768.38 $315,447.34
192 $315,447.34 $921.48 $0.00 $1,783.59 $318,152.41
193 $318,152.41 $921.48 $0.00 $1,798.88 $320,872.77
194 $320,872.77 $921.48 $0.00 $1,814.26 $323,608.51
195 $323,608.51 $921.48 $0.00 $1,829.73 $326,359.72
196 $326,359.72 $921.48 $0.00 $1,845.29 $329,126.49
197 $329,126.49 $921.48 $0.00 $1,860.93 $331,908.90
198 $331,908.90 $921.48 $0.00 $1,876.66 $334,707.04
199 $334,707.04 $921.48 $0.00 $1,892.48 $337,521.00
200 $337,521.00 $921.48 $0.00 $1,908.39 $340,350.87
201 $340,350.87 $921.48 $0.00 $1,924.39 $343,196.74
202 $343,196.74 $921.48 $0.00 $1,940.48 $346,058.70
203 $346,058.70 $921.48 $0.00 $1,956.67 $348,936.85
204 $348,936.85 $921.48 $0.00 $1,972.94 $351,831.27
205 $351,831.27 $921.48 $0.00 $1,989.31 $354,742.06
206 $354,742.06 $921.48 $0.00 $2,005.76 $357,669.30
207 $357,669.30 $921.48 $0.00 $2,022.31 $360,613.09
208 $360,613.09 $921.48 $0.00 $2,038.96 $363,573.53
209 $363,573.53 $921.48 $0.00 $2,055.70 $366,550.71
210 $366,550.71 $921.48 $0.00 $2,072.53 $369,544.72
211 $369,544.72 $921.48 $0.00 $2,089.46 $372,555.66
212 $372,555.66 $921.48 $0.00 $2,106.48 $375,583.62
213 $375,583.62 $921.48 $0.00 $2,123.60 $378,628.70
214 $378,628.70 $921.48 $0.00 $2,140.82 $381,691.00
215 $381,691.00 $921.48 $0.00 $2,158.14 $384,770.62
216 $384,770.62 $921.48 $0.00 $2,175.55 $387,867.65
217 $387,867.65 $921.48 $108,033.14 $2,193.06 $282,949.05
218 $282,949.05 $921.48 $0.00 $1,599.84 $285,470.37
219 $285,470.37 $921.48 $0.00 $1,614.09 $288,005.94
220 $288,005.94 $921.48 $0.00 $1,628.43 $290,555.85
221 $290,555.85 $921.48 $0.00 $1,642.85 $293,120.18
222 $293,120.18 $921.48 $0.00 $1,657.34 $295,699.00
223 $295,699.00 $921.48 $0.00 $1,671.93 $298,292.41
224 $298,292.41 $921.48 $0.00 $1,686.59 $300,900.48
225 $300,900.48 $921.48 $0.00 $1,701.34 $303,523.30
226 $303,523.30 $921.48 $0.00 $1,716.16 $306,160.94
227 $306,160.94 $921.48 $0.00 $1,731.08 $308,813.50
228 $308,813.50 $921.48 $0.00 $1,746.08 $311,481.06
229 $311,481.06 $921.48 $113,434.79 $1,761.16 $200,728.91
230 $200,728.91 $921.48 $0.00 $1,134.95 $202,785.34
231 $202,785.34 $921.48 $0.00 $1,146.58 $204,853.40
232 $204,853.40 $921.48 $0.00 $1,158.27 $206,933.15
233 $206,933.15 $921.48 $0.00 $1,170.03 $209,024.66
234 $209,024.66 $921.48 $0.00 $1,181.86 $211,128.00
235 $211,128.00 $921.48 $0.00 $1,193.75 $213,243.23
236 $213,243.23 $921.48 $0.00 $1,205.71 $215,370.42
237 $215,370.42 $921.48 $0.00 $1,217.74 $217,509.64
238 $217,509.64 $921.48 $0.00 $1,229.83 $219,660.95
239 $219,660.95 $921.48 $0.00 $1,241.99 $221,824.42
240 $221,824.42 $921.48 $0.00 $1,254.23 $224,000.13
241 $224,000.13 $921.48 $119,106.53 $1,266.53 $107,081.61
242 $107,081.61 $921.48 $0.00 $605.45 $108,608.54
243 $108,608.54 $921.48 $0.00 $614.09 $110,144.11
244 $110,144.11 $921.48 $0.00 $622.77 $111,688.36
245 $111,688.36 $921.48 $0.00 $631.50 $113,241.34
246 $113,241.34 $921.48 $0.00 $640.28 $114,803.10
247 $114,803.10 $921.48 $0.00 $649.11 $116,373.69
248 $116,373.69 $921.48 $0.00 $657.99 $117,953.16
249 $117,953.16 $921.48 $0.00 $666.92 $119,541.56
250 $119,541.56 $921.48 $0.00 $675.91 $121,138.95
251 $121,138.95 $921.48 $0.00 $684.94 $122,745.37
252 $122,745.37 $921.48 $0.00 $694.02 $124,360.87
253 $124,360.87 $0.00 $125,061.86 $703.15 $2.16