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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2036$181,058
Monthly savings required$1,433

How much will it cost to send your child to Reed College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $724,230.97 for students enrolling in 2036 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,433.21 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$69,820.00
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 $1,433.21 $0.00 $0.00 $1,433.21
2 $1,433.21 $1,433.21 $0.00 $8.10 $2,874.52
3 $2,874.52 $1,433.21 $0.00 $16.25 $4,323.98
4 $4,323.98 $1,433.21 $0.00 $24.45 $5,781.64
5 $5,781.64 $1,433.21 $0.00 $32.69 $7,247.54
6 $7,247.54 $1,433.21 $0.00 $40.98 $8,721.73
7 $8,721.73 $1,433.21 $0.00 $49.31 $10,204.25
8 $10,204.25 $1,433.21 $0.00 $57.70 $11,695.16
9 $11,695.16 $1,433.21 $0.00 $66.13 $13,194.50
10 $13,194.50 $1,433.21 $0.00 $74.60 $14,702.31
11 $14,702.31 $1,433.21 $0.00 $83.13 $16,218.65
12 $16,218.65 $1,433.21 $0.00 $91.70 $17,743.56
13 $17,743.56 $1,433.21 $0.00 $100.32 $19,277.09
14 $19,277.09 $1,433.21 $0.00 $109.00 $20,819.30
15 $20,819.30 $1,433.21 $0.00 $117.72 $22,370.23
16 $22,370.23 $1,433.21 $0.00 $126.48 $23,929.92
17 $23,929.92 $1,433.21 $0.00 $135.30 $25,498.43
18 $25,498.43 $1,433.21 $0.00 $144.17 $27,075.81
19 $27,075.81 $1,433.21 $0.00 $153.09 $28,662.11
20 $28,662.11 $1,433.21 $0.00 $162.06 $30,257.38
21 $30,257.38 $1,433.21 $0.00 $171.08 $31,861.67
22 $31,861.67 $1,433.21 $0.00 $180.15 $33,475.03
23 $33,475.03 $1,433.21 $0.00 $189.27 $35,097.51
24 $35,097.51 $1,433.21 $0.00 $198.45 $36,729.17
25 $36,729.17 $1,433.21 $0.00 $207.67 $38,370.05
26 $38,370.05 $1,433.21 $0.00 $216.95 $40,020.21
27 $40,020.21 $1,433.21 $0.00 $226.28 $41,679.70
28 $41,679.70 $1,433.21 $0.00 $235.66 $43,348.57
29 $43,348.57 $1,433.21 $0.00 $245.10 $45,026.88
30 $45,026.88 $1,433.21 $0.00 $254.59 $46,714.68
31 $46,714.68 $1,433.21 $0.00 $264.13 $48,412.02
32 $48,412.02 $1,433.21 $0.00 $273.73 $50,118.96
33 $50,118.96 $1,433.21 $0.00 $283.38 $51,835.55
34 $51,835.55 $1,433.21 $0.00 $293.09 $53,561.85
35 $53,561.85 $1,433.21 $0.00 $302.85 $55,297.91
36 $55,297.91 $1,433.21 $0.00 $312.66 $57,043.78
37 $57,043.78 $1,433.21 $0.00 $322.53 $58,799.52
38 $58,799.52 $1,433.21 $0.00 $332.46 $60,565.19
39 $60,565.19 $1,433.21 $0.00 $342.44 $62,340.84
40 $62,340.84 $1,433.21 $0.00 $352.48 $64,126.53
41 $64,126.53 $1,433.21 $0.00 $362.58 $65,922.32
42 $65,922.32 $1,433.21 $0.00 $372.73 $67,728.26
43 $67,728.26 $1,433.21 $0.00 $382.95 $69,544.42
44 $69,544.42 $1,433.21 $0.00 $393.21 $71,370.84
45 $71,370.84 $1,433.21 $0.00 $403.54 $73,207.59
46 $73,207.59 $1,433.21 $0.00 $413.93 $75,054.73
47 $75,054.73 $1,433.21 $0.00 $424.37 $76,912.31
48 $76,912.31 $1,433.21 $0.00 $434.87 $78,780.39
49 $78,780.39 $1,433.21 $0.00 $445.44 $80,659.04
50 $80,659.04 $1,433.21 $0.00 $456.06 $82,548.31
51 $82,548.31 $1,433.21 $0.00 $466.74 $84,448.26
52 $84,448.26 $1,433.21 $0.00 $477.48 $86,358.95
53 $86,358.95 $1,433.21 $0.00 $488.29 $88,280.45
54 $88,280.45 $1,433.21 $0.00 $499.15 $90,212.81
55 $90,212.81 $1,433.21 $0.00 $510.08 $92,156.10
56 $92,156.10 $1,433.21 $0.00 $521.06 $94,110.37
57 $94,110.37 $1,433.21 $0.00 $532.11 $96,075.69
58 $96,075.69 $1,433.21 $0.00 $543.23 $98,052.13
59 $98,052.13 $1,433.21 $0.00 $554.40 $100,039.74
60 $100,039.74 $1,433.21 $0.00 $565.64 $102,038.59
61 $102,038.59 $1,433.21 $0.00 $576.94 $104,048.74
62 $104,048.74 $1,433.21 $0.00 $588.31 $106,070.26
63 $106,070.26 $1,433.21 $0.00 $599.74 $108,103.21
64 $108,103.21 $1,433.21 $0.00 $611.23 $110,147.65
65 $110,147.65 $1,433.21 $0.00 $622.79 $112,203.65
66 $112,203.65 $1,433.21 $0.00 $634.42 $114,271.28
67 $114,271.28 $1,433.21 $0.00 $646.11 $116,350.60
68 $116,350.60 $1,433.21 $0.00 $657.86 $118,441.67
69 $118,441.67 $1,433.21 $0.00 $669.69 $120,544.57
70 $120,544.57 $1,433.21 $0.00 $681.58 $122,659.36
71 $122,659.36 $1,433.21 $0.00 $693.53 $124,786.10
72 $124,786.10 $1,433.21 $0.00 $705.56 $126,924.87
73 $126,924.87 $1,433.21 $0.00 $717.65 $129,075.73
74 $129,075.73 $1,433.21 $0.00 $729.81 $131,238.75
75 $131,238.75 $1,433.21 $0.00 $742.04 $133,414.00
76 $133,414.00 $1,433.21 $0.00 $754.34 $135,601.55
77 $135,601.55 $1,433.21 $0.00 $766.71 $137,801.47
78 $137,801.47 $1,433.21 $0.00 $779.15 $140,013.83
79 $140,013.83 $1,433.21 $0.00 $791.66 $142,238.70
80 $142,238.70 $1,433.21 $0.00 $804.24 $144,476.15
81 $144,476.15 $1,433.21 $0.00 $816.89 $146,726.25
82 $146,726.25 $1,433.21 $0.00 $829.61 $148,989.07
83 $148,989.07 $1,433.21 $0.00 $842.41 $151,264.69
84 $151,264.69 $1,433.21 $0.00 $855.27 $153,553.17
85 $153,553.17 $1,433.21 $0.00 $868.21 $155,854.59
86 $155,854.59 $1,433.21 $0.00 $881.22 $158,169.02
87 $158,169.02 $1,433.21 $0.00 $894.31 $160,496.54
88 $160,496.54 $1,433.21 $0.00 $907.47 $162,837.22
89 $162,837.22 $1,433.21 $0.00 $920.71 $165,191.14
90 $165,191.14 $1,433.21 $0.00 $934.01 $167,558.36
91 $167,558.36 $1,433.21 $0.00 $947.40 $169,938.97
92 $169,938.97 $1,433.21 $0.00 $960.86 $172,333.04
93 $172,333.04 $1,433.21 $0.00 $974.40 $174,740.65
94 $174,740.65 $1,433.21 $0.00 $988.01 $177,161.87
95 $177,161.87 $1,433.21 $0.00 $1,001.70 $179,596.78
96 $179,596.78 $1,433.21 $0.00 $1,015.47 $182,045.46
97 $182,045.46 $1,433.21 $0.00 $1,029.31 $184,507.98
98 $184,507.98 $1,433.21 $0.00 $1,043.23 $186,984.42
99 $186,984.42 $1,433.21 $0.00 $1,057.24 $189,474.87
100 $189,474.87 $1,433.21 $0.00 $1,071.32 $191,979.40
101 $191,979.40 $1,433.21 $0.00 $1,085.48 $194,498.09
102 $194,498.09 $1,433.21 $0.00 $1,099.72 $197,031.02
103 $197,031.02 $1,433.21 $0.00 $1,114.04 $199,578.27
104 $199,578.27 $1,433.21 $0.00 $1,128.44 $202,139.92
105 $202,139.92 $1,433.21 $0.00 $1,142.93 $204,716.06
106 $204,716.06 $1,433.21 $0.00 $1,157.49 $207,306.76
107 $207,306.76 $1,433.21 $0.00 $1,172.14 $209,912.11
108 $209,912.11 $1,433.21 $0.00 $1,186.87 $212,532.19
109 $212,532.19 $1,433.21 $0.00 $1,201.69 $215,167.09
110 $215,167.09 $1,433.21 $0.00 $1,216.59 $217,816.89
111 $217,816.89 $1,433.21 $0.00 $1,231.57 $220,481.67
112 $220,481.67 $1,433.21 $0.00 $1,246.64 $223,161.52
113 $223,161.52 $1,433.21 $0.00 $1,261.79 $225,856.52
114 $225,856.52 $1,433.21 $0.00 $1,277.03 $228,566.76
115 $228,566.76 $1,433.21 $0.00 $1,292.35 $231,292.32
116 $231,292.32 $1,433.21 $0.00 $1,307.76 $234,033.29
117 $234,033.29 $1,433.21 $0.00 $1,323.26 $236,789.76
118 $236,789.76 $1,433.21 $0.00 $1,338.84 $239,561.81
119 $239,561.81 $1,433.21 $0.00 $1,354.52 $242,349.54
120 $242,349.54 $1,433.21 $0.00 $1,370.28 $245,153.03
121 $245,153.03 $1,433.21 $0.00 $1,386.13 $247,972.37
122 $247,972.37 $1,433.21 $0.00 $1,402.07 $250,807.65
123 $250,807.65 $1,433.21 $0.00 $1,418.10 $253,658.96
124 $253,658.96 $1,433.21 $0.00 $1,434.22 $256,526.39
125 $256,526.39 $1,433.21 $0.00 $1,450.44 $259,410.04
126 $259,410.04 $1,433.21 $0.00 $1,466.74 $262,309.99
127 $262,309.99 $1,433.21 $0.00 $1,483.14 $265,226.34
128 $265,226.34 $1,433.21 $0.00 $1,499.63 $268,159.18
129 $268,159.18 $1,433.21 $0.00 $1,516.21 $271,108.60
130 $271,108.60 $1,433.21 $0.00 $1,532.89 $274,074.70
131 $274,074.70 $1,433.21 $0.00 $1,549.66 $277,057.57
132 $277,057.57 $1,433.21 $0.00 $1,566.52 $280,057.30
133 $280,057.30 $1,433.21 $0.00 $1,583.48 $283,073.99
134 $283,073.99 $1,433.21 $0.00 $1,600.54 $286,107.74
135 $286,107.74 $1,433.21 $0.00 $1,617.69 $289,158.64
136 $289,158.64 $1,433.21 $0.00 $1,634.94 $292,226.79
137 $292,226.79 $1,433.21 $0.00 $1,652.29 $295,312.29
138 $295,312.29 $1,433.21 $0.00 $1,669.74 $298,415.24
139 $298,415.24 $1,433.21 $0.00 $1,687.28 $301,535.73
140 $301,535.73 $1,433.21 $0.00 $1,704.93 $304,673.87
141 $304,673.87 $1,433.21 $0.00 $1,722.67 $307,829.75
142 $307,829.75 $1,433.21 $0.00 $1,740.51 $311,003.47
143 $311,003.47 $1,433.21 $0.00 $1,758.46 $314,195.14
144 $314,195.14 $1,433.21 $0.00 $1,776.51 $317,404.86
145 $317,404.86 $1,433.21 $0.00 $1,794.65 $320,632.72
146 $320,632.72 $1,433.21 $0.00 $1,812.90 $323,878.83
147 $323,878.83 $1,433.21 $0.00 $1,831.26 $327,143.30
148 $327,143.30 $1,433.21 $0.00 $1,849.72 $330,426.23
149 $330,426.23 $1,433.21 $0.00 $1,868.28 $333,727.72
150 $333,727.72 $1,433.21 $0.00 $1,886.95 $337,047.88
151 $337,047.88 $1,433.21 $0.00 $1,905.72 $340,386.81
152 $340,386.81 $1,433.21 $0.00 $1,924.60 $343,744.62
153 $343,744.62 $1,433.21 $0.00 $1,943.58 $347,121.41
154 $347,121.41 $1,433.21 $0.00 $1,962.67 $350,517.29
155 $350,517.29 $1,433.21 $0.00 $1,981.88 $353,932.38
156 $353,932.38 $1,433.21 $0.00 $2,001.19 $357,366.78
157 $357,366.78 $1,433.21 $0.00 $2,020.60 $360,820.59
158 $360,820.59 $1,433.21 $0.00 $2,040.13 $364,293.93
159 $364,293.93 $1,433.21 $0.00 $2,059.77 $367,786.91
160 $367,786.91 $1,433.21 $0.00 $2,079.52 $371,299.64
161 $371,299.64 $1,433.21 $0.00 $2,099.38 $374,832.23
162 $374,832.23 $1,433.21 $0.00 $2,119.36 $378,384.80
163 $378,384.80 $1,433.21 $0.00 $2,139.44 $381,957.45
164 $381,957.45 $1,433.21 $0.00 $2,159.64 $385,550.30
165 $385,550.30 $1,433.21 $0.00 $2,179.96 $389,163.47
166 $389,163.47 $1,433.21 $0.00 $2,200.39 $392,797.07
167 $392,797.07 $1,433.21 $0.00 $2,220.93 $396,451.21
168 $396,451.21 $1,433.21 $0.00 $2,241.59 $400,126.01
169 $400,126.01 $1,433.21 $0.00 $2,262.37 $403,821.59
170 $403,821.59 $1,433.21 $0.00 $2,283.27 $407,538.07
171 $407,538.07 $1,433.21 $0.00 $2,304.28 $411,275.56
172 $411,275.56 $1,433.21 $0.00 $2,325.41 $415,034.18
173 $415,034.18 $1,433.21 $0.00 $2,346.66 $418,814.05
174 $418,814.05 $1,433.21 $0.00 $2,368.04 $422,615.30
175 $422,615.30 $1,433.21 $0.00 $2,389.53 $426,438.04
176 $426,438.04 $1,433.21 $0.00 $2,411.14 $430,282.39
177 $430,282.39 $1,433.21 $0.00 $2,432.88 $434,148.48
178 $434,148.48 $1,433.21 $0.00 $2,454.74 $438,036.43
179 $438,036.43 $1,433.21 $0.00 $2,476.72 $441,946.36
180 $441,946.36 $1,433.21 $0.00 $2,498.83 $445,878.40
181 $445,878.40 $1,433.21 $0.00 $2,521.06 $449,832.67
182 $449,832.67 $1,433.21 $0.00 $2,543.42 $453,809.30
183 $453,809.30 $1,433.21 $0.00 $2,565.90 $457,808.41
184 $457,808.41 $1,433.21 $0.00 $2,588.52 $461,830.14
185 $461,830.14 $1,433.21 $0.00 $2,611.25 $465,874.60
186 $465,874.60 $1,433.21 $0.00 $2,634.12 $469,941.93
187 $469,941.93 $1,433.21 $0.00 $2,657.12 $474,032.26
188 $474,032.26 $1,433.21 $0.00 $2,680.25 $478,145.72
189 $478,145.72 $1,433.21 $0.00 $2,703.51 $482,282.44
190 $482,282.44 $1,433.21 $0.00 $2,726.90 $486,442.55
191 $486,442.55 $1,433.21 $0.00 $2,750.42 $490,626.18
192 $490,626.18 $1,433.21 $0.00 $2,774.07 $494,833.46
193 $494,833.46 $1,433.21 $0.00 $2,797.86 $499,064.53
194 $499,064.53 $1,433.21 $0.00 $2,821.78 $503,319.52
195 $503,319.52 $1,433.21 $0.00 $2,845.84 $507,598.57
196 $507,598.57 $1,433.21 $0.00 $2,870.04 $511,901.82
197 $511,901.82 $1,433.21 $0.00 $2,894.37 $516,229.40
198 $516,229.40 $1,433.21 $0.00 $2,918.84 $520,581.45
199 $520,581.45 $1,433.21 $0.00 $2,943.44 $524,958.10
200 $524,958.10 $1,433.21 $0.00 $2,968.19 $529,359.50
201 $529,359.50 $1,433.21 $0.00 $2,993.08 $533,785.79
202 $533,785.79 $1,433.21 $0.00 $3,018.10 $538,237.10
203 $538,237.10 $1,433.21 $0.00 $3,043.27 $542,713.58
204 $542,713.58 $1,433.21 $0.00 $3,068.58 $547,215.37
205 $547,215.37 $1,433.21 $0.00 $3,094.04 $551,742.62
206 $551,742.62 $1,433.21 $0.00 $3,119.63 $556,295.46
207 $556,295.46 $1,433.21 $0.00 $3,145.38 $560,874.05
208 $560,874.05 $1,433.21 $0.00 $3,171.26 $565,478.52
209 $565,478.52 $1,433.21 $0.00 $3,197.30 $570,109.03
210 $570,109.03 $1,433.21 $0.00 $3,223.48 $574,765.72
211 $574,765.72 $1,433.21 $0.00 $3,249.81 $579,448.74
212 $579,448.74 $1,433.21 $0.00 $3,276.29 $584,158.24
213 $584,158.24 $1,433.21 $0.00 $3,302.92 $588,894.37
214 $588,894.37 $1,433.21 $0.00 $3,329.69 $593,657.27
215 $593,657.27 $1,433.21 $0.00 $3,356.62 $598,447.10
216 $598,447.10 $1,433.21 $0.00 $3,383.71 $603,264.02
217 $603,264.02 $1,433.21 $168,030.15 $3,410.94 $440,078.02
218 $440,078.02 $1,433.21 $0.00 $2,488.27 $443,999.50
219 $443,999.50 $1,433.21 $0.00 $2,510.44 $447,943.15
220 $447,943.15 $1,433.21 $0.00 $2,532.74 $451,909.10
221 $451,909.10 $1,433.21 $0.00 $2,555.16 $455,897.47
222 $455,897.47 $1,433.21 $0.00 $2,577.71 $459,908.39
223 $459,908.39 $1,433.21 $0.00 $2,600.39 $463,941.99
224 $463,941.99 $1,433.21 $0.00 $2,623.20 $467,998.40
225 $467,998.40 $1,433.21 $0.00 $2,646.13 $472,077.74
226 $472,077.74 $1,433.21 $0.00 $2,669.20 $476,180.15
227 $476,180.15 $1,433.21 $0.00 $2,692.39 $480,305.75
228 $480,305.75 $1,433.21 $0.00 $2,715.72 $484,454.68
229 $484,454.68 $1,433.21 $176,431.66 $2,739.18 $312,195.41
230 $312,195.41 $1,433.21 $0.00 $1,765.20 $315,393.82
231 $315,393.82 $1,433.21 $0.00 $1,783.28 $318,610.31
232 $318,610.31 $1,433.21 $0.00 $1,801.47 $321,844.99
233 $321,844.99 $1,433.21 $0.00 $1,819.76 $325,097.96
234 $325,097.96 $1,433.21 $0.00 $1,838.15 $328,369.32
235 $328,369.32 $1,433.21 $0.00 $1,856.65 $331,659.18
236 $331,659.18 $1,433.21 $0.00 $1,875.25 $334,967.64
237 $334,967.64 $1,433.21 $0.00 $1,893.96 $338,294.81
238 $338,294.81 $1,433.21 $0.00 $1,912.77 $341,640.79
239 $341,640.79 $1,433.21 $0.00 $1,931.69 $345,005.69
240 $345,005.69 $1,433.21 $0.00 $1,950.71 $348,389.61
241 $348,389.61 $1,433.21 $185,253.25 $1,969.85 $166,539.42
242 $166,539.42 $1,433.21 $0.00 $941.64 $168,914.27
243 $168,914.27 $1,433.21 $0.00 $955.07 $171,302.55
244 $171,302.55 $1,433.21 $0.00 $968.57 $173,704.33
245 $173,704.33 $1,433.21 $0.00 $982.15 $176,119.69
246 $176,119.69 $1,433.21 $0.00 $995.81 $178,548.71
247 $178,548.71 $1,433.21 $0.00 $1,009.54 $180,991.46
248 $180,991.46 $1,433.21 $0.00 $1,023.35 $183,448.02
249 $183,448.02 $1,433.21 $0.00 $1,037.24 $185,918.47
250 $185,918.47 $1,433.21 $0.00 $1,051.21 $188,402.89
251 $188,402.89 $1,433.21 $0.00 $1,065.26 $190,901.36
252 $190,901.36 $1,433.21 $0.00 $1,079.38 $193,413.95
253 $193,413.95 $0.00 $194,515.91 $1,093.59 ($8.37)