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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$98,646
Monthly savings required$781

How much will it cost to send your child to Geneva College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $394,582.44 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $780.87 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$38,040.00
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 $780.87 $0.00 $0.00 $780.87
2 $780.87 $780.87 $0.00 $4.42 $1,566.16
3 $1,566.16 $780.87 $0.00 $8.86 $2,355.89
4 $2,355.89 $780.87 $0.00 $13.32 $3,150.08
5 $3,150.08 $780.87 $0.00 $17.81 $3,948.76
6 $3,948.76 $780.87 $0.00 $22.33 $4,751.96
7 $4,751.96 $780.87 $0.00 $26.87 $5,559.70
8 $5,559.70 $780.87 $0.00 $31.44 $6,372.01
9 $6,372.01 $780.87 $0.00 $36.03 $7,188.91
10 $7,188.91 $780.87 $0.00 $40.65 $8,010.43
11 $8,010.43 $780.87 $0.00 $45.29 $8,836.59
12 $8,836.59 $780.87 $0.00 $49.96 $9,667.42
13 $9,667.42 $780.87 $0.00 $54.66 $10,502.95
14 $10,502.95 $780.87 $0.00 $59.39 $11,343.21
15 $11,343.21 $780.87 $0.00 $64.14 $12,188.22
16 $12,188.22 $780.87 $0.00 $68.91 $13,038.00
17 $13,038.00 $780.87 $0.00 $73.72 $13,892.59
18 $13,892.59 $780.87 $0.00 $78.55 $14,752.01
19 $14,752.01 $780.87 $0.00 $83.41 $15,616.29
20 $15,616.29 $780.87 $0.00 $88.30 $16,485.46
21 $16,485.46 $780.87 $0.00 $93.21 $17,359.54
22 $17,359.54 $780.87 $0.00 $98.15 $18,238.56
23 $18,238.56 $780.87 $0.00 $103.12 $19,122.55
24 $19,122.55 $780.87 $0.00 $108.12 $20,011.54
25 $20,011.54 $780.87 $0.00 $113.15 $20,905.56
26 $20,905.56 $780.87 $0.00 $118.20 $21,804.63
27 $21,804.63 $780.87 $0.00 $123.29 $22,708.79
28 $22,708.79 $780.87 $0.00 $128.40 $23,618.06
29 $23,618.06 $780.87 $0.00 $133.54 $24,532.47
30 $24,532.47 $780.87 $0.00 $138.71 $25,452.05
31 $25,452.05 $780.87 $0.00 $143.91 $26,376.83
32 $26,376.83 $780.87 $0.00 $149.14 $27,306.84
33 $27,306.84 $780.87 $0.00 $154.40 $28,242.11
34 $28,242.11 $780.87 $0.00 $159.68 $29,182.66
35 $29,182.66 $780.87 $0.00 $165.00 $30,128.53
36 $30,128.53 $780.87 $0.00 $170.35 $31,079.75
37 $31,079.75 $780.87 $0.00 $175.73 $32,036.35
38 $32,036.35 $780.87 $0.00 $181.14 $32,998.36
39 $32,998.36 $780.87 $0.00 $186.58 $33,965.81
40 $33,965.81 $780.87 $0.00 $192.05 $34,938.73
41 $34,938.73 $780.87 $0.00 $197.55 $35,917.15
42 $35,917.15 $780.87 $0.00 $203.08 $36,901.10
43 $36,901.10 $780.87 $0.00 $208.64 $37,890.61
44 $37,890.61 $780.87 $0.00 $214.24 $38,885.72
45 $38,885.72 $780.87 $0.00 $219.87 $39,886.46
46 $39,886.46 $780.87 $0.00 $225.52 $40,892.85
47 $40,892.85 $780.87 $0.00 $231.21 $41,904.93
48 $41,904.93 $780.87 $0.00 $236.94 $42,922.74
49 $42,922.74 $780.87 $0.00 $242.69 $43,946.30
50 $43,946.30 $780.87 $0.00 $248.48 $44,975.65
51 $44,975.65 $780.87 $0.00 $254.30 $46,010.82
52 $46,010.82 $780.87 $0.00 $260.15 $47,051.84
53 $47,051.84 $780.87 $0.00 $266.04 $48,098.75
54 $48,098.75 $780.87 $0.00 $271.96 $49,151.58
55 $49,151.58 $780.87 $0.00 $277.91 $50,210.36
56 $50,210.36 $780.87 $0.00 $283.90 $51,275.13
57 $51,275.13 $780.87 $0.00 $289.92 $52,345.92
58 $52,345.92 $780.87 $0.00 $295.97 $53,422.76
59 $53,422.76 $780.87 $0.00 $302.06 $54,505.69
60 $54,505.69 $780.87 $0.00 $308.18 $55,594.74
61 $55,594.74 $780.87 $0.00 $314.34 $56,689.95
62 $56,689.95 $780.87 $0.00 $320.53 $57,791.35
63 $57,791.35 $780.87 $0.00 $326.76 $58,898.98
64 $58,898.98 $780.87 $0.00 $333.02 $60,012.87
65 $60,012.87 $780.87 $0.00 $339.32 $61,133.06
66 $61,133.06 $780.87 $0.00 $345.66 $62,259.59
67 $62,259.59 $780.87 $0.00 $352.02 $63,392.48
68 $63,392.48 $780.87 $0.00 $358.43 $64,531.78
69 $64,531.78 $780.87 $0.00 $364.87 $65,677.52
70 $65,677.52 $780.87 $0.00 $371.35 $66,829.74
71 $66,829.74 $780.87 $0.00 $377.87 $67,988.48
72 $67,988.48 $780.87 $0.00 $384.42 $69,153.77
73 $69,153.77 $780.87 $0.00 $391.01 $70,325.65
74 $70,325.65 $780.87 $0.00 $397.63 $71,504.15
75 $71,504.15 $780.87 $0.00 $404.29 $72,689.31
76 $72,689.31 $780.87 $0.00 $411.00 $73,881.18
77 $73,881.18 $780.87 $0.00 $417.73 $75,079.78
78 $75,079.78 $780.87 $0.00 $424.51 $76,285.16
79 $76,285.16 $780.87 $0.00 $431.33 $77,497.36
80 $77,497.36 $780.87 $0.00 $438.18 $78,716.41
81 $78,716.41 $780.87 $0.00 $445.07 $79,942.35
82 $79,942.35 $780.87 $0.00 $452.01 $81,175.23
83 $81,175.23 $780.87 $0.00 $458.98 $82,415.08
84 $82,415.08 $780.87 $0.00 $465.99 $83,661.94
85 $83,661.94 $780.87 $0.00 $473.04 $84,915.85
86 $84,915.85 $780.87 $0.00 $480.13 $86,176.85
87 $86,176.85 $780.87 $0.00 $487.26 $87,444.98
88 $87,444.98 $780.87 $0.00 $494.43 $88,720.28
89 $88,720.28 $780.87 $0.00 $501.64 $90,002.79
90 $90,002.79 $780.87 $0.00 $508.89 $91,292.55
91 $91,292.55 $780.87 $0.00 $516.18 $92,589.60
92 $92,589.60 $780.87 $0.00 $523.52 $93,893.99
93 $93,893.99 $780.87 $0.00 $530.89 $95,205.75
94 $95,205.75 $780.87 $0.00 $538.31 $96,524.93
95 $96,524.93 $780.87 $0.00 $545.77 $97,851.57
96 $97,851.57 $780.87 $0.00 $553.27 $99,185.71
97 $99,185.71 $780.87 $0.00 $560.81 $100,527.39
98 $100,527.39 $780.87 $0.00 $568.40 $101,876.66
99 $101,876.66 $780.87 $0.00 $576.03 $103,233.56
100 $103,233.56 $780.87 $0.00 $583.70 $104,598.13
101 $104,598.13 $780.87 $0.00 $591.41 $105,970.41
102 $105,970.41 $780.87 $0.00 $599.17 $107,350.45
103 $107,350.45 $780.87 $0.00 $606.98 $108,738.30
104 $108,738.30 $780.87 $0.00 $614.82 $110,133.99
105 $110,133.99 $780.87 $0.00 $622.71 $111,537.57
106 $111,537.57 $780.87 $0.00 $630.65 $112,949.09
107 $112,949.09 $780.87 $0.00 $638.63 $114,368.59
108 $114,368.59 $780.87 $0.00 $646.66 $115,796.12
109 $115,796.12 $780.87 $0.00 $654.73 $117,231.72
110 $117,231.72 $780.87 $0.00 $662.85 $118,675.44
111 $118,675.44 $780.87 $0.00 $671.01 $120,127.32
112 $120,127.32 $780.87 $0.00 $679.22 $121,587.41
113 $121,587.41 $780.87 $0.00 $687.47 $123,055.75
114 $123,055.75 $780.87 $0.00 $695.78 $124,532.40
115 $124,532.40 $780.87 $0.00 $704.12 $126,017.39
116 $126,017.39 $780.87 $0.00 $712.52 $127,510.78
117 $127,510.78 $780.87 $0.00 $720.96 $129,012.61
118 $129,012.61 $780.87 $0.00 $729.46 $130,522.94
119 $130,522.94 $780.87 $0.00 $738.00 $132,041.81
120 $132,041.81 $780.87 $0.00 $746.58 $133,569.26
121 $133,569.26 $780.87 $0.00 $755.22 $135,105.35
122 $135,105.35 $780.87 $0.00 $763.91 $136,650.13
123 $136,650.13 $780.87 $0.00 $772.64 $138,203.64
124 $138,203.64 $780.87 $0.00 $781.42 $139,765.93
125 $139,765.93 $780.87 $0.00 $790.26 $141,337.06
126 $141,337.06 $780.87 $0.00 $799.14 $142,917.07
127 $142,917.07 $780.87 $0.00 $808.07 $144,506.01
128 $144,506.01 $780.87 $0.00 $817.06 $146,103.94
129 $146,103.94 $780.87 $0.00 $826.09 $147,710.90
130 $147,710.90 $780.87 $0.00 $835.18 $149,326.95
131 $149,326.95 $780.87 $0.00 $844.32 $150,952.14
132 $150,952.14 $780.87 $0.00 $853.51 $152,586.52
133 $152,586.52 $780.87 $0.00 $862.75 $154,230.14
134 $154,230.14 $780.87 $0.00 $872.04 $155,883.05
135 $155,883.05 $780.87 $0.00 $881.39 $157,545.31
136 $157,545.31 $780.87 $0.00 $890.78 $159,216.96
137 $159,216.96 $780.87 $0.00 $900.24 $160,898.07
138 $160,898.07 $780.87 $0.00 $909.74 $162,588.68
139 $162,588.68 $780.87 $0.00 $919.30 $164,288.85
140 $164,288.85 $780.87 $0.00 $928.91 $165,998.63
141 $165,998.63 $780.87 $0.00 $938.58 $167,718.08
142 $167,718.08 $780.87 $0.00 $948.30 $169,447.25
143 $169,447.25 $780.87 $0.00 $958.08 $171,186.20
144 $171,186.20 $780.87 $0.00 $967.91 $172,934.98
145 $172,934.98 $780.87 $0.00 $977.80 $174,693.65
146 $174,693.65 $780.87 $0.00 $987.74 $176,462.26
147 $176,462.26 $780.87 $0.00 $997.74 $178,240.87
148 $178,240.87 $780.87 $0.00 $1,007.80 $180,029.54
149 $180,029.54 $780.87 $0.00 $1,017.91 $181,828.32
150 $181,828.32 $780.87 $0.00 $1,028.08 $183,637.27
151 $183,637.27 $780.87 $0.00 $1,038.31 $185,456.45
152 $185,456.45 $780.87 $0.00 $1,048.60 $187,285.92
153 $187,285.92 $780.87 $0.00 $1,058.94 $189,125.73
154 $189,125.73 $780.87 $0.00 $1,069.34 $190,975.94
155 $190,975.94 $780.87 $0.00 $1,079.81 $192,836.62
156 $192,836.62 $780.87 $0.00 $1,090.33 $194,707.82
157 $194,707.82 $780.87 $0.00 $1,100.91 $196,589.60
158 $196,589.60 $780.87 $0.00 $1,111.55 $198,482.02
159 $198,482.02 $780.87 $0.00 $1,122.25 $200,385.14
160 $200,385.14 $780.87 $0.00 $1,133.01 $202,299.02
161 $202,299.02 $780.87 $0.00 $1,143.83 $204,223.72
162 $204,223.72 $780.87 $0.00 $1,154.71 $206,159.30
163 $206,159.30 $780.87 $0.00 $1,165.65 $208,105.82
164 $208,105.82 $780.87 $0.00 $1,176.66 $210,063.35
165 $210,063.35 $780.87 $0.00 $1,187.73 $212,031.95
166 $212,031.95 $780.87 $0.00 $1,198.86 $214,011.68
167 $214,011.68 $780.87 $0.00 $1,210.05 $216,002.60
168 $216,002.60 $780.87 $0.00 $1,221.31 $218,004.78
169 $218,004.78 $780.87 $0.00 $1,232.63 $220,018.28
170 $220,018.28 $780.87 $0.00 $1,244.02 $222,043.17
171 $222,043.17 $780.87 $0.00 $1,255.46 $224,079.50
172 $224,079.50 $780.87 $0.00 $1,266.98 $226,127.35
173 $226,127.35 $780.87 $0.00 $1,278.56 $228,186.78
174 $228,186.78 $780.87 $0.00 $1,290.20 $230,257.85
175 $230,257.85 $780.87 $0.00 $1,301.91 $232,340.63
176 $232,340.63 $780.87 $0.00 $1,313.69 $234,435.19
177 $234,435.19 $780.87 $0.00 $1,325.53 $236,541.59
178 $236,541.59 $780.87 $0.00 $1,337.44 $238,659.90
179 $238,659.90 $780.87 $0.00 $1,349.42 $240,790.19
180 $240,790.19 $780.87 $0.00 $1,361.46 $242,932.52
181 $242,932.52 $780.87 $0.00 $1,373.58 $245,086.97
182 $245,086.97 $780.87 $0.00 $1,385.76 $247,253.60
183 $247,253.60 $780.87 $0.00 $1,398.01 $249,432.48
184 $249,432.48 $780.87 $0.00 $1,410.33 $251,623.68
185 $251,623.68 $780.87 $0.00 $1,422.72 $253,827.27
186 $253,827.27 $780.87 $0.00 $1,435.18 $256,043.32
187 $256,043.32 $780.87 $0.00 $1,447.71 $258,271.90
188 $258,271.90 $780.87 $0.00 $1,460.31 $260,513.08
189 $260,513.08 $780.87 $0.00 $1,472.98 $262,766.93
190 $262,766.93 $780.87 $0.00 $1,485.72 $265,033.52
191 $265,033.52 $780.87 $0.00 $1,498.54 $267,312.93
192 $267,312.93 $780.87 $0.00 $1,511.43 $269,605.23
193 $269,605.23 $780.87 $0.00 $1,524.39 $271,910.49
194 $271,910.49 $780.87 $0.00 $1,537.42 $274,228.78
195 $274,228.78 $780.87 $0.00 $1,550.53 $276,560.18
196 $276,560.18 $780.87 $0.00 $1,563.71 $278,904.76
197 $278,904.76 $780.87 $0.00 $1,576.97 $281,262.60
198 $281,262.60 $780.87 $0.00 $1,590.30 $283,633.77
199 $283,633.77 $780.87 $0.00 $1,603.71 $286,018.35
200 $286,018.35 $780.87 $0.00 $1,617.19 $288,416.41
201 $288,416.41 $780.87 $0.00 $1,630.75 $290,828.03
202 $290,828.03 $780.87 $0.00 $1,644.38 $293,253.28
203 $293,253.28 $780.87 $0.00 $1,658.10 $295,692.25
204 $295,692.25 $780.87 $0.00 $1,671.89 $298,145.01
205 $298,145.01 $780.87 $0.00 $1,685.76 $300,611.64
206 $300,611.64 $780.87 $0.00 $1,699.70 $303,092.21
207 $303,092.21 $780.87 $0.00 $1,713.73 $305,586.81
208 $305,586.81 $780.87 $0.00 $1,727.83 $308,095.51
209 $308,095.51 $780.87 $0.00 $1,742.02 $310,618.40
210 $310,618.40 $780.87 $0.00 $1,756.28 $313,155.55
211 $313,155.55 $780.87 $0.00 $1,770.63 $315,707.05
212 $315,707.05 $780.87 $0.00 $1,785.05 $318,272.97
213 $318,272.97 $780.87 $0.00 $1,799.56 $320,853.40
214 $320,853.40 $780.87 $0.00 $1,814.15 $323,448.42
215 $323,448.42 $780.87 $0.00 $1,828.82 $326,058.11
216 $326,058.11 $780.87 $0.00 $1,843.58 $328,682.56
217 $328,682.56 $780.87 $91,547.80 $1,858.42 $239,774.05
218 $239,774.05 $780.87 $0.00 $1,355.72 $241,910.64
219 $241,910.64 $780.87 $0.00 $1,367.80 $244,059.31
220 $244,059.31 $780.87 $0.00 $1,379.95 $246,220.13
221 $246,220.13 $780.87 $0.00 $1,392.16 $248,393.16
222 $248,393.16 $780.87 $0.00 $1,404.45 $250,578.48
223 $250,578.48 $780.87 $0.00 $1,416.81 $252,776.16
224 $252,776.16 $780.87 $0.00 $1,429.23 $254,986.26
225 $254,986.26 $780.87 $0.00 $1,441.73 $257,208.86
226 $257,208.86 $780.87 $0.00 $1,454.30 $259,444.03
227 $259,444.03 $780.87 $0.00 $1,466.93 $261,691.83
228 $261,691.83 $780.87 $0.00 $1,479.64 $263,952.34
229 $263,952.34 $780.87 $96,125.19 $1,492.42 $170,100.44
230 $170,100.44 $780.87 $0.00 $961.77 $171,843.08
231 $171,843.08 $780.87 $0.00 $971.63 $173,595.58
232 $173,595.58 $780.87 $0.00 $981.53 $175,357.98
233 $175,357.98 $780.87 $0.00 $991.50 $177,130.35
234 $177,130.35 $780.87 $0.00 $1,001.52 $178,912.74
235 $178,912.74 $780.87 $0.00 $1,011.60 $180,705.21
236 $180,705.21 $780.87 $0.00 $1,021.73 $182,507.81
237 $182,507.81 $780.87 $0.00 $1,031.93 $184,320.61
238 $184,320.61 $780.87 $0.00 $1,042.18 $186,143.66
239 $186,143.66 $780.87 $0.00 $1,052.48 $187,977.01
240 $187,977.01 $780.87 $0.00 $1,062.85 $189,820.73
241 $189,820.73 $780.87 $100,931.44 $1,073.27 $90,743.43
242 $90,743.43 $780.87 $0.00 $513.08 $92,037.38
243 $92,037.38 $780.87 $0.00 $520.39 $93,338.64
244 $93,338.64 $780.87 $0.00 $527.75 $94,647.26
245 $94,647.26 $780.87 $0.00 $535.15 $95,963.28
246 $95,963.28 $780.87 $0.00 $542.59 $97,286.74
247 $97,286.74 $780.87 $0.00 $550.07 $98,617.68
248 $98,617.68 $780.87 $0.00 $557.60 $99,956.15
249 $99,956.15 $780.87 $0.00 $565.17 $101,302.19
250 $101,302.19 $780.87 $0.00 $572.78 $102,655.84
251 $102,655.84 $780.87 $0.00 $580.43 $104,017.14
252 $104,017.14 $780.87 $0.00 $588.13 $105,386.14
253 $105,386.14 $0.00 $105,978.02 $595.87 $3.99