Savings Plan and Future Cost Estimation for Thiel College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$203,266
Monthly savings required$1,606

How much will it cost to send your child to Thiel College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $813,063.37 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,606.45 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$54,180.00
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 $1,606.45 $0.00 $0.00 $1,606.45
2 $1,606.45 $1,606.45 $0.00 $9.08 $3,221.98
3 $3,221.98 $1,606.45 $0.00 $18.22 $4,846.65
4 $4,846.65 $1,606.45 $0.00 $27.40 $6,480.50
5 $6,480.50 $1,606.45 $0.00 $36.64 $8,123.59
6 $8,123.59 $1,606.45 $0.00 $45.93 $9,775.97
7 $9,775.97 $1,606.45 $0.00 $55.27 $11,437.69
8 $11,437.69 $1,606.45 $0.00 $64.67 $13,108.81
9 $13,108.81 $1,606.45 $0.00 $74.12 $14,789.38
10 $14,789.38 $1,606.45 $0.00 $83.62 $16,479.45
11 $16,479.45 $1,606.45 $0.00 $93.18 $18,179.08
12 $18,179.08 $1,606.45 $0.00 $102.79 $19,888.32
13 $19,888.32 $1,606.45 $0.00 $112.45 $21,607.22
14 $21,607.22 $1,606.45 $0.00 $122.17 $23,335.84
15 $23,335.84 $1,606.45 $0.00 $131.94 $25,074.23
16 $25,074.23 $1,606.45 $0.00 $141.77 $26,822.45
17 $26,822.45 $1,606.45 $0.00 $151.66 $28,580.56
18 $28,580.56 $1,606.45 $0.00 $161.60 $30,348.61
19 $30,348.61 $1,606.45 $0.00 $171.60 $32,126.66
20 $32,126.66 $1,606.45 $0.00 $181.65 $33,914.76
21 $33,914.76 $1,606.45 $0.00 $191.76 $35,712.97
22 $35,712.97 $1,606.45 $0.00 $201.93 $37,521.35
23 $37,521.35 $1,606.45 $0.00 $212.15 $39,339.95
24 $39,339.95 $1,606.45 $0.00 $222.43 $41,168.83
25 $41,168.83 $1,606.45 $0.00 $232.77 $43,008.05
26 $43,008.05 $1,606.45 $0.00 $243.17 $44,857.67
27 $44,857.67 $1,606.45 $0.00 $253.63 $46,717.75
28 $46,717.75 $1,606.45 $0.00 $264.15 $48,588.35
29 $48,588.35 $1,606.45 $0.00 $274.73 $50,469.53
30 $50,469.53 $1,606.45 $0.00 $285.36 $52,361.34
31 $52,361.34 $1,606.45 $0.00 $296.06 $54,263.85
32 $54,263.85 $1,606.45 $0.00 $306.82 $56,177.12
33 $56,177.12 $1,606.45 $0.00 $317.63 $58,101.20
34 $58,101.20 $1,606.45 $0.00 $328.51 $60,036.16
35 $60,036.16 $1,606.45 $0.00 $339.45 $61,982.06
36 $61,982.06 $1,606.45 $0.00 $350.46 $63,938.97
37 $63,938.97 $1,606.45 $0.00 $361.52 $65,906.94
38 $65,906.94 $1,606.45 $0.00 $372.65 $67,886.04
39 $67,886.04 $1,606.45 $0.00 $383.84 $69,876.33
40 $69,876.33 $1,606.45 $0.00 $395.09 $71,877.87
41 $71,877.87 $1,606.45 $0.00 $406.41 $73,890.73
42 $73,890.73 $1,606.45 $0.00 $417.79 $75,914.97
43 $75,914.97 $1,606.45 $0.00 $429.23 $77,950.65
44 $77,950.65 $1,606.45 $0.00 $440.74 $79,997.84
45 $79,997.84 $1,606.45 $0.00 $452.32 $82,056.61
46 $82,056.61 $1,606.45 $0.00 $463.96 $84,127.02
47 $84,127.02 $1,606.45 $0.00 $475.67 $86,209.14
48 $86,209.14 $1,606.45 $0.00 $487.44 $88,303.03
49 $88,303.03 $1,606.45 $0.00 $499.28 $90,408.76
50 $90,408.76 $1,606.45 $0.00 $511.18 $92,526.39
51 $92,526.39 $1,606.45 $0.00 $523.16 $94,656.00
52 $94,656.00 $1,606.45 $0.00 $535.20 $96,797.65
53 $96,797.65 $1,606.45 $0.00 $547.31 $98,951.41
54 $98,951.41 $1,606.45 $0.00 $559.49 $101,117.35
55 $101,117.35 $1,606.45 $0.00 $571.73 $103,295.53
56 $103,295.53 $1,606.45 $0.00 $584.05 $105,486.03
57 $105,486.03 $1,606.45 $0.00 $596.43 $107,688.91
58 $107,688.91 $1,606.45 $0.00 $608.89 $109,904.25
59 $109,904.25 $1,606.45 $0.00 $621.41 $112,132.11
60 $112,132.11 $1,606.45 $0.00 $634.01 $114,372.57
61 $114,372.57 $1,606.45 $0.00 $646.68 $116,625.70
62 $116,625.70 $1,606.45 $0.00 $659.42 $118,891.57
63 $118,891.57 $1,606.45 $0.00 $672.23 $121,170.25
64 $121,170.25 $1,606.45 $0.00 $685.11 $123,461.81
65 $123,461.81 $1,606.45 $0.00 $698.07 $125,766.33
66 $125,766.33 $1,606.45 $0.00 $711.10 $128,083.88
67 $128,083.88 $1,606.45 $0.00 $724.20 $130,414.53
68 $130,414.53 $1,606.45 $0.00 $737.38 $132,758.36
69 $132,758.36 $1,606.45 $0.00 $750.64 $135,115.45
70 $135,115.45 $1,606.45 $0.00 $763.96 $137,485.86
71 $137,485.86 $1,606.45 $0.00 $777.37 $139,869.68
72 $139,869.68 $1,606.45 $0.00 $790.84 $142,266.97
73 $142,266.97 $1,606.45 $0.00 $804.40 $144,677.82
74 $144,677.82 $1,606.45 $0.00 $818.03 $147,102.30
75 $147,102.30 $1,606.45 $0.00 $831.74 $149,540.49
76 $149,540.49 $1,606.45 $0.00 $845.52 $151,992.46
77 $151,992.46 $1,606.45 $0.00 $859.39 $154,458.30
78 $154,458.30 $1,606.45 $0.00 $873.33 $156,938.08
79 $156,938.08 $1,606.45 $0.00 $887.35 $159,431.88
80 $159,431.88 $1,606.45 $0.00 $901.45 $161,939.78
81 $161,939.78 $1,606.45 $0.00 $915.63 $164,461.86
82 $164,461.86 $1,606.45 $0.00 $929.89 $166,998.20
83 $166,998.20 $1,606.45 $0.00 $944.23 $169,548.88
84 $169,548.88 $1,606.45 $0.00 $958.65 $172,113.98
85 $172,113.98 $1,606.45 $0.00 $973.16 $174,693.59
86 $174,693.59 $1,606.45 $0.00 $987.74 $177,287.78
87 $177,287.78 $1,606.45 $0.00 $1,002.41 $179,896.64
88 $179,896.64 $1,606.45 $0.00 $1,017.16 $182,520.25
89 $182,520.25 $1,606.45 $0.00 $1,032.00 $185,158.70
90 $185,158.70 $1,606.45 $0.00 $1,046.91 $187,812.06
91 $187,812.06 $1,606.45 $0.00 $1,061.92 $190,480.43
92 $190,480.43 $1,606.45 $0.00 $1,077.00 $193,163.88
93 $193,163.88 $1,606.45 $0.00 $1,092.18 $195,862.51
94 $195,862.51 $1,606.45 $0.00 $1,107.44 $198,576.40
95 $198,576.40 $1,606.45 $0.00 $1,122.78 $201,305.63
96 $201,305.63 $1,606.45 $0.00 $1,138.21 $204,050.29
97 $204,050.29 $1,606.45 $0.00 $1,153.73 $206,810.47
98 $206,810.47 $1,606.45 $0.00 $1,169.34 $209,586.26
99 $209,586.26 $1,606.45 $0.00 $1,185.03 $212,377.74
100 $212,377.74 $1,606.45 $0.00 $1,200.81 $215,185.00
101 $215,185.00 $1,606.45 $0.00 $1,216.69 $218,008.14
102 $218,008.14 $1,606.45 $0.00 $1,232.65 $220,847.24
103 $220,847.24 $1,606.45 $0.00 $1,248.70 $223,702.39
104 $223,702.39 $1,606.45 $0.00 $1,264.85 $226,573.69
105 $226,573.69 $1,606.45 $0.00 $1,281.08 $229,461.22
106 $229,461.22 $1,606.45 $0.00 $1,297.41 $232,365.08
107 $232,365.08 $1,606.45 $0.00 $1,313.83 $235,285.36
108 $235,285.36 $1,606.45 $0.00 $1,330.34 $238,222.15
109 $238,222.15 $1,606.45 $0.00 $1,346.94 $241,175.54
110 $241,175.54 $1,606.45 $0.00 $1,363.64 $244,145.63
111 $244,145.63 $1,606.45 $0.00 $1,380.43 $247,132.51
112 $247,132.51 $1,606.45 $0.00 $1,397.32 $250,136.28
113 $250,136.28 $1,606.45 $0.00 $1,414.31 $253,157.04
114 $253,157.04 $1,606.45 $0.00 $1,431.39 $256,194.88
115 $256,194.88 $1,606.45 $0.00 $1,448.56 $259,249.89
116 $259,249.89 $1,606.45 $0.00 $1,465.84 $262,322.18
117 $262,322.18 $1,606.45 $0.00 $1,483.21 $265,411.84
118 $265,411.84 $1,606.45 $0.00 $1,500.68 $268,518.97
119 $268,518.97 $1,606.45 $0.00 $1,518.25 $271,643.67
120 $271,643.67 $1,606.45 $0.00 $1,535.91 $274,786.03
121 $274,786.03 $1,606.45 $0.00 $1,553.68 $277,946.16
122 $277,946.16 $1,606.45 $0.00 $1,571.55 $281,124.16
123 $281,124.16 $1,606.45 $0.00 $1,589.52 $284,320.13
124 $284,320.13 $1,606.45 $0.00 $1,607.59 $287,534.17
125 $287,534.17 $1,606.45 $0.00 $1,625.76 $290,766.38
126 $290,766.38 $1,606.45 $0.00 $1,644.04 $294,016.87
127 $294,016.87 $1,606.45 $0.00 $1,662.41 $297,285.73
128 $297,285.73 $1,606.45 $0.00 $1,680.90 $300,573.08
129 $300,573.08 $1,606.45 $0.00 $1,699.48 $303,879.01
130 $303,879.01 $1,606.45 $0.00 $1,718.18 $307,203.64
131 $307,203.64 $1,606.45 $0.00 $1,736.97 $310,547.06
132 $310,547.06 $1,606.45 $0.00 $1,755.88 $313,909.39
133 $313,909.39 $1,606.45 $0.00 $1,774.89 $317,290.73
134 $317,290.73 $1,606.45 $0.00 $1,794.01 $320,691.19
135 $320,691.19 $1,606.45 $0.00 $1,813.23 $324,110.87
136 $324,110.87 $1,606.45 $0.00 $1,832.57 $327,549.89
137 $327,549.89 $1,606.45 $0.00 $1,852.01 $331,008.35
138 $331,008.35 $1,606.45 $0.00 $1,871.57 $334,486.37
139 $334,486.37 $1,606.45 $0.00 $1,891.23 $337,984.05
140 $337,984.05 $1,606.45 $0.00 $1,911.01 $341,501.51
141 $341,501.51 $1,606.45 $0.00 $1,930.90 $345,038.86
142 $345,038.86 $1,606.45 $0.00 $1,950.90 $348,596.21
143 $348,596.21 $1,606.45 $0.00 $1,971.01 $352,173.67
144 $352,173.67 $1,606.45 $0.00 $1,991.24 $355,771.36
145 $355,771.36 $1,606.45 $0.00 $2,011.58 $359,389.39
146 $359,389.39 $1,606.45 $0.00 $2,032.04 $363,027.88
147 $363,027.88 $1,606.45 $0.00 $2,052.61 $366,686.94
148 $366,686.94 $1,606.45 $0.00 $2,073.30 $370,366.69
149 $370,366.69 $1,606.45 $0.00 $2,094.11 $374,067.25
150 $374,067.25 $1,606.45 $0.00 $2,115.03 $377,788.73
151 $377,788.73 $1,606.45 $0.00 $2,136.07 $381,531.25
152 $381,531.25 $1,606.45 $0.00 $2,157.23 $385,294.93
153 $385,294.93 $1,606.45 $0.00 $2,178.51 $389,079.89
154 $389,079.89 $1,606.45 $0.00 $2,199.91 $392,886.25
155 $392,886.25 $1,606.45 $0.00 $2,221.44 $396,714.14
156 $396,714.14 $1,606.45 $0.00 $2,243.08 $400,563.67
157 $400,563.67 $1,606.45 $0.00 $2,264.85 $404,434.97
158 $404,434.97 $1,606.45 $0.00 $2,286.73 $408,328.15
159 $408,328.15 $1,606.45 $0.00 $2,308.75 $412,243.35
160 $412,243.35 $1,606.45 $0.00 $2,330.88 $416,180.68
161 $416,180.68 $1,606.45 $0.00 $2,353.15 $420,140.28
162 $420,140.28 $1,606.45 $0.00 $2,375.53 $424,122.26
163 $424,122.26 $1,606.45 $0.00 $2,398.05 $428,126.76
164 $428,126.76 $1,606.45 $0.00 $2,420.69 $432,153.90
165 $432,153.90 $1,606.45 $0.00 $2,443.46 $436,203.81
166 $436,203.81 $1,606.45 $0.00 $2,466.36 $440,276.62
167 $440,276.62 $1,606.45 $0.00 $2,489.39 $444,372.46
168 $444,372.46 $1,606.45 $0.00 $2,512.55 $448,491.46
169 $448,491.46 $1,606.45 $0.00 $2,535.84 $452,633.75
170 $452,633.75 $1,606.45 $0.00 $2,559.26 $456,799.46
171 $456,799.46 $1,606.45 $0.00 $2,582.81 $460,988.72
172 $460,988.72 $1,606.45 $0.00 $2,606.50 $465,201.67
173 $465,201.67 $1,606.45 $0.00 $2,630.32 $469,438.44
174 $469,438.44 $1,606.45 $0.00 $2,654.27 $473,699.16
175 $473,699.16 $1,606.45 $0.00 $2,678.36 $477,983.97
176 $477,983.97 $1,606.45 $0.00 $2,702.59 $482,293.01
177 $482,293.01 $1,606.45 $0.00 $2,726.95 $486,626.41
178 $486,626.41 $1,606.45 $0.00 $2,751.46 $490,984.32
179 $490,984.32 $1,606.45 $0.00 $2,776.10 $495,366.87
180 $495,366.87 $1,606.45 $0.00 $2,800.88 $499,774.20
181 $499,774.20 $1,606.45 $0.00 $2,825.80 $504,206.45
182 $504,206.45 $1,606.45 $0.00 $2,850.86 $508,663.76
183 $508,663.76 $1,606.45 $0.00 $2,876.06 $513,146.27
184 $513,146.27 $1,606.45 $0.00 $2,901.40 $517,654.12
185 $517,654.12 $1,606.45 $0.00 $2,926.89 $522,187.46
186 $522,187.46 $1,606.45 $0.00 $2,952.52 $526,746.43
187 $526,746.43 $1,606.45 $0.00 $2,978.30 $531,331.18
188 $531,331.18 $1,606.45 $0.00 $3,004.22 $535,941.85
189 $535,941.85 $1,606.45 $0.00 $3,030.29 $540,578.59
190 $540,578.59 $1,606.45 $0.00 $3,056.51 $545,241.55
191 $545,241.55 $1,606.45 $0.00 $3,082.87 $549,930.87
192 $549,930.87 $1,606.45 $0.00 $3,109.39 $554,646.71
193 $554,646.71 $1,606.45 $0.00 $3,136.05 $559,389.21
194 $559,389.21 $1,606.45 $0.00 $3,162.87 $564,158.53
195 $564,158.53 $1,606.45 $0.00 $3,189.83 $568,954.81
196 $568,954.81 $1,606.45 $0.00 $3,216.95 $573,778.21
197 $573,778.21 $1,606.45 $0.00 $3,244.23 $578,628.89
198 $578,628.89 $1,606.45 $0.00 $3,271.65 $583,506.99
199 $583,506.99 $1,606.45 $0.00 $3,299.23 $588,412.67
200 $588,412.67 $1,606.45 $0.00 $3,326.97 $593,346.09
201 $593,346.09 $1,606.45 $0.00 $3,354.87 $598,307.41
202 $598,307.41 $1,606.45 $0.00 $3,382.92 $603,296.78
203 $603,296.78 $1,606.45 $0.00 $3,411.13 $608,314.36
204 $608,314.36 $1,606.45 $0.00 $3,439.50 $613,360.31
205 $613,360.31 $1,606.45 $0.00 $3,468.03 $618,434.79
206 $618,434.79 $1,606.45 $0.00 $3,496.72 $623,537.96
207 $623,537.96 $1,606.45 $0.00 $3,525.57 $628,669.98
208 $628,669.98 $1,606.45 $0.00 $3,554.59 $633,831.02
209 $633,831.02 $1,606.45 $0.00 $3,583.77 $639,021.24
210 $639,021.24 $1,606.45 $0.00 $3,613.12 $644,240.81
211 $644,240.81 $1,606.45 $0.00 $3,642.63 $649,489.89
212 $649,489.89 $1,606.45 $0.00 $3,672.31 $654,768.65
213 $654,768.65 $1,606.45 $0.00 $3,702.16 $660,077.26
214 $660,077.26 $1,606.45 $0.00 $3,732.17 $665,415.88
215 $665,415.88 $1,606.45 $0.00 $3,762.36 $670,784.69
216 $670,784.69 $1,606.45 $0.00 $3,792.71 $676,183.85
217 $676,183.85 $1,606.45 $183,124.73 $3,823.24 $498,488.81
218 $498,488.81 $1,606.45 $0.00 $2,818.53 $502,913.79
219 $502,913.79 $1,606.45 $0.00 $2,843.55 $507,363.79
220 $507,363.79 $1,606.45 $0.00 $2,868.71 $511,838.95
221 $511,838.95 $1,606.45 $0.00 $2,894.01 $516,339.41
222 $516,339.41 $1,606.45 $0.00 $2,919.46 $520,865.32
223 $520,865.32 $1,606.45 $0.00 $2,945.05 $525,416.82
224 $525,416.82 $1,606.45 $0.00 $2,970.78 $529,994.05
225 $529,994.05 $1,606.45 $0.00 $2,996.66 $534,597.16
226 $534,597.16 $1,606.45 $0.00 $3,022.69 $539,226.30
227 $539,226.30 $1,606.45 $0.00 $3,048.86 $543,881.61
228 $543,881.61 $1,606.45 $0.00 $3,075.19 $548,563.25
229 $548,563.25 $1,606.45 $195,943.46 $3,101.66 $357,327.90
230 $357,327.90 $1,606.45 $0.00 $2,020.38 $360,954.73
231 $360,954.73 $1,606.45 $0.00 $2,040.89 $364,602.07
232 $364,602.07 $1,606.45 $0.00 $2,061.51 $368,270.03
233 $368,270.03 $1,606.45 $0.00 $2,082.25 $371,958.73
234 $371,958.73 $1,606.45 $0.00 $2,103.11 $375,668.29
235 $375,668.29 $1,606.45 $0.00 $2,124.08 $379,398.82
236 $379,398.82 $1,606.45 $0.00 $2,145.18 $383,150.45
237 $383,150.45 $1,606.45 $0.00 $2,166.39 $386,923.29
238 $386,923.29 $1,606.45 $0.00 $2,187.72 $390,717.46
239 $390,717.46 $1,606.45 $0.00 $2,209.17 $394,533.08
240 $394,533.08 $1,606.45 $0.00 $2,230.75 $398,370.28
241 $398,370.28 $1,606.45 $209,659.50 $2,252.44 $192,569.67
242 $192,569.67 $1,606.45 $0.00 $1,088.82 $195,264.94
243 $195,264.94 $1,606.45 $0.00 $1,104.06 $197,975.45
244 $197,975.45 $1,606.45 $0.00 $1,119.38 $200,701.28
245 $200,701.28 $1,606.45 $0.00 $1,134.79 $203,442.52
246 $203,442.52 $1,606.45 $0.00 $1,150.29 $206,199.26
247 $206,199.26 $1,606.45 $0.00 $1,165.88 $208,971.59
248 $208,971.59 $1,606.45 $0.00 $1,181.56 $211,759.60
249 $211,759.60 $1,606.45 $0.00 $1,197.32 $214,563.37
250 $214,563.37 $1,606.45 $0.00 $1,213.17 $217,382.99
251 $217,382.99 $1,606.45 $0.00 $1,229.12 $220,218.56
252 $220,218.56 $1,606.45 $0.00 $1,245.15 $223,070.16
253 $223,070.16 $0.00 $224,335.67 $1,261.27 -$4.24