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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$65,790
Monthly savings required$521

How much will it cost to send your child to Morris College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $263,158.69 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $520.78 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$25,370.00
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 $520.78 $0.00 $0.00 $520.78
2 $520.78 $520.78 $0.00 $2.94 $1,044.50
3 $1,044.50 $520.78 $0.00 $5.91 $1,571.19
4 $1,571.19 $520.78 $0.00 $8.88 $2,100.85
5 $2,100.85 $520.78 $0.00 $11.88 $2,633.51
6 $2,633.51 $520.78 $0.00 $14.89 $3,169.18
7 $3,169.18 $520.78 $0.00 $17.92 $3,707.88
8 $3,707.88 $520.78 $0.00 $20.96 $4,249.62
9 $4,249.62 $520.78 $0.00 $24.03 $4,794.43
10 $4,794.43 $520.78 $0.00 $27.11 $5,342.32
11 $5,342.32 $520.78 $0.00 $30.21 $5,893.31
12 $5,893.31 $520.78 $0.00 $33.32 $6,447.41
13 $6,447.41 $520.78 $0.00 $36.45 $7,004.64
14 $7,004.64 $520.78 $0.00 $39.61 $7,565.03
15 $7,565.03 $520.78 $0.00 $42.77 $8,128.58
16 $8,128.58 $520.78 $0.00 $45.96 $8,695.32
17 $8,695.32 $520.78 $0.00 $49.16 $9,265.26
18 $9,265.26 $520.78 $0.00 $52.39 $9,838.43
19 $9,838.43 $520.78 $0.00 $55.63 $10,414.84
20 $10,414.84 $520.78 $0.00 $58.89 $10,994.51
21 $10,994.51 $520.78 $0.00 $62.16 $11,577.45
22 $11,577.45 $520.78 $0.00 $65.46 $12,163.69
23 $12,163.69 $520.78 $0.00 $68.78 $12,753.25
24 $12,753.25 $520.78 $0.00 $72.11 $13,346.14
25 $13,346.14 $520.78 $0.00 $75.46 $13,942.38
26 $13,942.38 $520.78 $0.00 $78.83 $14,541.99
27 $14,541.99 $520.78 $0.00 $82.22 $15,144.99
28 $15,144.99 $520.78 $0.00 $85.63 $15,751.40
29 $15,751.40 $520.78 $0.00 $89.06 $16,361.24
30 $16,361.24 $520.78 $0.00 $92.51 $16,974.53
31 $16,974.53 $520.78 $0.00 $95.98 $17,591.29
32 $17,591.29 $520.78 $0.00 $99.46 $18,211.53
33 $18,211.53 $520.78 $0.00 $102.97 $18,835.28
34 $18,835.28 $520.78 $0.00 $106.50 $19,462.56
35 $19,462.56 $520.78 $0.00 $110.04 $20,093.38
36 $20,093.38 $520.78 $0.00 $113.61 $20,727.77
37 $20,727.77 $520.78 $0.00 $117.20 $21,365.75
38 $21,365.75 $520.78 $0.00 $120.81 $22,007.34
39 $22,007.34 $520.78 $0.00 $124.43 $22,652.55
40 $22,652.55 $520.78 $0.00 $128.08 $23,301.41
41 $23,301.41 $520.78 $0.00 $131.75 $23,953.94
42 $23,953.94 $520.78 $0.00 $135.44 $24,610.16
43 $24,610.16 $520.78 $0.00 $139.15 $25,270.09
44 $25,270.09 $520.78 $0.00 $142.88 $25,933.75
45 $25,933.75 $520.78 $0.00 $146.63 $26,601.16
46 $26,601.16 $520.78 $0.00 $150.41 $27,272.35
47 $27,272.35 $520.78 $0.00 $154.20 $27,947.33
48 $27,947.33 $520.78 $0.00 $158.02 $28,626.13
49 $28,626.13 $520.78 $0.00 $161.86 $29,308.77
50 $29,308.77 $520.78 $0.00 $165.72 $29,995.27
51 $29,995.27 $520.78 $0.00 $169.60 $30,685.65
52 $30,685.65 $520.78 $0.00 $173.50 $31,379.93
53 $31,379.93 $520.78 $0.00 $177.43 $32,078.14
54 $32,078.14 $520.78 $0.00 $181.37 $32,780.29
55 $32,780.29 $520.78 $0.00 $185.34 $33,486.41
56 $33,486.41 $520.78 $0.00 $189.34 $34,196.53
57 $34,196.53 $520.78 $0.00 $193.35 $34,910.66
58 $34,910.66 $520.78 $0.00 $197.39 $35,628.83
59 $35,628.83 $520.78 $0.00 $201.45 $36,351.06
60 $36,351.06 $520.78 $0.00 $205.53 $37,077.37
61 $37,077.37 $520.78 $0.00 $209.64 $37,807.79
62 $37,807.79 $520.78 $0.00 $213.77 $38,542.34
63 $38,542.34 $520.78 $0.00 $217.92 $39,281.04
64 $39,281.04 $520.78 $0.00 $222.10 $40,023.92
65 $40,023.92 $520.78 $0.00 $226.30 $40,771.00
66 $40,771.00 $520.78 $0.00 $230.53 $41,522.31
67 $41,522.31 $520.78 $0.00 $234.77 $42,277.86
68 $42,277.86 $520.78 $0.00 $239.05 $43,037.69
69 $43,037.69 $520.78 $0.00 $243.34 $43,801.81
70 $43,801.81 $520.78 $0.00 $247.66 $44,570.25
71 $44,570.25 $520.78 $0.00 $252.01 $45,343.04
72 $45,343.04 $520.78 $0.00 $256.38 $46,120.20
73 $46,120.20 $520.78 $0.00 $260.77 $46,901.75
74 $46,901.75 $520.78 $0.00 $265.19 $47,687.72
75 $47,687.72 $520.78 $0.00 $269.63 $48,478.13
76 $48,478.13 $520.78 $0.00 $274.10 $49,273.01
77 $49,273.01 $520.78 $0.00 $278.60 $50,072.39
78 $50,072.39 $520.78 $0.00 $283.12 $50,876.29
79 $50,876.29 $520.78 $0.00 $287.66 $51,684.73
80 $51,684.73 $520.78 $0.00 $292.23 $52,497.74
81 $52,497.74 $520.78 $0.00 $296.83 $53,315.35
82 $53,315.35 $520.78 $0.00 $301.45 $54,137.58
83 $54,137.58 $520.78 $0.00 $306.10 $54,964.46
84 $54,964.46 $520.78 $0.00 $310.78 $55,796.02
85 $55,796.02 $520.78 $0.00 $315.48 $56,632.28
86 $56,632.28 $520.78 $0.00 $320.21 $57,473.27
87 $57,473.27 $520.78 $0.00 $324.96 $58,319.01
88 $58,319.01 $520.78 $0.00 $329.74 $59,169.53
89 $59,169.53 $520.78 $0.00 $334.55 $60,024.86
90 $60,024.86 $520.78 $0.00 $339.39 $60,885.03
91 $60,885.03 $520.78 $0.00 $344.25 $61,750.06
92 $61,750.06 $520.78 $0.00 $349.14 $62,619.98
93 $62,619.98 $520.78 $0.00 $354.06 $63,494.82
94 $63,494.82 $520.78 $0.00 $359.01 $64,374.61
95 $64,374.61 $520.78 $0.00 $363.98 $65,259.37
96 $65,259.37 $520.78 $0.00 $368.99 $66,149.14
97 $66,149.14 $520.78 $0.00 $374.02 $67,043.94
98 $67,043.94 $520.78 $0.00 $379.08 $67,943.80
99 $67,943.80 $520.78 $0.00 $384.16 $68,848.74
100 $68,848.74 $520.78 $0.00 $389.28 $69,758.80
101 $69,758.80 $520.78 $0.00 $394.43 $70,674.01
102 $70,674.01 $520.78 $0.00 $399.60 $71,594.39
103 $71,594.39 $520.78 $0.00 $404.81 $72,519.98
104 $72,519.98 $520.78 $0.00 $410.04 $73,450.80
105 $73,450.80 $520.78 $0.00 $415.30 $74,386.88
106 $74,386.88 $520.78 $0.00 $420.59 $75,328.25
107 $75,328.25 $520.78 $0.00 $425.92 $76,274.95
108 $76,274.95 $520.78 $0.00 $431.27 $77,227.00
109 $77,227.00 $520.78 $0.00 $436.65 $78,184.43
110 $78,184.43 $520.78 $0.00 $442.07 $79,147.28
111 $79,147.28 $520.78 $0.00 $447.51 $80,115.57
112 $80,115.57 $520.78 $0.00 $452.99 $81,089.34
113 $81,089.34 $520.78 $0.00 $458.49 $82,068.61
114 $82,068.61 $520.78 $0.00 $464.03 $83,053.42
115 $83,053.42 $520.78 $0.00 $469.60 $84,043.80
116 $84,043.80 $520.78 $0.00 $475.20 $85,039.78
117 $85,039.78 $520.78 $0.00 $480.83 $86,041.39
118 $86,041.39 $520.78 $0.00 $486.49 $87,048.66
119 $87,048.66 $520.78 $0.00 $492.19 $88,061.63
120 $88,061.63 $520.78 $0.00 $497.91 $89,080.32
121 $89,080.32 $520.78 $0.00 $503.67 $90,104.77
122 $90,104.77 $520.78 $0.00 $509.47 $91,135.02
123 $91,135.02 $520.78 $0.00 $515.29 $92,171.09
124 $92,171.09 $520.78 $0.00 $521.15 $93,213.02
125 $93,213.02 $520.78 $0.00 $527.04 $94,260.84
126 $94,260.84 $520.78 $0.00 $532.96 $95,314.58
127 $95,314.58 $520.78 $0.00 $538.92 $96,374.28
128 $96,374.28 $520.78 $0.00 $544.91 $97,439.97
129 $97,439.97 $520.78 $0.00 $550.94 $98,511.69
130 $98,511.69 $520.78 $0.00 $557.00 $99,589.47
131 $99,589.47 $520.78 $0.00 $563.09 $100,673.34
132 $100,673.34 $520.78 $0.00 $569.22 $101,763.34
133 $101,763.34 $520.78 $0.00 $575.38 $102,859.50
134 $102,859.50 $520.78 $0.00 $581.58 $103,961.86
135 $103,961.86 $520.78 $0.00 $587.82 $105,070.46
136 $105,070.46 $520.78 $0.00 $594.08 $106,185.32
137 $106,185.32 $520.78 $0.00 $600.39 $107,306.49
138 $107,306.49 $520.78 $0.00 $606.73 $108,434.00
139 $108,434.00 $520.78 $0.00 $613.10 $109,567.88
140 $109,567.88 $520.78 $0.00 $619.51 $110,708.17
141 $110,708.17 $520.78 $0.00 $625.96 $111,854.91
142 $111,854.91 $520.78 $0.00 $632.44 $113,008.13
143 $113,008.13 $520.78 $0.00 $638.96 $114,167.87
144 $114,167.87 $520.78 $0.00 $645.52 $115,334.17
145 $115,334.17 $520.78 $0.00 $652.12 $116,507.07
146 $116,507.07 $520.78 $0.00 $658.75 $117,686.60
147 $117,686.60 $520.78 $0.00 $665.42 $118,872.80
148 $118,872.80 $520.78 $0.00 $672.12 $120,065.70
149 $120,065.70 $520.78 $0.00 $678.87 $121,265.35
150 $121,265.35 $520.78 $0.00 $685.65 $122,471.78
151 $122,471.78 $520.78 $0.00 $692.47 $123,685.03
152 $123,685.03 $520.78 $0.00 $699.33 $124,905.14
153 $124,905.14 $520.78 $0.00 $706.23 $126,132.15
154 $126,132.15 $520.78 $0.00 $713.17 $127,366.10
155 $127,366.10 $520.78 $0.00 $720.15 $128,607.03
156 $128,607.03 $520.78 $0.00 $727.16 $129,854.97
157 $129,854.97 $520.78 $0.00 $734.22 $131,109.97
158 $131,109.97 $520.78 $0.00 $741.31 $132,372.06
159 $132,372.06 $520.78 $0.00 $748.45 $133,641.29
160 $133,641.29 $520.78 $0.00 $755.63 $134,917.70
161 $134,917.70 $520.78 $0.00 $762.84 $136,201.32
162 $136,201.32 $520.78 $0.00 $770.10 $137,492.20
163 $137,492.20 $520.78 $0.00 $777.40 $138,790.38
164 $138,790.38 $520.78 $0.00 $784.74 $140,095.90
165 $140,095.90 $520.78 $0.00 $792.12 $141,408.80
166 $141,408.80 $520.78 $0.00 $799.55 $142,729.13
167 $142,729.13 $520.78 $0.00 $807.01 $144,056.92
168 $144,056.92 $520.78 $0.00 $814.52 $145,392.22
169 $145,392.22 $520.78 $0.00 $822.07 $146,735.07
170 $146,735.07 $520.78 $0.00 $829.66 $148,085.51
171 $148,085.51 $520.78 $0.00 $837.30 $149,443.59
172 $149,443.59 $520.78 $0.00 $844.98 $150,809.35
173 $150,809.35 $520.78 $0.00 $852.70 $152,182.83
174 $152,182.83 $520.78 $0.00 $860.46 $153,564.07
175 $153,564.07 $520.78 $0.00 $868.27 $154,953.12
176 $154,953.12 $520.78 $0.00 $876.13 $156,350.03
177 $156,350.03 $520.78 $0.00 $884.03 $157,754.84
178 $157,754.84 $520.78 $0.00 $891.97 $159,167.59
179 $159,167.59 $520.78 $0.00 $899.96 $160,588.33
180 $160,588.33 $520.78 $0.00 $907.99 $162,017.10
181 $162,017.10 $520.78 $0.00 $916.07 $163,453.95
182 $163,453.95 $520.78 $0.00 $924.19 $164,898.92
183 $164,898.92 $520.78 $0.00 $932.36 $166,352.06
184 $166,352.06 $520.78 $0.00 $940.58 $167,813.42
185 $167,813.42 $520.78 $0.00 $948.84 $169,283.04
186 $169,283.04 $520.78 $0.00 $957.15 $170,760.97
187 $170,760.97 $520.78 $0.00 $965.51 $172,247.26
188 $172,247.26 $520.78 $0.00 $973.91 $173,741.95
189 $173,741.95 $520.78 $0.00 $982.36 $175,245.09
190 $175,245.09 $520.78 $0.00 $990.86 $176,756.73
191 $176,756.73 $520.78 $0.00 $999.41 $178,276.92
192 $178,276.92 $520.78 $0.00 $1,008.00 $179,805.70
193 $179,805.70 $520.78 $0.00 $1,016.65 $181,343.13
194 $181,343.13 $520.78 $0.00 $1,025.34 $182,889.25
195 $182,889.25 $520.78 $0.00 $1,034.08 $184,444.11
196 $184,444.11 $520.78 $0.00 $1,042.87 $186,007.76
197 $186,007.76 $520.78 $0.00 $1,051.71 $187,580.25
198 $187,580.25 $520.78 $0.00 $1,060.61 $189,161.64
199 $189,161.64 $520.78 $0.00 $1,069.55 $190,751.97
200 $190,751.97 $520.78 $0.00 $1,078.54 $192,351.29
201 $192,351.29 $520.78 $0.00 $1,087.58 $193,959.65
202 $193,959.65 $520.78 $0.00 $1,096.68 $195,577.11
203 $195,577.11 $520.78 $0.00 $1,105.82 $197,203.71
204 $197,203.71 $520.78 $0.00 $1,115.02 $198,839.51
205 $198,839.51 $520.78 $0.00 $1,124.27 $200,484.56
206 $200,484.56 $520.78 $0.00 $1,133.57 $202,138.91
207 $202,138.91 $520.78 $0.00 $1,142.92 $203,802.61
208 $203,802.61 $520.78 $0.00 $1,152.33 $205,475.72
209 $205,475.72 $520.78 $0.00 $1,161.79 $207,158.29
210 $207,158.29 $520.78 $0.00 $1,171.30 $208,850.37
211 $208,850.37 $520.78 $0.00 $1,180.87 $210,552.02
212 $210,552.02 $520.78 $0.00 $1,190.49 $212,263.29
213 $212,263.29 $520.78 $0.00 $1,200.17 $213,984.24
214 $213,984.24 $520.78 $0.00 $1,209.90 $215,714.92
215 $215,714.92 $520.78 $0.00 $1,219.68 $217,455.38
216 $217,455.38 $520.78 $0.00 $1,229.52 $219,205.68
217 $219,205.68 $520.78 $61,055.93 $1,239.42 $159,909.95
218 $159,909.95 $520.78 $0.00 $904.15 $161,334.88
219 $161,334.88 $520.78 $0.00 $912.21 $162,767.87
220 $162,767.87 $520.78 $0.00 $920.31 $164,208.96
221 $164,208.96 $520.78 $0.00 $928.46 $165,658.20
222 $165,658.20 $520.78 $0.00 $936.66 $167,115.64
223 $167,115.64 $520.78 $0.00 $944.90 $168,581.32
224 $168,581.32 $520.78 $0.00 $953.18 $170,055.28
225 $170,055.28 $520.78 $0.00 $961.52 $171,537.58
226 $171,537.58 $520.78 $0.00 $969.90 $173,028.26
227 $173,028.26 $520.78 $0.00 $978.33 $174,527.37
228 $174,527.37 $520.78 $0.00 $986.80 $176,034.95
229 $176,034.95 $520.78 $64,108.73 $995.33 $113,442.33
230 $113,442.33 $520.78 $0.00 $641.42 $114,604.53
231 $114,604.53 $520.78 $0.00 $647.99 $115,773.30
232 $115,773.30 $520.78 $0.00 $654.60 $116,948.68
233 $116,948.68 $520.78 $0.00 $661.24 $118,130.70
234 $118,130.70 $520.78 $0.00 $667.93 $119,319.41
235 $119,319.41 $520.78 $0.00 $674.65 $120,514.84
236 $120,514.84 $520.78 $0.00 $681.41 $121,717.03
237 $121,717.03 $520.78 $0.00 $688.21 $122,926.02
238 $122,926.02 $520.78 $0.00 $695.04 $124,141.84
239 $124,141.84 $520.78 $0.00 $701.92 $125,364.54
240 $125,364.54 $520.78 $0.00 $708.83 $126,594.15
241 $126,594.15 $520.78 $67,314.16 $715.78 $60,516.55
242 $60,516.55 $520.78 $0.00 $342.17 $61,379.50
243 $61,379.50 $520.78 $0.00 $347.05 $62,247.33
244 $62,247.33 $520.78 $0.00 $351.96 $63,120.07
245 $63,120.07 $520.78 $0.00 $356.89 $63,997.74
246 $63,997.74 $520.78 $0.00 $361.85 $64,880.37
247 $64,880.37 $520.78 $0.00 $366.84 $65,767.99
248 $65,767.99 $520.78 $0.00 $371.86 $66,660.63
249 $66,660.63 $520.78 $0.00 $376.91 $67,558.32
250 $67,558.32 $520.78 $0.00 $381.98 $68,461.08
251 $68,461.08 $520.78 $0.00 $387.09 $69,368.95
252 $69,368.95 $520.78 $0.00 $392.22 $70,281.95
253 $70,281.95 $0.00 $70,679.87 $397.38 ($0.54)