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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$127,778
Monthly savings required$1,011

How much will it cost to send your child to Green Mountain College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $511,110.81 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,011.47 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$49,274.00
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 $1,011.47 $0.00 $0.00 $1,011.47
2 $1,011.47 $1,011.47 $0.00 $5.72 $2,028.66
3 $2,028.66 $1,011.47 $0.00 $11.47 $3,051.60
4 $3,051.60 $1,011.47 $0.00 $17.25 $4,080.32
5 $4,080.32 $1,011.47 $0.00 $23.07 $5,114.86
6 $5,114.86 $1,011.47 $0.00 $28.92 $6,155.25
7 $6,155.25 $1,011.47 $0.00 $34.80 $7,201.52
8 $7,201.52 $1,011.47 $0.00 $40.72 $8,253.71
9 $8,253.71 $1,011.47 $0.00 $46.67 $9,311.85
10 $9,311.85 $1,011.47 $0.00 $52.65 $10,375.97
11 $10,375.97 $1,011.47 $0.00 $58.67 $11,446.11
12 $11,446.11 $1,011.47 $0.00 $64.72 $12,522.30
13 $12,522.30 $1,011.47 $0.00 $70.80 $13,604.57
14 $13,604.57 $1,011.47 $0.00 $76.92 $14,692.96
15 $14,692.96 $1,011.47 $0.00 $83.08 $15,787.51
16 $15,787.51 $1,011.47 $0.00 $89.26 $16,888.24
17 $16,888.24 $1,011.47 $0.00 $95.49 $17,995.20
18 $17,995.20 $1,011.47 $0.00 $101.75 $19,108.42
19 $19,108.42 $1,011.47 $0.00 $108.04 $20,227.93
20 $20,227.93 $1,011.47 $0.00 $114.37 $21,353.77
21 $21,353.77 $1,011.47 $0.00 $120.74 $22,485.98
22 $22,485.98 $1,011.47 $0.00 $127.14 $23,624.59
23 $23,624.59 $1,011.47 $0.00 $133.58 $24,769.64
24 $24,769.64 $1,011.47 $0.00 $140.05 $25,921.16
25 $25,921.16 $1,011.47 $0.00 $146.56 $27,079.19
26 $27,079.19 $1,011.47 $0.00 $153.11 $28,243.77
27 $28,243.77 $1,011.47 $0.00 $159.69 $29,414.93
28 $29,414.93 $1,011.47 $0.00 $166.32 $30,592.72
29 $30,592.72 $1,011.47 $0.00 $172.98 $31,777.17
30 $31,777.17 $1,011.47 $0.00 $179.67 $32,968.31
31 $32,968.31 $1,011.47 $0.00 $186.41 $34,166.19
32 $34,166.19 $1,011.47 $0.00 $193.18 $35,370.84
33 $35,370.84 $1,011.47 $0.00 $199.99 $36,582.30
34 $36,582.30 $1,011.47 $0.00 $206.84 $37,800.61
35 $37,800.61 $1,011.47 $0.00 $213.73 $39,025.81
36 $39,025.81 $1,011.47 $0.00 $220.66 $40,257.94
37 $40,257.94 $1,011.47 $0.00 $227.62 $41,497.03
38 $41,497.03 $1,011.47 $0.00 $234.63 $42,743.13
39 $42,743.13 $1,011.47 $0.00 $241.68 $43,996.28
40 $43,996.28 $1,011.47 $0.00 $248.76 $45,256.51
41 $45,256.51 $1,011.47 $0.00 $255.89 $46,523.87
42 $46,523.87 $1,011.47 $0.00 $263.05 $47,798.39
43 $47,798.39 $1,011.47 $0.00 $270.26 $49,080.12
44 $49,080.12 $1,011.47 $0.00 $277.51 $50,369.10
45 $50,369.10 $1,011.47 $0.00 $284.79 $51,665.36
46 $51,665.36 $1,011.47 $0.00 $292.12 $52,968.95
47 $52,968.95 $1,011.47 $0.00 $299.49 $54,279.91
48 $54,279.91 $1,011.47 $0.00 $306.91 $55,598.29
49 $55,598.29 $1,011.47 $0.00 $314.36 $56,924.12
50 $56,924.12 $1,011.47 $0.00 $321.86 $58,257.45
51 $58,257.45 $1,011.47 $0.00 $329.40 $59,598.32
52 $59,598.32 $1,011.47 $0.00 $336.98 $60,946.77
53 $60,946.77 $1,011.47 $0.00 $344.60 $62,302.84
54 $62,302.84 $1,011.47 $0.00 $352.27 $63,666.58
55 $63,666.58 $1,011.47 $0.00 $359.98 $65,038.03
56 $65,038.03 $1,011.47 $0.00 $367.73 $66,417.23
57 $66,417.23 $1,011.47 $0.00 $375.53 $67,804.23
58 $67,804.23 $1,011.47 $0.00 $383.37 $69,199.07
59 $69,199.07 $1,011.47 $0.00 $391.26 $70,601.80
60 $70,601.80 $1,011.47 $0.00 $399.19 $72,012.46
61 $72,012.46 $1,011.47 $0.00 $407.17 $73,431.10
62 $73,431.10 $1,011.47 $0.00 $415.19 $74,857.76
63 $74,857.76 $1,011.47 $0.00 $423.26 $76,292.49
64 $76,292.49 $1,011.47 $0.00 $431.37 $77,735.33
65 $77,735.33 $1,011.47 $0.00 $439.53 $79,186.33
66 $79,186.33 $1,011.47 $0.00 $447.73 $80,645.53
67 $80,645.53 $1,011.47 $0.00 $455.98 $82,112.98
68 $82,112.98 $1,011.47 $0.00 $464.28 $83,588.73
69 $83,588.73 $1,011.47 $0.00 $472.62 $85,072.82
70 $85,072.82 $1,011.47 $0.00 $481.01 $86,565.30
71 $86,565.30 $1,011.47 $0.00 $489.45 $88,066.22
72 $88,066.22 $1,011.47 $0.00 $497.94 $89,575.63
73 $89,575.63 $1,011.47 $0.00 $506.47 $91,093.57
74 $91,093.57 $1,011.47 $0.00 $515.06 $92,620.10
75 $92,620.10 $1,011.47 $0.00 $523.69 $94,155.26
76 $94,155.26 $1,011.47 $0.00 $532.37 $95,699.10
77 $95,699.10 $1,011.47 $0.00 $541.10 $97,251.67
78 $97,251.67 $1,011.47 $0.00 $549.88 $98,813.02
79 $98,813.02 $1,011.47 $0.00 $558.70 $100,383.19
80 $100,383.19 $1,011.47 $0.00 $567.58 $101,962.24
81 $101,962.24 $1,011.47 $0.00 $576.51 $103,550.22
82 $103,550.22 $1,011.47 $0.00 $585.49 $105,147.18
83 $105,147.18 $1,011.47 $0.00 $594.52 $106,753.17
84 $106,753.17 $1,011.47 $0.00 $603.60 $108,368.24
85 $108,368.24 $1,011.47 $0.00 $612.73 $109,992.44
86 $109,992.44 $1,011.47 $0.00 $621.91 $111,625.82
87 $111,625.82 $1,011.47 $0.00 $631.15 $113,268.44
88 $113,268.44 $1,011.47 $0.00 $640.44 $114,920.35
89 $114,920.35 $1,011.47 $0.00 $649.78 $116,581.60
90 $116,581.60 $1,011.47 $0.00 $659.17 $118,252.24
91 $118,252.24 $1,011.47 $0.00 $668.62 $119,932.33
92 $119,932.33 $1,011.47 $0.00 $678.11 $121,621.91
93 $121,621.91 $1,011.47 $0.00 $687.67 $123,321.05
94 $123,321.05 $1,011.47 $0.00 $697.28 $125,029.80
95 $125,029.80 $1,011.47 $0.00 $706.94 $126,748.21
96 $126,748.21 $1,011.47 $0.00 $716.65 $128,476.33
97 $128,476.33 $1,011.47 $0.00 $726.42 $130,214.22
98 $130,214.22 $1,011.47 $0.00 $736.25 $131,961.94
99 $131,961.94 $1,011.47 $0.00 $746.13 $133,719.54
100 $133,719.54 $1,011.47 $0.00 $756.07 $135,487.08
101 $135,487.08 $1,011.47 $0.00 $766.06 $137,264.61
102 $137,264.61 $1,011.47 $0.00 $776.11 $139,052.19
103 $139,052.19 $1,011.47 $0.00 $786.22 $140,849.88
104 $140,849.88 $1,011.47 $0.00 $796.39 $142,657.74
105 $142,657.74 $1,011.47 $0.00 $806.61 $144,475.82
106 $144,475.82 $1,011.47 $0.00 $816.89 $146,304.18
107 $146,304.18 $1,011.47 $0.00 $827.23 $148,142.88
108 $148,142.88 $1,011.47 $0.00 $837.62 $149,991.97
109 $149,991.97 $1,011.47 $0.00 $848.08 $151,851.52
110 $151,851.52 $1,011.47 $0.00 $858.59 $153,721.58
111 $153,721.58 $1,011.47 $0.00 $869.16 $155,602.21
112 $155,602.21 $1,011.47 $0.00 $879.80 $157,493.48
113 $157,493.48 $1,011.47 $0.00 $890.49 $159,395.44
114 $159,395.44 $1,011.47 $0.00 $901.24 $161,308.15
115 $161,308.15 $1,011.47 $0.00 $912.06 $163,231.68
116 $163,231.68 $1,011.47 $0.00 $922.94 $165,166.09
117 $165,166.09 $1,011.47 $0.00 $933.87 $167,111.43
118 $167,111.43 $1,011.47 $0.00 $944.87 $169,067.77
119 $169,067.77 $1,011.47 $0.00 $955.93 $171,035.17
120 $171,035.17 $1,011.47 $0.00 $967.06 $173,013.70
121 $173,013.70 $1,011.47 $0.00 $978.24 $175,003.41
122 $175,003.41 $1,011.47 $0.00 $989.49 $177,004.37
123 $177,004.37 $1,011.47 $0.00 $1,000.81 $179,016.65
124 $179,016.65 $1,011.47 $0.00 $1,012.19 $181,040.31
125 $181,040.31 $1,011.47 $0.00 $1,023.63 $183,075.41
126 $183,075.41 $1,011.47 $0.00 $1,035.13 $185,122.01
127 $185,122.01 $1,011.47 $0.00 $1,046.71 $187,180.19
128 $187,180.19 $1,011.47 $0.00 $1,058.34 $189,250.00
129 $189,250.00 $1,011.47 $0.00 $1,070.05 $191,331.52
130 $191,331.52 $1,011.47 $0.00 $1,081.82 $193,424.81
131 $193,424.81 $1,011.47 $0.00 $1,093.65 $195,529.93
132 $195,529.93 $1,011.47 $0.00 $1,105.55 $197,646.95
133 $197,646.95 $1,011.47 $0.00 $1,117.52 $199,775.94
134 $199,775.94 $1,011.47 $0.00 $1,129.56 $201,916.97
135 $201,916.97 $1,011.47 $0.00 $1,141.67 $204,070.11
136 $204,070.11 $1,011.47 $0.00 $1,153.84 $206,235.42
137 $206,235.42 $1,011.47 $0.00 $1,166.09 $208,412.98
138 $208,412.98 $1,011.47 $0.00 $1,178.40 $210,602.85
139 $210,602.85 $1,011.47 $0.00 $1,190.78 $212,805.10
140 $212,805.10 $1,011.47 $0.00 $1,203.23 $215,019.80
141 $215,019.80 $1,011.47 $0.00 $1,215.75 $217,247.02
142 $217,247.02 $1,011.47 $0.00 $1,228.35 $219,486.84
143 $219,486.84 $1,011.47 $0.00 $1,241.01 $221,739.32
144 $221,739.32 $1,011.47 $0.00 $1,253.75 $224,004.54
145 $224,004.54 $1,011.47 $0.00 $1,266.55 $226,282.56
146 $226,282.56 $1,011.47 $0.00 $1,279.43 $228,573.46
147 $228,573.46 $1,011.47 $0.00 $1,292.39 $230,877.32
148 $230,877.32 $1,011.47 $0.00 $1,305.41 $233,194.20
149 $233,194.20 $1,011.47 $0.00 $1,318.51 $235,524.18
150 $235,524.18 $1,011.47 $0.00 $1,331.69 $237,867.34
151 $237,867.34 $1,011.47 $0.00 $1,344.94 $240,223.75
152 $240,223.75 $1,011.47 $0.00 $1,358.26 $242,593.48
153 $242,593.48 $1,011.47 $0.00 $1,371.66 $244,976.61
154 $244,976.61 $1,011.47 $0.00 $1,385.13 $247,373.21
155 $247,373.21 $1,011.47 $0.00 $1,398.68 $249,783.36
156 $249,783.36 $1,011.47 $0.00 $1,412.31 $252,207.14
157 $252,207.14 $1,011.47 $0.00 $1,426.02 $254,644.63
158 $254,644.63 $1,011.47 $0.00 $1,439.80 $257,095.90
159 $257,095.90 $1,011.47 $0.00 $1,453.66 $259,561.03
160 $259,561.03 $1,011.47 $0.00 $1,467.60 $262,040.10
161 $262,040.10 $1,011.47 $0.00 $1,481.61 $264,533.18
162 $264,533.18 $1,011.47 $0.00 $1,495.71 $267,040.36
163 $267,040.36 $1,011.47 $0.00 $1,509.89 $269,561.72
164 $269,561.72 $1,011.47 $0.00 $1,524.14 $272,097.33
165 $272,097.33 $1,011.47 $0.00 $1,538.48 $274,647.28
166 $274,647.28 $1,011.47 $0.00 $1,552.90 $277,211.65
167 $277,211.65 $1,011.47 $0.00 $1,567.39 $279,790.51
168 $279,790.51 $1,011.47 $0.00 $1,581.98 $282,383.96
169 $282,383.96 $1,011.47 $0.00 $1,596.64 $284,992.07
170 $284,992.07 $1,011.47 $0.00 $1,611.39 $287,614.93
171 $287,614.93 $1,011.47 $0.00 $1,626.22 $290,252.62
172 $290,252.62 $1,011.47 $0.00 $1,641.13 $292,905.22
173 $292,905.22 $1,011.47 $0.00 $1,656.13 $295,572.82
174 $295,572.82 $1,011.47 $0.00 $1,671.21 $298,255.50
175 $298,255.50 $1,011.47 $0.00 $1,686.38 $300,953.35
176 $300,953.35 $1,011.47 $0.00 $1,701.63 $303,666.45
177 $303,666.45 $1,011.47 $0.00 $1,716.97 $306,394.89
178 $306,394.89 $1,011.47 $0.00 $1,732.40 $309,138.76
179 $309,138.76 $1,011.47 $0.00 $1,747.92 $311,898.15
180 $311,898.15 $1,011.47 $0.00 $1,763.52 $314,673.14
181 $314,673.14 $1,011.47 $0.00 $1,779.21 $317,463.82
182 $317,463.82 $1,011.47 $0.00 $1,794.99 $320,270.28
183 $320,270.28 $1,011.47 $0.00 $1,810.85 $323,092.60
184 $323,092.60 $1,011.47 $0.00 $1,826.81 $325,930.88
185 $325,930.88 $1,011.47 $0.00 $1,842.86 $328,785.21
186 $328,785.21 $1,011.47 $0.00 $1,859.00 $331,655.68
187 $331,655.68 $1,011.47 $0.00 $1,875.23 $334,542.38
188 $334,542.38 $1,011.47 $0.00 $1,891.55 $337,445.40
189 $337,445.40 $1,011.47 $0.00 $1,907.97 $340,364.84
190 $340,364.84 $1,011.47 $0.00 $1,924.47 $343,300.78
191 $343,300.78 $1,011.47 $0.00 $1,941.07 $346,253.32
192 $346,253.32 $1,011.47 $0.00 $1,957.77 $349,222.56
193 $349,222.56 $1,011.47 $0.00 $1,974.56 $352,208.59
194 $352,208.59 $1,011.47 $0.00 $1,991.44 $355,211.50
195 $355,211.50 $1,011.47 $0.00 $2,008.42 $358,231.39
196 $358,231.39 $1,011.47 $0.00 $2,025.49 $361,268.35
197 $361,268.35 $1,011.47 $0.00 $2,042.66 $364,322.48
198 $364,322.48 $1,011.47 $0.00 $2,059.93 $367,393.88
199 $367,393.88 $1,011.47 $0.00 $2,077.30 $370,482.65
200 $370,482.65 $1,011.47 $0.00 $2,094.76 $373,588.88
201 $373,588.88 $1,011.47 $0.00 $2,112.33 $376,712.68
202 $376,712.68 $1,011.47 $0.00 $2,129.99 $379,854.14
203 $379,854.14 $1,011.47 $0.00 $2,147.75 $383,013.36
204 $383,013.36 $1,011.47 $0.00 $2,165.61 $386,190.44
205 $386,190.44 $1,011.47 $0.00 $2,183.58 $389,385.49
206 $389,385.49 $1,011.47 $0.00 $2,201.64 $392,598.60
207 $392,598.60 $1,011.47 $0.00 $2,219.81 $395,829.88
208 $395,829.88 $1,011.47 $0.00 $2,238.08 $399,079.43
209 $399,079.43 $1,011.47 $0.00 $2,256.45 $402,347.35
210 $402,347.35 $1,011.47 $0.00 $2,274.93 $405,633.75
211 $405,633.75 $1,011.47 $0.00 $2,293.51 $408,938.73
212 $408,938.73 $1,011.47 $0.00 $2,312.20 $412,262.40
213 $412,262.40 $1,011.47 $0.00 $2,330.99 $415,604.86
214 $415,604.86 $1,011.47 $0.00 $2,349.89 $418,966.22
215 $418,966.22 $1,011.47 $0.00 $2,368.90 $422,346.59
216 $422,346.59 $1,011.47 $0.00 $2,388.01 $425,746.07
217 $425,746.07 $1,011.47 $118,583.76 $2,407.23 $310,581.01
218 $310,581.01 $1,011.47 $0.00 $1,756.07 $313,348.55
219 $313,348.55 $1,011.47 $0.00 $1,771.72 $316,131.74
220 $316,131.74 $1,011.47 $0.00 $1,787.45 $318,930.66
221 $318,930.66 $1,011.47 $0.00 $1,803.28 $321,745.41
222 $321,745.41 $1,011.47 $0.00 $1,819.20 $324,576.08
223 $324,576.08 $1,011.47 $0.00 $1,835.20 $327,422.75
224 $327,422.75 $1,011.47 $0.00 $1,851.30 $330,285.52
225 $330,285.52 $1,011.47 $0.00 $1,867.48 $333,164.47
226 $333,164.47 $1,011.47 $0.00 $1,883.76 $336,059.70
227 $336,059.70 $1,011.47 $0.00 $1,900.13 $338,971.30
228 $338,971.30 $1,011.47 $0.00 $1,916.59 $341,899.36
229 $341,899.36 $1,011.47 $124,512.94 $1,933.15 $220,331.04
230 $220,331.04 $1,011.47 $0.00 $1,245.78 $222,588.29
231 $222,588.29 $1,011.47 $0.00 $1,258.55 $224,858.31
232 $224,858.31 $1,011.47 $0.00 $1,271.38 $227,141.16
233 $227,141.16 $1,011.47 $0.00 $1,284.29 $229,436.92
234 $229,436.92 $1,011.47 $0.00 $1,297.27 $231,745.66
235 $231,745.66 $1,011.47 $0.00 $1,310.32 $234,067.45
236 $234,067.45 $1,011.47 $0.00 $1,323.45 $236,402.37
237 $236,402.37 $1,011.47 $0.00 $1,336.65 $238,750.49
238 $238,750.49 $1,011.47 $0.00 $1,349.93 $241,111.89
239 $241,111.89 $1,011.47 $0.00 $1,363.28 $243,486.64
240 $243,486.64 $1,011.47 $0.00 $1,376.71 $245,874.82
241 $245,874.82 $1,011.47 $130,738.59 $1,390.21 $117,537.91
242 $117,537.91 $1,011.47 $0.00 $664.58 $119,213.96
243 $119,213.96 $1,011.47 $0.00 $674.05 $120,899.48
244 $120,899.48 $1,011.47 $0.00 $683.58 $122,594.53
245 $122,594.53 $1,011.47 $0.00 $693.17 $124,299.17
246 $124,299.17 $1,011.47 $0.00 $702.81 $126,013.45
247 $126,013.45 $1,011.47 $0.00 $712.50 $127,737.42
248 $127,737.42 $1,011.47 $0.00 $722.25 $129,471.14
249 $129,471.14 $1,011.47 $0.00 $732.05 $131,214.66
250 $131,214.66 $1,011.47 $0.00 $741.91 $132,968.04
251 $132,968.04 $1,011.47 $0.00 $751.82 $134,731.33
252 $134,731.33 $1,011.47 $0.00 $761.79 $136,504.59
253 $136,504.59 $0.00 $137,275.52 $771.82 $0.89