Savings Plan and Future Cost Estimation for Emory and Henry College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$199,045
Monthly savings required$1,573

How much will it cost to send your child to Emory and Henry College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $796,180.82 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,573.11 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$53,055.00
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 $1,573.11 $0.00 $0.00 $1,573.11
2 $1,573.11 $1,573.11 $0.00 $8.89 $3,155.11
3 $3,155.11 $1,573.11 $0.00 $17.84 $4,746.06
4 $4,746.06 $1,573.11 $0.00 $26.83 $6,346.00
5 $6,346.00 $1,573.11 $0.00 $35.88 $7,954.99
6 $7,954.99 $1,573.11 $0.00 $44.98 $9,573.08
7 $9,573.08 $1,573.11 $0.00 $54.13 $11,200.32
8 $11,200.32 $1,573.11 $0.00 $63.33 $12,836.76
9 $12,836.76 $1,573.11 $0.00 $72.58 $14,482.45
10 $14,482.45 $1,573.11 $0.00 $81.89 $16,137.45
11 $16,137.45 $1,573.11 $0.00 $91.24 $17,801.80
12 $17,801.80 $1,573.11 $0.00 $100.65 $19,475.56
13 $19,475.56 $1,573.11 $0.00 $110.12 $21,158.79
14 $21,158.79 $1,573.11 $0.00 $119.63 $22,851.53
15 $22,851.53 $1,573.11 $0.00 $129.21 $24,553.85
16 $24,553.85 $1,573.11 $0.00 $138.83 $26,265.79
17 $26,265.79 $1,573.11 $0.00 $148.51 $27,987.41
18 $27,987.41 $1,573.11 $0.00 $158.24 $29,718.76
19 $29,718.76 $1,573.11 $0.00 $168.03 $31,459.90
20 $31,459.90 $1,573.11 $0.00 $177.88 $33,210.89
21 $33,210.89 $1,573.11 $0.00 $187.78 $34,971.78
22 $34,971.78 $1,573.11 $0.00 $197.74 $36,742.63
23 $36,742.63 $1,573.11 $0.00 $207.75 $38,523.49
24 $38,523.49 $1,573.11 $0.00 $217.82 $40,314.42
25 $40,314.42 $1,573.11 $0.00 $227.94 $42,115.47
26 $42,115.47 $1,573.11 $0.00 $238.13 $43,926.71
27 $43,926.71 $1,573.11 $0.00 $248.37 $45,748.19
28 $45,748.19 $1,573.11 $0.00 $258.67 $47,579.97
29 $47,579.97 $1,573.11 $0.00 $269.02 $49,422.10
30 $49,422.10 $1,573.11 $0.00 $279.44 $51,274.65
31 $51,274.65 $1,573.11 $0.00 $289.91 $53,137.67
32 $53,137.67 $1,573.11 $0.00 $300.45 $55,011.23
33 $55,011.23 $1,573.11 $0.00 $311.04 $56,895.38
34 $56,895.38 $1,573.11 $0.00 $321.69 $58,790.18
35 $58,790.18 $1,573.11 $0.00 $332.41 $60,695.70
36 $60,695.70 $1,573.11 $0.00 $343.18 $62,611.99
37 $62,611.99 $1,573.11 $0.00 $354.02 $64,539.12
38 $64,539.12 $1,573.11 $0.00 $364.91 $66,477.14
39 $66,477.14 $1,573.11 $0.00 $375.87 $68,426.12
40 $68,426.12 $1,573.11 $0.00 $386.89 $70,386.12
41 $70,386.12 $1,573.11 $0.00 $397.97 $72,357.20
42 $72,357.20 $1,573.11 $0.00 $409.12 $74,339.43
43 $74,339.43 $1,573.11 $0.00 $420.33 $76,332.87
44 $76,332.87 $1,573.11 $0.00 $431.60 $78,337.58
45 $78,337.58 $1,573.11 $0.00 $442.93 $80,353.62
46 $80,353.62 $1,573.11 $0.00 $454.33 $82,381.06
47 $82,381.06 $1,573.11 $0.00 $465.79 $84,419.96
48 $84,419.96 $1,573.11 $0.00 $477.32 $86,470.39
49 $86,470.39 $1,573.11 $0.00 $488.92 $88,532.42
50 $88,532.42 $1,573.11 $0.00 $500.58 $90,606.11
51 $90,606.11 $1,573.11 $0.00 $512.30 $92,691.52
52 $92,691.52 $1,573.11 $0.00 $524.09 $94,788.72
53 $94,788.72 $1,573.11 $0.00 $535.95 $96,897.78
54 $96,897.78 $1,573.11 $0.00 $547.87 $99,018.76
55 $99,018.76 $1,573.11 $0.00 $559.87 $101,151.74
56 $101,151.74 $1,573.11 $0.00 $571.93 $103,296.78
57 $103,296.78 $1,573.11 $0.00 $584.06 $105,453.95
58 $105,453.95 $1,573.11 $0.00 $596.25 $107,623.31
59 $107,623.31 $1,573.11 $0.00 $608.52 $109,804.94
60 $109,804.94 $1,573.11 $0.00 $620.85 $111,998.90
61 $111,998.90 $1,573.11 $0.00 $633.26 $114,205.27
62 $114,205.27 $1,573.11 $0.00 $645.73 $116,424.11
63 $116,424.11 $1,573.11 $0.00 $658.28 $118,655.50
64 $118,655.50 $1,573.11 $0.00 $670.90 $120,899.51
65 $120,899.51 $1,573.11 $0.00 $683.58 $123,156.20
66 $123,156.20 $1,573.11 $0.00 $696.34 $125,425.65
67 $125,425.65 $1,573.11 $0.00 $709.17 $127,707.93
68 $127,707.93 $1,573.11 $0.00 $722.08 $130,003.12
69 $130,003.12 $1,573.11 $0.00 $735.06 $132,311.29
70 $132,311.29 $1,573.11 $0.00 $748.11 $134,632.51
71 $134,632.51 $1,573.11 $0.00 $761.23 $136,966.85
72 $136,966.85 $1,573.11 $0.00 $774.43 $139,314.39
73 $139,314.39 $1,573.11 $0.00 $787.70 $141,675.20
74 $141,675.20 $1,573.11 $0.00 $801.05 $144,049.36
75 $144,049.36 $1,573.11 $0.00 $814.48 $146,436.95
76 $146,436.95 $1,573.11 $0.00 $827.98 $148,838.04
77 $148,838.04 $1,573.11 $0.00 $841.55 $151,252.70
78 $151,252.70 $1,573.11 $0.00 $855.20 $153,681.01
79 $153,681.01 $1,573.11 $0.00 $868.93 $156,123.05
80 $156,123.05 $1,573.11 $0.00 $882.74 $158,578.90
81 $158,578.90 $1,573.11 $0.00 $896.63 $161,048.64
82 $161,048.64 $1,573.11 $0.00 $910.59 $163,532.34
83 $163,532.34 $1,573.11 $0.00 $924.64 $166,030.09
84 $166,030.09 $1,573.11 $0.00 $938.76 $168,541.96
85 $168,541.96 $1,573.11 $0.00 $952.96 $171,068.03
86 $171,068.03 $1,573.11 $0.00 $967.24 $173,608.38
87 $173,608.38 $1,573.11 $0.00 $981.61 $176,163.10
88 $176,163.10 $1,573.11 $0.00 $996.05 $178,732.26
89 $178,732.26 $1,573.11 $0.00 $1,010.58 $181,315.95
90 $181,315.95 $1,573.11 $0.00 $1,025.19 $183,914.25
91 $183,914.25 $1,573.11 $0.00 $1,039.88 $186,527.24
92 $186,527.24 $1,573.11 $0.00 $1,054.65 $189,155.00
93 $189,155.00 $1,573.11 $0.00 $1,069.51 $191,797.62
94 $191,797.62 $1,573.11 $0.00 $1,084.45 $194,455.18
95 $194,455.18 $1,573.11 $0.00 $1,099.48 $197,127.77
96 $197,127.77 $1,573.11 $0.00 $1,114.59 $199,815.47
97 $199,815.47 $1,573.11 $0.00 $1,129.79 $202,518.37
98 $202,518.37 $1,573.11 $0.00 $1,145.07 $205,236.55
99 $205,236.55 $1,573.11 $0.00 $1,160.44 $207,970.10
100 $207,970.10 $1,573.11 $0.00 $1,175.89 $210,719.10
101 $210,719.10 $1,573.11 $0.00 $1,191.44 $213,483.65
102 $213,483.65 $1,573.11 $0.00 $1,207.07 $216,263.83
103 $216,263.83 $1,573.11 $0.00 $1,222.79 $219,059.73
104 $219,059.73 $1,573.11 $0.00 $1,238.60 $221,871.44
105 $221,871.44 $1,573.11 $0.00 $1,254.49 $224,699.04
106 $224,699.04 $1,573.11 $0.00 $1,270.48 $227,542.63
107 $227,542.63 $1,573.11 $0.00 $1,286.56 $230,402.30
108 $230,402.30 $1,573.11 $0.00 $1,302.73 $233,278.14
109 $233,278.14 $1,573.11 $0.00 $1,318.99 $236,170.24
110 $236,170.24 $1,573.11 $0.00 $1,335.34 $239,078.69
111 $239,078.69 $1,573.11 $0.00 $1,351.79 $242,003.59
112 $242,003.59 $1,573.11 $0.00 $1,368.32 $244,945.02
113 $244,945.02 $1,573.11 $0.00 $1,384.95 $247,903.08
114 $247,903.08 $1,573.11 $0.00 $1,401.68 $250,877.87
115 $250,877.87 $1,573.11 $0.00 $1,418.50 $253,869.48
116 $253,869.48 $1,573.11 $0.00 $1,435.41 $256,878.00
117 $256,878.00 $1,573.11 $0.00 $1,452.43 $259,903.54
118 $259,903.54 $1,573.11 $0.00 $1,469.53 $262,946.18
119 $262,946.18 $1,573.11 $0.00 $1,486.74 $266,006.03
120 $266,006.03 $1,573.11 $0.00 $1,504.04 $269,083.18
121 $269,083.18 $1,573.11 $0.00 $1,521.44 $272,177.73
122 $272,177.73 $1,573.11 $0.00 $1,538.93 $275,289.77
123 $275,289.77 $1,573.11 $0.00 $1,556.53 $278,419.41
124 $278,419.41 $1,573.11 $0.00 $1,574.22 $281,566.74
125 $281,566.74 $1,573.11 $0.00 $1,592.02 $284,731.87
126 $284,731.87 $1,573.11 $0.00 $1,609.92 $287,914.90
127 $287,914.90 $1,573.11 $0.00 $1,627.91 $291,115.92
128 $291,115.92 $1,573.11 $0.00 $1,646.01 $294,335.04
129 $294,335.04 $1,573.11 $0.00 $1,664.21 $297,572.36
130 $297,572.36 $1,573.11 $0.00 $1,682.52 $300,827.99
131 $300,827.99 $1,573.11 $0.00 $1,700.93 $304,102.03
132 $304,102.03 $1,573.11 $0.00 $1,719.44 $307,394.58
133 $307,394.58 $1,573.11 $0.00 $1,738.05 $310,705.74
134 $310,705.74 $1,573.11 $0.00 $1,756.78 $314,035.63
135 $314,035.63 $1,573.11 $0.00 $1,775.60 $317,384.34
136 $317,384.34 $1,573.11 $0.00 $1,794.54 $320,751.99
137 $320,751.99 $1,573.11 $0.00 $1,813.58 $324,138.68
138 $324,138.68 $1,573.11 $0.00 $1,832.73 $327,544.52
139 $327,544.52 $1,573.11 $0.00 $1,851.98 $330,969.61
140 $330,969.61 $1,573.11 $0.00 $1,871.35 $334,414.07
141 $334,414.07 $1,573.11 $0.00 $1,890.83 $337,878.01
142 $337,878.01 $1,573.11 $0.00 $1,910.41 $341,361.53
143 $341,361.53 $1,573.11 $0.00 $1,930.11 $344,864.75
144 $344,864.75 $1,573.11 $0.00 $1,949.92 $348,387.78
145 $348,387.78 $1,573.11 $0.00 $1,969.84 $351,930.73
146 $351,930.73 $1,573.11 $0.00 $1,989.87 $355,493.71
147 $355,493.71 $1,573.11 $0.00 $2,010.01 $359,076.83
148 $359,076.83 $1,573.11 $0.00 $2,030.27 $362,680.21
149 $362,680.21 $1,573.11 $0.00 $2,050.65 $366,303.97
150 $366,303.97 $1,573.11 $0.00 $2,071.14 $369,948.22
151 $369,948.22 $1,573.11 $0.00 $2,091.74 $373,613.07
152 $373,613.07 $1,573.11 $0.00 $2,112.46 $377,298.64
153 $377,298.64 $1,573.11 $0.00 $2,133.30 $381,005.05
154 $381,005.05 $1,573.11 $0.00 $2,154.26 $384,732.42
155 $384,732.42 $1,573.11 $0.00 $2,175.33 $388,480.86
156 $388,480.86 $1,573.11 $0.00 $2,196.53 $392,250.50
157 $392,250.50 $1,573.11 $0.00 $2,217.84 $396,041.45
158 $396,041.45 $1,573.11 $0.00 $2,239.28 $399,853.84
159 $399,853.84 $1,573.11 $0.00 $2,260.83 $403,687.78
160 $403,687.78 $1,573.11 $0.00 $2,282.51 $407,543.40
161 $407,543.40 $1,573.11 $0.00 $2,304.31 $411,420.82
162 $411,420.82 $1,573.11 $0.00 $2,326.23 $415,320.16
163 $415,320.16 $1,573.11 $0.00 $2,348.28 $419,241.55
164 $419,241.55 $1,573.11 $0.00 $2,370.45 $423,185.11
165 $423,185.11 $1,573.11 $0.00 $2,392.75 $427,150.97
166 $427,150.97 $1,573.11 $0.00 $2,415.17 $431,139.25
167 $431,139.25 $1,573.11 $0.00 $2,437.72 $435,150.08
168 $435,150.08 $1,573.11 $0.00 $2,460.40 $439,183.59
169 $439,183.59 $1,573.11 $0.00 $2,483.21 $443,239.91
170 $443,239.91 $1,573.11 $0.00 $2,506.14 $447,319.16
171 $447,319.16 $1,573.11 $0.00 $2,529.21 $451,421.48
172 $451,421.48 $1,573.11 $0.00 $2,552.40 $455,546.99
173 $455,546.99 $1,573.11 $0.00 $2,575.73 $459,695.83
174 $459,695.83 $1,573.11 $0.00 $2,599.19 $463,868.13
175 $463,868.13 $1,573.11 $0.00 $2,622.78 $468,064.02
176 $468,064.02 $1,573.11 $0.00 $2,646.50 $472,283.63
177 $472,283.63 $1,573.11 $0.00 $2,670.36 $476,527.10
178 $476,527.10 $1,573.11 $0.00 $2,694.35 $480,794.56
179 $480,794.56 $1,573.11 $0.00 $2,718.48 $485,086.15
180 $485,086.15 $1,573.11 $0.00 $2,742.75 $489,402.01
181 $489,402.01 $1,573.11 $0.00 $2,767.15 $493,742.27
182 $493,742.27 $1,573.11 $0.00 $2,791.69 $498,107.07
183 $498,107.07 $1,573.11 $0.00 $2,816.37 $502,496.55
184 $502,496.55 $1,573.11 $0.00 $2,841.19 $506,910.85
185 $506,910.85 $1,573.11 $0.00 $2,866.15 $511,350.11
186 $511,350.11 $1,573.11 $0.00 $2,891.25 $515,814.47
187 $515,814.47 $1,573.11 $0.00 $2,916.49 $520,304.07
188 $520,304.07 $1,573.11 $0.00 $2,941.87 $524,819.05
189 $524,819.05 $1,573.11 $0.00 $2,967.40 $529,359.56
190 $529,359.56 $1,573.11 $0.00 $2,993.08 $533,925.75
191 $533,925.75 $1,573.11 $0.00 $3,018.89 $538,517.75
192 $538,517.75 $1,573.11 $0.00 $3,044.86 $543,135.72
193 $543,135.72 $1,573.11 $0.00 $3,070.97 $547,779.80
194 $547,779.80 $1,573.11 $0.00 $3,097.23 $552,450.14
195 $552,450.14 $1,573.11 $0.00 $3,123.63 $557,146.88
196 $557,146.88 $1,573.11 $0.00 $3,150.19 $561,870.18
197 $561,870.18 $1,573.11 $0.00 $3,176.90 $566,620.19
198 $566,620.19 $1,573.11 $0.00 $3,203.75 $571,397.05
199 $571,397.05 $1,573.11 $0.00 $3,230.76 $576,200.92
200 $576,200.92 $1,573.11 $0.00 $3,257.92 $581,031.95
201 $581,031.95 $1,573.11 $0.00 $3,285.24 $585,890.30
202 $585,890.30 $1,573.11 $0.00 $3,312.71 $590,776.12
203 $590,776.12 $1,573.11 $0.00 $3,340.33 $595,689.56
204 $595,689.56 $1,573.11 $0.00 $3,368.12 $600,630.79
205 $600,630.79 $1,573.11 $0.00 $3,396.05 $605,599.95
206 $605,599.95 $1,573.11 $0.00 $3,424.15 $610,597.21
207 $610,597.21 $1,573.11 $0.00 $3,452.41 $615,622.73
208 $615,622.73 $1,573.11 $0.00 $3,480.82 $620,676.66
209 $620,676.66 $1,573.11 $0.00 $3,509.40 $625,759.17
210 $625,759.17 $1,573.11 $0.00 $3,538.13 $630,870.41
211 $630,870.41 $1,573.11 $0.00 $3,567.03 $636,010.55
212 $636,010.55 $1,573.11 $0.00 $3,596.10 $641,179.76
213 $641,179.76 $1,573.11 $0.00 $3,625.32 $646,378.19
214 $646,378.19 $1,573.11 $0.00 $3,654.72 $651,606.02
215 $651,606.02 $1,573.11 $0.00 $3,684.28 $656,863.41
216 $656,863.41 $1,573.11 $0.00 $3,714.00 $662,150.52
217 $662,150.52 $1,573.11 $179,322.31 $3,743.90 $488,145.22
218 $488,145.22 $1,573.11 $0.00 $2,760.04 $492,478.37
219 $492,478.37 $1,573.11 $0.00 $2,784.54 $496,836.02
220 $496,836.02 $1,573.11 $0.00 $2,809.18 $501,218.31
221 $501,218.31 $1,573.11 $0.00 $2,833.96 $505,625.38
222 $505,625.38 $1,573.11 $0.00 $2,858.88 $510,057.37
223 $510,057.37 $1,573.11 $0.00 $2,883.94 $514,514.42
224 $514,514.42 $1,573.11 $0.00 $2,909.14 $518,996.67
225 $518,996.67 $1,573.11 $0.00 $2,934.48 $523,504.26
226 $523,504.26 $1,573.11 $0.00 $2,959.97 $528,037.34
227 $528,037.34 $1,573.11 $0.00 $2,985.60 $532,596.05
228 $532,596.05 $1,573.11 $0.00 $3,011.38 $537,180.54
229 $537,180.54 $1,573.11 $191,874.87 $3,037.30 $349,916.08
230 $349,916.08 $1,573.11 $0.00 $1,978.48 $353,467.67
231 $353,467.67 $1,573.11 $0.00 $1,998.56 $357,039.34
232 $357,039.34 $1,573.11 $0.00 $2,018.75 $360,631.20
233 $360,631.20 $1,573.11 $0.00 $2,039.06 $364,243.37
234 $364,243.37 $1,573.11 $0.00 $2,059.48 $367,875.96
235 $367,875.96 $1,573.11 $0.00 $2,080.02 $371,529.09
236 $371,529.09 $1,573.11 $0.00 $2,100.68 $375,202.88
237 $375,202.88 $1,573.11 $0.00 $2,121.45 $378,897.44
238 $378,897.44 $1,573.11 $0.00 $2,142.34 $382,612.89
239 $382,612.89 $1,573.11 $0.00 $2,163.35 $386,349.35
240 $386,349.35 $1,573.11 $0.00 $2,184.48 $390,106.94
241 $390,106.94 $1,573.11 $205,306.11 $2,205.72 $188,579.66
242 $188,579.66 $1,573.11 $0.00 $1,066.26 $191,219.03
243 $191,219.03 $1,573.11 $0.00 $1,081.18 $193,873.32
244 $193,873.32 $1,573.11 $0.00 $1,096.19 $196,542.62
245 $196,542.62 $1,573.11 $0.00 $1,111.28 $199,227.01
246 $199,227.01 $1,573.11 $0.00 $1,126.46 $201,926.58
247 $201,926.58 $1,573.11 $0.00 $1,141.72 $204,641.41
248 $204,641.41 $1,573.11 $0.00 $1,157.07 $207,371.59
249 $207,371.59 $1,573.11 $0.00 $1,172.51 $210,117.21
250 $210,117.21 $1,573.11 $0.00 $1,188.03 $212,878.35
251 $212,878.35 $1,573.11 $0.00 $1,203.65 $215,655.11
252 $215,655.11 $1,573.11 $0.00 $1,219.35 $218,447.57
253 $218,447.57 $0.00 $219,677.54 $1,235.13 $5.16