Savings Plan and Future Cost Estimation for Davis & Elkins College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$170,165
Monthly savings required$1,345

How much will it cost to send your child to Davis & Elkins College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $680,659.19 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,344.85 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$45,357.00
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 $1,344.85 $0.00 $0.00 $1,344.85
2 $1,344.85 $1,344.85 $0.00 $7.60 $2,697.30
3 $2,697.30 $1,344.85 $0.00 $15.25 $4,057.40
4 $4,057.40 $1,344.85 $0.00 $22.94 $5,425.19
5 $5,425.19 $1,344.85 $0.00 $30.67 $6,800.71
6 $6,800.71 $1,344.85 $0.00 $38.45 $8,184.01
7 $8,184.01 $1,344.85 $0.00 $46.27 $9,575.13
8 $9,575.13 $1,344.85 $0.00 $54.14 $10,974.12
9 $10,974.12 $1,344.85 $0.00 $62.05 $12,381.02
10 $12,381.02 $1,344.85 $0.00 $70.00 $13,795.87
11 $13,795.87 $1,344.85 $0.00 $78.00 $15,218.72
12 $15,218.72 $1,344.85 $0.00 $86.05 $16,649.62
13 $16,649.62 $1,344.85 $0.00 $94.14 $18,088.61
14 $18,088.61 $1,344.85 $0.00 $102.28 $19,535.74
15 $19,535.74 $1,344.85 $0.00 $110.46 $20,991.05
16 $20,991.05 $1,344.85 $0.00 $118.69 $22,454.59
17 $22,454.59 $1,344.85 $0.00 $126.96 $23,926.40
18 $23,926.40 $1,344.85 $0.00 $135.28 $25,406.53
19 $25,406.53 $1,344.85 $0.00 $143.65 $26,895.03
20 $26,895.03 $1,344.85 $0.00 $152.07 $28,391.95
21 $28,391.95 $1,344.85 $0.00 $160.53 $29,897.33
22 $29,897.33 $1,344.85 $0.00 $169.04 $31,411.22
23 $31,411.22 $1,344.85 $0.00 $177.60 $32,933.67
24 $32,933.67 $1,344.85 $0.00 $186.21 $34,464.73
25 $34,464.73 $1,344.85 $0.00 $194.87 $36,004.45
26 $36,004.45 $1,344.85 $0.00 $203.57 $37,552.87
27 $37,552.87 $1,344.85 $0.00 $212.33 $39,110.05
28 $39,110.05 $1,344.85 $0.00 $221.13 $40,676.03
29 $40,676.03 $1,344.85 $0.00 $229.99 $42,250.87
30 $42,250.87 $1,344.85 $0.00 $238.89 $43,834.61
31 $43,834.61 $1,344.85 $0.00 $247.85 $45,427.31
32 $45,427.31 $1,344.85 $0.00 $256.85 $47,029.01
33 $47,029.01 $1,344.85 $0.00 $265.91 $48,639.77
34 $48,639.77 $1,344.85 $0.00 $275.02 $50,259.64
35 $50,259.64 $1,344.85 $0.00 $284.18 $51,888.67
36 $51,888.67 $1,344.85 $0.00 $293.39 $53,526.91
37 $53,526.91 $1,344.85 $0.00 $302.65 $55,174.41
38 $55,174.41 $1,344.85 $0.00 $311.96 $56,831.22
39 $56,831.22 $1,344.85 $0.00 $321.33 $58,497.40
40 $58,497.40 $1,344.85 $0.00 $330.75 $60,173.00
41 $60,173.00 $1,344.85 $0.00 $340.23 $61,858.08
42 $61,858.08 $1,344.85 $0.00 $349.75 $63,552.68
43 $63,552.68 $1,344.85 $0.00 $359.34 $65,256.87
44 $65,256.87 $1,344.85 $0.00 $368.97 $66,970.69
45 $66,970.69 $1,344.85 $0.00 $378.66 $68,694.20
46 $68,694.20 $1,344.85 $0.00 $388.41 $70,427.46
47 $70,427.46 $1,344.85 $0.00 $398.21 $72,170.52
48 $72,170.52 $1,344.85 $0.00 $408.06 $73,923.43
49 $73,923.43 $1,344.85 $0.00 $417.97 $75,686.25
50 $75,686.25 $1,344.85 $0.00 $427.94 $77,459.04
51 $77,459.04 $1,344.85 $0.00 $437.96 $79,241.85
52 $79,241.85 $1,344.85 $0.00 $448.04 $81,034.74
53 $81,034.74 $1,344.85 $0.00 $458.18 $82,837.77
54 $82,837.77 $1,344.85 $0.00 $468.38 $84,651.00
55 $84,651.00 $1,344.85 $0.00 $478.63 $86,474.48
56 $86,474.48 $1,344.85 $0.00 $488.94 $88,308.27
57 $88,308.27 $1,344.85 $0.00 $499.31 $90,152.43
58 $90,152.43 $1,344.85 $0.00 $509.73 $92,007.01
59 $92,007.01 $1,344.85 $0.00 $520.22 $93,872.08
60 $93,872.08 $1,344.85 $0.00 $530.77 $95,747.70
61 $95,747.70 $1,344.85 $0.00 $541.37 $97,633.92
62 $97,633.92 $1,344.85 $0.00 $552.04 $99,530.81
63 $99,530.81 $1,344.85 $0.00 $562.76 $101,438.42
64 $101,438.42 $1,344.85 $0.00 $573.55 $103,356.82
65 $103,356.82 $1,344.85 $0.00 $584.39 $105,286.06
66 $105,286.06 $1,344.85 $0.00 $595.30 $107,226.21
67 $107,226.21 $1,344.85 $0.00 $606.27 $109,177.33
68 $109,177.33 $1,344.85 $0.00 $617.30 $111,139.48
69 $111,139.48 $1,344.85 $0.00 $628.40 $113,112.73
70 $113,112.73 $1,344.85 $0.00 $639.56 $115,097.14
71 $115,097.14 $1,344.85 $0.00 $650.78 $117,092.77
72 $117,092.77 $1,344.85 $0.00 $662.06 $119,099.68
73 $119,099.68 $1,344.85 $0.00 $673.41 $121,117.94
74 $121,117.94 $1,344.85 $0.00 $684.82 $123,147.61
75 $123,147.61 $1,344.85 $0.00 $696.29 $125,188.75
76 $125,188.75 $1,344.85 $0.00 $707.84 $127,241.44
77 $127,241.44 $1,344.85 $0.00 $719.44 $129,305.73
78 $129,305.73 $1,344.85 $0.00 $731.11 $131,381.69
79 $131,381.69 $1,344.85 $0.00 $742.85 $133,469.39
80 $133,469.39 $1,344.85 $0.00 $754.66 $135,568.90
81 $135,568.90 $1,344.85 $0.00 $766.53 $137,680.28
82 $137,680.28 $1,344.85 $0.00 $778.46 $139,803.59
83 $139,803.59 $1,344.85 $0.00 $790.47 $141,938.91
84 $141,938.91 $1,344.85 $0.00 $802.54 $144,086.30
85 $144,086.30 $1,344.85 $0.00 $814.68 $146,245.83
86 $146,245.83 $1,344.85 $0.00 $826.90 $148,417.58
87 $148,417.58 $1,344.85 $0.00 $839.17 $150,601.60
88 $150,601.60 $1,344.85 $0.00 $851.52 $152,797.97
89 $152,797.97 $1,344.85 $0.00 $863.94 $155,006.76
90 $155,006.76 $1,344.85 $0.00 $876.43 $157,228.04
91 $157,228.04 $1,344.85 $0.00 $888.99 $159,461.88
92 $159,461.88 $1,344.85 $0.00 $901.62 $161,708.35
93 $161,708.35 $1,344.85 $0.00 $914.32 $163,967.52
94 $163,967.52 $1,344.85 $0.00 $927.10 $166,239.47
95 $166,239.47 $1,344.85 $0.00 $939.94 $168,524.26
96 $168,524.26 $1,344.85 $0.00 $952.86 $170,821.97
97 $170,821.97 $1,344.85 $0.00 $965.85 $173,132.67
98 $173,132.67 $1,344.85 $0.00 $978.92 $175,456.44
99 $175,456.44 $1,344.85 $0.00 $992.06 $177,793.35
100 $177,793.35 $1,344.85 $0.00 $1,005.27 $180,143.47
101 $180,143.47 $1,344.85 $0.00 $1,018.56 $182,506.88
102 $182,506.88 $1,344.85 $0.00 $1,031.92 $184,883.65
103 $184,883.65 $1,344.85 $0.00 $1,045.36 $187,273.86
104 $187,273.86 $1,344.85 $0.00 $1,058.87 $189,677.58
105 $189,677.58 $1,344.85 $0.00 $1,072.46 $192,094.89
106 $192,094.89 $1,344.85 $0.00 $1,086.13 $194,525.87
107 $194,525.87 $1,344.85 $0.00 $1,099.88 $196,970.60
108 $196,970.60 $1,344.85 $0.00 $1,113.70 $199,429.15
109 $199,429.15 $1,344.85 $0.00 $1,127.60 $201,901.60
110 $201,901.60 $1,344.85 $0.00 $1,141.58 $204,388.03
111 $204,388.03 $1,344.85 $0.00 $1,155.64 $206,888.52
112 $206,888.52 $1,344.85 $0.00 $1,169.78 $209,403.15
113 $209,403.15 $1,344.85 $0.00 $1,184.00 $211,932.00
114 $211,932.00 $1,344.85 $0.00 $1,198.29 $214,475.14
115 $214,475.14 $1,344.85 $0.00 $1,212.67 $217,032.66
116 $217,032.66 $1,344.85 $0.00 $1,227.13 $219,604.64
117 $219,604.64 $1,344.85 $0.00 $1,241.68 $222,191.17
118 $222,191.17 $1,344.85 $0.00 $1,256.30 $224,792.32
119 $224,792.32 $1,344.85 $0.00 $1,271.01 $227,408.18
120 $227,408.18 $1,344.85 $0.00 $1,285.80 $230,038.83
121 $230,038.83 $1,344.85 $0.00 $1,300.67 $232,684.35
122 $232,684.35 $1,344.85 $0.00 $1,315.63 $235,344.83
123 $235,344.83 $1,344.85 $0.00 $1,330.67 $238,020.35
124 $238,020.35 $1,344.85 $0.00 $1,345.80 $240,711.00
125 $240,711.00 $1,344.85 $0.00 $1,361.01 $243,416.86
126 $243,416.86 $1,344.85 $0.00 $1,376.31 $246,138.02
127 $246,138.02 $1,344.85 $0.00 $1,391.70 $248,874.57
128 $248,874.57 $1,344.85 $0.00 $1,407.17 $251,626.59
129 $251,626.59 $1,344.85 $0.00 $1,422.73 $254,394.17
130 $254,394.17 $1,344.85 $0.00 $1,438.38 $257,177.40
131 $257,177.40 $1,344.85 $0.00 $1,454.12 $259,976.37
132 $259,976.37 $1,344.85 $0.00 $1,469.94 $262,791.16
133 $262,791.16 $1,344.85 $0.00 $1,485.86 $265,621.87
134 $265,621.87 $1,344.85 $0.00 $1,501.86 $268,468.58
135 $268,468.58 $1,344.85 $0.00 $1,517.96 $271,331.39
136 $271,331.39 $1,344.85 $0.00 $1,534.15 $274,210.39
137 $274,210.39 $1,344.85 $0.00 $1,550.43 $277,105.67
138 $277,105.67 $1,344.85 $0.00 $1,566.80 $280,017.32
139 $280,017.32 $1,344.85 $0.00 $1,583.26 $282,945.43
140 $282,945.43 $1,344.85 $0.00 $1,599.81 $285,890.09
141 $285,890.09 $1,344.85 $0.00 $1,616.46 $288,851.40
142 $288,851.40 $1,344.85 $0.00 $1,633.21 $291,829.46
143 $291,829.46 $1,344.85 $0.00 $1,650.05 $294,824.36
144 $294,824.36 $1,344.85 $0.00 $1,666.98 $297,836.19
145 $297,836.19 $1,344.85 $0.00 $1,684.01 $300,865.05
146 $300,865.05 $1,344.85 $0.00 $1,701.13 $303,911.03
147 $303,911.03 $1,344.85 $0.00 $1,718.36 $306,974.24
148 $306,974.24 $1,344.85 $0.00 $1,735.68 $310,054.77
149 $310,054.77 $1,344.85 $0.00 $1,753.09 $313,152.71
150 $313,152.71 $1,344.85 $0.00 $1,770.61 $316,268.17
151 $316,268.17 $1,344.85 $0.00 $1,788.23 $319,401.25
152 $319,401.25 $1,344.85 $0.00 $1,805.94 $322,552.04
153 $322,552.04 $1,344.85 $0.00 $1,823.76 $325,720.65
154 $325,720.65 $1,344.85 $0.00 $1,841.67 $328,907.17
155 $328,907.17 $1,344.85 $0.00 $1,859.69 $332,111.71
156 $332,111.71 $1,344.85 $0.00 $1,877.81 $335,334.37
157 $335,334.37 $1,344.85 $0.00 $1,896.03 $338,575.25
158 $338,575.25 $1,344.85 $0.00 $1,914.35 $341,834.45
159 $341,834.45 $1,344.85 $0.00 $1,932.78 $345,112.08
160 $345,112.08 $1,344.85 $0.00 $1,951.31 $348,408.24
161 $348,408.24 $1,344.85 $0.00 $1,969.95 $351,723.04
162 $351,723.04 $1,344.85 $0.00 $1,988.69 $355,056.58
163 $355,056.58 $1,344.85 $0.00 $2,007.54 $358,408.97
164 $358,408.97 $1,344.85 $0.00 $2,026.50 $361,780.32
165 $361,780.32 $1,344.85 $0.00 $2,045.56 $365,170.73
166 $365,170.73 $1,344.85 $0.00 $2,064.73 $368,580.31
167 $368,580.31 $1,344.85 $0.00 $2,084.01 $372,009.17
168 $372,009.17 $1,344.85 $0.00 $2,103.39 $375,457.41
169 $375,457.41 $1,344.85 $0.00 $2,122.89 $378,925.15
170 $378,925.15 $1,344.85 $0.00 $2,142.50 $382,412.50
171 $382,412.50 $1,344.85 $0.00 $2,162.22 $385,919.57
172 $385,919.57 $1,344.85 $0.00 $2,182.05 $389,446.47
173 $389,446.47 $1,344.85 $0.00 $2,201.99 $392,993.31
174 $392,993.31 $1,344.85 $0.00 $2,222.04 $396,560.20
175 $396,560.20 $1,344.85 $0.00 $2,242.21 $400,147.26
176 $400,147.26 $1,344.85 $0.00 $2,262.49 $403,754.60
177 $403,754.60 $1,344.85 $0.00 $2,282.89 $407,382.34
178 $407,382.34 $1,344.85 $0.00 $2,303.40 $411,030.59
179 $411,030.59 $1,344.85 $0.00 $2,324.03 $414,699.47
180 $414,699.47 $1,344.85 $0.00 $2,344.77 $418,389.09
181 $418,389.09 $1,344.85 $0.00 $2,365.63 $422,099.57
182 $422,099.57 $1,344.85 $0.00 $2,386.61 $425,831.03
183 $425,831.03 $1,344.85 $0.00 $2,407.71 $429,583.59
184 $429,583.59 $1,344.85 $0.00 $2,428.93 $433,357.37
185 $433,357.37 $1,344.85 $0.00 $2,450.27 $437,152.49
186 $437,152.49 $1,344.85 $0.00 $2,471.72 $440,969.06
187 $440,969.06 $1,344.85 $0.00 $2,493.30 $444,807.21
188 $444,807.21 $1,344.85 $0.00 $2,515.00 $448,667.06
189 $448,667.06 $1,344.85 $0.00 $2,536.83 $452,548.74
190 $452,548.74 $1,344.85 $0.00 $2,558.78 $456,452.37
191 $456,452.37 $1,344.85 $0.00 $2,580.85 $460,378.07
192 $460,378.07 $1,344.85 $0.00 $2,603.04 $464,325.96
193 $464,325.96 $1,344.85 $0.00 $2,625.37 $468,296.18
194 $468,296.18 $1,344.85 $0.00 $2,647.81 $472,288.84
195 $472,288.84 $1,344.85 $0.00 $2,670.39 $476,304.08
196 $476,304.08 $1,344.85 $0.00 $2,693.09 $480,342.02
197 $480,342.02 $1,344.85 $0.00 $2,715.92 $484,402.79
198 $484,402.79 $1,344.85 $0.00 $2,738.88 $488,486.52
199 $488,486.52 $1,344.85 $0.00 $2,761.97 $492,593.34
200 $492,593.34 $1,344.85 $0.00 $2,785.19 $496,723.38
201 $496,723.38 $1,344.85 $0.00 $2,808.55 $500,876.78
202 $500,876.78 $1,344.85 $0.00 $2,832.03 $505,053.66
203 $505,053.66 $1,344.85 $0.00 $2,855.65 $509,254.16
204 $509,254.16 $1,344.85 $0.00 $2,879.40 $513,478.41
205 $513,478.41 $1,344.85 $0.00 $2,903.28 $517,726.54
206 $517,726.54 $1,344.85 $0.00 $2,927.30 $521,998.69
207 $521,998.69 $1,344.85 $0.00 $2,951.46 $526,295.00
208 $526,295.00 $1,344.85 $0.00 $2,975.75 $530,615.60
209 $530,615.60 $1,344.85 $0.00 $3,000.18 $534,960.63
210 $534,960.63 $1,344.85 $0.00 $3,024.75 $539,330.23
211 $539,330.23 $1,344.85 $0.00 $3,049.45 $543,724.53
212 $543,724.53 $1,344.85 $0.00 $3,074.30 $548,143.68
213 $548,143.68 $1,344.85 $0.00 $3,099.28 $552,587.81
214 $552,587.81 $1,344.85 $0.00 $3,124.41 $557,057.07
215 $557,057.07 $1,344.85 $0.00 $3,149.68 $561,551.60
216 $561,551.60 $1,344.85 $0.00 $3,175.09 $566,071.54
217 $566,071.54 $1,344.85 $153,303.59 $3,200.65 $417,313.45
218 $417,313.45 $1,344.85 $0.00 $2,359.55 $421,017.85
219 $421,017.85 $1,344.85 $0.00 $2,380.50 $424,743.20
220 $424,743.20 $1,344.85 $0.00 $2,401.56 $428,489.61
221 $428,489.61 $1,344.85 $0.00 $2,422.74 $432,257.20
222 $432,257.20 $1,344.85 $0.00 $2,444.05 $436,046.10
223 $436,046.10 $1,344.85 $0.00 $2,465.47 $439,856.42
224 $439,856.42 $1,344.85 $0.00 $2,487.01 $443,688.28
225 $443,688.28 $1,344.85 $0.00 $2,508.68 $447,541.81
226 $447,541.81 $1,344.85 $0.00 $2,530.47 $451,417.13
227 $451,417.13 $1,344.85 $0.00 $2,552.38 $455,314.36
228 $455,314.36 $1,344.85 $0.00 $2,574.41 $459,233.62
229 $459,233.62 $1,344.85 $164,034.84 $2,596.57 $299,140.20
230 $299,140.20 $1,344.85 $0.00 $1,691.38 $302,176.43
231 $302,176.43 $1,344.85 $0.00 $1,708.55 $305,229.83
232 $305,229.83 $1,344.85 $0.00 $1,725.81 $308,300.49
233 $308,300.49 $1,344.85 $0.00 $1,743.18 $311,388.52
234 $311,388.52 $1,344.85 $0.00 $1,760.64 $314,494.01
235 $314,494.01 $1,344.85 $0.00 $1,778.19 $317,617.05
236 $317,617.05 $1,344.85 $0.00 $1,795.85 $320,757.75
237 $320,757.75 $1,344.85 $0.00 $1,813.61 $323,916.21
238 $323,916.21 $1,344.85 $0.00 $1,831.47 $327,092.53
239 $327,092.53 $1,344.85 $0.00 $1,849.43 $330,286.81
240 $330,286.81 $1,344.85 $0.00 $1,867.49 $333,499.15
241 $333,499.15 $1,344.85 $175,517.28 $1,885.65 $161,212.37
242 $161,212.37 $1,344.85 $0.00 $911.52 $163,468.74
243 $163,468.74 $1,344.85 $0.00 $924.28 $165,737.87
244 $165,737.87 $1,344.85 $0.00 $937.11 $168,019.83
245 $168,019.83 $1,344.85 $0.00 $950.01 $170,314.69
246 $170,314.69 $1,344.85 $0.00 $962.98 $172,622.52
247 $172,622.52 $1,344.85 $0.00 $976.03 $174,943.40
248 $174,943.40 $1,344.85 $0.00 $989.16 $177,277.41
249 $177,277.41 $1,344.85 $0.00 $1,002.35 $179,624.61
250 $179,624.61 $1,344.85 $0.00 $1,015.62 $181,985.08
251 $181,985.08 $1,344.85 $0.00 $1,028.97 $184,358.90
252 $184,358.90 $1,344.85 $0.00 $1,042.39 $186,746.14
253 $186,746.14 $0.00 $187,803.49 $1,055.89 -$1.46