# Savings Plan and Future Cost Estimation

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

## Savings Plan and Future Cost Estimation

 Estimated Annual Cost in 2041 \$110,674 Monthly savings required \$875

How much will it cost to send your child to college in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at \$442,697.85 for students enrolling in 2041 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of \$874.69 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 \$29,500.00 Years until enrollment 18 Annual Tuition Increase 7% Current Savings \$0.00 After Tax Return on Savings 7% Years of enrollment 4

## Current Savings Shortfall

### College Savings Calculator

Discover how much will you need to start saving now to afford college in the future.

## College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 \$0.00 \$874.69 \$0.00 \$0.00 \$874.69
2 \$874.69 \$874.69 \$0.00 \$4.95 \$1,754.33
3 \$1,754.33 \$874.69 \$0.00 \$9.92 \$2,638.94
4 \$2,638.94 \$874.69 \$0.00 \$14.92 \$3,528.55
5 \$3,528.55 \$874.69 \$0.00 \$19.95 \$4,423.19
6 \$4,423.19 \$874.69 \$0.00 \$25.01 \$5,322.89
7 \$5,322.89 \$874.69 \$0.00 \$30.10 \$6,227.68
8 \$6,227.68 \$874.69 \$0.00 \$35.21 \$7,137.58
9 \$7,137.58 \$874.69 \$0.00 \$40.36 \$8,052.63
10 \$8,052.63 \$874.69 \$0.00 \$45.53 \$8,972.85
11 \$8,972.85 \$874.69 \$0.00 \$50.73 \$9,898.27
12 \$9,898.27 \$874.69 \$0.00 \$55.97 \$10,828.93
13 \$10,828.93 \$874.69 \$0.00 \$61.23 \$11,764.85
14 \$11,764.85 \$874.69 \$0.00 \$66.52 \$12,706.06
15 \$12,706.06 \$874.69 \$0.00 \$71.84 \$13,652.59
16 \$13,652.59 \$874.69 \$0.00 \$77.19 \$14,604.47
17 \$14,604.47 \$874.69 \$0.00 \$82.58 \$15,561.74
18 \$15,561.74 \$874.69 \$0.00 \$87.99 \$16,524.42
19 \$16,524.42 \$874.69 \$0.00 \$93.43 \$17,492.54
20 \$17,492.54 \$874.69 \$0.00 \$98.91 \$18,466.14
21 \$18,466.14 \$874.69 \$0.00 \$104.41 \$19,445.24
22 \$19,445.24 \$874.69 \$0.00 \$109.95 \$20,429.88
23 \$20,429.88 \$874.69 \$0.00 \$115.51 \$21,420.08
24 \$21,420.08 \$874.69 \$0.00 \$121.11 \$22,415.88
25 \$22,415.88 \$874.69 \$0.00 \$126.74 \$23,417.31
26 \$23,417.31 \$874.69 \$0.00 \$132.40 \$24,424.40
27 \$24,424.40 \$874.69 \$0.00 \$138.10 \$25,437.19
28 \$25,437.19 \$874.69 \$0.00 \$143.83 \$26,455.71
29 \$26,455.71 \$874.69 \$0.00 \$149.58 \$27,479.98
30 \$27,479.98 \$874.69 \$0.00 \$155.38 \$28,510.05
31 \$28,510.05 \$874.69 \$0.00 \$161.20 \$29,545.94
32 \$29,545.94 \$874.69 \$0.00 \$167.06 \$30,587.69
33 \$30,587.69 \$874.69 \$0.00 \$172.95 \$31,635.33
34 \$31,635.33 \$874.69 \$0.00 \$178.87 \$32,688.89
35 \$32,688.89 \$874.69 \$0.00 \$184.83 \$33,748.41
36 \$33,748.41 \$874.69 \$0.00 \$190.82 \$34,813.92
37 \$34,813.92 \$874.69 \$0.00 \$196.84 \$35,885.45
38 \$35,885.45 \$874.69 \$0.00 \$202.90 \$36,963.04
39 \$36,963.04 \$874.69 \$0.00 \$208.99 \$38,046.72
40 \$38,046.72 \$874.69 \$0.00 \$215.12 \$39,136.53
41 \$39,136.53 \$874.69 \$0.00 \$221.28 \$40,232.50
42 \$40,232.50 \$874.69 \$0.00 \$227.48 \$41,334.67
43 \$41,334.67 \$874.69 \$0.00 \$233.71 \$42,443.07
44 \$42,443.07 \$874.69 \$0.00 \$239.98 \$43,557.74
45 \$43,557.74 \$874.69 \$0.00 \$246.28 \$44,678.71
46 \$44,678.71 \$874.69 \$0.00 \$252.62 \$45,806.02
47 \$45,806.02 \$874.69 \$0.00 \$258.99 \$46,939.70
48 \$46,939.70 \$874.69 \$0.00 \$265.40 \$48,079.79
49 \$48,079.79 \$874.69 \$0.00 \$271.85 \$49,226.33
50 \$49,226.33 \$874.69 \$0.00 \$278.33 \$50,379.35
51 \$50,379.35 \$874.69 \$0.00 \$284.85 \$51,538.89
52 \$51,538.89 \$874.69 \$0.00 \$291.41 \$52,704.99
53 \$52,704.99 \$874.69 \$0.00 \$298.00 \$53,877.68
54 \$53,877.68 \$874.69 \$0.00 \$304.63 \$55,057.00
55 \$55,057.00 \$874.69 \$0.00 \$311.30 \$56,242.99
56 \$56,242.99 \$874.69 \$0.00 \$318.01 \$57,435.69
57 \$57,435.69 \$874.69 \$0.00 \$324.75 \$58,635.13
58 \$58,635.13 \$874.69 \$0.00 \$331.53 \$59,841.35
59 \$59,841.35 \$874.69 \$0.00 \$338.35 \$61,054.39
60 \$61,054.39 \$874.69 \$0.00 \$345.21 \$62,274.29
61 \$62,274.29 \$874.69 \$0.00 \$352.11 \$63,501.09
62 \$63,501.09 \$874.69 \$0.00 \$359.04 \$64,734.82
63 \$64,734.82 \$874.69 \$0.00 \$366.02 \$65,975.53
64 \$65,975.53 \$874.69 \$0.00 \$373.04 \$67,223.26
65 \$67,223.26 \$874.69 \$0.00 \$380.09 \$68,478.04
66 \$68,478.04 \$874.69 \$0.00 \$387.18 \$69,739.91
67 \$69,739.91 \$874.69 \$0.00 \$394.32 \$71,008.92
68 \$71,008.92 \$874.69 \$0.00 \$401.49 \$72,285.10
69 \$72,285.10 \$874.69 \$0.00 \$408.71 \$73,568.50
70 \$73,568.50 \$874.69 \$0.00 \$415.97 \$74,859.16
71 \$74,859.16 \$874.69 \$0.00 \$423.26 \$76,157.11
72 \$76,157.11 \$874.69 \$0.00 \$430.60 \$77,462.40
73 \$77,462.40 \$874.69 \$0.00 \$437.98 \$78,775.07
74 \$78,775.07 \$874.69 \$0.00 \$445.41 \$80,095.17
75 \$80,095.17 \$874.69 \$0.00 \$452.87 \$81,422.73
76 \$81,422.73 \$874.69 \$0.00 \$460.38 \$82,757.80
77 \$82,757.80 \$874.69 \$0.00 \$467.92 \$84,100.41
78 \$84,100.41 \$874.69 \$0.00 \$475.52 \$85,450.62
79 \$85,450.62 \$874.69 \$0.00 \$483.15 \$86,808.46
80 \$86,808.46 \$874.69 \$0.00 \$490.83 \$88,173.98
81 \$88,173.98 \$874.69 \$0.00 \$498.55 \$89,547.22
82 \$89,547.22 \$874.69 \$0.00 \$506.31 \$90,928.22
83 \$90,928.22 \$874.69 \$0.00 \$514.12 \$92,317.03
84 \$92,317.03 \$874.69 \$0.00 \$521.97 \$93,713.69
85 \$93,713.69 \$874.69 \$0.00 \$529.87 \$95,118.25
86 \$95,118.25 \$874.69 \$0.00 \$537.81 \$96,530.75
87 \$96,530.75 \$874.69 \$0.00 \$545.80 \$97,951.24
88 \$97,951.24 \$874.69 \$0.00 \$553.83 \$99,379.76
89 \$99,379.76 \$874.69 \$0.00 \$561.91 \$100,816.36
90 \$100,816.36 \$874.69 \$0.00 \$570.03 \$102,261.08
91 \$102,261.08 \$874.69 \$0.00 \$578.20 \$103,713.97
92 \$103,713.97 \$874.69 \$0.00 \$586.41 \$105,175.07
93 \$105,175.07 \$874.69 \$0.00 \$594.68 \$106,644.44
94 \$106,644.44 \$874.69 \$0.00 \$602.98 \$108,122.11
95 \$108,122.11 \$874.69 \$0.00 \$611.34 \$109,608.14
96 \$109,608.14 \$874.69 \$0.00 \$619.74 \$111,102.57
97 \$111,102.57 \$874.69 \$0.00 \$628.19 \$112,605.45
98 \$112,605.45 \$874.69 \$0.00 \$636.69 \$114,116.83
99 \$114,116.83 \$874.69 \$0.00 \$645.23 \$115,636.75
100 \$115,636.75 \$874.69 \$0.00 \$653.83 \$117,165.27
101 \$117,165.27 \$874.69 \$0.00 \$662.47 \$118,702.43
102 \$118,702.43 \$874.69 \$0.00 \$671.16 \$120,248.28
103 \$120,248.28 \$874.69 \$0.00 \$679.90 \$121,802.87
104 \$121,802.87 \$874.69 \$0.00 \$688.69 \$123,366.25
105 \$123,366.25 \$874.69 \$0.00 \$697.53 \$124,938.47
106 \$124,938.47 \$874.69 \$0.00 \$706.42 \$126,519.58
107 \$126,519.58 \$874.69 \$0.00 \$715.36 \$128,109.63
108 \$128,109.63 \$874.69 \$0.00 \$724.35 \$129,708.67
109 \$129,708.67 \$874.69 \$0.00 \$733.39 \$131,316.75
110 \$131,316.75 \$874.69 \$0.00 \$742.48 \$132,933.92
111 \$132,933.92 \$874.69 \$0.00 \$751.63 \$134,560.24
112 \$134,560.24 \$874.69 \$0.00 \$760.82 \$136,195.75
113 \$136,195.75 \$874.69 \$0.00 \$770.07 \$137,840.51
114 \$137,840.51 \$874.69 \$0.00 \$779.37 \$139,494.57
115 \$139,494.57 \$874.69 \$0.00 \$788.72 \$141,157.98
116 \$141,157.98 \$874.69 \$0.00 \$798.13 \$142,830.80
117 \$142,830.80 \$874.69 \$0.00 \$807.59 \$144,513.08
118 \$144,513.08 \$874.69 \$0.00 \$817.10 \$146,204.87
119 \$146,204.87 \$874.69 \$0.00 \$826.66 \$147,906.22
120 \$147,906.22 \$874.69 \$0.00 \$836.28 \$149,617.19
121 \$149,617.19 \$874.69 \$0.00 \$845.96 \$151,337.84
122 \$151,337.84 \$874.69 \$0.00 \$855.69 \$153,068.22
123 \$153,068.22 \$874.69 \$0.00 \$865.47 \$154,808.38
124 \$154,808.38 \$874.69 \$0.00 \$875.31 \$156,558.38
125 \$156,558.38 \$874.69 \$0.00 \$885.20 \$158,318.27
126 \$158,318.27 \$874.69 \$0.00 \$895.15 \$160,088.11
127 \$160,088.11 \$874.69 \$0.00 \$905.16 \$161,867.96
128 \$161,867.96 \$874.69 \$0.00 \$915.22 \$163,657.87
129 \$163,657.87 \$874.69 \$0.00 \$925.35 \$165,457.91
130 \$165,457.91 \$874.69 \$0.00 \$935.52 \$167,268.12
131 \$167,268.12 \$874.69 \$0.00 \$945.76 \$169,088.57
132 \$169,088.57 \$874.69 \$0.00 \$956.05 \$170,919.31
133 \$170,919.31 \$874.69 \$0.00 \$966.40 \$172,760.40
134 \$172,760.40 \$874.69 \$0.00 \$976.81 \$174,611.90
135 \$174,611.90 \$874.69 \$0.00 \$987.28 \$176,473.87
136 \$176,473.87 \$874.69 \$0.00 \$997.81 \$178,346.37
137 \$178,346.37 \$874.69 \$0.00 \$1,008.40 \$180,229.46
138 \$180,229.46 \$874.69 \$0.00 \$1,019.04 \$182,123.19
139 \$182,123.19 \$874.69 \$0.00 \$1,029.75 \$184,027.63
140 \$184,027.63 \$874.69 \$0.00 \$1,040.52 \$185,942.84
141 \$185,942.84 \$874.69 \$0.00 \$1,051.35 \$187,868.88
142 \$187,868.88 \$874.69 \$0.00 \$1,062.24 \$189,805.81
143 \$189,805.81 \$874.69 \$0.00 \$1,073.19 \$191,753.69
144 \$191,753.69 \$874.69 \$0.00 \$1,084.20 \$193,712.58
145 \$193,712.58 \$874.69 \$0.00 \$1,095.28 \$195,682.55
146 \$195,682.55 \$874.69 \$0.00 \$1,106.42 \$197,663.66
147 \$197,663.66 \$874.69 \$0.00 \$1,117.62 \$199,655.97
148 \$199,655.97 \$874.69 \$0.00 \$1,128.88 \$201,659.54
149 \$201,659.54 \$874.69 \$0.00 \$1,140.21 \$203,674.44
150 \$203,674.44 \$874.69 \$0.00 \$1,151.60 \$205,700.73
151 \$205,700.73 \$874.69 \$0.00 \$1,163.06 \$207,738.48
152 \$207,738.48 \$874.69 \$0.00 \$1,174.58 \$209,787.75
153 \$209,787.75 \$874.69 \$0.00 \$1,186.17 \$211,848.61
154 \$211,848.61 \$874.69 \$0.00 \$1,197.82 \$213,921.12
155 \$213,921.12 \$874.69 \$0.00 \$1,209.54 \$216,005.35
156 \$216,005.35 \$874.69 \$0.00 \$1,221.33 \$218,101.37
157 \$218,101.37 \$874.69 \$0.00 \$1,233.18 \$220,209.24
158 \$220,209.24 \$874.69 \$0.00 \$1,245.10 \$222,329.03
159 \$222,329.03 \$874.69 \$0.00 \$1,257.08 \$224,460.80
160 \$224,460.80 \$874.69 \$0.00 \$1,269.13 \$226,604.62
161 \$226,604.62 \$874.69 \$0.00 \$1,281.26 \$228,760.57
162 \$228,760.57 \$874.69 \$0.00 \$1,293.45 \$230,928.71
163 \$230,928.71 \$874.69 \$0.00 \$1,305.70 \$233,109.10
164 \$233,109.10 \$874.69 \$0.00 \$1,318.03 \$235,301.82
165 \$235,301.82 \$874.69 \$0.00 \$1,330.43 \$237,506.94
166 \$237,506.94 \$874.69 \$0.00 \$1,342.90 \$239,724.53
167 \$239,724.53 \$874.69 \$0.00 \$1,355.44 \$241,954.66
168 \$241,954.66 \$874.69 \$0.00 \$1,368.05 \$244,197.40
169 \$244,197.40 \$874.69 \$0.00 \$1,380.73 \$246,452.82
170 \$246,452.82 \$874.69 \$0.00 \$1,393.48 \$248,720.99
171 \$248,720.99 \$874.69 \$0.00 \$1,406.30 \$251,001.98
172 \$251,001.98 \$874.69 \$0.00 \$1,419.20 \$253,295.87
173 \$253,295.87 \$874.69 \$0.00 \$1,432.17 \$255,602.73
174 \$255,602.73 \$874.69 \$0.00 \$1,445.21 \$257,922.63
175 \$257,922.63 \$874.69 \$0.00 \$1,458.33 \$260,255.65
176 \$260,255.65 \$874.69 \$0.00 \$1,471.52 \$262,601.86
177 \$262,601.86 \$874.69 \$0.00 \$1,484.79 \$264,961.34
178 \$264,961.34 \$874.69 \$0.00 \$1,498.13 \$267,334.16
179 \$267,334.16 \$874.69 \$0.00 \$1,511.55 \$269,720.40
180 \$269,720.40 \$874.69 \$0.00 \$1,525.04 \$272,120.13
181 \$272,120.13 \$874.69 \$0.00 \$1,538.61 \$274,533.43
182 \$274,533.43 \$874.69 \$0.00 \$1,552.25 \$276,960.37
183 \$276,960.37 \$874.69 \$0.00 \$1,565.97 \$279,401.03
184 \$279,401.03 \$874.69 \$0.00 \$1,579.77 \$281,855.49
185 \$281,855.49 \$874.69 \$0.00 \$1,593.65 \$284,323.83
186 \$284,323.83 \$874.69 \$0.00 \$1,607.61 \$286,806.13
187 \$286,806.13 \$874.69 \$0.00 \$1,621.64 \$289,302.46
188 \$289,302.46 \$874.69 \$0.00 \$1,635.76 \$291,812.91
189 \$291,812.91 \$874.69 \$0.00 \$1,649.95 \$294,337.55
190 \$294,337.55 \$874.69 \$0.00 \$1,664.23 \$296,876.47
191 \$296,876.47 \$874.69 \$0.00 \$1,678.58 \$299,429.74
192 \$299,429.74 \$874.69 \$0.00 \$1,693.02 \$301,997.45
193 \$301,997.45 \$874.69 \$0.00 \$1,707.54 \$304,579.68
194 \$304,579.68 \$874.69 \$0.00 \$1,722.14 \$307,176.51
195 \$307,176.51 \$874.69 \$0.00 \$1,736.82 \$309,788.02
196 \$309,788.02 \$874.69 \$0.00 \$1,751.59 \$312,414.30
197 \$312,414.30 \$874.69 \$0.00 \$1,766.44 \$315,055.43
198 \$315,055.43 \$874.69 \$0.00 \$1,781.37 \$317,711.49
199 \$317,711.49 \$874.69 \$0.00 \$1,796.39 \$320,382.57
200 \$320,382.57 \$874.69 \$0.00 \$1,811.49 \$323,068.75
201 \$323,068.75 \$874.69 \$0.00 \$1,826.68 \$325,770.12
202 \$325,770.12 \$874.69 \$0.00 \$1,841.95 \$328,486.76
203 \$328,486.76 \$874.69 \$0.00 \$1,857.31 \$331,218.76
204 \$331,218.76 \$874.69 \$0.00 \$1,872.76 \$333,966.21
205 \$333,966.21 \$874.69 \$0.00 \$1,888.29 \$336,729.19
206 \$336,729.19 \$874.69 \$0.00 \$1,903.92 \$339,507.80
207 \$339,507.80 \$874.69 \$0.00 \$1,919.63 \$342,302.12
208 \$342,302.12 \$874.69 \$0.00 \$1,935.43 \$345,112.24
209 \$345,112.24 \$874.69 \$0.00 \$1,951.31 \$347,938.24
210 \$347,938.24 \$874.69 \$0.00 \$1,967.29 \$350,780.22
211 \$350,780.22 \$874.69 \$0.00 \$1,983.36 \$353,638.27
212 \$353,638.27 \$874.69 \$0.00 \$1,999.52 \$356,512.48
213 \$356,512.48 \$874.69 \$0.00 \$2,015.77 \$359,402.94
214 \$359,402.94 \$874.69 \$0.00 \$2,032.12 \$362,309.75
215 \$362,309.75 \$874.69 \$0.00 \$2,048.55 \$365,232.99
216 \$365,232.99 \$874.69 \$0.00 \$2,065.08 \$368,172.76
217 \$368,172.76 \$874.69 \$99,708.00 \$2,081.70 \$271,421.15
218 \$271,421.15 \$874.69 \$0.00 \$1,534.65 \$273,830.49
219 \$273,830.49 \$874.69 \$0.00 \$1,548.28 \$276,253.46
220 \$276,253.46 \$874.69 \$0.00 \$1,561.98 \$278,690.13
221 \$278,690.13 \$874.69 \$0.00 \$1,575.75 \$281,140.57
222 \$281,140.57 \$874.69 \$0.00 \$1,589.61 \$283,604.87
223 \$283,604.87 \$874.69 \$0.00 \$1,603.54 \$286,083.10
224 \$286,083.10 \$874.69 \$0.00 \$1,617.56 \$288,575.35
225 \$288,575.35 \$874.69 \$0.00 \$1,631.65 \$291,081.69
226 \$291,081.69 \$874.69 \$0.00 \$1,645.82 \$293,602.20
227 \$293,602.20 \$874.69 \$0.00 \$1,660.07 \$296,136.96
228 \$296,136.96 \$874.69 \$0.00 \$1,674.40 \$298,686.05
229 \$298,686.05 \$874.69 \$106,687.56 \$1,688.81 \$194,561.99
230 \$194,561.99 \$874.69 \$0.00 \$1,100.08 \$196,536.76
231 \$196,536.76 \$874.69 \$0.00 \$1,111.25 \$198,522.70
232 \$198,522.70 \$874.69 \$0.00 \$1,122.48 \$200,519.87
233 \$200,519.87 \$874.69 \$0.00 \$1,133.77 \$202,528.33
234 \$202,528.33 \$874.69 \$0.00 \$1,145.12 \$204,548.14
235 \$204,548.14 \$874.69 \$0.00 \$1,156.54 \$206,579.37
236 \$206,579.37 \$874.69 \$0.00 \$1,168.03 \$208,622.09
237 \$208,622.09 \$874.69 \$0.00 \$1,179.58 \$210,676.36
238 \$210,676.36 \$874.69 \$0.00 \$1,191.19 \$212,742.24
239 \$212,742.24 \$874.69 \$0.00 \$1,202.88 \$214,819.81
240 \$214,819.81 \$874.69 \$0.00 \$1,214.62 \$216,909.12
241 \$216,909.12 \$874.69 \$114,155.69 \$1,226.44 \$104,854.56
242 \$104,854.56 \$874.69 \$0.00 \$592.86 \$106,322.11
243 \$106,322.11 \$874.69 \$0.00 \$601.16 \$107,797.96
244 \$107,797.96 \$874.69 \$0.00 \$609.51 \$109,282.16
245 \$109,282.16 \$874.69 \$0.00 \$617.90 \$110,774.75
246 \$110,774.75 \$874.69 \$0.00 \$626.34 \$112,275.78
247 \$112,275.78 \$874.69 \$0.00 \$634.82 \$113,785.29
248 \$113,785.29 \$874.69 \$0.00 \$643.36 \$115,303.34
249 \$115,303.34 \$874.69 \$0.00 \$651.94 \$116,829.97
250 \$116,829.97 \$874.69 \$0.00 \$660.57 \$118,365.23
251 \$118,365.23 \$874.69 \$0.00 \$669.25 \$119,909.17
252 \$119,909.17 \$874.69 \$0.00 \$677.98 \$121,461.84
253 \$121,461.84 \$0.00 \$122,146.59 \$686.76 \$2.01