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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$103,728
Monthly savings required$821

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 $414,913.19 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $821.10 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$40,000.00
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 $821.10 $0.00 $0.00 $821.10
2 $821.10 $821.10 $0.00 $4.64 $1,646.84
3 $1,646.84 $821.10 $0.00 $9.31 $2,477.25
4 $2,477.25 $821.10 $0.00 $14.01 $3,312.36
5 $3,312.36 $821.10 $0.00 $18.73 $4,152.19
6 $4,152.19 $821.10 $0.00 $23.48 $4,996.77
7 $4,996.77 $821.10 $0.00 $28.25 $5,846.12
8 $5,846.12 $821.10 $0.00 $33.05 $6,700.27
9 $6,700.27 $821.10 $0.00 $37.88 $7,559.25
10 $7,559.25 $821.10 $0.00 $42.74 $8,423.09
11 $8,423.09 $821.10 $0.00 $47.63 $9,291.82
12 $9,291.82 $821.10 $0.00 $52.54 $10,165.46
13 $10,165.46 $821.10 $0.00 $57.48 $11,044.04
14 $11,044.04 $821.10 $0.00 $62.44 $11,927.58
15 $11,927.58 $821.10 $0.00 $67.44 $12,816.12
16 $12,816.12 $821.10 $0.00 $72.46 $13,709.68
17 $13,709.68 $821.10 $0.00 $77.52 $14,608.30
18 $14,608.30 $821.10 $0.00 $82.60 $15,512.00
19 $15,512.00 $821.10 $0.00 $87.71 $16,420.81
20 $16,420.81 $821.10 $0.00 $92.85 $17,334.76
21 $17,334.76 $821.10 $0.00 $98.01 $18,253.87
22 $18,253.87 $821.10 $0.00 $103.21 $19,178.18
23 $19,178.18 $821.10 $0.00 $108.44 $20,107.72
24 $20,107.72 $821.10 $0.00 $113.69 $21,042.51
25 $21,042.51 $821.10 $0.00 $118.98 $21,982.59
26 $21,982.59 $821.10 $0.00 $124.29 $22,927.98
27 $22,927.98 $821.10 $0.00 $129.64 $23,878.72
28 $23,878.72 $821.10 $0.00 $135.01 $24,834.83
29 $24,834.83 $821.10 $0.00 $140.42 $25,796.35
30 $25,796.35 $821.10 $0.00 $145.86 $26,763.31
31 $26,763.31 $821.10 $0.00 $151.32 $27,735.73
32 $27,735.73 $821.10 $0.00 $156.82 $28,713.65
33 $28,713.65 $821.10 $0.00 $162.35 $29,697.10
34 $29,697.10 $821.10 $0.00 $167.91 $30,686.11
35 $30,686.11 $821.10 $0.00 $173.50 $31,680.71
36 $31,680.71 $821.10 $0.00 $179.13 $32,680.94
37 $32,680.94 $821.10 $0.00 $184.78 $33,686.82
38 $33,686.82 $821.10 $0.00 $190.47 $34,698.39
39 $34,698.39 $821.10 $0.00 $196.19 $35,715.68
40 $35,715.68 $821.10 $0.00 $201.94 $36,738.72
41 $36,738.72 $821.10 $0.00 $207.73 $37,767.55
42 $37,767.55 $821.10 $0.00 $213.54 $38,802.19
43 $38,802.19 $821.10 $0.00 $219.39 $39,842.68
44 $39,842.68 $821.10 $0.00 $225.28 $40,889.06
45 $40,889.06 $821.10 $0.00 $231.19 $41,941.35
46 $41,941.35 $821.10 $0.00 $237.14 $42,999.59
47 $42,999.59 $821.10 $0.00 $243.13 $44,063.82
48 $44,063.82 $821.10 $0.00 $249.14 $45,134.06
49 $45,134.06 $821.10 $0.00 $255.19 $46,210.35
50 $46,210.35 $821.10 $0.00 $261.28 $47,292.73
51 $47,292.73 $821.10 $0.00 $267.40 $48,381.23
52 $48,381.23 $821.10 $0.00 $273.55 $49,475.88
53 $49,475.88 $821.10 $0.00 $279.74 $50,576.72
54 $50,576.72 $821.10 $0.00 $285.97 $51,683.79
55 $51,683.79 $821.10 $0.00 $292.23 $52,797.12
56 $52,797.12 $821.10 $0.00 $298.52 $53,916.74
57 $53,916.74 $821.10 $0.00 $304.85 $55,042.69
58 $55,042.69 $821.10 $0.00 $311.22 $56,175.01
59 $56,175.01 $821.10 $0.00 $317.62 $57,313.73
60 $57,313.73 $821.10 $0.00 $324.06 $58,458.89
61 $58,458.89 $821.10 $0.00 $330.54 $59,610.53
62 $59,610.53 $821.10 $0.00 $337.05 $60,768.68
63 $60,768.68 $821.10 $0.00 $343.59 $61,933.37
64 $61,933.37 $821.10 $0.00 $350.18 $63,104.65
65 $63,104.65 $821.10 $0.00 $356.80 $64,282.55
66 $64,282.55 $821.10 $0.00 $363.46 $65,467.11
67 $65,467.11 $821.10 $0.00 $370.16 $66,658.37
68 $66,658.37 $821.10 $0.00 $376.90 $67,856.37
69 $67,856.37 $821.10 $0.00 $383.67 $69,061.14
70 $69,061.14 $821.10 $0.00 $390.48 $70,272.72
71 $70,272.72 $821.10 $0.00 $397.33 $71,491.15
72 $71,491.15 $821.10 $0.00 $404.22 $72,716.47
73 $72,716.47 $821.10 $0.00 $411.15 $73,948.72
74 $73,948.72 $821.10 $0.00 $418.12 $75,187.94
75 $75,187.94 $821.10 $0.00 $425.12 $76,434.16
76 $76,434.16 $821.10 $0.00 $432.17 $77,687.43
77 $77,687.43 $821.10 $0.00 $439.26 $78,947.79
78 $78,947.79 $821.10 $0.00 $446.38 $80,215.27
79 $80,215.27 $821.10 $0.00 $453.55 $81,489.92
80 $81,489.92 $821.10 $0.00 $460.76 $82,771.78
81 $82,771.78 $821.10 $0.00 $468.00 $84,060.88
82 $84,060.88 $821.10 $0.00 $475.29 $85,357.27
83 $85,357.27 $821.10 $0.00 $482.62 $86,660.99
84 $86,660.99 $821.10 $0.00 $489.99 $87,972.08
85 $87,972.08 $821.10 $0.00 $497.41 $89,290.59
86 $89,290.59 $821.10 $0.00 $504.86 $90,616.55
87 $90,616.55 $821.10 $0.00 $512.36 $91,950.01
88 $91,950.01 $821.10 $0.00 $519.90 $93,291.01
89 $93,291.01 $821.10 $0.00 $527.48 $94,639.59
90 $94,639.59 $821.10 $0.00 $535.11 $95,995.80
91 $95,995.80 $821.10 $0.00 $542.77 $97,359.67
92 $97,359.67 $821.10 $0.00 $550.49 $98,731.26
93 $98,731.26 $821.10 $0.00 $558.24 $100,110.60
94 $100,110.60 $821.10 $0.00 $566.04 $101,497.74
95 $101,497.74 $821.10 $0.00 $573.88 $102,892.72
96 $102,892.72 $821.10 $0.00 $581.77 $104,295.59
97 $104,295.59 $821.10 $0.00 $589.70 $105,706.39
98 $105,706.39 $821.10 $0.00 $597.68 $107,125.17
99 $107,125.17 $821.10 $0.00 $605.70 $108,551.97
100 $108,551.97 $821.10 $0.00 $613.77 $109,986.84
101 $109,986.84 $821.10 $0.00 $621.88 $111,429.82
102 $111,429.82 $821.10 $0.00 $630.04 $112,880.96
103 $112,880.96 $821.10 $0.00 $638.25 $114,340.31
104 $114,340.31 $821.10 $0.00 $646.50 $115,807.91
105 $115,807.91 $821.10 $0.00 $654.79 $117,283.80
106 $117,283.80 $821.10 $0.00 $663.14 $118,768.04
107 $118,768.04 $821.10 $0.00 $671.53 $120,260.67
108 $120,260.67 $821.10 $0.00 $679.97 $121,761.74
109 $121,761.74 $821.10 $0.00 $688.46 $123,271.30
110 $123,271.30 $821.10 $0.00 $696.99 $124,789.39
111 $124,789.39 $821.10 $0.00 $705.58 $126,316.07
112 $126,316.07 $821.10 $0.00 $714.21 $127,851.38
113 $127,851.38 $821.10 $0.00 $722.89 $129,395.37
114 $129,395.37 $821.10 $0.00 $731.62 $130,948.09
115 $130,948.09 $821.10 $0.00 $740.40 $132,509.59
116 $132,509.59 $821.10 $0.00 $749.23 $134,079.92
117 $134,079.92 $821.10 $0.00 $758.11 $135,659.13
118 $135,659.13 $821.10 $0.00 $767.04 $137,247.27
119 $137,247.27 $821.10 $0.00 $776.02 $138,844.39
120 $138,844.39 $821.10 $0.00 $785.05 $140,450.54
121 $140,450.54 $821.10 $0.00 $794.13 $142,065.77
122 $142,065.77 $821.10 $0.00 $803.26 $143,690.13
123 $143,690.13 $821.10 $0.00 $812.44 $145,323.67
124 $145,323.67 $821.10 $0.00 $821.68 $146,966.45
125 $146,966.45 $821.10 $0.00 $830.97 $148,618.52
126 $148,618.52 $821.10 $0.00 $840.31 $150,279.93
127 $150,279.93 $821.10 $0.00 $849.70 $151,950.73
128 $151,950.73 $821.10 $0.00 $859.15 $153,630.98
129 $153,630.98 $821.10 $0.00 $868.65 $155,320.73
130 $155,320.73 $821.10 $0.00 $878.21 $157,020.04
131 $157,020.04 $821.10 $0.00 $887.81 $158,728.95
132 $158,728.95 $821.10 $0.00 $897.48 $160,447.53
133 $160,447.53 $821.10 $0.00 $907.19 $162,175.82
134 $162,175.82 $821.10 $0.00 $916.97 $163,913.89
135 $163,913.89 $821.10 $0.00 $926.79 $165,661.78
136 $165,661.78 $821.10 $0.00 $936.68 $167,419.56
137 $167,419.56 $821.10 $0.00 $946.61 $169,187.27
138 $169,187.27 $821.10 $0.00 $956.61 $170,964.98
139 $170,964.98 $821.10 $0.00 $966.66 $172,752.74
140 $172,752.74 $821.10 $0.00 $976.77 $174,550.61
141 $174,550.61 $821.10 $0.00 $986.93 $176,358.64
142 $176,358.64 $821.10 $0.00 $997.16 $178,176.90
143 $178,176.90 $821.10 $0.00 $1,007.44 $180,005.44
144 $180,005.44 $821.10 $0.00 $1,017.78 $181,844.32
145 $181,844.32 $821.10 $0.00 $1,028.17 $183,693.59
146 $183,693.59 $821.10 $0.00 $1,038.63 $185,553.32
147 $185,553.32 $821.10 $0.00 $1,049.15 $187,423.57
148 $187,423.57 $821.10 $0.00 $1,059.72 $189,304.39
149 $189,304.39 $821.10 $0.00 $1,070.35 $191,195.84
150 $191,195.84 $821.10 $0.00 $1,081.05 $193,097.99
151 $193,097.99 $821.10 $0.00 $1,091.80 $195,010.89
152 $195,010.89 $821.10 $0.00 $1,102.62 $196,934.61
153 $196,934.61 $821.10 $0.00 $1,113.50 $198,869.21
154 $198,869.21 $821.10 $0.00 $1,124.44 $200,814.75
155 $200,814.75 $821.10 $0.00 $1,135.44 $202,771.29
156 $202,771.29 $821.10 $0.00 $1,146.50 $204,738.89
157 $204,738.89 $821.10 $0.00 $1,157.62 $206,717.61
158 $206,717.61 $821.10 $0.00 $1,168.81 $208,707.52
159 $208,707.52 $821.10 $0.00 $1,180.06 $210,708.68
160 $210,708.68 $821.10 $0.00 $1,191.38 $212,721.16
161 $212,721.16 $821.10 $0.00 $1,202.76 $214,745.02
162 $214,745.02 $821.10 $0.00 $1,214.20 $216,780.32
163 $216,780.32 $821.10 $0.00 $1,225.71 $218,827.13
164 $218,827.13 $821.10 $0.00 $1,237.28 $220,885.51
165 $220,885.51 $821.10 $0.00 $1,248.92 $222,955.53
166 $222,955.53 $821.10 $0.00 $1,260.62 $225,037.25
167 $225,037.25 $821.10 $0.00 $1,272.39 $227,130.74
168 $227,130.74 $821.10 $0.00 $1,284.23 $229,236.07
169 $229,236.07 $821.10 $0.00 $1,296.13 $231,353.30
170 $231,353.30 $821.10 $0.00 $1,308.11 $233,482.51
171 $233,482.51 $821.10 $0.00 $1,320.14 $235,623.75
172 $235,623.75 $821.10 $0.00 $1,332.25 $237,777.10
173 $237,777.10 $821.10 $0.00 $1,344.43 $239,942.63
174 $239,942.63 $821.10 $0.00 $1,356.67 $242,120.40
175 $242,120.40 $821.10 $0.00 $1,368.98 $244,310.48
176 $244,310.48 $821.10 $0.00 $1,381.37 $246,512.95
177 $246,512.95 $821.10 $0.00 $1,393.82 $248,727.87
178 $248,727.87 $821.10 $0.00 $1,406.34 $250,955.31
179 $250,955.31 $821.10 $0.00 $1,418.94 $253,195.35
180 $253,195.35 $821.10 $0.00 $1,431.60 $255,448.05
181 $255,448.05 $821.10 $0.00 $1,444.34 $257,713.49
182 $257,713.49 $821.10 $0.00 $1,457.15 $259,991.74
183 $259,991.74 $821.10 $0.00 $1,470.03 $262,282.87
184 $262,282.87 $821.10 $0.00 $1,482.99 $264,586.96
185 $264,586.96 $821.10 $0.00 $1,496.01 $266,904.07
186 $266,904.07 $821.10 $0.00 $1,509.11 $269,234.28
187 $269,234.28 $821.10 $0.00 $1,522.29 $271,577.67
188 $271,577.67 $821.10 $0.00 $1,535.54 $273,934.31
189 $273,934.31 $821.10 $0.00 $1,548.86 $276,304.27
190 $276,304.27 $821.10 $0.00 $1,562.26 $278,687.63
191 $278,687.63 $821.10 $0.00 $1,575.74 $281,084.47
192 $281,084.47 $821.10 $0.00 $1,589.29 $283,494.86
193 $283,494.86 $821.10 $0.00 $1,602.92 $285,918.88
194 $285,918.88 $821.10 $0.00 $1,616.63 $288,356.61
195 $288,356.61 $821.10 $0.00 $1,630.41 $290,808.12
196 $290,808.12 $821.10 $0.00 $1,644.27 $293,273.49
197 $293,273.49 $821.10 $0.00 $1,658.21 $295,752.80
198 $295,752.80 $821.10 $0.00 $1,672.23 $298,246.13
199 $298,246.13 $821.10 $0.00 $1,686.33 $300,753.56
200 $300,753.56 $821.10 $0.00 $1,700.50 $303,275.16
201 $303,275.16 $821.10 $0.00 $1,714.76 $305,811.02
202 $305,811.02 $821.10 $0.00 $1,729.10 $308,361.22
203 $308,361.22 $821.10 $0.00 $1,743.52 $310,925.84
204 $310,925.84 $821.10 $0.00 $1,758.02 $313,504.96
205 $313,504.96 $821.10 $0.00 $1,772.60 $316,098.66
206 $316,098.66 $821.10 $0.00 $1,787.27 $318,707.03
207 $318,707.03 $821.10 $0.00 $1,802.02 $321,330.15
208 $321,330.15 $821.10 $0.00 $1,816.85 $323,968.10
209 $323,968.10 $821.10 $0.00 $1,831.76 $326,620.96
210 $326,620.96 $821.10 $0.00 $1,846.76 $329,288.82
211 $329,288.82 $821.10 $0.00 $1,861.85 $331,971.77
212 $331,971.77 $821.10 $0.00 $1,877.02 $334,669.89
213 $334,669.89 $821.10 $0.00 $1,892.27 $337,383.26
214 $337,383.26 $821.10 $0.00 $1,907.61 $340,111.97
215 $340,111.97 $821.10 $0.00 $1,923.04 $342,856.11
216 $342,856.11 $821.10 $0.00 $1,938.56 $345,615.77
217 $345,615.77 $821.10 $96,264.77 $1,954.16 $252,126.26
218 $252,126.26 $821.10 $0.00 $1,425.56 $254,372.92
219 $254,372.92 $821.10 $0.00 $1,438.26 $256,632.28
220 $256,632.28 $821.10 $0.00 $1,451.04 $258,904.42
221 $258,904.42 $821.10 $0.00 $1,463.88 $261,189.40
222 $261,189.40 $821.10 $0.00 $1,476.80 $263,487.30
223 $263,487.30 $821.10 $0.00 $1,489.80 $265,798.20
224 $265,798.20 $821.10 $0.00 $1,502.86 $268,122.16
225 $268,122.16 $821.10 $0.00 $1,516.00 $270,459.26
226 $270,459.26 $821.10 $0.00 $1,529.22 $272,809.58
227 $272,809.58 $821.10 $0.00 $1,542.51 $275,173.19
228 $275,173.19 $821.10 $0.00 $1,555.87 $277,550.16
229 $277,550.16 $821.10 $101,078.01 $1,569.31 $178,862.56
230 $178,862.56 $821.10 $0.00 $1,011.31 $180,694.97
231 $180,694.97 $821.10 $0.00 $1,021.68 $182,537.75
232 $182,537.75 $821.10 $0.00 $1,032.09 $184,390.94
233 $184,390.94 $821.10 $0.00 $1,042.57 $186,254.61
234 $186,254.61 $821.10 $0.00 $1,053.11 $188,128.82
235 $188,128.82 $821.10 $0.00 $1,063.71 $190,013.63
236 $190,013.63 $821.10 $0.00 $1,074.36 $191,909.09
237 $191,909.09 $821.10 $0.00 $1,085.08 $193,815.27
238 $193,815.27 $821.10 $0.00 $1,095.86 $195,732.23
239 $195,732.23 $821.10 $0.00 $1,106.70 $197,660.03
240 $197,660.03 $821.10 $0.00 $1,117.60 $199,598.73
241 $199,598.73 $821.10 $106,131.91 $1,128.56 $95,416.48
242 $95,416.48 $821.10 $0.00 $539.50 $96,777.08
243 $96,777.08 $821.10 $0.00 $547.19 $98,145.37
244 $98,145.37 $821.10 $0.00 $554.93 $99,521.40
245 $99,521.40 $821.10 $0.00 $562.71 $100,905.21
246 $100,905.21 $821.10 $0.00 $570.53 $102,296.84
247 $102,296.84 $821.10 $0.00 $578.40 $103,696.34
248 $103,696.34 $821.10 $0.00 $586.31 $105,103.75
249 $105,103.75 $821.10 $0.00 $594.27 $106,519.12
250 $106,519.12 $821.10 $0.00 $602.27 $107,942.49
251 $107,942.49 $821.10 $0.00 $610.32 $109,373.91
252 $109,373.91 $821.10 $0.00 $618.42 $110,813.43
253 $110,813.43 $0.00 $111,438.50 $626.56 $1.49