Savings Plan and Future Cost Estimation for California Institute of Technology

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$313,633
Monthly savings required$2,479

How much will it cost to send your child to California Institute of Technology in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $1,254,530.66 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $2,478.71 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$83,598.00
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 $2,478.71 $0.00 $0.00 $2,478.71
2 $2,478.71 $2,478.71 $0.00 $14.01 $4,971.43
3 $4,971.43 $2,478.71 $0.00 $28.11 $7,478.25
4 $7,478.25 $2,478.71 $0.00 $42.28 $9,999.24
5 $9,999.24 $2,478.71 $0.00 $56.54 $12,534.49
6 $12,534.49 $2,478.71 $0.00 $70.87 $15,084.07
7 $15,084.07 $2,478.71 $0.00 $85.29 $17,648.07
8 $17,648.07 $2,478.71 $0.00 $99.78 $20,226.56
9 $20,226.56 $2,478.71 $0.00 $114.36 $22,819.63
10 $22,819.63 $2,478.71 $0.00 $129.03 $25,427.37
11 $25,427.37 $2,478.71 $0.00 $143.77 $28,049.85
12 $28,049.85 $2,478.71 $0.00 $158.60 $30,687.16
13 $30,687.16 $2,478.71 $0.00 $173.51 $33,339.38
14 $33,339.38 $2,478.71 $0.00 $188.51 $36,006.60
15 $36,006.60 $2,478.71 $0.00 $203.59 $38,688.90
16 $38,688.90 $2,478.71 $0.00 $218.75 $41,386.36
17 $41,386.36 $2,478.71 $0.00 $234.00 $44,099.07
18 $44,099.07 $2,478.71 $0.00 $249.34 $46,827.12
19 $46,827.12 $2,478.71 $0.00 $264.77 $49,570.60
20 $49,570.60 $2,478.71 $0.00 $280.28 $52,329.59
21 $52,329.59 $2,478.71 $0.00 $295.88 $55,104.18
22 $55,104.18 $2,478.71 $0.00 $311.57 $57,894.46
23 $57,894.46 $2,478.71 $0.00 $327.34 $60,700.51
24 $60,700.51 $2,478.71 $0.00 $343.21 $63,522.43
25 $63,522.43 $2,478.71 $0.00 $359.17 $66,360.31
26 $66,360.31 $2,478.71 $0.00 $375.21 $69,214.23
27 $69,214.23 $2,478.71 $0.00 $391.35 $72,084.29
28 $72,084.29 $2,478.71 $0.00 $407.58 $74,970.58
29 $74,970.58 $2,478.71 $0.00 $423.89 $77,873.18
30 $77,873.18 $2,478.71 $0.00 $440.31 $80,792.20
31 $80,792.20 $2,478.71 $0.00 $456.81 $83,727.72
32 $83,727.72 $2,478.71 $0.00 $473.41 $86,679.84
33 $86,679.84 $2,478.71 $0.00 $490.10 $89,648.65
34 $89,648.65 $2,478.71 $0.00 $506.89 $92,634.25
35 $92,634.25 $2,478.71 $0.00 $523.77 $95,636.73
36 $95,636.73 $2,478.71 $0.00 $540.74 $98,656.18
37 $98,656.18 $2,478.71 $0.00 $557.82 $101,692.71
38 $101,692.71 $2,478.71 $0.00 $574.99 $104,746.41
39 $104,746.41 $2,478.71 $0.00 $592.25 $107,817.37
40 $107,817.37 $2,478.71 $0.00 $609.62 $110,905.70
41 $110,905.70 $2,478.71 $0.00 $627.08 $114,011.49
42 $114,011.49 $2,478.71 $0.00 $644.64 $117,134.84
43 $117,134.84 $2,478.71 $0.00 $662.30 $120,275.85
44 $120,275.85 $2,478.71 $0.00 $680.06 $123,434.62
45 $123,434.62 $2,478.71 $0.00 $697.92 $126,611.25
46 $126,611.25 $2,478.71 $0.00 $715.88 $129,805.84
47 $129,805.84 $2,478.71 $0.00 $733.94 $133,018.49
48 $133,018.49 $2,478.71 $0.00 $752.11 $136,249.31
49 $136,249.31 $2,478.71 $0.00 $770.37 $139,498.39
50 $139,498.39 $2,478.71 $0.00 $788.74 $142,765.84
51 $142,765.84 $2,478.71 $0.00 $807.22 $146,051.77
52 $146,051.77 $2,478.71 $0.00 $825.80 $149,356.28
53 $149,356.28 $2,478.71 $0.00 $844.48 $152,679.47
54 $152,679.47 $2,478.71 $0.00 $863.27 $156,021.45
55 $156,021.45 $2,478.71 $0.00 $882.17 $159,382.33
56 $159,382.33 $2,478.71 $0.00 $901.17 $162,762.21
57 $162,762.21 $2,478.71 $0.00 $920.28 $166,161.20
58 $166,161.20 $2,478.71 $0.00 $939.50 $169,579.41
59 $169,579.41 $2,478.71 $0.00 $958.83 $173,016.95
60 $173,016.95 $2,478.71 $0.00 $978.26 $176,473.92
61 $176,473.92 $2,478.71 $0.00 $997.81 $179,950.44
62 $179,950.44 $2,478.71 $0.00 $1,017.47 $183,446.62
63 $183,446.62 $2,478.71 $0.00 $1,037.23 $186,962.56
64 $186,962.56 $2,478.71 $0.00 $1,057.11 $190,498.38
65 $190,498.38 $2,478.71 $0.00 $1,077.11 $194,054.20
66 $194,054.20 $2,478.71 $0.00 $1,097.21 $197,630.12
67 $197,630.12 $2,478.71 $0.00 $1,117.43 $201,226.26
68 $201,226.26 $2,478.71 $0.00 $1,137.76 $204,842.73
69 $204,842.73 $2,478.71 $0.00 $1,158.21 $208,479.65
70 $208,479.65 $2,478.71 $0.00 $1,178.77 $212,137.13
71 $212,137.13 $2,478.71 $0.00 $1,199.45 $215,815.29
72 $215,815.29 $2,478.71 $0.00 $1,220.25 $219,514.25
73 $219,514.25 $2,478.71 $0.00 $1,241.17 $223,234.13
74 $223,234.13 $2,478.71 $0.00 $1,262.20 $226,975.04
75 $226,975.04 $2,478.71 $0.00 $1,283.35 $230,737.10
76 $230,737.10 $2,478.71 $0.00 $1,304.62 $234,520.43
77 $234,520.43 $2,478.71 $0.00 $1,326.01 $238,325.15
78 $238,325.15 $2,478.71 $0.00 $1,347.53 $242,151.39
79 $242,151.39 $2,478.71 $0.00 $1,369.16 $245,999.26
80 $245,999.26 $2,478.71 $0.00 $1,390.92 $249,868.89
81 $249,868.89 $2,478.71 $0.00 $1,412.80 $253,760.40
82 $253,760.40 $2,478.71 $0.00 $1,434.80 $257,673.91
83 $257,673.91 $2,478.71 $0.00 $1,456.93 $261,609.55
84 $261,609.55 $2,478.71 $0.00 $1,479.18 $265,567.44
85 $265,567.44 $2,478.71 $0.00 $1,501.56 $269,547.71
86 $269,547.71 $2,478.71 $0.00 $1,524.06 $273,550.48
87 $273,550.48 $2,478.71 $0.00 $1,546.69 $277,575.88
88 $277,575.88 $2,478.71 $0.00 $1,569.45 $281,624.04
89 $281,624.04 $2,478.71 $0.00 $1,592.34 $285,695.09
90 $285,695.09 $2,478.71 $0.00 $1,615.36 $289,789.16
91 $289,789.16 $2,478.71 $0.00 $1,638.51 $293,906.38
92 $293,906.38 $2,478.71 $0.00 $1,661.79 $298,046.88
93 $298,046.88 $2,478.71 $0.00 $1,685.20 $302,210.79
94 $302,210.79 $2,478.71 $0.00 $1,708.74 $306,398.24
95 $306,398.24 $2,478.71 $0.00 $1,732.42 $310,609.37
96 $310,609.37 $2,478.71 $0.00 $1,756.23 $314,844.31
97 $314,844.31 $2,478.71 $0.00 $1,780.18 $319,103.20
98 $319,103.20 $2,478.71 $0.00 $1,804.26 $323,386.17
99 $323,386.17 $2,478.71 $0.00 $1,828.47 $327,693.35
100 $327,693.35 $2,478.71 $0.00 $1,852.83 $332,024.89
101 $332,024.89 $2,478.71 $0.00 $1,877.32 $336,380.92
102 $336,380.92 $2,478.71 $0.00 $1,901.95 $340,761.58
103 $340,761.58 $2,478.71 $0.00 $1,926.72 $345,167.01
104 $345,167.01 $2,478.71 $0.00 $1,951.62 $349,597.34
105 $349,597.34 $2,478.71 $0.00 $1,976.67 $354,052.72
106 $354,052.72 $2,478.71 $0.00 $2,001.87 $358,533.30
107 $358,533.30 $2,478.71 $0.00 $2,027.20 $363,039.21
108 $363,039.21 $2,478.71 $0.00 $2,052.68 $367,570.60
109 $367,570.60 $2,478.71 $0.00 $2,078.30 $372,127.61
110 $372,127.61 $2,478.71 $0.00 $2,104.06 $376,710.38
111 $376,710.38 $2,478.71 $0.00 $2,129.98 $381,319.07
112 $381,319.07 $2,478.71 $0.00 $2,156.03 $385,953.81
113 $385,953.81 $2,478.71 $0.00 $2,182.24 $390,614.76
114 $390,614.76 $2,478.71 $0.00 $2,208.59 $395,302.06
115 $395,302.06 $2,478.71 $0.00 $2,235.10 $400,015.87
116 $400,015.87 $2,478.71 $0.00 $2,261.75 $404,756.33
117 $404,756.33 $2,478.71 $0.00 $2,288.55 $409,523.59
118 $409,523.59 $2,478.71 $0.00 $2,315.51 $414,317.81
119 $414,317.81 $2,478.71 $0.00 $2,342.61 $419,139.13
120 $419,139.13 $2,478.71 $0.00 $2,369.87 $423,987.71
121 $423,987.71 $2,478.71 $0.00 $2,397.29 $428,863.71
122 $428,863.71 $2,478.71 $0.00 $2,424.86 $433,767.28
123 $433,767.28 $2,478.71 $0.00 $2,452.58 $438,698.57
124 $438,698.57 $2,478.71 $0.00 $2,480.47 $443,657.75
125 $443,657.75 $2,478.71 $0.00 $2,508.51 $448,644.97
126 $448,644.97 $2,478.71 $0.00 $2,536.70 $453,660.38
127 $453,660.38 $2,478.71 $0.00 $2,565.06 $458,704.15
128 $458,704.15 $2,478.71 $0.00 $2,593.58 $463,776.44
129 $463,776.44 $2,478.71 $0.00 $2,622.26 $468,877.41
130 $468,877.41 $2,478.71 $0.00 $2,651.10 $474,007.22
131 $474,007.22 $2,478.71 $0.00 $2,680.11 $479,166.04
132 $479,166.04 $2,478.71 $0.00 $2,709.27 $484,354.02
133 $484,354.02 $2,478.71 $0.00 $2,738.61 $489,571.34
134 $489,571.34 $2,478.71 $0.00 $2,768.11 $494,818.16
135 $494,818.16 $2,478.71 $0.00 $2,797.77 $500,094.64
136 $500,094.64 $2,478.71 $0.00 $2,827.61 $505,400.96
137 $505,400.96 $2,478.71 $0.00 $2,857.61 $510,737.28
138 $510,737.28 $2,478.71 $0.00 $2,887.78 $516,103.77
139 $516,103.77 $2,478.71 $0.00 $2,918.13 $521,500.61
140 $521,500.61 $2,478.71 $0.00 $2,948.64 $526,927.96
141 $526,927.96 $2,478.71 $0.00 $2,979.33 $532,386.00
142 $532,386.00 $2,478.71 $0.00 $3,010.19 $537,874.90
143 $537,874.90 $2,478.71 $0.00 $3,041.22 $543,394.83
144 $543,394.83 $2,478.71 $0.00 $3,072.43 $548,945.97
145 $548,945.97 $2,478.71 $0.00 $3,103.82 $554,528.50
146 $554,528.50 $2,478.71 $0.00 $3,135.38 $560,142.59
147 $560,142.59 $2,478.71 $0.00 $3,167.13 $565,788.43
148 $565,788.43 $2,478.71 $0.00 $3,199.05 $571,466.19
149 $571,466.19 $2,478.71 $0.00 $3,231.15 $577,176.05
150 $577,176.05 $2,478.71 $0.00 $3,263.44 $582,918.20
151 $582,918.20 $2,478.71 $0.00 $3,295.90 $588,692.81
152 $588,692.81 $2,478.71 $0.00 $3,328.55 $594,500.07
153 $594,500.07 $2,478.71 $0.00 $3,361.39 $600,340.17
154 $600,340.17 $2,478.71 $0.00 $3,394.41 $606,213.29
155 $606,213.29 $2,478.71 $0.00 $3,427.62 $612,119.62
156 $612,119.62 $2,478.71 $0.00 $3,461.01 $618,059.34
157 $618,059.34 $2,478.71 $0.00 $3,494.60 $624,032.65
158 $624,032.65 $2,478.71 $0.00 $3,528.37 $630,039.73
159 $630,039.73 $2,478.71 $0.00 $3,562.34 $636,080.78
160 $636,080.78 $2,478.71 $0.00 $3,596.49 $642,155.98
161 $642,155.98 $2,478.71 $0.00 $3,630.84 $648,265.53
162 $648,265.53 $2,478.71 $0.00 $3,665.39 $654,409.63
163 $654,409.63 $2,478.71 $0.00 $3,700.13 $660,588.47
164 $660,588.47 $2,478.71 $0.00 $3,735.06 $666,802.24
165 $666,802.24 $2,478.71 $0.00 $3,770.20 $673,051.15
166 $673,051.15 $2,478.71 $0.00 $3,805.53 $679,335.39
167 $679,335.39 $2,478.71 $0.00 $3,841.06 $685,655.16
168 $685,655.16 $2,478.71 $0.00 $3,876.79 $692,010.66
169 $692,010.66 $2,478.71 $0.00 $3,912.73 $698,402.10
170 $698,402.10 $2,478.71 $0.00 $3,948.87 $704,829.68
171 $704,829.68 $2,478.71 $0.00 $3,985.21 $711,293.60
172 $711,293.60 $2,478.71 $0.00 $4,021.76 $717,794.07
173 $717,794.07 $2,478.71 $0.00 $4,058.51 $724,331.29
174 $724,331.29 $2,478.71 $0.00 $4,095.47 $730,905.47
175 $730,905.47 $2,478.71 $0.00 $4,132.65 $737,516.83
176 $737,516.83 $2,478.71 $0.00 $4,170.03 $744,165.57
177 $744,165.57 $2,478.71 $0.00 $4,207.62 $750,851.90
178 $750,851.90 $2,478.71 $0.00 $4,245.43 $757,576.04
179 $757,576.04 $2,478.71 $0.00 $4,283.45 $764,338.20
180 $764,338.20 $2,478.71 $0.00 $4,321.68 $771,138.59
181 $771,138.59 $2,478.71 $0.00 $4,360.13 $777,977.43
182 $777,977.43 $2,478.71 $0.00 $4,398.80 $784,854.94
183 $784,854.94 $2,478.71 $0.00 $4,437.68 $791,771.33
184 $791,771.33 $2,478.71 $0.00 $4,476.79 $798,726.83
185 $798,726.83 $2,478.71 $0.00 $4,516.12 $805,721.66
186 $805,721.66 $2,478.71 $0.00 $4,555.67 $812,756.04
187 $812,756.04 $2,478.71 $0.00 $4,595.44 $819,830.19
188 $819,830.19 $2,478.71 $0.00 $4,635.44 $826,944.34
189 $826,944.34 $2,478.71 $0.00 $4,675.66 $834,098.71
190 $834,098.71 $2,478.71 $0.00 $4,716.12 $841,293.54
191 $841,293.54 $2,478.71 $0.00 $4,756.80 $848,529.05
192 $848,529.05 $2,478.71 $0.00 $4,797.71 $855,805.47
193 $855,805.47 $2,478.71 $0.00 $4,838.85 $863,123.03
194 $863,123.03 $2,478.71 $0.00 $4,880.22 $870,481.96
195 $870,481.96 $2,478.71 $0.00 $4,921.83 $877,882.50
196 $877,882.50 $2,478.71 $0.00 $4,963.68 $885,324.89
197 $885,324.89 $2,478.71 $0.00 $5,005.76 $892,809.36
198 $892,809.36 $2,478.71 $0.00 $5,048.07 $900,336.14
199 $900,336.14 $2,478.71 $0.00 $5,090.63 $907,905.48
200 $907,905.48 $2,478.71 $0.00 $5,133.43 $915,517.62
201 $915,517.62 $2,478.71 $0.00 $5,176.47 $923,172.80
202 $923,172.80 $2,478.71 $0.00 $5,219.75 $930,871.26
203 $930,871.26 $2,478.71 $0.00 $5,263.28 $938,613.25
204 $938,613.25 $2,478.71 $0.00 $5,307.06 $946,399.02
205 $946,399.02 $2,478.71 $0.00 $5,351.08 $954,228.81
206 $954,228.81 $2,478.71 $0.00 $5,395.35 $962,102.87
207 $962,102.87 $2,478.71 $0.00 $5,439.87 $970,021.45
208 $970,021.45 $2,478.71 $0.00 $5,484.64 $977,984.80
209 $977,984.80 $2,478.71 $0.00 $5,529.67 $985,993.18
210 $985,993.18 $2,478.71 $0.00 $5,574.95 $994,046.84
211 $994,046.84 $2,478.71 $0.00 $5,620.49 $1,002,146.04
212 $1,002,146.04 $2,478.71 $0.00 $5,666.28 $1,010,291.03
213 $1,010,291.03 $2,478.71 $0.00 $5,712.33 $1,018,482.07
214 $1,018,482.07 $2,478.71 $0.00 $5,758.65 $1,026,719.43
215 $1,026,719.43 $2,478.71 $0.00 $5,805.22 $1,035,003.36
216 $1,035,003.36 $2,478.71 $0.00 $5,852.06 $1,043,334.13
217 $1,043,334.13 $2,478.71 $282,555.58 $5,899.16 $769,156.42
218 $769,156.42 $2,478.71 $0.00 $4,348.92 $775,984.05
219 $775,984.05 $2,478.71 $0.00 $4,387.53 $782,850.29
220 $782,850.29 $2,478.71 $0.00 $4,426.35 $789,755.35
221 $789,755.35 $2,478.71 $0.00 $4,465.39 $796,699.45
222 $796,699.45 $2,478.71 $0.00 $4,504.65 $803,682.81
223 $803,682.81 $2,478.71 $0.00 $4,544.14 $810,705.66
224 $810,705.66 $2,478.71 $0.00 $4,583.85 $817,768.22
225 $817,768.22 $2,478.71 $0.00 $4,623.78 $824,870.71
226 $824,870.71 $2,478.71 $0.00 $4,663.94 $832,013.36
227 $832,013.36 $2,478.71 $0.00 $4,704.32 $839,196.39
228 $839,196.39 $2,478.71 $0.00 $4,744.94 $846,420.04
229 $846,420.04 $2,478.71 $302,334.47 $4,785.78 $551,350.06
230 $551,350.06 $2,478.71 $0.00 $3,117.41 $556,946.18
231 $556,946.18 $2,478.71 $0.00 $3,149.05 $562,573.94
232 $562,573.94 $2,478.71 $0.00 $3,180.87 $568,233.52
233 $568,233.52 $2,478.71 $0.00 $3,212.87 $573,925.10
234 $573,925.10 $2,478.71 $0.00 $3,245.06 $579,648.87
235 $579,648.87 $2,478.71 $0.00 $3,277.42 $585,405.00
236 $585,405.00 $2,478.71 $0.00 $3,309.96 $591,193.67
237 $591,193.67 $2,478.71 $0.00 $3,342.69 $597,015.07
238 $597,015.07 $2,478.71 $0.00 $3,375.61 $602,869.39
239 $602,869.39 $2,478.71 $0.00 $3,408.71 $608,756.81
240 $608,756.81 $2,478.71 $0.00 $3,442.00 $614,677.52
241 $614,677.52 $2,478.71 $323,497.88 $3,475.48 $297,133.83
242 $297,133.83 $2,478.71 $0.00 $1,680.04 $301,292.58
243 $301,292.58 $2,478.71 $0.00 $1,703.55 $305,474.84
244 $305,474.84 $2,478.71 $0.00 $1,727.20 $309,680.75
245 $309,680.75 $2,478.71 $0.00 $1,750.98 $313,910.44
246 $313,910.44 $2,478.71 $0.00 $1,774.90 $318,164.05
247 $318,164.05 $2,478.71 $0.00 $1,798.95 $322,441.71
248 $322,441.71 $2,478.71 $0.00 $1,823.13 $326,743.55
249 $326,743.55 $2,478.71 $0.00 $1,847.46 $331,069.72
250 $331,069.72 $2,478.71 $0.00 $1,871.92 $335,420.35
251 $335,420.35 $2,478.71 $0.00 $1,896.52 $339,795.58
252 $339,795.58 $2,478.71 $0.00 $1,921.25 $344,195.54
253 $344,195.54 $0.00 $346,142.73 $1,946.13 -$1.06