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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$178,675
Monthly savings required$1,414

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 $714,698.34 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,414.37 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$68,901.00
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 $1,414.37 $0.00 $0.00 $1,414.37
2 $1,414.37 $1,414.37 $0.00 $8.00 $2,836.74
3 $2,836.74 $1,414.37 $0.00 $16.04 $4,267.15
4 $4,267.15 $1,414.37 $0.00 $24.13 $5,705.65
5 $5,705.65 $1,414.37 $0.00 $32.26 $7,152.28
6 $7,152.28 $1,414.37 $0.00 $40.44 $8,607.09
7 $8,607.09 $1,414.37 $0.00 $48.67 $10,070.13
8 $10,070.13 $1,414.37 $0.00 $56.94 $11,541.44
9 $11,541.44 $1,414.37 $0.00 $65.26 $13,021.07
10 $13,021.07 $1,414.37 $0.00 $73.62 $14,509.06
11 $14,509.06 $1,414.37 $0.00 $82.04 $16,005.47
12 $16,005.47 $1,414.37 $0.00 $90.50 $17,510.34
13 $17,510.34 $1,414.37 $0.00 $99.01 $19,023.72
14 $19,023.72 $1,414.37 $0.00 $107.56 $20,545.65
15 $20,545.65 $1,414.37 $0.00 $116.17 $22,076.19
16 $22,076.19 $1,414.37 $0.00 $124.82 $23,615.38
17 $23,615.38 $1,414.37 $0.00 $133.52 $25,163.27
18 $25,163.27 $1,414.37 $0.00 $142.28 $26,719.92
19 $26,719.92 $1,414.37 $0.00 $151.08 $28,285.37
20 $28,285.37 $1,414.37 $0.00 $159.93 $29,859.67
21 $29,859.67 $1,414.37 $0.00 $168.83 $31,442.87
22 $31,442.87 $1,414.37 $0.00 $177.78 $33,035.02
23 $33,035.02 $1,414.37 $0.00 $186.78 $34,636.17
24 $34,636.17 $1,414.37 $0.00 $195.84 $36,246.38
25 $36,246.38 $1,414.37 $0.00 $204.94 $37,865.69
26 $37,865.69 $1,414.37 $0.00 $214.10 $39,494.16
27 $39,494.16 $1,414.37 $0.00 $223.31 $41,131.84
28 $41,131.84 $1,414.37 $0.00 $232.57 $42,778.78
29 $42,778.78 $1,414.37 $0.00 $241.88 $44,435.03
30 $44,435.03 $1,414.37 $0.00 $251.24 $46,100.64
31 $46,100.64 $1,414.37 $0.00 $260.66 $47,775.67
32 $47,775.67 $1,414.37 $0.00 $270.13 $49,460.17
33 $49,460.17 $1,414.37 $0.00 $279.65 $51,154.19
34 $51,154.19 $1,414.37 $0.00 $289.23 $52,857.79
35 $52,857.79 $1,414.37 $0.00 $298.87 $54,571.03
36 $54,571.03 $1,414.37 $0.00 $308.55 $56,293.95
37 $56,293.95 $1,414.37 $0.00 $318.29 $58,026.61
38 $58,026.61 $1,414.37 $0.00 $328.09 $59,769.07
39 $59,769.07 $1,414.37 $0.00 $337.94 $61,521.38
40 $61,521.38 $1,414.37 $0.00 $347.85 $63,283.60
41 $63,283.60 $1,414.37 $0.00 $357.81 $65,055.78
42 $65,055.78 $1,414.37 $0.00 $367.83 $66,837.98
43 $66,837.98 $1,414.37 $0.00 $377.91 $68,630.26
44 $68,630.26 $1,414.37 $0.00 $388.05 $70,432.68
45 $70,432.68 $1,414.37 $0.00 $398.24 $72,245.29
46 $72,245.29 $1,414.37 $0.00 $408.49 $74,068.15
47 $74,068.15 $1,414.37 $0.00 $418.79 $75,901.31
48 $75,901.31 $1,414.37 $0.00 $429.16 $77,744.84
49 $77,744.84 $1,414.37 $0.00 $439.58 $79,598.79
50 $79,598.79 $1,414.37 $0.00 $450.06 $81,463.22
51 $81,463.22 $1,414.37 $0.00 $460.60 $83,338.19
52 $83,338.19 $1,414.37 $0.00 $471.21 $85,223.77
53 $85,223.77 $1,414.37 $0.00 $481.87 $87,120.01
54 $87,120.01 $1,414.37 $0.00 $492.59 $89,026.97
55 $89,026.97 $1,414.37 $0.00 $503.37 $90,944.71
56 $90,944.71 $1,414.37 $0.00 $514.21 $92,873.29
57 $92,873.29 $1,414.37 $0.00 $525.12 $94,812.78
58 $94,812.78 $1,414.37 $0.00 $536.09 $96,763.24
59 $96,763.24 $1,414.37 $0.00 $547.11 $98,724.72
60 $98,724.72 $1,414.37 $0.00 $558.20 $100,697.29
61 $100,697.29 $1,414.37 $0.00 $569.36 $102,681.02
62 $102,681.02 $1,414.37 $0.00 $580.57 $104,675.96
63 $104,675.96 $1,414.37 $0.00 $591.85 $106,682.18
64 $106,682.18 $1,414.37 $0.00 $603.20 $108,699.75
65 $108,699.75 $1,414.37 $0.00 $614.60 $110,728.72
66 $110,728.72 $1,414.37 $0.00 $626.08 $112,769.17
67 $112,769.17 $1,414.37 $0.00 $637.61 $114,821.15
68 $114,821.15 $1,414.37 $0.00 $649.22 $116,884.74
69 $116,884.74 $1,414.37 $0.00 $660.88 $118,959.99
70 $118,959.99 $1,414.37 $0.00 $672.62 $121,046.98
71 $121,046.98 $1,414.37 $0.00 $684.42 $123,145.77
72 $123,145.77 $1,414.37 $0.00 $696.28 $125,256.42
73 $125,256.42 $1,414.37 $0.00 $708.22 $127,379.01
74 $127,379.01 $1,414.37 $0.00 $720.22 $129,513.60
75 $129,513.60 $1,414.37 $0.00 $732.29 $131,660.26
76 $131,660.26 $1,414.37 $0.00 $744.43 $133,819.06
77 $133,819.06 $1,414.37 $0.00 $756.63 $135,990.06
78 $135,990.06 $1,414.37 $0.00 $768.91 $138,173.34
79 $138,173.34 $1,414.37 $0.00 $781.25 $140,368.96
80 $140,368.96 $1,414.37 $0.00 $793.67 $142,577.00
81 $142,577.00 $1,414.37 $0.00 $806.15 $144,797.52
82 $144,797.52 $1,414.37 $0.00 $818.71 $147,030.60
83 $147,030.60 $1,414.37 $0.00 $831.33 $149,276.30
84 $149,276.30 $1,414.37 $0.00 $844.03 $151,534.70
85 $151,534.70 $1,414.37 $0.00 $856.80 $153,805.87
86 $153,805.87 $1,414.37 $0.00 $869.64 $156,089.88
87 $156,089.88 $1,414.37 $0.00 $882.55 $158,386.80
88 $158,386.80 $1,414.37 $0.00 $895.54 $160,696.71
89 $160,696.71 $1,414.37 $0.00 $908.60 $163,019.68
90 $163,019.68 $1,414.37 $0.00 $921.74 $165,355.79
91 $165,355.79 $1,414.37 $0.00 $934.95 $167,705.11
92 $167,705.11 $1,414.37 $0.00 $948.23 $170,067.71
93 $170,067.71 $1,414.37 $0.00 $961.59 $172,443.67
94 $172,443.67 $1,414.37 $0.00 $975.02 $174,833.06
95 $174,833.06 $1,414.37 $0.00 $988.53 $177,235.96
96 $177,235.96 $1,414.37 $0.00 $1,002.12 $179,652.45
97 $179,652.45 $1,414.37 $0.00 $1,015.78 $182,082.60
98 $182,082.60 $1,414.37 $0.00 $1,029.52 $184,526.49
99 $184,526.49 $1,414.37 $0.00 $1,043.34 $186,984.20
100 $186,984.20 $1,414.37 $0.00 $1,057.24 $189,455.81
101 $189,455.81 $1,414.37 $0.00 $1,071.21 $191,941.39
102 $191,941.39 $1,414.37 $0.00 $1,085.26 $194,441.02
103 $194,441.02 $1,414.37 $0.00 $1,099.40 $196,954.79
104 $196,954.79 $1,414.37 $0.00 $1,113.61 $199,482.77
105 $199,482.77 $1,414.37 $0.00 $1,127.90 $202,025.04
106 $202,025.04 $1,414.37 $0.00 $1,142.28 $204,581.69
107 $204,581.69 $1,414.37 $0.00 $1,156.73 $207,152.79
108 $207,152.79 $1,414.37 $0.00 $1,171.27 $209,738.43
109 $209,738.43 $1,414.37 $0.00 $1,185.89 $212,338.69
110 $212,338.69 $1,414.37 $0.00 $1,200.59 $214,953.65
111 $214,953.65 $1,414.37 $0.00 $1,215.38 $217,583.40
112 $217,583.40 $1,414.37 $0.00 $1,230.25 $220,228.02
113 $220,228.02 $1,414.37 $0.00 $1,245.20 $222,887.59
114 $222,887.59 $1,414.37 $0.00 $1,260.24 $225,562.20
115 $225,562.20 $1,414.37 $0.00 $1,275.36 $228,251.93
116 $228,251.93 $1,414.37 $0.00 $1,290.57 $230,956.87
117 $230,956.87 $1,414.37 $0.00 $1,305.86 $233,677.10
118 $233,677.10 $1,414.37 $0.00 $1,321.24 $236,412.71
119 $236,412.71 $1,414.37 $0.00 $1,336.71 $239,163.79
120 $239,163.79 $1,414.37 $0.00 $1,352.27 $241,930.43
121 $241,930.43 $1,414.37 $0.00 $1,367.91 $244,712.71
122 $244,712.71 $1,414.37 $0.00 $1,383.64 $247,510.72
123 $247,510.72 $1,414.37 $0.00 $1,399.46 $250,324.55
124 $250,324.55 $1,414.37 $0.00 $1,415.37 $253,154.29
125 $253,154.29 $1,414.37 $0.00 $1,431.37 $256,000.03
126 $256,000.03 $1,414.37 $0.00 $1,447.46 $258,861.86
127 $258,861.86 $1,414.37 $0.00 $1,463.64 $261,739.87
128 $261,739.87 $1,414.37 $0.00 $1,479.92 $264,634.16
129 $264,634.16 $1,414.37 $0.00 $1,496.28 $267,544.81
130 $267,544.81 $1,414.37 $0.00 $1,512.74 $270,471.92
131 $270,471.92 $1,414.37 $0.00 $1,529.29 $273,415.58
132 $273,415.58 $1,414.37 $0.00 $1,545.93 $276,375.88
133 $276,375.88 $1,414.37 $0.00 $1,562.67 $279,352.92
134 $279,352.92 $1,414.37 $0.00 $1,579.50 $282,346.79
135 $282,346.79 $1,414.37 $0.00 $1,596.43 $285,357.59
136 $285,357.59 $1,414.37 $0.00 $1,613.45 $288,385.41
137 $288,385.41 $1,414.37 $0.00 $1,630.57 $291,430.35
138 $291,430.35 $1,414.37 $0.00 $1,647.79 $294,492.51
139 $294,492.51 $1,414.37 $0.00 $1,665.10 $297,571.98
140 $297,571.98 $1,414.37 $0.00 $1,682.52 $300,668.87
141 $300,668.87 $1,414.37 $0.00 $1,700.03 $303,783.27
142 $303,783.27 $1,414.37 $0.00 $1,717.63 $306,915.27
143 $306,915.27 $1,414.37 $0.00 $1,735.34 $310,064.98
144 $310,064.98 $1,414.37 $0.00 $1,753.15 $313,232.50
145 $313,232.50 $1,414.37 $0.00 $1,771.06 $316,417.93
146 $316,417.93 $1,414.37 $0.00 $1,789.07 $319,621.37
147 $319,621.37 $1,414.37 $0.00 $1,807.19 $322,842.93
148 $322,842.93 $1,414.37 $0.00 $1,825.40 $326,082.70
149 $326,082.70 $1,414.37 $0.00 $1,843.72 $329,340.79
150 $329,340.79 $1,414.37 $0.00 $1,862.14 $332,617.30
151 $332,617.30 $1,414.37 $0.00 $1,880.67 $335,912.34
152 $335,912.34 $1,414.37 $0.00 $1,899.30 $339,226.01
153 $339,226.01 $1,414.37 $0.00 $1,918.03 $342,558.41
154 $342,558.41 $1,414.37 $0.00 $1,936.88 $345,909.66
155 $345,909.66 $1,414.37 $0.00 $1,955.82 $349,279.85
156 $349,279.85 $1,414.37 $0.00 $1,974.88 $352,669.10
157 $352,669.10 $1,414.37 $0.00 $1,994.04 $356,077.51
158 $356,077.51 $1,414.37 $0.00 $2,013.31 $359,505.19
159 $359,505.19 $1,414.37 $0.00 $2,032.69 $362,952.25
160 $362,952.25 $1,414.37 $0.00 $2,052.18 $366,418.80
161 $366,418.80 $1,414.37 $0.00 $2,071.79 $369,904.96
162 $369,904.96 $1,414.37 $0.00 $2,091.50 $373,410.83
163 $373,410.83 $1,414.37 $0.00 $2,111.32 $376,936.52
164 $376,936.52 $1,414.37 $0.00 $2,131.25 $380,482.14
165 $380,482.14 $1,414.37 $0.00 $2,151.30 $384,047.81
166 $384,047.81 $1,414.37 $0.00 $2,171.46 $387,633.64
167 $387,633.64 $1,414.37 $0.00 $2,191.74 $391,239.75
168 $391,239.75 $1,414.37 $0.00 $2,212.13 $394,866.25
169 $394,866.25 $1,414.37 $0.00 $2,232.63 $398,513.25
170 $398,513.25 $1,414.37 $0.00 $2,253.25 $402,180.87
171 $402,180.87 $1,414.37 $0.00 $2,273.99 $405,869.23
172 $405,869.23 $1,414.37 $0.00 $2,294.84 $409,578.44
173 $409,578.44 $1,414.37 $0.00 $2,315.82 $413,308.63
174 $413,308.63 $1,414.37 $0.00 $2,336.91 $417,059.91
175 $417,059.91 $1,414.37 $0.00 $2,358.12 $420,832.40
176 $420,832.40 $1,414.37 $0.00 $2,379.45 $424,626.22
177 $424,626.22 $1,414.37 $0.00 $2,400.90 $428,441.49
178 $428,441.49 $1,414.37 $0.00 $2,422.47 $432,278.33
179 $432,278.33 $1,414.37 $0.00 $2,444.16 $436,136.86
180 $436,136.86 $1,414.37 $0.00 $2,465.98 $440,017.21
181 $440,017.21 $1,414.37 $0.00 $2,487.92 $443,919.50
182 $443,919.50 $1,414.37 $0.00 $2,509.99 $447,843.86
183 $447,843.86 $1,414.37 $0.00 $2,532.17 $451,790.40
184 $451,790.40 $1,414.37 $0.00 $2,554.49 $455,759.26
185 $455,759.26 $1,414.37 $0.00 $2,576.93 $459,750.56
186 $459,750.56 $1,414.37 $0.00 $2,599.50 $463,764.43
187 $463,764.43 $1,414.37 $0.00 $2,622.19 $467,800.99
188 $467,800.99 $1,414.37 $0.00 $2,645.01 $471,860.37
189 $471,860.37 $1,414.37 $0.00 $2,667.97 $475,942.71
190 $475,942.71 $1,414.37 $0.00 $2,691.05 $480,048.13
191 $480,048.13 $1,414.37 $0.00 $2,714.26 $484,176.76
192 $484,176.76 $1,414.37 $0.00 $2,737.61 $488,328.74
193 $488,328.74 $1,414.37 $0.00 $2,761.08 $492,504.19
194 $492,504.19 $1,414.37 $0.00 $2,784.69 $496,703.25
195 $496,703.25 $1,414.37 $0.00 $2,808.43 $500,926.05
196 $500,926.05 $1,414.37 $0.00 $2,832.31 $505,172.73
197 $505,172.73 $1,414.37 $0.00 $2,856.32 $509,443.42
198 $509,443.42 $1,414.37 $0.00 $2,880.47 $513,738.26
199 $513,738.26 $1,414.37 $0.00 $2,904.75 $518,057.38
200 $518,057.38 $1,414.37 $0.00 $2,929.17 $522,400.92
201 $522,400.92 $1,414.37 $0.00 $2,953.73 $526,769.02
202 $526,769.02 $1,414.37 $0.00 $2,978.43 $531,161.82
203 $531,161.82 $1,414.37 $0.00 $3,003.27 $535,579.46
204 $535,579.46 $1,414.37 $0.00 $3,028.24 $540,022.07
205 $540,022.07 $1,414.37 $0.00 $3,053.36 $544,489.80
206 $544,489.80 $1,414.37 $0.00 $3,078.62 $548,982.79
207 $548,982.79 $1,414.37 $0.00 $3,104.03 $553,501.19
208 $553,501.19 $1,414.37 $0.00 $3,129.58 $558,045.14
209 $558,045.14 $1,414.37 $0.00 $3,155.27 $562,614.78
210 $562,614.78 $1,414.37 $0.00 $3,181.11 $567,210.26
211 $567,210.26 $1,414.37 $0.00 $3,207.09 $571,831.72
212 $571,831.72 $1,414.37 $0.00 $3,233.22 $576,479.31
213 $576,479.31 $1,414.37 $0.00 $3,259.50 $581,153.18
214 $581,153.18 $1,414.37 $0.00 $3,285.92 $585,853.47
215 $585,853.47 $1,414.37 $0.00 $3,312.50 $590,580.34
216 $590,580.34 $1,414.37 $0.00 $3,339.23 $595,333.94
217 $595,333.94 $1,414.37 $165,818.47 $3,366.10 $434,295.94
218 $434,295.94 $1,414.37 $0.00 $2,455.57 $438,165.88
219 $438,165.88 $1,414.37 $0.00 $2,477.45 $442,057.70
220 $442,057.70 $1,414.37 $0.00 $2,499.46 $445,971.53
221 $445,971.53 $1,414.37 $0.00 $2,521.59 $449,907.49
222 $449,907.49 $1,414.37 $0.00 $2,543.84 $453,865.70
223 $453,865.70 $1,414.37 $0.00 $2,566.22 $457,846.29
224 $457,846.29 $1,414.37 $0.00 $2,588.73 $461,849.39
225 $461,849.39 $1,414.37 $0.00 $2,611.36 $465,875.12
226 $465,875.12 $1,414.37 $0.00 $2,634.13 $469,923.62
227 $469,923.62 $1,414.37 $0.00 $2,657.02 $473,995.01
228 $473,995.01 $1,414.37 $0.00 $2,680.04 $478,089.42
229 $478,089.42 $1,414.37 $174,109.40 $2,703.19 $308,097.58
230 $308,097.58 $1,414.37 $0.00 $1,742.03 $311,253.98
231 $311,253.98 $1,414.37 $0.00 $1,759.88 $314,428.23
232 $314,428.23 $1,414.37 $0.00 $1,777.82 $317,620.42
233 $317,620.42 $1,414.37 $0.00 $1,795.87 $320,830.66
234 $320,830.66 $1,414.37 $0.00 $1,814.02 $324,059.05
235 $324,059.05 $1,414.37 $0.00 $1,832.28 $327,305.70
236 $327,305.70 $1,414.37 $0.00 $1,850.63 $330,570.70
237 $330,570.70 $1,414.37 $0.00 $1,869.09 $333,854.16
238 $333,854.16 $1,414.37 $0.00 $1,887.66 $337,156.19
239 $337,156.19 $1,414.37 $0.00 $1,906.33 $340,476.89
240 $340,476.89 $1,414.37 $0.00 $1,925.11 $343,816.37
241 $343,816.37 $1,414.37 $182,814.87 $1,943.99 $164,359.86
242 $164,359.86 $1,414.37 $0.00 $929.31 $166,703.54
243 $166,703.54 $1,414.37 $0.00 $942.57 $169,060.48
244 $169,060.48 $1,414.37 $0.00 $955.89 $171,430.74
245 $171,430.74 $1,414.37 $0.00 $969.29 $173,814.40
246 $173,814.40 $1,414.37 $0.00 $982.77 $176,211.54
247 $176,211.54 $1,414.37 $0.00 $996.33 $178,622.24
248 $178,622.24 $1,414.37 $0.00 $1,009.96 $181,046.57
249 $181,046.57 $1,414.37 $0.00 $1,023.66 $183,484.60
250 $183,484.60 $1,414.37 $0.00 $1,037.45 $185,936.42
251 $185,936.42 $1,414.37 $0.00 $1,051.31 $188,402.10
252 $188,402.10 $1,414.37 $0.00 $1,065.25 $190,881.72
253 $190,881.72 $0.00 $191,955.61 $1,079.27 $5.38