Savings Plan and Future Cost Estimation for Claremont McKenna College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$308,114
Monthly savings required$2,435

How much will it cost to send your child to Claremont McKenna College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $1,232,455.80 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $2,435.09 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$82,127.00
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 $2,435.09 $0.00 $0.00 $2,435.09
2 $2,435.09 $2,435.09 $0.00 $13.77 $4,883.95
3 $4,883.95 $2,435.09 $0.00 $27.61 $7,346.65
4 $7,346.65 $2,435.09 $0.00 $41.54 $9,823.28
5 $9,823.28 $2,435.09 $0.00 $55.54 $12,313.91
6 $12,313.91 $2,435.09 $0.00 $69.62 $14,818.62
7 $14,818.62 $2,435.09 $0.00 $83.79 $17,337.50
8 $17,337.50 $2,435.09 $0.00 $98.03 $19,870.62
9 $19,870.62 $2,435.09 $0.00 $112.35 $22,418.06
10 $22,418.06 $2,435.09 $0.00 $126.75 $24,979.90
11 $24,979.90 $2,435.09 $0.00 $141.24 $27,556.23
12 $27,556.23 $2,435.09 $0.00 $155.81 $30,147.13
13 $30,147.13 $2,435.09 $0.00 $170.46 $32,752.68
14 $32,752.68 $2,435.09 $0.00 $185.19 $35,372.96
15 $35,372.96 $2,435.09 $0.00 $200.00 $38,008.05
16 $38,008.05 $2,435.09 $0.00 $214.90 $40,658.04
17 $40,658.04 $2,435.09 $0.00 $229.89 $43,323.02
18 $43,323.02 $2,435.09 $0.00 $244.95 $46,003.06
19 $46,003.06 $2,435.09 $0.00 $260.11 $48,698.26
20 $48,698.26 $2,435.09 $0.00 $275.35 $51,408.70
21 $51,408.70 $2,435.09 $0.00 $290.67 $54,134.46
22 $54,134.46 $2,435.09 $0.00 $306.08 $56,875.63
23 $56,875.63 $2,435.09 $0.00 $321.58 $59,632.30
24 $59,632.30 $2,435.09 $0.00 $337.17 $62,404.56
25 $62,404.56 $2,435.09 $0.00 $352.84 $65,192.49
26 $65,192.49 $2,435.09 $0.00 $368.61 $67,996.19
27 $67,996.19 $2,435.09 $0.00 $384.46 $70,815.74
28 $70,815.74 $2,435.09 $0.00 $400.40 $73,651.23
29 $73,651.23 $2,435.09 $0.00 $416.43 $76,502.75
30 $76,502.75 $2,435.09 $0.00 $432.56 $79,370.40
31 $79,370.40 $2,435.09 $0.00 $448.77 $82,254.26
32 $82,254.26 $2,435.09 $0.00 $465.08 $85,154.43
33 $85,154.43 $2,435.09 $0.00 $481.48 $88,071.00
34 $88,071.00 $2,435.09 $0.00 $497.97 $91,004.06
35 $91,004.06 $2,435.09 $0.00 $514.55 $93,953.70
36 $93,953.70 $2,435.09 $0.00 $531.23 $96,920.02
37 $96,920.02 $2,435.09 $0.00 $548.00 $99,903.11
38 $99,903.11 $2,435.09 $0.00 $564.87 $102,903.07
39 $102,903.07 $2,435.09 $0.00 $581.83 $105,919.99
40 $105,919.99 $2,435.09 $0.00 $598.89 $108,953.97
41 $108,953.97 $2,435.09 $0.00 $616.04 $112,005.10
42 $112,005.10 $2,435.09 $0.00 $633.29 $115,073.48
43 $115,073.48 $2,435.09 $0.00 $650.64 $118,159.21
44 $118,159.21 $2,435.09 $0.00 $668.09 $121,262.39
45 $121,262.39 $2,435.09 $0.00 $685.64 $124,383.12
46 $124,383.12 $2,435.09 $0.00 $703.28 $127,521.49
47 $127,521.49 $2,435.09 $0.00 $721.03 $130,677.61
48 $130,677.61 $2,435.09 $0.00 $738.87 $133,851.57
49 $133,851.57 $2,435.09 $0.00 $756.82 $137,043.48
50 $137,043.48 $2,435.09 $0.00 $774.86 $140,253.43
51 $140,253.43 $2,435.09 $0.00 $793.01 $143,481.53
52 $143,481.53 $2,435.09 $0.00 $811.27 $146,727.89
53 $146,727.89 $2,435.09 $0.00 $829.62 $149,992.60
54 $149,992.60 $2,435.09 $0.00 $848.08 $153,275.77
55 $153,275.77 $2,435.09 $0.00 $866.64 $156,577.50
56 $156,577.50 $2,435.09 $0.00 $885.31 $159,897.90
57 $159,897.90 $2,435.09 $0.00 $904.09 $163,237.08
58 $163,237.08 $2,435.09 $0.00 $922.97 $166,595.14
59 $166,595.14 $2,435.09 $0.00 $941.95 $169,972.18
60 $169,972.18 $2,435.09 $0.00 $961.05 $173,368.32
61 $173,368.32 $2,435.09 $0.00 $980.25 $176,783.66
62 $176,783.66 $2,435.09 $0.00 $999.56 $180,218.31
63 $180,218.31 $2,435.09 $0.00 $1,018.98 $183,672.38
64 $183,672.38 $2,435.09 $0.00 $1,038.51 $187,145.98
65 $187,145.98 $2,435.09 $0.00 $1,058.15 $190,639.22
66 $190,639.22 $2,435.09 $0.00 $1,077.90 $194,152.21
67 $194,152.21 $2,435.09 $0.00 $1,097.76 $197,685.06
68 $197,685.06 $2,435.09 $0.00 $1,117.74 $201,237.89
69 $201,237.89 $2,435.09 $0.00 $1,137.83 $204,810.81
70 $204,810.81 $2,435.09 $0.00 $1,158.03 $208,403.93
71 $208,403.93 $2,435.09 $0.00 $1,178.35 $212,017.37
72 $212,017.37 $2,435.09 $0.00 $1,198.78 $215,651.24
73 $215,651.24 $2,435.09 $0.00 $1,219.32 $219,305.65
74 $219,305.65 $2,435.09 $0.00 $1,239.99 $222,980.73
75 $222,980.73 $2,435.09 $0.00 $1,260.77 $226,676.59
76 $226,676.59 $2,435.09 $0.00 $1,281.66 $230,393.34
77 $230,393.34 $2,435.09 $0.00 $1,302.68 $234,131.11
78 $234,131.11 $2,435.09 $0.00 $1,323.81 $237,890.01
79 $237,890.01 $2,435.09 $0.00 $1,345.06 $241,670.16
80 $241,670.16 $2,435.09 $0.00 $1,366.44 $245,471.69
81 $245,471.69 $2,435.09 $0.00 $1,387.93 $249,294.71
82 $249,294.71 $2,435.09 $0.00 $1,409.55 $253,139.35
83 $253,139.35 $2,435.09 $0.00 $1,431.29 $257,005.73
84 $257,005.73 $2,435.09 $0.00 $1,453.15 $260,893.97
85 $260,893.97 $2,435.09 $0.00 $1,475.13 $264,804.19
86 $264,804.19 $2,435.09 $0.00 $1,497.24 $268,736.52
87 $268,736.52 $2,435.09 $0.00 $1,519.48 $272,691.09
88 $272,691.09 $2,435.09 $0.00 $1,541.84 $276,668.02
89 $276,668.02 $2,435.09 $0.00 $1,564.32 $280,667.43
90 $280,667.43 $2,435.09 $0.00 $1,586.93 $284,689.45
91 $284,689.45 $2,435.09 $0.00 $1,609.68 $288,734.22
92 $288,734.22 $2,435.09 $0.00 $1,632.55 $292,801.86
93 $292,801.86 $2,435.09 $0.00 $1,655.54 $296,892.49
94 $296,892.49 $2,435.09 $0.00 $1,678.67 $301,006.25
95 $301,006.25 $2,435.09 $0.00 $1,701.93 $305,143.27
96 $305,143.27 $2,435.09 $0.00 $1,725.32 $309,303.68
97 $309,303.68 $2,435.09 $0.00 $1,748.85 $313,487.62
98 $313,487.62 $2,435.09 $0.00 $1,772.50 $317,695.21
99 $317,695.21 $2,435.09 $0.00 $1,796.29 $321,926.59
100 $321,926.59 $2,435.09 $0.00 $1,820.22 $326,181.90
101 $326,181.90 $2,435.09 $0.00 $1,844.28 $330,461.27
102 $330,461.27 $2,435.09 $0.00 $1,868.48 $334,764.84
103 $334,764.84 $2,435.09 $0.00 $1,892.81 $339,092.74
104 $339,092.74 $2,435.09 $0.00 $1,917.28 $343,445.11
105 $343,445.11 $2,435.09 $0.00 $1,941.89 $347,822.09
106 $347,822.09 $2,435.09 $0.00 $1,966.64 $352,223.82
107 $352,223.82 $2,435.09 $0.00 $1,991.52 $356,650.43
108 $356,650.43 $2,435.09 $0.00 $2,016.55 $361,102.07
109 $361,102.07 $2,435.09 $0.00 $2,041.72 $365,578.88
110 $365,578.88 $2,435.09 $0.00 $2,067.04 $370,081.01
111 $370,081.01 $2,435.09 $0.00 $2,092.49 $374,608.59
112 $374,608.59 $2,435.09 $0.00 $2,118.09 $379,161.77
113 $379,161.77 $2,435.09 $0.00 $2,143.84 $383,740.70
114 $383,740.70 $2,435.09 $0.00 $2,169.73 $388,345.52
115 $388,345.52 $2,435.09 $0.00 $2,195.76 $392,976.37
116 $392,976.37 $2,435.09 $0.00 $2,221.95 $397,633.41
117 $397,633.41 $2,435.09 $0.00 $2,248.28 $402,316.78
118 $402,316.78 $2,435.09 $0.00 $2,274.76 $407,026.63
119 $407,026.63 $2,435.09 $0.00 $2,301.39 $411,763.11
120 $411,763.11 $2,435.09 $0.00 $2,328.17 $416,526.37
121 $416,526.37 $2,435.09 $0.00 $2,355.10 $421,316.56
122 $421,316.56 $2,435.09 $0.00 $2,382.19 $426,133.84
123 $426,133.84 $2,435.09 $0.00 $2,409.42 $430,978.35
124 $430,978.35 $2,435.09 $0.00 $2,436.81 $435,850.25
125 $435,850.25 $2,435.09 $0.00 $2,464.36 $440,749.70
126 $440,749.70 $2,435.09 $0.00 $2,492.06 $445,676.85
127 $445,676.85 $2,435.09 $0.00 $2,519.92 $450,631.86
128 $450,631.86 $2,435.09 $0.00 $2,547.94 $455,614.89
129 $455,614.89 $2,435.09 $0.00 $2,576.11 $460,626.09
130 $460,626.09 $2,435.09 $0.00 $2,604.45 $465,665.63
131 $465,665.63 $2,435.09 $0.00 $2,632.94 $470,733.66
132 $470,733.66 $2,435.09 $0.00 $2,661.60 $475,830.35
133 $475,830.35 $2,435.09 $0.00 $2,690.41 $480,955.85
134 $480,955.85 $2,435.09 $0.00 $2,719.39 $486,110.33
135 $486,110.33 $2,435.09 $0.00 $2,748.54 $491,293.96
136 $491,293.96 $2,435.09 $0.00 $2,777.85 $496,506.90
137 $496,506.90 $2,435.09 $0.00 $2,807.32 $501,749.31
138 $501,749.31 $2,435.09 $0.00 $2,836.96 $507,021.36
139 $507,021.36 $2,435.09 $0.00 $2,866.77 $512,323.22
140 $512,323.22 $2,435.09 $0.00 $2,896.75 $517,655.06
141 $517,655.06 $2,435.09 $0.00 $2,926.90 $523,017.05
142 $523,017.05 $2,435.09 $0.00 $2,957.21 $528,409.35
143 $528,409.35 $2,435.09 $0.00 $2,987.70 $533,832.14
144 $533,832.14 $2,435.09 $0.00 $3,018.36 $539,285.59
145 $539,285.59 $2,435.09 $0.00 $3,049.20 $544,769.88
146 $544,769.88 $2,435.09 $0.00 $3,080.21 $550,285.18
147 $550,285.18 $2,435.09 $0.00 $3,111.39 $555,831.66
148 $555,831.66 $2,435.09 $0.00 $3,142.75 $561,409.50
149 $561,409.50 $2,435.09 $0.00 $3,174.29 $567,018.88
150 $567,018.88 $2,435.09 $0.00 $3,206.01 $572,659.98
151 $572,659.98 $2,435.09 $0.00 $3,237.90 $578,332.97
152 $578,332.97 $2,435.09 $0.00 $3,269.98 $584,038.04
153 $584,038.04 $2,435.09 $0.00 $3,302.24 $589,775.37
154 $589,775.37 $2,435.09 $0.00 $3,334.68 $595,545.14
155 $595,545.14 $2,435.09 $0.00 $3,367.30 $601,347.53
156 $601,347.53 $2,435.09 $0.00 $3,400.11 $607,182.73
157 $607,182.73 $2,435.09 $0.00 $3,433.10 $613,050.92
158 $613,050.92 $2,435.09 $0.00 $3,466.28 $618,952.29
159 $618,952.29 $2,435.09 $0.00 $3,499.65 $624,887.03
160 $624,887.03 $2,435.09 $0.00 $3,533.20 $630,855.32
161 $630,855.32 $2,435.09 $0.00 $3,566.95 $636,857.36
162 $636,857.36 $2,435.09 $0.00 $3,600.88 $642,893.33
163 $642,893.33 $2,435.09 $0.00 $3,635.01 $648,963.43
164 $648,963.43 $2,435.09 $0.00 $3,669.33 $655,067.85
165 $655,067.85 $2,435.09 $0.00 $3,703.85 $661,206.79
166 $661,206.79 $2,435.09 $0.00 $3,738.56 $667,380.44
167 $667,380.44 $2,435.09 $0.00 $3,773.47 $673,589.00
168 $673,589.00 $2,435.09 $0.00 $3,808.57 $679,832.66
169 $679,832.66 $2,435.09 $0.00 $3,843.87 $686,111.62
170 $686,111.62 $2,435.09 $0.00 $3,879.37 $692,426.08
171 $692,426.08 $2,435.09 $0.00 $3,915.08 $698,776.25
172 $698,776.25 $2,435.09 $0.00 $3,950.98 $705,162.32
173 $705,162.32 $2,435.09 $0.00 $3,987.09 $711,584.50
174 $711,584.50 $2,435.09 $0.00 $4,023.40 $718,042.99
175 $718,042.99 $2,435.09 $0.00 $4,059.92 $724,538.00
176 $724,538.00 $2,435.09 $0.00 $4,096.64 $731,069.73
177 $731,069.73 $2,435.09 $0.00 $4,133.57 $737,638.39
178 $737,638.39 $2,435.09 $0.00 $4,170.71 $744,244.19
179 $744,244.19 $2,435.09 $0.00 $4,208.06 $750,887.34
180 $750,887.34 $2,435.09 $0.00 $4,245.63 $757,568.06
181 $757,568.06 $2,435.09 $0.00 $4,283.40 $764,286.55
182 $764,286.55 $2,435.09 $0.00 $4,321.39 $771,043.03
183 $771,043.03 $2,435.09 $0.00 $4,359.59 $777,837.71
184 $777,837.71 $2,435.09 $0.00 $4,398.01 $784,670.81
185 $784,670.81 $2,435.09 $0.00 $4,436.64 $791,542.54
186 $791,542.54 $2,435.09 $0.00 $4,475.50 $798,453.13
187 $798,453.13 $2,435.09 $0.00 $4,514.57 $805,402.79
188 $805,402.79 $2,435.09 $0.00 $4,553.86 $812,391.74
189 $812,391.74 $2,435.09 $0.00 $4,593.38 $819,420.21
190 $819,420.21 $2,435.09 $0.00 $4,633.12 $826,488.42
191 $826,488.42 $2,435.09 $0.00 $4,673.09 $833,596.60
192 $833,596.60 $2,435.09 $0.00 $4,713.28 $840,744.97
193 $840,744.97 $2,435.09 $0.00 $4,753.69 $847,933.75
194 $847,933.75 $2,435.09 $0.00 $4,794.34 $855,163.18
195 $855,163.18 $2,435.09 $0.00 $4,835.22 $862,433.49
196 $862,433.49 $2,435.09 $0.00 $4,876.32 $869,744.90
197 $869,744.90 $2,435.09 $0.00 $4,917.66 $877,097.65
198 $877,097.65 $2,435.09 $0.00 $4,959.24 $884,491.98
199 $884,491.98 $2,435.09 $0.00 $5,001.05 $891,928.12
200 $891,928.12 $2,435.09 $0.00 $5,043.09 $899,406.30
201 $899,406.30 $2,435.09 $0.00 $5,085.37 $906,926.76
202 $906,926.76 $2,435.09 $0.00 $5,127.90 $914,489.75
203 $914,489.75 $2,435.09 $0.00 $5,170.66 $922,095.50
204 $922,095.50 $2,435.09 $0.00 $5,213.66 $929,744.25
205 $929,744.25 $2,435.09 $0.00 $5,256.91 $937,436.25
206 $937,436.25 $2,435.09 $0.00 $5,300.40 $945,171.74
207 $945,171.74 $2,435.09 $0.00 $5,344.14 $952,950.97
208 $952,950.97 $2,435.09 $0.00 $5,388.12 $960,774.18
209 $960,774.18 $2,435.09 $0.00 $5,432.36 $968,641.63
210 $968,641.63 $2,435.09 $0.00 $5,476.84 $976,553.56
211 $976,553.56 $2,435.09 $0.00 $5,521.58 $984,510.23
212 $984,510.23 $2,435.09 $0.00 $5,566.56 $992,511.88
213 $992,511.88 $2,435.09 $0.00 $5,611.81 $1,000,558.78
214 $1,000,558.78 $2,435.09 $0.00 $5,657.30 $1,008,651.17
215 $1,008,651.17 $2,435.09 $0.00 $5,703.06 $1,016,789.32
216 $1,016,789.32 $2,435.09 $0.00 $5,749.07 $1,024,973.48
217 $1,024,973.48 $2,435.09 $277,583.70 $5,795.35 $755,620.22
218 $755,620.22 $2,435.09 $0.00 $4,272.39 $762,327.70
219 $762,327.70 $2,435.09 $0.00 $4,310.31 $769,073.10
220 $769,073.10 $2,435.09 $0.00 $4,348.45 $775,856.64
221 $775,856.64 $2,435.09 $0.00 $4,386.81 $782,678.54
222 $782,678.54 $2,435.09 $0.00 $4,425.38 $789,539.01
223 $789,539.01 $2,435.09 $0.00 $4,464.17 $796,438.27
224 $796,438.27 $2,435.09 $0.00 $4,503.18 $803,376.54
225 $803,376.54 $2,435.09 $0.00 $4,542.41 $810,354.04
226 $810,354.04 $2,435.09 $0.00 $4,581.86 $817,370.99
227 $817,370.99 $2,435.09 $0.00 $4,621.53 $824,427.61
228 $824,427.61 $2,435.09 $0.00 $4,661.43 $831,524.13
229 $831,524.13 $2,435.09 $297,014.56 $4,701.56 $541,646.22
230 $541,646.22 $2,435.09 $0.00 $3,062.55 $547,143.86
231 $547,143.86 $2,435.09 $0.00 $3,093.63 $552,672.58
232 $552,672.58 $2,435.09 $0.00 $3,124.89 $558,232.56
233 $558,232.56 $2,435.09 $0.00 $3,156.33 $563,823.98
234 $563,823.98 $2,435.09 $0.00 $3,187.94 $569,447.01
235 $569,447.01 $2,435.09 $0.00 $3,219.74 $575,101.84
236 $575,101.84 $2,435.09 $0.00 $3,251.71 $580,788.64
237 $580,788.64 $2,435.09 $0.00 $3,283.86 $586,507.59
238 $586,507.59 $2,435.09 $0.00 $3,316.20 $592,258.88
239 $592,258.88 $2,435.09 $0.00 $3,348.72 $598,042.69
240 $598,042.69 $2,435.09 $0.00 $3,381.42 $603,859.20
241 $603,859.20 $2,435.09 $317,805.58 $3,414.31 $291,903.02
242 $291,903.02 $2,435.09 $0.00 $1,650.46 $295,988.57
243 $295,988.57 $2,435.09 $0.00 $1,673.56 $300,097.22
244 $300,097.22 $2,435.09 $0.00 $1,696.79 $304,229.10
245 $304,229.10 $2,435.09 $0.00 $1,720.16 $308,384.35
246 $308,384.35 $2,435.09 $0.00 $1,743.65 $312,563.09
247 $312,563.09 $2,435.09 $0.00 $1,767.28 $316,765.46
248 $316,765.46 $2,435.09 $0.00 $1,791.04 $320,991.59
249 $320,991.59 $2,435.09 $0.00 $1,814.93 $325,241.61
250 $325,241.61 $2,435.09 $0.00 $1,838.96 $329,515.66
251 $329,515.66 $2,435.09 $0.00 $1,863.13 $333,813.88
252 $333,813.88 $2,435.09 $0.00 $1,887.43 $338,136.40
253 $338,136.40 $0.00 $340,051.97 $1,911.87 -$3.70