Savings Plan and Future Cost Estimation for Menlo College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$265,022
Monthly savings required$2,095

How much will it cost to send your child to Menlo College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $1,060,088.76 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $2,094.53 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$70,641.00
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 $2,094.53 $0.00 $0.00 $2,094.53
2 $2,094.53 $2,094.53 $0.00 $11.84 $4,200.90
3 $4,200.90 $2,094.53 $0.00 $23.75 $6,319.18
4 $6,319.18 $2,094.53 $0.00 $35.73 $8,449.44
5 $8,449.44 $2,094.53 $0.00 $47.77 $10,591.74
6 $10,591.74 $2,094.53 $0.00 $59.89 $12,746.16
7 $12,746.16 $2,094.53 $0.00 $72.07 $14,912.76
8 $14,912.76 $2,094.53 $0.00 $84.32 $17,091.61
9 $17,091.61 $2,094.53 $0.00 $96.64 $19,282.78
10 $19,282.78 $2,094.53 $0.00 $109.03 $21,486.34
11 $21,486.34 $2,094.53 $0.00 $121.49 $23,702.36
12 $23,702.36 $2,094.53 $0.00 $134.02 $25,930.91
13 $25,930.91 $2,094.53 $0.00 $146.62 $28,172.06
14 $28,172.06 $2,094.53 $0.00 $159.29 $30,425.88
15 $30,425.88 $2,094.53 $0.00 $172.03 $32,692.44
16 $32,692.44 $2,094.53 $0.00 $184.85 $34,971.82
17 $34,971.82 $2,094.53 $0.00 $197.74 $37,264.09
18 $37,264.09 $2,094.53 $0.00 $210.70 $39,569.32
19 $39,569.32 $2,094.53 $0.00 $223.73 $41,887.58
20 $41,887.58 $2,094.53 $0.00 $236.84 $44,218.95
21 $44,218.95 $2,094.53 $0.00 $250.02 $46,563.50
22 $46,563.50 $2,094.53 $0.00 $263.28 $48,921.31
23 $48,921.31 $2,094.53 $0.00 $276.61 $51,292.45
24 $51,292.45 $2,094.53 $0.00 $290.01 $53,676.99
25 $53,676.99 $2,094.53 $0.00 $303.50 $56,075.02
26 $56,075.02 $2,094.53 $0.00 $317.06 $58,486.61
27 $58,486.61 $2,094.53 $0.00 $330.69 $60,911.83
28 $60,911.83 $2,094.53 $0.00 $344.40 $63,350.76
29 $63,350.76 $2,094.53 $0.00 $358.19 $65,803.48
30 $65,803.48 $2,094.53 $0.00 $372.06 $68,270.07
31 $68,270.07 $2,094.53 $0.00 $386.01 $70,750.61
32 $70,750.61 $2,094.53 $0.00 $400.03 $73,245.17
33 $73,245.17 $2,094.53 $0.00 $414.14 $75,753.84
34 $75,753.84 $2,094.53 $0.00 $428.32 $78,276.69
35 $78,276.69 $2,094.53 $0.00 $442.59 $80,813.81
36 $80,813.81 $2,094.53 $0.00 $456.93 $83,365.27
37 $83,365.27 $2,094.53 $0.00 $471.36 $85,931.16
38 $85,931.16 $2,094.53 $0.00 $485.87 $88,511.56
39 $88,511.56 $2,094.53 $0.00 $500.46 $91,106.55
40 $91,106.55 $2,094.53 $0.00 $515.13 $93,716.21
41 $93,716.21 $2,094.53 $0.00 $529.89 $96,340.63
42 $96,340.63 $2,094.53 $0.00 $544.72 $98,979.88
43 $98,979.88 $2,094.53 $0.00 $559.65 $101,634.06
44 $101,634.06 $2,094.53 $0.00 $574.65 $104,303.24
45 $104,303.24 $2,094.53 $0.00 $589.75 $106,987.52
46 $106,987.52 $2,094.53 $0.00 $604.92 $109,686.97
47 $109,686.97 $2,094.53 $0.00 $620.19 $112,401.69
48 $112,401.69 $2,094.53 $0.00 $635.54 $115,131.76
49 $115,131.76 $2,094.53 $0.00 $650.97 $117,877.26
50 $117,877.26 $2,094.53 $0.00 $666.50 $120,638.29
51 $120,638.29 $2,094.53 $0.00 $682.11 $123,414.93
52 $123,414.93 $2,094.53 $0.00 $697.81 $126,207.27
53 $126,207.27 $2,094.53 $0.00 $713.59 $129,015.39
54 $129,015.39 $2,094.53 $0.00 $729.47 $131,839.39
55 $131,839.39 $2,094.53 $0.00 $745.44 $134,679.36
56 $134,679.36 $2,094.53 $0.00 $761.50 $137,535.39
57 $137,535.39 $2,094.53 $0.00 $777.65 $140,407.57
58 $140,407.57 $2,094.53 $0.00 $793.88 $143,295.98
59 $143,295.98 $2,094.53 $0.00 $810.22 $146,200.73
60 $146,200.73 $2,094.53 $0.00 $826.64 $149,121.90
61 $149,121.90 $2,094.53 $0.00 $843.16 $152,059.59
62 $152,059.59 $2,094.53 $0.00 $859.77 $155,013.89
63 $155,013.89 $2,094.53 $0.00 $876.47 $157,984.89
64 $157,984.89 $2,094.53 $0.00 $893.27 $160,972.69
65 $160,972.69 $2,094.53 $0.00 $910.16 $163,977.38
66 $163,977.38 $2,094.53 $0.00 $927.15 $166,999.06
67 $166,999.06 $2,094.53 $0.00 $944.24 $170,037.83
68 $170,037.83 $2,094.53 $0.00 $961.42 $173,093.78
69 $173,093.78 $2,094.53 $0.00 $978.70 $176,167.01
70 $176,167.01 $2,094.53 $0.00 $996.07 $179,257.61
71 $179,257.61 $2,094.53 $0.00 $1,013.55 $182,365.69
72 $182,365.69 $2,094.53 $0.00 $1,031.12 $185,491.34
73 $185,491.34 $2,094.53 $0.00 $1,048.80 $188,634.67
74 $188,634.67 $2,094.53 $0.00 $1,066.57 $191,795.77
75 $191,795.77 $2,094.53 $0.00 $1,084.44 $194,974.74
76 $194,974.74 $2,094.53 $0.00 $1,102.42 $198,171.69
77 $198,171.69 $2,094.53 $0.00 $1,120.49 $201,386.71
78 $201,386.71 $2,094.53 $0.00 $1,138.67 $204,619.91
79 $204,619.91 $2,094.53 $0.00 $1,156.95 $207,871.39
80 $207,871.39 $2,094.53 $0.00 $1,175.34 $211,141.26
81 $211,141.26 $2,094.53 $0.00 $1,193.82 $214,429.61
82 $214,429.61 $2,094.53 $0.00 $1,212.42 $217,736.56
83 $217,736.56 $2,094.53 $0.00 $1,231.11 $221,062.20
84 $221,062.20 $2,094.53 $0.00 $1,249.92 $224,406.65
85 $224,406.65 $2,094.53 $0.00 $1,268.83 $227,770.01
86 $227,770.01 $2,094.53 $0.00 $1,287.84 $231,152.38
87 $231,152.38 $2,094.53 $0.00 $1,306.97 $234,553.88
88 $234,553.88 $2,094.53 $0.00 $1,326.20 $237,974.61
89 $237,974.61 $2,094.53 $0.00 $1,345.54 $241,414.68
90 $241,414.68 $2,094.53 $0.00 $1,364.99 $244,874.20
91 $244,874.20 $2,094.53 $0.00 $1,384.55 $248,353.28
92 $248,353.28 $2,094.53 $0.00 $1,404.23 $251,852.04
93 $251,852.04 $2,094.53 $0.00 $1,424.01 $255,370.58
94 $255,370.58 $2,094.53 $0.00 $1,443.90 $258,909.01
95 $258,909.01 $2,094.53 $0.00 $1,463.91 $262,467.45
96 $262,467.45 $2,094.53 $0.00 $1,484.03 $266,046.01
97 $266,046.01 $2,094.53 $0.00 $1,504.26 $269,644.80
98 $269,644.80 $2,094.53 $0.00 $1,524.61 $273,263.94
99 $273,263.94 $2,094.53 $0.00 $1,545.07 $276,903.54
100 $276,903.54 $2,094.53 $0.00 $1,565.65 $280,563.72
101 $280,563.72 $2,094.53 $0.00 $1,586.35 $284,244.60
102 $284,244.60 $2,094.53 $0.00 $1,607.16 $287,946.29
103 $287,946.29 $2,094.53 $0.00 $1,628.09 $291,668.91
104 $291,668.91 $2,094.53 $0.00 $1,649.14 $295,412.58
105 $295,412.58 $2,094.53 $0.00 $1,670.31 $299,177.42
106 $299,177.42 $2,094.53 $0.00 $1,691.59 $302,963.54
107 $302,963.54 $2,094.53 $0.00 $1,713.00 $306,771.07
108 $306,771.07 $2,094.53 $0.00 $1,734.53 $310,600.13
109 $310,600.13 $2,094.53 $0.00 $1,756.18 $314,450.84
110 $314,450.84 $2,094.53 $0.00 $1,777.95 $318,323.32
111 $318,323.32 $2,094.53 $0.00 $1,799.85 $322,217.70
112 $322,217.70 $2,094.53 $0.00 $1,821.87 $326,134.10
113 $326,134.10 $2,094.53 $0.00 $1,844.01 $330,072.64
114 $330,072.64 $2,094.53 $0.00 $1,866.28 $334,033.45
115 $334,033.45 $2,094.53 $0.00 $1,888.67 $338,016.65
116 $338,016.65 $2,094.53 $0.00 $1,911.20 $342,022.38
117 $342,022.38 $2,094.53 $0.00 $1,933.84 $346,050.75
118 $346,050.75 $2,094.53 $0.00 $1,956.62 $350,101.90
119 $350,101.90 $2,094.53 $0.00 $1,979.53 $354,175.96
120 $354,175.96 $2,094.53 $0.00 $2,002.56 $358,273.05
121 $358,273.05 $2,094.53 $0.00 $2,025.73 $362,393.31
122 $362,393.31 $2,094.53 $0.00 $2,049.02 $366,536.86
123 $366,536.86 $2,094.53 $0.00 $2,072.45 $370,703.84
124 $370,703.84 $2,094.53 $0.00 $2,096.01 $374,894.38
125 $374,894.38 $2,094.53 $0.00 $2,119.71 $379,108.62
126 $379,108.62 $2,094.53 $0.00 $2,143.54 $383,346.69
127 $383,346.69 $2,094.53 $0.00 $2,167.50 $387,608.72
128 $387,608.72 $2,094.53 $0.00 $2,191.60 $391,894.85
129 $391,894.85 $2,094.53 $0.00 $2,215.83 $396,205.21
130 $396,205.21 $2,094.53 $0.00 $2,240.20 $400,539.94
131 $400,539.94 $2,094.53 $0.00 $2,264.71 $404,899.18
132 $404,899.18 $2,094.53 $0.00 $2,289.36 $409,283.07
133 $409,283.07 $2,094.53 $0.00 $2,314.15 $413,691.75
134 $413,691.75 $2,094.53 $0.00 $2,339.07 $418,125.35
135 $418,125.35 $2,094.53 $0.00 $2,364.14 $422,584.02
136 $422,584.02 $2,094.53 $0.00 $2,389.35 $427,067.90
137 $427,067.90 $2,094.53 $0.00 $2,414.70 $431,577.13
138 $431,577.13 $2,094.53 $0.00 $2,440.20 $436,111.86
139 $436,111.86 $2,094.53 $0.00 $2,465.84 $440,672.23
140 $440,672.23 $2,094.53 $0.00 $2,491.62 $445,258.38
141 $445,258.38 $2,094.53 $0.00 $2,517.56 $449,870.47
142 $449,870.47 $2,094.53 $0.00 $2,543.63 $454,508.63
143 $454,508.63 $2,094.53 $0.00 $2,569.86 $459,173.02
144 $459,173.02 $2,094.53 $0.00 $2,596.23 $463,863.78
145 $463,863.78 $2,094.53 $0.00 $2,622.75 $468,581.06
146 $468,581.06 $2,094.53 $0.00 $2,649.43 $473,325.02
147 $473,325.02 $2,094.53 $0.00 $2,676.25 $478,095.80
148 $478,095.80 $2,094.53 $0.00 $2,703.22 $482,893.55
149 $482,893.55 $2,094.53 $0.00 $2,730.35 $487,718.43
150 $487,718.43 $2,094.53 $0.00 $2,757.63 $492,570.59
151 $492,570.59 $2,094.53 $0.00 $2,785.07 $497,450.19
152 $497,450.19 $2,094.53 $0.00 $2,812.66 $502,357.38
153 $502,357.38 $2,094.53 $0.00 $2,840.40 $507,292.31
154 $507,292.31 $2,094.53 $0.00 $2,868.30 $512,255.14
155 $512,255.14 $2,094.53 $0.00 $2,896.37 $517,246.04
156 $517,246.04 $2,094.53 $0.00 $2,924.58 $522,265.15
157 $522,265.15 $2,094.53 $0.00 $2,952.96 $527,312.64
158 $527,312.64 $2,094.53 $0.00 $2,981.50 $532,388.67
159 $532,388.67 $2,094.53 $0.00 $3,010.20 $537,493.40
160 $537,493.40 $2,094.53 $0.00 $3,039.07 $542,627.00
161 $542,627.00 $2,094.53 $0.00 $3,068.09 $547,789.62
162 $547,789.62 $2,094.53 $0.00 $3,097.28 $552,981.43
163 $552,981.43 $2,094.53 $0.00 $3,126.64 $558,202.60
164 $558,202.60 $2,094.53 $0.00 $3,156.16 $563,453.29
165 $563,453.29 $2,094.53 $0.00 $3,185.85 $568,733.67
166 $568,733.67 $2,094.53 $0.00 $3,215.70 $574,043.90
167 $574,043.90 $2,094.53 $0.00 $3,245.73 $579,384.16
168 $579,384.16 $2,094.53 $0.00 $3,275.92 $584,754.61
169 $584,754.61 $2,094.53 $0.00 $3,306.29 $590,155.43
170 $590,155.43 $2,094.53 $0.00 $3,336.82 $595,586.78
171 $595,586.78 $2,094.53 $0.00 $3,367.53 $601,048.84
172 $601,048.84 $2,094.53 $0.00 $3,398.42 $606,541.79
173 $606,541.79 $2,094.53 $0.00 $3,429.48 $612,065.80
174 $612,065.80 $2,094.53 $0.00 $3,460.71 $617,621.04
175 $617,621.04 $2,094.53 $0.00 $3,492.12 $623,207.69
176 $623,207.69 $2,094.53 $0.00 $3,523.71 $628,825.93
177 $628,825.93 $2,094.53 $0.00 $3,555.47 $634,475.93
178 $634,475.93 $2,094.53 $0.00 $3,587.42 $640,157.88
179 $640,157.88 $2,094.53 $0.00 $3,619.55 $645,871.96
180 $645,871.96 $2,094.53 $0.00 $3,651.85 $651,618.34
181 $651,618.34 $2,094.53 $0.00 $3,684.34 $657,397.21
182 $657,397.21 $2,094.53 $0.00 $3,717.02 $663,208.76
183 $663,208.76 $2,094.53 $0.00 $3,749.88 $669,053.17
184 $669,053.17 $2,094.53 $0.00 $3,782.92 $674,930.62
185 $674,930.62 $2,094.53 $0.00 $3,816.16 $680,841.31
186 $680,841.31 $2,094.53 $0.00 $3,849.58 $686,785.42
187 $686,785.42 $2,094.53 $0.00 $3,883.18 $692,763.13
188 $692,763.13 $2,094.53 $0.00 $3,916.98 $698,774.64
189 $698,774.64 $2,094.53 $0.00 $3,950.97 $704,820.14
190 $704,820.14 $2,094.53 $0.00 $3,985.16 $710,899.83
191 $710,899.83 $2,094.53 $0.00 $4,019.53 $717,013.89
192 $717,013.89 $2,094.53 $0.00 $4,054.10 $723,162.52
193 $723,162.52 $2,094.53 $0.00 $4,088.87 $729,345.92
194 $729,345.92 $2,094.53 $0.00 $4,123.83 $735,564.28
195 $735,564.28 $2,094.53 $0.00 $4,158.99 $741,817.80
196 $741,817.80 $2,094.53 $0.00 $4,194.35 $748,106.68
197 $748,106.68 $2,094.53 $0.00 $4,229.90 $754,431.11
198 $754,431.11 $2,094.53 $0.00 $4,265.66 $760,791.30
199 $760,791.30 $2,094.53 $0.00 $4,301.62 $767,187.45
200 $767,187.45 $2,094.53 $0.00 $4,337.79 $773,619.77
201 $773,619.77 $2,094.53 $0.00 $4,374.16 $780,088.46
202 $780,088.46 $2,094.53 $0.00 $4,410.73 $786,593.72
203 $786,593.72 $2,094.53 $0.00 $4,447.52 $793,135.77
204 $793,135.77 $2,094.53 $0.00 $4,484.50 $799,714.80
205 $799,714.80 $2,094.53 $0.00 $4,521.70 $806,331.03
206 $806,331.03 $2,094.53 $0.00 $4,559.11 $812,984.67
207 $812,984.67 $2,094.53 $0.00 $4,596.73 $819,675.93
208 $819,675.93 $2,094.53 $0.00 $4,634.57 $826,405.03
209 $826,405.03 $2,094.53 $0.00 $4,672.61 $833,172.17
210 $833,172.17 $2,094.53 $0.00 $4,710.88 $839,977.58
211 $839,977.58 $2,094.53 $0.00 $4,749.36 $846,821.47
212 $846,821.47 $2,094.53 $0.00 $4,788.05 $853,704.05
213 $853,704.05 $2,094.53 $0.00 $4,826.97 $860,625.55
214 $860,625.55 $2,094.53 $0.00 $4,866.10 $867,586.18
215 $867,586.18 $2,094.53 $0.00 $4,905.46 $874,586.17
216 $874,586.17 $2,094.53 $0.00 $4,945.04 $881,625.74
217 $881,625.74 $2,094.53 $238,761.80 $4,984.84 $649,943.31
218 $649,943.31 $2,094.53 $0.00 $3,674.87 $655,712.71
219 $655,712.71 $2,094.53 $0.00 $3,707.49 $661,514.73
220 $661,514.73 $2,094.53 $0.00 $3,740.30 $667,349.56
221 $667,349.56 $2,094.53 $0.00 $3,773.29 $673,217.38
222 $673,217.38 $2,094.53 $0.00 $3,806.47 $679,118.38
223 $679,118.38 $2,094.53 $0.00 $3,839.83 $685,052.74
224 $685,052.74 $2,094.53 $0.00 $3,873.39 $691,020.66
225 $691,020.66 $2,094.53 $0.00 $3,907.13 $697,022.32
226 $697,022.32 $2,094.53 $0.00 $3,941.07 $703,057.92
227 $703,057.92 $2,094.53 $0.00 $3,975.19 $709,127.64
228 $709,127.64 $2,094.53 $0.00 $4,009.51 $715,231.68
229 $715,231.68 $2,094.53 $255,475.12 $4,044.02 $465,895.11
230 $465,895.11 $2,094.53 $0.00 $2,634.24 $470,623.88
231 $470,623.88 $2,094.53 $0.00 $2,660.98 $475,379.39
232 $475,379.39 $2,094.53 $0.00 $2,687.86 $480,161.78
233 $480,161.78 $2,094.53 $0.00 $2,714.90 $484,971.21
234 $484,971.21 $2,094.53 $0.00 $2,742.10 $489,807.84
235 $489,807.84 $2,094.53 $0.00 $2,769.44 $494,671.81
236 $494,671.81 $2,094.53 $0.00 $2,796.95 $499,563.29
237 $499,563.29 $2,094.53 $0.00 $2,824.60 $504,482.42
238 $504,482.42 $2,094.53 $0.00 $2,852.42 $509,429.37
239 $509,429.37 $2,094.53 $0.00 $2,880.39 $514,404.29
240 $514,404.29 $2,094.53 $0.00 $2,908.52 $519,407.34
241 $519,407.34 $2,094.53 $273,358.38 $2,936.80 $251,080.29
242 $251,080.29 $2,094.53 $0.00 $1,419.64 $254,594.46
243 $254,594.46 $2,094.53 $0.00 $1,439.51 $258,128.50
244 $258,128.50 $2,094.53 $0.00 $1,459.50 $261,682.53
245 $261,682.53 $2,094.53 $0.00 $1,479.59 $265,256.65
246 $265,256.65 $2,094.53 $0.00 $1,499.80 $268,850.98
247 $268,850.98 $2,094.53 $0.00 $1,520.12 $272,465.63
248 $272,465.63 $2,094.53 $0.00 $1,540.56 $276,100.72
249 $276,100.72 $2,094.53 $0.00 $1,561.11 $279,756.36
250 $279,756.36 $2,094.53 $0.00 $1,581.78 $283,432.67
251 $283,432.67 $2,094.53 $0.00 $1,602.57 $287,129.77
252 $287,129.77 $2,094.53 $0.00 $1,623.47 $290,847.77
253 $290,847.77 $0.00 $292,493.47 $1,644.50 -$1.20