Savings Plan and Future Cost Estimation for Mills College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$185,325
Monthly savings required$1,465

How much will it cost to send your child to Mills College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $741,301.30 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,464.67 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$49,398.00
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 $1,464.67 $0.00 $0.00 $1,464.67
2 $1,464.67 $1,464.67 $0.00 $8.28 $2,937.62
3 $2,937.62 $1,464.67 $0.00 $16.61 $4,418.90
4 $4,418.90 $1,464.67 $0.00 $24.99 $5,908.56
5 $5,908.56 $1,464.67 $0.00 $33.41 $7,406.64
6 $7,406.64 $1,464.67 $0.00 $41.88 $8,913.19
7 $8,913.19 $1,464.67 $0.00 $50.40 $10,428.26
8 $10,428.26 $1,464.67 $0.00 $58.96 $11,951.89
9 $11,951.89 $1,464.67 $0.00 $67.58 $13,484.14
10 $13,484.14 $1,464.67 $0.00 $76.24 $15,025.05
11 $15,025.05 $1,464.67 $0.00 $84.95 $16,574.67
12 $16,574.67 $1,464.67 $0.00 $93.72 $18,133.06
13 $18,133.06 $1,464.67 $0.00 $102.53 $19,700.26
14 $19,700.26 $1,464.67 $0.00 $111.39 $21,276.32
15 $21,276.32 $1,464.67 $0.00 $120.30 $22,861.29
16 $22,861.29 $1,464.67 $0.00 $129.26 $24,455.22
17 $24,455.22 $1,464.67 $0.00 $138.27 $26,058.16
18 $26,058.16 $1,464.67 $0.00 $147.34 $27,670.17
19 $27,670.17 $1,464.67 $0.00 $156.45 $29,291.29
20 $29,291.29 $1,464.67 $0.00 $165.62 $30,921.58
21 $30,921.58 $1,464.67 $0.00 $174.84 $32,561.09
22 $32,561.09 $1,464.67 $0.00 $184.11 $34,209.87
23 $34,209.87 $1,464.67 $0.00 $193.43 $35,867.97
24 $35,867.97 $1,464.67 $0.00 $202.80 $37,535.44
25 $37,535.44 $1,464.67 $0.00 $212.23 $39,212.34
26 $39,212.34 $1,464.67 $0.00 $221.71 $40,898.72
27 $40,898.72 $1,464.67 $0.00 $231.25 $42,594.64
28 $42,594.64 $1,464.67 $0.00 $240.84 $44,300.15
29 $44,300.15 $1,464.67 $0.00 $250.48 $46,015.30
30 $46,015.30 $1,464.67 $0.00 $260.18 $47,740.15
31 $47,740.15 $1,464.67 $0.00 $269.93 $49,474.75
32 $49,474.75 $1,464.67 $0.00 $279.74 $51,219.16
33 $51,219.16 $1,464.67 $0.00 $289.60 $52,973.43
34 $52,973.43 $1,464.67 $0.00 $299.52 $54,737.62
35 $54,737.62 $1,464.67 $0.00 $309.49 $56,511.78
36 $56,511.78 $1,464.67 $0.00 $319.53 $58,295.98
37 $58,295.98 $1,464.67 $0.00 $329.61 $60,090.26
38 $60,090.26 $1,464.67 $0.00 $339.76 $61,894.69
39 $61,894.69 $1,464.67 $0.00 $349.96 $63,709.32
40 $63,709.32 $1,464.67 $0.00 $360.22 $65,534.21
41 $65,534.21 $1,464.67 $0.00 $370.54 $67,369.42
42 $67,369.42 $1,464.67 $0.00 $380.92 $69,215.01
43 $69,215.01 $1,464.67 $0.00 $391.35 $71,071.03
44 $71,071.03 $1,464.67 $0.00 $401.85 $72,937.55
45 $72,937.55 $1,464.67 $0.00 $412.40 $74,814.62
46 $74,814.62 $1,464.67 $0.00 $423.01 $76,702.30
47 $76,702.30 $1,464.67 $0.00 $433.69 $78,600.66
48 $78,600.66 $1,464.67 $0.00 $444.42 $80,509.75
49 $80,509.75 $1,464.67 $0.00 $455.21 $82,429.63
50 $82,429.63 $1,464.67 $0.00 $466.07 $84,360.37
51 $84,360.37 $1,464.67 $0.00 $476.99 $86,302.03
52 $86,302.03 $1,464.67 $0.00 $487.96 $88,254.66
53 $88,254.66 $1,464.67 $0.00 $499.00 $90,218.33
54 $90,218.33 $1,464.67 $0.00 $510.11 $92,193.11
55 $92,193.11 $1,464.67 $0.00 $521.27 $94,179.05
56 $94,179.05 $1,464.67 $0.00 $532.50 $96,176.22
57 $96,176.22 $1,464.67 $0.00 $543.79 $98,184.68
58 $98,184.68 $1,464.67 $0.00 $555.15 $100,204.50
59 $100,204.50 $1,464.67 $0.00 $566.57 $102,235.74
60 $102,235.74 $1,464.67 $0.00 $578.06 $104,278.47
61 $104,278.47 $1,464.67 $0.00 $589.61 $106,332.75
62 $106,332.75 $1,464.67 $0.00 $601.22 $108,398.64
63 $108,398.64 $1,464.67 $0.00 $612.90 $110,476.21
64 $110,476.21 $1,464.67 $0.00 $624.65 $112,565.53
65 $112,565.53 $1,464.67 $0.00 $636.46 $114,666.66
66 $114,666.66 $1,464.67 $0.00 $648.34 $116,779.67
67 $116,779.67 $1,464.67 $0.00 $660.29 $118,904.63
68 $118,904.63 $1,464.67 $0.00 $672.30 $121,041.60
69 $121,041.60 $1,464.67 $0.00 $684.39 $123,190.66
70 $123,190.66 $1,464.67 $0.00 $696.54 $125,351.87
71 $125,351.87 $1,464.67 $0.00 $708.76 $127,525.30
72 $127,525.30 $1,464.67 $0.00 $721.05 $129,711.02
73 $129,711.02 $1,464.67 $0.00 $733.40 $131,909.09
74 $131,909.09 $1,464.67 $0.00 $745.83 $134,119.59
75 $134,119.59 $1,464.67 $0.00 $758.33 $136,342.59
76 $136,342.59 $1,464.67 $0.00 $770.90 $138,578.16
77 $138,578.16 $1,464.67 $0.00 $783.54 $140,826.37
78 $140,826.37 $1,464.67 $0.00 $796.25 $143,087.29
79 $143,087.29 $1,464.67 $0.00 $809.04 $145,361.00
80 $145,361.00 $1,464.67 $0.00 $821.89 $147,647.56
81 $147,647.56 $1,464.67 $0.00 $834.82 $149,947.05
82 $149,947.05 $1,464.67 $0.00 $847.82 $152,259.54
83 $152,259.54 $1,464.67 $0.00 $860.90 $154,585.11
84 $154,585.11 $1,464.67 $0.00 $874.05 $156,923.83
85 $156,923.83 $1,464.67 $0.00 $887.27 $159,275.77
86 $159,275.77 $1,464.67 $0.00 $900.57 $161,641.01
87 $161,641.01 $1,464.67 $0.00 $913.94 $164,019.62
88 $164,019.62 $1,464.67 $0.00 $927.39 $166,411.68
89 $166,411.68 $1,464.67 $0.00 $940.92 $168,817.27
90 $168,817.27 $1,464.67 $0.00 $954.52 $171,236.46
91 $171,236.46 $1,464.67 $0.00 $968.20 $173,669.33
92 $173,669.33 $1,464.67 $0.00 $981.95 $176,115.95
93 $176,115.95 $1,464.67 $0.00 $995.79 $178,576.41
94 $178,576.41 $1,464.67 $0.00 $1,009.70 $181,050.78
95 $181,050.78 $1,464.67 $0.00 $1,023.69 $183,539.14
96 $183,539.14 $1,464.67 $0.00 $1,037.76 $186,041.57
97 $186,041.57 $1,464.67 $0.00 $1,051.91 $188,558.15
98 $188,558.15 $1,464.67 $0.00 $1,066.14 $191,088.96
99 $191,088.96 $1,464.67 $0.00 $1,080.44 $193,634.07
100 $193,634.07 $1,464.67 $0.00 $1,094.84 $196,193.58
101 $196,193.58 $1,464.67 $0.00 $1,109.31 $198,767.56
102 $198,767.56 $1,464.67 $0.00 $1,123.86 $201,356.09
103 $201,356.09 $1,464.67 $0.00 $1,138.50 $203,959.26
104 $203,959.26 $1,464.67 $0.00 $1,153.22 $206,577.15
105 $206,577.15 $1,464.67 $0.00 $1,168.02 $209,209.84
106 $209,209.84 $1,464.67 $0.00 $1,182.90 $211,857.41
107 $211,857.41 $1,464.67 $0.00 $1,197.87 $214,519.95
108 $214,519.95 $1,464.67 $0.00 $1,212.93 $217,197.55
109 $217,197.55 $1,464.67 $0.00 $1,228.07 $219,890.29
110 $219,890.29 $1,464.67 $0.00 $1,243.29 $222,598.25
111 $222,598.25 $1,464.67 $0.00 $1,258.60 $225,321.52
112 $225,321.52 $1,464.67 $0.00 $1,274.00 $228,060.19
113 $228,060.19 $1,464.67 $0.00 $1,289.49 $230,814.35
114 $230,814.35 $1,464.67 $0.00 $1,305.06 $233,584.08
115 $233,584.08 $1,464.67 $0.00 $1,320.72 $236,369.47
116 $236,369.47 $1,464.67 $0.00 $1,336.47 $239,170.61
117 $239,170.61 $1,464.67 $0.00 $1,352.31 $241,987.59
118 $241,987.59 $1,464.67 $0.00 $1,368.23 $244,820.49
119 $244,820.49 $1,464.67 $0.00 $1,384.25 $247,669.41
120 $247,669.41 $1,464.67 $0.00 $1,400.36 $250,534.44
121 $250,534.44 $1,464.67 $0.00 $1,416.56 $253,415.67
122 $253,415.67 $1,464.67 $0.00 $1,432.85 $256,313.19
123 $256,313.19 $1,464.67 $0.00 $1,449.23 $259,227.09
124 $259,227.09 $1,464.67 $0.00 $1,465.71 $262,157.47
125 $262,157.47 $1,464.67 $0.00 $1,482.28 $265,104.42
126 $265,104.42 $1,464.67 $0.00 $1,498.94 $268,068.03
127 $268,068.03 $1,464.67 $0.00 $1,515.70 $271,048.40
128 $271,048.40 $1,464.67 $0.00 $1,532.55 $274,045.62
129 $274,045.62 $1,464.67 $0.00 $1,549.49 $277,059.78
130 $277,059.78 $1,464.67 $0.00 $1,566.54 $280,090.99
131 $280,090.99 $1,464.67 $0.00 $1,583.68 $283,139.34
132 $283,139.34 $1,464.67 $0.00 $1,600.91 $286,204.92
133 $286,204.92 $1,464.67 $0.00 $1,618.24 $289,287.83
134 $289,287.83 $1,464.67 $0.00 $1,635.68 $292,388.18
135 $292,388.18 $1,464.67 $0.00 $1,653.21 $295,506.06
136 $295,506.06 $1,464.67 $0.00 $1,670.83 $298,641.56
137 $298,641.56 $1,464.67 $0.00 $1,688.56 $301,794.79
138 $301,794.79 $1,464.67 $0.00 $1,706.39 $304,965.85
139 $304,965.85 $1,464.67 $0.00 $1,724.32 $308,154.84
140 $308,154.84 $1,464.67 $0.00 $1,742.35 $311,361.86
141 $311,361.86 $1,464.67 $0.00 $1,760.49 $314,587.02
142 $314,587.02 $1,464.67 $0.00 $1,778.72 $317,830.41
143 $317,830.41 $1,464.67 $0.00 $1,797.06 $321,092.14
144 $321,092.14 $1,464.67 $0.00 $1,815.50 $324,372.31
145 $324,372.31 $1,464.67 $0.00 $1,834.05 $327,671.03
146 $327,671.03 $1,464.67 $0.00 $1,852.70 $330,988.40
147 $330,988.40 $1,464.67 $0.00 $1,871.46 $334,324.53
148 $334,324.53 $1,464.67 $0.00 $1,890.32 $337,679.52
149 $337,679.52 $1,464.67 $0.00 $1,909.29 $341,053.48
150 $341,053.48 $1,464.67 $0.00 $1,928.37 $344,446.52
151 $344,446.52 $1,464.67 $0.00 $1,947.55 $347,858.74
152 $347,858.74 $1,464.67 $0.00 $1,966.84 $351,290.25
153 $351,290.25 $1,464.67 $0.00 $1,986.25 $354,741.17
154 $354,741.17 $1,464.67 $0.00 $2,005.76 $358,211.60
155 $358,211.60 $1,464.67 $0.00 $2,025.38 $361,701.65
156 $361,701.65 $1,464.67 $0.00 $2,045.11 $365,211.43
157 $365,211.43 $1,464.67 $0.00 $2,064.96 $368,741.06
158 $368,741.06 $1,464.67 $0.00 $2,084.92 $372,290.65
159 $372,290.65 $1,464.67 $0.00 $2,104.99 $375,860.31
160 $375,860.31 $1,464.67 $0.00 $2,125.17 $379,450.15
161 $379,450.15 $1,464.67 $0.00 $2,145.47 $383,060.29
162 $383,060.29 $1,464.67 $0.00 $2,165.88 $386,690.84
163 $386,690.84 $1,464.67 $0.00 $2,186.41 $390,341.92
164 $390,341.92 $1,464.67 $0.00 $2,207.05 $394,013.64
165 $394,013.64 $1,464.67 $0.00 $2,227.81 $397,706.12
166 $397,706.12 $1,464.67 $0.00 $2,248.69 $401,419.48
167 $401,419.48 $1,464.67 $0.00 $2,269.68 $405,153.83
168 $405,153.83 $1,464.67 $0.00 $2,290.80 $408,909.30
169 $408,909.30 $1,464.67 $0.00 $2,312.03 $412,686.00
170 $412,686.00 $1,464.67 $0.00 $2,333.39 $416,484.06
171 $416,484.06 $1,464.67 $0.00 $2,354.86 $420,303.59
172 $420,303.59 $1,464.67 $0.00 $2,376.46 $424,144.72
173 $424,144.72 $1,464.67 $0.00 $2,398.18 $428,007.57
174 $428,007.57 $1,464.67 $0.00 $2,420.02 $431,892.26
175 $431,892.26 $1,464.67 $0.00 $2,441.98 $435,798.91
176 $435,798.91 $1,464.67 $0.00 $2,464.07 $439,727.65
177 $439,727.65 $1,464.67 $0.00 $2,486.28 $443,678.60
178 $443,678.60 $1,464.67 $0.00 $2,508.62 $447,651.89
179 $447,651.89 $1,464.67 $0.00 $2,531.09 $451,647.65
180 $451,647.65 $1,464.67 $0.00 $2,553.68 $455,666.00
181 $455,666.00 $1,464.67 $0.00 $2,576.40 $459,707.07
182 $459,707.07 $1,464.67 $0.00 $2,599.25 $463,770.99
183 $463,770.99 $1,464.67 $0.00 $2,622.23 $467,857.89
184 $467,857.89 $1,464.67 $0.00 $2,645.34 $471,967.90
185 $471,967.90 $1,464.67 $0.00 $2,668.58 $476,101.15
186 $476,101.15 $1,464.67 $0.00 $2,691.95 $480,257.77
187 $480,257.77 $1,464.67 $0.00 $2,715.45 $484,437.89
188 $484,437.89 $1,464.67 $0.00 $2,739.08 $488,641.64
189 $488,641.64 $1,464.67 $0.00 $2,762.85 $492,869.16
190 $492,869.16 $1,464.67 $0.00 $2,786.75 $497,120.58
191 $497,120.58 $1,464.67 $0.00 $2,810.79 $501,396.04
192 $501,396.04 $1,464.67 $0.00 $2,834.97 $505,695.68
193 $505,695.68 $1,464.67 $0.00 $2,859.28 $510,019.63
194 $510,019.63 $1,464.67 $0.00 $2,883.73 $514,368.03
195 $514,368.03 $1,464.67 $0.00 $2,908.31 $518,741.01
196 $518,741.01 $1,464.67 $0.00 $2,933.04 $523,138.72
197 $523,138.72 $1,464.67 $0.00 $2,957.90 $527,561.29
198 $527,561.29 $1,464.67 $0.00 $2,982.91 $532,008.87
199 $532,008.87 $1,464.67 $0.00 $3,008.06 $536,481.60
200 $536,481.60 $1,464.67 $0.00 $3,033.34 $540,979.61
201 $540,979.61 $1,464.67 $0.00 $3,058.78 $545,503.06
202 $545,503.06 $1,464.67 $0.00 $3,084.35 $550,052.08
203 $550,052.08 $1,464.67 $0.00 $3,110.07 $554,626.82
204 $554,626.82 $1,464.67 $0.00 $3,135.94 $559,227.43
205 $559,227.43 $1,464.67 $0.00 $3,161.95 $563,854.05
206 $563,854.05 $1,464.67 $0.00 $3,188.11 $568,506.83
207 $568,506.83 $1,464.67 $0.00 $3,214.42 $573,185.92
208 $573,185.92 $1,464.67 $0.00 $3,240.88 $577,891.47
209 $577,891.47 $1,464.67 $0.00 $3,267.48 $582,623.62
210 $582,623.62 $1,464.67 $0.00 $3,294.24 $587,382.53
211 $587,382.53 $1,464.67 $0.00 $3,321.15 $592,168.35
212 $592,168.35 $1,464.67 $0.00 $3,348.21 $596,981.23
213 $596,981.23 $1,464.67 $0.00 $3,375.42 $601,821.32
214 $601,821.32 $1,464.67 $0.00 $3,402.79 $606,688.78
215 $606,688.78 $1,464.67 $0.00 $3,430.31 $611,583.76
216 $611,583.76 $1,464.67 $0.00 $3,457.98 $616,506.41
217 $616,506.41 $1,464.67 $166,961.89 $3,485.82 $454,495.01
218 $454,495.01 $1,464.67 $0.00 $2,569.78 $458,529.46
219 $458,529.46 $1,464.67 $0.00 $2,592.59 $462,586.72
220 $462,586.72 $1,464.67 $0.00 $2,615.53 $466,666.92
221 $466,666.92 $1,464.67 $0.00 $2,638.60 $470,770.19
222 $470,770.19 $1,464.67 $0.00 $2,661.80 $474,896.66
223 $474,896.66 $1,464.67 $0.00 $2,685.13 $479,046.46
224 $479,046.46 $1,464.67 $0.00 $2,708.60 $483,219.73
225 $483,219.73 $1,464.67 $0.00 $2,732.19 $487,416.59
226 $487,416.59 $1,464.67 $0.00 $2,755.92 $491,637.18
227 $491,637.18 $1,464.67 $0.00 $2,779.79 $495,881.64
228 $495,881.64 $1,464.67 $0.00 $2,803.79 $500,150.10
229 $500,150.10 $1,464.67 $178,649.23 $2,827.92 $325,793.46
230 $325,793.46 $1,464.67 $0.00 $1,842.08 $329,100.21
231 $329,100.21 $1,464.67 $0.00 $1,860.78 $332,425.66
232 $332,425.66 $1,464.67 $0.00 $1,879.58 $335,769.91
233 $335,769.91 $1,464.67 $0.00 $1,898.49 $339,133.07
234 $339,133.07 $1,464.67 $0.00 $1,917.51 $342,515.25
235 $342,515.25 $1,464.67 $0.00 $1,936.63 $345,916.55
236 $345,916.55 $1,464.67 $0.00 $1,955.86 $349,337.08
237 $349,337.08 $1,464.67 $0.00 $1,975.20 $352,776.95
238 $352,776.95 $1,464.67 $0.00 $1,994.65 $356,236.27
239 $356,236.27 $1,464.67 $0.00 $2,014.21 $359,715.15
240 $359,715.15 $1,464.67 $0.00 $2,033.88 $363,213.70
241 $363,213.70 $1,464.67 $191,154.67 $2,053.66 $175,577.36
242 $175,577.36 $1,464.67 $0.00 $992.74 $178,034.77
243 $178,034.77 $1,464.67 $0.00 $1,006.63 $180,506.07
244 $180,506.07 $1,464.67 $0.00 $1,020.61 $182,991.35
245 $182,991.35 $1,464.67 $0.00 $1,034.66 $185,490.68
246 $185,490.68 $1,464.67 $0.00 $1,048.79 $188,004.14
247 $188,004.14 $1,464.67 $0.00 $1,063.00 $190,531.81
248 $190,531.81 $1,464.67 $0.00 $1,077.29 $193,073.77
249 $193,073.77 $1,464.67 $0.00 $1,091.67 $195,630.11
250 $195,630.11 $1,464.67 $0.00 $1,106.12 $198,200.90
251 $198,200.90 $1,464.67 $0.00 $1,120.66 $200,786.23
252 $200,786.23 $1,464.67 $0.00 $1,135.27 $203,386.17
253 $203,386.17 $0.00 $204,535.50 $1,149.97 $0.64