Savings Plan and Future Cost Estimation for Mount St. Mary's College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$163,878
Monthly savings required$1,297

How much will it cost to send your child to Mount St. Mary's College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $655,510.97 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,297.23 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$63,195.00
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 $1,297.23 $0.00 $0.00 $1,297.23
2 $1,297.23 $1,297.23 $0.00 $7.33 $2,601.79
3 $2,601.79 $1,297.23 $0.00 $14.71 $3,913.73
4 $3,913.73 $1,297.23 $0.00 $22.13 $5,233.09
5 $5,233.09 $1,297.23 $0.00 $29.59 $6,559.91
6 $6,559.91 $1,297.23 $0.00 $37.09 $7,894.23
7 $7,894.23 $1,297.23 $0.00 $44.64 $9,236.10
8 $9,236.10 $1,297.23 $0.00 $52.22 $10,585.55
9 $10,585.55 $1,297.23 $0.00 $59.85 $11,942.63
10 $11,942.63 $1,297.23 $0.00 $67.53 $13,307.39
11 $13,307.39 $1,297.23 $0.00 $75.24 $14,679.86
12 $14,679.86 $1,297.23 $0.00 $83.00 $16,060.09
13 $16,060.09 $1,297.23 $0.00 $90.81 $17,448.13
14 $17,448.13 $1,297.23 $0.00 $98.65 $18,844.01
15 $18,844.01 $1,297.23 $0.00 $106.55 $20,247.79
16 $20,247.79 $1,297.23 $0.00 $114.48 $21,659.50
17 $21,659.50 $1,297.23 $0.00 $122.47 $23,079.20
18 $23,079.20 $1,297.23 $0.00 $130.49 $24,506.92
19 $24,506.92 $1,297.23 $0.00 $138.57 $25,942.72
20 $25,942.72 $1,297.23 $0.00 $146.68 $27,386.63
21 $27,386.63 $1,297.23 $0.00 $154.85 $28,838.71
22 $28,838.71 $1,297.23 $0.00 $163.06 $30,299.00
23 $30,299.00 $1,297.23 $0.00 $171.31 $31,767.54
24 $31,767.54 $1,297.23 $0.00 $179.62 $33,244.39
25 $33,244.39 $1,297.23 $0.00 $187.97 $34,729.59
26 $34,729.59 $1,297.23 $0.00 $196.37 $36,223.19
27 $36,223.19 $1,297.23 $0.00 $204.81 $37,725.23
28 $37,725.23 $1,297.23 $0.00 $213.30 $39,235.76
29 $39,235.76 $1,297.23 $0.00 $221.84 $40,754.83
30 $40,754.83 $1,297.23 $0.00 $230.43 $42,282.49
31 $42,282.49 $1,297.23 $0.00 $239.07 $43,818.79
32 $43,818.79 $1,297.23 $0.00 $247.76 $45,363.78
33 $45,363.78 $1,297.23 $0.00 $256.49 $46,917.50
34 $46,917.50 $1,297.23 $0.00 $265.28 $48,480.01
35 $48,480.01 $1,297.23 $0.00 $274.11 $50,051.35
36 $50,051.35 $1,297.23 $0.00 $283.00 $51,631.58
37 $51,631.58 $1,297.23 $0.00 $291.93 $53,220.74
38 $53,220.74 $1,297.23 $0.00 $300.92 $54,818.89
39 $54,818.89 $1,297.23 $0.00 $309.95 $56,426.07
40 $56,426.07 $1,297.23 $0.00 $319.04 $58,042.34
41 $58,042.34 $1,297.23 $0.00 $328.18 $59,667.75
42 $59,667.75 $1,297.23 $0.00 $337.37 $61,302.35
43 $61,302.35 $1,297.23 $0.00 $346.61 $62,946.19
44 $62,946.19 $1,297.23 $0.00 $355.91 $64,599.33
45 $64,599.33 $1,297.23 $0.00 $365.25 $66,261.81
46 $66,261.81 $1,297.23 $0.00 $374.65 $67,933.69
47 $67,933.69 $1,297.23 $0.00 $384.11 $69,615.03
48 $69,615.03 $1,297.23 $0.00 $393.61 $71,305.87
49 $71,305.87 $1,297.23 $0.00 $403.17 $73,006.27
50 $73,006.27 $1,297.23 $0.00 $412.79 $74,716.29
51 $74,716.29 $1,297.23 $0.00 $422.46 $76,435.98
52 $76,435.98 $1,297.23 $0.00 $432.18 $78,165.39
53 $78,165.39 $1,297.23 $0.00 $441.96 $79,904.58
54 $79,904.58 $1,297.23 $0.00 $451.79 $81,653.60
55 $81,653.60 $1,297.23 $0.00 $461.68 $83,412.51
56 $83,412.51 $1,297.23 $0.00 $471.63 $85,181.37
57 $85,181.37 $1,297.23 $0.00 $481.63 $86,960.23
58 $86,960.23 $1,297.23 $0.00 $491.69 $88,749.15
59 $88,749.15 $1,297.23 $0.00 $501.80 $90,548.18
60 $90,548.18 $1,297.23 $0.00 $511.97 $92,357.38
61 $92,357.38 $1,297.23 $0.00 $522.20 $94,176.81
62 $94,176.81 $1,297.23 $0.00 $532.49 $96,006.53
63 $96,006.53 $1,297.23 $0.00 $542.83 $97,846.59
64 $97,846.59 $1,297.23 $0.00 $553.24 $99,697.06
65 $99,697.06 $1,297.23 $0.00 $563.70 $101,557.99
66 $101,557.99 $1,297.23 $0.00 $574.22 $103,429.44
67 $103,429.44 $1,297.23 $0.00 $584.81 $105,311.48
68 $105,311.48 $1,297.23 $0.00 $595.45 $107,204.16
69 $107,204.16 $1,297.23 $0.00 $606.15 $109,107.54
70 $109,107.54 $1,297.23 $0.00 $616.91 $111,021.68
71 $111,021.68 $1,297.23 $0.00 $627.73 $112,946.64
72 $112,946.64 $1,297.23 $0.00 $638.62 $114,882.49
73 $114,882.49 $1,297.23 $0.00 $649.56 $116,829.28
74 $116,829.28 $1,297.23 $0.00 $660.57 $118,787.08
75 $118,787.08 $1,297.23 $0.00 $671.64 $120,755.95
76 $120,755.95 $1,297.23 $0.00 $682.77 $122,735.95
77 $122,735.95 $1,297.23 $0.00 $693.97 $124,727.15
78 $124,727.15 $1,297.23 $0.00 $705.23 $126,729.61
79 $126,729.61 $1,297.23 $0.00 $716.55 $128,743.39
80 $128,743.39 $1,297.23 $0.00 $727.93 $130,768.55
81 $130,768.55 $1,297.23 $0.00 $739.38 $132,805.16
82 $132,805.16 $1,297.23 $0.00 $750.90 $134,853.29
83 $134,853.29 $1,297.23 $0.00 $762.48 $136,913.00
84 $136,913.00 $1,297.23 $0.00 $774.13 $138,984.36
85 $138,984.36 $1,297.23 $0.00 $785.84 $141,067.43
86 $141,067.43 $1,297.23 $0.00 $797.62 $143,162.28
87 $143,162.28 $1,297.23 $0.00 $809.46 $145,268.97
88 $145,268.97 $1,297.23 $0.00 $821.37 $147,387.57
89 $147,387.57 $1,297.23 $0.00 $833.35 $149,518.15
90 $149,518.15 $1,297.23 $0.00 $845.40 $151,660.78
91 $151,660.78 $1,297.23 $0.00 $857.51 $153,815.52
92 $153,815.52 $1,297.23 $0.00 $869.70 $155,982.45
93 $155,982.45 $1,297.23 $0.00 $881.95 $158,161.63
94 $158,161.63 $1,297.23 $0.00 $894.27 $160,353.13
95 $160,353.13 $1,297.23 $0.00 $906.66 $162,557.02
96 $162,557.02 $1,297.23 $0.00 $919.12 $164,773.37
97 $164,773.37 $1,297.23 $0.00 $931.65 $167,002.25
98 $167,002.25 $1,297.23 $0.00 $944.26 $169,243.74
99 $169,243.74 $1,297.23 $0.00 $956.93 $171,497.90
100 $171,497.90 $1,297.23 $0.00 $969.67 $173,764.80
101 $173,764.80 $1,297.23 $0.00 $982.49 $176,044.52
102 $176,044.52 $1,297.23 $0.00 $995.38 $178,337.13
103 $178,337.13 $1,297.23 $0.00 $1,008.34 $180,642.70
104 $180,642.70 $1,297.23 $0.00 $1,021.38 $182,961.31
105 $182,961.31 $1,297.23 $0.00 $1,034.49 $185,293.03
106 $185,293.03 $1,297.23 $0.00 $1,047.67 $187,637.93
107 $187,637.93 $1,297.23 $0.00 $1,060.93 $189,996.09
108 $189,996.09 $1,297.23 $0.00 $1,074.27 $192,367.59
109 $192,367.59 $1,297.23 $0.00 $1,087.67 $194,752.49
110 $194,752.49 $1,297.23 $0.00 $1,101.16 $197,150.88
111 $197,150.88 $1,297.23 $0.00 $1,114.72 $199,562.83
112 $199,562.83 $1,297.23 $0.00 $1,128.36 $201,988.42
113 $201,988.42 $1,297.23 $0.00 $1,142.07 $204,427.72
114 $204,427.72 $1,297.23 $0.00 $1,155.86 $206,880.81
115 $206,880.81 $1,297.23 $0.00 $1,169.73 $209,347.77
116 $209,347.77 $1,297.23 $0.00 $1,183.68 $211,828.68
117 $211,828.68 $1,297.23 $0.00 $1,197.71 $214,323.62
118 $214,323.62 $1,297.23 $0.00 $1,211.82 $216,832.67
119 $216,832.67 $1,297.23 $0.00 $1,226.00 $219,355.90
120 $219,355.90 $1,297.23 $0.00 $1,240.27 $221,893.40
121 $221,893.40 $1,297.23 $0.00 $1,254.62 $224,445.25
122 $224,445.25 $1,297.23 $0.00 $1,269.05 $227,011.53
123 $227,011.53 $1,297.23 $0.00 $1,283.56 $229,592.32
124 $229,592.32 $1,297.23 $0.00 $1,298.15 $232,187.70
125 $232,187.70 $1,297.23 $0.00 $1,312.82 $234,797.75
126 $234,797.75 $1,297.23 $0.00 $1,327.58 $237,422.56
127 $237,422.56 $1,297.23 $0.00 $1,342.42 $240,062.21
128 $240,062.21 $1,297.23 $0.00 $1,357.35 $242,716.79
129 $242,716.79 $1,297.23 $0.00 $1,372.36 $245,386.38
130 $245,386.38 $1,297.23 $0.00 $1,387.45 $248,071.06
131 $248,071.06 $1,297.23 $0.00 $1,402.63 $250,770.92
132 $250,770.92 $1,297.23 $0.00 $1,417.90 $253,486.05
133 $253,486.05 $1,297.23 $0.00 $1,433.25 $256,216.53
134 $256,216.53 $1,297.23 $0.00 $1,448.69 $258,962.45
135 $258,962.45 $1,297.23 $0.00 $1,464.21 $261,723.89
136 $261,723.89 $1,297.23 $0.00 $1,479.82 $264,500.94
137 $264,500.94 $1,297.23 $0.00 $1,495.53 $267,293.70
138 $267,293.70 $1,297.23 $0.00 $1,511.32 $270,102.25
139 $270,102.25 $1,297.23 $0.00 $1,527.20 $272,926.68
140 $272,926.68 $1,297.23 $0.00 $1,543.17 $275,767.08
141 $275,767.08 $1,297.23 $0.00 $1,559.23 $278,623.54
142 $278,623.54 $1,297.23 $0.00 $1,575.38 $281,496.15
143 $281,496.15 $1,297.23 $0.00 $1,591.62 $284,385.00
144 $284,385.00 $1,297.23 $0.00 $1,607.95 $287,290.18
145 $287,290.18 $1,297.23 $0.00 $1,624.38 $290,211.79
146 $290,211.79 $1,297.23 $0.00 $1,640.90 $293,149.92
147 $293,149.92 $1,297.23 $0.00 $1,657.51 $296,104.66
148 $296,104.66 $1,297.23 $0.00 $1,674.22 $299,076.11
149 $299,076.11 $1,297.23 $0.00 $1,691.02 $302,064.36
150 $302,064.36 $1,297.23 $0.00 $1,707.92 $305,069.51
151 $305,069.51 $1,297.23 $0.00 $1,724.91 $308,091.65
152 $308,091.65 $1,297.23 $0.00 $1,741.99 $311,130.87
153 $311,130.87 $1,297.23 $0.00 $1,759.18 $314,187.28
154 $314,187.28 $1,297.23 $0.00 $1,776.46 $317,260.97
155 $317,260.97 $1,297.23 $0.00 $1,793.84 $320,352.04
156 $320,352.04 $1,297.23 $0.00 $1,811.32 $323,460.59
157 $323,460.59 $1,297.23 $0.00 $1,828.89 $326,586.71
158 $326,586.71 $1,297.23 $0.00 $1,846.57 $329,730.51
159 $329,730.51 $1,297.23 $0.00 $1,864.34 $332,892.08
160 $332,892.08 $1,297.23 $0.00 $1,882.22 $336,071.53
161 $336,071.53 $1,297.23 $0.00 $1,900.20 $339,268.96
162 $339,268.96 $1,297.23 $0.00 $1,918.28 $342,484.47
163 $342,484.47 $1,297.23 $0.00 $1,936.46 $345,718.16
164 $345,718.16 $1,297.23 $0.00 $1,954.74 $348,970.13
165 $348,970.13 $1,297.23 $0.00 $1,973.13 $352,240.49
166 $352,240.49 $1,297.23 $0.00 $1,991.62 $355,529.34
167 $355,529.34 $1,297.23 $0.00 $2,010.21 $358,836.78
168 $358,836.78 $1,297.23 $0.00 $2,028.92 $362,162.93
169 $362,162.93 $1,297.23 $0.00 $2,047.72 $365,507.88
170 $365,507.88 $1,297.23 $0.00 $2,066.63 $368,871.74
171 $368,871.74 $1,297.23 $0.00 $2,085.65 $372,254.62
172 $372,254.62 $1,297.23 $0.00 $2,104.78 $375,656.63
173 $375,656.63 $1,297.23 $0.00 $2,124.02 $379,077.88
174 $379,077.88 $1,297.23 $0.00 $2,143.36 $382,518.47
175 $382,518.47 $1,297.23 $0.00 $2,162.82 $385,978.52
176 $385,978.52 $1,297.23 $0.00 $2,182.38 $389,458.13
177 $389,458.13 $1,297.23 $0.00 $2,202.05 $392,957.41
178 $392,957.41 $1,297.23 $0.00 $2,221.84 $396,476.48
179 $396,476.48 $1,297.23 $0.00 $2,241.74 $400,015.45
180 $400,015.45 $1,297.23 $0.00 $2,261.75 $403,574.43
181 $403,574.43 $1,297.23 $0.00 $2,281.87 $407,153.53
182 $407,153.53 $1,297.23 $0.00 $2,302.11 $410,752.87
183 $410,752.87 $1,297.23 $0.00 $2,322.46 $414,372.56
184 $414,372.56 $1,297.23 $0.00 $2,342.92 $418,012.71
185 $418,012.71 $1,297.23 $0.00 $2,363.50 $421,673.44
186 $421,673.44 $1,297.23 $0.00 $2,384.20 $425,354.87
187 $425,354.87 $1,297.23 $0.00 $2,405.02 $429,057.12
188 $429,057.12 $1,297.23 $0.00 $2,425.95 $432,780.30
189 $432,780.30 $1,297.23 $0.00 $2,447.00 $436,524.53
190 $436,524.53 $1,297.23 $0.00 $2,468.17 $440,289.93
191 $440,289.93 $1,297.23 $0.00 $2,489.46 $444,076.62
192 $444,076.62 $1,297.23 $0.00 $2,510.87 $447,884.72
193 $447,884.72 $1,297.23 $0.00 $2,532.41 $451,714.36
194 $451,714.36 $1,297.23 $0.00 $2,554.06 $455,565.65
195 $455,565.65 $1,297.23 $0.00 $2,575.83 $459,438.71
196 $459,438.71 $1,297.23 $0.00 $2,597.73 $463,333.67
197 $463,333.67 $1,297.23 $0.00 $2,619.76 $467,250.66
198 $467,250.66 $1,297.23 $0.00 $2,641.90 $471,189.79
199 $471,189.79 $1,297.23 $0.00 $2,664.18 $475,151.20
200 $475,151.20 $1,297.23 $0.00 $2,686.57 $479,135.00
201 $479,135.00 $1,297.23 $0.00 $2,709.10 $483,141.33
202 $483,141.33 $1,297.23 $0.00 $2,731.75 $487,170.31
203 $487,170.31 $1,297.23 $0.00 $2,754.53 $491,222.07
204 $491,222.07 $1,297.23 $0.00 $2,777.44 $495,296.74
205 $495,296.74 $1,297.23 $0.00 $2,800.48 $499,394.45
206 $499,394.45 $1,297.23 $0.00 $2,823.65 $503,515.33
207 $503,515.33 $1,297.23 $0.00 $2,846.95 $507,659.51
208 $507,659.51 $1,297.23 $0.00 $2,870.38 $511,827.12
209 $511,827.12 $1,297.23 $0.00 $2,893.94 $516,018.29
210 $516,018.29 $1,297.23 $0.00 $2,917.64 $520,233.16
211 $520,233.16 $1,297.23 $0.00 $2,941.47 $524,471.86
212 $524,471.86 $1,297.23 $0.00 $2,965.44 $528,734.53
213 $528,734.53 $1,297.23 $0.00 $2,989.54 $533,021.30
214 $533,021.30 $1,297.23 $0.00 $3,013.78 $537,332.31
215 $537,332.31 $1,297.23 $0.00 $3,038.16 $541,667.70
216 $541,667.70 $1,297.23 $0.00 $3,062.67 $546,027.60
217 $546,027.60 $1,297.23 $152,086.30 $3,087.32 $398,325.85
218 $398,325.85 $1,297.23 $0.00 $2,252.19 $401,875.27
219 $401,875.27 $1,297.23 $0.00 $2,272.26 $405,444.76
220 $405,444.76 $1,297.23 $0.00 $2,292.44 $409,034.43
221 $409,034.43 $1,297.23 $0.00 $2,312.74 $412,644.40
222 $412,644.40 $1,297.23 $0.00 $2,333.15 $416,274.78
223 $416,274.78 $1,297.23 $0.00 $2,353.68 $419,925.69
224 $419,925.69 $1,297.23 $0.00 $2,374.32 $423,597.24
225 $423,597.24 $1,297.23 $0.00 $2,395.08 $427,289.55
226 $427,289.55 $1,297.23 $0.00 $2,415.96 $431,002.74
227 $431,002.74 $1,297.23 $0.00 $2,436.95 $434,736.92
228 $434,736.92 $1,297.23 $0.00 $2,458.07 $438,492.22
229 $438,492.22 $1,297.23 $159,690.62 $2,479.30 $282,578.13
230 $282,578.13 $1,297.23 $0.00 $1,597.74 $285,473.10
231 $285,473.10 $1,297.23 $0.00 $1,614.11 $288,384.44
232 $288,384.44 $1,297.23 $0.00 $1,630.57 $291,312.24
233 $291,312.24 $1,297.23 $0.00 $1,647.12 $294,256.59
234 $294,256.59 $1,297.23 $0.00 $1,663.77 $297,217.59
235 $297,217.59 $1,297.23 $0.00 $1,680.51 $300,195.33
236 $300,195.33 $1,297.23 $0.00 $1,697.35 $303,189.91
237 $303,189.91 $1,297.23 $0.00 $1,714.28 $306,201.42
238 $306,201.42 $1,297.23 $0.00 $1,731.31 $309,229.96
239 $309,229.96 $1,297.23 $0.00 $1,748.43 $312,275.62
240 $312,275.62 $1,297.23 $0.00 $1,765.65 $315,338.50
241 $315,338.50 $1,297.23 $167,675.15 $1,782.97 $150,743.55
242 $150,743.55 $1,297.23 $0.00 $852.33 $152,893.11
243 $152,893.11 $1,297.23 $0.00 $864.48 $155,054.82
244 $155,054.82 $1,297.23 $0.00 $876.70 $157,228.75
245 $157,228.75 $1,297.23 $0.00 $888.99 $159,414.97
246 $159,414.97 $1,297.23 $0.00 $901.36 $161,613.56
247 $161,613.56 $1,297.23 $0.00 $913.79 $163,824.58
248 $163,824.58 $1,297.23 $0.00 $926.29 $166,048.10
249 $166,048.10 $1,297.23 $0.00 $938.86 $168,284.19
250 $168,284.19 $1,297.23 $0.00 $951.50 $170,532.92
251 $170,532.92 $1,297.23 $0.00 $964.22 $172,794.37
252 $172,794.37 $1,297.23 $0.00 $977.00 $175,068.60
253 $175,068.60 $0.00 $176,058.91 $989.86 ($0.45)