Savings Plan and Future Cost Estimation for Newschool of Architecture and Design

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$138,757
Monthly savings required$1,098

How much will it cost to send your child to Newschool of Architecture and Design in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $555,029.37 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,098.38 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$53,508.00
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 $1,098.38 $0.00 $0.00 $1,098.38
2 $1,098.38 $1,098.38 $0.00 $6.21 $2,202.97
3 $2,202.97 $1,098.38 $0.00 $12.46 $3,313.81
4 $3,313.81 $1,098.38 $0.00 $18.74 $4,430.93
5 $4,430.93 $1,098.38 $0.00 $25.05 $5,554.36
6 $5,554.36 $1,098.38 $0.00 $31.41 $6,684.15
7 $6,684.15 $1,098.38 $0.00 $37.79 $7,820.32
8 $7,820.32 $1,098.38 $0.00 $44.22 $8,962.92
9 $8,962.92 $1,098.38 $0.00 $50.68 $10,111.98
10 $10,111.98 $1,098.38 $0.00 $57.17 $11,267.53
11 $11,267.53 $1,098.38 $0.00 $63.71 $12,429.62
12 $12,429.62 $1,098.38 $0.00 $70.28 $13,598.28
13 $13,598.28 $1,098.38 $0.00 $76.89 $14,773.55
14 $14,773.55 $1,098.38 $0.00 $83.53 $15,955.46
15 $15,955.46 $1,098.38 $0.00 $90.21 $17,144.05
16 $17,144.05 $1,098.38 $0.00 $96.93 $18,339.36
17 $18,339.36 $1,098.38 $0.00 $103.69 $19,541.43
18 $19,541.43 $1,098.38 $0.00 $110.49 $20,750.30
19 $20,750.30 $1,098.38 $0.00 $117.33 $21,966.01
20 $21,966.01 $1,098.38 $0.00 $124.20 $23,188.59
21 $23,188.59 $1,098.38 $0.00 $131.11 $24,418.08
22 $24,418.08 $1,098.38 $0.00 $138.06 $25,654.52
23 $25,654.52 $1,098.38 $0.00 $145.05 $26,897.95
24 $26,897.95 $1,098.38 $0.00 $152.08 $28,148.41
25 $28,148.41 $1,098.38 $0.00 $159.16 $29,405.95
26 $29,405.95 $1,098.38 $0.00 $166.27 $30,670.60
27 $30,670.60 $1,098.38 $0.00 $173.42 $31,942.40
28 $31,942.40 $1,098.38 $0.00 $180.61 $33,221.39
29 $33,221.39 $1,098.38 $0.00 $187.84 $34,507.61
30 $34,507.61 $1,098.38 $0.00 $195.11 $35,801.10
31 $35,801.10 $1,098.38 $0.00 $202.42 $37,101.90
32 $37,101.90 $1,098.38 $0.00 $209.78 $38,410.06
33 $38,410.06 $1,098.38 $0.00 $217.18 $39,725.62
34 $39,725.62 $1,098.38 $0.00 $224.61 $41,048.61
35 $41,048.61 $1,098.38 $0.00 $232.09 $42,379.08
36 $42,379.08 $1,098.38 $0.00 $239.62 $43,717.08
37 $43,717.08 $1,098.38 $0.00 $247.18 $45,062.64
38 $45,062.64 $1,098.38 $0.00 $254.79 $46,415.81
39 $46,415.81 $1,098.38 $0.00 $262.44 $47,776.63
40 $47,776.63 $1,098.38 $0.00 $270.14 $49,145.15
41 $49,145.15 $1,098.38 $0.00 $277.87 $50,521.40
42 $50,521.40 $1,098.38 $0.00 $285.66 $51,905.44
43 $51,905.44 $1,098.38 $0.00 $293.48 $53,297.30
44 $53,297.30 $1,098.38 $0.00 $301.35 $54,697.03
45 $54,697.03 $1,098.38 $0.00 $309.26 $56,104.67
46 $56,104.67 $1,098.38 $0.00 $317.22 $57,520.27
47 $57,520.27 $1,098.38 $0.00 $325.23 $58,943.88
48 $58,943.88 $1,098.38 $0.00 $333.28 $60,375.54
49 $60,375.54 $1,098.38 $0.00 $341.37 $61,815.29
50 $61,815.29 $1,098.38 $0.00 $349.51 $63,263.18
51 $63,263.18 $1,098.38 $0.00 $357.70 $64,719.26
52 $64,719.26 $1,098.38 $0.00 $365.93 $66,183.57
53 $66,183.57 $1,098.38 $0.00 $374.21 $67,656.16
54 $67,656.16 $1,098.38 $0.00 $382.54 $69,137.08
55 $69,137.08 $1,098.38 $0.00 $390.91 $70,626.37
56 $70,626.37 $1,098.38 $0.00 $399.33 $72,124.08
57 $72,124.08 $1,098.38 $0.00 $407.80 $73,630.26
58 $73,630.26 $1,098.38 $0.00 $416.32 $75,144.96
59 $75,144.96 $1,098.38 $0.00 $424.88 $76,668.22
60 $76,668.22 $1,098.38 $0.00 $433.49 $78,200.09
61 $78,200.09 $1,098.38 $0.00 $442.15 $79,740.62
62 $79,740.62 $1,098.38 $0.00 $450.87 $81,289.87
63 $81,289.87 $1,098.38 $0.00 $459.62 $82,847.87
64 $82,847.87 $1,098.38 $0.00 $468.43 $84,414.68
65 $84,414.68 $1,098.38 $0.00 $477.29 $85,990.35
66 $85,990.35 $1,098.38 $0.00 $486.20 $87,574.93
67 $87,574.93 $1,098.38 $0.00 $495.16 $89,168.47
68 $89,168.47 $1,098.38 $0.00 $504.17 $90,771.02
69 $90,771.02 $1,098.38 $0.00 $513.23 $92,382.63
70 $92,382.63 $1,098.38 $0.00 $522.34 $94,003.35
71 $94,003.35 $1,098.38 $0.00 $531.51 $95,633.24
72 $95,633.24 $1,098.38 $0.00 $540.72 $97,272.34
73 $97,272.34 $1,098.38 $0.00 $549.99 $98,920.71
74 $98,920.71 $1,098.38 $0.00 $559.31 $100,578.40
75 $100,578.40 $1,098.38 $0.00 $568.68 $102,245.46
76 $102,245.46 $1,098.38 $0.00 $578.11 $103,921.95
77 $103,921.95 $1,098.38 $0.00 $587.59 $105,607.92
78 $105,607.92 $1,098.38 $0.00 $597.12 $107,303.42
79 $107,303.42 $1,098.38 $0.00 $606.71 $109,008.51
80 $109,008.51 $1,098.38 $0.00 $616.35 $110,723.24
81 $110,723.24 $1,098.38 $0.00 $626.05 $112,447.67
82 $112,447.67 $1,098.38 $0.00 $635.80 $114,181.85
83 $114,181.85 $1,098.38 $0.00 $645.60 $115,925.83
84 $115,925.83 $1,098.38 $0.00 $655.46 $117,679.67
85 $117,679.67 $1,098.38 $0.00 $665.38 $119,443.43
86 $119,443.43 $1,098.38 $0.00 $675.35 $121,217.16
87 $121,217.16 $1,098.38 $0.00 $685.38 $123,000.92
88 $123,000.92 $1,098.38 $0.00 $695.47 $124,794.77
89 $124,794.77 $1,098.38 $0.00 $705.61 $126,598.76
90 $126,598.76 $1,098.38 $0.00 $715.81 $128,412.95
91 $128,412.95 $1,098.38 $0.00 $726.07 $130,237.40
92 $130,237.40 $1,098.38 $0.00 $736.38 $132,072.16
93 $132,072.16 $1,098.38 $0.00 $746.76 $133,917.30
94 $133,917.30 $1,098.38 $0.00 $757.19 $135,772.87
95 $135,772.87 $1,098.38 $0.00 $767.68 $137,638.93
96 $137,638.93 $1,098.38 $0.00 $778.23 $139,515.54
97 $139,515.54 $1,098.38 $0.00 $788.84 $141,402.76
98 $141,402.76 $1,098.38 $0.00 $799.51 $143,300.65
99 $143,300.65 $1,098.38 $0.00 $810.24 $145,209.27
100 $145,209.27 $1,098.38 $0.00 $821.03 $147,128.68
101 $147,128.68 $1,098.38 $0.00 $831.89 $149,058.95
102 $149,058.95 $1,098.38 $0.00 $842.80 $151,000.13
103 $151,000.13 $1,098.38 $0.00 $853.78 $152,952.29
104 $152,952.29 $1,098.38 $0.00 $864.81 $154,915.48
105 $154,915.48 $1,098.38 $0.00 $875.91 $156,889.77
106 $156,889.77 $1,098.38 $0.00 $887.08 $158,875.23
107 $158,875.23 $1,098.38 $0.00 $898.30 $160,871.91
108 $160,871.91 $1,098.38 $0.00 $909.59 $162,879.88
109 $162,879.88 $1,098.38 $0.00 $920.95 $164,899.21
110 $164,899.21 $1,098.38 $0.00 $932.36 $166,929.95
111 $166,929.95 $1,098.38 $0.00 $943.85 $168,972.18
112 $168,972.18 $1,098.38 $0.00 $955.39 $171,025.95
113 $171,025.95 $1,098.38 $0.00 $967.01 $173,091.34
114 $173,091.34 $1,098.38 $0.00 $978.68 $175,168.40
115 $175,168.40 $1,098.38 $0.00 $990.43 $177,257.21
116 $177,257.21 $1,098.38 $0.00 $1,002.24 $179,357.83
117 $179,357.83 $1,098.38 $0.00 $1,014.12 $181,470.33
118 $181,470.33 $1,098.38 $0.00 $1,026.06 $183,594.77
119 $183,594.77 $1,098.38 $0.00 $1,038.07 $185,731.22
120 $185,731.22 $1,098.38 $0.00 $1,050.15 $187,879.75
121 $187,879.75 $1,098.38 $0.00 $1,062.30 $190,040.43
122 $190,040.43 $1,098.38 $0.00 $1,074.52 $192,213.33
123 $192,213.33 $1,098.38 $0.00 $1,086.80 $194,398.51
124 $194,398.51 $1,098.38 $0.00 $1,099.16 $196,596.05
125 $196,596.05 $1,098.38 $0.00 $1,111.58 $198,806.01
126 $198,806.01 $1,098.38 $0.00 $1,124.08 $201,028.47
127 $201,028.47 $1,098.38 $0.00 $1,136.64 $203,263.49
128 $203,263.49 $1,098.38 $0.00 $1,149.28 $205,511.15
129 $205,511.15 $1,098.38 $0.00 $1,161.99 $207,771.52
130 $207,771.52 $1,098.38 $0.00 $1,174.77 $210,044.67
131 $210,044.67 $1,098.38 $0.00 $1,187.62 $212,330.67
132 $212,330.67 $1,098.38 $0.00 $1,200.55 $214,629.60
133 $214,629.60 $1,098.38 $0.00 $1,213.55 $216,941.53
134 $216,941.53 $1,098.38 $0.00 $1,226.62 $219,266.53
135 $219,266.53 $1,098.38 $0.00 $1,239.76 $221,604.67
136 $221,604.67 $1,098.38 $0.00 $1,252.99 $223,956.04
137 $223,956.04 $1,098.38 $0.00 $1,266.28 $226,320.70
138 $226,320.70 $1,098.38 $0.00 $1,279.65 $228,698.73
139 $228,698.73 $1,098.38 $0.00 $1,293.10 $231,090.21
140 $231,090.21 $1,098.38 $0.00 $1,306.62 $233,495.21
141 $233,495.21 $1,098.38 $0.00 $1,320.22 $235,913.81
142 $235,913.81 $1,098.38 $0.00 $1,333.89 $238,346.08
143 $238,346.08 $1,098.38 $0.00 $1,347.64 $240,792.10
144 $240,792.10 $1,098.38 $0.00 $1,361.47 $243,251.95
145 $243,251.95 $1,098.38 $0.00 $1,375.38 $245,725.71
146 $245,725.71 $1,098.38 $0.00 $1,389.37 $248,213.46
147 $248,213.46 $1,098.38 $0.00 $1,403.43 $250,715.27
148 $250,715.27 $1,098.38 $0.00 $1,417.58 $253,231.23
149 $253,231.23 $1,098.38 $0.00 $1,431.81 $255,761.42
150 $255,761.42 $1,098.38 $0.00 $1,446.11 $258,305.91
151 $258,305.91 $1,098.38 $0.00 $1,460.50 $260,864.79
152 $260,864.79 $1,098.38 $0.00 $1,474.97 $263,438.14
153 $263,438.14 $1,098.38 $0.00 $1,489.52 $266,026.04
154 $266,026.04 $1,098.38 $0.00 $1,504.15 $268,628.57
155 $268,628.57 $1,098.38 $0.00 $1,518.86 $271,245.81
156 $271,245.81 $1,098.38 $0.00 $1,533.66 $273,877.85
157 $273,877.85 $1,098.38 $0.00 $1,548.55 $276,524.78
158 $276,524.78 $1,098.38 $0.00 $1,563.51 $279,186.67
159 $279,186.67 $1,098.38 $0.00 $1,578.56 $281,863.61
160 $281,863.61 $1,098.38 $0.00 $1,593.70 $284,555.69
161 $284,555.69 $1,098.38 $0.00 $1,608.92 $287,262.99
162 $287,262.99 $1,098.38 $0.00 $1,624.23 $289,985.60
163 $289,985.60 $1,098.38 $0.00 $1,639.62 $292,723.60
164 $292,723.60 $1,098.38 $0.00 $1,655.10 $295,477.08
165 $295,477.08 $1,098.38 $0.00 $1,670.67 $298,246.13
166 $298,246.13 $1,098.38 $0.00 $1,686.33 $301,030.84
167 $301,030.84 $1,098.38 $0.00 $1,702.07 $303,831.29
168 $303,831.29 $1,098.38 $0.00 $1,717.91 $306,647.58
169 $306,647.58 $1,098.38 $0.00 $1,733.83 $309,479.79
170 $309,479.79 $1,098.38 $0.00 $1,749.84 $312,328.01
171 $312,328.01 $1,098.38 $0.00 $1,765.95 $315,192.34
172 $315,192.34 $1,098.38 $0.00 $1,782.14 $318,072.86
173 $318,072.86 $1,098.38 $0.00 $1,798.43 $320,969.67
174 $320,969.67 $1,098.38 $0.00 $1,814.81 $323,882.86
175 $323,882.86 $1,098.38 $0.00 $1,831.28 $326,812.52
176 $326,812.52 $1,098.38 $0.00 $1,847.85 $329,758.75
177 $329,758.75 $1,098.38 $0.00 $1,864.50 $332,721.63
178 $332,721.63 $1,098.38 $0.00 $1,881.26 $335,701.27
179 $335,701.27 $1,098.38 $0.00 $1,898.10 $338,697.75
180 $338,697.75 $1,098.38 $0.00 $1,915.05 $341,711.18
181 $341,711.18 $1,098.38 $0.00 $1,932.08 $344,741.64
182 $344,741.64 $1,098.38 $0.00 $1,949.22 $347,789.24
183 $347,789.24 $1,098.38 $0.00 $1,966.45 $350,854.07
184 $350,854.07 $1,098.38 $0.00 $1,983.78 $353,936.23
185 $353,936.23 $1,098.38 $0.00 $2,001.21 $357,035.82
186 $357,035.82 $1,098.38 $0.00 $2,018.73 $360,152.93
187 $360,152.93 $1,098.38 $0.00 $2,036.36 $363,287.67
188 $363,287.67 $1,098.38 $0.00 $2,054.08 $366,440.13
189 $366,440.13 $1,098.38 $0.00 $2,071.91 $369,610.42
190 $369,610.42 $1,098.38 $0.00 $2,089.83 $372,798.63
191 $372,798.63 $1,098.38 $0.00 $2,107.86 $376,004.87
192 $376,004.87 $1,098.38 $0.00 $2,125.99 $379,229.24
193 $379,229.24 $1,098.38 $0.00 $2,144.22 $382,471.84
194 $382,471.84 $1,098.38 $0.00 $2,162.55 $385,732.77
195 $385,732.77 $1,098.38 $0.00 $2,180.99 $389,012.14
196 $389,012.14 $1,098.38 $0.00 $2,199.53 $392,310.05
197 $392,310.05 $1,098.38 $0.00 $2,218.18 $395,626.61
198 $395,626.61 $1,098.38 $0.00 $2,236.93 $398,961.92
199 $398,961.92 $1,098.38 $0.00 $2,255.79 $402,316.09
200 $402,316.09 $1,098.38 $0.00 $2,274.75 $405,689.22
201 $405,689.22 $1,098.38 $0.00 $2,293.83 $409,081.43
202 $409,081.43 $1,098.38 $0.00 $2,313.01 $412,492.82
203 $412,492.82 $1,098.38 $0.00 $2,332.29 $415,923.49
204 $415,923.49 $1,098.38 $0.00 $2,351.69 $419,373.56
205 $419,373.56 $1,098.38 $0.00 $2,371.20 $422,843.14
206 $422,843.14 $1,098.38 $0.00 $2,390.82 $426,332.34
207 $426,332.34 $1,098.38 $0.00 $2,410.55 $429,841.27
208 $429,841.27 $1,098.38 $0.00 $2,430.39 $433,370.04
209 $433,370.04 $1,098.38 $0.00 $2,450.34 $436,918.76
210 $436,918.76 $1,098.38 $0.00 $2,470.40 $440,487.54
211 $440,487.54 $1,098.38 $0.00 $2,490.58 $444,076.50
212 $444,076.50 $1,098.38 $0.00 $2,510.87 $447,685.75
213 $447,685.75 $1,098.38 $0.00 $2,531.28 $451,315.41
214 $451,315.41 $1,098.38 $0.00 $2,551.80 $454,965.59
215 $454,965.59 $1,098.38 $0.00 $2,572.44 $458,636.41
216 $458,636.41 $1,098.38 $0.00 $2,593.20 $462,327.99
217 $462,327.99 $1,098.38 $128,773.38 $2,614.07 $337,267.06
218 $337,267.06 $1,098.38 $0.00 $1,906.96 $340,272.40
219 $340,272.40 $1,098.38 $0.00 $1,923.95 $343,294.73
220 $343,294.73 $1,098.38 $0.00 $1,941.04 $346,334.15
221 $346,334.15 $1,098.38 $0.00 $1,958.22 $349,390.75
222 $349,390.75 $1,098.38 $0.00 $1,975.51 $352,464.64
223 $352,464.64 $1,098.38 $0.00 $1,992.89 $355,555.91
224 $355,555.91 $1,098.38 $0.00 $2,010.36 $358,664.65
225 $358,664.65 $1,098.38 $0.00 $2,027.94 $361,790.97
226 $361,790.97 $1,098.38 $0.00 $2,045.62 $364,934.97
227 $364,934.97 $1,098.38 $0.00 $2,063.40 $368,096.75
228 $368,096.75 $1,098.38 $0.00 $2,081.27 $371,276.40
229 $371,276.40 $1,098.38 $135,212.05 $2,099.25 $239,261.98
230 $239,261.98 $1,098.38 $0.00 $1,352.82 $241,713.18
231 $241,713.18 $1,098.38 $0.00 $1,366.68 $244,178.24
232 $244,178.24 $1,098.38 $0.00 $1,380.62 $246,657.24
233 $246,657.24 $1,098.38 $0.00 $1,394.64 $249,150.26
234 $249,150.26 $1,098.38 $0.00 $1,408.73 $251,657.37
235 $251,657.37 $1,098.38 $0.00 $1,422.91 $254,178.66
236 $254,178.66 $1,098.38 $0.00 $1,437.16 $256,714.20
237 $256,714.20 $1,098.38 $0.00 $1,451.50 $259,264.08
238 $259,264.08 $1,098.38 $0.00 $1,465.92 $261,828.38
239 $261,828.38 $1,098.38 $0.00 $1,480.42 $264,407.18
240 $264,407.18 $1,098.38 $0.00 $1,495.00 $267,000.56
241 $267,000.56 $1,098.38 $141,972.65 $1,509.66 $127,635.95
242 $127,635.95 $1,098.38 $0.00 $721.67 $129,456.00
243 $129,456.00 $1,098.38 $0.00 $731.96 $131,286.34
244 $131,286.34 $1,098.38 $0.00 $742.31 $133,127.03
245 $133,127.03 $1,098.38 $0.00 $752.72 $134,978.13
246 $134,978.13 $1,098.38 $0.00 $763.19 $136,839.70
247 $136,839.70 $1,098.38 $0.00 $773.71 $138,711.79
248 $138,711.79 $1,098.38 $0.00 $784.30 $140,594.47
249 $140,594.47 $1,098.38 $0.00 $794.94 $142,487.79
250 $142,487.79 $1,098.38 $0.00 $805.65 $144,391.82
251 $144,391.82 $1,098.38 $0.00 $816.41 $146,306.61
252 $146,306.61 $1,098.38 $0.00 $827.24 $148,232.23
253 $148,232.23 $0.00 $149,071.29 $838.13 ($0.93)