Savings Plan and Future Cost Estimation for Scripps College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$202,981
Monthly savings required$1,607

How much will it cost to send your child to Scripps College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $811,922.87 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,606.76 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$78,274.00
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 $1,606.76 $0.00 $0.00 $1,606.76
2 $1,606.76 $1,606.76 $0.00 $9.08 $3,222.60
3 $3,222.60 $1,606.76 $0.00 $18.22 $4,847.58
4 $4,847.58 $1,606.76 $0.00 $27.41 $6,481.75
5 $6,481.75 $1,606.76 $0.00 $36.65 $8,125.16
6 $8,125.16 $1,606.76 $0.00 $45.94 $9,777.86
7 $9,777.86 $1,606.76 $0.00 $55.29 $11,439.91
8 $11,439.91 $1,606.76 $0.00 $64.68 $13,111.35
9 $13,111.35 $1,606.76 $0.00 $74.13 $14,792.24
10 $14,792.24 $1,606.76 $0.00 $83.64 $16,482.64
11 $16,482.64 $1,606.76 $0.00 $93.20 $18,182.60
12 $18,182.60 $1,606.76 $0.00 $102.81 $19,892.17
13 $19,892.17 $1,606.76 $0.00 $112.47 $21,611.40
14 $21,611.40 $1,606.76 $0.00 $122.19 $23,340.35
15 $23,340.35 $1,606.76 $0.00 $131.97 $25,079.08
16 $25,079.08 $1,606.76 $0.00 $141.80 $26,827.64
17 $26,827.64 $1,606.76 $0.00 $151.69 $28,586.09
18 $28,586.09 $1,606.76 $0.00 $161.63 $30,354.48
19 $30,354.48 $1,606.76 $0.00 $171.63 $32,132.87
20 $32,132.87 $1,606.76 $0.00 $181.68 $33,921.31
21 $33,921.31 $1,606.76 $0.00 $191.80 $35,719.87
22 $35,719.87 $1,606.76 $0.00 $201.97 $37,528.60
23 $37,528.60 $1,606.76 $0.00 $212.19 $39,347.55
24 $39,347.55 $1,606.76 $0.00 $222.48 $41,176.79
25 $41,176.79 $1,606.76 $0.00 $232.82 $43,016.37
26 $43,016.37 $1,606.76 $0.00 $243.22 $44,866.35
27 $44,866.35 $1,606.76 $0.00 $253.68 $46,726.79
28 $46,726.79 $1,606.76 $0.00 $264.20 $48,597.75
29 $48,597.75 $1,606.76 $0.00 $274.78 $50,479.29
30 $50,479.29 $1,606.76 $0.00 $285.42 $52,371.47
31 $52,371.47 $1,606.76 $0.00 $296.12 $54,274.35
32 $54,274.35 $1,606.76 $0.00 $306.88 $56,187.99
33 $56,187.99 $1,606.76 $0.00 $317.70 $58,112.45
34 $58,112.45 $1,606.76 $0.00 $328.58 $60,047.79
35 $60,047.79 $1,606.76 $0.00 $339.52 $61,994.07
36 $61,994.07 $1,606.76 $0.00 $350.52 $63,951.35
37 $63,951.35 $1,606.76 $0.00 $361.59 $65,919.70
38 $65,919.70 $1,606.76 $0.00 $372.72 $67,899.18
39 $67,899.18 $1,606.76 $0.00 $383.91 $69,889.85
40 $69,889.85 $1,606.76 $0.00 $395.17 $71,891.78
41 $71,891.78 $1,606.76 $0.00 $406.49 $73,905.03
42 $73,905.03 $1,606.76 $0.00 $417.87 $75,929.66
43 $75,929.66 $1,606.76 $0.00 $429.32 $77,965.74
44 $77,965.74 $1,606.76 $0.00 $440.83 $80,013.33
45 $80,013.33 $1,606.76 $0.00 $452.41 $82,072.50
46 $82,072.50 $1,606.76 $0.00 $464.05 $84,143.31
47 $84,143.31 $1,606.76 $0.00 $475.76 $86,225.83
48 $86,225.83 $1,606.76 $0.00 $487.53 $88,320.12
49 $88,320.12 $1,606.76 $0.00 $499.37 $90,426.25
50 $90,426.25 $1,606.76 $0.00 $511.28 $92,544.29
51 $92,544.29 $1,606.76 $0.00 $523.26 $94,674.31
52 $94,674.31 $1,606.76 $0.00 $535.30 $96,816.37
53 $96,816.37 $1,606.76 $0.00 $547.41 $98,970.54
54 $98,970.54 $1,606.76 $0.00 $559.59 $101,136.89
55 $101,136.89 $1,606.76 $0.00 $571.84 $103,315.49
56 $103,315.49 $1,606.76 $0.00 $584.16 $105,506.41
57 $105,506.41 $1,606.76 $0.00 $596.55 $107,709.72
58 $107,709.72 $1,606.76 $0.00 $609.01 $109,925.49
59 $109,925.49 $1,606.76 $0.00 $621.53 $112,153.78
60 $112,153.78 $1,606.76 $0.00 $634.13 $114,394.67
61 $114,394.67 $1,606.76 $0.00 $646.80 $116,648.23
62 $116,648.23 $1,606.76 $0.00 $659.55 $118,914.54
63 $118,914.54 $1,606.76 $0.00 $672.36 $121,193.66
64 $121,193.66 $1,606.76 $0.00 $685.25 $123,485.67
65 $123,485.67 $1,606.76 $0.00 $698.21 $125,790.64
66 $125,790.64 $1,606.76 $0.00 $711.24 $128,108.64
67 $128,108.64 $1,606.76 $0.00 $724.34 $130,439.74
68 $130,439.74 $1,606.76 $0.00 $737.53 $132,784.03
69 $132,784.03 $1,606.76 $0.00 $750.78 $135,141.57
70 $135,141.57 $1,606.76 $0.00 $764.11 $137,512.44
71 $137,512.44 $1,606.76 $0.00 $777.52 $139,896.72
72 $139,896.72 $1,606.76 $0.00 $791.00 $142,294.48
73 $142,294.48 $1,606.76 $0.00 $804.55 $144,705.79
74 $144,705.79 $1,606.76 $0.00 $818.19 $147,130.74
75 $147,130.74 $1,606.76 $0.00 $831.90 $149,569.40
76 $149,569.40 $1,606.76 $0.00 $845.69 $152,021.85
77 $152,021.85 $1,606.76 $0.00 $859.55 $154,488.16
78 $154,488.16 $1,606.76 $0.00 $873.50 $156,968.42
79 $156,968.42 $1,606.76 $0.00 $887.52 $159,462.70
80 $159,462.70 $1,606.76 $0.00 $901.63 $161,971.09
81 $161,971.09 $1,606.76 $0.00 $915.81 $164,493.66
82 $164,493.66 $1,606.76 $0.00 $930.07 $167,030.49
83 $167,030.49 $1,606.76 $0.00 $944.41 $169,581.66
84 $169,581.66 $1,606.76 $0.00 $958.84 $172,147.26
85 $172,147.26 $1,606.76 $0.00 $973.35 $174,727.37
86 $174,727.37 $1,606.76 $0.00 $987.93 $177,322.06
87 $177,322.06 $1,606.76 $0.00 $1,002.60 $179,931.42
88 $179,931.42 $1,606.76 $0.00 $1,017.36 $182,555.54
89 $182,555.54 $1,606.76 $0.00 $1,032.20 $185,194.50
90 $185,194.50 $1,606.76 $0.00 $1,047.12 $187,848.38
91 $187,848.38 $1,606.76 $0.00 $1,062.12 $190,517.26
92 $190,517.26 $1,606.76 $0.00 $1,077.21 $193,201.23
93 $193,201.23 $1,606.76 $0.00 $1,092.39 $195,900.38
94 $195,900.38 $1,606.76 $0.00 $1,107.65 $198,614.79
95 $198,614.79 $1,606.76 $0.00 $1,123.00 $201,344.55
96 $201,344.55 $1,606.76 $0.00 $1,138.43 $204,089.74
97 $204,089.74 $1,606.76 $0.00 $1,153.95 $206,850.45
98 $206,850.45 $1,606.76 $0.00 $1,169.56 $209,626.77
99 $209,626.77 $1,606.76 $0.00 $1,185.26 $212,418.79
100 $212,418.79 $1,606.76 $0.00 $1,201.05 $215,226.60
101 $215,226.60 $1,606.76 $0.00 $1,216.92 $218,050.28
102 $218,050.28 $1,606.76 $0.00 $1,232.89 $220,889.93
103 $220,889.93 $1,606.76 $0.00 $1,248.94 $223,745.63
104 $223,745.63 $1,606.76 $0.00 $1,265.09 $226,617.48
105 $226,617.48 $1,606.76 $0.00 $1,281.33 $229,505.57
106 $229,505.57 $1,606.76 $0.00 $1,297.66 $232,409.99
107 $232,409.99 $1,606.76 $0.00 $1,314.08 $235,330.83
108 $235,330.83 $1,606.76 $0.00 $1,330.59 $238,268.18
109 $238,268.18 $1,606.76 $0.00 $1,347.20 $241,222.14
110 $241,222.14 $1,606.76 $0.00 $1,363.91 $244,192.81
111 $244,192.81 $1,606.76 $0.00 $1,380.70 $247,180.27
112 $247,180.27 $1,606.76 $0.00 $1,397.59 $250,184.62
113 $250,184.62 $1,606.76 $0.00 $1,414.58 $253,205.96
114 $253,205.96 $1,606.76 $0.00 $1,431.66 $256,244.38
115 $256,244.38 $1,606.76 $0.00 $1,448.84 $259,299.98
116 $259,299.98 $1,606.76 $0.00 $1,466.12 $262,372.86
117 $262,372.86 $1,606.76 $0.00 $1,483.49 $265,463.11
118 $265,463.11 $1,606.76 $0.00 $1,500.97 $268,570.84
119 $268,570.84 $1,606.76 $0.00 $1,518.54 $271,696.14
120 $271,696.14 $1,606.76 $0.00 $1,536.21 $274,839.11
121 $274,839.11 $1,606.76 $0.00 $1,553.98 $277,999.85
122 $277,999.85 $1,606.76 $0.00 $1,571.85 $281,178.46
123 $281,178.46 $1,606.76 $0.00 $1,589.82 $284,375.04
124 $284,375.04 $1,606.76 $0.00 $1,607.90 $287,589.70
125 $287,589.70 $1,606.76 $0.00 $1,626.07 $290,822.53
126 $290,822.53 $1,606.76 $0.00 $1,644.35 $294,073.64
127 $294,073.64 $1,606.76 $0.00 $1,662.74 $297,343.14
128 $297,343.14 $1,606.76 $0.00 $1,681.22 $300,631.12
129 $300,631.12 $1,606.76 $0.00 $1,699.81 $303,937.69
130 $303,937.69 $1,606.76 $0.00 $1,718.51 $307,262.96
131 $307,262.96 $1,606.76 $0.00 $1,737.31 $310,607.03
132 $310,607.03 $1,606.76 $0.00 $1,756.22 $313,970.01
133 $313,970.01 $1,606.76 $0.00 $1,775.23 $317,352.00
134 $317,352.00 $1,606.76 $0.00 $1,794.35 $320,753.11
135 $320,753.11 $1,606.76 $0.00 $1,813.58 $324,173.45
136 $324,173.45 $1,606.76 $0.00 $1,832.92 $327,613.13
137 $327,613.13 $1,606.76 $0.00 $1,852.37 $331,072.26
138 $331,072.26 $1,606.76 $0.00 $1,871.93 $334,550.95
139 $334,550.95 $1,606.76 $0.00 $1,891.60 $338,049.31
140 $338,049.31 $1,606.76 $0.00 $1,911.38 $341,567.45
141 $341,567.45 $1,606.76 $0.00 $1,931.27 $345,105.48
142 $345,105.48 $1,606.76 $0.00 $1,951.28 $348,663.52
143 $348,663.52 $1,606.76 $0.00 $1,971.39 $352,241.67
144 $352,241.67 $1,606.76 $0.00 $1,991.63 $355,840.06
145 $355,840.06 $1,606.76 $0.00 $2,011.97 $359,458.79
146 $359,458.79 $1,606.76 $0.00 $2,032.43 $363,097.98
147 $363,097.98 $1,606.76 $0.00 $2,053.01 $366,757.75
148 $366,757.75 $1,606.76 $0.00 $2,073.70 $370,438.21
149 $370,438.21 $1,606.76 $0.00 $2,094.51 $374,139.48
150 $374,139.48 $1,606.76 $0.00 $2,115.44 $377,861.68
151 $377,861.68 $1,606.76 $0.00 $2,136.48 $381,604.92
152 $381,604.92 $1,606.76 $0.00 $2,157.65 $385,369.33
153 $385,369.33 $1,606.76 $0.00 $2,178.93 $389,155.02
154 $389,155.02 $1,606.76 $0.00 $2,200.34 $392,962.12
155 $392,962.12 $1,606.76 $0.00 $2,221.86 $396,790.74
156 $396,790.74 $1,606.76 $0.00 $2,243.51 $400,641.01
157 $400,641.01 $1,606.76 $0.00 $2,265.28 $404,513.05
158 $404,513.05 $1,606.76 $0.00 $2,287.18 $408,406.99
159 $408,406.99 $1,606.76 $0.00 $2,309.19 $412,322.94
160 $412,322.94 $1,606.76 $0.00 $2,331.33 $416,261.03
161 $416,261.03 $1,606.76 $0.00 $2,353.60 $420,221.39
162 $420,221.39 $1,606.76 $0.00 $2,375.99 $424,204.14
163 $424,204.14 $1,606.76 $0.00 $2,398.51 $428,209.41
164 $428,209.41 $1,606.76 $0.00 $2,421.16 $432,237.33
165 $432,237.33 $1,606.76 $0.00 $2,443.93 $436,288.02
166 $436,288.02 $1,606.76 $0.00 $2,466.84 $440,361.62
167 $440,361.62 $1,606.76 $0.00 $2,489.87 $444,458.25
168 $444,458.25 $1,606.76 $0.00 $2,513.03 $448,578.04
169 $448,578.04 $1,606.76 $0.00 $2,536.33 $452,721.13
170 $452,721.13 $1,606.76 $0.00 $2,559.75 $456,887.64
171 $456,887.64 $1,606.76 $0.00 $2,583.31 $461,077.71
172 $461,077.71 $1,606.76 $0.00 $2,607.00 $465,291.47
173 $465,291.47 $1,606.76 $0.00 $2,630.83 $469,529.06
174 $469,529.06 $1,606.76 $0.00 $2,654.79 $473,790.61
175 $473,790.61 $1,606.76 $0.00 $2,678.88 $478,076.25
176 $478,076.25 $1,606.76 $0.00 $2,703.11 $482,386.12
177 $482,386.12 $1,606.76 $0.00 $2,727.48 $486,720.36
178 $486,720.36 $1,606.76 $0.00 $2,751.99 $491,079.11
179 $491,079.11 $1,606.76 $0.00 $2,776.63 $495,462.50
180 $495,462.50 $1,606.76 $0.00 $2,801.42 $499,870.68
181 $499,870.68 $1,606.76 $0.00 $2,826.34 $504,303.78
182 $504,303.78 $1,606.76 $0.00 $2,851.41 $508,761.95
183 $508,761.95 $1,606.76 $0.00 $2,876.61 $513,245.32
184 $513,245.32 $1,606.76 $0.00 $2,901.96 $517,754.04
185 $517,754.04 $1,606.76 $0.00 $2,927.46 $522,288.26
186 $522,288.26 $1,606.76 $0.00 $2,953.09 $526,848.11
187 $526,848.11 $1,606.76 $0.00 $2,978.88 $531,433.75
188 $531,433.75 $1,606.76 $0.00 $3,004.80 $536,045.31
189 $536,045.31 $1,606.76 $0.00 $3,030.88 $540,682.95
190 $540,682.95 $1,606.76 $0.00 $3,057.10 $545,346.81
191 $545,346.81 $1,606.76 $0.00 $3,083.47 $550,037.04
192 $550,037.04 $1,606.76 $0.00 $3,109.99 $554,753.79
193 $554,753.79 $1,606.76 $0.00 $3,136.66 $559,497.21
194 $559,497.21 $1,606.76 $0.00 $3,163.48 $564,267.45
195 $564,267.45 $1,606.76 $0.00 $3,190.45 $569,064.66
196 $569,064.66 $1,606.76 $0.00 $3,217.57 $573,888.99
197 $573,888.99 $1,606.76 $0.00 $3,244.85 $578,740.60
198 $578,740.60 $1,606.76 $0.00 $3,272.28 $583,619.64
199 $583,619.64 $1,606.76 $0.00 $3,299.87 $588,526.27
200 $588,526.27 $1,606.76 $0.00 $3,327.61 $593,460.64
201 $593,460.64 $1,606.76 $0.00 $3,355.51 $598,422.91
202 $598,422.91 $1,606.76 $0.00 $3,383.57 $603,413.24
203 $603,413.24 $1,606.76 $0.00 $3,411.79 $608,431.79
204 $608,431.79 $1,606.76 $0.00 $3,440.16 $613,478.71
205 $613,478.71 $1,606.76 $0.00 $3,468.70 $618,554.17
206 $618,554.17 $1,606.76 $0.00 $3,497.40 $623,658.33
207 $623,658.33 $1,606.76 $0.00 $3,526.25 $628,791.34
208 $628,791.34 $1,606.76 $0.00 $3,555.28 $633,953.38
209 $633,953.38 $1,606.76 $0.00 $3,584.46 $639,144.60
210 $639,144.60 $1,606.76 $0.00 $3,613.82 $644,365.18
211 $644,365.18 $1,606.76 $0.00 $3,643.33 $649,615.27
212 $649,615.27 $1,606.76 $0.00 $3,673.02 $654,895.05
213 $654,895.05 $1,606.76 $0.00 $3,702.87 $660,204.68
214 $660,204.68 $1,606.76 $0.00 $3,732.89 $665,544.33
215 $665,544.33 $1,606.76 $0.00 $3,763.08 $670,914.17
216 $670,914.17 $1,606.76 $0.00 $3,793.45 $676,314.38
217 $676,314.38 $1,606.76 $188,375.71 $3,823.98 $493,369.41
218 $493,369.41 $1,606.76 $0.00 $2,789.58 $497,765.75
219 $497,765.75 $1,606.76 $0.00 $2,814.44 $502,186.95
220 $502,186.95 $1,606.76 $0.00 $2,839.44 $506,633.15
221 $506,633.15 $1,606.76 $0.00 $2,864.58 $511,104.49
222 $511,104.49 $1,606.76 $0.00 $2,889.86 $515,601.11
223 $515,601.11 $1,606.76 $0.00 $2,915.28 $520,123.15
224 $520,123.15 $1,606.76 $0.00 $2,940.85 $524,670.76
225 $524,670.76 $1,606.76 $0.00 $2,966.56 $529,244.08
226 $529,244.08 $1,606.76 $0.00 $2,992.42 $533,843.26
227 $533,843.26 $1,606.76 $0.00 $3,018.43 $538,468.45
228 $538,468.45 $1,606.76 $0.00 $3,044.58 $543,119.79
229 $543,119.79 $1,606.76 $197,794.50 $3,070.88 $350,002.93
230 $350,002.93 $1,606.76 $0.00 $1,978.97 $353,588.66
231 $353,588.66 $1,606.76 $0.00 $1,999.24 $357,194.66
232 $357,194.66 $1,606.76 $0.00 $2,019.63 $360,821.05
233 $360,821.05 $1,606.76 $0.00 $2,040.13 $364,467.94
234 $364,467.94 $1,606.76 $0.00 $2,060.75 $368,135.45
235 $368,135.45 $1,606.76 $0.00 $2,081.49 $371,823.70
236 $371,823.70 $1,606.76 $0.00 $2,102.35 $375,532.81
237 $375,532.81 $1,606.76 $0.00 $2,123.32 $379,262.89
238 $379,262.89 $1,606.76 $0.00 $2,144.41 $383,014.06
239 $383,014.06 $1,606.76 $0.00 $2,165.62 $386,786.44
240 $386,786.44 $1,606.76 $0.00 $2,186.95 $390,580.15
241 $390,580.15 $1,606.76 $207,684.22 $2,208.40 $186,711.09
242 $186,711.09 $1,606.76 $0.00 $1,055.69 $189,373.54
243 $189,373.54 $1,606.76 $0.00 $1,070.75 $192,051.05
244 $192,051.05 $1,606.76 $0.00 $1,085.88 $194,743.69
245 $194,743.69 $1,606.76 $0.00 $1,101.11 $197,451.56
246 $197,451.56 $1,606.76 $0.00 $1,116.42 $200,174.74
247 $200,174.74 $1,606.76 $0.00 $1,131.82 $202,913.32
248 $202,913.32 $1,606.76 $0.00 $1,147.30 $205,667.38
249 $205,667.38 $1,606.76 $0.00 $1,162.87 $208,437.01
250 $208,437.01 $1,606.76 $0.00 $1,178.53 $211,222.30
251 $211,222.30 $1,606.76 $0.00 $1,194.28 $214,023.34
252 $214,023.34 $1,606.76 $0.00 $1,210.12 $216,840.22
253 $216,840.22 $0.00 $218,068.44 $1,226.05 ($2.17)