Savings Plan and Future Cost Estimation for Southern California Institute of Technology

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$151,373
Monthly savings required$1,196

How much will it cost to send your child to Southern California Institute of Technology in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $605,490.60 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,196.33 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$40,348.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

Update Your Savings Plan

Discover how much will you need to start saving now to afford Southern California Institute of Technology in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,196.33 $0.00 $0.00 $1,196.33
2 $1,196.33 $1,196.33 $0.00 $6.76 $2,399.42
3 $2,399.42 $1,196.33 $0.00 $13.57 $3,609.32
4 $3,609.32 $1,196.33 $0.00 $20.41 $4,826.06
5 $4,826.06 $1,196.33 $0.00 $27.29 $6,049.68
6 $6,049.68 $1,196.33 $0.00 $34.21 $7,280.22
7 $7,280.22 $1,196.33 $0.00 $41.16 $8,517.71
8 $8,517.71 $1,196.33 $0.00 $48.16 $9,762.20
9 $9,762.20 $1,196.33 $0.00 $55.20 $11,013.73
10 $11,013.73 $1,196.33 $0.00 $62.27 $12,272.33
11 $12,272.33 $1,196.33 $0.00 $69.39 $13,538.05
12 $13,538.05 $1,196.33 $0.00 $76.55 $14,810.93
13 $14,810.93 $1,196.33 $0.00 $83.74 $16,091.00
14 $16,091.00 $1,196.33 $0.00 $90.98 $17,378.31
15 $17,378.31 $1,196.33 $0.00 $98.26 $18,672.90
16 $18,672.90 $1,196.33 $0.00 $105.58 $19,974.81
17 $19,974.81 $1,196.33 $0.00 $112.94 $21,284.08
18 $21,284.08 $1,196.33 $0.00 $120.34 $22,600.75
19 $22,600.75 $1,196.33 $0.00 $127.79 $23,924.87
20 $23,924.87 $1,196.33 $0.00 $135.27 $25,256.47
21 $25,256.47 $1,196.33 $0.00 $142.80 $26,595.60
22 $26,595.60 $1,196.33 $0.00 $150.38 $27,942.31
23 $27,942.31 $1,196.33 $0.00 $157.99 $29,296.63
24 $29,296.63 $1,196.33 $0.00 $165.65 $30,658.61
25 $30,658.61 $1,196.33 $0.00 $173.35 $32,028.29
26 $32,028.29 $1,196.33 $0.00 $181.09 $33,405.71
27 $33,405.71 $1,196.33 $0.00 $188.88 $34,790.92
28 $34,790.92 $1,196.33 $0.00 $196.71 $36,183.96
29 $36,183.96 $1,196.33 $0.00 $204.59 $37,584.88
30 $37,584.88 $1,196.33 $0.00 $212.51 $38,993.72
31 $38,993.72 $1,196.33 $0.00 $220.48 $40,410.53
32 $40,410.53 $1,196.33 $0.00 $228.49 $41,835.35
33 $41,835.35 $1,196.33 $0.00 $236.54 $43,268.22
34 $43,268.22 $1,196.33 $0.00 $244.64 $44,709.19
35 $44,709.19 $1,196.33 $0.00 $252.79 $46,158.31
36 $46,158.31 $1,196.33 $0.00 $260.99 $47,615.63
37 $47,615.63 $1,196.33 $0.00 $269.23 $49,081.19
38 $49,081.19 $1,196.33 $0.00 $277.51 $50,555.03
39 $50,555.03 $1,196.33 $0.00 $285.85 $52,037.21
40 $52,037.21 $1,196.33 $0.00 $294.23 $53,527.77
41 $53,527.77 $1,196.33 $0.00 $302.65 $55,026.75
42 $55,026.75 $1,196.33 $0.00 $311.13 $56,534.21
43 $56,534.21 $1,196.33 $0.00 $319.65 $58,050.19
44 $58,050.19 $1,196.33 $0.00 $328.22 $59,574.74
45 $59,574.74 $1,196.33 $0.00 $336.84 $61,107.91
46 $61,107.91 $1,196.33 $0.00 $345.51 $62,649.75
47 $62,649.75 $1,196.33 $0.00 $354.23 $64,200.31
48 $64,200.31 $1,196.33 $0.00 $363.00 $65,759.64
49 $65,759.64 $1,196.33 $0.00 $371.81 $67,327.78
50 $67,327.78 $1,196.33 $0.00 $380.68 $68,904.79
51 $68,904.79 $1,196.33 $0.00 $389.60 $70,490.72
52 $70,490.72 $1,196.33 $0.00 $398.56 $72,085.61
53 $72,085.61 $1,196.33 $0.00 $407.58 $73,689.52
54 $73,689.52 $1,196.33 $0.00 $416.65 $75,302.50
55 $75,302.50 $1,196.33 $0.00 $425.77 $76,924.60
56 $76,924.60 $1,196.33 $0.00 $434.94 $78,555.87
57 $78,555.87 $1,196.33 $0.00 $444.17 $80,196.37
58 $80,196.37 $1,196.33 $0.00 $453.44 $81,846.14
59 $81,846.14 $1,196.33 $0.00 $462.77 $83,505.24
60 $83,505.24 $1,196.33 $0.00 $472.15 $85,173.72
61 $85,173.72 $1,196.33 $0.00 $481.58 $86,851.63
62 $86,851.63 $1,196.33 $0.00 $491.07 $88,539.03
63 $88,539.03 $1,196.33 $0.00 $500.61 $90,235.97
64 $90,235.97 $1,196.33 $0.00 $510.21 $91,942.51
65 $91,942.51 $1,196.33 $0.00 $519.86 $93,658.70
66 $93,658.70 $1,196.33 $0.00 $529.56 $95,384.59
67 $95,384.59 $1,196.33 $0.00 $539.32 $97,120.24
68 $97,120.24 $1,196.33 $0.00 $549.13 $98,865.70
69 $98,865.70 $1,196.33 $0.00 $559.00 $100,621.03
70 $100,621.03 $1,196.33 $0.00 $568.93 $102,386.29
71 $102,386.29 $1,196.33 $0.00 $578.91 $104,161.53
72 $104,161.53 $1,196.33 $0.00 $588.94 $105,946.80
73 $105,946.80 $1,196.33 $0.00 $599.04 $107,742.17
74 $107,742.17 $1,196.33 $0.00 $609.19 $109,547.69
75 $109,547.69 $1,196.33 $0.00 $619.40 $111,363.42
76 $111,363.42 $1,196.33 $0.00 $629.66 $113,189.41
77 $113,189.41 $1,196.33 $0.00 $639.99 $115,025.73
78 $115,025.73 $1,196.33 $0.00 $650.37 $116,872.43
79 $116,872.43 $1,196.33 $0.00 $660.81 $118,729.57
80 $118,729.57 $1,196.33 $0.00 $671.31 $120,597.21
81 $120,597.21 $1,196.33 $0.00 $681.87 $122,475.41
82 $122,475.41 $1,196.33 $0.00 $692.49 $124,364.23
83 $124,364.23 $1,196.33 $0.00 $703.17 $126,263.73
84 $126,263.73 $1,196.33 $0.00 $713.91 $128,173.97
85 $128,173.97 $1,196.33 $0.00 $724.71 $130,095.01
86 $130,095.01 $1,196.33 $0.00 $735.58 $132,026.92
87 $132,026.92 $1,196.33 $0.00 $746.50 $133,969.75
88 $133,969.75 $1,196.33 $0.00 $757.48 $135,923.56
89 $135,923.56 $1,196.33 $0.00 $768.53 $137,888.42
90 $137,888.42 $1,196.33 $0.00 $779.64 $139,864.39
91 $139,864.39 $1,196.33 $0.00 $790.81 $141,851.53
92 $141,851.53 $1,196.33 $0.00 $802.05 $143,849.91
93 $143,849.91 $1,196.33 $0.00 $813.35 $145,859.59
94 $145,859.59 $1,196.33 $0.00 $824.71 $147,880.63
95 $147,880.63 $1,196.33 $0.00 $836.14 $149,913.10
96 $149,913.10 $1,196.33 $0.00 $847.63 $151,957.06
97 $151,957.06 $1,196.33 $0.00 $859.19 $154,012.58
98 $154,012.58 $1,196.33 $0.00 $870.81 $156,079.72
99 $156,079.72 $1,196.33 $0.00 $882.50 $158,158.55
100 $158,158.55 $1,196.33 $0.00 $894.25 $160,249.13
101 $160,249.13 $1,196.33 $0.00 $906.07 $162,351.53
102 $162,351.53 $1,196.33 $0.00 $917.96 $164,465.82
103 $164,465.82 $1,196.33 $0.00 $929.91 $166,592.06
104 $166,592.06 $1,196.33 $0.00 $941.94 $168,730.33
105 $168,730.33 $1,196.33 $0.00 $954.03 $170,880.69
106 $170,880.69 $1,196.33 $0.00 $966.18 $173,043.20
107 $173,043.20 $1,196.33 $0.00 $978.41 $175,217.94
108 $175,217.94 $1,196.33 $0.00 $990.71 $177,404.98
109 $177,404.98 $1,196.33 $0.00 $1,003.07 $179,604.38
110 $179,604.38 $1,196.33 $0.00 $1,015.51 $181,816.22
111 $181,816.22 $1,196.33 $0.00 $1,028.02 $184,040.57
112 $184,040.57 $1,196.33 $0.00 $1,040.59 $186,277.49
113 $186,277.49 $1,196.33 $0.00 $1,053.24 $188,527.06
114 $188,527.06 $1,196.33 $0.00 $1,065.96 $190,789.35
115 $190,789.35 $1,196.33 $0.00 $1,078.75 $193,064.43
116 $193,064.43 $1,196.33 $0.00 $1,091.61 $195,352.37
117 $195,352.37 $1,196.33 $0.00 $1,104.55 $197,653.25
118 $197,653.25 $1,196.33 $0.00 $1,117.56 $199,967.14
119 $199,967.14 $1,196.33 $0.00 $1,130.64 $202,294.11
120 $202,294.11 $1,196.33 $0.00 $1,143.80 $204,634.24
121 $204,634.24 $1,196.33 $0.00 $1,157.03 $206,987.60
122 $206,987.60 $1,196.33 $0.00 $1,170.34 $209,354.27
123 $209,354.27 $1,196.33 $0.00 $1,183.72 $211,734.32
124 $211,734.32 $1,196.33 $0.00 $1,197.18 $214,127.83
125 $214,127.83 $1,196.33 $0.00 $1,210.71 $216,534.87
126 $216,534.87 $1,196.33 $0.00 $1,224.32 $218,955.52
127 $218,955.52 $1,196.33 $0.00 $1,238.01 $221,389.86
128 $221,389.86 $1,196.33 $0.00 $1,251.77 $223,837.96
129 $223,837.96 $1,196.33 $0.00 $1,265.61 $226,299.90
130 $226,299.90 $1,196.33 $0.00 $1,279.53 $228,775.76
131 $228,775.76 $1,196.33 $0.00 $1,293.53 $231,265.62
132 $231,265.62 $1,196.33 $0.00 $1,307.61 $233,769.56
133 $233,769.56 $1,196.33 $0.00 $1,321.77 $236,287.66
134 $236,287.66 $1,196.33 $0.00 $1,336.00 $238,819.99
135 $238,819.99 $1,196.33 $0.00 $1,350.32 $241,366.64
136 $241,366.64 $1,196.33 $0.00 $1,364.72 $243,927.69
137 $243,927.69 $1,196.33 $0.00 $1,379.20 $246,503.22
138 $246,503.22 $1,196.33 $0.00 $1,393.77 $249,093.32
139 $249,093.32 $1,196.33 $0.00 $1,408.41 $251,698.06
140 $251,698.06 $1,196.33 $0.00 $1,423.14 $254,317.53
141 $254,317.53 $1,196.33 $0.00 $1,437.95 $256,951.81
142 $256,951.81 $1,196.33 $0.00 $1,452.84 $259,600.98
143 $259,600.98 $1,196.33 $0.00 $1,467.82 $262,265.13
144 $262,265.13 $1,196.33 $0.00 $1,482.89 $264,944.35
145 $264,944.35 $1,196.33 $0.00 $1,498.03 $267,638.71
146 $267,638.71 $1,196.33 $0.00 $1,513.27 $270,348.31
147 $270,348.31 $1,196.33 $0.00 $1,528.59 $273,073.23
148 $273,073.23 $1,196.33 $0.00 $1,544.00 $275,813.56
149 $275,813.56 $1,196.33 $0.00 $1,559.49 $278,569.38
150 $278,569.38 $1,196.33 $0.00 $1,575.07 $281,340.78
151 $281,340.78 $1,196.33 $0.00 $1,590.74 $284,127.85
152 $284,127.85 $1,196.33 $0.00 $1,606.50 $286,930.68
153 $286,930.68 $1,196.33 $0.00 $1,622.35 $289,749.36
154 $289,749.36 $1,196.33 $0.00 $1,638.29 $292,583.98
155 $292,583.98 $1,196.33 $0.00 $1,654.31 $295,434.62
156 $295,434.62 $1,196.33 $0.00 $1,670.43 $298,301.38
157 $298,301.38 $1,196.33 $0.00 $1,686.64 $301,184.35
158 $301,184.35 $1,196.33 $0.00 $1,702.94 $304,083.62
159 $304,083.62 $1,196.33 $0.00 $1,719.33 $306,999.28
160 $306,999.28 $1,196.33 $0.00 $1,735.82 $309,931.43
161 $309,931.43 $1,196.33 $0.00 $1,752.40 $312,880.16
162 $312,880.16 $1,196.33 $0.00 $1,769.07 $315,845.56
163 $315,845.56 $1,196.33 $0.00 $1,785.84 $318,827.73
164 $318,827.73 $1,196.33 $0.00 $1,802.70 $321,826.76
165 $321,826.76 $1,196.33 $0.00 $1,819.66 $324,842.75
166 $324,842.75 $1,196.33 $0.00 $1,836.71 $327,875.79
167 $327,875.79 $1,196.33 $0.00 $1,853.86 $330,925.98
168 $330,925.98 $1,196.33 $0.00 $1,871.10 $333,993.41
169 $333,993.41 $1,196.33 $0.00 $1,888.45 $337,078.19
170 $337,078.19 $1,196.33 $0.00 $1,905.89 $340,180.41
171 $340,180.41 $1,196.33 $0.00 $1,923.43 $343,300.17
172 $343,300.17 $1,196.33 $0.00 $1,941.07 $346,437.57
173 $346,437.57 $1,196.33 $0.00 $1,958.81 $349,592.71
174 $349,592.71 $1,196.33 $0.00 $1,976.65 $352,765.69
175 $352,765.69 $1,196.33 $0.00 $1,994.59 $355,956.61
176 $355,956.61 $1,196.33 $0.00 $2,012.63 $359,165.57
177 $359,165.57 $1,196.33 $0.00 $2,030.77 $362,392.67
178 $362,392.67 $1,196.33 $0.00 $2,049.02 $365,638.02
179 $365,638.02 $1,196.33 $0.00 $2,067.37 $368,901.72
180 $368,901.72 $1,196.33 $0.00 $2,085.82 $372,183.87
181 $372,183.87 $1,196.33 $0.00 $2,104.38 $375,484.58
182 $375,484.58 $1,196.33 $0.00 $2,123.04 $378,803.95
183 $378,803.95 $1,196.33 $0.00 $2,141.81 $382,142.09
184 $382,142.09 $1,196.33 $0.00 $2,160.69 $385,499.11
185 $385,499.11 $1,196.33 $0.00 $2,179.67 $388,875.11
186 $388,875.11 $1,196.33 $0.00 $2,198.76 $392,270.20
187 $392,270.20 $1,196.33 $0.00 $2,217.95 $395,684.48
188 $395,684.48 $1,196.33 $0.00 $2,237.26 $399,118.07
189 $399,118.07 $1,196.33 $0.00 $2,256.67 $402,571.07
190 $402,571.07 $1,196.33 $0.00 $2,276.20 $406,043.60
191 $406,043.60 $1,196.33 $0.00 $2,295.83 $409,535.76
192 $409,535.76 $1,196.33 $0.00 $2,315.57 $413,047.66
193 $413,047.66 $1,196.33 $0.00 $2,335.43 $416,579.42
194 $416,579.42 $1,196.33 $0.00 $2,355.40 $420,131.15
195 $420,131.15 $1,196.33 $0.00 $2,375.48 $423,702.96
196 $423,702.96 $1,196.33 $0.00 $2,395.68 $427,294.97
197 $427,294.97 $1,196.33 $0.00 $2,415.99 $430,907.29
198 $430,907.29 $1,196.33 $0.00 $2,436.41 $434,540.03
199 $434,540.03 $1,196.33 $0.00 $2,456.95 $438,193.31
200 $438,193.31 $1,196.33 $0.00 $2,477.61 $441,867.25
201 $441,867.25 $1,196.33 $0.00 $2,498.38 $445,561.96
202 $445,561.96 $1,196.33 $0.00 $2,519.27 $449,277.56
203 $449,277.56 $1,196.33 $0.00 $2,540.28 $453,014.17
204 $453,014.17 $1,196.33 $0.00 $2,561.41 $456,771.91
205 $456,771.91 $1,196.33 $0.00 $2,582.65 $460,550.89
206 $460,550.89 $1,196.33 $0.00 $2,604.02 $464,351.24
207 $464,351.24 $1,196.33 $0.00 $2,625.51 $468,173.08
208 $468,173.08 $1,196.33 $0.00 $2,647.12 $472,016.53
209 $472,016.53 $1,196.33 $0.00 $2,668.85 $475,881.71
210 $475,881.71 $1,196.33 $0.00 $2,690.70 $479,768.74
211 $479,768.74 $1,196.33 $0.00 $2,712.68 $483,677.75
212 $483,677.75 $1,196.33 $0.00 $2,734.78 $487,608.86
213 $487,608.86 $1,196.33 $0.00 $2,757.01 $491,562.20
214 $491,562.20 $1,196.33 $0.00 $2,779.36 $495,537.89
215 $495,537.89 $1,196.33 $0.00 $2,801.84 $499,536.06
216 $499,536.06 $1,196.33 $0.00 $2,824.45 $503,556.84
217 $503,556.84 $1,196.33 $136,373.51 $2,847.18 $371,226.84
218 $371,226.84 $1,196.33 $0.00 $2,098.97 $374,522.14
219 $374,522.14 $1,196.33 $0.00 $2,117.60 $377,836.07
220 $377,836.07 $1,196.33 $0.00 $2,136.34 $381,168.74
221 $381,168.74 $1,196.33 $0.00 $2,155.18 $384,520.25
222 $384,520.25 $1,196.33 $0.00 $2,174.13 $387,890.71
223 $387,890.71 $1,196.33 $0.00 $2,193.19 $391,280.23
224 $391,280.23 $1,196.33 $0.00 $2,212.36 $394,688.92
225 $394,688.92 $1,196.33 $0.00 $2,231.63 $398,116.88
226 $398,116.88 $1,196.33 $0.00 $2,251.01 $401,564.22
227 $401,564.22 $1,196.33 $0.00 $2,270.50 $405,031.05
228 $405,031.05 $1,196.33 $0.00 $2,290.10 $408,517.48
229 $408,517.48 $1,196.33 $145,919.65 $2,309.82 $266,103.98
230 $266,103.98 $1,196.33 $0.00 $1,504.59 $268,804.90
231 $268,804.90 $1,196.33 $0.00 $1,519.86 $271,521.09
232 $271,521.09 $1,196.33 $0.00 $1,535.22 $274,252.64
233 $274,252.64 $1,196.33 $0.00 $1,550.66 $276,999.63
234 $276,999.63 $1,196.33 $0.00 $1,566.20 $279,762.16
235 $279,762.16 $1,196.33 $0.00 $1,581.82 $282,540.31
236 $282,540.31 $1,196.33 $0.00 $1,597.52 $285,334.16
237 $285,334.16 $1,196.33 $0.00 $1,613.32 $288,143.81
238 $288,143.81 $1,196.33 $0.00 $1,629.21 $290,969.35
239 $290,969.35 $1,196.33 $0.00 $1,645.18 $293,810.86
240 $293,810.86 $1,196.33 $0.00 $1,661.25 $296,668.44
241 $296,668.44 $1,196.33 $156,134.03 $1,677.41 $143,408.15
242 $143,408.15 $1,196.33 $0.00 $810.85 $145,415.33
243 $145,415.33 $1,196.33 $0.00 $822.20 $147,433.86
244 $147,433.86 $1,196.33 $0.00 $833.61 $149,463.80
245 $149,463.80 $1,196.33 $0.00 $845.09 $151,505.22
246 $151,505.22 $1,196.33 $0.00 $856.63 $153,558.18
247 $153,558.18 $1,196.33 $0.00 $868.24 $155,622.75
248 $155,622.75 $1,196.33 $0.00 $879.91 $157,698.99
249 $157,698.99 $1,196.33 $0.00 $891.65 $159,786.97
250 $159,786.97 $1,196.33 $0.00 $903.46 $161,886.76
251 $161,886.76 $1,196.33 $0.00 $915.33 $163,998.42
252 $163,998.42 $1,196.33 $0.00 $927.27 $166,122.02
253 $166,122.02 $0.00 $167,063.41 $939.28 -$2.11