Savings Plan and Future Cost Estimation for Westmont College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$171,722
Monthly savings required$1,359

How much will it cost to send your child to Westmont College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $686,888.78 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,359.33 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$66,220.00
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 $1,359.33 $0.00 $0.00 $1,359.33
2 $1,359.33 $1,359.33 $0.00 $7.69 $2,726.35
3 $2,726.35 $1,359.33 $0.00 $15.42 $4,101.10
4 $4,101.10 $1,359.33 $0.00 $23.19 $5,483.62
5 $5,483.62 $1,359.33 $0.00 $31.01 $6,873.96
6 $6,873.96 $1,359.33 $0.00 $38.87 $8,272.16
7 $8,272.16 $1,359.33 $0.00 $46.77 $9,678.26
8 $9,678.26 $1,359.33 $0.00 $54.72 $11,092.31
9 $11,092.31 $1,359.33 $0.00 $62.72 $12,514.36
10 $12,514.36 $1,359.33 $0.00 $70.76 $13,944.45
11 $13,944.45 $1,359.33 $0.00 $78.84 $15,382.62
12 $15,382.62 $1,359.33 $0.00 $86.98 $16,828.93
13 $16,828.93 $1,359.33 $0.00 $95.15 $18,283.41
14 $18,283.41 $1,359.33 $0.00 $103.38 $19,746.12
15 $19,746.12 $1,359.33 $0.00 $111.65 $21,217.10
16 $21,217.10 $1,359.33 $0.00 $119.96 $22,696.39
17 $22,696.39 $1,359.33 $0.00 $128.33 $24,184.05
18 $24,184.05 $1,359.33 $0.00 $136.74 $25,680.12
19 $25,680.12 $1,359.33 $0.00 $145.20 $27,184.65
20 $27,184.65 $1,359.33 $0.00 $153.71 $28,697.69
21 $28,697.69 $1,359.33 $0.00 $162.26 $30,219.28
22 $30,219.28 $1,359.33 $0.00 $170.86 $31,749.47
23 $31,749.47 $1,359.33 $0.00 $179.52 $33,288.32
24 $33,288.32 $1,359.33 $0.00 $188.22 $34,835.87
25 $34,835.87 $1,359.33 $0.00 $196.97 $36,392.17
26 $36,392.17 $1,359.33 $0.00 $205.77 $37,957.27
27 $37,957.27 $1,359.33 $0.00 $214.62 $39,531.22
28 $39,531.22 $1,359.33 $0.00 $223.52 $41,114.07
29 $41,114.07 $1,359.33 $0.00 $232.46 $42,705.86
30 $42,705.86 $1,359.33 $0.00 $241.47 $44,306.66
31 $44,306.66 $1,359.33 $0.00 $250.52 $45,916.51
32 $45,916.51 $1,359.33 $0.00 $259.62 $47,535.46
33 $47,535.46 $1,359.33 $0.00 $268.77 $49,163.56
34 $49,163.56 $1,359.33 $0.00 $277.98 $50,800.87
35 $50,800.87 $1,359.33 $0.00 $287.24 $52,447.44
36 $52,447.44 $1,359.33 $0.00 $296.55 $54,103.32
37 $54,103.32 $1,359.33 $0.00 $305.91 $55,768.56
38 $55,768.56 $1,359.33 $0.00 $315.32 $57,443.21
39 $57,443.21 $1,359.33 $0.00 $324.79 $59,127.33
40 $59,127.33 $1,359.33 $0.00 $334.31 $60,820.97
41 $60,820.97 $1,359.33 $0.00 $343.89 $62,524.19
42 $62,524.19 $1,359.33 $0.00 $353.52 $64,237.04
43 $64,237.04 $1,359.33 $0.00 $363.21 $65,959.58
44 $65,959.58 $1,359.33 $0.00 $372.95 $67,691.86
45 $67,691.86 $1,359.33 $0.00 $382.74 $69,433.93
46 $69,433.93 $1,359.33 $0.00 $392.59 $71,185.85
47 $71,185.85 $1,359.33 $0.00 $402.50 $72,947.68
48 $72,947.68 $1,359.33 $0.00 $412.46 $74,719.47
49 $74,719.47 $1,359.33 $0.00 $422.47 $76,501.27
50 $76,501.27 $1,359.33 $0.00 $432.55 $78,293.15
51 $78,293.15 $1,359.33 $0.00 $442.68 $80,095.16
52 $80,095.16 $1,359.33 $0.00 $452.87 $81,907.36
53 $81,907.36 $1,359.33 $0.00 $463.12 $83,729.81
54 $83,729.81 $1,359.33 $0.00 $473.42 $85,562.56
55 $85,562.56 $1,359.33 $0.00 $483.78 $87,405.67
56 $87,405.67 $1,359.33 $0.00 $494.20 $89,259.20
57 $89,259.20 $1,359.33 $0.00 $504.68 $91,123.21
58 $91,123.21 $1,359.33 $0.00 $515.22 $92,997.76
59 $92,997.76 $1,359.33 $0.00 $525.82 $94,882.91
60 $94,882.91 $1,359.33 $0.00 $536.48 $96,778.72
61 $96,778.72 $1,359.33 $0.00 $547.20 $98,685.25
62 $98,685.25 $1,359.33 $0.00 $557.98 $100,602.56
63 $100,602.56 $1,359.33 $0.00 $568.82 $102,530.71
64 $102,530.71 $1,359.33 $0.00 $579.72 $104,469.76
65 $104,469.76 $1,359.33 $0.00 $590.69 $106,419.78
66 $106,419.78 $1,359.33 $0.00 $601.71 $108,380.82
67 $108,380.82 $1,359.33 $0.00 $612.80 $110,352.95
68 $110,352.95 $1,359.33 $0.00 $623.95 $112,336.23
69 $112,336.23 $1,359.33 $0.00 $635.17 $114,330.73
70 $114,330.73 $1,359.33 $0.00 $646.44 $116,336.50
71 $116,336.50 $1,359.33 $0.00 $657.78 $118,353.61
72 $118,353.61 $1,359.33 $0.00 $669.19 $120,382.13
73 $120,382.13 $1,359.33 $0.00 $680.66 $122,422.12
74 $122,422.12 $1,359.33 $0.00 $692.19 $124,473.64
75 $124,473.64 $1,359.33 $0.00 $703.79 $126,536.76
76 $126,536.76 $1,359.33 $0.00 $715.46 $128,611.55
77 $128,611.55 $1,359.33 $0.00 $727.19 $130,698.07
78 $130,698.07 $1,359.33 $0.00 $738.99 $132,796.39
79 $132,796.39 $1,359.33 $0.00 $750.85 $134,906.57
80 $134,906.57 $1,359.33 $0.00 $762.78 $137,028.68
81 $137,028.68 $1,359.33 $0.00 $774.78 $139,162.79
82 $139,162.79 $1,359.33 $0.00 $786.85 $141,308.97
83 $141,308.97 $1,359.33 $0.00 $798.98 $143,467.28
84 $143,467.28 $1,359.33 $0.00 $811.18 $145,637.79
85 $145,637.79 $1,359.33 $0.00 $823.46 $147,820.58
86 $147,820.58 $1,359.33 $0.00 $835.80 $150,015.71
87 $150,015.71 $1,359.33 $0.00 $848.21 $152,223.25
88 $152,223.25 $1,359.33 $0.00 $860.69 $154,443.27
89 $154,443.27 $1,359.33 $0.00 $873.24 $156,675.84
90 $156,675.84 $1,359.33 $0.00 $885.87 $158,921.04
91 $158,921.04 $1,359.33 $0.00 $898.56 $161,178.93
92 $161,178.93 $1,359.33 $0.00 $911.33 $163,449.59
93 $163,449.59 $1,359.33 $0.00 $924.17 $165,733.09
94 $165,733.09 $1,359.33 $0.00 $937.08 $168,029.50
95 $168,029.50 $1,359.33 $0.00 $950.06 $170,338.89
96 $170,338.89 $1,359.33 $0.00 $963.12 $172,661.34
97 $172,661.34 $1,359.33 $0.00 $976.25 $174,996.92
98 $174,996.92 $1,359.33 $0.00 $989.46 $177,345.71
99 $177,345.71 $1,359.33 $0.00 $1,002.74 $179,707.78
100 $179,707.78 $1,359.33 $0.00 $1,016.09 $182,083.20
101 $182,083.20 $1,359.33 $0.00 $1,029.52 $184,472.05
102 $184,472.05 $1,359.33 $0.00 $1,043.03 $186,874.41
103 $186,874.41 $1,359.33 $0.00 $1,056.62 $189,290.36
104 $189,290.36 $1,359.33 $0.00 $1,070.28 $191,719.97
105 $191,719.97 $1,359.33 $0.00 $1,084.01 $194,163.31
106 $194,163.31 $1,359.33 $0.00 $1,097.83 $196,620.47
107 $196,620.47 $1,359.33 $0.00 $1,111.72 $199,091.52
108 $199,091.52 $1,359.33 $0.00 $1,125.69 $201,576.54
109 $201,576.54 $1,359.33 $0.00 $1,139.74 $204,075.61
110 $204,075.61 $1,359.33 $0.00 $1,153.87 $206,588.81
111 $206,588.81 $1,359.33 $0.00 $1,168.08 $209,116.22
112 $209,116.22 $1,359.33 $0.00 $1,182.37 $211,657.92
113 $211,657.92 $1,359.33 $0.00 $1,196.74 $214,213.99
114 $214,213.99 $1,359.33 $0.00 $1,211.20 $216,784.52
115 $216,784.52 $1,359.33 $0.00 $1,225.73 $219,369.58
116 $219,369.58 $1,359.33 $0.00 $1,240.35 $221,969.26
117 $221,969.26 $1,359.33 $0.00 $1,255.05 $224,583.64
118 $224,583.64 $1,359.33 $0.00 $1,269.83 $227,212.80
119 $227,212.80 $1,359.33 $0.00 $1,284.69 $229,856.82
120 $229,856.82 $1,359.33 $0.00 $1,299.64 $232,515.79
121 $232,515.79 $1,359.33 $0.00 $1,314.68 $235,189.80
122 $235,189.80 $1,359.33 $0.00 $1,329.80 $237,878.93
123 $237,878.93 $1,359.33 $0.00 $1,345.00 $240,583.26
124 $240,583.26 $1,359.33 $0.00 $1,360.29 $243,302.88
125 $243,302.88 $1,359.33 $0.00 $1,375.67 $246,037.88
126 $246,037.88 $1,359.33 $0.00 $1,391.13 $248,788.34
127 $248,788.34 $1,359.33 $0.00 $1,406.69 $251,554.36
128 $251,554.36 $1,359.33 $0.00 $1,422.32 $254,336.01
129 $254,336.01 $1,359.33 $0.00 $1,438.05 $257,133.39
130 $257,133.39 $1,359.33 $0.00 $1,453.87 $259,946.59
131 $259,946.59 $1,359.33 $0.00 $1,469.78 $262,775.70
132 $262,775.70 $1,359.33 $0.00 $1,485.77 $265,620.80
133 $265,620.80 $1,359.33 $0.00 $1,501.86 $268,481.99
134 $268,481.99 $1,359.33 $0.00 $1,518.04 $271,359.36
135 $271,359.36 $1,359.33 $0.00 $1,534.31 $274,253.00
136 $274,253.00 $1,359.33 $0.00 $1,550.67 $277,163.00
137 $277,163.00 $1,359.33 $0.00 $1,567.12 $280,089.45
138 $280,089.45 $1,359.33 $0.00 $1,583.67 $283,032.45
139 $283,032.45 $1,359.33 $0.00 $1,600.31 $285,992.09
140 $285,992.09 $1,359.33 $0.00 $1,617.04 $288,968.46
141 $288,968.46 $1,359.33 $0.00 $1,633.87 $291,961.66
142 $291,961.66 $1,359.33 $0.00 $1,650.79 $294,971.78
143 $294,971.78 $1,359.33 $0.00 $1,667.81 $297,998.92
144 $297,998.92 $1,359.33 $0.00 $1,684.93 $301,043.18
145 $301,043.18 $1,359.33 $0.00 $1,702.14 $304,104.65
146 $304,104.65 $1,359.33 $0.00 $1,719.45 $307,183.43
147 $307,183.43 $1,359.33 $0.00 $1,736.86 $310,279.62
148 $310,279.62 $1,359.33 $0.00 $1,754.37 $313,393.32
149 $313,393.32 $1,359.33 $0.00 $1,771.97 $316,524.62
150 $316,524.62 $1,359.33 $0.00 $1,789.68 $319,673.63
151 $319,673.63 $1,359.33 $0.00 $1,807.48 $322,840.44
152 $322,840.44 $1,359.33 $0.00 $1,825.39 $326,025.16
153 $326,025.16 $1,359.33 $0.00 $1,843.39 $329,227.88
154 $329,227.88 $1,359.33 $0.00 $1,861.50 $332,448.71
155 $332,448.71 $1,359.33 $0.00 $1,879.71 $335,687.75
156 $335,687.75 $1,359.33 $0.00 $1,898.03 $338,945.11
157 $338,945.11 $1,359.33 $0.00 $1,916.44 $342,220.88
158 $342,220.88 $1,359.33 $0.00 $1,934.97 $345,515.18
159 $345,515.18 $1,359.33 $0.00 $1,953.59 $348,828.10
160 $348,828.10 $1,359.33 $0.00 $1,972.32 $352,159.75
161 $352,159.75 $1,359.33 $0.00 $1,991.16 $355,510.24
162 $355,510.24 $1,359.33 $0.00 $2,010.11 $358,879.68
163 $358,879.68 $1,359.33 $0.00 $2,029.16 $362,268.17
164 $362,268.17 $1,359.33 $0.00 $2,048.32 $365,675.82
165 $365,675.82 $1,359.33 $0.00 $2,067.58 $369,102.73
166 $369,102.73 $1,359.33 $0.00 $2,086.96 $372,549.02
167 $372,549.02 $1,359.33 $0.00 $2,106.45 $376,014.80
168 $376,014.80 $1,359.33 $0.00 $2,126.04 $379,500.17
169 $379,500.17 $1,359.33 $0.00 $2,145.75 $383,005.25
170 $383,005.25 $1,359.33 $0.00 $2,165.57 $386,530.15
171 $386,530.15 $1,359.33 $0.00 $2,185.50 $390,074.98
172 $390,074.98 $1,359.33 $0.00 $2,205.54 $393,639.85
173 $393,639.85 $1,359.33 $0.00 $2,225.70 $397,224.88
174 $397,224.88 $1,359.33 $0.00 $2,245.97 $400,830.18
175 $400,830.18 $1,359.33 $0.00 $2,266.35 $404,455.86
176 $404,455.86 $1,359.33 $0.00 $2,286.85 $408,102.04
177 $408,102.04 $1,359.33 $0.00 $2,307.47 $411,768.84
178 $411,768.84 $1,359.33 $0.00 $2,328.20 $415,456.37
179 $415,456.37 $1,359.33 $0.00 $2,349.05 $419,164.75
180 $419,164.75 $1,359.33 $0.00 $2,370.02 $422,894.10
181 $422,894.10 $1,359.33 $0.00 $2,391.10 $426,644.53
182 $426,644.53 $1,359.33 $0.00 $2,412.31 $430,416.17
183 $430,416.17 $1,359.33 $0.00 $2,433.64 $434,209.14
184 $434,209.14 $1,359.33 $0.00 $2,455.08 $438,023.55
185 $438,023.55 $1,359.33 $0.00 $2,476.65 $441,859.53
186 $441,859.53 $1,359.33 $0.00 $2,498.34 $445,717.20
187 $445,717.20 $1,359.33 $0.00 $2,520.15 $449,596.68
188 $449,596.68 $1,359.33 $0.00 $2,542.08 $453,498.09
189 $453,498.09 $1,359.33 $0.00 $2,564.14 $457,421.56
190 $457,421.56 $1,359.33 $0.00 $2,586.33 $461,367.22
191 $461,367.22 $1,359.33 $0.00 $2,608.64 $465,335.19
192 $465,335.19 $1,359.33 $0.00 $2,631.07 $469,325.59
193 $469,325.59 $1,359.33 $0.00 $2,653.64 $473,338.56
194 $473,338.56 $1,359.33 $0.00 $2,676.33 $477,374.22
195 $477,374.22 $1,359.33 $0.00 $2,699.14 $481,432.69
196 $481,432.69 $1,359.33 $0.00 $2,722.09 $485,514.11
197 $485,514.11 $1,359.33 $0.00 $2,745.17 $489,618.61
198 $489,618.61 $1,359.33 $0.00 $2,768.37 $493,746.31
199 $493,746.31 $1,359.33 $0.00 $2,791.71 $497,897.35
200 $497,897.35 $1,359.33 $0.00 $2,815.18 $502,071.86
201 $502,071.86 $1,359.33 $0.00 $2,838.79 $506,269.98
202 $506,269.98 $1,359.33 $0.00 $2,862.52 $510,491.83
203 $510,491.83 $1,359.33 $0.00 $2,886.40 $514,737.56
204 $514,737.56 $1,359.33 $0.00 $2,910.40 $519,007.29
205 $519,007.29 $1,359.33 $0.00 $2,934.54 $523,301.16
206 $523,301.16 $1,359.33 $0.00 $2,958.82 $527,619.31
207 $527,619.31 $1,359.33 $0.00 $2,983.24 $531,961.88
208 $531,961.88 $1,359.33 $0.00 $3,007.79 $536,329.00
209 $536,329.00 $1,359.33 $0.00 $3,032.48 $540,720.81
210 $540,720.81 $1,359.33 $0.00 $3,057.31 $545,137.45
211 $545,137.45 $1,359.33 $0.00 $3,082.29 $549,579.07
212 $549,579.07 $1,359.33 $0.00 $3,107.40 $554,045.80
213 $554,045.80 $1,359.33 $0.00 $3,132.66 $558,537.79
214 $558,537.79 $1,359.33 $0.00 $3,158.05 $563,055.17
215 $563,055.17 $1,359.33 $0.00 $3,183.60 $567,598.10
216 $567,598.10 $1,359.33 $0.00 $3,209.28 $572,166.71
217 $572,166.71 $1,359.33 $159,366.33 $3,235.11 $417,394.82
218 $417,394.82 $1,359.33 $0.00 $2,360.01 $421,114.16
219 $421,114.16 $1,359.33 $0.00 $2,381.04 $424,854.53
220 $424,854.53 $1,359.33 $0.00 $2,402.19 $428,616.05
221 $428,616.05 $1,359.33 $0.00 $2,423.46 $432,398.84
222 $432,398.84 $1,359.33 $0.00 $2,444.85 $436,203.02
223 $436,203.02 $1,359.33 $0.00 $2,466.36 $440,028.71
224 $440,028.71 $1,359.33 $0.00 $2,487.99 $443,876.03
225 $443,876.03 $1,359.33 $0.00 $2,509.74 $447,745.10
226 $447,745.10 $1,359.33 $0.00 $2,531.62 $451,636.05
227 $451,636.05 $1,359.33 $0.00 $2,553.62 $455,549.00
228 $455,549.00 $1,359.33 $0.00 $2,575.74 $459,484.07
229 $459,484.07 $1,359.33 $167,334.64 $2,597.99 $296,106.75
230 $296,106.75 $1,359.33 $0.00 $1,674.23 $299,140.31
231 $299,140.31 $1,359.33 $0.00 $1,691.38 $302,191.02
232 $302,191.02 $1,359.33 $0.00 $1,708.63 $305,258.98
233 $305,258.98 $1,359.33 $0.00 $1,725.98 $308,344.29
234 $308,344.29 $1,359.33 $0.00 $1,743.42 $311,447.04
235 $311,447.04 $1,359.33 $0.00 $1,760.97 $314,567.34
236 $314,567.34 $1,359.33 $0.00 $1,778.61 $317,705.28
237 $317,705.28 $1,359.33 $0.00 $1,796.35 $320,860.96
238 $320,860.96 $1,359.33 $0.00 $1,814.19 $324,034.48
239 $324,034.48 $1,359.33 $0.00 $1,832.14 $327,225.95
240 $327,225.95 $1,359.33 $0.00 $1,850.18 $330,435.46
241 $330,435.46 $1,359.33 $175,701.37 $1,868.33 $157,961.75
242 $157,961.75 $1,359.33 $0.00 $893.14 $160,214.22
243 $160,214.22 $1,359.33 $0.00 $905.87 $162,479.42
244 $162,479.42 $1,359.33 $0.00 $918.68 $164,757.43
245 $164,757.43 $1,359.33 $0.00 $931.56 $167,048.32
246 $167,048.32 $1,359.33 $0.00 $944.52 $169,352.17
247 $169,352.17 $1,359.33 $0.00 $957.54 $171,669.04
248 $171,669.04 $1,359.33 $0.00 $970.64 $173,999.01
249 $173,999.01 $1,359.33 $0.00 $983.82 $176,342.16
250 $176,342.16 $1,359.33 $0.00 $997.06 $178,698.55
251 $178,698.55 $1,359.33 $0.00 $1,010.39 $181,068.27
252 $181,068.27 $1,359.33 $0.00 $1,023.79 $183,451.39
253 $183,451.39 $0.00 $184,486.44 $1,037.26 $2.21