Savings Plan and Future Cost Estimation for Colorado College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$202,478
Monthly savings required$1,603

How much will it cost to send your child to Colorado College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $809,910.54 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,602.78 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$78,080.00
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 $1,602.78 $0.00 $0.00 $1,602.78
2 $1,602.78 $1,602.78 $0.00 $9.06 $3,214.62
3 $3,214.62 $1,602.78 $0.00 $18.18 $4,835.58
4 $4,835.58 $1,602.78 $0.00 $27.34 $6,465.70
5 $6,465.70 $1,602.78 $0.00 $36.56 $8,105.04
6 $8,105.04 $1,602.78 $0.00 $45.83 $9,753.65
7 $9,753.65 $1,602.78 $0.00 $55.15 $11,411.58
8 $11,411.58 $1,602.78 $0.00 $64.52 $13,078.88
9 $13,078.88 $1,602.78 $0.00 $73.95 $14,755.61
10 $14,755.61 $1,602.78 $0.00 $83.43 $16,441.82
11 $16,441.82 $1,602.78 $0.00 $92.96 $18,137.56
12 $18,137.56 $1,602.78 $0.00 $102.55 $19,842.89
13 $19,842.89 $1,602.78 $0.00 $112.19 $21,557.86
14 $21,557.86 $1,602.78 $0.00 $121.89 $23,282.53
15 $23,282.53 $1,602.78 $0.00 $131.64 $25,016.95
16 $25,016.95 $1,602.78 $0.00 $141.45 $26,761.18
17 $26,761.18 $1,602.78 $0.00 $151.31 $28,515.27
18 $28,515.27 $1,602.78 $0.00 $161.23 $30,279.28
19 $30,279.28 $1,602.78 $0.00 $171.20 $32,053.26
20 $32,053.26 $1,602.78 $0.00 $181.23 $33,837.27
21 $33,837.27 $1,602.78 $0.00 $191.32 $35,631.37
22 $35,631.37 $1,602.78 $0.00 $201.46 $37,435.61
23 $37,435.61 $1,602.78 $0.00 $211.67 $39,250.06
24 $39,250.06 $1,602.78 $0.00 $221.93 $41,074.77
25 $41,074.77 $1,602.78 $0.00 $232.24 $42,909.79
26 $42,909.79 $1,602.78 $0.00 $242.62 $44,755.19
27 $44,755.19 $1,602.78 $0.00 $253.05 $46,611.02
28 $46,611.02 $1,602.78 $0.00 $263.55 $48,477.35
29 $48,477.35 $1,602.78 $0.00 $274.10 $50,354.23
30 $50,354.23 $1,602.78 $0.00 $284.71 $52,241.72
31 $52,241.72 $1,602.78 $0.00 $295.38 $54,139.88
32 $54,139.88 $1,602.78 $0.00 $306.11 $56,048.77
33 $56,048.77 $1,602.78 $0.00 $316.91 $57,968.46
34 $57,968.46 $1,602.78 $0.00 $327.76 $59,899.00
35 $59,899.00 $1,602.78 $0.00 $338.68 $61,840.46
36 $61,840.46 $1,602.78 $0.00 $349.65 $63,792.89
37 $63,792.89 $1,602.78 $0.00 $360.69 $65,756.36
38 $65,756.36 $1,602.78 $0.00 $371.80 $67,730.94
39 $67,730.94 $1,602.78 $0.00 $382.96 $69,716.68
40 $69,716.68 $1,602.78 $0.00 $394.19 $71,713.65
41 $71,713.65 $1,602.78 $0.00 $405.48 $73,721.91
42 $73,721.91 $1,602.78 $0.00 $416.83 $75,741.52
43 $75,741.52 $1,602.78 $0.00 $428.25 $77,772.55
44 $77,772.55 $1,602.78 $0.00 $439.74 $79,815.07
45 $79,815.07 $1,602.78 $0.00 $451.29 $81,869.14
46 $81,869.14 $1,602.78 $0.00 $462.90 $83,934.82
47 $83,934.82 $1,602.78 $0.00 $474.58 $86,012.18
48 $86,012.18 $1,602.78 $0.00 $486.33 $88,101.29
49 $88,101.29 $1,602.78 $0.00 $498.14 $90,202.21
50 $90,202.21 $1,602.78 $0.00 $510.02 $92,315.01
51 $92,315.01 $1,602.78 $0.00 $521.96 $94,439.75
52 $94,439.75 $1,602.78 $0.00 $533.98 $96,576.51
53 $96,576.51 $1,602.78 $0.00 $546.06 $98,725.35
54 $98,725.35 $1,602.78 $0.00 $558.21 $100,886.34
55 $100,886.34 $1,602.78 $0.00 $570.43 $103,059.55
56 $103,059.55 $1,602.78 $0.00 $582.71 $105,245.04
57 $105,245.04 $1,602.78 $0.00 $595.07 $107,442.89
58 $107,442.89 $1,602.78 $0.00 $607.50 $109,653.17
59 $109,653.17 $1,602.78 $0.00 $619.99 $111,875.94
60 $111,875.94 $1,602.78 $0.00 $632.56 $114,111.28
61 $114,111.28 $1,602.78 $0.00 $645.20 $116,359.26
62 $116,359.26 $1,602.78 $0.00 $657.91 $118,619.95
63 $118,619.95 $1,602.78 $0.00 $670.69 $120,893.42
64 $120,893.42 $1,602.78 $0.00 $683.55 $123,179.75
65 $123,179.75 $1,602.78 $0.00 $696.48 $125,479.01
66 $125,479.01 $1,602.78 $0.00 $709.48 $127,791.27
67 $127,791.27 $1,602.78 $0.00 $722.55 $130,116.60
68 $130,116.60 $1,602.78 $0.00 $735.70 $132,455.08
69 $132,455.08 $1,602.78 $0.00 $748.92 $134,806.78
70 $134,806.78 $1,602.78 $0.00 $762.22 $137,171.78
71 $137,171.78 $1,602.78 $0.00 $775.59 $139,550.15
72 $139,550.15 $1,602.78 $0.00 $789.04 $141,941.97
73 $141,941.97 $1,602.78 $0.00 $802.56 $144,347.31
74 $144,347.31 $1,602.78 $0.00 $816.16 $146,766.25
75 $146,766.25 $1,602.78 $0.00 $829.84 $149,198.87
76 $149,198.87 $1,602.78 $0.00 $843.59 $151,645.24
77 $151,645.24 $1,602.78 $0.00 $857.42 $154,105.44
78 $154,105.44 $1,602.78 $0.00 $871.33 $156,579.55
79 $156,579.55 $1,602.78 $0.00 $885.32 $159,067.65
80 $159,067.65 $1,602.78 $0.00 $899.39 $161,569.82
81 $161,569.82 $1,602.78 $0.00 $913.54 $164,086.14
82 $164,086.14 $1,602.78 $0.00 $927.77 $166,616.69
83 $166,616.69 $1,602.78 $0.00 $942.07 $169,161.54
84 $169,161.54 $1,602.78 $0.00 $956.46 $171,720.78
85 $171,720.78 $1,602.78 $0.00 $970.93 $174,294.49
86 $174,294.49 $1,602.78 $0.00 $985.49 $176,882.76
87 $176,882.76 $1,602.78 $0.00 $1,000.12 $179,485.66
88 $179,485.66 $1,602.78 $0.00 $1,014.84 $182,103.28
89 $182,103.28 $1,602.78 $0.00 $1,029.64 $184,735.70
90 $184,735.70 $1,602.78 $0.00 $1,044.52 $187,383.00
91 $187,383.00 $1,602.78 $0.00 $1,059.49 $190,045.27
92 $190,045.27 $1,602.78 $0.00 $1,074.54 $192,722.59
93 $192,722.59 $1,602.78 $0.00 $1,089.68 $195,415.05
94 $195,415.05 $1,602.78 $0.00 $1,104.91 $198,122.74
95 $198,122.74 $1,602.78 $0.00 $1,120.21 $200,845.73
96 $200,845.73 $1,602.78 $0.00 $1,135.61 $203,584.12
97 $203,584.12 $1,602.78 $0.00 $1,151.09 $206,337.99
98 $206,337.99 $1,602.78 $0.00 $1,166.66 $209,107.43
99 $209,107.43 $1,602.78 $0.00 $1,182.32 $211,892.53
100 $211,892.53 $1,602.78 $0.00 $1,198.07 $214,693.38
101 $214,693.38 $1,602.78 $0.00 $1,213.91 $217,510.07
102 $217,510.07 $1,602.78 $0.00 $1,229.83 $220,342.68
103 $220,342.68 $1,602.78 $0.00 $1,245.85 $223,191.31
104 $223,191.31 $1,602.78 $0.00 $1,261.96 $226,056.05
105 $226,056.05 $1,602.78 $0.00 $1,278.15 $228,936.98
106 $228,936.98 $1,602.78 $0.00 $1,294.44 $231,834.20
107 $231,834.20 $1,602.78 $0.00 $1,310.82 $234,747.80
108 $234,747.80 $1,602.78 $0.00 $1,327.30 $237,677.88
109 $237,677.88 $1,602.78 $0.00 $1,343.87 $240,624.53
110 $240,624.53 $1,602.78 $0.00 $1,360.53 $243,587.84
111 $243,587.84 $1,602.78 $0.00 $1,377.28 $246,567.90
112 $246,567.90 $1,602.78 $0.00 $1,394.13 $249,564.81
113 $249,564.81 $1,602.78 $0.00 $1,411.08 $252,578.67
114 $252,578.67 $1,602.78 $0.00 $1,428.12 $255,609.57
115 $255,609.57 $1,602.78 $0.00 $1,445.25 $258,657.60
116 $258,657.60 $1,602.78 $0.00 $1,462.49 $261,722.87
117 $261,722.87 $1,602.78 $0.00 $1,479.82 $264,805.47
118 $264,805.47 $1,602.78 $0.00 $1,497.25 $267,905.50
119 $267,905.50 $1,602.78 $0.00 $1,514.78 $271,023.06
120 $271,023.06 $1,602.78 $0.00 $1,532.40 $274,158.24
121 $274,158.24 $1,602.78 $0.00 $1,550.13 $277,311.15
122 $277,311.15 $1,602.78 $0.00 $1,567.96 $280,481.89
123 $280,481.89 $1,602.78 $0.00 $1,585.89 $283,670.56
124 $283,670.56 $1,602.78 $0.00 $1,603.91 $286,877.25
125 $286,877.25 $1,602.78 $0.00 $1,622.05 $290,102.08
126 $290,102.08 $1,602.78 $0.00 $1,640.28 $293,345.14
127 $293,345.14 $1,602.78 $0.00 $1,658.62 $296,606.54
128 $296,606.54 $1,602.78 $0.00 $1,677.06 $299,886.38
129 $299,886.38 $1,602.78 $0.00 $1,695.60 $303,184.76
130 $303,184.76 $1,602.78 $0.00 $1,714.25 $306,501.79
131 $306,501.79 $1,602.78 $0.00 $1,733.01 $309,837.58
132 $309,837.58 $1,602.78 $0.00 $1,751.87 $313,192.23
133 $313,192.23 $1,602.78 $0.00 $1,770.83 $316,565.84
134 $316,565.84 $1,602.78 $0.00 $1,789.91 $319,958.53
135 $319,958.53 $1,602.78 $0.00 $1,809.09 $323,370.40
136 $323,370.40 $1,602.78 $0.00 $1,828.38 $326,801.56
137 $326,801.56 $1,602.78 $0.00 $1,847.78 $330,252.12
138 $330,252.12 $1,602.78 $0.00 $1,867.29 $333,722.19
139 $333,722.19 $1,602.78 $0.00 $1,886.91 $337,211.88
140 $337,211.88 $1,602.78 $0.00 $1,906.64 $340,721.30
141 $340,721.30 $1,602.78 $0.00 $1,926.49 $344,250.57
142 $344,250.57 $1,602.78 $0.00 $1,946.44 $347,799.79
143 $347,799.79 $1,602.78 $0.00 $1,966.51 $351,369.08
144 $351,369.08 $1,602.78 $0.00 $1,986.69 $354,958.55
145 $354,958.55 $1,602.78 $0.00 $2,006.99 $358,568.32
146 $358,568.32 $1,602.78 $0.00 $2,027.40 $362,198.50
147 $362,198.50 $1,602.78 $0.00 $2,047.92 $365,849.20
148 $365,849.20 $1,602.78 $0.00 $2,068.56 $369,520.54
149 $369,520.54 $1,602.78 $0.00 $2,089.32 $373,212.64
150 $373,212.64 $1,602.78 $0.00 $2,110.20 $376,925.62
151 $376,925.62 $1,602.78 $0.00 $2,131.19 $380,659.59
152 $380,659.59 $1,602.78 $0.00 $2,152.30 $384,414.67
153 $384,414.67 $1,602.78 $0.00 $2,173.54 $388,190.99
154 $388,190.99 $1,602.78 $0.00 $2,194.89 $391,988.66
155 $391,988.66 $1,602.78 $0.00 $2,216.36 $395,807.80
156 $395,807.80 $1,602.78 $0.00 $2,237.95 $399,648.53
157 $399,648.53 $1,602.78 $0.00 $2,259.67 $403,510.98
158 $403,510.98 $1,602.78 $0.00 $2,281.51 $407,395.27
159 $407,395.27 $1,602.78 $0.00 $2,303.47 $411,301.52
160 $411,301.52 $1,602.78 $0.00 $2,325.56 $415,229.86
161 $415,229.86 $1,602.78 $0.00 $2,347.77 $419,180.41
162 $419,180.41 $1,602.78 $0.00 $2,370.11 $423,153.30
163 $423,153.30 $1,602.78 $0.00 $2,392.57 $427,148.65
164 $427,148.65 $1,602.78 $0.00 $2,415.16 $431,166.59
165 $431,166.59 $1,602.78 $0.00 $2,437.88 $435,207.25
166 $435,207.25 $1,602.78 $0.00 $2,460.73 $439,270.76
167 $439,270.76 $1,602.78 $0.00 $2,483.70 $443,357.24
168 $443,357.24 $1,602.78 $0.00 $2,506.81 $447,466.83
169 $447,466.83 $1,602.78 $0.00 $2,530.04 $451,599.65
170 $451,599.65 $1,602.78 $0.00 $2,553.41 $455,755.84
171 $455,755.84 $1,602.78 $0.00 $2,576.91 $459,935.53
172 $459,935.53 $1,602.78 $0.00 $2,600.54 $464,138.85
173 $464,138.85 $1,602.78 $0.00 $2,624.31 $468,365.94
174 $468,365.94 $1,602.78 $0.00 $2,648.21 $472,616.93
175 $472,616.93 $1,602.78 $0.00 $2,672.24 $476,891.95
176 $476,891.95 $1,602.78 $0.00 $2,696.42 $481,191.15
177 $481,191.15 $1,602.78 $0.00 $2,720.72 $485,514.65
178 $485,514.65 $1,602.78 $0.00 $2,745.17 $489,862.60
179 $489,862.60 $1,602.78 $0.00 $2,769.75 $494,235.13
180 $494,235.13 $1,602.78 $0.00 $2,794.48 $498,632.39
181 $498,632.39 $1,602.78 $0.00 $2,819.34 $503,054.51
182 $503,054.51 $1,602.78 $0.00 $2,844.34 $507,501.63
183 $507,501.63 $1,602.78 $0.00 $2,869.49 $511,973.90
184 $511,973.90 $1,602.78 $0.00 $2,894.77 $516,471.45
185 $516,471.45 $1,602.78 $0.00 $2,920.20 $520,994.43
186 $520,994.43 $1,602.78 $0.00 $2,945.78 $525,542.99
187 $525,542.99 $1,602.78 $0.00 $2,971.50 $530,117.27
188 $530,117.27 $1,602.78 $0.00 $2,997.36 $534,717.41
189 $534,717.41 $1,602.78 $0.00 $3,023.37 $539,343.56
190 $539,343.56 $1,602.78 $0.00 $3,049.53 $543,995.87
191 $543,995.87 $1,602.78 $0.00 $3,075.83 $548,674.48
192 $548,674.48 $1,602.78 $0.00 $3,102.29 $553,379.55
193 $553,379.55 $1,602.78 $0.00 $3,128.89 $558,111.22
194 $558,111.22 $1,602.78 $0.00 $3,155.64 $562,869.64
195 $562,869.64 $1,602.78 $0.00 $3,182.55 $567,654.97
196 $567,654.97 $1,602.78 $0.00 $3,209.60 $572,467.35
197 $572,467.35 $1,602.78 $0.00 $3,236.81 $577,306.94
198 $577,306.94 $1,602.78 $0.00 $3,264.18 $582,173.90
199 $582,173.90 $1,602.78 $0.00 $3,291.70 $587,068.38
200 $587,068.38 $1,602.78 $0.00 $3,319.37 $591,990.53
201 $591,990.53 $1,602.78 $0.00 $3,347.20 $596,940.51
202 $596,940.51 $1,602.78 $0.00 $3,375.19 $601,918.48
203 $601,918.48 $1,602.78 $0.00 $3,403.33 $606,924.59
204 $606,924.59 $1,602.78 $0.00 $3,431.64 $611,959.01
205 $611,959.01 $1,602.78 $0.00 $3,460.11 $617,021.90
206 $617,021.90 $1,602.78 $0.00 $3,488.73 $622,113.41
207 $622,113.41 $1,602.78 $0.00 $3,517.52 $627,233.71
208 $627,233.71 $1,602.78 $0.00 $3,546.47 $632,382.96
209 $632,382.96 $1,602.78 $0.00 $3,575.59 $637,561.33
210 $637,561.33 $1,602.78 $0.00 $3,604.86 $642,768.97
211 $642,768.97 $1,602.78 $0.00 $3,634.31 $648,006.06
212 $648,006.06 $1,602.78 $0.00 $3,663.92 $653,272.76
213 $653,272.76 $1,602.78 $0.00 $3,693.70 $658,569.24
214 $658,569.24 $1,602.78 $0.00 $3,723.65 $663,895.67
215 $663,895.67 $1,602.78 $0.00 $3,753.76 $669,252.21
216 $669,252.21 $1,602.78 $0.00 $3,784.05 $674,639.04
217 $674,639.04 $1,602.78 $187,908.83 $3,814.51 $492,147.50
218 $492,147.50 $1,602.78 $0.00 $2,782.67 $496,532.95
219 $496,532.95 $1,602.78 $0.00 $2,807.47 $500,943.20
220 $500,943.20 $1,602.78 $0.00 $2,832.41 $505,378.39
221 $505,378.39 $1,602.78 $0.00 $2,857.48 $509,838.65
222 $509,838.65 $1,602.78 $0.00 $2,882.70 $514,324.13
223 $514,324.13 $1,602.78 $0.00 $2,908.06 $518,834.97
224 $518,834.97 $1,602.78 $0.00 $2,933.57 $523,371.32
225 $523,371.32 $1,602.78 $0.00 $2,959.22 $527,933.32
226 $527,933.32 $1,602.78 $0.00 $2,985.01 $532,521.11
227 $532,521.11 $1,602.78 $0.00 $3,010.95 $537,134.84
228 $537,134.84 $1,602.78 $0.00 $3,037.04 $541,774.66
229 $541,774.66 $1,602.78 $197,304.27 $3,063.27 $349,136.44
230 $349,136.44 $1,602.78 $0.00 $1,974.07 $352,713.29
231 $352,713.29 $1,602.78 $0.00 $1,994.29 $356,310.36
232 $356,310.36 $1,602.78 $0.00 $2,014.63 $359,927.77
233 $359,927.77 $1,602.78 $0.00 $2,035.08 $363,565.63
234 $363,565.63 $1,602.78 $0.00 $2,055.65 $367,224.06
235 $367,224.06 $1,602.78 $0.00 $2,076.34 $370,903.18
236 $370,903.18 $1,602.78 $0.00 $2,097.14 $374,603.10
237 $374,603.10 $1,602.78 $0.00 $2,118.06 $378,323.94
238 $378,323.94 $1,602.78 $0.00 $2,139.10 $382,065.82
239 $382,065.82 $1,602.78 $0.00 $2,160.26 $385,828.86
240 $385,828.86 $1,602.78 $0.00 $2,181.53 $389,613.17
241 $389,613.17 $1,602.78 $207,169.48 $2,202.93 $186,249.40
242 $186,249.40 $1,602.78 $0.00 $1,053.08 $188,905.26
243 $188,905.26 $1,602.78 $0.00 $1,068.10 $191,576.14
244 $191,576.14 $1,602.78 $0.00 $1,083.20 $194,262.12
245 $194,262.12 $1,602.78 $0.00 $1,098.39 $196,963.29
246 $196,963.29 $1,602.78 $0.00 $1,113.66 $199,679.73
247 $199,679.73 $1,602.78 $0.00 $1,129.02 $202,411.53
248 $202,411.53 $1,602.78 $0.00 $1,144.46 $205,158.77
249 $205,158.77 $1,602.78 $0.00 $1,160.00 $207,921.55
250 $207,921.55 $1,602.78 $0.00 $1,175.62 $210,699.95
251 $210,699.95 $1,602.78 $0.00 $1,191.33 $213,494.06
252 $213,494.06 $1,602.78 $0.00 $1,207.13 $216,303.97
253 $216,303.97 $0.00 $217,527.96 $1,223.01 ($0.98)