Savings Plan and Future Cost Estimation for Platt College Aurora

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$109,991
Monthly savings required$871

How much will it cost to send your child to Platt College Aurora in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $439,963.57 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $870.68 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$42,415.00
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 $870.68 $0.00 $0.00 $870.68
2 $870.68 $870.68 $0.00 $4.92 $1,746.28
3 $1,746.28 $870.68 $0.00 $9.87 $2,626.83
4 $2,626.83 $870.68 $0.00 $14.85 $3,512.36
5 $3,512.36 $870.68 $0.00 $19.86 $4,402.90
6 $4,402.90 $870.68 $0.00 $24.89 $5,298.47
7 $5,298.47 $870.68 $0.00 $29.96 $6,199.11
8 $6,199.11 $870.68 $0.00 $35.05 $7,104.84
9 $7,104.84 $870.68 $0.00 $40.17 $8,015.69
10 $8,015.69 $870.68 $0.00 $45.32 $8,931.69
11 $8,931.69 $870.68 $0.00 $50.50 $9,852.87
12 $9,852.87 $870.68 $0.00 $55.71 $10,779.26
13 $10,779.26 $870.68 $0.00 $60.95 $11,710.89
14 $11,710.89 $870.68 $0.00 $66.22 $12,647.79
15 $12,647.79 $870.68 $0.00 $71.51 $13,589.98
16 $13,589.98 $870.68 $0.00 $76.84 $14,537.50
17 $14,537.50 $870.68 $0.00 $82.20 $15,490.38
18 $15,490.38 $870.68 $0.00 $87.58 $16,448.64
19 $16,448.64 $870.68 $0.00 $93.00 $17,412.32
20 $17,412.32 $870.68 $0.00 $98.45 $18,381.45
21 $18,381.45 $870.68 $0.00 $103.93 $19,356.06
22 $19,356.06 $870.68 $0.00 $109.44 $20,336.18
23 $20,336.18 $870.68 $0.00 $114.98 $21,321.84
24 $21,321.84 $870.68 $0.00 $120.56 $22,313.08
25 $22,313.08 $870.68 $0.00 $126.16 $23,309.92
26 $23,309.92 $870.68 $0.00 $131.80 $24,312.40
27 $24,312.40 $870.68 $0.00 $137.47 $25,320.55
28 $25,320.55 $870.68 $0.00 $143.17 $26,334.40
29 $26,334.40 $870.68 $0.00 $148.90 $27,353.98
30 $27,353.98 $870.68 $0.00 $154.66 $28,379.32
31 $28,379.32 $870.68 $0.00 $160.46 $29,410.46
32 $29,410.46 $870.68 $0.00 $166.29 $30,447.43
33 $30,447.43 $870.68 $0.00 $172.15 $31,490.26
34 $31,490.26 $870.68 $0.00 $178.05 $32,538.99
35 $32,538.99 $870.68 $0.00 $183.98 $33,593.65
36 $33,593.65 $870.68 $0.00 $189.94 $34,654.27
37 $34,654.27 $870.68 $0.00 $195.94 $35,720.89
38 $35,720.89 $870.68 $0.00 $201.97 $36,793.54
39 $36,793.54 $870.68 $0.00 $208.04 $37,872.26
40 $37,872.26 $870.68 $0.00 $214.14 $38,957.08
41 $38,957.08 $870.68 $0.00 $220.27 $40,048.03
42 $40,048.03 $870.68 $0.00 $226.44 $41,145.15
43 $41,145.15 $870.68 $0.00 $232.64 $42,248.47
44 $42,248.47 $870.68 $0.00 $238.88 $43,358.03
45 $43,358.03 $870.68 $0.00 $245.15 $44,473.86
46 $44,473.86 $870.68 $0.00 $251.46 $45,596.00
47 $45,596.00 $870.68 $0.00 $257.81 $46,724.49
48 $46,724.49 $870.68 $0.00 $264.19 $47,859.36
49 $47,859.36 $870.68 $0.00 $270.60 $49,000.64
50 $49,000.64 $870.68 $0.00 $277.06 $50,148.38
51 $50,148.38 $870.68 $0.00 $283.55 $51,302.61
52 $51,302.61 $870.68 $0.00 $290.07 $52,463.36
53 $52,463.36 $870.68 $0.00 $296.64 $53,630.68
54 $53,630.68 $870.68 $0.00 $303.24 $54,804.60
55 $54,804.60 $870.68 $0.00 $309.87 $55,985.15
56 $55,985.15 $870.68 $0.00 $316.55 $57,172.38
57 $57,172.38 $870.68 $0.00 $323.26 $58,366.32
58 $58,366.32 $870.68 $0.00 $330.01 $59,567.01
59 $59,567.01 $870.68 $0.00 $336.80 $60,774.49
60 $60,774.49 $870.68 $0.00 $343.63 $61,988.80
61 $61,988.80 $870.68 $0.00 $350.49 $63,209.97
62 $63,209.97 $870.68 $0.00 $357.40 $64,438.05
63 $64,438.05 $870.68 $0.00 $364.34 $65,673.07
64 $65,673.07 $870.68 $0.00 $371.33 $66,915.08
65 $66,915.08 $870.68 $0.00 $378.35 $68,164.11
66 $68,164.11 $870.68 $0.00 $385.41 $69,420.20
67 $69,420.20 $870.68 $0.00 $392.51 $70,683.39
68 $70,683.39 $870.68 $0.00 $399.65 $71,953.72
69 $71,953.72 $870.68 $0.00 $406.84 $73,231.24
70 $73,231.24 $870.68 $0.00 $414.06 $74,515.98
71 $74,515.98 $870.68 $0.00 $421.32 $75,807.98
72 $75,807.98 $870.68 $0.00 $428.63 $77,107.29
73 $77,107.29 $870.68 $0.00 $435.98 $78,413.95
74 $78,413.95 $870.68 $0.00 $443.36 $79,727.99
75 $79,727.99 $870.68 $0.00 $450.79 $81,049.46
76 $81,049.46 $870.68 $0.00 $458.27 $82,378.41
77 $82,378.41 $870.68 $0.00 $465.78 $83,714.87
78 $83,714.87 $870.68 $0.00 $473.34 $85,058.89
79 $85,058.89 $870.68 $0.00 $480.94 $86,410.51
80 $86,410.51 $870.68 $0.00 $488.58 $87,769.77
81 $87,769.77 $870.68 $0.00 $496.26 $89,136.71
82 $89,136.71 $870.68 $0.00 $503.99 $90,511.38
83 $90,511.38 $870.68 $0.00 $511.76 $91,893.82
84 $91,893.82 $870.68 $0.00 $519.58 $93,284.08
85 $93,284.08 $870.68 $0.00 $527.44 $94,682.20
86 $94,682.20 $870.68 $0.00 $535.35 $96,088.23
87 $96,088.23 $870.68 $0.00 $543.30 $97,502.21
88 $97,502.21 $870.68 $0.00 $551.29 $98,924.18
89 $98,924.18 $870.68 $0.00 $559.33 $100,354.19
90 $100,354.19 $870.68 $0.00 $567.42 $101,792.29
91 $101,792.29 $870.68 $0.00 $575.55 $103,238.52
92 $103,238.52 $870.68 $0.00 $583.73 $104,692.93
93 $104,692.93 $870.68 $0.00 $591.95 $106,155.56
94 $106,155.56 $870.68 $0.00 $600.22 $107,626.46
95 $107,626.46 $870.68 $0.00 $608.54 $109,105.68
96 $109,105.68 $870.68 $0.00 $616.90 $110,593.26
97 $110,593.26 $870.68 $0.00 $625.31 $112,089.25
98 $112,089.25 $870.68 $0.00 $633.77 $113,593.70
99 $113,593.70 $870.68 $0.00 $642.28 $115,106.66
100 $115,106.66 $870.68 $0.00 $650.83 $116,628.17
101 $116,628.17 $870.68 $0.00 $659.43 $118,158.28
102 $118,158.28 $870.68 $0.00 $668.08 $119,697.04
103 $119,697.04 $870.68 $0.00 $676.78 $121,244.50
104 $121,244.50 $870.68 $0.00 $685.53 $122,800.71
105 $122,800.71 $870.68 $0.00 $694.33 $124,365.72
106 $124,365.72 $870.68 $0.00 $703.18 $125,939.58
107 $125,939.58 $870.68 $0.00 $712.08 $127,522.34
108 $127,522.34 $870.68 $0.00 $721.03 $129,114.05
109 $129,114.05 $870.68 $0.00 $730.03 $130,714.76
110 $130,714.76 $870.68 $0.00 $739.08 $132,324.52
111 $132,324.52 $870.68 $0.00 $748.18 $133,943.38
112 $133,943.38 $870.68 $0.00 $757.34 $135,571.40
113 $135,571.40 $870.68 $0.00 $766.54 $137,208.62
114 $137,208.62 $870.68 $0.00 $775.80 $138,855.10
115 $138,855.10 $870.68 $0.00 $785.11 $140,510.89
116 $140,510.89 $870.68 $0.00 $794.47 $142,176.04
117 $142,176.04 $870.68 $0.00 $803.88 $143,850.60
118 $143,850.60 $870.68 $0.00 $813.35 $145,534.63
119 $145,534.63 $870.68 $0.00 $822.87 $147,228.18
120 $147,228.18 $870.68 $0.00 $832.45 $148,931.31
121 $148,931.31 $870.68 $0.00 $842.08 $150,644.07
122 $150,644.07 $870.68 $0.00 $851.76 $152,366.51
123 $152,366.51 $870.68 $0.00 $861.50 $154,098.69
124 $154,098.69 $870.68 $0.00 $871.30 $155,840.67
125 $155,840.67 $870.68 $0.00 $881.15 $157,592.50
126 $157,592.50 $870.68 $0.00 $891.05 $159,354.23
127 $159,354.23 $870.68 $0.00 $901.01 $161,125.92
128 $161,125.92 $870.68 $0.00 $911.03 $162,907.63
129 $162,907.63 $870.68 $0.00 $921.10 $164,699.41
130 $164,699.41 $870.68 $0.00 $931.23 $166,501.32
131 $166,501.32 $870.68 $0.00 $941.42 $168,313.42
132 $168,313.42 $870.68 $0.00 $951.67 $170,135.77
133 $170,135.77 $870.68 $0.00 $961.97 $171,968.42
134 $171,968.42 $870.68 $0.00 $972.33 $173,811.43
135 $173,811.43 $870.68 $0.00 $982.76 $175,664.87
136 $175,664.87 $870.68 $0.00 $993.23 $177,528.78
137 $177,528.78 $870.68 $0.00 $1,003.77 $179,403.23
138 $179,403.23 $870.68 $0.00 $1,014.37 $181,288.28
139 $181,288.28 $870.68 $0.00 $1,025.03 $183,183.99
140 $183,183.99 $870.68 $0.00 $1,035.75 $185,090.42
141 $185,090.42 $870.68 $0.00 $1,046.53 $187,007.63
142 $187,007.63 $870.68 $0.00 $1,057.37 $188,935.68
143 $188,935.68 $870.68 $0.00 $1,068.27 $190,874.63
144 $190,874.63 $870.68 $0.00 $1,079.23 $192,824.54
145 $192,824.54 $870.68 $0.00 $1,090.26 $194,785.48
146 $194,785.48 $870.68 $0.00 $1,101.35 $196,757.51
147 $196,757.51 $870.68 $0.00 $1,112.50 $198,740.69
148 $198,740.69 $870.68 $0.00 $1,123.71 $200,735.08
149 $200,735.08 $870.68 $0.00 $1,134.99 $202,740.75
150 $202,740.75 $870.68 $0.00 $1,146.33 $204,757.76
151 $204,757.76 $870.68 $0.00 $1,157.73 $206,786.17
152 $206,786.17 $870.68 $0.00 $1,169.20 $208,826.05
153 $208,826.05 $870.68 $0.00 $1,180.73 $210,877.46
154 $210,877.46 $870.68 $0.00 $1,192.33 $212,940.47
155 $212,940.47 $870.68 $0.00 $1,204.00 $215,015.15
156 $215,015.15 $870.68 $0.00 $1,215.73 $217,101.56
157 $217,101.56 $870.68 $0.00 $1,227.52 $219,199.76
158 $219,199.76 $870.68 $0.00 $1,239.39 $221,309.83
159 $221,309.83 $870.68 $0.00 $1,251.32 $223,431.83
160 $223,431.83 $870.68 $0.00 $1,263.32 $225,565.83
161 $225,565.83 $870.68 $0.00 $1,275.38 $227,711.89
162 $227,711.89 $870.68 $0.00 $1,287.52 $229,870.09
163 $229,870.09 $870.68 $0.00 $1,299.72 $232,040.49
164 $232,040.49 $870.68 $0.00 $1,311.99 $234,223.16
165 $234,223.16 $870.68 $0.00 $1,324.33 $236,418.17
166 $236,418.17 $870.68 $0.00 $1,336.74 $238,625.59
167 $238,625.59 $870.68 $0.00 $1,349.22 $240,845.49
168 $240,845.49 $870.68 $0.00 $1,361.78 $243,077.95
169 $243,077.95 $870.68 $0.00 $1,374.40 $245,323.03
170 $245,323.03 $870.68 $0.00 $1,387.09 $247,580.80
171 $247,580.80 $870.68 $0.00 $1,399.86 $249,851.34
172 $249,851.34 $870.68 $0.00 $1,412.70 $252,134.72
173 $252,134.72 $870.68 $0.00 $1,425.61 $254,431.01
174 $254,431.01 $870.68 $0.00 $1,438.59 $256,740.28
175 $256,740.28 $870.68 $0.00 $1,451.65 $259,062.61
176 $259,062.61 $870.68 $0.00 $1,464.78 $261,398.07
177 $261,398.07 $870.68 $0.00 $1,477.98 $263,746.73
178 $263,746.73 $870.68 $0.00 $1,491.26 $266,108.67
179 $266,108.67 $870.68 $0.00 $1,504.62 $268,483.97
180 $268,483.97 $870.68 $0.00 $1,518.05 $270,872.70
181 $270,872.70 $870.68 $0.00 $1,531.55 $273,274.93
182 $273,274.93 $870.68 $0.00 $1,545.14 $275,690.75
183 $275,690.75 $870.68 $0.00 $1,558.80 $278,120.23
184 $278,120.23 $870.68 $0.00 $1,572.53 $280,563.44
185 $280,563.44 $870.68 $0.00 $1,586.35 $283,020.47
186 $283,020.47 $870.68 $0.00 $1,600.24 $285,491.39
187 $285,491.39 $870.68 $0.00 $1,614.21 $287,976.28
188 $287,976.28 $870.68 $0.00 $1,628.26 $290,475.22
189 $290,475.22 $870.68 $0.00 $1,642.39 $292,988.29
190 $292,988.29 $870.68 $0.00 $1,656.60 $295,515.57
191 $295,515.57 $870.68 $0.00 $1,670.89 $298,057.14
192 $298,057.14 $870.68 $0.00 $1,685.26 $300,613.08
193 $300,613.08 $870.68 $0.00 $1,699.71 $303,183.47
194 $303,183.47 $870.68 $0.00 $1,714.24 $305,768.39
195 $305,768.39 $870.68 $0.00 $1,728.86 $308,367.93
196 $308,367.93 $870.68 $0.00 $1,743.56 $310,982.17
197 $310,982.17 $870.68 $0.00 $1,758.34 $313,611.19
198 $313,611.19 $870.68 $0.00 $1,773.20 $316,255.07
199 $316,255.07 $870.68 $0.00 $1,788.15 $318,913.90
200 $318,913.90 $870.68 $0.00 $1,803.19 $321,587.77
201 $321,587.77 $870.68 $0.00 $1,818.30 $324,276.75
202 $324,276.75 $870.68 $0.00 $1,833.51 $326,980.94
203 $326,980.94 $870.68 $0.00 $1,848.80 $329,700.42
204 $329,700.42 $870.68 $0.00 $1,864.17 $332,435.27
205 $332,435.27 $870.68 $0.00 $1,879.64 $335,185.59
206 $335,185.59 $870.68 $0.00 $1,895.19 $337,951.46
207 $337,951.46 $870.68 $0.00 $1,910.83 $340,732.97
208 $340,732.97 $870.68 $0.00 $1,926.55 $343,530.20
209 $343,530.20 $870.68 $0.00 $1,942.37 $346,343.25
210 $346,343.25 $870.68 $0.00 $1,958.28 $349,172.21
211 $349,172.21 $870.68 $0.00 $1,974.27 $352,017.16
212 $352,017.16 $870.68 $0.00 $1,990.36 $354,878.20
213 $354,878.20 $870.68 $0.00 $2,006.53 $357,755.41
214 $357,755.41 $870.68 $0.00 $2,022.80 $360,648.89
215 $360,648.89 $870.68 $0.00 $2,039.16 $363,558.73
216 $363,558.73 $870.68 $0.00 $2,055.61 $366,485.02
217 $366,485.02 $870.68 $102,076.75 $2,072.16 $267,351.11
218 $267,351.11 $870.68 $0.00 $1,511.64 $269,733.43
219 $269,733.43 $870.68 $0.00 $1,525.11 $272,129.22
220 $272,129.22 $870.68 $0.00 $1,538.66 $274,538.56
221 $274,538.56 $870.68 $0.00 $1,552.28 $276,961.52
222 $276,961.52 $870.68 $0.00 $1,565.98 $279,398.18
223 $279,398.18 $870.68 $0.00 $1,579.76 $281,848.62
224 $281,848.62 $870.68 $0.00 $1,593.61 $284,312.91
225 $284,312.91 $870.68 $0.00 $1,607.55 $286,791.14
226 $286,791.14 $870.68 $0.00 $1,621.56 $289,283.38
227 $289,283.38 $870.68 $0.00 $1,635.65 $291,789.71
228 $291,789.71 $870.68 $0.00 $1,649.82 $294,310.21
229 $294,310.21 $870.68 $107,180.59 $1,664.07 $189,664.37
230 $189,664.37 $870.68 $0.00 $1,072.39 $191,607.44
231 $191,607.44 $870.68 $0.00 $1,083.38 $193,561.50
232 $193,561.50 $870.68 $0.00 $1,094.42 $195,526.60
233 $195,526.60 $870.68 $0.00 $1,105.54 $197,502.82
234 $197,502.82 $870.68 $0.00 $1,116.71 $199,490.21
235 $199,490.21 $870.68 $0.00 $1,127.95 $201,488.84
236 $201,488.84 $870.68 $0.00 $1,139.25 $203,498.77
237 $203,498.77 $870.68 $0.00 $1,150.61 $205,520.06
238 $205,520.06 $870.68 $0.00 $1,162.04 $207,552.78
239 $207,552.78 $870.68 $0.00 $1,173.53 $209,596.99
240 $209,596.99 $870.68 $0.00 $1,185.09 $211,652.76
241 $211,652.76 $870.68 $112,539.62 $1,196.72 $101,180.54
242 $101,180.54 $870.68 $0.00 $572.09 $102,623.31
243 $102,623.31 $870.68 $0.00 $580.25 $104,074.24
244 $104,074.24 $870.68 $0.00 $588.45 $105,533.37
245 $105,533.37 $870.68 $0.00 $596.70 $107,000.75
246 $107,000.75 $870.68 $0.00 $605.00 $108,476.43
247 $108,476.43 $870.68 $0.00 $613.34 $109,960.45
248 $109,960.45 $870.68 $0.00 $621.73 $111,452.86
249 $111,452.86 $870.68 $0.00 $630.17 $112,953.71
250 $112,953.71 $870.68 $0.00 $638.66 $114,463.05
251 $114,463.05 $870.68 $0.00 $647.19 $115,980.92
252 $115,980.92 $870.68 $0.00 $655.77 $117,507.37
253 $117,507.37 $0.00 $118,166.60 $664.40 $5.17