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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$78,561
Monthly savings required$622

How much will it cost to send your child to Rocky Mountain College of Art and Design in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $314,244.88 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $621.89 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$30,295.00
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 $621.89 $0.00 $0.00 $621.89
2 $621.89 $621.89 $0.00 $3.52 $1,247.30
3 $1,247.30 $621.89 $0.00 $7.05 $1,876.24
4 $1,876.24 $621.89 $0.00 $10.61 $2,508.74
5 $2,508.74 $621.89 $0.00 $14.18 $3,144.81
6 $3,144.81 $621.89 $0.00 $17.78 $3,784.48
7 $3,784.48 $621.89 $0.00 $21.40 $4,427.77
8 $4,427.77 $621.89 $0.00 $25.04 $5,074.70
9 $5,074.70 $621.89 $0.00 $28.69 $5,725.28
10 $5,725.28 $621.89 $0.00 $32.37 $6,379.54
11 $6,379.54 $621.89 $0.00 $36.07 $7,037.50
12 $7,037.50 $621.89 $0.00 $39.79 $7,699.18
13 $7,699.18 $621.89 $0.00 $43.53 $8,364.60
14 $8,364.60 $621.89 $0.00 $47.29 $9,033.78
15 $9,033.78 $621.89 $0.00 $51.08 $9,706.75
16 $9,706.75 $621.89 $0.00 $54.88 $10,383.52
17 $10,383.52 $621.89 $0.00 $58.71 $11,064.12
18 $11,064.12 $621.89 $0.00 $62.56 $11,748.57
19 $11,748.57 $621.89 $0.00 $66.43 $12,436.89
20 $12,436.89 $621.89 $0.00 $70.32 $13,129.10
21 $13,129.10 $621.89 $0.00 $74.23 $13,825.22
22 $13,825.22 $621.89 $0.00 $78.17 $14,525.28
23 $14,525.28 $621.89 $0.00 $82.13 $15,229.30
24 $15,229.30 $621.89 $0.00 $86.11 $15,937.30
25 $15,937.30 $621.89 $0.00 $90.11 $16,649.30
26 $16,649.30 $621.89 $0.00 $94.14 $17,365.33
27 $17,365.33 $621.89 $0.00 $98.19 $18,085.41
28 $18,085.41 $621.89 $0.00 $102.26 $18,809.56
29 $18,809.56 $621.89 $0.00 $106.35 $19,537.80
30 $19,537.80 $621.89 $0.00 $110.47 $20,270.16
31 $20,270.16 $621.89 $0.00 $114.61 $21,006.66
32 $21,006.66 $621.89 $0.00 $118.77 $21,747.32
33 $21,747.32 $621.89 $0.00 $122.96 $22,492.17
34 $22,492.17 $621.89 $0.00 $127.17 $23,241.23
35 $23,241.23 $621.89 $0.00 $131.41 $23,994.53
36 $23,994.53 $621.89 $0.00 $135.67 $24,752.09
37 $24,752.09 $621.89 $0.00 $139.95 $25,513.93
38 $25,513.93 $621.89 $0.00 $144.26 $26,280.08
39 $26,280.08 $621.89 $0.00 $148.59 $27,050.56
40 $27,050.56 $621.89 $0.00 $152.95 $27,825.40
41 $27,825.40 $621.89 $0.00 $157.33 $28,604.62
42 $28,604.62 $621.89 $0.00 $161.73 $29,388.24
43 $29,388.24 $621.89 $0.00 $166.17 $30,176.30
44 $30,176.30 $621.89 $0.00 $170.62 $30,968.81
45 $30,968.81 $621.89 $0.00 $175.10 $31,765.80
46 $31,765.80 $621.89 $0.00 $179.61 $32,567.30
47 $32,567.30 $621.89 $0.00 $184.14 $33,373.33
48 $33,373.33 $621.89 $0.00 $188.70 $34,183.92
49 $34,183.92 $621.89 $0.00 $193.28 $34,999.09
50 $34,999.09 $621.89 $0.00 $197.89 $35,818.87
51 $35,818.87 $621.89 $0.00 $202.53 $36,643.29
52 $36,643.29 $621.89 $0.00 $207.19 $37,472.37
53 $37,472.37 $621.89 $0.00 $211.87 $38,306.13
54 $38,306.13 $621.89 $0.00 $216.59 $39,144.61
55 $39,144.61 $621.89 $0.00 $221.33 $39,987.83
56 $39,987.83 $621.89 $0.00 $226.10 $40,835.82
57 $40,835.82 $621.89 $0.00 $230.89 $41,688.60
58 $41,688.60 $621.89 $0.00 $235.71 $42,546.20
59 $42,546.20 $621.89 $0.00 $240.56 $43,408.65
60 $43,408.65 $621.89 $0.00 $245.44 $44,275.98
61 $44,275.98 $621.89 $0.00 $250.34 $45,148.21
62 $45,148.21 $621.89 $0.00 $255.27 $46,025.37
63 $46,025.37 $621.89 $0.00 $260.23 $46,907.49
64 $46,907.49 $621.89 $0.00 $265.22 $47,794.60
65 $47,794.60 $621.89 $0.00 $270.24 $48,686.73
66 $48,686.73 $621.89 $0.00 $275.28 $49,583.90
67 $49,583.90 $621.89 $0.00 $280.35 $50,486.14
68 $50,486.14 $621.89 $0.00 $285.46 $51,393.49
69 $51,393.49 $621.89 $0.00 $290.59 $52,305.97
70 $52,305.97 $621.89 $0.00 $295.75 $53,223.61
71 $53,223.61 $621.89 $0.00 $300.93 $54,146.43
72 $54,146.43 $621.89 $0.00 $306.15 $55,074.47
73 $55,074.47 $621.89 $0.00 $311.40 $56,007.76
74 $56,007.76 $621.89 $0.00 $316.68 $56,946.33
75 $56,946.33 $621.89 $0.00 $321.98 $57,890.20
76 $57,890.20 $621.89 $0.00 $327.32 $58,839.41
77 $58,839.41 $621.89 $0.00 $332.69 $59,793.99
78 $59,793.99 $621.89 $0.00 $338.08 $60,753.96
79 $60,753.96 $621.89 $0.00 $343.51 $61,719.36
80 $61,719.36 $621.89 $0.00 $348.97 $62,690.22
81 $62,690.22 $621.89 $0.00 $354.46 $63,666.57
82 $63,666.57 $621.89 $0.00 $359.98 $64,648.44
83 $64,648.44 $621.89 $0.00 $365.53 $65,635.86
84 $65,635.86 $621.89 $0.00 $371.11 $66,628.86
85 $66,628.86 $621.89 $0.00 $376.73 $67,627.48
86 $67,627.48 $621.89 $0.00 $382.38 $68,631.75
87 $68,631.75 $621.89 $0.00 $388.05 $69,641.69
88 $69,641.69 $621.89 $0.00 $393.76 $70,657.34
89 $70,657.34 $621.89 $0.00 $399.51 $71,678.74
90 $71,678.74 $621.89 $0.00 $405.28 $72,705.91
91 $72,705.91 $621.89 $0.00 $411.09 $73,738.89
92 $73,738.89 $621.89 $0.00 $416.93 $74,777.71
93 $74,777.71 $621.89 $0.00 $422.80 $75,822.40
94 $75,822.40 $621.89 $0.00 $428.71 $76,873.00
95 $76,873.00 $621.89 $0.00 $434.65 $77,929.54
96 $77,929.54 $621.89 $0.00 $440.62 $78,992.05
97 $78,992.05 $621.89 $0.00 $446.63 $80,060.57
98 $80,060.57 $621.89 $0.00 $452.67 $81,135.13
99 $81,135.13 $621.89 $0.00 $458.75 $82,215.77
100 $82,215.77 $621.89 $0.00 $464.86 $83,302.52
101 $83,302.52 $621.89 $0.00 $471.00 $84,395.41
102 $84,395.41 $621.89 $0.00 $477.18 $85,494.48
103 $85,494.48 $621.89 $0.00 $483.40 $86,599.77
104 $86,599.77 $621.89 $0.00 $489.65 $87,711.31
105 $87,711.31 $621.89 $0.00 $495.93 $88,829.13
106 $88,829.13 $621.89 $0.00 $502.25 $89,953.27
107 $89,953.27 $621.89 $0.00 $508.61 $91,083.77
108 $91,083.77 $621.89 $0.00 $515.00 $92,220.66
109 $92,220.66 $621.89 $0.00 $521.43 $93,363.98
110 $93,363.98 $621.89 $0.00 $527.89 $94,513.76
111 $94,513.76 $621.89 $0.00 $534.39 $95,670.04
112 $95,670.04 $621.89 $0.00 $540.93 $96,832.86
113 $96,832.86 $621.89 $0.00 $547.51 $98,002.26
114 $98,002.26 $621.89 $0.00 $554.12 $99,178.27
115 $99,178.27 $621.89 $0.00 $560.77 $100,360.93
116 $100,360.93 $621.89 $0.00 $567.46 $101,550.28
117 $101,550.28 $621.89 $0.00 $574.18 $102,746.35
118 $102,746.35 $621.89 $0.00 $580.94 $103,949.18
119 $103,949.18 $621.89 $0.00 $587.74 $105,158.81
120 $105,158.81 $621.89 $0.00 $594.58 $106,375.28
121 $106,375.28 $621.89 $0.00 $601.46 $107,598.63
122 $107,598.63 $621.89 $0.00 $608.38 $108,828.90
123 $108,828.90 $621.89 $0.00 $615.33 $110,066.12
124 $110,066.12 $621.89 $0.00 $622.33 $111,310.34
125 $111,310.34 $621.89 $0.00 $629.36 $112,561.59
126 $112,561.59 $621.89 $0.00 $636.44 $113,819.92
127 $113,819.92 $621.89 $0.00 $643.55 $115,085.36
128 $115,085.36 $621.89 $0.00 $650.71 $116,357.96
129 $116,357.96 $621.89 $0.00 $657.90 $117,637.75
130 $117,637.75 $621.89 $0.00 $665.14 $118,924.78
131 $118,924.78 $621.89 $0.00 $672.42 $120,219.09
132 $120,219.09 $621.89 $0.00 $679.74 $121,520.72
133 $121,520.72 $621.89 $0.00 $687.10 $122,829.71
134 $122,829.71 $621.89 $0.00 $694.50 $124,146.10
135 $124,146.10 $621.89 $0.00 $701.94 $125,469.93
136 $125,469.93 $621.89 $0.00 $709.43 $126,801.25
137 $126,801.25 $621.89 $0.00 $716.95 $128,140.09
138 $128,140.09 $621.89 $0.00 $724.52 $129,486.50
139 $129,486.50 $621.89 $0.00 $732.14 $130,840.53
140 $130,840.53 $621.89 $0.00 $739.79 $132,202.21
141 $132,202.21 $621.89 $0.00 $747.49 $133,571.59
142 $133,571.59 $621.89 $0.00 $755.23 $134,948.71
143 $134,948.71 $621.89 $0.00 $763.02 $136,333.62
144 $136,333.62 $621.89 $0.00 $770.85 $137,726.36
145 $137,726.36 $621.89 $0.00 $778.72 $139,126.97
146 $139,126.97 $621.89 $0.00 $786.64 $140,535.50
147 $140,535.50 $621.89 $0.00 $794.61 $141,952.00
148 $141,952.00 $621.89 $0.00 $802.62 $143,376.51
149 $143,376.51 $621.89 $0.00 $810.67 $144,809.07
150 $144,809.07 $621.89 $0.00 $818.77 $146,249.73
151 $146,249.73 $621.89 $0.00 $826.92 $147,698.54
152 $147,698.54 $621.89 $0.00 $835.11 $149,155.54
153 $149,155.54 $621.89 $0.00 $843.35 $150,620.78
154 $150,620.78 $621.89 $0.00 $851.63 $152,094.30
155 $152,094.30 $621.89 $0.00 $859.96 $153,576.15
156 $153,576.15 $621.89 $0.00 $868.34 $155,066.38
157 $155,066.38 $621.89 $0.00 $876.77 $156,565.04
158 $156,565.04 $621.89 $0.00 $885.24 $158,072.17
159 $158,072.17 $621.89 $0.00 $893.76 $159,587.82
160 $159,587.82 $621.89 $0.00 $902.33 $161,112.04
161 $161,112.04 $621.89 $0.00 $910.95 $162,644.88
162 $162,644.88 $621.89 $0.00 $919.62 $164,186.39
163 $164,186.39 $621.89 $0.00 $928.33 $165,736.61
164 $165,736.61 $621.89 $0.00 $937.10 $167,295.60
165 $167,295.60 $621.89 $0.00 $945.91 $168,863.40
166 $168,863.40 $621.89 $0.00 $954.78 $170,440.07
167 $170,440.07 $621.89 $0.00 $963.69 $172,025.65
168 $172,025.65 $621.89 $0.00 $972.66 $173,620.20
169 $173,620.20 $621.89 $0.00 $981.67 $175,223.76
170 $175,223.76 $621.89 $0.00 $990.74 $176,836.39
171 $176,836.39 $621.89 $0.00 $999.86 $178,458.14
172 $178,458.14 $621.89 $0.00 $1,009.03 $180,089.06
173 $180,089.06 $621.89 $0.00 $1,018.25 $181,729.20
174 $181,729.20 $621.89 $0.00 $1,027.52 $183,378.61
175 $183,378.61 $621.89 $0.00 $1,036.85 $185,037.35
176 $185,037.35 $621.89 $0.00 $1,046.23 $186,705.47
177 $186,705.47 $621.89 $0.00 $1,055.66 $188,383.02
178 $188,383.02 $621.89 $0.00 $1,065.14 $190,070.05
179 $190,070.05 $621.89 $0.00 $1,074.68 $191,766.62
180 $191,766.62 $621.89 $0.00 $1,084.28 $193,472.79
181 $193,472.79 $621.89 $0.00 $1,093.92 $195,188.60
182 $195,188.60 $621.89 $0.00 $1,103.62 $196,914.11
183 $196,914.11 $621.89 $0.00 $1,113.38 $198,649.38
184 $198,649.38 $621.89 $0.00 $1,123.19 $200,394.46
185 $200,394.46 $621.89 $0.00 $1,133.06 $202,149.41
186 $202,149.41 $621.89 $0.00 $1,142.98 $203,914.28
187 $203,914.28 $621.89 $0.00 $1,152.96 $205,689.13
188 $205,689.13 $621.89 $0.00 $1,163.00 $207,474.02
189 $207,474.02 $621.89 $0.00 $1,173.09 $209,269.00
190 $209,269.00 $621.89 $0.00 $1,183.24 $211,074.13
191 $211,074.13 $621.89 $0.00 $1,193.44 $212,889.46
192 $212,889.46 $621.89 $0.00 $1,203.71 $214,715.06
193 $214,715.06 $621.89 $0.00 $1,214.03 $216,550.98
194 $216,550.98 $621.89 $0.00 $1,224.41 $218,397.28
195 $218,397.28 $621.89 $0.00 $1,234.85 $220,254.02
196 $220,254.02 $621.89 $0.00 $1,245.35 $222,121.26
197 $222,121.26 $621.89 $0.00 $1,255.91 $223,999.06
198 $223,999.06 $621.89 $0.00 $1,266.52 $225,887.47
199 $225,887.47 $621.89 $0.00 $1,277.20 $227,786.56
200 $227,786.56 $621.89 $0.00 $1,287.94 $229,696.39
201 $229,696.39 $621.89 $0.00 $1,298.74 $231,617.02
202 $231,617.02 $621.89 $0.00 $1,309.60 $233,548.51
203 $233,548.51 $621.89 $0.00 $1,320.52 $235,490.92
204 $235,490.92 $621.89 $0.00 $1,331.50 $237,444.31
205 $237,444.31 $621.89 $0.00 $1,342.54 $239,408.74
206 $239,408.74 $621.89 $0.00 $1,353.65 $241,384.28
207 $241,384.28 $621.89 $0.00 $1,364.82 $243,370.99
208 $243,370.99 $621.89 $0.00 $1,376.05 $245,368.93
209 $245,368.93 $621.89 $0.00 $1,387.35 $247,378.17
210 $247,378.17 $621.89 $0.00 $1,398.71 $249,398.77
211 $249,398.77 $621.89 $0.00 $1,410.14 $251,430.80
212 $251,430.80 $621.89 $0.00 $1,421.63 $253,474.32
213 $253,474.32 $621.89 $0.00 $1,433.18 $255,529.39
214 $255,529.39 $621.89 $0.00 $1,444.80 $257,596.08
215 $257,596.08 $621.89 $0.00 $1,456.49 $259,674.46
216 $259,674.46 $621.89 $0.00 $1,468.24 $261,764.59
217 $261,764.59 $621.89 $72,908.53 $1,480.06 $190,958.01
218 $190,958.01 $621.89 $0.00 $1,079.70 $192,659.60
219 $192,659.60 $621.89 $0.00 $1,089.33 $194,370.82
220 $194,370.82 $621.89 $0.00 $1,099.00 $196,091.71
221 $196,091.71 $621.89 $0.00 $1,108.73 $197,822.33
222 $197,822.33 $621.89 $0.00 $1,118.52 $199,562.74
223 $199,562.74 $621.89 $0.00 $1,128.36 $201,312.99
224 $201,312.99 $621.89 $0.00 $1,138.25 $203,073.13
225 $203,073.13 $621.89 $0.00 $1,148.21 $204,843.23
226 $204,843.23 $621.89 $0.00 $1,158.21 $206,623.33
227 $206,623.33 $621.89 $0.00 $1,168.28 $208,413.50
228 $208,413.50 $621.89 $0.00 $1,178.40 $210,213.79
229 $210,213.79 $621.89 $76,553.96 $1,188.58 $135,470.30
230 $135,470.30 $621.89 $0.00 $765.97 $136,858.16
231 $136,858.16 $621.89 $0.00 $773.82 $138,253.87
232 $138,253.87 $621.89 $0.00 $781.71 $139,657.47
233 $139,657.47 $621.89 $0.00 $789.64 $141,069.00
234 $141,069.00 $621.89 $0.00 $797.62 $142,488.51
235 $142,488.51 $621.89 $0.00 $805.65 $143,916.05
236 $143,916.05 $621.89 $0.00 $813.72 $145,351.66
237 $145,351.66 $621.89 $0.00 $821.84 $146,795.39
238 $146,795.39 $621.89 $0.00 $830.00 $148,247.28
239 $148,247.28 $621.89 $0.00 $838.21 $149,707.38
240 $149,707.38 $621.89 $0.00 $846.47 $151,175.74
241 $151,175.74 $621.89 $80,381.65 $854.77 $72,270.75
242 $72,270.75 $621.89 $0.00 $408.63 $73,301.27
243 $73,301.27 $621.89 $0.00 $414.46 $74,337.62
244 $74,337.62 $621.89 $0.00 $420.32 $75,379.83
245 $75,379.83 $621.89 $0.00 $426.21 $76,427.93
246 $76,427.93 $621.89 $0.00 $432.13 $77,481.95
247 $77,481.95 $621.89 $0.00 $438.09 $78,541.93
248 $78,541.93 $621.89 $0.00 $444.09 $79,607.91
249 $79,607.91 $621.89 $0.00 $450.11 $80,679.91
250 $80,679.91 $621.89 $0.00 $456.18 $81,757.98
251 $81,757.98 $621.89 $0.00 $462.27 $82,842.14
252 $82,842.14 $621.89 $0.00 $468.40 $83,932.43
253 $83,932.43 $0.00 $84,400.74 $474.57 $6.26