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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$84,258
Monthly savings required$667

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 $337,033.98 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $666.99 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$32,492.00
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 $666.99 $0.00 $0.00 $666.99
2 $666.99 $666.99 $0.00 $3.77 $1,337.75
3 $1,337.75 $666.99 $0.00 $7.56 $2,012.30
4 $2,012.30 $666.99 $0.00 $11.38 $2,690.67
5 $2,690.67 $666.99 $0.00 $15.21 $3,372.87
6 $3,372.87 $666.99 $0.00 $19.07 $4,058.93
7 $4,058.93 $666.99 $0.00 $22.95 $4,748.87
8 $4,748.87 $666.99 $0.00 $26.85 $5,442.71
9 $5,442.71 $666.99 $0.00 $30.77 $6,140.47
10 $6,140.47 $666.99 $0.00 $34.72 $6,842.18
11 $6,842.18 $666.99 $0.00 $38.69 $7,547.86
12 $7,547.86 $666.99 $0.00 $42.68 $8,257.53
13 $8,257.53 $666.99 $0.00 $46.69 $8,971.21
14 $8,971.21 $666.99 $0.00 $50.72 $9,688.92
15 $9,688.92 $666.99 $0.00 $54.78 $10,410.69
16 $10,410.69 $666.99 $0.00 $58.86 $11,136.54
17 $11,136.54 $666.99 $0.00 $62.97 $11,866.50
18 $11,866.50 $666.99 $0.00 $67.09 $12,600.58
19 $12,600.58 $666.99 $0.00 $71.25 $13,338.82
20 $13,338.82 $666.99 $0.00 $75.42 $14,081.23
21 $14,081.23 $666.99 $0.00 $79.62 $14,827.84
22 $14,827.84 $666.99 $0.00 $83.84 $15,578.67
23 $15,578.67 $666.99 $0.00 $88.08 $16,333.74
24 $16,333.74 $666.99 $0.00 $92.35 $17,093.08
25 $17,093.08 $666.99 $0.00 $96.65 $17,856.72
26 $17,856.72 $666.99 $0.00 $100.96 $18,624.67
27 $18,624.67 $666.99 $0.00 $105.31 $19,396.97
28 $19,396.97 $666.99 $0.00 $109.67 $20,173.63
29 $20,173.63 $666.99 $0.00 $114.06 $20,954.68
30 $20,954.68 $666.99 $0.00 $118.48 $21,740.15
31 $21,740.15 $666.99 $0.00 $122.92 $22,530.06
32 $22,530.06 $666.99 $0.00 $127.39 $23,324.44
33 $23,324.44 $666.99 $0.00 $131.88 $24,123.31
34 $24,123.31 $666.99 $0.00 $136.40 $24,926.70
35 $24,926.70 $666.99 $0.00 $140.94 $25,734.63
36 $25,734.63 $666.99 $0.00 $145.51 $26,547.13
37 $26,547.13 $666.99 $0.00 $150.10 $27,364.22
38 $27,364.22 $666.99 $0.00 $154.72 $28,185.93
39 $28,185.93 $666.99 $0.00 $159.37 $29,012.29
40 $29,012.29 $666.99 $0.00 $164.04 $29,843.32
41 $29,843.32 $666.99 $0.00 $168.74 $30,679.05
42 $30,679.05 $666.99 $0.00 $173.46 $31,519.50
43 $31,519.50 $666.99 $0.00 $178.22 $32,364.71
44 $32,364.71 $666.99 $0.00 $182.99 $33,214.69
45 $33,214.69 $666.99 $0.00 $187.80 $34,069.48
46 $34,069.48 $666.99 $0.00 $192.63 $34,929.10
47 $34,929.10 $666.99 $0.00 $197.49 $35,793.58
48 $35,793.58 $666.99 $0.00 $202.38 $36,662.95
49 $36,662.95 $666.99 $0.00 $207.30 $37,537.24
50 $37,537.24 $666.99 $0.00 $212.24 $38,416.47
51 $38,416.47 $666.99 $0.00 $217.21 $39,300.67
52 $39,300.67 $666.99 $0.00 $222.21 $40,189.87
53 $40,189.87 $666.99 $0.00 $227.24 $41,084.10
54 $41,084.10 $666.99 $0.00 $232.30 $41,983.39
55 $41,983.39 $666.99 $0.00 $237.38 $42,887.76
56 $42,887.76 $666.99 $0.00 $242.49 $43,797.24
57 $43,797.24 $666.99 $0.00 $247.64 $44,711.87
58 $44,711.87 $666.99 $0.00 $252.81 $45,631.67
59 $45,631.67 $666.99 $0.00 $258.01 $46,556.67
60 $46,556.67 $666.99 $0.00 $263.24 $47,486.90
61 $47,486.90 $666.99 $0.00 $268.50 $48,422.39
62 $48,422.39 $666.99 $0.00 $273.79 $49,363.17
63 $49,363.17 $666.99 $0.00 $279.11 $50,309.27
64 $50,309.27 $666.99 $0.00 $284.46 $51,260.72
65 $51,260.72 $666.99 $0.00 $289.84 $52,217.55
66 $52,217.55 $666.99 $0.00 $295.25 $53,179.79
67 $53,179.79 $666.99 $0.00 $300.69 $54,147.47
68 $54,147.47 $666.99 $0.00 $306.16 $55,120.62
69 $55,120.62 $666.99 $0.00 $311.66 $56,099.27
70 $56,099.27 $666.99 $0.00 $317.19 $57,083.45
71 $57,083.45 $666.99 $0.00 $322.76 $58,073.20
72 $58,073.20 $666.99 $0.00 $328.35 $59,068.54
73 $59,068.54 $666.99 $0.00 $333.98 $60,069.51
74 $60,069.51 $666.99 $0.00 $339.64 $61,076.14
75 $61,076.14 $666.99 $0.00 $345.33 $62,088.46
76 $62,088.46 $666.99 $0.00 $351.06 $63,106.51
77 $63,106.51 $666.99 $0.00 $356.81 $64,130.31
78 $64,130.31 $666.99 $0.00 $362.60 $65,159.90
79 $65,159.90 $666.99 $0.00 $368.42 $66,195.31
80 $66,195.31 $666.99 $0.00 $374.28 $67,236.58
81 $67,236.58 $666.99 $0.00 $380.17 $68,283.74
82 $68,283.74 $666.99 $0.00 $386.09 $69,336.82
83 $69,336.82 $666.99 $0.00 $392.04 $70,395.85
84 $70,395.85 $666.99 $0.00 $398.03 $71,460.87
85 $71,460.87 $666.99 $0.00 $404.05 $72,531.91
86 $72,531.91 $666.99 $0.00 $410.11 $73,609.01
87 $73,609.01 $666.99 $0.00 $416.20 $74,692.20
88 $74,692.20 $666.99 $0.00 $422.32 $75,781.51
89 $75,781.51 $666.99 $0.00 $428.48 $76,876.98
90 $76,876.98 $666.99 $0.00 $434.67 $77,978.64
91 $77,978.64 $666.99 $0.00 $440.90 $79,086.53
92 $79,086.53 $666.99 $0.00 $447.17 $80,200.69
93 $80,200.69 $666.99 $0.00 $453.47 $81,321.15
94 $81,321.15 $666.99 $0.00 $459.80 $82,447.94
95 $82,447.94 $666.99 $0.00 $466.17 $83,581.10
96 $83,581.10 $666.99 $0.00 $472.58 $84,720.67
97 $84,720.67 $666.99 $0.00 $479.02 $85,866.68
98 $85,866.68 $666.99 $0.00 $485.50 $87,019.17
99 $87,019.17 $666.99 $0.00 $492.02 $88,178.18
100 $88,178.18 $666.99 $0.00 $498.57 $89,343.74
101 $89,343.74 $666.99 $0.00 $505.16 $90,515.89
102 $90,515.89 $666.99 $0.00 $511.79 $91,694.67
103 $91,694.67 $666.99 $0.00 $518.45 $92,880.11
104 $92,880.11 $666.99 $0.00 $525.16 $94,072.26
105 $94,072.26 $666.99 $0.00 $531.90 $95,271.15
106 $95,271.15 $666.99 $0.00 $538.68 $96,476.82
107 $96,476.82 $666.99 $0.00 $545.49 $97,689.30
108 $97,689.30 $666.99 $0.00 $552.35 $98,908.64
109 $98,908.64 $666.99 $0.00 $559.24 $100,134.87
110 $100,134.87 $666.99 $0.00 $566.18 $101,368.04
111 $101,368.04 $666.99 $0.00 $573.15 $102,608.18
112 $102,608.18 $666.99 $0.00 $580.16 $103,855.33
113 $103,855.33 $666.99 $0.00 $587.21 $105,109.53
114 $105,109.53 $666.99 $0.00 $594.30 $106,370.82
115 $106,370.82 $666.99 $0.00 $601.44 $107,639.25
116 $107,639.25 $666.99 $0.00 $608.61 $108,914.85
117 $108,914.85 $666.99 $0.00 $615.82 $110,197.66
118 $110,197.66 $666.99 $0.00 $623.07 $111,487.72
119 $111,487.72 $666.99 $0.00 $630.37 $112,785.08
120 $112,785.08 $666.99 $0.00 $637.70 $114,089.77
121 $114,089.77 $666.99 $0.00 $645.08 $115,401.84
122 $115,401.84 $666.99 $0.00 $652.50 $116,721.33
123 $116,721.33 $666.99 $0.00 $659.96 $118,048.28
124 $118,048.28 $666.99 $0.00 $667.46 $119,382.73
125 $119,382.73 $666.99 $0.00 $675.01 $120,724.73
126 $120,724.73 $666.99 $0.00 $682.60 $122,074.32
127 $122,074.32 $666.99 $0.00 $690.23 $123,431.54
128 $123,431.54 $666.99 $0.00 $697.90 $124,796.43
129 $124,796.43 $666.99 $0.00 $705.62 $126,169.04
130 $126,169.04 $666.99 $0.00 $713.38 $127,549.41
131 $127,549.41 $666.99 $0.00 $721.18 $128,937.58
132 $128,937.58 $666.99 $0.00 $729.03 $130,333.60
133 $130,333.60 $666.99 $0.00 $736.93 $131,737.52
134 $131,737.52 $666.99 $0.00 $744.86 $133,149.37
135 $133,149.37 $666.99 $0.00 $752.85 $134,569.21
136 $134,569.21 $666.99 $0.00 $760.87 $135,997.07
137 $135,997.07 $666.99 $0.00 $768.95 $137,433.01
138 $137,433.01 $666.99 $0.00 $777.07 $138,877.07
139 $138,877.07 $666.99 $0.00 $785.23 $140,329.29
140 $140,329.29 $666.99 $0.00 $793.44 $141,789.72
141 $141,789.72 $666.99 $0.00 $801.70 $143,258.41
142 $143,258.41 $666.99 $0.00 $810.00 $144,735.40
143 $144,735.40 $666.99 $0.00 $818.35 $146,220.74
144 $146,220.74 $666.99 $0.00 $826.75 $147,714.48
145 $147,714.48 $666.99 $0.00 $835.20 $149,216.67
146 $149,216.67 $666.99 $0.00 $843.69 $150,727.35
147 $150,727.35 $666.99 $0.00 $852.23 $152,246.57
148 $152,246.57 $666.99 $0.00 $860.82 $153,774.38
149 $153,774.38 $666.99 $0.00 $869.46 $155,310.83
150 $155,310.83 $666.99 $0.00 $878.15 $156,855.97
151 $156,855.97 $666.99 $0.00 $886.89 $158,409.85
152 $158,409.85 $666.99 $0.00 $895.67 $159,972.51
153 $159,972.51 $666.99 $0.00 $904.51 $161,544.01
154 $161,544.01 $666.99 $0.00 $913.39 $163,124.39
155 $163,124.39 $666.99 $0.00 $922.33 $164,713.71
156 $164,713.71 $666.99 $0.00 $931.32 $166,312.02
157 $166,312.02 $666.99 $0.00 $940.35 $167,919.36
158 $167,919.36 $666.99 $0.00 $949.44 $169,535.79
159 $169,535.79 $666.99 $0.00 $958.58 $171,161.36
160 $171,161.36 $666.99 $0.00 $967.77 $172,796.12
161 $172,796.12 $666.99 $0.00 $977.01 $174,440.12
162 $174,440.12 $666.99 $0.00 $986.31 $176,093.42
163 $176,093.42 $666.99 $0.00 $995.66 $177,756.07
164 $177,756.07 $666.99 $0.00 $1,005.06 $179,428.12
165 $179,428.12 $666.99 $0.00 $1,014.51 $181,109.62
166 $181,109.62 $666.99 $0.00 $1,024.02 $182,800.63
167 $182,800.63 $666.99 $0.00 $1,033.58 $184,501.20
168 $184,501.20 $666.99 $0.00 $1,043.20 $186,211.39
169 $186,211.39 $666.99 $0.00 $1,052.87 $187,931.25
170 $187,931.25 $666.99 $0.00 $1,062.59 $189,660.83
171 $189,660.83 $666.99 $0.00 $1,072.37 $191,400.19
172 $191,400.19 $666.99 $0.00 $1,082.20 $193,149.38
173 $193,149.38 $666.99 $0.00 $1,092.09 $194,908.46
174 $194,908.46 $666.99 $0.00 $1,102.04 $196,677.49
175 $196,677.49 $666.99 $0.00 $1,112.04 $198,456.52
176 $198,456.52 $666.99 $0.00 $1,122.10 $200,245.61
177 $200,245.61 $666.99 $0.00 $1,132.22 $202,044.82
178 $202,044.82 $666.99 $0.00 $1,142.39 $203,854.20
179 $203,854.20 $666.99 $0.00 $1,152.62 $205,673.81
180 $205,673.81 $666.99 $0.00 $1,162.91 $207,503.71
181 $207,503.71 $666.99 $0.00 $1,173.26 $209,343.96
182 $209,343.96 $666.99 $0.00 $1,183.66 $211,194.61
183 $211,194.61 $666.99 $0.00 $1,194.13 $213,055.73
184 $213,055.73 $666.99 $0.00 $1,204.65 $214,927.37
185 $214,927.37 $666.99 $0.00 $1,215.23 $216,809.59
186 $216,809.59 $666.99 $0.00 $1,225.87 $218,702.45
187 $218,702.45 $666.99 $0.00 $1,236.58 $220,606.02
188 $220,606.02 $666.99 $0.00 $1,247.34 $222,520.35
189 $222,520.35 $666.99 $0.00 $1,258.16 $224,445.50
190 $224,445.50 $666.99 $0.00 $1,269.05 $226,381.54
191 $226,381.54 $666.99 $0.00 $1,279.99 $228,328.52
192 $228,328.52 $666.99 $0.00 $1,291.00 $230,286.51
193 $230,286.51 $666.99 $0.00 $1,302.07 $232,255.57
194 $232,255.57 $666.99 $0.00 $1,313.21 $234,235.77
195 $234,235.77 $666.99 $0.00 $1,324.40 $236,227.16
196 $236,227.16 $666.99 $0.00 $1,335.66 $238,229.81
197 $238,229.81 $666.99 $0.00 $1,346.99 $240,243.79
198 $240,243.79 $666.99 $0.00 $1,358.37 $242,269.15
199 $242,269.15 $666.99 $0.00 $1,369.82 $244,305.96
200 $244,305.96 $666.99 $0.00 $1,381.34 $246,354.29
201 $246,354.29 $666.99 $0.00 $1,392.92 $248,414.20
202 $248,414.20 $666.99 $0.00 $1,404.57 $250,485.76
203 $250,485.76 $666.99 $0.00 $1,416.28 $252,569.03
204 $252,569.03 $666.99 $0.00 $1,428.06 $254,664.08
205 $254,664.08 $666.99 $0.00 $1,439.91 $256,770.98
206 $256,770.98 $666.99 $0.00 $1,451.82 $258,889.79
207 $258,889.79 $666.99 $0.00 $1,463.80 $261,020.58
208 $261,020.58 $666.99 $0.00 $1,475.85 $263,163.42
209 $263,163.42 $666.99 $0.00 $1,487.96 $265,318.37
210 $265,318.37 $666.99 $0.00 $1,500.15 $267,485.51
211 $267,485.51 $666.99 $0.00 $1,512.40 $269,664.90
212 $269,664.90 $666.99 $0.00 $1,524.72 $271,856.61
213 $271,856.61 $666.99 $0.00 $1,537.12 $274,060.72
214 $274,060.72 $666.99 $0.00 $1,549.58 $276,277.29
215 $276,277.29 $666.99 $0.00 $1,562.11 $278,506.39
216 $278,506.39 $666.99 $0.00 $1,574.72 $280,748.10
217 $280,748.10 $666.99 $78,195.87 $1,587.39 $204,806.61
218 $204,806.61 $666.99 $0.00 $1,158.01 $206,631.61
219 $206,631.61 $666.99 $0.00 $1,168.33 $208,466.93
220 $208,466.93 $666.99 $0.00 $1,178.70 $210,312.62
221 $210,312.62 $666.99 $0.00 $1,189.14 $212,168.75
222 $212,168.75 $666.99 $0.00 $1,199.63 $214,035.37
223 $214,035.37 $666.99 $0.00 $1,210.19 $215,912.55
224 $215,912.55 $666.99 $0.00 $1,220.80 $217,800.34
225 $217,800.34 $666.99 $0.00 $1,231.47 $219,698.80
226 $219,698.80 $666.99 $0.00 $1,242.21 $221,608.00
227 $221,608.00 $666.99 $0.00 $1,253.00 $223,527.99
228 $223,527.99 $666.99 $0.00 $1,263.86 $225,458.84
229 $225,458.84 $666.99 $82,105.67 $1,274.78 $145,294.94
230 $145,294.94 $666.99 $0.00 $821.52 $146,783.45
231 $146,783.45 $666.99 $0.00 $829.93 $148,280.37
232 $148,280.37 $666.99 $0.00 $838.40 $149,785.76
233 $149,785.76 $666.99 $0.00 $846.91 $151,299.66
234 $151,299.66 $666.99 $0.00 $855.47 $152,822.12
235 $152,822.12 $666.99 $0.00 $864.08 $154,353.19
236 $154,353.19 $666.99 $0.00 $872.74 $155,892.92
237 $155,892.92 $666.99 $0.00 $881.44 $157,441.35
238 $157,441.35 $666.99 $0.00 $890.20 $158,998.54
239 $158,998.54 $666.99 $0.00 $899.00 $160,564.53
240 $160,564.53 $666.99 $0.00 $907.86 $162,139.38
241 $162,139.38 $666.99 $86,210.95 $916.76 $77,512.18
242 $77,512.18 $666.99 $0.00 $438.27 $78,617.44
243 $78,617.44 $666.99 $0.00 $444.51 $79,728.94
244 $79,728.94 $666.99 $0.00 $450.80 $80,846.73
245 $80,846.73 $666.99 $0.00 $457.12 $81,970.84
246 $81,970.84 $666.99 $0.00 $463.48 $83,101.31
247 $83,101.31 $666.99 $0.00 $469.87 $84,238.17
248 $84,238.17 $666.99 $0.00 $476.29 $85,381.45
249 $85,381.45 $666.99 $0.00 $482.76 $86,531.20
250 $86,531.20 $666.99 $0.00 $489.26 $87,687.45
251 $87,687.45 $666.99 $0.00 $495.80 $88,850.24
252 $88,850.24 $666.99 $0.00 $502.37 $90,019.60
253 $90,019.60 $0.00 $90,521.50 $508.98 $7.08