Savings Plan and Future Cost Estimation for Rocky Mountain College of Art and Design

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$89,429
Monthly savings required$708

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 $357,717.41 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $707.91 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$34,486.00
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 $707.91 $0.00 $0.00 $707.91
2 $707.91 $707.91 $0.00 $4.00 $1,419.82
3 $1,419.82 $707.91 $0.00 $8.03 $2,135.76
4 $2,135.76 $707.91 $0.00 $12.08 $2,855.75
5 $2,855.75 $707.91 $0.00 $16.15 $3,579.81
6 $3,579.81 $707.91 $0.00 $20.24 $4,307.96
7 $4,307.96 $707.91 $0.00 $24.36 $5,040.23
8 $5,040.23 $707.91 $0.00 $28.50 $5,776.64
9 $5,776.64 $707.91 $0.00 $32.66 $6,517.21
10 $6,517.21 $707.91 $0.00 $36.85 $7,261.97
11 $7,261.97 $707.91 $0.00 $41.06 $8,010.94
12 $8,010.94 $707.91 $0.00 $45.30 $8,764.15
13 $8,764.15 $707.91 $0.00 $49.55 $9,521.61
14 $9,521.61 $707.91 $0.00 $53.84 $10,283.36
15 $10,283.36 $707.91 $0.00 $58.14 $11,049.41
16 $11,049.41 $707.91 $0.00 $62.47 $11,819.79
17 $11,819.79 $707.91 $0.00 $66.83 $12,594.53
18 $12,594.53 $707.91 $0.00 $71.21 $13,373.65
19 $13,373.65 $707.91 $0.00 $75.62 $14,157.18
20 $14,157.18 $707.91 $0.00 $80.05 $14,945.14
21 $14,945.14 $707.91 $0.00 $84.50 $15,737.55
22 $15,737.55 $707.91 $0.00 $88.98 $16,534.44
23 $16,534.44 $707.91 $0.00 $93.49 $17,335.84
24 $17,335.84 $707.91 $0.00 $98.02 $18,141.77
25 $18,141.77 $707.91 $0.00 $102.58 $18,952.26
26 $18,952.26 $707.91 $0.00 $107.16 $19,767.33
27 $19,767.33 $707.91 $0.00 $111.77 $20,587.01
28 $20,587.01 $707.91 $0.00 $116.40 $21,411.32
29 $21,411.32 $707.91 $0.00 $121.06 $22,240.29
30 $22,240.29 $707.91 $0.00 $125.75 $23,073.95
31 $23,073.95 $707.91 $0.00 $130.46 $23,912.32
32 $23,912.32 $707.91 $0.00 $135.20 $24,755.43
33 $24,755.43 $707.91 $0.00 $139.97 $25,603.31
34 $25,603.31 $707.91 $0.00 $144.76 $26,455.98
35 $26,455.98 $707.91 $0.00 $149.59 $27,313.48
36 $27,313.48 $707.91 $0.00 $154.43 $28,175.82
37 $28,175.82 $707.91 $0.00 $159.31 $29,043.04
38 $29,043.04 $707.91 $0.00 $164.21 $29,915.16
39 $29,915.16 $707.91 $0.00 $169.14 $30,792.21
40 $30,792.21 $707.91 $0.00 $174.10 $31,674.22
41 $31,674.22 $707.91 $0.00 $179.09 $32,561.22
42 $32,561.22 $707.91 $0.00 $184.11 $33,453.24
43 $33,453.24 $707.91 $0.00 $189.15 $34,350.30
44 $34,350.30 $707.91 $0.00 $194.22 $35,252.43
45 $35,252.43 $707.91 $0.00 $199.32 $36,159.66
46 $36,159.66 $707.91 $0.00 $204.45 $37,072.02
47 $37,072.02 $707.91 $0.00 $209.61 $37,989.54
48 $37,989.54 $707.91 $0.00 $214.80 $38,912.25
49 $38,912.25 $707.91 $0.00 $220.02 $39,840.18
50 $39,840.18 $707.91 $0.00 $225.26 $40,773.35
51 $40,773.35 $707.91 $0.00 $230.54 $41,711.80
52 $41,711.80 $707.91 $0.00 $235.84 $42,655.55
53 $42,655.55 $707.91 $0.00 $241.18 $43,604.64
54 $43,604.64 $707.91 $0.00 $246.55 $44,559.10
55 $44,559.10 $707.91 $0.00 $251.94 $45,518.95
56 $45,518.95 $707.91 $0.00 $257.37 $46,484.23
57 $46,484.23 $707.91 $0.00 $262.83 $47,454.97
58 $47,454.97 $707.91 $0.00 $268.32 $48,431.20
59 $48,431.20 $707.91 $0.00 $273.84 $49,412.95
60 $49,412.95 $707.91 $0.00 $279.39 $50,400.25
61 $50,400.25 $707.91 $0.00 $284.97 $51,393.13
62 $51,393.13 $707.91 $0.00 $290.58 $52,391.62
63 $52,391.62 $707.91 $0.00 $296.23 $53,395.76
64 $53,395.76 $707.91 $0.00 $301.91 $54,405.58
65 $54,405.58 $707.91 $0.00 $307.62 $55,421.11
66 $55,421.11 $707.91 $0.00 $313.36 $56,442.38
67 $56,442.38 $707.91 $0.00 $319.13 $57,469.42
68 $57,469.42 $707.91 $0.00 $324.94 $58,502.27
69 $58,502.27 $707.91 $0.00 $330.78 $59,540.96
70 $59,540.96 $707.91 $0.00 $336.65 $60,585.52
71 $60,585.52 $707.91 $0.00 $342.56 $61,635.99
72 $61,635.99 $707.91 $0.00 $348.50 $62,692.40
73 $62,692.40 $707.91 $0.00 $354.47 $63,754.78
74 $63,754.78 $707.91 $0.00 $360.48 $64,823.17
75 $64,823.17 $707.91 $0.00 $366.52 $65,897.60
76 $65,897.60 $707.91 $0.00 $372.59 $66,978.10
77 $66,978.10 $707.91 $0.00 $378.70 $68,064.71
78 $68,064.71 $707.91 $0.00 $384.85 $69,157.47
79 $69,157.47 $707.91 $0.00 $391.03 $70,256.41
80 $70,256.41 $707.91 $0.00 $397.24 $71,361.56
81 $71,361.56 $707.91 $0.00 $403.49 $72,472.96
82 $72,472.96 $707.91 $0.00 $409.77 $73,590.64
83 $73,590.64 $707.91 $0.00 $416.09 $74,714.64
84 $74,714.64 $707.91 $0.00 $422.45 $75,845.00
85 $75,845.00 $707.91 $0.00 $428.84 $76,981.75
86 $76,981.75 $707.91 $0.00 $435.27 $78,124.93
87 $78,124.93 $707.91 $0.00 $441.73 $79,274.57
88 $79,274.57 $707.91 $0.00 $448.23 $80,430.71
89 $80,430.71 $707.91 $0.00 $454.77 $81,593.39
90 $81,593.39 $707.91 $0.00 $461.34 $82,762.64
91 $82,762.64 $707.91 $0.00 $467.95 $83,938.50
92 $83,938.50 $707.91 $0.00 $474.60 $85,121.01
93 $85,121.01 $707.91 $0.00 $481.29 $86,310.21
94 $86,310.21 $707.91 $0.00 $488.01 $87,506.13
95 $87,506.13 $707.91 $0.00 $494.77 $88,708.81
96 $88,708.81 $707.91 $0.00 $501.57 $89,918.29
97 $89,918.29 $707.91 $0.00 $508.41 $91,134.61
98 $91,134.61 $707.91 $0.00 $515.29 $92,357.81
99 $92,357.81 $707.91 $0.00 $522.20 $93,587.92
100 $93,587.92 $707.91 $0.00 $529.16 $94,824.99
101 $94,824.99 $707.91 $0.00 $536.15 $96,069.05
102 $96,069.05 $707.91 $0.00 $543.19 $97,320.15
103 $97,320.15 $707.91 $0.00 $550.26 $98,578.32
104 $98,578.32 $707.91 $0.00 $557.38 $99,843.61
105 $99,843.61 $707.91 $0.00 $564.53 $101,116.05
106 $101,116.05 $707.91 $0.00 $571.72 $102,395.68
107 $102,395.68 $707.91 $0.00 $578.96 $103,682.55
108 $103,682.55 $707.91 $0.00 $586.24 $104,976.70
109 $104,976.70 $707.91 $0.00 $593.55 $106,278.16
110 $106,278.16 $707.91 $0.00 $600.91 $107,586.98
111 $107,586.98 $707.91 $0.00 $608.31 $108,903.20
112 $108,903.20 $707.91 $0.00 $615.75 $110,226.86
113 $110,226.86 $707.91 $0.00 $623.24 $111,558.01
114 $111,558.01 $707.91 $0.00 $630.77 $112,896.69
115 $112,896.69 $707.91 $0.00 $638.33 $114,242.93
116 $114,242.93 $707.91 $0.00 $645.95 $115,596.79
117 $115,596.79 $707.91 $0.00 $653.60 $116,958.30
118 $116,958.30 $707.91 $0.00 $661.30 $118,327.51
119 $118,327.51 $707.91 $0.00 $669.04 $119,704.46
120 $119,704.46 $707.91 $0.00 $676.83 $121,089.20
121 $121,089.20 $707.91 $0.00 $684.66 $122,481.77
122 $122,481.77 $707.91 $0.00 $692.53 $123,882.21
123 $123,882.21 $707.91 $0.00 $700.45 $125,290.57
124 $125,290.57 $707.91 $0.00 $708.41 $126,706.89
125 $126,706.89 $707.91 $0.00 $716.42 $128,131.22
126 $128,131.22 $707.91 $0.00 $724.47 $129,563.60
127 $129,563.60 $707.91 $0.00 $732.57 $131,004.08
128 $131,004.08 $707.91 $0.00 $740.72 $132,452.71
129 $132,452.71 $707.91 $0.00 $748.91 $133,909.53
130 $133,909.53 $707.91 $0.00 $757.14 $135,374.58
131 $135,374.58 $707.91 $0.00 $765.43 $136,847.92
132 $136,847.92 $707.91 $0.00 $773.76 $138,329.59
133 $138,329.59 $707.91 $0.00 $782.14 $139,819.64
134 $139,819.64 $707.91 $0.00 $790.56 $141,318.11
135 $141,318.11 $707.91 $0.00 $799.03 $142,825.05
136 $142,825.05 $707.91 $0.00 $807.55 $144,340.51
137 $144,340.51 $707.91 $0.00 $816.12 $145,864.54
138 $145,864.54 $707.91 $0.00 $824.74 $147,397.19
139 $147,397.19 $707.91 $0.00 $833.41 $148,938.51
140 $148,938.51 $707.91 $0.00 $842.12 $150,488.54
141 $150,488.54 $707.91 $0.00 $850.88 $152,047.33
142 $152,047.33 $707.91 $0.00 $859.70 $153,614.94
143 $153,614.94 $707.91 $0.00 $868.56 $155,191.41
144 $155,191.41 $707.91 $0.00 $877.47 $156,776.79
145 $156,776.79 $707.91 $0.00 $886.44 $158,371.14
146 $158,371.14 $707.91 $0.00 $895.45 $159,974.50
147 $159,974.50 $707.91 $0.00 $904.52 $161,586.93
148 $161,586.93 $707.91 $0.00 $913.64 $163,208.48
149 $163,208.48 $707.91 $0.00 $922.80 $164,839.19
150 $164,839.19 $707.91 $0.00 $932.02 $166,479.12
151 $166,479.12 $707.91 $0.00 $941.30 $168,128.33
152 $168,128.33 $707.91 $0.00 $950.62 $169,786.86
153 $169,786.86 $707.91 $0.00 $960.00 $171,454.77
154 $171,454.77 $707.91 $0.00 $969.43 $173,132.11
155 $173,132.11 $707.91 $0.00 $978.91 $174,818.93
156 $174,818.93 $707.91 $0.00 $988.45 $176,515.29
157 $176,515.29 $707.91 $0.00 $998.04 $178,221.24
158 $178,221.24 $707.91 $0.00 $1,007.69 $179,936.84
159 $179,936.84 $707.91 $0.00 $1,017.39 $181,662.14
160 $181,662.14 $707.91 $0.00 $1,027.14 $183,397.19
161 $183,397.19 $707.91 $0.00 $1,036.95 $185,142.05
162 $185,142.05 $707.91 $0.00 $1,046.82 $186,896.78
163 $186,896.78 $707.91 $0.00 $1,056.74 $188,661.43
164 $188,661.43 $707.91 $0.00 $1,066.72 $190,436.06
165 $190,436.06 $707.91 $0.00 $1,076.75 $192,220.72
166 $192,220.72 $707.91 $0.00 $1,086.84 $194,015.47
167 $194,015.47 $707.91 $0.00 $1,096.99 $195,820.37
168 $195,820.37 $707.91 $0.00 $1,107.20 $197,635.48
169 $197,635.48 $707.91 $0.00 $1,117.46 $199,460.85
170 $199,460.85 $707.91 $0.00 $1,127.78 $201,296.54
171 $201,296.54 $707.91 $0.00 $1,138.16 $203,142.61
172 $203,142.61 $707.91 $0.00 $1,148.60 $204,999.12
173 $204,999.12 $707.91 $0.00 $1,159.09 $206,866.12
174 $206,866.12 $707.91 $0.00 $1,169.65 $208,743.68
175 $208,743.68 $707.91 $0.00 $1,180.27 $210,631.86
176 $210,631.86 $707.91 $0.00 $1,190.94 $212,530.71
177 $212,530.71 $707.91 $0.00 $1,201.68 $214,440.30
178 $214,440.30 $707.91 $0.00 $1,212.48 $216,360.69
179 $216,360.69 $707.91 $0.00 $1,223.33 $218,291.93
180 $218,291.93 $707.91 $0.00 $1,234.25 $220,234.09
181 $220,234.09 $707.91 $0.00 $1,245.24 $222,187.24
182 $222,187.24 $707.91 $0.00 $1,256.28 $224,151.43
183 $224,151.43 $707.91 $0.00 $1,267.38 $226,126.72
184 $226,126.72 $707.91 $0.00 $1,278.55 $228,113.18
185 $228,113.18 $707.91 $0.00 $1,289.79 $230,110.88
186 $230,110.88 $707.91 $0.00 $1,301.08 $232,119.87
187 $232,119.87 $707.91 $0.00 $1,312.44 $234,140.22
188 $234,140.22 $707.91 $0.00 $1,323.86 $236,171.99
189 $236,171.99 $707.91 $0.00 $1,335.35 $238,215.25
190 $238,215.25 $707.91 $0.00 $1,346.90 $240,270.06
191 $240,270.06 $707.91 $0.00 $1,358.52 $242,336.49
192 $242,336.49 $707.91 $0.00 $1,370.21 $244,414.61
193 $244,414.61 $707.91 $0.00 $1,381.96 $246,504.48
194 $246,504.48 $707.91 $0.00 $1,393.77 $248,606.16
195 $248,606.16 $707.91 $0.00 $1,405.66 $250,719.73
196 $250,719.73 $707.91 $0.00 $1,417.61 $252,845.25
197 $252,845.25 $707.91 $0.00 $1,429.62 $254,982.78
198 $254,982.78 $707.91 $0.00 $1,441.71 $257,132.40
199 $257,132.40 $707.91 $0.00 $1,453.86 $259,294.17
200 $259,294.17 $707.91 $0.00 $1,466.09 $261,468.17
201 $261,468.17 $707.91 $0.00 $1,478.38 $263,654.46
202 $263,654.46 $707.91 $0.00 $1,490.74 $265,853.11
203 $265,853.11 $707.91 $0.00 $1,503.17 $268,064.19
204 $268,064.19 $707.91 $0.00 $1,515.67 $270,287.77
205 $270,287.77 $707.91 $0.00 $1,528.25 $272,523.93
206 $272,523.93 $707.91 $0.00 $1,540.89 $274,772.73
207 $274,772.73 $707.91 $0.00 $1,553.60 $277,034.24
208 $277,034.24 $707.91 $0.00 $1,566.39 $279,308.54
209 $279,308.54 $707.91 $0.00 $1,579.25 $281,595.70
210 $281,595.70 $707.91 $0.00 $1,592.18 $283,895.79
211 $283,895.79 $707.91 $0.00 $1,605.19 $286,208.89
212 $286,208.89 $707.91 $0.00 $1,618.27 $288,535.07
213 $288,535.07 $707.91 $0.00 $1,631.42 $290,874.40
214 $290,874.40 $707.91 $0.00 $1,644.65 $293,226.96
215 $293,226.96 $707.91 $0.00 $1,657.95 $295,592.82
216 $295,592.82 $707.91 $0.00 $1,671.32 $297,972.05
217 $297,972.05 $707.91 $82,994.67 $1,684.78 $217,370.07
218 $217,370.07 $707.91 $0.00 $1,229.04 $219,307.02
219 $219,307.02 $707.91 $0.00 $1,239.99 $221,254.92
220 $221,254.92 $707.91 $0.00 $1,251.01 $223,213.84
221 $223,213.84 $707.91 $0.00 $1,262.08 $225,183.83
222 $225,183.83 $707.91 $0.00 $1,273.22 $227,164.96
223 $227,164.96 $707.91 $0.00 $1,284.42 $229,157.29
224 $229,157.29 $707.91 $0.00 $1,295.69 $231,160.89
225 $231,160.89 $707.91 $0.00 $1,307.02 $233,175.82
226 $233,175.82 $707.91 $0.00 $1,318.41 $235,202.14
227 $235,202.14 $707.91 $0.00 $1,329.87 $237,239.92
228 $237,239.92 $707.91 $0.00 $1,341.39 $239,289.22
229 $239,289.22 $707.91 $87,144.40 $1,352.98 $154,205.71
230 $154,205.71 $707.91 $0.00 $871.90 $155,785.52
231 $155,785.52 $707.91 $0.00 $880.83 $157,374.26
232 $157,374.26 $707.91 $0.00 $889.82 $158,971.99
233 $158,971.99 $707.91 $0.00 $898.85 $160,578.75
234 $160,578.75 $707.91 $0.00 $907.94 $162,194.60
235 $162,194.60 $707.91 $0.00 $917.07 $163,819.58
236 $163,819.58 $707.91 $0.00 $926.26 $165,453.75
237 $165,453.75 $707.91 $0.00 $935.50 $167,097.16
238 $167,097.16 $707.91 $0.00 $944.79 $168,749.86
239 $168,749.86 $707.91 $0.00 $954.14 $170,411.91
240 $170,411.91 $707.91 $0.00 $963.53 $172,083.35
241 $172,083.35 $707.91 $91,501.62 $972.98 $82,262.62
242 $82,262.62 $707.91 $0.00 $465.12 $83,435.65
243 $83,435.65 $707.91 $0.00 $471.76 $84,615.32
244 $84,615.32 $707.91 $0.00 $478.43 $85,801.66
245 $85,801.66 $707.91 $0.00 $485.14 $86,994.71
246 $86,994.71 $707.91 $0.00 $491.88 $88,194.50
247 $88,194.50 $707.91 $0.00 $498.66 $89,401.07
248 $89,401.07 $707.91 $0.00 $505.49 $90,614.47
249 $90,614.47 $707.91 $0.00 $512.35 $91,834.73
250 $91,834.73 $707.91 $0.00 $519.25 $93,061.89
251 $93,061.89 $707.91 $0.00 $526.19 $94,295.99
252 $94,295.99 $707.91 $0.00 $533.16 $95,537.06
253 $95,537.06 $0.00 $96,076.71 $540.18 $0.53