Savings Plan and Future Cost Estimation for Connecticut College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$206,354
Monthly savings required$1,633

How much will it cost to send your child to Connecticut College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $825,417.93 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,633.47 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$79,575.00
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 $1,633.47 $0.00 $0.00 $1,633.47
2 $1,633.47 $1,633.47 $0.00 $9.24 $3,276.18
3 $3,276.18 $1,633.47 $0.00 $18.52 $4,928.17
4 $4,928.17 $1,633.47 $0.00 $27.86 $6,589.50
5 $6,589.50 $1,633.47 $0.00 $37.26 $8,260.23
6 $8,260.23 $1,633.47 $0.00 $46.70 $9,940.40
7 $9,940.40 $1,633.47 $0.00 $56.20 $11,630.07
8 $11,630.07 $1,633.47 $0.00 $65.76 $13,329.30
9 $13,329.30 $1,633.47 $0.00 $75.37 $15,038.14
10 $15,038.14 $1,633.47 $0.00 $85.03 $16,756.64
11 $16,756.64 $1,633.47 $0.00 $94.74 $18,484.85
12 $18,484.85 $1,633.47 $0.00 $104.52 $20,222.84
13 $20,222.84 $1,633.47 $0.00 $114.34 $21,970.65
14 $21,970.65 $1,633.47 $0.00 $124.23 $23,728.35
15 $23,728.35 $1,633.47 $0.00 $134.16 $25,495.98
16 $25,495.98 $1,633.47 $0.00 $144.16 $27,273.61
17 $27,273.61 $1,633.47 $0.00 $154.21 $29,061.29
18 $29,061.29 $1,633.47 $0.00 $164.32 $30,859.08
19 $30,859.08 $1,633.47 $0.00 $174.48 $32,667.03
20 $32,667.03 $1,633.47 $0.00 $184.70 $34,485.20
21 $34,485.20 $1,633.47 $0.00 $194.98 $36,313.65
22 $36,313.65 $1,633.47 $0.00 $205.32 $38,152.44
23 $38,152.44 $1,633.47 $0.00 $215.72 $40,001.63
24 $40,001.63 $1,633.47 $0.00 $226.18 $41,861.28
25 $41,861.28 $1,633.47 $0.00 $236.69 $43,731.44
26 $43,731.44 $1,633.47 $0.00 $247.26 $45,612.17
27 $45,612.17 $1,633.47 $0.00 $257.90 $47,503.54
28 $47,503.54 $1,633.47 $0.00 $268.59 $49,405.60
29 $49,405.60 $1,633.47 $0.00 $279.35 $51,318.42
30 $51,318.42 $1,633.47 $0.00 $290.16 $53,242.05
31 $53,242.05 $1,633.47 $0.00 $301.04 $55,176.56
32 $55,176.56 $1,633.47 $0.00 $311.98 $57,122.01
33 $57,122.01 $1,633.47 $0.00 $322.98 $59,078.46
34 $59,078.46 $1,633.47 $0.00 $334.04 $61,045.97
35 $61,045.97 $1,633.47 $0.00 $345.16 $63,024.60
36 $63,024.60 $1,633.47 $0.00 $356.35 $65,014.42
37 $65,014.42 $1,633.47 $0.00 $367.60 $67,015.49
38 $67,015.49 $1,633.47 $0.00 $378.92 $69,027.88
39 $69,027.88 $1,633.47 $0.00 $390.29 $71,051.64
40 $71,051.64 $1,633.47 $0.00 $401.74 $73,086.85
41 $73,086.85 $1,633.47 $0.00 $413.24 $75,133.56
42 $75,133.56 $1,633.47 $0.00 $424.82 $77,191.85
43 $77,191.85 $1,633.47 $0.00 $436.45 $79,261.77
44 $79,261.77 $1,633.47 $0.00 $448.16 $81,343.40
45 $81,343.40 $1,633.47 $0.00 $459.93 $83,436.80
46 $83,436.80 $1,633.47 $0.00 $471.76 $85,542.03
47 $85,542.03 $1,633.47 $0.00 $483.67 $87,659.17
48 $87,659.17 $1,633.47 $0.00 $495.64 $89,788.28
49 $89,788.28 $1,633.47 $0.00 $507.68 $91,929.43
50 $91,929.43 $1,633.47 $0.00 $519.78 $94,082.68
51 $94,082.68 $1,633.47 $0.00 $531.96 $96,248.11
52 $96,248.11 $1,633.47 $0.00 $544.20 $98,425.78
53 $98,425.78 $1,633.47 $0.00 $556.51 $100,615.76
54 $100,615.76 $1,633.47 $0.00 $568.90 $102,818.13
55 $102,818.13 $1,633.47 $0.00 $581.35 $105,032.95
56 $105,032.95 $1,633.47 $0.00 $593.87 $107,260.29
57 $107,260.29 $1,633.47 $0.00 $606.47 $109,500.23
58 $109,500.23 $1,633.47 $0.00 $619.13 $111,752.83
59 $111,752.83 $1,633.47 $0.00 $631.87 $114,018.17
60 $114,018.17 $1,633.47 $0.00 $644.68 $116,296.32
61 $116,296.32 $1,633.47 $0.00 $657.56 $118,587.35
62 $118,587.35 $1,633.47 $0.00 $670.51 $120,891.33
63 $120,891.33 $1,633.47 $0.00 $683.54 $123,208.34
64 $123,208.34 $1,633.47 $0.00 $696.64 $125,538.45
65 $125,538.45 $1,633.47 $0.00 $709.81 $127,881.73
66 $127,881.73 $1,633.47 $0.00 $723.06 $130,238.26
67 $130,238.26 $1,633.47 $0.00 $736.39 $132,608.12
68 $132,608.12 $1,633.47 $0.00 $749.79 $134,991.38
69 $134,991.38 $1,633.47 $0.00 $763.26 $137,388.11
70 $137,388.11 $1,633.47 $0.00 $776.81 $139,798.39
71 $139,798.39 $1,633.47 $0.00 $790.44 $142,222.30
72 $142,222.30 $1,633.47 $0.00 $804.15 $144,659.92
73 $144,659.92 $1,633.47 $0.00 $817.93 $147,111.32
74 $147,111.32 $1,633.47 $0.00 $831.79 $149,576.58
75 $149,576.58 $1,633.47 $0.00 $845.73 $152,055.78
76 $152,055.78 $1,633.47 $0.00 $859.75 $154,549.00
77 $154,549.00 $1,633.47 $0.00 $873.84 $157,056.31
78 $157,056.31 $1,633.47 $0.00 $888.02 $159,577.80
79 $159,577.80 $1,633.47 $0.00 $902.28 $162,113.55
80 $162,113.55 $1,633.47 $0.00 $916.61 $164,663.63
81 $164,663.63 $1,633.47 $0.00 $931.03 $167,228.13
82 $167,228.13 $1,633.47 $0.00 $945.53 $169,807.13
83 $169,807.13 $1,633.47 $0.00 $960.11 $172,400.71
84 $172,400.71 $1,633.47 $0.00 $974.78 $175,008.96
85 $175,008.96 $1,633.47 $0.00 $989.53 $177,631.96
86 $177,631.96 $1,633.47 $0.00 $1,004.36 $180,269.79
87 $180,269.79 $1,633.47 $0.00 $1,019.27 $182,922.53
88 $182,922.53 $1,633.47 $0.00 $1,034.27 $185,590.27
89 $185,590.27 $1,633.47 $0.00 $1,049.35 $188,273.09
90 $188,273.09 $1,633.47 $0.00 $1,064.52 $190,971.08
91 $190,971.08 $1,633.47 $0.00 $1,079.78 $193,684.33
92 $193,684.33 $1,633.47 $0.00 $1,095.12 $196,412.92
93 $196,412.92 $1,633.47 $0.00 $1,110.55 $199,156.94
94 $199,156.94 $1,633.47 $0.00 $1,126.06 $201,916.47
95 $201,916.47 $1,633.47 $0.00 $1,141.67 $204,691.61
96 $204,691.61 $1,633.47 $0.00 $1,157.36 $207,482.44
97 $207,482.44 $1,633.47 $0.00 $1,173.14 $210,289.05
98 $210,289.05 $1,633.47 $0.00 $1,189.00 $213,111.52
99 $213,111.52 $1,633.47 $0.00 $1,204.96 $215,949.95
100 $215,949.95 $1,633.47 $0.00 $1,221.01 $218,804.43
101 $218,804.43 $1,633.47 $0.00 $1,237.15 $221,675.05
102 $221,675.05 $1,633.47 $0.00 $1,253.38 $224,561.90
103 $224,561.90 $1,633.47 $0.00 $1,269.71 $227,465.08
104 $227,465.08 $1,633.47 $0.00 $1,286.12 $230,384.67
105 $230,384.67 $1,633.47 $0.00 $1,302.63 $233,320.77
106 $233,320.77 $1,633.47 $0.00 $1,319.23 $236,273.47
107 $236,273.47 $1,633.47 $0.00 $1,335.92 $239,242.86
108 $239,242.86 $1,633.47 $0.00 $1,352.71 $242,229.04
109 $242,229.04 $1,633.47 $0.00 $1,369.60 $245,232.11
110 $245,232.11 $1,633.47 $0.00 $1,386.58 $248,252.16
111 $248,252.16 $1,633.47 $0.00 $1,403.65 $251,289.28
112 $251,289.28 $1,633.47 $0.00 $1,420.83 $254,343.58
113 $254,343.58 $1,633.47 $0.00 $1,438.10 $257,415.15
114 $257,415.15 $1,633.47 $0.00 $1,455.46 $260,504.08
115 $260,504.08 $1,633.47 $0.00 $1,472.93 $263,610.48
116 $263,610.48 $1,633.47 $0.00 $1,490.49 $266,734.44
117 $266,734.44 $1,633.47 $0.00 $1,508.16 $269,876.07
118 $269,876.07 $1,633.47 $0.00 $1,525.92 $273,035.46
119 $273,035.46 $1,633.47 $0.00 $1,543.78 $276,212.71
120 $276,212.71 $1,633.47 $0.00 $1,561.75 $279,407.93
121 $279,407.93 $1,633.47 $0.00 $1,579.81 $282,621.21
122 $282,621.21 $1,633.47 $0.00 $1,597.98 $285,852.66
123 $285,852.66 $1,633.47 $0.00 $1,616.25 $289,102.38
124 $289,102.38 $1,633.47 $0.00 $1,634.63 $292,370.48
125 $292,370.48 $1,633.47 $0.00 $1,653.11 $295,657.06
126 $295,657.06 $1,633.47 $0.00 $1,671.69 $298,962.22
127 $298,962.22 $1,633.47 $0.00 $1,690.38 $302,286.07
128 $302,286.07 $1,633.47 $0.00 $1,709.17 $305,628.71
129 $305,628.71 $1,633.47 $0.00 $1,728.07 $308,990.25
130 $308,990.25 $1,633.47 $0.00 $1,747.08 $312,370.80
131 $312,370.80 $1,633.47 $0.00 $1,766.19 $315,770.46
132 $315,770.46 $1,633.47 $0.00 $1,785.41 $319,189.34
133 $319,189.34 $1,633.47 $0.00 $1,804.74 $322,627.55
134 $322,627.55 $1,633.47 $0.00 $1,824.18 $326,085.20
135 $326,085.20 $1,633.47 $0.00 $1,843.73 $329,562.40
136 $329,562.40 $1,633.47 $0.00 $1,863.39 $333,059.26
137 $333,059.26 $1,633.47 $0.00 $1,883.17 $336,575.90
138 $336,575.90 $1,633.47 $0.00 $1,903.05 $340,112.42
139 $340,112.42 $1,633.47 $0.00 $1,923.05 $343,668.94
140 $343,668.94 $1,633.47 $0.00 $1,943.15 $347,245.56
141 $347,245.56 $1,633.47 $0.00 $1,963.38 $350,842.41
142 $350,842.41 $1,633.47 $0.00 $1,983.71 $354,459.59
143 $354,459.59 $1,633.47 $0.00 $2,004.17 $358,097.23
144 $358,097.23 $1,633.47 $0.00 $2,024.73 $361,755.43
145 $361,755.43 $1,633.47 $0.00 $2,045.42 $365,434.32
146 $365,434.32 $1,633.47 $0.00 $2,066.22 $369,134.01
147 $369,134.01 $1,633.47 $0.00 $2,087.14 $372,854.62
148 $372,854.62 $1,633.47 $0.00 $2,108.17 $376,596.26
149 $376,596.26 $1,633.47 $0.00 $2,129.33 $380,359.06
150 $380,359.06 $1,633.47 $0.00 $2,150.61 $384,143.14
151 $384,143.14 $1,633.47 $0.00 $2,172.00 $387,948.61
152 $387,948.61 $1,633.47 $0.00 $2,193.52 $391,775.60
153 $391,775.60 $1,633.47 $0.00 $2,215.16 $395,624.23
154 $395,624.23 $1,633.47 $0.00 $2,236.92 $399,494.62
155 $399,494.62 $1,633.47 $0.00 $2,258.80 $403,386.89
156 $403,386.89 $1,633.47 $0.00 $2,280.81 $407,301.17
157 $407,301.17 $1,633.47 $0.00 $2,302.94 $411,237.58
158 $411,237.58 $1,633.47 $0.00 $2,325.20 $415,196.25
159 $415,196.25 $1,633.47 $0.00 $2,347.58 $419,177.30
160 $419,177.30 $1,633.47 $0.00 $2,370.09 $423,180.86
161 $423,180.86 $1,633.47 $0.00 $2,392.73 $427,207.06
162 $427,207.06 $1,633.47 $0.00 $2,415.49 $431,256.02
163 $431,256.02 $1,633.47 $0.00 $2,438.38 $435,327.87
164 $435,327.87 $1,633.47 $0.00 $2,461.41 $439,422.75
165 $439,422.75 $1,633.47 $0.00 $2,484.56 $443,540.78
166 $443,540.78 $1,633.47 $0.00 $2,507.84 $447,682.09
167 $447,682.09 $1,633.47 $0.00 $2,531.26 $451,846.82
168 $451,846.82 $1,633.47 $0.00 $2,554.81 $456,035.10
169 $456,035.10 $1,633.47 $0.00 $2,578.49 $460,247.06
170 $460,247.06 $1,633.47 $0.00 $2,602.30 $464,482.83
171 $464,482.83 $1,633.47 $0.00 $2,626.25 $468,742.55
172 $468,742.55 $1,633.47 $0.00 $2,650.34 $473,026.36
173 $473,026.36 $1,633.47 $0.00 $2,674.56 $477,334.39
174 $477,334.39 $1,633.47 $0.00 $2,698.92 $481,666.78
175 $481,666.78 $1,633.47 $0.00 $2,723.41 $486,023.66
176 $486,023.66 $1,633.47 $0.00 $2,748.05 $490,405.18
177 $490,405.18 $1,633.47 $0.00 $2,772.82 $494,811.47
178 $494,811.47 $1,633.47 $0.00 $2,797.74 $499,242.68
179 $499,242.68 $1,633.47 $0.00 $2,822.79 $503,698.94
180 $503,698.94 $1,633.47 $0.00 $2,847.99 $508,180.40
181 $508,180.40 $1,633.47 $0.00 $2,873.33 $512,687.20
182 $512,687.20 $1,633.47 $0.00 $2,898.81 $517,219.48
183 $517,219.48 $1,633.47 $0.00 $2,924.43 $521,777.38
184 $521,777.38 $1,633.47 $0.00 $2,950.21 $526,361.06
185 $526,361.06 $1,633.47 $0.00 $2,976.12 $530,970.65
186 $530,970.65 $1,633.47 $0.00 $3,002.19 $535,606.31
187 $535,606.31 $1,633.47 $0.00 $3,028.40 $540,268.18
188 $540,268.18 $1,633.47 $0.00 $3,054.75 $544,956.40
189 $544,956.40 $1,633.47 $0.00 $3,081.26 $549,671.13
190 $549,671.13 $1,633.47 $0.00 $3,107.92 $554,412.52
191 $554,412.52 $1,633.47 $0.00 $3,134.73 $559,180.72
192 $559,180.72 $1,633.47 $0.00 $3,161.69 $563,975.88
193 $563,975.88 $1,633.47 $0.00 $3,188.80 $568,798.15
194 $568,798.15 $1,633.47 $0.00 $3,216.07 $573,647.69
195 $573,647.69 $1,633.47 $0.00 $3,243.49 $578,524.65
196 $578,524.65 $1,633.47 $0.00 $3,271.06 $583,429.18
197 $583,429.18 $1,633.47 $0.00 $3,298.79 $588,361.44
198 $588,361.44 $1,633.47 $0.00 $3,326.68 $593,321.59
199 $593,321.59 $1,633.47 $0.00 $3,354.73 $598,309.79
200 $598,309.79 $1,633.47 $0.00 $3,382.93 $603,326.19
201 $603,326.19 $1,633.47 $0.00 $3,411.29 $608,370.95
202 $608,370.95 $1,633.47 $0.00 $3,439.82 $613,444.24
203 $613,444.24 $1,633.47 $0.00 $3,468.50 $618,546.21
204 $618,546.21 $1,633.47 $0.00 $3,497.35 $623,677.03
205 $623,677.03 $1,633.47 $0.00 $3,526.36 $628,836.86
206 $628,836.86 $1,633.47 $0.00 $3,555.54 $634,025.87
207 $634,025.87 $1,633.47 $0.00 $3,584.87 $639,244.21
208 $639,244.21 $1,633.47 $0.00 $3,614.38 $644,492.06
209 $644,492.06 $1,633.47 $0.00 $3,644.05 $649,769.58
210 $649,769.58 $1,633.47 $0.00 $3,673.89 $655,076.94
211 $655,076.94 $1,633.47 $0.00 $3,703.90 $660,414.31
212 $660,414.31 $1,633.47 $0.00 $3,734.08 $665,781.86
213 $665,781.86 $1,633.47 $0.00 $3,764.43 $671,179.76
214 $671,179.76 $1,633.47 $0.00 $3,794.95 $676,608.18
215 $676,608.18 $1,633.47 $0.00 $3,825.64 $682,067.29
216 $682,067.29 $1,633.47 $0.00 $3,856.51 $687,557.27
217 $687,557.27 $1,633.47 $191,506.73 $3,887.55 $501,571.56
218 $501,571.56 $1,633.47 $0.00 $2,835.96 $506,040.99
219 $506,040.99 $1,633.47 $0.00 $2,861.23 $510,535.69
220 $510,535.69 $1,633.47 $0.00 $2,886.64 $515,055.80
221 $515,055.80 $1,633.47 $0.00 $2,912.20 $519,601.47
222 $519,601.47 $1,633.47 $0.00 $2,937.90 $524,172.84
223 $524,172.84 $1,633.47 $0.00 $2,963.75 $528,770.06
224 $528,770.06 $1,633.47 $0.00 $2,989.74 $533,393.27
225 $533,393.27 $1,633.47 $0.00 $3,015.88 $538,042.62
226 $538,042.62 $1,633.47 $0.00 $3,042.17 $542,718.26
227 $542,718.26 $1,633.47 $0.00 $3,068.61 $547,420.34
228 $547,420.34 $1,633.47 $0.00 $3,095.19 $552,149.00
229 $552,149.00 $1,633.47 $201,082.06 $3,121.93 $355,822.34
230 $355,822.34 $1,633.47 $0.00 $2,011.87 $359,467.68
231 $359,467.68 $1,633.47 $0.00 $2,032.48 $363,133.63
232 $363,133.63 $1,633.47 $0.00 $2,053.21 $366,820.31
233 $366,820.31 $1,633.47 $0.00 $2,074.06 $370,527.84
234 $370,527.84 $1,633.47 $0.00 $2,095.02 $374,256.33
235 $374,256.33 $1,633.47 $0.00 $2,116.10 $378,005.90
236 $378,005.90 $1,633.47 $0.00 $2,137.30 $381,776.67
237 $381,776.67 $1,633.47 $0.00 $2,158.62 $385,568.76
238 $385,568.76 $1,633.47 $0.00 $2,180.06 $389,382.29
239 $389,382.29 $1,633.47 $0.00 $2,201.62 $393,217.38
240 $393,217.38 $1,633.47 $0.00 $2,223.31 $397,074.16
241 $397,074.16 $1,633.47 $211,136.16 $2,245.12 $189,816.59
242 $189,816.59 $1,633.47 $0.00 $1,073.25 $192,523.31
243 $192,523.31 $1,633.47 $0.00 $1,088.55 $195,245.33
244 $195,245.33 $1,633.47 $0.00 $1,103.95 $197,982.75
245 $197,982.75 $1,633.47 $0.00 $1,119.42 $200,735.64
246 $200,735.64 $1,633.47 $0.00 $1,134.99 $203,504.10
247 $203,504.10 $1,633.47 $0.00 $1,150.64 $206,288.21
248 $206,288.21 $1,633.47 $0.00 $1,166.38 $209,088.06
249 $209,088.06 $1,633.47 $0.00 $1,182.21 $211,903.74
250 $211,903.74 $1,633.47 $0.00 $1,198.13 $214,735.34
251 $214,735.34 $1,633.47 $0.00 $1,214.14 $217,582.95
252 $217,582.95 $1,633.47 $0.00 $1,230.25 $220,446.67
253 $220,446.67 $0.00 $221,692.97 $1,246.44 $0.14