Savings Plan and Future Cost Estimation for Fairfield University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$186,348
Monthly savings required$1,475

How much will it cost to send your child to Fairfield University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $745,391.54 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,475.10 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$71,860.00
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 $1,475.10 $0.00 $0.00 $1,475.10
2 $1,475.10 $1,475.10 $0.00 $8.34 $2,958.54
3 $2,958.54 $1,475.10 $0.00 $16.73 $4,450.37
4 $4,450.37 $1,475.10 $0.00 $25.16 $5,950.63
5 $5,950.63 $1,475.10 $0.00 $33.65 $7,459.38
6 $7,459.38 $1,475.10 $0.00 $42.18 $8,976.66
7 $8,976.66 $1,475.10 $0.00 $50.76 $10,502.52
8 $10,502.52 $1,475.10 $0.00 $59.38 $12,037.00
9 $12,037.00 $1,475.10 $0.00 $68.06 $13,580.16
10 $13,580.16 $1,475.10 $0.00 $76.78 $15,132.04
11 $15,132.04 $1,475.10 $0.00 $85.56 $16,692.70
12 $16,692.70 $1,475.10 $0.00 $94.38 $18,262.18
13 $18,262.18 $1,475.10 $0.00 $103.26 $19,840.54
14 $19,840.54 $1,475.10 $0.00 $112.18 $21,427.82
15 $21,427.82 $1,475.10 $0.00 $121.16 $23,024.08
16 $23,024.08 $1,475.10 $0.00 $130.18 $24,629.36
17 $24,629.36 $1,475.10 $0.00 $139.26 $26,243.72
18 $26,243.72 $1,475.10 $0.00 $148.39 $27,867.21
19 $27,867.21 $1,475.10 $0.00 $157.57 $29,499.88
20 $29,499.88 $1,475.10 $0.00 $166.80 $31,141.78
21 $31,141.78 $1,475.10 $0.00 $176.08 $32,792.96
22 $32,792.96 $1,475.10 $0.00 $185.42 $34,453.48
23 $34,453.48 $1,475.10 $0.00 $194.80 $36,123.38
24 $36,123.38 $1,475.10 $0.00 $204.25 $37,802.73
25 $37,802.73 $1,475.10 $0.00 $213.74 $39,491.57
26 $39,491.57 $1,475.10 $0.00 $223.29 $41,189.96
27 $41,189.96 $1,475.10 $0.00 $232.89 $42,897.95
28 $42,897.95 $1,475.10 $0.00 $242.55 $44,615.60
29 $44,615.60 $1,475.10 $0.00 $252.26 $46,342.96
30 $46,342.96 $1,475.10 $0.00 $262.03 $48,080.09
31 $48,080.09 $1,475.10 $0.00 $271.85 $49,827.04
32 $49,827.04 $1,475.10 $0.00 $281.73 $51,583.87
33 $51,583.87 $1,475.10 $0.00 $291.66 $53,350.63
34 $53,350.63 $1,475.10 $0.00 $301.65 $55,127.38
35 $55,127.38 $1,475.10 $0.00 $311.70 $56,914.18
36 $56,914.18 $1,475.10 $0.00 $321.80 $58,711.08
37 $58,711.08 $1,475.10 $0.00 $331.96 $60,518.14
38 $60,518.14 $1,475.10 $0.00 $342.18 $62,335.42
39 $62,335.42 $1,475.10 $0.00 $352.45 $64,162.97
40 $64,162.97 $1,475.10 $0.00 $362.79 $66,000.86
41 $66,000.86 $1,475.10 $0.00 $373.18 $67,849.14
42 $67,849.14 $1,475.10 $0.00 $383.63 $69,707.87
43 $69,707.87 $1,475.10 $0.00 $394.14 $71,577.11
44 $71,577.11 $1,475.10 $0.00 $404.71 $73,456.92
45 $73,456.92 $1,475.10 $0.00 $415.34 $75,347.36
46 $75,347.36 $1,475.10 $0.00 $426.02 $77,248.48
47 $77,248.48 $1,475.10 $0.00 $436.77 $79,160.35
48 $79,160.35 $1,475.10 $0.00 $447.58 $81,083.03
49 $81,083.03 $1,475.10 $0.00 $458.46 $83,016.59
50 $83,016.59 $1,475.10 $0.00 $469.39 $84,961.08
51 $84,961.08 $1,475.10 $0.00 $480.38 $86,916.56
52 $86,916.56 $1,475.10 $0.00 $491.44 $88,883.10
53 $88,883.10 $1,475.10 $0.00 $502.56 $90,860.76
54 $90,860.76 $1,475.10 $0.00 $513.74 $92,849.60
55 $92,849.60 $1,475.10 $0.00 $524.99 $94,849.69
56 $94,849.69 $1,475.10 $0.00 $536.29 $96,861.08
57 $96,861.08 $1,475.10 $0.00 $547.67 $98,883.85
58 $98,883.85 $1,475.10 $0.00 $559.10 $100,918.05
59 $100,918.05 $1,475.10 $0.00 $570.61 $102,963.76
60 $102,963.76 $1,475.10 $0.00 $582.17 $105,021.03
61 $105,021.03 $1,475.10 $0.00 $593.80 $107,089.93
62 $107,089.93 $1,475.10 $0.00 $605.50 $109,170.53
63 $109,170.53 $1,475.10 $0.00 $617.27 $111,262.90
64 $111,262.90 $1,475.10 $0.00 $629.10 $113,367.10
65 $113,367.10 $1,475.10 $0.00 $640.99 $115,483.19
66 $115,483.19 $1,475.10 $0.00 $652.96 $117,611.25
67 $117,611.25 $1,475.10 $0.00 $664.99 $119,751.34
68 $119,751.34 $1,475.10 $0.00 $677.09 $121,903.53
69 $121,903.53 $1,475.10 $0.00 $689.26 $124,067.89
70 $124,067.89 $1,475.10 $0.00 $701.50 $126,244.49
71 $126,244.49 $1,475.10 $0.00 $713.80 $128,433.39
72 $128,433.39 $1,475.10 $0.00 $726.18 $130,634.67
73 $130,634.67 $1,475.10 $0.00 $738.63 $132,848.40
74 $132,848.40 $1,475.10 $0.00 $751.14 $135,074.64
75 $135,074.64 $1,475.10 $0.00 $763.73 $137,313.47
76 $137,313.47 $1,475.10 $0.00 $776.39 $139,564.96
77 $139,564.96 $1,475.10 $0.00 $789.12 $141,829.18
78 $141,829.18 $1,475.10 $0.00 $801.92 $144,106.20
79 $144,106.20 $1,475.10 $0.00 $814.80 $146,396.10
80 $146,396.10 $1,475.10 $0.00 $827.74 $148,698.94
81 $148,698.94 $1,475.10 $0.00 $840.77 $151,014.81
82 $151,014.81 $1,475.10 $0.00 $853.86 $153,343.77
83 $153,343.77 $1,475.10 $0.00 $867.03 $155,685.90
84 $155,685.90 $1,475.10 $0.00 $880.27 $158,041.27
85 $158,041.27 $1,475.10 $0.00 $893.59 $160,409.96
86 $160,409.96 $1,475.10 $0.00 $906.98 $162,792.04
87 $162,792.04 $1,475.10 $0.00 $920.45 $165,187.59
88 $165,187.59 $1,475.10 $0.00 $933.99 $167,596.68
89 $167,596.68 $1,475.10 $0.00 $947.62 $170,019.40
90 $170,019.40 $1,475.10 $0.00 $961.31 $172,455.81
91 $172,455.81 $1,475.10 $0.00 $975.09 $174,906.00
92 $174,906.00 $1,475.10 $0.00 $988.94 $177,370.04
93 $177,370.04 $1,475.10 $0.00 $1,002.88 $179,848.02
94 $179,848.02 $1,475.10 $0.00 $1,016.89 $182,340.01
95 $182,340.01 $1,475.10 $0.00 $1,030.98 $184,846.09
96 $184,846.09 $1,475.10 $0.00 $1,045.15 $187,366.34
97 $187,366.34 $1,475.10 $0.00 $1,059.40 $189,900.84
98 $189,900.84 $1,475.10 $0.00 $1,073.73 $192,449.67
99 $192,449.67 $1,475.10 $0.00 $1,088.14 $195,012.91
100 $195,012.91 $1,475.10 $0.00 $1,102.63 $197,590.64
101 $197,590.64 $1,475.10 $0.00 $1,117.21 $200,182.95
102 $200,182.95 $1,475.10 $0.00 $1,131.86 $202,789.91
103 $202,789.91 $1,475.10 $0.00 $1,146.60 $205,411.61
104 $205,411.61 $1,475.10 $0.00 $1,161.43 $208,048.14
105 $208,048.14 $1,475.10 $0.00 $1,176.33 $210,699.57
106 $210,699.57 $1,475.10 $0.00 $1,191.33 $213,366.00
107 $213,366.00 $1,475.10 $0.00 $1,206.40 $216,047.50
108 $216,047.50 $1,475.10 $0.00 $1,221.56 $218,744.16
109 $218,744.16 $1,475.10 $0.00 $1,236.81 $221,456.07
110 $221,456.07 $1,475.10 $0.00 $1,252.14 $224,183.31
111 $224,183.31 $1,475.10 $0.00 $1,267.57 $226,925.98
112 $226,925.98 $1,475.10 $0.00 $1,283.07 $229,684.15
113 $229,684.15 $1,475.10 $0.00 $1,298.67 $232,457.92
114 $232,457.92 $1,475.10 $0.00 $1,314.35 $235,247.37
115 $235,247.37 $1,475.10 $0.00 $1,330.12 $238,052.59
116 $238,052.59 $1,475.10 $0.00 $1,345.98 $240,873.67
117 $240,873.67 $1,475.10 $0.00 $1,361.93 $243,710.70
118 $243,710.70 $1,475.10 $0.00 $1,377.98 $246,563.78
119 $246,563.78 $1,475.10 $0.00 $1,394.11 $249,432.99
120 $249,432.99 $1,475.10 $0.00 $1,410.33 $252,318.42
121 $252,318.42 $1,475.10 $0.00 $1,426.65 $255,220.17
122 $255,220.17 $1,475.10 $0.00 $1,443.05 $258,138.32
123 $258,138.32 $1,475.10 $0.00 $1,459.55 $261,072.97
124 $261,072.97 $1,475.10 $0.00 $1,476.14 $264,024.21
125 $264,024.21 $1,475.10 $0.00 $1,492.83 $266,992.14
126 $266,992.14 $1,475.10 $0.00 $1,509.61 $269,976.85
127 $269,976.85 $1,475.10 $0.00 $1,526.49 $272,978.44
128 $272,978.44 $1,475.10 $0.00 $1,543.46 $275,997.00
129 $275,997.00 $1,475.10 $0.00 $1,560.53 $279,032.63
130 $279,032.63 $1,475.10 $0.00 $1,577.69 $282,085.42
131 $282,085.42 $1,475.10 $0.00 $1,594.95 $285,155.47
132 $285,155.47 $1,475.10 $0.00 $1,612.31 $288,242.88
133 $288,242.88 $1,475.10 $0.00 $1,629.77 $291,347.75
134 $291,347.75 $1,475.10 $0.00 $1,647.32 $294,470.17
135 $294,470.17 $1,475.10 $0.00 $1,664.98 $297,610.25
136 $297,610.25 $1,475.10 $0.00 $1,682.73 $300,768.08
137 $300,768.08 $1,475.10 $0.00 $1,700.59 $303,943.77
138 $303,943.77 $1,475.10 $0.00 $1,718.54 $307,137.41
139 $307,137.41 $1,475.10 $0.00 $1,736.60 $310,349.11
140 $310,349.11 $1,475.10 $0.00 $1,754.76 $313,578.97
141 $313,578.97 $1,475.10 $0.00 $1,773.02 $316,827.09
142 $316,827.09 $1,475.10 $0.00 $1,791.39 $320,093.58
143 $320,093.58 $1,475.10 $0.00 $1,809.86 $323,378.54
144 $323,378.54 $1,475.10 $0.00 $1,828.43 $326,682.07
145 $326,682.07 $1,475.10 $0.00 $1,847.11 $330,004.28
146 $330,004.28 $1,475.10 $0.00 $1,865.89 $333,345.27
147 $333,345.27 $1,475.10 $0.00 $1,884.78 $336,705.15
148 $336,705.15 $1,475.10 $0.00 $1,903.78 $340,084.03
149 $340,084.03 $1,475.10 $0.00 $1,922.88 $343,482.01
150 $343,482.01 $1,475.10 $0.00 $1,942.10 $346,899.21
151 $346,899.21 $1,475.10 $0.00 $1,961.42 $350,335.73
152 $350,335.73 $1,475.10 $0.00 $1,980.85 $353,791.68
153 $353,791.68 $1,475.10 $0.00 $2,000.39 $357,267.17
154 $357,267.17 $1,475.10 $0.00 $2,020.04 $360,762.31
155 $360,762.31 $1,475.10 $0.00 $2,039.80 $364,277.21
156 $364,277.21 $1,475.10 $0.00 $2,059.68 $367,811.99
157 $367,811.99 $1,475.10 $0.00 $2,079.66 $371,366.75
158 $371,366.75 $1,475.10 $0.00 $2,099.76 $374,941.61
159 $374,941.61 $1,475.10 $0.00 $2,119.97 $378,536.68
160 $378,536.68 $1,475.10 $0.00 $2,140.30 $382,152.08
161 $382,152.08 $1,475.10 $0.00 $2,160.74 $385,787.92
162 $385,787.92 $1,475.10 $0.00 $2,181.30 $389,444.32
163 $389,444.32 $1,475.10 $0.00 $2,201.97 $393,121.39
164 $393,121.39 $1,475.10 $0.00 $2,222.77 $396,819.26
165 $396,819.26 $1,475.10 $0.00 $2,243.67 $400,538.03
166 $400,538.03 $1,475.10 $0.00 $2,264.70 $404,277.83
167 $404,277.83 $1,475.10 $0.00 $2,285.85 $408,038.78
168 $408,038.78 $1,475.10 $0.00 $2,307.11 $411,820.99
169 $411,820.99 $1,475.10 $0.00 $2,328.50 $415,624.59
170 $415,624.59 $1,475.10 $0.00 $2,350.00 $419,449.69
171 $419,449.69 $1,475.10 $0.00 $2,371.63 $423,296.42
172 $423,296.42 $1,475.10 $0.00 $2,393.38 $427,164.90
173 $427,164.90 $1,475.10 $0.00 $2,415.25 $431,055.25
174 $431,055.25 $1,475.10 $0.00 $2,437.25 $434,967.60
175 $434,967.60 $1,475.10 $0.00 $2,459.37 $438,902.07
176 $438,902.07 $1,475.10 $0.00 $2,481.62 $442,858.79
177 $442,858.79 $1,475.10 $0.00 $2,503.99 $446,837.88
178 $446,837.88 $1,475.10 $0.00 $2,526.49 $450,839.47
179 $450,839.47 $1,475.10 $0.00 $2,549.11 $454,863.68
180 $454,863.68 $1,475.10 $0.00 $2,571.87 $458,910.65
181 $458,910.65 $1,475.10 $0.00 $2,594.75 $462,980.50
182 $462,980.50 $1,475.10 $0.00 $2,617.76 $467,073.36
183 $467,073.36 $1,475.10 $0.00 $2,640.90 $471,189.36
184 $471,189.36 $1,475.10 $0.00 $2,664.17 $475,328.63
185 $475,328.63 $1,475.10 $0.00 $2,687.58 $479,491.31
186 $479,491.31 $1,475.10 $0.00 $2,711.11 $483,677.52
187 $483,677.52 $1,475.10 $0.00 $2,734.78 $487,887.40
188 $487,887.40 $1,475.10 $0.00 $2,758.59 $492,121.09
189 $492,121.09 $1,475.10 $0.00 $2,782.52 $496,378.71
190 $496,378.71 $1,475.10 $0.00 $2,806.60 $500,660.41
191 $500,660.41 $1,475.10 $0.00 $2,830.81 $504,966.32
192 $504,966.32 $1,475.10 $0.00 $2,855.15 $509,296.57
193 $509,296.57 $1,475.10 $0.00 $2,879.64 $513,651.31
194 $513,651.31 $1,475.10 $0.00 $2,904.26 $518,030.67
195 $518,030.67 $1,475.10 $0.00 $2,929.02 $522,434.79
196 $522,434.79 $1,475.10 $0.00 $2,953.92 $526,863.81
197 $526,863.81 $1,475.10 $0.00 $2,978.96 $531,317.87
198 $531,317.87 $1,475.10 $0.00 $3,004.15 $535,797.12
199 $535,797.12 $1,475.10 $0.00 $3,029.47 $540,301.69
200 $540,301.69 $1,475.10 $0.00 $3,054.94 $544,831.73
201 $544,831.73 $1,475.10 $0.00 $3,080.56 $549,387.39
202 $549,387.39 $1,475.10 $0.00 $3,106.32 $553,968.81
203 $553,968.81 $1,475.10 $0.00 $3,132.22 $558,576.13
204 $558,576.13 $1,475.10 $0.00 $3,158.27 $563,209.50
205 $563,209.50 $1,475.10 $0.00 $3,184.47 $567,869.07
206 $567,869.07 $1,475.10 $0.00 $3,210.81 $572,554.98
207 $572,554.98 $1,475.10 $0.00 $3,237.31 $577,267.39
208 $577,267.39 $1,475.10 $0.00 $3,263.95 $582,006.44
209 $582,006.44 $1,475.10 $0.00 $3,290.75 $586,772.29
210 $586,772.29 $1,475.10 $0.00 $3,317.70 $591,565.09
211 $591,565.09 $1,475.10 $0.00 $3,344.80 $596,384.99
212 $596,384.99 $1,475.10 $0.00 $3,372.05 $601,232.14
213 $601,232.14 $1,475.10 $0.00 $3,399.45 $606,106.69
214 $606,106.69 $1,475.10 $0.00 $3,427.02 $611,008.81
215 $611,008.81 $1,475.10 $0.00 $3,454.73 $615,938.64
216 $615,938.64 $1,475.10 $0.00 $3,482.61 $620,896.35
217 $620,896.35 $1,475.10 $172,939.66 $3,510.64 $452,942.43
218 $452,942.43 $1,475.10 $0.00 $2,561.00 $456,978.53
219 $456,978.53 $1,475.10 $0.00 $2,583.82 $461,037.45
220 $461,037.45 $1,475.10 $0.00 $2,606.77 $465,119.32
221 $465,119.32 $1,475.10 $0.00 $2,629.85 $469,224.27
222 $469,224.27 $1,475.10 $0.00 $2,653.06 $473,352.43
223 $473,352.43 $1,475.10 $0.00 $2,676.40 $477,503.93
224 $477,503.93 $1,475.10 $0.00 $2,699.88 $481,678.91
225 $481,678.91 $1,475.10 $0.00 $2,723.48 $485,877.49
226 $485,877.49 $1,475.10 $0.00 $2,747.22 $490,099.81
227 $490,099.81 $1,475.10 $0.00 $2,771.10 $494,346.01
228 $494,346.01 $1,475.10 $0.00 $2,795.10 $498,616.21
229 $498,616.21 $1,475.10 $181,586.64 $2,819.25 $321,323.92
230 $321,323.92 $1,475.10 $0.00 $1,816.81 $324,615.83
231 $324,615.83 $1,475.10 $0.00 $1,835.43 $327,926.36
232 $327,926.36 $1,475.10 $0.00 $1,854.14 $331,255.60
233 $331,255.60 $1,475.10 $0.00 $1,872.97 $334,603.67
234 $334,603.67 $1,475.10 $0.00 $1,891.90 $337,970.67
235 $337,970.67 $1,475.10 $0.00 $1,910.94 $341,356.71
236 $341,356.71 $1,475.10 $0.00 $1,930.08 $344,761.89
237 $344,761.89 $1,475.10 $0.00 $1,949.33 $348,186.32
238 $348,186.32 $1,475.10 $0.00 $1,968.70 $351,630.12
239 $351,630.12 $1,475.10 $0.00 $1,988.17 $355,093.39
240 $355,093.39 $1,475.10 $0.00 $2,007.75 $358,576.24
241 $358,576.24 $1,475.10 $190,665.97 $2,027.44 $171,412.81
242 $171,412.81 $1,475.10 $0.00 $969.19 $173,857.10
243 $173,857.10 $1,475.10 $0.00 $983.01 $176,315.21
244 $176,315.21 $1,475.10 $0.00 $996.91 $178,787.22
245 $178,787.22 $1,475.10 $0.00 $1,010.89 $181,273.21
246 $181,273.21 $1,475.10 $0.00 $1,024.95 $183,773.26
247 $183,773.26 $1,475.10 $0.00 $1,039.08 $186,287.44
248 $186,287.44 $1,475.10 $0.00 $1,053.30 $188,815.84
249 $188,815.84 $1,475.10 $0.00 $1,067.59 $191,358.53
250 $191,358.53 $1,475.10 $0.00 $1,081.97 $193,915.60
251 $193,915.60 $1,475.10 $0.00 $1,096.43 $196,487.13
252 $196,487.13 $1,475.10 $0.00 $1,110.97 $199,073.20
253 $199,073.20 $0.00 $200,199.27 $1,125.59 ($0.48)