Savings Plan and Future Cost Estimation for Yale University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$205,823
Monthly savings required$1,629

How much will it cost to send your child to Yale University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $823,291.50 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,629.26 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$79,370.00
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 $1,629.26 $0.00 $0.00 $1,629.26
2 $1,629.26 $1,629.26 $0.00 $9.21 $3,267.73
3 $3,267.73 $1,629.26 $0.00 $18.48 $4,915.47
4 $4,915.47 $1,629.26 $0.00 $27.79 $6,572.52
5 $6,572.52 $1,629.26 $0.00 $37.16 $8,238.94
6 $8,238.94 $1,629.26 $0.00 $46.58 $9,914.78
7 $9,914.78 $1,629.26 $0.00 $56.06 $11,600.10
8 $11,600.10 $1,629.26 $0.00 $65.59 $13,294.95
9 $13,294.95 $1,629.26 $0.00 $75.17 $14,999.38
10 $14,999.38 $1,629.26 $0.00 $84.81 $16,713.45
11 $16,713.45 $1,629.26 $0.00 $94.50 $18,437.21
12 $18,437.21 $1,629.26 $0.00 $104.25 $20,170.72
13 $20,170.72 $1,629.26 $0.00 $114.05 $21,914.03
14 $21,914.03 $1,629.26 $0.00 $123.91 $23,667.20
15 $23,667.20 $1,629.26 $0.00 $133.82 $25,430.28
16 $25,430.28 $1,629.26 $0.00 $143.79 $27,203.33
17 $27,203.33 $1,629.26 $0.00 $153.81 $28,986.40
18 $28,986.40 $1,629.26 $0.00 $163.89 $30,779.55
19 $30,779.55 $1,629.26 $0.00 $174.03 $32,582.84
20 $32,582.84 $1,629.26 $0.00 $184.23 $34,396.33
21 $34,396.33 $1,629.26 $0.00 $194.48 $36,220.07
22 $36,220.07 $1,629.26 $0.00 $204.79 $38,054.12
23 $38,054.12 $1,629.26 $0.00 $215.16 $39,898.54
24 $39,898.54 $1,629.26 $0.00 $225.59 $41,753.39
25 $41,753.39 $1,629.26 $0.00 $236.08 $43,618.73
26 $43,618.73 $1,629.26 $0.00 $246.63 $45,494.62
27 $45,494.62 $1,629.26 $0.00 $257.23 $47,381.11
28 $47,381.11 $1,629.26 $0.00 $267.90 $49,278.27
29 $49,278.27 $1,629.26 $0.00 $278.63 $51,186.16
30 $51,186.16 $1,629.26 $0.00 $289.41 $53,104.83
31 $53,104.83 $1,629.26 $0.00 $300.26 $55,034.35
32 $55,034.35 $1,629.26 $0.00 $311.17 $56,974.78
33 $56,974.78 $1,629.26 $0.00 $322.14 $58,926.18
34 $58,926.18 $1,629.26 $0.00 $333.18 $60,888.62
35 $60,888.62 $1,629.26 $0.00 $344.27 $62,862.15
36 $62,862.15 $1,629.26 $0.00 $355.43 $64,846.84
37 $64,846.84 $1,629.26 $0.00 $366.65 $66,842.75
38 $66,842.75 $1,629.26 $0.00 $377.94 $68,849.95
39 $68,849.95 $1,629.26 $0.00 $389.29 $70,868.50
40 $70,868.50 $1,629.26 $0.00 $400.70 $72,898.46
41 $72,898.46 $1,629.26 $0.00 $412.18 $74,939.90
42 $74,939.90 $1,629.26 $0.00 $423.72 $76,992.88
43 $76,992.88 $1,629.26 $0.00 $435.33 $79,057.47
44 $79,057.47 $1,629.26 $0.00 $447.00 $81,133.73
45 $81,133.73 $1,629.26 $0.00 $458.74 $83,221.73
46 $83,221.73 $1,629.26 $0.00 $470.55 $85,321.54
47 $85,321.54 $1,629.26 $0.00 $482.42 $87,433.22
48 $87,433.22 $1,629.26 $0.00 $494.36 $89,556.84
49 $89,556.84 $1,629.26 $0.00 $506.37 $91,692.47
50 $91,692.47 $1,629.26 $0.00 $518.44 $93,840.17
51 $93,840.17 $1,629.26 $0.00 $530.59 $96,000.02
52 $96,000.02 $1,629.26 $0.00 $542.80 $98,172.08
53 $98,172.08 $1,629.26 $0.00 $555.08 $100,356.42
54 $100,356.42 $1,629.26 $0.00 $567.43 $102,553.11
55 $102,553.11 $1,629.26 $0.00 $579.85 $104,762.22
56 $104,762.22 $1,629.26 $0.00 $592.34 $106,983.82
57 $106,983.82 $1,629.26 $0.00 $604.90 $109,217.98
58 $109,217.98 $1,629.26 $0.00 $617.53 $111,464.77
59 $111,464.77 $1,629.26 $0.00 $630.24 $113,724.27
60 $113,724.27 $1,629.26 $0.00 $643.01 $115,996.54
61 $115,996.54 $1,629.26 $0.00 $655.86 $118,281.66
62 $118,281.66 $1,629.26 $0.00 $668.78 $120,579.70
63 $120,579.70 $1,629.26 $0.00 $681.78 $122,890.74
64 $122,890.74 $1,629.26 $0.00 $694.84 $125,214.84
65 $125,214.84 $1,629.26 $0.00 $707.98 $127,552.08
66 $127,552.08 $1,629.26 $0.00 $721.20 $129,902.54
67 $129,902.54 $1,629.26 $0.00 $734.49 $132,266.29
68 $132,266.29 $1,629.26 $0.00 $747.85 $134,643.40
69 $134,643.40 $1,629.26 $0.00 $761.29 $137,033.95
70 $137,033.95 $1,629.26 $0.00 $774.81 $139,438.02
71 $139,438.02 $1,629.26 $0.00 $788.40 $141,855.68
72 $141,855.68 $1,629.26 $0.00 $802.07 $144,287.01
73 $144,287.01 $1,629.26 $0.00 $815.82 $146,732.09
74 $146,732.09 $1,629.26 $0.00 $829.64 $149,190.99
75 $149,190.99 $1,629.26 $0.00 $843.55 $151,663.80
76 $151,663.80 $1,629.26 $0.00 $857.53 $154,150.59
77 $154,150.59 $1,629.26 $0.00 $871.59 $156,651.44
78 $156,651.44 $1,629.26 $0.00 $885.73 $159,166.43
79 $159,166.43 $1,629.26 $0.00 $899.95 $161,695.64
80 $161,695.64 $1,629.26 $0.00 $914.25 $164,239.15
81 $164,239.15 $1,629.26 $0.00 $928.63 $166,797.04
82 $166,797.04 $1,629.26 $0.00 $943.09 $169,369.39
83 $169,369.39 $1,629.26 $0.00 $957.64 $171,956.29
84 $171,956.29 $1,629.26 $0.00 $972.27 $174,557.82
85 $174,557.82 $1,629.26 $0.00 $986.98 $177,174.06
86 $177,174.06 $1,629.26 $0.00 $1,001.77 $179,805.09
87 $179,805.09 $1,629.26 $0.00 $1,016.64 $182,450.99
88 $182,450.99 $1,629.26 $0.00 $1,031.60 $185,111.85
89 $185,111.85 $1,629.26 $0.00 $1,046.65 $187,787.76
90 $187,787.76 $1,629.26 $0.00 $1,061.78 $190,478.80
91 $190,478.80 $1,629.26 $0.00 $1,076.99 $193,185.05
92 $193,185.05 $1,629.26 $0.00 $1,092.30 $195,906.61
93 $195,906.61 $1,629.26 $0.00 $1,107.68 $198,643.55
94 $198,643.55 $1,629.26 $0.00 $1,123.16 $201,395.97
95 $201,395.97 $1,629.26 $0.00 $1,138.72 $204,163.95
96 $204,163.95 $1,629.26 $0.00 $1,154.37 $206,947.58
97 $206,947.58 $1,629.26 $0.00 $1,170.11 $209,746.95
98 $209,746.95 $1,629.26 $0.00 $1,185.94 $212,562.15
99 $212,562.15 $1,629.26 $0.00 $1,201.86 $215,393.27
100 $215,393.27 $1,629.26 $0.00 $1,217.86 $218,240.39
101 $218,240.39 $1,629.26 $0.00 $1,233.96 $221,103.61
102 $221,103.61 $1,629.26 $0.00 $1,250.15 $223,983.02
103 $223,983.02 $1,629.26 $0.00 $1,266.43 $226,878.71
104 $226,878.71 $1,629.26 $0.00 $1,282.81 $229,790.78
105 $229,790.78 $1,629.26 $0.00 $1,299.27 $232,719.31
106 $232,719.31 $1,629.26 $0.00 $1,315.83 $235,664.40
107 $235,664.40 $1,629.26 $0.00 $1,332.48 $238,626.14
108 $238,626.14 $1,629.26 $0.00 $1,349.23 $241,604.63
109 $241,604.63 $1,629.26 $0.00 $1,366.07 $244,599.96
110 $244,599.96 $1,629.26 $0.00 $1,383.00 $247,612.22
111 $247,612.22 $1,629.26 $0.00 $1,400.04 $250,641.52
112 $250,641.52 $1,629.26 $0.00 $1,417.16 $253,687.94
113 $253,687.94 $1,629.26 $0.00 $1,434.39 $256,751.59
114 $256,751.59 $1,629.26 $0.00 $1,451.71 $259,832.56
115 $259,832.56 $1,629.26 $0.00 $1,469.13 $262,930.95
116 $262,930.95 $1,629.26 $0.00 $1,486.65 $266,046.86
117 $266,046.86 $1,629.26 $0.00 $1,504.27 $269,180.39
118 $269,180.39 $1,629.26 $0.00 $1,521.99 $272,331.64
119 $272,331.64 $1,629.26 $0.00 $1,539.80 $275,500.70
120 $275,500.70 $1,629.26 $0.00 $1,557.72 $278,687.68
121 $278,687.68 $1,629.26 $0.00 $1,575.74 $281,892.68
122 $281,892.68 $1,629.26 $0.00 $1,593.86 $285,115.80
123 $285,115.80 $1,629.26 $0.00 $1,612.09 $288,357.15
124 $288,357.15 $1,629.26 $0.00 $1,630.41 $291,616.82
125 $291,616.82 $1,629.26 $0.00 $1,648.84 $294,894.92
126 $294,894.92 $1,629.26 $0.00 $1,667.38 $298,191.56
127 $298,191.56 $1,629.26 $0.00 $1,686.02 $301,506.84
128 $301,506.84 $1,629.26 $0.00 $1,704.76 $304,840.86
129 $304,840.86 $1,629.26 $0.00 $1,723.61 $308,193.73
130 $308,193.73 $1,629.26 $0.00 $1,742.57 $311,565.56
131 $311,565.56 $1,629.26 $0.00 $1,761.64 $314,956.46
132 $314,956.46 $1,629.26 $0.00 $1,780.81 $318,366.53
133 $318,366.53 $1,629.26 $0.00 $1,800.09 $321,795.88
134 $321,795.88 $1,629.26 $0.00 $1,819.48 $325,244.62
135 $325,244.62 $1,629.26 $0.00 $1,838.98 $328,712.86
136 $328,712.86 $1,629.26 $0.00 $1,858.59 $332,200.71
137 $332,200.71 $1,629.26 $0.00 $1,878.31 $335,708.28
138 $335,708.28 $1,629.26 $0.00 $1,898.14 $339,235.68
139 $339,235.68 $1,629.26 $0.00 $1,918.09 $342,783.03
140 $342,783.03 $1,629.26 $0.00 $1,938.15 $346,350.44
141 $346,350.44 $1,629.26 $0.00 $1,958.32 $349,938.02
142 $349,938.02 $1,629.26 $0.00 $1,978.60 $353,545.88
143 $353,545.88 $1,629.26 $0.00 $1,999.00 $357,174.14
144 $357,174.14 $1,629.26 $0.00 $2,019.51 $360,822.91
145 $360,822.91 $1,629.26 $0.00 $2,040.15 $364,492.32
146 $364,492.32 $1,629.26 $0.00 $2,060.89 $368,182.47
147 $368,182.47 $1,629.26 $0.00 $2,081.76 $371,893.49
148 $371,893.49 $1,629.26 $0.00 $2,102.74 $375,625.49
149 $375,625.49 $1,629.26 $0.00 $2,123.84 $379,378.59
150 $379,378.59 $1,629.26 $0.00 $2,145.06 $383,152.91
151 $383,152.91 $1,629.26 $0.00 $2,166.40 $386,948.57
152 $386,948.57 $1,629.26 $0.00 $2,187.86 $390,765.69
153 $390,765.69 $1,629.26 $0.00 $2,209.45 $394,604.40
154 $394,604.40 $1,629.26 $0.00 $2,231.15 $398,464.81
155 $398,464.81 $1,629.26 $0.00 $2,252.98 $402,347.05
156 $402,347.05 $1,629.26 $0.00 $2,274.93 $406,251.24
157 $406,251.24 $1,629.26 $0.00 $2,297.00 $410,177.50
158 $410,177.50 $1,629.26 $0.00 $2,319.20 $414,125.96
159 $414,125.96 $1,629.26 $0.00 $2,341.53 $418,096.75
160 $418,096.75 $1,629.26 $0.00 $2,363.98 $422,089.99
161 $422,089.99 $1,629.26 $0.00 $2,386.56 $426,105.81
162 $426,105.81 $1,629.26 $0.00 $2,409.26 $430,144.33
163 $430,144.33 $1,629.26 $0.00 $2,432.10 $434,205.69
164 $434,205.69 $1,629.26 $0.00 $2,455.06 $438,290.01
165 $438,290.01 $1,629.26 $0.00 $2,478.16 $442,397.43
166 $442,397.43 $1,629.26 $0.00 $2,501.38 $446,528.07
167 $446,528.07 $1,629.26 $0.00 $2,524.73 $450,682.06
168 $450,682.06 $1,629.26 $0.00 $2,548.22 $454,859.54
169 $454,859.54 $1,629.26 $0.00 $2,571.84 $459,060.64
170 $459,060.64 $1,629.26 $0.00 $2,595.60 $463,285.50
171 $463,285.50 $1,629.26 $0.00 $2,619.48 $467,534.24
172 $467,534.24 $1,629.26 $0.00 $2,643.51 $471,807.01
173 $471,807.01 $1,629.26 $0.00 $2,667.67 $476,103.94
174 $476,103.94 $1,629.26 $0.00 $2,691.96 $480,425.16
175 $480,425.16 $1,629.26 $0.00 $2,716.39 $484,770.81
176 $484,770.81 $1,629.26 $0.00 $2,740.96 $489,141.03
177 $489,141.03 $1,629.26 $0.00 $2,765.67 $493,535.96
178 $493,535.96 $1,629.26 $0.00 $2,790.52 $497,955.74
179 $497,955.74 $1,629.26 $0.00 $2,815.51 $502,400.51
180 $502,400.51 $1,629.26 $0.00 $2,840.65 $506,870.42
181 $506,870.42 $1,629.26 $0.00 $2,865.92 $511,365.60
182 $511,365.60 $1,629.26 $0.00 $2,891.34 $515,886.20
183 $515,886.20 $1,629.26 $0.00 $2,916.90 $520,432.36
184 $520,432.36 $1,629.26 $0.00 $2,942.60 $525,004.22
185 $525,004.22 $1,629.26 $0.00 $2,968.45 $529,601.93
186 $529,601.93 $1,629.26 $0.00 $2,994.45 $534,225.64
187 $534,225.64 $1,629.26 $0.00 $3,020.59 $538,875.49
188 $538,875.49 $1,629.26 $0.00 $3,046.88 $543,551.63
189 $543,551.63 $1,629.26 $0.00 $3,073.32 $548,254.21
190 $548,254.21 $1,629.26 $0.00 $3,099.91 $552,983.38
191 $552,983.38 $1,629.26 $0.00 $3,126.65 $557,739.29
192 $557,739.29 $1,629.26 $0.00 $3,153.54 $562,522.09
193 $562,522.09 $1,629.26 $0.00 $3,180.58 $567,331.93
194 $567,331.93 $1,629.26 $0.00 $3,207.78 $572,168.97
195 $572,168.97 $1,629.26 $0.00 $3,235.13 $577,033.36
196 $577,033.36 $1,629.26 $0.00 $3,262.63 $581,925.25
197 $581,925.25 $1,629.26 $0.00 $3,290.29 $586,844.80
198 $586,844.80 $1,629.26 $0.00 $3,318.11 $591,792.17
199 $591,792.17 $1,629.26 $0.00 $3,346.08 $596,767.51
200 $596,767.51 $1,629.26 $0.00 $3,374.21 $601,770.98
201 $601,770.98 $1,629.26 $0.00 $3,402.50 $606,802.74
202 $606,802.74 $1,629.26 $0.00 $3,430.95 $611,862.95
203 $611,862.95 $1,629.26 $0.00 $3,459.56 $616,951.77
204 $616,951.77 $1,629.26 $0.00 $3,488.34 $622,069.37
205 $622,069.37 $1,629.26 $0.00 $3,517.27 $627,215.90
206 $627,215.90 $1,629.26 $0.00 $3,546.37 $632,391.53
207 $632,391.53 $1,629.26 $0.00 $3,575.63 $637,596.42
208 $637,596.42 $1,629.26 $0.00 $3,605.06 $642,830.74
209 $642,830.74 $1,629.26 $0.00 $3,634.66 $648,094.66
210 $648,094.66 $1,629.26 $0.00 $3,664.42 $653,388.34
211 $653,388.34 $1,629.26 $0.00 $3,694.35 $658,711.95
212 $658,711.95 $1,629.26 $0.00 $3,724.45 $664,065.66
213 $664,065.66 $1,629.26 $0.00 $3,754.72 $669,449.64
214 $669,449.64 $1,629.26 $0.00 $3,785.17 $674,864.07
215 $674,864.07 $1,629.26 $0.00 $3,815.78 $680,309.11
216 $680,309.11 $1,629.26 $0.00 $3,846.57 $685,784.94
217 $685,784.94 $1,629.26 $191,013.37 $3,877.53 $500,278.36
218 $500,278.36 $1,629.26 $0.00 $2,828.65 $504,736.27
219 $504,736.27 $1,629.26 $0.00 $2,853.85 $509,219.38
220 $509,219.38 $1,629.26 $0.00 $2,879.20 $513,727.84
221 $513,727.84 $1,629.26 $0.00 $2,904.69 $518,261.79
222 $518,261.79 $1,629.26 $0.00 $2,930.33 $522,821.38
223 $522,821.38 $1,629.26 $0.00 $2,956.11 $527,406.75
224 $527,406.75 $1,629.26 $0.00 $2,982.03 $532,018.04
225 $532,018.04 $1,629.26 $0.00 $3,008.11 $536,655.41
226 $536,655.41 $1,629.26 $0.00 $3,034.33 $541,319.00
227 $541,319.00 $1,629.26 $0.00 $3,060.70 $546,008.96
228 $546,008.96 $1,629.26 $0.00 $3,087.21 $550,725.43
229 $550,725.43 $1,629.26 $200,564.04 $3,113.88 $354,904.53
230 $354,904.53 $1,629.26 $0.00 $2,006.68 $358,540.47
231 $358,540.47 $1,629.26 $0.00 $2,027.24 $362,196.97
232 $362,196.97 $1,629.26 $0.00 $2,047.91 $365,874.14
233 $365,874.14 $1,629.26 $0.00 $2,068.71 $369,572.11
234 $369,572.11 $1,629.26 $0.00 $2,089.61 $373,290.98
235 $373,290.98 $1,629.26 $0.00 $2,110.64 $377,030.88
236 $377,030.88 $1,629.26 $0.00 $2,131.79 $380,791.93
237 $380,791.93 $1,629.26 $0.00 $2,153.05 $384,574.24
238 $384,574.24 $1,629.26 $0.00 $2,174.44 $388,377.94
239 $388,377.94 $1,629.26 $0.00 $2,195.95 $392,203.15
240 $392,203.15 $1,629.26 $0.00 $2,217.57 $396,049.98
241 $396,049.98 $1,629.26 $210,592.24 $2,239.32 $189,326.32
242 $189,326.32 $1,629.26 $0.00 $1,070.48 $192,026.06
243 $192,026.06 $1,629.26 $0.00 $1,085.74 $194,741.06
244 $194,741.06 $1,629.26 $0.00 $1,101.09 $197,471.41
245 $197,471.41 $1,629.26 $0.00 $1,116.53 $200,217.20
246 $200,217.20 $1,629.26 $0.00 $1,132.06 $202,978.52
247 $202,978.52 $1,629.26 $0.00 $1,147.67 $205,755.45
248 $205,755.45 $1,629.26 $0.00 $1,163.37 $208,548.08
249 $208,548.08 $1,629.26 $0.00 $1,179.16 $211,356.50
250 $211,356.50 $1,629.26 $0.00 $1,195.04 $214,180.80
251 $214,180.80 $1,629.26 $0.00 $1,211.01 $217,021.07
252 $217,021.07 $1,629.26 $0.00 $1,227.07 $219,877.40
253 $219,877.40 $0.00 $221,121.85 $1,243.22 ($1.23)