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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$186,529
Monthly savings required$1,477

How much will it cost to send your child to George Washington University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $746,117.64 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,476.53 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$71,930.00
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 $1,476.53 $0.00 $0.00 $1,476.53
2 $1,476.53 $1,476.53 $0.00 $8.35 $2,961.41
3 $2,961.41 $1,476.53 $0.00 $16.74 $4,454.68
4 $4,454.68 $1,476.53 $0.00 $25.19 $5,956.40
5 $5,956.40 $1,476.53 $0.00 $33.68 $7,466.61
6 $7,466.61 $1,476.53 $0.00 $42.22 $8,985.36
7 $8,985.36 $1,476.53 $0.00 $50.80 $10,512.69
8 $10,512.69 $1,476.53 $0.00 $59.44 $12,048.66
9 $12,048.66 $1,476.53 $0.00 $68.12 $13,593.31
10 $13,593.31 $1,476.53 $0.00 $76.86 $15,146.70
11 $15,146.70 $1,476.53 $0.00 $85.64 $16,708.87
12 $16,708.87 $1,476.53 $0.00 $94.47 $18,279.87
13 $18,279.87 $1,476.53 $0.00 $103.36 $19,859.76
14 $19,859.76 $1,476.53 $0.00 $112.29 $21,448.58
15 $21,448.58 $1,476.53 $0.00 $121.27 $23,046.38
16 $23,046.38 $1,476.53 $0.00 $130.31 $24,653.22
17 $24,653.22 $1,476.53 $0.00 $139.39 $26,269.14
18 $26,269.14 $1,476.53 $0.00 $148.53 $27,894.20
19 $27,894.20 $1,476.53 $0.00 $157.72 $29,528.45
20 $29,528.45 $1,476.53 $0.00 $166.96 $31,171.94
21 $31,171.94 $1,476.53 $0.00 $176.25 $32,824.72
22 $32,824.72 $1,476.53 $0.00 $185.60 $34,486.85
23 $34,486.85 $1,476.53 $0.00 $194.99 $36,158.37
24 $36,158.37 $1,476.53 $0.00 $204.44 $37,839.34
25 $37,839.34 $1,476.53 $0.00 $213.95 $39,529.82
26 $39,529.82 $1,476.53 $0.00 $223.51 $41,229.86
27 $41,229.86 $1,476.53 $0.00 $233.12 $42,939.51
28 $42,939.51 $1,476.53 $0.00 $242.79 $44,658.83
29 $44,658.83 $1,476.53 $0.00 $252.51 $46,387.87
30 $46,387.87 $1,476.53 $0.00 $262.28 $48,126.68
31 $48,126.68 $1,476.53 $0.00 $272.12 $49,875.33
32 $49,875.33 $1,476.53 $0.00 $282.00 $51,633.86
33 $51,633.86 $1,476.53 $0.00 $291.95 $53,402.34
34 $53,402.34 $1,476.53 $0.00 $301.94 $55,180.81
35 $55,180.81 $1,476.53 $0.00 $312.00 $56,969.34
36 $56,969.34 $1,476.53 $0.00 $322.11 $58,767.98
37 $58,767.98 $1,476.53 $0.00 $332.28 $60,576.79
38 $60,576.79 $1,476.53 $0.00 $342.51 $62,395.83
39 $62,395.83 $1,476.53 $0.00 $352.80 $64,225.16
40 $64,225.16 $1,476.53 $0.00 $363.14 $66,064.83
41 $66,064.83 $1,476.53 $0.00 $373.54 $67,914.90
42 $67,914.90 $1,476.53 $0.00 $384.00 $69,775.43
43 $69,775.43 $1,476.53 $0.00 $394.52 $71,646.48
44 $71,646.48 $1,476.53 $0.00 $405.10 $73,528.11
45 $73,528.11 $1,476.53 $0.00 $415.74 $75,420.38
46 $75,420.38 $1,476.53 $0.00 $426.44 $77,323.35
47 $77,323.35 $1,476.53 $0.00 $437.20 $79,237.08
48 $79,237.08 $1,476.53 $0.00 $448.02 $81,161.63
49 $81,161.63 $1,476.53 $0.00 $458.90 $83,097.06
50 $83,097.06 $1,476.53 $0.00 $469.84 $85,043.43
51 $85,043.43 $1,476.53 $0.00 $480.85 $87,000.81
52 $87,000.81 $1,476.53 $0.00 $491.92 $88,969.26
53 $88,969.26 $1,476.53 $0.00 $503.05 $90,948.84
54 $90,948.84 $1,476.53 $0.00 $514.24 $92,939.61
55 $92,939.61 $1,476.53 $0.00 $525.49 $94,941.63
56 $94,941.63 $1,476.53 $0.00 $536.81 $96,954.97
57 $96,954.97 $1,476.53 $0.00 $548.20 $98,979.70
58 $98,979.70 $1,476.53 $0.00 $559.65 $101,015.88
59 $101,015.88 $1,476.53 $0.00 $571.16 $103,063.57
60 $103,063.57 $1,476.53 $0.00 $582.74 $105,122.84
61 $105,122.84 $1,476.53 $0.00 $594.38 $107,193.75
62 $107,193.75 $1,476.53 $0.00 $606.09 $109,276.37
63 $109,276.37 $1,476.53 $0.00 $617.86 $111,370.76
64 $111,370.76 $1,476.53 $0.00 $629.71 $113,477.00
65 $113,477.00 $1,476.53 $0.00 $641.62 $115,595.15
66 $115,595.15 $1,476.53 $0.00 $653.59 $117,725.27
67 $117,725.27 $1,476.53 $0.00 $665.64 $119,867.44
68 $119,867.44 $1,476.53 $0.00 $677.75 $122,021.72
69 $122,021.72 $1,476.53 $0.00 $689.93 $124,188.18
70 $124,188.18 $1,476.53 $0.00 $702.18 $126,366.89
71 $126,366.89 $1,476.53 $0.00 $714.50 $128,557.92
72 $128,557.92 $1,476.53 $0.00 $726.89 $130,761.34
73 $130,761.34 $1,476.53 $0.00 $739.34 $132,977.21
74 $132,977.21 $1,476.53 $0.00 $751.87 $135,205.61
75 $135,205.61 $1,476.53 $0.00 $764.47 $137,446.61
76 $137,446.61 $1,476.53 $0.00 $777.14 $139,700.28
77 $139,700.28 $1,476.53 $0.00 $789.89 $141,966.70
78 $141,966.70 $1,476.53 $0.00 $802.70 $144,245.93
79 $144,245.93 $1,476.53 $0.00 $815.59 $146,538.05
80 $146,538.05 $1,476.53 $0.00 $828.55 $148,843.13
81 $148,843.13 $1,476.53 $0.00 $841.58 $151,161.24
82 $151,161.24 $1,476.53 $0.00 $854.69 $153,492.46
83 $153,492.46 $1,476.53 $0.00 $867.87 $155,836.86
84 $155,836.86 $1,476.53 $0.00 $881.12 $158,194.51
85 $158,194.51 $1,476.53 $0.00 $894.45 $160,565.49
86 $160,565.49 $1,476.53 $0.00 $907.86 $162,949.88
87 $162,949.88 $1,476.53 $0.00 $921.34 $165,347.75
88 $165,347.75 $1,476.53 $0.00 $934.90 $167,759.18
89 $167,759.18 $1,476.53 $0.00 $948.53 $170,184.24
90 $170,184.24 $1,476.53 $0.00 $962.25 $172,623.02
91 $172,623.02 $1,476.53 $0.00 $976.04 $175,075.59
92 $175,075.59 $1,476.53 $0.00 $989.90 $177,542.02
93 $177,542.02 $1,476.53 $0.00 $1,003.85 $180,022.40
94 $180,022.40 $1,476.53 $0.00 $1,017.87 $182,516.80
95 $182,516.80 $1,476.53 $0.00 $1,031.98 $185,025.31
96 $185,025.31 $1,476.53 $0.00 $1,046.16 $187,548.00
97 $187,548.00 $1,476.53 $0.00 $1,060.42 $190,084.95
98 $190,084.95 $1,476.53 $0.00 $1,074.77 $192,636.25
99 $192,636.25 $1,476.53 $0.00 $1,089.19 $195,201.97
100 $195,201.97 $1,476.53 $0.00 $1,103.70 $197,782.20
101 $197,782.20 $1,476.53 $0.00 $1,118.29 $200,377.02
102 $200,377.02 $1,476.53 $0.00 $1,132.96 $202,986.51
103 $202,986.51 $1,476.53 $0.00 $1,147.72 $205,610.76
104 $205,610.76 $1,476.53 $0.00 $1,162.55 $208,249.84
105 $208,249.84 $1,476.53 $0.00 $1,177.47 $210,903.84
106 $210,903.84 $1,476.53 $0.00 $1,192.48 $213,572.85
107 $213,572.85 $1,476.53 $0.00 $1,207.57 $216,256.95
108 $216,256.95 $1,476.53 $0.00 $1,222.75 $218,956.23
109 $218,956.23 $1,476.53 $0.00 $1,238.01 $221,670.77
110 $221,670.77 $1,476.53 $0.00 $1,253.36 $224,400.66
111 $224,400.66 $1,476.53 $0.00 $1,268.79 $227,145.98
112 $227,145.98 $1,476.53 $0.00 $1,284.32 $229,906.83
113 $229,906.83 $1,476.53 $0.00 $1,299.93 $232,683.29
114 $232,683.29 $1,476.53 $0.00 $1,315.63 $235,475.45
115 $235,475.45 $1,476.53 $0.00 $1,331.41 $238,283.39
116 $238,283.39 $1,476.53 $0.00 $1,347.29 $241,107.21
117 $241,107.21 $1,476.53 $0.00 $1,363.26 $243,947.00
118 $243,947.00 $1,476.53 $0.00 $1,379.31 $246,802.84
119 $246,802.84 $1,476.53 $0.00 $1,395.46 $249,674.83
120 $249,674.83 $1,476.53 $0.00 $1,411.70 $252,563.06
121 $252,563.06 $1,476.53 $0.00 $1,428.03 $255,467.62
122 $255,467.62 $1,476.53 $0.00 $1,444.45 $258,388.60
123 $258,388.60 $1,476.53 $0.00 $1,460.97 $261,326.10
124 $261,326.10 $1,476.53 $0.00 $1,477.58 $264,280.21
125 $264,280.21 $1,476.53 $0.00 $1,494.28 $267,251.02
126 $267,251.02 $1,476.53 $0.00 $1,511.08 $270,238.63
127 $270,238.63 $1,476.53 $0.00 $1,527.97 $273,243.13
128 $273,243.13 $1,476.53 $0.00 $1,544.96 $276,264.62
129 $276,264.62 $1,476.53 $0.00 $1,562.04 $279,303.19
130 $279,303.19 $1,476.53 $0.00 $1,579.22 $282,358.94
131 $282,358.94 $1,476.53 $0.00 $1,596.50 $285,431.97
132 $285,431.97 $1,476.53 $0.00 $1,613.87 $288,522.37
133 $288,522.37 $1,476.53 $0.00 $1,631.35 $291,630.25
134 $291,630.25 $1,476.53 $0.00 $1,648.92 $294,755.70
135 $294,755.70 $1,476.53 $0.00 $1,666.59 $297,898.82
136 $297,898.82 $1,476.53 $0.00 $1,684.36 $301,059.71
137 $301,059.71 $1,476.53 $0.00 $1,702.24 $304,238.48
138 $304,238.48 $1,476.53 $0.00 $1,720.21 $307,435.22
139 $307,435.22 $1,476.53 $0.00 $1,738.28 $310,650.03
140 $310,650.03 $1,476.53 $0.00 $1,756.46 $313,883.02
141 $313,883.02 $1,476.53 $0.00 $1,774.74 $317,134.29
142 $317,134.29 $1,476.53 $0.00 $1,793.12 $320,403.94
143 $320,403.94 $1,476.53 $0.00 $1,811.61 $323,692.08
144 $323,692.08 $1,476.53 $0.00 $1,830.20 $326,998.81
145 $326,998.81 $1,476.53 $0.00 $1,848.90 $330,324.24
146 $330,324.24 $1,476.53 $0.00 $1,867.70 $333,668.47
147 $333,668.47 $1,476.53 $0.00 $1,886.61 $337,031.61
148 $337,031.61 $1,476.53 $0.00 $1,905.63 $340,413.77
149 $340,413.77 $1,476.53 $0.00 $1,924.75 $343,815.05
150 $343,815.05 $1,476.53 $0.00 $1,943.98 $347,235.56
151 $347,235.56 $1,476.53 $0.00 $1,963.32 $350,675.41
152 $350,675.41 $1,476.53 $0.00 $1,982.77 $354,134.71
153 $354,134.71 $1,476.53 $0.00 $2,002.33 $357,613.57
154 $357,613.57 $1,476.53 $0.00 $2,022.00 $361,112.10
155 $361,112.10 $1,476.53 $0.00 $2,041.78 $364,630.41
156 $364,630.41 $1,476.53 $0.00 $2,061.67 $368,168.61
157 $368,168.61 $1,476.53 $0.00 $2,081.68 $371,726.82
158 $371,726.82 $1,476.53 $0.00 $2,101.80 $375,305.15
159 $375,305.15 $1,476.53 $0.00 $2,122.03 $378,903.71
160 $378,903.71 $1,476.53 $0.00 $2,142.38 $382,522.62
161 $382,522.62 $1,476.53 $0.00 $2,162.84 $386,161.99
162 $386,161.99 $1,476.53 $0.00 $2,183.42 $389,821.94
163 $389,821.94 $1,476.53 $0.00 $2,204.11 $393,502.58
164 $393,502.58 $1,476.53 $0.00 $2,224.92 $397,204.03
165 $397,204.03 $1,476.53 $0.00 $2,245.85 $400,926.41
166 $400,926.41 $1,476.53 $0.00 $2,266.90 $404,669.84
167 $404,669.84 $1,476.53 $0.00 $2,288.06 $408,434.43
168 $408,434.43 $1,476.53 $0.00 $2,309.35 $412,220.31
169 $412,220.31 $1,476.53 $0.00 $2,330.75 $416,027.59
170 $416,027.59 $1,476.53 $0.00 $2,352.28 $419,856.40
171 $419,856.40 $1,476.53 $0.00 $2,373.93 $423,706.86
172 $423,706.86 $1,476.53 $0.00 $2,395.70 $427,579.09
173 $427,579.09 $1,476.53 $0.00 $2,417.59 $431,473.21
174 $431,473.21 $1,476.53 $0.00 $2,439.61 $435,389.35
175 $435,389.35 $1,476.53 $0.00 $2,461.75 $439,327.63
176 $439,327.63 $1,476.53 $0.00 $2,484.02 $443,288.18
177 $443,288.18 $1,476.53 $0.00 $2,506.42 $447,271.13
178 $447,271.13 $1,476.53 $0.00 $2,528.94 $451,276.60
179 $451,276.60 $1,476.53 $0.00 $2,551.58 $455,304.71
180 $455,304.71 $1,476.53 $0.00 $2,574.36 $459,355.60
181 $459,355.60 $1,476.53 $0.00 $2,597.26 $463,429.39
182 $463,429.39 $1,476.53 $0.00 $2,620.30 $467,526.22
183 $467,526.22 $1,476.53 $0.00 $2,643.46 $471,646.21
184 $471,646.21 $1,476.53 $0.00 $2,666.76 $475,789.50
185 $475,789.50 $1,476.53 $0.00 $2,690.18 $479,956.21
186 $479,956.21 $1,476.53 $0.00 $2,713.74 $484,146.48
187 $484,146.48 $1,476.53 $0.00 $2,737.43 $488,360.44
188 $488,360.44 $1,476.53 $0.00 $2,761.26 $492,598.23
189 $492,598.23 $1,476.53 $0.00 $2,785.22 $496,859.98
190 $496,859.98 $1,476.53 $0.00 $2,809.32 $501,145.83
191 $501,145.83 $1,476.53 $0.00 $2,833.55 $505,455.91
192 $505,455.91 $1,476.53 $0.00 $2,857.92 $509,790.36
193 $509,790.36 $1,476.53 $0.00 $2,882.43 $514,149.32
194 $514,149.32 $1,476.53 $0.00 $2,907.08 $518,532.93
195 $518,532.93 $1,476.53 $0.00 $2,931.86 $522,941.32
196 $522,941.32 $1,476.53 $0.00 $2,956.79 $527,374.64
197 $527,374.64 $1,476.53 $0.00 $2,981.85 $531,833.02
198 $531,833.02 $1,476.53 $0.00 $3,007.06 $536,316.61
199 $536,316.61 $1,476.53 $0.00 $3,032.41 $540,825.55
200 $540,825.55 $1,476.53 $0.00 $3,057.91 $545,359.99
201 $545,359.99 $1,476.53 $0.00 $3,083.54 $549,920.06
202 $549,920.06 $1,476.53 $0.00 $3,109.33 $554,505.92
203 $554,505.92 $1,476.53 $0.00 $3,135.26 $559,117.71
204 $559,117.71 $1,476.53 $0.00 $3,161.33 $563,755.57
205 $563,755.57 $1,476.53 $0.00 $3,187.56 $568,419.66
206 $568,419.66 $1,476.53 $0.00 $3,213.93 $573,110.12
207 $573,110.12 $1,476.53 $0.00 $3,240.45 $577,827.10
208 $577,827.10 $1,476.53 $0.00 $3,267.12 $582,570.75
209 $582,570.75 $1,476.53 $0.00 $3,293.94 $587,341.22
210 $587,341.22 $1,476.53 $0.00 $3,320.91 $592,138.66
211 $592,138.66 $1,476.53 $0.00 $3,348.04 $596,963.23
212 $596,963.23 $1,476.53 $0.00 $3,375.32 $601,815.08
213 $601,815.08 $1,476.53 $0.00 $3,402.75 $606,694.36
214 $606,694.36 $1,476.53 $0.00 $3,430.34 $611,601.23
215 $611,601.23 $1,476.53 $0.00 $3,458.08 $616,535.84
216 $616,535.84 $1,476.53 $0.00 $3,485.98 $621,498.35
217 $621,498.35 $1,476.53 $173,108.12 $3,514.04 $453,380.80
218 $453,380.80 $1,476.53 $0.00 $2,563.48 $457,420.81
219 $457,420.81 $1,476.53 $0.00 $2,586.32 $461,483.66
220 $461,483.66 $1,476.53 $0.00 $2,609.30 $465,569.49
221 $465,569.49 $1,476.53 $0.00 $2,632.40 $469,678.42
222 $469,678.42 $1,476.53 $0.00 $2,655.63 $473,810.58
223 $473,810.58 $1,476.53 $0.00 $2,678.99 $477,966.10
224 $477,966.10 $1,476.53 $0.00 $2,702.49 $482,145.12
225 $482,145.12 $1,476.53 $0.00 $2,726.12 $486,347.77
226 $486,347.77 $1,476.53 $0.00 $2,749.88 $490,574.18
227 $490,574.18 $1,476.53 $0.00 $2,773.78 $494,824.49
228 $494,824.49 $1,476.53 $0.00 $2,797.81 $499,098.83
229 $499,098.83 $1,476.53 $181,763.53 $2,821.98 $321,633.81
230 $321,633.81 $1,476.53 $0.00 $1,818.56 $324,928.90
231 $324,928.90 $1,476.53 $0.00 $1,837.20 $328,242.63
232 $328,242.63 $1,476.53 $0.00 $1,855.93 $331,575.09
233 $331,575.09 $1,476.53 $0.00 $1,874.77 $334,926.39
234 $334,926.39 $1,476.53 $0.00 $1,893.72 $338,296.64
235 $338,296.64 $1,476.53 $0.00 $1,912.78 $341,685.95
236 $341,685.95 $1,476.53 $0.00 $1,931.94 $345,094.42
237 $345,094.42 $1,476.53 $0.00 $1,951.21 $348,522.16
238 $348,522.16 $1,476.53 $0.00 $1,970.59 $351,969.28
239 $351,969.28 $1,476.53 $0.00 $1,990.09 $355,435.90
240 $355,435.90 $1,476.53 $0.00 $2,009.69 $358,922.12
241 $358,922.12 $1,476.53 $190,851.70 $2,029.40 $171,576.35
242 $171,576.35 $1,476.53 $0.00 $970.12 $174,023.00
243 $174,023.00 $1,476.53 $0.00 $983.95 $176,483.48
244 $176,483.48 $1,476.53 $0.00 $997.86 $178,957.87
245 $178,957.87 $1,476.53 $0.00 $1,011.85 $181,446.25
246 $181,446.25 $1,476.53 $0.00 $1,025.92 $183,948.70
247 $183,948.70 $1,476.53 $0.00 $1,040.07 $186,465.30
248 $186,465.30 $1,476.53 $0.00 $1,054.30 $188,996.13
249 $188,996.13 $1,476.53 $0.00 $1,068.61 $191,541.27
250 $191,541.27 $1,476.53 $0.00 $1,083.00 $194,100.80
251 $194,100.80 $1,476.53 $0.00 $1,097.47 $196,674.80
252 $196,674.80 $1,476.53 $0.00 $1,112.03 $199,263.36
253 $199,263.36 $0.00 $200,394.29 $1,126.66 ($4.27)