Savings Plan and Future Cost Estimation for George Washington University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$303,679
Monthly savings required$2,400

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 $1,214,717.87 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $2,400.05 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$80,945.00
Years until enrollment18
Annual Tuition Increase7%
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 $2,400.05 $0.00 $0.00 $2,400.05
2 $2,400.05 $2,400.05 $0.00 $13.57 $4,813.67
3 $4,813.67 $2,400.05 $0.00 $27.22 $7,240.94
4 $7,240.94 $2,400.05 $0.00 $40.94 $9,681.93
5 $9,681.93 $2,400.05 $0.00 $54.74 $12,136.72
6 $12,136.72 $2,400.05 $0.00 $68.62 $14,605.39
7 $14,605.39 $2,400.05 $0.00 $82.58 $17,088.02
8 $17,088.02 $2,400.05 $0.00 $96.62 $19,584.69
9 $19,584.69 $2,400.05 $0.00 $110.73 $22,095.47
10 $22,095.47 $2,400.05 $0.00 $124.93 $24,620.45
11 $24,620.45 $2,400.05 $0.00 $139.21 $27,159.71
12 $27,159.71 $2,400.05 $0.00 $153.56 $29,713.32
13 $29,713.32 $2,400.05 $0.00 $168.00 $32,281.37
14 $32,281.37 $2,400.05 $0.00 $182.52 $34,863.94
15 $34,863.94 $2,400.05 $0.00 $197.13 $37,461.12
16 $37,461.12 $2,400.05 $0.00 $211.81 $40,072.98
17 $40,072.98 $2,400.05 $0.00 $226.58 $42,699.61
18 $42,699.61 $2,400.05 $0.00 $241.43 $45,341.09
19 $45,341.09 $2,400.05 $0.00 $256.37 $47,997.51
20 $47,997.51 $2,400.05 $0.00 $271.38 $50,668.94
21 $50,668.94 $2,400.05 $0.00 $286.49 $53,355.48
22 $53,355.48 $2,400.05 $0.00 $301.68 $56,057.21
23 $56,057.21 $2,400.05 $0.00 $316.96 $58,774.22
24 $58,774.22 $2,400.05 $0.00 $332.32 $61,506.59
25 $61,506.59 $2,400.05 $0.00 $347.77 $64,254.41
26 $64,254.41 $2,400.05 $0.00 $363.30 $67,017.76
27 $67,017.76 $2,400.05 $0.00 $378.93 $69,796.74
28 $69,796.74 $2,400.05 $0.00 $394.64 $72,591.43
29 $72,591.43 $2,400.05 $0.00 $410.44 $75,401.92
30 $75,401.92 $2,400.05 $0.00 $426.33 $78,228.30
31 $78,228.30 $2,400.05 $0.00 $442.31 $81,070.66
32 $81,070.66 $2,400.05 $0.00 $458.39 $83,929.10
33 $83,929.10 $2,400.05 $0.00 $474.55 $86,803.70
34 $86,803.70 $2,400.05 $0.00 $490.80 $89,694.55
35 $89,694.55 $2,400.05 $0.00 $507.15 $92,601.75
36 $92,601.75 $2,400.05 $0.00 $523.58 $95,525.38
37 $95,525.38 $2,400.05 $0.00 $540.11 $98,465.54
38 $98,465.54 $2,400.05 $0.00 $556.74 $101,422.33
39 $101,422.33 $2,400.05 $0.00 $573.46 $104,395.84
40 $104,395.84 $2,400.05 $0.00 $590.27 $107,386.16
41 $107,386.16 $2,400.05 $0.00 $607.18 $110,393.39
42 $110,393.39 $2,400.05 $0.00 $624.18 $113,417.62
43 $113,417.62 $2,400.05 $0.00 $641.28 $116,458.95
44 $116,458.95 $2,400.05 $0.00 $658.48 $119,517.48
45 $119,517.48 $2,400.05 $0.00 $675.77 $122,593.30
46 $122,593.30 $2,400.05 $0.00 $693.16 $125,686.51
47 $125,686.51 $2,400.05 $0.00 $710.65 $128,797.21
48 $128,797.21 $2,400.05 $0.00 $728.24 $131,925.50
49 $131,925.50 $2,400.05 $0.00 $745.93 $135,071.48
50 $135,071.48 $2,400.05 $0.00 $763.71 $138,235.24
51 $138,235.24 $2,400.05 $0.00 $781.60 $141,416.89
52 $141,416.89 $2,400.05 $0.00 $799.59 $144,616.53
53 $144,616.53 $2,400.05 $0.00 $817.68 $147,834.26
54 $147,834.26 $2,400.05 $0.00 $835.88 $151,070.19
55 $151,070.19 $2,400.05 $0.00 $854.17 $154,324.41
56 $154,324.41 $2,400.05 $0.00 $872.57 $157,597.03
57 $157,597.03 $2,400.05 $0.00 $891.08 $160,888.16
58 $160,888.16 $2,400.05 $0.00 $909.69 $164,197.90
59 $164,197.90 $2,400.05 $0.00 $928.40 $167,526.35
60 $167,526.35 $2,400.05 $0.00 $947.22 $170,873.62
61 $170,873.62 $2,400.05 $0.00 $966.14 $174,239.81
62 $174,239.81 $2,400.05 $0.00 $985.18 $177,625.04
63 $177,625.04 $2,400.05 $0.00 $1,004.32 $181,029.41
64 $181,029.41 $2,400.05 $0.00 $1,023.57 $184,453.03
65 $184,453.03 $2,400.05 $0.00 $1,042.92 $187,896.00
66 $187,896.00 $2,400.05 $0.00 $1,062.39 $191,358.44
67 $191,358.44 $2,400.05 $0.00 $1,081.97 $194,840.46
68 $194,840.46 $2,400.05 $0.00 $1,101.66 $198,342.17
69 $198,342.17 $2,400.05 $0.00 $1,121.46 $201,863.68
70 $201,863.68 $2,400.05 $0.00 $1,141.37 $205,405.10
71 $205,405.10 $2,400.05 $0.00 $1,161.39 $208,966.54
72 $208,966.54 $2,400.05 $0.00 $1,181.53 $212,548.12
73 $212,548.12 $2,400.05 $0.00 $1,201.78 $216,149.95
74 $216,149.95 $2,400.05 $0.00 $1,222.14 $219,772.14
75 $219,772.14 $2,400.05 $0.00 $1,242.62 $223,414.81
76 $223,414.81 $2,400.05 $0.00 $1,263.22 $227,078.08
77 $227,078.08 $2,400.05 $0.00 $1,283.93 $230,762.06
78 $230,762.06 $2,400.05 $0.00 $1,304.76 $234,466.87
79 $234,466.87 $2,400.05 $0.00 $1,325.71 $238,192.63
80 $238,192.63 $2,400.05 $0.00 $1,346.78 $241,939.46
81 $241,939.46 $2,400.05 $0.00 $1,367.96 $245,707.47
82 $245,707.47 $2,400.05 $0.00 $1,389.27 $249,496.79
83 $249,496.79 $2,400.05 $0.00 $1,410.69 $253,307.53
84 $253,307.53 $2,400.05 $0.00 $1,432.24 $257,139.82
85 $257,139.82 $2,400.05 $0.00 $1,453.91 $260,993.78
86 $260,993.78 $2,400.05 $0.00 $1,475.70 $264,869.53
87 $264,869.53 $2,400.05 $0.00 $1,497.61 $268,767.19
88 $268,767.19 $2,400.05 $0.00 $1,519.65 $272,686.89
89 $272,686.89 $2,400.05 $0.00 $1,541.81 $276,628.75
90 $276,628.75 $2,400.05 $0.00 $1,564.10 $280,592.90
91 $280,592.90 $2,400.05 $0.00 $1,586.51 $284,579.46
92 $284,579.46 $2,400.05 $0.00 $1,609.05 $288,588.56
93 $288,588.56 $2,400.05 $0.00 $1,631.72 $292,620.33
94 $292,620.33 $2,400.05 $0.00 $1,654.52 $296,674.90
95 $296,674.90 $2,400.05 $0.00 $1,677.44 $300,752.39
96 $300,752.39 $2,400.05 $0.00 $1,700.50 $304,852.94
97 $304,852.94 $2,400.05 $0.00 $1,723.68 $308,976.67
98 $308,976.67 $2,400.05 $0.00 $1,747.00 $313,123.72
99 $313,123.72 $2,400.05 $0.00 $1,770.45 $317,294.22
100 $317,294.22 $2,400.05 $0.00 $1,794.03 $321,488.30
101 $321,488.30 $2,400.05 $0.00 $1,817.74 $325,706.09
102 $325,706.09 $2,400.05 $0.00 $1,841.59 $329,947.73
103 $329,947.73 $2,400.05 $0.00 $1,865.57 $334,213.35
104 $334,213.35 $2,400.05 $0.00 $1,889.69 $338,503.09
105 $338,503.09 $2,400.05 $0.00 $1,913.95 $342,817.09
106 $342,817.09 $2,400.05 $0.00 $1,938.34 $347,155.48
107 $347,155.48 $2,400.05 $0.00 $1,962.87 $351,518.40
108 $351,518.40 $2,400.05 $0.00 $1,987.54 $355,905.99
109 $355,905.99 $2,400.05 $0.00 $2,012.34 $360,318.38
110 $360,318.38 $2,400.05 $0.00 $2,037.29 $364,755.72
111 $364,755.72 $2,400.05 $0.00 $2,062.38 $369,218.15
112 $369,218.15 $2,400.05 $0.00 $2,087.61 $373,705.81
113 $373,705.81 $2,400.05 $0.00 $2,112.99 $378,218.85
114 $378,218.85 $2,400.05 $0.00 $2,138.50 $382,757.40
115 $382,757.40 $2,400.05 $0.00 $2,164.17 $387,321.62
116 $387,321.62 $2,400.05 $0.00 $2,189.97 $391,911.64
117 $391,911.64 $2,400.05 $0.00 $2,215.93 $396,527.62
118 $396,527.62 $2,400.05 $0.00 $2,242.02 $401,169.69
119 $401,169.69 $2,400.05 $0.00 $2,268.27 $405,838.01
120 $405,838.01 $2,400.05 $0.00 $2,294.67 $410,532.73
121 $410,532.73 $2,400.05 $0.00 $2,321.21 $415,253.99
122 $415,253.99 $2,400.05 $0.00 $2,347.91 $420,001.95
123 $420,001.95 $2,400.05 $0.00 $2,374.75 $424,776.75
124 $424,776.75 $2,400.05 $0.00 $2,401.75 $429,578.55
125 $429,578.55 $2,400.05 $0.00 $2,428.90 $434,407.50
126 $434,407.50 $2,400.05 $0.00 $2,456.20 $439,263.75
127 $439,263.75 $2,400.05 $0.00 $2,483.66 $444,147.46
128 $444,147.46 $2,400.05 $0.00 $2,511.27 $449,058.78
129 $449,058.78 $2,400.05 $0.00 $2,539.04 $453,997.87
130 $453,997.87 $2,400.05 $0.00 $2,566.97 $458,964.89
131 $458,964.89 $2,400.05 $0.00 $2,595.05 $463,959.99
132 $463,959.99 $2,400.05 $0.00 $2,623.30 $468,983.34
133 $468,983.34 $2,400.05 $0.00 $2,651.70 $474,035.09
134 $474,035.09 $2,400.05 $0.00 $2,680.26 $479,115.40
135 $479,115.40 $2,400.05 $0.00 $2,708.99 $484,224.44
136 $484,224.44 $2,400.05 $0.00 $2,737.88 $489,362.37
137 $489,362.37 $2,400.05 $0.00 $2,766.93 $494,529.35
138 $494,529.35 $2,400.05 $0.00 $2,796.14 $499,725.54
139 $499,725.54 $2,400.05 $0.00 $2,825.52 $504,951.11
140 $504,951.11 $2,400.05 $0.00 $2,855.07 $510,206.23
141 $510,206.23 $2,400.05 $0.00 $2,884.78 $515,491.06
142 $515,491.06 $2,400.05 $0.00 $2,914.66 $520,805.77
143 $520,805.77 $2,400.05 $0.00 $2,944.71 $526,150.53
144 $526,150.53 $2,400.05 $0.00 $2,974.93 $531,525.51
145 $531,525.51 $2,400.05 $0.00 $3,005.32 $536,930.88
146 $536,930.88 $2,400.05 $0.00 $3,035.89 $542,366.82
147 $542,366.82 $2,400.05 $0.00 $3,066.62 $547,833.49
148 $547,833.49 $2,400.05 $0.00 $3,097.53 $553,331.07
149 $553,331.07 $2,400.05 $0.00 $3,128.61 $558,859.73
150 $558,859.73 $2,400.05 $0.00 $3,159.87 $564,419.65
151 $564,419.65 $2,400.05 $0.00 $3,191.31 $570,011.01
152 $570,011.01 $2,400.05 $0.00 $3,222.93 $575,633.99
153 $575,633.99 $2,400.05 $0.00 $3,254.72 $581,288.76
154 $581,288.76 $2,400.05 $0.00 $3,286.69 $586,975.50
155 $586,975.50 $2,400.05 $0.00 $3,318.84 $592,694.39
156 $592,694.39 $2,400.05 $0.00 $3,351.18 $598,445.62
157 $598,445.62 $2,400.05 $0.00 $3,383.70 $604,229.37
158 $604,229.37 $2,400.05 $0.00 $3,416.40 $610,045.82
159 $610,045.82 $2,400.05 $0.00 $3,449.29 $615,895.16
160 $615,895.16 $2,400.05 $0.00 $3,482.36 $621,777.57
161 $621,777.57 $2,400.05 $0.00 $3,515.62 $627,693.24
162 $627,693.24 $2,400.05 $0.00 $3,549.07 $633,642.36
163 $633,642.36 $2,400.05 $0.00 $3,582.71 $639,625.12
164 $639,625.12 $2,400.05 $0.00 $3,616.53 $645,641.70
165 $645,641.70 $2,400.05 $0.00 $3,650.55 $651,692.30
166 $651,692.30 $2,400.05 $0.00 $3,684.76 $657,777.11
167 $657,777.11 $2,400.05 $0.00 $3,719.17 $663,896.33
168 $663,896.33 $2,400.05 $0.00 $3,753.77 $670,050.15
169 $670,050.15 $2,400.05 $0.00 $3,788.56 $676,238.76
170 $676,238.76 $2,400.05 $0.00 $3,823.55 $682,462.36
171 $682,462.36 $2,400.05 $0.00 $3,858.74 $688,721.15
172 $688,721.15 $2,400.05 $0.00 $3,894.13 $695,015.33
173 $695,015.33 $2,400.05 $0.00 $3,929.72 $701,345.10
174 $701,345.10 $2,400.05 $0.00 $3,965.51 $707,710.66
175 $707,710.66 $2,400.05 $0.00 $4,001.50 $714,112.21
176 $714,112.21 $2,400.05 $0.00 $4,037.69 $720,549.95
177 $720,549.95 $2,400.05 $0.00 $4,074.09 $727,024.09
178 $727,024.09 $2,400.05 $0.00 $4,110.70 $733,534.84
179 $733,534.84 $2,400.05 $0.00 $4,147.51 $740,082.40
180 $740,082.40 $2,400.05 $0.00 $4,184.53 $746,666.98
181 $746,666.98 $2,400.05 $0.00 $4,221.76 $753,288.79
182 $753,288.79 $2,400.05 $0.00 $4,259.20 $759,948.04
183 $759,948.04 $2,400.05 $0.00 $4,296.86 $766,644.95
184 $766,644.95 $2,400.05 $0.00 $4,334.72 $773,379.72
185 $773,379.72 $2,400.05 $0.00 $4,372.80 $780,152.57
186 $780,152.57 $2,400.05 $0.00 $4,411.10 $786,963.72
187 $786,963.72 $2,400.05 $0.00 $4,449.61 $793,813.38
188 $793,813.38 $2,400.05 $0.00 $4,488.34 $800,701.77
189 $800,701.77 $2,400.05 $0.00 $4,527.28 $807,629.10
190 $807,629.10 $2,400.05 $0.00 $4,566.45 $814,595.60
191 $814,595.60 $2,400.05 $0.00 $4,605.84 $821,601.49
192 $821,601.49 $2,400.05 $0.00 $4,645.45 $828,646.99
193 $828,646.99 $2,400.05 $0.00 $4,685.29 $835,732.33
194 $835,732.33 $2,400.05 $0.00 $4,725.35 $842,857.73
195 $842,857.73 $2,400.05 $0.00 $4,765.64 $850,023.42
196 $850,023.42 $2,400.05 $0.00 $4,806.16 $857,229.63
197 $857,229.63 $2,400.05 $0.00 $4,846.90 $864,476.58
198 $864,476.58 $2,400.05 $0.00 $4,887.88 $871,764.51
199 $871,764.51 $2,400.05 $0.00 $4,929.08 $879,093.64
200 $879,093.64 $2,400.05 $0.00 $4,970.52 $886,464.21
201 $886,464.21 $2,400.05 $0.00 $5,012.20 $893,876.46
202 $893,876.46 $2,400.05 $0.00 $5,054.11 $901,330.62
203 $901,330.62 $2,400.05 $0.00 $5,096.25 $908,826.92
204 $908,826.92 $2,400.05 $0.00 $5,138.64 $916,365.61
205 $916,365.61 $2,400.05 $0.00 $5,181.26 $923,946.92
206 $923,946.92 $2,400.05 $0.00 $5,224.13 $931,571.10
207 $931,571.10 $2,400.05 $0.00 $5,267.24 $939,238.39
208 $939,238.39 $2,400.05 $0.00 $5,310.59 $946,949.03
209 $946,949.03 $2,400.05 $0.00 $5,354.19 $954,703.27
210 $954,703.27 $2,400.05 $0.00 $5,398.03 $962,501.35
211 $962,501.35 $2,400.05 $0.00 $5,442.12 $970,343.52
212 $970,343.52 $2,400.05 $0.00 $5,486.46 $978,230.03
213 $978,230.03 $2,400.05 $0.00 $5,531.05 $986,161.13
214 $986,161.13 $2,400.05 $0.00 $5,575.90 $994,137.08
215 $994,137.08 $2,400.05 $0.00 $5,621.00 $1,002,158.13
216 $1,002,158.13 $2,400.05 $0.00 $5,666.35 $1,010,224.53
217 $1,010,224.53 $2,400.05 $273,588.62 $5,711.96 $744,747.92
218 $744,747.92 $2,400.05 $0.00 $4,210.91 $751,358.88
219 $751,358.88 $2,400.05 $0.00 $4,248.29 $758,007.22
220 $758,007.22 $2,400.05 $0.00 $4,285.88 $764,693.15
221 $764,693.15 $2,400.05 $0.00 $4,323.69 $771,416.89
222 $771,416.89 $2,400.05 $0.00 $4,361.70 $778,178.64
223 $778,178.64 $2,400.05 $0.00 $4,399.94 $784,978.63
224 $784,978.63 $2,400.05 $0.00 $4,438.38 $791,817.06
225 $791,817.06 $2,400.05 $0.00 $4,477.05 $798,694.16
226 $798,694.16 $2,400.05 $0.00 $4,515.93 $805,610.14
227 $805,610.14 $2,400.05 $0.00 $4,555.04 $812,565.23
228 $812,565.23 $2,400.05 $0.00 $4,594.36 $819,559.64
229 $819,559.64 $2,400.05 $292,739.82 $4,633.91 $533,853.78
230 $533,853.78 $2,400.05 $0.00 $3,018.49 $539,272.32
231 $539,272.32 $2,400.05 $0.00 $3,049.12 $544,721.49
232 $544,721.49 $2,400.05 $0.00 $3,079.93 $550,201.47
233 $550,201.47 $2,400.05 $0.00 $3,110.92 $555,712.44
234 $555,712.44 $2,400.05 $0.00 $3,142.08 $561,254.57
235 $561,254.57 $2,400.05 $0.00 $3,173.41 $566,828.03
236 $566,828.03 $2,400.05 $0.00 $3,204.93 $572,433.01
237 $572,433.01 $2,400.05 $0.00 $3,236.62 $578,069.68
238 $578,069.68 $2,400.05 $0.00 $3,268.49 $583,738.22
239 $583,738.22 $2,400.05 $0.00 $3,300.54 $589,438.81
240 $589,438.81 $2,400.05 $0.00 $3,332.77 $595,171.63
241 $595,171.63 $2,400.05 $313,231.61 $3,365.19 $287,705.26
242 $287,705.26 $2,400.05 $0.00 $1,626.73 $291,732.04
243 $291,732.04 $2,400.05 $0.00 $1,649.50 $295,781.59
244 $295,781.59 $2,400.05 $0.00 $1,672.39 $299,854.03
245 $299,854.03 $2,400.05 $0.00 $1,695.42 $303,949.50
246 $303,949.50 $2,400.05 $0.00 $1,718.57 $308,068.12
247 $308,068.12 $2,400.05 $0.00 $1,741.86 $312,210.03
248 $312,210.03 $2,400.05 $0.00 $1,765.28 $316,375.36
249 $316,375.36 $2,400.05 $0.00 $1,788.83 $320,564.24
250 $320,564.24 $2,400.05 $0.00 $1,812.52 $324,776.81
251 $324,776.81 $2,400.05 $0.00 $1,836.34 $329,013.20
252 $329,013.20 $2,400.05 $0.00 $1,860.29 $333,273.54
253 $333,273.54 $0.00 $335,157.82 $1,884.38 $0.10