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 2041$203,139
Monthly savings required$1,608

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 $812,555.62 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,608.02 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$78,335.00
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 $1,608.02 $0.00 $0.00 $1,608.02
2 $1,608.02 $1,608.02 $0.00 $9.09 $3,225.13
3 $3,225.13 $1,608.02 $0.00 $18.24 $4,851.39
4 $4,851.39 $1,608.02 $0.00 $27.43 $6,486.84
5 $6,486.84 $1,608.02 $0.00 $36.68 $8,131.54
6 $8,131.54 $1,608.02 $0.00 $45.98 $9,785.54
7 $9,785.54 $1,608.02 $0.00 $55.33 $11,448.89
8 $11,448.89 $1,608.02 $0.00 $64.73 $13,121.64
9 $13,121.64 $1,608.02 $0.00 $74.19 $14,803.85
10 $14,803.85 $1,608.02 $0.00 $83.70 $16,495.57
11 $16,495.57 $1,608.02 $0.00 $93.27 $18,196.86
12 $18,196.86 $1,608.02 $0.00 $102.89 $19,907.77
13 $19,907.77 $1,608.02 $0.00 $112.56 $21,628.35
14 $21,628.35 $1,608.02 $0.00 $122.29 $23,358.66
15 $23,358.66 $1,608.02 $0.00 $132.07 $25,098.75
16 $25,098.75 $1,608.02 $0.00 $141.91 $26,848.68
17 $26,848.68 $1,608.02 $0.00 $151.81 $28,608.51
18 $28,608.51 $1,608.02 $0.00 $161.76 $30,378.29
19 $30,378.29 $1,608.02 $0.00 $171.76 $32,158.07
20 $32,158.07 $1,608.02 $0.00 $181.83 $33,947.92
21 $33,947.92 $1,608.02 $0.00 $191.95 $35,747.89
22 $35,747.89 $1,608.02 $0.00 $202.12 $37,558.03
23 $37,558.03 $1,608.02 $0.00 $212.36 $39,378.41
24 $39,378.41 $1,608.02 $0.00 $222.65 $41,209.08
25 $41,209.08 $1,608.02 $0.00 $233.00 $43,050.10
26 $43,050.10 $1,608.02 $0.00 $243.41 $44,901.53
27 $44,901.53 $1,608.02 $0.00 $253.88 $46,763.43
28 $46,763.43 $1,608.02 $0.00 $264.41 $48,635.86
29 $48,635.86 $1,608.02 $0.00 $274.99 $50,518.87
30 $50,518.87 $1,608.02 $0.00 $285.64 $52,412.53
31 $52,412.53 $1,608.02 $0.00 $296.35 $54,316.90
32 $54,316.90 $1,608.02 $0.00 $307.12 $56,232.04
33 $56,232.04 $1,608.02 $0.00 $317.94 $58,158.00
34 $58,158.00 $1,608.02 $0.00 $328.83 $60,094.85
35 $60,094.85 $1,608.02 $0.00 $339.79 $62,042.66
36 $62,042.66 $1,608.02 $0.00 $350.80 $64,001.48
37 $64,001.48 $1,608.02 $0.00 $361.87 $65,971.37
38 $65,971.37 $1,608.02 $0.00 $373.01 $67,952.40
39 $67,952.40 $1,608.02 $0.00 $384.21 $69,944.63
40 $69,944.63 $1,608.02 $0.00 $395.48 $71,948.13
41 $71,948.13 $1,608.02 $0.00 $406.81 $73,962.96
42 $73,962.96 $1,608.02 $0.00 $418.20 $75,989.18
43 $75,989.18 $1,608.02 $0.00 $429.65 $78,026.85
44 $78,026.85 $1,608.02 $0.00 $441.18 $80,076.05
45 $80,076.05 $1,608.02 $0.00 $452.76 $82,136.83
46 $82,136.83 $1,608.02 $0.00 $464.41 $84,209.26
47 $84,209.26 $1,608.02 $0.00 $476.13 $86,293.41
48 $86,293.41 $1,608.02 $0.00 $487.92 $88,389.35
49 $88,389.35 $1,608.02 $0.00 $499.77 $90,497.14
50 $90,497.14 $1,608.02 $0.00 $511.68 $92,616.84
51 $92,616.84 $1,608.02 $0.00 $523.67 $94,748.53
52 $94,748.53 $1,608.02 $0.00 $535.72 $96,892.27
53 $96,892.27 $1,608.02 $0.00 $547.84 $99,048.13
54 $99,048.13 $1,608.02 $0.00 $560.03 $101,216.18
55 $101,216.18 $1,608.02 $0.00 $572.29 $103,396.49
56 $103,396.49 $1,608.02 $0.00 $584.62 $105,589.13
57 $105,589.13 $1,608.02 $0.00 $597.02 $107,794.17
58 $107,794.17 $1,608.02 $0.00 $609.48 $110,011.67
59 $110,011.67 $1,608.02 $0.00 $622.02 $112,241.71
60 $112,241.71 $1,608.02 $0.00 $634.63 $114,484.36
61 $114,484.36 $1,608.02 $0.00 $647.31 $116,739.69
62 $116,739.69 $1,608.02 $0.00 $660.06 $119,007.77
63 $119,007.77 $1,608.02 $0.00 $672.89 $121,288.68
64 $121,288.68 $1,608.02 $0.00 $685.78 $123,582.48
65 $123,582.48 $1,608.02 $0.00 $698.75 $125,889.25
66 $125,889.25 $1,608.02 $0.00 $711.80 $128,209.07
67 $128,209.07 $1,608.02 $0.00 $724.91 $130,542.00
68 $130,542.00 $1,608.02 $0.00 $738.10 $132,888.12
69 $132,888.12 $1,608.02 $0.00 $751.37 $135,247.51
70 $135,247.51 $1,608.02 $0.00 $764.71 $137,620.24
71 $137,620.24 $1,608.02 $0.00 $778.12 $140,006.38
72 $140,006.38 $1,608.02 $0.00 $791.62 $142,406.02
73 $142,406.02 $1,608.02 $0.00 $805.18 $144,819.22
74 $144,819.22 $1,608.02 $0.00 $818.83 $147,246.07
75 $147,246.07 $1,608.02 $0.00 $832.55 $149,686.64
76 $149,686.64 $1,608.02 $0.00 $846.35 $152,141.01
77 $152,141.01 $1,608.02 $0.00 $860.23 $154,609.26
78 $154,609.26 $1,608.02 $0.00 $874.18 $157,091.46
79 $157,091.46 $1,608.02 $0.00 $888.22 $159,587.70
80 $159,587.70 $1,608.02 $0.00 $902.33 $162,098.05
81 $162,098.05 $1,608.02 $0.00 $916.53 $164,622.60
82 $164,622.60 $1,608.02 $0.00 $930.80 $167,161.42
83 $167,161.42 $1,608.02 $0.00 $945.15 $169,714.59
84 $169,714.59 $1,608.02 $0.00 $959.59 $172,282.20
85 $172,282.20 $1,608.02 $0.00 $974.11 $174,864.33
86 $174,864.33 $1,608.02 $0.00 $988.71 $177,461.06
87 $177,461.06 $1,608.02 $0.00 $1,003.39 $180,072.47
88 $180,072.47 $1,608.02 $0.00 $1,018.16 $182,698.65
89 $182,698.65 $1,608.02 $0.00 $1,033.00 $185,339.67
90 $185,339.67 $1,608.02 $0.00 $1,047.94 $187,995.63
91 $187,995.63 $1,608.02 $0.00 $1,062.95 $190,666.60
92 $190,666.60 $1,608.02 $0.00 $1,078.06 $193,352.68
93 $193,352.68 $1,608.02 $0.00 $1,093.24 $196,053.94
94 $196,053.94 $1,608.02 $0.00 $1,108.52 $198,770.48
95 $198,770.48 $1,608.02 $0.00 $1,123.88 $201,502.38
96 $201,502.38 $1,608.02 $0.00 $1,139.32 $204,249.72
97 $204,249.72 $1,608.02 $0.00 $1,154.86 $207,012.60
98 $207,012.60 $1,608.02 $0.00 $1,170.48 $209,791.10
99 $209,791.10 $1,608.02 $0.00 $1,186.19 $212,585.31
100 $212,585.31 $1,608.02 $0.00 $1,201.99 $215,395.32
101 $215,395.32 $1,608.02 $0.00 $1,217.88 $218,221.22
102 $218,221.22 $1,608.02 $0.00 $1,233.85 $221,063.09
103 $221,063.09 $1,608.02 $0.00 $1,249.92 $223,921.03
104 $223,921.03 $1,608.02 $0.00 $1,266.08 $226,795.13
105 $226,795.13 $1,608.02 $0.00 $1,282.33 $229,685.48
106 $229,685.48 $1,608.02 $0.00 $1,298.68 $232,592.18
107 $232,592.18 $1,608.02 $0.00 $1,315.11 $235,515.31
108 $235,515.31 $1,608.02 $0.00 $1,331.64 $238,454.97
109 $238,454.97 $1,608.02 $0.00 $1,348.26 $241,411.25
110 $241,411.25 $1,608.02 $0.00 $1,364.97 $244,384.24
111 $244,384.24 $1,608.02 $0.00 $1,381.78 $247,374.04
112 $247,374.04 $1,608.02 $0.00 $1,398.69 $250,380.75
113 $250,380.75 $1,608.02 $0.00 $1,415.69 $253,404.46
114 $253,404.46 $1,608.02 $0.00 $1,432.79 $256,445.27
115 $256,445.27 $1,608.02 $0.00 $1,449.98 $259,503.27
116 $259,503.27 $1,608.02 $0.00 $1,467.27 $262,578.56
117 $262,578.56 $1,608.02 $0.00 $1,484.66 $265,671.24
118 $265,671.24 $1,608.02 $0.00 $1,502.14 $268,781.40
119 $268,781.40 $1,608.02 $0.00 $1,519.73 $271,909.15
120 $271,909.15 $1,608.02 $0.00 $1,537.41 $275,054.58
121 $275,054.58 $1,608.02 $0.00 $1,555.20 $278,217.80
122 $278,217.80 $1,608.02 $0.00 $1,573.08 $281,398.90
123 $281,398.90 $1,608.02 $0.00 $1,591.07 $284,597.99
124 $284,597.99 $1,608.02 $0.00 $1,609.16 $287,815.17
125 $287,815.17 $1,608.02 $0.00 $1,627.35 $291,050.54
126 $291,050.54 $1,608.02 $0.00 $1,645.64 $294,304.20
127 $294,304.20 $1,608.02 $0.00 $1,664.04 $297,576.26
128 $297,576.26 $1,608.02 $0.00 $1,682.54 $300,866.82
129 $300,866.82 $1,608.02 $0.00 $1,701.14 $304,175.98
130 $304,175.98 $1,608.02 $0.00 $1,719.86 $307,503.86
131 $307,503.86 $1,608.02 $0.00 $1,738.67 $310,850.55
132 $310,850.55 $1,608.02 $0.00 $1,757.59 $314,216.16
133 $314,216.16 $1,608.02 $0.00 $1,776.62 $317,600.80
134 $317,600.80 $1,608.02 $0.00 $1,795.76 $321,004.58
135 $321,004.58 $1,608.02 $0.00 $1,815.01 $324,427.61
136 $324,427.61 $1,608.02 $0.00 $1,834.36 $327,869.99
137 $327,869.99 $1,608.02 $0.00 $1,853.82 $331,331.83
138 $331,331.83 $1,608.02 $0.00 $1,873.40 $334,813.25
139 $334,813.25 $1,608.02 $0.00 $1,893.08 $338,314.35
140 $338,314.35 $1,608.02 $0.00 $1,912.88 $341,835.25
141 $341,835.25 $1,608.02 $0.00 $1,932.79 $345,376.06
142 $345,376.06 $1,608.02 $0.00 $1,952.81 $348,936.89
143 $348,936.89 $1,608.02 $0.00 $1,972.94 $352,517.85
144 $352,517.85 $1,608.02 $0.00 $1,993.19 $356,119.06
145 $356,119.06 $1,608.02 $0.00 $2,013.55 $359,740.63
146 $359,740.63 $1,608.02 $0.00 $2,034.03 $363,382.68
147 $363,382.68 $1,608.02 $0.00 $2,054.62 $367,045.32
148 $367,045.32 $1,608.02 $0.00 $2,075.33 $370,728.67
149 $370,728.67 $1,608.02 $0.00 $2,096.15 $374,432.84
150 $374,432.84 $1,608.02 $0.00 $2,117.10 $378,157.96
151 $378,157.96 $1,608.02 $0.00 $2,138.16 $381,904.14
152 $381,904.14 $1,608.02 $0.00 $2,159.34 $385,671.50
153 $385,671.50 $1,608.02 $0.00 $2,180.64 $389,460.16
154 $389,460.16 $1,608.02 $0.00 $2,202.06 $393,270.24
155 $393,270.24 $1,608.02 $0.00 $2,223.61 $397,101.87
156 $397,101.87 $1,608.02 $0.00 $2,245.27 $400,955.16
157 $400,955.16 $1,608.02 $0.00 $2,267.06 $404,830.24
158 $404,830.24 $1,608.02 $0.00 $2,288.97 $408,727.23
159 $408,727.23 $1,608.02 $0.00 $2,311.00 $412,646.25
160 $412,646.25 $1,608.02 $0.00 $2,333.16 $416,587.43
161 $416,587.43 $1,608.02 $0.00 $2,355.45 $420,550.90
162 $420,550.90 $1,608.02 $0.00 $2,377.86 $424,536.78
163 $424,536.78 $1,608.02 $0.00 $2,400.39 $428,545.19
164 $428,545.19 $1,608.02 $0.00 $2,423.06 $432,576.27
165 $432,576.27 $1,608.02 $0.00 $2,445.85 $436,630.14
166 $436,630.14 $1,608.02 $0.00 $2,468.77 $440,706.93
167 $440,706.93 $1,608.02 $0.00 $2,491.82 $444,806.77
168 $444,806.77 $1,608.02 $0.00 $2,515.00 $448,929.79
169 $448,929.79 $1,608.02 $0.00 $2,538.31 $453,076.12
170 $453,076.12 $1,608.02 $0.00 $2,561.76 $457,245.90
171 $457,245.90 $1,608.02 $0.00 $2,585.33 $461,439.25
172 $461,439.25 $1,608.02 $0.00 $2,609.04 $465,656.31
173 $465,656.31 $1,608.02 $0.00 $2,632.89 $469,897.22
174 $469,897.22 $1,608.02 $0.00 $2,656.87 $474,162.11
175 $474,162.11 $1,608.02 $0.00 $2,680.98 $478,451.11
176 $478,451.11 $1,608.02 $0.00 $2,705.23 $482,764.36
177 $482,764.36 $1,608.02 $0.00 $2,729.62 $487,102.00
178 $487,102.00 $1,608.02 $0.00 $2,754.15 $491,464.17
179 $491,464.17 $1,608.02 $0.00 $2,778.81 $495,851.00
180 $495,851.00 $1,608.02 $0.00 $2,803.61 $500,262.63
181 $500,262.63 $1,608.02 $0.00 $2,828.56 $504,699.21
182 $504,699.21 $1,608.02 $0.00 $2,853.64 $509,160.87
183 $509,160.87 $1,608.02 $0.00 $2,878.87 $513,647.76
184 $513,647.76 $1,608.02 $0.00 $2,904.24 $518,160.02
185 $518,160.02 $1,608.02 $0.00 $2,929.75 $522,697.79
186 $522,697.79 $1,608.02 $0.00 $2,955.41 $527,261.22
187 $527,261.22 $1,608.02 $0.00 $2,981.21 $531,850.45
188 $531,850.45 $1,608.02 $0.00 $3,007.16 $536,465.63
189 $536,465.63 $1,608.02 $0.00 $3,033.25 $541,106.90
190 $541,106.90 $1,608.02 $0.00 $3,059.50 $545,774.42
191 $545,774.42 $1,608.02 $0.00 $3,085.89 $550,468.33
192 $550,468.33 $1,608.02 $0.00 $3,112.43 $555,188.78
193 $555,188.78 $1,608.02 $0.00 $3,139.12 $559,935.92
194 $559,935.92 $1,608.02 $0.00 $3,165.96 $564,709.90
195 $564,709.90 $1,608.02 $0.00 $3,192.95 $569,510.87
196 $569,510.87 $1,608.02 $0.00 $3,220.10 $574,338.99
197 $574,338.99 $1,608.02 $0.00 $3,247.40 $579,194.41
198 $579,194.41 $1,608.02 $0.00 $3,274.85 $584,077.28
199 $584,077.28 $1,608.02 $0.00 $3,302.46 $588,987.76
200 $588,987.76 $1,608.02 $0.00 $3,330.22 $593,926.00
201 $593,926.00 $1,608.02 $0.00 $3,358.14 $598,892.16
202 $598,892.16 $1,608.02 $0.00 $3,386.22 $603,886.40
203 $603,886.40 $1,608.02 $0.00 $3,414.46 $608,908.88
204 $608,908.88 $1,608.02 $0.00 $3,442.86 $613,959.76
205 $613,959.76 $1,608.02 $0.00 $3,471.42 $619,039.20
206 $619,039.20 $1,608.02 $0.00 $3,500.14 $624,147.36
207 $624,147.36 $1,608.02 $0.00 $3,529.02 $629,284.40
208 $629,284.40 $1,608.02 $0.00 $3,558.07 $634,450.49
209 $634,450.49 $1,608.02 $0.00 $3,587.28 $639,645.79
210 $639,645.79 $1,608.02 $0.00 $3,616.65 $644,870.46
211 $644,870.46 $1,608.02 $0.00 $3,646.19 $650,124.67
212 $650,124.67 $1,608.02 $0.00 $3,675.90 $655,408.59
213 $655,408.59 $1,608.02 $0.00 $3,705.78 $660,722.39
214 $660,722.39 $1,608.02 $0.00 $3,735.82 $666,066.23
215 $666,066.23 $1,608.02 $0.00 $3,766.04 $671,440.29
216 $671,440.29 $1,608.02 $0.00 $3,796.42 $676,844.73
217 $676,844.73 $1,608.02 $188,522.52 $3,826.98 $493,757.21
218 $493,757.21 $1,608.02 $0.00 $2,791.78 $498,157.01
219 $498,157.01 $1,608.02 $0.00 $2,816.65 $502,581.68
220 $502,581.68 $1,608.02 $0.00 $2,841.67 $507,031.37
221 $507,031.37 $1,608.02 $0.00 $2,866.83 $511,506.22
222 $511,506.22 $1,608.02 $0.00 $2,892.13 $516,006.37
223 $516,006.37 $1,608.02 $0.00 $2,917.58 $520,531.97
224 $520,531.97 $1,608.02 $0.00 $2,943.16 $525,083.15
225 $525,083.15 $1,608.02 $0.00 $2,968.90 $529,660.07
226 $529,660.07 $1,608.02 $0.00 $2,994.78 $534,262.87
227 $534,262.87 $1,608.02 $0.00 $3,020.80 $538,891.69
228 $538,891.69 $1,608.02 $0.00 $3,046.97 $543,546.68
229 $543,546.68 $1,608.02 $197,948.64 $3,073.29 $350,279.35
230 $350,279.35 $1,608.02 $0.00 $1,980.53 $353,867.90
231 $353,867.90 $1,608.02 $0.00 $2,000.82 $357,476.74
232 $357,476.74 $1,608.02 $0.00 $2,021.23 $361,105.99
233 $361,105.99 $1,608.02 $0.00 $2,041.75 $364,755.76
234 $364,755.76 $1,608.02 $0.00 $2,062.38 $368,426.16
235 $368,426.16 $1,608.02 $0.00 $2,083.14 $372,117.32
236 $372,117.32 $1,608.02 $0.00 $2,104.01 $375,829.35
237 $375,829.35 $1,608.02 $0.00 $2,124.99 $379,562.36
238 $379,562.36 $1,608.02 $0.00 $2,146.10 $383,316.48
239 $383,316.48 $1,608.02 $0.00 $2,167.33 $387,091.83
240 $387,091.83 $1,608.02 $0.00 $2,188.67 $390,888.52
241 $390,888.52 $1,608.02 $207,846.08 $2,210.14 $186,860.60
242 $186,860.60 $1,608.02 $0.00 $1,056.54 $189,525.16
243 $189,525.16 $1,608.02 $0.00 $1,071.60 $192,204.78
244 $192,204.78 $1,608.02 $0.00 $1,086.75 $194,899.55
245 $194,899.55 $1,608.02 $0.00 $1,101.99 $197,609.56
246 $197,609.56 $1,608.02 $0.00 $1,117.31 $200,334.89
247 $200,334.89 $1,608.02 $0.00 $1,132.72 $203,075.63
248 $203,075.63 $1,608.02 $0.00 $1,148.22 $205,831.87
249 $205,831.87 $1,608.02 $0.00 $1,163.80 $208,603.69
250 $208,603.69 $1,608.02 $0.00 $1,179.48 $211,391.19
251 $211,391.19 $1,608.02 $0.00 $1,195.24 $214,194.45
252 $214,194.45 $1,608.02 $0.00 $1,211.09 $217,013.56
253 $217,013.56 $0.00 $218,238.38 $1,227.03 $2.21