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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$98,941
Monthly savings required$783

How much will it cost to send your child to Clark Atlanta University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $395,764.95 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $783.20 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$38,154.00
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 $783.20 $0.00 $0.00 $783.20
2 $783.20 $783.20 $0.00 $4.43 $1,570.83
3 $1,570.83 $783.20 $0.00 $8.88 $2,362.91
4 $2,362.91 $783.20 $0.00 $13.36 $3,159.47
5 $3,159.47 $783.20 $0.00 $17.86 $3,960.53
6 $3,960.53 $783.20 $0.00 $22.39 $4,766.12
7 $4,766.12 $783.20 $0.00 $26.95 $5,576.27
8 $5,576.27 $783.20 $0.00 $31.53 $6,391.00
9 $6,391.00 $783.20 $0.00 $36.14 $7,210.34
10 $7,210.34 $783.20 $0.00 $40.77 $8,034.31
11 $8,034.31 $783.20 $0.00 $45.43 $8,862.94
12 $8,862.94 $783.20 $0.00 $50.11 $9,696.25
13 $9,696.25 $783.20 $0.00 $54.82 $10,534.27
14 $10,534.27 $783.20 $0.00 $59.56 $11,377.03
15 $11,377.03 $783.20 $0.00 $64.33 $12,224.56
16 $12,224.56 $783.20 $0.00 $69.12 $13,076.88
17 $13,076.88 $783.20 $0.00 $73.94 $13,934.02
18 $13,934.02 $783.20 $0.00 $78.78 $14,796.00
19 $14,796.00 $783.20 $0.00 $83.66 $15,662.86
20 $15,662.86 $783.20 $0.00 $88.56 $16,534.62
21 $16,534.62 $783.20 $0.00 $93.49 $17,411.31
22 $17,411.31 $783.20 $0.00 $98.45 $18,292.96
23 $18,292.96 $783.20 $0.00 $103.43 $19,179.59
24 $19,179.59 $783.20 $0.00 $108.44 $20,071.23
25 $20,071.23 $783.20 $0.00 $113.49 $20,967.92
26 $20,967.92 $783.20 $0.00 $118.56 $21,869.68
27 $21,869.68 $783.20 $0.00 $123.65 $22,776.53
28 $22,776.53 $783.20 $0.00 $128.78 $23,688.51
29 $23,688.51 $783.20 $0.00 $133.94 $24,605.65
30 $24,605.65 $783.20 $0.00 $139.12 $25,527.97
31 $25,527.97 $783.20 $0.00 $144.34 $26,455.51
32 $26,455.51 $783.20 $0.00 $149.58 $27,388.29
33 $27,388.29 $783.20 $0.00 $154.86 $28,326.35
34 $28,326.35 $783.20 $0.00 $160.16 $29,269.71
35 $29,269.71 $783.20 $0.00 $165.50 $30,218.41
36 $30,218.41 $783.20 $0.00 $170.86 $31,172.47
37 $31,172.47 $783.20 $0.00 $176.25 $32,131.92
38 $32,131.92 $783.20 $0.00 $181.68 $33,096.80
39 $33,096.80 $783.20 $0.00 $187.13 $34,067.13
40 $34,067.13 $783.20 $0.00 $192.62 $35,042.95
41 $35,042.95 $783.20 $0.00 $198.14 $36,024.29
42 $36,024.29 $783.20 $0.00 $203.69 $37,011.18
43 $37,011.18 $783.20 $0.00 $209.27 $38,003.65
44 $38,003.65 $783.20 $0.00 $214.88 $39,001.73
45 $39,001.73 $783.20 $0.00 $220.52 $40,005.45
46 $40,005.45 $783.20 $0.00 $226.20 $41,014.85
47 $41,014.85 $783.20 $0.00 $231.90 $42,029.95
48 $42,029.95 $783.20 $0.00 $237.64 $43,050.79
49 $43,050.79 $783.20 $0.00 $243.42 $44,077.41
50 $44,077.41 $783.20 $0.00 $249.22 $45,109.83
51 $45,109.83 $783.20 $0.00 $255.06 $46,148.09
52 $46,148.09 $783.20 $0.00 $260.93 $47,192.22
53 $47,192.22 $783.20 $0.00 $266.83 $48,242.25
54 $48,242.25 $783.20 $0.00 $272.77 $49,298.22
55 $49,298.22 $783.20 $0.00 $278.74 $50,360.16
56 $50,360.16 $783.20 $0.00 $284.74 $51,428.10
57 $51,428.10 $783.20 $0.00 $290.78 $52,502.08
58 $52,502.08 $783.20 $0.00 $296.85 $53,582.13
59 $53,582.13 $783.20 $0.00 $302.96 $54,668.29
60 $54,668.29 $783.20 $0.00 $309.10 $55,760.59
61 $55,760.59 $783.20 $0.00 $315.28 $56,859.07
62 $56,859.07 $783.20 $0.00 $321.49 $57,963.76
63 $57,963.76 $783.20 $0.00 $327.74 $59,074.70
64 $59,074.70 $783.20 $0.00 $334.02 $60,191.92
65 $60,191.92 $783.20 $0.00 $340.33 $61,315.45
66 $61,315.45 $783.20 $0.00 $346.69 $62,445.34
67 $62,445.34 $783.20 $0.00 $353.08 $63,581.62
68 $63,581.62 $783.20 $0.00 $359.50 $64,724.32
69 $64,724.32 $783.20 $0.00 $365.96 $65,873.48
70 $65,873.48 $783.20 $0.00 $372.46 $67,029.14
71 $67,029.14 $783.20 $0.00 $378.99 $68,191.33
72 $68,191.33 $783.20 $0.00 $385.56 $69,360.09
73 $69,360.09 $783.20 $0.00 $392.17 $70,535.46
74 $70,535.46 $783.20 $0.00 $398.82 $71,717.48
75 $71,717.48 $783.20 $0.00 $405.50 $72,906.18
76 $72,906.18 $783.20 $0.00 $412.22 $74,101.60
77 $74,101.60 $783.20 $0.00 $418.98 $75,303.78
78 $75,303.78 $783.20 $0.00 $425.78 $76,512.76
79 $76,512.76 $783.20 $0.00 $432.61 $77,728.57
80 $77,728.57 $783.20 $0.00 $439.49 $78,951.26
81 $78,951.26 $783.20 $0.00 $446.40 $80,180.86
82 $80,180.86 $783.20 $0.00 $453.35 $81,417.41
83 $81,417.41 $783.20 $0.00 $460.35 $82,660.96
84 $82,660.96 $783.20 $0.00 $467.38 $83,911.54
85 $83,911.54 $783.20 $0.00 $474.45 $85,169.19
86 $85,169.19 $783.20 $0.00 $481.56 $86,433.95
87 $86,433.95 $783.20 $0.00 $488.71 $87,705.86
88 $87,705.86 $783.20 $0.00 $495.90 $88,984.96
89 $88,984.96 $783.20 $0.00 $503.13 $90,271.29
90 $90,271.29 $783.20 $0.00 $510.41 $91,564.90
91 $91,564.90 $783.20 $0.00 $517.72 $92,865.82
92 $92,865.82 $783.20 $0.00 $525.08 $94,174.10
93 $94,174.10 $783.20 $0.00 $532.47 $95,489.77
94 $95,489.77 $783.20 $0.00 $539.91 $96,812.88
95 $96,812.88 $783.20 $0.00 $547.39 $98,143.47
96 $98,143.47 $783.20 $0.00 $554.92 $99,481.59
97 $99,481.59 $783.20 $0.00 $562.48 $100,827.27
98 $100,827.27 $783.20 $0.00 $570.09 $102,180.56
99 $102,180.56 $783.20 $0.00 $577.74 $103,541.50
100 $103,541.50 $783.20 $0.00 $585.44 $104,910.14
101 $104,910.14 $783.20 $0.00 $593.18 $106,286.52
102 $106,286.52 $783.20 $0.00 $600.96 $107,670.68
103 $107,670.68 $783.20 $0.00 $608.79 $109,062.67
104 $109,062.67 $783.20 $0.00 $616.66 $110,462.53
105 $110,462.53 $783.20 $0.00 $624.57 $111,870.30
106 $111,870.30 $783.20 $0.00 $632.53 $113,286.03
107 $113,286.03 $783.20 $0.00 $640.54 $114,709.77
108 $114,709.77 $783.20 $0.00 $648.59 $116,141.56
109 $116,141.56 $783.20 $0.00 $656.68 $117,581.44
110 $117,581.44 $783.20 $0.00 $664.82 $119,029.46
111 $119,029.46 $783.20 $0.00 $673.01 $120,485.67
112 $120,485.67 $783.20 $0.00 $681.24 $121,950.11
113 $121,950.11 $783.20 $0.00 $689.52 $123,422.83
114 $123,422.83 $783.20 $0.00 $697.85 $124,903.88
115 $124,903.88 $783.20 $0.00 $706.22 $126,393.30
116 $126,393.30 $783.20 $0.00 $714.65 $127,891.15
117 $127,891.15 $783.20 $0.00 $723.12 $129,397.47
118 $129,397.47 $783.20 $0.00 $731.63 $130,912.30
119 $130,912.30 $783.20 $0.00 $740.20 $132,435.70
120 $132,435.70 $783.20 $0.00 $748.81 $133,967.71
121 $133,967.71 $783.20 $0.00 $757.47 $135,508.38
122 $135,508.38 $783.20 $0.00 $766.18 $137,057.76
123 $137,057.76 $783.20 $0.00 $774.94 $138,615.90
124 $138,615.90 $783.20 $0.00 $783.75 $140,182.85
125 $140,182.85 $783.20 $0.00 $792.61 $141,758.66
126 $141,758.66 $783.20 $0.00 $801.52 $143,343.38
127 $143,343.38 $783.20 $0.00 $810.48 $144,937.06
128 $144,937.06 $783.20 $0.00 $819.50 $146,539.76
129 $146,539.76 $783.20 $0.00 $828.56 $148,151.52
130 $148,151.52 $783.20 $0.00 $837.67 $149,772.39
131 $149,772.39 $783.20 $0.00 $846.83 $151,402.42
132 $151,402.42 $783.20 $0.00 $856.05 $153,041.67
133 $153,041.67 $783.20 $0.00 $865.32 $154,690.19
134 $154,690.19 $783.20 $0.00 $874.64 $156,348.03
135 $156,348.03 $783.20 $0.00 $884.01 $158,015.24
136 $158,015.24 $783.20 $0.00 $893.44 $159,691.88
137 $159,691.88 $783.20 $0.00 $902.92 $161,378.00
138 $161,378.00 $783.20 $0.00 $912.45 $163,073.65
139 $163,073.65 $783.20 $0.00 $922.04 $164,778.89
140 $164,778.89 $783.20 $0.00 $931.68 $166,493.77
141 $166,493.77 $783.20 $0.00 $941.38 $168,218.35
142 $168,218.35 $783.20 $0.00 $951.13 $169,952.68
143 $169,952.68 $783.20 $0.00 $960.94 $171,696.82
144 $171,696.82 $783.20 $0.00 $970.80 $173,450.82
145 $173,450.82 $783.20 $0.00 $980.72 $175,214.74
146 $175,214.74 $783.20 $0.00 $990.69 $176,988.63
147 $176,988.63 $783.20 $0.00 $1,000.72 $178,772.55
148 $178,772.55 $783.20 $0.00 $1,010.81 $180,566.56
149 $180,566.56 $783.20 $0.00 $1,020.95 $182,370.71
150 $182,370.71 $783.20 $0.00 $1,031.15 $184,185.06
151 $184,185.06 $783.20 $0.00 $1,041.41 $186,009.67
152 $186,009.67 $783.20 $0.00 $1,051.73 $187,844.60
153 $187,844.60 $783.20 $0.00 $1,062.10 $189,689.90
154 $189,689.90 $783.20 $0.00 $1,072.53 $191,545.63
155 $191,545.63 $783.20 $0.00 $1,083.03 $193,411.86
156 $193,411.86 $783.20 $0.00 $1,093.58 $195,288.64
157 $195,288.64 $783.20 $0.00 $1,104.19 $197,176.03
158 $197,176.03 $783.20 $0.00 $1,114.86 $199,074.09
159 $199,074.09 $783.20 $0.00 $1,125.59 $200,982.88
160 $200,982.88 $783.20 $0.00 $1,136.39 $202,902.47
161 $202,902.47 $783.20 $0.00 $1,147.24 $204,832.91
162 $204,832.91 $783.20 $0.00 $1,158.16 $206,774.27
163 $206,774.27 $783.20 $0.00 $1,169.13 $208,726.60
164 $208,726.60 $783.20 $0.00 $1,180.17 $210,689.97
165 $210,689.97 $783.20 $0.00 $1,191.27 $212,664.44
166 $212,664.44 $783.20 $0.00 $1,202.44 $214,650.08
167 $214,650.08 $783.20 $0.00 $1,213.66 $216,646.94
168 $216,646.94 $783.20 $0.00 $1,224.95 $218,655.09
169 $218,655.09 $783.20 $0.00 $1,236.31 $220,674.60
170 $220,674.60 $783.20 $0.00 $1,247.73 $222,705.53
171 $222,705.53 $783.20 $0.00 $1,259.21 $224,747.94
172 $224,747.94 $783.20 $0.00 $1,270.76 $226,801.90
173 $226,801.90 $783.20 $0.00 $1,282.37 $228,867.47
174 $228,867.47 $783.20 $0.00 $1,294.05 $230,944.72
175 $230,944.72 $783.20 $0.00 $1,305.80 $233,033.72
176 $233,033.72 $783.20 $0.00 $1,317.61 $235,134.53
177 $235,134.53 $783.20 $0.00 $1,329.48 $237,247.21
178 $237,247.21 $783.20 $0.00 $1,341.43 $239,371.84
179 $239,371.84 $783.20 $0.00 $1,353.44 $241,508.48
180 $241,508.48 $783.20 $0.00 $1,365.52 $243,657.20
181 $243,657.20 $783.20 $0.00 $1,377.67 $245,818.07
182 $245,818.07 $783.20 $0.00 $1,389.89 $247,991.16
183 $247,991.16 $783.20 $0.00 $1,402.18 $250,176.54
184 $250,176.54 $783.20 $0.00 $1,414.53 $252,374.27
185 $252,374.27 $783.20 $0.00 $1,426.96 $254,584.43
186 $254,584.43 $783.20 $0.00 $1,439.46 $256,807.09
187 $256,807.09 $783.20 $0.00 $1,452.02 $259,042.31
188 $259,042.31 $783.20 $0.00 $1,464.66 $261,290.17
189 $261,290.17 $783.20 $0.00 $1,477.37 $263,550.74
190 $263,550.74 $783.20 $0.00 $1,490.15 $265,824.09
191 $265,824.09 $783.20 $0.00 $1,503.01 $268,110.30
192 $268,110.30 $783.20 $0.00 $1,515.93 $270,409.43
193 $270,409.43 $783.20 $0.00 $1,528.93 $272,721.56
194 $272,721.56 $783.20 $0.00 $1,542.01 $275,046.77
195 $275,046.77 $783.20 $0.00 $1,555.15 $277,385.12
196 $277,385.12 $783.20 $0.00 $1,568.38 $279,736.70
197 $279,736.70 $783.20 $0.00 $1,581.67 $282,101.57
198 $282,101.57 $783.20 $0.00 $1,595.04 $284,479.81
199 $284,479.81 $783.20 $0.00 $1,608.49 $286,871.50
200 $286,871.50 $783.20 $0.00 $1,622.01 $289,276.71
201 $289,276.71 $783.20 $0.00 $1,635.61 $291,695.52
202 $291,695.52 $783.20 $0.00 $1,649.29 $294,128.01
203 $294,128.01 $783.20 $0.00 $1,663.04 $296,574.25
204 $296,574.25 $783.20 $0.00 $1,676.87 $299,034.32
205 $299,034.32 $783.20 $0.00 $1,690.78 $301,508.30
206 $301,508.30 $783.20 $0.00 $1,704.77 $303,996.27
207 $303,996.27 $783.20 $0.00 $1,718.84 $306,498.31
208 $306,498.31 $783.20 $0.00 $1,732.99 $309,014.50
209 $309,014.50 $783.20 $0.00 $1,747.21 $311,544.91
210 $311,544.91 $783.20 $0.00 $1,761.52 $314,089.63
211 $314,089.63 $783.20 $0.00 $1,775.91 $316,648.74
212 $316,648.74 $783.20 $0.00 $1,790.38 $319,222.32
213 $319,222.32 $783.20 $0.00 $1,804.93 $321,810.45
214 $321,810.45 $783.20 $0.00 $1,819.56 $324,413.21
215 $324,413.21 $783.20 $0.00 $1,834.28 $327,030.69
216 $327,030.69 $783.20 $0.00 $1,849.08 $329,662.97
217 $329,662.97 $783.20 $91,822.15 $1,863.96 $240,487.98
218 $240,487.98 $783.20 $0.00 $1,359.75 $242,630.93
219 $242,630.93 $783.20 $0.00 $1,371.87 $244,786.00
220 $244,786.00 $783.20 $0.00 $1,384.06 $246,953.26
221 $246,953.26 $783.20 $0.00 $1,396.31 $249,132.77
222 $249,132.77 $783.20 $0.00 $1,408.63 $251,324.60
223 $251,324.60 $783.20 $0.00 $1,421.03 $253,528.83
224 $253,528.83 $783.20 $0.00 $1,433.49 $255,745.52
225 $255,745.52 $783.20 $0.00 $1,446.02 $257,974.74
226 $257,974.74 $783.20 $0.00 $1,458.63 $260,216.57
227 $260,216.57 $783.20 $0.00 $1,471.30 $262,471.07
228 $262,471.07 $783.20 $0.00 $1,484.05 $264,738.32
229 $264,738.32 $783.20 $96,413.26 $1,496.87 $170,605.13
230 $170,605.13 $783.20 $0.00 $964.63 $172,352.96
231 $172,352.96 $783.20 $0.00 $974.51 $174,110.67
232 $174,110.67 $783.20 $0.00 $984.45 $175,878.32
233 $175,878.32 $783.20 $0.00 $994.44 $177,655.96
234 $177,655.96 $783.20 $0.00 $1,004.49 $179,443.65
235 $179,443.65 $783.20 $0.00 $1,014.60 $181,241.45
236 $181,241.45 $783.20 $0.00 $1,024.77 $183,049.42
237 $183,049.42 $783.20 $0.00 $1,034.99 $184,867.61
238 $184,867.61 $783.20 $0.00 $1,045.27 $186,696.08
239 $186,696.08 $783.20 $0.00 $1,055.61 $188,534.89
240 $188,534.89 $783.20 $0.00 $1,066.00 $190,384.09
241 $190,384.09 $783.20 $101,233.92 $1,076.46 $91,009.83
242 $91,009.83 $783.20 $0.00 $514.58 $92,307.61
243 $92,307.61 $783.20 $0.00 $521.92 $93,612.73
244 $93,612.73 $783.20 $0.00 $529.30 $94,925.23
245 $94,925.23 $783.20 $0.00 $536.72 $96,245.15
246 $96,245.15 $783.20 $0.00 $544.18 $97,572.53
247 $97,572.53 $783.20 $0.00 $551.69 $98,907.42
248 $98,907.42 $783.20 $0.00 $559.24 $100,249.86
249 $100,249.86 $783.20 $0.00 $566.83 $101,599.89
250 $101,599.89 $783.20 $0.00 $574.46 $102,957.55
251 $102,957.55 $783.20 $0.00 $582.14 $104,322.89
252 $104,322.89 $783.20 $0.00 $589.86 $105,695.95
253 $105,695.95 $0.00 $106,295.62 $597.62 ($2.05)