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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$143,275
Monthly savings required$1,134

How much will it cost to send your child to Oglethorpe University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $573,098.84 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,134.14 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$55,250.00
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 $1,134.14 $0.00 $0.00 $1,134.14
2 $1,134.14 $1,134.14 $0.00 $6.41 $2,274.69
3 $2,274.69 $1,134.14 $0.00 $12.86 $3,421.69
4 $3,421.69 $1,134.14 $0.00 $19.35 $4,575.18
5 $4,575.18 $1,134.14 $0.00 $25.87 $5,735.19
6 $5,735.19 $1,134.14 $0.00 $32.43 $6,901.76
7 $6,901.76 $1,134.14 $0.00 $39.02 $8,074.92
8 $8,074.92 $1,134.14 $0.00 $45.66 $9,254.72
9 $9,254.72 $1,134.14 $0.00 $52.33 $10,441.19
10 $10,441.19 $1,134.14 $0.00 $59.04 $11,634.37
11 $11,634.37 $1,134.14 $0.00 $65.78 $12,834.29
12 $12,834.29 $1,134.14 $0.00 $72.57 $14,041.00
13 $14,041.00 $1,134.14 $0.00 $79.39 $15,254.53
14 $15,254.53 $1,134.14 $0.00 $86.25 $16,474.92
15 $16,474.92 $1,134.14 $0.00 $93.15 $17,702.21
16 $17,702.21 $1,134.14 $0.00 $100.09 $18,936.44
17 $18,936.44 $1,134.14 $0.00 $107.07 $20,177.65
18 $20,177.65 $1,134.14 $0.00 $114.09 $21,425.88
19 $21,425.88 $1,134.14 $0.00 $121.15 $22,681.17
20 $22,681.17 $1,134.14 $0.00 $128.24 $23,943.55
21 $23,943.55 $1,134.14 $0.00 $135.38 $25,213.07
22 $25,213.07 $1,134.14 $0.00 $142.56 $26,489.77
23 $26,489.77 $1,134.14 $0.00 $149.78 $27,773.69
24 $27,773.69 $1,134.14 $0.00 $157.04 $29,064.87
25 $29,064.87 $1,134.14 $0.00 $164.34 $30,363.35
26 $30,363.35 $1,134.14 $0.00 $171.68 $31,669.17
27 $31,669.17 $1,134.14 $0.00 $179.06 $32,982.37
28 $32,982.37 $1,134.14 $0.00 $186.49 $34,303.00
29 $34,303.00 $1,134.14 $0.00 $193.95 $35,631.09
30 $35,631.09 $1,134.14 $0.00 $201.46 $36,966.69
31 $36,966.69 $1,134.14 $0.00 $209.02 $38,309.85
32 $38,309.85 $1,134.14 $0.00 $216.61 $39,660.60
33 $39,660.60 $1,134.14 $0.00 $224.25 $41,018.99
34 $41,018.99 $1,134.14 $0.00 $231.93 $42,385.06
35 $42,385.06 $1,134.14 $0.00 $239.65 $43,758.85
36 $43,758.85 $1,134.14 $0.00 $247.42 $45,140.41
37 $45,140.41 $1,134.14 $0.00 $255.23 $46,529.78
38 $46,529.78 $1,134.14 $0.00 $263.09 $47,927.01
39 $47,927.01 $1,134.14 $0.00 $270.99 $49,332.14
40 $49,332.14 $1,134.14 $0.00 $278.93 $50,745.21
41 $50,745.21 $1,134.14 $0.00 $286.92 $52,166.27
42 $52,166.27 $1,134.14 $0.00 $294.96 $53,595.37
43 $53,595.37 $1,134.14 $0.00 $303.04 $55,032.55
44 $55,032.55 $1,134.14 $0.00 $311.16 $56,477.85
45 $56,477.85 $1,134.14 $0.00 $319.33 $57,931.32
46 $57,931.32 $1,134.14 $0.00 $327.55 $59,393.01
47 $59,393.01 $1,134.14 $0.00 $335.82 $60,862.97
48 $60,862.97 $1,134.14 $0.00 $344.13 $62,341.24
49 $62,341.24 $1,134.14 $0.00 $352.49 $63,827.87
50 $63,827.87 $1,134.14 $0.00 $360.89 $65,322.90
51 $65,322.90 $1,134.14 $0.00 $369.35 $66,826.39
52 $66,826.39 $1,134.14 $0.00 $377.85 $68,338.38
53 $68,338.38 $1,134.14 $0.00 $386.40 $69,858.92
54 $69,858.92 $1,134.14 $0.00 $394.99 $71,388.05
55 $71,388.05 $1,134.14 $0.00 $403.64 $72,925.83
56 $72,925.83 $1,134.14 $0.00 $412.33 $74,472.30
57 $74,472.30 $1,134.14 $0.00 $421.08 $76,027.52
58 $76,027.52 $1,134.14 $0.00 $429.87 $77,591.53
59 $77,591.53 $1,134.14 $0.00 $438.71 $79,164.38
60 $79,164.38 $1,134.14 $0.00 $447.61 $80,746.13
61 $80,746.13 $1,134.14 $0.00 $456.55 $82,336.82
62 $82,336.82 $1,134.14 $0.00 $465.54 $83,936.50
63 $83,936.50 $1,134.14 $0.00 $474.59 $85,545.23
64 $85,545.23 $1,134.14 $0.00 $483.69 $87,163.06
65 $87,163.06 $1,134.14 $0.00 $492.83 $88,790.03
66 $88,790.03 $1,134.14 $0.00 $502.03 $90,426.20
67 $90,426.20 $1,134.14 $0.00 $511.28 $92,071.62
68 $92,071.62 $1,134.14 $0.00 $520.59 $93,726.35
69 $93,726.35 $1,134.14 $0.00 $529.94 $95,390.43
70 $95,390.43 $1,134.14 $0.00 $539.35 $97,063.92
71 $97,063.92 $1,134.14 $0.00 $548.81 $98,746.87
72 $98,746.87 $1,134.14 $0.00 $558.33 $100,439.34
73 $100,439.34 $1,134.14 $0.00 $567.90 $102,141.38
74 $102,141.38 $1,134.14 $0.00 $577.52 $103,853.04
75 $103,853.04 $1,134.14 $0.00 $587.20 $105,574.38
76 $105,574.38 $1,134.14 $0.00 $596.93 $107,305.45
77 $107,305.45 $1,134.14 $0.00 $606.72 $109,046.31
78 $109,046.31 $1,134.14 $0.00 $616.56 $110,797.01
79 $110,797.01 $1,134.14 $0.00 $626.46 $112,557.61
80 $112,557.61 $1,134.14 $0.00 $636.42 $114,328.17
81 $114,328.17 $1,134.14 $0.00 $646.43 $116,108.74
82 $116,108.74 $1,134.14 $0.00 $656.50 $117,899.38
83 $117,899.38 $1,134.14 $0.00 $666.62 $119,700.14
84 $119,700.14 $1,134.14 $0.00 $676.80 $121,511.08
85 $121,511.08 $1,134.14 $0.00 $687.04 $123,332.26
86 $123,332.26 $1,134.14 $0.00 $697.34 $125,163.74
87 $125,163.74 $1,134.14 $0.00 $707.69 $127,005.57
88 $127,005.57 $1,134.14 $0.00 $718.11 $128,857.82
89 $128,857.82 $1,134.14 $0.00 $728.58 $130,720.54
90 $130,720.54 $1,134.14 $0.00 $739.11 $132,593.79
91 $132,593.79 $1,134.14 $0.00 $749.70 $134,477.63
92 $134,477.63 $1,134.14 $0.00 $760.36 $136,372.13
93 $136,372.13 $1,134.14 $0.00 $771.07 $138,277.34
94 $138,277.34 $1,134.14 $0.00 $781.84 $140,193.32
95 $140,193.32 $1,134.14 $0.00 $792.67 $142,120.13
96 $142,120.13 $1,134.14 $0.00 $803.57 $144,057.84
97 $144,057.84 $1,134.14 $0.00 $814.52 $146,006.50
98 $146,006.50 $1,134.14 $0.00 $825.54 $147,966.18
99 $147,966.18 $1,134.14 $0.00 $836.62 $149,936.94
100 $149,936.94 $1,134.14 $0.00 $847.77 $151,918.85
101 $151,918.85 $1,134.14 $0.00 $858.97 $153,911.96
102 $153,911.96 $1,134.14 $0.00 $870.24 $155,916.34
103 $155,916.34 $1,134.14 $0.00 $881.57 $157,932.05
104 $157,932.05 $1,134.14 $0.00 $892.97 $159,959.16
105 $159,959.16 $1,134.14 $0.00 $904.43 $161,997.73
106 $161,997.73 $1,134.14 $0.00 $915.96 $164,047.83
107 $164,047.83 $1,134.14 $0.00 $927.55 $166,109.52
108 $166,109.52 $1,134.14 $0.00 $939.21 $168,182.87
109 $168,182.87 $1,134.14 $0.00 $950.93 $170,267.94
110 $170,267.94 $1,134.14 $0.00 $962.72 $172,364.80
111 $172,364.80 $1,134.14 $0.00 $974.58 $174,473.52
112 $174,473.52 $1,134.14 $0.00 $986.50 $176,594.16
113 $176,594.16 $1,134.14 $0.00 $998.49 $178,726.79
114 $178,726.79 $1,134.14 $0.00 $1,010.55 $180,871.48
115 $180,871.48 $1,134.14 $0.00 $1,022.67 $183,028.29
116 $183,028.29 $1,134.14 $0.00 $1,034.87 $185,197.30
117 $185,197.30 $1,134.14 $0.00 $1,047.13 $187,378.57
118 $187,378.57 $1,134.14 $0.00 $1,059.47 $189,572.18
119 $189,572.18 $1,134.14 $0.00 $1,071.87 $191,778.19
120 $191,778.19 $1,134.14 $0.00 $1,084.34 $193,996.67
121 $193,996.67 $1,134.14 $0.00 $1,096.89 $196,227.70
122 $196,227.70 $1,134.14 $0.00 $1,109.50 $198,471.34
123 $198,471.34 $1,134.14 $0.00 $1,122.19 $200,727.67
124 $200,727.67 $1,134.14 $0.00 $1,134.94 $202,996.75
125 $202,996.75 $1,134.14 $0.00 $1,147.77 $205,278.66
126 $205,278.66 $1,134.14 $0.00 $1,160.68 $207,573.48
127 $207,573.48 $1,134.14 $0.00 $1,173.65 $209,881.27
128 $209,881.27 $1,134.14 $0.00 $1,186.70 $212,202.11
129 $212,202.11 $1,134.14 $0.00 $1,199.82 $214,536.07
130 $214,536.07 $1,134.14 $0.00 $1,213.02 $216,883.23
131 $216,883.23 $1,134.14 $0.00 $1,226.29 $219,243.66
132 $219,243.66 $1,134.14 $0.00 $1,239.64 $221,617.44
133 $221,617.44 $1,134.14 $0.00 $1,253.06 $224,004.64
134 $224,004.64 $1,134.14 $0.00 $1,266.55 $226,405.33
135 $226,405.33 $1,134.14 $0.00 $1,280.13 $228,819.60
136 $228,819.60 $1,134.14 $0.00 $1,293.78 $231,247.52
137 $231,247.52 $1,134.14 $0.00 $1,307.51 $233,689.17
138 $233,689.17 $1,134.14 $0.00 $1,321.31 $236,144.62
139 $236,144.62 $1,134.14 $0.00 $1,335.20 $238,613.96
140 $238,613.96 $1,134.14 $0.00 $1,349.16 $241,097.26
141 $241,097.26 $1,134.14 $0.00 $1,363.20 $243,594.60
142 $243,594.60 $1,134.14 $0.00 $1,377.32 $246,106.06
143 $246,106.06 $1,134.14 $0.00 $1,391.52 $248,631.72
144 $248,631.72 $1,134.14 $0.00 $1,405.80 $251,171.66
145 $251,171.66 $1,134.14 $0.00 $1,420.16 $253,725.96
146 $253,725.96 $1,134.14 $0.00 $1,434.60 $256,294.70
147 $256,294.70 $1,134.14 $0.00 $1,449.13 $258,877.97
148 $258,877.97 $1,134.14 $0.00 $1,463.73 $261,475.84
149 $261,475.84 $1,134.14 $0.00 $1,478.42 $264,088.40
150 $264,088.40 $1,134.14 $0.00 $1,493.19 $266,715.73
151 $266,715.73 $1,134.14 $0.00 $1,508.05 $269,357.92
152 $269,357.92 $1,134.14 $0.00 $1,522.99 $272,015.05
153 $272,015.05 $1,134.14 $0.00 $1,538.01 $274,687.20
154 $274,687.20 $1,134.14 $0.00 $1,553.12 $277,374.46
155 $277,374.46 $1,134.14 $0.00 $1,568.32 $280,076.92
156 $280,076.92 $1,134.14 $0.00 $1,583.60 $282,794.66
157 $282,794.66 $1,134.14 $0.00 $1,598.96 $285,527.76
158 $285,527.76 $1,134.14 $0.00 $1,614.42 $288,276.32
159 $288,276.32 $1,134.14 $0.00 $1,629.96 $291,040.42
160 $291,040.42 $1,134.14 $0.00 $1,645.58 $293,820.14
161 $293,820.14 $1,134.14 $0.00 $1,661.30 $296,615.58
162 $296,615.58 $1,134.14 $0.00 $1,677.11 $299,426.83
163 $299,426.83 $1,134.14 $0.00 $1,693.00 $302,253.97
164 $302,253.97 $1,134.14 $0.00 $1,708.99 $305,097.10
165 $305,097.10 $1,134.14 $0.00 $1,725.06 $307,956.30
166 $307,956.30 $1,134.14 $0.00 $1,741.23 $310,831.67
167 $310,831.67 $1,134.14 $0.00 $1,757.49 $313,723.30
168 $313,723.30 $1,134.14 $0.00 $1,773.84 $316,631.28
169 $316,631.28 $1,134.14 $0.00 $1,790.28 $319,555.70
170 $319,555.70 $1,134.14 $0.00 $1,806.81 $322,496.65
171 $322,496.65 $1,134.14 $0.00 $1,823.44 $325,454.23
172 $325,454.23 $1,134.14 $0.00 $1,840.17 $328,428.54
173 $328,428.54 $1,134.14 $0.00 $1,856.98 $331,419.66
174 $331,419.66 $1,134.14 $0.00 $1,873.89 $334,427.69
175 $334,427.69 $1,134.14 $0.00 $1,890.90 $337,452.73
176 $337,452.73 $1,134.14 $0.00 $1,908.01 $340,494.88
177 $340,494.88 $1,134.14 $0.00 $1,925.21 $343,554.23
178 $343,554.23 $1,134.14 $0.00 $1,942.51 $346,630.88
179 $346,630.88 $1,134.14 $0.00 $1,959.90 $349,724.92
180 $349,724.92 $1,134.14 $0.00 $1,977.40 $352,836.46
181 $352,836.46 $1,134.14 $0.00 $1,994.99 $355,965.59
182 $355,965.59 $1,134.14 $0.00 $2,012.68 $359,112.41
183 $359,112.41 $1,134.14 $0.00 $2,030.47 $362,277.02
184 $362,277.02 $1,134.14 $0.00 $2,048.37 $365,459.53
185 $365,459.53 $1,134.14 $0.00 $2,066.36 $368,660.03
186 $368,660.03 $1,134.14 $0.00 $2,084.46 $371,878.63
187 $371,878.63 $1,134.14 $0.00 $2,102.66 $375,115.43
188 $375,115.43 $1,134.14 $0.00 $2,120.96 $378,370.53
189 $378,370.53 $1,134.14 $0.00 $2,139.36 $381,644.03
190 $381,644.03 $1,134.14 $0.00 $2,157.87 $384,936.04
191 $384,936.04 $1,134.14 $0.00 $2,176.48 $388,246.66
192 $388,246.66 $1,134.14 $0.00 $2,195.20 $391,576.00
193 $391,576.00 $1,134.14 $0.00 $2,214.03 $394,924.17
194 $394,924.17 $1,134.14 $0.00 $2,232.96 $398,291.27
195 $398,291.27 $1,134.14 $0.00 $2,252.00 $401,677.41
196 $401,677.41 $1,134.14 $0.00 $2,271.14 $405,082.69
197 $405,082.69 $1,134.14 $0.00 $2,290.40 $408,507.23
198 $408,507.23 $1,134.14 $0.00 $2,309.76 $411,951.13
199 $411,951.13 $1,134.14 $0.00 $2,329.23 $415,414.50
200 $415,414.50 $1,134.14 $0.00 $2,348.81 $418,897.45
201 $418,897.45 $1,134.14 $0.00 $2,368.51 $422,400.10
202 $422,400.10 $1,134.14 $0.00 $2,388.31 $425,922.55
203 $425,922.55 $1,134.14 $0.00 $2,408.23 $429,464.92
204 $429,464.92 $1,134.14 $0.00 $2,428.26 $433,027.32
205 $433,027.32 $1,134.14 $0.00 $2,448.40 $436,609.86
206 $436,609.86 $1,134.14 $0.00 $2,468.66 $440,212.66
207 $440,212.66 $1,134.14 $0.00 $2,489.03 $443,835.83
208 $443,835.83 $1,134.14 $0.00 $2,509.51 $447,479.48
209 $447,479.48 $1,134.14 $0.00 $2,530.11 $451,143.73
210 $451,143.73 $1,134.14 $0.00 $2,550.83 $454,828.70
211 $454,828.70 $1,134.14 $0.00 $2,571.67 $458,534.51
212 $458,534.51 $1,134.14 $0.00 $2,592.62 $462,261.27
213 $462,261.27 $1,134.14 $0.00 $2,613.69 $466,009.10
214 $466,009.10 $1,134.14 $0.00 $2,634.88 $469,778.12
215 $469,778.12 $1,134.14 $0.00 $2,656.19 $473,568.45
216 $473,568.45 $1,134.14 $0.00 $2,677.62 $477,380.21
217 $477,380.21 $1,134.14 $132,965.71 $2,699.18 $348,247.82
218 $348,247.82 $1,134.14 $0.00 $1,969.04 $351,351.00
219 $351,351.00 $1,134.14 $0.00 $1,986.59 $354,471.73
220 $354,471.73 $1,134.14 $0.00 $2,004.23 $357,610.10
221 $357,610.10 $1,134.14 $0.00 $2,021.98 $360,766.22
222 $360,766.22 $1,134.14 $0.00 $2,039.82 $363,940.18
223 $363,940.18 $1,134.14 $0.00 $2,057.77 $367,132.09
224 $367,132.09 $1,134.14 $0.00 $2,075.82 $370,342.05
225 $370,342.05 $1,134.14 $0.00 $2,093.97 $373,570.16
226 $373,570.16 $1,134.14 $0.00 $2,112.22 $376,816.52
227 $376,816.52 $1,134.14 $0.00 $2,130.58 $380,081.24
228 $380,081.24 $1,134.14 $0.00 $2,149.03 $383,364.41
229 $383,364.41 $1,134.14 $139,614.00 $2,167.60 $247,052.15
230 $247,052.15 $1,134.14 $0.00 $1,396.87 $249,583.16
231 $249,583.16 $1,134.14 $0.00 $1,411.18 $252,128.48
232 $252,128.48 $1,134.14 $0.00 $1,425.57 $254,688.19
233 $254,688.19 $1,134.14 $0.00 $1,440.04 $257,262.37
234 $257,262.37 $1,134.14 $0.00 $1,454.60 $259,851.11
235 $259,851.11 $1,134.14 $0.00 $1,469.24 $262,454.49
236 $262,454.49 $1,134.14 $0.00 $1,483.96 $265,072.59
237 $265,072.59 $1,134.14 $0.00 $1,498.76 $267,705.49
238 $267,705.49 $1,134.14 $0.00 $1,513.65 $270,353.28
239 $270,353.28 $1,134.14 $0.00 $1,528.62 $273,016.04
240 $273,016.04 $1,134.14 $0.00 $1,543.67 $275,693.85
241 $275,693.85 $1,134.14 $146,594.70 $1,558.81 $131,792.10
242 $131,792.10 $1,134.14 $0.00 $745.17 $133,671.41
243 $133,671.41 $1,134.14 $0.00 $755.80 $135,561.35
244 $135,561.35 $1,134.14 $0.00 $766.48 $137,461.97
245 $137,461.97 $1,134.14 $0.00 $777.23 $139,373.34
246 $139,373.34 $1,134.14 $0.00 $788.04 $141,295.52
247 $141,295.52 $1,134.14 $0.00 $798.91 $143,228.57
248 $143,228.57 $1,134.14 $0.00 $809.84 $145,172.55
249 $145,172.55 $1,134.14 $0.00 $820.83 $147,127.52
250 $147,127.52 $1,134.14 $0.00 $831.88 $149,093.54
251 $149,093.54 $1,134.14 $0.00 $843.00 $151,070.68
252 $151,070.68 $1,134.14 $0.00 $854.18 $153,059.00
253 $153,059.00 $0.00 $153,924.43 $865.42 ($0.01)