Savings Plan and Future Cost Estimation for Savannah College of Art and Design

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$155,178
Monthly savings required$1,228

How much will it cost to send your child to Savannah College of Art and Design in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $620,710.13 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,228.35 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$59,840.00
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 $1,228.35 $0.00 $0.00 $1,228.35
2 $1,228.35 $1,228.35 $0.00 $6.95 $2,463.65
3 $2,463.65 $1,228.35 $0.00 $13.93 $3,705.93
4 $3,705.93 $1,228.35 $0.00 $20.95 $4,955.23
5 $4,955.23 $1,228.35 $0.00 $28.02 $6,211.60
6 $6,211.60 $1,228.35 $0.00 $35.12 $7,475.07
7 $7,475.07 $1,228.35 $0.00 $42.27 $8,745.69
8 $8,745.69 $1,228.35 $0.00 $49.45 $10,023.49
9 $10,023.49 $1,228.35 $0.00 $56.67 $11,308.51
10 $11,308.51 $1,228.35 $0.00 $63.94 $12,600.80
11 $12,600.80 $1,228.35 $0.00 $71.25 $13,900.40
12 $13,900.40 $1,228.35 $0.00 $78.59 $15,207.34
13 $15,207.34 $1,228.35 $0.00 $85.98 $16,521.67
14 $16,521.67 $1,228.35 $0.00 $93.42 $17,843.44
15 $17,843.44 $1,228.35 $0.00 $100.89 $19,172.68
16 $19,172.68 $1,228.35 $0.00 $108.41 $20,509.44
17 $20,509.44 $1,228.35 $0.00 $115.96 $21,853.75
18 $21,853.75 $1,228.35 $0.00 $123.56 $23,205.66
19 $23,205.66 $1,228.35 $0.00 $131.21 $24,565.22
20 $24,565.22 $1,228.35 $0.00 $138.90 $25,932.47
21 $25,932.47 $1,228.35 $0.00 $146.63 $27,307.45
22 $27,307.45 $1,228.35 $0.00 $154.40 $28,690.20
23 $28,690.20 $1,228.35 $0.00 $162.22 $30,080.77
24 $30,080.77 $1,228.35 $0.00 $170.08 $31,479.20
25 $31,479.20 $1,228.35 $0.00 $177.99 $32,885.54
26 $32,885.54 $1,228.35 $0.00 $185.94 $34,299.83
27 $34,299.83 $1,228.35 $0.00 $193.94 $35,722.12
28 $35,722.12 $1,228.35 $0.00 $201.98 $37,152.45
29 $37,152.45 $1,228.35 $0.00 $210.07 $38,590.87
30 $38,590.87 $1,228.35 $0.00 $218.20 $40,037.42
31 $40,037.42 $1,228.35 $0.00 $226.38 $41,492.15
32 $41,492.15 $1,228.35 $0.00 $234.60 $42,955.10
33 $42,955.10 $1,228.35 $0.00 $242.87 $44,426.32
34 $44,426.32 $1,228.35 $0.00 $251.19 $45,905.86
35 $45,905.86 $1,228.35 $0.00 $259.56 $47,393.77
36 $47,393.77 $1,228.35 $0.00 $267.97 $48,890.09
37 $48,890.09 $1,228.35 $0.00 $276.43 $50,394.87
38 $50,394.87 $1,228.35 $0.00 $284.94 $51,908.16
39 $51,908.16 $1,228.35 $0.00 $293.50 $53,430.01
40 $53,430.01 $1,228.35 $0.00 $302.10 $54,960.46
41 $54,960.46 $1,228.35 $0.00 $310.75 $56,499.56
42 $56,499.56 $1,228.35 $0.00 $319.46 $58,047.37
43 $58,047.37 $1,228.35 $0.00 $328.21 $59,603.93
44 $59,603.93 $1,228.35 $0.00 $337.01 $61,169.29
45 $61,169.29 $1,228.35 $0.00 $345.86 $62,743.50
46 $62,743.50 $1,228.35 $0.00 $354.76 $64,326.61
47 $64,326.61 $1,228.35 $0.00 $363.71 $65,918.67
48 $65,918.67 $1,228.35 $0.00 $372.71 $67,519.73
49 $67,519.73 $1,228.35 $0.00 $381.77 $69,129.85
50 $69,129.85 $1,228.35 $0.00 $390.87 $70,749.07
51 $70,749.07 $1,228.35 $0.00 $400.03 $72,377.45
52 $72,377.45 $1,228.35 $0.00 $409.23 $74,015.03
53 $74,015.03 $1,228.35 $0.00 $418.49 $75,661.87
54 $75,661.87 $1,228.35 $0.00 $427.80 $77,318.02
55 $77,318.02 $1,228.35 $0.00 $437.17 $78,983.54
56 $78,983.54 $1,228.35 $0.00 $446.58 $80,658.47
57 $80,658.47 $1,228.35 $0.00 $456.05 $82,342.87
58 $82,342.87 $1,228.35 $0.00 $465.58 $84,036.80
59 $84,036.80 $1,228.35 $0.00 $475.16 $85,740.31
60 $85,740.31 $1,228.35 $0.00 $484.79 $87,453.45
61 $87,453.45 $1,228.35 $0.00 $494.47 $89,176.27
62 $89,176.27 $1,228.35 $0.00 $504.22 $90,908.84
63 $90,908.84 $1,228.35 $0.00 $514.01 $92,651.20
64 $92,651.20 $1,228.35 $0.00 $523.86 $94,403.41
65 $94,403.41 $1,228.35 $0.00 $533.77 $96,165.53
66 $96,165.53 $1,228.35 $0.00 $543.73 $97,937.61
67 $97,937.61 $1,228.35 $0.00 $553.75 $99,719.71
68 $99,719.71 $1,228.35 $0.00 $563.83 $101,511.89
69 $101,511.89 $1,228.35 $0.00 $573.96 $103,314.20
70 $103,314.20 $1,228.35 $0.00 $584.15 $105,126.70
71 $105,126.70 $1,228.35 $0.00 $594.40 $106,949.45
72 $106,949.45 $1,228.35 $0.00 $604.71 $108,782.51
73 $108,782.51 $1,228.35 $0.00 $615.07 $110,625.93
74 $110,625.93 $1,228.35 $0.00 $625.50 $112,479.78
75 $112,479.78 $1,228.35 $0.00 $635.98 $114,344.11
76 $114,344.11 $1,228.35 $0.00 $646.52 $116,218.98
77 $116,218.98 $1,228.35 $0.00 $657.12 $118,104.45
78 $118,104.45 $1,228.35 $0.00 $667.78 $120,000.58
79 $120,000.58 $1,228.35 $0.00 $678.50 $121,907.43
80 $121,907.43 $1,228.35 $0.00 $689.28 $123,825.06
81 $123,825.06 $1,228.35 $0.00 $700.12 $125,753.53
82 $125,753.53 $1,228.35 $0.00 $711.03 $127,692.91
83 $127,692.91 $1,228.35 $0.00 $721.99 $129,643.25
84 $129,643.25 $1,228.35 $0.00 $733.02 $131,604.62
85 $131,604.62 $1,228.35 $0.00 $744.11 $133,577.08
86 $133,577.08 $1,228.35 $0.00 $755.26 $135,560.69
87 $135,560.69 $1,228.35 $0.00 $766.48 $137,555.52
88 $137,555.52 $1,228.35 $0.00 $777.76 $139,561.63
89 $139,561.63 $1,228.35 $0.00 $789.10 $141,579.08
90 $141,579.08 $1,228.35 $0.00 $800.51 $143,607.94
91 $143,607.94 $1,228.35 $0.00 $811.98 $145,648.27
92 $145,648.27 $1,228.35 $0.00 $823.52 $147,700.14
93 $147,700.14 $1,228.35 $0.00 $835.12 $149,763.61
94 $149,763.61 $1,228.35 $0.00 $846.79 $151,838.75
95 $151,838.75 $1,228.35 $0.00 $858.52 $153,925.62
96 $153,925.62 $1,228.35 $0.00 $870.32 $156,024.29
97 $156,024.29 $1,228.35 $0.00 $882.18 $158,134.82
98 $158,134.82 $1,228.35 $0.00 $894.12 $160,257.29
99 $160,257.29 $1,228.35 $0.00 $906.12 $162,391.76
100 $162,391.76 $1,228.35 $0.00 $918.19 $164,538.30
101 $164,538.30 $1,228.35 $0.00 $930.32 $166,696.97
102 $166,696.97 $1,228.35 $0.00 $942.53 $168,867.85
103 $168,867.85 $1,228.35 $0.00 $954.80 $171,051.00
104 $171,051.00 $1,228.35 $0.00 $967.15 $173,246.50
105 $173,246.50 $1,228.35 $0.00 $979.56 $175,454.41
106 $175,454.41 $1,228.35 $0.00 $992.04 $177,674.80
107 $177,674.80 $1,228.35 $0.00 $1,004.60 $179,907.75
108 $179,907.75 $1,228.35 $0.00 $1,017.22 $182,153.32
109 $182,153.32 $1,228.35 $0.00 $1,029.92 $184,411.59
110 $184,411.59 $1,228.35 $0.00 $1,042.69 $186,682.63
111 $186,682.63 $1,228.35 $0.00 $1,055.53 $188,966.51
112 $188,966.51 $1,228.35 $0.00 $1,068.44 $191,263.30
113 $191,263.30 $1,228.35 $0.00 $1,081.43 $193,573.08
114 $193,573.08 $1,228.35 $0.00 $1,094.49 $195,895.92
115 $195,895.92 $1,228.35 $0.00 $1,107.62 $198,231.89
116 $198,231.89 $1,228.35 $0.00 $1,120.83 $200,581.07
117 $200,581.07 $1,228.35 $0.00 $1,134.11 $202,943.53
118 $202,943.53 $1,228.35 $0.00 $1,147.47 $205,319.35
119 $205,319.35 $1,228.35 $0.00 $1,160.91 $207,708.61
120 $207,708.61 $1,228.35 $0.00 $1,174.41 $210,111.37
121 $210,111.37 $1,228.35 $0.00 $1,188.00 $212,527.72
122 $212,527.72 $1,228.35 $0.00 $1,201.66 $214,957.73
123 $214,957.73 $1,228.35 $0.00 $1,215.40 $217,401.48
124 $217,401.48 $1,228.35 $0.00 $1,229.22 $219,859.05
125 $219,859.05 $1,228.35 $0.00 $1,243.12 $222,330.52
126 $222,330.52 $1,228.35 $0.00 $1,257.09 $224,815.96
127 $224,815.96 $1,228.35 $0.00 $1,271.14 $227,315.45
128 $227,315.45 $1,228.35 $0.00 $1,285.27 $229,829.07
129 $229,829.07 $1,228.35 $0.00 $1,299.49 $232,356.91
130 $232,356.91 $1,228.35 $0.00 $1,313.78 $234,899.04
131 $234,899.04 $1,228.35 $0.00 $1,328.15 $237,455.54
132 $237,455.54 $1,228.35 $0.00 $1,342.61 $240,026.50
133 $240,026.50 $1,228.35 $0.00 $1,357.14 $242,611.99
134 $242,611.99 $1,228.35 $0.00 $1,371.76 $245,212.10
135 $245,212.10 $1,228.35 $0.00 $1,386.46 $247,826.91
136 $247,826.91 $1,228.35 $0.00 $1,401.25 $250,456.51
137 $250,456.51 $1,228.35 $0.00 $1,416.12 $253,100.98
138 $253,100.98 $1,228.35 $0.00 $1,431.07 $255,760.40
139 $255,760.40 $1,228.35 $0.00 $1,446.11 $258,434.86
140 $258,434.86 $1,228.35 $0.00 $1,461.23 $261,124.44
141 $261,124.44 $1,228.35 $0.00 $1,476.44 $263,829.23
142 $263,829.23 $1,228.35 $0.00 $1,491.73 $266,549.31
143 $266,549.31 $1,228.35 $0.00 $1,507.11 $269,284.77
144 $269,284.77 $1,228.35 $0.00 $1,522.58 $272,035.70
145 $272,035.70 $1,228.35 $0.00 $1,538.13 $274,802.18
146 $274,802.18 $1,228.35 $0.00 $1,553.77 $277,584.30
147 $277,584.30 $1,228.35 $0.00 $1,569.50 $280,382.15
148 $280,382.15 $1,228.35 $0.00 $1,585.32 $283,195.82
149 $283,195.82 $1,228.35 $0.00 $1,601.23 $286,025.40
150 $286,025.40 $1,228.35 $0.00 $1,617.23 $288,870.98
151 $288,870.98 $1,228.35 $0.00 $1,633.32 $291,732.65
152 $291,732.65 $1,228.35 $0.00 $1,649.50 $294,610.50
153 $294,610.50 $1,228.35 $0.00 $1,665.77 $297,504.62
154 $297,504.62 $1,228.35 $0.00 $1,682.13 $300,415.10
155 $300,415.10 $1,228.35 $0.00 $1,698.59 $303,342.04
156 $303,342.04 $1,228.35 $0.00 $1,715.14 $306,285.53
157 $306,285.53 $1,228.35 $0.00 $1,731.78 $309,245.66
158 $309,245.66 $1,228.35 $0.00 $1,748.52 $312,222.53
159 $312,222.53 $1,228.35 $0.00 $1,765.35 $315,216.23
160 $315,216.23 $1,228.35 $0.00 $1,782.28 $318,226.86
161 $318,226.86 $1,228.35 $0.00 $1,799.30 $321,254.51
162 $321,254.51 $1,228.35 $0.00 $1,816.42 $324,299.28
163 $324,299.28 $1,228.35 $0.00 $1,833.64 $327,361.27
164 $327,361.27 $1,228.35 $0.00 $1,850.95 $330,440.57
165 $330,440.57 $1,228.35 $0.00 $1,868.36 $333,537.28
166 $333,537.28 $1,228.35 $0.00 $1,885.87 $336,651.50
167 $336,651.50 $1,228.35 $0.00 $1,903.48 $339,783.33
168 $339,783.33 $1,228.35 $0.00 $1,921.18 $342,932.86
169 $342,932.86 $1,228.35 $0.00 $1,938.99 $346,100.20
170 $346,100.20 $1,228.35 $0.00 $1,956.90 $349,285.45
171 $349,285.45 $1,228.35 $0.00 $1,974.91 $352,488.71
172 $352,488.71 $1,228.35 $0.00 $1,993.02 $355,710.08
173 $355,710.08 $1,228.35 $0.00 $2,011.24 $358,949.67
174 $358,949.67 $1,228.35 $0.00 $2,029.55 $362,207.57
175 $362,207.57 $1,228.35 $0.00 $2,047.97 $365,483.89
176 $365,483.89 $1,228.35 $0.00 $2,066.50 $368,778.74
177 $368,778.74 $1,228.35 $0.00 $2,085.13 $372,092.22
178 $372,092.22 $1,228.35 $0.00 $2,103.86 $375,424.43
179 $375,424.43 $1,228.35 $0.00 $2,122.70 $378,775.48
180 $378,775.48 $1,228.35 $0.00 $2,141.65 $382,145.48
181 $382,145.48 $1,228.35 $0.00 $2,160.71 $385,534.54
182 $385,534.54 $1,228.35 $0.00 $2,179.87 $388,942.76
183 $388,942.76 $1,228.35 $0.00 $2,199.14 $392,370.25
184 $392,370.25 $1,228.35 $0.00 $2,218.52 $395,817.12
185 $395,817.12 $1,228.35 $0.00 $2,238.01 $399,283.48
186 $399,283.48 $1,228.35 $0.00 $2,257.61 $402,769.44
187 $402,769.44 $1,228.35 $0.00 $2,277.32 $406,275.11
188 $406,275.11 $1,228.35 $0.00 $2,297.14 $409,800.60
189 $409,800.60 $1,228.35 $0.00 $2,317.07 $413,346.02
190 $413,346.02 $1,228.35 $0.00 $2,337.12 $416,911.49
191 $416,911.49 $1,228.35 $0.00 $2,357.28 $420,497.12
192 $420,497.12 $1,228.35 $0.00 $2,377.55 $424,103.02
193 $424,103.02 $1,228.35 $0.00 $2,397.94 $427,729.31
194 $427,729.31 $1,228.35 $0.00 $2,418.44 $431,376.10
195 $431,376.10 $1,228.35 $0.00 $2,439.06 $435,043.51
196 $435,043.51 $1,228.35 $0.00 $2,459.80 $438,731.66
197 $438,731.66 $1,228.35 $0.00 $2,480.65 $442,440.66
198 $442,440.66 $1,228.35 $0.00 $2,501.62 $446,170.63
199 $446,170.63 $1,228.35 $0.00 $2,522.71 $449,921.69
200 $449,921.69 $1,228.35 $0.00 $2,543.92 $453,693.96
201 $453,693.96 $1,228.35 $0.00 $2,565.25 $457,487.56
202 $457,487.56 $1,228.35 $0.00 $2,586.70 $461,302.61
203 $461,302.61 $1,228.35 $0.00 $2,608.27 $465,139.23
204 $465,139.23 $1,228.35 $0.00 $2,629.96 $468,997.54
205 $468,997.54 $1,228.35 $0.00 $2,651.78 $472,877.67
206 $472,877.67 $1,228.35 $0.00 $2,673.72 $476,779.74
207 $476,779.74 $1,228.35 $0.00 $2,695.78 $480,703.87
208 $480,703.87 $1,228.35 $0.00 $2,717.97 $484,650.19
209 $484,650.19 $1,228.35 $0.00 $2,740.28 $488,618.82
210 $488,618.82 $1,228.35 $0.00 $2,762.72 $492,609.89
211 $492,609.89 $1,228.35 $0.00 $2,785.29 $496,623.53
212 $496,623.53 $1,228.35 $0.00 $2,807.98 $500,659.86
213 $500,659.86 $1,228.35 $0.00 $2,830.80 $504,719.01
214 $504,719.01 $1,228.35 $0.00 $2,853.75 $508,801.11
215 $508,801.11 $1,228.35 $0.00 $2,876.84 $512,906.30
216 $512,906.30 $1,228.35 $0.00 $2,900.05 $517,034.70
217 $517,034.70 $1,228.35 $144,012.09 $2,923.39 $377,174.35
218 $377,174.35 $1,228.35 $0.00 $2,132.60 $380,535.30
219 $380,535.30 $1,228.35 $0.00 $2,151.60 $383,915.25
220 $383,915.25 $1,228.35 $0.00 $2,170.71 $387,314.31
221 $387,314.31 $1,228.35 $0.00 $2,189.93 $390,732.59
222 $390,732.59 $1,228.35 $0.00 $2,209.26 $394,170.20
223 $394,170.20 $1,228.35 $0.00 $2,228.70 $397,627.25
224 $397,627.25 $1,228.35 $0.00 $2,248.24 $401,103.84
225 $401,103.84 $1,228.35 $0.00 $2,267.90 $404,600.09
226 $404,600.09 $1,228.35 $0.00 $2,287.67 $408,116.11
227 $408,116.11 $1,228.35 $0.00 $2,307.55 $411,652.01
228 $411,652.01 $1,228.35 $0.00 $2,327.54 $415,207.90
229 $415,207.90 $1,228.35 $151,212.70 $2,347.65 $267,571.20
230 $267,571.20 $1,228.35 $0.00 $1,512.89 $270,312.44
231 $270,312.44 $1,228.35 $0.00 $1,528.39 $273,069.18
232 $273,069.18 $1,228.35 $0.00 $1,543.97 $275,841.50
233 $275,841.50 $1,228.35 $0.00 $1,559.65 $278,629.50
234 $278,629.50 $1,228.35 $0.00 $1,575.41 $281,433.26
235 $281,433.26 $1,228.35 $0.00 $1,591.26 $284,252.87
236 $284,252.87 $1,228.35 $0.00 $1,607.21 $287,088.43
237 $287,088.43 $1,228.35 $0.00 $1,623.24 $289,940.02
238 $289,940.02 $1,228.35 $0.00 $1,639.36 $292,807.73
239 $292,807.73 $1,228.35 $0.00 $1,655.58 $295,691.66
240 $295,691.66 $1,228.35 $0.00 $1,671.88 $298,591.89
241 $298,591.89 $1,228.35 $158,773.33 $1,688.28 $142,735.19
242 $142,735.19 $1,228.35 $0.00 $807.05 $144,770.59
243 $144,770.59 $1,228.35 $0.00 $818.55 $146,817.49
244 $146,817.49 $1,228.35 $0.00 $830.13 $148,875.97
245 $148,875.97 $1,228.35 $0.00 $841.77 $150,946.09
246 $150,946.09 $1,228.35 $0.00 $853.47 $153,027.91
247 $153,027.91 $1,228.35 $0.00 $865.24 $155,121.50
248 $155,121.50 $1,228.35 $0.00 $877.08 $157,226.93
249 $157,226.93 $1,228.35 $0.00 $888.98 $159,344.26
250 $159,344.26 $1,228.35 $0.00 $900.96 $161,473.57
251 $161,473.57 $1,228.35 $0.00 $913.00 $163,614.92
252 $163,614.92 $1,228.35 $0.00 $925.10 $165,768.37
253 $165,768.37 $0.00 $166,712.00 $937.28 ($6.35)