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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$86,844
Monthly savings required$687

How much will it cost to send your child to Stevens Henager College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $347,375.69 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $687.45 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$33,489.00
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 $687.45 $0.00 $0.00 $687.45
2 $687.45 $687.45 $0.00 $3.89 $1,378.79
3 $1,378.79 $687.45 $0.00 $7.80 $2,074.04
4 $2,074.04 $687.45 $0.00 $11.73 $2,773.22
5 $2,773.22 $687.45 $0.00 $15.68 $3,476.35
6 $3,476.35 $687.45 $0.00 $19.66 $4,183.46
7 $4,183.46 $687.45 $0.00 $23.65 $4,894.56
8 $4,894.56 $687.45 $0.00 $27.67 $5,609.68
9 $5,609.68 $687.45 $0.00 $31.72 $6,328.85
10 $6,328.85 $687.45 $0.00 $35.78 $7,052.08
11 $7,052.08 $687.45 $0.00 $39.87 $7,779.40
12 $7,779.40 $687.45 $0.00 $43.99 $8,510.84
13 $8,510.84 $687.45 $0.00 $48.12 $9,246.41
14 $9,246.41 $687.45 $0.00 $52.28 $9,986.14
15 $9,986.14 $687.45 $0.00 $56.46 $10,730.05
16 $10,730.05 $687.45 $0.00 $60.67 $11,478.17
17 $11,478.17 $687.45 $0.00 $64.90 $12,230.52
18 $12,230.52 $687.45 $0.00 $69.15 $12,987.12
19 $12,987.12 $687.45 $0.00 $73.43 $13,748.00
20 $13,748.00 $687.45 $0.00 $77.73 $14,513.18
21 $14,513.18 $687.45 $0.00 $82.06 $15,282.69
22 $15,282.69 $687.45 $0.00 $86.41 $16,056.55
23 $16,056.55 $687.45 $0.00 $90.79 $16,834.79
24 $16,834.79 $687.45 $0.00 $95.19 $17,617.43
25 $17,617.43 $687.45 $0.00 $99.61 $18,404.49
26 $18,404.49 $687.45 $0.00 $104.06 $19,196.00
27 $19,196.00 $687.45 $0.00 $108.54 $19,991.99
28 $19,991.99 $687.45 $0.00 $113.04 $20,792.48
29 $20,792.48 $687.45 $0.00 $117.56 $21,597.49
30 $21,597.49 $687.45 $0.00 $122.12 $22,407.06
31 $22,407.06 $687.45 $0.00 $126.69 $23,221.20
32 $23,221.20 $687.45 $0.00 $131.30 $24,039.95
33 $24,039.95 $687.45 $0.00 $135.93 $24,863.33
34 $24,863.33 $687.45 $0.00 $140.58 $25,691.36
35 $25,691.36 $687.45 $0.00 $145.26 $26,524.07
36 $26,524.07 $687.45 $0.00 $149.97 $27,361.49
37 $27,361.49 $687.45 $0.00 $154.71 $28,203.65
38 $28,203.65 $687.45 $0.00 $159.47 $29,050.57
39 $29,050.57 $687.45 $0.00 $164.26 $29,902.28
40 $29,902.28 $687.45 $0.00 $169.07 $30,758.80
41 $30,758.80 $687.45 $0.00 $173.91 $31,620.16
42 $31,620.16 $687.45 $0.00 $178.78 $32,486.39
43 $32,486.39 $687.45 $0.00 $183.68 $33,357.52
44 $33,357.52 $687.45 $0.00 $188.61 $34,233.58
45 $34,233.58 $687.45 $0.00 $193.56 $35,114.59
46 $35,114.59 $687.45 $0.00 $198.54 $36,000.58
47 $36,000.58 $687.45 $0.00 $203.55 $36,891.58
48 $36,891.58 $687.45 $0.00 $208.59 $37,787.62
49 $37,787.62 $687.45 $0.00 $213.66 $38,688.73
50 $38,688.73 $687.45 $0.00 $218.75 $39,594.93
51 $39,594.93 $687.45 $0.00 $223.88 $40,506.26
52 $40,506.26 $687.45 $0.00 $229.03 $41,422.74
53 $41,422.74 $687.45 $0.00 $234.21 $42,344.40
54 $42,344.40 $687.45 $0.00 $239.42 $43,271.27
55 $43,271.27 $687.45 $0.00 $244.66 $44,203.38
56 $44,203.38 $687.45 $0.00 $249.93 $45,140.76
57 $45,140.76 $687.45 $0.00 $255.23 $46,083.44
58 $46,083.44 $687.45 $0.00 $260.56 $47,031.45
59 $47,031.45 $687.45 $0.00 $265.92 $47,984.82
60 $47,984.82 $687.45 $0.00 $271.31 $48,943.58
61 $48,943.58 $687.45 $0.00 $276.73 $49,907.76
62 $49,907.76 $687.45 $0.00 $282.19 $50,877.40
63 $50,877.40 $687.45 $0.00 $287.67 $51,852.52
64 $51,852.52 $687.45 $0.00 $293.18 $52,833.15
65 $52,833.15 $687.45 $0.00 $298.73 $53,819.33
66 $53,819.33 $687.45 $0.00 $304.30 $54,811.08
67 $54,811.08 $687.45 $0.00 $309.91 $55,808.44
68 $55,808.44 $687.45 $0.00 $315.55 $56,811.44
69 $56,811.44 $687.45 $0.00 $321.22 $57,820.11
70 $57,820.11 $687.45 $0.00 $326.92 $58,834.48
71 $58,834.48 $687.45 $0.00 $332.66 $59,854.59
72 $59,854.59 $687.45 $0.00 $338.43 $60,880.47
73 $60,880.47 $687.45 $0.00 $344.23 $61,912.15
74 $61,912.15 $687.45 $0.00 $350.06 $62,949.66
75 $62,949.66 $687.45 $0.00 $355.93 $63,993.04
76 $63,993.04 $687.45 $0.00 $361.83 $65,042.32
77 $65,042.32 $687.45 $0.00 $367.76 $66,097.53
78 $66,097.53 $687.45 $0.00 $373.73 $67,158.71
79 $67,158.71 $687.45 $0.00 $379.73 $68,225.89
80 $68,225.89 $687.45 $0.00 $385.76 $69,299.10
81 $69,299.10 $687.45 $0.00 $391.83 $70,378.38
82 $70,378.38 $687.45 $0.00 $397.93 $71,463.76
83 $71,463.76 $687.45 $0.00 $404.07 $72,555.28
84 $72,555.28 $687.45 $0.00 $410.24 $73,652.97
85 $73,652.97 $687.45 $0.00 $416.44 $74,756.86
86 $74,756.86 $687.45 $0.00 $422.69 $75,867.00
87 $75,867.00 $687.45 $0.00 $428.96 $76,983.41
88 $76,983.41 $687.45 $0.00 $435.28 $78,106.14
89 $78,106.14 $687.45 $0.00 $441.62 $79,235.21
90 $79,235.21 $687.45 $0.00 $448.01 $80,370.67
91 $80,370.67 $687.45 $0.00 $454.43 $81,512.55
92 $81,512.55 $687.45 $0.00 $460.88 $82,660.88
93 $82,660.88 $687.45 $0.00 $467.38 $83,815.71
94 $83,815.71 $687.45 $0.00 $473.91 $84,977.07
95 $84,977.07 $687.45 $0.00 $480.47 $86,144.99
96 $86,144.99 $687.45 $0.00 $487.08 $87,319.52
97 $87,319.52 $687.45 $0.00 $493.72 $88,500.69
98 $88,500.69 $687.45 $0.00 $500.40 $89,688.54
99 $89,688.54 $687.45 $0.00 $507.11 $90,883.10
100 $90,883.10 $687.45 $0.00 $513.87 $92,084.42
101 $92,084.42 $687.45 $0.00 $520.66 $93,292.53
102 $93,292.53 $687.45 $0.00 $527.49 $94,507.47
103 $94,507.47 $687.45 $0.00 $534.36 $95,729.28
104 $95,729.28 $687.45 $0.00 $541.27 $96,958.00
105 $96,958.00 $687.45 $0.00 $548.21 $98,193.66
106 $98,193.66 $687.45 $0.00 $555.20 $99,436.31
107 $99,436.31 $687.45 $0.00 $562.23 $100,685.99
108 $100,685.99 $687.45 $0.00 $569.29 $101,942.73
109 $101,942.73 $687.45 $0.00 $576.40 $103,206.58
110 $103,206.58 $687.45 $0.00 $583.55 $104,477.58
111 $104,477.58 $687.45 $0.00 $590.73 $105,755.76
112 $105,755.76 $687.45 $0.00 $597.96 $107,041.17
113 $107,041.17 $687.45 $0.00 $605.23 $108,333.85
114 $108,333.85 $687.45 $0.00 $612.54 $109,633.84
115 $109,633.84 $687.45 $0.00 $619.89 $110,941.18
116 $110,941.18 $687.45 $0.00 $627.28 $112,255.91
117 $112,255.91 $687.45 $0.00 $634.71 $113,578.07
118 $113,578.07 $687.45 $0.00 $642.19 $114,907.71
119 $114,907.71 $687.45 $0.00 $649.70 $116,244.86
120 $116,244.86 $687.45 $0.00 $657.27 $117,589.58
121 $117,589.58 $687.45 $0.00 $664.87 $118,941.90
122 $118,941.90 $687.45 $0.00 $672.51 $120,301.86
123 $120,301.86 $687.45 $0.00 $680.20 $121,669.51
124 $121,669.51 $687.45 $0.00 $687.94 $123,044.90
125 $123,044.90 $687.45 $0.00 $695.71 $124,428.06
126 $124,428.06 $687.45 $0.00 $703.53 $125,819.04
127 $125,819.04 $687.45 $0.00 $711.40 $127,217.89
128 $127,217.89 $687.45 $0.00 $719.31 $128,624.65
129 $128,624.65 $687.45 $0.00 $727.26 $130,039.36
130 $130,039.36 $687.45 $0.00 $735.26 $131,462.07
131 $131,462.07 $687.45 $0.00 $743.31 $132,892.83
132 $132,892.83 $687.45 $0.00 $751.40 $134,331.68
133 $134,331.68 $687.45 $0.00 $759.53 $135,778.66
134 $135,778.66 $687.45 $0.00 $767.71 $137,233.82
135 $137,233.82 $687.45 $0.00 $775.94 $138,697.21
136 $138,697.21 $687.45 $0.00 $784.21 $140,168.87
137 $140,168.87 $687.45 $0.00 $792.54 $141,648.86
138 $141,648.86 $687.45 $0.00 $800.90 $143,137.21
139 $143,137.21 $687.45 $0.00 $809.32 $144,633.98
140 $144,633.98 $687.45 $0.00 $817.78 $146,139.21
141 $146,139.21 $687.45 $0.00 $826.29 $147,652.95
142 $147,652.95 $687.45 $0.00 $834.85 $149,175.25
143 $149,175.25 $687.45 $0.00 $843.46 $150,706.16
144 $150,706.16 $687.45 $0.00 $852.11 $152,245.72
145 $152,245.72 $687.45 $0.00 $860.82 $153,793.99
146 $153,793.99 $687.45 $0.00 $869.57 $155,351.01
147 $155,351.01 $687.45 $0.00 $878.38 $156,916.84
148 $156,916.84 $687.45 $0.00 $887.23 $158,491.52
149 $158,491.52 $687.45 $0.00 $896.13 $160,075.10
150 $160,075.10 $687.45 $0.00 $905.09 $161,667.64
151 $161,667.64 $687.45 $0.00 $914.09 $163,269.18
152 $163,269.18 $687.45 $0.00 $923.15 $164,879.78
153 $164,879.78 $687.45 $0.00 $932.25 $166,499.48
154 $166,499.48 $687.45 $0.00 $941.41 $168,128.34
155 $168,128.34 $687.45 $0.00 $950.62 $169,766.41
156 $169,766.41 $687.45 $0.00 $959.88 $171,413.74
157 $171,413.74 $687.45 $0.00 $969.20 $173,070.39
158 $173,070.39 $687.45 $0.00 $978.57 $174,736.41
159 $174,736.41 $687.45 $0.00 $987.99 $176,411.85
160 $176,411.85 $687.45 $0.00 $997.46 $178,096.76
161 $178,096.76 $687.45 $0.00 $1,006.98 $179,791.19
162 $179,791.19 $687.45 $0.00 $1,016.57 $181,495.21
163 $181,495.21 $687.45 $0.00 $1,026.20 $183,208.86
164 $183,208.86 $687.45 $0.00 $1,035.89 $184,932.20
165 $184,932.20 $687.45 $0.00 $1,045.63 $186,665.28
166 $186,665.28 $687.45 $0.00 $1,055.43 $188,408.16
167 $188,408.16 $687.45 $0.00 $1,065.29 $190,160.90
168 $190,160.90 $687.45 $0.00 $1,075.20 $191,923.55
169 $191,923.55 $687.45 $0.00 $1,085.16 $193,696.16
170 $193,696.16 $687.45 $0.00 $1,095.19 $195,478.80
171 $195,478.80 $687.45 $0.00 $1,105.27 $197,271.52
172 $197,271.52 $687.45 $0.00 $1,115.40 $199,074.37
173 $199,074.37 $687.45 $0.00 $1,125.60 $200,887.42
174 $200,887.42 $687.45 $0.00 $1,135.85 $202,710.72
175 $202,710.72 $687.45 $0.00 $1,146.16 $204,544.33
176 $204,544.33 $687.45 $0.00 $1,156.52 $206,388.30
177 $206,388.30 $687.45 $0.00 $1,166.95 $208,242.70
178 $208,242.70 $687.45 $0.00 $1,177.43 $210,107.58
179 $210,107.58 $687.45 $0.00 $1,187.98 $211,983.01
180 $211,983.01 $687.45 $0.00 $1,198.58 $213,869.04
181 $213,869.04 $687.45 $0.00 $1,209.25 $215,765.74
182 $215,765.74 $687.45 $0.00 $1,219.97 $217,673.16
183 $217,673.16 $687.45 $0.00 $1,230.76 $219,591.37
184 $219,591.37 $687.45 $0.00 $1,241.60 $221,520.42
185 $221,520.42 $687.45 $0.00 $1,252.51 $223,460.38
186 $223,460.38 $687.45 $0.00 $1,263.48 $225,411.31
187 $225,411.31 $687.45 $0.00 $1,274.51 $227,373.27
188 $227,373.27 $687.45 $0.00 $1,285.60 $229,346.32
189 $229,346.32 $687.45 $0.00 $1,296.76 $231,330.53
190 $231,330.53 $687.45 $0.00 $1,307.98 $233,325.96
191 $233,325.96 $687.45 $0.00 $1,319.26 $235,332.67
192 $235,332.67 $687.45 $0.00 $1,330.61 $237,350.73
193 $237,350.73 $687.45 $0.00 $1,342.02 $239,380.20
194 $239,380.20 $687.45 $0.00 $1,353.49 $241,421.14
195 $241,421.14 $687.45 $0.00 $1,365.03 $243,473.62
196 $243,473.62 $687.45 $0.00 $1,376.64 $245,537.71
197 $245,537.71 $687.45 $0.00 $1,388.31 $247,613.47
198 $247,613.47 $687.45 $0.00 $1,400.04 $249,700.96
199 $249,700.96 $687.45 $0.00 $1,411.85 $251,800.26
200 $251,800.26 $687.45 $0.00 $1,423.72 $253,911.43
201 $253,911.43 $687.45 $0.00 $1,435.65 $256,034.53
202 $256,034.53 $687.45 $0.00 $1,447.66 $258,169.64
203 $258,169.64 $687.45 $0.00 $1,459.73 $260,316.82
204 $260,316.82 $687.45 $0.00 $1,471.87 $262,476.14
205 $262,476.14 $687.45 $0.00 $1,484.08 $264,647.67
206 $264,647.67 $687.45 $0.00 $1,496.36 $266,831.48
207 $266,831.48 $687.45 $0.00 $1,508.70 $269,027.63
208 $269,027.63 $687.45 $0.00 $1,521.12 $271,236.20
209 $271,236.20 $687.45 $0.00 $1,533.61 $273,457.26
210 $273,457.26 $687.45 $0.00 $1,546.17 $275,690.88
211 $275,690.88 $687.45 $0.00 $1,558.80 $277,937.13
212 $277,937.13 $687.45 $0.00 $1,571.50 $280,196.08
213 $280,196.08 $687.45 $0.00 $1,584.27 $282,467.80
214 $282,467.80 $687.45 $0.00 $1,597.11 $284,752.36
215 $284,752.36 $687.45 $0.00 $1,610.03 $287,049.84
216 $287,049.84 $687.45 $0.00 $1,623.02 $289,360.31
217 $289,360.31 $687.45 $80,595.27 $1,636.09 $211,088.58
218 $211,088.58 $687.45 $0.00 $1,193.53 $212,969.56
219 $212,969.56 $687.45 $0.00 $1,204.16 $214,861.17
220 $214,861.17 $687.45 $0.00 $1,214.86 $216,763.48
221 $216,763.48 $687.45 $0.00 $1,225.61 $218,676.54
222 $218,676.54 $687.45 $0.00 $1,236.43 $220,600.42
223 $220,600.42 $687.45 $0.00 $1,247.31 $222,535.18
224 $222,535.18 $687.45 $0.00 $1,258.25 $224,480.88
225 $224,480.88 $687.45 $0.00 $1,269.25 $226,437.58
226 $226,437.58 $687.45 $0.00 $1,280.31 $228,405.34
227 $228,405.34 $687.45 $0.00 $1,291.44 $230,384.23
228 $230,384.23 $687.45 $0.00 $1,302.63 $232,374.31
229 $232,374.31 $687.45 $84,625.04 $1,313.88 $149,750.60
230 $149,750.60 $687.45 $0.00 $846.71 $151,284.76
231 $151,284.76 $687.45 $0.00 $855.39 $152,827.60
232 $152,827.60 $687.45 $0.00 $864.11 $154,379.16
233 $154,379.16 $687.45 $0.00 $872.88 $155,939.49
234 $155,939.49 $687.45 $0.00 $881.70 $157,508.64
235 $157,508.64 $687.45 $0.00 $890.58 $159,086.67
236 $159,086.67 $687.45 $0.00 $899.50 $160,673.62
237 $160,673.62 $687.45 $0.00 $908.47 $162,269.54
238 $162,269.54 $687.45 $0.00 $917.50 $163,874.49
239 $163,874.49 $687.45 $0.00 $926.57 $165,488.51
240 $165,488.51 $687.45 $0.00 $935.70 $167,111.66
241 $167,111.66 $687.45 $88,856.29 $944.87 $79,887.69
242 $79,887.69 $687.45 $0.00 $451.70 $81,026.84
243 $81,026.84 $687.45 $0.00 $458.14 $82,172.43
244 $82,172.43 $687.45 $0.00 $464.61 $83,324.49
245 $83,324.49 $687.45 $0.00 $471.13 $84,483.07
246 $84,483.07 $687.45 $0.00 $477.68 $85,648.20
247 $85,648.20 $687.45 $0.00 $484.27 $86,819.92
248 $86,819.92 $687.45 $0.00 $490.89 $87,998.26
249 $87,998.26 $687.45 $0.00 $497.55 $89,183.26
250 $89,183.26 $687.45 $0.00 $504.26 $90,374.97
251 $90,374.97 $687.45 $0.00 $510.99 $91,573.41
252 $91,573.41 $687.45 $0.00 $517.77 $92,778.63
253 $92,778.63 $0.00 $93,299.10 $524.58 $4.11