Savings Plan and Future Cost Estimation for The College of Idaho

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$125,286
Monthly savings required$992

How much will it cost to send your child to The College of Idaho in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $501,142.52 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $991.74 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$48,313.00
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 $991.74 $0.00 $0.00 $991.74
2 $991.74 $991.74 $0.00 $5.61 $1,989.09
3 $1,989.09 $991.74 $0.00 $11.25 $2,992.08
4 $2,992.08 $991.74 $0.00 $16.92 $4,000.74
5 $4,000.74 $991.74 $0.00 $22.62 $5,015.10
6 $5,015.10 $991.74 $0.00 $28.36 $6,035.20
7 $6,035.20 $991.74 $0.00 $34.12 $7,061.06
8 $7,061.06 $991.74 $0.00 $39.92 $8,092.72
9 $8,092.72 $991.74 $0.00 $45.76 $9,130.22
10 $9,130.22 $991.74 $0.00 $51.62 $10,173.58
11 $10,173.58 $991.74 $0.00 $57.52 $11,222.84
12 $11,222.84 $991.74 $0.00 $63.46 $12,278.04
13 $12,278.04 $991.74 $0.00 $69.42 $13,339.20
14 $13,339.20 $991.74 $0.00 $75.42 $14,406.36
15 $14,406.36 $991.74 $0.00 $81.46 $15,479.56
16 $15,479.56 $991.74 $0.00 $87.52 $16,558.82
17 $16,558.82 $991.74 $0.00 $93.63 $17,644.19
18 $17,644.19 $991.74 $0.00 $99.76 $18,735.69
19 $18,735.69 $991.74 $0.00 $105.93 $19,833.36
20 $19,833.36 $991.74 $0.00 $112.14 $20,937.24
21 $20,937.24 $991.74 $0.00 $118.38 $22,047.36
22 $22,047.36 $991.74 $0.00 $124.66 $23,163.76
23 $23,163.76 $991.74 $0.00 $130.97 $24,286.47
24 $24,286.47 $991.74 $0.00 $137.32 $25,415.53
25 $25,415.53 $991.74 $0.00 $143.70 $26,550.97
26 $26,550.97 $991.74 $0.00 $150.12 $27,692.83
27 $27,692.83 $991.74 $0.00 $156.58 $28,841.15
28 $28,841.15 $991.74 $0.00 $163.07 $29,995.96
29 $29,995.96 $991.74 $0.00 $169.60 $31,157.30
30 $31,157.30 $991.74 $0.00 $176.17 $32,325.21
31 $32,325.21 $991.74 $0.00 $182.77 $33,499.72
32 $33,499.72 $991.74 $0.00 $189.41 $34,680.87
33 $34,680.87 $991.74 $0.00 $196.09 $35,868.70
34 $35,868.70 $991.74 $0.00 $202.81 $37,063.25
35 $37,063.25 $991.74 $0.00 $209.56 $38,264.55
36 $38,264.55 $991.74 $0.00 $216.35 $39,472.64
37 $39,472.64 $991.74 $0.00 $223.18 $40,687.56
38 $40,687.56 $991.74 $0.00 $230.05 $41,909.35
39 $41,909.35 $991.74 $0.00 $236.96 $43,138.05
40 $43,138.05 $991.74 $0.00 $243.91 $44,373.70
41 $44,373.70 $991.74 $0.00 $250.90 $45,616.34
42 $45,616.34 $991.74 $0.00 $257.92 $46,866.00
43 $46,866.00 $991.74 $0.00 $264.99 $48,122.73
44 $48,122.73 $991.74 $0.00 $272.09 $49,386.56
45 $49,386.56 $991.74 $0.00 $279.24 $50,657.54
46 $50,657.54 $991.74 $0.00 $286.43 $51,935.71
47 $51,935.71 $991.74 $0.00 $293.65 $53,221.10
48 $53,221.10 $991.74 $0.00 $300.92 $54,513.76
49 $54,513.76 $991.74 $0.00 $308.23 $55,813.73
50 $55,813.73 $991.74 $0.00 $315.58 $57,121.05
51 $57,121.05 $991.74 $0.00 $322.97 $58,435.76
52 $58,435.76 $991.74 $0.00 $330.40 $59,757.90
53 $59,757.90 $991.74 $0.00 $337.88 $61,087.52
54 $61,087.52 $991.74 $0.00 $345.40 $62,424.66
55 $62,424.66 $991.74 $0.00 $352.96 $63,769.36
56 $63,769.36 $991.74 $0.00 $360.56 $65,121.66
57 $65,121.66 $991.74 $0.00 $368.21 $66,481.61
58 $66,481.61 $991.74 $0.00 $375.90 $67,849.25
59 $67,849.25 $991.74 $0.00 $383.63 $69,224.62
60 $69,224.62 $991.74 $0.00 $391.41 $70,607.77
61 $70,607.77 $991.74 $0.00 $399.23 $71,998.74
62 $71,998.74 $991.74 $0.00 $407.09 $73,397.57
63 $73,397.57 $991.74 $0.00 $415.00 $74,804.31
64 $74,804.31 $991.74 $0.00 $422.95 $76,219.00
65 $76,219.00 $991.74 $0.00 $430.95 $77,641.69
66 $77,641.69 $991.74 $0.00 $439.00 $79,072.43
67 $79,072.43 $991.74 $0.00 $447.09 $80,511.26
68 $80,511.26 $991.74 $0.00 $455.22 $81,958.22
69 $81,958.22 $991.74 $0.00 $463.40 $83,413.36
70 $83,413.36 $991.74 $0.00 $471.63 $84,876.73
71 $84,876.73 $991.74 $0.00 $479.91 $86,348.38
72 $86,348.38 $991.74 $0.00 $488.23 $87,828.35
73 $87,828.35 $991.74 $0.00 $496.59 $89,316.68
74 $89,316.68 $991.74 $0.00 $505.01 $90,813.43
75 $90,813.43 $991.74 $0.00 $513.47 $92,318.64
76 $92,318.64 $991.74 $0.00 $521.98 $93,832.36
77 $93,832.36 $991.74 $0.00 $530.54 $95,354.64
78 $95,354.64 $991.74 $0.00 $539.15 $96,885.53
79 $96,885.53 $991.74 $0.00 $547.80 $98,425.07
80 $98,425.07 $991.74 $0.00 $556.51 $99,973.32
81 $99,973.32 $991.74 $0.00 $565.26 $101,530.32
82 $101,530.32 $991.74 $0.00 $574.07 $103,096.13
83 $103,096.13 $991.74 $0.00 $582.92 $104,670.79
84 $104,670.79 $991.74 $0.00 $591.82 $106,254.35
85 $106,254.35 $991.74 $0.00 $600.78 $107,846.87
86 $107,846.87 $991.74 $0.00 $609.78 $109,448.39
87 $109,448.39 $991.74 $0.00 $618.84 $111,058.97
88 $111,058.97 $991.74 $0.00 $627.94 $112,678.65
89 $112,678.65 $991.74 $0.00 $637.10 $114,307.49
90 $114,307.49 $991.74 $0.00 $646.31 $115,945.54
91 $115,945.54 $991.74 $0.00 $655.57 $117,592.85
92 $117,592.85 $991.74 $0.00 $664.89 $119,249.48
93 $119,249.48 $991.74 $0.00 $674.25 $120,915.47
94 $120,915.47 $991.74 $0.00 $683.67 $122,590.88
95 $122,590.88 $991.74 $0.00 $693.15 $124,275.77
96 $124,275.77 $991.74 $0.00 $702.67 $125,970.18
97 $125,970.18 $991.74 $0.00 $712.25 $127,674.17
98 $127,674.17 $991.74 $0.00 $721.89 $129,387.80
99 $129,387.80 $991.74 $0.00 $731.58 $131,111.12
100 $131,111.12 $991.74 $0.00 $741.32 $132,844.18
101 $132,844.18 $991.74 $0.00 $751.12 $134,587.04
102 $134,587.04 $991.74 $0.00 $760.97 $136,339.75
103 $136,339.75 $991.74 $0.00 $770.88 $138,102.37
104 $138,102.37 $991.74 $0.00 $780.85 $139,874.96
105 $139,874.96 $991.74 $0.00 $790.87 $141,657.57
106 $141,657.57 $991.74 $0.00 $800.95 $143,450.26
107 $143,450.26 $991.74 $0.00 $811.09 $145,253.09
108 $145,253.09 $991.74 $0.00 $821.28 $147,066.11
109 $147,066.11 $991.74 $0.00 $831.53 $148,889.38
110 $148,889.38 $991.74 $0.00 $841.84 $150,722.96
111 $150,722.96 $991.74 $0.00 $852.21 $152,566.91
112 $152,566.91 $991.74 $0.00 $862.64 $154,421.29
113 $154,421.29 $991.74 $0.00 $873.12 $156,286.15
114 $156,286.15 $991.74 $0.00 $883.66 $158,161.55
115 $158,161.55 $991.74 $0.00 $894.27 $160,047.56
116 $160,047.56 $991.74 $0.00 $904.93 $161,944.23
117 $161,944.23 $991.74 $0.00 $915.66 $163,851.63
118 $163,851.63 $991.74 $0.00 $926.44 $165,769.81
119 $165,769.81 $991.74 $0.00 $937.29 $167,698.84
120 $167,698.84 $991.74 $0.00 $948.19 $169,638.77
121 $169,638.77 $991.74 $0.00 $959.16 $171,589.67
122 $171,589.67 $991.74 $0.00 $970.19 $173,551.60
123 $173,551.60 $991.74 $0.00 $981.29 $175,524.63
124 $175,524.63 $991.74 $0.00 $992.44 $177,508.81
125 $177,508.81 $991.74 $0.00 $1,003.66 $179,504.21
126 $179,504.21 $991.74 $0.00 $1,014.94 $181,510.89
127 $181,510.89 $991.74 $0.00 $1,026.29 $183,528.92
128 $183,528.92 $991.74 $0.00 $1,037.70 $185,558.36
129 $185,558.36 $991.74 $0.00 $1,049.17 $187,599.27
130 $187,599.27 $991.74 $0.00 $1,060.71 $189,651.72
131 $189,651.72 $991.74 $0.00 $1,072.32 $191,715.78
132 $191,715.78 $991.74 $0.00 $1,083.99 $193,791.51
133 $193,791.51 $991.74 $0.00 $1,095.73 $195,878.98
134 $195,878.98 $991.74 $0.00 $1,107.53 $197,978.25
135 $197,978.25 $991.74 $0.00 $1,119.40 $200,089.39
136 $200,089.39 $991.74 $0.00 $1,131.33 $202,212.46
137 $202,212.46 $991.74 $0.00 $1,143.34 $204,347.54
138 $204,347.54 $991.74 $0.00 $1,155.41 $206,494.69
139 $206,494.69 $991.74 $0.00 $1,167.55 $208,653.98
140 $208,653.98 $991.74 $0.00 $1,179.76 $210,825.48
141 $210,825.48 $991.74 $0.00 $1,192.04 $213,009.26
142 $213,009.26 $991.74 $0.00 $1,204.39 $215,205.39
143 $215,205.39 $991.74 $0.00 $1,216.80 $217,413.93
144 $217,413.93 $991.74 $0.00 $1,229.29 $219,634.96
145 $219,634.96 $991.74 $0.00 $1,241.85 $221,868.55
146 $221,868.55 $991.74 $0.00 $1,254.48 $224,114.77
147 $224,114.77 $991.74 $0.00 $1,267.18 $226,373.69
148 $226,373.69 $991.74 $0.00 $1,279.95 $228,645.38
149 $228,645.38 $991.74 $0.00 $1,292.79 $230,929.91
150 $230,929.91 $991.74 $0.00 $1,305.71 $233,227.36
151 $233,227.36 $991.74 $0.00 $1,318.70 $235,537.80
152 $235,537.80 $991.74 $0.00 $1,331.76 $237,861.30
153 $237,861.30 $991.74 $0.00 $1,344.90 $240,197.94
154 $240,197.94 $991.74 $0.00 $1,358.11 $242,547.79
155 $242,547.79 $991.74 $0.00 $1,371.40 $244,910.93
156 $244,910.93 $991.74 $0.00 $1,384.76 $247,287.43
157 $247,287.43 $991.74 $0.00 $1,398.20 $249,677.37
158 $249,677.37 $991.74 $0.00 $1,411.71 $252,080.82
159 $252,080.82 $991.74 $0.00 $1,425.30 $254,497.86
160 $254,497.86 $991.74 $0.00 $1,438.97 $256,928.57
161 $256,928.57 $991.74 $0.00 $1,452.71 $259,373.02
162 $259,373.02 $991.74 $0.00 $1,466.53 $261,831.29
163 $261,831.29 $991.74 $0.00 $1,480.43 $264,303.46
164 $264,303.46 $991.74 $0.00 $1,494.41 $266,789.61
165 $266,789.61 $991.74 $0.00 $1,508.47 $269,289.82
166 $269,289.82 $991.74 $0.00 $1,522.60 $271,804.16
167 $271,804.16 $991.74 $0.00 $1,536.82 $274,332.72
168 $274,332.72 $991.74 $0.00 $1,551.12 $276,875.58
169 $276,875.58 $991.74 $0.00 $1,565.49 $279,432.81
170 $279,432.81 $991.74 $0.00 $1,579.95 $282,004.50
171 $282,004.50 $991.74 $0.00 $1,594.49 $284,590.73
172 $284,590.73 $991.74 $0.00 $1,609.12 $287,191.59
173 $287,191.59 $991.74 $0.00 $1,623.82 $289,807.15
174 $289,807.15 $991.74 $0.00 $1,638.61 $292,437.50
175 $292,437.50 $991.74 $0.00 $1,653.48 $295,082.72
176 $295,082.72 $991.74 $0.00 $1,668.44 $297,742.90
177 $297,742.90 $991.74 $0.00 $1,683.48 $300,418.12
178 $300,418.12 $991.74 $0.00 $1,698.61 $303,108.47
179 $303,108.47 $991.74 $0.00 $1,713.82 $305,814.03
180 $305,814.03 $991.74 $0.00 $1,729.12 $308,534.89
181 $308,534.89 $991.74 $0.00 $1,744.50 $311,271.13
182 $311,271.13 $991.74 $0.00 $1,759.97 $314,022.84
183 $314,022.84 $991.74 $0.00 $1,775.53 $316,790.11
184 $316,790.11 $991.74 $0.00 $1,791.18 $319,573.03
185 $319,573.03 $991.74 $0.00 $1,806.91 $322,371.68
186 $322,371.68 $991.74 $0.00 $1,822.74 $325,186.16
187 $325,186.16 $991.74 $0.00 $1,838.65 $328,016.55
188 $328,016.55 $991.74 $0.00 $1,854.65 $330,862.94
189 $330,862.94 $991.74 $0.00 $1,870.75 $333,725.43
190 $333,725.43 $991.74 $0.00 $1,886.93 $336,604.10
191 $336,604.10 $991.74 $0.00 $1,903.21 $339,499.05
192 $339,499.05 $991.74 $0.00 $1,919.58 $342,410.37
193 $342,410.37 $991.74 $0.00 $1,936.04 $345,338.15
194 $345,338.15 $991.74 $0.00 $1,952.59 $348,282.48
195 $348,282.48 $991.74 $0.00 $1,969.24 $351,243.46
196 $351,243.46 $991.74 $0.00 $1,985.98 $354,221.18
197 $354,221.18 $991.74 $0.00 $2,002.82 $357,215.74
198 $357,215.74 $991.74 $0.00 $2,019.75 $360,227.23
199 $360,227.23 $991.74 $0.00 $2,036.78 $363,255.75
200 $363,255.75 $991.74 $0.00 $2,053.90 $366,301.39
201 $366,301.39 $991.74 $0.00 $2,071.12 $369,364.25
202 $369,364.25 $991.74 $0.00 $2,088.44 $372,444.43
203 $372,444.43 $991.74 $0.00 $2,105.85 $375,542.02
204 $375,542.02 $991.74 $0.00 $2,123.37 $378,657.13
205 $378,657.13 $991.74 $0.00 $2,140.98 $381,789.85
206 $381,789.85 $991.74 $0.00 $2,158.70 $384,940.29
207 $384,940.29 $991.74 $0.00 $2,176.51 $388,108.54
208 $388,108.54 $991.74 $0.00 $2,194.42 $391,294.70
209 $391,294.70 $991.74 $0.00 $2,212.44 $394,498.88
210 $394,498.88 $991.74 $0.00 $2,230.55 $397,721.17
211 $397,721.17 $991.74 $0.00 $2,248.77 $400,961.68
212 $400,961.68 $991.74 $0.00 $2,267.10 $404,220.52
213 $404,220.52 $991.74 $0.00 $2,285.52 $407,497.78
214 $407,497.78 $991.74 $0.00 $2,304.05 $410,793.57
215 $410,793.57 $991.74 $0.00 $2,322.69 $414,108.00
216 $414,108.00 $991.74 $0.00 $2,341.43 $417,441.17
217 $417,441.17 $991.74 $116,271.00 $2,360.27 $304,522.18
218 $304,522.18 $991.74 $0.00 $1,721.81 $307,235.73
219 $307,235.73 $991.74 $0.00 $1,737.16 $309,964.63
220 $309,964.63 $991.74 $0.00 $1,752.59 $312,708.96
221 $312,708.96 $991.74 $0.00 $1,768.10 $315,468.80
222 $315,468.80 $991.74 $0.00 $1,783.71 $318,244.25
223 $318,244.25 $991.74 $0.00 $1,799.40 $321,035.39
224 $321,035.39 $991.74 $0.00 $1,815.18 $323,842.31
225 $323,842.31 $991.74 $0.00 $1,831.05 $326,665.10
226 $326,665.10 $991.74 $0.00 $1,847.01 $329,503.85
227 $329,503.85 $991.74 $0.00 $1,863.06 $332,358.65
228 $332,358.65 $991.74 $0.00 $1,879.20 $335,229.59
229 $335,229.59 $991.74 $122,084.54 $1,895.44 $216,032.23
230 $216,032.23 $991.74 $0.00 $1,221.48 $218,245.45
231 $218,245.45 $991.74 $0.00 $1,233.99 $220,471.18
232 $220,471.18 $991.74 $0.00 $1,246.58 $222,709.50
233 $222,709.50 $991.74 $0.00 $1,259.23 $224,960.47
234 $224,960.47 $991.74 $0.00 $1,271.96 $227,224.17
235 $227,224.17 $991.74 $0.00 $1,284.76 $229,500.67
236 $229,500.67 $991.74 $0.00 $1,297.63 $231,790.04
237 $231,790.04 $991.74 $0.00 $1,310.57 $234,092.35
238 $234,092.35 $991.74 $0.00 $1,323.59 $236,407.68
239 $236,407.68 $991.74 $0.00 $1,336.68 $238,736.10
240 $238,736.10 $991.74 $0.00 $1,349.85 $241,077.69
241 $241,077.69 $991.74 $128,188.77 $1,363.09 $115,243.75
242 $115,243.75 $991.74 $0.00 $651.60 $116,887.09
243 $116,887.09 $991.74 $0.00 $660.90 $118,539.73
244 $118,539.73 $991.74 $0.00 $670.24 $120,201.71
245 $120,201.71 $991.74 $0.00 $679.64 $121,873.09
246 $121,873.09 $991.74 $0.00 $689.09 $123,553.92
247 $123,553.92 $991.74 $0.00 $698.59 $125,244.25
248 $125,244.25 $991.74 $0.00 $708.15 $126,944.14
249 $126,944.14 $991.74 $0.00 $717.76 $128,653.64
250 $128,653.64 $991.74 $0.00 $727.43 $130,372.81
251 $130,372.81 $991.74 $0.00 $737.15 $132,101.70
252 $132,101.70 $991.74 $0.00 $746.92 $133,840.36
253 $133,840.36 $0.00 $134,598.21 $756.75 ($1.10)