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 2039$118,779
Monthly savings required$940

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 $475,117.09 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $940.24 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$45,804.00
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 $940.24 $0.00 $0.00 $940.24
2 $940.24 $940.24 $0.00 $5.32 $1,885.80
3 $1,885.80 $940.24 $0.00 $10.66 $2,836.70
4 $2,836.70 $940.24 $0.00 $16.04 $3,792.98
5 $3,792.98 $940.24 $0.00 $21.45 $4,754.67
6 $4,754.67 $940.24 $0.00 $26.88 $5,721.79
7 $5,721.79 $940.24 $0.00 $32.35 $6,694.38
8 $6,694.38 $940.24 $0.00 $37.85 $7,672.47
9 $7,672.47 $940.24 $0.00 $43.38 $8,656.09
10 $8,656.09 $940.24 $0.00 $48.94 $9,645.27
11 $9,645.27 $940.24 $0.00 $54.54 $10,640.05
12 $10,640.05 $940.24 $0.00 $60.16 $11,640.45
13 $11,640.45 $940.24 $0.00 $65.82 $12,646.51
14 $12,646.51 $940.24 $0.00 $71.51 $13,658.26
15 $13,658.26 $940.24 $0.00 $77.23 $14,675.73
16 $14,675.73 $940.24 $0.00 $82.98 $15,698.95
17 $15,698.95 $940.24 $0.00 $88.76 $16,727.95
18 $16,727.95 $940.24 $0.00 $94.58 $17,762.77
19 $17,762.77 $940.24 $0.00 $100.43 $18,803.44
20 $18,803.44 $940.24 $0.00 $106.32 $19,850.00
21 $19,850.00 $940.24 $0.00 $112.23 $20,902.47
22 $20,902.47 $940.24 $0.00 $118.19 $21,960.90
23 $21,960.90 $940.24 $0.00 $124.17 $23,025.31
24 $23,025.31 $940.24 $0.00 $130.19 $24,095.74
25 $24,095.74 $940.24 $0.00 $136.24 $25,172.22
26 $25,172.22 $940.24 $0.00 $142.33 $26,254.79
27 $26,254.79 $940.24 $0.00 $148.45 $27,343.48
28 $27,343.48 $940.24 $0.00 $154.60 $28,438.32
29 $28,438.32 $940.24 $0.00 $160.79 $29,539.35
30 $29,539.35 $940.24 $0.00 $167.02 $30,646.61
31 $30,646.61 $940.24 $0.00 $173.28 $31,760.13
32 $31,760.13 $940.24 $0.00 $179.58 $32,879.95
33 $32,879.95 $940.24 $0.00 $185.91 $34,006.10
34 $34,006.10 $940.24 $0.00 $192.28 $35,138.62
35 $35,138.62 $940.24 $0.00 $198.68 $36,277.54
36 $36,277.54 $940.24 $0.00 $205.12 $37,422.90
37 $37,422.90 $940.24 $0.00 $211.59 $38,574.73
38 $38,574.73 $940.24 $0.00 $218.11 $39,733.08
39 $39,733.08 $940.24 $0.00 $224.66 $40,897.98
40 $40,897.98 $940.24 $0.00 $231.24 $42,069.46
41 $42,069.46 $940.24 $0.00 $237.87 $43,247.57
42 $43,247.57 $940.24 $0.00 $244.53 $44,432.34
43 $44,432.34 $940.24 $0.00 $251.23 $45,623.81
44 $45,623.81 $940.24 $0.00 $257.96 $46,822.01
45 $46,822.01 $940.24 $0.00 $264.74 $48,026.99
46 $48,026.99 $940.24 $0.00 $271.55 $49,238.78
47 $49,238.78 $940.24 $0.00 $278.40 $50,457.42
48 $50,457.42 $940.24 $0.00 $285.29 $51,682.95
49 $51,682.95 $940.24 $0.00 $292.22 $52,915.41
50 $52,915.41 $940.24 $0.00 $299.19 $54,154.84
51 $54,154.84 $940.24 $0.00 $306.20 $55,401.28
52 $55,401.28 $940.24 $0.00 $313.25 $56,654.77
53 $56,654.77 $940.24 $0.00 $320.33 $57,915.34
54 $57,915.34 $940.24 $0.00 $327.46 $59,183.04
55 $59,183.04 $940.24 $0.00 $334.63 $60,457.91
56 $60,457.91 $940.24 $0.00 $341.84 $61,739.99
57 $61,739.99 $940.24 $0.00 $349.09 $63,029.32
58 $63,029.32 $940.24 $0.00 $356.38 $64,325.94
59 $64,325.94 $940.24 $0.00 $363.71 $65,629.89
60 $65,629.89 $940.24 $0.00 $371.08 $66,941.21
61 $66,941.21 $940.24 $0.00 $378.50 $68,259.95
62 $68,259.95 $940.24 $0.00 $385.95 $69,586.14
63 $69,586.14 $940.24 $0.00 $393.45 $70,919.83
64 $70,919.83 $940.24 $0.00 $400.99 $72,261.06
65 $72,261.06 $940.24 $0.00 $408.57 $73,609.87
66 $73,609.87 $940.24 $0.00 $416.20 $74,966.31
67 $74,966.31 $940.24 $0.00 $423.87 $76,330.42
68 $76,330.42 $940.24 $0.00 $431.58 $77,702.24
69 $77,702.24 $940.24 $0.00 $439.34 $79,081.82
70 $79,081.82 $940.24 $0.00 $447.14 $80,469.20
71 $80,469.20 $940.24 $0.00 $454.98 $81,864.42
72 $81,864.42 $940.24 $0.00 $462.87 $83,267.53
73 $83,267.53 $940.24 $0.00 $470.81 $84,678.58
74 $84,678.58 $940.24 $0.00 $478.79 $86,097.61
75 $86,097.61 $940.24 $0.00 $486.81 $87,524.66
76 $87,524.66 $940.24 $0.00 $494.88 $88,959.78
77 $88,959.78 $940.24 $0.00 $502.99 $90,403.01
78 $90,403.01 $940.24 $0.00 $511.15 $91,854.40
79 $91,854.40 $940.24 $0.00 $519.36 $93,314.00
80 $93,314.00 $940.24 $0.00 $527.61 $94,781.85
81 $94,781.85 $940.24 $0.00 $535.91 $96,258.00
82 $96,258.00 $940.24 $0.00 $544.26 $97,742.50
83 $97,742.50 $940.24 $0.00 $552.65 $99,235.39
84 $99,235.39 $940.24 $0.00 $561.09 $100,736.72
85 $100,736.72 $940.24 $0.00 $569.58 $102,246.54
86 $102,246.54 $940.24 $0.00 $578.12 $103,764.90
87 $103,764.90 $940.24 $0.00 $586.70 $105,291.84
88 $105,291.84 $940.24 $0.00 $595.34 $106,827.42
89 $106,827.42 $940.24 $0.00 $604.02 $108,371.68
90 $108,371.68 $940.24 $0.00 $612.75 $109,924.67
91 $109,924.67 $940.24 $0.00 $621.53 $111,486.44
92 $111,486.44 $940.24 $0.00 $630.36 $113,057.04
93 $113,057.04 $940.24 $0.00 $639.24 $114,636.52
94 $114,636.52 $940.24 $0.00 $648.17 $116,224.93
95 $116,224.93 $940.24 $0.00 $657.15 $117,822.32
96 $117,822.32 $940.24 $0.00 $666.18 $119,428.74
97 $119,428.74 $940.24 $0.00 $675.27 $121,044.25
98 $121,044.25 $940.24 $0.00 $684.40 $122,668.89
99 $122,668.89 $940.24 $0.00 $693.59 $124,302.72
100 $124,302.72 $940.24 $0.00 $702.83 $125,945.79
101 $125,945.79 $940.24 $0.00 $712.12 $127,598.15
102 $127,598.15 $940.24 $0.00 $721.46 $129,259.85
103 $129,259.85 $940.24 $0.00 $730.85 $130,930.94
104 $130,930.94 $940.24 $0.00 $740.30 $132,611.48
105 $132,611.48 $940.24 $0.00 $749.80 $134,301.52
106 $134,301.52 $940.24 $0.00 $759.36 $136,001.12
107 $136,001.12 $940.24 $0.00 $768.97 $137,710.33
108 $137,710.33 $940.24 $0.00 $778.63 $139,429.20
109 $139,429.20 $940.24 $0.00 $788.35 $141,157.79
110 $141,157.79 $940.24 $0.00 $798.13 $142,896.16
111 $142,896.16 $940.24 $0.00 $807.96 $144,644.36
112 $144,644.36 $940.24 $0.00 $817.84 $146,402.44
113 $146,402.44 $940.24 $0.00 $827.78 $148,170.46
114 $148,170.46 $940.24 $0.00 $837.78 $149,948.48
115 $149,948.48 $940.24 $0.00 $847.83 $151,736.55
116 $151,736.55 $940.24 $0.00 $857.94 $153,534.73
117 $153,534.73 $940.24 $0.00 $868.11 $155,343.08
118 $155,343.08 $940.24 $0.00 $878.33 $157,161.65
119 $157,161.65 $940.24 $0.00 $888.61 $158,990.50
120 $158,990.50 $940.24 $0.00 $898.96 $160,829.70
121 $160,829.70 $940.24 $0.00 $909.35 $162,679.29
122 $162,679.29 $940.24 $0.00 $919.81 $164,539.34
123 $164,539.34 $940.24 $0.00 $930.33 $166,409.91
124 $166,409.91 $940.24 $0.00 $940.91 $168,291.06
125 $168,291.06 $940.24 $0.00 $951.54 $170,182.84
126 $170,182.84 $940.24 $0.00 $962.24 $172,085.32
127 $172,085.32 $940.24 $0.00 $973.00 $173,998.56
128 $173,998.56 $940.24 $0.00 $983.81 $175,922.61
129 $175,922.61 $940.24 $0.00 $994.69 $177,857.54
130 $177,857.54 $940.24 $0.00 $1,005.63 $179,803.41
131 $179,803.41 $940.24 $0.00 $1,016.63 $181,760.28
132 $181,760.28 $940.24 $0.00 $1,027.70 $183,728.22
133 $183,728.22 $940.24 $0.00 $1,038.83 $185,707.29
134 $185,707.29 $940.24 $0.00 $1,050.02 $187,697.55
135 $187,697.55 $940.24 $0.00 $1,061.27 $189,699.06
136 $189,699.06 $940.24 $0.00 $1,072.59 $191,711.89
137 $191,711.89 $940.24 $0.00 $1,083.97 $193,736.10
138 $193,736.10 $940.24 $0.00 $1,095.41 $195,771.75
139 $195,771.75 $940.24 $0.00 $1,106.92 $197,818.91
140 $197,818.91 $940.24 $0.00 $1,118.50 $199,877.65
141 $199,877.65 $940.24 $0.00 $1,130.14 $201,948.03
142 $201,948.03 $940.24 $0.00 $1,141.84 $204,030.11
143 $204,030.11 $940.24 $0.00 $1,153.62 $206,123.97
144 $206,123.97 $940.24 $0.00 $1,165.45 $208,229.66
145 $208,229.66 $940.24 $0.00 $1,177.36 $210,347.26
146 $210,347.26 $940.24 $0.00 $1,189.33 $212,476.83
147 $212,476.83 $940.24 $0.00 $1,201.37 $214,618.44
148 $214,618.44 $940.24 $0.00 $1,213.48 $216,772.16
149 $216,772.16 $940.24 $0.00 $1,225.66 $218,938.06
150 $218,938.06 $940.24 $0.00 $1,237.91 $221,116.21
151 $221,116.21 $940.24 $0.00 $1,250.22 $223,306.67
152 $223,306.67 $940.24 $0.00 $1,262.61 $225,509.52
153 $225,509.52 $940.24 $0.00 $1,275.06 $227,724.82
154 $227,724.82 $940.24 $0.00 $1,287.59 $229,952.65
155 $229,952.65 $940.24 $0.00 $1,300.19 $232,193.08
156 $232,193.08 $940.24 $0.00 $1,312.85 $234,446.17
157 $234,446.17 $940.24 $0.00 $1,325.59 $236,712.00
158 $236,712.00 $940.24 $0.00 $1,338.40 $238,990.64
159 $238,990.64 $940.24 $0.00 $1,351.29 $241,282.17
160 $241,282.17 $940.24 $0.00 $1,364.24 $243,586.65
161 $243,586.65 $940.24 $0.00 $1,377.27 $245,904.16
162 $245,904.16 $940.24 $0.00 $1,390.38 $248,234.78
163 $248,234.78 $940.24 $0.00 $1,403.56 $250,578.58
164 $250,578.58 $940.24 $0.00 $1,416.81 $252,935.63
165 $252,935.63 $940.24 $0.00 $1,430.13 $255,306.00
166 $255,306.00 $940.24 $0.00 $1,443.54 $257,689.78
167 $257,689.78 $940.24 $0.00 $1,457.02 $260,087.04
168 $260,087.04 $940.24 $0.00 $1,470.57 $262,497.85
169 $262,497.85 $940.24 $0.00 $1,484.20 $264,922.29
170 $264,922.29 $940.24 $0.00 $1,497.91 $267,360.44
171 $267,360.44 $940.24 $0.00 $1,511.69 $269,812.37
172 $269,812.37 $940.24 $0.00 $1,525.56 $272,278.17
173 $272,278.17 $940.24 $0.00 $1,539.50 $274,757.91
174 $274,757.91 $940.24 $0.00 $1,553.52 $277,251.67
175 $277,251.67 $940.24 $0.00 $1,567.62 $279,759.53
176 $279,759.53 $940.24 $0.00 $1,581.80 $282,281.57
177 $282,281.57 $940.24 $0.00 $1,596.06 $284,817.87
178 $284,817.87 $940.24 $0.00 $1,610.40 $287,368.51
179 $287,368.51 $940.24 $0.00 $1,624.82 $289,933.57
180 $289,933.57 $940.24 $0.00 $1,639.33 $292,513.14
181 $292,513.14 $940.24 $0.00 $1,653.91 $295,107.29
182 $295,107.29 $940.24 $0.00 $1,668.58 $297,716.11
183 $297,716.11 $940.24 $0.00 $1,683.33 $300,339.68
184 $300,339.68 $940.24 $0.00 $1,698.16 $302,978.08
185 $302,978.08 $940.24 $0.00 $1,713.08 $305,631.40
186 $305,631.40 $940.24 $0.00 $1,728.08 $308,299.72
187 $308,299.72 $940.24 $0.00 $1,743.17 $310,983.13
188 $310,983.13 $940.24 $0.00 $1,758.34 $313,681.71
189 $313,681.71 $940.24 $0.00 $1,773.60 $316,395.55
190 $316,395.55 $940.24 $0.00 $1,788.95 $319,124.74
191 $319,124.74 $940.24 $0.00 $1,804.38 $321,869.36
192 $321,869.36 $940.24 $0.00 $1,819.90 $324,629.50
193 $324,629.50 $940.24 $0.00 $1,835.50 $327,405.24
194 $327,405.24 $940.24 $0.00 $1,851.20 $330,196.68
195 $330,196.68 $940.24 $0.00 $1,866.98 $333,003.90
196 $333,003.90 $940.24 $0.00 $1,882.85 $335,826.99
197 $335,826.99 $940.24 $0.00 $1,898.81 $338,666.04
198 $338,666.04 $940.24 $0.00 $1,914.87 $341,521.15
199 $341,521.15 $940.24 $0.00 $1,931.01 $344,392.40
200 $344,392.40 $940.24 $0.00 $1,947.24 $347,279.88
201 $347,279.88 $940.24 $0.00 $1,963.57 $350,183.69
202 $350,183.69 $940.24 $0.00 $1,979.99 $353,103.92
203 $353,103.92 $940.24 $0.00 $1,996.50 $356,040.66
204 $356,040.66 $940.24 $0.00 $2,013.11 $358,994.01
205 $358,994.01 $940.24 $0.00 $2,029.80 $361,964.05
206 $361,964.05 $940.24 $0.00 $2,046.60 $364,950.89
207 $364,950.89 $940.24 $0.00 $2,063.49 $367,954.62
208 $367,954.62 $940.24 $0.00 $2,080.47 $370,975.33
209 $370,975.33 $940.24 $0.00 $2,097.55 $374,013.12
210 $374,013.12 $940.24 $0.00 $2,114.72 $377,068.08
211 $377,068.08 $940.24 $0.00 $2,132.00 $380,140.32
212 $380,140.32 $940.24 $0.00 $2,149.37 $383,229.93
213 $383,229.93 $940.24 $0.00 $2,166.84 $386,337.01
214 $386,337.01 $940.24 $0.00 $2,184.41 $389,461.66
215 $389,461.66 $940.24 $0.00 $2,202.07 $392,603.97
216 $392,603.97 $940.24 $0.00 $2,219.84 $395,764.05
217 $395,764.05 $940.24 $110,232.79 $2,237.71 $288,709.21
218 $288,709.21 $940.24 $0.00 $1,632.40 $291,281.85
219 $291,281.85 $940.24 $0.00 $1,646.95 $293,869.04
220 $293,869.04 $940.24 $0.00 $1,661.58 $296,470.86
221 $296,470.86 $940.24 $0.00 $1,676.29 $299,087.39
222 $299,087.39 $940.24 $0.00 $1,691.08 $301,718.71
223 $301,718.71 $940.24 $0.00 $1,705.96 $304,364.91
224 $304,364.91 $940.24 $0.00 $1,720.92 $307,026.07
225 $307,026.07 $940.24 $0.00 $1,735.97 $309,702.28
226 $309,702.28 $940.24 $0.00 $1,751.10 $312,393.62
227 $312,393.62 $940.24 $0.00 $1,766.32 $315,100.18
228 $315,100.18 $940.24 $0.00 $1,781.62 $317,822.04
229 $317,822.04 $940.24 $115,744.43 $1,797.01 $204,814.86
230 $204,814.86 $940.24 $0.00 $1,158.05 $206,913.15
231 $206,913.15 $940.24 $0.00 $1,169.92 $209,023.31
232 $209,023.31 $940.24 $0.00 $1,181.85 $211,145.40
233 $211,145.40 $940.24 $0.00 $1,193.85 $213,279.49
234 $213,279.49 $940.24 $0.00 $1,205.91 $215,425.64
235 $215,425.64 $940.24 $0.00 $1,218.05 $217,583.93
236 $217,583.93 $940.24 $0.00 $1,230.25 $219,754.42
237 $219,754.42 $940.24 $0.00 $1,242.52 $221,937.18
238 $221,937.18 $940.24 $0.00 $1,254.87 $224,132.29
239 $224,132.29 $940.24 $0.00 $1,267.28 $226,339.81
240 $226,339.81 $940.24 $0.00 $1,279.76 $228,559.81
241 $228,559.81 $940.24 $121,531.65 $1,292.31 $109,260.71
242 $109,260.71 $940.24 $0.00 $617.78 $110,818.73
243 $110,818.73 $940.24 $0.00 $626.59 $112,385.56
244 $112,385.56 $940.24 $0.00 $635.44 $113,961.24
245 $113,961.24 $940.24 $0.00 $644.35 $115,545.83
246 $115,545.83 $940.24 $0.00 $653.31 $117,139.38
247 $117,139.38 $940.24 $0.00 $662.32 $118,741.94
248 $118,741.94 $940.24 $0.00 $671.38 $120,353.56
249 $120,353.56 $940.24 $0.00 $680.50 $121,974.30
250 $121,974.30 $940.24 $0.00 $689.66 $123,604.20
251 $123,604.20 $940.24 $0.00 $698.88 $125,243.32
252 $125,243.32 $940.24 $0.00 $708.14 $126,891.70
253 $126,891.70 $0.00 $127,608.23 $717.46 $0.93