Savings Plan and Future Cost Estimation for Rockford College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$119,946
Monthly savings required$949

How much will it cost to send your child to Rockford College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $479,784.87 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $949.47 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$46,254.00
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 $949.47 $0.00 $0.00 $949.47
2 $949.47 $949.47 $0.00 $5.37 $1,904.31
3 $1,904.31 $949.47 $0.00 $10.77 $2,864.55
4 $2,864.55 $949.47 $0.00 $16.20 $3,830.22
5 $3,830.22 $949.47 $0.00 $21.66 $4,801.35
6 $4,801.35 $949.47 $0.00 $27.15 $5,777.97
7 $5,777.97 $949.47 $0.00 $32.67 $6,760.11
8 $6,760.11 $949.47 $0.00 $38.22 $7,747.80
9 $7,747.80 $949.47 $0.00 $43.81 $8,741.08
10 $8,741.08 $949.47 $0.00 $49.42 $9,739.97
11 $9,739.97 $949.47 $0.00 $55.07 $10,744.51
12 $10,744.51 $949.47 $0.00 $60.75 $11,754.73
13 $11,754.73 $949.47 $0.00 $66.46 $12,770.66
14 $12,770.66 $949.47 $0.00 $72.21 $13,792.34
15 $13,792.34 $949.47 $0.00 $77.98 $14,819.79
16 $14,819.79 $949.47 $0.00 $83.79 $15,853.05
17 $15,853.05 $949.47 $0.00 $89.64 $16,892.16
18 $16,892.16 $949.47 $0.00 $95.51 $17,937.14
19 $17,937.14 $949.47 $0.00 $101.42 $18,988.03
20 $18,988.03 $949.47 $0.00 $107.36 $20,044.86
21 $20,044.86 $949.47 $0.00 $113.34 $21,107.67
22 $21,107.67 $949.47 $0.00 $119.35 $22,176.49
23 $22,176.49 $949.47 $0.00 $125.39 $23,251.35
24 $23,251.35 $949.47 $0.00 $131.47 $24,332.29
25 $24,332.29 $949.47 $0.00 $137.58 $25,419.34
26 $25,419.34 $949.47 $0.00 $143.72 $26,512.53
27 $26,512.53 $949.47 $0.00 $149.91 $27,611.91
28 $27,611.91 $949.47 $0.00 $156.12 $28,717.50
29 $28,717.50 $949.47 $0.00 $162.37 $29,829.34
30 $29,829.34 $949.47 $0.00 $168.66 $30,947.47
31 $30,947.47 $949.47 $0.00 $174.98 $32,071.92
32 $32,071.92 $949.47 $0.00 $181.34 $33,202.73
33 $33,202.73 $949.47 $0.00 $187.73 $34,339.93
34 $34,339.93 $949.47 $0.00 $194.16 $35,483.56
35 $35,483.56 $949.47 $0.00 $200.63 $36,633.66
36 $36,633.66 $949.47 $0.00 $207.13 $37,790.26
37 $37,790.26 $949.47 $0.00 $213.67 $38,953.40
38 $38,953.40 $949.47 $0.00 $220.25 $40,123.12
39 $40,123.12 $949.47 $0.00 $226.86 $41,299.45
40 $41,299.45 $949.47 $0.00 $233.51 $42,482.43
41 $42,482.43 $949.47 $0.00 $240.20 $43,672.10
42 $43,672.10 $949.47 $0.00 $246.93 $44,868.50
43 $44,868.50 $949.47 $0.00 $253.69 $46,071.66
44 $46,071.66 $949.47 $0.00 $260.50 $47,281.63
45 $47,281.63 $949.47 $0.00 $267.34 $48,498.44
46 $48,498.44 $949.47 $0.00 $274.22 $49,722.13
47 $49,722.13 $949.47 $0.00 $281.14 $50,952.74
48 $50,952.74 $949.47 $0.00 $288.09 $52,190.30
49 $52,190.30 $949.47 $0.00 $295.09 $53,434.86
50 $53,434.86 $949.47 $0.00 $302.13 $54,686.46
51 $54,686.46 $949.47 $0.00 $309.21 $55,945.14
52 $55,945.14 $949.47 $0.00 $316.32 $57,210.93
53 $57,210.93 $949.47 $0.00 $323.48 $58,483.88
54 $58,483.88 $949.47 $0.00 $330.68 $59,764.03
55 $59,764.03 $949.47 $0.00 $337.91 $61,051.41
56 $61,051.41 $949.47 $0.00 $345.19 $62,346.07
57 $62,346.07 $949.47 $0.00 $352.51 $63,648.05
58 $63,648.05 $949.47 $0.00 $359.88 $64,957.40
59 $64,957.40 $949.47 $0.00 $367.28 $66,274.15
60 $66,274.15 $949.47 $0.00 $374.72 $67,598.34
61 $67,598.34 $949.47 $0.00 $382.21 $68,930.02
62 $68,930.02 $949.47 $0.00 $389.74 $70,269.23
63 $70,269.23 $949.47 $0.00 $397.31 $71,616.01
64 $71,616.01 $949.47 $0.00 $404.93 $72,970.41
65 $72,970.41 $949.47 $0.00 $412.59 $74,332.47
66 $74,332.47 $949.47 $0.00 $420.29 $75,702.23
67 $75,702.23 $949.47 $0.00 $428.03 $77,079.73
68 $77,079.73 $949.47 $0.00 $435.82 $78,465.02
69 $78,465.02 $949.47 $0.00 $443.65 $79,858.14
70 $79,858.14 $949.47 $0.00 $451.53 $81,259.14
71 $81,259.14 $949.47 $0.00 $459.45 $82,668.06
72 $82,668.06 $949.47 $0.00 $467.42 $84,084.95
73 $84,084.95 $949.47 $0.00 $475.43 $85,509.85
74 $85,509.85 $949.47 $0.00 $483.49 $86,942.81
75 $86,942.81 $949.47 $0.00 $491.59 $88,383.87
76 $88,383.87 $949.47 $0.00 $499.74 $89,833.08
77 $89,833.08 $949.47 $0.00 $507.93 $91,290.48
78 $91,290.48 $949.47 $0.00 $516.17 $92,756.12
79 $92,756.12 $949.47 $0.00 $524.46 $94,230.05
80 $94,230.05 $949.47 $0.00 $532.79 $95,712.31
81 $95,712.31 $949.47 $0.00 $541.17 $97,202.95
82 $97,202.95 $949.47 $0.00 $549.60 $98,702.02
83 $98,702.02 $949.47 $0.00 $558.08 $100,209.57
84 $100,209.57 $949.47 $0.00 $566.60 $101,725.64
85 $101,725.64 $949.47 $0.00 $575.17 $103,250.28
86 $103,250.28 $949.47 $0.00 $583.79 $104,783.54
87 $104,783.54 $949.47 $0.00 $592.46 $106,325.47
88 $106,325.47 $949.47 $0.00 $601.18 $107,876.12
89 $107,876.12 $949.47 $0.00 $609.95 $109,435.54
90 $109,435.54 $949.47 $0.00 $618.76 $111,003.77
91 $111,003.77 $949.47 $0.00 $627.63 $112,580.87
92 $112,580.87 $949.47 $0.00 $636.55 $114,166.89
93 $114,166.89 $949.47 $0.00 $645.52 $115,761.88
94 $115,761.88 $949.47 $0.00 $654.53 $117,365.88
95 $117,365.88 $949.47 $0.00 $663.60 $118,978.95
96 $118,978.95 $949.47 $0.00 $672.72 $120,601.14
97 $120,601.14 $949.47 $0.00 $681.90 $122,232.51
98 $122,232.51 $949.47 $0.00 $691.12 $123,873.10
99 $123,873.10 $949.47 $0.00 $700.40 $125,522.97
100 $125,522.97 $949.47 $0.00 $709.73 $127,182.17
101 $127,182.17 $949.47 $0.00 $719.11 $128,850.75
102 $128,850.75 $949.47 $0.00 $728.54 $130,528.76
103 $130,528.76 $949.47 $0.00 $738.03 $132,216.26
104 $132,216.26 $949.47 $0.00 $747.57 $133,913.30
105 $133,913.30 $949.47 $0.00 $757.17 $135,619.94
106 $135,619.94 $949.47 $0.00 $766.81 $137,336.22
107 $137,336.22 $949.47 $0.00 $776.52 $139,062.21
108 $139,062.21 $949.47 $0.00 $786.28 $140,797.96
109 $140,797.96 $949.47 $0.00 $796.09 $142,543.52
110 $142,543.52 $949.47 $0.00 $805.96 $144,298.95
111 $144,298.95 $949.47 $0.00 $815.89 $146,064.31
112 $146,064.31 $949.47 $0.00 $825.87 $147,839.65
113 $147,839.65 $949.47 $0.00 $835.91 $149,625.03
114 $149,625.03 $949.47 $0.00 $846.00 $151,420.50
115 $151,420.50 $949.47 $0.00 $856.15 $153,226.12
116 $153,226.12 $949.47 $0.00 $866.36 $155,041.95
117 $155,041.95 $949.47 $0.00 $876.63 $156,868.05
118 $156,868.05 $949.47 $0.00 $886.95 $158,704.47
119 $158,704.47 $949.47 $0.00 $897.34 $160,551.28
120 $160,551.28 $949.47 $0.00 $907.78 $162,408.53
121 $162,408.53 $949.47 $0.00 $918.28 $164,276.28
122 $164,276.28 $949.47 $0.00 $928.84 $166,154.59
123 $166,154.59 $949.47 $0.00 $939.46 $168,043.52
124 $168,043.52 $949.47 $0.00 $950.14 $169,943.13
125 $169,943.13 $949.47 $0.00 $960.88 $171,853.48
126 $171,853.48 $949.47 $0.00 $971.68 $173,774.63
127 $173,774.63 $949.47 $0.00 $982.55 $175,706.65
128 $175,706.65 $949.47 $0.00 $993.47 $177,649.59
129 $177,649.59 $949.47 $0.00 $1,004.46 $179,603.52
130 $179,603.52 $949.47 $0.00 $1,015.50 $181,568.49
131 $181,568.49 $949.47 $0.00 $1,026.61 $183,544.57
132 $183,544.57 $949.47 $0.00 $1,037.79 $185,531.83
133 $185,531.83 $949.47 $0.00 $1,049.02 $187,530.32
134 $187,530.32 $949.47 $0.00 $1,060.32 $189,540.11
135 $189,540.11 $949.47 $0.00 $1,071.69 $191,561.27
136 $191,561.27 $949.47 $0.00 $1,083.12 $193,593.86
137 $193,593.86 $949.47 $0.00 $1,094.61 $195,637.94
138 $195,637.94 $949.47 $0.00 $1,106.17 $197,693.58
139 $197,693.58 $949.47 $0.00 $1,117.79 $199,760.84
140 $199,760.84 $949.47 $0.00 $1,129.48 $201,839.79
141 $201,839.79 $949.47 $0.00 $1,141.23 $203,930.49
142 $203,930.49 $949.47 $0.00 $1,153.05 $206,033.01
143 $206,033.01 $949.47 $0.00 $1,164.94 $208,147.42
144 $208,147.42 $949.47 $0.00 $1,176.90 $210,273.79
145 $210,273.79 $949.47 $0.00 $1,188.92 $212,412.18
146 $212,412.18 $949.47 $0.00 $1,201.01 $214,562.66
147 $214,562.66 $949.47 $0.00 $1,213.17 $216,725.30
148 $216,725.30 $949.47 $0.00 $1,225.40 $218,900.17
149 $218,900.17 $949.47 $0.00 $1,237.69 $221,087.33
150 $221,087.33 $949.47 $0.00 $1,250.06 $223,286.86
151 $223,286.86 $949.47 $0.00 $1,262.50 $225,498.83
152 $225,498.83 $949.47 $0.00 $1,275.00 $227,723.30
153 $227,723.30 $949.47 $0.00 $1,287.58 $229,960.35
154 $229,960.35 $949.47 $0.00 $1,300.23 $232,210.05
155 $232,210.05 $949.47 $0.00 $1,312.95 $234,472.47
156 $234,472.47 $949.47 $0.00 $1,325.74 $236,747.68
157 $236,747.68 $949.47 $0.00 $1,338.61 $239,035.76
158 $239,035.76 $949.47 $0.00 $1,351.54 $241,336.77
159 $241,336.77 $949.47 $0.00 $1,364.55 $243,650.79
160 $243,650.79 $949.47 $0.00 $1,377.64 $245,977.90
161 $245,977.90 $949.47 $0.00 $1,390.79 $248,318.16
162 $248,318.16 $949.47 $0.00 $1,404.03 $250,671.66
163 $250,671.66 $949.47 $0.00 $1,417.33 $253,038.46
164 $253,038.46 $949.47 $0.00 $1,430.72 $255,418.65
165 $255,418.65 $949.47 $0.00 $1,444.17 $257,812.29
166 $257,812.29 $949.47 $0.00 $1,457.71 $260,219.47
167 $260,219.47 $949.47 $0.00 $1,471.32 $262,640.26
168 $262,640.26 $949.47 $0.00 $1,485.01 $265,074.74
169 $265,074.74 $949.47 $0.00 $1,498.77 $267,522.98
170 $267,522.98 $949.47 $0.00 $1,512.61 $269,985.06
171 $269,985.06 $949.47 $0.00 $1,526.53 $272,461.06
172 $272,461.06 $949.47 $0.00 $1,540.53 $274,951.06
173 $274,951.06 $949.47 $0.00 $1,554.61 $277,455.14
174 $277,455.14 $949.47 $0.00 $1,568.77 $279,973.38
175 $279,973.38 $949.47 $0.00 $1,583.01 $282,505.86
176 $282,505.86 $949.47 $0.00 $1,597.33 $285,052.66
177 $285,052.66 $949.47 $0.00 $1,611.73 $287,613.86
178 $287,613.86 $949.47 $0.00 $1,626.21 $290,189.54
179 $290,189.54 $949.47 $0.00 $1,640.77 $292,779.78
180 $292,779.78 $949.47 $0.00 $1,655.42 $295,384.67
181 $295,384.67 $949.47 $0.00 $1,670.15 $298,004.29
182 $298,004.29 $949.47 $0.00 $1,684.96 $300,638.72
183 $300,638.72 $949.47 $0.00 $1,699.86 $303,288.05
184 $303,288.05 $949.47 $0.00 $1,714.83 $305,952.35
185 $305,952.35 $949.47 $0.00 $1,729.90 $308,631.72
186 $308,631.72 $949.47 $0.00 $1,745.05 $311,326.24
187 $311,326.24 $949.47 $0.00 $1,760.28 $314,035.99
188 $314,035.99 $949.47 $0.00 $1,775.61 $316,761.07
189 $316,761.07 $949.47 $0.00 $1,791.01 $319,501.55
190 $319,501.55 $949.47 $0.00 $1,806.51 $322,257.53
191 $322,257.53 $949.47 $0.00 $1,822.09 $325,029.09
192 $325,029.09 $949.47 $0.00 $1,837.76 $327,816.32
193 $327,816.32 $949.47 $0.00 $1,853.52 $330,619.31
194 $330,619.31 $949.47 $0.00 $1,869.37 $333,438.15
195 $333,438.15 $949.47 $0.00 $1,885.31 $336,272.93
196 $336,272.93 $949.47 $0.00 $1,901.34 $339,123.74
197 $339,123.74 $949.47 $0.00 $1,917.45 $341,990.66
198 $341,990.66 $949.47 $0.00 $1,933.66 $344,873.79
199 $344,873.79 $949.47 $0.00 $1,949.97 $347,773.23
200 $347,773.23 $949.47 $0.00 $1,966.36 $350,689.06
201 $350,689.06 $949.47 $0.00 $1,982.85 $353,621.38
202 $353,621.38 $949.47 $0.00 $1,999.43 $356,570.28
203 $356,570.28 $949.47 $0.00 $2,016.10 $359,535.85
204 $359,535.85 $949.47 $0.00 $2,032.87 $362,518.19
205 $362,518.19 $949.47 $0.00 $2,049.73 $365,517.39
206 $365,517.39 $949.47 $0.00 $2,066.69 $368,533.55
207 $368,533.55 $949.47 $0.00 $2,083.74 $371,566.76
208 $371,566.76 $949.47 $0.00 $2,100.89 $374,617.12
209 $374,617.12 $949.47 $0.00 $2,118.14 $377,684.73
210 $377,684.73 $949.47 $0.00 $2,135.48 $380,769.68
211 $380,769.68 $949.47 $0.00 $2,152.93 $383,872.08
212 $383,872.08 $949.47 $0.00 $2,170.47 $386,992.02
213 $386,992.02 $949.47 $0.00 $2,188.11 $390,129.60
214 $390,129.60 $949.47 $0.00 $2,205.85 $393,284.92
215 $393,284.92 $949.47 $0.00 $2,223.69 $396,458.08
216 $396,458.08 $949.47 $0.00 $2,241.63 $399,649.18
217 $399,649.18 $949.47 $111,315.77 $2,259.67 $291,542.55
218 $291,542.55 $949.47 $0.00 $1,648.42 $294,140.44
219 $294,140.44 $949.47 $0.00 $1,663.11 $296,753.02
220 $296,753.02 $949.47 $0.00 $1,677.88 $299,380.37
221 $299,380.37 $949.47 $0.00 $1,692.74 $302,022.58
222 $302,022.58 $949.47 $0.00 $1,707.68 $304,679.73
223 $304,679.73 $949.47 $0.00 $1,722.70 $307,351.90
224 $307,351.90 $949.47 $0.00 $1,737.81 $310,039.18
225 $310,039.18 $949.47 $0.00 $1,753.01 $312,741.66
226 $312,741.66 $949.47 $0.00 $1,768.29 $315,459.42
227 $315,459.42 $949.47 $0.00 $1,783.65 $318,192.54
228 $318,192.54 $949.47 $0.00 $1,799.11 $320,941.12
229 $320,941.12 $949.47 $116,881.55 $1,814.65 $206,823.69
230 $206,823.69 $949.47 $0.00 $1,169.41 $208,942.57
231 $208,942.57 $949.47 $0.00 $1,181.39 $211,073.43
232 $211,073.43 $949.47 $0.00 $1,193.44 $213,216.34
233 $213,216.34 $949.47 $0.00 $1,205.56 $215,371.37
234 $215,371.37 $949.47 $0.00 $1,217.74 $217,538.58
235 $217,538.58 $949.47 $0.00 $1,229.99 $219,718.04
236 $219,718.04 $949.47 $0.00 $1,242.32 $221,909.83
237 $221,909.83 $949.47 $0.00 $1,254.71 $224,114.01
238 $224,114.01 $949.47 $0.00 $1,267.17 $226,330.65
239 $226,330.65 $949.47 $0.00 $1,279.71 $228,559.83
240 $228,559.83 $949.47 $0.00 $1,292.31 $230,801.61
241 $230,801.61 $949.47 $122,725.63 $1,304.99 $110,330.44
242 $110,330.44 $949.47 $0.00 $623.82 $111,903.73
243 $111,903.73 $949.47 $0.00 $632.72 $113,485.92
244 $113,485.92 $949.47 $0.00 $641.67 $115,077.06
245 $115,077.06 $949.47 $0.00 $650.66 $116,677.19
246 $116,677.19 $949.47 $0.00 $659.71 $118,286.37
247 $118,286.37 $949.47 $0.00 $668.81 $119,904.65
248 $119,904.65 $949.47 $0.00 $677.96 $121,532.08
249 $121,532.08 $949.47 $0.00 $687.16 $123,168.71
250 $123,168.71 $949.47 $0.00 $696.41 $124,814.59
251 $124,814.59 $949.47 $0.00 $705.72 $126,469.78
252 $126,469.78 $949.47 $0.00 $715.08 $128,134.33
253 $128,134.33 $0.00 $128,861.91 $724.49 ($3.09)