Savings Plan and Future Cost Estimation for University of Chicago

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$211,427
Monthly savings required$1,674

How much will it cost to send your child to University of Chicago in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $845,707.18 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,673.62 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$81,531.00
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 $1,673.62 $0.00 $0.00 $1,673.62
2 $1,673.62 $1,673.62 $0.00 $9.46 $3,356.70
3 $3,356.70 $1,673.62 $0.00 $18.98 $5,049.30
4 $5,049.30 $1,673.62 $0.00 $28.55 $6,751.47
5 $6,751.47 $1,673.62 $0.00 $38.17 $8,463.26
6 $8,463.26 $1,673.62 $0.00 $47.85 $10,184.73
7 $10,184.73 $1,673.62 $0.00 $57.59 $11,915.94
8 $11,915.94 $1,673.62 $0.00 $67.37 $13,656.93
9 $13,656.93 $1,673.62 $0.00 $77.22 $15,407.77
10 $15,407.77 $1,673.62 $0.00 $87.12 $17,168.51
11 $17,168.51 $1,673.62 $0.00 $97.07 $18,939.20
12 $18,939.20 $1,673.62 $0.00 $107.08 $20,719.90
13 $20,719.90 $1,673.62 $0.00 $117.15 $22,510.67
14 $22,510.67 $1,673.62 $0.00 $127.28 $24,311.57
15 $24,311.57 $1,673.62 $0.00 $137.46 $26,122.65
16 $26,122.65 $1,673.62 $0.00 $147.70 $27,943.97
17 $27,943.97 $1,673.62 $0.00 $158.00 $29,775.59
18 $29,775.59 $1,673.62 $0.00 $168.36 $31,617.57
19 $31,617.57 $1,673.62 $0.00 $178.77 $33,469.96
20 $33,469.96 $1,673.62 $0.00 $189.24 $35,332.82
21 $35,332.82 $1,673.62 $0.00 $199.78 $37,206.22
22 $37,206.22 $1,673.62 $0.00 $210.37 $39,090.21
23 $39,090.21 $1,673.62 $0.00 $221.02 $40,984.85
24 $40,984.85 $1,673.62 $0.00 $231.73 $42,890.20
25 $42,890.20 $1,673.62 $0.00 $242.51 $44,806.33
26 $44,806.33 $1,673.62 $0.00 $253.34 $46,733.29
27 $46,733.29 $1,673.62 $0.00 $264.24 $48,671.15
28 $48,671.15 $1,673.62 $0.00 $275.19 $50,619.96
29 $50,619.96 $1,673.62 $0.00 $286.21 $52,579.79
30 $52,579.79 $1,673.62 $0.00 $297.29 $54,550.70
31 $54,550.70 $1,673.62 $0.00 $308.44 $56,532.76
32 $56,532.76 $1,673.62 $0.00 $319.64 $58,526.02
33 $58,526.02 $1,673.62 $0.00 $330.91 $60,530.55
34 $60,530.55 $1,673.62 $0.00 $342.25 $62,546.42
35 $62,546.42 $1,673.62 $0.00 $353.65 $64,573.69
36 $64,573.69 $1,673.62 $0.00 $365.11 $66,612.42
37 $66,612.42 $1,673.62 $0.00 $376.64 $68,662.68
38 $68,662.68 $1,673.62 $0.00 $388.23 $70,724.53
39 $70,724.53 $1,673.62 $0.00 $399.89 $72,798.04
40 $72,798.04 $1,673.62 $0.00 $411.61 $74,883.27
41 $74,883.27 $1,673.62 $0.00 $423.40 $76,980.29
42 $76,980.29 $1,673.62 $0.00 $435.26 $79,089.17
43 $79,089.17 $1,673.62 $0.00 $447.18 $81,209.97
44 $81,209.97 $1,673.62 $0.00 $459.17 $83,342.76
45 $83,342.76 $1,673.62 $0.00 $471.23 $85,487.61
46 $85,487.61 $1,673.62 $0.00 $483.36 $87,644.59
47 $87,644.59 $1,673.62 $0.00 $495.56 $89,813.77
48 $89,813.77 $1,673.62 $0.00 $507.82 $91,995.21
49 $91,995.21 $1,673.62 $0.00 $520.15 $94,188.98
50 $94,188.98 $1,673.62 $0.00 $532.56 $96,395.16
51 $96,395.16 $1,673.62 $0.00 $545.03 $98,613.81
52 $98,613.81 $1,673.62 $0.00 $557.58 $100,845.01
53 $100,845.01 $1,673.62 $0.00 $570.19 $103,088.82
54 $103,088.82 $1,673.62 $0.00 $582.88 $105,345.32
55 $105,345.32 $1,673.62 $0.00 $595.64 $107,614.58
56 $107,614.58 $1,673.62 $0.00 $608.47 $109,896.67
57 $109,896.67 $1,673.62 $0.00 $621.37 $112,191.66
58 $112,191.66 $1,673.62 $0.00 $634.35 $114,499.63
59 $114,499.63 $1,673.62 $0.00 $647.40 $116,820.65
60 $116,820.65 $1,673.62 $0.00 $660.52 $119,154.79
61 $119,154.79 $1,673.62 $0.00 $673.72 $121,502.13
62 $121,502.13 $1,673.62 $0.00 $686.99 $123,862.74
63 $123,862.74 $1,673.62 $0.00 $700.34 $126,236.70
64 $126,236.70 $1,673.62 $0.00 $713.76 $128,624.08
65 $128,624.08 $1,673.62 $0.00 $727.26 $131,024.96
66 $131,024.96 $1,673.62 $0.00 $740.83 $133,439.41
67 $133,439.41 $1,673.62 $0.00 $754.49 $135,867.52
68 $135,867.52 $1,673.62 $0.00 $768.21 $138,309.35
69 $138,309.35 $1,673.62 $0.00 $782.02 $140,764.99
70 $140,764.99 $1,673.62 $0.00 $795.91 $143,234.52
71 $143,234.52 $1,673.62 $0.00 $809.87 $145,718.01
72 $145,718.01 $1,673.62 $0.00 $823.91 $148,215.54
73 $148,215.54 $1,673.62 $0.00 $838.03 $150,727.19
74 $150,727.19 $1,673.62 $0.00 $852.23 $153,253.04
75 $153,253.04 $1,673.62 $0.00 $866.51 $155,793.17
76 $155,793.17 $1,673.62 $0.00 $880.88 $158,347.67
77 $158,347.67 $1,673.62 $0.00 $895.32 $160,916.61
78 $160,916.61 $1,673.62 $0.00 $909.85 $163,500.08
79 $163,500.08 $1,673.62 $0.00 $924.45 $166,098.15
80 $166,098.15 $1,673.62 $0.00 $939.14 $168,710.91
81 $168,710.91 $1,673.62 $0.00 $953.92 $171,338.45
82 $171,338.45 $1,673.62 $0.00 $968.77 $173,980.84
83 $173,980.84 $1,673.62 $0.00 $983.71 $176,638.17
84 $176,638.17 $1,673.62 $0.00 $998.74 $179,310.53
85 $179,310.53 $1,673.62 $0.00 $1,013.85 $181,998.00
86 $181,998.00 $1,673.62 $0.00 $1,029.04 $184,700.66
87 $184,700.66 $1,673.62 $0.00 $1,044.32 $187,418.60
88 $187,418.60 $1,673.62 $0.00 $1,059.69 $190,151.91
89 $190,151.91 $1,673.62 $0.00 $1,075.15 $192,900.68
90 $192,900.68 $1,673.62 $0.00 $1,090.69 $195,664.99
91 $195,664.99 $1,673.62 $0.00 $1,106.32 $198,444.93
92 $198,444.93 $1,673.62 $0.00 $1,122.04 $201,240.59
93 $201,240.59 $1,673.62 $0.00 $1,137.84 $204,052.05
94 $204,052.05 $1,673.62 $0.00 $1,153.74 $206,879.41
95 $206,879.41 $1,673.62 $0.00 $1,169.73 $209,722.76
96 $209,722.76 $1,673.62 $0.00 $1,185.80 $212,582.18
97 $212,582.18 $1,673.62 $0.00 $1,201.97 $215,457.77
98 $215,457.77 $1,673.62 $0.00 $1,218.23 $218,349.62
99 $218,349.62 $1,673.62 $0.00 $1,234.58 $221,257.82
100 $221,257.82 $1,673.62 $0.00 $1,251.02 $224,182.46
101 $224,182.46 $1,673.62 $0.00 $1,267.56 $227,123.64
102 $227,123.64 $1,673.62 $0.00 $1,284.19 $230,081.45
103 $230,081.45 $1,673.62 $0.00 $1,300.91 $233,055.98
104 $233,055.98 $1,673.62 $0.00 $1,317.73 $236,047.33
105 $236,047.33 $1,673.62 $0.00 $1,334.65 $239,055.60
106 $239,055.60 $1,673.62 $0.00 $1,351.66 $242,080.88
107 $242,080.88 $1,673.62 $0.00 $1,368.76 $245,123.26
108 $245,123.26 $1,673.62 $0.00 $1,385.96 $248,182.84
109 $248,182.84 $1,673.62 $0.00 $1,403.26 $251,259.72
110 $251,259.72 $1,673.62 $0.00 $1,420.66 $254,354.00
111 $254,354.00 $1,673.62 $0.00 $1,438.15 $257,465.77
112 $257,465.77 $1,673.62 $0.00 $1,455.75 $260,595.14
113 $260,595.14 $1,673.62 $0.00 $1,473.44 $263,742.20
114 $263,742.20 $1,673.62 $0.00 $1,491.24 $266,907.06
115 $266,907.06 $1,673.62 $0.00 $1,509.13 $270,089.81
116 $270,089.81 $1,673.62 $0.00 $1,527.13 $273,290.56
117 $273,290.56 $1,673.62 $0.00 $1,545.22 $276,509.40
118 $276,509.40 $1,673.62 $0.00 $1,563.42 $279,746.44
119 $279,746.44 $1,673.62 $0.00 $1,581.73 $283,001.79
120 $283,001.79 $1,673.62 $0.00 $1,600.13 $286,275.54
121 $286,275.54 $1,673.62 $0.00 $1,618.64 $289,567.80
122 $289,567.80 $1,673.62 $0.00 $1,637.26 $292,878.68
123 $292,878.68 $1,673.62 $0.00 $1,655.98 $296,208.28
124 $296,208.28 $1,673.62 $0.00 $1,674.80 $299,556.70
125 $299,556.70 $1,673.62 $0.00 $1,693.74 $302,924.06
126 $302,924.06 $1,673.62 $0.00 $1,712.78 $306,310.46
127 $306,310.46 $1,673.62 $0.00 $1,731.92 $309,716.00
128 $309,716.00 $1,673.62 $0.00 $1,751.18 $313,140.80
129 $313,140.80 $1,673.62 $0.00 $1,770.54 $316,584.96
130 $316,584.96 $1,673.62 $0.00 $1,790.02 $320,048.60
131 $320,048.60 $1,673.62 $0.00 $1,809.60 $323,531.82
132 $323,531.82 $1,673.62 $0.00 $1,829.30 $327,034.74
133 $327,034.74 $1,673.62 $0.00 $1,849.10 $330,557.46
134 $330,557.46 $1,673.62 $0.00 $1,869.02 $334,100.10
135 $334,100.10 $1,673.62 $0.00 $1,889.05 $337,662.77
136 $337,662.77 $1,673.62 $0.00 $1,909.19 $341,245.58
137 $341,245.58 $1,673.62 $0.00 $1,929.45 $344,848.65
138 $344,848.65 $1,673.62 $0.00 $1,949.82 $348,472.09
139 $348,472.09 $1,673.62 $0.00 $1,970.31 $352,116.02
140 $352,116.02 $1,673.62 $0.00 $1,990.92 $355,780.56
141 $355,780.56 $1,673.62 $0.00 $2,011.64 $359,465.82
142 $359,465.82 $1,673.62 $0.00 $2,032.47 $363,171.91
143 $363,171.91 $1,673.62 $0.00 $2,053.43 $366,898.96
144 $366,898.96 $1,673.62 $0.00 $2,074.50 $370,647.08
145 $370,647.08 $1,673.62 $0.00 $2,095.69 $374,416.39
146 $374,416.39 $1,673.62 $0.00 $2,117.00 $378,207.01
147 $378,207.01 $1,673.62 $0.00 $2,138.44 $382,019.07
148 $382,019.07 $1,673.62 $0.00 $2,159.99 $385,852.68
149 $385,852.68 $1,673.62 $0.00 $2,181.67 $389,707.97
150 $389,707.97 $1,673.62 $0.00 $2,203.47 $393,585.06
151 $393,585.06 $1,673.62 $0.00 $2,225.39 $397,484.07
152 $397,484.07 $1,673.62 $0.00 $2,247.43 $401,405.12
153 $401,405.12 $1,673.62 $0.00 $2,269.60 $405,348.34
154 $405,348.34 $1,673.62 $0.00 $2,291.90 $409,313.86
155 $409,313.86 $1,673.62 $0.00 $2,314.32 $413,301.80
156 $413,301.80 $1,673.62 $0.00 $2,336.87 $417,312.29
157 $417,312.29 $1,673.62 $0.00 $2,359.54 $421,345.45
158 $421,345.45 $1,673.62 $0.00 $2,382.35 $425,401.42
159 $425,401.42 $1,673.62 $0.00 $2,405.28 $429,480.32
160 $429,480.32 $1,673.62 $0.00 $2,428.34 $433,582.28
161 $433,582.28 $1,673.62 $0.00 $2,451.54 $437,707.44
162 $437,707.44 $1,673.62 $0.00 $2,474.86 $441,855.92
163 $441,855.92 $1,673.62 $0.00 $2,498.32 $446,027.86
164 $446,027.86 $1,673.62 $0.00 $2,521.91 $450,223.39
165 $450,223.39 $1,673.62 $0.00 $2,545.63 $454,442.64
166 $454,442.64 $1,673.62 $0.00 $2,569.48 $458,685.74
167 $458,685.74 $1,673.62 $0.00 $2,593.48 $462,952.84
168 $462,952.84 $1,673.62 $0.00 $2,617.60 $467,244.06
169 $467,244.06 $1,673.62 $0.00 $2,641.87 $471,559.55
170 $471,559.55 $1,673.62 $0.00 $2,666.27 $475,899.44
171 $475,899.44 $1,673.62 $0.00 $2,690.80 $480,263.86
172 $480,263.86 $1,673.62 $0.00 $2,715.48 $484,652.96
173 $484,652.96 $1,673.62 $0.00 $2,740.30 $489,066.88
174 $489,066.88 $1,673.62 $0.00 $2,765.26 $493,505.76
175 $493,505.76 $1,673.62 $0.00 $2,790.35 $497,969.73
176 $497,969.73 $1,673.62 $0.00 $2,815.59 $502,458.94
177 $502,458.94 $1,673.62 $0.00 $2,840.98 $506,973.54
178 $506,973.54 $1,673.62 $0.00 $2,866.50 $511,513.66
179 $511,513.66 $1,673.62 $0.00 $2,892.17 $516,079.45
180 $516,079.45 $1,673.62 $0.00 $2,917.99 $520,671.06
181 $520,671.06 $1,673.62 $0.00 $2,943.95 $525,288.63
182 $525,288.63 $1,673.62 $0.00 $2,970.06 $529,932.31
183 $529,932.31 $1,673.62 $0.00 $2,996.31 $534,602.24
184 $534,602.24 $1,673.62 $0.00 $3,022.72 $539,298.58
185 $539,298.58 $1,673.62 $0.00 $3,049.27 $544,021.47
186 $544,021.47 $1,673.62 $0.00 $3,075.98 $548,771.07
187 $548,771.07 $1,673.62 $0.00 $3,102.83 $553,547.52
188 $553,547.52 $1,673.62 $0.00 $3,129.84 $558,350.98
189 $558,350.98 $1,673.62 $0.00 $3,157.00 $563,181.60
190 $563,181.60 $1,673.62 $0.00 $3,184.31 $568,039.53
191 $568,039.53 $1,673.62 $0.00 $3,211.78 $572,924.93
192 $572,924.93 $1,673.62 $0.00 $3,239.40 $577,837.95
193 $577,837.95 $1,673.62 $0.00 $3,267.18 $582,778.75
194 $582,778.75 $1,673.62 $0.00 $3,295.12 $587,747.49
195 $587,747.49 $1,673.62 $0.00 $3,323.21 $592,744.32
196 $592,744.32 $1,673.62 $0.00 $3,351.46 $597,769.40
197 $597,769.40 $1,673.62 $0.00 $3,379.88 $602,822.90
198 $602,822.90 $1,673.62 $0.00 $3,408.45 $607,904.97
199 $607,904.97 $1,673.62 $0.00 $3,437.18 $613,015.77
200 $613,015.77 $1,673.62 $0.00 $3,466.08 $618,155.47
201 $618,155.47 $1,673.62 $0.00 $3,495.14 $623,324.23
202 $623,324.23 $1,673.62 $0.00 $3,524.37 $628,522.22
203 $628,522.22 $1,673.62 $0.00 $3,553.76 $633,749.60
204 $633,749.60 $1,673.62 $0.00 $3,583.31 $639,006.53
205 $639,006.53 $1,673.62 $0.00 $3,613.04 $644,293.19
206 $644,293.19 $1,673.62 $0.00 $3,642.93 $649,609.74
207 $649,609.74 $1,673.62 $0.00 $3,672.99 $654,956.35
208 $654,956.35 $1,673.62 $0.00 $3,703.22 $660,333.19
209 $660,333.19 $1,673.62 $0.00 $3,733.62 $665,740.43
210 $665,740.43 $1,673.62 $0.00 $3,764.19 $671,178.24
211 $671,178.24 $1,673.62 $0.00 $3,794.94 $676,646.80
212 $676,646.80 $1,673.62 $0.00 $3,825.86 $682,146.28
213 $682,146.28 $1,673.62 $0.00 $3,856.95 $687,676.85
214 $687,676.85 $1,673.62 $0.00 $3,888.22 $693,238.69
215 $693,238.69 $1,673.62 $0.00 $3,919.67 $698,831.98
216 $698,831.98 $1,673.62 $0.00 $3,951.30 $704,456.90
217 $704,456.90 $1,673.62 $196,214.07 $3,983.10 $513,899.55
218 $513,899.55 $1,673.62 $0.00 $2,905.66 $518,478.83
219 $518,478.83 $1,673.62 $0.00 $2,931.55 $523,084.00
220 $523,084.00 $1,673.62 $0.00 $2,957.59 $527,715.21
221 $527,715.21 $1,673.62 $0.00 $2,983.78 $532,372.61
222 $532,372.61 $1,673.62 $0.00 $3,010.11 $537,056.34
223 $537,056.34 $1,673.62 $0.00 $3,036.59 $541,766.55
224 $541,766.55 $1,673.62 $0.00 $3,063.23 $546,503.40
225 $546,503.40 $1,673.62 $0.00 $3,090.01 $551,267.03
226 $551,267.03 $1,673.62 $0.00 $3,116.94 $556,057.59
227 $556,057.59 $1,673.62 $0.00 $3,144.03 $560,875.24
228 $560,875.24 $1,673.62 $0.00 $3,171.27 $565,720.13
229 $565,720.13 $1,673.62 $206,024.78 $3,198.66 $364,567.63
230 $364,567.63 $1,673.62 $0.00 $2,061.32 $368,302.57
231 $368,302.57 $1,673.62 $0.00 $2,082.44 $372,058.63
232 $372,058.63 $1,673.62 $0.00 $2,103.67 $375,835.92
233 $375,835.92 $1,673.62 $0.00 $2,125.03 $379,634.57
234 $379,634.57 $1,673.62 $0.00 $2,146.51 $383,454.70
235 $383,454.70 $1,673.62 $0.00 $2,168.11 $387,296.43
236 $387,296.43 $1,673.62 $0.00 $2,189.83 $391,159.88
237 $391,159.88 $1,673.62 $0.00 $2,211.67 $395,045.17
238 $395,045.17 $1,673.62 $0.00 $2,233.64 $398,952.43
239 $398,952.43 $1,673.62 $0.00 $2,255.74 $402,881.79
240 $402,881.79 $1,673.62 $0.00 $2,277.95 $406,833.36
241 $406,833.36 $1,673.62 $216,326.02 $2,300.29 $194,481.25
242 $194,481.25 $1,673.62 $0.00 $1,099.63 $197,254.50
243 $197,254.50 $1,673.62 $0.00 $1,115.31 $200,043.43
244 $200,043.43 $1,673.62 $0.00 $1,131.07 $202,848.12
245 $202,848.12 $1,673.62 $0.00 $1,146.93 $205,668.67
246 $205,668.67 $1,673.62 $0.00 $1,162.88 $208,505.17
247 $208,505.17 $1,673.62 $0.00 $1,178.92 $211,357.71
248 $211,357.71 $1,673.62 $0.00 $1,195.05 $214,226.38
249 $214,226.38 $1,673.62 $0.00 $1,211.27 $217,111.27
250 $217,111.27 $1,673.62 $0.00 $1,227.58 $220,012.47
251 $220,012.47 $1,673.62 $0.00 $1,243.98 $222,930.07
252 $222,930.07 $1,673.62 $0.00 $1,260.48 $225,864.17
253 $225,864.17 $0.00 $227,142.32 $1,277.07 ($1.08)