Savings Plan and Future Cost Estimation for Saint Mary of the Woods College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$121,959
Monthly savings required$965

How much will it cost to send your child to Saint Mary of the Woods College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $487,834.18 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $965.40 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$47,030.00
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 $965.40 $0.00 $0.00 $965.40
2 $965.40 $965.40 $0.00 $5.46 $1,936.26
3 $1,936.26 $965.40 $0.00 $10.95 $2,912.61
4 $2,912.61 $965.40 $0.00 $16.47 $3,894.48
5 $3,894.48 $965.40 $0.00 $22.02 $4,881.90
6 $4,881.90 $965.40 $0.00 $27.60 $5,874.90
7 $5,874.90 $965.40 $0.00 $33.22 $6,873.52
8 $6,873.52 $965.40 $0.00 $38.86 $7,877.78
9 $7,877.78 $965.40 $0.00 $44.54 $8,887.72
10 $8,887.72 $965.40 $0.00 $50.25 $9,903.37
11 $9,903.37 $965.40 $0.00 $56.00 $10,924.77
12 $10,924.77 $965.40 $0.00 $61.77 $11,951.94
13 $11,951.94 $965.40 $0.00 $67.58 $12,984.92
14 $12,984.92 $965.40 $0.00 $73.42 $14,023.74
15 $14,023.74 $965.40 $0.00 $79.29 $15,068.43
16 $15,068.43 $965.40 $0.00 $85.20 $16,119.03
17 $16,119.03 $965.40 $0.00 $91.14 $17,175.57
18 $17,175.57 $965.40 $0.00 $97.11 $18,238.08
19 $18,238.08 $965.40 $0.00 $103.12 $19,306.60
20 $19,306.60 $965.40 $0.00 $109.16 $20,381.16
21 $20,381.16 $965.40 $0.00 $115.24 $21,461.80
22 $21,461.80 $965.40 $0.00 $121.35 $22,548.55
23 $22,548.55 $965.40 $0.00 $127.49 $23,641.44
24 $23,641.44 $965.40 $0.00 $133.67 $24,740.51
25 $24,740.51 $965.40 $0.00 $139.89 $25,845.80
26 $25,845.80 $965.40 $0.00 $146.14 $26,957.34
27 $26,957.34 $965.40 $0.00 $152.42 $28,075.16
28 $28,075.16 $965.40 $0.00 $158.74 $29,199.30
29 $29,199.30 $965.40 $0.00 $165.10 $30,329.80
30 $30,329.80 $965.40 $0.00 $171.49 $31,466.69
31 $31,466.69 $965.40 $0.00 $177.92 $32,610.01
32 $32,610.01 $965.40 $0.00 $184.38 $33,759.79
33 $33,759.79 $965.40 $0.00 $190.88 $34,916.07
34 $34,916.07 $965.40 $0.00 $197.42 $36,078.89
35 $36,078.89 $965.40 $0.00 $204.00 $37,248.29
36 $37,248.29 $965.40 $0.00 $210.61 $38,424.30
37 $38,424.30 $965.40 $0.00 $217.26 $39,606.96
38 $39,606.96 $965.40 $0.00 $223.94 $40,796.30
39 $40,796.30 $965.40 $0.00 $230.67 $41,992.37
40 $41,992.37 $965.40 $0.00 $237.43 $43,195.20
41 $43,195.20 $965.40 $0.00 $244.23 $44,404.83
42 $44,404.83 $965.40 $0.00 $251.07 $45,621.30
43 $45,621.30 $965.40 $0.00 $257.95 $46,844.65
44 $46,844.65 $965.40 $0.00 $264.87 $48,074.92
45 $48,074.92 $965.40 $0.00 $271.82 $49,312.14
46 $49,312.14 $965.40 $0.00 $278.82 $50,556.36
47 $50,556.36 $965.40 $0.00 $285.85 $51,807.61
48 $51,807.61 $965.40 $0.00 $292.93 $53,065.94
49 $53,065.94 $965.40 $0.00 $300.04 $54,331.38
50 $54,331.38 $965.40 $0.00 $307.20 $55,603.98
51 $55,603.98 $965.40 $0.00 $314.39 $56,883.77
52 $56,883.77 $965.40 $0.00 $321.63 $58,170.80
53 $58,170.80 $965.40 $0.00 $328.91 $59,465.11
54 $59,465.11 $965.40 $0.00 $336.22 $60,766.73
55 $60,766.73 $965.40 $0.00 $343.58 $62,075.71
56 $62,075.71 $965.40 $0.00 $350.99 $63,392.10
57 $63,392.10 $965.40 $0.00 $358.43 $64,715.93
58 $64,715.93 $965.40 $0.00 $365.91 $66,047.24
59 $66,047.24 $965.40 $0.00 $373.44 $67,386.08
60 $67,386.08 $965.40 $0.00 $381.01 $68,732.49
61 $68,732.49 $965.40 $0.00 $388.62 $70,086.51
62 $70,086.51 $965.40 $0.00 $396.28 $71,448.19
63 $71,448.19 $965.40 $0.00 $403.98 $72,817.57
64 $72,817.57 $965.40 $0.00 $411.72 $74,194.69
65 $74,194.69 $965.40 $0.00 $419.51 $75,579.60
66 $75,579.60 $965.40 $0.00 $427.34 $76,972.34
67 $76,972.34 $965.40 $0.00 $435.21 $78,372.95
68 $78,372.95 $965.40 $0.00 $443.13 $79,781.48
69 $79,781.48 $965.40 $0.00 $451.10 $81,197.98
70 $81,197.98 $965.40 $0.00 $459.11 $82,622.49
71 $82,622.49 $965.40 $0.00 $467.16 $84,055.05
72 $84,055.05 $965.40 $0.00 $475.26 $85,495.71
73 $85,495.71 $965.40 $0.00 $483.41 $86,944.52
74 $86,944.52 $965.40 $0.00 $491.60 $88,401.52
75 $88,401.52 $965.40 $0.00 $499.84 $89,866.76
76 $89,866.76 $965.40 $0.00 $508.12 $91,340.28
77 $91,340.28 $965.40 $0.00 $516.45 $92,822.13
78 $92,822.13 $965.40 $0.00 $524.83 $94,312.36
79 $94,312.36 $965.40 $0.00 $533.26 $95,811.02
80 $95,811.02 $965.40 $0.00 $541.73 $97,318.15
81 $97,318.15 $965.40 $0.00 $550.25 $98,833.80
82 $98,833.80 $965.40 $0.00 $558.82 $100,358.02
83 $100,358.02 $965.40 $0.00 $567.44 $101,890.86
84 $101,890.86 $965.40 $0.00 $576.11 $103,432.37
85 $103,432.37 $965.40 $0.00 $584.82 $104,982.59
86 $104,982.59 $965.40 $0.00 $593.59 $106,541.58
87 $106,541.58 $965.40 $0.00 $602.40 $108,109.38
88 $108,109.38 $965.40 $0.00 $611.27 $109,686.05
89 $109,686.05 $965.40 $0.00 $620.18 $111,271.63
90 $111,271.63 $965.40 $0.00 $629.15 $112,866.18
91 $112,866.18 $965.40 $0.00 $638.16 $114,469.74
92 $114,469.74 $965.40 $0.00 $647.23 $116,082.37
93 $116,082.37 $965.40 $0.00 $656.35 $117,704.12
94 $117,704.12 $965.40 $0.00 $665.52 $119,335.04
95 $119,335.04 $965.40 $0.00 $674.74 $120,975.18
96 $120,975.18 $965.40 $0.00 $684.01 $122,624.59
97 $122,624.59 $965.40 $0.00 $693.34 $124,283.33
98 $124,283.33 $965.40 $0.00 $702.72 $125,951.45
99 $125,951.45 $965.40 $0.00 $712.15 $127,629.00
100 $127,629.00 $965.40 $0.00 $721.63 $129,316.03
101 $129,316.03 $965.40 $0.00 $731.17 $131,012.60
102 $131,012.60 $965.40 $0.00 $740.76 $132,718.76
103 $132,718.76 $965.40 $0.00 $750.41 $134,434.57
104 $134,434.57 $965.40 $0.00 $760.11 $136,160.08
105 $136,160.08 $965.40 $0.00 $769.87 $137,895.35
106 $137,895.35 $965.40 $0.00 $779.68 $139,640.43
107 $139,640.43 $965.40 $0.00 $789.55 $141,395.38
108 $141,395.38 $965.40 $0.00 $799.47 $143,160.25
109 $143,160.25 $965.40 $0.00 $809.45 $144,935.10
110 $144,935.10 $965.40 $0.00 $819.48 $146,719.98
111 $146,719.98 $965.40 $0.00 $829.58 $148,514.96
112 $148,514.96 $965.40 $0.00 $839.73 $150,320.09
113 $150,320.09 $965.40 $0.00 $849.93 $152,135.42
114 $152,135.42 $965.40 $0.00 $860.20 $153,961.02
115 $153,961.02 $965.40 $0.00 $870.52 $155,796.94
116 $155,796.94 $965.40 $0.00 $880.90 $157,643.24
117 $157,643.24 $965.40 $0.00 $891.34 $159,499.98
118 $159,499.98 $965.40 $0.00 $901.84 $161,367.22
119 $161,367.22 $965.40 $0.00 $912.39 $163,245.01
120 $163,245.01 $965.40 $0.00 $923.01 $165,133.42
121 $165,133.42 $965.40 $0.00 $933.69 $167,032.51
122 $167,032.51 $965.40 $0.00 $944.43 $168,942.34
123 $168,942.34 $965.40 $0.00 $955.22 $170,862.96
124 $170,862.96 $965.40 $0.00 $966.08 $172,794.44
125 $172,794.44 $965.40 $0.00 $977.00 $174,736.84
126 $174,736.84 $965.40 $0.00 $987.99 $176,690.23
127 $176,690.23 $965.40 $0.00 $999.03 $178,654.66
128 $178,654.66 $965.40 $0.00 $1,010.14 $180,630.20
129 $180,630.20 $965.40 $0.00 $1,021.31 $182,616.91
130 $182,616.91 $965.40 $0.00 $1,032.54 $184,614.85
131 $184,614.85 $965.40 $0.00 $1,043.84 $186,624.09
132 $186,624.09 $965.40 $0.00 $1,055.20 $188,644.69
133 $188,644.69 $965.40 $0.00 $1,066.62 $190,676.71
134 $190,676.71 $965.40 $0.00 $1,078.11 $192,720.22
135 $192,720.22 $965.40 $0.00 $1,089.67 $194,775.29
136 $194,775.29 $965.40 $0.00 $1,101.29 $196,841.98
137 $196,841.98 $965.40 $0.00 $1,112.97 $198,920.35
138 $198,920.35 $965.40 $0.00 $1,124.72 $201,010.47
139 $201,010.47 $965.40 $0.00 $1,136.54 $203,112.41
140 $203,112.41 $965.40 $0.00 $1,148.43 $205,226.24
141 $205,226.24 $965.40 $0.00 $1,160.38 $207,352.02
142 $207,352.02 $965.40 $0.00 $1,172.40 $209,489.82
143 $209,489.82 $965.40 $0.00 $1,184.49 $211,639.71
144 $211,639.71 $965.40 $0.00 $1,196.64 $213,801.75
145 $213,801.75 $965.40 $0.00 $1,208.87 $215,976.02
146 $215,976.02 $965.40 $0.00 $1,221.16 $218,162.58
147 $218,162.58 $965.40 $0.00 $1,233.52 $220,361.50
148 $220,361.50 $965.40 $0.00 $1,245.96 $222,572.86
149 $222,572.86 $965.40 $0.00 $1,258.46 $224,796.72
150 $224,796.72 $965.40 $0.00 $1,271.03 $227,033.15
151 $227,033.15 $965.40 $0.00 $1,283.68 $229,282.23
152 $229,282.23 $965.40 $0.00 $1,296.40 $231,544.03
153 $231,544.03 $965.40 $0.00 $1,309.18 $233,818.61
154 $233,818.61 $965.40 $0.00 $1,322.04 $236,106.05
155 $236,106.05 $965.40 $0.00 $1,334.98 $238,406.43
156 $238,406.43 $965.40 $0.00 $1,347.98 $240,719.81
157 $240,719.81 $965.40 $0.00 $1,361.06 $243,046.27
158 $243,046.27 $965.40 $0.00 $1,374.22 $245,385.89
159 $245,385.89 $965.40 $0.00 $1,387.45 $247,738.74
160 $247,738.74 $965.40 $0.00 $1,400.75 $250,104.89
161 $250,104.89 $965.40 $0.00 $1,414.13 $252,484.42
162 $252,484.42 $965.40 $0.00 $1,427.58 $254,877.40
163 $254,877.40 $965.40 $0.00 $1,441.11 $257,283.91
164 $257,283.91 $965.40 $0.00 $1,454.72 $259,704.03
165 $259,704.03 $965.40 $0.00 $1,468.40 $262,137.83
166 $262,137.83 $965.40 $0.00 $1,482.17 $264,585.40
167 $264,585.40 $965.40 $0.00 $1,496.00 $267,046.80
168 $267,046.80 $965.40 $0.00 $1,509.92 $269,522.12
169 $269,522.12 $965.40 $0.00 $1,523.92 $272,011.44
170 $272,011.44 $965.40 $0.00 $1,537.99 $274,514.83
171 $274,514.83 $965.40 $0.00 $1,552.15 $277,032.38
172 $277,032.38 $965.40 $0.00 $1,566.38 $279,564.16
173 $279,564.16 $965.40 $0.00 $1,580.70 $282,110.26
174 $282,110.26 $965.40 $0.00 $1,595.09 $284,670.75
175 $284,670.75 $965.40 $0.00 $1,609.57 $287,245.72
176 $287,245.72 $965.40 $0.00 $1,624.13 $289,835.25
177 $289,835.25 $965.40 $0.00 $1,638.77 $292,439.42
178 $292,439.42 $965.40 $0.00 $1,653.49 $295,058.31
179 $295,058.31 $965.40 $0.00 $1,668.30 $297,692.01
180 $297,692.01 $965.40 $0.00 $1,683.19 $300,340.60
181 $300,340.60 $965.40 $0.00 $1,698.17 $303,004.17
182 $303,004.17 $965.40 $0.00 $1,713.23 $305,682.80
183 $305,682.80 $965.40 $0.00 $1,728.37 $308,376.57
184 $308,376.57 $965.40 $0.00 $1,743.61 $311,085.58
185 $311,085.58 $965.40 $0.00 $1,758.92 $313,809.90
186 $313,809.90 $965.40 $0.00 $1,774.33 $316,549.63
187 $316,549.63 $965.40 $0.00 $1,789.82 $319,304.85
188 $319,304.85 $965.40 $0.00 $1,805.40 $322,075.65
189 $322,075.65 $965.40 $0.00 $1,821.06 $324,862.11
190 $324,862.11 $965.40 $0.00 $1,836.82 $327,664.33
191 $327,664.33 $965.40 $0.00 $1,852.66 $330,482.39
192 $330,482.39 $965.40 $0.00 $1,868.60 $333,316.39
193 $333,316.39 $965.40 $0.00 $1,884.62 $336,166.41
194 $336,166.41 $965.40 $0.00 $1,900.73 $339,032.54
195 $339,032.54 $965.40 $0.00 $1,916.94 $341,914.88
196 $341,914.88 $965.40 $0.00 $1,933.24 $344,813.52
197 $344,813.52 $965.40 $0.00 $1,949.63 $347,728.55
198 $347,728.55 $965.40 $0.00 $1,966.11 $350,660.06
199 $350,660.06 $965.40 $0.00 $1,982.68 $353,608.14
200 $353,608.14 $965.40 $0.00 $1,999.35 $356,572.89
201 $356,572.89 $965.40 $0.00 $2,016.11 $359,554.40
202 $359,554.40 $965.40 $0.00 $2,032.97 $362,552.77
203 $362,552.77 $965.40 $0.00 $2,049.93 $365,568.10
204 $365,568.10 $965.40 $0.00 $2,066.98 $368,600.48
205 $368,600.48 $965.40 $0.00 $2,084.12 $371,650.00
206 $371,650.00 $965.40 $0.00 $2,101.36 $374,716.76
207 $374,716.76 $965.40 $0.00 $2,118.70 $377,800.86
208 $377,800.86 $965.40 $0.00 $2,136.14 $380,902.40
209 $380,902.40 $965.40 $0.00 $2,153.68 $384,021.48
210 $384,021.48 $965.40 $0.00 $2,171.31 $387,158.19
211 $387,158.19 $965.40 $0.00 $2,189.05 $390,312.64
212 $390,312.64 $965.40 $0.00 $2,206.88 $393,484.92
213 $393,484.92 $965.40 $0.00 $2,224.82 $396,675.14
214 $396,675.14 $965.40 $0.00 $2,242.86 $399,883.40
215 $399,883.40 $965.40 $0.00 $2,261.00 $403,109.80
216 $403,109.80 $965.40 $0.00 $2,279.24 $406,354.44
217 $406,354.44 $965.40 $113,183.30 $2,297.59 $296,434.13
218 $296,434.13 $965.40 $0.00 $1,676.08 $299,075.61
219 $299,075.61 $965.40 $0.00 $1,691.02 $301,732.03
220 $301,732.03 $965.40 $0.00 $1,706.04 $304,403.47
221 $304,403.47 $965.40 $0.00 $1,721.14 $307,090.01
222 $307,090.01 $965.40 $0.00 $1,736.33 $309,791.74
223 $309,791.74 $965.40 $0.00 $1,751.61 $312,508.75
224 $312,508.75 $965.40 $0.00 $1,766.97 $315,241.12
225 $315,241.12 $965.40 $0.00 $1,782.42 $317,988.94
226 $317,988.94 $965.40 $0.00 $1,797.96 $320,752.30
227 $320,752.30 $965.40 $0.00 $1,813.58 $323,531.28
228 $323,531.28 $965.40 $0.00 $1,829.29 $326,325.97
229 $326,325.97 $965.40 $118,842.47 $1,845.09 $210,293.99
230 $210,293.99 $965.40 $0.00 $1,189.03 $212,448.42
231 $212,448.42 $965.40 $0.00 $1,201.21 $214,615.03
232 $214,615.03 $965.40 $0.00 $1,213.46 $216,793.89
233 $216,793.89 $965.40 $0.00 $1,225.78 $218,985.07
234 $218,985.07 $965.40 $0.00 $1,238.17 $221,188.64
235 $221,188.64 $965.40 $0.00 $1,250.63 $223,404.67
236 $223,404.67 $965.40 $0.00 $1,263.16 $225,633.23
237 $225,633.23 $965.40 $0.00 $1,275.76 $227,874.39
238 $227,874.39 $965.40 $0.00 $1,288.43 $230,128.22
239 $230,128.22 $965.40 $0.00 $1,301.18 $232,394.80
240 $232,394.80 $965.40 $0.00 $1,313.99 $234,674.19
241 $234,674.19 $965.40 $124,784.59 $1,326.88 $112,181.88
242 $112,181.88 $965.40 $0.00 $634.29 $113,781.57
243 $113,781.57 $965.40 $0.00 $643.34 $115,390.31
244 $115,390.31 $965.40 $0.00 $652.43 $117,008.14
245 $117,008.14 $965.40 $0.00 $661.58 $118,635.12
246 $118,635.12 $965.40 $0.00 $670.78 $120,271.30
247 $120,271.30 $965.40 $0.00 $680.03 $121,916.73
248 $121,916.73 $965.40 $0.00 $689.33 $123,571.46
249 $123,571.46 $965.40 $0.00 $698.69 $125,235.55
250 $125,235.55 $965.40 $0.00 $708.10 $126,909.05
251 $126,909.05 $965.40 $0.00 $717.56 $128,592.01
252 $128,592.01 $965.40 $0.00 $727.08 $130,284.49
253 $130,284.49 $0.00 $131,023.82 $736.65 ($2.68)