Savings Plan and Future Cost Estimation for Saint Mary's College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$161,012
Monthly savings required$1,275

How much will it cost to send your child to Saint Mary's College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $644,049.00 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,274.56 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$62,090.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,274.56 $0.00 $0.00 $1,274.56
2 $1,274.56 $1,274.56 $0.00 $7.21 $2,556.33
3 $2,556.33 $1,274.56 $0.00 $14.45 $3,845.34
4 $3,845.34 $1,274.56 $0.00 $21.74 $5,141.64
5 $5,141.64 $1,274.56 $0.00 $29.07 $6,445.27
6 $6,445.27 $1,274.56 $0.00 $36.44 $7,756.27
7 $7,756.27 $1,274.56 $0.00 $43.86 $9,074.69
8 $9,074.69 $1,274.56 $0.00 $51.31 $10,400.56
9 $10,400.56 $1,274.56 $0.00 $58.81 $11,733.93
10 $11,733.93 $1,274.56 $0.00 $66.35 $13,074.84
11 $13,074.84 $1,274.56 $0.00 $73.93 $14,423.33
12 $14,423.33 $1,274.56 $0.00 $81.55 $15,779.44
13 $15,779.44 $1,274.56 $0.00 $89.22 $17,143.22
14 $17,143.22 $1,274.56 $0.00 $96.93 $18,514.71
15 $18,514.71 $1,274.56 $0.00 $104.68 $19,893.95
16 $19,893.95 $1,274.56 $0.00 $112.48 $21,280.99
17 $21,280.99 $1,274.56 $0.00 $120.33 $22,675.88
18 $22,675.88 $1,274.56 $0.00 $128.21 $24,078.65
19 $24,078.65 $1,274.56 $0.00 $136.14 $25,489.35
20 $25,489.35 $1,274.56 $0.00 $144.12 $26,908.03
21 $26,908.03 $1,274.56 $0.00 $152.14 $28,334.73
22 $28,334.73 $1,274.56 $0.00 $160.21 $29,769.50
23 $29,769.50 $1,274.56 $0.00 $168.32 $31,212.38
24 $31,212.38 $1,274.56 $0.00 $176.48 $32,663.42
25 $32,663.42 $1,274.56 $0.00 $184.68 $34,122.66
26 $34,122.66 $1,274.56 $0.00 $192.93 $35,590.15
27 $35,590.15 $1,274.56 $0.00 $201.23 $37,065.94
28 $37,065.94 $1,274.56 $0.00 $209.58 $38,550.08
29 $38,550.08 $1,274.56 $0.00 $217.97 $40,042.61
30 $40,042.61 $1,274.56 $0.00 $226.41 $41,543.58
31 $41,543.58 $1,274.56 $0.00 $234.89 $43,053.03
32 $43,053.03 $1,274.56 $0.00 $243.43 $44,571.02
33 $44,571.02 $1,274.56 $0.00 $252.01 $46,097.59
34 $46,097.59 $1,274.56 $0.00 $260.64 $47,632.79
35 $47,632.79 $1,274.56 $0.00 $269.32 $49,176.67
36 $49,176.67 $1,274.56 $0.00 $278.05 $50,729.28
37 $50,729.28 $1,274.56 $0.00 $286.83 $52,290.67
38 $52,290.67 $1,274.56 $0.00 $295.66 $53,860.89
39 $53,860.89 $1,274.56 $0.00 $304.54 $55,439.99
40 $55,439.99 $1,274.56 $0.00 $313.47 $57,028.02
41 $57,028.02 $1,274.56 $0.00 $322.44 $58,625.02
42 $58,625.02 $1,274.56 $0.00 $331.47 $60,231.05
43 $60,231.05 $1,274.56 $0.00 $340.56 $61,846.17
44 $61,846.17 $1,274.56 $0.00 $349.69 $63,470.42
45 $63,470.42 $1,274.56 $0.00 $358.87 $65,103.85
46 $65,103.85 $1,274.56 $0.00 $368.11 $66,746.52
47 $66,746.52 $1,274.56 $0.00 $377.39 $68,398.47
48 $68,398.47 $1,274.56 $0.00 $386.73 $70,059.76
49 $70,059.76 $1,274.56 $0.00 $396.13 $71,730.45
50 $71,730.45 $1,274.56 $0.00 $405.57 $73,410.58
51 $73,410.58 $1,274.56 $0.00 $415.07 $75,100.21
52 $75,100.21 $1,274.56 $0.00 $424.63 $76,799.40
53 $76,799.40 $1,274.56 $0.00 $434.23 $78,508.19
54 $78,508.19 $1,274.56 $0.00 $443.90 $80,226.65
55 $80,226.65 $1,274.56 $0.00 $453.61 $81,954.82
56 $81,954.82 $1,274.56 $0.00 $463.38 $83,692.76
57 $83,692.76 $1,274.56 $0.00 $473.21 $85,440.53
58 $85,440.53 $1,274.56 $0.00 $483.09 $87,198.18
59 $87,198.18 $1,274.56 $0.00 $493.03 $88,965.77
60 $88,965.77 $1,274.56 $0.00 $503.03 $90,743.36
61 $90,743.36 $1,274.56 $0.00 $513.08 $92,531.00
62 $92,531.00 $1,274.56 $0.00 $523.18 $94,328.74
63 $94,328.74 $1,274.56 $0.00 $533.35 $96,136.65
64 $96,136.65 $1,274.56 $0.00 $543.57 $97,954.78
65 $97,954.78 $1,274.56 $0.00 $553.85 $99,783.19
66 $99,783.19 $1,274.56 $0.00 $564.19 $101,621.94
67 $101,621.94 $1,274.56 $0.00 $574.59 $103,471.09
68 $103,471.09 $1,274.56 $0.00 $585.04 $105,330.69
69 $105,330.69 $1,274.56 $0.00 $595.56 $107,200.81
70 $107,200.81 $1,274.56 $0.00 $606.13 $109,081.50
71 $109,081.50 $1,274.56 $0.00 $616.76 $110,972.82
72 $110,972.82 $1,274.56 $0.00 $627.46 $112,874.84
73 $112,874.84 $1,274.56 $0.00 $638.21 $114,787.61
74 $114,787.61 $1,274.56 $0.00 $649.03 $116,711.20
75 $116,711.20 $1,274.56 $0.00 $659.90 $118,645.66
76 $118,645.66 $1,274.56 $0.00 $670.84 $120,591.06
77 $120,591.06 $1,274.56 $0.00 $681.84 $122,547.46
78 $122,547.46 $1,274.56 $0.00 $692.90 $124,514.92
79 $124,514.92 $1,274.56 $0.00 $704.03 $126,493.51
80 $126,493.51 $1,274.56 $0.00 $715.21 $128,483.28
81 $128,483.28 $1,274.56 $0.00 $726.46 $130,484.30
82 $130,484.30 $1,274.56 $0.00 $737.78 $132,496.64
83 $132,496.64 $1,274.56 $0.00 $749.16 $134,520.36
84 $134,520.36 $1,274.56 $0.00 $760.60 $136,555.52
85 $136,555.52 $1,274.56 $0.00 $772.10 $138,602.18
86 $138,602.18 $1,274.56 $0.00 $783.68 $140,660.42
87 $140,660.42 $1,274.56 $0.00 $795.31 $142,730.29
88 $142,730.29 $1,274.56 $0.00 $807.02 $144,811.87
89 $144,811.87 $1,274.56 $0.00 $818.79 $146,905.22
90 $146,905.22 $1,274.56 $0.00 $830.62 $149,010.40
91 $149,010.40 $1,274.56 $0.00 $842.53 $151,127.49
92 $151,127.49 $1,274.56 $0.00 $854.50 $153,256.55
93 $153,256.55 $1,274.56 $0.00 $866.53 $155,397.64
94 $155,397.64 $1,274.56 $0.00 $878.64 $157,550.84
95 $157,550.84 $1,274.56 $0.00 $890.82 $159,716.22
96 $159,716.22 $1,274.56 $0.00 $903.06 $161,893.84
97 $161,893.84 $1,274.56 $0.00 $915.37 $164,083.77
98 $164,083.77 $1,274.56 $0.00 $927.75 $166,286.08
99 $166,286.08 $1,274.56 $0.00 $940.21 $168,500.85
100 $168,500.85 $1,274.56 $0.00 $952.73 $170,728.14
101 $170,728.14 $1,274.56 $0.00 $965.32 $172,968.02
102 $172,968.02 $1,274.56 $0.00 $977.99 $175,220.57
103 $175,220.57 $1,274.56 $0.00 $990.72 $177,485.85
104 $177,485.85 $1,274.56 $0.00 $1,003.53 $179,763.94
105 $179,763.94 $1,274.56 $0.00 $1,016.41 $182,054.91
106 $182,054.91 $1,274.56 $0.00 $1,029.36 $184,358.83
107 $184,358.83 $1,274.56 $0.00 $1,042.39 $186,675.78
108 $186,675.78 $1,274.56 $0.00 $1,055.49 $189,005.83
109 $189,005.83 $1,274.56 $0.00 $1,068.67 $191,349.06
110 $191,349.06 $1,274.56 $0.00 $1,081.92 $193,705.54
111 $193,705.54 $1,274.56 $0.00 $1,095.24 $196,075.34
112 $196,075.34 $1,274.56 $0.00 $1,108.64 $198,458.54
113 $198,458.54 $1,274.56 $0.00 $1,122.11 $200,855.21
114 $200,855.21 $1,274.56 $0.00 $1,135.66 $203,265.43
115 $203,265.43 $1,274.56 $0.00 $1,149.29 $205,689.28
116 $205,689.28 $1,274.56 $0.00 $1,163.00 $208,126.84
117 $208,126.84 $1,274.56 $0.00 $1,176.78 $210,578.18
118 $210,578.18 $1,274.56 $0.00 $1,190.64 $213,043.38
119 $213,043.38 $1,274.56 $0.00 $1,204.58 $215,522.52
120 $215,522.52 $1,274.56 $0.00 $1,218.60 $218,015.68
121 $218,015.68 $1,274.56 $0.00 $1,232.69 $220,522.93
122 $220,522.93 $1,274.56 $0.00 $1,246.87 $223,044.36
123 $223,044.36 $1,274.56 $0.00 $1,261.13 $225,580.05
124 $225,580.05 $1,274.56 $0.00 $1,275.46 $228,130.07
125 $228,130.07 $1,274.56 $0.00 $1,289.88 $230,694.51
126 $230,694.51 $1,274.56 $0.00 $1,304.38 $233,273.45
127 $233,273.45 $1,274.56 $0.00 $1,318.96 $235,866.97
128 $235,866.97 $1,274.56 $0.00 $1,333.63 $238,475.16
129 $238,475.16 $1,274.56 $0.00 $1,348.37 $241,098.09
130 $241,098.09 $1,274.56 $0.00 $1,363.20 $243,735.85
131 $243,735.85 $1,274.56 $0.00 $1,378.12 $246,388.53
132 $246,388.53 $1,274.56 $0.00 $1,393.12 $249,056.21
133 $249,056.21 $1,274.56 $0.00 $1,408.20 $251,738.97
134 $251,738.97 $1,274.56 $0.00 $1,423.37 $254,436.90
135 $254,436.90 $1,274.56 $0.00 $1,438.62 $257,150.08
136 $257,150.08 $1,274.56 $0.00 $1,453.96 $259,878.60
137 $259,878.60 $1,274.56 $0.00 $1,469.39 $262,622.55
138 $262,622.55 $1,274.56 $0.00 $1,484.91 $265,382.02
139 $265,382.02 $1,274.56 $0.00 $1,500.51 $268,157.09
140 $268,157.09 $1,274.56 $0.00 $1,516.20 $270,947.85
141 $270,947.85 $1,274.56 $0.00 $1,531.98 $273,754.39
142 $273,754.39 $1,274.56 $0.00 $1,547.85 $276,576.80
143 $276,576.80 $1,274.56 $0.00 $1,563.81 $279,415.17
144 $279,415.17 $1,274.56 $0.00 $1,579.85 $282,269.58
145 $282,269.58 $1,274.56 $0.00 $1,595.99 $285,140.13
146 $285,140.13 $1,274.56 $0.00 $1,612.22 $288,026.91
147 $288,026.91 $1,274.56 $0.00 $1,628.55 $290,930.02
148 $290,930.02 $1,274.56 $0.00 $1,644.96 $293,849.54
149 $293,849.54 $1,274.56 $0.00 $1,661.47 $296,785.57
150 $296,785.57 $1,274.56 $0.00 $1,678.07 $299,738.20
151 $299,738.20 $1,274.56 $0.00 $1,694.76 $302,707.52
152 $302,707.52 $1,274.56 $0.00 $1,711.55 $305,693.63
153 $305,693.63 $1,274.56 $0.00 $1,728.44 $308,696.63
154 $308,696.63 $1,274.56 $0.00 $1,745.42 $311,716.61
155 $311,716.61 $1,274.56 $0.00 $1,762.49 $314,753.66
156 $314,753.66 $1,274.56 $0.00 $1,779.66 $317,807.88
157 $317,807.88 $1,274.56 $0.00 $1,796.93 $320,879.37
158 $320,879.37 $1,274.56 $0.00 $1,814.30 $323,968.23
159 $323,968.23 $1,274.56 $0.00 $1,831.76 $327,074.55
160 $327,074.55 $1,274.56 $0.00 $1,849.33 $330,198.44
161 $330,198.44 $1,274.56 $0.00 $1,866.99 $333,339.99
162 $333,339.99 $1,274.56 $0.00 $1,884.75 $336,499.30
163 $336,499.30 $1,274.56 $0.00 $1,902.62 $339,676.48
164 $339,676.48 $1,274.56 $0.00 $1,920.58 $342,871.62
165 $342,871.62 $1,274.56 $0.00 $1,938.65 $346,084.83
166 $346,084.83 $1,274.56 $0.00 $1,956.81 $349,316.20
167 $349,316.20 $1,274.56 $0.00 $1,975.08 $352,565.84
168 $352,565.84 $1,274.56 $0.00 $1,993.46 $355,833.86
169 $355,833.86 $1,274.56 $0.00 $2,011.94 $359,120.36
170 $359,120.36 $1,274.56 $0.00 $2,030.52 $362,425.44
171 $362,425.44 $1,274.56 $0.00 $2,049.21 $365,749.21
172 $365,749.21 $1,274.56 $0.00 $2,068.00 $369,091.77
173 $369,091.77 $1,274.56 $0.00 $2,086.90 $372,453.23
174 $372,453.23 $1,274.56 $0.00 $2,105.90 $375,833.69
175 $375,833.69 $1,274.56 $0.00 $2,125.02 $379,233.27
176 $379,233.27 $1,274.56 $0.00 $2,144.24 $382,652.07
177 $382,652.07 $1,274.56 $0.00 $2,163.57 $386,090.20
178 $386,090.20 $1,274.56 $0.00 $2,183.01 $389,547.77
179 $389,547.77 $1,274.56 $0.00 $2,202.56 $393,024.89
180 $393,024.89 $1,274.56 $0.00 $2,222.22 $396,521.67
181 $396,521.67 $1,274.56 $0.00 $2,241.99 $400,038.22
182 $400,038.22 $1,274.56 $0.00 $2,261.87 $403,574.65
183 $403,574.65 $1,274.56 $0.00 $2,281.87 $407,131.08
184 $407,131.08 $1,274.56 $0.00 $2,301.98 $410,707.62
185 $410,707.62 $1,274.56 $0.00 $2,322.20 $414,304.38
186 $414,304.38 $1,274.56 $0.00 $2,342.54 $417,921.48
187 $417,921.48 $1,274.56 $0.00 $2,362.99 $421,559.03
188 $421,559.03 $1,274.56 $0.00 $2,383.56 $425,217.15
189 $425,217.15 $1,274.56 $0.00 $2,404.24 $428,895.95
190 $428,895.95 $1,274.56 $0.00 $2,425.04 $432,595.55
191 $432,595.55 $1,274.56 $0.00 $2,445.96 $436,316.07
192 $436,316.07 $1,274.56 $0.00 $2,466.99 $440,057.62
193 $440,057.62 $1,274.56 $0.00 $2,488.15 $443,820.33
194 $443,820.33 $1,274.56 $0.00 $2,509.42 $447,604.31
195 $447,604.31 $1,274.56 $0.00 $2,530.82 $451,409.69
196 $451,409.69 $1,274.56 $0.00 $2,552.34 $455,236.59
197 $455,236.59 $1,274.56 $0.00 $2,573.97 $459,085.12
198 $459,085.12 $1,274.56 $0.00 $2,595.73 $462,955.41
199 $462,955.41 $1,274.56 $0.00 $2,617.62 $466,847.59
200 $466,847.59 $1,274.56 $0.00 $2,639.62 $470,761.77
201 $470,761.77 $1,274.56 $0.00 $2,661.76 $474,698.09
202 $474,698.09 $1,274.56 $0.00 $2,684.01 $478,656.66
203 $478,656.66 $1,274.56 $0.00 $2,706.39 $482,637.61
204 $482,637.61 $1,274.56 $0.00 $2,728.90 $486,641.07
205 $486,641.07 $1,274.56 $0.00 $2,751.54 $490,667.17
206 $490,667.17 $1,274.56 $0.00 $2,774.30 $494,716.03
207 $494,716.03 $1,274.56 $0.00 $2,797.20 $498,787.79
208 $498,787.79 $1,274.56 $0.00 $2,820.22 $502,882.57
209 $502,882.57 $1,274.56 $0.00 $2,843.37 $507,000.50
210 $507,000.50 $1,274.56 $0.00 $2,866.65 $511,141.71
211 $511,141.71 $1,274.56 $0.00 $2,890.07 $515,306.34
212 $515,306.34 $1,274.56 $0.00 $2,913.62 $519,494.52
213 $519,494.52 $1,274.56 $0.00 $2,937.30 $523,706.38
214 $523,706.38 $1,274.56 $0.00 $2,961.11 $527,942.05
215 $527,942.05 $1,274.56 $0.00 $2,985.06 $532,201.67
216 $532,201.67 $1,274.56 $0.00 $3,009.15 $536,485.38
217 $536,485.38 $1,274.56 $149,426.99 $3,033.37 $391,366.32
218 $391,366.32 $1,274.56 $0.00 $2,212.84 $394,853.72
219 $394,853.72 $1,274.56 $0.00 $2,232.56 $398,360.84
220 $398,360.84 $1,274.56 $0.00 $2,252.39 $401,887.79
221 $401,887.79 $1,274.56 $0.00 $2,272.33 $405,434.68
222 $405,434.68 $1,274.56 $0.00 $2,292.39 $409,001.63
223 $409,001.63 $1,274.56 $0.00 $2,312.55 $412,588.74
224 $412,588.74 $1,274.56 $0.00 $2,332.84 $416,196.14
225 $416,196.14 $1,274.56 $0.00 $2,353.23 $419,823.93
226 $419,823.93 $1,274.56 $0.00 $2,373.75 $423,472.24
227 $423,472.24 $1,274.56 $0.00 $2,394.37 $427,141.17
228 $427,141.17 $1,274.56 $0.00 $2,415.12 $430,830.85
229 $430,830.85 $1,274.56 $156,898.34 $2,435.98 $277,643.05
230 $277,643.05 $1,274.56 $0.00 $1,569.83 $280,487.44
231 $280,487.44 $1,274.56 $0.00 $1,585.92 $283,347.92
232 $283,347.92 $1,274.56 $0.00 $1,602.09 $286,224.57
233 $286,224.57 $1,274.56 $0.00 $1,618.36 $289,117.49
234 $289,117.49 $1,274.56 $0.00 $1,634.71 $292,026.76
235 $292,026.76 $1,274.56 $0.00 $1,651.16 $294,952.48
236 $294,952.48 $1,274.56 $0.00 $1,667.70 $297,894.74
237 $297,894.74 $1,274.56 $0.00 $1,684.34 $300,853.64
238 $300,853.64 $1,274.56 $0.00 $1,701.07 $303,829.27
239 $303,829.27 $1,274.56 $0.00 $1,717.89 $306,821.72
240 $306,821.72 $1,274.56 $0.00 $1,734.81 $309,831.09
241 $309,831.09 $1,274.56 $164,743.25 $1,751.83 $148,114.23
242 $148,114.23 $1,274.56 $0.00 $837.46 $150,226.25
243 $150,226.25 $1,274.56 $0.00 $849.40 $152,350.21
244 $152,350.21 $1,274.56 $0.00 $861.41 $154,486.18
245 $154,486.18 $1,274.56 $0.00 $873.49 $156,634.23
246 $156,634.23 $1,274.56 $0.00 $885.63 $158,794.42
247 $158,794.42 $1,274.56 $0.00 $897.85 $160,966.83
248 $160,966.83 $1,274.56 $0.00 $910.13 $163,151.52
249 $163,151.52 $1,274.56 $0.00 $922.48 $165,348.56
250 $165,348.56 $1,274.56 $0.00 $934.90 $167,558.02
251 $167,558.02 $1,274.56 $0.00 $947.40 $169,779.98
252 $169,779.98 $1,274.56 $0.00 $959.96 $172,014.50
253 $172,014.50 $0.00 $172,980.42 $972.59 $6.67