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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$135,101
Monthly savings required$1,069

How much will it cost to send your child to Central College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $540,403.68 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,069.45 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$52,098.00
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 $1,069.45 $0.00 $0.00 $1,069.45
2 $1,069.45 $1,069.45 $0.00 $6.05 $2,144.95
3 $2,144.95 $1,069.45 $0.00 $12.13 $3,226.53
4 $3,226.53 $1,069.45 $0.00 $18.24 $4,314.22
5 $4,314.22 $1,069.45 $0.00 $24.39 $5,408.06
6 $5,408.06 $1,069.45 $0.00 $30.58 $6,508.09
7 $6,508.09 $1,069.45 $0.00 $36.80 $7,614.34
8 $7,614.34 $1,069.45 $0.00 $43.05 $8,726.84
9 $8,726.84 $1,069.45 $0.00 $49.34 $9,845.63
10 $9,845.63 $1,069.45 $0.00 $55.67 $10,970.75
11 $10,970.75 $1,069.45 $0.00 $62.03 $12,102.23
12 $12,102.23 $1,069.45 $0.00 $68.43 $13,240.11
13 $13,240.11 $1,069.45 $0.00 $74.86 $14,384.42
14 $14,384.42 $1,069.45 $0.00 $81.33 $15,535.20
15 $15,535.20 $1,069.45 $0.00 $87.84 $16,692.49
16 $16,692.49 $1,069.45 $0.00 $94.38 $17,856.32
17 $17,856.32 $1,069.45 $0.00 $100.96 $19,026.73
18 $19,026.73 $1,069.45 $0.00 $107.58 $20,203.76
19 $20,203.76 $1,069.45 $0.00 $114.23 $21,387.44
20 $21,387.44 $1,069.45 $0.00 $120.93 $22,577.82
21 $22,577.82 $1,069.45 $0.00 $127.66 $23,774.93
22 $23,774.93 $1,069.45 $0.00 $134.43 $24,978.81
23 $24,978.81 $1,069.45 $0.00 $141.23 $26,189.49
24 $26,189.49 $1,069.45 $0.00 $148.08 $27,407.02
25 $27,407.02 $1,069.45 $0.00 $154.96 $28,631.43
26 $28,631.43 $1,069.45 $0.00 $161.89 $29,862.77
27 $29,862.77 $1,069.45 $0.00 $168.85 $31,101.07
28 $31,101.07 $1,069.45 $0.00 $175.85 $32,346.37
29 $32,346.37 $1,069.45 $0.00 $182.89 $33,598.71
30 $33,598.71 $1,069.45 $0.00 $189.97 $34,858.13
31 $34,858.13 $1,069.45 $0.00 $197.09 $36,124.67
32 $36,124.67 $1,069.45 $0.00 $204.25 $37,398.37
33 $37,398.37 $1,069.45 $0.00 $211.46 $38,679.28
34 $38,679.28 $1,069.45 $0.00 $218.70 $39,967.43
35 $39,967.43 $1,069.45 $0.00 $225.98 $41,262.86
36 $41,262.86 $1,069.45 $0.00 $233.31 $42,565.62
37 $42,565.62 $1,069.45 $0.00 $240.67 $43,875.74
38 $43,875.74 $1,069.45 $0.00 $248.08 $45,193.27
39 $45,193.27 $1,069.45 $0.00 $255.53 $46,518.25
40 $46,518.25 $1,069.45 $0.00 $263.02 $47,850.72
41 $47,850.72 $1,069.45 $0.00 $270.55 $49,190.72
42 $49,190.72 $1,069.45 $0.00 $278.13 $50,538.30
43 $50,538.30 $1,069.45 $0.00 $285.75 $51,893.50
44 $51,893.50 $1,069.45 $0.00 $293.41 $53,256.36
45 $53,256.36 $1,069.45 $0.00 $301.12 $54,626.93
46 $54,626.93 $1,069.45 $0.00 $308.87 $56,005.25
47 $56,005.25 $1,069.45 $0.00 $316.66 $57,391.36
48 $57,391.36 $1,069.45 $0.00 $324.50 $58,785.31
49 $58,785.31 $1,069.45 $0.00 $332.38 $60,187.14
50 $60,187.14 $1,069.45 $0.00 $340.31 $61,596.90
51 $61,596.90 $1,069.45 $0.00 $348.28 $63,014.63
52 $63,014.63 $1,069.45 $0.00 $356.29 $64,440.37
53 $64,440.37 $1,069.45 $0.00 $364.36 $65,874.18
54 $65,874.18 $1,069.45 $0.00 $372.46 $67,316.09
55 $67,316.09 $1,069.45 $0.00 $380.61 $68,766.15
56 $68,766.15 $1,069.45 $0.00 $388.81 $70,224.41
57 $70,224.41 $1,069.45 $0.00 $397.06 $71,690.92
58 $71,690.92 $1,069.45 $0.00 $405.35 $73,165.72
59 $73,165.72 $1,069.45 $0.00 $413.69 $74,648.86
60 $74,648.86 $1,069.45 $0.00 $422.08 $76,140.39
61 $76,140.39 $1,069.45 $0.00 $430.51 $77,640.35
62 $77,640.35 $1,069.45 $0.00 $438.99 $79,148.79
63 $79,148.79 $1,069.45 $0.00 $447.52 $80,665.76
64 $80,665.76 $1,069.45 $0.00 $456.10 $82,191.31
65 $82,191.31 $1,069.45 $0.00 $464.72 $83,725.48
66 $83,725.48 $1,069.45 $0.00 $473.40 $85,268.33
67 $85,268.33 $1,069.45 $0.00 $482.12 $86,819.90
68 $86,819.90 $1,069.45 $0.00 $490.89 $88,380.24
69 $88,380.24 $1,069.45 $0.00 $499.71 $89,949.40
70 $89,949.40 $1,069.45 $0.00 $508.59 $91,527.44
71 $91,527.44 $1,069.45 $0.00 $517.51 $93,114.40
72 $93,114.40 $1,069.45 $0.00 $526.48 $94,710.33
73 $94,710.33 $1,069.45 $0.00 $535.51 $96,315.29
74 $96,315.29 $1,069.45 $0.00 $544.58 $97,929.32
75 $97,929.32 $1,069.45 $0.00 $553.71 $99,552.48
76 $99,552.48 $1,069.45 $0.00 $562.88 $101,184.81
77 $101,184.81 $1,069.45 $0.00 $572.11 $102,826.37
78 $102,826.37 $1,069.45 $0.00 $581.40 $104,477.22
79 $104,477.22 $1,069.45 $0.00 $590.73 $106,137.40
80 $106,137.40 $1,069.45 $0.00 $600.12 $107,806.97
81 $107,806.97 $1,069.45 $0.00 $609.56 $109,485.98
82 $109,485.98 $1,069.45 $0.00 $619.05 $111,174.48
83 $111,174.48 $1,069.45 $0.00 $628.60 $112,872.53
84 $112,872.53 $1,069.45 $0.00 $638.20 $114,580.18
85 $114,580.18 $1,069.45 $0.00 $647.85 $116,297.48
86 $116,297.48 $1,069.45 $0.00 $657.56 $118,024.49
87 $118,024.49 $1,069.45 $0.00 $667.33 $119,761.27
88 $119,761.27 $1,069.45 $0.00 $677.15 $121,507.87
89 $121,507.87 $1,069.45 $0.00 $687.02 $123,264.34
90 $123,264.34 $1,069.45 $0.00 $696.95 $125,030.74
91 $125,030.74 $1,069.45 $0.00 $706.94 $126,807.13
92 $126,807.13 $1,069.45 $0.00 $716.99 $128,593.57
93 $128,593.57 $1,069.45 $0.00 $727.09 $130,390.11
94 $130,390.11 $1,069.45 $0.00 $737.24 $132,196.80
95 $132,196.80 $1,069.45 $0.00 $747.46 $134,013.71
96 $134,013.71 $1,069.45 $0.00 $757.73 $135,840.89
97 $135,840.89 $1,069.45 $0.00 $768.06 $137,678.40
98 $137,678.40 $1,069.45 $0.00 $778.45 $139,526.30
99 $139,526.30 $1,069.45 $0.00 $788.90 $141,384.65
100 $141,384.65 $1,069.45 $0.00 $799.41 $143,253.51
101 $143,253.51 $1,069.45 $0.00 $809.98 $145,132.94
102 $145,132.94 $1,069.45 $0.00 $820.60 $147,022.99
103 $147,022.99 $1,069.45 $0.00 $831.29 $148,923.73
104 $148,923.73 $1,069.45 $0.00 $842.04 $150,835.22
105 $150,835.22 $1,069.45 $0.00 $852.84 $152,757.51
106 $152,757.51 $1,069.45 $0.00 $863.71 $154,690.67
107 $154,690.67 $1,069.45 $0.00 $874.64 $156,634.76
108 $156,634.76 $1,069.45 $0.00 $885.64 $158,589.85
109 $158,589.85 $1,069.45 $0.00 $896.69 $160,555.99
110 $160,555.99 $1,069.45 $0.00 $907.81 $162,533.25
111 $162,533.25 $1,069.45 $0.00 $918.99 $164,521.69
112 $164,521.69 $1,069.45 $0.00 $930.23 $166,521.37
113 $166,521.37 $1,069.45 $0.00 $941.54 $168,532.36
114 $168,532.36 $1,069.45 $0.00 $952.91 $170,554.72
115 $170,554.72 $1,069.45 $0.00 $964.34 $172,588.51
116 $172,588.51 $1,069.45 $0.00 $975.84 $174,633.80
117 $174,633.80 $1,069.45 $0.00 $987.40 $176,690.65
118 $176,690.65 $1,069.45 $0.00 $999.03 $178,759.13
119 $178,759.13 $1,069.45 $0.00 $1,010.73 $180,839.31
120 $180,839.31 $1,069.45 $0.00 $1,022.49 $182,931.25
121 $182,931.25 $1,069.45 $0.00 $1,034.32 $185,035.02
122 $185,035.02 $1,069.45 $0.00 $1,046.21 $187,150.68
123 $187,150.68 $1,069.45 $0.00 $1,058.18 $189,278.31
124 $189,278.31 $1,069.45 $0.00 $1,070.21 $191,417.97
125 $191,417.97 $1,069.45 $0.00 $1,082.31 $193,569.73
126 $193,569.73 $1,069.45 $0.00 $1,094.47 $195,733.65
127 $195,733.65 $1,069.45 $0.00 $1,106.71 $197,909.81
128 $197,909.81 $1,069.45 $0.00 $1,119.01 $200,098.27
129 $200,098.27 $1,069.45 $0.00 $1,131.38 $202,299.10
130 $202,299.10 $1,069.45 $0.00 $1,143.83 $204,512.38
131 $204,512.38 $1,069.45 $0.00 $1,156.34 $206,738.17
132 $206,738.17 $1,069.45 $0.00 $1,168.93 $208,976.55
133 $208,976.55 $1,069.45 $0.00 $1,181.58 $211,227.58
134 $211,227.58 $1,069.45 $0.00 $1,194.31 $213,491.34
135 $213,491.34 $1,069.45 $0.00 $1,207.11 $215,767.90
136 $215,767.90 $1,069.45 $0.00 $1,219.98 $218,057.33
137 $218,057.33 $1,069.45 $0.00 $1,232.93 $220,359.71
138 $220,359.71 $1,069.45 $0.00 $1,245.95 $222,675.11
139 $222,675.11 $1,069.45 $0.00 $1,259.04 $225,003.60
140 $225,003.60 $1,069.45 $0.00 $1,272.20 $227,345.25
141 $227,345.25 $1,069.45 $0.00 $1,285.44 $229,700.14
142 $229,700.14 $1,069.45 $0.00 $1,298.76 $232,068.35
143 $232,068.35 $1,069.45 $0.00 $1,312.15 $234,449.95
144 $234,449.95 $1,069.45 $0.00 $1,325.61 $236,845.01
145 $236,845.01 $1,069.45 $0.00 $1,339.16 $239,253.62
146 $239,253.62 $1,069.45 $0.00 $1,352.77 $241,675.84
147 $241,675.84 $1,069.45 $0.00 $1,366.47 $244,111.76
148 $244,111.76 $1,069.45 $0.00 $1,380.24 $246,561.45
149 $246,561.45 $1,069.45 $0.00 $1,394.09 $249,024.99
150 $249,024.99 $1,069.45 $0.00 $1,408.02 $251,502.46
151 $251,502.46 $1,069.45 $0.00 $1,422.03 $253,993.94
152 $253,993.94 $1,069.45 $0.00 $1,436.12 $256,499.51
153 $256,499.51 $1,069.45 $0.00 $1,450.29 $259,019.25
154 $259,019.25 $1,069.45 $0.00 $1,464.53 $261,553.23
155 $261,553.23 $1,069.45 $0.00 $1,478.86 $264,101.54
156 $264,101.54 $1,069.45 $0.00 $1,493.27 $266,664.26
157 $266,664.26 $1,069.45 $0.00 $1,507.76 $269,241.47
158 $269,241.47 $1,069.45 $0.00 $1,522.33 $271,833.25
159 $271,833.25 $1,069.45 $0.00 $1,536.98 $274,439.68
160 $274,439.68 $1,069.45 $0.00 $1,551.72 $277,060.85
161 $277,060.85 $1,069.45 $0.00 $1,566.54 $279,696.84
162 $279,696.84 $1,069.45 $0.00 $1,581.45 $282,347.74
163 $282,347.74 $1,069.45 $0.00 $1,596.44 $285,013.63
164 $285,013.63 $1,069.45 $0.00 $1,611.51 $287,694.59
165 $287,694.59 $1,069.45 $0.00 $1,626.67 $290,390.71
166 $290,390.71 $1,069.45 $0.00 $1,641.91 $293,102.07
167 $293,102.07 $1,069.45 $0.00 $1,657.24 $295,828.76
168 $295,828.76 $1,069.45 $0.00 $1,672.66 $298,570.87
169 $298,570.87 $1,069.45 $0.00 $1,688.16 $301,328.48
170 $301,328.48 $1,069.45 $0.00 $1,703.76 $304,101.69
171 $304,101.69 $1,069.45 $0.00 $1,719.44 $306,890.58
172 $306,890.58 $1,069.45 $0.00 $1,735.20 $309,695.23
173 $309,695.23 $1,069.45 $0.00 $1,751.06 $312,515.74
174 $312,515.74 $1,069.45 $0.00 $1,767.01 $315,352.20
175 $315,352.20 $1,069.45 $0.00 $1,783.05 $318,204.70
176 $318,204.70 $1,069.45 $0.00 $1,799.18 $321,073.33
177 $321,073.33 $1,069.45 $0.00 $1,815.40 $323,958.18
178 $323,958.18 $1,069.45 $0.00 $1,831.71 $326,859.34
179 $326,859.34 $1,069.45 $0.00 $1,848.11 $329,776.90
180 $329,776.90 $1,069.45 $0.00 $1,864.61 $332,710.96
181 $332,710.96 $1,069.45 $0.00 $1,881.20 $335,661.61
182 $335,661.61 $1,069.45 $0.00 $1,897.88 $338,628.94
183 $338,628.94 $1,069.45 $0.00 $1,914.66 $341,613.05
184 $341,613.05 $1,069.45 $0.00 $1,931.53 $344,614.03
185 $344,614.03 $1,069.45 $0.00 $1,948.50 $347,631.98
186 $347,631.98 $1,069.45 $0.00 $1,965.56 $350,666.99
187 $350,666.99 $1,069.45 $0.00 $1,982.72 $353,719.16
188 $353,719.16 $1,069.45 $0.00 $1,999.98 $356,788.59
189 $356,788.59 $1,069.45 $0.00 $2,017.33 $359,875.37
190 $359,875.37 $1,069.45 $0.00 $2,034.79 $362,979.61
191 $362,979.61 $1,069.45 $0.00 $2,052.34 $366,101.40
192 $366,101.40 $1,069.45 $0.00 $2,069.99 $369,240.84
193 $369,240.84 $1,069.45 $0.00 $2,087.74 $372,398.03
194 $372,398.03 $1,069.45 $0.00 $2,105.59 $375,573.07
195 $375,573.07 $1,069.45 $0.00 $2,123.54 $378,766.06
196 $378,766.06 $1,069.45 $0.00 $2,141.60 $381,977.11
197 $381,977.11 $1,069.45 $0.00 $2,159.75 $385,206.31
198 $385,206.31 $1,069.45 $0.00 $2,178.01 $388,453.77
199 $388,453.77 $1,069.45 $0.00 $2,196.37 $391,719.59
200 $391,719.59 $1,069.45 $0.00 $2,214.84 $395,003.88
201 $395,003.88 $1,069.45 $0.00 $2,233.41 $398,306.74
202 $398,306.74 $1,069.45 $0.00 $2,252.08 $401,628.27
203 $401,628.27 $1,069.45 $0.00 $2,270.86 $404,968.58
204 $404,968.58 $1,069.45 $0.00 $2,289.75 $408,327.78
205 $408,327.78 $1,069.45 $0.00 $2,308.74 $411,705.97
206 $411,705.97 $1,069.45 $0.00 $2,327.85 $415,103.27
207 $415,103.27 $1,069.45 $0.00 $2,347.05 $418,519.77
208 $418,519.77 $1,069.45 $0.00 $2,366.37 $421,955.59
209 $421,955.59 $1,069.45 $0.00 $2,385.80 $425,410.84
210 $425,410.84 $1,069.45 $0.00 $2,405.33 $428,885.62
211 $428,885.62 $1,069.45 $0.00 $2,424.98 $432,380.05
212 $432,380.05 $1,069.45 $0.00 $2,444.74 $435,894.24
213 $435,894.24 $1,069.45 $0.00 $2,464.61 $439,428.30
214 $439,428.30 $1,069.45 $0.00 $2,484.59 $442,982.34
215 $442,982.34 $1,069.45 $0.00 $2,504.69 $446,556.48
216 $446,556.48 $1,069.45 $0.00 $2,524.90 $450,150.83
217 $450,150.83 $1,069.45 $125,380.05 $2,545.22 $328,385.45
218 $328,385.45 $1,069.45 $0.00 $1,856.74 $331,311.64
219 $331,311.64 $1,069.45 $0.00 $1,873.28 $334,254.37
220 $334,254.37 $1,069.45 $0.00 $1,889.92 $337,213.74
221 $337,213.74 $1,069.45 $0.00 $1,906.66 $340,189.85
222 $340,189.85 $1,069.45 $0.00 $1,923.48 $343,182.78
223 $343,182.78 $1,069.45 $0.00 $1,940.41 $346,192.64
224 $346,192.64 $1,069.45 $0.00 $1,957.42 $349,219.51
225 $349,219.51 $1,069.45 $0.00 $1,974.54 $352,263.50
226 $352,263.50 $1,069.45 $0.00 $1,991.75 $355,324.70
227 $355,324.70 $1,069.45 $0.00 $2,009.06 $358,403.21
228 $358,403.21 $1,069.45 $0.00 $2,026.46 $361,499.12
229 $361,499.12 $1,069.45 $131,649.05 $2,043.97 $232,963.49
230 $232,963.49 $1,069.45 $0.00 $1,317.21 $235,350.15
231 $235,350.15 $1,069.45 $0.00 $1,330.70 $237,750.30
232 $237,750.30 $1,069.45 $0.00 $1,344.27 $240,164.02
233 $240,164.02 $1,069.45 $0.00 $1,357.92 $242,591.39
234 $242,591.39 $1,069.45 $0.00 $1,371.65 $245,032.49
235 $245,032.49 $1,069.45 $0.00 $1,385.45 $247,487.39
236 $247,487.39 $1,069.45 $0.00 $1,399.33 $249,956.17
237 $249,956.17 $1,069.45 $0.00 $1,413.29 $252,438.91
238 $252,438.91 $1,069.45 $0.00 $1,427.33 $254,935.69
239 $254,935.69 $1,069.45 $0.00 $1,441.44 $257,446.58
240 $257,446.58 $1,069.45 $0.00 $1,455.64 $259,971.67
241 $259,971.67 $1,069.45 $138,231.50 $1,469.92 $124,279.54
242 $124,279.54 $1,069.45 $0.00 $702.69 $126,051.68
243 $126,051.68 $1,069.45 $0.00 $712.71 $127,833.84
244 $127,833.84 $1,069.45 $0.00 $722.79 $129,626.08
245 $129,626.08 $1,069.45 $0.00 $732.92 $131,428.45
246 $131,428.45 $1,069.45 $0.00 $743.12 $133,241.02
247 $133,241.02 $1,069.45 $0.00 $753.36 $135,063.83
248 $135,063.83 $1,069.45 $0.00 $763.67 $136,896.95
249 $136,896.95 $1,069.45 $0.00 $774.04 $138,740.44
250 $138,740.44 $1,069.45 $0.00 $784.46 $140,594.35
251 $140,594.35 $1,069.45 $0.00 $794.94 $142,458.74
252 $142,458.74 $1,069.45 $0.00 $805.48 $144,333.67
253 $144,333.67 $0.00 $145,143.08 $816.08 $6.67