Savings Plan and Future Cost Estimation for Southwestern College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$203,528
Monthly savings required$1,609

How much will it cost to send your child to Southwestern College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $814,113.84 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,608.52 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$54,250.00
Years until enrollment18
Annual Tuition Increase7%
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 $1,608.52 $0.00 $0.00 $1,608.52
2 $1,608.52 $1,608.52 $0.00 $9.09 $3,226.13
3 $3,226.13 $1,608.52 $0.00 $18.24 $4,852.89
4 $4,852.89 $1,608.52 $0.00 $27.44 $6,488.85
5 $6,488.85 $1,608.52 $0.00 $36.69 $8,134.06
6 $8,134.06 $1,608.52 $0.00 $45.99 $9,788.57
7 $9,788.57 $1,608.52 $0.00 $55.35 $11,452.44
8 $11,452.44 $1,608.52 $0.00 $64.75 $13,125.71
9 $13,125.71 $1,608.52 $0.00 $74.21 $14,808.44
10 $14,808.44 $1,608.52 $0.00 $83.73 $16,500.69
11 $16,500.69 $1,608.52 $0.00 $93.30 $18,202.51
12 $18,202.51 $1,608.52 $0.00 $102.92 $19,913.95
13 $19,913.95 $1,608.52 $0.00 $112.60 $21,635.07
14 $21,635.07 $1,608.52 $0.00 $122.33 $23,365.92
15 $23,365.92 $1,608.52 $0.00 $132.11 $25,106.55
16 $25,106.55 $1,608.52 $0.00 $141.96 $26,857.03
17 $26,857.03 $1,608.52 $0.00 $151.85 $28,617.40
18 $28,617.40 $1,608.52 $0.00 $161.81 $30,387.73
19 $30,387.73 $1,608.52 $0.00 $171.82 $32,168.07
20 $32,168.07 $1,608.52 $0.00 $181.88 $33,958.47
21 $33,958.47 $1,608.52 $0.00 $192.01 $35,759.00
22 $35,759.00 $1,608.52 $0.00 $202.19 $37,569.71
23 $37,569.71 $1,608.52 $0.00 $212.42 $39,390.65
24 $39,390.65 $1,608.52 $0.00 $222.72 $41,221.89
25 $41,221.89 $1,608.52 $0.00 $233.07 $43,063.48
26 $43,063.48 $1,608.52 $0.00 $243.49 $44,915.49
27 $44,915.49 $1,608.52 $0.00 $253.96 $46,777.97
28 $46,777.97 $1,608.52 $0.00 $264.49 $48,650.98
29 $48,650.98 $1,608.52 $0.00 $275.08 $50,534.58
30 $50,534.58 $1,608.52 $0.00 $285.73 $52,428.83
31 $52,428.83 $1,608.52 $0.00 $296.44 $54,333.79
32 $54,333.79 $1,608.52 $0.00 $307.21 $56,249.52
33 $56,249.52 $1,608.52 $0.00 $318.04 $58,176.08
34 $58,176.08 $1,608.52 $0.00 $328.94 $60,113.54
35 $60,113.54 $1,608.52 $0.00 $339.89 $62,061.95
36 $62,061.95 $1,608.52 $0.00 $350.91 $64,021.38
37 $64,021.38 $1,608.52 $0.00 $361.99 $65,991.89
38 $65,991.89 $1,608.52 $0.00 $373.13 $67,973.54
39 $67,973.54 $1,608.52 $0.00 $384.33 $69,966.39
40 $69,966.39 $1,608.52 $0.00 $395.60 $71,970.51
41 $71,970.51 $1,608.52 $0.00 $406.93 $73,985.96
42 $73,985.96 $1,608.52 $0.00 $418.33 $76,012.81
43 $76,012.81 $1,608.52 $0.00 $429.79 $78,051.12
44 $78,051.12 $1,608.52 $0.00 $441.31 $80,100.95
45 $80,100.95 $1,608.52 $0.00 $452.90 $82,162.37
46 $82,162.37 $1,608.52 $0.00 $464.56 $84,235.45
47 $84,235.45 $1,608.52 $0.00 $476.28 $86,320.25
48 $86,320.25 $1,608.52 $0.00 $488.07 $88,416.84
49 $88,416.84 $1,608.52 $0.00 $499.92 $90,525.28
50 $90,525.28 $1,608.52 $0.00 $511.84 $92,645.64
51 $92,645.64 $1,608.52 $0.00 $523.83 $94,777.99
52 $94,777.99 $1,608.52 $0.00 $535.89 $96,922.40
53 $96,922.40 $1,608.52 $0.00 $548.01 $99,078.93
54 $99,078.93 $1,608.52 $0.00 $560.21 $101,247.66
55 $101,247.66 $1,608.52 $0.00 $572.47 $103,428.65
56 $103,428.65 $1,608.52 $0.00 $584.80 $105,621.97
57 $105,621.97 $1,608.52 $0.00 $597.20 $107,827.69
58 $107,827.69 $1,608.52 $0.00 $609.67 $110,045.88
59 $110,045.88 $1,608.52 $0.00 $622.22 $112,276.62
60 $112,276.62 $1,608.52 $0.00 $634.83 $114,519.97
61 $114,519.97 $1,608.52 $0.00 $647.51 $116,776.00
62 $116,776.00 $1,608.52 $0.00 $660.27 $119,044.79
63 $119,044.79 $1,608.52 $0.00 $673.10 $121,326.41
64 $121,326.41 $1,608.52 $0.00 $686.00 $123,620.93
65 $123,620.93 $1,608.52 $0.00 $698.97 $125,928.42
66 $125,928.42 $1,608.52 $0.00 $712.02 $128,248.96
67 $128,248.96 $1,608.52 $0.00 $725.14 $130,582.62
68 $130,582.62 $1,608.52 $0.00 $738.33 $132,929.47
69 $132,929.47 $1,608.52 $0.00 $751.60 $135,289.59
70 $135,289.59 $1,608.52 $0.00 $764.95 $137,663.06
71 $137,663.06 $1,608.52 $0.00 $778.37 $140,049.95
72 $140,049.95 $1,608.52 $0.00 $791.86 $142,450.33
73 $142,450.33 $1,608.52 $0.00 $805.43 $144,864.28
74 $144,864.28 $1,608.52 $0.00 $819.08 $147,291.88
75 $147,291.88 $1,608.52 $0.00 $832.81 $149,733.21
76 $149,733.21 $1,608.52 $0.00 $846.61 $152,188.34
77 $152,188.34 $1,608.52 $0.00 $860.50 $154,657.36
78 $154,657.36 $1,608.52 $0.00 $874.46 $157,140.34
79 $157,140.34 $1,608.52 $0.00 $888.49 $159,637.35
80 $159,637.35 $1,608.52 $0.00 $902.61 $162,148.48
81 $162,148.48 $1,608.52 $0.00 $916.81 $164,673.81
82 $164,673.81 $1,608.52 $0.00 $931.09 $167,213.42
83 $167,213.42 $1,608.52 $0.00 $945.45 $169,767.39
84 $169,767.39 $1,608.52 $0.00 $959.89 $172,335.80
85 $172,335.80 $1,608.52 $0.00 $974.41 $174,918.73
86 $174,918.73 $1,608.52 $0.00 $989.02 $177,516.27
87 $177,516.27 $1,608.52 $0.00 $1,003.70 $180,128.49
88 $180,128.49 $1,608.52 $0.00 $1,018.47 $182,755.48
89 $182,755.48 $1,608.52 $0.00 $1,033.33 $185,397.33
90 $185,397.33 $1,608.52 $0.00 $1,048.26 $188,054.11
91 $188,054.11 $1,608.52 $0.00 $1,063.29 $190,725.92
92 $190,725.92 $1,608.52 $0.00 $1,078.39 $193,412.83
93 $193,412.83 $1,608.52 $0.00 $1,093.58 $196,114.93
94 $196,114.93 $1,608.52 $0.00 $1,108.86 $198,832.31
95 $198,832.31 $1,608.52 $0.00 $1,124.23 $201,565.06
96 $201,565.06 $1,608.52 $0.00 $1,139.68 $204,313.26
97 $204,313.26 $1,608.52 $0.00 $1,155.22 $207,077.00
98 $207,077.00 $1,608.52 $0.00 $1,170.84 $209,856.36
99 $209,856.36 $1,608.52 $0.00 $1,186.56 $212,651.44
100 $212,651.44 $1,608.52 $0.00 $1,202.36 $215,462.32
101 $215,462.32 $1,608.52 $0.00 $1,218.26 $218,289.10
102 $218,289.10 $1,608.52 $0.00 $1,234.24 $221,131.86
103 $221,131.86 $1,608.52 $0.00 $1,250.31 $223,990.69
104 $223,990.69 $1,608.52 $0.00 $1,266.48 $226,865.69
105 $226,865.69 $1,608.52 $0.00 $1,282.73 $229,756.94
106 $229,756.94 $1,608.52 $0.00 $1,299.08 $232,664.54
107 $232,664.54 $1,608.52 $0.00 $1,315.52 $235,588.58
108 $235,588.58 $1,608.52 $0.00 $1,332.05 $238,529.15
109 $238,529.15 $1,608.52 $0.00 $1,348.68 $241,486.35
110 $241,486.35 $1,608.52 $0.00 $1,365.40 $244,460.27
111 $244,460.27 $1,608.52 $0.00 $1,382.21 $247,451.00
112 $247,451.00 $1,608.52 $0.00 $1,399.12 $250,458.64
113 $250,458.64 $1,608.52 $0.00 $1,416.13 $253,483.29
114 $253,483.29 $1,608.52 $0.00 $1,433.23 $256,525.04
115 $256,525.04 $1,608.52 $0.00 $1,450.43 $259,583.99
116 $259,583.99 $1,608.52 $0.00 $1,467.73 $262,660.24
117 $262,660.24 $1,608.52 $0.00 $1,485.12 $265,753.88
118 $265,753.88 $1,608.52 $0.00 $1,502.61 $268,865.01
119 $268,865.01 $1,608.52 $0.00 $1,520.20 $271,993.73
120 $271,993.73 $1,608.52 $0.00 $1,537.89 $275,140.14
121 $275,140.14 $1,608.52 $0.00 $1,555.68 $278,304.34
122 $278,304.34 $1,608.52 $0.00 $1,573.57 $281,486.43
123 $281,486.43 $1,608.52 $0.00 $1,591.57 $284,686.52
124 $284,686.52 $1,608.52 $0.00 $1,609.66 $287,904.70
125 $287,904.70 $1,608.52 $0.00 $1,627.86 $291,141.08
126 $291,141.08 $1,608.52 $0.00 $1,646.15 $294,395.75
127 $294,395.75 $1,608.52 $0.00 $1,664.56 $297,668.83
128 $297,668.83 $1,608.52 $0.00 $1,683.06 $300,960.41
129 $300,960.41 $1,608.52 $0.00 $1,701.67 $304,270.60
130 $304,270.60 $1,608.52 $0.00 $1,720.39 $307,599.51
131 $307,599.51 $1,608.52 $0.00 $1,739.21 $310,947.24
132 $310,947.24 $1,608.52 $0.00 $1,758.14 $314,313.90
133 $314,313.90 $1,608.52 $0.00 $1,777.18 $317,699.60
134 $317,699.60 $1,608.52 $0.00 $1,796.32 $321,104.44
135 $321,104.44 $1,608.52 $0.00 $1,815.57 $324,528.53
136 $324,528.53 $1,608.52 $0.00 $1,834.93 $327,971.98
137 $327,971.98 $1,608.52 $0.00 $1,854.40 $331,434.90
138 $331,434.90 $1,608.52 $0.00 $1,873.98 $334,917.40
139 $334,917.40 $1,608.52 $0.00 $1,893.67 $338,419.59
140 $338,419.59 $1,608.52 $0.00 $1,913.47 $341,941.58
141 $341,941.58 $1,608.52 $0.00 $1,933.39 $345,483.49
142 $345,483.49 $1,608.52 $0.00 $1,953.41 $349,045.42
143 $349,045.42 $1,608.52 $0.00 $1,973.55 $352,627.49
144 $352,627.49 $1,608.52 $0.00 $1,993.81 $356,229.82
145 $356,229.82 $1,608.52 $0.00 $2,014.18 $359,852.52
146 $359,852.52 $1,608.52 $0.00 $2,034.66 $363,495.70
147 $363,495.70 $1,608.52 $0.00 $2,055.26 $367,159.48
148 $367,159.48 $1,608.52 $0.00 $2,075.97 $370,843.97
149 $370,843.97 $1,608.52 $0.00 $2,096.81 $374,549.30
150 $374,549.30 $1,608.52 $0.00 $2,117.76 $378,275.58
151 $378,275.58 $1,608.52 $0.00 $2,138.83 $382,022.93
152 $382,022.93 $1,608.52 $0.00 $2,160.01 $385,791.46
153 $385,791.46 $1,608.52 $0.00 $2,181.32 $389,581.30
154 $389,581.30 $1,608.52 $0.00 $2,202.75 $393,392.57
155 $393,392.57 $1,608.52 $0.00 $2,224.30 $397,225.39
156 $397,225.39 $1,608.52 $0.00 $2,245.97 $401,079.88
157 $401,079.88 $1,608.52 $0.00 $2,267.76 $404,956.16
158 $404,956.16 $1,608.52 $0.00 $2,289.68 $408,854.36
159 $408,854.36 $1,608.52 $0.00 $2,311.72 $412,774.60
160 $412,774.60 $1,608.52 $0.00 $2,333.89 $416,717.01
161 $416,717.01 $1,608.52 $0.00 $2,356.18 $420,681.71
162 $420,681.71 $1,608.52 $0.00 $2,378.60 $424,668.83
163 $424,668.83 $1,608.52 $0.00 $2,401.14 $428,678.49
164 $428,678.49 $1,608.52 $0.00 $2,423.81 $432,710.82
165 $432,710.82 $1,608.52 $0.00 $2,446.61 $436,765.95
166 $436,765.95 $1,608.52 $0.00 $2,469.54 $440,844.01
167 $440,844.01 $1,608.52 $0.00 $2,492.60 $444,945.13
168 $444,945.13 $1,608.52 $0.00 $2,515.78 $449,069.43
169 $449,069.43 $1,608.52 $0.00 $2,539.10 $453,217.05
170 $453,217.05 $1,608.52 $0.00 $2,562.56 $457,388.13
171 $457,388.13 $1,608.52 $0.00 $2,586.14 $461,582.79
172 $461,582.79 $1,608.52 $0.00 $2,609.86 $465,801.17
173 $465,801.17 $1,608.52 $0.00 $2,633.71 $470,043.40
174 $470,043.40 $1,608.52 $0.00 $2,657.69 $474,309.61
175 $474,309.61 $1,608.52 $0.00 $2,681.82 $478,599.95
176 $478,599.95 $1,608.52 $0.00 $2,706.07 $482,914.54
177 $482,914.54 $1,608.52 $0.00 $2,730.47 $487,253.53
178 $487,253.53 $1,608.52 $0.00 $2,755.00 $491,617.05
179 $491,617.05 $1,608.52 $0.00 $2,779.67 $496,005.24
180 $496,005.24 $1,608.52 $0.00 $2,804.49 $500,418.25
181 $500,418.25 $1,608.52 $0.00 $2,829.44 $504,856.21
182 $504,856.21 $1,608.52 $0.00 $2,854.53 $509,319.26
183 $509,319.26 $1,608.52 $0.00 $2,879.77 $513,807.55
184 $513,807.55 $1,608.52 $0.00 $2,905.14 $518,321.21
185 $518,321.21 $1,608.52 $0.00 $2,930.66 $522,860.39
186 $522,860.39 $1,608.52 $0.00 $2,956.33 $527,425.24
187 $527,425.24 $1,608.52 $0.00 $2,982.14 $532,015.90
188 $532,015.90 $1,608.52 $0.00 $3,008.10 $536,632.52
189 $536,632.52 $1,608.52 $0.00 $3,034.20 $541,275.24
190 $541,275.24 $1,608.52 $0.00 $3,060.45 $545,944.21
191 $545,944.21 $1,608.52 $0.00 $3,086.85 $550,639.58
192 $550,639.58 $1,608.52 $0.00 $3,113.40 $555,361.50
193 $555,361.50 $1,608.52 $0.00 $3,140.09 $560,110.11
194 $560,110.11 $1,608.52 $0.00 $3,166.94 $564,885.57
195 $564,885.57 $1,608.52 $0.00 $3,193.95 $569,688.04
196 $569,688.04 $1,608.52 $0.00 $3,221.10 $574,517.66
197 $574,517.66 $1,608.52 $0.00 $3,248.41 $579,374.59
198 $579,374.59 $1,608.52 $0.00 $3,275.87 $584,258.98
199 $584,258.98 $1,608.52 $0.00 $3,303.49 $589,170.99
200 $589,170.99 $1,608.52 $0.00 $3,331.26 $594,110.77
201 $594,110.77 $1,608.52 $0.00 $3,359.19 $599,078.48
202 $599,078.48 $1,608.52 $0.00 $3,387.28 $604,074.28
203 $604,074.28 $1,608.52 $0.00 $3,415.52 $609,098.32
204 $609,098.32 $1,608.52 $0.00 $3,443.93 $614,150.77
205 $614,150.77 $1,608.52 $0.00 $3,472.50 $619,231.79
206 $619,231.79 $1,608.52 $0.00 $3,501.23 $624,341.54
207 $624,341.54 $1,608.52 $0.00 $3,530.12 $629,480.18
208 $629,480.18 $1,608.52 $0.00 $3,559.17 $634,647.87
209 $634,647.87 $1,608.52 $0.00 $3,588.39 $639,844.78
210 $639,844.78 $1,608.52 $0.00 $3,617.78 $645,071.08
211 $645,071.08 $1,608.52 $0.00 $3,647.33 $650,326.93
212 $650,326.93 $1,608.52 $0.00 $3,677.04 $655,612.49
213 $655,612.49 $1,608.52 $0.00 $3,706.93 $660,927.94
214 $660,927.94 $1,608.52 $0.00 $3,736.98 $666,273.44
215 $666,273.44 $1,608.52 $0.00 $3,767.21 $671,649.17
216 $671,649.17 $1,608.52 $0.00 $3,797.60 $677,055.29
217 $677,055.29 $1,608.52 $183,361.33 $3,828.17 $499,130.65
218 $499,130.65 $1,608.52 $0.00 $2,822.16 $503,561.33
219 $503,561.33 $1,608.52 $0.00 $2,847.21 $508,017.06
220 $508,017.06 $1,608.52 $0.00 $2,872.40 $512,497.98
221 $512,497.98 $1,608.52 $0.00 $2,897.74 $517,004.24
222 $517,004.24 $1,608.52 $0.00 $2,923.22 $521,535.98
223 $521,535.98 $1,608.52 $0.00 $2,948.84 $526,093.34
224 $526,093.34 $1,608.52 $0.00 $2,974.61 $530,676.47
225 $530,676.47 $1,608.52 $0.00 $3,000.52 $535,285.51
226 $535,285.51 $1,608.52 $0.00 $3,026.58 $539,920.61
227 $539,920.61 $1,608.52 $0.00 $3,052.79 $544,581.92
228 $544,581.92 $1,608.52 $0.00 $3,079.15 $549,269.59
229 $549,269.59 $1,608.52 $196,196.62 $3,105.65 $357,787.14
230 $357,787.14 $1,608.52 $0.00 $2,022.98 $361,418.64
231 $361,418.64 $1,608.52 $0.00 $2,043.51 $365,070.67
232 $365,070.67 $1,608.52 $0.00 $2,064.16 $368,743.35
233 $368,743.35 $1,608.52 $0.00 $2,084.93 $372,436.80
234 $372,436.80 $1,608.52 $0.00 $2,105.81 $376,151.13
235 $376,151.13 $1,608.52 $0.00 $2,126.81 $379,886.46
236 $379,886.46 $1,608.52 $0.00 $2,147.93 $383,642.91
237 $383,642.91 $1,608.52 $0.00 $2,169.17 $387,420.60
238 $387,420.60 $1,608.52 $0.00 $2,190.53 $391,219.65
239 $391,219.65 $1,608.52 $0.00 $2,212.01 $395,040.18
240 $395,040.18 $1,608.52 $0.00 $2,233.61 $398,882.31
241 $398,882.31 $1,608.52 $209,930.38 $2,255.34 $192,815.79
242 $192,815.79 $1,608.52 $0.00 $1,090.21 $195,514.52
243 $195,514.52 $1,608.52 $0.00 $1,105.47 $198,228.51
244 $198,228.51 $1,608.52 $0.00 $1,120.81 $200,957.84
245 $200,957.84 $1,608.52 $0.00 $1,136.24 $203,702.60
246 $203,702.60 $1,608.52 $0.00 $1,151.76 $206,462.88
247 $206,462.88 $1,608.52 $0.00 $1,167.37 $209,238.77
248 $209,238.77 $1,608.52 $0.00 $1,183.07 $212,030.36
249 $212,030.36 $1,608.52 $0.00 $1,198.85 $214,837.73
250 $214,837.73 $1,608.52 $0.00 $1,214.72 $217,660.97
251 $217,660.97 $1,608.52 $0.00 $1,230.69 $220,500.18
252 $220,500.18 $1,608.52 $0.00 $1,246.74 $223,355.44
253 $223,355.44 $0.00 $224,625.51 $1,262.88 -$7.19