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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$96,742
Monthly savings required$766

How much will it cost to send your child to Sterling College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $386,968.79 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $765.80 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$37,306.00
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 $765.80 $0.00 $0.00 $765.80
2 $765.80 $765.80 $0.00 $4.33 $1,535.93
3 $1,535.93 $765.80 $0.00 $8.68 $2,310.41
4 $2,310.41 $765.80 $0.00 $13.06 $3,089.27
5 $3,089.27 $765.80 $0.00 $17.47 $3,872.54
6 $3,872.54 $765.80 $0.00 $21.90 $4,660.24
7 $4,660.24 $765.80 $0.00 $26.35 $5,452.39
8 $5,452.39 $765.80 $0.00 $30.83 $6,249.02
9 $6,249.02 $765.80 $0.00 $35.33 $7,050.15
10 $7,050.15 $765.80 $0.00 $39.86 $7,855.81
11 $7,855.81 $765.80 $0.00 $44.42 $8,666.03
12 $8,666.03 $765.80 $0.00 $49.00 $9,480.83
13 $9,480.83 $765.80 $0.00 $53.61 $10,300.24
14 $10,300.24 $765.80 $0.00 $58.24 $11,124.28
15 $11,124.28 $765.80 $0.00 $62.90 $11,952.98
16 $11,952.98 $765.80 $0.00 $67.58 $12,786.36
17 $12,786.36 $765.80 $0.00 $72.30 $13,624.46
18 $13,624.46 $765.80 $0.00 $77.03 $14,467.29
19 $14,467.29 $765.80 $0.00 $81.80 $15,314.89
20 $15,314.89 $765.80 $0.00 $86.59 $16,167.28
21 $16,167.28 $765.80 $0.00 $91.41 $17,024.49
22 $17,024.49 $765.80 $0.00 $96.26 $17,886.55
23 $17,886.55 $765.80 $0.00 $101.13 $18,753.48
24 $18,753.48 $765.80 $0.00 $106.03 $19,625.31
25 $19,625.31 $765.80 $0.00 $110.96 $20,502.07
26 $20,502.07 $765.80 $0.00 $115.92 $21,383.79
27 $21,383.79 $765.80 $0.00 $120.91 $22,270.50
28 $22,270.50 $765.80 $0.00 $125.92 $23,162.22
29 $23,162.22 $765.80 $0.00 $130.96 $24,058.98
30 $24,058.98 $765.80 $0.00 $136.03 $24,960.81
31 $24,960.81 $765.80 $0.00 $141.13 $25,867.74
32 $25,867.74 $765.80 $0.00 $146.26 $26,779.80
33 $26,779.80 $765.80 $0.00 $151.42 $27,697.02
34 $27,697.02 $765.80 $0.00 $156.60 $28,619.42
35 $28,619.42 $765.80 $0.00 $161.82 $29,547.04
36 $29,547.04 $765.80 $0.00 $167.06 $30,479.90
37 $30,479.90 $765.80 $0.00 $172.34 $31,418.04
38 $31,418.04 $765.80 $0.00 $177.64 $32,361.48
39 $32,361.48 $765.80 $0.00 $182.98 $33,310.26
40 $33,310.26 $765.80 $0.00 $188.34 $34,264.40
41 $34,264.40 $765.80 $0.00 $193.74 $35,223.94
42 $35,223.94 $765.80 $0.00 $199.16 $36,188.90
43 $36,188.90 $765.80 $0.00 $204.62 $37,159.32
44 $37,159.32 $765.80 $0.00 $210.10 $38,135.22
45 $38,135.22 $765.80 $0.00 $215.62 $39,116.64
46 $39,116.64 $765.80 $0.00 $221.17 $40,103.61
47 $40,103.61 $765.80 $0.00 $226.75 $41,096.16
48 $41,096.16 $765.80 $0.00 $232.36 $42,094.32
49 $42,094.32 $765.80 $0.00 $238.01 $43,098.13
50 $43,098.13 $765.80 $0.00 $243.68 $44,107.61
51 $44,107.61 $765.80 $0.00 $249.39 $45,122.80
52 $45,122.80 $765.80 $0.00 $255.13 $46,143.73
53 $46,143.73 $765.80 $0.00 $260.90 $47,170.43
54 $47,170.43 $765.80 $0.00 $266.71 $48,202.94
55 $48,202.94 $765.80 $0.00 $272.55 $49,241.29
56 $49,241.29 $765.80 $0.00 $278.42 $50,285.51
57 $50,285.51 $765.80 $0.00 $284.32 $51,335.63
58 $51,335.63 $765.80 $0.00 $290.26 $52,391.69
59 $52,391.69 $765.80 $0.00 $296.23 $53,453.72
60 $53,453.72 $765.80 $0.00 $302.24 $54,521.76
61 $54,521.76 $765.80 $0.00 $308.27 $55,595.83
62 $55,595.83 $765.80 $0.00 $314.35 $56,675.98
63 $56,675.98 $765.80 $0.00 $320.45 $57,762.23
64 $57,762.23 $765.80 $0.00 $326.60 $58,854.63
65 $58,854.63 $765.80 $0.00 $332.77 $59,953.20
66 $59,953.20 $765.80 $0.00 $338.98 $61,057.98
67 $61,057.98 $765.80 $0.00 $345.23 $62,169.01
68 $62,169.01 $765.80 $0.00 $351.51 $63,286.32
69 $63,286.32 $765.80 $0.00 $357.83 $64,409.95
70 $64,409.95 $765.80 $0.00 $364.18 $65,539.93
71 $65,539.93 $765.80 $0.00 $370.57 $66,676.30
72 $66,676.30 $765.80 $0.00 $377.00 $67,819.10
73 $67,819.10 $765.80 $0.00 $383.46 $68,968.36
74 $68,968.36 $765.80 $0.00 $389.96 $70,124.12
75 $70,124.12 $765.80 $0.00 $396.49 $71,286.41
76 $71,286.41 $765.80 $0.00 $403.06 $72,455.27
77 $72,455.27 $765.80 $0.00 $409.67 $73,630.74
78 $73,630.74 $765.80 $0.00 $416.32 $74,812.86
79 $74,812.86 $765.80 $0.00 $423.00 $76,001.66
80 $76,001.66 $765.80 $0.00 $429.72 $77,197.18
81 $77,197.18 $765.80 $0.00 $436.48 $78,399.46
82 $78,399.46 $765.80 $0.00 $443.28 $79,608.54
83 $79,608.54 $765.80 $0.00 $450.12 $80,824.46
84 $80,824.46 $765.80 $0.00 $456.99 $82,047.25
85 $82,047.25 $765.80 $0.00 $463.91 $83,276.96
86 $83,276.96 $765.80 $0.00 $470.86 $84,513.62
87 $84,513.62 $765.80 $0.00 $477.85 $85,757.27
88 $85,757.27 $765.80 $0.00 $484.88 $87,007.95
89 $87,007.95 $765.80 $0.00 $491.96 $88,265.71
90 $88,265.71 $765.80 $0.00 $499.07 $89,530.58
91 $89,530.58 $765.80 $0.00 $506.22 $90,802.60
92 $90,802.60 $765.80 $0.00 $513.41 $92,081.81
93 $92,081.81 $765.80 $0.00 $520.64 $93,368.25
94 $93,368.25 $765.80 $0.00 $527.92 $94,661.97
95 $94,661.97 $765.80 $0.00 $535.23 $95,963.00
96 $95,963.00 $765.80 $0.00 $542.59 $97,271.39
97 $97,271.39 $765.80 $0.00 $549.99 $98,587.18
98 $98,587.18 $765.80 $0.00 $557.43 $99,910.41
99 $99,910.41 $765.80 $0.00 $564.91 $101,241.12
100 $101,241.12 $765.80 $0.00 $572.43 $102,579.35
101 $102,579.35 $765.80 $0.00 $580.00 $103,925.15
102 $103,925.15 $765.80 $0.00 $587.61 $105,278.56
103 $105,278.56 $765.80 $0.00 $595.26 $106,639.62
104 $106,639.62 $765.80 $0.00 $602.96 $108,008.38
105 $108,008.38 $765.80 $0.00 $610.70 $109,384.88
106 $109,384.88 $765.80 $0.00 $618.48 $110,769.16
107 $110,769.16 $765.80 $0.00 $626.30 $112,161.26
108 $112,161.26 $765.80 $0.00 $634.18 $113,561.24
109 $113,561.24 $765.80 $0.00 $642.09 $114,969.13
110 $114,969.13 $765.80 $0.00 $650.05 $116,384.98
111 $116,384.98 $765.80 $0.00 $658.06 $117,808.84
112 $117,808.84 $765.80 $0.00 $666.11 $119,240.75
113 $119,240.75 $765.80 $0.00 $674.20 $120,680.75
114 $120,680.75 $765.80 $0.00 $682.35 $122,128.90
115 $122,128.90 $765.80 $0.00 $690.53 $123,585.23
116 $123,585.23 $765.80 $0.00 $698.77 $125,049.80
117 $125,049.80 $765.80 $0.00 $707.05 $126,522.65
118 $126,522.65 $765.80 $0.00 $715.38 $128,003.83
119 $128,003.83 $765.80 $0.00 $723.75 $129,493.38
120 $129,493.38 $765.80 $0.00 $732.17 $130,991.35
121 $130,991.35 $765.80 $0.00 $740.64 $132,497.79
122 $132,497.79 $765.80 $0.00 $749.16 $134,012.75
123 $134,012.75 $765.80 $0.00 $757.73 $135,536.28
124 $135,536.28 $765.80 $0.00 $766.34 $137,068.42
125 $137,068.42 $765.80 $0.00 $775.00 $138,609.22
126 $138,609.22 $765.80 $0.00 $783.72 $140,158.74
127 $140,158.74 $765.80 $0.00 $792.48 $141,717.02
128 $141,717.02 $765.80 $0.00 $801.29 $143,284.11
129 $143,284.11 $765.80 $0.00 $810.15 $144,860.06
130 $144,860.06 $765.80 $0.00 $819.06 $146,444.92
131 $146,444.92 $765.80 $0.00 $828.02 $148,038.74
132 $148,038.74 $765.80 $0.00 $837.03 $149,641.57
133 $149,641.57 $765.80 $0.00 $846.10 $151,253.47
134 $151,253.47 $765.80 $0.00 $855.21 $152,874.48
135 $152,874.48 $765.80 $0.00 $864.37 $154,504.65
136 $154,504.65 $765.80 $0.00 $873.59 $156,144.04
137 $156,144.04 $765.80 $0.00 $882.86 $157,792.70
138 $157,792.70 $765.80 $0.00 $892.18 $159,450.68
139 $159,450.68 $765.80 $0.00 $901.56 $161,118.04
140 $161,118.04 $765.80 $0.00 $910.98 $162,794.82
141 $162,794.82 $765.80 $0.00 $920.47 $164,481.09
142 $164,481.09 $765.80 $0.00 $930.00 $166,176.89
143 $166,176.89 $765.80 $0.00 $939.59 $167,882.28
144 $167,882.28 $765.80 $0.00 $949.23 $169,597.31
145 $169,597.31 $765.80 $0.00 $958.93 $171,322.04
146 $171,322.04 $765.80 $0.00 $968.68 $173,056.52
147 $173,056.52 $765.80 $0.00 $978.49 $174,800.81
148 $174,800.81 $765.80 $0.00 $988.35 $176,554.96
149 $176,554.96 $765.80 $0.00 $998.27 $178,319.03
150 $178,319.03 $765.80 $0.00 $1,008.24 $180,093.07
151 $180,093.07 $765.80 $0.00 $1,018.27 $181,877.14
152 $181,877.14 $765.80 $0.00 $1,028.36 $183,671.30
153 $183,671.30 $765.80 $0.00 $1,038.50 $185,475.60
154 $185,475.60 $765.80 $0.00 $1,048.71 $187,290.11
155 $187,290.11 $765.80 $0.00 $1,058.97 $189,114.88
156 $189,114.88 $765.80 $0.00 $1,069.28 $190,949.96
157 $190,949.96 $765.80 $0.00 $1,079.66 $192,795.42
158 $192,795.42 $765.80 $0.00 $1,090.09 $194,651.31
159 $194,651.31 $765.80 $0.00 $1,100.59 $196,517.70
160 $196,517.70 $765.80 $0.00 $1,111.14 $198,394.64
161 $198,394.64 $765.80 $0.00 $1,121.75 $200,282.19
162 $200,282.19 $765.80 $0.00 $1,132.42 $202,180.41
163 $202,180.41 $765.80 $0.00 $1,143.16 $204,089.37
164 $204,089.37 $765.80 $0.00 $1,153.95 $206,009.12
165 $206,009.12 $765.80 $0.00 $1,164.81 $207,939.73
166 $207,939.73 $765.80 $0.00 $1,175.72 $209,881.25
167 $209,881.25 $765.80 $0.00 $1,186.70 $211,833.75
168 $211,833.75 $765.80 $0.00 $1,197.74 $213,797.29
169 $213,797.29 $765.80 $0.00 $1,208.84 $215,771.93
170 $215,771.93 $765.80 $0.00 $1,220.01 $217,757.74
171 $217,757.74 $765.80 $0.00 $1,231.23 $219,754.77
172 $219,754.77 $765.80 $0.00 $1,242.53 $221,763.10
173 $221,763.10 $765.80 $0.00 $1,253.88 $223,782.78
174 $223,782.78 $765.80 $0.00 $1,265.30 $225,813.88
175 $225,813.88 $765.80 $0.00 $1,276.78 $227,856.46
176 $227,856.46 $765.80 $0.00 $1,288.33 $229,910.59
177 $229,910.59 $765.80 $0.00 $1,299.95 $231,976.34
178 $231,976.34 $765.80 $0.00 $1,311.63 $234,053.77
179 $234,053.77 $765.80 $0.00 $1,323.37 $236,142.94
180 $236,142.94 $765.80 $0.00 $1,335.19 $238,243.93
181 $238,243.93 $765.80 $0.00 $1,347.07 $240,356.80
182 $240,356.80 $765.80 $0.00 $1,359.01 $242,481.61
183 $242,481.61 $765.80 $0.00 $1,371.03 $244,618.44
184 $244,618.44 $765.80 $0.00 $1,383.11 $246,767.35
185 $246,767.35 $765.80 $0.00 $1,395.26 $248,928.41
186 $248,928.41 $765.80 $0.00 $1,407.48 $251,101.69
187 $251,101.69 $765.80 $0.00 $1,419.77 $253,287.26
188 $253,287.26 $765.80 $0.00 $1,432.12 $255,485.18
189 $255,485.18 $765.80 $0.00 $1,444.55 $257,695.53
190 $257,695.53 $765.80 $0.00 $1,457.05 $259,918.38
191 $259,918.38 $765.80 $0.00 $1,469.62 $262,153.80
192 $262,153.80 $765.80 $0.00 $1,482.26 $264,401.86
193 $264,401.86 $765.80 $0.00 $1,494.97 $266,662.63
194 $266,662.63 $765.80 $0.00 $1,507.75 $268,936.18
195 $268,936.18 $765.80 $0.00 $1,520.60 $271,222.58
196 $271,222.58 $765.80 $0.00 $1,533.53 $273,521.91
197 $273,521.91 $765.80 $0.00 $1,546.53 $275,834.24
198 $275,834.24 $765.80 $0.00 $1,559.61 $278,159.65
199 $278,159.65 $765.80 $0.00 $1,572.76 $280,498.21
200 $280,498.21 $765.80 $0.00 $1,585.98 $282,849.99
201 $282,849.99 $765.80 $0.00 $1,599.27 $285,215.06
202 $285,215.06 $765.80 $0.00 $1,612.65 $287,593.51
203 $287,593.51 $765.80 $0.00 $1,626.10 $289,985.41
204 $289,985.41 $765.80 $0.00 $1,639.62 $292,390.83
205 $292,390.83 $765.80 $0.00 $1,653.22 $294,809.85
206 $294,809.85 $765.80 $0.00 $1,666.90 $297,242.55
207 $297,242.55 $765.80 $0.00 $1,680.65 $299,689.00
208 $299,689.00 $765.80 $0.00 $1,694.49 $302,149.29
209 $302,149.29 $765.80 $0.00 $1,708.40 $304,623.49
210 $304,623.49 $765.80 $0.00 $1,722.39 $307,111.68
211 $307,111.68 $765.80 $0.00 $1,736.45 $309,613.93
212 $309,613.93 $765.80 $0.00 $1,750.60 $312,130.33
213 $312,130.33 $765.80 $0.00 $1,764.83 $314,660.96
214 $314,660.96 $765.80 $0.00 $1,779.14 $317,205.90
215 $317,205.90 $765.80 $0.00 $1,793.53 $319,765.23
216 $319,765.23 $765.80 $0.00 $1,808.00 $322,339.03
217 $322,339.03 $765.80 $89,781.34 $1,822.55 $235,146.04
218 $235,146.04 $765.80 $0.00 $1,329.55 $237,241.39
219 $237,241.39 $765.80 $0.00 $1,341.40 $239,348.59
220 $239,348.59 $765.80 $0.00 $1,353.31 $241,467.70
221 $241,467.70 $765.80 $0.00 $1,365.29 $243,598.79
222 $243,598.79 $765.80 $0.00 $1,377.34 $245,741.93
223 $245,741.93 $765.80 $0.00 $1,389.46 $247,897.19
224 $247,897.19 $765.80 $0.00 $1,401.65 $250,064.64
225 $250,064.64 $765.80 $0.00 $1,413.90 $252,244.34
226 $252,244.34 $765.80 $0.00 $1,426.23 $254,436.37
227 $254,436.37 $765.80 $0.00 $1,438.62 $256,640.79
228 $256,640.79 $765.80 $0.00 $1,451.08 $258,857.67
229 $258,857.67 $765.80 $94,270.40 $1,463.62 $166,816.69
230 $166,816.69 $765.80 $0.00 $943.21 $168,525.70
231 $168,525.70 $765.80 $0.00 $952.87 $170,244.37
232 $170,244.37 $765.80 $0.00 $962.59 $171,972.76
233 $171,972.76 $765.80 $0.00 $972.36 $173,710.92
234 $173,710.92 $765.80 $0.00 $982.19 $175,458.91
235 $175,458.91 $765.80 $0.00 $992.07 $177,216.78
236 $177,216.78 $765.80 $0.00 $1,002.01 $178,984.59
237 $178,984.59 $765.80 $0.00 $1,012.00 $180,762.39
238 $180,762.39 $765.80 $0.00 $1,022.06 $182,550.25
239 $182,550.25 $765.80 $0.00 $1,032.17 $184,348.22
240 $184,348.22 $765.80 $0.00 $1,042.33 $186,156.35
241 $186,156.35 $765.80 $98,983.92 $1,052.56 $88,990.79
242 $88,990.79 $765.80 $0.00 $503.17 $90,259.76
243 $90,259.76 $765.80 $0.00 $510.34 $91,535.90
244 $91,535.90 $765.80 $0.00 $517.56 $92,819.26
245 $92,819.26 $765.80 $0.00 $524.81 $94,109.87
246 $94,109.87 $765.80 $0.00 $532.11 $95,407.78
247 $95,407.78 $765.80 $0.00 $539.45 $96,713.03
248 $96,713.03 $765.80 $0.00 $546.83 $98,025.66
249 $98,025.66 $765.80 $0.00 $554.25 $99,345.71
250 $99,345.71 $765.80 $0.00 $561.72 $100,673.23
251 $100,673.23 $765.80 $0.00 $569.22 $102,008.25
252 $102,008.25 $765.80 $0.00 $576.77 $103,350.82
253 $103,350.82 $0.00 $103,933.12 $584.36 $2.06