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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$134,665
Monthly savings required$1,066

How much will it cost to send your child to Georgetown College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $538,661.05 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,065.98 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$51,930.00
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 $1,065.98 $0.00 $0.00 $1,065.98
2 $1,065.98 $1,065.98 $0.00 $6.03 $2,137.99
3 $2,137.99 $1,065.98 $0.00 $12.09 $3,216.06
4 $3,216.06 $1,065.98 $0.00 $18.18 $4,300.22
5 $4,300.22 $1,065.98 $0.00 $24.31 $5,390.51
6 $5,390.51 $1,065.98 $0.00 $30.48 $6,486.97
7 $6,486.97 $1,065.98 $0.00 $36.68 $7,589.63
8 $7,589.63 $1,065.98 $0.00 $42.91 $8,698.52
9 $8,698.52 $1,065.98 $0.00 $49.18 $9,813.68
10 $9,813.68 $1,065.98 $0.00 $55.49 $10,935.15
11 $10,935.15 $1,065.98 $0.00 $61.83 $12,062.96
12 $12,062.96 $1,065.98 $0.00 $68.21 $13,197.15
13 $13,197.15 $1,065.98 $0.00 $74.62 $14,337.75
14 $14,337.75 $1,065.98 $0.00 $81.07 $15,484.80
15 $15,484.80 $1,065.98 $0.00 $87.55 $16,638.33
16 $16,638.33 $1,065.98 $0.00 $94.08 $17,798.39
17 $17,798.39 $1,065.98 $0.00 $100.63 $18,965.00
18 $18,965.00 $1,065.98 $0.00 $107.23 $20,138.21
19 $20,138.21 $1,065.98 $0.00 $113.86 $21,318.05
20 $21,318.05 $1,065.98 $0.00 $120.54 $22,504.57
21 $22,504.57 $1,065.98 $0.00 $127.24 $23,697.79
22 $23,697.79 $1,065.98 $0.00 $133.99 $24,897.76
23 $24,897.76 $1,065.98 $0.00 $140.78 $26,104.52
24 $26,104.52 $1,065.98 $0.00 $147.60 $27,318.10
25 $27,318.10 $1,065.98 $0.00 $154.46 $28,538.54
26 $28,538.54 $1,065.98 $0.00 $161.36 $29,765.88
27 $29,765.88 $1,065.98 $0.00 $168.30 $31,000.16
28 $31,000.16 $1,065.98 $0.00 $175.28 $32,241.42
29 $32,241.42 $1,065.98 $0.00 $182.30 $33,489.70
30 $33,489.70 $1,065.98 $0.00 $189.36 $34,745.04
31 $34,745.04 $1,065.98 $0.00 $196.45 $36,007.47
32 $36,007.47 $1,065.98 $0.00 $203.59 $37,277.04
33 $37,277.04 $1,065.98 $0.00 $210.77 $38,553.79
34 $38,553.79 $1,065.98 $0.00 $217.99 $39,837.76
35 $39,837.76 $1,065.98 $0.00 $225.25 $41,128.99
36 $41,128.99 $1,065.98 $0.00 $232.55 $42,427.52
37 $42,427.52 $1,065.98 $0.00 $239.89 $43,733.39
38 $43,733.39 $1,065.98 $0.00 $247.27 $45,046.64
39 $45,046.64 $1,065.98 $0.00 $254.70 $46,367.32
40 $46,367.32 $1,065.98 $0.00 $262.17 $47,695.47
41 $47,695.47 $1,065.98 $0.00 $269.68 $49,031.13
42 $49,031.13 $1,065.98 $0.00 $277.23 $50,374.34
43 $50,374.34 $1,065.98 $0.00 $284.82 $51,725.14
44 $51,725.14 $1,065.98 $0.00 $292.46 $53,083.58
45 $53,083.58 $1,065.98 $0.00 $300.14 $54,449.70
46 $54,449.70 $1,065.98 $0.00 $307.87 $55,823.55
47 $55,823.55 $1,065.98 $0.00 $315.63 $57,205.16
48 $57,205.16 $1,065.98 $0.00 $323.45 $58,594.59
49 $58,594.59 $1,065.98 $0.00 $331.30 $59,991.87
50 $59,991.87 $1,065.98 $0.00 $339.20 $61,397.05
51 $61,397.05 $1,065.98 $0.00 $347.15 $62,810.18
52 $62,810.18 $1,065.98 $0.00 $355.14 $64,231.30
53 $64,231.30 $1,065.98 $0.00 $363.17 $65,660.45
54 $65,660.45 $1,065.98 $0.00 $371.25 $67,097.68
55 $67,097.68 $1,065.98 $0.00 $379.38 $68,543.04
56 $68,543.04 $1,065.98 $0.00 $387.55 $69,996.57
57 $69,996.57 $1,065.98 $0.00 $395.77 $71,458.32
58 $71,458.32 $1,065.98 $0.00 $404.04 $72,928.34
59 $72,928.34 $1,065.98 $0.00 $412.35 $74,406.67
60 $74,406.67 $1,065.98 $0.00 $420.71 $75,893.36
61 $75,893.36 $1,065.98 $0.00 $429.11 $77,388.45
62 $77,388.45 $1,065.98 $0.00 $437.57 $78,892.00
63 $78,892.00 $1,065.98 $0.00 $446.07 $80,404.05
64 $80,404.05 $1,065.98 $0.00 $454.62 $81,924.65
65 $81,924.65 $1,065.98 $0.00 $463.21 $83,453.84
66 $83,453.84 $1,065.98 $0.00 $471.86 $84,991.68
67 $84,991.68 $1,065.98 $0.00 $480.56 $86,538.22
68 $86,538.22 $1,065.98 $0.00 $489.30 $88,093.50
69 $88,093.50 $1,065.98 $0.00 $498.09 $89,657.57
70 $89,657.57 $1,065.98 $0.00 $506.94 $91,230.49
71 $91,230.49 $1,065.98 $0.00 $515.83 $92,812.30
72 $92,812.30 $1,065.98 $0.00 $524.77 $94,403.05
73 $94,403.05 $1,065.98 $0.00 $533.77 $96,002.80
74 $96,002.80 $1,065.98 $0.00 $542.81 $97,611.59
75 $97,611.59 $1,065.98 $0.00 $551.91 $99,229.48
76 $99,229.48 $1,065.98 $0.00 $561.06 $100,856.52
77 $100,856.52 $1,065.98 $0.00 $570.26 $102,492.76
78 $102,492.76 $1,065.98 $0.00 $579.51 $104,138.25
79 $104,138.25 $1,065.98 $0.00 $588.81 $105,793.04
80 $105,793.04 $1,065.98 $0.00 $598.17 $107,457.19
81 $107,457.19 $1,065.98 $0.00 $607.58 $109,130.75
82 $109,130.75 $1,065.98 $0.00 $617.04 $110,813.77
83 $110,813.77 $1,065.98 $0.00 $626.56 $112,506.31
84 $112,506.31 $1,065.98 $0.00 $636.13 $114,208.42
85 $114,208.42 $1,065.98 $0.00 $645.75 $115,920.15
86 $115,920.15 $1,065.98 $0.00 $655.43 $117,641.56
87 $117,641.56 $1,065.98 $0.00 $665.16 $119,372.70
88 $119,372.70 $1,065.98 $0.00 $674.95 $121,113.63
89 $121,113.63 $1,065.98 $0.00 $684.79 $122,864.40
90 $122,864.40 $1,065.98 $0.00 $694.69 $124,625.07
91 $124,625.07 $1,065.98 $0.00 $704.65 $126,395.70
92 $126,395.70 $1,065.98 $0.00 $714.66 $128,176.34
93 $128,176.34 $1,065.98 $0.00 $724.73 $129,967.05
94 $129,967.05 $1,065.98 $0.00 $734.85 $131,767.88
95 $131,767.88 $1,065.98 $0.00 $745.03 $133,578.89
96 $133,578.89 $1,065.98 $0.00 $755.27 $135,400.14
97 $135,400.14 $1,065.98 $0.00 $765.57 $137,231.69
98 $137,231.69 $1,065.98 $0.00 $775.93 $139,073.60
99 $139,073.60 $1,065.98 $0.00 $786.34 $140,925.92
100 $140,925.92 $1,065.98 $0.00 $796.82 $142,788.72
101 $142,788.72 $1,065.98 $0.00 $807.35 $144,662.05
102 $144,662.05 $1,065.98 $0.00 $817.94 $146,545.97
103 $146,545.97 $1,065.98 $0.00 $828.59 $148,440.54
104 $148,440.54 $1,065.98 $0.00 $839.30 $150,345.82
105 $150,345.82 $1,065.98 $0.00 $850.08 $152,261.88
106 $152,261.88 $1,065.98 $0.00 $860.91 $154,188.77
107 $154,188.77 $1,065.98 $0.00 $871.81 $156,126.56
108 $156,126.56 $1,065.98 $0.00 $882.76 $158,075.30
109 $158,075.30 $1,065.98 $0.00 $893.78 $160,035.06
110 $160,035.06 $1,065.98 $0.00 $904.86 $162,005.90
111 $162,005.90 $1,065.98 $0.00 $916.00 $163,987.88
112 $163,987.88 $1,065.98 $0.00 $927.21 $165,981.07
113 $165,981.07 $1,065.98 $0.00 $938.48 $167,985.53
114 $167,985.53 $1,065.98 $0.00 $949.81 $170,001.32
115 $170,001.32 $1,065.98 $0.00 $961.21 $172,028.51
116 $172,028.51 $1,065.98 $0.00 $972.67 $174,067.16
117 $174,067.16 $1,065.98 $0.00 $984.20 $176,117.34
118 $176,117.34 $1,065.98 $0.00 $995.79 $178,179.11
119 $178,179.11 $1,065.98 $0.00 $1,007.45 $180,252.54
120 $180,252.54 $1,065.98 $0.00 $1,019.17 $182,337.69
121 $182,337.69 $1,065.98 $0.00 $1,030.96 $184,434.63
122 $184,434.63 $1,065.98 $0.00 $1,042.82 $186,543.43
123 $186,543.43 $1,065.98 $0.00 $1,054.74 $188,664.15
124 $188,664.15 $1,065.98 $0.00 $1,066.73 $190,796.86
125 $190,796.86 $1,065.98 $0.00 $1,078.79 $192,941.63
126 $192,941.63 $1,065.98 $0.00 $1,090.92 $195,098.53
127 $195,098.53 $1,065.98 $0.00 $1,103.12 $197,267.63
128 $197,267.63 $1,065.98 $0.00 $1,115.38 $199,448.99
129 $199,448.99 $1,065.98 $0.00 $1,127.71 $201,642.68
130 $201,642.68 $1,065.98 $0.00 $1,140.12 $203,848.78
131 $203,848.78 $1,065.98 $0.00 $1,152.59 $206,067.35
132 $206,067.35 $1,065.98 $0.00 $1,165.13 $208,298.46
133 $208,298.46 $1,065.98 $0.00 $1,177.75 $210,542.19
134 $210,542.19 $1,065.98 $0.00 $1,190.44 $212,798.61
135 $212,798.61 $1,065.98 $0.00 $1,203.19 $215,067.78
136 $215,067.78 $1,065.98 $0.00 $1,216.02 $217,349.78
137 $217,349.78 $1,065.98 $0.00 $1,228.93 $219,644.69
138 $219,644.69 $1,065.98 $0.00 $1,241.90 $221,952.57
139 $221,952.57 $1,065.98 $0.00 $1,254.95 $224,273.50
140 $224,273.50 $1,065.98 $0.00 $1,268.07 $226,607.55
141 $226,607.55 $1,065.98 $0.00 $1,281.27 $228,954.80
142 $228,954.80 $1,065.98 $0.00 $1,294.54 $231,315.32
143 $231,315.32 $1,065.98 $0.00 $1,307.89 $233,689.19
144 $233,689.19 $1,065.98 $0.00 $1,321.31 $236,076.48
145 $236,076.48 $1,065.98 $0.00 $1,334.81 $238,477.27
146 $238,477.27 $1,065.98 $0.00 $1,348.39 $240,891.64
147 $240,891.64 $1,065.98 $0.00 $1,362.04 $243,319.66
148 $243,319.66 $1,065.98 $0.00 $1,375.76 $245,761.40
149 $245,761.40 $1,065.98 $0.00 $1,389.57 $248,216.95
150 $248,216.95 $1,065.98 $0.00 $1,403.45 $250,686.38
151 $250,686.38 $1,065.98 $0.00 $1,417.42 $253,169.78
152 $253,169.78 $1,065.98 $0.00 $1,431.46 $255,667.22
153 $255,667.22 $1,065.98 $0.00 $1,445.58 $258,178.78
154 $258,178.78 $1,065.98 $0.00 $1,459.78 $260,704.54
155 $260,704.54 $1,065.98 $0.00 $1,474.06 $263,244.58
156 $263,244.58 $1,065.98 $0.00 $1,488.42 $265,798.98
157 $265,798.98 $1,065.98 $0.00 $1,502.87 $268,367.83
158 $268,367.83 $1,065.98 $0.00 $1,517.39 $270,951.20
159 $270,951.20 $1,065.98 $0.00 $1,532.00 $273,549.18
160 $273,549.18 $1,065.98 $0.00 $1,546.69 $276,161.85
161 $276,161.85 $1,065.98 $0.00 $1,561.46 $278,789.29
162 $278,789.29 $1,065.98 $0.00 $1,576.32 $281,431.59
163 $281,431.59 $1,065.98 $0.00 $1,591.26 $284,088.83
164 $284,088.83 $1,065.98 $0.00 $1,606.28 $286,761.09
165 $286,761.09 $1,065.98 $0.00 $1,621.39 $289,448.46
166 $289,448.46 $1,065.98 $0.00 $1,636.58 $292,151.02
167 $292,151.02 $1,065.98 $0.00 $1,651.86 $294,868.86
168 $294,868.86 $1,065.98 $0.00 $1,667.23 $297,602.07
169 $297,602.07 $1,065.98 $0.00 $1,682.69 $300,350.74
170 $300,350.74 $1,065.98 $0.00 $1,698.23 $303,114.95
171 $303,114.95 $1,065.98 $0.00 $1,713.86 $305,894.79
172 $305,894.79 $1,065.98 $0.00 $1,729.57 $308,690.34
173 $308,690.34 $1,065.98 $0.00 $1,745.38 $311,501.70
174 $311,501.70 $1,065.98 $0.00 $1,761.28 $314,328.96
175 $314,328.96 $1,065.98 $0.00 $1,777.26 $317,172.20
176 $317,172.20 $1,065.98 $0.00 $1,793.34 $320,031.52
177 $320,031.52 $1,065.98 $0.00 $1,809.50 $322,907.00
178 $322,907.00 $1,065.98 $0.00 $1,825.76 $325,798.74
179 $325,798.74 $1,065.98 $0.00 $1,842.11 $328,706.83
180 $328,706.83 $1,065.98 $0.00 $1,858.56 $331,631.37
181 $331,631.37 $1,065.98 $0.00 $1,875.09 $334,572.44
182 $334,572.44 $1,065.98 $0.00 $1,891.72 $337,530.14
183 $337,530.14 $1,065.98 $0.00 $1,908.44 $340,504.56
184 $340,504.56 $1,065.98 $0.00 $1,925.26 $343,495.80
185 $343,495.80 $1,065.98 $0.00 $1,942.18 $346,503.96
186 $346,503.96 $1,065.98 $0.00 $1,959.18 $349,529.12
187 $349,529.12 $1,065.98 $0.00 $1,976.29 $352,571.39
188 $352,571.39 $1,065.98 $0.00 $1,993.49 $355,630.86
189 $355,630.86 $1,065.98 $0.00 $2,010.79 $358,707.63
190 $358,707.63 $1,065.98 $0.00 $2,028.19 $361,801.80
191 $361,801.80 $1,065.98 $0.00 $2,045.68 $364,913.46
192 $364,913.46 $1,065.98 $0.00 $2,063.27 $368,042.71
193 $368,042.71 $1,065.98 $0.00 $2,080.97 $371,189.66
194 $371,189.66 $1,065.98 $0.00 $2,098.76 $374,354.40
195 $374,354.40 $1,065.98 $0.00 $2,116.65 $377,537.03
196 $377,537.03 $1,065.98 $0.00 $2,134.65 $380,737.66
197 $380,737.66 $1,065.98 $0.00 $2,152.75 $383,956.39
198 $383,956.39 $1,065.98 $0.00 $2,170.95 $387,193.32
199 $387,193.32 $1,065.98 $0.00 $2,189.25 $390,448.55
200 $390,448.55 $1,065.98 $0.00 $2,207.65 $393,722.18
201 $393,722.18 $1,065.98 $0.00 $2,226.16 $397,014.32
202 $397,014.32 $1,065.98 $0.00 $2,244.78 $400,325.08
203 $400,325.08 $1,065.98 $0.00 $2,263.50 $403,654.56
204 $403,654.56 $1,065.98 $0.00 $2,282.32 $407,002.86
205 $407,002.86 $1,065.98 $0.00 $2,301.25 $410,370.09
206 $410,370.09 $1,065.98 $0.00 $2,320.29 $413,756.36
207 $413,756.36 $1,065.98 $0.00 $2,339.44 $417,161.78
208 $417,161.78 $1,065.98 $0.00 $2,358.69 $420,586.45
209 $420,586.45 $1,065.98 $0.00 $2,378.06 $424,030.49
210 $424,030.49 $1,065.98 $0.00 $2,397.53 $427,494.00
211 $427,494.00 $1,065.98 $0.00 $2,417.11 $430,977.09
212 $430,977.09 $1,065.98 $0.00 $2,436.81 $434,479.88
213 $434,479.88 $1,065.98 $0.00 $2,456.61 $438,002.47
214 $438,002.47 $1,065.98 $0.00 $2,476.53 $441,544.98
215 $441,544.98 $1,065.98 $0.00 $2,496.56 $445,107.52
216 $445,107.52 $1,065.98 $0.00 $2,516.70 $448,690.20
217 $448,690.20 $1,065.98 $124,975.74 $2,536.96 $327,317.40
218 $327,317.40 $1,065.98 $0.00 $1,850.70 $330,234.08
219 $330,234.08 $1,065.98 $0.00 $1,867.19 $333,167.25
220 $333,167.25 $1,065.98 $0.00 $1,883.78 $336,117.01
221 $336,117.01 $1,065.98 $0.00 $1,900.45 $339,083.44
222 $339,083.44 $1,065.98 $0.00 $1,917.23 $342,066.65
223 $342,066.65 $1,065.98 $0.00 $1,934.09 $345,066.72
224 $345,066.72 $1,065.98 $0.00 $1,951.06 $348,083.76
225 $348,083.76 $1,065.98 $0.00 $1,968.12 $351,117.86
226 $351,117.86 $1,065.98 $0.00 $1,985.27 $354,169.11
227 $354,169.11 $1,065.98 $0.00 $2,002.52 $357,237.61
228 $357,237.61 $1,065.98 $0.00 $2,019.87 $360,323.46
229 $360,323.46 $1,065.98 $131,224.52 $2,037.32 $232,202.24
230 $232,202.24 $1,065.98 $0.00 $1,312.91 $234,581.13
231 $234,581.13 $1,065.98 $0.00 $1,326.36 $236,973.47
232 $236,973.47 $1,065.98 $0.00 $1,339.88 $239,379.33
233 $239,379.33 $1,065.98 $0.00 $1,353.49 $241,798.80
234 $241,798.80 $1,065.98 $0.00 $1,367.17 $244,231.95
235 $244,231.95 $1,065.98 $0.00 $1,380.92 $246,678.85
236 $246,678.85 $1,065.98 $0.00 $1,394.76 $249,139.59
237 $249,139.59 $1,065.98 $0.00 $1,408.67 $251,614.24
238 $251,614.24 $1,065.98 $0.00 $1,422.66 $254,102.88
239 $254,102.88 $1,065.98 $0.00 $1,436.73 $256,605.59
240 $256,605.59 $1,065.98 $0.00 $1,450.89 $259,122.46
241 $259,122.46 $1,065.98 $137,785.75 $1,465.12 $123,867.81
242 $123,867.81 $1,065.98 $0.00 $700.37 $125,634.16
243 $125,634.16 $1,065.98 $0.00 $710.35 $127,410.49
244 $127,410.49 $1,065.98 $0.00 $720.40 $129,196.87
245 $129,196.87 $1,065.98 $0.00 $730.50 $130,993.35
246 $130,993.35 $1,065.98 $0.00 $740.66 $132,799.99
247 $132,799.99 $1,065.98 $0.00 $750.87 $134,616.84
248 $134,616.84 $1,065.98 $0.00 $761.14 $136,443.96
249 $136,443.96 $1,065.98 $0.00 $771.47 $138,281.41
250 $138,281.41 $1,065.98 $0.00 $781.86 $140,129.25
251 $140,129.25 $1,065.98 $0.00 $792.31 $141,987.54
252 $141,987.54 $1,065.98 $0.00 $802.82 $143,856.34
253 $143,856.34 $0.00 $144,675.04 $813.38 ($5.32)