Savings Plan and Future Cost Estimation for Saint Joseph Seminary College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$104,143
Monthly savings required$824

How much will it cost to send your child to Saint Joseph Seminary College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $416,572.84 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $824.38 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$40,160.00
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 $824.38 $0.00 $0.00 $824.38
2 $824.38 $824.38 $0.00 $4.66 $1,653.42
3 $1,653.42 $824.38 $0.00 $9.35 $2,487.15
4 $2,487.15 $824.38 $0.00 $14.06 $3,325.59
5 $3,325.59 $824.38 $0.00 $18.80 $4,168.77
6 $4,168.77 $824.38 $0.00 $23.57 $5,016.72
7 $5,016.72 $824.38 $0.00 $28.37 $5,869.47
8 $5,869.47 $824.38 $0.00 $33.19 $6,727.04
9 $6,727.04 $824.38 $0.00 $38.04 $7,589.46
10 $7,589.46 $824.38 $0.00 $42.91 $8,456.75
11 $8,456.75 $824.38 $0.00 $47.82 $9,328.95
12 $9,328.95 $824.38 $0.00 $52.75 $10,206.08
13 $10,206.08 $824.38 $0.00 $57.71 $11,088.17
14 $11,088.17 $824.38 $0.00 $62.69 $11,975.24
15 $11,975.24 $824.38 $0.00 $67.71 $12,867.33
16 $12,867.33 $824.38 $0.00 $72.75 $13,764.46
17 $13,764.46 $824.38 $0.00 $77.83 $14,666.67
18 $14,666.67 $824.38 $0.00 $82.93 $15,573.98
19 $15,573.98 $824.38 $0.00 $88.06 $16,486.42
20 $16,486.42 $824.38 $0.00 $93.22 $17,404.02
21 $17,404.02 $824.38 $0.00 $98.40 $18,326.80
22 $18,326.80 $824.38 $0.00 $103.62 $19,254.80
23 $19,254.80 $824.38 $0.00 $108.87 $20,188.05
24 $20,188.05 $824.38 $0.00 $114.15 $21,126.58
25 $21,126.58 $824.38 $0.00 $119.45 $22,070.41
26 $22,070.41 $824.38 $0.00 $124.79 $23,019.58
27 $23,019.58 $824.38 $0.00 $130.16 $23,974.12
28 $23,974.12 $824.38 $0.00 $135.55 $24,934.05
29 $24,934.05 $824.38 $0.00 $140.98 $25,899.41
30 $25,899.41 $824.38 $0.00 $146.44 $26,870.23
31 $26,870.23 $824.38 $0.00 $151.93 $27,846.54
32 $27,846.54 $824.38 $0.00 $157.45 $28,828.37
33 $28,828.37 $824.38 $0.00 $163.00 $29,815.75
34 $29,815.75 $824.38 $0.00 $168.58 $30,808.71
35 $30,808.71 $824.38 $0.00 $174.20 $31,807.29
36 $31,807.29 $824.38 $0.00 $179.84 $32,811.51
37 $32,811.51 $824.38 $0.00 $185.52 $33,821.41
38 $33,821.41 $824.38 $0.00 $191.23 $34,837.02
39 $34,837.02 $824.38 $0.00 $196.97 $35,858.37
40 $35,858.37 $824.38 $0.00 $202.75 $36,885.50
41 $36,885.50 $824.38 $0.00 $208.56 $37,918.44
42 $37,918.44 $824.38 $0.00 $214.40 $38,957.22
43 $38,957.22 $824.38 $0.00 $220.27 $40,001.87
44 $40,001.87 $824.38 $0.00 $226.18 $41,052.43
45 $41,052.43 $824.38 $0.00 $232.12 $42,108.93
46 $42,108.93 $824.38 $0.00 $238.09 $43,171.40
47 $43,171.40 $824.38 $0.00 $244.10 $44,239.88
48 $44,239.88 $824.38 $0.00 $250.14 $45,314.40
49 $45,314.40 $824.38 $0.00 $256.21 $46,394.99
50 $46,394.99 $824.38 $0.00 $262.32 $47,481.69
51 $47,481.69 $824.38 $0.00 $268.47 $48,574.54
52 $48,574.54 $824.38 $0.00 $274.65 $49,673.57
53 $49,673.57 $824.38 $0.00 $280.86 $50,778.81
54 $50,778.81 $824.38 $0.00 $287.11 $51,890.30
55 $51,890.30 $824.38 $0.00 $293.40 $53,008.08
56 $53,008.08 $824.38 $0.00 $299.72 $54,132.18
57 $54,132.18 $824.38 $0.00 $306.07 $55,262.63
58 $55,262.63 $824.38 $0.00 $312.46 $56,399.47
59 $56,399.47 $824.38 $0.00 $318.89 $57,542.74
60 $57,542.74 $824.38 $0.00 $325.36 $58,692.48
61 $58,692.48 $824.38 $0.00 $331.86 $59,848.72
62 $59,848.72 $824.38 $0.00 $338.39 $61,011.49
63 $61,011.49 $824.38 $0.00 $344.97 $62,180.84
64 $62,180.84 $824.38 $0.00 $351.58 $63,356.80
65 $63,356.80 $824.38 $0.00 $358.23 $64,539.41
66 $64,539.41 $824.38 $0.00 $364.92 $65,728.71
67 $65,728.71 $824.38 $0.00 $371.64 $66,924.73
68 $66,924.73 $824.38 $0.00 $378.40 $68,127.51
69 $68,127.51 $824.38 $0.00 $385.20 $69,337.09
70 $69,337.09 $824.38 $0.00 $392.04 $70,553.51
71 $70,553.51 $824.38 $0.00 $398.92 $71,776.81
72 $71,776.81 $824.38 $0.00 $405.84 $73,007.03
73 $73,007.03 $824.38 $0.00 $412.79 $74,244.20
74 $74,244.20 $824.38 $0.00 $419.79 $75,488.37
75 $75,488.37 $824.38 $0.00 $426.82 $76,739.57
76 $76,739.57 $824.38 $0.00 $433.90 $77,997.85
77 $77,997.85 $824.38 $0.00 $441.01 $79,263.24
78 $79,263.24 $824.38 $0.00 $448.17 $80,535.79
79 $80,535.79 $824.38 $0.00 $455.36 $81,815.53
80 $81,815.53 $824.38 $0.00 $462.60 $83,102.51
81 $83,102.51 $824.38 $0.00 $469.87 $84,396.76
82 $84,396.76 $824.38 $0.00 $477.19 $85,698.33
83 $85,698.33 $824.38 $0.00 $484.55 $87,007.26
84 $87,007.26 $824.38 $0.00 $491.95 $88,323.59
85 $88,323.59 $824.38 $0.00 $499.39 $89,647.36
86 $89,647.36 $824.38 $0.00 $506.88 $90,978.62
87 $90,978.62 $824.38 $0.00 $514.41 $92,317.41
88 $92,317.41 $824.38 $0.00 $521.98 $93,663.77
89 $93,663.77 $824.38 $0.00 $529.59 $95,017.74
90 $95,017.74 $824.38 $0.00 $537.24 $96,379.36
91 $96,379.36 $824.38 $0.00 $544.94 $97,748.68
92 $97,748.68 $824.38 $0.00 $552.69 $99,125.75
93 $99,125.75 $824.38 $0.00 $560.47 $100,510.60
94 $100,510.60 $824.38 $0.00 $568.30 $101,903.28
95 $101,903.28 $824.38 $0.00 $576.18 $103,303.84
96 $103,303.84 $824.38 $0.00 $584.09 $104,712.31
97 $104,712.31 $824.38 $0.00 $592.06 $106,128.75
98 $106,128.75 $824.38 $0.00 $600.07 $107,553.20
99 $107,553.20 $824.38 $0.00 $608.12 $108,985.70
100 $108,985.70 $824.38 $0.00 $616.22 $110,426.30
101 $110,426.30 $824.38 $0.00 $624.37 $111,875.05
102 $111,875.05 $824.38 $0.00 $632.56 $113,331.99
103 $113,331.99 $824.38 $0.00 $640.80 $114,797.17
104 $114,797.17 $824.38 $0.00 $649.08 $116,270.63
105 $116,270.63 $824.38 $0.00 $657.41 $117,752.42
106 $117,752.42 $824.38 $0.00 $665.79 $119,242.59
107 $119,242.59 $824.38 $0.00 $674.21 $120,741.18
108 $120,741.18 $824.38 $0.00 $682.69 $122,248.25
109 $122,248.25 $824.38 $0.00 $691.21 $123,763.84
110 $123,763.84 $824.38 $0.00 $699.78 $125,288.00
111 $125,288.00 $824.38 $0.00 $708.40 $126,820.78
112 $126,820.78 $824.38 $0.00 $717.06 $128,362.22
113 $128,362.22 $824.38 $0.00 $725.78 $129,912.38
114 $129,912.38 $824.38 $0.00 $734.54 $131,471.30
115 $131,471.30 $824.38 $0.00 $743.36 $133,039.04
116 $133,039.04 $824.38 $0.00 $752.22 $134,615.64
117 $134,615.64 $824.38 $0.00 $761.14 $136,201.16
118 $136,201.16 $824.38 $0.00 $770.10 $137,795.64
119 $137,795.64 $824.38 $0.00 $779.12 $139,399.14
120 $139,399.14 $824.38 $0.00 $788.18 $141,011.70
121 $141,011.70 $824.38 $0.00 $797.30 $142,633.38
122 $142,633.38 $824.38 $0.00 $806.47 $144,264.23
123 $144,264.23 $824.38 $0.00 $815.69 $145,904.30
124 $145,904.30 $824.38 $0.00 $824.96 $147,553.64
125 $147,553.64 $824.38 $0.00 $834.29 $149,212.31
126 $149,212.31 $824.38 $0.00 $843.67 $150,880.36
127 $150,880.36 $824.38 $0.00 $853.10 $152,557.84
128 $152,557.84 $824.38 $0.00 $862.58 $154,244.80
129 $154,244.80 $824.38 $0.00 $872.12 $155,941.30
130 $155,941.30 $824.38 $0.00 $881.71 $157,647.39
131 $157,647.39 $824.38 $0.00 $891.36 $159,363.13
132 $159,363.13 $824.38 $0.00 $901.06 $161,088.57
133 $161,088.57 $824.38 $0.00 $910.82 $162,823.77
134 $162,823.77 $824.38 $0.00 $920.63 $164,568.78
135 $164,568.78 $824.38 $0.00 $930.50 $166,323.66
136 $166,323.66 $824.38 $0.00 $940.42 $168,088.46
137 $168,088.46 $824.38 $0.00 $950.40 $169,863.24
138 $169,863.24 $824.38 $0.00 $960.43 $171,648.05
139 $171,648.05 $824.38 $0.00 $970.52 $173,442.95
140 $173,442.95 $824.38 $0.00 $980.67 $175,248.00
141 $175,248.00 $824.38 $0.00 $990.88 $177,063.26
142 $177,063.26 $824.38 $0.00 $1,001.14 $178,888.78
143 $178,888.78 $824.38 $0.00 $1,011.46 $180,724.62
144 $180,724.62 $824.38 $0.00 $1,021.84 $182,570.84
145 $182,570.84 $824.38 $0.00 $1,032.28 $184,427.50
146 $184,427.50 $824.38 $0.00 $1,042.78 $186,294.66
147 $186,294.66 $824.38 $0.00 $1,053.34 $188,172.38
148 $188,172.38 $824.38 $0.00 $1,063.95 $190,060.71
149 $190,060.71 $824.38 $0.00 $1,074.63 $191,959.72
150 $191,959.72 $824.38 $0.00 $1,085.37 $193,869.47
151 $193,869.47 $824.38 $0.00 $1,096.17 $195,790.02
152 $195,790.02 $824.38 $0.00 $1,107.03 $197,721.43
153 $197,721.43 $824.38 $0.00 $1,117.95 $199,663.76
154 $199,663.76 $824.38 $0.00 $1,128.93 $201,617.07
155 $201,617.07 $824.38 $0.00 $1,139.97 $203,581.42
156 $203,581.42 $824.38 $0.00 $1,151.08 $205,556.88
157 $205,556.88 $824.38 $0.00 $1,162.25 $207,543.51
158 $207,543.51 $824.38 $0.00 $1,173.48 $209,541.37
159 $209,541.37 $824.38 $0.00 $1,184.78 $211,550.53
160 $211,550.53 $824.38 $0.00 $1,196.14 $213,571.05
161 $213,571.05 $824.38 $0.00 $1,207.56 $215,602.99
162 $215,602.99 $824.38 $0.00 $1,219.05 $217,646.42
163 $217,646.42 $824.38 $0.00 $1,230.60 $219,701.40
164 $219,701.40 $824.38 $0.00 $1,242.22 $221,768.00
165 $221,768.00 $824.38 $0.00 $1,253.91 $223,846.29
166 $223,846.29 $824.38 $0.00 $1,265.66 $225,936.33
167 $225,936.33 $824.38 $0.00 $1,277.48 $228,038.19
168 $228,038.19 $824.38 $0.00 $1,289.36 $230,151.93
169 $230,151.93 $824.38 $0.00 $1,301.31 $232,277.62
170 $232,277.62 $824.38 $0.00 $1,313.33 $234,415.33
171 $234,415.33 $824.38 $0.00 $1,325.42 $236,565.13
172 $236,565.13 $824.38 $0.00 $1,337.57 $238,727.08
173 $238,727.08 $824.38 $0.00 $1,349.80 $240,901.26
174 $240,901.26 $824.38 $0.00 $1,362.09 $243,087.73
175 $243,087.73 $824.38 $0.00 $1,374.45 $245,286.56
176 $245,286.56 $824.38 $0.00 $1,386.89 $247,497.83
177 $247,497.83 $824.38 $0.00 $1,399.39 $249,721.60
178 $249,721.60 $824.38 $0.00 $1,411.96 $251,957.94
179 $251,957.94 $824.38 $0.00 $1,424.61 $254,206.93
180 $254,206.93 $824.38 $0.00 $1,437.32 $256,468.63
181 $256,468.63 $824.38 $0.00 $1,450.11 $258,743.12
182 $258,743.12 $824.38 $0.00 $1,462.97 $261,030.47
183 $261,030.47 $824.38 $0.00 $1,475.90 $263,330.75
184 $263,330.75 $824.38 $0.00 $1,488.91 $265,644.04
185 $265,644.04 $824.38 $0.00 $1,501.99 $267,970.41
186 $267,970.41 $824.38 $0.00 $1,515.14 $270,309.93
187 $270,309.93 $824.38 $0.00 $1,528.37 $272,662.68
188 $272,662.68 $824.38 $0.00 $1,541.67 $275,028.73
189 $275,028.73 $824.38 $0.00 $1,555.05 $277,408.16
190 $277,408.16 $824.38 $0.00 $1,568.51 $279,801.05
191 $279,801.05 $824.38 $0.00 $1,582.04 $282,207.47
192 $282,207.47 $824.38 $0.00 $1,595.64 $284,627.49
193 $284,627.49 $824.38 $0.00 $1,609.33 $287,061.20
194 $287,061.20 $824.38 $0.00 $1,623.09 $289,508.67
195 $289,508.67 $824.38 $0.00 $1,636.92 $291,969.97
196 $291,969.97 $824.38 $0.00 $1,650.84 $294,445.19
197 $294,445.19 $824.38 $0.00 $1,664.84 $296,934.41
198 $296,934.41 $824.38 $0.00 $1,678.91 $299,437.70
199 $299,437.70 $824.38 $0.00 $1,693.06 $301,955.14
200 $301,955.14 $824.38 $0.00 $1,707.30 $304,486.82
201 $304,486.82 $824.38 $0.00 $1,721.61 $307,032.81
202 $307,032.81 $824.38 $0.00 $1,736.01 $309,593.20
203 $309,593.20 $824.38 $0.00 $1,750.48 $312,168.06
204 $312,168.06 $824.38 $0.00 $1,765.04 $314,757.48
205 $314,757.48 $824.38 $0.00 $1,779.68 $317,361.54
206 $317,361.54 $824.38 $0.00 $1,794.41 $319,980.33
207 $319,980.33 $824.38 $0.00 $1,809.22 $322,613.93
208 $322,613.93 $824.38 $0.00 $1,824.11 $325,262.42
209 $325,262.42 $824.38 $0.00 $1,839.08 $327,925.88
210 $327,925.88 $824.38 $0.00 $1,854.14 $330,604.40
211 $330,604.40 $824.38 $0.00 $1,869.29 $333,298.07
212 $333,298.07 $824.38 $0.00 $1,884.52 $336,006.97
213 $336,006.97 $824.38 $0.00 $1,899.83 $338,731.18
214 $338,731.18 $824.38 $0.00 $1,915.24 $341,470.80
215 $341,470.80 $824.38 $0.00 $1,930.73 $344,225.91
216 $344,225.91 $824.38 $0.00 $1,946.30 $346,996.59
217 $346,996.59 $824.38 $96,649.83 $1,961.97 $253,133.11
218 $253,133.11 $824.38 $0.00 $1,431.25 $255,388.74
219 $255,388.74 $824.38 $0.00 $1,444.01 $257,657.13
220 $257,657.13 $824.38 $0.00 $1,456.83 $259,938.34
221 $259,938.34 $824.38 $0.00 $1,469.73 $262,232.45
222 $262,232.45 $824.38 $0.00 $1,482.70 $264,539.53
223 $264,539.53 $824.38 $0.00 $1,495.74 $266,859.65
224 $266,859.65 $824.38 $0.00 $1,508.86 $269,192.89
225 $269,192.89 $824.38 $0.00 $1,522.06 $271,539.33
226 $271,539.33 $824.38 $0.00 $1,535.32 $273,899.03
227 $273,899.03 $824.38 $0.00 $1,548.66 $276,272.07
228 $276,272.07 $824.38 $0.00 $1,562.08 $278,658.53
229 $278,658.53 $824.38 $101,482.32 $1,575.58 $179,576.17
230 $179,576.17 $824.38 $0.00 $1,015.35 $181,415.90
231 $181,415.90 $824.38 $0.00 $1,025.75 $183,266.03
232 $183,266.03 $824.38 $0.00 $1,036.21 $185,126.62
233 $185,126.62 $824.38 $0.00 $1,046.73 $186,997.73
234 $186,997.73 $824.38 $0.00 $1,057.31 $188,879.42
235 $188,879.42 $824.38 $0.00 $1,067.95 $190,771.75
236 $190,771.75 $824.38 $0.00 $1,078.65 $192,674.78
237 $192,674.78 $824.38 $0.00 $1,089.41 $194,588.57
238 $194,588.57 $824.38 $0.00 $1,100.23 $196,513.18
239 $196,513.18 $824.38 $0.00 $1,111.11 $198,448.67
240 $198,448.67 $824.38 $0.00 $1,122.06 $200,395.11
241 $200,395.11 $824.38 $106,556.44 $1,133.06 $95,796.11
242 $95,796.11 $824.38 $0.00 $541.65 $97,162.14
243 $97,162.14 $824.38 $0.00 $549.37 $98,535.89
244 $98,535.89 $824.38 $0.00 $557.14 $99,917.41
245 $99,917.41 $824.38 $0.00 $564.95 $101,306.74
246 $101,306.74 $824.38 $0.00 $572.80 $102,703.92
247 $102,703.92 $824.38 $0.00 $580.70 $104,109.00
248 $104,109.00 $824.38 $0.00 $588.65 $105,522.03
249 $105,522.03 $824.38 $0.00 $596.64 $106,943.05
250 $106,943.05 $824.38 $0.00 $604.67 $108,372.10
251 $108,372.10 $824.38 $0.00 $612.75 $109,809.23
252 $109,809.23 $824.38 $0.00 $620.88 $111,254.49
253 $111,254.49 $0.00 $111,884.26 $629.05 ($0.72)