Savings Plan and Future Cost Estimation for Sojourner Douglass College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$71,019
Monthly savings required$561

How much will it cost to send your child to Sojourner Douglass College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $284,076.96 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $561.28 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$18,930.00
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 $561.28 $0.00 $0.00 $561.28
2 $561.28 $561.28 $0.00 $3.17 $1,125.73
3 $1,125.73 $561.28 $0.00 $6.37 $1,693.38
4 $1,693.38 $561.28 $0.00 $9.57 $2,264.23
5 $2,264.23 $561.28 $0.00 $12.80 $2,838.31
6 $2,838.31 $561.28 $0.00 $16.05 $3,415.64
7 $3,415.64 $561.28 $0.00 $19.31 $3,996.23
8 $3,996.23 $561.28 $0.00 $22.60 $4,580.11
9 $4,580.11 $561.28 $0.00 $25.90 $5,167.29
10 $5,167.29 $561.28 $0.00 $29.22 $5,757.79
11 $5,757.79 $561.28 $0.00 $32.56 $6,351.63
12 $6,351.63 $561.28 $0.00 $35.91 $6,948.82
13 $6,948.82 $561.28 $0.00 $39.29 $7,549.39
14 $7,549.39 $561.28 $0.00 $42.69 $8,153.36
15 $8,153.36 $561.28 $0.00 $46.10 $8,760.74
16 $8,760.74 $561.28 $0.00 $49.53 $9,371.55
17 $9,371.55 $561.28 $0.00 $52.99 $9,985.82
18 $9,985.82 $561.28 $0.00 $56.46 $10,603.56
19 $10,603.56 $561.28 $0.00 $59.95 $11,224.79
20 $11,224.79 $561.28 $0.00 $63.47 $11,849.54
21 $11,849.54 $561.28 $0.00 $67.00 $12,477.82
22 $12,477.82 $561.28 $0.00 $70.55 $13,109.65
23 $13,109.65 $561.28 $0.00 $74.12 $13,745.05
24 $13,745.05 $561.28 $0.00 $77.72 $14,384.05
25 $14,384.05 $561.28 $0.00 $81.33 $15,026.66
26 $15,026.66 $561.28 $0.00 $84.96 $15,672.90
27 $15,672.90 $561.28 $0.00 $88.62 $16,322.80
28 $16,322.80 $561.28 $0.00 $92.29 $16,976.37
29 $16,976.37 $561.28 $0.00 $95.99 $17,633.64
30 $17,633.64 $561.28 $0.00 $99.70 $18,294.62
31 $18,294.62 $561.28 $0.00 $103.44 $18,959.34
32 $18,959.34 $561.28 $0.00 $107.20 $19,627.82
33 $19,627.82 $561.28 $0.00 $110.98 $20,300.08
34 $20,300.08 $561.28 $0.00 $114.78 $20,976.14
35 $20,976.14 $561.28 $0.00 $118.60 $21,656.02
36 $21,656.02 $561.28 $0.00 $122.45 $22,339.75
37 $22,339.75 $561.28 $0.00 $126.31 $23,027.34
38 $23,027.34 $561.28 $0.00 $130.20 $23,718.82
39 $23,718.82 $561.28 $0.00 $134.11 $24,414.21
40 $24,414.21 $561.28 $0.00 $138.04 $25,113.53
41 $25,113.53 $561.28 $0.00 $142.00 $25,816.81
42 $25,816.81 $561.28 $0.00 $145.97 $26,524.06
43 $26,524.06 $561.28 $0.00 $149.97 $27,235.31
44 $27,235.31 $561.28 $0.00 $153.99 $27,950.58
45 $27,950.58 $561.28 $0.00 $158.04 $28,669.90
46 $28,669.90 $561.28 $0.00 $162.10 $29,393.28
47 $29,393.28 $561.28 $0.00 $166.19 $30,120.75
48 $30,120.75 $561.28 $0.00 $170.31 $30,852.34
49 $30,852.34 $561.28 $0.00 $174.44 $31,588.06
50 $31,588.06 $561.28 $0.00 $178.60 $32,327.94
51 $32,327.94 $561.28 $0.00 $182.79 $33,072.01
52 $33,072.01 $561.28 $0.00 $186.99 $33,820.28
53 $33,820.28 $561.28 $0.00 $191.22 $34,572.78
54 $34,572.78 $561.28 $0.00 $195.48 $35,329.54
55 $35,329.54 $561.28 $0.00 $199.76 $36,090.58
56 $36,090.58 $561.28 $0.00 $204.06 $36,855.92
57 $36,855.92 $561.28 $0.00 $208.39 $37,625.59
58 $37,625.59 $561.28 $0.00 $212.74 $38,399.61
59 $38,399.61 $561.28 $0.00 $217.12 $39,178.01
60 $39,178.01 $561.28 $0.00 $221.52 $39,960.81
61 $39,960.81 $561.28 $0.00 $225.94 $40,748.03
62 $40,748.03 $561.28 $0.00 $230.40 $41,539.71
63 $41,539.71 $561.28 $0.00 $234.87 $42,335.86
64 $42,335.86 $561.28 $0.00 $239.37 $43,136.51
65 $43,136.51 $561.28 $0.00 $243.90 $43,941.69
66 $43,941.69 $561.28 $0.00 $248.45 $44,751.42
67 $44,751.42 $561.28 $0.00 $253.03 $45,565.73
68 $45,565.73 $561.28 $0.00 $257.64 $46,384.65
69 $46,384.65 $561.28 $0.00 $262.27 $47,208.20
70 $47,208.20 $561.28 $0.00 $266.92 $48,036.40
71 $48,036.40 $561.28 $0.00 $271.60 $48,869.28
72 $48,869.28 $561.28 $0.00 $276.31 $49,706.87
73 $49,706.87 $561.28 $0.00 $281.05 $50,549.20
74 $50,549.20 $561.28 $0.00 $285.81 $51,396.29
75 $51,396.29 $561.28 $0.00 $290.60 $52,248.17
76 $52,248.17 $561.28 $0.00 $295.42 $53,104.87
77 $53,104.87 $561.28 $0.00 $300.26 $53,966.41
78 $53,966.41 $561.28 $0.00 $305.13 $54,832.82
79 $54,832.82 $561.28 $0.00 $310.03 $55,704.13
80 $55,704.13 $561.28 $0.00 $314.96 $56,580.37
81 $56,580.37 $561.28 $0.00 $319.91 $57,461.56
82 $57,461.56 $561.28 $0.00 $324.90 $58,347.74
83 $58,347.74 $561.28 $0.00 $329.91 $59,238.93
84 $59,238.93 $561.28 $0.00 $334.95 $60,135.16
85 $60,135.16 $561.28 $0.00 $340.01 $61,036.45
86 $61,036.45 $561.28 $0.00 $345.11 $61,942.84
87 $61,942.84 $561.28 $0.00 $350.23 $62,854.35
88 $62,854.35 $561.28 $0.00 $355.39 $63,771.02
89 $63,771.02 $561.28 $0.00 $360.57 $64,692.87
90 $64,692.87 $561.28 $0.00 $365.78 $65,619.93
91 $65,619.93 $561.28 $0.00 $371.02 $66,552.23
92 $66,552.23 $561.28 $0.00 $376.30 $67,489.81
93 $67,489.81 $561.28 $0.00 $381.60 $68,432.69
94 $68,432.69 $561.28 $0.00 $386.93 $69,380.90
95 $69,380.90 $561.28 $0.00 $392.29 $70,334.47
96 $70,334.47 $561.28 $0.00 $397.68 $71,293.43
97 $71,293.43 $561.28 $0.00 $403.10 $72,257.81
98 $72,257.81 $561.28 $0.00 $408.56 $73,227.65
99 $73,227.65 $561.28 $0.00 $414.04 $74,202.97
100 $74,202.97 $561.28 $0.00 $419.55 $75,183.80
101 $75,183.80 $561.28 $0.00 $425.10 $76,170.18
102 $76,170.18 $561.28 $0.00 $430.68 $77,162.14
103 $77,162.14 $561.28 $0.00 $436.29 $78,159.71
104 $78,159.71 $561.28 $0.00 $441.93 $79,162.92
105 $79,162.92 $561.28 $0.00 $447.60 $80,171.80
106 $80,171.80 $561.28 $0.00 $453.30 $81,186.38
107 $81,186.38 $561.28 $0.00 $459.04 $82,206.70
108 $82,206.70 $561.28 $0.00 $464.81 $83,232.79
109 $83,232.79 $561.28 $0.00 $470.61 $84,264.68
110 $84,264.68 $561.28 $0.00 $476.44 $85,302.40
111 $85,302.40 $561.28 $0.00 $482.31 $86,345.99
112 $86,345.99 $561.28 $0.00 $488.21 $87,395.48
113 $87,395.48 $561.28 $0.00 $494.15 $88,450.91
114 $88,450.91 $561.28 $0.00 $500.11 $89,512.30
115 $89,512.30 $561.28 $0.00 $506.12 $90,579.70
116 $90,579.70 $561.28 $0.00 $512.15 $91,653.13
117 $91,653.13 $561.28 $0.00 $518.22 $92,732.63
118 $92,732.63 $561.28 $0.00 $524.32 $93,818.23
119 $93,818.23 $561.28 $0.00 $530.46 $94,909.97
120 $94,909.97 $561.28 $0.00 $536.63 $96,007.88
121 $96,007.88 $561.28 $0.00 $542.84 $97,112.00
122 $97,112.00 $561.28 $0.00 $549.09 $98,222.37
123 $98,222.37 $561.28 $0.00 $555.36 $99,339.01
124 $99,339.01 $561.28 $0.00 $561.68 $100,461.97
125 $100,461.97 $561.28 $0.00 $568.03 $101,591.28
126 $101,591.28 $561.28 $0.00 $574.41 $102,726.97
127 $102,726.97 $561.28 $0.00 $580.83 $103,869.08
128 $103,869.08 $561.28 $0.00 $587.29 $105,017.65
129 $105,017.65 $561.28 $0.00 $593.79 $106,172.72
130 $106,172.72 $561.28 $0.00 $600.32 $107,334.32
131 $107,334.32 $561.28 $0.00 $606.88 $108,502.48
132 $108,502.48 $561.28 $0.00 $613.49 $109,677.25
133 $109,677.25 $561.28 $0.00 $620.13 $110,858.66
134 $110,858.66 $561.28 $0.00 $626.81 $112,046.75
135 $112,046.75 $561.28 $0.00 $633.53 $113,241.56
136 $113,241.56 $561.28 $0.00 $640.28 $114,443.12
137 $114,443.12 $561.28 $0.00 $647.08 $115,651.48
138 $115,651.48 $561.28 $0.00 $653.91 $116,866.67
139 $116,866.67 $561.28 $0.00 $660.78 $118,088.73
140 $118,088.73 $561.28 $0.00 $667.69 $119,317.70
141 $119,317.70 $561.28 $0.00 $674.64 $120,553.62
142 $120,553.62 $561.28 $0.00 $681.63 $121,796.53
143 $121,796.53 $561.28 $0.00 $688.66 $123,046.47
144 $123,046.47 $561.28 $0.00 $695.72 $124,303.47
145 $124,303.47 $561.28 $0.00 $702.83 $125,567.58
146 $125,567.58 $561.28 $0.00 $709.98 $126,838.84
147 $126,838.84 $561.28 $0.00 $717.17 $128,117.29
148 $128,117.29 $561.28 $0.00 $724.39 $129,402.96
149 $129,402.96 $561.28 $0.00 $731.66 $130,695.90
150 $130,695.90 $561.28 $0.00 $738.97 $131,996.15
151 $131,996.15 $561.28 $0.00 $746.33 $133,303.76
152 $133,303.76 $561.28 $0.00 $753.72 $134,618.76
153 $134,618.76 $561.28 $0.00 $761.15 $135,941.19
154 $135,941.19 $561.28 $0.00 $768.63 $137,271.10
155 $137,271.10 $561.28 $0.00 $776.15 $138,608.53
156 $138,608.53 $561.28 $0.00 $783.71 $139,953.52
157 $139,953.52 $561.28 $0.00 $791.32 $141,306.12
158 $141,306.12 $561.28 $0.00 $798.97 $142,666.37
159 $142,666.37 $561.28 $0.00 $806.66 $144,034.31
160 $144,034.31 $561.28 $0.00 $814.39 $145,409.98
161 $145,409.98 $561.28 $0.00 $822.17 $146,793.43
162 $146,793.43 $561.28 $0.00 $829.99 $148,184.70
163 $148,184.70 $561.28 $0.00 $837.86 $149,583.84
164 $149,583.84 $561.28 $0.00 $845.77 $150,990.89
165 $150,990.89 $561.28 $0.00 $853.72 $152,405.89
166 $152,405.89 $561.28 $0.00 $861.73 $153,828.90
167 $153,828.90 $561.28 $0.00 $869.77 $155,259.95
168 $155,259.95 $561.28 $0.00 $877.86 $156,699.09
169 $156,699.09 $561.28 $0.00 $886.00 $158,146.37
170 $158,146.37 $561.28 $0.00 $894.18 $159,601.83
171 $159,601.83 $561.28 $0.00 $902.41 $161,065.52
172 $161,065.52 $561.28 $0.00 $910.69 $162,537.49
173 $162,537.49 $561.28 $0.00 $919.01 $164,017.78
174 $164,017.78 $561.28 $0.00 $927.38 $165,506.44
175 $165,506.44 $561.28 $0.00 $935.80 $167,003.52
176 $167,003.52 $561.28 $0.00 $944.26 $168,509.06
177 $168,509.06 $561.28 $0.00 $952.77 $170,023.11
178 $170,023.11 $561.28 $0.00 $961.34 $171,545.73
179 $171,545.73 $561.28 $0.00 $969.94 $173,076.95
180 $173,076.95 $561.28 $0.00 $978.60 $174,616.83
181 $174,616.83 $561.28 $0.00 $987.31 $176,165.42
182 $176,165.42 $561.28 $0.00 $996.06 $177,722.76
183 $177,722.76 $561.28 $0.00 $1,004.87 $179,288.91
184 $179,288.91 $561.28 $0.00 $1,013.73 $180,863.92
185 $180,863.92 $561.28 $0.00 $1,022.63 $182,447.83
186 $182,447.83 $561.28 $0.00 $1,031.59 $184,040.70
187 $184,040.70 $561.28 $0.00 $1,040.59 $185,642.57
188 $185,642.57 $561.28 $0.00 $1,049.65 $187,253.50
189 $187,253.50 $561.28 $0.00 $1,058.76 $188,873.54
190 $188,873.54 $561.28 $0.00 $1,067.92 $190,502.74
191 $190,502.74 $561.28 $0.00 $1,077.13 $192,141.15
192 $192,141.15 $561.28 $0.00 $1,086.39 $193,788.82
193 $193,788.82 $561.28 $0.00 $1,095.71 $195,445.81
194 $195,445.81 $561.28 $0.00 $1,105.08 $197,112.17
195 $197,112.17 $561.28 $0.00 $1,114.50 $198,787.95
196 $198,787.95 $561.28 $0.00 $1,123.98 $200,473.21
197 $200,473.21 $561.28 $0.00 $1,133.50 $202,167.99
198 $202,167.99 $561.28 $0.00 $1,143.09 $203,872.36
199 $203,872.36 $561.28 $0.00 $1,152.72 $205,586.36
200 $205,586.36 $561.28 $0.00 $1,162.42 $207,310.06
201 $207,310.06 $561.28 $0.00 $1,172.16 $209,043.50
202 $209,043.50 $561.28 $0.00 $1,181.96 $210,786.74
203 $210,786.74 $561.28 $0.00 $1,191.82 $212,539.84
204 $212,539.84 $561.28 $0.00 $1,201.73 $214,302.85
205 $214,302.85 $561.28 $0.00 $1,211.70 $216,075.83
206 $216,075.83 $561.28 $0.00 $1,221.72 $217,858.83
207 $217,858.83 $561.28 $0.00 $1,231.81 $219,651.92
208 $219,651.92 $561.28 $0.00 $1,241.94 $221,455.14
209 $221,455.14 $561.28 $0.00 $1,252.14 $223,268.56
210 $223,268.56 $561.28 $0.00 $1,262.39 $225,092.23
211 $225,092.23 $561.28 $0.00 $1,272.70 $226,926.21
212 $226,926.21 $561.28 $0.00 $1,283.07 $228,770.56
213 $228,770.56 $561.28 $0.00 $1,293.50 $230,625.34
214 $230,625.34 $561.28 $0.00 $1,303.99 $232,490.61
215 $232,490.61 $561.28 $0.00 $1,314.54 $234,366.43
216 $234,366.43 $561.28 $0.00 $1,325.14 $236,252.85
217 $236,252.85 $561.28 $63,982.12 $1,335.81 $174,167.82
218 $174,167.82 $561.28 $0.00 $984.77 $175,713.87
219 $175,713.87 $561.28 $0.00 $993.51 $177,268.66
220 $177,268.66 $561.28 $0.00 $1,002.30 $178,832.24
221 $178,832.24 $561.28 $0.00 $1,011.14 $180,404.66
222 $180,404.66 $561.28 $0.00 $1,020.03 $181,985.97
223 $181,985.97 $561.28 $0.00 $1,028.98 $183,576.23
224 $183,576.23 $561.28 $0.00 $1,037.97 $185,175.48
225 $185,175.48 $561.28 $0.00 $1,047.01 $186,783.77
226 $186,783.77 $561.28 $0.00 $1,056.10 $188,401.15
227 $188,401.15 $561.28 $0.00 $1,065.25 $190,027.68
228 $190,027.68 $561.28 $0.00 $1,074.44 $191,663.40
229 $191,663.40 $561.28 $68,460.87 $1,083.69 $124,847.50
230 $124,847.50 $561.28 $0.00 $705.91 $126,114.69
231 $126,114.69 $561.28 $0.00 $713.07 $127,389.04
232 $127,389.04 $561.28 $0.00 $720.28 $128,670.60
233 $128,670.60 $561.28 $0.00 $727.52 $129,959.40
234 $129,959.40 $561.28 $0.00 $734.81 $131,255.49
235 $131,255.49 $561.28 $0.00 $742.14 $132,558.91
236 $132,558.91 $561.28 $0.00 $749.51 $133,869.70
237 $133,869.70 $561.28 $0.00 $756.92 $135,187.90
238 $135,187.90 $561.28 $0.00 $764.37 $136,513.55
239 $136,513.55 $561.28 $0.00 $771.87 $137,846.70
240 $137,846.70 $561.28 $0.00 $779.41 $139,187.39
241 $139,187.39 $561.28 $73,253.13 $786.99 $67,282.53
242 $67,282.53 $561.28 $0.00 $380.43 $68,224.24
243 $68,224.24 $561.28 $0.00 $385.75 $69,171.27
244 $69,171.27 $561.28 $0.00 $391.10 $70,123.65
245 $70,123.65 $561.28 $0.00 $396.49 $71,081.42
246 $71,081.42 $561.28 $0.00 $401.90 $72,044.60
247 $72,044.60 $561.28 $0.00 $407.35 $73,013.23
248 $73,013.23 $561.28 $0.00 $412.83 $73,987.34
249 $73,987.34 $561.28 $0.00 $418.34 $74,966.96
250 $74,966.96 $561.28 $0.00 $423.87 $75,952.11
251 $75,952.11 $561.28 $0.00 $429.44 $76,942.83
252 $76,942.83 $561.28 $0.00 $435.05 $77,939.16
253 $77,939.16 $0.00 $78,380.85 $440.68 -$1.01