Savings Plan and Future Cost Estimation for American International College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$148,435
Monthly savings required$1,175

How much will it cost to send your child to American International College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $593,740.77 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,175.00 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$57,240.00
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 $1,175.00 $0.00 $0.00 $1,175.00
2 $1,175.00 $1,175.00 $0.00 $6.64 $2,356.64
3 $2,356.64 $1,175.00 $0.00 $13.32 $3,544.96
4 $3,544.96 $1,175.00 $0.00 $20.04 $4,740.00
5 $4,740.00 $1,175.00 $0.00 $26.80 $5,941.80
6 $5,941.80 $1,175.00 $0.00 $33.60 $7,150.40
7 $7,150.40 $1,175.00 $0.00 $40.43 $8,365.83
8 $8,365.83 $1,175.00 $0.00 $47.30 $9,588.13
9 $9,588.13 $1,175.00 $0.00 $54.21 $10,817.34
10 $10,817.34 $1,175.00 $0.00 $61.16 $12,053.50
11 $12,053.50 $1,175.00 $0.00 $68.15 $13,296.65
12 $13,296.65 $1,175.00 $0.00 $75.18 $14,546.83
13 $14,546.83 $1,175.00 $0.00 $82.25 $15,804.08
14 $15,804.08 $1,175.00 $0.00 $89.36 $17,068.44
15 $17,068.44 $1,175.00 $0.00 $96.51 $18,339.95
16 $18,339.95 $1,175.00 $0.00 $103.70 $19,618.65
17 $19,618.65 $1,175.00 $0.00 $110.93 $20,904.58
18 $20,904.58 $1,175.00 $0.00 $118.20 $22,197.78
19 $22,197.78 $1,175.00 $0.00 $125.51 $23,498.29
20 $23,498.29 $1,175.00 $0.00 $132.86 $24,806.15
21 $24,806.15 $1,175.00 $0.00 $140.26 $26,121.41
22 $26,121.41 $1,175.00 $0.00 $147.69 $27,444.10
23 $27,444.10 $1,175.00 $0.00 $155.17 $28,774.27
24 $28,774.27 $1,175.00 $0.00 $162.69 $30,111.96
25 $30,111.96 $1,175.00 $0.00 $170.26 $31,457.22
26 $31,457.22 $1,175.00 $0.00 $177.86 $32,810.08
27 $32,810.08 $1,175.00 $0.00 $185.51 $34,170.59
28 $34,170.59 $1,175.00 $0.00 $193.21 $35,538.80
29 $35,538.80 $1,175.00 $0.00 $200.94 $36,914.74
30 $36,914.74 $1,175.00 $0.00 $208.72 $38,298.46
31 $38,298.46 $1,175.00 $0.00 $216.55 $39,690.01
32 $39,690.01 $1,175.00 $0.00 $224.41 $41,089.42
33 $41,089.42 $1,175.00 $0.00 $232.33 $42,496.75
34 $42,496.75 $1,175.00 $0.00 $240.28 $43,912.03
35 $43,912.03 $1,175.00 $0.00 $248.29 $45,335.32
36 $45,335.32 $1,175.00 $0.00 $256.33 $46,766.65
37 $46,766.65 $1,175.00 $0.00 $264.43 $48,206.08
38 $48,206.08 $1,175.00 $0.00 $272.56 $49,653.64
39 $49,653.64 $1,175.00 $0.00 $280.75 $51,109.39
40 $51,109.39 $1,175.00 $0.00 $288.98 $52,573.37
41 $52,573.37 $1,175.00 $0.00 $297.26 $54,045.63
42 $54,045.63 $1,175.00 $0.00 $305.58 $55,526.21
43 $55,526.21 $1,175.00 $0.00 $313.95 $57,015.16
44 $57,015.16 $1,175.00 $0.00 $322.37 $58,512.53
45 $58,512.53 $1,175.00 $0.00 $330.84 $60,018.37
46 $60,018.37 $1,175.00 $0.00 $339.35 $61,532.72
47 $61,532.72 $1,175.00 $0.00 $347.91 $63,055.63
48 $63,055.63 $1,175.00 $0.00 $356.53 $64,587.16
49 $64,587.16 $1,175.00 $0.00 $365.19 $66,127.35
50 $66,127.35 $1,175.00 $0.00 $373.89 $67,676.24
51 $67,676.24 $1,175.00 $0.00 $382.65 $69,233.89
52 $69,233.89 $1,175.00 $0.00 $391.46 $70,800.35
53 $70,800.35 $1,175.00 $0.00 $400.32 $72,375.67
54 $72,375.67 $1,175.00 $0.00 $409.22 $73,959.89
55 $73,959.89 $1,175.00 $0.00 $418.18 $75,553.07
56 $75,553.07 $1,175.00 $0.00 $427.19 $77,155.26
57 $77,155.26 $1,175.00 $0.00 $436.25 $78,766.51
58 $78,766.51 $1,175.00 $0.00 $445.36 $80,386.87
59 $80,386.87 $1,175.00 $0.00 $454.52 $82,016.39
60 $82,016.39 $1,175.00 $0.00 $463.73 $83,655.12
61 $83,655.12 $1,175.00 $0.00 $473.00 $85,303.12
62 $85,303.12 $1,175.00 $0.00 $482.32 $86,960.44
63 $86,960.44 $1,175.00 $0.00 $491.69 $88,627.13
64 $88,627.13 $1,175.00 $0.00 $501.11 $90,303.24
65 $90,303.24 $1,175.00 $0.00 $510.59 $91,988.83
66 $91,988.83 $1,175.00 $0.00 $520.12 $93,683.95
67 $93,683.95 $1,175.00 $0.00 $529.70 $95,388.65
68 $95,388.65 $1,175.00 $0.00 $539.34 $97,102.99
69 $97,102.99 $1,175.00 $0.00 $549.03 $98,827.02
70 $98,827.02 $1,175.00 $0.00 $558.78 $100,560.80
71 $100,560.80 $1,175.00 $0.00 $568.59 $102,304.39
72 $102,304.39 $1,175.00 $0.00 $578.44 $104,057.83
73 $104,057.83 $1,175.00 $0.00 $588.36 $105,821.19
74 $105,821.19 $1,175.00 $0.00 $598.33 $107,594.52
75 $107,594.52 $1,175.00 $0.00 $608.36 $109,377.88
76 $109,377.88 $1,175.00 $0.00 $618.44 $111,171.32
77 $111,171.32 $1,175.00 $0.00 $628.58 $112,974.90
78 $112,974.90 $1,175.00 $0.00 $638.78 $114,788.68
79 $114,788.68 $1,175.00 $0.00 $649.03 $116,612.71
80 $116,612.71 $1,175.00 $0.00 $659.35 $118,447.06
81 $118,447.06 $1,175.00 $0.00 $669.72 $120,291.78
82 $120,291.78 $1,175.00 $0.00 $680.15 $122,146.93
83 $122,146.93 $1,175.00 $0.00 $690.64 $124,012.57
84 $124,012.57 $1,175.00 $0.00 $701.19 $125,888.76
85 $125,888.76 $1,175.00 $0.00 $711.79 $127,775.55
86 $127,775.55 $1,175.00 $0.00 $722.46 $129,673.01
87 $129,673.01 $1,175.00 $0.00 $733.19 $131,581.20
88 $131,581.20 $1,175.00 $0.00 $743.98 $133,500.18
89 $133,500.18 $1,175.00 $0.00 $754.83 $135,430.01
90 $135,430.01 $1,175.00 $0.00 $765.74 $137,370.75
91 $137,370.75 $1,175.00 $0.00 $776.71 $139,322.46
92 $139,322.46 $1,175.00 $0.00 $787.75 $141,285.21
93 $141,285.21 $1,175.00 $0.00 $798.85 $143,259.06
94 $143,259.06 $1,175.00 $0.00 $810.01 $145,244.07
95 $145,244.07 $1,175.00 $0.00 $821.23 $147,240.30
96 $147,240.30 $1,175.00 $0.00 $832.52 $149,247.82
97 $149,247.82 $1,175.00 $0.00 $843.87 $151,266.69
98 $151,266.69 $1,175.00 $0.00 $855.28 $153,296.97
99 $153,296.97 $1,175.00 $0.00 $866.76 $155,338.73
100 $155,338.73 $1,175.00 $0.00 $878.31 $157,392.04
101 $157,392.04 $1,175.00 $0.00 $889.92 $159,456.96
102 $159,456.96 $1,175.00 $0.00 $901.59 $161,533.55
103 $161,533.55 $1,175.00 $0.00 $913.33 $163,621.88
104 $163,621.88 $1,175.00 $0.00 $925.14 $165,722.02
105 $165,722.02 $1,175.00 $0.00 $937.02 $167,834.04
106 $167,834.04 $1,175.00 $0.00 $948.96 $169,958.00
107 $169,958.00 $1,175.00 $0.00 $960.97 $172,093.97
108 $172,093.97 $1,175.00 $0.00 $973.04 $174,242.01
109 $174,242.01 $1,175.00 $0.00 $985.19 $176,402.20
110 $176,402.20 $1,175.00 $0.00 $997.40 $178,574.60
111 $178,574.60 $1,175.00 $0.00 $1,009.69 $180,759.29
112 $180,759.29 $1,175.00 $0.00 $1,022.04 $182,956.33
113 $182,956.33 $1,175.00 $0.00 $1,034.46 $185,165.79
114 $185,165.79 $1,175.00 $0.00 $1,046.95 $187,387.74
115 $187,387.74 $1,175.00 $0.00 $1,059.52 $189,622.26
116 $189,622.26 $1,175.00 $0.00 $1,072.15 $191,869.41
117 $191,869.41 $1,175.00 $0.00 $1,084.86 $194,129.27
118 $194,129.27 $1,175.00 $0.00 $1,097.64 $196,401.91
119 $196,401.91 $1,175.00 $0.00 $1,110.48 $198,687.39
120 $198,687.39 $1,175.00 $0.00 $1,123.41 $200,985.80
121 $200,985.80 $1,175.00 $0.00 $1,136.40 $203,297.20
122 $203,297.20 $1,175.00 $0.00 $1,149.47 $205,621.67
123 $205,621.67 $1,175.00 $0.00 $1,162.61 $207,959.28
124 $207,959.28 $1,175.00 $0.00 $1,175.83 $210,310.11
125 $210,310.11 $1,175.00 $0.00 $1,189.12 $212,674.23
126 $212,674.23 $1,175.00 $0.00 $1,202.49 $215,051.72
127 $215,051.72 $1,175.00 $0.00 $1,215.93 $217,442.65
128 $217,442.65 $1,175.00 $0.00 $1,229.45 $219,847.10
129 $219,847.10 $1,175.00 $0.00 $1,243.05 $222,265.15
130 $222,265.15 $1,175.00 $0.00 $1,256.72 $224,696.87
131 $224,696.87 $1,175.00 $0.00 $1,270.47 $227,142.34
132 $227,142.34 $1,175.00 $0.00 $1,284.30 $229,601.64
133 $229,601.64 $1,175.00 $0.00 $1,298.20 $232,074.84
134 $232,074.84 $1,175.00 $0.00 $1,312.18 $234,562.02
135 $234,562.02 $1,175.00 $0.00 $1,326.25 $237,063.27
136 $237,063.27 $1,175.00 $0.00 $1,340.39 $239,578.66
137 $239,578.66 $1,175.00 $0.00 $1,354.61 $242,108.27
138 $242,108.27 $1,175.00 $0.00 $1,368.92 $244,652.19
139 $244,652.19 $1,175.00 $0.00 $1,383.30 $247,210.49
140 $247,210.49 $1,175.00 $0.00 $1,397.76 $249,783.25
141 $249,783.25 $1,175.00 $0.00 $1,412.31 $252,370.56
142 $252,370.56 $1,175.00 $0.00 $1,426.94 $254,972.50
143 $254,972.50 $1,175.00 $0.00 $1,441.65 $257,589.15
144 $257,589.15 $1,175.00 $0.00 $1,456.45 $260,220.60
145 $260,220.60 $1,175.00 $0.00 $1,471.33 $262,866.93
146 $262,866.93 $1,175.00 $0.00 $1,486.29 $265,528.22
147 $265,528.22 $1,175.00 $0.00 $1,501.34 $268,204.56
148 $268,204.56 $1,175.00 $0.00 $1,516.47 $270,896.03
149 $270,896.03 $1,175.00 $0.00 $1,531.69 $273,602.72
150 $273,602.72 $1,175.00 $0.00 $1,546.99 $276,324.71
151 $276,324.71 $1,175.00 $0.00 $1,562.38 $279,062.09
152 $279,062.09 $1,175.00 $0.00 $1,577.86 $281,814.95
153 $281,814.95 $1,175.00 $0.00 $1,593.42 $284,583.37
154 $284,583.37 $1,175.00 $0.00 $1,609.08 $287,367.45
155 $287,367.45 $1,175.00 $0.00 $1,624.82 $290,167.27
156 $290,167.27 $1,175.00 $0.00 $1,640.65 $292,982.92
157 $292,982.92 $1,175.00 $0.00 $1,656.57 $295,814.49
158 $295,814.49 $1,175.00 $0.00 $1,672.58 $298,662.07
159 $298,662.07 $1,175.00 $0.00 $1,688.68 $301,525.75
160 $301,525.75 $1,175.00 $0.00 $1,704.87 $304,405.62
161 $304,405.62 $1,175.00 $0.00 $1,721.15 $307,301.77
162 $307,301.77 $1,175.00 $0.00 $1,737.53 $310,214.30
163 $310,214.30 $1,175.00 $0.00 $1,754.00 $313,143.30
164 $313,143.30 $1,175.00 $0.00 $1,770.56 $316,088.86
165 $316,088.86 $1,175.00 $0.00 $1,787.21 $319,051.07
166 $319,051.07 $1,175.00 $0.00 $1,803.96 $322,030.03
167 $322,030.03 $1,175.00 $0.00 $1,820.80 $325,025.83
168 $325,025.83 $1,175.00 $0.00 $1,837.74 $328,038.57
169 $328,038.57 $1,175.00 $0.00 $1,854.78 $331,068.35
170 $331,068.35 $1,175.00 $0.00 $1,871.91 $334,115.26
171 $334,115.26 $1,175.00 $0.00 $1,889.14 $337,179.40
172 $337,179.40 $1,175.00 $0.00 $1,906.46 $340,260.86
173 $340,260.86 $1,175.00 $0.00 $1,923.88 $343,359.74
174 $343,359.74 $1,175.00 $0.00 $1,941.41 $346,476.15
175 $346,476.15 $1,175.00 $0.00 $1,959.03 $349,610.18
176 $349,610.18 $1,175.00 $0.00 $1,976.75 $352,761.93
177 $352,761.93 $1,175.00 $0.00 $1,994.57 $355,931.50
178 $355,931.50 $1,175.00 $0.00 $2,012.49 $359,118.99
179 $359,118.99 $1,175.00 $0.00 $2,030.51 $362,324.50
180 $362,324.50 $1,175.00 $0.00 $2,048.64 $365,548.14
181 $365,548.14 $1,175.00 $0.00 $2,066.86 $368,790.00
182 $368,790.00 $1,175.00 $0.00 $2,085.19 $372,050.19
183 $372,050.19 $1,175.00 $0.00 $2,103.63 $375,328.82
184 $375,328.82 $1,175.00 $0.00 $2,122.16 $378,625.98
185 $378,625.98 $1,175.00 $0.00 $2,140.81 $381,941.79
186 $381,941.79 $1,175.00 $0.00 $2,159.55 $385,276.34
187 $385,276.34 $1,175.00 $0.00 $2,178.41 $388,629.75
188 $388,629.75 $1,175.00 $0.00 $2,197.37 $392,002.12
189 $392,002.12 $1,175.00 $0.00 $2,216.44 $395,393.56
190 $395,393.56 $1,175.00 $0.00 $2,235.61 $398,804.17
191 $398,804.17 $1,175.00 $0.00 $2,254.90 $402,234.07
192 $402,234.07 $1,175.00 $0.00 $2,274.29 $405,683.36
193 $405,683.36 $1,175.00 $0.00 $2,293.79 $409,152.15
194 $409,152.15 $1,175.00 $0.00 $2,313.41 $412,640.56
195 $412,640.56 $1,175.00 $0.00 $2,333.13 $416,148.69
196 $416,148.69 $1,175.00 $0.00 $2,352.97 $419,676.66
197 $419,676.66 $1,175.00 $0.00 $2,372.91 $423,224.57
198 $423,224.57 $1,175.00 $0.00 $2,392.97 $426,792.54
199 $426,792.54 $1,175.00 $0.00 $2,413.15 $430,380.69
200 $430,380.69 $1,175.00 $0.00 $2,433.43 $433,989.12
201 $433,989.12 $1,175.00 $0.00 $2,453.84 $437,617.96
202 $437,617.96 $1,175.00 $0.00 $2,474.36 $441,267.32
203 $441,267.32 $1,175.00 $0.00 $2,494.99 $444,937.31
204 $444,937.31 $1,175.00 $0.00 $2,515.74 $448,628.05
205 $448,628.05 $1,175.00 $0.00 $2,536.61 $452,339.66
206 $452,339.66 $1,175.00 $0.00 $2,557.59 $456,072.25
207 $456,072.25 $1,175.00 $0.00 $2,578.70 $459,825.95
208 $459,825.95 $1,175.00 $0.00 $2,599.92 $463,600.87
209 $463,600.87 $1,175.00 $0.00 $2,621.27 $467,397.14
210 $467,397.14 $1,175.00 $0.00 $2,642.73 $471,214.87
211 $471,214.87 $1,175.00 $0.00 $2,664.32 $475,054.19
212 $475,054.19 $1,175.00 $0.00 $2,686.03 $478,915.22
213 $478,915.22 $1,175.00 $0.00 $2,707.86 $482,798.08
214 $482,798.08 $1,175.00 $0.00 $2,729.81 $486,702.89
215 $486,702.89 $1,175.00 $0.00 $2,751.89 $490,629.78
216 $490,629.78 $1,175.00 $0.00 $2,774.09 $494,578.87
217 $494,578.87 $1,175.00 $137,754.88 $2,796.42 $360,795.41
218 $360,795.41 $1,175.00 $0.00 $2,039.99 $364,010.40
219 $364,010.40 $1,175.00 $0.00 $2,058.17 $367,243.57
220 $367,243.57 $1,175.00 $0.00 $2,076.45 $370,495.02
221 $370,495.02 $1,175.00 $0.00 $2,094.83 $373,764.85
222 $373,764.85 $1,175.00 $0.00 $2,113.32 $377,053.17
223 $377,053.17 $1,175.00 $0.00 $2,131.91 $380,360.08
224 $380,360.08 $1,175.00 $0.00 $2,150.61 $383,685.69
225 $383,685.69 $1,175.00 $0.00 $2,169.41 $387,030.10
226 $387,030.10 $1,175.00 $0.00 $2,188.32 $390,393.42
227 $390,393.42 $1,175.00 $0.00 $2,207.34 $393,775.76
228 $393,775.76 $1,175.00 $0.00 $2,226.47 $397,177.23
229 $397,177.23 $1,175.00 $144,642.63 $2,245.70 $255,955.30
230 $255,955.30 $1,175.00 $0.00 $1,447.21 $258,577.51
231 $258,577.51 $1,175.00 $0.00 $1,462.03 $261,214.54
232 $261,214.54 $1,175.00 $0.00 $1,476.94 $263,866.48
233 $263,866.48 $1,175.00 $0.00 $1,491.94 $266,533.42
234 $266,533.42 $1,175.00 $0.00 $1,507.02 $269,215.44
235 $269,215.44 $1,175.00 $0.00 $1,522.18 $271,912.62
236 $271,912.62 $1,175.00 $0.00 $1,537.43 $274,625.05
237 $274,625.05 $1,175.00 $0.00 $1,552.77 $277,352.82
238 $277,352.82 $1,175.00 $0.00 $1,568.19 $280,096.01
239 $280,096.01 $1,175.00 $0.00 $1,583.70 $282,854.71
240 $282,854.71 $1,175.00 $0.00 $1,599.30 $285,629.01
241 $285,629.01 $1,175.00 $151,874.76 $1,614.99 $136,544.24
242 $136,544.24 $1,175.00 $0.00 $772.04 $138,491.28
243 $138,491.28 $1,175.00 $0.00 $783.05 $140,449.33
244 $140,449.33 $1,175.00 $0.00 $794.12 $142,418.45
245 $142,418.45 $1,175.00 $0.00 $805.25 $144,398.70
246 $144,398.70 $1,175.00 $0.00 $816.45 $146,390.15
247 $146,390.15 $1,175.00 $0.00 $827.71 $148,392.86
248 $148,392.86 $1,175.00 $0.00 $839.03 $150,406.89
249 $150,406.89 $1,175.00 $0.00 $850.42 $152,432.31
250 $152,432.31 $1,175.00 $0.00 $861.87 $154,469.18
251 $154,469.18 $1,175.00 $0.00 $873.39 $156,517.57
252 $156,517.57 $1,175.00 $0.00 $884.97 $158,577.54
253 $158,577.54 $0.00 $159,468.50 $896.62 $5.66