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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$78,024
Monthly savings required$618

How much will it cost to send your child to Cambridge College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $312,097.70 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $617.63 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$30,088.00
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 $617.63 $0.00 $0.00 $617.63
2 $617.63 $617.63 $0.00 $3.49 $1,238.75
3 $1,238.75 $617.63 $0.00 $7.00 $1,863.38
4 $1,863.38 $617.63 $0.00 $10.54 $2,491.55
5 $2,491.55 $617.63 $0.00 $14.09 $3,123.27
6 $3,123.27 $617.63 $0.00 $17.66 $3,758.56
7 $3,758.56 $617.63 $0.00 $21.25 $4,397.44
8 $4,397.44 $617.63 $0.00 $24.86 $5,039.93
9 $5,039.93 $617.63 $0.00 $28.50 $5,686.06
10 $5,686.06 $617.63 $0.00 $32.15 $6,335.84
11 $6,335.84 $617.63 $0.00 $35.82 $6,989.29
12 $6,989.29 $617.63 $0.00 $39.52 $7,646.44
13 $7,646.44 $617.63 $0.00 $43.23 $8,307.30
14 $8,307.30 $617.63 $0.00 $46.97 $8,971.90
15 $8,971.90 $617.63 $0.00 $50.73 $9,640.26
16 $9,640.26 $617.63 $0.00 $54.51 $10,312.40
17 $10,312.40 $617.63 $0.00 $58.31 $10,988.34
18 $10,988.34 $617.63 $0.00 $62.13 $11,668.10
19 $11,668.10 $617.63 $0.00 $65.97 $12,351.70
20 $12,351.70 $617.63 $0.00 $69.84 $13,039.17
21 $13,039.17 $617.63 $0.00 $73.73 $13,730.53
22 $13,730.53 $617.63 $0.00 $77.63 $14,425.79
23 $14,425.79 $617.63 $0.00 $81.57 $15,124.99
24 $15,124.99 $617.63 $0.00 $85.52 $15,828.14
25 $15,828.14 $617.63 $0.00 $89.49 $16,535.26
26 $16,535.26 $617.63 $0.00 $93.49 $17,246.38
27 $17,246.38 $617.63 $0.00 $97.51 $17,961.52
28 $17,961.52 $617.63 $0.00 $101.56 $18,680.71
29 $18,680.71 $617.63 $0.00 $105.62 $19,403.96
30 $19,403.96 $617.63 $0.00 $109.71 $20,131.30
31 $20,131.30 $617.63 $0.00 $113.83 $20,862.76
32 $20,862.76 $617.63 $0.00 $117.96 $21,598.35
33 $21,598.35 $617.63 $0.00 $122.12 $22,338.10
34 $22,338.10 $617.63 $0.00 $126.30 $23,082.03
35 $23,082.03 $617.63 $0.00 $130.51 $23,830.17
36 $23,830.17 $617.63 $0.00 $134.74 $24,582.54
37 $24,582.54 $617.63 $0.00 $138.99 $25,339.16
38 $25,339.16 $617.63 $0.00 $143.27 $26,100.06
39 $26,100.06 $617.63 $0.00 $147.57 $26,865.26
40 $26,865.26 $617.63 $0.00 $151.90 $27,634.79
41 $27,634.79 $617.63 $0.00 $156.25 $28,408.67
42 $28,408.67 $617.63 $0.00 $160.63 $29,186.93
43 $29,186.93 $617.63 $0.00 $165.03 $29,969.59
44 $29,969.59 $617.63 $0.00 $169.45 $30,756.67
45 $30,756.67 $617.63 $0.00 $173.90 $31,548.20
46 $31,548.20 $617.63 $0.00 $178.38 $32,344.21
47 $32,344.21 $617.63 $0.00 $182.88 $33,144.72
48 $33,144.72 $617.63 $0.00 $187.41 $33,949.76
49 $33,949.76 $617.63 $0.00 $191.96 $34,759.35
50 $34,759.35 $617.63 $0.00 $196.53 $35,573.51
51 $35,573.51 $617.63 $0.00 $201.14 $36,392.28
52 $36,392.28 $617.63 $0.00 $205.77 $37,215.68
53 $37,215.68 $617.63 $0.00 $210.42 $38,043.73
54 $38,043.73 $617.63 $0.00 $215.10 $38,876.46
55 $38,876.46 $617.63 $0.00 $219.81 $39,713.90
56 $39,713.90 $617.63 $0.00 $224.55 $40,556.08
57 $40,556.08 $617.63 $0.00 $229.31 $41,403.02
58 $41,403.02 $617.63 $0.00 $234.10 $42,254.75
59 $42,254.75 $617.63 $0.00 $238.91 $43,111.29
60 $43,111.29 $617.63 $0.00 $243.76 $43,972.68
61 $43,972.68 $617.63 $0.00 $248.63 $44,838.94
62 $44,838.94 $617.63 $0.00 $253.53 $45,710.10
63 $45,710.10 $617.63 $0.00 $258.45 $46,586.18
64 $46,586.18 $617.63 $0.00 $263.41 $47,467.22
65 $47,467.22 $617.63 $0.00 $268.39 $48,353.24
66 $48,353.24 $617.63 $0.00 $273.40 $49,244.27
67 $49,244.27 $617.63 $0.00 $278.43 $50,140.33
68 $50,140.33 $617.63 $0.00 $283.50 $51,041.46
69 $51,041.46 $617.63 $0.00 $288.60 $51,947.69
70 $51,947.69 $617.63 $0.00 $293.72 $52,859.04
71 $52,859.04 $617.63 $0.00 $298.87 $53,775.54
72 $53,775.54 $617.63 $0.00 $304.05 $54,697.22
73 $54,697.22 $617.63 $0.00 $309.27 $55,624.12
74 $55,624.12 $617.63 $0.00 $314.51 $56,556.26
75 $56,556.26 $617.63 $0.00 $319.78 $57,493.67
76 $57,493.67 $617.63 $0.00 $325.08 $58,436.38
77 $58,436.38 $617.63 $0.00 $330.41 $59,384.42
78 $59,384.42 $617.63 $0.00 $335.77 $60,337.82
79 $60,337.82 $617.63 $0.00 $341.16 $61,296.61
80 $61,296.61 $617.63 $0.00 $346.58 $62,260.82
81 $62,260.82 $617.63 $0.00 $352.03 $63,230.48
82 $63,230.48 $617.63 $0.00 $357.51 $64,205.62
83 $64,205.62 $617.63 $0.00 $363.03 $65,186.28
84 $65,186.28 $617.63 $0.00 $368.57 $66,172.48
85 $66,172.48 $617.63 $0.00 $374.15 $67,164.26
86 $67,164.26 $617.63 $0.00 $379.76 $68,161.65
87 $68,161.65 $617.63 $0.00 $385.40 $69,164.68
88 $69,164.68 $617.63 $0.00 $391.07 $70,173.38
89 $70,173.38 $617.63 $0.00 $396.77 $71,187.78
90 $71,187.78 $617.63 $0.00 $402.51 $72,207.92
91 $72,207.92 $617.63 $0.00 $408.27 $73,233.82
92 $73,233.82 $617.63 $0.00 $414.07 $74,265.52
93 $74,265.52 $617.63 $0.00 $419.91 $75,303.06
94 $75,303.06 $617.63 $0.00 $425.77 $76,346.46
95 $76,346.46 $617.63 $0.00 $431.67 $77,395.76
96 $77,395.76 $617.63 $0.00 $437.61 $78,451.00
97 $78,451.00 $617.63 $0.00 $443.57 $79,512.20
98 $79,512.20 $617.63 $0.00 $449.57 $80,579.40
99 $80,579.40 $617.63 $0.00 $455.61 $81,652.64
100 $81,652.64 $617.63 $0.00 $461.68 $82,731.95
101 $82,731.95 $617.63 $0.00 $467.78 $83,817.36
102 $83,817.36 $617.63 $0.00 $473.92 $84,908.91
103 $84,908.91 $617.63 $0.00 $480.09 $86,006.63
104 $86,006.63 $617.63 $0.00 $486.29 $87,110.55
105 $87,110.55 $617.63 $0.00 $492.54 $88,220.72
106 $88,220.72 $617.63 $0.00 $498.81 $89,337.16
107 $89,337.16 $617.63 $0.00 $505.13 $90,459.92
108 $90,459.92 $617.63 $0.00 $511.47 $91,589.02
109 $91,589.02 $617.63 $0.00 $517.86 $92,724.51
110 $92,724.51 $617.63 $0.00 $524.28 $93,866.42
111 $93,866.42 $617.63 $0.00 $530.73 $95,014.78
112 $95,014.78 $617.63 $0.00 $537.23 $96,169.64
113 $96,169.64 $617.63 $0.00 $543.76 $97,331.03
114 $97,331.03 $617.63 $0.00 $550.32 $98,498.98
115 $98,498.98 $617.63 $0.00 $556.93 $99,673.54
116 $99,673.54 $617.63 $0.00 $563.57 $100,854.74
117 $100,854.74 $617.63 $0.00 $570.25 $102,042.62
118 $102,042.62 $617.63 $0.00 $576.96 $103,237.21
119 $103,237.21 $617.63 $0.00 $583.72 $104,438.56
120 $104,438.56 $617.63 $0.00 $590.51 $105,646.70
121 $105,646.70 $617.63 $0.00 $597.34 $106,861.67
122 $106,861.67 $617.63 $0.00 $604.21 $108,083.51
123 $108,083.51 $617.63 $0.00 $611.12 $109,312.26
124 $109,312.26 $617.63 $0.00 $618.07 $110,547.96
125 $110,547.96 $617.63 $0.00 $625.05 $111,790.64
126 $111,790.64 $617.63 $0.00 $632.08 $113,040.35
127 $113,040.35 $617.63 $0.00 $639.15 $114,297.13
128 $114,297.13 $617.63 $0.00 $646.25 $115,561.01
129 $115,561.01 $617.63 $0.00 $653.40 $116,832.04
130 $116,832.04 $617.63 $0.00 $660.59 $118,110.26
131 $118,110.26 $617.63 $0.00 $667.81 $119,395.70
132 $119,395.70 $617.63 $0.00 $675.08 $120,688.41
133 $120,688.41 $617.63 $0.00 $682.39 $121,988.43
134 $121,988.43 $617.63 $0.00 $689.74 $123,295.80
135 $123,295.80 $617.63 $0.00 $697.13 $124,610.56
136 $124,610.56 $617.63 $0.00 $704.57 $125,932.76
137 $125,932.76 $617.63 $0.00 $712.04 $127,262.43
138 $127,262.43 $617.63 $0.00 $719.56 $128,599.62
139 $128,599.62 $617.63 $0.00 $727.12 $129,944.37
140 $129,944.37 $617.63 $0.00 $734.72 $131,296.72
141 $131,296.72 $617.63 $0.00 $742.37 $132,656.72
142 $132,656.72 $617.63 $0.00 $750.06 $134,024.41
143 $134,024.41 $617.63 $0.00 $757.79 $135,399.83
144 $135,399.83 $617.63 $0.00 $765.57 $136,783.03
145 $136,783.03 $617.63 $0.00 $773.39 $138,174.05
146 $138,174.05 $617.63 $0.00 $781.26 $139,572.94
147 $139,572.94 $617.63 $0.00 $789.17 $140,979.74
148 $140,979.74 $617.63 $0.00 $797.12 $142,394.49
149 $142,394.49 $617.63 $0.00 $805.12 $143,817.24
150 $143,817.24 $617.63 $0.00 $813.16 $145,248.03
151 $145,248.03 $617.63 $0.00 $821.25 $146,686.91
152 $146,686.91 $617.63 $0.00 $829.39 $148,133.93
153 $148,133.93 $617.63 $0.00 $837.57 $149,589.13
154 $149,589.13 $617.63 $0.00 $845.80 $151,052.56
155 $151,052.56 $617.63 $0.00 $854.07 $152,524.26
156 $152,524.26 $617.63 $0.00 $862.39 $154,004.28
157 $154,004.28 $617.63 $0.00 $870.76 $155,492.67
158 $155,492.67 $617.63 $0.00 $879.18 $156,989.48
159 $156,989.48 $617.63 $0.00 $887.64 $158,494.75
160 $158,494.75 $617.63 $0.00 $896.15 $160,008.53
161 $160,008.53 $617.63 $0.00 $904.71 $161,530.87
162 $161,530.87 $617.63 $0.00 $913.32 $163,061.82
163 $163,061.82 $617.63 $0.00 $921.98 $164,601.43
164 $164,601.43 $617.63 $0.00 $930.68 $166,149.74
165 $166,149.74 $617.63 $0.00 $939.43 $167,706.80
166 $167,706.80 $617.63 $0.00 $948.24 $169,272.67
167 $169,272.67 $617.63 $0.00 $957.09 $170,847.39
168 $170,847.39 $617.63 $0.00 $966.00 $172,431.02
169 $172,431.02 $617.63 $0.00 $974.95 $174,023.60
170 $174,023.60 $617.63 $0.00 $983.95 $175,625.18
171 $175,625.18 $617.63 $0.00 $993.01 $177,235.82
172 $177,235.82 $617.63 $0.00 $1,002.12 $178,855.57
173 $178,855.57 $617.63 $0.00 $1,011.28 $180,484.48
174 $180,484.48 $617.63 $0.00 $1,020.49 $182,122.60
175 $182,122.60 $617.63 $0.00 $1,029.75 $183,769.98
176 $183,769.98 $617.63 $0.00 $1,039.06 $185,426.67
177 $185,426.67 $617.63 $0.00 $1,048.43 $187,092.73
178 $187,092.73 $617.63 $0.00 $1,057.85 $188,768.21
179 $188,768.21 $617.63 $0.00 $1,067.32 $190,453.16
180 $190,453.16 $617.63 $0.00 $1,076.85 $192,147.64
181 $192,147.64 $617.63 $0.00 $1,086.43 $193,851.70
182 $193,851.70 $617.63 $0.00 $1,096.07 $195,565.40
183 $195,565.40 $617.63 $0.00 $1,105.76 $197,288.79
184 $197,288.79 $617.63 $0.00 $1,115.50 $199,021.92
185 $199,021.92 $617.63 $0.00 $1,125.30 $200,764.85
186 $200,764.85 $617.63 $0.00 $1,135.15 $202,517.63
187 $202,517.63 $617.63 $0.00 $1,145.06 $204,280.32
188 $204,280.32 $617.63 $0.00 $1,155.03 $206,052.98
189 $206,052.98 $617.63 $0.00 $1,165.05 $207,835.66
190 $207,835.66 $617.63 $0.00 $1,175.13 $209,628.42
191 $209,628.42 $617.63 $0.00 $1,185.27 $211,431.32
192 $211,431.32 $617.63 $0.00 $1,195.46 $213,244.41
193 $213,244.41 $617.63 $0.00 $1,205.71 $215,067.75
194 $215,067.75 $617.63 $0.00 $1,216.02 $216,901.40
195 $216,901.40 $617.63 $0.00 $1,226.39 $218,745.42
196 $218,745.42 $617.63 $0.00 $1,236.82 $220,599.87
197 $220,599.87 $617.63 $0.00 $1,247.30 $222,464.80
198 $222,464.80 $617.63 $0.00 $1,257.85 $224,340.28
199 $224,340.28 $617.63 $0.00 $1,268.45 $226,226.36
200 $226,226.36 $617.63 $0.00 $1,279.12 $228,123.11
201 $228,123.11 $617.63 $0.00 $1,289.84 $230,030.58
202 $230,030.58 $617.63 $0.00 $1,300.63 $231,948.84
203 $231,948.84 $617.63 $0.00 $1,311.47 $233,877.94
204 $233,877.94 $617.63 $0.00 $1,322.38 $235,817.95
205 $235,817.95 $617.63 $0.00 $1,333.35 $237,768.93
206 $237,768.93 $617.63 $0.00 $1,344.38 $239,730.94
207 $239,730.94 $617.63 $0.00 $1,355.47 $241,704.04
208 $241,704.04 $617.63 $0.00 $1,366.63 $243,688.30
209 $243,688.30 $617.63 $0.00 $1,377.85 $245,683.78
210 $245,683.78 $617.63 $0.00 $1,389.13 $247,690.54
211 $247,690.54 $617.63 $0.00 $1,400.48 $249,708.65
212 $249,708.65 $617.63 $0.00 $1,411.89 $251,738.17
213 $251,738.17 $617.63 $0.00 $1,423.36 $253,779.16
214 $253,779.16 $617.63 $0.00 $1,434.90 $255,831.69
215 $255,831.69 $617.63 $0.00 $1,446.51 $257,895.83
216 $257,895.83 $617.63 $0.00 $1,458.18 $259,971.64
217 $259,971.64 $617.63 $72,410.36 $1,469.92 $189,648.83
218 $189,648.83 $617.63 $0.00 $1,072.30 $191,338.76
219 $191,338.76 $617.63 $0.00 $1,081.86 $193,038.25
220 $193,038.25 $617.63 $0.00 $1,091.47 $194,747.35
221 $194,747.35 $617.63 $0.00 $1,101.13 $196,466.11
222 $196,466.11 $617.63 $0.00 $1,110.85 $198,194.59
223 $198,194.59 $617.63 $0.00 $1,120.62 $199,932.84
224 $199,932.84 $617.63 $0.00 $1,130.45 $201,680.92
225 $201,680.92 $617.63 $0.00 $1,140.33 $203,438.88
226 $203,438.88 $617.63 $0.00 $1,150.27 $205,206.78
227 $205,206.78 $617.63 $0.00 $1,160.27 $206,984.68
228 $206,984.68 $617.63 $0.00 $1,170.32 $208,772.63
229 $208,772.63 $617.63 $76,030.88 $1,180.43 $134,539.81
230 $134,539.81 $617.63 $0.00 $760.71 $135,918.15
231 $135,918.15 $617.63 $0.00 $768.50 $137,304.28
232 $137,304.28 $617.63 $0.00 $776.34 $138,698.25
233 $138,698.25 $617.63 $0.00 $784.22 $140,100.10
234 $140,100.10 $617.63 $0.00 $792.15 $141,509.88
235 $141,509.88 $617.63 $0.00 $800.12 $142,927.63
236 $142,927.63 $617.63 $0.00 $808.13 $144,353.39
237 $144,353.39 $617.63 $0.00 $816.20 $145,787.22
238 $145,787.22 $617.63 $0.00 $824.30 $147,229.15
239 $147,229.15 $617.63 $0.00 $832.46 $148,679.24
240 $148,679.24 $617.63 $0.00 $840.65 $150,137.52
241 $150,137.52 $617.63 $79,832.42 $848.90 $71,771.63
242 $71,771.63 $617.63 $0.00 $405.81 $72,795.07
243 $72,795.07 $617.63 $0.00 $411.59 $73,824.29
244 $73,824.29 $617.63 $0.00 $417.41 $74,859.33
245 $74,859.33 $617.63 $0.00 $423.27 $75,900.23
246 $75,900.23 $617.63 $0.00 $429.15 $76,947.01
247 $76,947.01 $617.63 $0.00 $435.07 $77,999.71
248 $77,999.71 $617.63 $0.00 $441.02 $79,058.36
249 $79,058.36 $617.63 $0.00 $447.01 $80,123.00
250 $80,123.00 $617.63 $0.00 $453.03 $81,193.66
251 $81,193.66 $617.63 $0.00 $459.08 $82,270.37
252 $82,270.37 $617.63 $0.00 $465.17 $83,353.17
253 $83,353.17 $0.00 $83,824.04 $471.29 $0.42