## Savings Plan and Future Cost Estimation

 Estimated Annual Cost in 2038 \$131,398 Monthly savings required \$1,040

How much will it cost to send your child to Gordon College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at \$525,591.28 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of \$1,040.12 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 \$50,670.00 Years until enrollment 18 Annual Tuition Increase 5% Current Savings \$0.00 After Tax Return on Savings 7% Years of enrollment 4

## Current Savings Shortfall

### College Savings Calculator

Discover how much will you need to start saving now to afford Gordon College in the future.

## College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 \$0.00 \$1,040.12 \$0.00 \$0.00 \$1,040.12
2 \$1,040.12 \$1,040.12 \$0.00 \$5.88 \$2,086.12
3 \$2,086.12 \$1,040.12 \$0.00 \$11.80 \$3,138.04
4 \$3,138.04 \$1,040.12 \$0.00 \$17.74 \$4,195.90
5 \$4,195.90 \$1,040.12 \$0.00 \$23.72 \$5,259.74
6 \$5,259.74 \$1,040.12 \$0.00 \$29.74 \$6,329.60
7 \$6,329.60 \$1,040.12 \$0.00 \$35.79 \$7,405.51
8 \$7,405.51 \$1,040.12 \$0.00 \$41.87 \$8,487.50
9 \$8,487.50 \$1,040.12 \$0.00 \$47.99 \$9,575.61
10 \$9,575.61 \$1,040.12 \$0.00 \$54.14 \$10,669.87
11 \$10,669.87 \$1,040.12 \$0.00 \$60.33 \$11,770.32
12 \$11,770.32 \$1,040.12 \$0.00 \$66.55 \$12,876.99
13 \$12,876.99 \$1,040.12 \$0.00 \$72.81 \$13,989.92
14 \$13,989.92 \$1,040.12 \$0.00 \$79.10 \$15,109.14
15 \$15,109.14 \$1,040.12 \$0.00 \$85.43 \$16,234.69
16 \$16,234.69 \$1,040.12 \$0.00 \$91.79 \$17,366.60
17 \$17,366.60 \$1,040.12 \$0.00 \$98.19 \$18,504.91
18 \$18,504.91 \$1,040.12 \$0.00 \$104.63 \$19,649.66
19 \$19,649.66 \$1,040.12 \$0.00 \$111.10 \$20,800.88
20 \$20,800.88 \$1,040.12 \$0.00 \$117.61 \$21,958.61
21 \$21,958.61 \$1,040.12 \$0.00 \$124.16 \$23,122.89
22 \$23,122.89 \$1,040.12 \$0.00 \$130.74 \$24,293.75
23 \$24,293.75 \$1,040.12 \$0.00 \$137.36 \$25,471.23
24 \$25,471.23 \$1,040.12 \$0.00 \$144.02 \$26,655.37
25 \$26,655.37 \$1,040.12 \$0.00 \$150.71 \$27,846.20
26 \$27,846.20 \$1,040.12 \$0.00 \$157.45 \$29,043.77
27 \$29,043.77 \$1,040.12 \$0.00 \$164.22 \$30,248.11
28 \$30,248.11 \$1,040.12 \$0.00 \$171.03 \$31,459.26
29 \$31,459.26 \$1,040.12 \$0.00 \$177.88 \$32,677.26
30 \$32,677.26 \$1,040.12 \$0.00 \$184.76 \$33,902.14
31 \$33,902.14 \$1,040.12 \$0.00 \$191.69 \$35,133.95
32 \$35,133.95 \$1,040.12 \$0.00 \$198.65 \$36,372.72
33 \$36,372.72 \$1,040.12 \$0.00 \$205.66 \$37,618.50
34 \$37,618.50 \$1,040.12 \$0.00 \$212.70 \$38,871.32
35 \$38,871.32 \$1,040.12 \$0.00 \$219.78 \$40,131.22
36 \$40,131.22 \$1,040.12 \$0.00 \$226.91 \$41,398.25
37 \$41,398.25 \$1,040.12 \$0.00 \$234.07 \$42,672.44
38 \$42,672.44 \$1,040.12 \$0.00 \$241.28 \$43,953.84
39 \$43,953.84 \$1,040.12 \$0.00 \$248.52 \$45,242.48
40 \$45,242.48 \$1,040.12 \$0.00 \$255.81 \$46,538.41
41 \$46,538.41 \$1,040.12 \$0.00 \$263.13 \$47,841.66
42 \$47,841.66 \$1,040.12 \$0.00 \$270.50 \$49,152.28
43 \$49,152.28 \$1,040.12 \$0.00 \$277.91 \$50,470.31
44 \$50,470.31 \$1,040.12 \$0.00 \$285.37 \$51,795.80
45 \$51,795.80 \$1,040.12 \$0.00 \$292.86 \$53,128.78
46 \$53,128.78 \$1,040.12 \$0.00 \$300.40 \$54,469.30
47 \$54,469.30 \$1,040.12 \$0.00 \$307.98 \$55,817.40
48 \$55,817.40 \$1,040.12 \$0.00 \$315.60 \$57,173.12
49 \$57,173.12 \$1,040.12 \$0.00 \$323.27 \$58,536.51
50 \$58,536.51 \$1,040.12 \$0.00 \$330.97 \$59,907.60
51 \$59,907.60 \$1,040.12 \$0.00 \$338.73 \$61,286.45
52 \$61,286.45 \$1,040.12 \$0.00 \$346.52 \$62,673.09
53 \$62,673.09 \$1,040.12 \$0.00 \$354.36 \$64,067.57
54 \$64,067.57 \$1,040.12 \$0.00 \$362.25 \$65,469.94
55 \$65,469.94 \$1,040.12 \$0.00 \$370.18 \$66,880.24
56 \$66,880.24 \$1,040.12 \$0.00 \$378.15 \$68,298.51
57 \$68,298.51 \$1,040.12 \$0.00 \$386.17 \$69,724.80
58 \$69,724.80 \$1,040.12 \$0.00 \$394.23 \$71,159.15
59 \$71,159.15 \$1,040.12 \$0.00 \$402.34 \$72,601.61
60 \$72,601.61 \$1,040.12 \$0.00 \$410.50 \$74,052.23
61 \$74,052.23 \$1,040.12 \$0.00 \$418.70 \$75,511.05
62 \$75,511.05 \$1,040.12 \$0.00 \$426.95 \$76,978.12
63 \$76,978.12 \$1,040.12 \$0.00 \$435.25 \$78,453.49
64 \$78,453.49 \$1,040.12 \$0.00 \$443.59 \$79,937.20
65 \$79,937.20 \$1,040.12 \$0.00 \$451.98 \$81,429.30
66 \$81,429.30 \$1,040.12 \$0.00 \$460.41 \$82,929.83
67 \$82,929.83 \$1,040.12 \$0.00 \$468.90 \$84,438.85
68 \$84,438.85 \$1,040.12 \$0.00 \$477.43 \$85,956.40
69 \$85,956.40 \$1,040.12 \$0.00 \$486.01 \$87,482.53
70 \$87,482.53 \$1,040.12 \$0.00 \$494.64 \$89,017.29
71 \$89,017.29 \$1,040.12 \$0.00 \$503.32 \$90,560.73
72 \$90,560.73 \$1,040.12 \$0.00 \$512.04 \$92,112.89
73 \$92,112.89 \$1,040.12 \$0.00 \$520.82 \$93,673.83
74 \$93,673.83 \$1,040.12 \$0.00 \$529.65 \$95,243.60
75 \$95,243.60 \$1,040.12 \$0.00 \$538.52 \$96,822.24
76 \$96,822.24 \$1,040.12 \$0.00 \$547.45 \$98,409.81
77 \$98,409.81 \$1,040.12 \$0.00 \$556.42 \$100,006.35
78 \$100,006.35 \$1,040.12 \$0.00 \$565.45 \$101,611.92
79 \$101,611.92 \$1,040.12 \$0.00 \$574.53 \$103,226.57
80 \$103,226.57 \$1,040.12 \$0.00 \$583.66 \$104,850.35
81 \$104,850.35 \$1,040.12 \$0.00 \$592.84 \$106,483.31
82 \$106,483.31 \$1,040.12 \$0.00 \$602.07 \$108,125.50
83 \$108,125.50 \$1,040.12 \$0.00 \$611.36 \$109,776.98
84 \$109,776.98 \$1,040.12 \$0.00 \$620.70 \$111,437.80
85 \$111,437.80 \$1,040.12 \$0.00 \$630.09 \$113,108.01
86 \$113,108.01 \$1,040.12 \$0.00 \$639.53 \$114,787.66
87 \$114,787.66 \$1,040.12 \$0.00 \$649.03 \$116,476.81
88 \$116,476.81 \$1,040.12 \$0.00 \$658.58 \$118,175.51
89 \$118,175.51 \$1,040.12 \$0.00 \$668.18 \$119,883.81
90 \$119,883.81 \$1,040.12 \$0.00 \$677.84 \$121,601.77
91 \$121,601.77 \$1,040.12 \$0.00 \$687.55 \$123,329.44
92 \$123,329.44 \$1,040.12 \$0.00 \$697.32 \$125,066.88
93 \$125,066.88 \$1,040.12 \$0.00 \$707.15 \$126,814.15
94 \$126,814.15 \$1,040.12 \$0.00 \$717.03 \$128,571.30
95 \$128,571.30 \$1,040.12 \$0.00 \$726.96 \$130,338.38
96 \$130,338.38 \$1,040.12 \$0.00 \$736.95 \$132,115.45
97 \$132,115.45 \$1,040.12 \$0.00 \$747.00 \$133,902.57
98 \$133,902.57 \$1,040.12 \$0.00 \$757.10 \$135,699.79
99 \$135,699.79 \$1,040.12 \$0.00 \$767.27 \$137,507.18
100 \$137,507.18 \$1,040.12 \$0.00 \$777.49 \$139,324.79
101 \$139,324.79 \$1,040.12 \$0.00 \$787.76 \$141,152.67
102 \$141,152.67 \$1,040.12 \$0.00 \$798.10 \$142,990.89
103 \$142,990.89 \$1,040.12 \$0.00 \$808.49 \$144,839.50
104 \$144,839.50 \$1,040.12 \$0.00 \$818.94 \$146,698.56
105 \$146,698.56 \$1,040.12 \$0.00 \$829.45 \$148,568.13
106 \$148,568.13 \$1,040.12 \$0.00 \$840.03 \$150,448.28
107 \$150,448.28 \$1,040.12 \$0.00 \$850.66 \$152,339.06
108 \$152,339.06 \$1,040.12 \$0.00 \$861.35 \$154,240.53
109 \$154,240.53 \$1,040.12 \$0.00 \$872.10 \$156,152.75
110 \$156,152.75 \$1,040.12 \$0.00 \$882.91 \$158,075.78
111 \$158,075.78 \$1,040.12 \$0.00 \$893.78 \$160,009.68
112 \$160,009.68 \$1,040.12 \$0.00 \$904.72 \$161,954.52
113 \$161,954.52 \$1,040.12 \$0.00 \$915.71 \$163,910.35
114 \$163,910.35 \$1,040.12 \$0.00 \$926.77 \$165,877.24
115 \$165,877.24 \$1,040.12 \$0.00 \$937.89 \$167,855.25
116 \$167,855.25 \$1,040.12 \$0.00 \$949.08 \$169,844.45
117 \$169,844.45 \$1,040.12 \$0.00 \$960.33 \$171,844.90
118 \$171,844.90 \$1,040.12 \$0.00 \$971.64 \$173,856.66
119 \$173,856.66 \$1,040.12 \$0.00 \$983.01 \$175,879.79
120 \$175,879.79 \$1,040.12 \$0.00 \$994.45 \$177,914.36
121 \$177,914.36 \$1,040.12 \$0.00 \$1,005.95 \$179,960.43
122 \$179,960.43 \$1,040.12 \$0.00 \$1,017.52 \$182,018.07
123 \$182,018.07 \$1,040.12 \$0.00 \$1,029.16 \$184,087.35
124 \$184,087.35 \$1,040.12 \$0.00 \$1,040.86 \$186,168.33
125 \$186,168.33 \$1,040.12 \$0.00 \$1,052.62 \$188,261.07
126 \$188,261.07 \$1,040.12 \$0.00 \$1,064.46 \$190,365.65
127 \$190,365.65 \$1,040.12 \$0.00 \$1,076.36 \$192,482.13
128 \$192,482.13 \$1,040.12 \$0.00 \$1,088.32 \$194,610.57
129 \$194,610.57 \$1,040.12 \$0.00 \$1,100.36 \$196,751.05
130 \$196,751.05 \$1,040.12 \$0.00 \$1,112.46 \$198,903.63
131 \$198,903.63 \$1,040.12 \$0.00 \$1,124.63 \$201,068.38
132 \$201,068.38 \$1,040.12 \$0.00 \$1,136.87 \$203,245.37
133 \$203,245.37 \$1,040.12 \$0.00 \$1,149.18 \$205,434.67
134 \$205,434.67 \$1,040.12 \$0.00 \$1,161.56 \$207,636.35
135 \$207,636.35 \$1,040.12 \$0.00 \$1,174.01 \$209,850.48
136 \$209,850.48 \$1,040.12 \$0.00 \$1,186.53 \$212,077.13
137 \$212,077.13 \$1,040.12 \$0.00 \$1,199.11 \$214,316.36
138 \$214,316.36 \$1,040.12 \$0.00 \$1,211.78 \$216,568.26
139 \$216,568.26 \$1,040.12 \$0.00 \$1,224.51 \$218,832.89
140 \$218,832.89 \$1,040.12 \$0.00 \$1,237.31 \$221,110.32
141 \$221,110.32 \$1,040.12 \$0.00 \$1,250.19 \$223,400.63
142 \$223,400.63 \$1,040.12 \$0.00 \$1,263.14 \$225,703.89
143 \$225,703.89 \$1,040.12 \$0.00 \$1,276.16 \$228,020.17
144 \$228,020.17 \$1,040.12 \$0.00 \$1,289.26 \$230,349.55
145 \$230,349.55 \$1,040.12 \$0.00 \$1,302.43 \$232,692.10
146 \$232,692.10 \$1,040.12 \$0.00 \$1,315.67 \$235,047.89
147 \$235,047.89 \$1,040.12 \$0.00 \$1,328.99 \$237,417.00
148 \$237,417.00 \$1,040.12 \$0.00 \$1,342.39 \$239,799.51
149 \$239,799.51 \$1,040.12 \$0.00 \$1,355.86 \$242,195.49
150 \$242,195.49 \$1,040.12 \$0.00 \$1,369.41 \$244,605.02
151 \$244,605.02 \$1,040.12 \$0.00 \$1,383.03 \$247,028.17
152 \$247,028.17 \$1,040.12 \$0.00 \$1,396.73 \$249,465.02
153 \$249,465.02 \$1,040.12 \$0.00 \$1,410.51 \$251,915.65
154 \$251,915.65 \$1,040.12 \$0.00 \$1,424.37 \$254,380.14
155 \$254,380.14 \$1,040.12 \$0.00 \$1,438.30 \$256,858.56
156 \$256,858.56 \$1,040.12 \$0.00 \$1,452.32 \$259,351.00
157 \$259,351.00 \$1,040.12 \$0.00 \$1,466.41 \$261,857.53
158 \$261,857.53 \$1,040.12 \$0.00 \$1,480.58 \$264,378.23
159 \$264,378.23 \$1,040.12 \$0.00 \$1,494.83 \$266,913.18
160 \$266,913.18 \$1,040.12 \$0.00 \$1,509.17 \$269,462.47
161 \$269,462.47 \$1,040.12 \$0.00 \$1,523.58 \$272,026.17
162 \$272,026.17 \$1,040.12 \$0.00 \$1,538.08 \$274,604.37
163 \$274,604.37 \$1,040.12 \$0.00 \$1,552.65 \$277,197.14
164 \$277,197.14 \$1,040.12 \$0.00 \$1,567.31 \$279,804.57
165 \$279,804.57 \$1,040.12 \$0.00 \$1,582.06 \$282,426.75
166 \$282,426.75 \$1,040.12 \$0.00 \$1,596.88 \$285,063.75
167 \$285,063.75 \$1,040.12 \$0.00 \$1,611.79 \$287,715.66
168 \$287,715.66 \$1,040.12 \$0.00 \$1,626.79 \$290,382.57
169 \$290,382.57 \$1,040.12 \$0.00 \$1,641.87 \$293,064.56
170 \$293,064.56 \$1,040.12 \$0.00 \$1,657.03 \$295,761.71
171 \$295,761.71 \$1,040.12 \$0.00 \$1,672.28 \$298,474.11
172 \$298,474.11 \$1,040.12 \$0.00 \$1,687.62 \$301,201.85
173 \$301,201.85 \$1,040.12 \$0.00 \$1,703.04 \$303,945.01
174 \$303,945.01 \$1,040.12 \$0.00 \$1,718.55 \$306,703.68
175 \$306,703.68 \$1,040.12 \$0.00 \$1,734.15 \$309,477.95
176 \$309,477.95 \$1,040.12 \$0.00 \$1,749.83 \$312,267.90
177 \$312,267.90 \$1,040.12 \$0.00 \$1,765.61 \$315,073.63
178 \$315,073.63 \$1,040.12 \$0.00 \$1,781.47 \$317,895.22
179 \$317,895.22 \$1,040.12 \$0.00 \$1,797.43 \$320,732.77
180 \$320,732.77 \$1,040.12 \$0.00 \$1,813.47 \$323,586.36
181 \$323,586.36 \$1,040.12 \$0.00 \$1,829.60 \$326,456.08
182 \$326,456.08 \$1,040.12 \$0.00 \$1,845.83 \$329,342.03
183 \$329,342.03 \$1,040.12 \$0.00 \$1,862.15 \$332,244.30
184 \$332,244.30 \$1,040.12 \$0.00 \$1,878.56 \$335,162.98
185 \$335,162.98 \$1,040.12 \$0.00 \$1,895.06 \$338,098.16
186 \$338,098.16 \$1,040.12 \$0.00 \$1,911.66 \$341,049.94
187 \$341,049.94 \$1,040.12 \$0.00 \$1,928.35 \$344,018.41
188 \$344,018.41 \$1,040.12 \$0.00 \$1,945.13 \$347,003.66
189 \$347,003.66 \$1,040.12 \$0.00 \$1,962.01 \$350,005.79
190 \$350,005.79 \$1,040.12 \$0.00 \$1,978.98 \$353,024.89
191 \$353,024.89 \$1,040.12 \$0.00 \$1,996.05 \$356,061.06
192 \$356,061.06 \$1,040.12 \$0.00 \$2,013.22 \$359,114.40
193 \$359,114.40 \$1,040.12 \$0.00 \$2,030.49 \$362,185.01
194 \$362,185.01 \$1,040.12 \$0.00 \$2,047.85 \$365,272.98
195 \$365,272.98 \$1,040.12 \$0.00 \$2,065.31 \$368,378.41
196 \$368,378.41 \$1,040.12 \$0.00 \$2,082.87 \$371,501.40
197 \$371,501.40 \$1,040.12 \$0.00 \$2,100.52 \$374,642.04
198 \$374,642.04 \$1,040.12 \$0.00 \$2,118.28 \$377,800.44
199 \$377,800.44 \$1,040.12 \$0.00 \$2,136.14 \$380,976.70
200 \$380,976.70 \$1,040.12 \$0.00 \$2,154.10 \$384,170.92
201 \$384,170.92 \$1,040.12 \$0.00 \$2,172.16 \$387,383.20
202 \$387,383.20 \$1,040.12 \$0.00 \$2,190.32 \$390,613.64
203 \$390,613.64 \$1,040.12 \$0.00 \$2,208.59 \$393,862.35
204 \$393,862.35 \$1,040.12 \$0.00 \$2,226.95 \$397,129.42
205 \$397,129.42 \$1,040.12 \$0.00 \$2,245.43 \$400,414.97
206 \$400,414.97 \$1,040.12 \$0.00 \$2,264.00 \$403,719.09
207 \$403,719.09 \$1,040.12 \$0.00 \$2,282.69 \$407,041.90
208 \$407,041.90 \$1,040.12 \$0.00 \$2,301.47 \$410,383.49
209 \$410,383.49 \$1,040.12 \$0.00 \$2,320.37 \$413,743.98
210 \$413,743.98 \$1,040.12 \$0.00 \$2,339.37 \$417,123.47
211 \$417,123.47 \$1,040.12 \$0.00 \$2,358.48 \$420,522.07
212 \$420,522.07 \$1,040.12 \$0.00 \$2,377.69 \$423,939.88
213 \$423,939.88 \$1,040.12 \$0.00 \$2,397.02 \$427,377.02
214 \$427,377.02 \$1,040.12 \$0.00 \$2,416.45 \$430,833.59
215 \$430,833.59 \$1,040.12 \$0.00 \$2,436.00 \$434,309.71
216 \$434,309.71 \$1,040.12 \$0.00 \$2,455.65 \$437,805.48
217 \$437,805.48 \$1,040.12 \$121,943.40 \$2,475.42 \$319,377.62
218 \$319,377.62 \$1,040.12 \$0.00 \$1,805.81 \$322,223.55
219 \$322,223.55 \$1,040.12 \$0.00 \$1,821.90 \$325,085.57
220 \$325,085.57 \$1,040.12 \$0.00 \$1,838.08 \$327,963.77
221 \$327,963.77 \$1,040.12 \$0.00 \$1,854.35 \$330,858.24
222 \$330,858.24 \$1,040.12 \$0.00 \$1,870.72 \$333,769.08
223 \$333,769.08 \$1,040.12 \$0.00 \$1,887.18 \$336,696.38
224 \$336,696.38 \$1,040.12 \$0.00 \$1,903.73 \$339,640.23
225 \$339,640.23 \$1,040.12 \$0.00 \$1,920.38 \$342,600.73
226 \$342,600.73 \$1,040.12 \$0.00 \$1,937.11 \$345,577.96
227 \$345,577.96 \$1,040.12 \$0.00 \$1,953.95 \$348,572.03
228 \$348,572.03 \$1,040.12 \$0.00 \$1,970.88 \$351,583.03
229 \$351,583.03 \$1,040.12 \$128,040.57 \$1,987.90 \$226,570.48
230 \$226,570.48 \$1,040.12 \$0.00 \$1,281.06 \$228,891.66
231 \$228,891.66 \$1,040.12 \$0.00 \$1,294.19 \$231,225.97
232 \$231,225.97 \$1,040.12 \$0.00 \$1,307.39 \$233,573.48
233 \$233,573.48 \$1,040.12 \$0.00 \$1,320.66 \$235,934.26
234 \$235,934.26 \$1,040.12 \$0.00 \$1,334.01 \$238,308.39
235 \$238,308.39 \$1,040.12 \$0.00 \$1,347.43 \$240,695.94
236 \$240,695.94 \$1,040.12 \$0.00 \$1,360.93 \$243,096.99
237 \$243,096.99 \$1,040.12 \$0.00 \$1,374.51 \$245,511.62
238 \$245,511.62 \$1,040.12 \$0.00 \$1,388.16 \$247,939.90
239 \$247,939.90 \$1,040.12 \$0.00 \$1,401.89 \$250,381.91
240 \$250,381.91 \$1,040.12 \$0.00 \$1,415.70 \$252,837.73
241 \$252,837.73 \$1,040.12 \$134,442.59 \$1,429.58 \$120,864.84
242 \$120,864.84 \$1,040.12 \$0.00 \$683.39 \$122,588.35
243 \$122,588.35 \$1,040.12 \$0.00 \$693.13 \$124,321.60
244 \$124,321.60 \$1,040.12 \$0.00 \$702.93 \$126,064.65
245 \$126,064.65 \$1,040.12 \$0.00 \$712.79 \$127,817.56
246 \$127,817.56 \$1,040.12 \$0.00 \$722.70 \$129,580.38
247 \$129,580.38 \$1,040.12 \$0.00 \$732.67 \$131,353.17
248 \$131,353.17 \$1,040.12 \$0.00 \$742.69 \$133,135.98
249 \$133,135.98 \$1,040.12 \$0.00 \$752.77 \$134,928.87
250 \$134,928.87 \$1,040.12 \$0.00 \$762.91 \$136,731.90
251 \$136,731.90 \$1,040.12 \$0.00 \$773.10 \$138,545.12
252 \$138,545.12 \$1,040.12 \$0.00 \$783.35 \$140,368.59
253 \$140,368.59 \$0.00 \$141,164.72 \$793.66 (\$2.47)