Savings Plan and Future Cost Estimation for Harvard University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$202,343
Monthly savings required$1,602

How much will it cost to send your child to Harvard University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $809,371.16 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,601.71 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$78,028.00
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 $1,601.71 $0.00 $0.00 $1,601.71
2 $1,601.71 $1,601.71 $0.00 $9.06 $3,212.48
3 $3,212.48 $1,601.71 $0.00 $18.16 $4,832.35
4 $4,832.35 $1,601.71 $0.00 $27.32 $6,461.38
5 $6,461.38 $1,601.71 $0.00 $36.53 $8,099.62
6 $8,099.62 $1,601.71 $0.00 $45.80 $9,747.13
7 $9,747.13 $1,601.71 $0.00 $55.11 $11,403.95
8 $11,403.95 $1,601.71 $0.00 $64.48 $13,070.14
9 $13,070.14 $1,601.71 $0.00 $73.90 $14,745.75
10 $14,745.75 $1,601.71 $0.00 $83.37 $16,430.83
11 $16,430.83 $1,601.71 $0.00 $92.90 $18,125.44
12 $18,125.44 $1,601.71 $0.00 $102.48 $19,829.63
13 $19,829.63 $1,601.71 $0.00 $112.12 $21,543.46
14 $21,543.46 $1,601.71 $0.00 $121.81 $23,266.98
15 $23,266.98 $1,601.71 $0.00 $131.55 $25,000.24
16 $25,000.24 $1,601.71 $0.00 $141.35 $26,743.30
17 $26,743.30 $1,601.71 $0.00 $151.21 $28,496.22
18 $28,496.22 $1,601.71 $0.00 $161.12 $30,259.05
19 $30,259.05 $1,601.71 $0.00 $171.09 $32,031.85
20 $32,031.85 $1,601.71 $0.00 $181.11 $33,814.67
21 $33,814.67 $1,601.71 $0.00 $191.19 $35,607.57
22 $35,607.57 $1,601.71 $0.00 $201.33 $37,410.61
23 $37,410.61 $1,601.71 $0.00 $211.53 $39,223.85
24 $39,223.85 $1,601.71 $0.00 $221.78 $41,047.34
25 $41,047.34 $1,601.71 $0.00 $232.09 $42,881.14
26 $42,881.14 $1,601.71 $0.00 $242.46 $44,725.31
27 $44,725.31 $1,601.71 $0.00 $252.88 $46,579.90
28 $46,579.90 $1,601.71 $0.00 $263.37 $48,444.98
29 $48,444.98 $1,601.71 $0.00 $273.91 $50,320.60
30 $50,320.60 $1,601.71 $0.00 $284.52 $52,206.83
31 $52,206.83 $1,601.71 $0.00 $295.19 $54,103.73
32 $54,103.73 $1,601.71 $0.00 $305.91 $56,011.35
33 $56,011.35 $1,601.71 $0.00 $316.70 $57,929.76
34 $57,929.76 $1,601.71 $0.00 $327.54 $59,859.01
35 $59,859.01 $1,601.71 $0.00 $338.45 $61,799.17
36 $61,799.17 $1,601.71 $0.00 $349.42 $63,750.30
37 $63,750.30 $1,601.71 $0.00 $360.45 $65,712.46
38 $65,712.46 $1,601.71 $0.00 $371.55 $67,685.72
39 $67,685.72 $1,601.71 $0.00 $382.70 $69,670.13
40 $69,670.13 $1,601.71 $0.00 $393.93 $71,665.77
41 $71,665.77 $1,601.71 $0.00 $405.21 $73,672.69
42 $73,672.69 $1,601.71 $0.00 $416.56 $75,690.96
43 $75,690.96 $1,601.71 $0.00 $427.97 $77,720.64
44 $77,720.64 $1,601.71 $0.00 $439.44 $79,761.79
45 $79,761.79 $1,601.71 $0.00 $450.98 $81,814.48
46 $81,814.48 $1,601.71 $0.00 $462.59 $83,878.78
47 $83,878.78 $1,601.71 $0.00 $474.26 $85,954.75
48 $85,954.75 $1,601.71 $0.00 $486.00 $88,042.46
49 $88,042.46 $1,601.71 $0.00 $497.80 $90,141.97
50 $90,141.97 $1,601.71 $0.00 $509.68 $92,253.36
51 $92,253.36 $1,601.71 $0.00 $521.61 $94,376.68
52 $94,376.68 $1,601.71 $0.00 $533.62 $96,512.01
53 $96,512.01 $1,601.71 $0.00 $545.69 $98,659.41
54 $98,659.41 $1,601.71 $0.00 $557.83 $100,818.95
55 $100,818.95 $1,601.71 $0.00 $570.05 $102,990.71
56 $102,990.71 $1,601.71 $0.00 $582.32 $105,174.74
57 $105,174.74 $1,601.71 $0.00 $594.67 $107,371.12
58 $107,371.12 $1,601.71 $0.00 $607.09 $109,579.92
59 $109,579.92 $1,601.71 $0.00 $619.58 $111,801.21
60 $111,801.21 $1,601.71 $0.00 $632.14 $114,035.06
61 $114,035.06 $1,601.71 $0.00 $644.77 $116,281.54
62 $116,281.54 $1,601.71 $0.00 $657.47 $118,540.72
63 $118,540.72 $1,601.71 $0.00 $670.25 $120,812.68
64 $120,812.68 $1,601.71 $0.00 $683.09 $123,097.48
65 $123,097.48 $1,601.71 $0.00 $696.01 $125,395.20
66 $125,395.20 $1,601.71 $0.00 $709.00 $127,705.91
67 $127,705.91 $1,601.71 $0.00 $722.07 $130,029.69
68 $130,029.69 $1,601.71 $0.00 $735.21 $132,366.61
69 $132,366.61 $1,601.71 $0.00 $748.42 $134,716.74
70 $134,716.74 $1,601.71 $0.00 $761.71 $137,080.16
71 $137,080.16 $1,601.71 $0.00 $775.07 $139,456.94
72 $139,456.94 $1,601.71 $0.00 $788.51 $141,847.16
73 $141,847.16 $1,601.71 $0.00 $802.02 $144,250.89
74 $144,250.89 $1,601.71 $0.00 $815.62 $146,668.22
75 $146,668.22 $1,601.71 $0.00 $829.28 $149,099.21
76 $149,099.21 $1,601.71 $0.00 $843.03 $151,543.95
77 $151,543.95 $1,601.71 $0.00 $856.85 $154,002.51
78 $154,002.51 $1,601.71 $0.00 $870.75 $156,474.97
79 $156,474.97 $1,601.71 $0.00 $884.73 $158,961.41
80 $158,961.41 $1,601.71 $0.00 $898.79 $161,461.91
81 $161,461.91 $1,601.71 $0.00 $912.93 $163,976.55
82 $163,976.55 $1,601.71 $0.00 $927.15 $166,505.41
83 $166,505.41 $1,601.71 $0.00 $941.45 $169,048.57
84 $169,048.57 $1,601.71 $0.00 $955.83 $171,606.11
85 $171,606.11 $1,601.71 $0.00 $970.29 $174,178.11
86 $174,178.11 $1,601.71 $0.00 $984.83 $176,764.65
87 $176,764.65 $1,601.71 $0.00 $999.45 $179,365.81
88 $179,365.81 $1,601.71 $0.00 $1,014.16 $181,981.68
89 $181,981.68 $1,601.71 $0.00 $1,028.95 $184,612.34
90 $184,612.34 $1,601.71 $0.00 $1,043.83 $187,257.88
91 $187,257.88 $1,601.71 $0.00 $1,058.78 $189,918.37
92 $189,918.37 $1,601.71 $0.00 $1,073.83 $192,593.91
93 $192,593.91 $1,601.71 $0.00 $1,088.95 $195,284.57
94 $195,284.57 $1,601.71 $0.00 $1,104.17 $197,990.45
95 $197,990.45 $1,601.71 $0.00 $1,119.47 $200,711.63
96 $200,711.63 $1,601.71 $0.00 $1,134.85 $203,448.19
97 $203,448.19 $1,601.71 $0.00 $1,150.33 $206,200.23
98 $206,200.23 $1,601.71 $0.00 $1,165.89 $208,967.83
99 $208,967.83 $1,601.71 $0.00 $1,181.53 $211,751.07
100 $211,751.07 $1,601.71 $0.00 $1,197.27 $214,550.05
101 $214,550.05 $1,601.71 $0.00 $1,213.10 $217,364.86
102 $217,364.86 $1,601.71 $0.00 $1,229.01 $220,195.58
103 $220,195.58 $1,601.71 $0.00 $1,245.02 $223,042.31
104 $223,042.31 $1,601.71 $0.00 $1,261.11 $225,905.13
105 $225,905.13 $1,601.71 $0.00 $1,277.30 $228,784.14
106 $228,784.14 $1,601.71 $0.00 $1,293.58 $231,679.43
107 $231,679.43 $1,601.71 $0.00 $1,309.95 $234,591.09
108 $234,591.09 $1,601.71 $0.00 $1,326.41 $237,519.21
109 $237,519.21 $1,601.71 $0.00 $1,342.97 $240,463.89
110 $240,463.89 $1,601.71 $0.00 $1,359.62 $243,425.22
111 $243,425.22 $1,601.71 $0.00 $1,376.36 $246,403.29
112 $246,403.29 $1,601.71 $0.00 $1,393.20 $249,398.20
113 $249,398.20 $1,601.71 $0.00 $1,410.13 $252,410.04
114 $252,410.04 $1,601.71 $0.00 $1,427.16 $255,438.91
115 $255,438.91 $1,601.71 $0.00 $1,444.29 $258,484.91
116 $258,484.91 $1,601.71 $0.00 $1,461.51 $261,548.13
117 $261,548.13 $1,601.71 $0.00 $1,478.83 $264,628.67
118 $264,628.67 $1,601.71 $0.00 $1,496.25 $267,726.63
119 $267,726.63 $1,601.71 $0.00 $1,513.77 $270,842.11
120 $270,842.11 $1,601.71 $0.00 $1,531.38 $273,975.20
121 $273,975.20 $1,601.71 $0.00 $1,549.10 $277,126.01
122 $277,126.01 $1,601.71 $0.00 $1,566.91 $280,294.63
123 $280,294.63 $1,601.71 $0.00 $1,584.83 $283,481.17
124 $283,481.17 $1,601.71 $0.00 $1,602.84 $286,685.72
125 $286,685.72 $1,601.71 $0.00 $1,620.96 $289,908.39
126 $289,908.39 $1,601.71 $0.00 $1,639.18 $293,149.28
127 $293,149.28 $1,601.71 $0.00 $1,657.51 $296,408.50
128 $296,408.50 $1,601.71 $0.00 $1,675.94 $299,686.15
129 $299,686.15 $1,601.71 $0.00 $1,694.47 $302,982.33
130 $302,982.33 $1,601.71 $0.00 $1,713.11 $306,297.15
131 $306,297.15 $1,601.71 $0.00 $1,731.85 $309,630.71
132 $309,630.71 $1,601.71 $0.00 $1,750.70 $312,983.12
133 $312,983.12 $1,601.71 $0.00 $1,769.65 $316,354.48
134 $316,354.48 $1,601.71 $0.00 $1,788.71 $319,744.90
135 $319,744.90 $1,601.71 $0.00 $1,807.88 $323,154.49
136 $323,154.49 $1,601.71 $0.00 $1,827.16 $326,583.36
137 $326,583.36 $1,601.71 $0.00 $1,846.55 $330,031.62
138 $330,031.62 $1,601.71 $0.00 $1,866.05 $333,499.38
139 $333,499.38 $1,601.71 $0.00 $1,885.65 $336,986.74
140 $336,986.74 $1,601.71 $0.00 $1,905.37 $340,493.82
141 $340,493.82 $1,601.71 $0.00 $1,925.20 $344,020.73
142 $344,020.73 $1,601.71 $0.00 $1,945.14 $347,567.58
143 $347,567.58 $1,601.71 $0.00 $1,965.20 $351,134.49
144 $351,134.49 $1,601.71 $0.00 $1,985.37 $354,721.57
145 $354,721.57 $1,601.71 $0.00 $2,005.65 $358,328.93
146 $358,328.93 $1,601.71 $0.00 $2,026.04 $361,956.68
147 $361,956.68 $1,601.71 $0.00 $2,046.56 $365,604.95
148 $365,604.95 $1,601.71 $0.00 $2,067.18 $369,273.84
149 $369,273.84 $1,601.71 $0.00 $2,087.93 $372,963.48
150 $372,963.48 $1,601.71 $0.00 $2,108.79 $376,673.98
151 $376,673.98 $1,601.71 $0.00 $2,129.77 $380,405.46
152 $380,405.46 $1,601.71 $0.00 $2,150.87 $384,158.04
153 $384,158.04 $1,601.71 $0.00 $2,172.09 $387,931.84
154 $387,931.84 $1,601.71 $0.00 $2,193.42 $391,726.97
155 $391,726.97 $1,601.71 $0.00 $2,214.88 $395,543.56
156 $395,543.56 $1,601.71 $0.00 $2,236.46 $399,381.73
157 $399,381.73 $1,601.71 $0.00 $2,258.16 $403,241.60
158 $403,241.60 $1,601.71 $0.00 $2,279.99 $407,123.30
159 $407,123.30 $1,601.71 $0.00 $2,301.93 $411,026.94
160 $411,026.94 $1,601.71 $0.00 $2,324.01 $414,952.66
161 $414,952.66 $1,601.71 $0.00 $2,346.20 $418,900.57
162 $418,900.57 $1,601.71 $0.00 $2,368.52 $422,870.80
163 $422,870.80 $1,601.71 $0.00 $2,390.97 $426,863.48
164 $426,863.48 $1,601.71 $0.00 $2,413.55 $430,878.74
165 $430,878.74 $1,601.71 $0.00 $2,436.25 $434,916.70
166 $434,916.70 $1,601.71 $0.00 $2,459.08 $438,977.49
167 $438,977.49 $1,601.71 $0.00 $2,482.04 $443,061.24
168 $443,061.24 $1,601.71 $0.00 $2,505.13 $447,168.08
169 $447,168.08 $1,601.71 $0.00 $2,528.35 $451,298.14
170 $451,298.14 $1,601.71 $0.00 $2,551.71 $455,451.56
171 $455,451.56 $1,601.71 $0.00 $2,575.19 $459,628.46
172 $459,628.46 $1,601.71 $0.00 $2,598.81 $463,828.98
173 $463,828.98 $1,601.71 $0.00 $2,622.56 $468,053.25
174 $468,053.25 $1,601.71 $0.00 $2,646.44 $472,301.40
175 $472,301.40 $1,601.71 $0.00 $2,670.46 $476,573.57
176 $476,573.57 $1,601.71 $0.00 $2,694.62 $480,869.90
177 $480,869.90 $1,601.71 $0.00 $2,718.91 $485,190.52
178 $485,190.52 $1,601.71 $0.00 $2,743.34 $489,535.57
179 $489,535.57 $1,601.71 $0.00 $2,767.91 $493,905.19
180 $493,905.19 $1,601.71 $0.00 $2,792.61 $498,299.51
181 $498,299.51 $1,601.71 $0.00 $2,817.46 $502,718.68
182 $502,718.68 $1,601.71 $0.00 $2,842.44 $507,162.83
183 $507,162.83 $1,601.71 $0.00 $2,867.57 $511,632.11
184 $511,632.11 $1,601.71 $0.00 $2,892.84 $516,126.66
185 $516,126.66 $1,601.71 $0.00 $2,918.26 $520,646.63
186 $520,646.63 $1,601.71 $0.00 $2,943.81 $525,192.15
187 $525,192.15 $1,601.71 $0.00 $2,969.51 $529,763.37
188 $529,763.37 $1,601.71 $0.00 $2,995.36 $534,360.44
189 $534,360.44 $1,601.71 $0.00 $3,021.35 $538,983.50
190 $538,983.50 $1,601.71 $0.00 $3,047.49 $543,632.70
191 $543,632.70 $1,601.71 $0.00 $3,073.78 $548,308.19
192 $548,308.19 $1,601.71 $0.00 $3,100.21 $553,010.11
193 $553,010.11 $1,601.71 $0.00 $3,126.80 $557,738.62
194 $557,738.62 $1,601.71 $0.00 $3,153.54 $562,493.87
195 $562,493.87 $1,601.71 $0.00 $3,180.42 $567,276.00
196 $567,276.00 $1,601.71 $0.00 $3,207.46 $572,085.17
197 $572,085.17 $1,601.71 $0.00 $3,234.65 $576,921.53
198 $576,921.53 $1,601.71 $0.00 $3,262.00 $581,785.24
199 $581,785.24 $1,601.71 $0.00 $3,289.50 $586,676.45
200 $586,676.45 $1,601.71 $0.00 $3,317.15 $591,595.31
201 $591,595.31 $1,601.71 $0.00 $3,344.97 $596,541.99
202 $596,541.99 $1,601.71 $0.00 $3,372.94 $601,516.64
203 $601,516.64 $1,601.71 $0.00 $3,401.06 $606,519.41
204 $606,519.41 $1,601.71 $0.00 $3,429.35 $611,550.47
205 $611,550.47 $1,601.71 $0.00 $3,457.80 $616,609.98
206 $616,609.98 $1,601.71 $0.00 $3,486.40 $621,698.09
207 $621,698.09 $1,601.71 $0.00 $3,515.17 $626,814.97
208 $626,814.97 $1,601.71 $0.00 $3,544.10 $631,960.78
209 $631,960.78 $1,601.71 $0.00 $3,573.20 $637,135.69
210 $637,135.69 $1,601.71 $0.00 $3,602.46 $642,339.86
211 $642,339.86 $1,601.71 $0.00 $3,631.88 $647,573.45
212 $647,573.45 $1,601.71 $0.00 $3,661.47 $652,836.63
213 $652,836.63 $1,601.71 $0.00 $3,691.23 $658,129.57
214 $658,129.57 $1,601.71 $0.00 $3,721.16 $663,452.44
215 $663,452.44 $1,601.71 $0.00 $3,751.26 $668,805.41
216 $668,805.41 $1,601.71 $0.00 $3,781.52 $674,188.64
217 $674,188.64 $1,601.71 $187,783.69 $3,811.96 $491,818.62
218 $491,818.62 $1,601.71 $0.00 $2,780.81 $496,201.14
219 $496,201.14 $1,601.71 $0.00 $2,805.59 $500,608.44
220 $500,608.44 $1,601.71 $0.00 $2,830.51 $505,040.66
221 $505,040.66 $1,601.71 $0.00 $2,855.57 $509,497.94
222 $509,497.94 $1,601.71 $0.00 $2,880.78 $513,980.43
223 $513,980.43 $1,601.71 $0.00 $2,906.12 $518,488.26
224 $518,488.26 $1,601.71 $0.00 $2,931.61 $523,021.58
225 $523,021.58 $1,601.71 $0.00 $2,957.24 $527,580.53
226 $527,580.53 $1,601.71 $0.00 $2,983.02 $532,165.26
227 $532,165.26 $1,601.71 $0.00 $3,008.94 $536,775.91
228 $536,775.91 $1,601.71 $0.00 $3,035.01 $541,412.63
229 $541,412.63 $1,601.71 $197,172.87 $3,061.23 $348,902.70
230 $348,902.70 $1,601.71 $0.00 $1,972.75 $352,477.16
231 $352,477.16 $1,601.71 $0.00 $1,992.96 $356,071.83
232 $356,071.83 $1,601.71 $0.00 $2,013.28 $359,686.82
233 $359,686.82 $1,601.71 $0.00 $2,033.72 $363,322.25
234 $363,322.25 $1,601.71 $0.00 $2,054.28 $366,978.24
235 $366,978.24 $1,601.71 $0.00 $2,074.95 $370,654.90
236 $370,654.90 $1,601.71 $0.00 $2,095.74 $374,352.35
237 $374,352.35 $1,601.71 $0.00 $2,116.64 $378,070.70
238 $378,070.70 $1,601.71 $0.00 $2,137.67 $381,810.08
239 $381,810.08 $1,601.71 $0.00 $2,158.81 $385,570.60
240 $385,570.60 $1,601.71 $0.00 $2,180.07 $389,352.38
241 $389,352.38 $1,601.71 $207,031.51 $2,201.45 $186,124.03
242 $186,124.03 $1,601.71 $0.00 $1,052.37 $188,778.11
243 $188,778.11 $1,601.71 $0.00 $1,067.38 $191,447.20
244 $191,447.20 $1,601.71 $0.00 $1,082.47 $194,131.38
245 $194,131.38 $1,601.71 $0.00 $1,097.65 $196,830.74
246 $196,830.74 $1,601.71 $0.00 $1,112.91 $199,545.36
247 $199,545.36 $1,601.71 $0.00 $1,128.26 $202,275.33
248 $202,275.33 $1,601.71 $0.00 $1,143.69 $205,020.73
249 $205,020.73 $1,601.71 $0.00 $1,159.22 $207,781.66
250 $207,781.66 $1,601.71 $0.00 $1,174.83 $210,558.20
251 $210,558.20 $1,601.71 $0.00 $1,190.53 $213,350.44
252 $213,350.44 $1,601.71 $0.00 $1,206.31 $216,158.46
253 $216,158.46 $0.00 $217,383.09 $1,222.19 ($2.44)