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 2039$191,379
Monthly savings required$1,515

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 $765,514.83 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,514.91 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$73,800.00
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 $1,514.91 $0.00 $0.00 $1,514.91
2 $1,514.91 $1,514.91 $0.00 $8.57 $3,038.39
3 $3,038.39 $1,514.91 $0.00 $17.18 $4,570.48
4 $4,570.48 $1,514.91 $0.00 $25.84 $6,111.23
5 $6,111.23 $1,514.91 $0.00 $34.55 $7,660.69
6 $7,660.69 $1,514.91 $0.00 $43.31 $9,218.91
7 $9,218.91 $1,514.91 $0.00 $52.13 $10,785.95
8 $10,785.95 $1,514.91 $0.00 $60.99 $12,361.85
9 $12,361.85 $1,514.91 $0.00 $69.90 $13,946.66
10 $13,946.66 $1,514.91 $0.00 $78.86 $15,540.43
11 $15,540.43 $1,514.91 $0.00 $87.87 $17,143.21
12 $17,143.21 $1,514.91 $0.00 $96.93 $18,755.05
13 $18,755.05 $1,514.91 $0.00 $106.04 $20,376.00
14 $20,376.00 $1,514.91 $0.00 $115.21 $22,006.12
15 $22,006.12 $1,514.91 $0.00 $124.43 $23,645.46
16 $23,645.46 $1,514.91 $0.00 $133.69 $25,294.06
17 $25,294.06 $1,514.91 $0.00 $143.02 $26,951.99
18 $26,951.99 $1,514.91 $0.00 $152.39 $28,619.29
19 $28,619.29 $1,514.91 $0.00 $161.82 $30,296.02
20 $30,296.02 $1,514.91 $0.00 $171.30 $31,982.23
21 $31,982.23 $1,514.91 $0.00 $180.83 $33,677.97
22 $33,677.97 $1,514.91 $0.00 $190.42 $35,383.30
23 $35,383.30 $1,514.91 $0.00 $200.06 $37,098.27
24 $37,098.27 $1,514.91 $0.00 $209.76 $38,822.94
25 $38,822.94 $1,514.91 $0.00 $219.51 $40,557.36
26 $40,557.36 $1,514.91 $0.00 $229.32 $42,301.59
27 $42,301.59 $1,514.91 $0.00 $239.18 $44,055.68
28 $44,055.68 $1,514.91 $0.00 $249.10 $45,819.69
29 $45,819.69 $1,514.91 $0.00 $259.07 $47,593.67
30 $47,593.67 $1,514.91 $0.00 $269.10 $49,377.68
31 $49,377.68 $1,514.91 $0.00 $279.19 $51,171.78
32 $51,171.78 $1,514.91 $0.00 $289.33 $52,976.02
33 $52,976.02 $1,514.91 $0.00 $299.53 $54,790.46
34 $54,790.46 $1,514.91 $0.00 $309.79 $56,615.16
35 $56,615.16 $1,514.91 $0.00 $320.11 $58,450.18
36 $58,450.18 $1,514.91 $0.00 $330.49 $60,295.58
37 $60,295.58 $1,514.91 $0.00 $340.92 $62,151.41
38 $62,151.41 $1,514.91 $0.00 $351.41 $64,017.73
39 $64,017.73 $1,514.91 $0.00 $361.97 $65,894.61
40 $65,894.61 $1,514.91 $0.00 $372.58 $67,782.10
41 $67,782.10 $1,514.91 $0.00 $383.25 $69,680.26
42 $69,680.26 $1,514.91 $0.00 $393.98 $71,589.15
43 $71,589.15 $1,514.91 $0.00 $404.78 $73,508.84
44 $73,508.84 $1,514.91 $0.00 $415.63 $75,439.38
45 $75,439.38 $1,514.91 $0.00 $426.55 $77,380.84
46 $77,380.84 $1,514.91 $0.00 $437.52 $79,333.27
47 $79,333.27 $1,514.91 $0.00 $448.56 $81,296.74
48 $81,296.74 $1,514.91 $0.00 $459.66 $83,271.31
49 $83,271.31 $1,514.91 $0.00 $470.83 $85,257.05
50 $85,257.05 $1,514.91 $0.00 $482.06 $87,254.02
51 $87,254.02 $1,514.91 $0.00 $493.35 $89,262.28
52 $89,262.28 $1,514.91 $0.00 $504.70 $91,281.89
53 $91,281.89 $1,514.91 $0.00 $516.12 $93,312.92
54 $93,312.92 $1,514.91 $0.00 $527.60 $95,355.43
55 $95,355.43 $1,514.91 $0.00 $539.15 $97,409.49
56 $97,409.49 $1,514.91 $0.00 $550.77 $99,475.17
57 $99,475.17 $1,514.91 $0.00 $562.45 $101,552.53
58 $101,552.53 $1,514.91 $0.00 $574.19 $103,641.63
59 $103,641.63 $1,514.91 $0.00 $586.00 $105,742.54
60 $105,742.54 $1,514.91 $0.00 $597.88 $107,855.33
61 $107,855.33 $1,514.91 $0.00 $609.83 $109,980.07
62 $109,980.07 $1,514.91 $0.00 $621.84 $112,116.82
63 $112,116.82 $1,514.91 $0.00 $633.92 $114,265.65
64 $114,265.65 $1,514.91 $0.00 $646.07 $116,426.63
65 $116,426.63 $1,514.91 $0.00 $658.29 $118,599.83
66 $118,599.83 $1,514.91 $0.00 $670.58 $120,785.32
67 $120,785.32 $1,514.91 $0.00 $682.94 $122,983.17
68 $122,983.17 $1,514.91 $0.00 $695.36 $125,193.44
69 $125,193.44 $1,514.91 $0.00 $707.86 $127,416.21
70 $127,416.21 $1,514.91 $0.00 $720.43 $129,651.55
71 $129,651.55 $1,514.91 $0.00 $733.07 $131,899.53
72 $131,899.53 $1,514.91 $0.00 $745.78 $134,160.22
73 $134,160.22 $1,514.91 $0.00 $758.56 $136,433.69
74 $136,433.69 $1,514.91 $0.00 $771.42 $138,720.02
75 $138,720.02 $1,514.91 $0.00 $784.34 $141,019.27
76 $141,019.27 $1,514.91 $0.00 $797.34 $143,331.52
77 $143,331.52 $1,514.91 $0.00 $810.42 $145,656.85
78 $145,656.85 $1,514.91 $0.00 $823.57 $147,995.33
79 $147,995.33 $1,514.91 $0.00 $836.79 $150,347.03
80 $150,347.03 $1,514.91 $0.00 $850.08 $152,712.02
81 $152,712.02 $1,514.91 $0.00 $863.46 $155,090.39
82 $155,090.39 $1,514.91 $0.00 $876.90 $157,482.20
83 $157,482.20 $1,514.91 $0.00 $890.43 $159,887.54
84 $159,887.54 $1,514.91 $0.00 $904.03 $162,306.48
85 $162,306.48 $1,514.91 $0.00 $917.70 $164,739.09
86 $164,739.09 $1,514.91 $0.00 $931.46 $167,185.46
87 $167,185.46 $1,514.91 $0.00 $945.29 $169,645.66
88 $169,645.66 $1,514.91 $0.00 $959.20 $172,119.77
89 $172,119.77 $1,514.91 $0.00 $973.19 $174,607.87
90 $174,607.87 $1,514.91 $0.00 $987.26 $177,110.04
91 $177,110.04 $1,514.91 $0.00 $1,001.41 $179,626.36
92 $179,626.36 $1,514.91 $0.00 $1,015.63 $182,156.90
93 $182,156.90 $1,514.91 $0.00 $1,029.94 $184,701.75
94 $184,701.75 $1,514.91 $0.00 $1,044.33 $187,260.99
95 $187,260.99 $1,514.91 $0.00 $1,058.80 $189,834.70
96 $189,834.70 $1,514.91 $0.00 $1,073.35 $192,422.96
97 $192,422.96 $1,514.91 $0.00 $1,087.99 $195,025.86
98 $195,025.86 $1,514.91 $0.00 $1,102.70 $197,643.47
99 $197,643.47 $1,514.91 $0.00 $1,117.50 $200,275.88
100 $200,275.88 $1,514.91 $0.00 $1,132.39 $202,923.18
101 $202,923.18 $1,514.91 $0.00 $1,147.36 $205,585.45
102 $205,585.45 $1,514.91 $0.00 $1,162.41 $208,262.77
103 $208,262.77 $1,514.91 $0.00 $1,177.55 $210,955.23
104 $210,955.23 $1,514.91 $0.00 $1,192.77 $213,662.91
105 $213,662.91 $1,514.91 $0.00 $1,208.08 $216,385.90
106 $216,385.90 $1,514.91 $0.00 $1,223.48 $219,124.29
107 $219,124.29 $1,514.91 $0.00 $1,238.96 $221,878.16
108 $221,878.16 $1,514.91 $0.00 $1,254.53 $224,647.60
109 $224,647.60 $1,514.91 $0.00 $1,270.19 $227,432.70
110 $227,432.70 $1,514.91 $0.00 $1,285.94 $230,233.55
111 $230,233.55 $1,514.91 $0.00 $1,301.77 $233,050.23
112 $233,050.23 $1,514.91 $0.00 $1,317.70 $235,882.84
113 $235,882.84 $1,514.91 $0.00 $1,333.72 $238,731.47
114 $238,731.47 $1,514.91 $0.00 $1,349.82 $241,596.20
115 $241,596.20 $1,514.91 $0.00 $1,366.02 $244,477.13
116 $244,477.13 $1,514.91 $0.00 $1,382.31 $247,374.35
117 $247,374.35 $1,514.91 $0.00 $1,398.69 $250,287.95
118 $250,287.95 $1,514.91 $0.00 $1,415.16 $253,218.02
119 $253,218.02 $1,514.91 $0.00 $1,431.73 $256,164.66
120 $256,164.66 $1,514.91 $0.00 $1,448.39 $259,127.96
121 $259,127.96 $1,514.91 $0.00 $1,465.15 $262,108.02
122 $262,108.02 $1,514.91 $0.00 $1,482.00 $265,104.93
123 $265,104.93 $1,514.91 $0.00 $1,498.94 $268,118.78
124 $268,118.78 $1,514.91 $0.00 $1,515.98 $271,149.67
125 $271,149.67 $1,514.91 $0.00 $1,533.12 $274,197.70
126 $274,197.70 $1,514.91 $0.00 $1,550.35 $277,262.96
127 $277,262.96 $1,514.91 $0.00 $1,567.69 $280,345.56
128 $280,345.56 $1,514.91 $0.00 $1,585.11 $283,445.58
129 $283,445.58 $1,514.91 $0.00 $1,602.64 $286,563.13
130 $286,563.13 $1,514.91 $0.00 $1,620.27 $289,698.31
131 $289,698.31 $1,514.91 $0.00 $1,638.00 $292,851.22
132 $292,851.22 $1,514.91 $0.00 $1,655.82 $296,021.95
133 $296,021.95 $1,514.91 $0.00 $1,673.75 $299,210.61
134 $299,210.61 $1,514.91 $0.00 $1,691.78 $302,417.30
135 $302,417.30 $1,514.91 $0.00 $1,709.91 $305,642.12
136 $305,642.12 $1,514.91 $0.00 $1,728.14 $308,885.17
137 $308,885.17 $1,514.91 $0.00 $1,746.48 $312,146.56
138 $312,146.56 $1,514.91 $0.00 $1,764.92 $315,426.39
139 $315,426.39 $1,514.91 $0.00 $1,783.47 $318,724.77
140 $318,724.77 $1,514.91 $0.00 $1,802.12 $322,041.80
141 $322,041.80 $1,514.91 $0.00 $1,820.87 $325,377.58
142 $325,377.58 $1,514.91 $0.00 $1,839.73 $328,732.22
143 $328,732.22 $1,514.91 $0.00 $1,858.70 $332,105.83
144 $332,105.83 $1,514.91 $0.00 $1,877.77 $335,498.51
145 $335,498.51 $1,514.91 $0.00 $1,896.96 $338,910.38
146 $338,910.38 $1,514.91 $0.00 $1,916.25 $342,341.54
147 $342,341.54 $1,514.91 $0.00 $1,935.65 $345,792.10
148 $345,792.10 $1,514.91 $0.00 $1,955.16 $349,262.17
149 $349,262.17 $1,514.91 $0.00 $1,974.78 $352,751.86
150 $352,751.86 $1,514.91 $0.00 $1,994.51 $356,261.28
151 $356,261.28 $1,514.91 $0.00 $2,014.35 $359,790.54
152 $359,790.54 $1,514.91 $0.00 $2,034.31 $363,339.76
153 $363,339.76 $1,514.91 $0.00 $2,054.38 $366,909.05
154 $366,909.05 $1,514.91 $0.00 $2,074.56 $370,498.52
155 $370,498.52 $1,514.91 $0.00 $2,094.85 $374,108.28
156 $374,108.28 $1,514.91 $0.00 $2,115.26 $377,738.45
157 $377,738.45 $1,514.91 $0.00 $2,135.79 $381,389.15
158 $381,389.15 $1,514.91 $0.00 $2,156.43 $385,060.49
159 $385,060.49 $1,514.91 $0.00 $2,177.19 $388,752.59
160 $388,752.59 $1,514.91 $0.00 $2,198.06 $392,465.56
161 $392,465.56 $1,514.91 $0.00 $2,219.06 $396,199.53
162 $396,199.53 $1,514.91 $0.00 $2,240.17 $399,954.61
163 $399,954.61 $1,514.91 $0.00 $2,261.40 $403,730.92
164 $403,730.92 $1,514.91 $0.00 $2,282.75 $407,528.58
165 $407,528.58 $1,514.91 $0.00 $2,304.23 $411,347.72
166 $411,347.72 $1,514.91 $0.00 $2,325.82 $415,188.45
167 $415,188.45 $1,514.91 $0.00 $2,347.54 $419,050.90
168 $419,050.90 $1,514.91 $0.00 $2,369.37 $422,935.18
169 $422,935.18 $1,514.91 $0.00 $2,391.34 $426,841.43
170 $426,841.43 $1,514.91 $0.00 $2,413.42 $430,769.76
171 $430,769.76 $1,514.91 $0.00 $2,435.63 $434,720.30
172 $434,720.30 $1,514.91 $0.00 $2,457.97 $438,693.18
173 $438,693.18 $1,514.91 $0.00 $2,480.44 $442,688.53
174 $442,688.53 $1,514.91 $0.00 $2,503.03 $446,706.47
175 $446,706.47 $1,514.91 $0.00 $2,525.74 $450,747.12
176 $450,747.12 $1,514.91 $0.00 $2,548.59 $454,810.62
177 $454,810.62 $1,514.91 $0.00 $2,571.57 $458,897.10
178 $458,897.10 $1,514.91 $0.00 $2,594.67 $463,006.68
179 $463,006.68 $1,514.91 $0.00 $2,617.91 $467,139.50
180 $467,139.50 $1,514.91 $0.00 $2,641.27 $471,295.68
181 $471,295.68 $1,514.91 $0.00 $2,664.77 $475,475.36
182 $475,475.36 $1,514.91 $0.00 $2,688.41 $479,678.68
183 $479,678.68 $1,514.91 $0.00 $2,712.17 $483,905.76
184 $483,905.76 $1,514.91 $0.00 $2,736.07 $488,156.74
185 $488,156.74 $1,514.91 $0.00 $2,760.11 $492,431.76
186 $492,431.76 $1,514.91 $0.00 $2,784.28 $496,730.95
187 $496,730.95 $1,514.91 $0.00 $2,808.59 $501,054.45
188 $501,054.45 $1,514.91 $0.00 $2,833.03 $505,402.39
189 $505,402.39 $1,514.91 $0.00 $2,857.62 $509,774.92
190 $509,774.92 $1,514.91 $0.00 $2,882.34 $514,172.17
191 $514,172.17 $1,514.91 $0.00 $2,907.20 $518,594.28
192 $518,594.28 $1,514.91 $0.00 $2,932.21 $523,041.40
193 $523,041.40 $1,514.91 $0.00 $2,957.35 $527,513.66
194 $527,513.66 $1,514.91 $0.00 $2,982.64 $532,011.21
195 $532,011.21 $1,514.91 $0.00 $3,008.07 $536,534.19
196 $536,534.19 $1,514.91 $0.00 $3,033.64 $541,082.74
197 $541,082.74 $1,514.91 $0.00 $3,059.36 $545,657.01
198 $545,657.01 $1,514.91 $0.00 $3,085.22 $550,257.14
199 $550,257.14 $1,514.91 $0.00 $3,111.23 $554,883.28
200 $554,883.28 $1,514.91 $0.00 $3,137.39 $559,535.58
201 $559,535.58 $1,514.91 $0.00 $3,163.70 $564,214.19
202 $564,214.19 $1,514.91 $0.00 $3,190.15 $568,919.25
203 $568,919.25 $1,514.91 $0.00 $3,216.75 $573,650.91
204 $573,650.91 $1,514.91 $0.00 $3,243.51 $578,409.33
205 $578,409.33 $1,514.91 $0.00 $3,270.41 $583,194.65
206 $583,194.65 $1,514.91 $0.00 $3,297.47 $588,007.03
207 $588,007.03 $1,514.91 $0.00 $3,324.68 $592,846.62
208 $592,846.62 $1,514.91 $0.00 $3,352.04 $597,713.57
209 $597,713.57 $1,514.91 $0.00 $3,379.56 $602,608.04
210 $602,608.04 $1,514.91 $0.00 $3,407.23 $607,530.18
211 $607,530.18 $1,514.91 $0.00 $3,435.06 $612,480.15
212 $612,480.15 $1,514.91 $0.00 $3,463.05 $617,458.11
213 $617,458.11 $1,514.91 $0.00 $3,491.20 $622,464.22
214 $622,464.22 $1,514.91 $0.00 $3,519.50 $627,498.63
215 $627,498.63 $1,514.91 $0.00 $3,547.97 $632,561.51
216 $632,561.51 $1,514.91 $0.00 $3,576.59 $637,653.01
217 $637,653.01 $1,514.91 $177,608.50 $3,605.38 $465,164.80
218 $465,164.80 $1,514.91 $0.00 $2,630.11 $469,309.82
219 $469,309.82 $1,514.91 $0.00 $2,653.55 $473,478.28
220 $473,478.28 $1,514.91 $0.00 $2,677.12 $477,670.31
221 $477,670.31 $1,514.91 $0.00 $2,700.82 $481,886.04
222 $481,886.04 $1,514.91 $0.00 $2,724.65 $486,125.60
223 $486,125.60 $1,514.91 $0.00 $2,748.62 $490,389.13
224 $490,389.13 $1,514.91 $0.00 $2,772.73 $494,676.77
225 $494,676.77 $1,514.91 $0.00 $2,796.97 $498,988.65
226 $498,988.65 $1,514.91 $0.00 $2,821.35 $503,324.91
227 $503,324.91 $1,514.91 $0.00 $2,845.87 $507,685.69
228 $507,685.69 $1,514.91 $0.00 $2,870.53 $512,071.13
229 $512,071.13 $1,514.91 $186,488.92 $2,895.32 $329,992.44
230 $329,992.44 $1,514.91 $0.00 $1,865.83 $333,373.18
231 $333,373.18 $1,514.91 $0.00 $1,884.94 $336,773.03
232 $336,773.03 $1,514.91 $0.00 $1,904.16 $340,192.10
233 $340,192.10 $1,514.91 $0.00 $1,923.50 $343,630.51
234 $343,630.51 $1,514.91 $0.00 $1,942.94 $347,088.36
235 $347,088.36 $1,514.91 $0.00 $1,962.49 $350,565.76
236 $350,565.76 $1,514.91 $0.00 $1,982.15 $354,062.82
237 $354,062.82 $1,514.91 $0.00 $2,001.92 $357,579.65
238 $357,579.65 $1,514.91 $0.00 $2,021.81 $361,116.37
239 $361,116.37 $1,514.91 $0.00 $2,041.80 $364,673.08
240 $364,673.08 $1,514.91 $0.00 $2,061.91 $368,249.90
241 $368,249.90 $1,514.91 $195,813.37 $2,082.14 $176,033.58
242 $176,033.58 $1,514.91 $0.00 $995.32 $178,543.81
243 $178,543.81 $1,514.91 $0.00 $1,009.51 $181,068.23
244 $181,068.23 $1,514.91 $0.00 $1,023.79 $183,606.93
245 $183,606.93 $1,514.91 $0.00 $1,038.14 $186,159.98
246 $186,159.98 $1,514.91 $0.00 $1,052.58 $188,727.47
247 $188,727.47 $1,514.91 $0.00 $1,067.09 $191,309.47
248 $191,309.47 $1,514.91 $0.00 $1,081.69 $193,906.07
249 $193,906.07 $1,514.91 $0.00 $1,096.37 $196,517.35
250 $196,517.35 $1,514.91 $0.00 $1,111.14 $199,143.40
251 $199,143.40 $1,514.91 $0.00 $1,125.99 $201,784.30
252 $201,784.30 $1,514.91 $0.00 $1,140.92 $204,440.13
253 $204,440.13 $0.00 $205,604.04 $1,155.93 ($7.98)