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 2040$196,801
Monthly savings required$1,558

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 $787,204.42 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,557.85 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$75,891.00
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 $1,557.85 $0.00 $0.00 $1,557.85
2 $1,557.85 $1,557.85 $0.00 $8.81 $3,124.51
3 $3,124.51 $1,557.85 $0.00 $17.67 $4,700.03
4 $4,700.03 $1,557.85 $0.00 $26.57 $6,284.45
5 $6,284.45 $1,557.85 $0.00 $35.53 $7,877.83
6 $7,877.83 $1,557.85 $0.00 $44.54 $9,480.22
7 $9,480.22 $1,557.85 $0.00 $53.60 $11,091.67
8 $11,091.67 $1,557.85 $0.00 $62.71 $12,712.23
9 $12,712.23 $1,557.85 $0.00 $71.88 $14,341.96
10 $14,341.96 $1,557.85 $0.00 $81.09 $15,980.90
11 $15,980.90 $1,557.85 $0.00 $90.36 $17,629.11
12 $17,629.11 $1,557.85 $0.00 $99.68 $19,286.64
13 $19,286.64 $1,557.85 $0.00 $109.05 $20,953.54
14 $20,953.54 $1,557.85 $0.00 $118.47 $22,629.86
15 $22,629.86 $1,557.85 $0.00 $127.95 $24,315.66
16 $24,315.66 $1,557.85 $0.00 $137.48 $26,010.99
17 $26,010.99 $1,557.85 $0.00 $147.07 $27,715.91
18 $27,715.91 $1,557.85 $0.00 $156.71 $29,430.47
19 $29,430.47 $1,557.85 $0.00 $166.40 $31,154.72
20 $31,154.72 $1,557.85 $0.00 $176.15 $32,888.72
21 $32,888.72 $1,557.85 $0.00 $185.96 $34,632.53
22 $34,632.53 $1,557.85 $0.00 $195.82 $36,386.20
23 $36,386.20 $1,557.85 $0.00 $205.73 $38,149.78
24 $38,149.78 $1,557.85 $0.00 $215.70 $39,923.33
25 $39,923.33 $1,557.85 $0.00 $225.73 $41,706.91
26 $41,706.91 $1,557.85 $0.00 $235.82 $43,500.58
27 $43,500.58 $1,557.85 $0.00 $245.96 $45,304.39
28 $45,304.39 $1,557.85 $0.00 $256.16 $47,118.40
29 $47,118.40 $1,557.85 $0.00 $266.41 $48,942.66
30 $48,942.66 $1,557.85 $0.00 $276.73 $50,777.24
31 $50,777.24 $1,557.85 $0.00 $287.10 $52,622.19
32 $52,622.19 $1,557.85 $0.00 $297.53 $54,477.57
33 $54,477.57 $1,557.85 $0.00 $308.02 $56,343.44
34 $56,343.44 $1,557.85 $0.00 $318.57 $58,219.86
35 $58,219.86 $1,557.85 $0.00 $329.18 $60,106.89
36 $60,106.89 $1,557.85 $0.00 $339.85 $62,004.59
37 $62,004.59 $1,557.85 $0.00 $350.58 $63,913.02
38 $63,913.02 $1,557.85 $0.00 $361.37 $65,832.24
39 $65,832.24 $1,557.85 $0.00 $372.23 $67,762.32
40 $67,762.32 $1,557.85 $0.00 $383.14 $69,703.31
41 $69,703.31 $1,557.85 $0.00 $394.11 $71,655.27
42 $71,655.27 $1,557.85 $0.00 $405.15 $73,618.27
43 $73,618.27 $1,557.85 $0.00 $416.25 $75,592.37
44 $75,592.37 $1,557.85 $0.00 $427.41 $77,577.63
45 $77,577.63 $1,557.85 $0.00 $438.64 $79,574.12
46 $79,574.12 $1,557.85 $0.00 $449.92 $81,581.89
47 $81,581.89 $1,557.85 $0.00 $461.28 $83,601.02
48 $83,601.02 $1,557.85 $0.00 $472.69 $85,631.56
49 $85,631.56 $1,557.85 $0.00 $484.17 $87,673.58
50 $87,673.58 $1,557.85 $0.00 $495.72 $89,727.15
51 $89,727.15 $1,557.85 $0.00 $507.33 $91,792.33
52 $91,792.33 $1,557.85 $0.00 $519.01 $93,869.19
53 $93,869.19 $1,557.85 $0.00 $530.75 $95,957.79
54 $95,957.79 $1,557.85 $0.00 $542.56 $98,058.20
55 $98,058.20 $1,557.85 $0.00 $554.44 $100,170.49
56 $100,170.49 $1,557.85 $0.00 $566.38 $102,294.72
57 $102,294.72 $1,557.85 $0.00 $578.39 $104,430.96
58 $104,430.96 $1,557.85 $0.00 $590.47 $106,579.28
59 $106,579.28 $1,557.85 $0.00 $602.61 $108,739.74
60 $108,739.74 $1,557.85 $0.00 $614.83 $110,912.42
61 $110,912.42 $1,557.85 $0.00 $627.11 $113,097.38
62 $113,097.38 $1,557.85 $0.00 $639.47 $115,294.70
63 $115,294.70 $1,557.85 $0.00 $651.89 $117,504.44
64 $117,504.44 $1,557.85 $0.00 $664.39 $119,726.68
65 $119,726.68 $1,557.85 $0.00 $676.95 $121,961.48
66 $121,961.48 $1,557.85 $0.00 $689.59 $124,208.92
67 $124,208.92 $1,557.85 $0.00 $702.30 $126,469.07
68 $126,469.07 $1,557.85 $0.00 $715.07 $128,741.99
69 $128,741.99 $1,557.85 $0.00 $727.93 $131,027.77
70 $131,027.77 $1,557.85 $0.00 $740.85 $133,326.47
71 $133,326.47 $1,557.85 $0.00 $753.85 $135,638.17
72 $135,638.17 $1,557.85 $0.00 $766.92 $137,962.94
73 $137,962.94 $1,557.85 $0.00 $780.06 $140,300.85
74 $140,300.85 $1,557.85 $0.00 $793.28 $142,651.98
75 $142,651.98 $1,557.85 $0.00 $806.58 $145,016.41
76 $145,016.41 $1,557.85 $0.00 $819.94 $147,394.20
77 $147,394.20 $1,557.85 $0.00 $833.39 $149,785.44
78 $149,785.44 $1,557.85 $0.00 $846.91 $152,190.20
79 $152,190.20 $1,557.85 $0.00 $860.51 $154,608.56
80 $154,608.56 $1,557.85 $0.00 $874.18 $157,040.59
81 $157,040.59 $1,557.85 $0.00 $887.93 $159,486.37
82 $159,486.37 $1,557.85 $0.00 $901.76 $161,945.98
83 $161,945.98 $1,557.85 $0.00 $915.67 $164,419.50
84 $164,419.50 $1,557.85 $0.00 $929.65 $166,907.00
85 $166,907.00 $1,557.85 $0.00 $943.72 $169,408.57
86 $169,408.57 $1,557.85 $0.00 $957.86 $171,924.28
87 $171,924.28 $1,557.85 $0.00 $972.08 $174,454.21
88 $174,454.21 $1,557.85 $0.00 $986.39 $176,998.45
89 $176,998.45 $1,557.85 $0.00 $1,000.77 $179,557.07
90 $179,557.07 $1,557.85 $0.00 $1,015.24 $182,130.16
91 $182,130.16 $1,557.85 $0.00 $1,029.79 $184,717.80
92 $184,717.80 $1,557.85 $0.00 $1,044.42 $187,320.07
93 $187,320.07 $1,557.85 $0.00 $1,059.13 $189,937.05
94 $189,937.05 $1,557.85 $0.00 $1,073.93 $192,568.83
95 $192,568.83 $1,557.85 $0.00 $1,088.81 $195,215.49
96 $195,215.49 $1,557.85 $0.00 $1,103.78 $197,877.12
97 $197,877.12 $1,557.85 $0.00 $1,118.83 $200,553.80
98 $200,553.80 $1,557.85 $0.00 $1,133.96 $203,245.61
99 $203,245.61 $1,557.85 $0.00 $1,149.18 $205,952.64
100 $205,952.64 $1,557.85 $0.00 $1,164.49 $208,674.98
101 $208,674.98 $1,557.85 $0.00 $1,179.88 $211,412.71
102 $211,412.71 $1,557.85 $0.00 $1,195.36 $214,165.92
103 $214,165.92 $1,557.85 $0.00 $1,210.93 $216,934.70
104 $216,934.70 $1,557.85 $0.00 $1,226.58 $219,719.13
105 $219,719.13 $1,557.85 $0.00 $1,242.32 $222,519.30
106 $222,519.30 $1,557.85 $0.00 $1,258.16 $225,335.31
107 $225,335.31 $1,557.85 $0.00 $1,274.08 $228,167.24
108 $228,167.24 $1,557.85 $0.00 $1,290.09 $231,015.18
109 $231,015.18 $1,557.85 $0.00 $1,306.19 $233,879.22
110 $233,879.22 $1,557.85 $0.00 $1,322.39 $236,759.46
111 $236,759.46 $1,557.85 $0.00 $1,338.67 $239,655.98
112 $239,655.98 $1,557.85 $0.00 $1,355.05 $242,568.88
113 $242,568.88 $1,557.85 $0.00 $1,371.52 $245,498.25
114 $245,498.25 $1,557.85 $0.00 $1,388.08 $248,444.18
115 $248,444.18 $1,557.85 $0.00 $1,404.74 $251,406.77
116 $251,406.77 $1,557.85 $0.00 $1,421.49 $254,386.11
117 $254,386.11 $1,557.85 $0.00 $1,438.34 $257,382.30
118 $257,382.30 $1,557.85 $0.00 $1,455.28 $260,395.43
119 $260,395.43 $1,557.85 $0.00 $1,472.31 $263,425.59
120 $263,425.59 $1,557.85 $0.00 $1,489.45 $266,472.89
121 $266,472.89 $1,557.85 $0.00 $1,506.68 $269,537.42
122 $269,537.42 $1,557.85 $0.00 $1,524.00 $272,619.27
123 $272,619.27 $1,557.85 $0.00 $1,541.43 $275,718.55
124 $275,718.55 $1,557.85 $0.00 $1,558.95 $278,835.35
125 $278,835.35 $1,557.85 $0.00 $1,576.58 $281,969.78
126 $281,969.78 $1,557.85 $0.00 $1,594.30 $285,121.93
127 $285,121.93 $1,557.85 $0.00 $1,612.12 $288,291.90
128 $288,291.90 $1,557.85 $0.00 $1,630.04 $291,479.79
129 $291,479.79 $1,557.85 $0.00 $1,648.07 $294,685.71
130 $294,685.71 $1,557.85 $0.00 $1,666.20 $297,909.76
131 $297,909.76 $1,557.85 $0.00 $1,684.43 $301,152.04
132 $301,152.04 $1,557.85 $0.00 $1,702.76 $304,412.65
133 $304,412.65 $1,557.85 $0.00 $1,721.19 $307,691.69
134 $307,691.69 $1,557.85 $0.00 $1,739.73 $310,989.27
135 $310,989.27 $1,557.85 $0.00 $1,758.38 $314,305.50
136 $314,305.50 $1,557.85 $0.00 $1,777.13 $317,640.48
137 $317,640.48 $1,557.85 $0.00 $1,795.99 $320,994.32
138 $320,994.32 $1,557.85 $0.00 $1,814.95 $324,367.12
139 $324,367.12 $1,557.85 $0.00 $1,834.02 $327,758.99
140 $327,758.99 $1,557.85 $0.00 $1,853.20 $331,170.04
141 $331,170.04 $1,557.85 $0.00 $1,872.48 $334,600.37
142 $334,600.37 $1,557.85 $0.00 $1,891.88 $338,050.10
143 $338,050.10 $1,557.85 $0.00 $1,911.38 $341,519.33
144 $341,519.33 $1,557.85 $0.00 $1,931.00 $345,008.18
145 $345,008.18 $1,557.85 $0.00 $1,950.73 $348,516.76
146 $348,516.76 $1,557.85 $0.00 $1,970.56 $352,045.17
147 $352,045.17 $1,557.85 $0.00 $1,990.51 $355,593.53
148 $355,593.53 $1,557.85 $0.00 $2,010.58 $359,161.96
149 $359,161.96 $1,557.85 $0.00 $2,030.75 $362,750.56
150 $362,750.56 $1,557.85 $0.00 $2,051.04 $366,359.45
151 $366,359.45 $1,557.85 $0.00 $2,071.45 $369,988.75
152 $369,988.75 $1,557.85 $0.00 $2,091.97 $373,638.57
153 $373,638.57 $1,557.85 $0.00 $2,112.61 $377,309.03
154 $377,309.03 $1,557.85 $0.00 $2,133.36 $381,000.24
155 $381,000.24 $1,557.85 $0.00 $2,154.23 $384,712.32
156 $384,712.32 $1,557.85 $0.00 $2,175.22 $388,445.39
157 $388,445.39 $1,557.85 $0.00 $2,196.33 $392,199.57
158 $392,199.57 $1,557.85 $0.00 $2,217.55 $395,974.97
159 $395,974.97 $1,557.85 $0.00 $2,238.90 $399,771.72
160 $399,771.72 $1,557.85 $0.00 $2,260.37 $403,589.94
161 $403,589.94 $1,557.85 $0.00 $2,281.96 $407,429.75
162 $407,429.75 $1,557.85 $0.00 $2,303.67 $411,291.27
163 $411,291.27 $1,557.85 $0.00 $2,325.50 $415,174.62
164 $415,174.62 $1,557.85 $0.00 $2,347.46 $419,079.93
165 $419,079.93 $1,557.85 $0.00 $2,369.54 $423,007.32
166 $423,007.32 $1,557.85 $0.00 $2,391.74 $426,956.91
167 $426,956.91 $1,557.85 $0.00 $2,414.08 $430,928.84
168 $430,928.84 $1,557.85 $0.00 $2,436.53 $434,923.22
169 $434,923.22 $1,557.85 $0.00 $2,459.12 $438,940.19
170 $438,940.19 $1,557.85 $0.00 $2,481.83 $442,979.87
171 $442,979.87 $1,557.85 $0.00 $2,504.67 $447,042.39
172 $447,042.39 $1,557.85 $0.00 $2,527.64 $451,127.88
173 $451,127.88 $1,557.85 $0.00 $2,550.74 $455,236.47
174 $455,236.47 $1,557.85 $0.00 $2,573.97 $459,368.29
175 $459,368.29 $1,557.85 $0.00 $2,597.34 $463,523.48
176 $463,523.48 $1,557.85 $0.00 $2,620.83 $467,702.16
177 $467,702.16 $1,557.85 $0.00 $2,644.46 $471,904.47
178 $471,904.47 $1,557.85 $0.00 $2,668.22 $476,130.54
179 $476,130.54 $1,557.85 $0.00 $2,692.11 $480,380.50
180 $480,380.50 $1,557.85 $0.00 $2,716.14 $484,654.49
181 $484,654.49 $1,557.85 $0.00 $2,740.31 $488,952.65
182 $488,952.65 $1,557.85 $0.00 $2,764.61 $493,275.11
183 $493,275.11 $1,557.85 $0.00 $2,789.05 $497,622.01
184 $497,622.01 $1,557.85 $0.00 $2,813.63 $501,993.49
185 $501,993.49 $1,557.85 $0.00 $2,838.34 $506,389.68
186 $506,389.68 $1,557.85 $0.00 $2,863.20 $510,810.73
187 $510,810.73 $1,557.85 $0.00 $2,888.20 $515,256.78
188 $515,256.78 $1,557.85 $0.00 $2,913.34 $519,727.97
189 $519,727.97 $1,557.85 $0.00 $2,938.62 $524,224.44
190 $524,224.44 $1,557.85 $0.00 $2,964.04 $528,746.33
191 $528,746.33 $1,557.85 $0.00 $2,989.61 $533,293.79
192 $533,293.79 $1,557.85 $0.00 $3,015.32 $537,866.96
193 $537,866.96 $1,557.85 $0.00 $3,041.18 $542,465.99
194 $542,465.99 $1,557.85 $0.00 $3,067.18 $547,091.02
195 $547,091.02 $1,557.85 $0.00 $3,093.33 $551,742.20
196 $551,742.20 $1,557.85 $0.00 $3,119.63 $556,419.68
197 $556,419.68 $1,557.85 $0.00 $3,146.08 $561,123.61
198 $561,123.61 $1,557.85 $0.00 $3,172.67 $565,854.13
199 $565,854.13 $1,557.85 $0.00 $3,199.42 $570,611.40
200 $570,611.40 $1,557.85 $0.00 $3,226.32 $575,395.57
201 $575,395.57 $1,557.85 $0.00 $3,253.37 $580,206.79
202 $580,206.79 $1,557.85 $0.00 $3,280.57 $585,045.21
203 $585,045.21 $1,557.85 $0.00 $3,307.93 $589,910.99
204 $589,910.99 $1,557.85 $0.00 $3,335.44 $594,804.28
205 $594,804.28 $1,557.85 $0.00 $3,363.11 $599,725.24
206 $599,725.24 $1,557.85 $0.00 $3,390.93 $604,674.02
207 $604,674.02 $1,557.85 $0.00 $3,418.91 $609,650.78
208 $609,650.78 $1,557.85 $0.00 $3,447.05 $614,655.68
209 $614,655.68 $1,557.85 $0.00 $3,475.35 $619,688.88
210 $619,688.88 $1,557.85 $0.00 $3,503.81 $624,750.54
211 $624,750.54 $1,557.85 $0.00 $3,532.43 $629,840.82
212 $629,840.82 $1,557.85 $0.00 $3,561.21 $634,959.88
213 $634,959.88 $1,557.85 $0.00 $3,590.16 $640,107.89
214 $640,107.89 $1,557.85 $0.00 $3,619.26 $645,285.00
215 $645,285.00 $1,557.85 $0.00 $3,648.54 $650,491.39
216 $650,491.39 $1,557.85 $0.00 $3,677.97 $655,727.21
217 $655,727.21 $1,557.85 $182,640.74 $3,707.58 $478,351.90
218 $478,351.90 $1,557.85 $0.00 $2,704.67 $482,614.42
219 $482,614.42 $1,557.85 $0.00 $2,728.77 $486,901.04
220 $486,901.04 $1,557.85 $0.00 $2,753.01 $491,211.90
221 $491,211.90 $1,557.85 $0.00 $2,777.38 $495,547.13
222 $495,547.13 $1,557.85 $0.00 $2,801.90 $499,906.88
223 $499,906.88 $1,557.85 $0.00 $2,826.55 $504,291.28
224 $504,291.28 $1,557.85 $0.00 $2,851.34 $508,700.47
225 $508,700.47 $1,557.85 $0.00 $2,876.27 $513,134.59
226 $513,134.59 $1,557.85 $0.00 $2,901.34 $517,593.78
227 $517,593.78 $1,557.85 $0.00 $2,926.55 $522,078.18
228 $522,078.18 $1,557.85 $0.00 $2,951.91 $526,587.94
229 $526,587.94 $1,557.85 $191,772.78 $2,977.40 $339,350.41
230 $339,350.41 $1,557.85 $0.00 $1,918.74 $342,827.00
231 $342,827.00 $1,557.85 $0.00 $1,938.39 $346,323.24
232 $346,323.24 $1,557.85 $0.00 $1,958.16 $349,839.25
233 $349,839.25 $1,557.85 $0.00 $1,978.04 $353,375.14
234 $353,375.14 $1,557.85 $0.00 $1,998.03 $356,931.02
235 $356,931.02 $1,557.85 $0.00 $2,018.14 $360,507.01
236 $360,507.01 $1,557.85 $0.00 $2,038.36 $364,103.22
237 $364,103.22 $1,557.85 $0.00 $2,058.69 $367,719.76
238 $367,719.76 $1,557.85 $0.00 $2,079.14 $371,356.75
239 $371,356.75 $1,557.85 $0.00 $2,099.71 $375,014.31
240 $375,014.31 $1,557.85 $0.00 $2,120.39 $378,692.55
241 $378,692.55 $1,557.85 $201,361.42 $2,141.18 $181,030.16
242 $181,030.16 $1,557.85 $0.00 $1,023.57 $183,611.58
243 $183,611.58 $1,557.85 $0.00 $1,038.17 $186,207.60
244 $186,207.60 $1,557.85 $0.00 $1,052.84 $188,818.29
245 $188,818.29 $1,557.85 $0.00 $1,067.61 $191,443.75
246 $191,443.75 $1,557.85 $0.00 $1,082.45 $194,084.05
247 $194,084.05 $1,557.85 $0.00 $1,097.38 $196,739.28
248 $196,739.28 $1,557.85 $0.00 $1,112.39 $199,409.52
249 $199,409.52 $1,557.85 $0.00 $1,127.49 $202,094.86
250 $202,094.86 $1,557.85 $0.00 $1,142.67 $204,795.38
251 $204,795.38 $1,557.85 $0.00 $1,157.94 $207,511.17
252 $207,511.17 $1,557.85 $0.00 $1,173.30 $210,242.32
253 $210,242.32 $0.00 $211,429.49 $1,188.74 $1.57