Savings Plan and Future Cost Estimation for Smith College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$194,929
Monthly savings required$1,543

How much will it cost to send your child to Smith College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $779,715.24 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,543.03 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$75,169.00
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 $1,543.03 $0.00 $0.00 $1,543.03
2 $1,543.03 $1,543.03 $0.00 $8.72 $3,094.78
3 $3,094.78 $1,543.03 $0.00 $17.50 $4,655.31
4 $4,655.31 $1,543.03 $0.00 $26.32 $6,224.66
5 $6,224.66 $1,543.03 $0.00 $35.20 $7,802.89
6 $7,802.89 $1,543.03 $0.00 $44.12 $9,390.04
7 $9,390.04 $1,543.03 $0.00 $53.09 $10,986.16
8 $10,986.16 $1,543.03 $0.00 $62.12 $12,591.31
9 $12,591.31 $1,543.03 $0.00 $71.19 $14,205.53
10 $14,205.53 $1,543.03 $0.00 $80.32 $15,828.88
11 $15,828.88 $1,543.03 $0.00 $89.50 $17,461.41
12 $17,461.41 $1,543.03 $0.00 $98.73 $19,103.17
13 $19,103.17 $1,543.03 $0.00 $108.01 $20,754.21
14 $20,754.21 $1,543.03 $0.00 $117.35 $22,414.59
15 $22,414.59 $1,543.03 $0.00 $126.74 $24,084.36
16 $24,084.36 $1,543.03 $0.00 $136.18 $25,763.57
17 $25,763.57 $1,543.03 $0.00 $145.67 $27,452.27
18 $27,452.27 $1,543.03 $0.00 $155.22 $29,150.52
19 $29,150.52 $1,543.03 $0.00 $164.82 $30,858.37
20 $30,858.37 $1,543.03 $0.00 $174.48 $32,575.88
21 $32,575.88 $1,543.03 $0.00 $184.19 $34,303.10
22 $34,303.10 $1,543.03 $0.00 $193.95 $36,040.08
23 $36,040.08 $1,543.03 $0.00 $203.78 $37,786.89
24 $37,786.89 $1,543.03 $0.00 $213.65 $39,543.57
25 $39,543.57 $1,543.03 $0.00 $223.59 $41,310.19
26 $41,310.19 $1,543.03 $0.00 $233.57 $43,086.79
27 $43,086.79 $1,543.03 $0.00 $243.62 $44,873.44
28 $44,873.44 $1,543.03 $0.00 $253.72 $46,670.19
29 $46,670.19 $1,543.03 $0.00 $263.88 $48,477.10
30 $48,477.10 $1,543.03 $0.00 $274.10 $50,294.23
31 $50,294.23 $1,543.03 $0.00 $284.37 $52,121.63
32 $52,121.63 $1,543.03 $0.00 $294.70 $53,959.36
33 $53,959.36 $1,543.03 $0.00 $305.09 $55,807.48
34 $55,807.48 $1,543.03 $0.00 $315.54 $57,666.05
35 $57,666.05 $1,543.03 $0.00 $326.05 $59,535.13
36 $59,535.13 $1,543.03 $0.00 $336.62 $61,414.78
37 $61,414.78 $1,543.03 $0.00 $347.25 $63,305.06
38 $63,305.06 $1,543.03 $0.00 $357.94 $65,206.03
39 $65,206.03 $1,543.03 $0.00 $368.68 $67,117.74
40 $67,117.74 $1,543.03 $0.00 $379.49 $69,040.26
41 $69,040.26 $1,543.03 $0.00 $390.36 $70,973.65
42 $70,973.65 $1,543.03 $0.00 $401.30 $72,917.98
43 $72,917.98 $1,543.03 $0.00 $412.29 $74,873.30
44 $74,873.30 $1,543.03 $0.00 $423.34 $76,839.67
45 $76,839.67 $1,543.03 $0.00 $434.46 $78,817.16
46 $78,817.16 $1,543.03 $0.00 $445.64 $80,805.83
47 $80,805.83 $1,543.03 $0.00 $456.89 $82,805.75
48 $82,805.75 $1,543.03 $0.00 $468.20 $84,816.98
49 $84,816.98 $1,543.03 $0.00 $479.57 $86,839.58
50 $86,839.58 $1,543.03 $0.00 $491.00 $88,873.61
51 $88,873.61 $1,543.03 $0.00 $502.50 $90,919.14
52 $90,919.14 $1,543.03 $0.00 $514.07 $92,976.24
53 $92,976.24 $1,543.03 $0.00 $525.70 $95,044.97
54 $95,044.97 $1,543.03 $0.00 $537.40 $97,125.40
55 $97,125.40 $1,543.03 $0.00 $549.16 $99,217.59
56 $99,217.59 $1,543.03 $0.00 $560.99 $101,321.61
57 $101,321.61 $1,543.03 $0.00 $572.89 $103,437.53
58 $103,437.53 $1,543.03 $0.00 $584.85 $105,565.41
59 $105,565.41 $1,543.03 $0.00 $596.88 $107,705.32
60 $107,705.32 $1,543.03 $0.00 $608.98 $109,857.33
61 $109,857.33 $1,543.03 $0.00 $621.15 $112,021.51
62 $112,021.51 $1,543.03 $0.00 $633.39 $114,197.93
63 $114,197.93 $1,543.03 $0.00 $645.69 $116,386.65
64 $116,386.65 $1,543.03 $0.00 $658.07 $118,587.75
65 $118,587.75 $1,543.03 $0.00 $670.51 $120,801.29
66 $120,801.29 $1,543.03 $0.00 $683.03 $123,027.35
67 $123,027.35 $1,543.03 $0.00 $695.61 $125,265.99
68 $125,265.99 $1,543.03 $0.00 $708.27 $127,517.29
69 $127,517.29 $1,543.03 $0.00 $721.00 $129,781.32
70 $129,781.32 $1,543.03 $0.00 $733.80 $132,058.15
71 $132,058.15 $1,543.03 $0.00 $746.68 $134,347.86
72 $134,347.86 $1,543.03 $0.00 $759.62 $136,650.51
73 $136,650.51 $1,543.03 $0.00 $772.64 $138,966.18
74 $138,966.18 $1,543.03 $0.00 $785.73 $141,294.94
75 $141,294.94 $1,543.03 $0.00 $798.90 $143,636.87
76 $143,636.87 $1,543.03 $0.00 $812.14 $145,992.04
77 $145,992.04 $1,543.03 $0.00 $825.46 $148,360.53
78 $148,360.53 $1,543.03 $0.00 $838.85 $150,742.41
79 $150,742.41 $1,543.03 $0.00 $852.32 $153,137.76
80 $153,137.76 $1,543.03 $0.00 $865.86 $155,546.65
81 $155,546.65 $1,543.03 $0.00 $879.48 $157,969.16
82 $157,969.16 $1,543.03 $0.00 $893.18 $160,405.37
83 $160,405.37 $1,543.03 $0.00 $906.96 $162,855.36
84 $162,855.36 $1,543.03 $0.00 $920.81 $165,319.20
85 $165,319.20 $1,543.03 $0.00 $934.74 $167,796.97
86 $167,796.97 $1,543.03 $0.00 $948.75 $170,288.75
87 $170,288.75 $1,543.03 $0.00 $962.84 $172,794.62
88 $172,794.62 $1,543.03 $0.00 $977.01 $175,314.66
89 $175,314.66 $1,543.03 $0.00 $991.25 $177,848.94
90 $177,848.94 $1,543.03 $0.00 $1,005.58 $180,397.55
91 $180,397.55 $1,543.03 $0.00 $1,019.99 $182,960.57
92 $182,960.57 $1,543.03 $0.00 $1,034.49 $185,538.09
93 $185,538.09 $1,543.03 $0.00 $1,049.06 $188,130.18
94 $188,130.18 $1,543.03 $0.00 $1,063.72 $190,736.93
95 $190,736.93 $1,543.03 $0.00 $1,078.45 $193,358.41
96 $193,358.41 $1,543.03 $0.00 $1,093.28 $195,994.72
97 $195,994.72 $1,543.03 $0.00 $1,108.18 $198,645.93
98 $198,645.93 $1,543.03 $0.00 $1,123.17 $201,312.13
99 $201,312.13 $1,543.03 $0.00 $1,138.25 $203,993.41
100 $203,993.41 $1,543.03 $0.00 $1,153.41 $206,689.85
101 $206,689.85 $1,543.03 $0.00 $1,168.65 $209,401.53
102 $209,401.53 $1,543.03 $0.00 $1,183.99 $212,128.55
103 $212,128.55 $1,543.03 $0.00 $1,199.41 $214,870.99
104 $214,870.99 $1,543.03 $0.00 $1,214.91 $217,628.93
105 $217,628.93 $1,543.03 $0.00 $1,230.51 $220,402.47
106 $220,402.47 $1,543.03 $0.00 $1,246.19 $223,191.69
107 $223,191.69 $1,543.03 $0.00 $1,261.96 $225,996.68
108 $225,996.68 $1,543.03 $0.00 $1,277.82 $228,817.53
109 $228,817.53 $1,543.03 $0.00 $1,293.77 $231,654.33
110 $231,654.33 $1,543.03 $0.00 $1,309.81 $234,507.17
111 $234,507.17 $1,543.03 $0.00 $1,325.94 $237,376.14
112 $237,376.14 $1,543.03 $0.00 $1,342.16 $240,261.33
113 $240,261.33 $1,543.03 $0.00 $1,358.47 $243,162.83
114 $243,162.83 $1,543.03 $0.00 $1,374.88 $246,080.74
115 $246,080.74 $1,543.03 $0.00 $1,391.38 $249,015.15
116 $249,015.15 $1,543.03 $0.00 $1,407.97 $251,966.15
117 $251,966.15 $1,543.03 $0.00 $1,424.65 $254,933.83
118 $254,933.83 $1,543.03 $0.00 $1,441.43 $257,918.29
119 $257,918.29 $1,543.03 $0.00 $1,458.31 $260,919.63
120 $260,919.63 $1,543.03 $0.00 $1,475.28 $263,937.94
121 $263,937.94 $1,543.03 $0.00 $1,492.34 $266,973.31
122 $266,973.31 $1,543.03 $0.00 $1,509.51 $270,025.85
123 $270,025.85 $1,543.03 $0.00 $1,526.77 $273,095.65
124 $273,095.65 $1,543.03 $0.00 $1,544.12 $276,182.80
125 $276,182.80 $1,543.03 $0.00 $1,561.58 $279,287.41
126 $279,287.41 $1,543.03 $0.00 $1,579.13 $282,409.57
127 $282,409.57 $1,543.03 $0.00 $1,596.78 $285,549.38
128 $285,549.38 $1,543.03 $0.00 $1,614.54 $288,706.95
129 $288,706.95 $1,543.03 $0.00 $1,632.39 $291,882.37
130 $291,882.37 $1,543.03 $0.00 $1,650.35 $295,075.75
131 $295,075.75 $1,543.03 $0.00 $1,668.40 $298,287.18
132 $298,287.18 $1,543.03 $0.00 $1,686.56 $301,516.77
133 $301,516.77 $1,543.03 $0.00 $1,704.82 $304,764.62
134 $304,764.62 $1,543.03 $0.00 $1,723.18 $308,030.83
135 $308,030.83 $1,543.03 $0.00 $1,741.65 $311,315.51
136 $311,315.51 $1,543.03 $0.00 $1,760.22 $314,618.76
137 $314,618.76 $1,543.03 $0.00 $1,778.90 $317,940.69
138 $317,940.69 $1,543.03 $0.00 $1,797.68 $321,281.40
139 $321,281.40 $1,543.03 $0.00 $1,816.57 $324,641.00
140 $324,641.00 $1,543.03 $0.00 $1,835.57 $328,019.60
141 $328,019.60 $1,543.03 $0.00 $1,854.67 $331,417.30
142 $331,417.30 $1,543.03 $0.00 $1,873.88 $334,834.21
143 $334,834.21 $1,543.03 $0.00 $1,893.20 $338,270.44
144 $338,270.44 $1,543.03 $0.00 $1,912.63 $341,726.10
145 $341,726.10 $1,543.03 $0.00 $1,932.17 $345,201.30
146 $345,201.30 $1,543.03 $0.00 $1,951.82 $348,696.15
147 $348,696.15 $1,543.03 $0.00 $1,971.58 $352,210.76
148 $352,210.76 $1,543.03 $0.00 $1,991.45 $355,745.24
149 $355,745.24 $1,543.03 $0.00 $2,011.44 $359,299.71
150 $359,299.71 $1,543.03 $0.00 $2,031.53 $362,874.27
151 $362,874.27 $1,543.03 $0.00 $2,051.74 $366,469.04
152 $366,469.04 $1,543.03 $0.00 $2,072.07 $370,084.14
153 $370,084.14 $1,543.03 $0.00 $2,092.51 $373,719.68
154 $373,719.68 $1,543.03 $0.00 $2,113.07 $377,375.78
155 $377,375.78 $1,543.03 $0.00 $2,133.74 $381,052.55
156 $381,052.55 $1,543.03 $0.00 $2,154.53 $384,750.11
157 $384,750.11 $1,543.03 $0.00 $2,175.43 $388,468.57
158 $388,468.57 $1,543.03 $0.00 $2,196.46 $392,208.06
159 $392,208.06 $1,543.03 $0.00 $2,217.60 $395,968.69
160 $395,968.69 $1,543.03 $0.00 $2,238.86 $399,750.58
161 $399,750.58 $1,543.03 $0.00 $2,260.25 $403,553.86
162 $403,553.86 $1,543.03 $0.00 $2,281.75 $407,378.64
163 $407,378.64 $1,543.03 $0.00 $2,303.38 $411,225.05
164 $411,225.05 $1,543.03 $0.00 $2,325.13 $415,093.21
165 $415,093.21 $1,543.03 $0.00 $2,347.00 $418,983.24
166 $418,983.24 $1,543.03 $0.00 $2,368.99 $422,895.26
167 $422,895.26 $1,543.03 $0.00 $2,391.11 $426,829.40
168 $426,829.40 $1,543.03 $0.00 $2,413.36 $430,785.79
169 $430,785.79 $1,543.03 $0.00 $2,435.73 $434,764.55
170 $434,764.55 $1,543.03 $0.00 $2,458.22 $438,765.80
171 $438,765.80 $1,543.03 $0.00 $2,480.85 $442,789.68
172 $442,789.68 $1,543.03 $0.00 $2,503.60 $446,836.31
173 $446,836.31 $1,543.03 $0.00 $2,526.48 $450,905.82
174 $450,905.82 $1,543.03 $0.00 $2,549.49 $454,998.34
175 $454,998.34 $1,543.03 $0.00 $2,572.63 $459,114.00
176 $459,114.00 $1,543.03 $0.00 $2,595.90 $463,252.93
177 $463,252.93 $1,543.03 $0.00 $2,619.30 $467,415.26
178 $467,415.26 $1,543.03 $0.00 $2,642.83 $471,601.12
179 $471,601.12 $1,543.03 $0.00 $2,666.50 $475,810.65
180 $475,810.65 $1,543.03 $0.00 $2,690.30 $480,043.98
181 $480,043.98 $1,543.03 $0.00 $2,714.24 $484,301.25
182 $484,301.25 $1,543.03 $0.00 $2,738.31 $488,582.59
183 $488,582.59 $1,543.03 $0.00 $2,762.52 $492,888.14
184 $492,888.14 $1,543.03 $0.00 $2,786.86 $497,218.03
185 $497,218.03 $1,543.03 $0.00 $2,811.34 $501,572.40
186 $501,572.40 $1,543.03 $0.00 $2,835.96 $505,951.39
187 $505,951.39 $1,543.03 $0.00 $2,860.72 $510,355.14
188 $510,355.14 $1,543.03 $0.00 $2,885.62 $514,783.79
189 $514,783.79 $1,543.03 $0.00 $2,910.66 $519,237.48
190 $519,237.48 $1,543.03 $0.00 $2,935.84 $523,716.35
191 $523,716.35 $1,543.03 $0.00 $2,961.17 $528,220.55
192 $528,220.55 $1,543.03 $0.00 $2,986.64 $532,750.22
193 $532,750.22 $1,543.03 $0.00 $3,012.25 $537,305.50
194 $537,305.50 $1,543.03 $0.00 $3,038.00 $541,886.53
195 $541,886.53 $1,543.03 $0.00 $3,063.91 $546,493.47
196 $546,493.47 $1,543.03 $0.00 $3,089.95 $551,126.45
197 $551,126.45 $1,543.03 $0.00 $3,116.15 $555,785.63
198 $555,785.63 $1,543.03 $0.00 $3,142.49 $560,471.15
199 $560,471.15 $1,543.03 $0.00 $3,168.99 $565,183.17
200 $565,183.17 $1,543.03 $0.00 $3,195.63 $569,921.83
201 $569,921.83 $1,543.03 $0.00 $3,222.42 $574,687.28
202 $574,687.28 $1,543.03 $0.00 $3,249.37 $579,479.68
203 $579,479.68 $1,543.03 $0.00 $3,276.46 $584,299.17
204 $584,299.17 $1,543.03 $0.00 $3,303.71 $589,145.91
205 $589,145.91 $1,543.03 $0.00 $3,331.12 $594,020.06
206 $594,020.06 $1,543.03 $0.00 $3,358.68 $598,921.77
207 $598,921.77 $1,543.03 $0.00 $3,386.39 $603,851.19
208 $603,851.19 $1,543.03 $0.00 $3,414.26 $608,808.48
209 $608,808.48 $1,543.03 $0.00 $3,442.29 $613,793.80
210 $613,793.80 $1,543.03 $0.00 $3,470.48 $618,807.31
211 $618,807.31 $1,543.03 $0.00 $3,498.83 $623,849.17
212 $623,849.17 $1,543.03 $0.00 $3,527.33 $628,919.53
213 $628,919.53 $1,543.03 $0.00 $3,556.00 $634,018.56
214 $634,018.56 $1,543.03 $0.00 $3,584.83 $639,146.42
215 $639,146.42 $1,543.03 $0.00 $3,613.83 $644,303.28
216 $644,303.28 $1,543.03 $0.00 $3,642.98 $649,489.29
217 $649,489.29 $1,543.03 $180,903.16 $3,672.31 $473,801.47
218 $473,801.47 $1,543.03 $0.00 $2,678.94 $478,023.44
219 $478,023.44 $1,543.03 $0.00 $2,702.81 $482,269.28
220 $482,269.28 $1,543.03 $0.00 $2,726.82 $486,539.13
221 $486,539.13 $1,543.03 $0.00 $2,750.96 $490,833.12
222 $490,833.12 $1,543.03 $0.00 $2,775.24 $495,151.39
223 $495,151.39 $1,543.03 $0.00 $2,799.66 $499,494.08
224 $499,494.08 $1,543.03 $0.00 $2,824.21 $503,861.32
225 $503,861.32 $1,543.03 $0.00 $2,848.91 $508,253.26
226 $508,253.26 $1,543.03 $0.00 $2,873.74 $512,670.03
227 $512,670.03 $1,543.03 $0.00 $2,898.71 $517,111.77
228 $517,111.77 $1,543.03 $0.00 $2,923.83 $521,578.63
229 $521,578.63 $1,543.03 $189,948.32 $2,949.08 $336,122.42
230 $336,122.42 $1,543.03 $0.00 $1,900.49 $339,565.94
231 $339,565.94 $1,543.03 $0.00 $1,919.96 $343,028.93
232 $343,028.93 $1,543.03 $0.00 $1,939.54 $346,511.50
233 $346,511.50 $1,543.03 $0.00 $1,959.23 $350,013.76
234 $350,013.76 $1,543.03 $0.00 $1,979.03 $353,535.82
235 $353,535.82 $1,543.03 $0.00 $1,998.94 $357,077.79
236 $357,077.79 $1,543.03 $0.00 $2,018.97 $360,639.79
237 $360,639.79 $1,543.03 $0.00 $2,039.11 $364,221.93
238 $364,221.93 $1,543.03 $0.00 $2,059.36 $367,824.32
239 $367,824.32 $1,543.03 $0.00 $2,079.73 $371,447.08
240 $371,447.08 $1,543.03 $0.00 $2,100.22 $375,090.33
241 $375,090.33 $1,543.03 $199,445.74 $2,120.82 $179,308.44
242 $179,308.44 $1,543.03 $0.00 $1,013.84 $181,865.31
243 $181,865.31 $1,543.03 $0.00 $1,028.29 $184,436.63
244 $184,436.63 $1,543.03 $0.00 $1,042.83 $187,022.49
245 $187,022.49 $1,543.03 $0.00 $1,057.45 $189,622.97
246 $189,622.97 $1,543.03 $0.00 $1,072.16 $192,238.16
247 $192,238.16 $1,543.03 $0.00 $1,086.94 $194,868.13
248 $194,868.13 $1,543.03 $0.00 $1,101.81 $197,512.97
249 $197,512.97 $1,543.03 $0.00 $1,116.77 $200,172.77
250 $200,172.77 $1,543.03 $0.00 $1,131.81 $202,847.61
251 $202,847.61 $1,543.03 $0.00 $1,146.93 $205,537.57
252 $205,537.57 $1,543.03 $0.00 $1,162.14 $208,242.74
253 $208,242.74 $0.00 $209,418.02 $1,177.43 $2.15