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 2041$203,406
Monthly savings required$1,610

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 $813,624.02 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,610.13 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$78,438.00
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 $1,610.13 $0.00 $0.00 $1,610.13
2 $1,610.13 $1,610.13 $0.00 $9.10 $3,229.36
3 $3,229.36 $1,610.13 $0.00 $18.26 $4,857.75
4 $4,857.75 $1,610.13 $0.00 $27.47 $6,495.35
5 $6,495.35 $1,610.13 $0.00 $36.73 $8,142.21
6 $8,142.21 $1,610.13 $0.00 $46.04 $9,798.38
7 $9,798.38 $1,610.13 $0.00 $55.40 $11,463.91
8 $11,463.91 $1,610.13 $0.00 $64.82 $13,138.86
9 $13,138.86 $1,610.13 $0.00 $74.29 $14,823.28
10 $14,823.28 $1,610.13 $0.00 $83.81 $16,517.22
11 $16,517.22 $1,610.13 $0.00 $93.39 $18,220.74
12 $18,220.74 $1,610.13 $0.00 $103.02 $19,933.89
13 $19,933.89 $1,610.13 $0.00 $112.71 $21,656.73
14 $21,656.73 $1,610.13 $0.00 $122.45 $23,389.31
15 $23,389.31 $1,610.13 $0.00 $132.25 $25,131.69
16 $25,131.69 $1,610.13 $0.00 $142.10 $26,883.92
17 $26,883.92 $1,610.13 $0.00 $152.01 $28,646.06
18 $28,646.06 $1,610.13 $0.00 $161.97 $30,418.16
19 $30,418.16 $1,610.13 $0.00 $171.99 $32,200.28
20 $32,200.28 $1,610.13 $0.00 $182.07 $33,992.48
21 $33,992.48 $1,610.13 $0.00 $192.20 $35,794.81
22 $35,794.81 $1,610.13 $0.00 $202.39 $37,607.33
23 $37,607.33 $1,610.13 $0.00 $212.64 $39,430.10
24 $39,430.10 $1,610.13 $0.00 $222.94 $41,263.17
25 $41,263.17 $1,610.13 $0.00 $233.31 $43,106.61
26 $43,106.61 $1,610.13 $0.00 $243.73 $44,960.47
27 $44,960.47 $1,610.13 $0.00 $254.21 $46,824.81
28 $46,824.81 $1,610.13 $0.00 $264.75 $48,699.69
29 $48,699.69 $1,610.13 $0.00 $275.36 $50,585.18
30 $50,585.18 $1,610.13 $0.00 $286.02 $52,481.33
31 $52,481.33 $1,610.13 $0.00 $296.74 $54,388.20
32 $54,388.20 $1,610.13 $0.00 $307.52 $56,305.85
33 $56,305.85 $1,610.13 $0.00 $318.36 $58,234.34
34 $58,234.34 $1,610.13 $0.00 $329.27 $60,173.74
35 $60,173.74 $1,610.13 $0.00 $340.23 $62,124.10
36 $62,124.10 $1,610.13 $0.00 $351.26 $64,085.49
37 $64,085.49 $1,610.13 $0.00 $362.35 $66,057.97
38 $66,057.97 $1,610.13 $0.00 $373.50 $68,041.60
39 $68,041.60 $1,610.13 $0.00 $384.72 $70,036.45
40 $70,036.45 $1,610.13 $0.00 $396.00 $72,042.58
41 $72,042.58 $1,610.13 $0.00 $407.34 $74,060.05
42 $74,060.05 $1,610.13 $0.00 $418.75 $76,088.93
43 $76,088.93 $1,610.13 $0.00 $430.22 $78,129.28
44 $78,129.28 $1,610.13 $0.00 $441.75 $80,181.16
45 $80,181.16 $1,610.13 $0.00 $453.36 $82,244.65
46 $82,244.65 $1,610.13 $0.00 $465.02 $84,319.80
47 $84,319.80 $1,610.13 $0.00 $476.76 $86,406.69
48 $86,406.69 $1,610.13 $0.00 $488.56 $88,505.38
49 $88,505.38 $1,610.13 $0.00 $500.42 $90,615.93
50 $90,615.93 $1,610.13 $0.00 $512.36 $92,738.42
51 $92,738.42 $1,610.13 $0.00 $524.36 $94,872.91
52 $94,872.91 $1,610.13 $0.00 $536.43 $97,019.47
53 $97,019.47 $1,610.13 $0.00 $548.56 $99,178.16
54 $99,178.16 $1,610.13 $0.00 $560.77 $101,349.06
55 $101,349.06 $1,610.13 $0.00 $573.04 $103,532.23
56 $103,532.23 $1,610.13 $0.00 $585.39 $105,727.75
57 $105,727.75 $1,610.13 $0.00 $597.80 $107,935.68
58 $107,935.68 $1,610.13 $0.00 $610.28 $110,156.09
59 $110,156.09 $1,610.13 $0.00 $622.84 $112,389.06
60 $112,389.06 $1,610.13 $0.00 $635.46 $114,634.65
61 $114,634.65 $1,610.13 $0.00 $648.16 $116,892.94
62 $116,892.94 $1,610.13 $0.00 $660.93 $119,164.00
63 $119,164.00 $1,610.13 $0.00 $673.77 $121,447.90
64 $121,447.90 $1,610.13 $0.00 $686.68 $123,744.71
65 $123,744.71 $1,610.13 $0.00 $699.67 $126,054.51
66 $126,054.51 $1,610.13 $0.00 $712.73 $128,377.37
67 $128,377.37 $1,610.13 $0.00 $725.86 $130,713.36
68 $130,713.36 $1,610.13 $0.00 $739.07 $133,062.56
69 $133,062.56 $1,610.13 $0.00 $752.36 $135,425.05
70 $135,425.05 $1,610.13 $0.00 $765.71 $137,800.89
71 $137,800.89 $1,610.13 $0.00 $779.15 $140,190.17
72 $140,190.17 $1,610.13 $0.00 $792.66 $142,592.96
73 $142,592.96 $1,610.13 $0.00 $806.24 $145,009.33
74 $145,009.33 $1,610.13 $0.00 $819.90 $147,439.36
75 $147,439.36 $1,610.13 $0.00 $833.64 $149,883.13
76 $149,883.13 $1,610.13 $0.00 $847.46 $152,340.72
77 $152,340.72 $1,610.13 $0.00 $861.36 $154,812.21
78 $154,812.21 $1,610.13 $0.00 $875.33 $157,297.67
79 $157,297.67 $1,610.13 $0.00 $889.38 $159,797.18
80 $159,797.18 $1,610.13 $0.00 $903.52 $162,310.83
81 $162,310.83 $1,610.13 $0.00 $917.73 $164,838.69
82 $164,838.69 $1,610.13 $0.00 $932.02 $167,380.84
83 $167,380.84 $1,610.13 $0.00 $946.40 $169,937.37
84 $169,937.37 $1,610.13 $0.00 $960.85 $172,508.35
85 $172,508.35 $1,610.13 $0.00 $975.39 $175,093.87
86 $175,093.87 $1,610.13 $0.00 $990.01 $177,694.01
87 $177,694.01 $1,610.13 $0.00 $1,004.71 $180,308.85
88 $180,308.85 $1,610.13 $0.00 $1,019.49 $182,938.47
89 $182,938.47 $1,610.13 $0.00 $1,034.36 $185,582.96
90 $185,582.96 $1,610.13 $0.00 $1,049.31 $188,242.40
91 $188,242.40 $1,610.13 $0.00 $1,064.35 $190,916.88
92 $190,916.88 $1,610.13 $0.00 $1,079.47 $193,606.48
93 $193,606.48 $1,610.13 $0.00 $1,094.68 $196,311.29
94 $196,311.29 $1,610.13 $0.00 $1,109.97 $199,031.39
95 $199,031.39 $1,610.13 $0.00 $1,125.35 $201,766.87
96 $201,766.87 $1,610.13 $0.00 $1,140.82 $204,517.82
97 $204,517.82 $1,610.13 $0.00 $1,156.37 $207,284.32
98 $207,284.32 $1,610.13 $0.00 $1,172.02 $210,066.47
99 $210,066.47 $1,610.13 $0.00 $1,187.75 $212,864.35
100 $212,864.35 $1,610.13 $0.00 $1,203.57 $215,678.05
101 $215,678.05 $1,610.13 $0.00 $1,219.48 $218,507.66
102 $218,507.66 $1,610.13 $0.00 $1,235.47 $221,353.26
103 $221,353.26 $1,610.13 $0.00 $1,251.56 $224,214.95
104 $224,214.95 $1,610.13 $0.00 $1,267.74 $227,092.82
105 $227,092.82 $1,610.13 $0.00 $1,284.02 $229,986.97
106 $229,986.97 $1,610.13 $0.00 $1,300.38 $232,897.48
107 $232,897.48 $1,610.13 $0.00 $1,316.84 $235,824.45
108 $235,824.45 $1,610.13 $0.00 $1,333.39 $238,767.97
109 $238,767.97 $1,610.13 $0.00 $1,350.03 $241,728.13
110 $241,728.13 $1,610.13 $0.00 $1,366.77 $244,705.03
111 $244,705.03 $1,610.13 $0.00 $1,383.60 $247,698.76
112 $247,698.76 $1,610.13 $0.00 $1,400.52 $250,709.41
113 $250,709.41 $1,610.13 $0.00 $1,417.55 $253,737.09
114 $253,737.09 $1,610.13 $0.00 $1,434.67 $256,781.89
115 $256,781.89 $1,610.13 $0.00 $1,451.88 $259,843.90
116 $259,843.90 $1,610.13 $0.00 $1,469.20 $262,923.23
117 $262,923.23 $1,610.13 $0.00 $1,486.61 $266,019.97
118 $266,019.97 $1,610.13 $0.00 $1,504.12 $269,134.22
119 $269,134.22 $1,610.13 $0.00 $1,521.72 $272,266.07
120 $272,266.07 $1,610.13 $0.00 $1,539.43 $275,415.63
121 $275,415.63 $1,610.13 $0.00 $1,557.24 $278,583.00
122 $278,583.00 $1,610.13 $0.00 $1,575.15 $281,768.28
123 $281,768.28 $1,610.13 $0.00 $1,593.16 $284,971.57
124 $284,971.57 $1,610.13 $0.00 $1,611.27 $288,192.97
125 $288,192.97 $1,610.13 $0.00 $1,629.48 $291,432.58
126 $291,432.58 $1,610.13 $0.00 $1,647.80 $294,690.51
127 $294,690.51 $1,610.13 $0.00 $1,666.22 $297,966.86
128 $297,966.86 $1,610.13 $0.00 $1,684.75 $301,261.74
129 $301,261.74 $1,610.13 $0.00 $1,703.38 $304,575.25
130 $304,575.25 $1,610.13 $0.00 $1,722.11 $307,907.49
131 $307,907.49 $1,610.13 $0.00 $1,740.95 $311,258.57
132 $311,258.57 $1,610.13 $0.00 $1,759.90 $314,628.60
133 $314,628.60 $1,610.13 $0.00 $1,778.96 $318,017.69
134 $318,017.69 $1,610.13 $0.00 $1,798.12 $321,425.94
135 $321,425.94 $1,610.13 $0.00 $1,817.39 $324,853.46
136 $324,853.46 $1,610.13 $0.00 $1,836.77 $328,300.36
137 $328,300.36 $1,610.13 $0.00 $1,856.26 $331,766.75
138 $331,766.75 $1,610.13 $0.00 $1,875.86 $335,252.74
139 $335,252.74 $1,610.13 $0.00 $1,895.57 $338,758.44
140 $338,758.44 $1,610.13 $0.00 $1,915.39 $342,283.96
141 $342,283.96 $1,610.13 $0.00 $1,935.32 $345,829.41
142 $345,829.41 $1,610.13 $0.00 $1,955.37 $349,394.91
143 $349,394.91 $1,610.13 $0.00 $1,975.53 $352,980.57
144 $352,980.57 $1,610.13 $0.00 $1,995.80 $356,586.50
145 $356,586.50 $1,610.13 $0.00 $2,016.19 $360,212.82
146 $360,212.82 $1,610.13 $0.00 $2,036.70 $363,859.65
147 $363,859.65 $1,610.13 $0.00 $2,057.32 $367,527.10
148 $367,527.10 $1,610.13 $0.00 $2,078.05 $371,215.28
149 $371,215.28 $1,610.13 $0.00 $2,098.91 $374,924.32
150 $374,924.32 $1,610.13 $0.00 $2,119.88 $378,654.33
151 $378,654.33 $1,610.13 $0.00 $2,140.97 $382,405.43
152 $382,405.43 $1,610.13 $0.00 $2,162.18 $386,177.74
153 $386,177.74 $1,610.13 $0.00 $2,183.51 $389,971.38
154 $389,971.38 $1,610.13 $0.00 $2,204.95 $393,786.46
155 $393,786.46 $1,610.13 $0.00 $2,226.53 $397,623.12
156 $397,623.12 $1,610.13 $0.00 $2,248.22 $401,481.47
157 $401,481.47 $1,610.13 $0.00 $2,270.03 $405,361.63
158 $405,361.63 $1,610.13 $0.00 $2,291.97 $409,263.73
159 $409,263.73 $1,610.13 $0.00 $2,314.04 $413,187.90
160 $413,187.90 $1,610.13 $0.00 $2,336.22 $417,134.25
161 $417,134.25 $1,610.13 $0.00 $2,358.54 $421,102.92
162 $421,102.92 $1,610.13 $0.00 $2,380.98 $425,094.03
163 $425,094.03 $1,610.13 $0.00 $2,403.54 $429,107.70
164 $429,107.70 $1,610.13 $0.00 $2,426.24 $433,144.07
165 $433,144.07 $1,610.13 $0.00 $2,449.06 $437,203.26
166 $437,203.26 $1,610.13 $0.00 $2,472.01 $441,285.40
167 $441,285.40 $1,610.13 $0.00 $2,495.09 $445,390.62
168 $445,390.62 $1,610.13 $0.00 $2,518.30 $449,519.05
169 $449,519.05 $1,610.13 $0.00 $2,541.65 $453,670.83
170 $453,670.83 $1,610.13 $0.00 $2,565.12 $457,846.08
171 $457,846.08 $1,610.13 $0.00 $2,588.73 $462,044.94
172 $462,044.94 $1,610.13 $0.00 $2,612.47 $466,267.54
173 $466,267.54 $1,610.13 $0.00 $2,636.34 $470,514.01
174 $470,514.01 $1,610.13 $0.00 $2,660.35 $474,784.49
175 $474,784.49 $1,610.13 $0.00 $2,684.50 $479,079.12
176 $479,079.12 $1,610.13 $0.00 $2,708.78 $483,398.03
177 $483,398.03 $1,610.13 $0.00 $2,733.20 $487,741.36
178 $487,741.36 $1,610.13 $0.00 $2,757.76 $492,109.25
179 $492,109.25 $1,610.13 $0.00 $2,782.46 $496,501.84
180 $496,501.84 $1,610.13 $0.00 $2,807.29 $500,919.26
181 $500,919.26 $1,610.13 $0.00 $2,832.27 $505,361.66
182 $505,361.66 $1,610.13 $0.00 $2,857.39 $509,829.18
183 $509,829.18 $1,610.13 $0.00 $2,882.65 $514,321.96
184 $514,321.96 $1,610.13 $0.00 $2,908.05 $518,840.14
185 $518,840.14 $1,610.13 $0.00 $2,933.60 $523,383.87
186 $523,383.87 $1,610.13 $0.00 $2,959.29 $527,953.29
187 $527,953.29 $1,610.13 $0.00 $2,985.12 $532,548.54
188 $532,548.54 $1,610.13 $0.00 $3,011.11 $537,169.78
189 $537,169.78 $1,610.13 $0.00 $3,037.24 $541,817.15
190 $541,817.15 $1,610.13 $0.00 $3,063.51 $546,490.79
191 $546,490.79 $1,610.13 $0.00 $3,089.94 $551,190.86
192 $551,190.86 $1,610.13 $0.00 $3,116.51 $555,917.50
193 $555,917.50 $1,610.13 $0.00 $3,143.24 $560,670.87
194 $560,670.87 $1,610.13 $0.00 $3,170.11 $565,451.11
195 $565,451.11 $1,610.13 $0.00 $3,197.14 $570,258.38
196 $570,258.38 $1,610.13 $0.00 $3,224.32 $575,092.83
197 $575,092.83 $1,610.13 $0.00 $3,251.66 $579,954.62
198 $579,954.62 $1,610.13 $0.00 $3,279.15 $584,843.90
199 $584,843.90 $1,610.13 $0.00 $3,306.79 $589,760.82
200 $589,760.82 $1,610.13 $0.00 $3,334.59 $594,705.54
201 $594,705.54 $1,610.13 $0.00 $3,362.55 $599,678.22
202 $599,678.22 $1,610.13 $0.00 $3,390.67 $604,679.02
203 $604,679.02 $1,610.13 $0.00 $3,418.94 $609,708.09
204 $609,708.09 $1,610.13 $0.00 $3,447.38 $614,765.60
205 $614,765.60 $1,610.13 $0.00 $3,475.97 $619,851.70
206 $619,851.70 $1,610.13 $0.00 $3,504.73 $624,966.56
207 $624,966.56 $1,610.13 $0.00 $3,533.65 $630,110.34
208 $630,110.34 $1,610.13 $0.00 $3,562.74 $635,283.21
209 $635,283.21 $1,610.13 $0.00 $3,591.98 $640,485.32
210 $640,485.32 $1,610.13 $0.00 $3,621.40 $645,716.85
211 $645,716.85 $1,610.13 $0.00 $3,650.98 $650,977.96
212 $650,977.96 $1,610.13 $0.00 $3,680.72 $656,268.81
213 $656,268.81 $1,610.13 $0.00 $3,710.64 $661,589.58
214 $661,589.58 $1,610.13 $0.00 $3,740.72 $666,940.43
215 $666,940.43 $1,610.13 $0.00 $3,770.98 $672,321.54
216 $672,321.54 $1,610.13 $0.00 $3,801.40 $677,733.07
217 $677,733.07 $1,610.13 $188,770.40 $3,832.00 $494,404.80
218 $494,404.80 $1,610.13 $0.00 $2,795.44 $498,810.37
219 $498,810.37 $1,610.13 $0.00 $2,820.35 $503,240.85
220 $503,240.85 $1,610.13 $0.00 $2,845.40 $507,696.38
221 $507,696.38 $1,610.13 $0.00 $2,870.59 $512,177.10
222 $512,177.10 $1,610.13 $0.00 $2,895.92 $516,683.15
223 $516,683.15 $1,610.13 $0.00 $2,921.40 $521,214.68
224 $521,214.68 $1,610.13 $0.00 $2,947.02 $525,771.83
225 $525,771.83 $1,610.13 $0.00 $2,972.79 $530,354.75
226 $530,354.75 $1,610.13 $0.00 $2,998.70 $534,963.58
227 $534,963.58 $1,610.13 $0.00 $3,024.76 $539,598.47
228 $539,598.47 $1,610.13 $0.00 $3,050.97 $544,259.57
229 $544,259.57 $1,610.13 $198,208.92 $3,077.32 $350,738.10
230 $350,738.10 $1,610.13 $0.00 $1,983.12 $354,331.35
231 $354,331.35 $1,610.13 $0.00 $2,003.44 $357,944.92
232 $357,944.92 $1,610.13 $0.00 $2,023.87 $361,578.92
233 $361,578.92 $1,610.13 $0.00 $2,044.42 $365,233.47
234 $365,233.47 $1,610.13 $0.00 $2,065.08 $368,908.68
235 $368,908.68 $1,610.13 $0.00 $2,085.86 $372,604.67
236 $372,604.67 $1,610.13 $0.00 $2,106.76 $376,321.56
237 $376,321.56 $1,610.13 $0.00 $2,127.78 $380,059.47
238 $380,059.47 $1,610.13 $0.00 $2,148.91 $383,818.51
239 $383,818.51 $1,610.13 $0.00 $2,170.17 $387,598.81
240 $387,598.81 $1,610.13 $0.00 $2,191.54 $391,400.48
241 $391,400.48 $1,610.13 $208,119.37 $2,213.04 $187,104.28
242 $187,104.28 $1,610.13 $0.00 $1,057.91 $189,772.32
243 $189,772.32 $1,610.13 $0.00 $1,073.00 $192,455.45
244 $192,455.45 $1,610.13 $0.00 $1,088.17 $195,153.75
245 $195,153.75 $1,610.13 $0.00 $1,103.43 $197,867.31
246 $197,867.31 $1,610.13 $0.00 $1,118.77 $200,596.21
247 $200,596.21 $1,610.13 $0.00 $1,134.20 $203,340.54
248 $203,340.54 $1,610.13 $0.00 $1,149.72 $206,100.39
249 $206,100.39 $1,610.13 $0.00 $1,165.32 $208,875.84
250 $208,875.84 $1,610.13 $0.00 $1,181.01 $211,666.98
251 $211,666.98 $1,610.13 $0.00 $1,196.80 $214,473.91
252 $214,473.91 $1,610.13 $0.00 $1,212.67 $217,296.71
253 $217,296.71 $0.00 $218,525.33 $1,228.63 $0.01