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 2040$196,674
Monthly savings required$1,557

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 $786,696.15 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,556.83 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$75,842.00
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 $1,556.83 $0.00 $0.00 $1,556.83
2 $1,556.83 $1,556.83 $0.00 $8.80 $3,122.46
3 $3,122.46 $1,556.83 $0.00 $17.65 $4,696.94
4 $4,696.94 $1,556.83 $0.00 $26.56 $6,280.33
5 $6,280.33 $1,556.83 $0.00 $35.51 $7,872.67
6 $7,872.67 $1,556.83 $0.00 $44.51 $9,474.01
7 $9,474.01 $1,556.83 $0.00 $53.57 $11,084.41
8 $11,084.41 $1,556.83 $0.00 $62.67 $12,703.91
9 $12,703.91 $1,556.83 $0.00 $71.83 $14,332.57
10 $14,332.57 $1,556.83 $0.00 $81.04 $15,970.44
11 $15,970.44 $1,556.83 $0.00 $90.30 $17,617.57
12 $17,617.57 $1,556.83 $0.00 $99.61 $19,274.01
13 $19,274.01 $1,556.83 $0.00 $108.98 $20,939.82
14 $20,939.82 $1,556.83 $0.00 $118.40 $22,615.05
15 $22,615.05 $1,556.83 $0.00 $127.87 $24,299.75
16 $24,299.75 $1,556.83 $0.00 $137.39 $25,993.97
17 $25,993.97 $1,556.83 $0.00 $146.97 $27,697.77
18 $27,697.77 $1,556.83 $0.00 $156.61 $29,411.21
19 $29,411.21 $1,556.83 $0.00 $166.30 $31,134.34
20 $31,134.34 $1,556.83 $0.00 $176.04 $32,867.21
21 $32,867.21 $1,556.83 $0.00 $185.84 $34,609.88
22 $34,609.88 $1,556.83 $0.00 $195.69 $36,362.40
23 $36,362.40 $1,556.83 $0.00 $205.60 $38,124.83
24 $38,124.83 $1,556.83 $0.00 $215.56 $39,897.22
25 $39,897.22 $1,556.83 $0.00 $225.58 $41,679.63
26 $41,679.63 $1,556.83 $0.00 $235.66 $43,472.12
27 $43,472.12 $1,556.83 $0.00 $245.80 $45,274.75
28 $45,274.75 $1,556.83 $0.00 $255.99 $47,087.57
29 $47,087.57 $1,556.83 $0.00 $266.24 $48,910.64
30 $48,910.64 $1,556.83 $0.00 $276.55 $50,744.02
31 $50,744.02 $1,556.83 $0.00 $286.91 $52,587.76
32 $52,587.76 $1,556.83 $0.00 $297.34 $54,441.93
33 $54,441.93 $1,556.83 $0.00 $307.82 $56,306.58
34 $56,306.58 $1,556.83 $0.00 $318.37 $58,181.78
35 $58,181.78 $1,556.83 $0.00 $328.97 $60,067.58
36 $60,067.58 $1,556.83 $0.00 $339.63 $61,964.04
37 $61,964.04 $1,556.83 $0.00 $350.35 $63,871.22
38 $63,871.22 $1,556.83 $0.00 $361.14 $65,789.19
39 $65,789.19 $1,556.83 $0.00 $371.98 $67,718.00
40 $67,718.00 $1,556.83 $0.00 $382.89 $69,657.72
41 $69,657.72 $1,556.83 $0.00 $393.85 $71,608.40
42 $71,608.40 $1,556.83 $0.00 $404.88 $73,570.11
43 $73,570.11 $1,556.83 $0.00 $415.98 $75,542.92
44 $75,542.92 $1,556.83 $0.00 $427.13 $77,526.88
45 $77,526.88 $1,556.83 $0.00 $438.35 $79,522.06
46 $79,522.06 $1,556.83 $0.00 $449.63 $81,528.52
47 $81,528.52 $1,556.83 $0.00 $460.97 $83,546.32
48 $83,546.32 $1,556.83 $0.00 $472.38 $85,575.53
49 $85,575.53 $1,556.83 $0.00 $483.86 $87,616.22
50 $87,616.22 $1,556.83 $0.00 $495.39 $89,668.44
51 $89,668.44 $1,556.83 $0.00 $507.00 $91,732.27
52 $91,732.27 $1,556.83 $0.00 $518.67 $93,807.77
53 $93,807.77 $1,556.83 $0.00 $530.40 $95,895.00
54 $95,895.00 $1,556.83 $0.00 $542.20 $97,994.03
55 $97,994.03 $1,556.83 $0.00 $554.07 $100,104.93
56 $100,104.93 $1,556.83 $0.00 $566.01 $102,227.77
57 $102,227.77 $1,556.83 $0.00 $578.01 $104,362.61
58 $104,362.61 $1,556.83 $0.00 $590.08 $106,509.52
59 $106,509.52 $1,556.83 $0.00 $602.22 $108,668.57
60 $108,668.57 $1,556.83 $0.00 $614.43 $110,839.83
61 $110,839.83 $1,556.83 $0.00 $626.70 $113,023.36
62 $113,023.36 $1,556.83 $0.00 $639.05 $115,219.24
63 $115,219.24 $1,556.83 $0.00 $651.47 $117,427.54
64 $117,427.54 $1,556.83 $0.00 $663.95 $119,648.32
65 $119,648.32 $1,556.83 $0.00 $676.51 $121,881.66
66 $121,881.66 $1,556.83 $0.00 $689.14 $124,127.63
67 $124,127.63 $1,556.83 $0.00 $701.84 $126,386.30
68 $126,386.30 $1,556.83 $0.00 $714.61 $128,657.74
69 $128,657.74 $1,556.83 $0.00 $727.45 $130,942.02
70 $130,942.02 $1,556.83 $0.00 $740.37 $133,239.22
71 $133,239.22 $1,556.83 $0.00 $753.35 $135,549.40
72 $135,549.40 $1,556.83 $0.00 $766.42 $137,872.65
73 $137,872.65 $1,556.83 $0.00 $779.55 $140,209.03
74 $140,209.03 $1,556.83 $0.00 $792.76 $142,558.62
75 $142,558.62 $1,556.83 $0.00 $806.05 $144,921.50
76 $144,921.50 $1,556.83 $0.00 $819.41 $147,297.74
77 $147,297.74 $1,556.83 $0.00 $832.84 $149,687.41
78 $149,687.41 $1,556.83 $0.00 $846.35 $152,090.59
79 $152,090.59 $1,556.83 $0.00 $859.94 $154,507.36
80 $154,507.36 $1,556.83 $0.00 $873.61 $156,937.80
81 $156,937.80 $1,556.83 $0.00 $887.35 $159,381.98
82 $159,381.98 $1,556.83 $0.00 $901.17 $161,839.98
83 $161,839.98 $1,556.83 $0.00 $915.07 $164,311.88
84 $164,311.88 $1,556.83 $0.00 $929.04 $166,797.75
85 $166,797.75 $1,556.83 $0.00 $943.10 $169,297.68
86 $169,297.68 $1,556.83 $0.00 $957.23 $171,811.74
87 $171,811.74 $1,556.83 $0.00 $971.45 $174,340.02
88 $174,340.02 $1,556.83 $0.00 $985.74 $176,882.59
89 $176,882.59 $1,556.83 $0.00 $1,000.12 $179,439.54
90 $179,439.54 $1,556.83 $0.00 $1,014.58 $182,010.95
91 $182,010.95 $1,556.83 $0.00 $1,029.12 $184,596.90
92 $184,596.90 $1,556.83 $0.00 $1,043.74 $187,197.47
93 $187,197.47 $1,556.83 $0.00 $1,058.44 $189,812.74
94 $189,812.74 $1,556.83 $0.00 $1,073.23 $192,442.80
95 $192,442.80 $1,556.83 $0.00 $1,088.10 $195,087.73
96 $195,087.73 $1,556.83 $0.00 $1,103.05 $197,747.61
97 $197,747.61 $1,556.83 $0.00 $1,118.09 $200,422.53
98 $200,422.53 $1,556.83 $0.00 $1,133.22 $203,112.58
99 $203,112.58 $1,556.83 $0.00 $1,148.43 $205,817.84
100 $205,817.84 $1,556.83 $0.00 $1,163.72 $208,538.39
101 $208,538.39 $1,556.83 $0.00 $1,179.11 $211,274.33
102 $211,274.33 $1,556.83 $0.00 $1,194.58 $214,025.74
103 $214,025.74 $1,556.83 $0.00 $1,210.13 $216,792.70
104 $216,792.70 $1,556.83 $0.00 $1,225.78 $219,575.31
105 $219,575.31 $1,556.83 $0.00 $1,241.51 $222,373.65
106 $222,373.65 $1,556.83 $0.00 $1,257.33 $225,187.81
107 $225,187.81 $1,556.83 $0.00 $1,273.24 $228,017.88
108 $228,017.88 $1,556.83 $0.00 $1,289.25 $230,863.96
109 $230,863.96 $1,556.83 $0.00 $1,305.34 $233,726.13
110 $233,726.13 $1,556.83 $0.00 $1,321.52 $236,604.48
111 $236,604.48 $1,556.83 $0.00 $1,337.80 $239,499.11
112 $239,499.11 $1,556.83 $0.00 $1,354.16 $242,410.10
113 $242,410.10 $1,556.83 $0.00 $1,370.62 $245,337.55
114 $245,337.55 $1,556.83 $0.00 $1,387.17 $248,281.55
115 $248,281.55 $1,556.83 $0.00 $1,403.82 $251,242.20
116 $251,242.20 $1,556.83 $0.00 $1,420.56 $254,219.59
117 $254,219.59 $1,556.83 $0.00 $1,437.39 $257,213.81
118 $257,213.81 $1,556.83 $0.00 $1,454.32 $260,224.96
119 $260,224.96 $1,556.83 $0.00 $1,471.35 $263,253.14
120 $263,253.14 $1,556.83 $0.00 $1,488.47 $266,298.44
121 $266,298.44 $1,556.83 $0.00 $1,505.69 $269,360.96
122 $269,360.96 $1,556.83 $0.00 $1,523.01 $272,440.80
123 $272,440.80 $1,556.83 $0.00 $1,540.42 $275,538.05
124 $275,538.05 $1,556.83 $0.00 $1,557.93 $278,652.81
125 $278,652.81 $1,556.83 $0.00 $1,575.54 $281,785.18
126 $281,785.18 $1,556.83 $0.00 $1,593.25 $284,935.26
127 $284,935.26 $1,556.83 $0.00 $1,611.07 $288,103.16
128 $288,103.16 $1,556.83 $0.00 $1,628.98 $291,288.97
129 $291,288.97 $1,556.83 $0.00 $1,646.99 $294,492.79
130 $294,492.79 $1,556.83 $0.00 $1,665.11 $297,714.73
131 $297,714.73 $1,556.83 $0.00 $1,683.32 $300,954.88
132 $300,954.88 $1,556.83 $0.00 $1,701.64 $304,213.35
133 $304,213.35 $1,556.83 $0.00 $1,720.07 $307,490.25
134 $307,490.25 $1,556.83 $0.00 $1,738.59 $310,785.67
135 $310,785.67 $1,556.83 $0.00 $1,757.23 $314,099.73
136 $314,099.73 $1,556.83 $0.00 $1,775.97 $317,432.53
137 $317,432.53 $1,556.83 $0.00 $1,794.81 $320,784.17
138 $320,784.17 $1,556.83 $0.00 $1,813.76 $324,154.76
139 $324,154.76 $1,556.83 $0.00 $1,832.82 $327,544.41
140 $327,544.41 $1,556.83 $0.00 $1,851.98 $330,953.22
141 $330,953.22 $1,556.83 $0.00 $1,871.26 $334,381.31
142 $334,381.31 $1,556.83 $0.00 $1,890.64 $337,828.78
143 $337,828.78 $1,556.83 $0.00 $1,910.13 $341,295.74
144 $341,295.74 $1,556.83 $0.00 $1,929.74 $344,782.31
145 $344,782.31 $1,556.83 $0.00 $1,949.45 $348,288.59
146 $348,288.59 $1,556.83 $0.00 $1,969.27 $351,814.69
147 $351,814.69 $1,556.83 $0.00 $1,989.21 $355,360.73
148 $355,360.73 $1,556.83 $0.00 $2,009.26 $358,926.82
149 $358,926.82 $1,556.83 $0.00 $2,029.42 $362,513.07
150 $362,513.07 $1,556.83 $0.00 $2,049.70 $366,119.60
151 $366,119.60 $1,556.83 $0.00 $2,070.09 $369,746.52
152 $369,746.52 $1,556.83 $0.00 $2,090.60 $373,393.95
153 $373,393.95 $1,556.83 $0.00 $2,111.22 $377,062.00
154 $377,062.00 $1,556.83 $0.00 $2,131.96 $380,750.79
155 $380,750.79 $1,556.83 $0.00 $2,152.82 $384,460.44
156 $384,460.44 $1,556.83 $0.00 $2,173.80 $388,191.07
157 $388,191.07 $1,556.83 $0.00 $2,194.89 $391,942.79
158 $391,942.79 $1,556.83 $0.00 $2,216.10 $395,715.72
159 $395,715.72 $1,556.83 $0.00 $2,237.43 $399,509.98
160 $399,509.98 $1,556.83 $0.00 $2,258.89 $403,325.70
161 $403,325.70 $1,556.83 $0.00 $2,280.46 $407,162.99
162 $407,162.99 $1,556.83 $0.00 $2,302.16 $411,021.98
163 $411,021.98 $1,556.83 $0.00 $2,323.98 $414,902.79
164 $414,902.79 $1,556.83 $0.00 $2,345.92 $418,805.54
165 $418,805.54 $1,556.83 $0.00 $2,367.99 $422,730.36
166 $422,730.36 $1,556.83 $0.00 $2,390.18 $426,677.37
167 $426,677.37 $1,556.83 $0.00 $2,412.50 $430,646.70
168 $430,646.70 $1,556.83 $0.00 $2,434.94 $434,638.47
169 $434,638.47 $1,556.83 $0.00 $2,457.51 $438,652.81
170 $438,652.81 $1,556.83 $0.00 $2,480.21 $442,689.85
171 $442,689.85 $1,556.83 $0.00 $2,503.03 $446,749.71
172 $446,749.71 $1,556.83 $0.00 $2,525.99 $450,832.53
173 $450,832.53 $1,556.83 $0.00 $2,549.07 $454,938.43
174 $454,938.43 $1,556.83 $0.00 $2,572.29 $459,067.55
175 $459,067.55 $1,556.83 $0.00 $2,595.63 $463,220.01
176 $463,220.01 $1,556.83 $0.00 $2,619.11 $467,395.95
177 $467,395.95 $1,556.83 $0.00 $2,642.72 $471,595.50
178 $471,595.50 $1,556.83 $0.00 $2,666.47 $475,818.80
179 $475,818.80 $1,556.83 $0.00 $2,690.35 $480,065.98
180 $480,065.98 $1,556.83 $0.00 $2,714.36 $484,337.17
181 $484,337.17 $1,556.83 $0.00 $2,738.51 $488,632.51
182 $488,632.51 $1,556.83 $0.00 $2,762.80 $492,952.14
183 $492,952.14 $1,556.83 $0.00 $2,787.22 $497,296.19
184 $497,296.19 $1,556.83 $0.00 $2,811.78 $501,664.80
185 $501,664.80 $1,556.83 $0.00 $2,836.49 $506,058.12
186 $506,058.12 $1,556.83 $0.00 $2,861.33 $510,476.28
187 $510,476.28 $1,556.83 $0.00 $2,886.31 $514,919.42
188 $514,919.42 $1,556.83 $0.00 $2,911.43 $519,387.68
189 $519,387.68 $1,556.83 $0.00 $2,936.69 $523,881.20
190 $523,881.20 $1,556.83 $0.00 $2,962.10 $528,400.13
191 $528,400.13 $1,556.83 $0.00 $2,987.65 $532,944.61
192 $532,944.61 $1,556.83 $0.00 $3,013.35 $537,514.79
193 $537,514.79 $1,556.83 $0.00 $3,039.19 $542,110.81
194 $542,110.81 $1,556.83 $0.00 $3,065.17 $546,732.81
195 $546,732.81 $1,556.83 $0.00 $3,091.31 $551,380.95
196 $551,380.95 $1,556.83 $0.00 $3,117.59 $556,055.37
197 $556,055.37 $1,556.83 $0.00 $3,144.02 $560,756.22
198 $560,756.22 $1,556.83 $0.00 $3,170.60 $565,483.65
199 $565,483.65 $1,556.83 $0.00 $3,197.33 $570,237.81
200 $570,237.81 $1,556.83 $0.00 $3,224.21 $575,018.85
201 $575,018.85 $1,556.83 $0.00 $3,251.24 $579,826.92
202 $579,826.92 $1,556.83 $0.00 $3,278.43 $584,662.18
203 $584,662.18 $1,556.83 $0.00 $3,305.76 $589,524.77
204 $589,524.77 $1,556.83 $0.00 $3,333.26 $594,414.86
205 $594,414.86 $1,556.83 $0.00 $3,360.91 $599,332.60
206 $599,332.60 $1,556.83 $0.00 $3,388.71 $604,278.14
207 $604,278.14 $1,556.83 $0.00 $3,416.68 $609,251.65
208 $609,251.65 $1,556.83 $0.00 $3,444.80 $614,253.28
209 $614,253.28 $1,556.83 $0.00 $3,473.08 $619,283.19
210 $619,283.19 $1,556.83 $0.00 $3,501.52 $624,341.54
211 $624,341.54 $1,556.83 $0.00 $3,530.12 $629,428.49
212 $629,428.49 $1,556.83 $0.00 $3,558.88 $634,544.20
213 $634,544.20 $1,556.83 $0.00 $3,587.81 $639,688.84
214 $639,688.84 $1,556.83 $0.00 $3,616.89 $644,862.56
215 $644,862.56 $1,556.83 $0.00 $3,646.15 $650,065.54
216 $650,065.54 $1,556.83 $0.00 $3,675.57 $655,297.94
217 $655,297.94 $1,556.83 $182,522.82 $3,705.15 $478,037.10
218 $478,037.10 $1,556.83 $0.00 $2,702.89 $482,296.82
219 $482,296.82 $1,556.83 $0.00 $2,726.98 $486,580.63
220 $486,580.63 $1,556.83 $0.00 $2,751.20 $490,888.66
221 $490,888.66 $1,556.83 $0.00 $2,775.56 $495,221.05
222 $495,221.05 $1,556.83 $0.00 $2,800.05 $499,577.93
223 $499,577.93 $1,556.83 $0.00 $2,824.69 $503,959.45
224 $503,959.45 $1,556.83 $0.00 $2,849.46 $508,365.74
225 $508,365.74 $1,556.83 $0.00 $2,874.37 $512,796.94
226 $512,796.94 $1,556.83 $0.00 $2,899.43 $517,253.20
227 $517,253.20 $1,556.83 $0.00 $2,924.62 $521,734.65
228 $521,734.65 $1,556.83 $0.00 $2,949.96 $526,241.44
229 $526,241.44 $1,556.83 $191,648.96 $2,975.45 $339,124.76
230 $339,124.76 $1,556.83 $0.00 $1,917.46 $342,599.05
231 $342,599.05 $1,556.83 $0.00 $1,937.10 $346,092.98
232 $346,092.98 $1,556.83 $0.00 $1,956.86 $349,606.67
233 $349,606.67 $1,556.83 $0.00 $1,976.73 $353,140.23
234 $353,140.23 $1,556.83 $0.00 $1,996.71 $356,693.77
235 $356,693.77 $1,556.83 $0.00 $2,016.80 $360,267.40
236 $360,267.40 $1,556.83 $0.00 $2,037.00 $363,861.23
237 $363,861.23 $1,556.83 $0.00 $2,057.32 $367,475.38
238 $367,475.38 $1,556.83 $0.00 $2,077.76 $371,109.97
239 $371,109.97 $1,556.83 $0.00 $2,098.31 $374,765.11
240 $374,765.11 $1,556.83 $0.00 $2,118.98 $378,440.92
241 $378,440.92 $1,556.83 $201,231.40 $2,139.76 $180,906.11
242 $180,906.11 $1,556.83 $0.00 $1,022.87 $183,485.81
243 $183,485.81 $1,556.83 $0.00 $1,037.46 $186,080.10
244 $186,080.10 $1,556.83 $0.00 $1,052.12 $188,689.05
245 $188,689.05 $1,556.83 $0.00 $1,066.88 $191,312.76
246 $191,312.76 $1,556.83 $0.00 $1,081.71 $193,951.30
247 $193,951.30 $1,556.83 $0.00 $1,096.63 $196,604.76
248 $196,604.76 $1,556.83 $0.00 $1,111.63 $199,273.22
249 $199,273.22 $1,556.83 $0.00 $1,126.72 $201,956.77
250 $201,956.77 $1,556.83 $0.00 $1,141.89 $204,655.49
251 $204,655.49 $1,556.83 $0.00 $1,157.15 $207,369.47
252 $207,369.47 $1,556.83 $0.00 $1,172.50 $210,098.80
253 $210,098.80 $0.00 $211,292.97 $1,187.93 ($6.24)