Savings Plan and Future Cost Estimation for Suffolk University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$165,431
Monthly savings required$1,310

How much will it cost to send your child to Suffolk University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $661,724.30 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,309.52 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$63,794.00
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 $1,309.52 $0.00 $0.00 $1,309.52
2 $1,309.52 $1,309.52 $0.00 $7.40 $2,626.44
3 $2,626.44 $1,309.52 $0.00 $14.85 $3,950.81
4 $3,950.81 $1,309.52 $0.00 $22.34 $5,282.67
5 $5,282.67 $1,309.52 $0.00 $29.87 $6,622.06
6 $6,622.06 $1,309.52 $0.00 $37.44 $7,969.02
7 $7,969.02 $1,309.52 $0.00 $45.06 $9,323.60
8 $9,323.60 $1,309.52 $0.00 $52.72 $10,685.84
9 $10,685.84 $1,309.52 $0.00 $60.42 $12,055.78
10 $12,055.78 $1,309.52 $0.00 $68.17 $13,433.47
11 $13,433.47 $1,309.52 $0.00 $75.95 $14,818.94
12 $14,818.94 $1,309.52 $0.00 $83.79 $16,212.25
13 $16,212.25 $1,309.52 $0.00 $91.67 $17,613.44
14 $17,613.44 $1,309.52 $0.00 $99.59 $19,022.55
15 $19,022.55 $1,309.52 $0.00 $107.56 $20,439.63
16 $20,439.63 $1,309.52 $0.00 $115.57 $21,864.72
17 $21,864.72 $1,309.52 $0.00 $123.63 $23,297.87
18 $23,297.87 $1,309.52 $0.00 $131.73 $24,739.12
19 $24,739.12 $1,309.52 $0.00 $139.88 $26,188.52
20 $26,188.52 $1,309.52 $0.00 $148.07 $27,646.11
21 $27,646.11 $1,309.52 $0.00 $156.32 $29,111.95
22 $29,111.95 $1,309.52 $0.00 $164.60 $30,586.07
23 $30,586.07 $1,309.52 $0.00 $172.94 $32,068.53
24 $32,068.53 $1,309.52 $0.00 $181.32 $33,559.37
25 $33,559.37 $1,309.52 $0.00 $189.75 $35,058.64
26 $35,058.64 $1,309.52 $0.00 $198.23 $36,566.39
27 $36,566.39 $1,309.52 $0.00 $206.75 $38,082.66
28 $38,082.66 $1,309.52 $0.00 $215.32 $39,607.50
29 $39,607.50 $1,309.52 $0.00 $223.95 $41,140.97
30 $41,140.97 $1,309.52 $0.00 $232.62 $42,683.11
31 $42,683.11 $1,309.52 $0.00 $241.34 $44,233.97
32 $44,233.97 $1,309.52 $0.00 $250.11 $45,793.60
33 $45,793.60 $1,309.52 $0.00 $258.92 $47,362.04
34 $47,362.04 $1,309.52 $0.00 $267.79 $48,939.35
35 $48,939.35 $1,309.52 $0.00 $276.71 $50,525.58
36 $50,525.58 $1,309.52 $0.00 $285.68 $52,120.78
37 $52,120.78 $1,309.52 $0.00 $294.70 $53,725.00
38 $53,725.00 $1,309.52 $0.00 $303.77 $55,338.29
39 $55,338.29 $1,309.52 $0.00 $312.89 $56,960.70
40 $56,960.70 $1,309.52 $0.00 $322.06 $58,592.28
41 $58,592.28 $1,309.52 $0.00 $331.29 $60,233.09
42 $60,233.09 $1,309.52 $0.00 $340.57 $61,883.18
43 $61,883.18 $1,309.52 $0.00 $349.90 $63,542.60
44 $63,542.60 $1,309.52 $0.00 $359.28 $65,211.40
45 $65,211.40 $1,309.52 $0.00 $368.71 $66,889.63
46 $66,889.63 $1,309.52 $0.00 $378.20 $68,577.35
47 $68,577.35 $1,309.52 $0.00 $387.75 $70,274.62
48 $70,274.62 $1,309.52 $0.00 $397.34 $71,981.48
49 $71,981.48 $1,309.52 $0.00 $406.99 $73,697.99
50 $73,697.99 $1,309.52 $0.00 $416.70 $75,424.21
51 $75,424.21 $1,309.52 $0.00 $426.46 $77,160.19
52 $77,160.19 $1,309.52 $0.00 $436.27 $78,905.98
53 $78,905.98 $1,309.52 $0.00 $446.15 $80,661.65
54 $80,661.65 $1,309.52 $0.00 $456.07 $82,427.24
55 $82,427.24 $1,309.52 $0.00 $466.06 $84,202.82
56 $84,202.82 $1,309.52 $0.00 $476.09 $85,988.43
57 $85,988.43 $1,309.52 $0.00 $486.19 $87,784.14
58 $87,784.14 $1,309.52 $0.00 $496.34 $89,590.00
59 $89,590.00 $1,309.52 $0.00 $506.55 $91,406.07
60 $91,406.07 $1,309.52 $0.00 $516.82 $93,232.41
61 $93,232.41 $1,309.52 $0.00 $527.15 $95,069.08
62 $95,069.08 $1,309.52 $0.00 $537.53 $96,916.13
63 $96,916.13 $1,309.52 $0.00 $547.98 $98,773.63
64 $98,773.63 $1,309.52 $0.00 $558.48 $100,641.63
65 $100,641.63 $1,309.52 $0.00 $569.04 $102,520.19
66 $102,520.19 $1,309.52 $0.00 $579.66 $104,409.37
67 $104,409.37 $1,309.52 $0.00 $590.35 $106,309.24
68 $106,309.24 $1,309.52 $0.00 $601.09 $108,219.85
69 $108,219.85 $1,309.52 $0.00 $611.89 $110,141.26
70 $110,141.26 $1,309.52 $0.00 $622.75 $112,073.53
71 $112,073.53 $1,309.52 $0.00 $633.68 $114,016.73
72 $114,016.73 $1,309.52 $0.00 $644.67 $115,970.92
73 $115,970.92 $1,309.52 $0.00 $655.72 $117,936.16
74 $117,936.16 $1,309.52 $0.00 $666.83 $119,912.51
75 $119,912.51 $1,309.52 $0.00 $678.00 $121,900.03
76 $121,900.03 $1,309.52 $0.00 $689.24 $123,898.79
77 $123,898.79 $1,309.52 $0.00 $700.54 $125,908.85
78 $125,908.85 $1,309.52 $0.00 $711.91 $127,930.28
79 $127,930.28 $1,309.52 $0.00 $723.34 $129,963.14
80 $129,963.14 $1,309.52 $0.00 $734.83 $132,007.49
81 $132,007.49 $1,309.52 $0.00 $746.39 $134,063.40
82 $134,063.40 $1,309.52 $0.00 $758.01 $136,130.93
83 $136,130.93 $1,309.52 $0.00 $769.70 $138,210.15
84 $138,210.15 $1,309.52 $0.00 $781.46 $140,301.13
85 $140,301.13 $1,309.52 $0.00 $793.28 $142,403.93
86 $142,403.93 $1,309.52 $0.00 $805.17 $144,518.62
87 $144,518.62 $1,309.52 $0.00 $817.13 $146,645.27
88 $146,645.27 $1,309.52 $0.00 $829.15 $148,783.94
89 $148,783.94 $1,309.52 $0.00 $841.25 $150,934.71
90 $150,934.71 $1,309.52 $0.00 $853.41 $153,097.64
91 $153,097.64 $1,309.52 $0.00 $865.64 $155,272.80
92 $155,272.80 $1,309.52 $0.00 $877.93 $157,460.25
93 $157,460.25 $1,309.52 $0.00 $890.30 $159,660.07
94 $159,660.07 $1,309.52 $0.00 $902.74 $161,872.33
95 $161,872.33 $1,309.52 $0.00 $915.25 $164,097.10
96 $164,097.10 $1,309.52 $0.00 $927.83 $166,334.45
97 $166,334.45 $1,309.52 $0.00 $940.48 $168,584.45
98 $168,584.45 $1,309.52 $0.00 $953.20 $170,847.17
99 $170,847.17 $1,309.52 $0.00 $965.99 $173,122.68
100 $173,122.68 $1,309.52 $0.00 $978.86 $175,411.06
101 $175,411.06 $1,309.52 $0.00 $991.80 $177,712.38
102 $177,712.38 $1,309.52 $0.00 $1,004.81 $180,026.71
103 $180,026.71 $1,309.52 $0.00 $1,017.90 $182,354.13
104 $182,354.13 $1,309.52 $0.00 $1,031.06 $184,694.71
105 $184,694.71 $1,309.52 $0.00 $1,044.29 $187,048.52
106 $187,048.52 $1,309.52 $0.00 $1,057.60 $189,415.64
107 $189,415.64 $1,309.52 $0.00 $1,070.98 $191,796.14
108 $191,796.14 $1,309.52 $0.00 $1,084.44 $194,190.10
109 $194,190.10 $1,309.52 $0.00 $1,097.98 $196,597.60
110 $196,597.60 $1,309.52 $0.00 $1,111.59 $199,018.71
111 $199,018.71 $1,309.52 $0.00 $1,125.28 $201,453.51
112 $201,453.51 $1,309.52 $0.00 $1,139.05 $203,902.08
113 $203,902.08 $1,309.52 $0.00 $1,152.89 $206,364.49
114 $206,364.49 $1,309.52 $0.00 $1,166.81 $208,840.82
115 $208,840.82 $1,309.52 $0.00 $1,180.82 $211,331.16
116 $211,331.16 $1,309.52 $0.00 $1,194.90 $213,835.58
117 $213,835.58 $1,309.52 $0.00 $1,209.06 $216,354.16
118 $216,354.16 $1,309.52 $0.00 $1,223.30 $218,886.98
119 $218,886.98 $1,309.52 $0.00 $1,237.62 $221,434.12
120 $221,434.12 $1,309.52 $0.00 $1,252.02 $223,995.66
121 $223,995.66 $1,309.52 $0.00 $1,266.50 $226,571.68
122 $226,571.68 $1,309.52 $0.00 $1,281.07 $229,162.27
123 $229,162.27 $1,309.52 $0.00 $1,295.72 $231,767.51
124 $231,767.51 $1,309.52 $0.00 $1,310.45 $234,387.48
125 $234,387.48 $1,309.52 $0.00 $1,325.26 $237,022.26
126 $237,022.26 $1,309.52 $0.00 $1,340.16 $239,671.94
127 $239,671.94 $1,309.52 $0.00 $1,355.14 $242,336.60
128 $242,336.60 $1,309.52 $0.00 $1,370.21 $245,016.33
129 $245,016.33 $1,309.52 $0.00 $1,385.36 $247,711.21
130 $247,711.21 $1,309.52 $0.00 $1,400.60 $250,421.33
131 $250,421.33 $1,309.52 $0.00 $1,415.92 $253,146.77
132 $253,146.77 $1,309.52 $0.00 $1,431.33 $255,887.62
133 $255,887.62 $1,309.52 $0.00 $1,446.83 $258,643.97
134 $258,643.97 $1,309.52 $0.00 $1,462.41 $261,415.90
135 $261,415.90 $1,309.52 $0.00 $1,478.08 $264,203.50
136 $264,203.50 $1,309.52 $0.00 $1,493.85 $267,006.87
137 $267,006.87 $1,309.52 $0.00 $1,509.70 $269,826.09
138 $269,826.09 $1,309.52 $0.00 $1,525.64 $272,661.25
139 $272,661.25 $1,309.52 $0.00 $1,541.67 $275,512.44
140 $275,512.44 $1,309.52 $0.00 $1,557.79 $278,379.75
141 $278,379.75 $1,309.52 $0.00 $1,574.00 $281,263.27
142 $281,263.27 $1,309.52 $0.00 $1,590.30 $284,163.09
143 $284,163.09 $1,309.52 $0.00 $1,606.70 $287,079.31
144 $287,079.31 $1,309.52 $0.00 $1,623.19 $290,012.02
145 $290,012.02 $1,309.52 $0.00 $1,639.77 $292,961.31
146 $292,961.31 $1,309.52 $0.00 $1,656.45 $295,927.28
147 $295,927.28 $1,309.52 $0.00 $1,673.22 $298,910.02
148 $298,910.02 $1,309.52 $0.00 $1,690.08 $301,909.62
149 $301,909.62 $1,309.52 $0.00 $1,707.04 $304,926.18
150 $304,926.18 $1,309.52 $0.00 $1,724.10 $307,959.80
151 $307,959.80 $1,309.52 $0.00 $1,741.25 $311,010.57
152 $311,010.57 $1,309.52 $0.00 $1,758.50 $314,078.59
153 $314,078.59 $1,309.52 $0.00 $1,775.85 $317,163.96
154 $317,163.96 $1,309.52 $0.00 $1,793.29 $320,266.77
155 $320,266.77 $1,309.52 $0.00 $1,810.83 $323,387.12
156 $323,387.12 $1,309.52 $0.00 $1,828.48 $326,525.12
157 $326,525.12 $1,309.52 $0.00 $1,846.22 $329,680.86
158 $329,680.86 $1,309.52 $0.00 $1,864.06 $332,854.44
159 $332,854.44 $1,309.52 $0.00 $1,882.01 $336,045.97
160 $336,045.97 $1,309.52 $0.00 $1,900.05 $339,255.54
161 $339,255.54 $1,309.52 $0.00 $1,918.20 $342,483.26
162 $342,483.26 $1,309.52 $0.00 $1,936.45 $345,729.23
163 $345,729.23 $1,309.52 $0.00 $1,954.80 $348,993.55
164 $348,993.55 $1,309.52 $0.00 $1,973.26 $352,276.33
165 $352,276.33 $1,309.52 $0.00 $1,991.82 $355,577.67
166 $355,577.67 $1,309.52 $0.00 $2,010.49 $358,897.68
167 $358,897.68 $1,309.52 $0.00 $2,029.26 $362,236.46
168 $362,236.46 $1,309.52 $0.00 $2,048.14 $365,594.12
169 $365,594.12 $1,309.52 $0.00 $2,067.12 $368,970.76
170 $368,970.76 $1,309.52 $0.00 $2,086.21 $372,366.49
171 $372,366.49 $1,309.52 $0.00 $2,105.41 $375,781.42
172 $375,781.42 $1,309.52 $0.00 $2,124.72 $379,215.66
173 $379,215.66 $1,309.52 $0.00 $2,144.14 $382,669.32
174 $382,669.32 $1,309.52 $0.00 $2,163.67 $386,142.51
175 $386,142.51 $1,309.52 $0.00 $2,183.31 $389,635.34
176 $389,635.34 $1,309.52 $0.00 $2,203.05 $393,147.91
177 $393,147.91 $1,309.52 $0.00 $2,222.92 $396,680.35
178 $396,680.35 $1,309.52 $0.00 $2,242.89 $400,232.76
179 $400,232.76 $1,309.52 $0.00 $2,262.97 $403,805.25
180 $403,805.25 $1,309.52 $0.00 $2,283.17 $407,397.94
181 $407,397.94 $1,309.52 $0.00 $2,303.49 $411,010.95
182 $411,010.95 $1,309.52 $0.00 $2,323.92 $414,644.39
183 $414,644.39 $1,309.52 $0.00 $2,344.46 $418,298.37
184 $418,298.37 $1,309.52 $0.00 $2,365.12 $421,973.01
185 $421,973.01 $1,309.52 $0.00 $2,385.90 $425,668.43
186 $425,668.43 $1,309.52 $0.00 $2,406.79 $429,384.74
187 $429,384.74 $1,309.52 $0.00 $2,427.80 $433,122.06
188 $433,122.06 $1,309.52 $0.00 $2,448.94 $436,880.52
189 $436,880.52 $1,309.52 $0.00 $2,470.19 $440,660.23
190 $440,660.23 $1,309.52 $0.00 $2,491.56 $444,461.31
191 $444,461.31 $1,309.52 $0.00 $2,513.05 $448,283.88
192 $448,283.88 $1,309.52 $0.00 $2,534.66 $452,128.06
193 $452,128.06 $1,309.52 $0.00 $2,556.40 $455,993.98
194 $455,993.98 $1,309.52 $0.00 $2,578.26 $459,881.76
195 $459,881.76 $1,309.52 $0.00 $2,600.24 $463,791.52
196 $463,791.52 $1,309.52 $0.00 $2,622.34 $467,723.38
197 $467,723.38 $1,309.52 $0.00 $2,644.58 $471,677.48
198 $471,677.48 $1,309.52 $0.00 $2,666.93 $475,653.93
199 $475,653.93 $1,309.52 $0.00 $2,689.42 $479,652.87
200 $479,652.87 $1,309.52 $0.00 $2,712.03 $483,674.42
201 $483,674.42 $1,309.52 $0.00 $2,734.77 $487,718.71
202 $487,718.71 $1,309.52 $0.00 $2,757.63 $491,785.86
203 $491,785.86 $1,309.52 $0.00 $2,780.63 $495,876.01
204 $495,876.01 $1,309.52 $0.00 $2,803.76 $499,989.29
205 $499,989.29 $1,309.52 $0.00 $2,827.01 $504,125.82
206 $504,125.82 $1,309.52 $0.00 $2,850.40 $508,285.74
207 $508,285.74 $1,309.52 $0.00 $2,873.92 $512,469.18
208 $512,469.18 $1,309.52 $0.00 $2,897.58 $516,676.28
209 $516,676.28 $1,309.52 $0.00 $2,921.36 $520,907.16
210 $520,907.16 $1,309.52 $0.00 $2,945.28 $525,161.96
211 $525,161.96 $1,309.52 $0.00 $2,969.34 $529,440.82
212 $529,440.82 $1,309.52 $0.00 $2,993.54 $533,743.88
213 $533,743.88 $1,309.52 $0.00 $3,017.87 $538,071.27
214 $538,071.27 $1,309.52 $0.00 $3,042.33 $542,423.12
215 $542,423.12 $1,309.52 $0.00 $3,066.94 $546,799.58
216 $546,799.58 $1,309.52 $0.00 $3,091.68 $551,200.78
217 $551,200.78 $1,309.52 $153,527.87 $3,116.57 $402,099.00
218 $402,099.00 $1,309.52 $0.00 $2,273.53 $405,682.05
219 $405,682.05 $1,309.52 $0.00 $2,293.79 $409,285.36
220 $409,285.36 $1,309.52 $0.00 $2,314.16 $412,909.04
221 $412,909.04 $1,309.52 $0.00 $2,334.65 $416,553.21
222 $416,553.21 $1,309.52 $0.00 $2,355.25 $420,217.98
223 $420,217.98 $1,309.52 $0.00 $2,375.97 $423,903.47
224 $423,903.47 $1,309.52 $0.00 $2,396.81 $427,609.80
225 $427,609.80 $1,309.52 $0.00 $2,417.77 $431,337.09
226 $431,337.09 $1,309.52 $0.00 $2,438.84 $435,085.45
227 $435,085.45 $1,309.52 $0.00 $2,460.04 $438,855.01
228 $438,855.01 $1,309.52 $0.00 $2,481.35 $442,645.88
229 $442,645.88 $1,309.52 $161,204.26 $2,502.78 $285,253.92
230 $285,253.92 $1,309.52 $0.00 $1,612.87 $288,176.31
231 $288,176.31 $1,309.52 $0.00 $1,629.39 $291,115.22
232 $291,115.22 $1,309.52 $0.00 $1,646.01 $294,070.75
233 $294,070.75 $1,309.52 $0.00 $1,662.72 $297,042.99
234 $297,042.99 $1,309.52 $0.00 $1,679.52 $300,032.03
235 $300,032.03 $1,309.52 $0.00 $1,696.42 $303,037.97
236 $303,037.97 $1,309.52 $0.00 $1,713.42 $306,060.91
237 $306,060.91 $1,309.52 $0.00 $1,730.51 $309,100.94
238 $309,100.94 $1,309.52 $0.00 $1,747.70 $312,158.16
239 $312,158.16 $1,309.52 $0.00 $1,764.99 $315,232.67
240 $315,232.67 $1,309.52 $0.00 $1,782.37 $318,324.56
241 $318,324.56 $1,309.52 $169,264.47 $1,799.85 $152,169.46
242 $152,169.46 $1,309.52 $0.00 $860.39 $154,339.37
243 $154,339.37 $1,309.52 $0.00 $872.66 $156,521.55
244 $156,521.55 $1,309.52 $0.00 $885.00 $158,716.07
245 $158,716.07 $1,309.52 $0.00 $897.40 $160,922.99
246 $160,922.99 $1,309.52 $0.00 $909.88 $163,142.39
247 $163,142.39 $1,309.52 $0.00 $922.43 $165,374.34
248 $165,374.34 $1,309.52 $0.00 $935.05 $167,618.91
249 $167,618.91 $1,309.52 $0.00 $947.74 $169,876.17
250 $169,876.17 $1,309.52 $0.00 $960.50 $172,146.19
251 $172,146.19 $1,309.52 $0.00 $973.34 $174,429.05
252 $174,429.05 $1,309.52 $0.00 $986.25 $176,724.82
253 $176,724.82 $0.00 $177,727.70 $999.23 ($3.65)