Savings Plan and Future Cost Estimation for Tufts University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$204,863
Monthly savings required$1,622

How much will it cost to send your child to Tufts University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $819,453.55 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,621.67 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$79,000.00
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 $1,621.67 $0.00 $0.00 $1,621.67
2 $1,621.67 $1,621.67 $0.00 $9.17 $3,252.51
3 $3,252.51 $1,621.67 $0.00 $18.39 $4,892.57
4 $4,892.57 $1,621.67 $0.00 $27.66 $6,541.90
5 $6,541.90 $1,621.67 $0.00 $36.99 $8,200.56
6 $8,200.56 $1,621.67 $0.00 $46.37 $9,868.60
7 $9,868.60 $1,621.67 $0.00 $55.80 $11,546.07
8 $11,546.07 $1,621.67 $0.00 $65.28 $13,233.02
9 $13,233.02 $1,621.67 $0.00 $74.82 $14,929.51
10 $14,929.51 $1,621.67 $0.00 $84.41 $16,635.59
11 $16,635.59 $1,621.67 $0.00 $94.06 $18,351.32
12 $18,351.32 $1,621.67 $0.00 $103.76 $20,076.75
13 $20,076.75 $1,621.67 $0.00 $113.52 $21,811.94
14 $21,811.94 $1,621.67 $0.00 $123.33 $23,556.94
15 $23,556.94 $1,621.67 $0.00 $133.19 $25,311.80
16 $25,311.80 $1,621.67 $0.00 $143.12 $27,076.59
17 $27,076.59 $1,621.67 $0.00 $153.09 $28,851.35
18 $28,851.35 $1,621.67 $0.00 $163.13 $30,636.15
19 $30,636.15 $1,621.67 $0.00 $173.22 $32,431.04
20 $32,431.04 $1,621.67 $0.00 $183.37 $34,236.08
21 $34,236.08 $1,621.67 $0.00 $193.58 $36,051.33
22 $36,051.33 $1,621.67 $0.00 $203.84 $37,876.84
23 $37,876.84 $1,621.67 $0.00 $214.16 $39,712.67
24 $39,712.67 $1,621.67 $0.00 $224.54 $41,558.88
25 $41,558.88 $1,621.67 $0.00 $234.98 $43,415.53
26 $43,415.53 $1,621.67 $0.00 $245.48 $45,282.68
27 $45,282.68 $1,621.67 $0.00 $256.03 $47,160.38
28 $47,160.38 $1,621.67 $0.00 $266.65 $49,048.70
29 $49,048.70 $1,621.67 $0.00 $277.33 $50,947.70
30 $50,947.70 $1,621.67 $0.00 $288.07 $52,857.44
31 $52,857.44 $1,621.67 $0.00 $298.86 $54,777.97
32 $54,777.97 $1,621.67 $0.00 $309.72 $56,709.36
33 $56,709.36 $1,621.67 $0.00 $320.64 $58,651.67
34 $58,651.67 $1,621.67 $0.00 $331.63 $60,604.97
35 $60,604.97 $1,621.67 $0.00 $342.67 $62,569.31
36 $62,569.31 $1,621.67 $0.00 $353.78 $64,544.76
37 $64,544.76 $1,621.67 $0.00 $364.95 $66,531.38
38 $66,531.38 $1,621.67 $0.00 $376.18 $68,529.23
39 $68,529.23 $1,621.67 $0.00 $387.47 $70,538.37
40 $70,538.37 $1,621.67 $0.00 $398.83 $72,558.87
41 $72,558.87 $1,621.67 $0.00 $410.26 $74,590.80
42 $74,590.80 $1,621.67 $0.00 $421.75 $76,634.22
43 $76,634.22 $1,621.67 $0.00 $433.30 $78,689.19
44 $78,689.19 $1,621.67 $0.00 $444.92 $80,755.78
45 $80,755.78 $1,621.67 $0.00 $456.60 $82,834.05
46 $82,834.05 $1,621.67 $0.00 $468.36 $84,924.08
47 $84,924.08 $1,621.67 $0.00 $480.17 $87,025.92
48 $87,025.92 $1,621.67 $0.00 $492.06 $89,139.65
49 $89,139.65 $1,621.67 $0.00 $504.01 $91,265.33
50 $91,265.33 $1,621.67 $0.00 $516.03 $93,403.03
51 $93,403.03 $1,621.67 $0.00 $528.11 $95,552.81
52 $95,552.81 $1,621.67 $0.00 $540.27 $97,714.75
53 $97,714.75 $1,621.67 $0.00 $552.49 $99,888.91
54 $99,888.91 $1,621.67 $0.00 $564.79 $102,075.37
55 $102,075.37 $1,621.67 $0.00 $577.15 $104,274.19
56 $104,274.19 $1,621.67 $0.00 $589.58 $106,485.44
57 $106,485.44 $1,621.67 $0.00 $602.08 $108,709.19
58 $108,709.19 $1,621.67 $0.00 $614.66 $110,945.52
59 $110,945.52 $1,621.67 $0.00 $627.30 $113,194.49
60 $113,194.49 $1,621.67 $0.00 $640.02 $115,456.18
61 $115,456.18 $1,621.67 $0.00 $652.81 $117,730.66
62 $117,730.66 $1,621.67 $0.00 $665.67 $120,018.00
63 $120,018.00 $1,621.67 $0.00 $678.60 $122,318.27
64 $122,318.27 $1,621.67 $0.00 $691.61 $124,631.55
65 $124,631.55 $1,621.67 $0.00 $704.68 $126,957.90
66 $126,957.90 $1,621.67 $0.00 $717.84 $129,297.41
67 $129,297.41 $1,621.67 $0.00 $731.07 $131,650.15
68 $131,650.15 $1,621.67 $0.00 $744.37 $134,016.19
69 $134,016.19 $1,621.67 $0.00 $757.75 $136,395.61
70 $136,395.61 $1,621.67 $0.00 $771.20 $138,788.48
71 $138,788.48 $1,621.67 $0.00 $784.73 $141,194.88
72 $141,194.88 $1,621.67 $0.00 $798.34 $143,614.89
73 $143,614.89 $1,621.67 $0.00 $812.02 $146,048.58
74 $146,048.58 $1,621.67 $0.00 $825.78 $148,496.03
75 $148,496.03 $1,621.67 $0.00 $839.62 $150,957.32
76 $150,957.32 $1,621.67 $0.00 $853.53 $153,432.52
77 $153,432.52 $1,621.67 $0.00 $867.53 $155,921.72
78 $155,921.72 $1,621.67 $0.00 $881.60 $158,424.99
79 $158,424.99 $1,621.67 $0.00 $895.76 $160,942.42
80 $160,942.42 $1,621.67 $0.00 $909.99 $163,474.08
81 $163,474.08 $1,621.67 $0.00 $924.31 $166,020.06
82 $166,020.06 $1,621.67 $0.00 $938.70 $168,580.43
83 $168,580.43 $1,621.67 $0.00 $953.18 $171,155.28
84 $171,155.28 $1,621.67 $0.00 $967.74 $173,744.69
85 $173,744.69 $1,621.67 $0.00 $982.38 $176,348.74
86 $176,348.74 $1,621.67 $0.00 $997.10 $178,967.51
87 $178,967.51 $1,621.67 $0.00 $1,011.91 $181,601.09
88 $181,601.09 $1,621.67 $0.00 $1,026.80 $184,249.56
89 $184,249.56 $1,621.67 $0.00 $1,041.77 $186,913.00
90 $186,913.00 $1,621.67 $0.00 $1,056.83 $189,591.50
91 $189,591.50 $1,621.67 $0.00 $1,071.98 $192,285.15
92 $192,285.15 $1,621.67 $0.00 $1,087.21 $194,994.03
93 $194,994.03 $1,621.67 $0.00 $1,102.52 $197,718.22
94 $197,718.22 $1,621.67 $0.00 $1,117.93 $200,457.82
95 $200,457.82 $1,621.67 $0.00 $1,133.42 $203,212.91
96 $203,212.91 $1,621.67 $0.00 $1,149.00 $205,983.58
97 $205,983.58 $1,621.67 $0.00 $1,164.66 $208,769.91
98 $208,769.91 $1,621.67 $0.00 $1,180.42 $211,572.00
99 $211,572.00 $1,621.67 $0.00 $1,196.26 $214,389.93
100 $214,389.93 $1,621.67 $0.00 $1,212.19 $217,223.79
101 $217,223.79 $1,621.67 $0.00 $1,228.21 $220,073.67
102 $220,073.67 $1,621.67 $0.00 $1,244.33 $222,939.67
103 $222,939.67 $1,621.67 $0.00 $1,260.53 $225,821.87
104 $225,821.87 $1,621.67 $0.00 $1,276.83 $228,720.37
105 $228,720.37 $1,621.67 $0.00 $1,293.22 $231,635.26
106 $231,635.26 $1,621.67 $0.00 $1,309.70 $234,566.63
107 $234,566.63 $1,621.67 $0.00 $1,326.27 $237,514.57
108 $237,514.57 $1,621.67 $0.00 $1,342.94 $240,479.18
109 $240,479.18 $1,621.67 $0.00 $1,359.70 $243,460.55
110 $243,460.55 $1,621.67 $0.00 $1,376.56 $246,458.78
111 $246,458.78 $1,621.67 $0.00 $1,393.51 $249,473.96
112 $249,473.96 $1,621.67 $0.00 $1,410.56 $252,506.19
113 $252,506.19 $1,621.67 $0.00 $1,427.71 $255,555.57
114 $255,555.57 $1,621.67 $0.00 $1,444.95 $258,622.19
115 $258,622.19 $1,621.67 $0.00 $1,462.29 $261,706.15
116 $261,706.15 $1,621.67 $0.00 $1,479.72 $264,807.54
117 $264,807.54 $1,621.67 $0.00 $1,497.26 $267,926.47
118 $267,926.47 $1,621.67 $0.00 $1,514.90 $271,063.04
119 $271,063.04 $1,621.67 $0.00 $1,532.63 $274,217.34
120 $274,217.34 $1,621.67 $0.00 $1,550.46 $277,389.47
121 $277,389.47 $1,621.67 $0.00 $1,568.40 $280,579.54
122 $280,579.54 $1,621.67 $0.00 $1,586.44 $283,787.65
123 $283,787.65 $1,621.67 $0.00 $1,604.58 $287,013.90
124 $287,013.90 $1,621.67 $0.00 $1,622.82 $290,258.39
125 $290,258.39 $1,621.67 $0.00 $1,641.16 $293,521.22
126 $293,521.22 $1,621.67 $0.00 $1,659.61 $296,802.50
127 $296,802.50 $1,621.67 $0.00 $1,678.16 $300,102.33
128 $300,102.33 $1,621.67 $0.00 $1,696.82 $303,420.82
129 $303,420.82 $1,621.67 $0.00 $1,715.59 $306,758.08
130 $306,758.08 $1,621.67 $0.00 $1,734.45 $310,114.20
131 $310,114.20 $1,621.67 $0.00 $1,753.43 $313,489.30
132 $313,489.30 $1,621.67 $0.00 $1,772.51 $316,883.48
133 $316,883.48 $1,621.67 $0.00 $1,791.71 $320,296.86
134 $320,296.86 $1,621.67 $0.00 $1,811.01 $323,729.54
135 $323,729.54 $1,621.67 $0.00 $1,830.41 $327,181.62
136 $327,181.62 $1,621.67 $0.00 $1,849.93 $330,653.22
137 $330,653.22 $1,621.67 $0.00 $1,869.56 $334,144.45
138 $334,144.45 $1,621.67 $0.00 $1,889.30 $337,655.42
139 $337,655.42 $1,621.67 $0.00 $1,909.15 $341,186.24
140 $341,186.24 $1,621.67 $0.00 $1,929.12 $344,737.03
141 $344,737.03 $1,621.67 $0.00 $1,949.19 $348,307.89
142 $348,307.89 $1,621.67 $0.00 $1,969.38 $351,898.94
143 $351,898.94 $1,621.67 $0.00 $1,989.69 $355,510.30
144 $355,510.30 $1,621.67 $0.00 $2,010.11 $359,142.08
145 $359,142.08 $1,621.67 $0.00 $2,030.64 $362,794.39
146 $362,794.39 $1,621.67 $0.00 $2,051.29 $366,467.35
147 $366,467.35 $1,621.67 $0.00 $2,072.06 $370,161.08
148 $370,161.08 $1,621.67 $0.00 $2,092.94 $373,875.69
149 $373,875.69 $1,621.67 $0.00 $2,113.95 $377,611.31
150 $377,611.31 $1,621.67 $0.00 $2,135.07 $381,368.05
151 $381,368.05 $1,621.67 $0.00 $2,156.31 $385,146.03
152 $385,146.03 $1,621.67 $0.00 $2,177.67 $388,945.37
153 $388,945.37 $1,621.67 $0.00 $2,199.15 $392,766.19
154 $392,766.19 $1,621.67 $0.00 $2,220.76 $396,608.62
155 $396,608.62 $1,621.67 $0.00 $2,242.48 $400,472.77
156 $400,472.77 $1,621.67 $0.00 $2,264.33 $404,358.77
157 $404,358.77 $1,621.67 $0.00 $2,286.30 $408,266.74
158 $408,266.74 $1,621.67 $0.00 $2,308.40 $412,196.81
159 $412,196.81 $1,621.67 $0.00 $2,330.62 $416,149.10
160 $416,149.10 $1,621.67 $0.00 $2,352.97 $420,123.74
161 $420,123.74 $1,621.67 $0.00 $2,375.44 $424,120.85
162 $424,120.85 $1,621.67 $0.00 $2,398.04 $428,140.56
163 $428,140.56 $1,621.67 $0.00 $2,420.77 $432,183.00
164 $432,183.00 $1,621.67 $0.00 $2,443.63 $436,248.30
165 $436,248.30 $1,621.67 $0.00 $2,466.61 $440,336.58
166 $440,336.58 $1,621.67 $0.00 $2,489.73 $444,447.98
167 $444,447.98 $1,621.67 $0.00 $2,512.97 $448,582.62
168 $448,582.62 $1,621.67 $0.00 $2,536.35 $452,740.64
169 $452,740.64 $1,621.67 $0.00 $2,559.86 $456,922.17
170 $456,922.17 $1,621.67 $0.00 $2,583.50 $461,127.34
171 $461,127.34 $1,621.67 $0.00 $2,607.28 $465,356.29
172 $465,356.29 $1,621.67 $0.00 $2,631.19 $469,609.15
173 $469,609.15 $1,621.67 $0.00 $2,655.24 $473,886.06
174 $473,886.06 $1,621.67 $0.00 $2,679.42 $478,187.15
175 $478,187.15 $1,621.67 $0.00 $2,703.74 $482,512.56
176 $482,512.56 $1,621.67 $0.00 $2,728.20 $486,862.43
177 $486,862.43 $1,621.67 $0.00 $2,752.79 $491,236.89
178 $491,236.89 $1,621.67 $0.00 $2,777.52 $495,636.08
179 $495,636.08 $1,621.67 $0.00 $2,802.40 $500,060.15
180 $500,060.15 $1,621.67 $0.00 $2,827.41 $504,509.23
181 $504,509.23 $1,621.67 $0.00 $2,852.57 $508,983.47
182 $508,983.47 $1,621.67 $0.00 $2,877.87 $513,483.01
183 $513,483.01 $1,621.67 $0.00 $2,903.31 $518,007.99
184 $518,007.99 $1,621.67 $0.00 $2,928.89 $522,558.55
185 $522,558.55 $1,621.67 $0.00 $2,954.62 $527,134.84
186 $527,134.84 $1,621.67 $0.00 $2,980.50 $531,737.01
187 $531,737.01 $1,621.67 $0.00 $3,006.52 $536,365.20
188 $536,365.20 $1,621.67 $0.00 $3,032.69 $541,019.56
189 $541,019.56 $1,621.67 $0.00 $3,059.00 $545,700.23
190 $545,700.23 $1,621.67 $0.00 $3,085.47 $550,407.37
191 $550,407.37 $1,621.67 $0.00 $3,112.08 $555,141.12
192 $555,141.12 $1,621.67 $0.00 $3,138.85 $559,901.64
193 $559,901.64 $1,621.67 $0.00 $3,165.77 $564,689.08
194 $564,689.08 $1,621.67 $0.00 $3,192.83 $569,503.58
195 $569,503.58 $1,621.67 $0.00 $3,220.06 $574,345.31
196 $574,345.31 $1,621.67 $0.00 $3,247.43 $579,214.41
197 $579,214.41 $1,621.67 $0.00 $3,274.96 $584,111.04
198 $584,111.04 $1,621.67 $0.00 $3,302.65 $589,035.36
199 $589,035.36 $1,621.67 $0.00 $3,330.49 $593,987.52
200 $593,987.52 $1,621.67 $0.00 $3,358.49 $598,967.68
201 $598,967.68 $1,621.67 $0.00 $3,386.65 $603,976.00
202 $603,976.00 $1,621.67 $0.00 $3,414.97 $609,012.64
203 $609,012.64 $1,621.67 $0.00 $3,443.45 $614,077.76
204 $614,077.76 $1,621.67 $0.00 $3,472.08 $619,171.51
205 $619,171.51 $1,621.67 $0.00 $3,500.89 $624,294.07
206 $624,294.07 $1,621.67 $0.00 $3,529.85 $629,445.59
207 $629,445.59 $1,621.67 $0.00 $3,558.98 $634,626.24
208 $634,626.24 $1,621.67 $0.00 $3,588.27 $639,836.18
209 $639,836.18 $1,621.67 $0.00 $3,617.73 $645,075.58
210 $645,075.58 $1,621.67 $0.00 $3,647.35 $650,344.60
211 $650,344.60 $1,621.67 $0.00 $3,677.14 $655,643.41
212 $655,643.41 $1,621.67 $0.00 $3,707.10 $660,972.18
213 $660,972.18 $1,621.67 $0.00 $3,737.23 $666,331.08
214 $666,331.08 $1,621.67 $0.00 $3,767.53 $671,720.28
215 $671,720.28 $1,621.67 $0.00 $3,798.00 $677,139.95
216 $677,139.95 $1,621.67 $0.00 $3,828.65 $682,590.27
217 $682,590.27 $1,621.67 $190,122.92 $3,859.46 $497,948.48
218 $497,948.48 $1,621.67 $0.00 $2,815.47 $502,385.62
219 $502,385.62 $1,621.67 $0.00 $2,840.56 $506,847.85
220 $506,847.85 $1,621.67 $0.00 $2,865.79 $511,335.31
221 $511,335.31 $1,621.67 $0.00 $2,891.16 $515,848.14
222 $515,848.14 $1,621.67 $0.00 $2,916.68 $520,386.49
223 $520,386.49 $1,621.67 $0.00 $2,942.34 $524,950.50
224 $524,950.50 $1,621.67 $0.00 $2,968.15 $529,540.32
225 $529,540.32 $1,621.67 $0.00 $2,994.10 $534,156.09
226 $534,156.09 $1,621.67 $0.00 $3,020.20 $538,797.96
227 $538,797.96 $1,621.67 $0.00 $3,046.44 $543,466.07
228 $543,466.07 $1,621.67 $0.00 $3,072.84 $548,160.58
229 $548,160.58 $1,621.67 $199,629.07 $3,099.38 $353,252.56
230 $353,252.56 $1,621.67 $0.00 $1,997.34 $356,871.57
231 $356,871.57 $1,621.67 $0.00 $2,017.80 $360,511.04
232 $360,511.04 $1,621.67 $0.00 $2,038.38 $364,171.09
233 $364,171.09 $1,621.67 $0.00 $2,059.08 $367,851.84
234 $367,851.84 $1,621.67 $0.00 $2,079.89 $371,553.40
235 $371,553.40 $1,621.67 $0.00 $2,100.82 $375,275.89
236 $375,275.89 $1,621.67 $0.00 $2,121.86 $379,019.42
237 $379,019.42 $1,621.67 $0.00 $2,143.03 $382,784.12
238 $382,784.12 $1,621.67 $0.00 $2,164.32 $386,570.11
239 $386,570.11 $1,621.67 $0.00 $2,185.72 $390,377.50
240 $390,377.50 $1,621.67 $0.00 $2,207.25 $394,206.42
241 $394,206.42 $1,621.67 $209,610.52 $2,228.90 $188,446.47
242 $188,446.47 $1,621.67 $0.00 $1,065.50 $191,133.64
243 $191,133.64 $1,621.67 $0.00 $1,080.70 $193,836.01
244 $193,836.01 $1,621.67 $0.00 $1,095.98 $196,553.66
245 $196,553.66 $1,621.67 $0.00 $1,111.34 $199,286.67
246 $199,286.67 $1,621.67 $0.00 $1,126.80 $202,035.14
247 $202,035.14 $1,621.67 $0.00 $1,142.34 $204,799.15
248 $204,799.15 $1,621.67 $0.00 $1,157.96 $207,578.78
249 $207,578.78 $1,621.67 $0.00 $1,173.68 $210,374.13
250 $210,374.13 $1,621.67 $0.00 $1,189.49 $213,185.29
251 $213,185.29 $1,621.67 $0.00 $1,205.38 $216,012.34
252 $216,012.34 $1,621.67 $0.00 $1,221.37 $218,855.38
253 $218,855.38 $0.00 $220,091.04 $1,237.44 $1.78