Savings Plan and Future Cost Estimation for Wellesley College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$202,970
Monthly savings required$1,607

How much will it cost to send your child to Wellesley College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $811,881.38 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,606.69 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$78,270.00
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 $1,606.69 $0.00 $0.00 $1,606.69
2 $1,606.69 $1,606.69 $0.00 $9.08 $3,222.46
3 $3,222.46 $1,606.69 $0.00 $18.22 $4,847.37
4 $4,847.37 $1,606.69 $0.00 $27.41 $6,481.47
5 $6,481.47 $1,606.69 $0.00 $36.65 $8,124.81
6 $8,124.81 $1,606.69 $0.00 $45.94 $9,777.44
7 $9,777.44 $1,606.69 $0.00 $55.28 $11,439.41
8 $11,439.41 $1,606.69 $0.00 $64.68 $13,110.78
9 $13,110.78 $1,606.69 $0.00 $74.13 $14,791.60
10 $14,791.60 $1,606.69 $0.00 $83.63 $16,481.92
11 $16,481.92 $1,606.69 $0.00 $93.19 $18,181.80
12 $18,181.80 $1,606.69 $0.00 $102.80 $19,891.29
13 $19,891.29 $1,606.69 $0.00 $112.47 $21,610.45
14 $21,610.45 $1,606.69 $0.00 $122.19 $23,339.33
15 $23,339.33 $1,606.69 $0.00 $131.96 $25,077.98
16 $25,077.98 $1,606.69 $0.00 $141.79 $26,826.46
17 $26,826.46 $1,606.69 $0.00 $151.68 $28,584.83
18 $28,584.83 $1,606.69 $0.00 $161.62 $30,353.14
19 $30,353.14 $1,606.69 $0.00 $171.62 $32,131.45
20 $32,131.45 $1,606.69 $0.00 $181.68 $33,919.82
21 $33,919.82 $1,606.69 $0.00 $191.79 $35,718.30
22 $35,718.30 $1,606.69 $0.00 $201.96 $37,526.95
23 $37,526.95 $1,606.69 $0.00 $212.18 $39,345.82
24 $39,345.82 $1,606.69 $0.00 $222.47 $41,174.98
25 $41,174.98 $1,606.69 $0.00 $232.81 $43,014.48
26 $43,014.48 $1,606.69 $0.00 $243.21 $44,864.38
27 $44,864.38 $1,606.69 $0.00 $253.67 $46,724.74
28 $46,724.74 $1,606.69 $0.00 $264.19 $48,595.62
29 $48,595.62 $1,606.69 $0.00 $274.77 $50,477.08
30 $50,477.08 $1,606.69 $0.00 $285.40 $52,369.17
31 $52,369.17 $1,606.69 $0.00 $296.10 $54,271.96
32 $54,271.96 $1,606.69 $0.00 $306.86 $56,185.51
33 $56,185.51 $1,606.69 $0.00 $317.68 $58,109.88
34 $58,109.88 $1,606.69 $0.00 $328.56 $60,045.13
35 $60,045.13 $1,606.69 $0.00 $339.50 $61,991.32
36 $61,991.32 $1,606.69 $0.00 $350.51 $63,948.52
37 $63,948.52 $1,606.69 $0.00 $361.57 $65,916.78
38 $65,916.78 $1,606.69 $0.00 $372.70 $67,896.17
39 $67,896.17 $1,606.69 $0.00 $383.89 $69,886.75
40 $69,886.75 $1,606.69 $0.00 $395.15 $71,888.59
41 $71,888.59 $1,606.69 $0.00 $406.47 $73,901.75
42 $73,901.75 $1,606.69 $0.00 $417.85 $75,926.29
43 $75,926.29 $1,606.69 $0.00 $429.30 $77,962.28
44 $77,962.28 $1,606.69 $0.00 $440.81 $80,009.78
45 $80,009.78 $1,606.69 $0.00 $452.39 $82,068.86
46 $82,068.86 $1,606.69 $0.00 $464.03 $84,139.58
47 $84,139.58 $1,606.69 $0.00 $475.74 $86,222.01
48 $86,222.01 $1,606.69 $0.00 $487.51 $88,316.21
49 $88,316.21 $1,606.69 $0.00 $499.35 $90,422.25
50 $90,422.25 $1,606.69 $0.00 $511.26 $92,540.20
51 $92,540.20 $1,606.69 $0.00 $523.24 $94,670.13
52 $94,670.13 $1,606.69 $0.00 $535.28 $96,812.10
53 $96,812.10 $1,606.69 $0.00 $547.39 $98,966.18
54 $98,966.18 $1,606.69 $0.00 $559.57 $101,132.44
55 $101,132.44 $1,606.69 $0.00 $571.82 $103,310.95
56 $103,310.95 $1,606.69 $0.00 $584.14 $105,501.78
57 $105,501.78 $1,606.69 $0.00 $596.52 $107,704.99
58 $107,704.99 $1,606.69 $0.00 $608.98 $109,920.66
59 $109,920.66 $1,606.69 $0.00 $621.51 $112,148.86
60 $112,148.86 $1,606.69 $0.00 $634.11 $114,389.66
61 $114,389.66 $1,606.69 $0.00 $646.78 $116,643.13
62 $116,643.13 $1,606.69 $0.00 $659.52 $118,909.34
63 $118,909.34 $1,606.69 $0.00 $672.33 $121,188.36
64 $121,188.36 $1,606.69 $0.00 $685.22 $123,480.27
65 $123,480.27 $1,606.69 $0.00 $698.18 $125,785.14
66 $125,785.14 $1,606.69 $0.00 $711.21 $128,103.04
67 $128,103.04 $1,606.69 $0.00 $724.31 $130,434.04
68 $130,434.04 $1,606.69 $0.00 $737.49 $132,778.22
69 $132,778.22 $1,606.69 $0.00 $750.75 $135,135.66
70 $135,135.66 $1,606.69 $0.00 $764.08 $137,506.43
71 $137,506.43 $1,606.69 $0.00 $777.48 $139,890.60
72 $139,890.60 $1,606.69 $0.00 $790.96 $142,288.25
73 $142,288.25 $1,606.69 $0.00 $804.52 $144,699.46
74 $144,699.46 $1,606.69 $0.00 $818.15 $147,124.30
75 $147,124.30 $1,606.69 $0.00 $831.86 $149,562.85
76 $149,562.85 $1,606.69 $0.00 $845.65 $152,015.19
77 $152,015.19 $1,606.69 $0.00 $859.52 $154,481.40
78 $154,481.40 $1,606.69 $0.00 $873.46 $156,961.55
79 $156,961.55 $1,606.69 $0.00 $887.48 $159,455.72
80 $159,455.72 $1,606.69 $0.00 $901.59 $161,964.00
81 $161,964.00 $1,606.69 $0.00 $915.77 $164,486.46
82 $164,486.46 $1,606.69 $0.00 $930.03 $167,023.18
83 $167,023.18 $1,606.69 $0.00 $944.37 $169,574.24
84 $169,574.24 $1,606.69 $0.00 $958.80 $172,139.73
85 $172,139.73 $1,606.69 $0.00 $973.30 $174,719.72
86 $174,719.72 $1,606.69 $0.00 $987.89 $177,314.30
87 $177,314.30 $1,606.69 $0.00 $1,002.56 $179,923.55
88 $179,923.55 $1,606.69 $0.00 $1,017.31 $182,547.55
89 $182,547.55 $1,606.69 $0.00 $1,032.15 $185,186.39
90 $185,186.39 $1,606.69 $0.00 $1,047.07 $187,840.15
91 $187,840.15 $1,606.69 $0.00 $1,062.08 $190,508.92
92 $190,508.92 $1,606.69 $0.00 $1,077.17 $193,192.78
93 $193,192.78 $1,606.69 $0.00 $1,092.34 $195,891.81
94 $195,891.81 $1,606.69 $0.00 $1,107.60 $198,606.10
95 $198,606.10 $1,606.69 $0.00 $1,122.95 $201,335.74
96 $201,335.74 $1,606.69 $0.00 $1,138.38 $204,080.81
97 $204,080.81 $1,606.69 $0.00 $1,153.90 $206,841.40
98 $206,841.40 $1,606.69 $0.00 $1,169.51 $209,617.60
99 $209,617.60 $1,606.69 $0.00 $1,185.21 $212,409.50
100 $212,409.50 $1,606.69 $0.00 $1,200.99 $215,217.18
101 $215,217.18 $1,606.69 $0.00 $1,216.87 $218,040.74
102 $218,040.74 $1,606.69 $0.00 $1,232.83 $220,880.26
103 $220,880.26 $1,606.69 $0.00 $1,248.89 $223,735.84
104 $223,735.84 $1,606.69 $0.00 $1,265.03 $226,607.56
105 $226,607.56 $1,606.69 $0.00 $1,281.27 $229,495.52
106 $229,495.52 $1,606.69 $0.00 $1,297.60 $232,399.81
107 $232,399.81 $1,606.69 $0.00 $1,314.02 $235,320.52
108 $235,320.52 $1,606.69 $0.00 $1,330.54 $238,257.75
109 $238,257.75 $1,606.69 $0.00 $1,347.14 $241,211.58
110 $241,211.58 $1,606.69 $0.00 $1,363.85 $244,182.12
111 $244,182.12 $1,606.69 $0.00 $1,380.64 $247,169.45
112 $247,169.45 $1,606.69 $0.00 $1,397.53 $250,173.67
113 $250,173.67 $1,606.69 $0.00 $1,414.52 $253,194.88
114 $253,194.88 $1,606.69 $0.00 $1,431.60 $256,233.17
115 $256,233.17 $1,606.69 $0.00 $1,448.78 $259,288.64
116 $259,288.64 $1,606.69 $0.00 $1,466.06 $262,361.39
117 $262,361.39 $1,606.69 $0.00 $1,483.43 $265,451.51
118 $265,451.51 $1,606.69 $0.00 $1,500.90 $268,559.10
119 $268,559.10 $1,606.69 $0.00 $1,518.47 $271,684.26
120 $271,684.26 $1,606.69 $0.00 $1,536.14 $274,827.09
121 $274,827.09 $1,606.69 $0.00 $1,553.91 $277,987.69
122 $277,987.69 $1,606.69 $0.00 $1,571.78 $281,166.16
123 $281,166.16 $1,606.69 $0.00 $1,589.75 $284,362.60
124 $284,362.60 $1,606.69 $0.00 $1,607.83 $287,577.12
125 $287,577.12 $1,606.69 $0.00 $1,626.00 $290,809.81
126 $290,809.81 $1,606.69 $0.00 $1,644.28 $294,060.78
127 $294,060.78 $1,606.69 $0.00 $1,662.66 $297,330.13
128 $297,330.13 $1,606.69 $0.00 $1,681.15 $300,617.97
129 $300,617.97 $1,606.69 $0.00 $1,699.74 $303,924.40
130 $303,924.40 $1,606.69 $0.00 $1,718.43 $307,249.52
131 $307,249.52 $1,606.69 $0.00 $1,737.23 $310,593.44
132 $310,593.44 $1,606.69 $0.00 $1,756.14 $313,956.27
133 $313,956.27 $1,606.69 $0.00 $1,775.15 $317,338.11
134 $317,338.11 $1,606.69 $0.00 $1,794.28 $320,739.08
135 $320,739.08 $1,606.69 $0.00 $1,813.51 $324,159.28
136 $324,159.28 $1,606.69 $0.00 $1,832.84 $327,598.81
137 $327,598.81 $1,606.69 $0.00 $1,852.29 $331,057.79
138 $331,057.79 $1,606.69 $0.00 $1,871.85 $334,536.33
139 $334,536.33 $1,606.69 $0.00 $1,891.52 $338,034.54
140 $338,034.54 $1,606.69 $0.00 $1,911.30 $341,552.53
141 $341,552.53 $1,606.69 $0.00 $1,931.19 $345,090.41
142 $345,090.41 $1,606.69 $0.00 $1,951.19 $348,648.29
143 $348,648.29 $1,606.69 $0.00 $1,971.31 $352,226.29
144 $352,226.29 $1,606.69 $0.00 $1,991.54 $355,824.52
145 $355,824.52 $1,606.69 $0.00 $2,011.88 $359,443.09
146 $359,443.09 $1,606.69 $0.00 $2,032.34 $363,082.12
147 $363,082.12 $1,606.69 $0.00 $2,052.92 $366,741.73
148 $366,741.73 $1,606.69 $0.00 $2,073.61 $370,422.03
149 $370,422.03 $1,606.69 $0.00 $2,094.42 $374,123.14
150 $374,123.14 $1,606.69 $0.00 $2,115.35 $377,845.18
151 $377,845.18 $1,606.69 $0.00 $2,136.39 $381,588.26
152 $381,588.26 $1,606.69 $0.00 $2,157.56 $385,352.51
153 $385,352.51 $1,606.69 $0.00 $2,178.84 $389,138.04
154 $389,138.04 $1,606.69 $0.00 $2,200.24 $392,944.97
155 $392,944.97 $1,606.69 $0.00 $2,221.77 $396,773.43
156 $396,773.43 $1,606.69 $0.00 $2,243.41 $400,623.53
157 $400,623.53 $1,606.69 $0.00 $2,265.18 $404,495.40
158 $404,495.40 $1,606.69 $0.00 $2,287.08 $408,389.17
159 $408,389.17 $1,606.69 $0.00 $2,309.09 $412,304.95
160 $412,304.95 $1,606.69 $0.00 $2,331.23 $416,242.87
161 $416,242.87 $1,606.69 $0.00 $2,353.50 $420,203.06
162 $420,203.06 $1,606.69 $0.00 $2,375.89 $424,185.64
163 $424,185.64 $1,606.69 $0.00 $2,398.41 $428,190.74
164 $428,190.74 $1,606.69 $0.00 $2,421.05 $432,218.48
165 $432,218.48 $1,606.69 $0.00 $2,443.83 $436,269.00
166 $436,269.00 $1,606.69 $0.00 $2,466.73 $440,342.42
167 $440,342.42 $1,606.69 $0.00 $2,489.76 $444,438.87
168 $444,438.87 $1,606.69 $0.00 $2,512.92 $448,558.48
169 $448,558.48 $1,606.69 $0.00 $2,536.21 $452,701.38
170 $452,701.38 $1,606.69 $0.00 $2,559.64 $456,867.71
171 $456,867.71 $1,606.69 $0.00 $2,583.20 $461,057.60
172 $461,057.60 $1,606.69 $0.00 $2,606.89 $465,271.18
173 $465,271.18 $1,606.69 $0.00 $2,630.71 $469,508.58
174 $469,508.58 $1,606.69 $0.00 $2,654.67 $473,769.94
175 $473,769.94 $1,606.69 $0.00 $2,678.76 $478,055.39
176 $478,055.39 $1,606.69 $0.00 $2,702.99 $482,365.07
177 $482,365.07 $1,606.69 $0.00 $2,727.36 $486,699.12
178 $486,699.12 $1,606.69 $0.00 $2,751.87 $491,057.68
179 $491,057.68 $1,606.69 $0.00 $2,776.51 $495,440.88
180 $495,440.88 $1,606.69 $0.00 $2,801.29 $499,848.86
181 $499,848.86 $1,606.69 $0.00 $2,826.22 $504,281.77
182 $504,281.77 $1,606.69 $0.00 $2,851.28 $508,739.74
183 $508,739.74 $1,606.69 $0.00 $2,876.49 $513,222.92
184 $513,222.92 $1,606.69 $0.00 $2,901.84 $517,731.45
185 $517,731.45 $1,606.69 $0.00 $2,927.33 $522,265.47
186 $522,265.47 $1,606.69 $0.00 $2,952.96 $526,825.12
187 $526,825.12 $1,606.69 $0.00 $2,978.75 $531,410.56
188 $531,410.56 $1,606.69 $0.00 $3,004.67 $536,021.92
189 $536,021.92 $1,606.69 $0.00 $3,030.75 $540,659.36
190 $540,659.36 $1,606.69 $0.00 $3,056.97 $545,323.02
191 $545,323.02 $1,606.69 $0.00 $3,083.34 $550,013.05
192 $550,013.05 $1,606.69 $0.00 $3,109.85 $554,729.59
193 $554,729.59 $1,606.69 $0.00 $3,136.52 $559,472.80
194 $559,472.80 $1,606.69 $0.00 $3,163.34 $564,242.83
195 $564,242.83 $1,606.69 $0.00 $3,190.31 $569,039.83
196 $569,039.83 $1,606.69 $0.00 $3,217.43 $573,863.95
197 $573,863.95 $1,606.69 $0.00 $3,244.71 $578,715.35
198 $578,715.35 $1,606.69 $0.00 $3,272.14 $583,594.18
199 $583,594.18 $1,606.69 $0.00 $3,299.73 $588,500.60
200 $588,500.60 $1,606.69 $0.00 $3,327.47 $593,434.76
201 $593,434.76 $1,606.69 $0.00 $3,355.37 $598,396.82
202 $598,396.82 $1,606.69 $0.00 $3,383.42 $603,386.93
203 $603,386.93 $1,606.69 $0.00 $3,411.64 $608,405.26
204 $608,405.26 $1,606.69 $0.00 $3,440.01 $613,451.96
205 $613,451.96 $1,606.69 $0.00 $3,468.55 $618,527.20
206 $618,527.20 $1,606.69 $0.00 $3,497.24 $623,631.13
207 $623,631.13 $1,606.69 $0.00 $3,526.10 $628,763.92
208 $628,763.92 $1,606.69 $0.00 $3,555.12 $633,925.73
209 $633,925.73 $1,606.69 $0.00 $3,584.31 $639,116.73
210 $639,116.73 $1,606.69 $0.00 $3,613.66 $644,337.08
211 $644,337.08 $1,606.69 $0.00 $3,643.18 $649,586.95
212 $649,586.95 $1,606.69 $0.00 $3,672.86 $654,866.50
213 $654,866.50 $1,606.69 $0.00 $3,702.71 $660,175.90
214 $660,175.90 $1,606.69 $0.00 $3,732.73 $665,515.32
215 $665,515.32 $1,606.69 $0.00 $3,762.92 $670,884.93
216 $670,884.93 $1,606.69 $0.00 $3,793.28 $676,284.90
217 $676,284.90 $1,606.69 $188,366.09 $3,823.81 $493,349.31
218 $493,349.31 $1,606.69 $0.00 $2,789.47 $497,745.47
219 $497,745.47 $1,606.69 $0.00 $2,814.33 $502,166.49
220 $502,166.49 $1,606.69 $0.00 $2,839.32 $506,612.50
221 $506,612.50 $1,606.69 $0.00 $2,864.46 $511,083.65
222 $511,083.65 $1,606.69 $0.00 $2,889.74 $515,580.08
223 $515,580.08 $1,606.69 $0.00 $2,915.16 $520,101.93
224 $520,101.93 $1,606.69 $0.00 $2,940.73 $524,649.35
225 $524,649.35 $1,606.69 $0.00 $2,966.44 $529,222.48
226 $529,222.48 $1,606.69 $0.00 $2,992.30 $533,821.47
227 $533,821.47 $1,606.69 $0.00 $3,018.30 $538,446.46
228 $538,446.46 $1,606.69 $0.00 $3,044.45 $543,097.60
229 $543,097.60 $1,606.69 $197,784.39 $3,070.75 $349,990.65
230 $349,990.65 $1,606.69 $0.00 $1,978.90 $353,576.24
231 $353,576.24 $1,606.69 $0.00 $1,999.17 $357,182.10
232 $357,182.10 $1,606.69 $0.00 $2,019.56 $360,808.35
233 $360,808.35 $1,606.69 $0.00 $2,040.06 $364,455.10
234 $364,455.10 $1,606.69 $0.00 $2,060.68 $368,122.47
235 $368,122.47 $1,606.69 $0.00 $2,081.42 $371,810.58
236 $371,810.58 $1,606.69 $0.00 $2,102.27 $375,519.54
237 $375,519.54 $1,606.69 $0.00 $2,123.24 $379,249.47
238 $379,249.47 $1,606.69 $0.00 $2,144.33 $383,000.49
239 $383,000.49 $1,606.69 $0.00 $2,165.54 $386,772.72
240 $386,772.72 $1,606.69 $0.00 $2,186.87 $390,566.28
241 $390,566.28 $1,606.69 $207,673.61 $2,208.32 $186,707.68
242 $186,707.68 $1,606.69 $0.00 $1,055.67 $189,370.04
243 $189,370.04 $1,606.69 $0.00 $1,070.73 $192,047.46
244 $192,047.46 $1,606.69 $0.00 $1,085.86 $194,740.01
245 $194,740.01 $1,606.69 $0.00 $1,101.09 $197,447.79
246 $197,447.79 $1,606.69 $0.00 $1,116.40 $200,170.88
247 $200,170.88 $1,606.69 $0.00 $1,131.80 $202,909.37
248 $202,909.37 $1,606.69 $0.00 $1,147.28 $205,663.34
249 $205,663.34 $1,606.69 $0.00 $1,162.85 $208,432.88
250 $208,432.88 $1,606.69 $0.00 $1,178.51 $211,218.08
251 $211,218.08 $1,606.69 $0.00 $1,194.26 $214,019.03
252 $214,019.03 $1,606.69 $0.00 $1,210.09 $216,835.81
253 $216,835.81 $0.00 $218,057.29 $1,226.02 $4.54