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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$44,811
Monthly savings required$355

How much will it cost to send your child to Baker College of Auburn Hills in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $179,242.50 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $354.71 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$17,280.00
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 $354.71 $0.00 $0.00 $354.71
2 $354.71 $354.71 $0.00 $2.01 $711.43
3 $711.43 $354.71 $0.00 $4.02 $1,070.16
4 $1,070.16 $354.71 $0.00 $6.05 $1,430.92
5 $1,430.92 $354.71 $0.00 $8.09 $1,793.72
6 $1,793.72 $354.71 $0.00 $10.14 $2,158.57
7 $2,158.57 $354.71 $0.00 $12.20 $2,525.48
8 $2,525.48 $354.71 $0.00 $14.28 $2,894.47
9 $2,894.47 $354.71 $0.00 $16.37 $3,265.55
10 $3,265.55 $354.71 $0.00 $18.46 $3,638.72
11 $3,638.72 $354.71 $0.00 $20.57 $4,014.00
12 $4,014.00 $354.71 $0.00 $22.70 $4,391.41
13 $4,391.41 $354.71 $0.00 $24.83 $4,770.95
14 $4,770.95 $354.71 $0.00 $26.98 $5,152.64
15 $5,152.64 $354.71 $0.00 $29.13 $5,536.48
16 $5,536.48 $354.71 $0.00 $31.30 $5,922.49
17 $5,922.49 $354.71 $0.00 $33.49 $6,310.69
18 $6,310.69 $354.71 $0.00 $35.68 $6,701.08
19 $6,701.08 $354.71 $0.00 $37.89 $7,093.68
20 $7,093.68 $354.71 $0.00 $40.11 $7,488.50
21 $7,488.50 $354.71 $0.00 $42.34 $7,885.55
22 $7,885.55 $354.71 $0.00 $44.59 $8,284.85
23 $8,284.85 $354.71 $0.00 $46.84 $8,686.40
24 $8,686.40 $354.71 $0.00 $49.11 $9,090.22
25 $9,090.22 $354.71 $0.00 $51.40 $9,496.33
26 $9,496.33 $354.71 $0.00 $53.69 $9,904.73
27 $9,904.73 $354.71 $0.00 $56.00 $10,315.44
28 $10,315.44 $354.71 $0.00 $58.32 $10,728.47
29 $10,728.47 $354.71 $0.00 $60.66 $11,143.84
30 $11,143.84 $354.71 $0.00 $63.01 $11,561.56
31 $11,561.56 $354.71 $0.00 $65.37 $11,981.64
32 $11,981.64 $354.71 $0.00 $67.75 $12,404.10
33 $12,404.10 $354.71 $0.00 $70.13 $12,828.94
34 $12,828.94 $354.71 $0.00 $72.54 $13,256.19
35 $13,256.19 $354.71 $0.00 $74.95 $13,685.85
36 $13,685.85 $354.71 $0.00 $77.38 $14,117.94
37 $14,117.94 $354.71 $0.00 $79.82 $14,552.47
38 $14,552.47 $354.71 $0.00 $82.28 $14,989.46
39 $14,989.46 $354.71 $0.00 $84.75 $15,428.92
40 $15,428.92 $354.71 $0.00 $87.24 $15,870.87
41 $15,870.87 $354.71 $0.00 $89.74 $16,315.32
42 $16,315.32 $354.71 $0.00 $92.25 $16,762.28
43 $16,762.28 $354.71 $0.00 $94.78 $17,211.77
44 $17,211.77 $354.71 $0.00 $97.32 $17,663.80
45 $17,663.80 $354.71 $0.00 $99.87 $18,118.38
46 $18,118.38 $354.71 $0.00 $102.44 $18,575.53
47 $18,575.53 $354.71 $0.00 $105.03 $19,035.27
48 $19,035.27 $354.71 $0.00 $107.63 $19,497.61
49 $19,497.61 $354.71 $0.00 $110.24 $19,962.56
50 $19,962.56 $354.71 $0.00 $112.87 $20,430.14
51 $20,430.14 $354.71 $0.00 $115.51 $20,900.36
52 $20,900.36 $354.71 $0.00 $118.17 $21,373.24
53 $21,373.24 $354.71 $0.00 $120.85 $21,848.80
54 $21,848.80 $354.71 $0.00 $123.54 $22,327.05
55 $22,327.05 $354.71 $0.00 $126.24 $22,808.00
56 $22,808.00 $354.71 $0.00 $128.96 $23,291.67
57 $23,291.67 $354.71 $0.00 $131.69 $23,778.07
58 $23,778.07 $354.71 $0.00 $134.44 $24,267.22
59 $24,267.22 $354.71 $0.00 $137.21 $24,759.14
60 $24,759.14 $354.71 $0.00 $139.99 $25,253.84
61 $25,253.84 $354.71 $0.00 $142.79 $25,751.34
62 $25,751.34 $354.71 $0.00 $145.60 $26,251.65
63 $26,251.65 $354.71 $0.00 $148.43 $26,754.79
64 $26,754.79 $354.71 $0.00 $151.28 $27,260.78
65 $27,260.78 $354.71 $0.00 $154.14 $27,769.63
66 $27,769.63 $354.71 $0.00 $157.01 $28,281.35
67 $28,281.35 $354.71 $0.00 $159.91 $28,795.97
68 $28,795.97 $354.71 $0.00 $162.82 $29,313.50
69 $29,313.50 $354.71 $0.00 $165.74 $29,833.95
70 $29,833.95 $354.71 $0.00 $168.69 $30,357.35
71 $30,357.35 $354.71 $0.00 $171.64 $30,883.70
72 $30,883.70 $354.71 $0.00 $174.62 $31,413.03
73 $31,413.03 $354.71 $0.00 $177.61 $31,945.35
74 $31,945.35 $354.71 $0.00 $180.62 $32,480.68
75 $32,480.68 $354.71 $0.00 $183.65 $33,019.04
76 $33,019.04 $354.71 $0.00 $186.69 $33,560.44
77 $33,560.44 $354.71 $0.00 $189.76 $34,104.91
78 $34,104.91 $354.71 $0.00 $192.83 $34,652.45
79 $34,652.45 $354.71 $0.00 $195.93 $35,203.09
80 $35,203.09 $354.71 $0.00 $199.04 $35,756.84
81 $35,756.84 $354.71 $0.00 $202.17 $36,313.72
82 $36,313.72 $354.71 $0.00 $205.32 $36,873.75
83 $36,873.75 $354.71 $0.00 $208.49 $37,436.95
84 $37,436.95 $354.71 $0.00 $211.67 $38,003.33
85 $38,003.33 $354.71 $0.00 $214.88 $38,572.92
86 $38,572.92 $354.71 $0.00 $218.10 $39,145.73
87 $39,145.73 $354.71 $0.00 $221.34 $39,721.78
88 $39,721.78 $354.71 $0.00 $224.59 $40,301.08
89 $40,301.08 $354.71 $0.00 $227.87 $40,883.66
90 $40,883.66 $354.71 $0.00 $231.16 $41,469.53
91 $41,469.53 $354.71 $0.00 $234.47 $42,058.71
92 $42,058.71 $354.71 $0.00 $237.81 $42,651.23
93 $42,651.23 $354.71 $0.00 $241.16 $43,247.10
94 $43,247.10 $354.71 $0.00 $244.53 $43,846.34
95 $43,846.34 $354.71 $0.00 $247.91 $44,448.96
96 $44,448.96 $354.71 $0.00 $251.32 $45,054.99
97 $45,054.99 $354.71 $0.00 $254.75 $45,664.45
98 $45,664.45 $354.71 $0.00 $258.19 $46,277.35
99 $46,277.35 $354.71 $0.00 $261.66 $46,893.72
100 $46,893.72 $354.71 $0.00 $265.14 $47,513.57
101 $47,513.57 $354.71 $0.00 $268.65 $48,136.93
102 $48,136.93 $354.71 $0.00 $272.17 $48,763.81
103 $48,763.81 $354.71 $0.00 $275.72 $49,394.24
104 $49,394.24 $354.71 $0.00 $279.28 $50,028.23
105 $50,028.23 $354.71 $0.00 $282.87 $50,665.81
106 $50,665.81 $354.71 $0.00 $286.47 $51,306.99
107 $51,306.99 $354.71 $0.00 $290.10 $51,951.80
108 $51,951.80 $354.71 $0.00 $293.74 $52,600.25
109 $52,600.25 $354.71 $0.00 $297.41 $53,252.37
110 $53,252.37 $354.71 $0.00 $301.10 $53,908.18
111 $53,908.18 $354.71 $0.00 $304.80 $54,567.69
112 $54,567.69 $354.71 $0.00 $308.53 $55,230.93
113 $55,230.93 $354.71 $0.00 $312.28 $55,897.92
114 $55,897.92 $354.71 $0.00 $316.05 $56,568.68
115 $56,568.68 $354.71 $0.00 $319.85 $57,243.24
116 $57,243.24 $354.71 $0.00 $323.66 $57,921.61
117 $57,921.61 $354.71 $0.00 $327.50 $58,603.82
118 $58,603.82 $354.71 $0.00 $331.35 $59,289.88
119 $59,289.88 $354.71 $0.00 $335.23 $59,979.82
120 $59,979.82 $354.71 $0.00 $339.13 $60,673.66
121 $60,673.66 $354.71 $0.00 $343.06 $61,371.43
122 $61,371.43 $354.71 $0.00 $347.00 $62,073.14
123 $62,073.14 $354.71 $0.00 $350.97 $62,778.82
124 $62,778.82 $354.71 $0.00 $354.96 $63,488.49
125 $63,488.49 $354.71 $0.00 $358.97 $64,202.17
126 $64,202.17 $354.71 $0.00 $363.01 $64,919.89
127 $64,919.89 $354.71 $0.00 $367.07 $65,641.67
128 $65,641.67 $354.71 $0.00 $371.15 $66,367.53
129 $66,367.53 $354.71 $0.00 $375.25 $67,097.49
130 $67,097.49 $354.71 $0.00 $379.38 $67,831.58
131 $67,831.58 $354.71 $0.00 $383.53 $68,569.82
132 $68,569.82 $354.71 $0.00 $387.70 $69,312.23
133 $69,312.23 $354.71 $0.00 $391.90 $70,058.84
134 $70,058.84 $354.71 $0.00 $396.12 $70,809.67
135 $70,809.67 $354.71 $0.00 $400.37 $71,564.75
136 $71,564.75 $354.71 $0.00 $404.64 $72,324.10
137 $72,324.10 $354.71 $0.00 $408.93 $73,087.74
138 $73,087.74 $354.71 $0.00 $413.25 $73,855.70
139 $73,855.70 $354.71 $0.00 $417.59 $74,628.00
140 $74,628.00 $354.71 $0.00 $421.96 $75,404.67
141 $75,404.67 $354.71 $0.00 $426.35 $76,185.73
142 $76,185.73 $354.71 $0.00 $430.77 $76,971.21
143 $76,971.21 $354.71 $0.00 $435.21 $77,761.13
144 $77,761.13 $354.71 $0.00 $439.67 $78,555.51
145 $78,555.51 $354.71 $0.00 $444.16 $79,354.38
146 $79,354.38 $354.71 $0.00 $448.68 $80,157.77
147 $80,157.77 $354.71 $0.00 $453.22 $80,965.70
148 $80,965.70 $354.71 $0.00 $457.79 $81,778.20
149 $81,778.20 $354.71 $0.00 $462.39 $82,595.30
150 $82,595.30 $354.71 $0.00 $467.01 $83,417.02
151 $83,417.02 $354.71 $0.00 $471.65 $84,243.38
152 $84,243.38 $354.71 $0.00 $476.32 $85,074.41
153 $85,074.41 $354.71 $0.00 $481.02 $85,910.14
154 $85,910.14 $354.71 $0.00 $485.75 $86,750.60
155 $86,750.60 $354.71 $0.00 $490.50 $87,595.81
156 $87,595.81 $354.71 $0.00 $495.28 $88,445.80
157 $88,445.80 $354.71 $0.00 $500.09 $89,300.60
158 $89,300.60 $354.71 $0.00 $504.92 $90,160.23
159 $90,160.23 $354.71 $0.00 $509.78 $91,024.72
160 $91,024.72 $354.71 $0.00 $514.67 $91,894.10
161 $91,894.10 $354.71 $0.00 $519.58 $92,768.39
162 $92,768.39 $354.71 $0.00 $524.53 $93,647.63
163 $93,647.63 $354.71 $0.00 $529.50 $94,531.84
164 $94,531.84 $354.71 $0.00 $534.50 $95,421.05
165 $95,421.05 $354.71 $0.00 $539.52 $96,315.28
166 $96,315.28 $354.71 $0.00 $544.58 $97,214.57
167 $97,214.57 $354.71 $0.00 $549.67 $98,118.95
168 $98,118.95 $354.71 $0.00 $554.78 $99,028.44
169 $99,028.44 $354.71 $0.00 $559.92 $99,943.07
170 $99,943.07 $354.71 $0.00 $565.09 $100,862.87
171 $100,862.87 $354.71 $0.00 $570.29 $101,787.87
172 $101,787.87 $354.71 $0.00 $575.52 $102,718.10
173 $102,718.10 $354.71 $0.00 $580.78 $103,653.59
174 $103,653.59 $354.71 $0.00 $586.07 $104,594.37
175 $104,594.37 $354.71 $0.00 $591.39 $105,540.47
176 $105,540.47 $354.71 $0.00 $596.74 $106,491.92
177 $106,491.92 $354.71 $0.00 $602.12 $107,448.75
178 $107,448.75 $354.71 $0.00 $607.53 $108,410.99
179 $108,410.99 $354.71 $0.00 $612.97 $109,378.67
180 $109,378.67 $354.71 $0.00 $618.44 $110,351.82
181 $110,351.82 $354.71 $0.00 $623.95 $111,330.48
182 $111,330.48 $354.71 $0.00 $629.48 $112,314.67
183 $112,314.67 $354.71 $0.00 $635.04 $113,304.42
184 $113,304.42 $354.71 $0.00 $640.64 $114,299.77
185 $114,299.77 $354.71 $0.00 $646.27 $115,300.75
186 $115,300.75 $354.71 $0.00 $651.93 $116,307.39
187 $116,307.39 $354.71 $0.00 $657.62 $117,319.72
188 $117,319.72 $354.71 $0.00 $663.34 $118,337.77
189 $118,337.77 $354.71 $0.00 $669.10 $119,361.58
190 $119,361.58 $354.71 $0.00 $674.89 $120,391.18
191 $120,391.18 $354.71 $0.00 $680.71 $121,426.60
192 $121,426.60 $354.71 $0.00 $686.56 $122,467.87
193 $122,467.87 $354.71 $0.00 $692.45 $123,515.03
194 $123,515.03 $354.71 $0.00 $698.37 $124,568.11
195 $124,568.11 $354.71 $0.00 $704.33 $125,627.15
196 $125,627.15 $354.71 $0.00 $710.31 $126,692.17
197 $126,692.17 $354.71 $0.00 $716.34 $127,763.22
198 $127,763.22 $354.71 $0.00 $722.39 $128,840.32
199 $128,840.32 $354.71 $0.00 $728.48 $129,923.51
200 $129,923.51 $354.71 $0.00 $734.61 $131,012.83
201 $131,012.83 $354.71 $0.00 $740.77 $132,108.31
202 $132,108.31 $354.71 $0.00 $746.96 $133,209.98
203 $133,209.98 $354.71 $0.00 $753.19 $134,317.88
204 $134,317.88 $354.71 $0.00 $759.45 $135,432.04
205 $135,432.04 $354.71 $0.00 $765.75 $136,552.50
206 $136,552.50 $354.71 $0.00 $772.09 $137,679.30
207 $137,679.30 $354.71 $0.00 $778.46 $138,812.47
208 $138,812.47 $354.71 $0.00 $784.87 $139,952.05
209 $139,952.05 $354.71 $0.00 $791.31 $141,098.07
210 $141,098.07 $354.71 $0.00 $797.79 $142,250.57
211 $142,250.57 $354.71 $0.00 $804.31 $143,409.59
212 $143,409.59 $354.71 $0.00 $810.86 $144,575.16
213 $144,575.16 $354.71 $0.00 $817.45 $145,747.32
214 $145,747.32 $354.71 $0.00 $824.08 $146,926.11
215 $146,926.11 $354.71 $0.00 $830.74 $148,111.56
216 $148,111.56 $354.71 $0.00 $837.44 $149,303.71
217 $149,303.71 $354.71 $41,586.38 $844.18 $108,916.22
218 $108,916.22 $354.71 $0.00 $615.83 $109,886.76
219 $109,886.76 $354.71 $0.00 $621.32 $110,862.79
220 $110,862.79 $354.71 $0.00 $626.83 $111,844.33
221 $111,844.33 $354.71 $0.00 $632.38 $112,831.42
222 $112,831.42 $354.71 $0.00 $637.97 $113,824.10
223 $113,824.10 $354.71 $0.00 $643.58 $114,822.39
224 $114,822.39 $354.71 $0.00 $649.22 $115,826.32
225 $115,826.32 $354.71 $0.00 $654.90 $116,835.93
226 $116,835.93 $354.71 $0.00 $660.61 $117,851.25
227 $117,851.25 $354.71 $0.00 $666.35 $118,872.31
228 $118,872.31 $354.71 $0.00 $672.12 $119,899.14
229 $119,899.14 $354.71 $43,665.70 $677.93 $77,266.08
230 $77,266.08 $354.71 $0.00 $436.87 $78,057.66
231 $78,057.66 $354.71 $0.00 $441.35 $78,853.72
232 $78,853.72 $354.71 $0.00 $445.85 $79,654.28
233 $79,654.28 $354.71 $0.00 $450.38 $80,459.37
234 $80,459.37 $354.71 $0.00 $454.93 $81,269.01
235 $81,269.01 $354.71 $0.00 $459.51 $82,083.23
236 $82,083.23 $354.71 $0.00 $464.11 $82,902.05
237 $82,902.05 $354.71 $0.00 $468.74 $83,725.50
238 $83,725.50 $354.71 $0.00 $473.40 $84,553.61
239 $84,553.61 $354.71 $0.00 $478.08 $85,386.40
240 $85,386.40 $354.71 $0.00 $482.79 $86,223.90
241 $86,223.90 $354.71 $45,848.98 $487.52 $41,217.15
242 $41,217.15 $354.71 $0.00 $233.05 $41,804.91
243 $41,804.91 $354.71 $0.00 $236.37 $42,395.99
244 $42,395.99 $354.71 $0.00 $239.71 $42,990.41
245 $42,990.41 $354.71 $0.00 $243.07 $43,588.19
246 $43,588.19 $354.71 $0.00 $246.45 $44,189.35
247 $44,189.35 $354.71 $0.00 $249.85 $44,793.91
248 $44,793.91 $354.71 $0.00 $253.27 $45,401.89
249 $45,401.89 $354.71 $0.00 $256.71 $46,013.31
250 $46,013.31 $354.71 $0.00 $260.17 $46,628.19
251 $46,628.19 $354.71 $0.00 $263.64 $47,246.54
252 $47,246.54 $354.71 $0.00 $267.14 $47,868.39
253 $47,868.39 $0.00 $48,141.43 $270.65 ($2.39)