Savings Plan and Future Cost Estimation for Calvin College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$136,418
Monthly savings required$1,080

How much will it cost to send your child to Calvin College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $545,673.08 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,079.86 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$52,606.00
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 $1,079.86 $0.00 $0.00 $1,079.86
2 $1,079.86 $1,079.86 $0.00 $6.11 $2,165.83
3 $2,165.83 $1,079.86 $0.00 $12.25 $3,257.94
4 $3,257.94 $1,079.86 $0.00 $18.42 $4,356.22
5 $4,356.22 $1,079.86 $0.00 $24.63 $5,460.71
6 $5,460.71 $1,079.86 $0.00 $30.88 $6,571.45
7 $6,571.45 $1,079.86 $0.00 $37.16 $7,688.47
8 $7,688.47 $1,079.86 $0.00 $43.47 $8,811.80
9 $8,811.80 $1,079.86 $0.00 $49.82 $9,941.48
10 $9,941.48 $1,079.86 $0.00 $56.21 $11,077.55
11 $11,077.55 $1,079.86 $0.00 $62.63 $12,220.04
12 $12,220.04 $1,079.86 $0.00 $69.09 $13,368.99
13 $13,368.99 $1,079.86 $0.00 $75.59 $14,524.44
14 $14,524.44 $1,079.86 $0.00 $82.12 $15,686.42
15 $15,686.42 $1,079.86 $0.00 $88.69 $16,854.97
16 $16,854.97 $1,079.86 $0.00 $95.30 $18,030.13
17 $18,030.13 $1,079.86 $0.00 $101.94 $19,211.93
18 $19,211.93 $1,079.86 $0.00 $108.63 $20,400.42
19 $20,400.42 $1,079.86 $0.00 $115.35 $21,595.63
20 $21,595.63 $1,079.86 $0.00 $122.10 $22,797.59
21 $22,797.59 $1,079.86 $0.00 $128.90 $24,006.35
22 $24,006.35 $1,079.86 $0.00 $135.74 $25,221.95
23 $25,221.95 $1,079.86 $0.00 $142.61 $26,444.42
24 $26,444.42 $1,079.86 $0.00 $149.52 $27,673.80
25 $27,673.80 $1,079.86 $0.00 $156.47 $28,910.13
26 $28,910.13 $1,079.86 $0.00 $163.46 $30,153.45
27 $30,153.45 $1,079.86 $0.00 $170.49 $31,403.80
28 $31,403.80 $1,079.86 $0.00 $177.56 $32,661.22
29 $32,661.22 $1,079.86 $0.00 $184.67 $33,925.75
30 $33,925.75 $1,079.86 $0.00 $191.82 $35,197.43
31 $35,197.43 $1,079.86 $0.00 $199.01 $36,476.30
32 $36,476.30 $1,079.86 $0.00 $206.24 $37,762.40
33 $37,762.40 $1,079.86 $0.00 $213.51 $39,055.77
34 $39,055.77 $1,079.86 $0.00 $220.83 $40,356.46
35 $40,356.46 $1,079.86 $0.00 $228.18 $41,664.50
36 $41,664.50 $1,079.86 $0.00 $235.58 $42,979.94
37 $42,979.94 $1,079.86 $0.00 $243.01 $44,302.81
38 $44,302.81 $1,079.86 $0.00 $250.49 $45,633.16
39 $45,633.16 $1,079.86 $0.00 $258.02 $46,971.04
40 $46,971.04 $1,079.86 $0.00 $265.58 $48,316.48
41 $48,316.48 $1,079.86 $0.00 $273.19 $49,669.53
42 $49,669.53 $1,079.86 $0.00 $280.84 $51,030.23
43 $51,030.23 $1,079.86 $0.00 $288.53 $52,398.62
44 $52,398.62 $1,079.86 $0.00 $296.27 $53,774.75
45 $53,774.75 $1,079.86 $0.00 $304.05 $55,158.66
46 $55,158.66 $1,079.86 $0.00 $311.88 $56,550.40
47 $56,550.40 $1,079.86 $0.00 $319.74 $57,950.00
48 $57,950.00 $1,079.86 $0.00 $327.66 $59,357.52
49 $59,357.52 $1,079.86 $0.00 $335.62 $60,773.00
50 $60,773.00 $1,079.86 $0.00 $343.62 $62,196.48
51 $62,196.48 $1,079.86 $0.00 $351.67 $63,628.01
52 $63,628.01 $1,079.86 $0.00 $359.76 $65,067.63
53 $65,067.63 $1,079.86 $0.00 $367.90 $66,515.39
54 $66,515.39 $1,079.86 $0.00 $376.09 $67,971.34
55 $67,971.34 $1,079.86 $0.00 $384.32 $69,435.52
56 $69,435.52 $1,079.86 $0.00 $392.60 $70,907.98
57 $70,907.98 $1,079.86 $0.00 $400.92 $72,388.76
58 $72,388.76 $1,079.86 $0.00 $409.30 $73,877.92
59 $73,877.92 $1,079.86 $0.00 $417.72 $75,375.50
60 $75,375.50 $1,079.86 $0.00 $426.18 $76,881.54
61 $76,881.54 $1,079.86 $0.00 $434.70 $78,396.10
62 $78,396.10 $1,079.86 $0.00 $443.26 $79,919.22
63 $79,919.22 $1,079.86 $0.00 $451.87 $81,450.95
64 $81,450.95 $1,079.86 $0.00 $460.54 $82,991.35
65 $82,991.35 $1,079.86 $0.00 $469.25 $84,540.46
66 $84,540.46 $1,079.86 $0.00 $478.00 $86,098.32
67 $86,098.32 $1,079.86 $0.00 $486.81 $87,664.99
68 $87,664.99 $1,079.86 $0.00 $495.67 $89,240.52
69 $89,240.52 $1,079.86 $0.00 $504.58 $90,824.96
70 $90,824.96 $1,079.86 $0.00 $513.54 $92,418.36
71 $92,418.36 $1,079.86 $0.00 $522.55 $94,020.77
72 $94,020.77 $1,079.86 $0.00 $531.61 $95,632.24
73 $95,632.24 $1,079.86 $0.00 $540.72 $97,252.82
74 $97,252.82 $1,079.86 $0.00 $549.88 $98,882.56
75 $98,882.56 $1,079.86 $0.00 $559.10 $100,521.52
76 $100,521.52 $1,079.86 $0.00 $568.36 $102,169.74
77 $102,169.74 $1,079.86 $0.00 $577.68 $103,827.28
78 $103,827.28 $1,079.86 $0.00 $587.05 $105,494.19
79 $105,494.19 $1,079.86 $0.00 $596.48 $107,170.53
80 $107,170.53 $1,079.86 $0.00 $605.96 $108,856.35
81 $108,856.35 $1,079.86 $0.00 $615.49 $110,551.70
82 $110,551.70 $1,079.86 $0.00 $625.08 $112,256.64
83 $112,256.64 $1,079.86 $0.00 $634.72 $113,971.22
84 $113,971.22 $1,079.86 $0.00 $644.41 $115,695.49
85 $115,695.49 $1,079.86 $0.00 $654.16 $117,429.51
86 $117,429.51 $1,079.86 $0.00 $663.96 $119,173.33
87 $119,173.33 $1,079.86 $0.00 $673.82 $120,927.01
88 $120,927.01 $1,079.86 $0.00 $683.74 $122,690.61
89 $122,690.61 $1,079.86 $0.00 $693.71 $124,464.18
90 $124,464.18 $1,079.86 $0.00 $703.74 $126,247.78
91 $126,247.78 $1,079.86 $0.00 $713.82 $128,041.46
92 $128,041.46 $1,079.86 $0.00 $723.97 $129,845.29
93 $129,845.29 $1,079.86 $0.00 $734.16 $131,659.31
94 $131,659.31 $1,079.86 $0.00 $744.42 $133,483.59
95 $133,483.59 $1,079.86 $0.00 $754.74 $135,318.19
96 $135,318.19 $1,079.86 $0.00 $765.11 $137,163.16
97 $137,163.16 $1,079.86 $0.00 $775.54 $139,018.56
98 $139,018.56 $1,079.86 $0.00 $786.03 $140,884.45
99 $140,884.45 $1,079.86 $0.00 $796.58 $142,760.89
100 $142,760.89 $1,079.86 $0.00 $807.19 $144,647.94
101 $144,647.94 $1,079.86 $0.00 $817.86 $146,545.66
102 $146,545.66 $1,079.86 $0.00 $828.59 $148,454.11
103 $148,454.11 $1,079.86 $0.00 $839.38 $150,373.35
104 $150,373.35 $1,079.86 $0.00 $850.23 $152,303.44
105 $152,303.44 $1,079.86 $0.00 $861.15 $154,244.45
106 $154,244.45 $1,079.86 $0.00 $872.12 $156,196.43
107 $156,196.43 $1,079.86 $0.00 $883.16 $158,159.45
108 $158,159.45 $1,079.86 $0.00 $894.26 $160,133.57
109 $160,133.57 $1,079.86 $0.00 $905.42 $162,118.85
110 $162,118.85 $1,079.86 $0.00 $916.64 $164,115.35
111 $164,115.35 $1,079.86 $0.00 $927.93 $166,123.14
112 $166,123.14 $1,079.86 $0.00 $939.28 $168,142.28
113 $168,142.28 $1,079.86 $0.00 $950.70 $170,172.84
114 $170,172.84 $1,079.86 $0.00 $962.18 $172,214.88
115 $172,214.88 $1,079.86 $0.00 $973.73 $174,268.47
116 $174,268.47 $1,079.86 $0.00 $985.34 $176,333.67
117 $176,333.67 $1,079.86 $0.00 $997.02 $178,410.55
118 $178,410.55 $1,079.86 $0.00 $1,008.76 $180,499.17
119 $180,499.17 $1,079.86 $0.00 $1,020.57 $182,599.60
120 $182,599.60 $1,079.86 $0.00 $1,032.44 $184,711.90
121 $184,711.90 $1,079.86 $0.00 $1,044.39 $186,836.15
122 $186,836.15 $1,079.86 $0.00 $1,056.40 $188,972.41
123 $188,972.41 $1,079.86 $0.00 $1,068.48 $191,120.75
124 $191,120.75 $1,079.86 $0.00 $1,080.62 $193,281.23
125 $193,281.23 $1,079.86 $0.00 $1,092.84 $195,453.93
126 $195,453.93 $1,079.86 $0.00 $1,105.12 $197,638.91
127 $197,638.91 $1,079.86 $0.00 $1,117.48 $199,836.25
128 $199,836.25 $1,079.86 $0.00 $1,129.90 $202,046.01
129 $202,046.01 $1,079.86 $0.00 $1,142.40 $204,268.27
130 $204,268.27 $1,079.86 $0.00 $1,154.96 $206,503.09
131 $206,503.09 $1,079.86 $0.00 $1,167.60 $208,750.55
132 $208,750.55 $1,079.86 $0.00 $1,180.31 $211,010.72
133 $211,010.72 $1,079.86 $0.00 $1,193.09 $213,283.67
134 $213,283.67 $1,079.86 $0.00 $1,205.94 $215,569.47
135 $215,569.47 $1,079.86 $0.00 $1,218.86 $217,868.19
136 $217,868.19 $1,079.86 $0.00 $1,231.86 $220,179.91
137 $220,179.91 $1,079.86 $0.00 $1,244.93 $222,504.70
138 $222,504.70 $1,079.86 $0.00 $1,258.07 $224,842.63
139 $224,842.63 $1,079.86 $0.00 $1,271.29 $227,193.78
140 $227,193.78 $1,079.86 $0.00 $1,284.59 $229,558.23
141 $229,558.23 $1,079.86 $0.00 $1,297.96 $231,936.05
142 $231,936.05 $1,079.86 $0.00 $1,311.40 $234,327.31
143 $234,327.31 $1,079.86 $0.00 $1,324.92 $236,732.09
144 $236,732.09 $1,079.86 $0.00 $1,338.52 $239,150.47
145 $239,150.47 $1,079.86 $0.00 $1,352.19 $241,582.52
146 $241,582.52 $1,079.86 $0.00 $1,365.94 $244,028.32
147 $244,028.32 $1,079.86 $0.00 $1,379.77 $246,487.95
148 $246,487.95 $1,079.86 $0.00 $1,393.68 $248,961.49
149 $248,961.49 $1,079.86 $0.00 $1,407.66 $251,449.01
150 $251,449.01 $1,079.86 $0.00 $1,421.73 $253,950.60
151 $253,950.60 $1,079.86 $0.00 $1,435.87 $256,466.33
152 $256,466.33 $1,079.86 $0.00 $1,450.10 $258,996.29
153 $258,996.29 $1,079.86 $0.00 $1,464.40 $261,540.55
154 $261,540.55 $1,079.86 $0.00 $1,478.79 $264,099.20
155 $264,099.20 $1,079.86 $0.00 $1,493.26 $266,672.32
156 $266,672.32 $1,079.86 $0.00 $1,507.80 $269,259.98
157 $269,259.98 $1,079.86 $0.00 $1,522.44 $271,862.28
158 $271,862.28 $1,079.86 $0.00 $1,537.15 $274,479.29
159 $274,479.29 $1,079.86 $0.00 $1,551.95 $277,111.10
160 $277,111.10 $1,079.86 $0.00 $1,566.83 $279,757.79
161 $279,757.79 $1,079.86 $0.00 $1,581.79 $282,419.44
162 $282,419.44 $1,079.86 $0.00 $1,596.84 $285,096.14
163 $285,096.14 $1,079.86 $0.00 $1,611.98 $287,787.98
164 $287,787.98 $1,079.86 $0.00 $1,627.20 $290,495.04
165 $290,495.04 $1,079.86 $0.00 $1,642.50 $293,217.40
166 $293,217.40 $1,079.86 $0.00 $1,657.89 $295,955.15
167 $295,955.15 $1,079.86 $0.00 $1,673.37 $298,708.38
168 $298,708.38 $1,079.86 $0.00 $1,688.94 $301,477.18
169 $301,477.18 $1,079.86 $0.00 $1,704.60 $304,261.64
170 $304,261.64 $1,079.86 $0.00 $1,720.34 $307,061.84
171 $307,061.84 $1,079.86 $0.00 $1,736.17 $309,877.87
172 $309,877.87 $1,079.86 $0.00 $1,752.09 $312,709.82
173 $312,709.82 $1,079.86 $0.00 $1,768.11 $315,557.79
174 $315,557.79 $1,079.86 $0.00 $1,784.21 $318,421.86
175 $318,421.86 $1,079.86 $0.00 $1,800.40 $321,302.12
176 $321,302.12 $1,079.86 $0.00 $1,816.69 $324,198.67
177 $324,198.67 $1,079.86 $0.00 $1,833.07 $327,111.60
178 $327,111.60 $1,079.86 $0.00 $1,849.54 $330,041.00
179 $330,041.00 $1,079.86 $0.00 $1,866.10 $332,986.96
180 $332,986.96 $1,079.86 $0.00 $1,882.76 $335,949.58
181 $335,949.58 $1,079.86 $0.00 $1,899.51 $338,928.95
182 $338,928.95 $1,079.86 $0.00 $1,916.35 $341,925.16
183 $341,925.16 $1,079.86 $0.00 $1,933.29 $344,938.31
184 $344,938.31 $1,079.86 $0.00 $1,950.33 $347,968.50
185 $347,968.50 $1,079.86 $0.00 $1,967.46 $351,015.82
186 $351,015.82 $1,079.86 $0.00 $1,984.69 $354,080.37
187 $354,080.37 $1,079.86 $0.00 $2,002.02 $357,162.25
188 $357,162.25 $1,079.86 $0.00 $2,019.45 $360,261.56
189 $360,261.56 $1,079.86 $0.00 $2,036.97 $363,378.39
190 $363,378.39 $1,079.86 $0.00 $2,054.59 $366,512.84
191 $366,512.84 $1,079.86 $0.00 $2,072.32 $369,665.02
192 $369,665.02 $1,079.86 $0.00 $2,090.14 $372,835.02
193 $372,835.02 $1,079.86 $0.00 $2,108.06 $376,022.94
194 $376,022.94 $1,079.86 $0.00 $2,126.09 $379,228.89
195 $379,228.89 $1,079.86 $0.00 $2,144.22 $382,452.97
196 $382,452.97 $1,079.86 $0.00 $2,162.44 $385,695.27
197 $385,695.27 $1,079.86 $0.00 $2,180.78 $388,955.91
198 $388,955.91 $1,079.86 $0.00 $2,199.21 $392,234.98
199 $392,234.98 $1,079.86 $0.00 $2,217.75 $395,532.59
200 $395,532.59 $1,079.86 $0.00 $2,236.40 $398,848.85
201 $398,848.85 $1,079.86 $0.00 $2,255.15 $402,183.86
202 $402,183.86 $1,079.86 $0.00 $2,274.01 $405,537.73
203 $405,537.73 $1,079.86 $0.00 $2,292.97 $408,910.56
204 $408,910.56 $1,079.86 $0.00 $2,312.04 $412,302.46
205 $412,302.46 $1,079.86 $0.00 $2,331.22 $415,713.54
206 $415,713.54 $1,079.86 $0.00 $2,350.50 $419,143.90
207 $419,143.90 $1,079.86 $0.00 $2,369.90 $422,593.66
208 $422,593.66 $1,079.86 $0.00 $2,389.41 $426,062.93
209 $426,062.93 $1,079.86 $0.00 $2,409.02 $429,551.81
210 $429,551.81 $1,079.86 $0.00 $2,428.75 $433,060.42
211 $433,060.42 $1,079.86 $0.00 $2,448.59 $436,588.87
212 $436,588.87 $1,079.86 $0.00 $2,468.54 $440,137.27
213 $440,137.27 $1,079.86 $0.00 $2,488.60 $443,705.73
214 $443,705.73 $1,079.86 $0.00 $2,508.78 $447,294.37
215 $447,294.37 $1,079.86 $0.00 $2,529.07 $450,903.30
216 $450,903.30 $1,079.86 $0.00 $2,549.47 $454,532.63
217 $454,532.63 $1,079.86 $126,602.61 $2,569.99 $331,579.87
218 $331,579.87 $1,079.86 $0.00 $1,874.80 $334,534.53
219 $334,534.53 $1,079.86 $0.00 $1,891.51 $337,505.90
220 $337,505.90 $1,079.86 $0.00 $1,908.31 $340,494.07
221 $340,494.07 $1,079.86 $0.00 $1,925.20 $343,499.13
222 $343,499.13 $1,079.86 $0.00 $1,942.19 $346,521.18
223 $346,521.18 $1,079.86 $0.00 $1,959.28 $349,560.32
224 $349,560.32 $1,079.86 $0.00 $1,976.46 $352,616.64
225 $352,616.64 $1,079.86 $0.00 $1,993.75 $355,690.25
226 $355,690.25 $1,079.86 $0.00 $2,011.12 $358,781.23
227 $358,781.23 $1,079.86 $0.00 $2,028.60 $361,889.69
228 $361,889.69 $1,079.86 $0.00 $2,046.18 $365,015.73
229 $365,015.73 $1,079.86 $132,932.74 $2,063.85 $235,226.70
230 $235,226.70 $1,079.86 $0.00 $1,330.01 $237,636.57
231 $237,636.57 $1,079.86 $0.00 $1,343.63 $240,060.06
232 $240,060.06 $1,079.86 $0.00 $1,357.33 $242,497.25
233 $242,497.25 $1,079.86 $0.00 $1,371.11 $244,948.22
234 $244,948.22 $1,079.86 $0.00 $1,384.97 $247,413.05
235 $247,413.05 $1,079.86 $0.00 $1,398.91 $249,891.82
236 $249,891.82 $1,079.86 $0.00 $1,412.92 $252,384.60
237 $252,384.60 $1,079.86 $0.00 $1,427.02 $254,891.48
238 $254,891.48 $1,079.86 $0.00 $1,441.19 $257,412.53
239 $257,412.53 $1,079.86 $0.00 $1,455.45 $259,947.84
240 $259,947.84 $1,079.86 $0.00 $1,469.78 $262,497.48
241 $262,497.48 $1,079.86 $139,579.38 $1,484.20 $125,482.16
242 $125,482.16 $1,079.86 $0.00 $709.49 $127,271.51
243 $127,271.51 $1,079.86 $0.00 $719.61 $129,070.98
244 $129,070.98 $1,079.86 $0.00 $729.79 $130,880.63
245 $130,880.63 $1,079.86 $0.00 $740.02 $132,700.51
246 $132,700.51 $1,079.86 $0.00 $750.31 $134,530.68
247 $134,530.68 $1,079.86 $0.00 $760.66 $136,371.20
248 $136,371.20 $1,079.86 $0.00 $771.06 $138,222.12
249 $138,222.12 $1,079.86 $0.00 $781.53 $140,083.51
250 $140,083.51 $1,079.86 $0.00 $792.05 $141,955.42
251 $141,955.42 $1,079.86 $0.00 $802.64 $143,837.92
252 $143,837.92 $1,079.86 $0.00 $813.28 $145,731.06
253 $145,731.06 $0.00 $146,558.35 $823.98 ($3.31)