Savings Plan and Future Cost Estimation for College for Creative Studies

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$237,785
Monthly savings required$1,879

How much will it cost to send your child to College for Creative Studies in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $951,140.07 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,879.27 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$63,381.00
Years until enrollment18
Annual Tuition Increase7%
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 $1,879.27 $0.00 $0.00 $1,879.27
2 $1,879.27 $1,879.27 $0.00 $10.63 $3,769.17
3 $3,769.17 $1,879.27 $0.00 $21.31 $5,669.75
4 $5,669.75 $1,879.27 $0.00 $32.06 $7,581.08
5 $7,581.08 $1,879.27 $0.00 $42.86 $9,503.21
6 $9,503.21 $1,879.27 $0.00 $53.73 $11,436.21
7 $11,436.21 $1,879.27 $0.00 $64.66 $13,380.14
8 $13,380.14 $1,879.27 $0.00 $75.65 $15,335.06
9 $15,335.06 $1,879.27 $0.00 $86.71 $17,301.04
10 $17,301.04 $1,879.27 $0.00 $97.82 $19,278.13
11 $19,278.13 $1,879.27 $0.00 $109.00 $21,266.40
12 $21,266.40 $1,879.27 $0.00 $120.24 $23,265.91
13 $23,265.91 $1,879.27 $0.00 $131.55 $25,276.73
14 $25,276.73 $1,879.27 $0.00 $142.92 $27,298.92
15 $27,298.92 $1,879.27 $0.00 $154.35 $29,332.54
16 $29,332.54 $1,879.27 $0.00 $165.85 $31,377.66
17 $31,377.66 $1,879.27 $0.00 $177.41 $33,434.34
18 $33,434.34 $1,879.27 $0.00 $189.04 $35,502.65
19 $35,502.65 $1,879.27 $0.00 $200.74 $37,582.66
20 $37,582.66 $1,879.27 $0.00 $212.50 $39,674.43
21 $39,674.43 $1,879.27 $0.00 $224.32 $41,778.02
22 $41,778.02 $1,879.27 $0.00 $236.22 $43,893.51
23 $43,893.51 $1,879.27 $0.00 $248.18 $46,020.96
24 $46,020.96 $1,879.27 $0.00 $260.21 $48,160.44
25 $48,160.44 $1,879.27 $0.00 $272.31 $50,312.02
26 $50,312.02 $1,879.27 $0.00 $284.47 $52,475.76
27 $52,475.76 $1,879.27 $0.00 $296.71 $54,651.74
28 $54,651.74 $1,879.27 $0.00 $309.01 $56,840.02
29 $56,840.02 $1,879.27 $0.00 $321.38 $59,040.67
30 $59,040.67 $1,879.27 $0.00 $333.82 $61,253.76
31 $61,253.76 $1,879.27 $0.00 $346.34 $63,479.37
32 $63,479.37 $1,879.27 $0.00 $358.92 $65,717.56
33 $65,717.56 $1,879.27 $0.00 $371.58 $67,968.41
34 $67,968.41 $1,879.27 $0.00 $384.30 $70,231.98
35 $70,231.98 $1,879.27 $0.00 $397.10 $72,508.35
36 $72,508.35 $1,879.27 $0.00 $409.97 $74,797.59
37 $74,797.59 $1,879.27 $0.00 $422.92 $77,099.78
38 $77,099.78 $1,879.27 $0.00 $435.93 $79,414.98
39 $79,414.98 $1,879.27 $0.00 $449.02 $81,743.27
40 $81,743.27 $1,879.27 $0.00 $462.19 $84,084.73
41 $84,084.73 $1,879.27 $0.00 $475.43 $86,439.43
42 $86,439.43 $1,879.27 $0.00 $488.74 $88,807.44
43 $88,807.44 $1,879.27 $0.00 $502.13 $91,188.84
44 $91,188.84 $1,879.27 $0.00 $515.59 $93,583.70
45 $93,583.70 $1,879.27 $0.00 $529.14 $95,992.11
46 $95,992.11 $1,879.27 $0.00 $542.75 $98,414.13
47 $98,414.13 $1,879.27 $0.00 $556.45 $100,849.85
48 $100,849.85 $1,879.27 $0.00 $570.22 $103,299.34
49 $103,299.34 $1,879.27 $0.00 $584.07 $105,762.68
50 $105,762.68 $1,879.27 $0.00 $598.00 $108,239.95
51 $108,239.95 $1,879.27 $0.00 $612.00 $110,731.22
52 $110,731.22 $1,879.27 $0.00 $626.09 $113,236.58
53 $113,236.58 $1,879.27 $0.00 $640.26 $115,756.11
54 $115,756.11 $1,879.27 $0.00 $654.50 $118,289.88
55 $118,289.88 $1,879.27 $0.00 $668.83 $120,837.98
56 $120,837.98 $1,879.27 $0.00 $683.24 $123,400.49
57 $123,400.49 $1,879.27 $0.00 $697.72 $125,977.48
58 $125,977.48 $1,879.27 $0.00 $712.29 $128,569.04
59 $128,569.04 $1,879.27 $0.00 $726.95 $131,175.26
60 $131,175.26 $1,879.27 $0.00 $741.68 $133,796.21
61 $133,796.21 $1,879.27 $0.00 $756.50 $136,431.98
62 $136,431.98 $1,879.27 $0.00 $771.41 $139,082.66
63 $139,082.66 $1,879.27 $0.00 $786.39 $141,748.32
64 $141,748.32 $1,879.27 $0.00 $801.47 $144,429.06
65 $144,429.06 $1,879.27 $0.00 $816.62 $147,124.95
66 $147,124.95 $1,879.27 $0.00 $831.87 $149,836.09
67 $149,836.09 $1,879.27 $0.00 $847.20 $152,562.56
68 $152,562.56 $1,879.27 $0.00 $862.61 $155,304.44
69 $155,304.44 $1,879.27 $0.00 $878.11 $158,061.82
70 $158,061.82 $1,879.27 $0.00 $893.70 $160,834.79
71 $160,834.79 $1,879.27 $0.00 $909.38 $163,623.44
72 $163,623.44 $1,879.27 $0.00 $925.15 $166,427.86
73 $166,427.86 $1,879.27 $0.00 $941.01 $169,248.14
74 $169,248.14 $1,879.27 $0.00 $956.95 $172,084.36
75 $172,084.36 $1,879.27 $0.00 $972.99 $174,936.62
76 $174,936.62 $1,879.27 $0.00 $989.12 $177,805.01
77 $177,805.01 $1,879.27 $0.00 $1,005.34 $180,689.62
78 $180,689.62 $1,879.27 $0.00 $1,021.65 $183,590.54
79 $183,590.54 $1,879.27 $0.00 $1,038.05 $186,507.86
80 $186,507.86 $1,879.27 $0.00 $1,054.54 $189,441.67
81 $189,441.67 $1,879.27 $0.00 $1,071.13 $192,392.07
82 $192,392.07 $1,879.27 $0.00 $1,087.81 $195,359.15
83 $195,359.15 $1,879.27 $0.00 $1,104.59 $198,343.01
84 $198,343.01 $1,879.27 $0.00 $1,121.46 $201,343.74
85 $201,343.74 $1,879.27 $0.00 $1,138.43 $204,361.44
86 $204,361.44 $1,879.27 $0.00 $1,155.49 $207,396.20
87 $207,396.20 $1,879.27 $0.00 $1,172.65 $210,448.12
88 $210,448.12 $1,879.27 $0.00 $1,189.90 $213,517.29
89 $213,517.29 $1,879.27 $0.00 $1,207.26 $216,603.82
90 $216,603.82 $1,879.27 $0.00 $1,224.71 $219,707.80
91 $219,707.80 $1,879.27 $0.00 $1,242.26 $222,829.33
92 $222,829.33 $1,879.27 $0.00 $1,259.91 $225,968.51
93 $225,968.51 $1,879.27 $0.00 $1,277.66 $229,125.44
94 $229,125.44 $1,879.27 $0.00 $1,295.51 $232,300.22
95 $232,300.22 $1,879.27 $0.00 $1,313.46 $235,492.95
96 $235,492.95 $1,879.27 $0.00 $1,331.51 $238,703.73
97 $238,703.73 $1,879.27 $0.00 $1,349.67 $241,932.67
98 $241,932.67 $1,879.27 $0.00 $1,367.92 $245,179.86
99 $245,179.86 $1,879.27 $0.00 $1,386.28 $248,445.41
100 $248,445.41 $1,879.27 $0.00 $1,404.75 $251,729.43
101 $251,729.43 $1,879.27 $0.00 $1,423.31 $255,032.01
102 $255,032.01 $1,879.27 $0.00 $1,441.99 $258,353.27
103 $258,353.27 $1,879.27 $0.00 $1,460.77 $261,693.31
104 $261,693.31 $1,879.27 $0.00 $1,479.65 $265,052.23
105 $265,052.23 $1,879.27 $0.00 $1,498.64 $268,430.14
106 $268,430.14 $1,879.27 $0.00 $1,517.74 $271,827.15
107 $271,827.15 $1,879.27 $0.00 $1,536.95 $275,243.37
108 $275,243.37 $1,879.27 $0.00 $1,556.27 $278,678.91
109 $278,678.91 $1,879.27 $0.00 $1,575.69 $282,133.87
110 $282,133.87 $1,879.27 $0.00 $1,595.23 $285,608.37
111 $285,608.37 $1,879.27 $0.00 $1,614.87 $289,102.51
112 $289,102.51 $1,879.27 $0.00 $1,634.63 $292,616.41
113 $292,616.41 $1,879.27 $0.00 $1,654.50 $296,150.18
114 $296,150.18 $1,879.27 $0.00 $1,674.48 $299,703.93
115 $299,703.93 $1,879.27 $0.00 $1,694.57 $303,277.77
116 $303,277.77 $1,879.27 $0.00 $1,714.78 $306,871.82
117 $306,871.82 $1,879.27 $0.00 $1,735.10 $310,486.19
118 $310,486.19 $1,879.27 $0.00 $1,755.53 $314,120.99
119 $314,120.99 $1,879.27 $0.00 $1,776.09 $317,776.35
120 $317,776.35 $1,879.27 $0.00 $1,796.75 $321,452.37
121 $321,452.37 $1,879.27 $0.00 $1,817.54 $325,149.18
122 $325,149.18 $1,879.27 $0.00 $1,838.44 $328,866.89
123 $328,866.89 $1,879.27 $0.00 $1,859.46 $332,605.62
124 $332,605.62 $1,879.27 $0.00 $1,880.60 $336,365.49
125 $336,365.49 $1,879.27 $0.00 $1,901.86 $340,146.62
126 $340,146.62 $1,879.27 $0.00 $1,923.24 $343,949.13
127 $343,949.13 $1,879.27 $0.00 $1,944.74 $347,773.14
128 $347,773.14 $1,879.27 $0.00 $1,966.36 $351,618.77
129 $351,618.77 $1,879.27 $0.00 $1,988.10 $355,486.14
130 $355,486.14 $1,879.27 $0.00 $2,009.97 $359,375.38
131 $359,375.38 $1,879.27 $0.00 $2,031.96 $363,286.61
132 $363,286.61 $1,879.27 $0.00 $2,054.08 $367,219.96
133 $367,219.96 $1,879.27 $0.00 $2,076.32 $371,175.55
134 $371,175.55 $1,879.27 $0.00 $2,098.68 $375,153.50
135 $375,153.50 $1,879.27 $0.00 $2,121.17 $379,153.94
136 $379,153.94 $1,879.27 $0.00 $2,143.79 $383,177.00
137 $383,177.00 $1,879.27 $0.00 $2,166.54 $387,222.81
138 $387,222.81 $1,879.27 $0.00 $2,189.41 $391,291.49
139 $391,291.49 $1,879.27 $0.00 $2,212.42 $395,383.18
140 $395,383.18 $1,879.27 $0.00 $2,235.55 $399,498.00
141 $399,498.00 $1,879.27 $0.00 $2,258.82 $403,636.09
142 $403,636.09 $1,879.27 $0.00 $2,282.22 $407,797.58
143 $407,797.58 $1,879.27 $0.00 $2,305.75 $411,982.60
144 $411,982.60 $1,879.27 $0.00 $2,329.41 $416,191.28
145 $416,191.28 $1,879.27 $0.00 $2,353.21 $420,423.76
146 $420,423.76 $1,879.27 $0.00 $2,377.14 $424,680.17
147 $424,680.17 $1,879.27 $0.00 $2,401.20 $428,960.64
148 $428,960.64 $1,879.27 $0.00 $2,425.41 $433,265.32
149 $433,265.32 $1,879.27 $0.00 $2,449.75 $437,594.34
150 $437,594.34 $1,879.27 $0.00 $2,474.22 $441,947.83
151 $441,947.83 $1,879.27 $0.00 $2,498.84 $446,325.94
152 $446,325.94 $1,879.27 $0.00 $2,523.59 $450,728.80
153 $450,728.80 $1,879.27 $0.00 $2,548.49 $455,156.56
154 $455,156.56 $1,879.27 $0.00 $2,573.52 $459,609.35
155 $459,609.35 $1,879.27 $0.00 $2,598.70 $464,087.32
156 $464,087.32 $1,879.27 $0.00 $2,624.02 $468,590.61
157 $468,590.61 $1,879.27 $0.00 $2,649.48 $473,119.36
158 $473,119.36 $1,879.27 $0.00 $2,675.09 $477,673.72
159 $477,673.72 $1,879.27 $0.00 $2,700.84 $482,253.83
160 $482,253.83 $1,879.27 $0.00 $2,726.73 $486,859.83
161 $486,859.83 $1,879.27 $0.00 $2,752.78 $491,491.88
162 $491,491.88 $1,879.27 $0.00 $2,778.97 $496,150.12
163 $496,150.12 $1,879.27 $0.00 $2,805.30 $500,834.69
164 $500,834.69 $1,879.27 $0.00 $2,831.79 $505,545.75
165 $505,545.75 $1,879.27 $0.00 $2,858.43 $510,283.45
166 $510,283.45 $1,879.27 $0.00 $2,885.22 $515,047.94
167 $515,047.94 $1,879.27 $0.00 $2,912.16 $519,839.37
168 $519,839.37 $1,879.27 $0.00 $2,939.25 $524,657.89
169 $524,657.89 $1,879.27 $0.00 $2,966.49 $529,503.65
170 $529,503.65 $1,879.27 $0.00 $2,993.89 $534,376.81
171 $534,376.81 $1,879.27 $0.00 $3,021.44 $539,277.52
172 $539,277.52 $1,879.27 $0.00 $3,049.15 $544,205.94
173 $544,205.94 $1,879.27 $0.00 $3,077.02 $549,162.23
174 $549,162.23 $1,879.27 $0.00 $3,105.04 $554,146.54
175 $554,146.54 $1,879.27 $0.00 $3,133.23 $559,159.04
176 $559,159.04 $1,879.27 $0.00 $3,161.57 $564,199.88
177 $564,199.88 $1,879.27 $0.00 $3,190.07 $569,269.22
178 $569,269.22 $1,879.27 $0.00 $3,218.73 $574,367.22
179 $574,367.22 $1,879.27 $0.00 $3,247.56 $579,494.05
180 $579,494.05 $1,879.27 $0.00 $3,276.54 $584,649.86
181 $584,649.86 $1,879.27 $0.00 $3,305.70 $589,834.83
182 $589,834.83 $1,879.27 $0.00 $3,335.01 $595,049.11
183 $595,049.11 $1,879.27 $0.00 $3,364.49 $600,292.87
184 $600,292.87 $1,879.27 $0.00 $3,394.14 $605,566.28
185 $605,566.28 $1,879.27 $0.00 $3,423.96 $610,869.51
186 $610,869.51 $1,879.27 $0.00 $3,453.95 $616,202.73
187 $616,202.73 $1,879.27 $0.00 $3,484.10 $621,566.10
188 $621,566.10 $1,879.27 $0.00 $3,514.43 $626,959.80
189 $626,959.80 $1,879.27 $0.00 $3,544.92 $632,383.99
190 $632,383.99 $1,879.27 $0.00 $3,575.59 $637,838.85
191 $637,838.85 $1,879.27 $0.00 $3,606.43 $643,324.55
192 $643,324.55 $1,879.27 $0.00 $3,637.45 $648,841.27
193 $648,841.27 $1,879.27 $0.00 $3,668.64 $654,389.18
194 $654,389.18 $1,879.27 $0.00 $3,700.01 $659,968.46
195 $659,968.46 $1,879.27 $0.00 $3,731.56 $665,579.29
196 $665,579.29 $1,879.27 $0.00 $3,763.28 $671,221.84
197 $671,221.84 $1,879.27 $0.00 $3,795.19 $676,896.30
198 $676,896.30 $1,879.27 $0.00 $3,827.27 $682,602.84
199 $682,602.84 $1,879.27 $0.00 $3,859.54 $688,341.65
200 $688,341.65 $1,879.27 $0.00 $3,891.98 $694,112.90
201 $694,112.90 $1,879.27 $0.00 $3,924.62 $699,916.79
202 $699,916.79 $1,879.27 $0.00 $3,957.43 $705,753.49
203 $705,753.49 $1,879.27 $0.00 $3,990.43 $711,623.19
204 $711,623.19 $1,879.27 $0.00 $4,023.62 $717,526.08
205 $717,526.08 $1,879.27 $0.00 $4,057.00 $723,462.35
206 $723,462.35 $1,879.27 $0.00 $4,090.56 $729,432.18
207 $729,432.18 $1,879.27 $0.00 $4,124.32 $735,435.77
208 $735,435.77 $1,879.27 $0.00 $4,158.26 $741,473.30
209 $741,473.30 $1,879.27 $0.00 $4,192.40 $747,544.97
210 $747,544.97 $1,879.27 $0.00 $4,226.73 $753,650.97
211 $753,650.97 $1,879.27 $0.00 $4,261.25 $759,791.49
212 $759,791.49 $1,879.27 $0.00 $4,295.97 $765,966.73
213 $765,966.73 $1,879.27 $0.00 $4,330.89 $772,176.89
214 $772,176.89 $1,879.27 $0.00 $4,366.00 $778,422.16
215 $778,422.16 $1,879.27 $0.00 $4,401.31 $784,702.74
216 $784,702.74 $1,879.27 $0.00 $4,436.82 $791,018.83
217 $791,018.83 $1,879.27 $214,223.49 $4,472.54 $583,147.15
218 $583,147.15 $1,879.27 $0.00 $3,297.20 $588,323.62
219 $588,323.62 $1,879.27 $0.00 $3,326.47 $593,529.36
220 $593,529.36 $1,879.27 $0.00 $3,355.90 $598,764.53
221 $598,764.53 $1,879.27 $0.00 $3,385.50 $604,029.30
222 $604,029.30 $1,879.27 $0.00 $3,415.27 $609,323.84
223 $609,323.84 $1,879.27 $0.00 $3,445.21 $614,648.32
224 $614,648.32 $1,879.27 $0.00 $3,475.31 $620,002.90
225 $620,002.90 $1,879.27 $0.00 $3,505.59 $625,387.76
226 $625,387.76 $1,879.27 $0.00 $3,536.03 $630,803.06
227 $630,803.06 $1,879.27 $0.00 $3,566.65 $636,248.98
228 $636,248.98 $1,879.27 $0.00 $3,597.44 $641,725.69
229 $641,725.69 $1,879.27 $229,219.13 $3,628.41 $418,014.24
230 $418,014.24 $1,879.27 $0.00 $2,363.51 $422,257.02
231 $422,257.02 $1,879.27 $0.00 $2,387.50 $426,523.79
232 $426,523.79 $1,879.27 $0.00 $2,411.63 $430,814.69
233 $430,814.69 $1,879.27 $0.00 $2,435.89 $435,129.85
234 $435,129.85 $1,879.27 $0.00 $2,460.29 $439,469.41
235 $439,469.41 $1,879.27 $0.00 $2,484.82 $443,833.50
236 $443,833.50 $1,879.27 $0.00 $2,509.50 $448,222.27
237 $448,222.27 $1,879.27 $0.00 $2,534.31 $452,635.85
238 $452,635.85 $1,879.27 $0.00 $2,559.27 $457,074.39
239 $457,074.39 $1,879.27 $0.00 $2,584.37 $461,538.03
240 $461,538.03 $1,879.27 $0.00 $2,609.60 $466,026.90
241 $466,026.90 $1,879.27 $245,264.47 $2,634.98 $225,276.68
242 $225,276.68 $1,879.27 $0.00 $1,273.75 $228,429.70
243 $228,429.70 $1,879.27 $0.00 $1,291.57 $231,600.54
244 $231,600.54 $1,879.27 $0.00 $1,309.50 $234,789.31
245 $234,789.31 $1,879.27 $0.00 $1,327.53 $237,996.11
246 $237,996.11 $1,879.27 $0.00 $1,345.66 $241,221.04
247 $241,221.04 $1,879.27 $0.00 $1,363.90 $244,464.21
248 $244,464.21 $1,879.27 $0.00 $1,382.24 $247,725.72
249 $247,725.72 $1,879.27 $0.00 $1,400.68 $251,005.67
250 $251,005.67 $1,879.27 $0.00 $1,419.22 $254,304.16
251 $254,304.16 $1,879.27 $0.00 $1,437.87 $257,621.30
252 $257,621.30 $1,879.27 $0.00 $1,456.63 $260,957.20
253 $260,957.20 $0.00 $262,432.98 $1,475.49 -$0.29