Savings Plan and Future Cost Estimation for Augsburg College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$217,158
Monthly savings required$1,716

How much will it cost to send your child to Augsburg College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $868,633.20 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,716.25 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$57,883.00
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 $1,716.25 $0.00 $0.00 $1,716.25
2 $1,716.25 $1,716.25 $0.00 $9.70 $3,442.20
3 $3,442.20 $1,716.25 $0.00 $19.46 $5,177.91
4 $5,177.91 $1,716.25 $0.00 $29.28 $6,923.44
5 $6,923.44 $1,716.25 $0.00 $39.15 $8,678.84
6 $8,678.84 $1,716.25 $0.00 $49.07 $10,444.16
7 $10,444.16 $1,716.25 $0.00 $59.05 $12,219.46
8 $12,219.46 $1,716.25 $0.00 $69.09 $14,004.80
9 $14,004.80 $1,716.25 $0.00 $79.19 $15,800.24
10 $15,800.24 $1,716.25 $0.00 $89.34 $17,605.83
11 $17,605.83 $1,716.25 $0.00 $99.55 $19,421.63
12 $19,421.63 $1,716.25 $0.00 $109.81 $21,247.69
13 $21,247.69 $1,716.25 $0.00 $120.14 $23,084.08
14 $23,084.08 $1,716.25 $0.00 $130.52 $24,930.85
15 $24,930.85 $1,716.25 $0.00 $140.96 $26,788.06
16 $26,788.06 $1,716.25 $0.00 $151.46 $28,655.77
17 $28,655.77 $1,716.25 $0.00 $162.02 $30,534.04
18 $30,534.04 $1,716.25 $0.00 $172.64 $32,422.93
19 $32,422.93 $1,716.25 $0.00 $183.32 $34,322.50
20 $34,322.50 $1,716.25 $0.00 $194.06 $36,232.81
21 $36,232.81 $1,716.25 $0.00 $204.87 $38,153.93
22 $38,153.93 $1,716.25 $0.00 $215.73 $40,085.91
23 $40,085.91 $1,716.25 $0.00 $226.65 $42,028.81
24 $42,028.81 $1,716.25 $0.00 $237.64 $43,982.70
25 $43,982.70 $1,716.25 $0.00 $248.68 $45,947.63
26 $45,947.63 $1,716.25 $0.00 $259.79 $47,923.67
27 $47,923.67 $1,716.25 $0.00 $270.97 $49,910.89
28 $49,910.89 $1,716.25 $0.00 $282.20 $51,909.34
29 $51,909.34 $1,716.25 $0.00 $293.50 $53,919.09
30 $53,919.09 $1,716.25 $0.00 $304.87 $55,940.21
31 $55,940.21 $1,716.25 $0.00 $316.29 $57,972.75
32 $57,972.75 $1,716.25 $0.00 $327.79 $60,016.79
33 $60,016.79 $1,716.25 $0.00 $339.34 $62,072.38
34 $62,072.38 $1,716.25 $0.00 $350.97 $64,139.60
35 $64,139.60 $1,716.25 $0.00 $362.65 $66,218.50
36 $66,218.50 $1,716.25 $0.00 $374.41 $68,309.16
37 $68,309.16 $1,716.25 $0.00 $386.23 $70,411.64
38 $70,411.64 $1,716.25 $0.00 $398.12 $72,526.01
39 $72,526.01 $1,716.25 $0.00 $410.07 $74,652.33
40 $74,652.33 $1,716.25 $0.00 $422.10 $76,790.68
41 $76,790.68 $1,716.25 $0.00 $434.19 $78,941.12
42 $78,941.12 $1,716.25 $0.00 $446.34 $81,103.71
43 $81,103.71 $1,716.25 $0.00 $458.57 $83,278.53
44 $83,278.53 $1,716.25 $0.00 $470.87 $85,465.65
45 $85,465.65 $1,716.25 $0.00 $483.24 $87,665.14
46 $87,665.14 $1,716.25 $0.00 $495.67 $89,877.06
47 $89,877.06 $1,716.25 $0.00 $508.18 $92,101.49
48 $92,101.49 $1,716.25 $0.00 $520.76 $94,338.50
49 $94,338.50 $1,716.25 $0.00 $533.40 $96,588.15
50 $96,588.15 $1,716.25 $0.00 $546.12 $98,850.52
51 $98,850.52 $1,716.25 $0.00 $558.92 $101,125.69
52 $101,125.69 $1,716.25 $0.00 $571.78 $103,413.72
53 $103,413.72 $1,716.25 $0.00 $584.72 $105,714.69
54 $105,714.69 $1,716.25 $0.00 $597.73 $108,028.67
55 $108,028.67 $1,716.25 $0.00 $610.81 $110,355.73
56 $110,355.73 $1,716.25 $0.00 $623.97 $112,695.95
57 $112,695.95 $1,716.25 $0.00 $637.20 $115,049.40
58 $115,049.40 $1,716.25 $0.00 $650.51 $117,416.16
59 $117,416.16 $1,716.25 $0.00 $663.89 $119,796.30
60 $119,796.30 $1,716.25 $0.00 $677.35 $122,189.90
61 $122,189.90 $1,716.25 $0.00 $690.88 $124,597.03
62 $124,597.03 $1,716.25 $0.00 $704.49 $127,017.77
63 $127,017.77 $1,716.25 $0.00 $718.18 $129,452.20
64 $129,452.20 $1,716.25 $0.00 $731.94 $131,900.39
65 $131,900.39 $1,716.25 $0.00 $745.78 $134,362.42
66 $134,362.42 $1,716.25 $0.00 $759.70 $136,838.37
67 $136,838.37 $1,716.25 $0.00 $773.70 $139,328.32
68 $139,328.32 $1,716.25 $0.00 $787.78 $141,832.35
69 $141,832.35 $1,716.25 $0.00 $801.94 $144,350.54
70 $144,350.54 $1,716.25 $0.00 $816.18 $146,882.97
71 $146,882.97 $1,716.25 $0.00 $830.50 $149,429.72
72 $149,429.72 $1,716.25 $0.00 $844.90 $151,990.87
73 $151,990.87 $1,716.25 $0.00 $859.38 $154,566.50
74 $154,566.50 $1,716.25 $0.00 $873.94 $157,156.69
75 $157,156.69 $1,716.25 $0.00 $888.59 $159,761.53
76 $159,761.53 $1,716.25 $0.00 $903.31 $162,381.09
77 $162,381.09 $1,716.25 $0.00 $918.13 $165,015.47
78 $165,015.47 $1,716.25 $0.00 $933.02 $167,664.74
79 $167,664.74 $1,716.25 $0.00 $948.00 $170,328.99
80 $170,328.99 $1,716.25 $0.00 $963.06 $173,008.30
81 $173,008.30 $1,716.25 $0.00 $978.21 $175,702.76
82 $175,702.76 $1,716.25 $0.00 $993.45 $178,412.46
83 $178,412.46 $1,716.25 $0.00 $1,008.77 $181,137.48
84 $181,137.48 $1,716.25 $0.00 $1,024.18 $183,877.91
85 $183,877.91 $1,716.25 $0.00 $1,039.67 $186,633.83
86 $186,633.83 $1,716.25 $0.00 $1,055.25 $189,405.33
87 $189,405.33 $1,716.25 $0.00 $1,070.93 $192,192.51
88 $192,192.51 $1,716.25 $0.00 $1,086.68 $194,995.44
89 $194,995.44 $1,716.25 $0.00 $1,102.53 $197,814.22
90 $197,814.22 $1,716.25 $0.00 $1,118.47 $200,648.94
91 $200,648.94 $1,716.25 $0.00 $1,134.50 $203,499.69
92 $203,499.69 $1,716.25 $0.00 $1,150.62 $206,366.56
93 $206,366.56 $1,716.25 $0.00 $1,166.83 $209,249.64
94 $209,249.64 $1,716.25 $0.00 $1,183.13 $212,149.02
95 $212,149.02 $1,716.25 $0.00 $1,199.52 $215,064.79
96 $215,064.79 $1,716.25 $0.00 $1,216.01 $217,997.05
97 $217,997.05 $1,716.25 $0.00 $1,232.59 $220,945.89
98 $220,945.89 $1,716.25 $0.00 $1,249.26 $223,911.40
99 $223,911.40 $1,716.25 $0.00 $1,266.03 $226,893.68
100 $226,893.68 $1,716.25 $0.00 $1,282.89 $229,892.82
101 $229,892.82 $1,716.25 $0.00 $1,299.85 $232,908.92
102 $232,908.92 $1,716.25 $0.00 $1,316.90 $235,942.07
103 $235,942.07 $1,716.25 $0.00 $1,334.05 $238,992.37
104 $238,992.37 $1,716.25 $0.00 $1,351.30 $242,059.92
105 $242,059.92 $1,716.25 $0.00 $1,368.64 $245,144.81
106 $245,144.81 $1,716.25 $0.00 $1,386.08 $248,247.14
107 $248,247.14 $1,716.25 $0.00 $1,403.63 $251,367.02
108 $251,367.02 $1,716.25 $0.00 $1,421.27 $254,504.54
109 $254,504.54 $1,716.25 $0.00 $1,439.01 $257,659.80
110 $257,659.80 $1,716.25 $0.00 $1,456.85 $260,832.90
111 $260,832.90 $1,716.25 $0.00 $1,474.79 $264,023.94
112 $264,023.94 $1,716.25 $0.00 $1,492.83 $267,233.02
113 $267,233.02 $1,716.25 $0.00 $1,510.97 $270,460.24
114 $270,460.24 $1,716.25 $0.00 $1,529.22 $273,705.71
115 $273,705.71 $1,716.25 $0.00 $1,547.57 $276,969.53
116 $276,969.53 $1,716.25 $0.00 $1,566.03 $280,251.81
117 $280,251.81 $1,716.25 $0.00 $1,584.58 $283,552.64
118 $283,552.64 $1,716.25 $0.00 $1,603.25 $286,872.14
119 $286,872.14 $1,716.25 $0.00 $1,622.02 $290,210.41
120 $290,210.41 $1,716.25 $0.00 $1,640.89 $293,567.55
121 $293,567.55 $1,716.25 $0.00 $1,659.87 $296,943.67
122 $296,943.67 $1,716.25 $0.00 $1,678.96 $300,338.88
123 $300,338.88 $1,716.25 $0.00 $1,698.16 $303,753.29
124 $303,753.29 $1,716.25 $0.00 $1,717.47 $307,187.01
125 $307,187.01 $1,716.25 $0.00 $1,736.88 $310,640.14
126 $310,640.14 $1,716.25 $0.00 $1,756.40 $314,112.79
127 $314,112.79 $1,716.25 $0.00 $1,776.04 $317,605.08
128 $317,605.08 $1,716.25 $0.00 $1,795.79 $321,117.12
129 $321,117.12 $1,716.25 $0.00 $1,815.64 $324,649.01
130 $324,649.01 $1,716.25 $0.00 $1,835.61 $328,200.87
131 $328,200.87 $1,716.25 $0.00 $1,855.70 $331,772.82
132 $331,772.82 $1,716.25 $0.00 $1,875.89 $335,364.96
133 $335,364.96 $1,716.25 $0.00 $1,896.20 $338,977.41
134 $338,977.41 $1,716.25 $0.00 $1,916.63 $342,610.29
135 $342,610.29 $1,716.25 $0.00 $1,937.17 $346,263.71
136 $346,263.71 $1,716.25 $0.00 $1,957.83 $349,937.79
137 $349,937.79 $1,716.25 $0.00 $1,978.60 $353,632.64
138 $353,632.64 $1,716.25 $0.00 $1,999.49 $357,348.38
139 $357,348.38 $1,716.25 $0.00 $2,020.50 $361,085.13
140 $361,085.13 $1,716.25 $0.00 $2,041.63 $364,843.01
141 $364,843.01 $1,716.25 $0.00 $2,062.88 $368,622.14
142 $368,622.14 $1,716.25 $0.00 $2,084.24 $372,422.63
143 $372,422.63 $1,716.25 $0.00 $2,105.73 $376,244.61
144 $376,244.61 $1,716.25 $0.00 $2,127.34 $380,088.20
145 $380,088.20 $1,716.25 $0.00 $2,149.07 $383,953.52
146 $383,953.52 $1,716.25 $0.00 $2,170.93 $387,840.70
147 $387,840.70 $1,716.25 $0.00 $2,192.91 $391,749.86
148 $391,749.86 $1,716.25 $0.00 $2,215.01 $395,681.12
149 $395,681.12 $1,716.25 $0.00 $2,237.24 $399,634.61
150 $399,634.61 $1,716.25 $0.00 $2,259.59 $403,610.45
151 $403,610.45 $1,716.25 $0.00 $2,282.07 $407,608.77
152 $407,608.77 $1,716.25 $0.00 $2,304.68 $411,629.70
153 $411,629.70 $1,716.25 $0.00 $2,327.41 $415,673.36
154 $415,673.36 $1,716.25 $0.00 $2,350.28 $419,739.89
155 $419,739.89 $1,716.25 $0.00 $2,373.27 $423,829.41
156 $423,829.41 $1,716.25 $0.00 $2,396.39 $427,942.05
157 $427,942.05 $1,716.25 $0.00 $2,419.65 $432,077.95
158 $432,077.95 $1,716.25 $0.00 $2,443.03 $436,237.23
159 $436,237.23 $1,716.25 $0.00 $2,466.55 $440,420.03
160 $440,420.03 $1,716.25 $0.00 $2,490.20 $444,626.48
161 $444,626.48 $1,716.25 $0.00 $2,513.98 $448,856.71
162 $448,856.71 $1,716.25 $0.00 $2,537.90 $453,110.86
163 $453,110.86 $1,716.25 $0.00 $2,561.95 $457,389.06
164 $457,389.06 $1,716.25 $0.00 $2,586.14 $461,691.45
165 $461,691.45 $1,716.25 $0.00 $2,610.47 $466,018.17
166 $466,018.17 $1,716.25 $0.00 $2,634.93 $470,369.35
167 $470,369.35 $1,716.25 $0.00 $2,659.54 $474,745.14
168 $474,745.14 $1,716.25 $0.00 $2,684.28 $479,145.67
169 $479,145.67 $1,716.25 $0.00 $2,709.16 $483,571.08
170 $483,571.08 $1,716.25 $0.00 $2,734.18 $488,021.51
171 $488,021.51 $1,716.25 $0.00 $2,759.34 $492,497.10
172 $492,497.10 $1,716.25 $0.00 $2,784.65 $496,998.00
173 $496,998.00 $1,716.25 $0.00 $2,810.10 $501,524.35
174 $501,524.35 $1,716.25 $0.00 $2,835.69 $506,076.29
175 $506,076.29 $1,716.25 $0.00 $2,861.43 $510,653.97
176 $510,653.97 $1,716.25 $0.00 $2,887.31 $515,257.53
177 $515,257.53 $1,716.25 $0.00 $2,913.34 $519,887.12
178 $519,887.12 $1,716.25 $0.00 $2,939.52 $524,542.89
179 $524,542.89 $1,716.25 $0.00 $2,965.84 $529,224.98
180 $529,224.98 $1,716.25 $0.00 $2,992.31 $533,933.54
181 $533,933.54 $1,716.25 $0.00 $3,018.94 $538,668.73
182 $538,668.73 $1,716.25 $0.00 $3,045.71 $543,430.69
183 $543,430.69 $1,716.25 $0.00 $3,072.64 $548,219.58
184 $548,219.58 $1,716.25 $0.00 $3,099.71 $553,035.54
185 $553,035.54 $1,716.25 $0.00 $3,126.94 $557,878.73
186 $557,878.73 $1,716.25 $0.00 $3,154.33 $562,749.31
187 $562,749.31 $1,716.25 $0.00 $3,181.87 $567,647.43
188 $567,647.43 $1,716.25 $0.00 $3,209.56 $572,573.24
189 $572,573.24 $1,716.25 $0.00 $3,237.41 $577,526.90
190 $577,526.90 $1,716.25 $0.00 $3,265.42 $582,508.57
191 $582,508.57 $1,716.25 $0.00 $3,293.59 $587,518.41
192 $587,518.41 $1,716.25 $0.00 $3,321.91 $592,556.57
193 $592,556.57 $1,716.25 $0.00 $3,350.40 $597,623.22
194 $597,623.22 $1,716.25 $0.00 $3,379.05 $602,718.52
195 $602,718.52 $1,716.25 $0.00 $3,407.86 $607,842.63
196 $607,842.63 $1,716.25 $0.00 $3,436.83 $612,995.71
197 $612,995.71 $1,716.25 $0.00 $3,465.97 $618,177.93
198 $618,177.93 $1,716.25 $0.00 $3,495.27 $623,389.45
199 $623,389.45 $1,716.25 $0.00 $3,524.73 $628,630.43
200 $628,630.43 $1,716.25 $0.00 $3,554.37 $633,901.05
201 $633,901.05 $1,716.25 $0.00 $3,584.17 $639,201.47
202 $639,201.47 $1,716.25 $0.00 $3,614.14 $644,531.86
203 $644,531.86 $1,716.25 $0.00 $3,644.28 $649,892.39
204 $649,892.39 $1,716.25 $0.00 $3,674.59 $655,283.23
205 $655,283.23 $1,716.25 $0.00 $3,705.07 $660,704.55
206 $660,704.55 $1,716.25 $0.00 $3,735.72 $666,156.52
207 $666,156.52 $1,716.25 $0.00 $3,766.55 $671,639.32
208 $671,639.32 $1,716.25 $0.00 $3,797.55 $677,153.12
209 $677,153.12 $1,716.25 $0.00 $3,828.72 $682,698.09
210 $682,698.09 $1,716.25 $0.00 $3,860.07 $688,274.41
211 $688,274.41 $1,716.25 $0.00 $3,891.60 $693,882.26
212 $693,882.26 $1,716.25 $0.00 $3,923.31 $699,521.82
213 $699,521.82 $1,716.25 $0.00 $3,955.20 $705,193.27
214 $705,193.27 $1,716.25 $0.00 $3,987.27 $710,896.79
215 $710,896.79 $1,716.25 $0.00 $4,019.51 $716,632.55
216 $716,632.55 $1,716.25 $0.00 $4,051.94 $722,400.74
217 $722,400.74 $1,716.25 $195,640.62 $4,084.56 $532,560.93
218 $532,560.93 $1,716.25 $0.00 $3,011.18 $537,288.36
219 $537,288.36 $1,716.25 $0.00 $3,037.91 $542,042.52
220 $542,042.52 $1,716.25 $0.00 $3,064.79 $546,823.56
221 $546,823.56 $1,716.25 $0.00 $3,091.82 $551,631.63
222 $551,631.63 $1,716.25 $0.00 $3,119.01 $556,466.89
223 $556,466.89 $1,716.25 $0.00 $3,146.34 $561,329.48
224 $561,329.48 $1,716.25 $0.00 $3,173.84 $566,219.57
225 $566,219.57 $1,716.25 $0.00 $3,201.49 $571,137.31
226 $571,137.31 $1,716.25 $0.00 $3,229.29 $576,082.85
227 $576,082.85 $1,716.25 $0.00 $3,257.26 $581,056.36
228 $581,056.36 $1,716.25 $0.00 $3,285.38 $586,057.99
229 $586,057.99 $1,716.25 $209,335.46 $3,313.66 $381,752.44
230 $381,752.44 $1,716.25 $0.00 $2,158.48 $385,627.17
231 $385,627.17 $1,716.25 $0.00 $2,180.39 $389,523.81
232 $389,523.81 $1,716.25 $0.00 $2,202.42 $393,442.48
233 $393,442.48 $1,716.25 $0.00 $2,224.58 $397,383.31
234 $397,383.31 $1,716.25 $0.00 $2,246.86 $401,346.42
235 $401,346.42 $1,716.25 $0.00 $2,269.27 $405,331.94
236 $405,331.94 $1,716.25 $0.00 $2,291.81 $409,340.00
237 $409,340.00 $1,716.25 $0.00 $2,314.47 $413,370.72
238 $413,370.72 $1,716.25 $0.00 $2,337.26 $417,424.23
239 $417,424.23 $1,716.25 $0.00 $2,360.18 $421,500.66
240 $421,500.66 $1,716.25 $0.00 $2,383.23 $425,600.14
241 $425,600.14 $1,716.25 $223,988.95 $2,406.41 $205,733.85
242 $205,733.85 $1,716.25 $0.00 $1,163.25 $208,613.35
243 $208,613.35 $1,716.25 $0.00 $1,179.53 $211,509.13
244 $211,509.13 $1,716.25 $0.00 $1,195.90 $214,421.28
245 $214,421.28 $1,716.25 $0.00 $1,212.37 $217,349.90
246 $217,349.90 $1,716.25 $0.00 $1,228.93 $220,295.08
247 $220,295.08 $1,716.25 $0.00 $1,245.58 $223,256.91
248 $223,256.91 $1,716.25 $0.00 $1,262.33 $226,235.49
249 $226,235.49 $1,716.25 $0.00 $1,279.17 $229,230.91
250 $229,230.91 $1,716.25 $0.00 $1,296.10 $232,243.26
251 $232,243.26 $1,716.25 $0.00 $1,313.14 $235,272.65
252 $235,272.65 $1,716.25 $0.00 $1,330.27 $238,319.17
253 $238,319.17 $0.00 $239,668.17 $1,347.49 -$1.51