Savings Plan and Future Cost Estimation for Gustavus Adolphus College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$248,061
Monthly savings required$1,960

How much will it cost to send your child to Gustavus Adolphus College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $992,243.44 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,960.48 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$66,120.00
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 $1,960.48 $0.00 $0.00 $1,960.48
2 $1,960.48 $1,960.48 $0.00 $11.08 $3,932.04
3 $3,932.04 $1,960.48 $0.00 $22.23 $5,914.75
4 $5,914.75 $1,960.48 $0.00 $33.44 $7,908.67
5 $7,908.67 $1,960.48 $0.00 $44.72 $9,913.87
6 $9,913.87 $1,960.48 $0.00 $56.05 $11,930.40
7 $11,930.40 $1,960.48 $0.00 $67.46 $13,958.34
8 $13,958.34 $1,960.48 $0.00 $78.92 $15,997.74
9 $15,997.74 $1,960.48 $0.00 $90.45 $18,048.67
10 $18,048.67 $1,960.48 $0.00 $102.05 $20,111.20
11 $20,111.20 $1,960.48 $0.00 $113.71 $22,185.39
12 $22,185.39 $1,960.48 $0.00 $125.44 $24,271.31
13 $24,271.31 $1,960.48 $0.00 $137.23 $26,369.02
14 $26,369.02 $1,960.48 $0.00 $149.09 $28,478.59
15 $28,478.59 $1,960.48 $0.00 $161.02 $30,600.09
16 $30,600.09 $1,960.48 $0.00 $173.02 $32,733.59
17 $32,733.59 $1,960.48 $0.00 $185.08 $34,879.15
18 $34,879.15 $1,960.48 $0.00 $197.21 $37,036.84
19 $37,036.84 $1,960.48 $0.00 $209.41 $39,206.73
20 $39,206.73 $1,960.48 $0.00 $221.68 $41,388.89
21 $41,388.89 $1,960.48 $0.00 $234.02 $43,583.39
22 $43,583.39 $1,960.48 $0.00 $246.43 $45,790.30
23 $45,790.30 $1,960.48 $0.00 $258.91 $48,009.69
24 $48,009.69 $1,960.48 $0.00 $271.45 $50,241.62
25 $50,241.62 $1,960.48 $0.00 $284.07 $52,486.17
26 $52,486.17 $1,960.48 $0.00 $296.76 $54,743.41
27 $54,743.41 $1,960.48 $0.00 $309.53 $57,013.42
28 $57,013.42 $1,960.48 $0.00 $322.36 $59,296.26
29 $59,296.26 $1,960.48 $0.00 $335.27 $61,592.01
30 $61,592.01 $1,960.48 $0.00 $348.25 $63,900.74
31 $63,900.74 $1,960.48 $0.00 $361.30 $66,222.52
32 $66,222.52 $1,960.48 $0.00 $374.43 $68,557.43
33 $68,557.43 $1,960.48 $0.00 $387.63 $70,905.54
34 $70,905.54 $1,960.48 $0.00 $400.91 $73,266.93
35 $73,266.93 $1,960.48 $0.00 $414.26 $75,641.67
36 $75,641.67 $1,960.48 $0.00 $427.69 $78,029.84
37 $78,029.84 $1,960.48 $0.00 $441.19 $80,431.51
38 $80,431.51 $1,960.48 $0.00 $454.77 $82,846.76
39 $82,846.76 $1,960.48 $0.00 $468.43 $85,275.67
40 $85,275.67 $1,960.48 $0.00 $482.16 $87,718.31
41 $87,718.31 $1,960.48 $0.00 $495.97 $90,174.76
42 $90,174.76 $1,960.48 $0.00 $509.86 $92,645.10
43 $92,645.10 $1,960.48 $0.00 $523.83 $95,129.41
44 $95,129.41 $1,960.48 $0.00 $537.88 $97,627.77
45 $97,627.77 $1,960.48 $0.00 $552.00 $100,140.25
46 $100,140.25 $1,960.48 $0.00 $566.21 $102,666.94
47 $102,666.94 $1,960.48 $0.00 $580.49 $105,207.91
48 $105,207.91 $1,960.48 $0.00 $594.86 $107,763.25
49 $107,763.25 $1,960.48 $0.00 $609.31 $110,333.04
50 $110,333.04 $1,960.48 $0.00 $623.84 $112,917.36
51 $112,917.36 $1,960.48 $0.00 $638.45 $115,516.29
52 $115,516.29 $1,960.48 $0.00 $653.15 $118,129.92
53 $118,129.92 $1,960.48 $0.00 $667.92 $120,758.32
54 $120,758.32 $1,960.48 $0.00 $682.79 $123,401.59
55 $123,401.59 $1,960.48 $0.00 $697.73 $126,059.80
56 $126,059.80 $1,960.48 $0.00 $712.76 $128,733.04
57 $128,733.04 $1,960.48 $0.00 $727.88 $131,421.40
58 $131,421.40 $1,960.48 $0.00 $743.08 $134,124.96
59 $134,124.96 $1,960.48 $0.00 $758.36 $136,843.80
60 $136,843.80 $1,960.48 $0.00 $773.73 $139,578.01
61 $139,578.01 $1,960.48 $0.00 $789.19 $142,327.68
62 $142,327.68 $1,960.48 $0.00 $804.74 $145,092.90
63 $145,092.90 $1,960.48 $0.00 $820.38 $147,873.76
64 $147,873.76 $1,960.48 $0.00 $836.10 $150,670.34
65 $150,670.34 $1,960.48 $0.00 $851.91 $153,482.73
66 $153,482.73 $1,960.48 $0.00 $867.81 $156,311.02
67 $156,311.02 $1,960.48 $0.00 $883.81 $159,155.31
68 $159,155.31 $1,960.48 $0.00 $899.89 $162,015.68
69 $162,015.68 $1,960.48 $0.00 $916.06 $164,892.22
70 $164,892.22 $1,960.48 $0.00 $932.32 $167,785.02
71 $167,785.02 $1,960.48 $0.00 $948.68 $170,694.18
72 $170,694.18 $1,960.48 $0.00 $965.13 $173,619.79
73 $173,619.79 $1,960.48 $0.00 $981.67 $176,561.94
74 $176,561.94 $1,960.48 $0.00 $998.31 $179,520.73
75 $179,520.73 $1,960.48 $0.00 $1,015.04 $182,496.25
76 $182,496.25 $1,960.48 $0.00 $1,031.86 $185,488.59
77 $185,488.59 $1,960.48 $0.00 $1,048.78 $188,497.85
78 $188,497.85 $1,960.48 $0.00 $1,065.79 $191,524.12
79 $191,524.12 $1,960.48 $0.00 $1,082.91 $194,567.51
80 $194,567.51 $1,960.48 $0.00 $1,100.11 $197,628.10
81 $197,628.10 $1,960.48 $0.00 $1,117.42 $200,706.00
82 $200,706.00 $1,960.48 $0.00 $1,134.82 $203,801.30
83 $203,801.30 $1,960.48 $0.00 $1,152.32 $206,914.10
84 $206,914.10 $1,960.48 $0.00 $1,169.92 $210,044.50
85 $210,044.50 $1,960.48 $0.00 $1,187.62 $213,192.60
86 $213,192.60 $1,960.48 $0.00 $1,205.42 $216,358.50
87 $216,358.50 $1,960.48 $0.00 $1,223.32 $219,542.30
88 $219,542.30 $1,960.48 $0.00 $1,241.32 $222,744.10
89 $222,744.10 $1,960.48 $0.00 $1,259.43 $225,964.01
90 $225,964.01 $1,960.48 $0.00 $1,277.63 $229,202.12
91 $229,202.12 $1,960.48 $0.00 $1,295.94 $232,458.54
92 $232,458.54 $1,960.48 $0.00 $1,314.35 $235,733.37
93 $235,733.37 $1,960.48 $0.00 $1,332.87 $239,026.72
94 $239,026.72 $1,960.48 $0.00 $1,351.49 $242,338.69
95 $242,338.69 $1,960.48 $0.00 $1,370.22 $245,669.39
96 $245,669.39 $1,960.48 $0.00 $1,389.05 $249,018.92
97 $249,018.92 $1,960.48 $0.00 $1,407.99 $252,387.39
98 $252,387.39 $1,960.48 $0.00 $1,427.03 $255,774.90
99 $255,774.90 $1,960.48 $0.00 $1,446.19 $259,181.57
100 $259,181.57 $1,960.48 $0.00 $1,465.45 $262,607.50
101 $262,607.50 $1,960.48 $0.00 $1,484.82 $266,052.80
102 $266,052.80 $1,960.48 $0.00 $1,504.30 $269,517.58
103 $269,517.58 $1,960.48 $0.00 $1,523.89 $273,001.95
104 $273,001.95 $1,960.48 $0.00 $1,543.59 $276,506.02
105 $276,506.02 $1,960.48 $0.00 $1,563.41 $280,029.91
106 $280,029.91 $1,960.48 $0.00 $1,583.33 $283,573.72
107 $283,573.72 $1,960.48 $0.00 $1,603.37 $287,137.57
108 $287,137.57 $1,960.48 $0.00 $1,623.52 $290,721.57
109 $290,721.57 $1,960.48 $0.00 $1,643.78 $294,325.83
110 $294,325.83 $1,960.48 $0.00 $1,664.16 $297,950.47
111 $297,950.47 $1,960.48 $0.00 $1,684.66 $301,595.61
112 $301,595.61 $1,960.48 $0.00 $1,705.27 $305,261.36
113 $305,261.36 $1,960.48 $0.00 $1,725.99 $308,947.83
114 $308,947.83 $1,960.48 $0.00 $1,746.84 $312,655.15
115 $312,655.15 $1,960.48 $0.00 $1,767.80 $316,383.43
116 $316,383.43 $1,960.48 $0.00 $1,788.88 $320,132.79
117 $320,132.79 $1,960.48 $0.00 $1,810.08 $323,903.35
118 $323,903.35 $1,960.48 $0.00 $1,831.40 $327,695.23
119 $327,695.23 $1,960.48 $0.00 $1,852.84 $331,508.55
120 $331,508.55 $1,960.48 $0.00 $1,874.40 $335,343.43
121 $335,343.43 $1,960.48 $0.00 $1,896.08 $339,199.99
122 $339,199.99 $1,960.48 $0.00 $1,917.89 $343,078.36
123 $343,078.36 $1,960.48 $0.00 $1,939.81 $346,978.65
124 $346,978.65 $1,960.48 $0.00 $1,961.87 $350,901.00
125 $350,901.00 $1,960.48 $0.00 $1,984.05 $354,845.53
126 $354,845.53 $1,960.48 $0.00 $2,006.35 $358,812.36
127 $358,812.36 $1,960.48 $0.00 $2,028.78 $362,801.62
128 $362,801.62 $1,960.48 $0.00 $2,051.33 $366,813.43
129 $366,813.43 $1,960.48 $0.00 $2,074.02 $370,847.93
130 $370,847.93 $1,960.48 $0.00 $2,096.83 $374,905.24
131 $374,905.24 $1,960.48 $0.00 $2,119.77 $378,985.49
132 $378,985.49 $1,960.48 $0.00 $2,142.84 $383,088.81
133 $383,088.81 $1,960.48 $0.00 $2,166.04 $387,215.33
134 $387,215.33 $1,960.48 $0.00 $2,189.37 $391,365.18
135 $391,365.18 $1,960.48 $0.00 $2,212.84 $395,538.50
136 $395,538.50 $1,960.48 $0.00 $2,236.43 $399,735.41
137 $399,735.41 $1,960.48 $0.00 $2,260.16 $403,956.05
138 $403,956.05 $1,960.48 $0.00 $2,284.03 $408,200.56
139 $408,200.56 $1,960.48 $0.00 $2,308.03 $412,469.07
140 $412,469.07 $1,960.48 $0.00 $2,332.16 $416,761.71
141 $416,761.71 $1,960.48 $0.00 $2,356.43 $421,078.62
142 $421,078.62 $1,960.48 $0.00 $2,380.84 $425,419.94
143 $425,419.94 $1,960.48 $0.00 $2,405.39 $429,785.81
144 $429,785.81 $1,960.48 $0.00 $2,430.07 $434,176.36
145 $434,176.36 $1,960.48 $0.00 $2,454.90 $438,591.74
146 $438,591.74 $1,960.48 $0.00 $2,479.86 $443,032.08
147 $443,032.08 $1,960.48 $0.00 $2,504.97 $447,497.53
148 $447,497.53 $1,960.48 $0.00 $2,530.22 $451,988.23
149 $451,988.23 $1,960.48 $0.00 $2,555.61 $456,504.32
150 $456,504.32 $1,960.48 $0.00 $2,581.14 $461,045.94
151 $461,045.94 $1,960.48 $0.00 $2,606.82 $465,613.24
152 $465,613.24 $1,960.48 $0.00 $2,632.64 $470,206.36
153 $470,206.36 $1,960.48 $0.00 $2,658.62 $474,825.46
154 $474,825.46 $1,960.48 $0.00 $2,684.73 $479,470.67
155 $479,470.67 $1,960.48 $0.00 $2,711.00 $484,142.15
156 $484,142.15 $1,960.48 $0.00 $2,737.41 $488,840.04
157 $488,840.04 $1,960.48 $0.00 $2,763.97 $493,564.49
158 $493,564.49 $1,960.48 $0.00 $2,790.69 $498,315.66
159 $498,315.66 $1,960.48 $0.00 $2,817.55 $503,093.69
160 $503,093.69 $1,960.48 $0.00 $2,844.56 $507,898.73
161 $507,898.73 $1,960.48 $0.00 $2,871.73 $512,730.94
162 $512,730.94 $1,960.48 $0.00 $2,899.06 $517,590.48
163 $517,590.48 $1,960.48 $0.00 $2,926.53 $522,477.49
164 $522,477.49 $1,960.48 $0.00 $2,954.16 $527,392.13
165 $527,392.13 $1,960.48 $0.00 $2,981.95 $532,334.56
166 $532,334.56 $1,960.48 $0.00 $3,009.90 $537,304.94
167 $537,304.94 $1,960.48 $0.00 $3,038.00 $542,303.42
168 $542,303.42 $1,960.48 $0.00 $3,066.26 $547,330.16
169 $547,330.16 $1,960.48 $0.00 $3,094.68 $552,385.32
170 $552,385.32 $1,960.48 $0.00 $3,123.27 $557,469.07
171 $557,469.07 $1,960.48 $0.00 $3,152.01 $562,581.56
172 $562,581.56 $1,960.48 $0.00 $3,180.92 $567,722.96
173 $567,722.96 $1,960.48 $0.00 $3,209.99 $572,893.43
174 $572,893.43 $1,960.48 $0.00 $3,239.22 $578,093.13
175 $578,093.13 $1,960.48 $0.00 $3,268.62 $583,322.23
176 $583,322.23 $1,960.48 $0.00 $3,298.19 $588,580.90
177 $588,580.90 $1,960.48 $0.00 $3,327.92 $593,869.30
178 $593,869.30 $1,960.48 $0.00 $3,357.82 $599,187.60
179 $599,187.60 $1,960.48 $0.00 $3,387.89 $604,535.97
180 $604,535.97 $1,960.48 $0.00 $3,418.13 $609,914.58
181 $609,914.58 $1,960.48 $0.00 $3,448.55 $615,323.61
182 $615,323.61 $1,960.48 $0.00 $3,479.13 $620,763.22
183 $620,763.22 $1,960.48 $0.00 $3,509.89 $626,233.59
184 $626,233.59 $1,960.48 $0.00 $3,540.82 $631,734.89
185 $631,734.89 $1,960.48 $0.00 $3,571.92 $637,267.29
186 $637,267.29 $1,960.48 $0.00 $3,603.20 $642,830.97
187 $642,830.97 $1,960.48 $0.00 $3,634.66 $648,426.11
188 $648,426.11 $1,960.48 $0.00 $3,666.30 $654,052.89
189 $654,052.89 $1,960.48 $0.00 $3,698.11 $659,711.48
190 $659,711.48 $1,960.48 $0.00 $3,730.10 $665,402.06
191 $665,402.06 $1,960.48 $0.00 $3,762.28 $671,124.82
192 $671,124.82 $1,960.48 $0.00 $3,794.64 $676,879.94
193 $676,879.94 $1,960.48 $0.00 $3,827.18 $682,667.60
194 $682,667.60 $1,960.48 $0.00 $3,859.90 $688,487.98
195 $688,487.98 $1,960.48 $0.00 $3,892.81 $694,341.27
196 $694,341.27 $1,960.48 $0.00 $3,925.91 $700,227.66
197 $700,227.66 $1,960.48 $0.00 $3,959.19 $706,147.33
198 $706,147.33 $1,960.48 $0.00 $3,992.66 $712,100.47
199 $712,100.47 $1,960.48 $0.00 $4,026.32 $718,087.27
200 $718,087.27 $1,960.48 $0.00 $4,060.17 $724,107.92
201 $724,107.92 $1,960.48 $0.00 $4,094.21 $730,162.61
202 $730,162.61 $1,960.48 $0.00 $4,128.45 $736,251.54
203 $736,251.54 $1,960.48 $0.00 $4,162.87 $742,374.89
204 $742,374.89 $1,960.48 $0.00 $4,197.50 $748,532.87
205 $748,532.87 $1,960.48 $0.00 $4,232.31 $754,725.66
206 $754,725.66 $1,960.48 $0.00 $4,267.33 $760,953.47
207 $760,953.47 $1,960.48 $0.00 $4,302.54 $767,216.49
208 $767,216.49 $1,960.48 $0.00 $4,337.95 $773,514.92
209 $773,514.92 $1,960.48 $0.00 $4,373.57 $779,848.97
210 $779,848.97 $1,960.48 $0.00 $4,409.38 $786,218.83
211 $786,218.83 $1,960.48 $0.00 $4,445.40 $792,624.71
212 $792,624.71 $1,960.48 $0.00 $4,481.62 $799,066.81
213 $799,066.81 $1,960.48 $0.00 $4,518.04 $805,545.33
214 $805,545.33 $1,960.48 $0.00 $4,554.67 $812,060.48
215 $812,060.48 $1,960.48 $0.00 $4,591.51 $818,612.47
216 $818,612.47 $1,960.48 $0.00 $4,628.55 $825,201.50
217 $825,201.50 $1,960.48 $223,481.12 $4,665.81 $608,346.67
218 $608,346.67 $1,960.48 $0.00 $3,439.68 $613,746.83
219 $613,746.83 $1,960.48 $0.00 $3,470.21 $619,177.52
220 $619,177.52 $1,960.48 $0.00 $3,500.92 $624,638.92
221 $624,638.92 $1,960.48 $0.00 $3,531.80 $630,131.20
222 $630,131.20 $1,960.48 $0.00 $3,562.85 $635,654.53
223 $635,654.53 $1,960.48 $0.00 $3,594.08 $641,209.09
224 $641,209.09 $1,960.48 $0.00 $3,625.49 $646,795.06
225 $646,795.06 $1,960.48 $0.00 $3,657.07 $652,412.61
226 $652,412.61 $1,960.48 $0.00 $3,688.84 $658,061.93
227 $658,061.93 $1,960.48 $0.00 $3,720.78 $663,743.19
228 $663,743.19 $1,960.48 $0.00 $3,752.90 $669,456.57
229 $669,456.57 $1,960.48 $239,124.80 $3,785.20 $436,077.45
230 $436,077.45 $1,960.48 $0.00 $2,465.65 $440,503.58
231 $440,503.58 $1,960.48 $0.00 $2,490.67 $444,954.73
232 $444,954.73 $1,960.48 $0.00 $2,515.84 $449,431.05
233 $449,431.05 $1,960.48 $0.00 $2,541.15 $453,932.68
234 $453,932.68 $1,960.48 $0.00 $2,566.60 $458,459.76
235 $458,459.76 $1,960.48 $0.00 $2,592.20 $463,012.44
236 $463,012.44 $1,960.48 $0.00 $2,617.94 $467,590.86
237 $467,590.86 $1,960.48 $0.00 $2,643.83 $472,195.17
238 $472,195.17 $1,960.48 $0.00 $2,669.86 $476,825.51
239 $476,825.51 $1,960.48 $0.00 $2,696.04 $481,482.03
240 $481,482.03 $1,960.48 $0.00 $2,722.37 $486,164.88
241 $486,164.88 $1,960.48 $255,863.54 $2,748.85 $235,010.67
242 $235,010.67 $1,960.48 $0.00 $1,328.78 $238,299.93
243 $238,299.93 $1,960.48 $0.00 $1,347.38 $241,607.79
244 $241,607.79 $1,960.48 $0.00 $1,366.09 $244,934.36
245 $244,934.36 $1,960.48 $0.00 $1,384.89 $248,279.73
246 $248,279.73 $1,960.48 $0.00 $1,403.81 $251,644.02
247 $251,644.02 $1,960.48 $0.00 $1,422.83 $255,027.33
248 $255,027.33 $1,960.48 $0.00 $1,441.96 $258,429.77
249 $258,429.77 $1,960.48 $0.00 $1,461.20 $261,851.45
250 $261,851.45 $1,960.48 $0.00 $1,480.55 $265,292.48
251 $265,292.48 $1,960.48 $0.00 $1,500.00 $268,752.96
252 $268,752.96 $1,960.48 $0.00 $1,519.57 $272,233.01
253 $272,233.01 $0.00 $273,773.98 $1,539.25 -$1.72