Savings Plan and Future Cost Estimation for Macalester College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$198,010
Monthly savings required$1,567

How much will it cost to send your child to Macalester College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $792,038.16 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,567.41 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$76,357.00
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 $1,567.41 $0.00 $0.00 $1,567.41
2 $1,567.41 $1,567.41 $0.00 $8.86 $3,143.68
3 $3,143.68 $1,567.41 $0.00 $17.77 $4,728.86
4 $4,728.86 $1,567.41 $0.00 $26.74 $6,323.01
5 $6,323.01 $1,567.41 $0.00 $35.75 $7,926.17
6 $7,926.17 $1,567.41 $0.00 $44.82 $9,538.40
7 $9,538.40 $1,567.41 $0.00 $53.93 $11,159.74
8 $11,159.74 $1,567.41 $0.00 $63.10 $12,790.25
9 $12,790.25 $1,567.41 $0.00 $72.32 $14,429.98
10 $14,429.98 $1,567.41 $0.00 $81.59 $16,078.98
11 $16,078.98 $1,567.41 $0.00 $90.91 $17,737.30
12 $17,737.30 $1,567.41 $0.00 $100.29 $19,405.00
13 $19,405.00 $1,567.41 $0.00 $109.72 $21,082.13
14 $21,082.13 $1,567.41 $0.00 $119.20 $22,768.74
15 $22,768.74 $1,567.41 $0.00 $128.74 $24,464.89
16 $24,464.89 $1,567.41 $0.00 $138.33 $26,170.63
17 $26,170.63 $1,567.41 $0.00 $147.97 $27,886.01
18 $27,886.01 $1,567.41 $0.00 $157.67 $29,611.09
19 $29,611.09 $1,567.41 $0.00 $167.43 $31,345.93
20 $31,345.93 $1,567.41 $0.00 $177.23 $33,090.57
21 $33,090.57 $1,567.41 $0.00 $187.10 $34,845.08
22 $34,845.08 $1,567.41 $0.00 $197.02 $36,609.51
23 $36,609.51 $1,567.41 $0.00 $207.00 $38,383.92
24 $38,383.92 $1,567.41 $0.00 $217.03 $40,168.36
25 $40,168.36 $1,567.41 $0.00 $227.12 $41,962.89
26 $41,962.89 $1,567.41 $0.00 $237.26 $43,767.56
27 $43,767.56 $1,567.41 $0.00 $247.47 $45,582.44
28 $45,582.44 $1,567.41 $0.00 $257.73 $47,407.58
29 $47,407.58 $1,567.41 $0.00 $268.05 $49,243.04
30 $49,243.04 $1,567.41 $0.00 $278.43 $51,088.88
31 $51,088.88 $1,567.41 $0.00 $288.86 $52,945.15
32 $52,945.15 $1,567.41 $0.00 $299.36 $54,811.92
33 $54,811.92 $1,567.41 $0.00 $309.91 $56,689.24
34 $56,689.24 $1,567.41 $0.00 $320.53 $58,577.18
35 $58,577.18 $1,567.41 $0.00 $331.20 $60,475.79
36 $60,475.79 $1,567.41 $0.00 $341.94 $62,385.14
37 $62,385.14 $1,567.41 $0.00 $352.73 $64,305.28
38 $64,305.28 $1,567.41 $0.00 $363.59 $66,236.28
39 $66,236.28 $1,567.41 $0.00 $374.51 $68,178.20
40 $68,178.20 $1,567.41 $0.00 $385.49 $70,131.10
41 $70,131.10 $1,567.41 $0.00 $396.53 $72,095.04
42 $72,095.04 $1,567.41 $0.00 $407.64 $74,070.09
43 $74,070.09 $1,567.41 $0.00 $418.80 $76,056.30
44 $76,056.30 $1,567.41 $0.00 $430.03 $78,053.74
45 $78,053.74 $1,567.41 $0.00 $441.33 $80,062.48
46 $80,062.48 $1,567.41 $0.00 $452.68 $82,082.57
47 $82,082.57 $1,567.41 $0.00 $464.11 $84,114.09
48 $84,114.09 $1,567.41 $0.00 $475.59 $86,157.09
49 $86,157.09 $1,567.41 $0.00 $487.14 $88,211.64
50 $88,211.64 $1,567.41 $0.00 $498.76 $90,277.81
51 $90,277.81 $1,567.41 $0.00 $510.44 $92,355.66
52 $92,355.66 $1,567.41 $0.00 $522.19 $94,445.26
53 $94,445.26 $1,567.41 $0.00 $534.01 $96,546.68
54 $96,546.68 $1,567.41 $0.00 $545.89 $98,659.98
55 $98,659.98 $1,567.41 $0.00 $557.84 $100,785.23
56 $100,785.23 $1,567.41 $0.00 $569.85 $102,922.49
57 $102,922.49 $1,567.41 $0.00 $581.94 $105,071.84
58 $105,071.84 $1,567.41 $0.00 $594.09 $107,233.34
59 $107,233.34 $1,567.41 $0.00 $606.31 $109,407.06
60 $109,407.06 $1,567.41 $0.00 $618.60 $111,593.07
61 $111,593.07 $1,567.41 $0.00 $630.96 $113,791.44
62 $113,791.44 $1,567.41 $0.00 $643.39 $116,002.24
63 $116,002.24 $1,567.41 $0.00 $655.89 $118,225.54
64 $118,225.54 $1,567.41 $0.00 $668.46 $120,461.41
65 $120,461.41 $1,567.41 $0.00 $681.11 $122,709.93
66 $122,709.93 $1,567.41 $0.00 $693.82 $124,971.16
67 $124,971.16 $1,567.41 $0.00 $706.61 $127,245.18
68 $127,245.18 $1,567.41 $0.00 $719.46 $129,532.05
69 $129,532.05 $1,567.41 $0.00 $732.39 $131,831.85
70 $131,831.85 $1,567.41 $0.00 $745.40 $134,144.66
71 $134,144.66 $1,567.41 $0.00 $758.47 $136,470.54
72 $136,470.54 $1,567.41 $0.00 $771.62 $138,809.57
73 $138,809.57 $1,567.41 $0.00 $784.85 $141,161.83
74 $141,161.83 $1,567.41 $0.00 $798.15 $143,527.39
75 $143,527.39 $1,567.41 $0.00 $811.52 $145,906.32
76 $145,906.32 $1,567.41 $0.00 $824.98 $148,298.71
77 $148,298.71 $1,567.41 $0.00 $838.50 $150,704.62
78 $150,704.62 $1,567.41 $0.00 $852.11 $153,124.14
79 $153,124.14 $1,567.41 $0.00 $865.79 $155,557.34
80 $155,557.34 $1,567.41 $0.00 $879.54 $158,004.29
81 $158,004.29 $1,567.41 $0.00 $893.38 $160,465.08
82 $160,465.08 $1,567.41 $0.00 $907.29 $162,939.78
83 $162,939.78 $1,567.41 $0.00 $921.29 $165,428.48
84 $165,428.48 $1,567.41 $0.00 $935.36 $167,931.25
85 $167,931.25 $1,567.41 $0.00 $949.51 $170,448.17
86 $170,448.17 $1,567.41 $0.00 $963.74 $172,979.32
87 $172,979.32 $1,567.41 $0.00 $978.05 $175,524.78
88 $175,524.78 $1,567.41 $0.00 $992.44 $178,084.63
89 $178,084.63 $1,567.41 $0.00 $1,006.92 $180,658.96
90 $180,658.96 $1,567.41 $0.00 $1,021.47 $183,247.84
91 $183,247.84 $1,567.41 $0.00 $1,036.11 $185,851.36
92 $185,851.36 $1,567.41 $0.00 $1,050.83 $188,469.60
93 $188,469.60 $1,567.41 $0.00 $1,065.63 $191,102.64
94 $191,102.64 $1,567.41 $0.00 $1,080.52 $193,750.57
95 $193,750.57 $1,567.41 $0.00 $1,095.49 $196,413.47
96 $196,413.47 $1,567.41 $0.00 $1,110.55 $199,091.43
97 $199,091.43 $1,567.41 $0.00 $1,125.69 $201,784.53
98 $201,784.53 $1,567.41 $0.00 $1,140.92 $204,492.86
99 $204,492.86 $1,567.41 $0.00 $1,156.23 $207,216.50
100 $207,216.50 $1,567.41 $0.00 $1,171.63 $209,955.54
101 $209,955.54 $1,567.41 $0.00 $1,187.12 $212,710.07
102 $212,710.07 $1,567.41 $0.00 $1,202.69 $215,480.17
103 $215,480.17 $1,567.41 $0.00 $1,218.36 $218,265.94
104 $218,265.94 $1,567.41 $0.00 $1,234.11 $221,067.46
105 $221,067.46 $1,567.41 $0.00 $1,249.95 $223,884.82
106 $223,884.82 $1,567.41 $0.00 $1,265.88 $226,718.11
107 $226,718.11 $1,567.41 $0.00 $1,281.90 $229,567.42
108 $229,567.42 $1,567.41 $0.00 $1,298.01 $232,432.84
109 $232,432.84 $1,567.41 $0.00 $1,314.21 $235,314.46
110 $235,314.46 $1,567.41 $0.00 $1,330.50 $238,212.37
111 $238,212.37 $1,567.41 $0.00 $1,346.89 $241,126.67
112 $241,126.67 $1,567.41 $0.00 $1,363.37 $244,057.45
113 $244,057.45 $1,567.41 $0.00 $1,379.94 $247,004.80
114 $247,004.80 $1,567.41 $0.00 $1,396.60 $249,968.81
115 $249,968.81 $1,567.41 $0.00 $1,413.36 $252,949.58
116 $252,949.58 $1,567.41 $0.00 $1,430.21 $255,947.20
117 $255,947.20 $1,567.41 $0.00 $1,447.16 $258,961.77
118 $258,961.77 $1,567.41 $0.00 $1,464.21 $261,993.39
119 $261,993.39 $1,567.41 $0.00 $1,481.35 $265,042.15
120 $265,042.15 $1,567.41 $0.00 $1,498.59 $268,108.15
121 $268,108.15 $1,567.41 $0.00 $1,515.92 $271,191.48
122 $271,191.48 $1,567.41 $0.00 $1,533.36 $274,292.25
123 $274,292.25 $1,567.41 $0.00 $1,550.89 $277,410.55
124 $277,410.55 $1,567.41 $0.00 $1,568.52 $280,546.48
125 $280,546.48 $1,567.41 $0.00 $1,586.25 $283,700.14
126 $283,700.14 $1,567.41 $0.00 $1,604.08 $286,871.63
127 $286,871.63 $1,567.41 $0.00 $1,622.01 $290,061.05
128 $290,061.05 $1,567.41 $0.00 $1,640.05 $293,268.51
129 $293,268.51 $1,567.41 $0.00 $1,658.18 $296,494.10
130 $296,494.10 $1,567.41 $0.00 $1,676.42 $299,737.93
131 $299,737.93 $1,567.41 $0.00 $1,694.76 $303,000.10
132 $303,000.10 $1,567.41 $0.00 $1,713.21 $306,280.72
133 $306,280.72 $1,567.41 $0.00 $1,731.76 $309,579.89
134 $309,579.89 $1,567.41 $0.00 $1,750.41 $312,897.71
135 $312,897.71 $1,567.41 $0.00 $1,769.17 $316,234.29
136 $316,234.29 $1,567.41 $0.00 $1,788.03 $319,589.73
137 $319,589.73 $1,567.41 $0.00 $1,807.01 $322,964.15
138 $322,964.15 $1,567.41 $0.00 $1,826.09 $326,357.65
139 $326,357.65 $1,567.41 $0.00 $1,845.27 $329,770.33
140 $329,770.33 $1,567.41 $0.00 $1,864.57 $333,202.31
141 $333,202.31 $1,567.41 $0.00 $1,883.97 $336,653.69
142 $336,653.69 $1,567.41 $0.00 $1,903.49 $340,124.59
143 $340,124.59 $1,567.41 $0.00 $1,923.11 $343,615.11
144 $343,615.11 $1,567.41 $0.00 $1,942.85 $347,125.37
145 $347,125.37 $1,567.41 $0.00 $1,962.70 $350,655.48
146 $350,655.48 $1,567.41 $0.00 $1,982.66 $354,205.55
147 $354,205.55 $1,567.41 $0.00 $2,002.73 $357,775.69
148 $357,775.69 $1,567.41 $0.00 $2,022.92 $361,366.02
149 $361,366.02 $1,567.41 $0.00 $2,043.22 $364,976.65
150 $364,976.65 $1,567.41 $0.00 $2,063.63 $368,607.69
151 $368,607.69 $1,567.41 $0.00 $2,084.16 $372,259.26
152 $372,259.26 $1,567.41 $0.00 $2,104.81 $375,931.48
153 $375,931.48 $1,567.41 $0.00 $2,125.57 $379,624.46
154 $379,624.46 $1,567.41 $0.00 $2,146.45 $383,338.32
155 $383,338.32 $1,567.41 $0.00 $2,167.45 $387,073.18
156 $387,073.18 $1,567.41 $0.00 $2,188.57 $390,829.16
157 $390,829.16 $1,567.41 $0.00 $2,209.80 $394,606.37
158 $394,606.37 $1,567.41 $0.00 $2,231.16 $398,404.94
159 $398,404.94 $1,567.41 $0.00 $2,252.64 $402,224.99
160 $402,224.99 $1,567.41 $0.00 $2,274.24 $406,066.64
161 $406,066.64 $1,567.41 $0.00 $2,295.96 $409,930.01
162 $409,930.01 $1,567.41 $0.00 $2,317.80 $413,815.22
163 $413,815.22 $1,567.41 $0.00 $2,339.77 $417,722.40
164 $417,722.40 $1,567.41 $0.00 $2,361.86 $421,651.67
165 $421,651.67 $1,567.41 $0.00 $2,384.08 $425,603.16
166 $425,603.16 $1,567.41 $0.00 $2,406.42 $429,576.99
167 $429,576.99 $1,567.41 $0.00 $2,428.89 $433,573.29
168 $433,573.29 $1,567.41 $0.00 $2,451.49 $437,592.19
169 $437,592.19 $1,567.41 $0.00 $2,474.21 $441,633.81
170 $441,633.81 $1,567.41 $0.00 $2,497.06 $445,698.28
171 $445,698.28 $1,567.41 $0.00 $2,520.04 $449,785.73
172 $449,785.73 $1,567.41 $0.00 $2,543.15 $453,896.29
173 $453,896.29 $1,567.41 $0.00 $2,566.40 $458,030.10
174 $458,030.10 $1,567.41 $0.00 $2,589.77 $462,187.28
175 $462,187.28 $1,567.41 $0.00 $2,613.27 $466,367.96
176 $466,367.96 $1,567.41 $0.00 $2,636.91 $470,572.28
177 $470,572.28 $1,567.41 $0.00 $2,660.68 $474,800.37
178 $474,800.37 $1,567.41 $0.00 $2,684.59 $479,052.37
179 $479,052.37 $1,567.41 $0.00 $2,708.63 $483,328.41
180 $483,328.41 $1,567.41 $0.00 $2,732.81 $487,628.63
181 $487,628.63 $1,567.41 $0.00 $2,757.12 $491,953.16
182 $491,953.16 $1,567.41 $0.00 $2,781.57 $496,302.14
183 $496,302.14 $1,567.41 $0.00 $2,806.16 $500,675.71
184 $500,675.71 $1,567.41 $0.00 $2,830.89 $505,074.01
185 $505,074.01 $1,567.41 $0.00 $2,855.76 $509,497.18
186 $509,497.18 $1,567.41 $0.00 $2,880.77 $513,945.36
187 $513,945.36 $1,567.41 $0.00 $2,905.92 $518,418.69
188 $518,418.69 $1,567.41 $0.00 $2,931.21 $522,917.31
189 $522,917.31 $1,567.41 $0.00 $2,956.65 $527,441.37
190 $527,441.37 $1,567.41 $0.00 $2,982.23 $531,991.01
191 $531,991.01 $1,567.41 $0.00 $3,007.95 $536,566.37
192 $536,566.37 $1,567.41 $0.00 $3,033.82 $541,167.60
193 $541,167.60 $1,567.41 $0.00 $3,059.84 $545,794.85
194 $545,794.85 $1,567.41 $0.00 $3,086.00 $550,448.26
195 $550,448.26 $1,567.41 $0.00 $3,112.31 $555,127.98
196 $555,127.98 $1,567.41 $0.00 $3,138.77 $559,834.16
197 $559,834.16 $1,567.41 $0.00 $3,165.38 $564,566.95
198 $564,566.95 $1,567.41 $0.00 $3,192.14 $569,326.50
199 $569,326.50 $1,567.41 $0.00 $3,219.05 $574,112.96
200 $574,112.96 $1,567.41 $0.00 $3,246.12 $578,926.49
201 $578,926.49 $1,567.41 $0.00 $3,273.33 $583,767.23
202 $583,767.23 $1,567.41 $0.00 $3,300.70 $588,635.34
203 $588,635.34 $1,567.41 $0.00 $3,328.23 $593,530.98
204 $593,530.98 $1,567.41 $0.00 $3,355.91 $598,454.30
205 $598,454.30 $1,567.41 $0.00 $3,383.75 $603,405.46
206 $603,405.46 $1,567.41 $0.00 $3,411.74 $608,384.61
207 $608,384.61 $1,567.41 $0.00 $3,439.90 $613,391.92
208 $613,391.92 $1,567.41 $0.00 $3,468.21 $618,427.54
209 $618,427.54 $1,567.41 $0.00 $3,496.68 $623,491.63
210 $623,491.63 $1,567.41 $0.00 $3,525.31 $628,584.35
211 $628,584.35 $1,567.41 $0.00 $3,554.11 $633,705.87
212 $633,705.87 $1,567.41 $0.00 $3,583.07 $638,856.35
213 $638,856.35 $1,567.41 $0.00 $3,612.19 $644,035.95
214 $644,035.95 $1,567.41 $0.00 $3,641.47 $649,244.83
215 $649,244.83 $1,567.41 $0.00 $3,670.92 $654,483.16
216 $654,483.16 $1,567.41 $0.00 $3,700.54 $659,751.11
217 $659,751.11 $1,567.41 $183,762.22 $3,730.33 $481,286.63
218 $481,286.63 $1,567.41 $0.00 $2,721.26 $485,575.30
219 $485,575.30 $1,567.41 $0.00 $2,745.51 $489,888.22
220 $489,888.22 $1,567.41 $0.00 $2,769.90 $494,225.53
221 $494,225.53 $1,567.41 $0.00 $2,794.42 $498,587.36
222 $498,587.36 $1,567.41 $0.00 $2,819.09 $502,973.86
223 $502,973.86 $1,567.41 $0.00 $2,843.89 $507,385.16
224 $507,385.16 $1,567.41 $0.00 $2,868.83 $511,821.40
225 $511,821.40 $1,567.41 $0.00 $2,893.91 $516,282.72
226 $516,282.72 $1,567.41 $0.00 $2,919.14 $520,769.27
227 $520,769.27 $1,567.41 $0.00 $2,944.51 $525,281.19
228 $525,281.19 $1,567.41 $0.00 $2,970.02 $529,818.62
229 $529,818.62 $1,567.41 $192,950.34 $2,995.67 $341,431.36
230 $341,431.36 $1,567.41 $0.00 $1,930.50 $344,929.27
231 $344,929.27 $1,567.41 $0.00 $1,950.28 $348,446.96
232 $348,446.96 $1,567.41 $0.00 $1,970.17 $351,984.54
233 $351,984.54 $1,567.41 $0.00 $1,990.17 $355,542.12
234 $355,542.12 $1,567.41 $0.00 $2,010.29 $359,119.82
235 $359,119.82 $1,567.41 $0.00 $2,030.52 $362,717.75
236 $362,717.75 $1,567.41 $0.00 $2,050.86 $366,336.02
237 $366,336.02 $1,567.41 $0.00 $2,071.32 $369,974.75
238 $369,974.75 $1,567.41 $0.00 $2,091.89 $373,634.05
239 $373,634.05 $1,567.41 $0.00 $2,112.58 $377,314.04
240 $377,314.04 $1,567.41 $0.00 $2,133.39 $381,014.84
241 $381,014.84 $1,567.41 $202,597.85 $2,154.31 $182,138.71
242 $182,138.71 $1,567.41 $0.00 $1,029.84 $184,735.96
243 $184,735.96 $1,567.41 $0.00 $1,044.52 $187,347.89
244 $187,347.89 $1,567.41 $0.00 $1,059.29 $189,974.59
245 $189,974.59 $1,567.41 $0.00 $1,074.14 $192,616.14
246 $192,616.14 $1,567.41 $0.00 $1,089.08 $195,272.63
247 $195,272.63 $1,567.41 $0.00 $1,104.10 $197,944.14
248 $197,944.14 $1,567.41 $0.00 $1,119.20 $200,630.75
249 $200,630.75 $1,567.41 $0.00 $1,134.40 $203,332.56
250 $203,332.56 $1,567.41 $0.00 $1,149.67 $206,049.64
251 $206,049.64 $1,567.41 $0.00 $1,165.03 $208,782.08
252 $208,782.08 $1,567.41 $0.00 $1,180.48 $211,529.97
253 $211,529.97 $0.00 $212,727.75 $1,196.02 ($1.76)