Savings Plan and Future Cost Estimation for Blue Mountain College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$78,120
Monthly savings required$618

How much will it cost to send your child to Blue Mountain College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $312,481.50 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $618.38 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$30,125.00
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 $618.38 $0.00 $0.00 $618.38
2 $618.38 $618.38 $0.00 $3.50 $1,240.26
3 $1,240.26 $618.38 $0.00 $7.01 $1,865.65
4 $1,865.65 $618.38 $0.00 $10.55 $2,494.58
5 $2,494.58 $618.38 $0.00 $14.10 $3,127.06
6 $3,127.06 $618.38 $0.00 $17.68 $3,763.12
7 $3,763.12 $618.38 $0.00 $21.28 $4,402.78
8 $4,402.78 $618.38 $0.00 $24.89 $5,046.05
9 $5,046.05 $618.38 $0.00 $28.53 $5,692.96
10 $5,692.96 $618.38 $0.00 $32.19 $6,343.53
11 $6,343.53 $618.38 $0.00 $35.87 $6,997.78
12 $6,997.78 $618.38 $0.00 $39.57 $7,655.73
13 $7,655.73 $618.38 $0.00 $43.29 $8,317.40
14 $8,317.40 $618.38 $0.00 $47.03 $8,982.81
15 $8,982.81 $618.38 $0.00 $50.79 $9,651.98
16 $9,651.98 $618.38 $0.00 $54.57 $10,324.93
17 $10,324.93 $618.38 $0.00 $58.38 $11,001.69
18 $11,001.69 $618.38 $0.00 $62.21 $11,682.28
19 $11,682.28 $618.38 $0.00 $66.05 $12,366.71
20 $12,366.71 $618.38 $0.00 $69.92 $13,055.01
21 $13,055.01 $618.38 $0.00 $73.81 $13,747.20
22 $13,747.20 $618.38 $0.00 $77.73 $14,443.31
23 $14,443.31 $618.38 $0.00 $81.66 $15,143.35
24 $15,143.35 $618.38 $0.00 $85.62 $15,847.35
25 $15,847.35 $618.38 $0.00 $89.60 $16,555.33
26 $16,555.33 $618.38 $0.00 $93.61 $17,267.32
27 $17,267.32 $618.38 $0.00 $97.63 $17,983.33
28 $17,983.33 $618.38 $0.00 $101.68 $18,703.39
29 $18,703.39 $618.38 $0.00 $105.75 $19,427.52
30 $19,427.52 $618.38 $0.00 $109.85 $20,155.75
31 $20,155.75 $618.38 $0.00 $113.96 $20,888.09
32 $20,888.09 $618.38 $0.00 $118.10 $21,624.57
33 $21,624.57 $618.38 $0.00 $122.27 $22,365.22
34 $22,365.22 $618.38 $0.00 $126.46 $23,110.06
35 $23,110.06 $618.38 $0.00 $130.67 $23,859.11
36 $23,859.11 $618.38 $0.00 $134.90 $24,612.39
37 $24,612.39 $618.38 $0.00 $139.16 $25,369.93
38 $25,369.93 $618.38 $0.00 $143.45 $26,131.76
39 $26,131.76 $618.38 $0.00 $147.75 $26,897.89
40 $26,897.89 $618.38 $0.00 $152.08 $27,668.35
41 $27,668.35 $618.38 $0.00 $156.44 $28,443.17
42 $28,443.17 $618.38 $0.00 $160.82 $29,222.37
43 $29,222.37 $618.38 $0.00 $165.23 $30,005.98
44 $30,005.98 $618.38 $0.00 $169.66 $30,794.02
45 $30,794.02 $618.38 $0.00 $174.11 $31,586.51
46 $31,586.51 $618.38 $0.00 $178.59 $32,383.48
47 $32,383.48 $618.38 $0.00 $183.10 $33,184.96
48 $33,184.96 $618.38 $0.00 $187.63 $33,990.97
49 $33,990.97 $618.38 $0.00 $192.19 $34,801.54
50 $34,801.54 $618.38 $0.00 $196.77 $35,616.69
51 $35,616.69 $618.38 $0.00 $201.38 $36,436.45
52 $36,436.45 $618.38 $0.00 $206.02 $37,260.85
53 $37,260.85 $618.38 $0.00 $210.68 $38,089.91
54 $38,089.91 $618.38 $0.00 $215.37 $38,923.66
55 $38,923.66 $618.38 $0.00 $220.08 $39,762.12
56 $39,762.12 $618.38 $0.00 $224.82 $40,605.32
57 $40,605.32 $618.38 $0.00 $229.59 $41,453.29
58 $41,453.29 $618.38 $0.00 $234.38 $42,306.05
59 $42,306.05 $618.38 $0.00 $239.20 $43,163.63
60 $43,163.63 $618.38 $0.00 $244.05 $44,026.06
61 $44,026.06 $618.38 $0.00 $248.93 $44,893.37
62 $44,893.37 $618.38 $0.00 $253.83 $45,765.58
63 $45,765.58 $618.38 $0.00 $258.77 $46,642.73
64 $46,642.73 $618.38 $0.00 $263.72 $47,524.83
65 $47,524.83 $618.38 $0.00 $268.71 $48,411.92
66 $48,411.92 $618.38 $0.00 $273.73 $49,304.03
67 $49,304.03 $618.38 $0.00 $278.77 $50,201.18
68 $50,201.18 $618.38 $0.00 $283.84 $51,103.40
69 $51,103.40 $618.38 $0.00 $288.95 $52,010.73
70 $52,010.73 $618.38 $0.00 $294.08 $52,923.19
71 $52,923.19 $618.38 $0.00 $299.24 $53,840.81
72 $53,840.81 $618.38 $0.00 $304.42 $54,763.61
73 $54,763.61 $618.38 $0.00 $309.64 $55,691.63
74 $55,691.63 $618.38 $0.00 $314.89 $56,624.90
75 $56,624.90 $618.38 $0.00 $320.17 $57,563.45
76 $57,563.45 $618.38 $0.00 $325.47 $58,507.30
77 $58,507.30 $618.38 $0.00 $330.81 $59,456.49
78 $59,456.49 $618.38 $0.00 $336.18 $60,411.05
79 $60,411.05 $618.38 $0.00 $341.57 $61,371.00
80 $61,371.00 $618.38 $0.00 $347.00 $62,336.38
81 $62,336.38 $618.38 $0.00 $352.46 $63,307.22
82 $63,307.22 $618.38 $0.00 $357.95 $64,283.55
83 $64,283.55 $618.38 $0.00 $363.47 $65,265.40
84 $65,265.40 $618.38 $0.00 $369.02 $66,252.80
85 $66,252.80 $618.38 $0.00 $374.60 $67,245.78
86 $67,245.78 $618.38 $0.00 $380.22 $68,244.38
87 $68,244.38 $618.38 $0.00 $385.86 $69,248.62
88 $69,248.62 $618.38 $0.00 $391.54 $70,258.54
89 $70,258.54 $618.38 $0.00 $397.25 $71,274.17
90 $71,274.17 $618.38 $0.00 $402.99 $72,295.54
91 $72,295.54 $618.38 $0.00 $408.77 $73,322.69
92 $73,322.69 $618.38 $0.00 $414.58 $74,355.65
93 $74,355.65 $618.38 $0.00 $420.42 $75,394.45
94 $75,394.45 $618.38 $0.00 $426.29 $76,439.12
95 $76,439.12 $618.38 $0.00 $432.20 $77,489.70
96 $77,489.70 $618.38 $0.00 $438.14 $78,546.22
97 $78,546.22 $618.38 $0.00 $444.11 $79,608.71
98 $79,608.71 $618.38 $0.00 $450.12 $80,677.21
99 $80,677.21 $618.38 $0.00 $456.16 $81,751.75
100 $81,751.75 $618.38 $0.00 $462.24 $82,832.37
101 $82,832.37 $618.38 $0.00 $468.35 $83,919.10
102 $83,919.10 $618.38 $0.00 $474.49 $85,011.97
103 $85,011.97 $618.38 $0.00 $480.67 $86,111.02
104 $86,111.02 $618.38 $0.00 $486.88 $87,216.28
105 $87,216.28 $618.38 $0.00 $493.13 $88,327.79
106 $88,327.79 $618.38 $0.00 $499.42 $89,445.59
107 $89,445.59 $618.38 $0.00 $505.74 $90,569.71
108 $90,569.71 $618.38 $0.00 $512.09 $91,700.18
109 $91,700.18 $618.38 $0.00 $518.49 $92,837.05
110 $92,837.05 $618.38 $0.00 $524.91 $93,980.34
111 $93,980.34 $618.38 $0.00 $531.38 $95,130.10
112 $95,130.10 $618.38 $0.00 $537.88 $96,286.36
113 $96,286.36 $618.38 $0.00 $544.42 $97,449.16
114 $97,449.16 $618.38 $0.00 $550.99 $98,618.53
115 $98,618.53 $618.38 $0.00 $557.60 $99,794.51
116 $99,794.51 $618.38 $0.00 $564.25 $100,977.14
117 $100,977.14 $618.38 $0.00 $570.94 $102,166.46
118 $102,166.46 $618.38 $0.00 $577.66 $103,362.50
119 $103,362.50 $618.38 $0.00 $584.43 $104,565.31
120 $104,565.31 $618.38 $0.00 $591.23 $105,774.92
121 $105,774.92 $618.38 $0.00 $598.07 $106,991.37
122 $106,991.37 $618.38 $0.00 $604.94 $108,214.69
123 $108,214.69 $618.38 $0.00 $611.86 $109,444.93
124 $109,444.93 $618.38 $0.00 $618.82 $110,682.13
125 $110,682.13 $618.38 $0.00 $625.81 $111,926.32
126 $111,926.32 $618.38 $0.00 $632.85 $113,177.55
127 $113,177.55 $618.38 $0.00 $639.92 $114,435.85
128 $114,435.85 $618.38 $0.00 $647.04 $115,701.27
129 $115,701.27 $618.38 $0.00 $654.19 $116,973.84
130 $116,973.84 $618.38 $0.00 $661.39 $118,253.61
131 $118,253.61 $618.38 $0.00 $668.62 $119,540.61
132 $119,540.61 $618.38 $0.00 $675.90 $120,834.89
133 $120,834.89 $618.38 $0.00 $683.22 $122,136.49
134 $122,136.49 $618.38 $0.00 $690.58 $123,445.45
135 $123,445.45 $618.38 $0.00 $697.98 $124,761.81
136 $124,761.81 $618.38 $0.00 $705.42 $126,085.61
137 $126,085.61 $618.38 $0.00 $712.91 $127,416.90
138 $127,416.90 $618.38 $0.00 $720.43 $128,755.71
139 $128,755.71 $618.38 $0.00 $728.00 $130,102.09
140 $130,102.09 $618.38 $0.00 $735.62 $131,456.09
141 $131,456.09 $618.38 $0.00 $743.27 $132,817.74
142 $132,817.74 $618.38 $0.00 $750.97 $134,187.09
143 $134,187.09 $618.38 $0.00 $758.71 $135,564.18
144 $135,564.18 $618.38 $0.00 $766.50 $136,949.06
145 $136,949.06 $618.38 $0.00 $774.33 $138,341.77
146 $138,341.77 $618.38 $0.00 $782.20 $139,742.35
147 $139,742.35 $618.38 $0.00 $790.12 $141,150.85
148 $141,150.85 $618.38 $0.00 $798.09 $142,567.32
149 $142,567.32 $618.38 $0.00 $806.10 $143,991.80
150 $143,991.80 $618.38 $0.00 $814.15 $145,424.33
151 $145,424.33 $618.38 $0.00 $822.25 $146,864.96
152 $146,864.96 $618.38 $0.00 $830.40 $148,313.74
153 $148,313.74 $618.38 $0.00 $838.59 $149,770.71
154 $149,770.71 $618.38 $0.00 $846.83 $151,235.92
155 $151,235.92 $618.38 $0.00 $855.11 $152,709.41
156 $152,709.41 $618.38 $0.00 $863.44 $154,191.23
157 $154,191.23 $618.38 $0.00 $871.82 $155,681.43
158 $155,681.43 $618.38 $0.00 $880.25 $157,180.06
159 $157,180.06 $618.38 $0.00 $888.72 $158,687.16
160 $158,687.16 $618.38 $0.00 $897.24 $160,202.78
161 $160,202.78 $618.38 $0.00 $905.81 $161,726.97
162 $161,726.97 $618.38 $0.00 $914.43 $163,259.78
163 $163,259.78 $618.38 $0.00 $923.09 $164,801.25
164 $164,801.25 $618.38 $0.00 $931.81 $166,351.44
165 $166,351.44 $618.38 $0.00 $940.58 $167,910.40
166 $167,910.40 $618.38 $0.00 $949.39 $169,478.17
167 $169,478.17 $618.38 $0.00 $958.25 $171,054.80
168 $171,054.80 $618.38 $0.00 $967.17 $172,640.35
169 $172,640.35 $618.38 $0.00 $976.13 $174,234.86
170 $174,234.86 $618.38 $0.00 $985.15 $175,838.39
171 $175,838.39 $618.38 $0.00 $994.22 $177,450.99
172 $177,450.99 $618.38 $0.00 $1,003.33 $179,072.70
173 $179,072.70 $618.38 $0.00 $1,012.50 $180,703.58
174 $180,703.58 $618.38 $0.00 $1,021.72 $182,343.68
175 $182,343.68 $618.38 $0.00 $1,031.00 $183,993.06
176 $183,993.06 $618.38 $0.00 $1,040.32 $185,651.76
177 $185,651.76 $618.38 $0.00 $1,049.70 $187,319.84
178 $187,319.84 $618.38 $0.00 $1,059.13 $188,997.35
179 $188,997.35 $618.38 $0.00 $1,068.62 $190,684.35
180 $190,684.35 $618.38 $0.00 $1,078.16 $192,380.89
181 $192,380.89 $618.38 $0.00 $1,087.75 $194,087.02
182 $194,087.02 $618.38 $0.00 $1,097.40 $195,802.80
183 $195,802.80 $618.38 $0.00 $1,107.10 $197,528.28
184 $197,528.28 $618.38 $0.00 $1,116.85 $199,263.51
185 $199,263.51 $618.38 $0.00 $1,126.66 $201,008.55
186 $201,008.55 $618.38 $0.00 $1,136.53 $202,763.46
187 $202,763.46 $618.38 $0.00 $1,146.45 $204,528.29
188 $204,528.29 $618.38 $0.00 $1,156.43 $206,303.10
189 $206,303.10 $618.38 $0.00 $1,166.47 $208,087.95
190 $208,087.95 $618.38 $0.00 $1,176.56 $209,882.89
191 $209,882.89 $618.38 $0.00 $1,186.71 $211,687.98
192 $211,687.98 $618.38 $0.00 $1,196.91 $213,503.27
193 $213,503.27 $618.38 $0.00 $1,207.18 $215,328.83
194 $215,328.83 $618.38 $0.00 $1,217.50 $217,164.71
195 $217,164.71 $618.38 $0.00 $1,227.88 $219,010.97
196 $219,010.97 $618.38 $0.00 $1,238.32 $220,867.67
197 $220,867.67 $618.38 $0.00 $1,248.82 $222,734.87
198 $222,734.87 $618.38 $0.00 $1,259.38 $224,612.63
199 $224,612.63 $618.38 $0.00 $1,269.99 $226,501.00
200 $226,501.00 $618.38 $0.00 $1,280.67 $228,400.05
201 $228,400.05 $618.38 $0.00 $1,291.41 $230,309.84
202 $230,309.84 $618.38 $0.00 $1,302.21 $232,230.43
203 $232,230.43 $618.38 $0.00 $1,313.06 $234,161.87
204 $234,161.87 $618.38 $0.00 $1,323.99 $236,104.24
205 $236,104.24 $618.38 $0.00 $1,334.97 $238,057.59
206 $238,057.59 $618.38 $0.00 $1,346.01 $240,021.98
207 $240,021.98 $618.38 $0.00 $1,357.12 $241,997.48
208 $241,997.48 $618.38 $0.00 $1,368.29 $243,984.15
209 $243,984.15 $618.38 $0.00 $1,379.52 $245,982.05
210 $245,982.05 $618.38 $0.00 $1,390.82 $247,991.25
211 $247,991.25 $618.38 $0.00 $1,402.18 $250,011.81
212 $250,011.81 $618.38 $0.00 $1,413.60 $252,043.79
213 $252,043.79 $618.38 $0.00 $1,425.09 $254,087.26
214 $254,087.26 $618.38 $0.00 $1,436.65 $256,142.29
215 $256,142.29 $618.38 $0.00 $1,448.27 $258,208.94
216 $258,208.94 $618.38 $0.00 $1,459.95 $260,287.27
217 $260,287.27 $618.38 $72,499.40 $1,471.70 $189,877.95
218 $189,877.95 $618.38 $0.00 $1,073.60 $191,569.93
219 $191,569.93 $618.38 $0.00 $1,083.16 $193,271.47
220 $193,271.47 $618.38 $0.00 $1,092.78 $194,982.63
221 $194,982.63 $618.38 $0.00 $1,102.46 $196,703.47
222 $196,703.47 $618.38 $0.00 $1,112.19 $198,434.04
223 $198,434.04 $618.38 $0.00 $1,121.97 $200,174.39
224 $200,174.39 $618.38 $0.00 $1,131.82 $201,924.59
225 $201,924.59 $618.38 $0.00 $1,141.71 $203,684.68
226 $203,684.68 $618.38 $0.00 $1,151.66 $205,454.72
227 $205,454.72 $618.38 $0.00 $1,161.67 $207,234.77
228 $207,234.77 $618.38 $0.00 $1,171.74 $209,024.89
229 $209,024.89 $618.38 $76,124.37 $1,181.86 $134,700.76
230 $134,700.76 $618.38 $0.00 $761.62 $136,080.76
231 $136,080.76 $618.38 $0.00 $769.42 $137,468.56
232 $137,468.56 $618.38 $0.00 $777.27 $138,864.21
233 $138,864.21 $618.38 $0.00 $785.16 $140,267.75
234 $140,267.75 $618.38 $0.00 $793.09 $141,679.22
235 $141,679.22 $618.38 $0.00 $801.07 $143,098.67
236 $143,098.67 $618.38 $0.00 $809.10 $144,526.15
237 $144,526.15 $618.38 $0.00 $817.17 $145,961.70
238 $145,961.70 $618.38 $0.00 $825.29 $147,405.37
239 $147,405.37 $618.38 $0.00 $833.45 $148,857.20
240 $148,857.20 $618.38 $0.00 $841.66 $150,317.24
241 $150,317.24 $618.38 $79,930.59 $849.92 $71,854.95
242 $71,854.95 $618.38 $0.00 $406.28 $72,879.61
243 $72,879.61 $618.38 $0.00 $412.07 $73,910.06
244 $73,910.06 $618.38 $0.00 $417.90 $74,946.34
245 $74,946.34 $618.38 $0.00 $423.76 $75,988.48
246 $75,988.48 $618.38 $0.00 $429.65 $77,036.51
247 $77,036.51 $618.38 $0.00 $435.58 $78,090.47
248 $78,090.47 $618.38 $0.00 $441.53 $79,150.38
249 $79,150.38 $618.38 $0.00 $447.53 $80,216.29
250 $80,216.29 $618.38 $0.00 $453.55 $81,288.22
251 $81,288.22 $618.38 $0.00 $459.62 $82,366.22
252 $82,366.22 $618.38 $0.00 $465.71 $83,450.31
253 $83,450.31 $0.00 $83,927.12 $471.84 ($4.97)