How much will it cost and what do you need to save?
Estimated Annual Cost in 2040 | $100,186 |
Monthly savings required | $793 |
How much will it cost to send your child to Columbia College in 18 years and how much do you need to save? A 4 year degree is estimated to be priced at $400,743.90 for students enrolling in 2040 if tuition increases average 5% per year until then. Assuming you have no current college savings, monthly deposits of $793.07 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.
Current Annual Cost | $38,634.00 |
Years until enrollment | 18 |
Annual Tuition Increase | 5% |
Current Savings | $0.00 |
After Tax Return on Savings | 7% |
Years of enrollment | 4 |
Discover how much will you need to start saving now to afford Columbia College in the future.
Month | Begin | Deposit | Withdraw | Interest | End |
---|---|---|---|---|---|
1 | $0.00 | $793.07 | $0.00 | $0.00 | $793.07 |
2 | $793.07 | $793.07 | $0.00 | $4.48 | $1,590.62 |
3 | $1,590.62 | $793.07 | $0.00 | $8.99 | $2,392.68 |
4 | $2,392.68 | $793.07 | $0.00 | $13.53 | $3,199.28 |
5 | $3,199.28 | $793.07 | $0.00 | $18.09 | $4,010.44 |
6 | $4,010.44 | $793.07 | $0.00 | $22.68 | $4,826.19 |
7 | $4,826.19 | $793.07 | $0.00 | $27.29 | $5,646.55 |
8 | $5,646.55 | $793.07 | $0.00 | $31.93 | $6,471.55 |
9 | $6,471.55 | $793.07 | $0.00 | $36.59 | $7,301.21 |
10 | $7,301.21 | $793.07 | $0.00 | $41.28 | $8,135.56 |
11 | $8,135.56 | $793.07 | $0.00 | $46.00 | $8,974.63 |
12 | $8,974.63 | $793.07 | $0.00 | $50.74 | $9,818.44 |
13 | $9,818.44 | $793.07 | $0.00 | $55.51 | $10,667.02 |
14 | $10,667.02 | $793.07 | $0.00 | $60.31 | $11,520.40 |
15 | $11,520.40 | $793.07 | $0.00 | $65.14 | $12,378.61 |
16 | $12,378.61 | $793.07 | $0.00 | $69.99 | $13,241.67 |
17 | $13,241.67 | $793.07 | $0.00 | $74.87 | $14,109.61 |
18 | $14,109.61 | $793.07 | $0.00 | $79.78 | $14,982.46 |
19 | $14,982.46 | $793.07 | $0.00 | $84.71 | $15,860.24 |
20 | $15,860.24 | $793.07 | $0.00 | $89.68 | $16,742.99 |
21 | $16,742.99 | $793.07 | $0.00 | $94.67 | $17,630.73 |
22 | $17,630.73 | $793.07 | $0.00 | $99.69 | $18,523.49 |
23 | $18,523.49 | $793.07 | $0.00 | $104.73 | $19,421.29 |
24 | $19,421.29 | $793.07 | $0.00 | $109.81 | $20,324.17 |
25 | $20,324.17 | $793.07 | $0.00 | $114.92 | $21,232.16 |
26 | $21,232.16 | $793.07 | $0.00 | $120.05 | $22,145.28 |
27 | $22,145.28 | $793.07 | $0.00 | $125.21 | $23,063.56 |
28 | $23,063.56 | $793.07 | $0.00 | $130.40 | $23,987.03 |
29 | $23,987.03 | $793.07 | $0.00 | $135.63 | $24,915.73 |
30 | $24,915.73 | $793.07 | $0.00 | $140.88 | $25,849.68 |
31 | $25,849.68 | $793.07 | $0.00 | $146.16 | $26,788.91 |
32 | $26,788.91 | $793.07 | $0.00 | $151.47 | $27,733.45 |
33 | $27,733.45 | $793.07 | $0.00 | $156.81 | $28,683.33 |
34 | $28,683.33 | $793.07 | $0.00 | $162.18 | $29,638.58 |
35 | $29,638.58 | $793.07 | $0.00 | $167.58 | $30,599.23 |
36 | $30,599.23 | $793.07 | $0.00 | $173.01 | $31,565.31 |
37 | $31,565.31 | $793.07 | $0.00 | $178.47 | $32,536.85 |
38 | $32,536.85 | $793.07 | $0.00 | $183.97 | $33,513.89 |
39 | $33,513.89 | $793.07 | $0.00 | $189.49 | $34,496.45 |
40 | $34,496.45 | $793.07 | $0.00 | $195.05 | $35,484.57 |
41 | $35,484.57 | $793.07 | $0.00 | $200.63 | $36,478.27 |
42 | $36,478.27 | $793.07 | $0.00 | $206.25 | $37,477.59 |
43 | $37,477.59 | $793.07 | $0.00 | $211.90 | $38,482.56 |
44 | $38,482.56 | $793.07 | $0.00 | $217.59 | $39,493.22 |
45 | $39,493.22 | $793.07 | $0.00 | $223.30 | $40,509.59 |
46 | $40,509.59 | $793.07 | $0.00 | $229.05 | $41,531.71 |
47 | $41,531.71 | $793.07 | $0.00 | $234.83 | $42,559.61 |
48 | $42,559.61 | $793.07 | $0.00 | $240.64 | $43,593.32 |
49 | $43,593.32 | $793.07 | $0.00 | $246.48 | $44,632.87 |
50 | $44,632.87 | $793.07 | $0.00 | $252.36 | $45,678.30 |
51 | $45,678.30 | $793.07 | $0.00 | $258.27 | $46,729.64 |
52 | $46,729.64 | $793.07 | $0.00 | $264.22 | $47,786.93 |
53 | $47,786.93 | $793.07 | $0.00 | $270.19 | $48,850.19 |
54 | $48,850.19 | $793.07 | $0.00 | $276.21 | $49,919.47 |
55 | $49,919.47 | $793.07 | $0.00 | $282.25 | $50,994.79 |
56 | $50,994.79 | $793.07 | $0.00 | $288.33 | $52,076.19 |
57 | $52,076.19 | $793.07 | $0.00 | $294.45 | $53,163.71 |
58 | $53,163.71 | $793.07 | $0.00 | $300.60 | $54,257.38 |
59 | $54,257.38 | $793.07 | $0.00 | $306.78 | $55,357.23 |
60 | $55,357.23 | $793.07 | $0.00 | $313.00 | $56,463.30 |
61 | $56,463.30 | $793.07 | $0.00 | $319.25 | $57,575.62 |
62 | $57,575.62 | $793.07 | $0.00 | $325.54 | $58,694.23 |
63 | $58,694.23 | $793.07 | $0.00 | $331.87 | $59,819.17 |
64 | $59,819.17 | $793.07 | $0.00 | $338.23 | $60,950.47 |
65 | $60,950.47 | $793.07 | $0.00 | $344.62 | $62,088.16 |
66 | $62,088.16 | $793.07 | $0.00 | $351.06 | $63,232.29 |
67 | $63,232.29 | $793.07 | $0.00 | $357.52 | $64,382.88 |
68 | $64,382.88 | $793.07 | $0.00 | $364.03 | $65,539.98 |
69 | $65,539.98 | $793.07 | $0.00 | $370.57 | $66,703.62 |
70 | $66,703.62 | $793.07 | $0.00 | $377.15 | $67,873.84 |
71 | $67,873.84 | $793.07 | $0.00 | $383.77 | $69,050.68 |
72 | $69,050.68 | $793.07 | $0.00 | $390.42 | $70,234.17 |
73 | $70,234.17 | $793.07 | $0.00 | $397.11 | $71,424.35 |
74 | $71,424.35 | $793.07 | $0.00 | $403.84 | $72,621.26 |
75 | $72,621.26 | $793.07 | $0.00 | $410.61 | $73,824.94 |
76 | $73,824.94 | $793.07 | $0.00 | $417.42 | $75,035.43 |
77 | $75,035.43 | $793.07 | $0.00 | $424.26 | $76,252.76 |
78 | $76,252.76 | $793.07 | $0.00 | $431.14 | $77,476.97 |
79 | $77,476.97 | $793.07 | $0.00 | $438.07 | $78,708.11 |
80 | $78,708.11 | $793.07 | $0.00 | $445.03 | $79,946.21 |
81 | $79,946.21 | $793.07 | $0.00 | $452.03 | $81,191.31 |
82 | $81,191.31 | $793.07 | $0.00 | $459.07 | $82,443.45 |
83 | $82,443.45 | $793.07 | $0.00 | $466.15 | $83,702.67 |
84 | $83,702.67 | $793.07 | $0.00 | $473.27 | $84,969.01 |
85 | $84,969.01 | $793.07 | $0.00 | $480.43 | $86,242.51 |
86 | $86,242.51 | $793.07 | $0.00 | $487.63 | $87,523.21 |
87 | $87,523.21 | $793.07 | $0.00 | $494.87 | $88,811.15 |
88 | $88,811.15 | $793.07 | $0.00 | $502.15 | $90,106.37 |
89 | $90,106.37 | $793.07 | $0.00 | $509.47 | $91,408.91 |
90 | $91,408.91 | $793.07 | $0.00 | $516.84 | $92,718.82 |
91 | $92,718.82 | $793.07 | $0.00 | $524.25 | $94,036.14 |
92 | $94,036.14 | $793.07 | $0.00 | $531.69 | $95,360.90 |
93 | $95,360.90 | $793.07 | $0.00 | $539.18 | $96,693.15 |
94 | $96,693.15 | $793.07 | $0.00 | $546.72 | $98,032.94 |
95 | $98,032.94 | $793.07 | $0.00 | $554.29 | $99,380.30 |
96 | $99,380.30 | $793.07 | $0.00 | $561.91 | $100,735.28 |
97 | $100,735.28 | $793.07 | $0.00 | $569.57 | $102,097.92 |
98 | $102,097.92 | $793.07 | $0.00 | $577.28 | $103,468.27 |
99 | $103,468.27 | $793.07 | $0.00 | $585.02 | $104,846.36 |
100 | $104,846.36 | $793.07 | $0.00 | $592.82 | $106,232.25 |
101 | $106,232.25 | $793.07 | $0.00 | $600.65 | $107,625.97 |
102 | $107,625.97 | $793.07 | $0.00 | $608.53 | $109,027.57 |
103 | $109,027.57 | $793.07 | $0.00 | $616.46 | $110,437.10 |
104 | $110,437.10 | $793.07 | $0.00 | $624.43 | $111,854.60 |
105 | $111,854.60 | $793.07 | $0.00 | $632.44 | $113,280.11 |
106 | $113,280.11 | $793.07 | $0.00 | $640.50 | $114,713.68 |
107 | $114,713.68 | $793.07 | $0.00 | $648.61 | $116,155.36 |
108 | $116,155.36 | $793.07 | $0.00 | $656.76 | $117,605.19 |
109 | $117,605.19 | $793.07 | $0.00 | $664.96 | $119,063.22 |
110 | $119,063.22 | $793.07 | $0.00 | $673.20 | $120,529.49 |
111 | $120,529.49 | $793.07 | $0.00 | $681.49 | $122,004.05 |
112 | $122,004.05 | $793.07 | $0.00 | $689.83 | $123,486.95 |
113 | $123,486.95 | $793.07 | $0.00 | $698.21 | $124,978.23 |
114 | $124,978.23 | $793.07 | $0.00 | $706.65 | $126,477.95 |
115 | $126,477.95 | $793.07 | $0.00 | $715.12 | $127,986.14 |
116 | $127,986.14 | $793.07 | $0.00 | $723.65 | $129,502.86 |
117 | $129,502.86 | $793.07 | $0.00 | $732.23 | $131,028.16 |
118 | $131,028.16 | $793.07 | $0.00 | $740.85 | $132,562.08 |
119 | $132,562.08 | $793.07 | $0.00 | $749.53 | $134,104.68 |
120 | $134,104.68 | $793.07 | $0.00 | $758.25 | $135,656.00 |
121 | $135,656.00 | $793.07 | $0.00 | $767.02 | $137,216.09 |
122 | $137,216.09 | $793.07 | $0.00 | $775.84 | $138,785.00 |
123 | $138,785.00 | $793.07 | $0.00 | $784.71 | $140,362.78 |
124 | $140,362.78 | $793.07 | $0.00 | $793.63 | $141,949.48 |
125 | $141,949.48 | $793.07 | $0.00 | $802.60 | $143,545.15 |
126 | $143,545.15 | $793.07 | $0.00 | $811.63 | $145,149.85 |
127 | $145,149.85 | $793.07 | $0.00 | $820.70 | $146,763.62 |
128 | $146,763.62 | $793.07 | $0.00 | $829.82 | $148,386.51 |
129 | $148,386.51 | $793.07 | $0.00 | $839.00 | $150,018.58 |
130 | $150,018.58 | $793.07 | $0.00 | $848.23 | $151,659.88 |
131 | $151,659.88 | $793.07 | $0.00 | $857.51 | $153,310.46 |
132 | $153,310.46 | $793.07 | $0.00 | $866.84 | $154,970.37 |
133 | $154,970.37 | $793.07 | $0.00 | $876.23 | $156,639.67 |
134 | $156,639.67 | $793.07 | $0.00 | $885.66 | $158,318.40 |
135 | $158,318.40 | $793.07 | $0.00 | $895.16 | $160,006.63 |
136 | $160,006.63 | $793.07 | $0.00 | $904.70 | $161,704.40 |
137 | $161,704.40 | $793.07 | $0.00 | $914.30 | $163,411.77 |
138 | $163,411.77 | $793.07 | $0.00 | $923.95 | $165,128.79 |
139 | $165,128.79 | $793.07 | $0.00 | $933.66 | $166,855.52 |
140 | $166,855.52 | $793.07 | $0.00 | $943.43 | $168,592.02 |
141 | $168,592.02 | $793.07 | $0.00 | $953.24 | $170,338.33 |
142 | $170,338.33 | $793.07 | $0.00 | $963.12 | $172,094.52 |
143 | $172,094.52 | $793.07 | $0.00 | $973.05 | $173,860.64 |
144 | $173,860.64 | $793.07 | $0.00 | $983.03 | $175,636.74 |
145 | $175,636.74 | $793.07 | $0.00 | $993.08 | $177,422.89 |
146 | $177,422.89 | $793.07 | $0.00 | $1,003.17 | $179,219.13 |
147 | $179,219.13 | $793.07 | $0.00 | $1,013.33 | $181,025.53 |
148 | $181,025.53 | $793.07 | $0.00 | $1,023.54 | $182,842.14 |
149 | $182,842.14 | $793.07 | $0.00 | $1,033.82 | $184,669.03 |
150 | $184,669.03 | $793.07 | $0.00 | $1,044.15 | $186,506.25 |
151 | $186,506.25 | $793.07 | $0.00 | $1,054.53 | $188,353.85 |
152 | $188,353.85 | $793.07 | $0.00 | $1,064.98 | $190,211.90 |
153 | $190,211.90 | $793.07 | $0.00 | $1,075.49 | $192,080.46 |
154 | $192,080.46 | $793.07 | $0.00 | $1,086.05 | $193,959.58 |
155 | $193,959.58 | $793.07 | $0.00 | $1,096.68 | $195,849.33 |
156 | $195,849.33 | $793.07 | $0.00 | $1,107.36 | $197,749.76 |
157 | $197,749.76 | $793.07 | $0.00 | $1,118.11 | $199,660.94 |
158 | $199,660.94 | $793.07 | $0.00 | $1,128.91 | $201,582.92 |
159 | $201,582.92 | $793.07 | $0.00 | $1,139.78 | $203,515.77 |
160 | $203,515.77 | $793.07 | $0.00 | $1,150.71 | $205,459.55 |
161 | $205,459.55 | $793.07 | $0.00 | $1,161.70 | $207,414.32 |
162 | $207,414.32 | $793.07 | $0.00 | $1,172.75 | $209,380.14 |
163 | $209,380.14 | $793.07 | $0.00 | $1,183.87 | $211,357.08 |
164 | $211,357.08 | $793.07 | $0.00 | $1,195.04 | $213,345.19 |
165 | $213,345.19 | $793.07 | $0.00 | $1,206.28 | $215,344.54 |
166 | $215,344.54 | $793.07 | $0.00 | $1,217.59 | $217,355.20 |
167 | $217,355.20 | $793.07 | $0.00 | $1,228.96 | $219,377.23 |
168 | $219,377.23 | $793.07 | $0.00 | $1,240.39 | $221,410.69 |
169 | $221,410.69 | $793.07 | $0.00 | $1,251.89 | $223,455.65 |
170 | $223,455.65 | $793.07 | $0.00 | $1,263.45 | $225,512.17 |
171 | $225,512.17 | $793.07 | $0.00 | $1,275.08 | $227,580.32 |
172 | $227,580.32 | $793.07 | $0.00 | $1,286.77 | $229,660.16 |
173 | $229,660.16 | $793.07 | $0.00 | $1,298.53 | $231,751.76 |
174 | $231,751.76 | $793.07 | $0.00 | $1,310.36 | $233,855.19 |
175 | $233,855.19 | $793.07 | $0.00 | $1,322.25 | $235,970.51 |
176 | $235,970.51 | $793.07 | $0.00 | $1,334.21 | $238,097.79 |
177 | $238,097.79 | $793.07 | $0.00 | $1,346.24 | $240,237.10 |
178 | $240,237.10 | $793.07 | $0.00 | $1,358.34 | $242,388.51 |
179 | $242,388.51 | $793.07 | $0.00 | $1,370.50 | $244,552.08 |
180 | $244,552.08 | $793.07 | $0.00 | $1,382.73 | $246,727.88 |
181 | $246,727.88 | $793.07 | $0.00 | $1,395.04 | $248,915.99 |
182 | $248,915.99 | $793.07 | $0.00 | $1,407.41 | $251,116.47 |
183 | $251,116.47 | $793.07 | $0.00 | $1,419.85 | $253,329.39 |
184 | $253,329.39 | $793.07 | $0.00 | $1,432.36 | $255,554.82 |
185 | $255,554.82 | $793.07 | $0.00 | $1,444.94 | $257,792.83 |
186 | $257,792.83 | $793.07 | $0.00 | $1,457.60 | $260,043.50 |
187 | $260,043.50 | $793.07 | $0.00 | $1,470.32 | $262,306.89 |
188 | $262,306.89 | $793.07 | $0.00 | $1,483.12 | $264,583.08 |
189 | $264,583.08 | $793.07 | $0.00 | $1,495.99 | $266,872.14 |
190 | $266,872.14 | $793.07 | $0.00 | $1,508.93 | $269,174.14 |
191 | $269,174.14 | $793.07 | $0.00 | $1,521.95 | $271,489.16 |
192 | $271,489.16 | $793.07 | $0.00 | $1,535.04 | $273,817.27 |
193 | $273,817.27 | $793.07 | $0.00 | $1,548.20 | $276,158.54 |
194 | $276,158.54 | $793.07 | $0.00 | $1,561.44 | $278,513.05 |
195 | $278,513.05 | $793.07 | $0.00 | $1,574.75 | $280,880.87 |
196 | $280,880.87 | $793.07 | $0.00 | $1,588.14 | $283,262.08 |
197 | $283,262.08 | $793.07 | $0.00 | $1,601.60 | $285,656.75 |
198 | $285,656.75 | $793.07 | $0.00 | $1,615.14 | $288,064.96 |
199 | $288,064.96 | $793.07 | $0.00 | $1,628.76 | $290,486.79 |
200 | $290,486.79 | $793.07 | $0.00 | $1,642.45 | $292,922.31 |
201 | $292,922.31 | $793.07 | $0.00 | $1,656.23 | $295,371.61 |
202 | $295,371.61 | $793.07 | $0.00 | $1,670.07 | $297,834.75 |
203 | $297,834.75 | $793.07 | $0.00 | $1,684.00 | $300,311.82 |
204 | $300,311.82 | $793.07 | $0.00 | $1,698.01 | $302,802.90 |
205 | $302,802.90 | $793.07 | $0.00 | $1,712.09 | $305,308.06 |
206 | $305,308.06 | $793.07 | $0.00 | $1,726.26 | $307,827.39 |
207 | $307,827.39 | $793.07 | $0.00 | $1,740.50 | $310,360.96 |
208 | $310,360.96 | $793.07 | $0.00 | $1,754.83 | $312,908.86 |
209 | $312,908.86 | $793.07 | $0.00 | $1,769.23 | $315,471.16 |
210 | $315,471.16 | $793.07 | $0.00 | $1,783.72 | $318,047.95 |
211 | $318,047.95 | $793.07 | $0.00 | $1,798.29 | $320,639.31 |
212 | $320,639.31 | $793.07 | $0.00 | $1,812.94 | $323,245.32 |
213 | $323,245.32 | $793.07 | $0.00 | $1,827.68 | $325,866.07 |
214 | $325,866.07 | $793.07 | $0.00 | $1,842.49 | $328,501.63 |
215 | $328,501.63 | $793.07 | $0.00 | $1,857.40 | $331,152.10 |
216 | $331,152.10 | $793.07 | $0.00 | $1,872.38 | $333,817.55 |
217 | $333,817.55 | $793.07 | $92,977.33 | $1,887.45 | $243,520.74 |
218 | $243,520.74 | $793.07 | $0.00 | $1,376.90 | $245,690.71 |
219 | $245,690.71 | $793.07 | $0.00 | $1,389.17 | $247,872.95 |
220 | $247,872.95 | $793.07 | $0.00 | $1,401.51 | $250,067.53 |
221 | $250,067.53 | $793.07 | $0.00 | $1,413.92 | $252,274.52 |
222 | $252,274.52 | $793.07 | $0.00 | $1,426.40 | $254,493.99 |
223 | $254,493.99 | $793.07 | $0.00 | $1,438.95 | $256,726.01 |
224 | $256,726.01 | $793.07 | $0.00 | $1,451.57 | $258,970.65 |
225 | $258,970.65 | $793.07 | $0.00 | $1,464.26 | $261,227.98 |
226 | $261,227.98 | $793.07 | $0.00 | $1,477.02 | $263,498.07 |
227 | $263,498.07 | $793.07 | $0.00 | $1,489.86 | $265,781.00 |
228 | $265,781.00 | $793.07 | $0.00 | $1,502.76 | $268,076.83 |
229 | $268,076.83 | $793.07 | $97,626.19 | $1,515.75 | $172,759.46 |
230 | $172,759.46 | $793.07 | $0.00 | $976.81 | $174,529.34 |
231 | $174,529.34 | $793.07 | $0.00 | $986.81 | $176,309.22 |
232 | $176,309.22 | $793.07 | $0.00 | $996.88 | $178,099.17 |
233 | $178,099.17 | $793.07 | $0.00 | $1,007.00 | $179,899.24 |
234 | $179,899.24 | $793.07 | $0.00 | $1,017.18 | $181,709.49 |
235 | $181,709.49 | $793.07 | $0.00 | $1,027.41 | $183,529.97 |
236 | $183,529.97 | $793.07 | $0.00 | $1,037.71 | $185,360.75 |
237 | $185,360.75 | $793.07 | $0.00 | $1,048.06 | $187,201.88 |
238 | $187,201.88 | $793.07 | $0.00 | $1,058.47 | $189,053.42 |
239 | $189,053.42 | $793.07 | $0.00 | $1,068.94 | $190,915.43 |
240 | $190,915.43 | $793.07 | $0.00 | $1,079.46 | $192,787.96 |
241 | $192,787.96 | $793.07 | $102,507.50 | $1,090.05 | $92,163.58 |
242 | $92,163.58 | $793.07 | $0.00 | $521.11 | $93,477.76 |
243 | $93,477.76 | $793.07 | $0.00 | $528.54 | $94,799.37 |
244 | $94,799.37 | $793.07 | $0.00 | $536.01 | $96,128.45 |
245 | $96,128.45 | $793.07 | $0.00 | $543.52 | $97,465.04 |
246 | $97,465.04 | $793.07 | $0.00 | $551.08 | $98,809.19 |
247 | $98,809.19 | $793.07 | $0.00 | $558.68 | $100,160.94 |
248 | $100,160.94 | $793.07 | $0.00 | $566.32 | $101,520.33 |
249 | $101,520.33 | $793.07 | $0.00 | $574.01 | $102,887.41 |
250 | $102,887.41 | $793.07 | $0.00 | $581.74 | $104,262.22 |
251 | $104,262.22 | $793.07 | $0.00 | $589.51 | $105,644.80 |
252 | $105,644.80 | $793.07 | $0.00 | $597.33 | $107,035.20 |
253 | $107,035.20 | $0.00 | $107,632.88 | $605.19 | $7.51 |