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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$94,268
Monthly savings required$746

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 $377,073.11 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $746.22 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$36,352.00
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 $746.22 $0.00 $0.00 $746.22
2 $746.22 $746.22 $0.00 $4.22 $1,496.66
3 $1,496.66 $746.22 $0.00 $8.46 $2,251.34
4 $2,251.34 $746.22 $0.00 $12.73 $3,010.29
5 $3,010.29 $746.22 $0.00 $17.02 $3,773.53
6 $3,773.53 $746.22 $0.00 $21.34 $4,541.09
7 $4,541.09 $746.22 $0.00 $25.68 $5,312.99
8 $5,312.99 $746.22 $0.00 $30.04 $6,089.25
9 $6,089.25 $746.22 $0.00 $34.43 $6,869.90
10 $6,869.90 $746.22 $0.00 $38.84 $7,654.96
11 $7,654.96 $746.22 $0.00 $43.28 $8,444.46
12 $8,444.46 $746.22 $0.00 $47.75 $9,238.43
13 $9,238.43 $746.22 $0.00 $52.24 $10,036.89
14 $10,036.89 $746.22 $0.00 $56.75 $10,839.86
15 $10,839.86 $746.22 $0.00 $61.29 $11,647.37
16 $11,647.37 $746.22 $0.00 $65.86 $12,459.45
17 $12,459.45 $746.22 $0.00 $70.45 $13,276.12
18 $13,276.12 $746.22 $0.00 $75.07 $14,097.41
19 $14,097.41 $746.22 $0.00 $79.71 $14,923.34
20 $14,923.34 $746.22 $0.00 $84.38 $15,753.94
21 $15,753.94 $746.22 $0.00 $89.08 $16,589.24
22 $16,589.24 $746.22 $0.00 $93.80 $17,429.26
23 $17,429.26 $746.22 $0.00 $98.55 $18,274.03
24 $18,274.03 $746.22 $0.00 $103.32 $19,123.57
25 $19,123.57 $746.22 $0.00 $108.13 $19,977.92
26 $19,977.92 $746.22 $0.00 $112.96 $20,837.10
27 $20,837.10 $746.22 $0.00 $117.82 $21,701.14
28 $21,701.14 $746.22 $0.00 $122.70 $22,570.06
29 $22,570.06 $746.22 $0.00 $127.61 $23,443.89
30 $23,443.89 $746.22 $0.00 $132.56 $24,322.67
31 $24,322.67 $746.22 $0.00 $137.52 $25,206.41
32 $25,206.41 $746.22 $0.00 $142.52 $26,095.15
33 $26,095.15 $746.22 $0.00 $147.55 $26,988.92
34 $26,988.92 $746.22 $0.00 $152.60 $27,887.74
35 $27,887.74 $746.22 $0.00 $157.68 $28,791.64
36 $28,791.64 $746.22 $0.00 $162.79 $29,700.65
37 $29,700.65 $746.22 $0.00 $167.93 $30,614.80
38 $30,614.80 $746.22 $0.00 $173.10 $31,534.12
39 $31,534.12 $746.22 $0.00 $178.30 $32,458.64
40 $32,458.64 $746.22 $0.00 $183.53 $33,388.39
41 $33,388.39 $746.22 $0.00 $188.78 $34,323.39
42 $34,323.39 $746.22 $0.00 $194.07 $35,263.68
43 $35,263.68 $746.22 $0.00 $199.39 $36,209.29
44 $36,209.29 $746.22 $0.00 $204.73 $37,160.24
45 $37,160.24 $746.22 $0.00 $210.11 $38,116.57
46 $38,116.57 $746.22 $0.00 $215.52 $39,078.31
47 $39,078.31 $746.22 $0.00 $220.95 $40,045.48
48 $40,045.48 $746.22 $0.00 $226.42 $41,018.12
49 $41,018.12 $746.22 $0.00 $231.92 $41,996.26
50 $41,996.26 $746.22 $0.00 $237.45 $42,979.93
51 $42,979.93 $746.22 $0.00 $243.01 $43,969.16
52 $43,969.16 $746.22 $0.00 $248.61 $44,963.99
53 $44,963.99 $746.22 $0.00 $254.23 $45,964.44
54 $45,964.44 $746.22 $0.00 $259.89 $46,970.55
55 $46,970.55 $746.22 $0.00 $265.58 $47,982.35
56 $47,982.35 $746.22 $0.00 $271.30 $48,999.87
57 $48,999.87 $746.22 $0.00 $277.05 $50,023.14
58 $50,023.14 $746.22 $0.00 $282.84 $51,052.20
59 $51,052.20 $746.22 $0.00 $288.66 $52,087.08
60 $52,087.08 $746.22 $0.00 $294.51 $53,127.81
61 $53,127.81 $746.22 $0.00 $300.39 $54,174.42
62 $54,174.42 $746.22 $0.00 $306.31 $55,226.95
63 $55,226.95 $746.22 $0.00 $312.26 $56,285.43
64 $56,285.43 $746.22 $0.00 $318.25 $57,349.90
65 $57,349.90 $746.22 $0.00 $324.26 $58,420.38
66 $58,420.38 $746.22 $0.00 $330.32 $59,496.92
67 $59,496.92 $746.22 $0.00 $336.40 $60,579.54
68 $60,579.54 $746.22 $0.00 $342.53 $61,668.29
69 $61,668.29 $746.22 $0.00 $348.68 $62,763.19
70 $62,763.19 $746.22 $0.00 $354.87 $63,864.28
71 $63,864.28 $746.22 $0.00 $361.10 $64,971.60
72 $64,971.60 $746.22 $0.00 $367.36 $66,085.18
73 $66,085.18 $746.22 $0.00 $373.66 $67,205.06
74 $67,205.06 $746.22 $0.00 $379.99 $68,331.27
75 $68,331.27 $746.22 $0.00 $386.35 $69,463.84
76 $69,463.84 $746.22 $0.00 $392.76 $70,602.82
77 $70,602.82 $746.22 $0.00 $399.20 $71,748.24
78 $71,748.24 $746.22 $0.00 $405.67 $72,900.13
79 $72,900.13 $746.22 $0.00 $412.19 $74,058.54
80 $74,058.54 $746.22 $0.00 $418.74 $75,223.50
81 $75,223.50 $746.22 $0.00 $425.32 $76,395.04
82 $76,395.04 $746.22 $0.00 $431.95 $77,573.21
83 $77,573.21 $746.22 $0.00 $438.61 $78,758.04
84 $78,758.04 $746.22 $0.00 $445.31 $79,949.57
85 $79,949.57 $746.22 $0.00 $452.05 $81,147.84
86 $81,147.84 $746.22 $0.00 $458.82 $82,352.88
87 $82,352.88 $746.22 $0.00 $465.64 $83,564.74
88 $83,564.74 $746.22 $0.00 $472.49 $84,783.45
89 $84,783.45 $746.22 $0.00 $479.38 $86,009.05
90 $86,009.05 $746.22 $0.00 $486.31 $87,241.58
91 $87,241.58 $746.22 $0.00 $493.28 $88,481.08
92 $88,481.08 $746.22 $0.00 $500.28 $89,727.58
93 $89,727.58 $746.22 $0.00 $507.33 $90,981.13
94 $90,981.13 $746.22 $0.00 $514.42 $92,241.77
95 $92,241.77 $746.22 $0.00 $521.55 $93,509.54
96 $93,509.54 $746.22 $0.00 $528.72 $94,784.48
97 $94,784.48 $746.22 $0.00 $535.93 $96,066.63
98 $96,066.63 $746.22 $0.00 $543.17 $97,356.02
99 $97,356.02 $746.22 $0.00 $550.47 $98,652.71
100 $98,652.71 $746.22 $0.00 $557.80 $99,956.73
101 $99,956.73 $746.22 $0.00 $565.17 $101,268.12
102 $101,268.12 $746.22 $0.00 $572.58 $102,586.92
103 $102,586.92 $746.22 $0.00 $580.04 $103,913.18
104 $103,913.18 $746.22 $0.00 $587.54 $105,246.94
105 $105,246.94 $746.22 $0.00 $595.08 $106,588.24
106 $106,588.24 $746.22 $0.00 $602.67 $107,937.13
107 $107,937.13 $746.22 $0.00 $610.29 $109,293.64
108 $109,293.64 $746.22 $0.00 $617.96 $110,657.82
109 $110,657.82 $746.22 $0.00 $625.68 $112,029.72
110 $112,029.72 $746.22 $0.00 $633.43 $113,409.37
111 $113,409.37 $746.22 $0.00 $641.23 $114,796.82
112 $114,796.82 $746.22 $0.00 $649.08 $116,192.12
113 $116,192.12 $746.22 $0.00 $656.97 $117,595.31
114 $117,595.31 $746.22 $0.00 $664.90 $119,006.43
115 $119,006.43 $746.22 $0.00 $672.88 $120,425.53
116 $120,425.53 $746.22 $0.00 $680.90 $121,852.65
117 $121,852.65 $746.22 $0.00 $688.97 $123,287.84
118 $123,287.84 $746.22 $0.00 $697.09 $124,731.15
119 $124,731.15 $746.22 $0.00 $705.25 $126,182.62
120 $126,182.62 $746.22 $0.00 $713.45 $127,642.29
121 $127,642.29 $746.22 $0.00 $721.71 $129,110.22
122 $129,110.22 $746.22 $0.00 $730.01 $130,586.45
123 $130,586.45 $746.22 $0.00 $738.35 $132,071.02
124 $132,071.02 $746.22 $0.00 $746.75 $133,563.99
125 $133,563.99 $746.22 $0.00 $755.19 $135,065.40
126 $135,065.40 $746.22 $0.00 $763.68 $136,575.30
127 $136,575.30 $746.22 $0.00 $772.22 $138,093.74
128 $138,093.74 $746.22 $0.00 $780.80 $139,620.76
129 $139,620.76 $746.22 $0.00 $789.44 $141,156.42
130 $141,156.42 $746.22 $0.00 $798.12 $142,700.76
131 $142,700.76 $746.22 $0.00 $806.85 $144,253.83
132 $144,253.83 $746.22 $0.00 $815.63 $145,815.68
133 $145,815.68 $746.22 $0.00 $824.46 $147,386.36
134 $147,386.36 $746.22 $0.00 $833.34 $148,965.92
135 $148,965.92 $746.22 $0.00 $842.27 $150,554.41
136 $150,554.41 $746.22 $0.00 $851.26 $152,151.89
137 $152,151.89 $746.22 $0.00 $860.29 $153,758.40
138 $153,758.40 $746.22 $0.00 $869.37 $155,373.99
139 $155,373.99 $746.22 $0.00 $878.51 $156,998.72
140 $156,998.72 $746.22 $0.00 $887.69 $158,632.63
141 $158,632.63 $746.22 $0.00 $896.93 $160,275.78
142 $160,275.78 $746.22 $0.00 $906.22 $161,928.22
143 $161,928.22 $746.22 $0.00 $915.57 $163,590.01
144 $163,590.01 $746.22 $0.00 $924.96 $165,261.19
145 $165,261.19 $746.22 $0.00 $934.41 $166,941.82
146 $166,941.82 $746.22 $0.00 $943.91 $168,631.95
147 $168,631.95 $746.22 $0.00 $953.47 $170,331.64
148 $170,331.64 $746.22 $0.00 $963.08 $172,040.94
149 $172,040.94 $746.22 $0.00 $972.74 $173,759.90
150 $173,759.90 $746.22 $0.00 $982.46 $175,488.58
151 $175,488.58 $746.22 $0.00 $992.24 $177,227.04
152 $177,227.04 $746.22 $0.00 $1,002.07 $178,975.33
153 $178,975.33 $746.22 $0.00 $1,011.95 $180,733.50
154 $180,733.50 $746.22 $0.00 $1,021.89 $182,501.61
155 $182,501.61 $746.22 $0.00 $1,031.89 $184,279.72
156 $184,279.72 $746.22 $0.00 $1,041.94 $186,067.88
157 $186,067.88 $746.22 $0.00 $1,052.05 $187,866.15
158 $187,866.15 $746.22 $0.00 $1,062.22 $189,674.59
159 $189,674.59 $746.22 $0.00 $1,072.45 $191,493.26
160 $191,493.26 $746.22 $0.00 $1,082.73 $193,322.21
161 $193,322.21 $746.22 $0.00 $1,093.07 $195,161.50
162 $195,161.50 $746.22 $0.00 $1,103.47 $197,011.19
163 $197,011.19 $746.22 $0.00 $1,113.93 $198,871.34
164 $198,871.34 $746.22 $0.00 $1,124.45 $200,742.01
165 $200,742.01 $746.22 $0.00 $1,135.02 $202,623.25
166 $202,623.25 $746.22 $0.00 $1,145.66 $204,515.13
167 $204,515.13 $746.22 $0.00 $1,156.36 $206,417.71
168 $206,417.71 $746.22 $0.00 $1,167.12 $208,331.05
169 $208,331.05 $746.22 $0.00 $1,177.93 $210,255.20
170 $210,255.20 $746.22 $0.00 $1,188.81 $212,190.23
171 $212,190.23 $746.22 $0.00 $1,199.75 $214,136.20
172 $214,136.20 $746.22 $0.00 $1,210.76 $216,093.18
173 $216,093.18 $746.22 $0.00 $1,221.82 $218,061.22
174 $218,061.22 $746.22 $0.00 $1,232.95 $220,040.39
175 $220,040.39 $746.22 $0.00 $1,244.14 $222,030.75
176 $222,030.75 $746.22 $0.00 $1,255.39 $224,032.36
177 $224,032.36 $746.22 $0.00 $1,266.71 $226,045.29
178 $226,045.29 $746.22 $0.00 $1,278.09 $228,069.60
179 $228,069.60 $746.22 $0.00 $1,289.54 $230,105.36
180 $230,105.36 $746.22 $0.00 $1,301.05 $232,152.63
181 $232,152.63 $746.22 $0.00 $1,312.62 $234,211.47
182 $234,211.47 $746.22 $0.00 $1,324.27 $236,281.96
183 $236,281.96 $746.22 $0.00 $1,335.97 $238,364.15
184 $238,364.15 $746.22 $0.00 $1,347.75 $240,458.12
185 $240,458.12 $746.22 $0.00 $1,359.59 $242,563.93
186 $242,563.93 $746.22 $0.00 $1,371.49 $244,681.64
187 $244,681.64 $746.22 $0.00 $1,383.47 $246,811.33
188 $246,811.33 $746.22 $0.00 $1,395.51 $248,953.06
189 $248,953.06 $746.22 $0.00 $1,407.62 $251,106.90
190 $251,106.90 $746.22 $0.00 $1,419.79 $253,272.91
191 $253,272.91 $746.22 $0.00 $1,432.04 $255,451.17
192 $255,451.17 $746.22 $0.00 $1,444.36 $257,641.75
193 $257,641.75 $746.22 $0.00 $1,456.74 $259,844.71
194 $259,844.71 $746.22 $0.00 $1,469.20 $262,060.13
195 $262,060.13 $746.22 $0.00 $1,481.73 $264,288.08
196 $264,288.08 $746.22 $0.00 $1,494.32 $266,528.62
197 $266,528.62 $746.22 $0.00 $1,506.99 $268,781.83
198 $268,781.83 $746.22 $0.00 $1,519.73 $271,047.78
199 $271,047.78 $746.22 $0.00 $1,532.54 $273,326.54
200 $273,326.54 $746.22 $0.00 $1,545.43 $275,618.19
201 $275,618.19 $746.22 $0.00 $1,558.39 $277,922.80
202 $277,922.80 $746.22 $0.00 $1,571.42 $280,240.44
203 $280,240.44 $746.22 $0.00 $1,584.52 $282,571.18
204 $282,571.18 $746.22 $0.00 $1,597.70 $284,915.10
205 $284,915.10 $746.22 $0.00 $1,610.95 $287,272.27
206 $287,272.27 $746.22 $0.00 $1,624.28 $289,642.77
207 $289,642.77 $746.22 $0.00 $1,637.68 $292,026.67
208 $292,026.67 $746.22 $0.00 $1,651.16 $294,424.05
209 $294,424.05 $746.22 $0.00 $1,664.72 $296,834.99
210 $296,834.99 $746.22 $0.00 $1,678.35 $299,259.56
211 $299,259.56 $746.22 $0.00 $1,692.06 $301,697.84
212 $301,697.84 $746.22 $0.00 $1,705.84 $304,149.90
213 $304,149.90 $746.22 $0.00 $1,719.71 $306,615.83
214 $306,615.83 $746.22 $0.00 $1,733.65 $309,095.70
215 $309,095.70 $746.22 $0.00 $1,747.67 $311,589.59
216 $311,589.59 $746.22 $0.00 $1,761.77 $314,097.58
217 $314,097.58 $746.22 $87,485.42 $1,775.95 $229,134.33
218 $229,134.33 $746.22 $0.00 $1,295.56 $231,176.11
219 $231,176.11 $746.22 $0.00 $1,307.10 $233,229.43
220 $233,229.43 $746.22 $0.00 $1,318.71 $235,294.36
221 $235,294.36 $746.22 $0.00 $1,330.39 $237,370.97
222 $237,370.97 $746.22 $0.00 $1,342.13 $239,459.32
223 $239,459.32 $746.22 $0.00 $1,353.94 $241,559.48
224 $241,559.48 $746.22 $0.00 $1,365.81 $243,671.51
225 $243,671.51 $746.22 $0.00 $1,377.75 $245,795.48
226 $245,795.48 $746.22 $0.00 $1,389.76 $247,931.46
227 $247,931.46 $746.22 $0.00 $1,401.84 $250,079.52
228 $250,079.52 $746.22 $0.00 $1,413.99 $252,239.73
229 $252,239.73 $746.22 $91,859.69 $1,426.20 $162,552.46
230 $162,552.46 $746.22 $0.00 $919.10 $164,217.78
231 $164,217.78 $746.22 $0.00 $928.51 $165,892.51
232 $165,892.51 $746.22 $0.00 $937.98 $167,576.71
233 $167,576.71 $746.22 $0.00 $947.50 $169,270.43
234 $169,270.43 $746.22 $0.00 $957.08 $170,973.73
235 $170,973.73 $746.22 $0.00 $966.71 $172,686.66
236 $172,686.66 $746.22 $0.00 $976.40 $174,409.28
237 $174,409.28 $746.22 $0.00 $986.14 $176,141.64
238 $176,141.64 $746.22 $0.00 $995.93 $177,883.79
239 $177,883.79 $746.22 $0.00 $1,005.78 $179,635.79
240 $179,635.79 $746.22 $0.00 $1,015.69 $181,397.70
241 $181,397.70 $746.22 $96,452.68 $1,025.65 $86,716.89
242 $86,716.89 $746.22 $0.00 $490.31 $87,953.42
243 $87,953.42 $746.22 $0.00 $497.30 $89,196.94
244 $89,196.94 $746.22 $0.00 $504.33 $90,447.49
245 $90,447.49 $746.22 $0.00 $511.40 $91,705.11
246 $91,705.11 $746.22 $0.00 $518.51 $92,969.84
247 $92,969.84 $746.22 $0.00 $525.66 $94,241.72
248 $94,241.72 $746.22 $0.00 $532.86 $95,520.80
249 $95,520.80 $746.22 $0.00 $540.09 $96,807.11
250 $96,807.11 $746.22 $0.00 $547.36 $98,100.69
251 $98,100.69 $746.22 $0.00 $554.68 $99,401.59
252 $99,401.59 $746.22 $0.00 $562.03 $100,709.84
253 $100,709.84 $0.00 $101,275.31 $569.43 $3.96