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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$84,373
Monthly savings required$668

How much will it cost to send your child to Cottey College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $337,490.39 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $667.88 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$32,536.00
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 $667.88 $0.00 $0.00 $667.88
2 $667.88 $667.88 $0.00 $3.78 $1,339.54
3 $1,339.54 $667.88 $0.00 $7.57 $2,014.99
4 $2,014.99 $667.88 $0.00 $11.39 $2,694.26
5 $2,694.26 $667.88 $0.00 $15.23 $3,377.37
6 $3,377.37 $667.88 $0.00 $19.10 $4,064.35
7 $4,064.35 $667.88 $0.00 $22.98 $4,755.21
8 $4,755.21 $667.88 $0.00 $26.89 $5,449.98
9 $5,449.98 $667.88 $0.00 $30.81 $6,148.67
10 $6,148.67 $667.88 $0.00 $34.77 $6,851.32
11 $6,851.32 $667.88 $0.00 $38.74 $7,557.94
12 $7,557.94 $667.88 $0.00 $42.73 $8,268.55
13 $8,268.55 $667.88 $0.00 $46.75 $8,983.18
14 $8,983.18 $667.88 $0.00 $50.79 $9,701.85
15 $9,701.85 $667.88 $0.00 $54.86 $10,424.59
16 $10,424.59 $667.88 $0.00 $58.94 $11,151.41
17 $11,151.41 $667.88 $0.00 $63.05 $11,882.34
18 $11,882.34 $667.88 $0.00 $67.18 $12,617.40
19 $12,617.40 $667.88 $0.00 $71.34 $13,356.62
20 $13,356.62 $667.88 $0.00 $75.52 $14,100.02
21 $14,100.02 $667.88 $0.00 $79.72 $14,847.62
22 $14,847.62 $667.88 $0.00 $83.95 $15,599.45
23 $15,599.45 $667.88 $0.00 $88.20 $16,355.53
24 $16,355.53 $667.88 $0.00 $92.48 $17,115.89
25 $17,115.89 $667.88 $0.00 $96.78 $17,880.55
26 $17,880.55 $667.88 $0.00 $101.10 $18,649.53
27 $18,649.53 $667.88 $0.00 $105.45 $19,422.86
28 $19,422.86 $667.88 $0.00 $109.82 $20,200.56
29 $20,200.56 $667.88 $0.00 $114.22 $20,982.66
30 $20,982.66 $667.88 $0.00 $118.64 $21,769.18
31 $21,769.18 $667.88 $0.00 $123.09 $22,560.15
32 $22,560.15 $667.88 $0.00 $127.56 $23,355.59
33 $23,355.59 $667.88 $0.00 $132.06 $24,155.53
34 $24,155.53 $667.88 $0.00 $136.58 $24,959.99
35 $24,959.99 $667.88 $0.00 $141.13 $25,769.00
36 $25,769.00 $667.88 $0.00 $145.70 $26,582.58
37 $26,582.58 $667.88 $0.00 $150.30 $27,400.76
38 $27,400.76 $667.88 $0.00 $154.93 $28,223.57
39 $28,223.57 $667.88 $0.00 $159.58 $29,051.03
40 $29,051.03 $667.88 $0.00 $164.26 $29,883.17
41 $29,883.17 $667.88 $0.00 $168.96 $30,720.01
42 $30,720.01 $667.88 $0.00 $173.70 $31,561.59
43 $31,561.59 $667.88 $0.00 $178.45 $32,407.92
44 $32,407.92 $667.88 $0.00 $183.24 $33,259.04
45 $33,259.04 $667.88 $0.00 $188.05 $34,114.97
46 $34,114.97 $667.88 $0.00 $192.89 $34,975.74
47 $34,975.74 $667.88 $0.00 $197.76 $35,841.38
48 $35,841.38 $667.88 $0.00 $202.65 $36,711.91
49 $36,711.91 $667.88 $0.00 $207.57 $37,587.36
50 $37,587.36 $667.88 $0.00 $212.52 $38,467.76
51 $38,467.76 $667.88 $0.00 $217.50 $39,353.14
52 $39,353.14 $667.88 $0.00 $222.51 $40,243.53
53 $40,243.53 $667.88 $0.00 $227.54 $41,138.95
54 $41,138.95 $667.88 $0.00 $232.61 $42,039.44
55 $42,039.44 $667.88 $0.00 $237.70 $42,945.02
56 $42,945.02 $667.88 $0.00 $242.82 $43,855.72
57 $43,855.72 $667.88 $0.00 $247.97 $44,771.57
58 $44,771.57 $667.88 $0.00 $253.14 $45,692.59
59 $45,692.59 $667.88 $0.00 $258.35 $46,618.82
60 $46,618.82 $667.88 $0.00 $263.59 $47,550.29
61 $47,550.29 $667.88 $0.00 $268.86 $48,487.03
62 $48,487.03 $667.88 $0.00 $274.15 $49,429.06
63 $49,429.06 $667.88 $0.00 $279.48 $50,376.42
64 $50,376.42 $667.88 $0.00 $284.84 $51,329.14
65 $51,329.14 $667.88 $0.00 $290.22 $52,287.24
66 $52,287.24 $667.88 $0.00 $295.64 $53,250.76
67 $53,250.76 $667.88 $0.00 $301.09 $54,219.73
68 $54,219.73 $667.88 $0.00 $306.57 $55,194.18
69 $55,194.18 $667.88 $0.00 $312.08 $56,174.14
70 $56,174.14 $667.88 $0.00 $317.62 $57,159.64
71 $57,159.64 $667.88 $0.00 $323.19 $58,150.71
72 $58,150.71 $667.88 $0.00 $328.79 $59,147.38
73 $59,147.38 $667.88 $0.00 $334.43 $60,149.69
74 $60,149.69 $667.88 $0.00 $340.10 $61,157.67
75 $61,157.67 $667.88 $0.00 $345.79 $62,171.34
76 $62,171.34 $667.88 $0.00 $351.53 $63,190.75
77 $63,190.75 $667.88 $0.00 $357.29 $64,215.92
78 $64,215.92 $667.88 $0.00 $363.09 $65,246.89
79 $65,246.89 $667.88 $0.00 $368.92 $66,283.69
80 $66,283.69 $667.88 $0.00 $374.78 $67,326.35
81 $67,326.35 $667.88 $0.00 $380.67 $68,374.90
82 $68,374.90 $667.88 $0.00 $386.60 $69,429.38
83 $69,429.38 $667.88 $0.00 $392.56 $70,489.82
84 $70,489.82 $667.88 $0.00 $398.56 $71,556.26
85 $71,556.26 $667.88 $0.00 $404.59 $72,628.73
86 $72,628.73 $667.88 $0.00 $410.65 $73,707.26
87 $73,707.26 $667.88 $0.00 $416.75 $74,791.89
88 $74,791.89 $667.88 $0.00 $422.88 $75,882.65
89 $75,882.65 $667.88 $0.00 $429.05 $76,979.58
90 $76,979.58 $667.88 $0.00 $435.25 $78,082.71
91 $78,082.71 $667.88 $0.00 $441.49 $79,192.08
92 $79,192.08 $667.88 $0.00 $447.76 $80,307.72
93 $80,307.72 $667.88 $0.00 $454.07 $81,429.67
94 $81,429.67 $667.88 $0.00 $460.42 $82,557.97
95 $82,557.97 $667.88 $0.00 $466.79 $83,692.64
96 $83,692.64 $667.88 $0.00 $473.21 $84,833.73
97 $84,833.73 $667.88 $0.00 $479.66 $85,981.27
98 $85,981.27 $667.88 $0.00 $486.15 $87,135.30
99 $87,135.30 $667.88 $0.00 $492.68 $88,295.86
100 $88,295.86 $667.88 $0.00 $499.24 $89,462.98
101 $89,462.98 $667.88 $0.00 $505.84 $90,636.70
102 $90,636.70 $667.88 $0.00 $512.47 $91,817.05
103 $91,817.05 $667.88 $0.00 $519.15 $93,004.08
104 $93,004.08 $667.88 $0.00 $525.86 $94,197.82
105 $94,197.82 $667.88 $0.00 $532.61 $95,398.31
106 $95,398.31 $667.88 $0.00 $539.40 $96,605.59
107 $96,605.59 $667.88 $0.00 $546.22 $97,819.69
108 $97,819.69 $667.88 $0.00 $553.09 $99,040.66
109 $99,040.66 $667.88 $0.00 $559.99 $100,268.53
110 $100,268.53 $667.88 $0.00 $566.93 $101,503.34
111 $101,503.34 $667.88 $0.00 $573.91 $102,745.13
112 $102,745.13 $667.88 $0.00 $580.94 $103,993.95
113 $103,993.95 $667.88 $0.00 $588.00 $105,249.83
114 $105,249.83 $667.88 $0.00 $595.10 $106,512.81
115 $106,512.81 $667.88 $0.00 $602.24 $107,782.93
116 $107,782.93 $667.88 $0.00 $609.42 $109,060.23
117 $109,060.23 $667.88 $0.00 $616.64 $110,344.75
118 $110,344.75 $667.88 $0.00 $623.91 $111,636.54
119 $111,636.54 $667.88 $0.00 $631.21 $112,935.63
120 $112,935.63 $667.88 $0.00 $638.55 $114,242.06
121 $114,242.06 $667.88 $0.00 $645.94 $115,555.88
122 $115,555.88 $667.88 $0.00 $653.37 $116,877.13
123 $116,877.13 $667.88 $0.00 $660.84 $118,205.85
124 $118,205.85 $667.88 $0.00 $668.35 $119,542.08
125 $119,542.08 $667.88 $0.00 $675.91 $120,885.87
126 $120,885.87 $667.88 $0.00 $683.51 $122,237.26
127 $122,237.26 $667.88 $0.00 $691.15 $123,596.29
128 $123,596.29 $667.88 $0.00 $698.83 $124,963.00
129 $124,963.00 $667.88 $0.00 $706.56 $126,337.44
130 $126,337.44 $667.88 $0.00 $714.33 $127,719.65
131 $127,719.65 $667.88 $0.00 $722.15 $129,109.68
132 $129,109.68 $667.88 $0.00 $730.00 $130,507.56
133 $130,507.56 $667.88 $0.00 $737.91 $131,913.35
134 $131,913.35 $667.88 $0.00 $745.86 $133,327.09
135 $133,327.09 $667.88 $0.00 $753.85 $134,748.82
136 $134,748.82 $667.88 $0.00 $761.89 $136,178.59
137 $136,178.59 $667.88 $0.00 $769.97 $137,616.44
138 $137,616.44 $667.88 $0.00 $778.10 $139,062.42
139 $139,062.42 $667.88 $0.00 $786.28 $140,516.58
140 $140,516.58 $667.88 $0.00 $794.50 $141,978.96
141 $141,978.96 $667.88 $0.00 $802.77 $143,449.61
142 $143,449.61 $667.88 $0.00 $811.08 $144,928.57
143 $144,928.57 $667.88 $0.00 $819.45 $146,415.90
144 $146,415.90 $667.88 $0.00 $827.86 $147,911.64
145 $147,911.64 $667.88 $0.00 $836.31 $149,415.83
146 $149,415.83 $667.88 $0.00 $844.82 $150,928.53
147 $150,928.53 $667.88 $0.00 $853.37 $152,449.78
148 $152,449.78 $667.88 $0.00 $861.97 $153,979.63
149 $153,979.63 $667.88 $0.00 $870.62 $155,518.13
150 $155,518.13 $667.88 $0.00 $879.32 $157,065.33
151 $157,065.33 $667.88 $0.00 $888.07 $158,621.28
152 $158,621.28 $667.88 $0.00 $896.87 $160,186.03
153 $160,186.03 $667.88 $0.00 $905.72 $161,759.63
154 $161,759.63 $667.88 $0.00 $914.61 $163,342.12
155 $163,342.12 $667.88 $0.00 $923.56 $164,933.56
156 $164,933.56 $667.88 $0.00 $932.56 $166,534.00
157 $166,534.00 $667.88 $0.00 $941.61 $168,143.49
158 $168,143.49 $667.88 $0.00 $950.71 $169,762.08
159 $169,762.08 $667.88 $0.00 $959.86 $171,389.82
160 $171,389.82 $667.88 $0.00 $969.06 $173,026.76
161 $173,026.76 $667.88 $0.00 $978.32 $174,672.96
162 $174,672.96 $667.88 $0.00 $987.63 $176,328.47
163 $176,328.47 $667.88 $0.00 $996.99 $177,993.34
164 $177,993.34 $667.88 $0.00 $1,006.40 $179,667.62
165 $179,667.62 $667.88 $0.00 $1,015.87 $181,351.37
166 $181,351.37 $667.88 $0.00 $1,025.39 $183,044.64
167 $183,044.64 $667.88 $0.00 $1,034.96 $184,747.48
168 $184,747.48 $667.88 $0.00 $1,044.59 $186,459.95
169 $186,459.95 $667.88 $0.00 $1,054.27 $188,182.10
170 $188,182.10 $667.88 $0.00 $1,064.01 $189,913.99
171 $189,913.99 $667.88 $0.00 $1,073.80 $191,655.67
172 $191,655.67 $667.88 $0.00 $1,083.65 $193,407.20
173 $193,407.20 $667.88 $0.00 $1,093.55 $195,168.63
174 $195,168.63 $667.88 $0.00 $1,103.51 $196,940.02
175 $196,940.02 $667.88 $0.00 $1,113.53 $198,721.43
176 $198,721.43 $667.88 $0.00 $1,123.60 $200,512.91
177 $200,512.91 $667.88 $0.00 $1,133.73 $202,314.52
178 $202,314.52 $667.88 $0.00 $1,143.92 $204,126.32
179 $204,126.32 $667.88 $0.00 $1,154.16 $205,948.36
180 $205,948.36 $667.88 $0.00 $1,164.46 $207,780.70
181 $207,780.70 $667.88 $0.00 $1,174.82 $209,623.40
182 $209,623.40 $667.88 $0.00 $1,185.24 $211,476.52
183 $211,476.52 $667.88 $0.00 $1,195.72 $213,340.12
184 $213,340.12 $667.88 $0.00 $1,206.26 $215,214.26
185 $215,214.26 $667.88 $0.00 $1,216.85 $217,098.99
186 $217,098.99 $667.88 $0.00 $1,227.51 $218,994.38
187 $218,994.38 $667.88 $0.00 $1,238.23 $220,900.49
188 $220,900.49 $667.88 $0.00 $1,249.00 $222,817.37
189 $222,817.37 $667.88 $0.00 $1,259.84 $224,745.09
190 $224,745.09 $667.88 $0.00 $1,270.74 $226,683.71
191 $226,683.71 $667.88 $0.00 $1,281.70 $228,633.29
192 $228,633.29 $667.88 $0.00 $1,292.73 $230,593.90
193 $230,593.90 $667.88 $0.00 $1,303.81 $232,565.59
194 $232,565.59 $667.88 $0.00 $1,314.96 $234,548.43
195 $234,548.43 $667.88 $0.00 $1,326.17 $236,542.48
196 $236,542.48 $667.88 $0.00 $1,337.45 $238,547.81
197 $238,547.81 $667.88 $0.00 $1,348.78 $240,564.47
198 $240,564.47 $667.88 $0.00 $1,360.19 $242,592.54
199 $242,592.54 $667.88 $0.00 $1,371.65 $244,632.07
200 $244,632.07 $667.88 $0.00 $1,383.19 $246,683.14
201 $246,683.14 $667.88 $0.00 $1,394.78 $248,745.80
202 $248,745.80 $667.88 $0.00 $1,406.44 $250,820.12
203 $250,820.12 $667.88 $0.00 $1,418.17 $252,906.17
204 $252,906.17 $667.88 $0.00 $1,429.97 $255,004.02
205 $255,004.02 $667.88 $0.00 $1,441.83 $257,113.73
206 $257,113.73 $667.88 $0.00 $1,453.76 $259,235.37
207 $259,235.37 $667.88 $0.00 $1,465.75 $261,369.00
208 $261,369.00 $667.88 $0.00 $1,477.82 $263,514.70
209 $263,514.70 $667.88 $0.00 $1,489.95 $265,672.53
210 $265,672.53 $667.88 $0.00 $1,502.15 $267,842.56
211 $267,842.56 $667.88 $0.00 $1,514.42 $270,024.86
212 $270,024.86 $667.88 $0.00 $1,526.76 $272,219.50
213 $272,219.50 $667.88 $0.00 $1,539.17 $274,426.55
214 $274,426.55 $667.88 $0.00 $1,551.65 $276,646.08
215 $276,646.08 $667.88 $0.00 $1,564.20 $278,878.16
216 $278,878.16 $667.88 $0.00 $1,576.82 $281,122.86
217 $281,122.86 $667.88 $78,301.76 $1,589.51 $205,078.49
218 $205,078.49 $667.88 $0.00 $1,159.54 $206,905.91
219 $206,905.91 $667.88 $0.00 $1,169.88 $208,743.67
220 $208,743.67 $667.88 $0.00 $1,180.27 $210,591.82
221 $210,591.82 $667.88 $0.00 $1,190.72 $212,450.42
222 $212,450.42 $667.88 $0.00 $1,201.23 $214,319.53
223 $214,319.53 $667.88 $0.00 $1,211.79 $216,199.20
224 $216,199.20 $667.88 $0.00 $1,222.42 $218,089.50
225 $218,089.50 $667.88 $0.00 $1,233.11 $219,990.49
226 $219,990.49 $667.88 $0.00 $1,243.86 $221,902.23
227 $221,902.23 $667.88 $0.00 $1,254.67 $223,824.78
228 $223,824.78 $667.88 $0.00 $1,265.54 $225,758.20
229 $225,758.20 $667.88 $82,216.85 $1,276.47 $145,485.70
230 $145,485.70 $667.88 $0.00 $822.60 $146,976.18
231 $146,976.18 $667.88 $0.00 $831.02 $148,475.08
232 $148,475.08 $667.88 $0.00 $839.50 $149,982.46
233 $149,982.46 $667.88 $0.00 $848.02 $151,498.36
234 $151,498.36 $667.88 $0.00 $856.59 $153,022.83
235 $153,022.83 $667.88 $0.00 $865.21 $154,555.92
236 $154,555.92 $667.88 $0.00 $873.88 $156,097.68
237 $156,097.68 $667.88 $0.00 $882.60 $157,648.16
238 $157,648.16 $667.88 $0.00 $891.37 $159,207.41
239 $159,207.41 $667.88 $0.00 $900.18 $160,775.47
240 $160,775.47 $667.88 $0.00 $909.05 $162,352.40
241 $162,352.40 $667.88 $86,327.69 $917.96 $77,610.55
242 $77,610.55 $667.88 $0.00 $438.82 $78,717.25
243 $78,717.25 $667.88 $0.00 $445.08 $79,830.21
244 $79,830.21 $667.88 $0.00 $451.37 $80,949.46
245 $80,949.46 $667.88 $0.00 $457.70 $82,075.04
246 $82,075.04 $667.88 $0.00 $464.06 $83,206.98
247 $83,206.98 $667.88 $0.00 $470.46 $84,345.32
248 $84,345.32 $667.88 $0.00 $476.90 $85,490.10
249 $85,490.10 $667.88 $0.00 $483.37 $86,641.35
250 $86,641.35 $667.88 $0.00 $489.88 $87,799.11
251 $87,799.11 $667.88 $0.00 $496.43 $88,963.42
252 $88,963.42 $667.88 $0.00 $503.01 $90,134.31
253 $90,134.31 $0.00 $90,644.08 $509.63 ($0.14)