Savings Plan and Future Cost Estimation for Kansas City Art Institute

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$146,776
Monthly savings required$1,162

How much will it cost to send your child to Kansas City Art Institute in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $587,102.16 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,161.84 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$56,600.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,161.84 $0.00 $0.00 $1,161.84
2 $1,161.84 $1,161.84 $0.00 $6.57 $2,330.25
3 $2,330.25 $1,161.84 $0.00 $13.18 $3,505.27
4 $3,505.27 $1,161.84 $0.00 $19.82 $4,686.93
5 $4,686.93 $1,161.84 $0.00 $26.50 $5,875.27
6 $5,875.27 $1,161.84 $0.00 $33.22 $7,070.33
7 $7,070.33 $1,161.84 $0.00 $39.98 $8,272.15
8 $8,272.15 $1,161.84 $0.00 $46.77 $9,480.76
9 $9,480.76 $1,161.84 $0.00 $53.61 $10,696.21
10 $10,696.21 $1,161.84 $0.00 $60.48 $11,918.53
11 $11,918.53 $1,161.84 $0.00 $67.39 $13,147.76
12 $13,147.76 $1,161.84 $0.00 $74.34 $14,383.94
13 $14,383.94 $1,161.84 $0.00 $81.33 $15,627.11
14 $15,627.11 $1,161.84 $0.00 $88.36 $16,877.31
15 $16,877.31 $1,161.84 $0.00 $95.43 $18,134.58
16 $18,134.58 $1,161.84 $0.00 $102.54 $19,398.96
17 $19,398.96 $1,161.84 $0.00 $109.68 $20,670.48
18 $20,670.48 $1,161.84 $0.00 $116.87 $21,949.19
19 $21,949.19 $1,161.84 $0.00 $124.10 $23,235.13
20 $23,235.13 $1,161.84 $0.00 $131.37 $24,528.34
21 $24,528.34 $1,161.84 $0.00 $138.69 $25,828.87
22 $25,828.87 $1,161.84 $0.00 $146.04 $27,136.75
23 $27,136.75 $1,161.84 $0.00 $153.44 $28,452.03
24 $28,452.03 $1,161.84 $0.00 $160.87 $29,774.74
25 $29,774.74 $1,161.84 $0.00 $168.35 $31,104.93
26 $31,104.93 $1,161.84 $0.00 $175.87 $32,442.64
27 $32,442.64 $1,161.84 $0.00 $183.44 $33,787.92
28 $33,787.92 $1,161.84 $0.00 $191.04 $35,140.80
29 $35,140.80 $1,161.84 $0.00 $198.69 $36,501.33
30 $36,501.33 $1,161.84 $0.00 $206.38 $37,869.55
31 $37,869.55 $1,161.84 $0.00 $214.12 $39,245.51
32 $39,245.51 $1,161.84 $0.00 $221.90 $40,629.25
33 $40,629.25 $1,161.84 $0.00 $229.72 $42,020.81
34 $42,020.81 $1,161.84 $0.00 $237.59 $43,420.24
35 $43,420.24 $1,161.84 $0.00 $245.50 $44,827.58
36 $44,827.58 $1,161.84 $0.00 $253.46 $46,242.88
37 $46,242.88 $1,161.84 $0.00 $261.46 $47,666.18
38 $47,666.18 $1,161.84 $0.00 $269.51 $49,097.53
39 $49,097.53 $1,161.84 $0.00 $277.60 $50,536.97
40 $50,536.97 $1,161.84 $0.00 $285.74 $51,984.55
41 $51,984.55 $1,161.84 $0.00 $293.93 $53,440.32
42 $53,440.32 $1,161.84 $0.00 $302.16 $54,904.32
43 $54,904.32 $1,161.84 $0.00 $310.44 $56,376.60
44 $56,376.60 $1,161.84 $0.00 $318.76 $57,857.20
45 $57,857.20 $1,161.84 $0.00 $327.13 $59,346.17
46 $59,346.17 $1,161.84 $0.00 $335.55 $60,843.56
47 $60,843.56 $1,161.84 $0.00 $344.02 $62,349.42
48 $62,349.42 $1,161.84 $0.00 $352.53 $63,863.79
49 $63,863.79 $1,161.84 $0.00 $361.10 $65,386.73
50 $65,386.73 $1,161.84 $0.00 $369.71 $66,918.28
51 $66,918.28 $1,161.84 $0.00 $378.37 $68,458.49
52 $68,458.49 $1,161.84 $0.00 $387.07 $70,007.40
53 $70,007.40 $1,161.84 $0.00 $395.83 $71,565.07
54 $71,565.07 $1,161.84 $0.00 $404.64 $73,131.55
55 $73,131.55 $1,161.84 $0.00 $413.50 $74,706.89
56 $74,706.89 $1,161.84 $0.00 $422.40 $76,291.13
57 $76,291.13 $1,161.84 $0.00 $431.36 $77,884.33
58 $77,884.33 $1,161.84 $0.00 $440.37 $79,486.54
59 $79,486.54 $1,161.84 $0.00 $449.43 $81,097.81
60 $81,097.81 $1,161.84 $0.00 $458.54 $82,718.19
61 $82,718.19 $1,161.84 $0.00 $467.70 $84,347.73
62 $84,347.73 $1,161.84 $0.00 $476.91 $85,986.48
63 $85,986.48 $1,161.84 $0.00 $486.18 $87,634.50
64 $87,634.50 $1,161.84 $0.00 $495.50 $89,291.84
65 $89,291.84 $1,161.84 $0.00 $504.87 $90,958.55
66 $90,958.55 $1,161.84 $0.00 $514.29 $92,634.68
67 $92,634.68 $1,161.84 $0.00 $523.77 $94,320.29
68 $94,320.29 $1,161.84 $0.00 $533.30 $96,015.43
69 $96,015.43 $1,161.84 $0.00 $542.89 $97,720.16
70 $97,720.16 $1,161.84 $0.00 $552.52 $99,434.52
71 $99,434.52 $1,161.84 $0.00 $562.22 $101,158.58
72 $101,158.58 $1,161.84 $0.00 $571.97 $102,892.39
73 $102,892.39 $1,161.84 $0.00 $581.77 $104,636.00
74 $104,636.00 $1,161.84 $0.00 $591.63 $106,389.47
75 $106,389.47 $1,161.84 $0.00 $601.54 $108,152.85
76 $108,152.85 $1,161.84 $0.00 $611.51 $109,926.20
77 $109,926.20 $1,161.84 $0.00 $621.54 $111,709.58
78 $111,709.58 $1,161.84 $0.00 $631.62 $113,503.04
79 $113,503.04 $1,161.84 $0.00 $641.76 $115,306.64
80 $115,306.64 $1,161.84 $0.00 $651.96 $117,120.44
81 $117,120.44 $1,161.84 $0.00 $662.22 $118,944.50
82 $118,944.50 $1,161.84 $0.00 $672.53 $120,778.87
83 $120,778.87 $1,161.84 $0.00 $682.90 $122,623.61
84 $122,623.61 $1,161.84 $0.00 $693.33 $124,478.78
85 $124,478.78 $1,161.84 $0.00 $703.82 $126,344.44
86 $126,344.44 $1,161.84 $0.00 $714.37 $128,220.65
87 $128,220.65 $1,161.84 $0.00 $724.98 $130,107.47
88 $130,107.47 $1,161.84 $0.00 $735.65 $132,004.96
89 $132,004.96 $1,161.84 $0.00 $746.38 $133,913.18
90 $133,913.18 $1,161.84 $0.00 $757.16 $135,832.18
91 $135,832.18 $1,161.84 $0.00 $768.01 $137,762.03
92 $137,762.03 $1,161.84 $0.00 $778.93 $139,702.80
93 $139,702.80 $1,161.84 $0.00 $789.90 $141,654.54
94 $141,654.54 $1,161.84 $0.00 $800.94 $143,617.32
95 $143,617.32 $1,161.84 $0.00 $812.03 $145,591.19
96 $145,591.19 $1,161.84 $0.00 $823.19 $147,576.22
97 $147,576.22 $1,161.84 $0.00 $834.42 $149,572.48
98 $149,572.48 $1,161.84 $0.00 $845.70 $151,580.02
99 $151,580.02 $1,161.84 $0.00 $857.06 $153,598.92
100 $153,598.92 $1,161.84 $0.00 $868.47 $155,629.23
101 $155,629.23 $1,161.84 $0.00 $879.95 $157,671.02
102 $157,671.02 $1,161.84 $0.00 $891.49 $159,724.35
103 $159,724.35 $1,161.84 $0.00 $903.10 $161,789.29
104 $161,789.29 $1,161.84 $0.00 $914.78 $163,865.91
105 $163,865.91 $1,161.84 $0.00 $926.52 $165,954.27
106 $165,954.27 $1,161.84 $0.00 $938.33 $168,054.44
107 $168,054.44 $1,161.84 $0.00 $950.20 $170,166.48
108 $170,166.48 $1,161.84 $0.00 $962.15 $172,290.47
109 $172,290.47 $1,161.84 $0.00 $974.16 $174,426.47
110 $174,426.47 $1,161.84 $0.00 $986.23 $176,574.54
111 $176,574.54 $1,161.84 $0.00 $998.38 $178,734.76
112 $178,734.76 $1,161.84 $0.00 $1,010.59 $180,907.19
113 $180,907.19 $1,161.84 $0.00 $1,022.88 $183,091.91
114 $183,091.91 $1,161.84 $0.00 $1,035.23 $185,288.98
115 $185,288.98 $1,161.84 $0.00 $1,047.65 $187,498.47
116 $187,498.47 $1,161.84 $0.00 $1,060.14 $189,720.45
117 $189,720.45 $1,161.84 $0.00 $1,072.71 $191,955.00
118 $191,955.00 $1,161.84 $0.00 $1,085.34 $194,202.18
119 $194,202.18 $1,161.84 $0.00 $1,098.05 $196,462.07
120 $196,462.07 $1,161.84 $0.00 $1,110.83 $198,734.74
121 $198,734.74 $1,161.84 $0.00 $1,123.68 $201,020.26
122 $201,020.26 $1,161.84 $0.00 $1,136.60 $203,318.70
123 $203,318.70 $1,161.84 $0.00 $1,149.59 $205,630.13
124 $205,630.13 $1,161.84 $0.00 $1,162.66 $207,954.63
125 $207,954.63 $1,161.84 $0.00 $1,175.81 $210,292.28
126 $210,292.28 $1,161.84 $0.00 $1,189.02 $212,643.14
127 $212,643.14 $1,161.84 $0.00 $1,202.32 $215,007.30
128 $215,007.30 $1,161.84 $0.00 $1,215.68 $217,384.82
129 $217,384.82 $1,161.84 $0.00 $1,229.13 $219,775.79
130 $219,775.79 $1,161.84 $0.00 $1,242.64 $222,180.27
131 $222,180.27 $1,161.84 $0.00 $1,256.24 $224,598.35
132 $224,598.35 $1,161.84 $0.00 $1,269.91 $227,030.10
133 $227,030.10 $1,161.84 $0.00 $1,283.66 $229,475.60
134 $229,475.60 $1,161.84 $0.00 $1,297.49 $231,934.93
135 $231,934.93 $1,161.84 $0.00 $1,311.39 $234,408.16
136 $234,408.16 $1,161.84 $0.00 $1,325.38 $236,895.38
137 $236,895.38 $1,161.84 $0.00 $1,339.44 $239,396.66
138 $239,396.66 $1,161.84 $0.00 $1,353.58 $241,912.08
139 $241,912.08 $1,161.84 $0.00 $1,367.81 $244,441.73
140 $244,441.73 $1,161.84 $0.00 $1,382.11 $246,985.68
141 $246,985.68 $1,161.84 $0.00 $1,396.49 $249,544.01
142 $249,544.01 $1,161.84 $0.00 $1,410.96 $252,116.81
143 $252,116.81 $1,161.84 $0.00 $1,425.51 $254,704.16
144 $254,704.16 $1,161.84 $0.00 $1,440.13 $257,306.13
145 $257,306.13 $1,161.84 $0.00 $1,454.85 $259,922.82
146 $259,922.82 $1,161.84 $0.00 $1,469.64 $262,554.30
147 $262,554.30 $1,161.84 $0.00 $1,484.52 $265,200.66
148 $265,200.66 $1,161.84 $0.00 $1,499.48 $267,861.98
149 $267,861.98 $1,161.84 $0.00 $1,514.53 $270,538.35
150 $270,538.35 $1,161.84 $0.00 $1,529.66 $273,229.85
151 $273,229.85 $1,161.84 $0.00 $1,544.88 $275,936.57
152 $275,936.57 $1,161.84 $0.00 $1,560.19 $278,658.60
153 $278,658.60 $1,161.84 $0.00 $1,575.58 $281,396.02
154 $281,396.02 $1,161.84 $0.00 $1,591.05 $284,148.91
155 $284,148.91 $1,161.84 $0.00 $1,606.62 $286,917.37
156 $286,917.37 $1,161.84 $0.00 $1,622.27 $289,701.48
157 $289,701.48 $1,161.84 $0.00 $1,638.01 $292,501.33
158 $292,501.33 $1,161.84 $0.00 $1,653.85 $295,317.02
159 $295,317.02 $1,161.84 $0.00 $1,669.77 $298,148.63
160 $298,148.63 $1,161.84 $0.00 $1,685.78 $300,996.25
161 $300,996.25 $1,161.84 $0.00 $1,701.88 $303,859.97
162 $303,859.97 $1,161.84 $0.00 $1,718.07 $306,739.88
163 $306,739.88 $1,161.84 $0.00 $1,734.35 $309,636.07
164 $309,636.07 $1,161.84 $0.00 $1,750.73 $312,548.64
165 $312,548.64 $1,161.84 $0.00 $1,767.20 $315,477.68
166 $315,477.68 $1,161.84 $0.00 $1,783.76 $318,423.28
167 $318,423.28 $1,161.84 $0.00 $1,800.41 $321,385.53
168 $321,385.53 $1,161.84 $0.00 $1,817.16 $324,364.53
169 $324,364.53 $1,161.84 $0.00 $1,834.00 $327,360.37
170 $327,360.37 $1,161.84 $0.00 $1,850.94 $330,373.15
171 $330,373.15 $1,161.84 $0.00 $1,867.98 $333,402.97
172 $333,402.97 $1,161.84 $0.00 $1,885.11 $336,449.92
173 $336,449.92 $1,161.84 $0.00 $1,902.34 $339,514.10
174 $339,514.10 $1,161.84 $0.00 $1,919.66 $342,595.60
175 $342,595.60 $1,161.84 $0.00 $1,937.09 $345,694.53
176 $345,694.53 $1,161.84 $0.00 $1,954.61 $348,810.98
177 $348,810.98 $1,161.84 $0.00 $1,972.23 $351,945.05
178 $351,945.05 $1,161.84 $0.00 $1,989.95 $355,096.84
179 $355,096.84 $1,161.84 $0.00 $2,007.77 $358,266.45
180 $358,266.45 $1,161.84 $0.00 $2,025.69 $361,453.98
181 $361,453.98 $1,161.84 $0.00 $2,043.71 $364,659.53
182 $364,659.53 $1,161.84 $0.00 $2,061.84 $367,883.21
183 $367,883.21 $1,161.84 $0.00 $2,080.07 $371,125.12
184 $371,125.12 $1,161.84 $0.00 $2,098.40 $374,385.36
185 $374,385.36 $1,161.84 $0.00 $2,116.83 $377,664.03
186 $377,664.03 $1,161.84 $0.00 $2,135.37 $380,961.24
187 $380,961.24 $1,161.84 $0.00 $2,154.01 $384,277.09
188 $384,277.09 $1,161.84 $0.00 $2,172.76 $387,611.69
189 $387,611.69 $1,161.84 $0.00 $2,191.61 $390,965.14
190 $390,965.14 $1,161.84 $0.00 $2,210.57 $394,337.55
191 $394,337.55 $1,161.84 $0.00 $2,229.64 $397,729.03
192 $397,729.03 $1,161.84 $0.00 $2,248.82 $401,139.69
193 $401,139.69 $1,161.84 $0.00 $2,268.10 $404,569.63
194 $404,569.63 $1,161.84 $0.00 $2,287.50 $408,018.97
195 $408,018.97 $1,161.84 $0.00 $2,307.00 $411,487.81
196 $411,487.81 $1,161.84 $0.00 $2,326.61 $414,976.26
197 $414,976.26 $1,161.84 $0.00 $2,346.34 $418,484.44
198 $418,484.44 $1,161.84 $0.00 $2,366.17 $422,012.45
199 $422,012.45 $1,161.84 $0.00 $2,386.12 $425,560.41
200 $425,560.41 $1,161.84 $0.00 $2,406.18 $429,128.43
201 $429,128.43 $1,161.84 $0.00 $2,426.35 $432,716.62
202 $432,716.62 $1,161.84 $0.00 $2,446.64 $436,325.10
203 $436,325.10 $1,161.84 $0.00 $2,467.05 $439,953.99
204 $439,953.99 $1,161.84 $0.00 $2,487.56 $443,603.39
205 $443,603.39 $1,161.84 $0.00 $2,508.20 $447,273.43
206 $447,273.43 $1,161.84 $0.00 $2,528.95 $450,964.22
207 $450,964.22 $1,161.84 $0.00 $2,549.82 $454,675.88
208 $454,675.88 $1,161.84 $0.00 $2,570.80 $458,408.52
209 $458,408.52 $1,161.84 $0.00 $2,591.91 $462,162.27
210 $462,162.27 $1,161.84 $0.00 $2,613.13 $465,937.24
211 $465,937.24 $1,161.84 $0.00 $2,634.48 $469,733.56
212 $469,733.56 $1,161.84 $0.00 $2,655.94 $473,551.34
213 $473,551.34 $1,161.84 $0.00 $2,677.53 $477,390.71
214 $477,390.71 $1,161.84 $0.00 $2,699.24 $481,251.79
215 $481,251.79 $1,161.84 $0.00 $2,721.07 $485,134.70
216 $485,134.70 $1,161.84 $0.00 $2,743.02 $489,039.56
217 $489,039.56 $1,161.84 $136,214.65 $2,765.10 $356,751.85
218 $356,751.85 $1,161.84 $0.00 $2,017.13 $359,930.82
219 $359,930.82 $1,161.84 $0.00 $2,035.10 $363,127.76
220 $363,127.76 $1,161.84 $0.00 $2,053.18 $366,342.78
221 $366,342.78 $1,161.84 $0.00 $2,071.36 $369,575.98
222 $369,575.98 $1,161.84 $0.00 $2,089.64 $372,827.46
223 $372,827.46 $1,161.84 $0.00 $2,108.02 $376,097.32
224 $376,097.32 $1,161.84 $0.00 $2,126.51 $379,385.67
225 $379,385.67 $1,161.84 $0.00 $2,145.10 $382,692.61
226 $382,692.61 $1,161.84 $0.00 $2,163.80 $386,018.25
227 $386,018.25 $1,161.84 $0.00 $2,182.60 $389,362.69
228 $389,362.69 $1,161.84 $0.00 $2,201.51 $392,726.04
229 $392,726.04 $1,161.84 $143,025.38 $2,220.53 $253,083.03
230 $253,083.03 $1,161.84 $0.00 $1,430.97 $255,675.84
231 $255,675.84 $1,161.84 $0.00 $1,445.63 $258,283.31
232 $258,283.31 $1,161.84 $0.00 $1,460.37 $260,905.52
233 $260,905.52 $1,161.84 $0.00 $1,475.20 $263,542.56
234 $263,542.56 $1,161.84 $0.00 $1,490.11 $266,194.51
235 $266,194.51 $1,161.84 $0.00 $1,505.10 $268,861.45
236 $268,861.45 $1,161.84 $0.00 $1,520.18 $271,543.47
237 $271,543.47 $1,161.84 $0.00 $1,535.35 $274,240.66
238 $274,240.66 $1,161.84 $0.00 $1,550.60 $276,953.10
239 $276,953.10 $1,161.84 $0.00 $1,565.93 $279,680.87
240 $279,680.87 $1,161.84 $0.00 $1,581.36 $282,424.07
241 $282,424.07 $1,161.84 $150,176.65 $1,596.87 $135,006.13
242 $135,006.13 $1,161.84 $0.00 $763.34 $136,931.31
243 $136,931.31 $1,161.84 $0.00 $774.23 $138,867.38
244 $138,867.38 $1,161.84 $0.00 $785.18 $140,814.40
245 $140,814.40 $1,161.84 $0.00 $796.19 $142,772.43
246 $142,772.43 $1,161.84 $0.00 $807.26 $144,741.53
247 $144,741.53 $1,161.84 $0.00 $818.39 $146,721.76
248 $146,721.76 $1,161.84 $0.00 $829.59 $148,713.19
249 $148,713.19 $1,161.84 $0.00 $840.85 $150,715.88
250 $150,715.88 $1,161.84 $0.00 $852.17 $152,729.89
251 $152,729.89 $1,161.84 $0.00 $863.56 $154,755.29
252 $154,755.29 $1,161.84 $0.00 $875.01 $156,792.14
253 $156,792.14 $0.00 $157,685.48 $886.53 ($6.81)