Savings Plan and Future Cost Estimation for Hastings College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$125,755
Monthly savings required$995

How much will it cost to send your child to Hastings College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $503,020.00 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $995.47 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$48,494.00
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 $995.47 $0.00 $0.00 $995.47
2 $995.47 $995.47 $0.00 $5.63 $1,996.57
3 $1,996.57 $995.47 $0.00 $11.29 $3,003.33
4 $3,003.33 $995.47 $0.00 $16.98 $4,015.78
5 $4,015.78 $995.47 $0.00 $22.71 $5,033.96
6 $5,033.96 $995.47 $0.00 $28.46 $6,057.89
7 $6,057.89 $995.47 $0.00 $34.25 $7,087.61
8 $7,087.61 $995.47 $0.00 $40.07 $8,123.15
9 $8,123.15 $995.47 $0.00 $45.93 $9,164.55
10 $9,164.55 $995.47 $0.00 $51.82 $10,211.84
11 $10,211.84 $995.47 $0.00 $57.74 $11,265.05
12 $11,265.05 $995.47 $0.00 $63.69 $12,324.21
13 $12,324.21 $995.47 $0.00 $69.68 $13,389.36
14 $13,389.36 $995.47 $0.00 $75.71 $14,460.54
15 $14,460.54 $995.47 $0.00 $81.76 $15,537.77
16 $15,537.77 $995.47 $0.00 $87.85 $16,621.09
17 $16,621.09 $995.47 $0.00 $93.98 $17,710.54
18 $17,710.54 $995.47 $0.00 $100.14 $18,806.15
19 $18,806.15 $995.47 $0.00 $106.33 $19,907.95
20 $19,907.95 $995.47 $0.00 $112.56 $21,015.98
21 $21,015.98 $995.47 $0.00 $118.83 $22,130.28
22 $22,130.28 $995.47 $0.00 $125.13 $23,250.88
23 $23,250.88 $995.47 $0.00 $131.46 $24,377.81
24 $24,377.81 $995.47 $0.00 $137.84 $25,511.12
25 $25,511.12 $995.47 $0.00 $144.24 $26,650.83
26 $26,650.83 $995.47 $0.00 $150.69 $27,796.99
27 $27,796.99 $995.47 $0.00 $157.17 $28,949.63
28 $28,949.63 $995.47 $0.00 $163.69 $30,108.79
29 $30,108.79 $995.47 $0.00 $170.24 $31,274.50
30 $31,274.50 $995.47 $0.00 $176.83 $32,446.80
31 $32,446.80 $995.47 $0.00 $183.46 $33,625.73
32 $33,625.73 $995.47 $0.00 $190.12 $34,811.32
33 $34,811.32 $995.47 $0.00 $196.83 $36,003.62
34 $36,003.62 $995.47 $0.00 $203.57 $37,202.66
35 $37,202.66 $995.47 $0.00 $210.35 $38,408.48
36 $38,408.48 $995.47 $0.00 $217.17 $39,621.12
37 $39,621.12 $995.47 $0.00 $224.02 $40,840.61
38 $40,840.61 $995.47 $0.00 $230.92 $42,067.00
39 $42,067.00 $995.47 $0.00 $237.85 $43,300.32
40 $43,300.32 $995.47 $0.00 $244.83 $44,540.62
41 $44,540.62 $995.47 $0.00 $251.84 $45,787.93
42 $45,787.93 $995.47 $0.00 $258.89 $47,042.29
43 $47,042.29 $995.47 $0.00 $265.98 $48,303.74
44 $48,303.74 $995.47 $0.00 $273.12 $49,572.33
45 $49,572.33 $995.47 $0.00 $280.29 $50,848.09
46 $50,848.09 $995.47 $0.00 $287.50 $52,131.06
47 $52,131.06 $995.47 $0.00 $294.76 $53,421.29
48 $53,421.29 $995.47 $0.00 $302.05 $54,718.81
49 $54,718.81 $995.47 $0.00 $309.39 $56,023.67
50 $56,023.67 $995.47 $0.00 $316.77 $57,335.91
51 $57,335.91 $995.47 $0.00 $324.19 $58,655.57
52 $58,655.57 $995.47 $0.00 $331.65 $59,982.69
53 $59,982.69 $995.47 $0.00 $339.15 $61,317.31
54 $61,317.31 $995.47 $0.00 $346.70 $62,659.48
55 $62,659.48 $995.47 $0.00 $354.29 $64,009.24
56 $64,009.24 $995.47 $0.00 $361.92 $65,366.63
57 $65,366.63 $995.47 $0.00 $369.59 $66,731.69
58 $66,731.69 $995.47 $0.00 $377.31 $68,104.47
59 $68,104.47 $995.47 $0.00 $385.07 $69,485.01
60 $69,485.01 $995.47 $0.00 $392.88 $70,873.36
61 $70,873.36 $995.47 $0.00 $400.73 $72,269.56
62 $72,269.56 $995.47 $0.00 $408.62 $73,673.65
63 $73,673.65 $995.47 $0.00 $416.56 $75,085.68
64 $75,085.68 $995.47 $0.00 $424.55 $76,505.70
65 $76,505.70 $995.47 $0.00 $432.57 $77,933.74
66 $77,933.74 $995.47 $0.00 $440.65 $79,369.86
67 $79,369.86 $995.47 $0.00 $448.77 $80,814.10
68 $80,814.10 $995.47 $0.00 $456.93 $82,266.50
69 $82,266.50 $995.47 $0.00 $465.15 $83,727.12
70 $83,727.12 $995.47 $0.00 $473.41 $85,196.00
71 $85,196.00 $995.47 $0.00 $481.71 $86,673.18
72 $86,673.18 $995.47 $0.00 $490.06 $88,158.71
73 $88,158.71 $995.47 $0.00 $498.46 $89,652.64
74 $89,652.64 $995.47 $0.00 $506.91 $91,155.02
75 $91,155.02 $995.47 $0.00 $515.40 $92,665.89
76 $92,665.89 $995.47 $0.00 $523.95 $94,185.31
77 $94,185.31 $995.47 $0.00 $532.54 $95,713.32
78 $95,713.32 $995.47 $0.00 $541.18 $97,249.97
79 $97,249.97 $995.47 $0.00 $549.87 $98,795.31
80 $98,795.31 $995.47 $0.00 $558.60 $100,349.38
81 $100,349.38 $995.47 $0.00 $567.39 $101,912.24
82 $101,912.24 $995.47 $0.00 $576.23 $103,483.94
83 $103,483.94 $995.47 $0.00 $585.11 $105,064.52
84 $105,064.52 $995.47 $0.00 $594.05 $106,654.04
85 $106,654.04 $995.47 $0.00 $603.04 $108,252.55
86 $108,252.55 $995.47 $0.00 $612.08 $109,860.10
87 $109,860.10 $995.47 $0.00 $621.16 $111,476.73
88 $111,476.73 $995.47 $0.00 $630.31 $113,102.51
89 $113,102.51 $995.47 $0.00 $639.50 $114,737.48
90 $114,737.48 $995.47 $0.00 $648.74 $116,381.69
91 $116,381.69 $995.47 $0.00 $658.04 $118,035.20
92 $118,035.20 $995.47 $0.00 $667.39 $119,698.06
93 $119,698.06 $995.47 $0.00 $676.79 $121,370.32
94 $121,370.32 $995.47 $0.00 $686.25 $123,052.04
95 $123,052.04 $995.47 $0.00 $695.75 $124,743.26
96 $124,743.26 $995.47 $0.00 $705.32 $126,444.05
97 $126,444.05 $995.47 $0.00 $714.93 $128,154.45
98 $128,154.45 $995.47 $0.00 $724.60 $129,874.52
99 $129,874.52 $995.47 $0.00 $734.33 $131,604.32
100 $131,604.32 $995.47 $0.00 $744.11 $133,343.90
101 $133,343.90 $995.47 $0.00 $753.95 $135,093.32
102 $135,093.32 $995.47 $0.00 $763.84 $136,852.63
103 $136,852.63 $995.47 $0.00 $773.78 $138,621.88
104 $138,621.88 $995.47 $0.00 $783.79 $140,401.14
105 $140,401.14 $995.47 $0.00 $793.85 $142,190.46
106 $142,190.46 $995.47 $0.00 $803.97 $143,989.90
107 $143,989.90 $995.47 $0.00 $814.14 $145,799.51
108 $145,799.51 $995.47 $0.00 $824.37 $147,619.35
109 $147,619.35 $995.47 $0.00 $834.66 $149,449.48
110 $149,449.48 $995.47 $0.00 $845.01 $151,289.96
111 $151,289.96 $995.47 $0.00 $855.42 $153,140.85
112 $153,140.85 $995.47 $0.00 $865.88 $155,002.20
113 $155,002.20 $995.47 $0.00 $876.40 $156,874.07
114 $156,874.07 $995.47 $0.00 $886.99 $158,756.53
115 $158,756.53 $995.47 $0.00 $897.63 $160,649.63
116 $160,649.63 $995.47 $0.00 $908.34 $162,553.44
117 $162,553.44 $995.47 $0.00 $919.10 $164,468.01
118 $164,468.01 $995.47 $0.00 $929.93 $166,393.41
119 $166,393.41 $995.47 $0.00 $940.81 $168,329.69
120 $168,329.69 $995.47 $0.00 $951.76 $170,276.92
121 $170,276.92 $995.47 $0.00 $962.77 $172,235.16
122 $172,235.16 $995.47 $0.00 $973.84 $174,204.47
123 $174,204.47 $995.47 $0.00 $984.98 $176,184.92
124 $176,184.92 $995.47 $0.00 $996.18 $178,176.57
125 $178,176.57 $995.47 $0.00 $1,007.44 $180,179.48
126 $180,179.48 $995.47 $0.00 $1,018.76 $182,193.71
127 $182,193.71 $995.47 $0.00 $1,030.15 $184,219.33
128 $184,219.33 $995.47 $0.00 $1,041.60 $186,256.40
129 $186,256.40 $995.47 $0.00 $1,053.12 $188,304.99
130 $188,304.99 $995.47 $0.00 $1,064.70 $190,365.16
131 $190,365.16 $995.47 $0.00 $1,076.35 $192,436.98
132 $192,436.98 $995.47 $0.00 $1,088.07 $194,520.52
133 $194,520.52 $995.47 $0.00 $1,099.85 $196,615.84
134 $196,615.84 $995.47 $0.00 $1,111.69 $198,723.00
135 $198,723.00 $995.47 $0.00 $1,123.61 $200,842.08
136 $200,842.08 $995.47 $0.00 $1,135.59 $202,973.14
137 $202,973.14 $995.47 $0.00 $1,147.64 $205,116.25
138 $205,116.25 $995.47 $0.00 $1,159.76 $207,271.48
139 $207,271.48 $995.47 $0.00 $1,171.94 $209,438.89
140 $209,438.89 $995.47 $0.00 $1,184.20 $211,618.56
141 $211,618.56 $995.47 $0.00 $1,196.52 $213,810.55
142 $213,810.55 $995.47 $0.00 $1,208.92 $216,014.94
143 $216,014.94 $995.47 $0.00 $1,221.38 $218,231.79
144 $218,231.79 $995.47 $0.00 $1,233.91 $220,461.17
145 $220,461.17 $995.47 $0.00 $1,246.52 $222,703.16
146 $222,703.16 $995.47 $0.00 $1,259.20 $224,957.83
147 $224,957.83 $995.47 $0.00 $1,271.94 $227,225.24
148 $227,225.24 $995.47 $0.00 $1,284.76 $229,505.47
149 $229,505.47 $995.47 $0.00 $1,297.66 $231,798.60
150 $231,798.60 $995.47 $0.00 $1,310.62 $234,104.69
151 $234,104.69 $995.47 $0.00 $1,323.66 $236,423.82
152 $236,423.82 $995.47 $0.00 $1,336.77 $238,756.06
153 $238,756.06 $995.47 $0.00 $1,349.96 $241,101.49
154 $241,101.49 $995.47 $0.00 $1,363.22 $243,460.18
155 $243,460.18 $995.47 $0.00 $1,376.56 $245,832.21
156 $245,832.21 $995.47 $0.00 $1,389.97 $248,217.65
157 $248,217.65 $995.47 $0.00 $1,403.46 $250,616.58
158 $250,616.58 $995.47 $0.00 $1,417.02 $253,029.07
159 $253,029.07 $995.47 $0.00 $1,430.66 $255,455.20
160 $255,455.20 $995.47 $0.00 $1,444.38 $257,895.05
161 $257,895.05 $995.47 $0.00 $1,458.18 $260,348.70
162 $260,348.70 $995.47 $0.00 $1,472.05 $262,816.22
163 $262,816.22 $995.47 $0.00 $1,486.00 $265,297.69
164 $265,297.69 $995.47 $0.00 $1,500.03 $267,793.19
165 $267,793.19 $995.47 $0.00 $1,514.14 $270,302.80
166 $270,302.80 $995.47 $0.00 $1,528.33 $272,826.60
167 $272,826.60 $995.47 $0.00 $1,542.60 $275,364.67
168 $275,364.67 $995.47 $0.00 $1,556.95 $277,917.09
169 $277,917.09 $995.47 $0.00 $1,571.38 $280,483.94
170 $280,483.94 $995.47 $0.00 $1,585.90 $283,065.31
171 $283,065.31 $995.47 $0.00 $1,600.49 $285,661.27
172 $285,661.27 $995.47 $0.00 $1,615.17 $288,271.91
173 $288,271.91 $995.47 $0.00 $1,629.93 $290,897.31
174 $290,897.31 $995.47 $0.00 $1,644.78 $293,537.56
175 $293,537.56 $995.47 $0.00 $1,659.70 $296,192.73
176 $296,192.73 $995.47 $0.00 $1,674.72 $298,862.92
177 $298,862.92 $995.47 $0.00 $1,689.81 $301,548.20
178 $301,548.20 $995.47 $0.00 $1,705.00 $304,248.67
179 $304,248.67 $995.47 $0.00 $1,720.27 $306,964.41
180 $306,964.41 $995.47 $0.00 $1,735.62 $309,695.50
181 $309,695.50 $995.47 $0.00 $1,751.06 $312,442.03
182 $312,442.03 $995.47 $0.00 $1,766.59 $315,204.09
183 $315,204.09 $995.47 $0.00 $1,782.21 $317,981.77
184 $317,981.77 $995.47 $0.00 $1,797.92 $320,775.16
185 $320,775.16 $995.47 $0.00 $1,813.71 $323,584.34
186 $323,584.34 $995.47 $0.00 $1,829.59 $326,409.40
187 $326,409.40 $995.47 $0.00 $1,845.57 $329,250.44
188 $329,250.44 $995.47 $0.00 $1,861.63 $332,107.54
189 $332,107.54 $995.47 $0.00 $1,877.78 $334,980.79
190 $334,980.79 $995.47 $0.00 $1,894.03 $337,870.29
191 $337,870.29 $995.47 $0.00 $1,910.37 $340,776.13
192 $340,776.13 $995.47 $0.00 $1,926.80 $343,698.40
193 $343,698.40 $995.47 $0.00 $1,943.32 $346,637.19
194 $346,637.19 $995.47 $0.00 $1,959.94 $349,592.60
195 $349,592.60 $995.47 $0.00 $1,976.65 $352,564.72
196 $352,564.72 $995.47 $0.00 $1,993.45 $355,553.64
197 $355,553.64 $995.47 $0.00 $2,010.35 $358,559.46
198 $358,559.46 $995.47 $0.00 $2,027.35 $361,582.28
199 $361,582.28 $995.47 $0.00 $2,044.44 $364,622.19
200 $364,622.19 $995.47 $0.00 $2,061.63 $367,679.29
201 $367,679.29 $995.47 $0.00 $2,078.91 $370,753.67
202 $370,753.67 $995.47 $0.00 $2,096.30 $373,845.44
203 $373,845.44 $995.47 $0.00 $2,113.78 $376,954.69
204 $376,954.69 $995.47 $0.00 $2,131.36 $380,081.52
205 $380,081.52 $995.47 $0.00 $2,149.04 $383,226.03
206 $383,226.03 $995.47 $0.00 $2,166.82 $386,388.32
207 $386,388.32 $995.47 $0.00 $2,184.70 $389,568.49
208 $389,568.49 $995.47 $0.00 $2,202.68 $392,766.64
209 $392,766.64 $995.47 $0.00 $2,220.76 $395,982.87
210 $395,982.87 $995.47 $0.00 $2,238.94 $399,217.28
211 $399,217.28 $995.47 $0.00 $2,257.23 $402,469.98
212 $402,469.98 $995.47 $0.00 $2,275.62 $405,741.07
213 $405,741.07 $995.47 $0.00 $2,294.12 $409,030.66
214 $409,030.66 $995.47 $0.00 $2,312.72 $412,338.85
215 $412,338.85 $995.47 $0.00 $2,331.42 $415,665.74
216 $415,665.74 $995.47 $0.00 $2,350.23 $419,011.44
217 $419,011.44 $995.47 $116,706.59 $2,369.15 $305,669.47
218 $305,669.47 $995.47 $0.00 $1,728.30 $308,393.24
219 $308,393.24 $995.47 $0.00 $1,743.70 $311,132.41
220 $311,132.41 $995.47 $0.00 $1,759.19 $313,887.07
221 $313,887.07 $995.47 $0.00 $1,774.76 $316,657.30
222 $316,657.30 $995.47 $0.00 $1,790.43 $319,443.20
223 $319,443.20 $995.47 $0.00 $1,806.18 $322,244.85
224 $322,244.85 $995.47 $0.00 $1,822.02 $325,062.34
225 $325,062.34 $995.47 $0.00 $1,837.95 $327,895.76
226 $327,895.76 $995.47 $0.00 $1,853.97 $330,745.20
227 $330,745.20 $995.47 $0.00 $1,870.08 $333,610.75
228 $333,610.75 $995.47 $0.00 $1,886.28 $336,492.50
229 $336,492.50 $995.47 $122,541.92 $1,902.58 $216,848.63
230 $216,848.63 $995.47 $0.00 $1,226.09 $219,070.19
231 $219,070.19 $995.47 $0.00 $1,238.65 $221,304.31
232 $221,304.31 $995.47 $0.00 $1,251.29 $223,551.07
233 $223,551.07 $995.47 $0.00 $1,263.99 $225,810.53
234 $225,810.53 $995.47 $0.00 $1,276.77 $228,082.77
235 $228,082.77 $995.47 $0.00 $1,289.61 $230,367.85
236 $230,367.85 $995.47 $0.00 $1,302.53 $232,665.85
237 $232,665.85 $995.47 $0.00 $1,315.53 $234,976.85
238 $234,976.85 $995.47 $0.00 $1,328.59 $237,300.91
239 $237,300.91 $995.47 $0.00 $1,341.73 $239,638.11
240 $239,638.11 $995.47 $0.00 $1,354.95 $241,988.53
241 $241,988.53 $995.47 $128,669.02 $1,368.24 $115,683.22
242 $115,683.22 $995.47 $0.00 $654.09 $117,332.78
243 $117,332.78 $995.47 $0.00 $663.42 $118,991.67
244 $118,991.67 $995.47 $0.00 $672.80 $120,659.94
245 $120,659.94 $995.47 $0.00 $682.23 $122,337.64
246 $122,337.64 $995.47 $0.00 $691.71 $124,024.82
247 $124,024.82 $995.47 $0.00 $701.25 $125,721.54
248 $125,721.54 $995.47 $0.00 $710.85 $127,427.86
249 $127,427.86 $995.47 $0.00 $720.50 $129,143.83
250 $129,143.83 $995.47 $0.00 $730.20 $130,869.50
251 $130,869.50 $995.47 $0.00 $739.96 $132,604.93
252 $132,604.93 $995.47 $0.00 $749.77 $134,350.17
253 $134,350.17 $0.00 $135,102.47 $759.64 $7.34