Savings Plan and Future Cost Estimation for Colby Sawyer College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$164,300
Monthly savings required$1,301

How much will it cost to send your child to Colby Sawyer College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $657,201.75 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,300.58 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$63,358.00
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 $1,300.58 $0.00 $0.00 $1,300.58
2 $1,300.58 $1,300.58 $0.00 $7.35 $2,608.51
3 $2,608.51 $1,300.58 $0.00 $14.75 $3,923.84
4 $3,923.84 $1,300.58 $0.00 $22.19 $5,246.61
5 $5,246.61 $1,300.58 $0.00 $29.67 $6,576.86
6 $6,576.86 $1,300.58 $0.00 $37.19 $7,914.63
7 $7,914.63 $1,300.58 $0.00 $44.75 $9,259.96
8 $9,259.96 $1,300.58 $0.00 $52.36 $10,612.90
9 $10,612.90 $1,300.58 $0.00 $60.01 $11,973.49
10 $11,973.49 $1,300.58 $0.00 $67.70 $13,341.77
11 $13,341.77 $1,300.58 $0.00 $75.44 $14,717.79
12 $14,717.79 $1,300.58 $0.00 $83.22 $16,101.59
13 $16,101.59 $1,300.58 $0.00 $91.04 $17,493.21
14 $17,493.21 $1,300.58 $0.00 $98.91 $18,892.70
15 $18,892.70 $1,300.58 $0.00 $106.82 $20,300.10
16 $20,300.10 $1,300.58 $0.00 $114.78 $21,715.46
17 $21,715.46 $1,300.58 $0.00 $122.78 $23,138.82
18 $23,138.82 $1,300.58 $0.00 $130.83 $24,570.23
19 $24,570.23 $1,300.58 $0.00 $138.92 $26,009.73
20 $26,009.73 $1,300.58 $0.00 $147.06 $27,457.37
21 $27,457.37 $1,300.58 $0.00 $155.25 $28,913.20
22 $28,913.20 $1,300.58 $0.00 $163.48 $30,377.26
23 $30,377.26 $1,300.58 $0.00 $171.76 $31,849.60
24 $31,849.60 $1,300.58 $0.00 $180.08 $33,330.26
25 $33,330.26 $1,300.58 $0.00 $188.45 $34,819.29
26 $34,819.29 $1,300.58 $0.00 $196.87 $36,316.74
27 $36,316.74 $1,300.58 $0.00 $205.34 $37,822.66
28 $37,822.66 $1,300.58 $0.00 $213.85 $39,337.09
29 $39,337.09 $1,300.58 $0.00 $222.42 $40,860.09
30 $40,860.09 $1,300.58 $0.00 $231.03 $42,391.70
31 $42,391.70 $1,300.58 $0.00 $239.69 $43,931.97
32 $43,931.97 $1,300.58 $0.00 $248.40 $45,480.95
33 $45,480.95 $1,300.58 $0.00 $257.16 $47,038.69
34 $47,038.69 $1,300.58 $0.00 $265.96 $48,605.23
35 $48,605.23 $1,300.58 $0.00 $274.82 $50,180.63
36 $50,180.63 $1,300.58 $0.00 $283.73 $51,764.94
37 $51,764.94 $1,300.58 $0.00 $292.69 $53,358.21
38 $53,358.21 $1,300.58 $0.00 $301.70 $54,960.49
39 $54,960.49 $1,300.58 $0.00 $310.75 $56,571.82
40 $56,571.82 $1,300.58 $0.00 $319.87 $58,192.27
41 $58,192.27 $1,300.58 $0.00 $329.03 $59,821.88
42 $59,821.88 $1,300.58 $0.00 $338.24 $61,460.70
43 $61,460.70 $1,300.58 $0.00 $347.51 $63,108.79
44 $63,108.79 $1,300.58 $0.00 $356.83 $64,766.20
45 $64,766.20 $1,300.58 $0.00 $366.20 $66,432.98
46 $66,432.98 $1,300.58 $0.00 $375.62 $68,109.18
47 $68,109.18 $1,300.58 $0.00 $385.10 $69,794.86
48 $69,794.86 $1,300.58 $0.00 $394.63 $71,490.07
49 $71,490.07 $1,300.58 $0.00 $404.22 $73,194.87
50 $73,194.87 $1,300.58 $0.00 $413.85 $74,909.30
51 $74,909.30 $1,300.58 $0.00 $423.55 $76,633.43
52 $76,633.43 $1,300.58 $0.00 $433.30 $78,367.31
53 $78,367.31 $1,300.58 $0.00 $443.10 $80,110.99
54 $80,110.99 $1,300.58 $0.00 $452.96 $81,864.53
55 $81,864.53 $1,300.58 $0.00 $462.87 $83,627.98
56 $83,627.98 $1,300.58 $0.00 $472.84 $85,401.40
57 $85,401.40 $1,300.58 $0.00 $482.87 $87,184.85
58 $87,184.85 $1,300.58 $0.00 $492.96 $88,978.39
59 $88,978.39 $1,300.58 $0.00 $503.10 $90,782.07
60 $90,782.07 $1,300.58 $0.00 $513.30 $92,595.95
61 $92,595.95 $1,300.58 $0.00 $523.55 $94,420.08
62 $94,420.08 $1,300.58 $0.00 $533.86 $96,254.52
63 $96,254.52 $1,300.58 $0.00 $544.24 $98,099.34
64 $98,099.34 $1,300.58 $0.00 $554.67 $99,954.59
65 $99,954.59 $1,300.58 $0.00 $565.16 $101,820.33
66 $101,820.33 $1,300.58 $0.00 $575.71 $103,696.62
67 $103,696.62 $1,300.58 $0.00 $586.32 $105,583.52
68 $105,583.52 $1,300.58 $0.00 $596.98 $107,481.08
69 $107,481.08 $1,300.58 $0.00 $607.71 $109,389.37
70 $109,389.37 $1,300.58 $0.00 $618.50 $111,308.45
71 $111,308.45 $1,300.58 $0.00 $629.35 $113,238.38
72 $113,238.38 $1,300.58 $0.00 $640.27 $115,179.23
73 $115,179.23 $1,300.58 $0.00 $651.24 $117,131.05
74 $117,131.05 $1,300.58 $0.00 $662.28 $119,093.91
75 $119,093.91 $1,300.58 $0.00 $673.37 $121,067.86
76 $121,067.86 $1,300.58 $0.00 $684.54 $123,052.98
77 $123,052.98 $1,300.58 $0.00 $695.76 $125,049.32
78 $125,049.32 $1,300.58 $0.00 $707.05 $127,056.95
79 $127,056.95 $1,300.58 $0.00 $718.40 $129,075.93
80 $129,075.93 $1,300.58 $0.00 $729.81 $131,106.32
81 $131,106.32 $1,300.58 $0.00 $741.29 $133,148.19
82 $133,148.19 $1,300.58 $0.00 $752.84 $135,201.61
83 $135,201.61 $1,300.58 $0.00 $764.45 $137,266.64
84 $137,266.64 $1,300.58 $0.00 $776.13 $139,343.35
85 $139,343.35 $1,300.58 $0.00 $787.87 $141,431.80
86 $141,431.80 $1,300.58 $0.00 $799.68 $143,532.06
87 $143,532.06 $1,300.58 $0.00 $811.55 $145,644.19
88 $145,644.19 $1,300.58 $0.00 $823.49 $147,768.26
89 $147,768.26 $1,300.58 $0.00 $835.50 $149,904.34
90 $149,904.34 $1,300.58 $0.00 $847.58 $152,052.50
91 $152,052.50 $1,300.58 $0.00 $859.73 $154,212.81
92 $154,212.81 $1,300.58 $0.00 $871.94 $156,385.33
93 $156,385.33 $1,300.58 $0.00 $884.23 $158,570.14
94 $158,570.14 $1,300.58 $0.00 $896.58 $160,767.30
95 $160,767.30 $1,300.58 $0.00 $909.00 $162,976.88
96 $162,976.88 $1,300.58 $0.00 $921.49 $165,198.95
97 $165,198.95 $1,300.58 $0.00 $934.06 $167,433.59
98 $167,433.59 $1,300.58 $0.00 $946.69 $169,680.86
99 $169,680.86 $1,300.58 $0.00 $959.40 $171,940.84
100 $171,940.84 $1,300.58 $0.00 $972.18 $174,213.60
101 $174,213.60 $1,300.58 $0.00 $985.03 $176,499.21
102 $176,499.21 $1,300.58 $0.00 $997.95 $178,797.74
103 $178,797.74 $1,300.58 $0.00 $1,010.95 $181,109.27
104 $181,109.27 $1,300.58 $0.00 $1,024.02 $183,433.87
105 $183,433.87 $1,300.58 $0.00 $1,037.16 $185,771.61
106 $185,771.61 $1,300.58 $0.00 $1,050.38 $188,122.57
107 $188,122.57 $1,300.58 $0.00 $1,063.67 $190,486.82
108 $190,486.82 $1,300.58 $0.00 $1,077.04 $192,864.44
109 $192,864.44 $1,300.58 $0.00 $1,090.48 $195,255.50
110 $195,255.50 $1,300.58 $0.00 $1,104.00 $197,660.08
111 $197,660.08 $1,300.58 $0.00 $1,117.60 $200,078.26
112 $200,078.26 $1,300.58 $0.00 $1,131.27 $202,510.11
113 $202,510.11 $1,300.58 $0.00 $1,145.02 $204,955.71
114 $204,955.71 $1,300.58 $0.00 $1,158.85 $207,415.14
115 $207,415.14 $1,300.58 $0.00 $1,172.76 $209,888.48
116 $209,888.48 $1,300.58 $0.00 $1,186.74 $212,375.80
117 $212,375.80 $1,300.58 $0.00 $1,200.80 $214,877.18
118 $214,877.18 $1,300.58 $0.00 $1,214.95 $217,392.71
119 $217,392.71 $1,300.58 $0.00 $1,229.17 $219,922.46
120 $219,922.46 $1,300.58 $0.00 $1,243.47 $222,466.51
121 $222,466.51 $1,300.58 $0.00 $1,257.86 $225,024.95
122 $225,024.95 $1,300.58 $0.00 $1,272.32 $227,597.85
123 $227,597.85 $1,300.58 $0.00 $1,286.87 $230,185.30
124 $230,185.30 $1,300.58 $0.00 $1,301.50 $232,787.38
125 $232,787.38 $1,300.58 $0.00 $1,316.21 $235,404.17
126 $235,404.17 $1,300.58 $0.00 $1,331.01 $238,035.76
127 $238,035.76 $1,300.58 $0.00 $1,345.89 $240,682.23
128 $240,682.23 $1,300.58 $0.00 $1,360.85 $243,343.66
129 $243,343.66 $1,300.58 $0.00 $1,375.90 $246,020.14
130 $246,020.14 $1,300.58 $0.00 $1,391.03 $248,711.75
131 $248,711.75 $1,300.58 $0.00 $1,406.25 $251,418.58
132 $251,418.58 $1,300.58 $0.00 $1,421.56 $254,140.72
133 $254,140.72 $1,300.58 $0.00 $1,436.95 $256,878.25
134 $256,878.25 $1,300.58 $0.00 $1,452.43 $259,631.26
135 $259,631.26 $1,300.58 $0.00 $1,467.99 $262,399.83
136 $262,399.83 $1,300.58 $0.00 $1,483.65 $265,184.06
137 $265,184.06 $1,300.58 $0.00 $1,499.39 $267,984.03
138 $267,984.03 $1,300.58 $0.00 $1,515.22 $270,799.83
139 $270,799.83 $1,300.58 $0.00 $1,531.14 $273,631.55
140 $273,631.55 $1,300.58 $0.00 $1,547.15 $276,479.28
141 $276,479.28 $1,300.58 $0.00 $1,563.25 $279,343.11
142 $279,343.11 $1,300.58 $0.00 $1,579.45 $282,223.14
143 $282,223.14 $1,300.58 $0.00 $1,595.73 $285,119.45
144 $285,119.45 $1,300.58 $0.00 $1,612.11 $288,032.14
145 $288,032.14 $1,300.58 $0.00 $1,628.58 $290,961.30
146 $290,961.30 $1,300.58 $0.00 $1,645.14 $293,907.02
147 $293,907.02 $1,300.58 $0.00 $1,661.79 $296,869.39
148 $296,869.39 $1,300.58 $0.00 $1,678.54 $299,848.51
149 $299,848.51 $1,300.58 $0.00 $1,695.39 $302,844.48
150 $302,844.48 $1,300.58 $0.00 $1,712.33 $305,857.39
151 $305,857.39 $1,300.58 $0.00 $1,729.36 $308,887.33
152 $308,887.33 $1,300.58 $0.00 $1,746.49 $311,934.40
153 $311,934.40 $1,300.58 $0.00 $1,763.72 $314,998.70
154 $314,998.70 $1,300.58 $0.00 $1,781.05 $318,080.33
155 $318,080.33 $1,300.58 $0.00 $1,798.47 $321,179.38
156 $321,179.38 $1,300.58 $0.00 $1,815.99 $324,295.95
157 $324,295.95 $1,300.58 $0.00 $1,833.62 $327,430.15
158 $327,430.15 $1,300.58 $0.00 $1,851.34 $330,582.07
159 $330,582.07 $1,300.58 $0.00 $1,869.16 $333,751.81
160 $333,751.81 $1,300.58 $0.00 $1,887.08 $336,939.47
161 $336,939.47 $1,300.58 $0.00 $1,905.10 $340,145.15
162 $340,145.15 $1,300.58 $0.00 $1,923.23 $343,368.96
163 $343,368.96 $1,300.58 $0.00 $1,941.46 $346,611.00
164 $346,611.00 $1,300.58 $0.00 $1,959.79 $349,871.37
165 $349,871.37 $1,300.58 $0.00 $1,978.22 $353,150.17
166 $353,150.17 $1,300.58 $0.00 $1,996.76 $356,447.51
167 $356,447.51 $1,300.58 $0.00 $2,015.41 $359,763.50
168 $359,763.50 $1,300.58 $0.00 $2,034.16 $363,098.24
169 $363,098.24 $1,300.58 $0.00 $2,053.01 $366,451.83
170 $366,451.83 $1,300.58 $0.00 $2,071.97 $369,824.38
171 $369,824.38 $1,300.58 $0.00 $2,091.04 $373,216.00
172 $373,216.00 $1,300.58 $0.00 $2,110.22 $376,626.80
173 $376,626.80 $1,300.58 $0.00 $2,129.50 $380,056.88
174 $380,056.88 $1,300.58 $0.00 $2,148.90 $383,506.36
175 $383,506.36 $1,300.58 $0.00 $2,168.40 $386,975.34
176 $386,975.34 $1,300.58 $0.00 $2,188.01 $390,463.93
177 $390,463.93 $1,300.58 $0.00 $2,207.74 $393,972.25
178 $393,972.25 $1,300.58 $0.00 $2,227.58 $397,500.41
179 $397,500.41 $1,300.58 $0.00 $2,247.53 $401,048.52
180 $401,048.52 $1,300.58 $0.00 $2,267.59 $404,616.69
181 $404,616.69 $1,300.58 $0.00 $2,287.76 $408,205.03
182 $408,205.03 $1,300.58 $0.00 $2,308.05 $411,813.66
183 $411,813.66 $1,300.58 $0.00 $2,328.45 $415,442.69
184 $415,442.69 $1,300.58 $0.00 $2,348.97 $419,092.24
185 $419,092.24 $1,300.58 $0.00 $2,369.61 $422,762.43
186 $422,762.43 $1,300.58 $0.00 $2,390.36 $426,453.37
187 $426,453.37 $1,300.58 $0.00 $2,411.23 $430,165.18
188 $430,165.18 $1,300.58 $0.00 $2,432.22 $433,897.98
189 $433,897.98 $1,300.58 $0.00 $2,453.32 $437,651.88
190 $437,651.88 $1,300.58 $0.00 $2,474.55 $441,427.01
191 $441,427.01 $1,300.58 $0.00 $2,495.89 $445,223.48
192 $445,223.48 $1,300.58 $0.00 $2,517.36 $449,041.42
193 $449,041.42 $1,300.58 $0.00 $2,538.95 $452,880.95
194 $452,880.95 $1,300.58 $0.00 $2,560.65 $456,742.18
195 $456,742.18 $1,300.58 $0.00 $2,582.49 $460,625.25
196 $460,625.25 $1,300.58 $0.00 $2,604.44 $464,530.27
197 $464,530.27 $1,300.58 $0.00 $2,626.52 $468,457.37
198 $468,457.37 $1,300.58 $0.00 $2,648.73 $472,406.68
199 $472,406.68 $1,300.58 $0.00 $2,671.06 $476,378.32
200 $476,378.32 $1,300.58 $0.00 $2,693.51 $480,372.41
201 $480,372.41 $1,300.58 $0.00 $2,716.10 $484,389.09
202 $484,389.09 $1,300.58 $0.00 $2,738.81 $488,428.48
203 $488,428.48 $1,300.58 $0.00 $2,761.65 $492,490.71
204 $492,490.71 $1,300.58 $0.00 $2,784.61 $496,575.90
205 $496,575.90 $1,300.58 $0.00 $2,807.71 $500,684.19
206 $500,684.19 $1,300.58 $0.00 $2,830.94 $504,815.71
207 $504,815.71 $1,300.58 $0.00 $2,854.30 $508,970.59
208 $508,970.59 $1,300.58 $0.00 $2,877.79 $513,148.96
209 $513,148.96 $1,300.58 $0.00 $2,901.42 $517,350.96
210 $517,350.96 $1,300.58 $0.00 $2,925.18 $521,576.72
211 $521,576.72 $1,300.58 $0.00 $2,949.07 $525,826.37
212 $525,826.37 $1,300.58 $0.00 $2,973.10 $530,100.05
213 $530,100.05 $1,300.58 $0.00 $2,997.26 $534,397.89
214 $534,397.89 $1,300.58 $0.00 $3,021.56 $538,720.03
215 $538,720.03 $1,300.58 $0.00 $3,046.00 $543,066.61
216 $543,066.61 $1,300.58 $0.00 $3,070.58 $547,437.77
217 $547,437.77 $1,300.58 $152,478.58 $3,095.29 $399,355.06
218 $399,355.06 $1,300.58 $0.00 $2,258.01 $402,913.65
219 $402,913.65 $1,300.58 $0.00 $2,278.13 $406,492.36
220 $406,492.36 $1,300.58 $0.00 $2,298.37 $410,091.31
221 $410,091.31 $1,300.58 $0.00 $2,318.72 $413,710.61
222 $413,710.61 $1,300.58 $0.00 $2,339.18 $417,350.37
223 $417,350.37 $1,300.58 $0.00 $2,359.76 $421,010.71
224 $421,010.71 $1,300.58 $0.00 $2,380.46 $424,691.75
225 $424,691.75 $1,300.58 $0.00 $2,401.27 $428,393.60
226 $428,393.60 $1,300.58 $0.00 $2,422.20 $432,116.38
227 $432,116.38 $1,300.58 $0.00 $2,443.25 $435,860.21
228 $435,860.21 $1,300.58 $0.00 $2,464.42 $439,625.21
229 $439,625.21 $1,300.58 $160,102.51 $2,485.70 $283,308.98
230 $283,308.98 $1,300.58 $0.00 $1,601.87 $286,211.43
231 $286,211.43 $1,300.58 $0.00 $1,618.28 $289,130.29
232 $289,130.29 $1,300.58 $0.00 $1,634.78 $292,065.65
233 $292,065.65 $1,300.58 $0.00 $1,651.38 $295,017.61
234 $295,017.61 $1,300.58 $0.00 $1,668.07 $297,986.26
235 $297,986.26 $1,300.58 $0.00 $1,684.86 $300,971.70
236 $300,971.70 $1,300.58 $0.00 $1,701.74 $303,974.02
237 $303,974.02 $1,300.58 $0.00 $1,718.71 $306,993.31
238 $306,993.31 $1,300.58 $0.00 $1,735.78 $310,029.67
239 $310,029.67 $1,300.58 $0.00 $1,752.95 $313,083.20
240 $313,083.20 $1,300.58 $0.00 $1,770.22 $316,154.00
241 $316,154.00 $1,300.58 $168,107.64 $1,787.58 $151,134.52
242 $151,134.52 $1,300.58 $0.00 $854.54 $153,289.64
243 $153,289.64 $1,300.58 $0.00 $866.72 $155,456.94
244 $155,456.94 $1,300.58 $0.00 $878.98 $157,636.50
245 $157,636.50 $1,300.58 $0.00 $891.30 $159,828.38
246 $159,828.38 $1,300.58 $0.00 $903.69 $162,032.65
247 $162,032.65 $1,300.58 $0.00 $916.16 $164,249.39
248 $164,249.39 $1,300.58 $0.00 $928.69 $166,478.66
249 $166,478.66 $1,300.58 $0.00 $941.29 $168,720.53
250 $168,720.53 $1,300.58 $0.00 $953.97 $170,975.08
251 $170,975.08 $1,300.58 $0.00 $966.72 $173,242.38
252 $173,242.38 $1,300.58 $0.00 $979.54 $175,522.50
253 $175,522.50 $0.00 $176,513.02 $992.43 $1.91