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 2042$249,607
Monthly savings required$1,973

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 $998,426.21 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,972.70 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$66,532.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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Discover how much will you need to start saving now to afford Colby Sawyer College in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,972.70 $0.00 $0.00 $1,972.70
2 $1,972.70 $1,972.70 $0.00 $11.15 $3,956.55
3 $3,956.55 $1,972.70 $0.00 $22.37 $5,951.62
4 $5,951.62 $1,972.70 $0.00 $33.65 $7,957.97
5 $7,957.97 $1,972.70 $0.00 $45.00 $9,975.67
6 $9,975.67 $1,972.70 $0.00 $56.40 $12,004.77
7 $12,004.77 $1,972.70 $0.00 $67.88 $14,045.35
8 $14,045.35 $1,972.70 $0.00 $79.41 $16,097.46
9 $16,097.46 $1,972.70 $0.00 $91.02 $18,161.18
10 $18,161.18 $1,972.70 $0.00 $102.69 $20,236.57
11 $20,236.57 $1,972.70 $0.00 $114.42 $22,323.69
12 $22,323.69 $1,972.70 $0.00 $126.22 $24,422.61
13 $24,422.61 $1,972.70 $0.00 $138.09 $26,533.40
14 $26,533.40 $1,972.70 $0.00 $150.02 $28,656.12
15 $28,656.12 $1,972.70 $0.00 $162.03 $30,790.85
16 $30,790.85 $1,972.70 $0.00 $174.10 $32,937.65
17 $32,937.65 $1,972.70 $0.00 $186.23 $35,096.58
18 $35,096.58 $1,972.70 $0.00 $198.44 $37,267.72
19 $37,267.72 $1,972.70 $0.00 $210.72 $39,451.14
20 $39,451.14 $1,972.70 $0.00 $223.06 $41,646.90
21 $41,646.90 $1,972.70 $0.00 $235.48 $43,855.08
22 $43,855.08 $1,972.70 $0.00 $247.96 $46,075.74
23 $46,075.74 $1,972.70 $0.00 $260.52 $48,308.96
24 $48,308.96 $1,972.70 $0.00 $273.15 $50,554.81
25 $50,554.81 $1,972.70 $0.00 $285.84 $52,813.35
26 $52,813.35 $1,972.70 $0.00 $298.61 $55,084.66
27 $55,084.66 $1,972.70 $0.00 $311.46 $57,368.82
28 $57,368.82 $1,972.70 $0.00 $324.37 $59,665.89
29 $59,665.89 $1,972.70 $0.00 $337.36 $61,975.95
30 $61,975.95 $1,972.70 $0.00 $350.42 $64,299.07
31 $64,299.07 $1,972.70 $0.00 $363.56 $66,635.33
32 $66,635.33 $1,972.70 $0.00 $376.77 $68,984.80
33 $68,984.80 $1,972.70 $0.00 $390.05 $71,347.55
34 $71,347.55 $1,972.70 $0.00 $403.41 $73,723.66
35 $73,723.66 $1,972.70 $0.00 $416.84 $76,113.20
36 $76,113.20 $1,972.70 $0.00 $430.36 $78,516.26
37 $78,516.26 $1,972.70 $0.00 $443.94 $80,932.90
38 $80,932.90 $1,972.70 $0.00 $457.61 $83,363.21
39 $83,363.21 $1,972.70 $0.00 $471.35 $85,807.26
40 $85,807.26 $1,972.70 $0.00 $485.17 $88,265.13
41 $88,265.13 $1,972.70 $0.00 $499.06 $90,736.89
42 $90,736.89 $1,972.70 $0.00 $513.04 $93,222.63
43 $93,222.63 $1,972.70 $0.00 $527.09 $95,722.42
44 $95,722.42 $1,972.70 $0.00 $541.23 $98,236.35
45 $98,236.35 $1,972.70 $0.00 $555.44 $100,764.49
46 $100,764.49 $1,972.70 $0.00 $569.74 $103,306.93
47 $103,306.93 $1,972.70 $0.00 $584.11 $105,863.74
48 $105,863.74 $1,972.70 $0.00 $598.57 $108,435.01
49 $108,435.01 $1,972.70 $0.00 $613.11 $111,020.82
50 $111,020.82 $1,972.70 $0.00 $627.73 $113,621.25
51 $113,621.25 $1,972.70 $0.00 $642.43 $116,236.38
52 $116,236.38 $1,972.70 $0.00 $657.22 $118,866.30
53 $118,866.30 $1,972.70 $0.00 $672.09 $121,511.09
54 $121,511.09 $1,972.70 $0.00 $687.04 $124,170.83
55 $124,170.83 $1,972.70 $0.00 $702.08 $126,845.61
56 $126,845.61 $1,972.70 $0.00 $717.20 $129,535.51
57 $129,535.51 $1,972.70 $0.00 $732.41 $132,240.62
58 $132,240.62 $1,972.70 $0.00 $747.71 $134,961.03
59 $134,961.03 $1,972.70 $0.00 $763.09 $137,696.82
60 $137,696.82 $1,972.70 $0.00 $778.56 $140,448.08
61 $140,448.08 $1,972.70 $0.00 $794.11 $143,214.89
62 $143,214.89 $1,972.70 $0.00 $809.76 $145,997.35
63 $145,997.35 $1,972.70 $0.00 $825.49 $148,795.54
64 $148,795.54 $1,972.70 $0.00 $841.31 $151,609.55
65 $151,609.55 $1,972.70 $0.00 $857.22 $154,439.47
66 $154,439.47 $1,972.70 $0.00 $873.22 $157,285.39
67 $157,285.39 $1,972.70 $0.00 $889.31 $160,147.40
68 $160,147.40 $1,972.70 $0.00 $905.50 $163,025.60
69 $163,025.60 $1,972.70 $0.00 $921.77 $165,920.07
70 $165,920.07 $1,972.70 $0.00 $938.14 $168,830.91
71 $168,830.91 $1,972.70 $0.00 $954.59 $171,758.20
72 $171,758.20 $1,972.70 $0.00 $971.15 $174,702.05
73 $174,702.05 $1,972.70 $0.00 $987.79 $177,662.54
74 $177,662.54 $1,972.70 $0.00 $1,004.53 $180,639.77
75 $180,639.77 $1,972.70 $0.00 $1,021.36 $183,633.83
76 $183,633.83 $1,972.70 $0.00 $1,038.29 $186,644.82
77 $186,644.82 $1,972.70 $0.00 $1,055.32 $189,672.84
78 $189,672.84 $1,972.70 $0.00 $1,072.44 $192,717.98
79 $192,717.98 $1,972.70 $0.00 $1,089.66 $195,780.34
80 $195,780.34 $1,972.70 $0.00 $1,106.97 $198,860.01
81 $198,860.01 $1,972.70 $0.00 $1,124.38 $201,957.09
82 $201,957.09 $1,972.70 $0.00 $1,141.89 $205,071.68
83 $205,071.68 $1,972.70 $0.00 $1,159.51 $208,203.89
84 $208,203.89 $1,972.70 $0.00 $1,177.22 $211,353.81
85 $211,353.81 $1,972.70 $0.00 $1,195.03 $214,521.54
86 $214,521.54 $1,972.70 $0.00 $1,212.94 $217,707.18
87 $217,707.18 $1,972.70 $0.00 $1,230.95 $220,910.83
88 $220,910.83 $1,972.70 $0.00 $1,249.06 $224,132.59
89 $224,132.59 $1,972.70 $0.00 $1,267.28 $227,372.57
90 $227,372.57 $1,972.70 $0.00 $1,285.60 $230,630.87
91 $230,630.87 $1,972.70 $0.00 $1,304.02 $233,907.59
92 $233,907.59 $1,972.70 $0.00 $1,322.55 $237,202.84
93 $237,202.84 $1,972.70 $0.00 $1,341.18 $240,516.72
94 $240,516.72 $1,972.70 $0.00 $1,359.92 $243,849.34
95 $243,849.34 $1,972.70 $0.00 $1,378.76 $247,200.80
96 $247,200.80 $1,972.70 $0.00 $1,397.71 $250,571.21
97 $250,571.21 $1,972.70 $0.00 $1,416.77 $253,960.68
98 $253,960.68 $1,972.70 $0.00 $1,435.93 $257,369.31
99 $257,369.31 $1,972.70 $0.00 $1,455.20 $260,797.21
100 $260,797.21 $1,972.70 $0.00 $1,474.59 $264,244.50
101 $264,244.50 $1,972.70 $0.00 $1,494.08 $267,711.28
102 $267,711.28 $1,972.70 $0.00 $1,513.68 $271,197.66
103 $271,197.66 $1,972.70 $0.00 $1,533.39 $274,703.75
104 $274,703.75 $1,972.70 $0.00 $1,553.21 $278,229.66
105 $278,229.66 $1,972.70 $0.00 $1,573.15 $281,775.51
106 $281,775.51 $1,972.70 $0.00 $1,593.20 $285,341.41
107 $285,341.41 $1,972.70 $0.00 $1,613.36 $288,927.47
108 $288,927.47 $1,972.70 $0.00 $1,633.64 $292,533.81
109 $292,533.81 $1,972.70 $0.00 $1,654.03 $296,160.54
110 $296,160.54 $1,972.70 $0.00 $1,674.53 $299,807.77
111 $299,807.77 $1,972.70 $0.00 $1,695.16 $303,475.63
112 $303,475.63 $1,972.70 $0.00 $1,715.90 $307,164.23
113 $307,164.23 $1,972.70 $0.00 $1,736.75 $310,873.68
114 $310,873.68 $1,972.70 $0.00 $1,757.72 $314,604.10
115 $314,604.10 $1,972.70 $0.00 $1,778.82 $318,355.62
116 $318,355.62 $1,972.70 $0.00 $1,800.03 $322,128.35
117 $322,128.35 $1,972.70 $0.00 $1,821.36 $325,922.41
118 $325,922.41 $1,972.70 $0.00 $1,842.81 $329,737.92
119 $329,737.92 $1,972.70 $0.00 $1,864.39 $333,575.01
120 $333,575.01 $1,972.70 $0.00 $1,886.08 $337,433.79
121 $337,433.79 $1,972.70 $0.00 $1,907.90 $341,314.39
122 $341,314.39 $1,972.70 $0.00 $1,929.84 $345,216.93
123 $345,216.93 $1,972.70 $0.00 $1,951.91 $349,141.54
124 $349,141.54 $1,972.70 $0.00 $1,974.10 $353,088.34
125 $353,088.34 $1,972.70 $0.00 $1,996.41 $357,057.45
126 $357,057.45 $1,972.70 $0.00 $2,018.85 $361,049.00
127 $361,049.00 $1,972.70 $0.00 $2,041.42 $365,063.12
128 $365,063.12 $1,972.70 $0.00 $2,064.12 $369,099.94
129 $369,099.94 $1,972.70 $0.00 $2,086.94 $373,159.58
130 $373,159.58 $1,972.70 $0.00 $2,109.90 $377,242.18
131 $377,242.18 $1,972.70 $0.00 $2,132.98 $381,347.86
132 $381,347.86 $1,972.70 $0.00 $2,156.20 $385,476.76
133 $385,476.76 $1,972.70 $0.00 $2,179.54 $389,629.00
134 $389,629.00 $1,972.70 $0.00 $2,203.02 $393,804.72
135 $393,804.72 $1,972.70 $0.00 $2,226.63 $398,004.05
136 $398,004.05 $1,972.70 $0.00 $2,250.37 $402,227.12
137 $402,227.12 $1,972.70 $0.00 $2,274.25 $406,474.07
138 $406,474.07 $1,972.70 $0.00 $2,298.26 $410,745.03
139 $410,745.03 $1,972.70 $0.00 $2,322.41 $415,040.14
140 $415,040.14 $1,972.70 $0.00 $2,346.70 $419,359.54
141 $419,359.54 $1,972.70 $0.00 $2,371.12 $423,703.36
142 $423,703.36 $1,972.70 $0.00 $2,395.68 $428,071.74
143 $428,071.74 $1,972.70 $0.00 $2,420.38 $432,464.82
144 $432,464.82 $1,972.70 $0.00 $2,445.22 $436,882.74
145 $436,882.74 $1,972.70 $0.00 $2,470.20 $441,325.64
146 $441,325.64 $1,972.70 $0.00 $2,495.32 $445,793.66
147 $445,793.66 $1,972.70 $0.00 $2,520.58 $450,286.94
148 $450,286.94 $1,972.70 $0.00 $2,545.99 $454,805.63
149 $454,805.63 $1,972.70 $0.00 $2,571.54 $459,349.87
150 $459,349.87 $1,972.70 $0.00 $2,597.23 $463,919.80
151 $463,919.80 $1,972.70 $0.00 $2,623.07 $468,515.57
152 $468,515.57 $1,972.70 $0.00 $2,649.06 $473,137.33
153 $473,137.33 $1,972.70 $0.00 $2,675.19 $477,785.22
154 $477,785.22 $1,972.70 $0.00 $2,701.47 $482,459.39
155 $482,459.39 $1,972.70 $0.00 $2,727.90 $487,159.99
156 $487,159.99 $1,972.70 $0.00 $2,754.47 $491,887.16
157 $491,887.16 $1,972.70 $0.00 $2,781.20 $496,641.06
158 $496,641.06 $1,972.70 $0.00 $2,808.08 $501,421.84
159 $501,421.84 $1,972.70 $0.00 $2,835.11 $506,229.65
160 $506,229.65 $1,972.70 $0.00 $2,862.30 $511,064.65
161 $511,064.65 $1,972.70 $0.00 $2,889.63 $515,926.98
162 $515,926.98 $1,972.70 $0.00 $2,917.13 $520,816.81
163 $520,816.81 $1,972.70 $0.00 $2,944.77 $525,734.28
164 $525,734.28 $1,972.70 $0.00 $2,972.58 $530,679.56
165 $530,679.56 $1,972.70 $0.00 $3,000.54 $535,652.80
166 $535,652.80 $1,972.70 $0.00 $3,028.66 $540,654.16
167 $540,654.16 $1,972.70 $0.00 $3,056.94 $545,683.80
168 $545,683.80 $1,972.70 $0.00 $3,085.38 $550,741.88
169 $550,741.88 $1,972.70 $0.00 $3,113.97 $555,828.55
170 $555,828.55 $1,972.70 $0.00 $3,142.74 $560,943.99
171 $560,943.99 $1,972.70 $0.00 $3,171.66 $566,088.35
172 $566,088.35 $1,972.70 $0.00 $3,200.75 $571,261.80
173 $571,261.80 $1,972.70 $0.00 $3,230.00 $576,464.50
174 $576,464.50 $1,972.70 $0.00 $3,259.41 $581,696.61
175 $581,696.61 $1,972.70 $0.00 $3,289.00 $586,958.31
176 $586,958.31 $1,972.70 $0.00 $3,318.75 $592,249.76
177 $592,249.76 $1,972.70 $0.00 $3,348.67 $597,571.13
178 $597,571.13 $1,972.70 $0.00 $3,378.75 $602,922.58
179 $602,922.58 $1,972.70 $0.00 $3,409.01 $608,304.29
180 $608,304.29 $1,972.70 $0.00 $3,439.44 $613,716.43
181 $613,716.43 $1,972.70 $0.00 $3,470.04 $619,159.17
182 $619,159.17 $1,972.70 $0.00 $3,500.82 $624,632.69
183 $624,632.69 $1,972.70 $0.00 $3,531.76 $630,137.15
184 $630,137.15 $1,972.70 $0.00 $3,562.89 $635,672.74
185 $635,672.74 $1,972.70 $0.00 $3,594.19 $641,239.63
186 $641,239.63 $1,972.70 $0.00 $3,625.66 $646,837.99
187 $646,837.99 $1,972.70 $0.00 $3,657.32 $652,468.01
188 $652,468.01 $1,972.70 $0.00 $3,689.15 $658,129.86
189 $658,129.86 $1,972.70 $0.00 $3,721.16 $663,823.72
190 $663,823.72 $1,972.70 $0.00 $3,753.36 $669,549.78
191 $669,549.78 $1,972.70 $0.00 $3,785.73 $675,308.21
192 $675,308.21 $1,972.70 $0.00 $3,818.29 $681,099.20
193 $681,099.20 $1,972.70 $0.00 $3,851.03 $686,922.93
194 $686,922.93 $1,972.70 $0.00 $3,883.96 $692,779.59
195 $692,779.59 $1,972.70 $0.00 $3,917.08 $698,669.37
196 $698,669.37 $1,972.70 $0.00 $3,950.38 $704,592.45
197 $704,592.45 $1,972.70 $0.00 $3,983.87 $710,549.02
198 $710,549.02 $1,972.70 $0.00 $4,017.55 $716,539.27
199 $716,539.27 $1,972.70 $0.00 $4,051.42 $722,563.39
200 $722,563.39 $1,972.70 $0.00 $4,085.48 $728,621.57
201 $728,621.57 $1,972.70 $0.00 $4,119.73 $734,714.00
202 $734,714.00 $1,972.70 $0.00 $4,154.18 $740,840.88
203 $740,840.88 $1,972.70 $0.00 $4,188.82 $747,002.40
204 $747,002.40 $1,972.70 $0.00 $4,223.66 $753,198.76
205 $753,198.76 $1,972.70 $0.00 $4,258.70 $759,430.16
206 $759,430.16 $1,972.70 $0.00 $4,293.93 $765,696.79
207 $765,696.79 $1,972.70 $0.00 $4,329.36 $771,998.85
208 $771,998.85 $1,972.70 $0.00 $4,364.99 $778,336.54
209 $778,336.54 $1,972.70 $0.00 $4,400.83 $784,710.07
210 $784,710.07 $1,972.70 $0.00 $4,436.86 $791,119.63
211 $791,119.63 $1,972.70 $0.00 $4,473.11 $797,565.44
212 $797,565.44 $1,972.70 $0.00 $4,509.55 $804,047.69
213 $804,047.69 $1,972.70 $0.00 $4,546.20 $810,566.59
214 $810,566.59 $1,972.70 $0.00 $4,583.06 $817,122.35
215 $817,122.35 $1,972.70 $0.00 $4,620.13 $823,715.18
216 $823,715.18 $1,972.70 $0.00 $4,657.41 $830,345.29
217 $830,345.29 $1,972.70 $224,873.65 $4,694.89 $612,139.23
218 $612,139.23 $1,972.70 $0.00 $3,461.12 $617,573.05
219 $617,573.05 $1,972.70 $0.00 $3,491.85 $623,037.60
220 $623,037.60 $1,972.70 $0.00 $3,522.75 $628,533.05
221 $628,533.05 $1,972.70 $0.00 $3,553.82 $634,059.57
222 $634,059.57 $1,972.70 $0.00 $3,585.06 $639,617.33
223 $639,617.33 $1,972.70 $0.00 $3,616.49 $645,206.52
224 $645,206.52 $1,972.70 $0.00 $3,648.09 $650,827.31
225 $650,827.31 $1,972.70 $0.00 $3,679.87 $656,479.88
226 $656,479.88 $1,972.70 $0.00 $3,711.83 $662,164.41
227 $662,164.41 $1,972.70 $0.00 $3,743.97 $667,881.08
228 $667,881.08 $1,972.70 $0.00 $3,776.30 $673,630.08
229 $673,630.08 $1,972.70 $240,614.81 $3,808.80 $438,796.77
230 $438,796.77 $1,972.70 $0.00 $2,481.02 $443,250.49
231 $443,250.49 $1,972.70 $0.00 $2,506.20 $447,729.39
232 $447,729.39 $1,972.70 $0.00 $2,531.53 $452,233.62
233 $452,233.62 $1,972.70 $0.00 $2,556.99 $456,763.31
234 $456,763.31 $1,972.70 $0.00 $2,582.61 $461,318.62
235 $461,318.62 $1,972.70 $0.00 $2,608.36 $465,899.68
236 $465,899.68 $1,972.70 $0.00 $2,634.26 $470,506.64
237 $470,506.64 $1,972.70 $0.00 $2,660.31 $475,139.65
238 $475,139.65 $1,972.70 $0.00 $2,686.51 $479,798.86
239 $479,798.86 $1,972.70 $0.00 $2,712.85 $484,484.41
240 $484,484.41 $1,972.70 $0.00 $2,739.35 $489,196.46
241 $489,196.46 $1,972.70 $257,457.85 $2,765.99 $236,477.30
242 $236,477.30 $1,972.70 $0.00 $1,337.08 $239,787.08
243 $239,787.08 $1,972.70 $0.00 $1,355.79 $243,115.57
244 $243,115.57 $1,972.70 $0.00 $1,374.61 $246,462.88
245 $246,462.88 $1,972.70 $0.00 $1,393.54 $249,829.12
246 $249,829.12 $1,972.70 $0.00 $1,412.57 $253,214.39
247 $253,214.39 $1,972.70 $0.00 $1,431.71 $256,618.80
248 $256,618.80 $1,972.70 $0.00 $1,450.96 $260,042.46
249 $260,042.46 $1,972.70 $0.00 $1,470.32 $263,485.48
250 $263,485.48 $1,972.70 $0.00 $1,489.79 $266,947.97
251 $266,947.97 $1,972.70 $0.00 $1,509.36 $270,430.03
252 $270,430.03 $1,972.70 $0.00 $1,529.05 $273,931.78
253 $273,931.78 $0.00 $275,479.90 $1,548.85 $0.73