Savings Plan and Future Cost Estimation for Rivier College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$134,873
Monthly savings required$1,068

How much will it cost to send your child to Rivier College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $539,490.87 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,067.63 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$52,010.00
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 $1,067.63 $0.00 $0.00 $1,067.63
2 $1,067.63 $1,067.63 $0.00 $6.04 $2,141.30
3 $2,141.30 $1,067.63 $0.00 $12.11 $3,221.04
4 $3,221.04 $1,067.63 $0.00 $18.21 $4,306.88
5 $4,306.88 $1,067.63 $0.00 $24.35 $5,398.86
6 $5,398.86 $1,067.63 $0.00 $30.53 $6,497.02
7 $6,497.02 $1,067.63 $0.00 $36.74 $7,601.39
8 $7,601.39 $1,067.63 $0.00 $42.98 $8,712.00
9 $8,712.00 $1,067.63 $0.00 $49.26 $9,828.89
10 $9,828.89 $1,067.63 $0.00 $55.57 $10,952.09
11 $10,952.09 $1,067.63 $0.00 $61.92 $12,081.64
12 $12,081.64 $1,067.63 $0.00 $68.31 $13,217.58
13 $13,217.58 $1,067.63 $0.00 $74.73 $14,359.94
14 $14,359.94 $1,067.63 $0.00 $81.19 $15,508.76
15 $15,508.76 $1,067.63 $0.00 $87.69 $16,664.08
16 $16,664.08 $1,067.63 $0.00 $94.22 $17,825.93
17 $17,825.93 $1,067.63 $0.00 $100.79 $18,994.35
18 $18,994.35 $1,067.63 $0.00 $107.40 $20,169.38
19 $20,169.38 $1,067.63 $0.00 $114.04 $21,351.05
20 $21,351.05 $1,067.63 $0.00 $120.72 $22,539.40
21 $22,539.40 $1,067.63 $0.00 $127.44 $23,734.47
22 $23,734.47 $1,067.63 $0.00 $134.20 $24,936.30
23 $24,936.30 $1,067.63 $0.00 $140.99 $26,144.92
24 $26,144.92 $1,067.63 $0.00 $147.83 $27,360.38
25 $27,360.38 $1,067.63 $0.00 $154.70 $28,582.71
26 $28,582.71 $1,067.63 $0.00 $161.61 $29,811.95
27 $29,811.95 $1,067.63 $0.00 $168.56 $31,048.14
28 $31,048.14 $1,067.63 $0.00 $175.55 $32,291.32
29 $32,291.32 $1,067.63 $0.00 $182.58 $33,541.53
30 $33,541.53 $1,067.63 $0.00 $189.65 $34,798.81
31 $34,798.81 $1,067.63 $0.00 $196.76 $36,063.20
32 $36,063.20 $1,067.63 $0.00 $203.91 $37,334.74
33 $37,334.74 $1,067.63 $0.00 $211.10 $38,613.47
34 $38,613.47 $1,067.63 $0.00 $218.33 $39,899.43
35 $39,899.43 $1,067.63 $0.00 $225.60 $41,192.66
36 $41,192.66 $1,067.63 $0.00 $232.91 $42,493.20
37 $42,493.20 $1,067.63 $0.00 $240.26 $43,801.09
38 $43,801.09 $1,067.63 $0.00 $247.66 $45,116.38
39 $45,116.38 $1,067.63 $0.00 $255.09 $46,439.10
40 $46,439.10 $1,067.63 $0.00 $262.57 $47,769.30
41 $47,769.30 $1,067.63 $0.00 $270.09 $49,107.02
42 $49,107.02 $1,067.63 $0.00 $277.66 $50,452.31
43 $50,452.31 $1,067.63 $0.00 $285.26 $51,805.20
44 $51,805.20 $1,067.63 $0.00 $292.91 $53,165.74
45 $53,165.74 $1,067.63 $0.00 $300.61 $54,533.98
46 $54,533.98 $1,067.63 $0.00 $308.34 $55,909.95
47 $55,909.95 $1,067.63 $0.00 $316.12 $57,293.70
48 $57,293.70 $1,067.63 $0.00 $323.95 $58,685.28
49 $58,685.28 $1,067.63 $0.00 $331.82 $60,084.73
50 $60,084.73 $1,067.63 $0.00 $339.73 $61,492.09
51 $61,492.09 $1,067.63 $0.00 $347.69 $62,907.41
52 $62,907.41 $1,067.63 $0.00 $355.69 $64,330.73
53 $64,330.73 $1,067.63 $0.00 $363.74 $65,762.10
54 $65,762.10 $1,067.63 $0.00 $371.83 $67,201.56
55 $67,201.56 $1,067.63 $0.00 $379.97 $68,649.16
56 $68,649.16 $1,067.63 $0.00 $388.15 $70,104.94
57 $70,104.94 $1,067.63 $0.00 $396.38 $71,568.95
58 $71,568.95 $1,067.63 $0.00 $404.66 $73,041.24
59 $73,041.24 $1,067.63 $0.00 $412.99 $74,521.86
60 $74,521.86 $1,067.63 $0.00 $421.36 $76,010.85
61 $76,010.85 $1,067.63 $0.00 $429.78 $77,508.26
62 $77,508.26 $1,067.63 $0.00 $438.24 $79,014.13
63 $79,014.13 $1,067.63 $0.00 $446.76 $80,528.52
64 $80,528.52 $1,067.63 $0.00 $455.32 $82,051.47
65 $82,051.47 $1,067.63 $0.00 $463.93 $83,583.03
66 $83,583.03 $1,067.63 $0.00 $472.59 $85,123.25
67 $85,123.25 $1,067.63 $0.00 $481.30 $86,672.18
68 $86,672.18 $1,067.63 $0.00 $490.06 $88,229.87
69 $88,229.87 $1,067.63 $0.00 $498.86 $89,796.36
70 $89,796.36 $1,067.63 $0.00 $507.72 $91,371.71
71 $91,371.71 $1,067.63 $0.00 $516.63 $92,955.97
72 $92,955.97 $1,067.63 $0.00 $525.59 $94,549.19
73 $94,549.19 $1,067.63 $0.00 $534.59 $96,151.41
74 $96,151.41 $1,067.63 $0.00 $543.65 $97,762.69
75 $97,762.69 $1,067.63 $0.00 $552.76 $99,383.08
76 $99,383.08 $1,067.63 $0.00 $561.93 $101,012.64
77 $101,012.64 $1,067.63 $0.00 $571.14 $102,651.41
78 $102,651.41 $1,067.63 $0.00 $580.41 $104,299.45
79 $104,299.45 $1,067.63 $0.00 $589.72 $105,956.80
80 $105,956.80 $1,067.63 $0.00 $599.10 $107,623.53
81 $107,623.53 $1,067.63 $0.00 $608.52 $109,299.68
82 $109,299.68 $1,067.63 $0.00 $618.00 $110,985.31
83 $110,985.31 $1,067.63 $0.00 $627.53 $112,680.47
84 $112,680.47 $1,067.63 $0.00 $637.11 $114,385.21
85 $114,385.21 $1,067.63 $0.00 $646.75 $116,099.59
86 $116,099.59 $1,067.63 $0.00 $656.44 $117,823.66
87 $117,823.66 $1,067.63 $0.00 $666.19 $119,557.48
88 $119,557.48 $1,067.63 $0.00 $676.00 $121,301.11
89 $121,301.11 $1,067.63 $0.00 $685.85 $123,054.59
90 $123,054.59 $1,067.63 $0.00 $695.77 $124,817.99
91 $124,817.99 $1,067.63 $0.00 $705.74 $126,591.36
92 $126,591.36 $1,067.63 $0.00 $715.77 $128,374.76
93 $128,374.76 $1,067.63 $0.00 $725.85 $130,168.24
94 $130,168.24 $1,067.63 $0.00 $735.99 $131,971.86
95 $131,971.86 $1,067.63 $0.00 $746.19 $133,785.68
96 $133,785.68 $1,067.63 $0.00 $756.44 $135,609.75
97 $135,609.75 $1,067.63 $0.00 $766.76 $137,444.14
98 $137,444.14 $1,067.63 $0.00 $777.13 $139,288.90
99 $139,288.90 $1,067.63 $0.00 $787.56 $141,144.09
100 $141,144.09 $1,067.63 $0.00 $798.05 $143,009.77
101 $143,009.77 $1,067.63 $0.00 $808.60 $144,886.00
102 $144,886.00 $1,067.63 $0.00 $819.21 $146,772.84
103 $146,772.84 $1,067.63 $0.00 $829.87 $148,670.34
104 $148,670.34 $1,067.63 $0.00 $840.60 $150,578.57
105 $150,578.57 $1,067.63 $0.00 $851.39 $152,497.59
106 $152,497.59 $1,067.63 $0.00 $862.24 $154,427.46
107 $154,427.46 $1,067.63 $0.00 $873.16 $156,368.25
108 $156,368.25 $1,067.63 $0.00 $884.13 $158,320.01
109 $158,320.01 $1,067.63 $0.00 $895.16 $160,282.80
110 $160,282.80 $1,067.63 $0.00 $906.26 $162,256.69
111 $162,256.69 $1,067.63 $0.00 $917.42 $164,241.74
112 $164,241.74 $1,067.63 $0.00 $928.65 $166,238.02
113 $166,238.02 $1,067.63 $0.00 $939.93 $168,245.58
114 $168,245.58 $1,067.63 $0.00 $951.28 $170,264.49
115 $170,264.49 $1,067.63 $0.00 $962.70 $172,294.82
116 $172,294.82 $1,067.63 $0.00 $974.18 $174,336.63
117 $174,336.63 $1,067.63 $0.00 $985.72 $176,389.98
118 $176,389.98 $1,067.63 $0.00 $997.33 $178,454.94
119 $178,454.94 $1,067.63 $0.00 $1,009.01 $180,531.58
120 $180,531.58 $1,067.63 $0.00 $1,020.75 $182,619.96
121 $182,619.96 $1,067.63 $0.00 $1,032.56 $184,720.15
122 $184,720.15 $1,067.63 $0.00 $1,044.43 $186,832.21
123 $186,832.21 $1,067.63 $0.00 $1,056.38 $188,956.22
124 $188,956.22 $1,067.63 $0.00 $1,068.39 $191,092.24
125 $191,092.24 $1,067.63 $0.00 $1,080.46 $193,240.33
126 $193,240.33 $1,067.63 $0.00 $1,092.61 $195,400.57
127 $195,400.57 $1,067.63 $0.00 $1,104.82 $197,573.02
128 $197,573.02 $1,067.63 $0.00 $1,117.11 $199,757.76
129 $199,757.76 $1,067.63 $0.00 $1,129.46 $201,954.85
130 $201,954.85 $1,067.63 $0.00 $1,141.88 $204,164.36
131 $204,164.36 $1,067.63 $0.00 $1,154.37 $206,386.36
132 $206,386.36 $1,067.63 $0.00 $1,166.94 $208,620.93
133 $208,620.93 $1,067.63 $0.00 $1,179.57 $210,868.13
134 $210,868.13 $1,067.63 $0.00 $1,192.28 $213,128.04
135 $213,128.04 $1,067.63 $0.00 $1,205.06 $215,400.73
136 $215,400.73 $1,067.63 $0.00 $1,217.91 $217,686.27
137 $217,686.27 $1,067.63 $0.00 $1,230.83 $219,984.73
138 $219,984.73 $1,067.63 $0.00 $1,243.83 $222,296.19
139 $222,296.19 $1,067.63 $0.00 $1,256.89 $224,620.71
140 $224,620.71 $1,067.63 $0.00 $1,270.04 $226,958.38
141 $226,958.38 $1,067.63 $0.00 $1,283.26 $229,309.27
142 $229,309.27 $1,067.63 $0.00 $1,296.55 $231,673.45
143 $231,673.45 $1,067.63 $0.00 $1,309.92 $234,051.00
144 $234,051.00 $1,067.63 $0.00 $1,323.36 $236,441.99
145 $236,441.99 $1,067.63 $0.00 $1,336.88 $238,846.50
146 $238,846.50 $1,067.63 $0.00 $1,350.47 $241,264.60
147 $241,264.60 $1,067.63 $0.00 $1,364.15 $243,696.38
148 $243,696.38 $1,067.63 $0.00 $1,377.89 $246,141.90
149 $246,141.90 $1,067.63 $0.00 $1,391.72 $248,601.25
150 $248,601.25 $1,067.63 $0.00 $1,405.63 $251,074.51
151 $251,074.51 $1,067.63 $0.00 $1,419.61 $253,561.75
152 $253,561.75 $1,067.63 $0.00 $1,433.67 $256,063.05
153 $256,063.05 $1,067.63 $0.00 $1,447.82 $258,578.50
154 $258,578.50 $1,067.63 $0.00 $1,462.04 $261,108.17
155 $261,108.17 $1,067.63 $0.00 $1,476.34 $263,652.14
156 $263,652.14 $1,067.63 $0.00 $1,490.73 $266,210.50
157 $266,210.50 $1,067.63 $0.00 $1,505.19 $268,783.32
158 $268,783.32 $1,067.63 $0.00 $1,519.74 $271,370.69
159 $271,370.69 $1,067.63 $0.00 $1,534.37 $273,972.69
160 $273,972.69 $1,067.63 $0.00 $1,549.08 $276,589.40
161 $276,589.40 $1,067.63 $0.00 $1,563.88 $279,220.91
162 $279,220.91 $1,067.63 $0.00 $1,578.76 $281,867.30
163 $281,867.30 $1,067.63 $0.00 $1,593.72 $284,528.65
164 $284,528.65 $1,067.63 $0.00 $1,608.77 $287,205.05
165 $287,205.05 $1,067.63 $0.00 $1,623.90 $289,896.58
166 $289,896.58 $1,067.63 $0.00 $1,639.12 $292,603.33
167 $292,603.33 $1,067.63 $0.00 $1,654.42 $295,325.38
168 $295,325.38 $1,067.63 $0.00 $1,669.81 $298,062.82
169 $298,062.82 $1,067.63 $0.00 $1,685.29 $300,815.74
170 $300,815.74 $1,067.63 $0.00 $1,700.86 $303,584.23
171 $303,584.23 $1,067.63 $0.00 $1,716.51 $306,368.37
172 $306,368.37 $1,067.63 $0.00 $1,732.25 $309,168.25
173 $309,168.25 $1,067.63 $0.00 $1,748.08 $311,983.96
174 $311,983.96 $1,067.63 $0.00 $1,764.00 $314,815.59
175 $314,815.59 $1,067.63 $0.00 $1,780.01 $317,663.23
176 $317,663.23 $1,067.63 $0.00 $1,796.11 $320,526.97
177 $320,526.97 $1,067.63 $0.00 $1,812.31 $323,406.91
178 $323,406.91 $1,067.63 $0.00 $1,828.59 $326,303.13
179 $326,303.13 $1,067.63 $0.00 $1,844.97 $329,215.73
180 $329,215.73 $1,067.63 $0.00 $1,861.43 $332,144.79
181 $332,144.79 $1,067.63 $0.00 $1,877.99 $335,090.41
182 $335,090.41 $1,067.63 $0.00 $1,894.65 $338,052.69
183 $338,052.69 $1,067.63 $0.00 $1,911.40 $341,031.72
184 $341,031.72 $1,067.63 $0.00 $1,928.24 $344,027.59
185 $344,027.59 $1,067.63 $0.00 $1,945.18 $347,040.40
186 $347,040.40 $1,067.63 $0.00 $1,962.22 $350,070.25
187 $350,070.25 $1,067.63 $0.00 $1,979.35 $353,117.23
188 $353,117.23 $1,067.63 $0.00 $1,996.58 $356,181.44
189 $356,181.44 $1,067.63 $0.00 $2,013.90 $359,262.97
190 $359,262.97 $1,067.63 $0.00 $2,031.33 $362,361.93
191 $362,361.93 $1,067.63 $0.00 $2,048.85 $365,478.41
192 $365,478.41 $1,067.63 $0.00 $2,066.47 $368,612.51
193 $368,612.51 $1,067.63 $0.00 $2,084.19 $371,764.33
194 $371,764.33 $1,067.63 $0.00 $2,102.01 $374,933.97
195 $374,933.97 $1,067.63 $0.00 $2,119.93 $378,121.53
196 $378,121.53 $1,067.63 $0.00 $2,137.95 $381,327.11
197 $381,327.11 $1,067.63 $0.00 $2,156.08 $384,550.82
198 $384,550.82 $1,067.63 $0.00 $2,174.31 $387,792.76
199 $387,792.76 $1,067.63 $0.00 $2,192.64 $391,053.03
200 $391,053.03 $1,067.63 $0.00 $2,211.07 $394,331.73
201 $394,331.73 $1,067.63 $0.00 $2,229.61 $397,628.97
202 $397,628.97 $1,067.63 $0.00 $2,248.25 $400,944.85
203 $400,944.85 $1,067.63 $0.00 $2,267.00 $404,279.48
204 $404,279.48 $1,067.63 $0.00 $2,285.85 $407,632.96
205 $407,632.96 $1,067.63 $0.00 $2,304.82 $411,005.41
206 $411,005.41 $1,067.63 $0.00 $2,323.88 $414,396.92
207 $414,396.92 $1,067.63 $0.00 $2,343.06 $417,807.61
208 $417,807.61 $1,067.63 $0.00 $2,362.34 $421,237.58
209 $421,237.58 $1,067.63 $0.00 $2,381.74 $424,686.95
210 $424,686.95 $1,067.63 $0.00 $2,401.24 $428,155.82
211 $428,155.82 $1,067.63 $0.00 $2,420.86 $431,644.31
212 $431,644.31 $1,067.63 $0.00 $2,440.58 $435,152.52
213 $435,152.52 $1,067.63 $0.00 $2,460.42 $438,680.57
214 $438,680.57 $1,067.63 $0.00 $2,480.36 $442,228.56
215 $442,228.56 $1,067.63 $0.00 $2,500.42 $445,796.61
216 $445,796.61 $1,067.63 $0.00 $2,520.60 $449,384.84
217 $449,384.84 $1,067.63 $125,168.27 $2,540.89 $327,825.09
218 $327,825.09 $1,067.63 $0.00 $1,853.57 $330,746.29
219 $330,746.29 $1,067.63 $0.00 $1,870.09 $333,684.01
220 $333,684.01 $1,067.63 $0.00 $1,886.70 $336,638.34
221 $336,638.34 $1,067.63 $0.00 $1,903.40 $339,609.37
222 $339,609.37 $1,067.63 $0.00 $1,920.20 $342,597.20
223 $342,597.20 $1,067.63 $0.00 $1,937.09 $345,601.92
224 $345,601.92 $1,067.63 $0.00 $1,954.08 $348,623.63
225 $348,623.63 $1,067.63 $0.00 $1,971.17 $351,662.43
226 $351,662.43 $1,067.63 $0.00 $1,988.35 $354,718.41
227 $354,718.41 $1,067.63 $0.00 $2,005.63 $357,791.67
228 $357,791.67 $1,067.63 $0.00 $2,023.01 $360,882.31
229 $360,882.31 $1,067.63 $131,426.68 $2,040.48 $232,563.74
230 $232,563.74 $1,067.63 $0.00 $1,314.95 $234,946.32
231 $234,946.32 $1,067.63 $0.00 $1,328.42 $237,342.37
232 $237,342.37 $1,067.63 $0.00 $1,341.97 $239,751.97
233 $239,751.97 $1,067.63 $0.00 $1,355.59 $242,175.19
234 $242,175.19 $1,067.63 $0.00 $1,369.29 $244,612.11
235 $244,612.11 $1,067.63 $0.00 $1,383.07 $247,062.81
236 $247,062.81 $1,067.63 $0.00 $1,396.93 $249,527.37
237 $249,527.37 $1,067.63 $0.00 $1,410.86 $252,005.86
238 $252,005.86 $1,067.63 $0.00 $1,424.88 $254,498.37
239 $254,498.37 $1,067.63 $0.00 $1,438.97 $257,004.97
240 $257,004.97 $1,067.63 $0.00 $1,453.14 $259,525.74
241 $259,525.74 $1,067.63 $137,998.01 $1,467.40 $124,062.76
242 $124,062.76 $1,067.63 $0.00 $701.47 $125,831.86
243 $125,831.86 $1,067.63 $0.00 $711.47 $127,610.96
244 $127,610.96 $1,067.63 $0.00 $721.53 $129,400.12
245 $129,400.12 $1,067.63 $0.00 $731.65 $131,199.40
246 $131,199.40 $1,067.63 $0.00 $741.82 $133,008.85
247 $133,008.85 $1,067.63 $0.00 $752.05 $134,828.53
248 $134,828.53 $1,067.63 $0.00 $762.34 $136,658.50
249 $136,658.50 $1,067.63 $0.00 $772.69 $138,498.82
250 $138,498.82 $1,067.63 $0.00 $783.09 $140,349.54
251 $140,349.54 $1,067.63 $0.00 $793.56 $142,210.73
252 $142,210.73 $1,067.63 $0.00 $804.08 $144,082.44
253 $144,082.44 $0.00 $144,897.91 $814.66 ($0.81)