Savings Plan and Future Cost Estimation for Caldwell College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$143,819
Monthly savings required$1,138

How much will it cost to send your child to Caldwell College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $575,277.14 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,138.45 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$55,460.00
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 $1,138.45 $0.00 $0.00 $1,138.45
2 $1,138.45 $1,138.45 $0.00 $6.44 $2,283.34
3 $2,283.34 $1,138.45 $0.00 $12.91 $3,434.70
4 $3,434.70 $1,138.45 $0.00 $19.42 $4,592.57
5 $4,592.57 $1,138.45 $0.00 $25.97 $5,756.99
6 $5,756.99 $1,138.45 $0.00 $32.55 $6,927.99
7 $6,927.99 $1,138.45 $0.00 $39.17 $8,105.61
8 $8,105.61 $1,138.45 $0.00 $45.83 $9,289.89
9 $9,289.89 $1,138.45 $0.00 $52.53 $10,480.87
10 $10,480.87 $1,138.45 $0.00 $59.26 $11,678.58
11 $11,678.58 $1,138.45 $0.00 $66.03 $12,883.06
12 $12,883.06 $1,138.45 $0.00 $72.84 $14,094.35
13 $14,094.35 $1,138.45 $0.00 $79.69 $15,312.49
14 $15,312.49 $1,138.45 $0.00 $86.58 $16,537.52
15 $16,537.52 $1,138.45 $0.00 $93.51 $17,769.48
16 $17,769.48 $1,138.45 $0.00 $100.47 $19,008.40
17 $19,008.40 $1,138.45 $0.00 $107.48 $20,254.33
18 $20,254.33 $1,138.45 $0.00 $114.52 $21,507.30
19 $21,507.30 $1,138.45 $0.00 $121.61 $22,767.36
20 $22,767.36 $1,138.45 $0.00 $128.73 $24,034.54
21 $24,034.54 $1,138.45 $0.00 $135.89 $25,308.88
22 $25,308.88 $1,138.45 $0.00 $143.10 $26,590.43
23 $26,590.43 $1,138.45 $0.00 $150.35 $27,879.23
24 $27,879.23 $1,138.45 $0.00 $157.63 $29,175.31
25 $29,175.31 $1,138.45 $0.00 $164.96 $30,478.72
26 $30,478.72 $1,138.45 $0.00 $172.33 $31,789.50
27 $31,789.50 $1,138.45 $0.00 $179.74 $33,107.69
28 $33,107.69 $1,138.45 $0.00 $187.20 $34,433.34
29 $34,433.34 $1,138.45 $0.00 $194.69 $35,766.48
30 $35,766.48 $1,138.45 $0.00 $202.23 $37,107.16
31 $37,107.16 $1,138.45 $0.00 $209.81 $38,455.42
32 $38,455.42 $1,138.45 $0.00 $217.43 $39,811.30
33 $39,811.30 $1,138.45 $0.00 $225.10 $41,174.85
34 $41,174.85 $1,138.45 $0.00 $232.81 $42,546.11
35 $42,546.11 $1,138.45 $0.00 $240.56 $43,925.12
36 $43,925.12 $1,138.45 $0.00 $248.36 $45,311.93
37 $45,311.93 $1,138.45 $0.00 $256.20 $46,706.58
38 $46,706.58 $1,138.45 $0.00 $264.09 $48,109.12
39 $48,109.12 $1,138.45 $0.00 $272.02 $49,519.59
40 $49,519.59 $1,138.45 $0.00 $279.99 $50,938.03
41 $50,938.03 $1,138.45 $0.00 $288.01 $52,364.49
42 $52,364.49 $1,138.45 $0.00 $296.08 $53,799.02
43 $53,799.02 $1,138.45 $0.00 $304.19 $55,241.66
44 $55,241.66 $1,138.45 $0.00 $312.34 $56,692.45
45 $56,692.45 $1,138.45 $0.00 $320.55 $58,151.45
46 $58,151.45 $1,138.45 $0.00 $328.80 $59,618.70
47 $59,618.70 $1,138.45 $0.00 $337.09 $61,094.24
48 $61,094.24 $1,138.45 $0.00 $345.44 $62,578.13
49 $62,578.13 $1,138.45 $0.00 $353.83 $64,070.41
50 $64,070.41 $1,138.45 $0.00 $362.26 $65,571.12
51 $65,571.12 $1,138.45 $0.00 $370.75 $67,080.32
52 $67,080.32 $1,138.45 $0.00 $379.28 $68,598.05
53 $68,598.05 $1,138.45 $0.00 $387.86 $70,124.36
54 $70,124.36 $1,138.45 $0.00 $396.49 $71,659.30
55 $71,659.30 $1,138.45 $0.00 $405.17 $73,202.92
56 $73,202.92 $1,138.45 $0.00 $413.90 $74,755.27
57 $74,755.27 $1,138.45 $0.00 $422.68 $76,316.40
58 $76,316.40 $1,138.45 $0.00 $431.50 $77,886.35
59 $77,886.35 $1,138.45 $0.00 $440.38 $79,465.18
60 $79,465.18 $1,138.45 $0.00 $449.31 $81,052.94
61 $81,052.94 $1,138.45 $0.00 $458.29 $82,649.68
62 $82,649.68 $1,138.45 $0.00 $467.31 $84,255.44
63 $84,255.44 $1,138.45 $0.00 $476.39 $85,870.28
64 $85,870.28 $1,138.45 $0.00 $485.52 $87,494.25
65 $87,494.25 $1,138.45 $0.00 $494.71 $89,127.41
66 $89,127.41 $1,138.45 $0.00 $503.94 $90,769.80
67 $90,769.80 $1,138.45 $0.00 $513.23 $92,421.48
68 $92,421.48 $1,138.45 $0.00 $522.56 $94,082.49
69 $94,082.49 $1,138.45 $0.00 $531.96 $95,752.90
70 $95,752.90 $1,138.45 $0.00 $541.40 $97,432.75
71 $97,432.75 $1,138.45 $0.00 $550.90 $99,122.10
72 $99,122.10 $1,138.45 $0.00 $560.45 $100,821.00
73 $100,821.00 $1,138.45 $0.00 $570.06 $102,529.51
74 $102,529.51 $1,138.45 $0.00 $579.72 $104,247.68
75 $104,247.68 $1,138.45 $0.00 $589.43 $105,975.56
76 $105,975.56 $1,138.45 $0.00 $599.20 $107,713.21
77 $107,713.21 $1,138.45 $0.00 $609.03 $109,460.69
78 $109,460.69 $1,138.45 $0.00 $618.91 $111,218.05
79 $111,218.05 $1,138.45 $0.00 $628.84 $112,985.34
80 $112,985.34 $1,138.45 $0.00 $638.84 $114,762.63
81 $114,762.63 $1,138.45 $0.00 $648.88 $116,549.96
82 $116,549.96 $1,138.45 $0.00 $658.99 $118,347.40
83 $118,347.40 $1,138.45 $0.00 $669.15 $120,155.00
84 $120,155.00 $1,138.45 $0.00 $679.37 $121,972.82
85 $121,972.82 $1,138.45 $0.00 $689.65 $123,800.92
86 $123,800.92 $1,138.45 $0.00 $699.99 $125,639.36
87 $125,639.36 $1,138.45 $0.00 $710.38 $127,488.19
88 $127,488.19 $1,138.45 $0.00 $720.84 $129,347.48
89 $129,347.48 $1,138.45 $0.00 $731.35 $131,217.28
90 $131,217.28 $1,138.45 $0.00 $741.92 $133,097.65
91 $133,097.65 $1,138.45 $0.00 $752.55 $134,988.65
92 $134,988.65 $1,138.45 $0.00 $763.25 $136,890.35
93 $136,890.35 $1,138.45 $0.00 $774.00 $138,802.80
94 $138,802.80 $1,138.45 $0.00 $784.81 $140,726.06
95 $140,726.06 $1,138.45 $0.00 $795.69 $142,660.20
96 $142,660.20 $1,138.45 $0.00 $806.62 $144,605.27
97 $144,605.27 $1,138.45 $0.00 $817.62 $146,561.34
98 $146,561.34 $1,138.45 $0.00 $828.68 $148,528.47
99 $148,528.47 $1,138.45 $0.00 $839.80 $150,506.72
100 $150,506.72 $1,138.45 $0.00 $850.99 $152,496.16
101 $152,496.16 $1,138.45 $0.00 $862.24 $154,496.85
102 $154,496.85 $1,138.45 $0.00 $873.55 $156,508.85
103 $156,508.85 $1,138.45 $0.00 $884.92 $158,532.22
104 $158,532.22 $1,138.45 $0.00 $896.36 $160,567.03
105 $160,567.03 $1,138.45 $0.00 $907.87 $162,613.35
106 $162,613.35 $1,138.45 $0.00 $919.44 $164,671.24
107 $164,671.24 $1,138.45 $0.00 $931.08 $166,740.77
108 $166,740.77 $1,138.45 $0.00 $942.78 $168,822.00
109 $168,822.00 $1,138.45 $0.00 $954.54 $170,914.99
110 $170,914.99 $1,138.45 $0.00 $966.38 $173,019.82
111 $173,019.82 $1,138.45 $0.00 $978.28 $175,136.55
112 $175,136.55 $1,138.45 $0.00 $990.25 $177,265.25
113 $177,265.25 $1,138.45 $0.00 $1,002.28 $179,405.98
114 $179,405.98 $1,138.45 $0.00 $1,014.39 $181,558.82
115 $181,558.82 $1,138.45 $0.00 $1,026.56 $183,723.83
116 $183,723.83 $1,138.45 $0.00 $1,038.80 $185,901.08
117 $185,901.08 $1,138.45 $0.00 $1,051.11 $188,090.64
118 $188,090.64 $1,138.45 $0.00 $1,063.49 $190,292.58
119 $190,292.58 $1,138.45 $0.00 $1,075.94 $192,506.97
120 $192,506.97 $1,138.45 $0.00 $1,088.46 $194,733.88
121 $194,733.88 $1,138.45 $0.00 $1,101.05 $196,973.38
122 $196,973.38 $1,138.45 $0.00 $1,113.72 $199,225.55
123 $199,225.55 $1,138.45 $0.00 $1,126.45 $201,490.45
124 $201,490.45 $1,138.45 $0.00 $1,139.26 $203,768.16
125 $203,768.16 $1,138.45 $0.00 $1,152.13 $206,058.74
126 $206,058.74 $1,138.45 $0.00 $1,165.09 $208,362.28
127 $208,362.28 $1,138.45 $0.00 $1,178.11 $210,678.84
128 $210,678.84 $1,138.45 $0.00 $1,191.21 $213,008.50
129 $213,008.50 $1,138.45 $0.00 $1,204.38 $215,351.33
130 $215,351.33 $1,138.45 $0.00 $1,217.63 $217,707.41
131 $217,707.41 $1,138.45 $0.00 $1,230.95 $220,076.81
132 $220,076.81 $1,138.45 $0.00 $1,244.35 $222,459.61
133 $222,459.61 $1,138.45 $0.00 $1,257.82 $224,855.88
134 $224,855.88 $1,138.45 $0.00 $1,271.37 $227,265.70
135 $227,265.70 $1,138.45 $0.00 $1,284.99 $229,689.14
136 $229,689.14 $1,138.45 $0.00 $1,298.70 $232,126.29
137 $232,126.29 $1,138.45 $0.00 $1,312.48 $234,577.22
138 $234,577.22 $1,138.45 $0.00 $1,326.33 $237,042.00
139 $237,042.00 $1,138.45 $0.00 $1,340.27 $239,520.72
140 $239,520.72 $1,138.45 $0.00 $1,354.28 $242,013.45
141 $242,013.45 $1,138.45 $0.00 $1,368.38 $244,520.28
142 $244,520.28 $1,138.45 $0.00 $1,382.55 $247,041.28
143 $247,041.28 $1,138.45 $0.00 $1,396.81 $249,576.54
144 $249,576.54 $1,138.45 $0.00 $1,411.14 $252,126.13
145 $252,126.13 $1,138.45 $0.00 $1,425.56 $254,690.14
146 $254,690.14 $1,138.45 $0.00 $1,440.06 $257,268.65
147 $257,268.65 $1,138.45 $0.00 $1,454.63 $259,861.73
148 $259,861.73 $1,138.45 $0.00 $1,469.30 $262,469.48
149 $262,469.48 $1,138.45 $0.00 $1,484.04 $265,091.97
150 $265,091.97 $1,138.45 $0.00 $1,498.87 $267,729.29
151 $267,729.29 $1,138.45 $0.00 $1,513.78 $270,381.52
152 $270,381.52 $1,138.45 $0.00 $1,528.78 $273,048.75
153 $273,048.75 $1,138.45 $0.00 $1,543.86 $275,731.06
154 $275,731.06 $1,138.45 $0.00 $1,559.02 $278,428.53
155 $278,428.53 $1,138.45 $0.00 $1,574.28 $281,141.26
156 $281,141.26 $1,138.45 $0.00 $1,589.61 $283,869.32
157 $283,869.32 $1,138.45 $0.00 $1,605.04 $286,612.81
158 $286,612.81 $1,138.45 $0.00 $1,620.55 $289,371.81
159 $289,371.81 $1,138.45 $0.00 $1,636.15 $292,146.41
160 $292,146.41 $1,138.45 $0.00 $1,651.84 $294,936.70
161 $294,936.70 $1,138.45 $0.00 $1,667.61 $297,742.76
162 $297,742.76 $1,138.45 $0.00 $1,683.48 $300,564.69
163 $300,564.69 $1,138.45 $0.00 $1,699.44 $303,402.58
164 $303,402.58 $1,138.45 $0.00 $1,715.48 $306,256.51
165 $306,256.51 $1,138.45 $0.00 $1,731.62 $309,126.58
166 $309,126.58 $1,138.45 $0.00 $1,747.85 $312,012.88
167 $312,012.88 $1,138.45 $0.00 $1,764.17 $314,915.50
168 $314,915.50 $1,138.45 $0.00 $1,780.58 $317,834.53
169 $317,834.53 $1,138.45 $0.00 $1,797.08 $320,770.06
170 $320,770.06 $1,138.45 $0.00 $1,813.68 $323,722.19
171 $323,722.19 $1,138.45 $0.00 $1,830.37 $326,691.01
172 $326,691.01 $1,138.45 $0.00 $1,847.16 $329,676.62
173 $329,676.62 $1,138.45 $0.00 $1,864.04 $332,679.11
174 $332,679.11 $1,138.45 $0.00 $1,881.02 $335,698.58
175 $335,698.58 $1,138.45 $0.00 $1,898.09 $338,735.12
176 $338,735.12 $1,138.45 $0.00 $1,915.26 $341,788.83
177 $341,788.83 $1,138.45 $0.00 $1,932.52 $344,859.80
178 $344,859.80 $1,138.45 $0.00 $1,949.89 $347,948.14
179 $347,948.14 $1,138.45 $0.00 $1,967.35 $351,053.94
180 $351,053.94 $1,138.45 $0.00 $1,984.91 $354,177.30
181 $354,177.30 $1,138.45 $0.00 $2,002.57 $357,318.32
182 $357,318.32 $1,138.45 $0.00 $2,020.33 $360,477.10
183 $360,477.10 $1,138.45 $0.00 $2,038.19 $363,653.74
184 $363,653.74 $1,138.45 $0.00 $2,056.15 $366,848.34
185 $366,848.34 $1,138.45 $0.00 $2,074.21 $370,061.00
186 $370,061.00 $1,138.45 $0.00 $2,092.38 $373,291.83
187 $373,291.83 $1,138.45 $0.00 $2,110.65 $376,540.93
188 $376,540.93 $1,138.45 $0.00 $2,129.02 $379,808.40
189 $379,808.40 $1,138.45 $0.00 $2,147.49 $383,094.34
190 $383,094.34 $1,138.45 $0.00 $2,166.07 $386,398.86
191 $386,398.86 $1,138.45 $0.00 $2,184.76 $389,722.07
192 $389,722.07 $1,138.45 $0.00 $2,203.55 $393,064.07
193 $393,064.07 $1,138.45 $0.00 $2,222.44 $396,424.96
194 $396,424.96 $1,138.45 $0.00 $2,241.44 $399,804.85
195 $399,804.85 $1,138.45 $0.00 $2,260.55 $403,203.85
196 $403,203.85 $1,138.45 $0.00 $2,279.77 $406,622.07
197 $406,622.07 $1,138.45 $0.00 $2,299.10 $410,059.62
198 $410,059.62 $1,138.45 $0.00 $2,318.54 $413,516.61
199 $413,516.61 $1,138.45 $0.00 $2,338.08 $416,993.14
200 $416,993.14 $1,138.45 $0.00 $2,357.74 $420,489.33
201 $420,489.33 $1,138.45 $0.00 $2,377.51 $424,005.29
202 $424,005.29 $1,138.45 $0.00 $2,397.39 $427,541.13
203 $427,541.13 $1,138.45 $0.00 $2,417.38 $431,096.96
204 $431,096.96 $1,138.45 $0.00 $2,437.48 $434,672.89
205 $434,672.89 $1,138.45 $0.00 $2,457.70 $438,269.04
206 $438,269.04 $1,138.45 $0.00 $2,478.04 $441,885.53
207 $441,885.53 $1,138.45 $0.00 $2,498.49 $445,522.47
208 $445,522.47 $1,138.45 $0.00 $2,519.05 $449,179.97
209 $449,179.97 $1,138.45 $0.00 $2,539.73 $452,858.15
210 $452,858.15 $1,138.45 $0.00 $2,560.53 $456,557.13
211 $456,557.13 $1,138.45 $0.00 $2,581.44 $460,277.02
212 $460,277.02 $1,138.45 $0.00 $2,602.47 $464,017.94
213 $464,017.94 $1,138.45 $0.00 $2,623.62 $467,780.01
214 $467,780.01 $1,138.45 $0.00 $2,644.90 $471,563.36
215 $471,563.36 $1,138.45 $0.00 $2,666.29 $475,368.10
216 $475,368.10 $1,138.45 $0.00 $2,687.80 $479,194.35
217 $479,194.35 $1,138.45 $133,471.10 $2,709.43 $349,571.13
218 $349,571.13 $1,138.45 $0.00 $1,976.53 $352,686.11
219 $352,686.11 $1,138.45 $0.00 $1,994.14 $355,818.70
220 $355,818.70 $1,138.45 $0.00 $2,011.85 $358,969.00
221 $358,969.00 $1,138.45 $0.00 $2,029.66 $362,137.11
222 $362,137.11 $1,138.45 $0.00 $2,047.58 $365,323.14
223 $365,323.14 $1,138.45 $0.00 $2,065.59 $368,527.18
224 $368,527.18 $1,138.45 $0.00 $2,083.71 $371,749.34
225 $371,749.34 $1,138.45 $0.00 $2,101.92 $374,989.71
226 $374,989.71 $1,138.45 $0.00 $2,120.25 $378,248.41
227 $378,248.41 $1,138.45 $0.00 $2,138.67 $381,525.53
228 $381,525.53 $1,138.45 $0.00 $2,157.20 $384,821.18
229 $384,821.18 $1,138.45 $140,144.66 $2,175.83 $247,990.80
230 $247,990.80 $1,138.45 $0.00 $1,402.18 $250,531.43
231 $250,531.43 $1,138.45 $0.00 $1,416.54 $253,086.42
232 $253,086.42 $1,138.45 $0.00 $1,430.99 $255,655.86
233 $255,655.86 $1,138.45 $0.00 $1,445.52 $258,239.83
234 $258,239.83 $1,138.45 $0.00 $1,460.13 $260,838.41
235 $260,838.41 $1,138.45 $0.00 $1,474.82 $263,451.68
236 $263,451.68 $1,138.45 $0.00 $1,489.59 $266,079.72
237 $266,079.72 $1,138.45 $0.00 $1,504.45 $268,722.62
238 $268,722.62 $1,138.45 $0.00 $1,519.40 $271,380.47
239 $271,380.47 $1,138.45 $0.00 $1,534.42 $274,053.34
240 $274,053.34 $1,138.45 $0.00 $1,549.54 $276,741.33
241 $276,741.33 $1,138.45 $147,151.89 $1,564.74 $132,292.63
242 $132,292.63 $1,138.45 $0.00 $748.00 $134,179.08
243 $134,179.08 $1,138.45 $0.00 $758.67 $136,076.20
244 $136,076.20 $1,138.45 $0.00 $769.39 $137,984.04
245 $137,984.04 $1,138.45 $0.00 $780.18 $139,902.67
246 $139,902.67 $1,138.45 $0.00 $791.03 $141,832.15
247 $141,832.15 $1,138.45 $0.00 $801.94 $143,772.54
248 $143,772.54 $1,138.45 $0.00 $812.91 $145,723.90
249 $145,723.90 $1,138.45 $0.00 $823.94 $147,686.29
250 $147,686.29 $1,138.45 $0.00 $835.04 $149,659.78
251 $149,659.78 $1,138.45 $0.00 $846.20 $151,644.43
252 $151,644.43 $1,138.45 $0.00 $857.42 $153,640.30
253 $153,640.30 $0.00 $154,509.49 $868.70 ($0.49)