Savings Plan and Future Cost Estimation for Centenary College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$133,664
Monthly savings required$1,058

How much will it cost to send your child to Centenary College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $534,657.14 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,058.08 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$51,544.00
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 $1,058.08 $0.00 $0.00 $1,058.08
2 $1,058.08 $1,058.08 $0.00 $5.98 $2,122.14
3 $2,122.14 $1,058.08 $0.00 $12.00 $3,192.22
4 $3,192.22 $1,058.08 $0.00 $18.05 $4,268.35
5 $4,268.35 $1,058.08 $0.00 $24.13 $5,350.56
6 $5,350.56 $1,058.08 $0.00 $30.25 $6,438.89
7 $6,438.89 $1,058.08 $0.00 $36.41 $7,533.38
8 $7,533.38 $1,058.08 $0.00 $42.59 $8,634.05
9 $8,634.05 $1,058.08 $0.00 $48.82 $9,740.95
10 $9,740.95 $1,058.08 $0.00 $55.08 $10,854.11
11 $10,854.11 $1,058.08 $0.00 $61.37 $11,973.56
12 $11,973.56 $1,058.08 $0.00 $67.70 $13,099.34
13 $13,099.34 $1,058.08 $0.00 $74.07 $14,231.49
14 $14,231.49 $1,058.08 $0.00 $80.47 $15,370.04
15 $15,370.04 $1,058.08 $0.00 $86.90 $16,515.02
16 $16,515.02 $1,058.08 $0.00 $93.38 $17,666.48
17 $17,666.48 $1,058.08 $0.00 $99.89 $18,824.45
18 $18,824.45 $1,058.08 $0.00 $106.44 $19,988.97
19 $19,988.97 $1,058.08 $0.00 $113.02 $21,160.07
20 $21,160.07 $1,058.08 $0.00 $119.64 $22,337.79
21 $22,337.79 $1,058.08 $0.00 $126.30 $23,522.17
22 $23,522.17 $1,058.08 $0.00 $133.00 $24,713.25
23 $24,713.25 $1,058.08 $0.00 $139.73 $25,911.06
24 $25,911.06 $1,058.08 $0.00 $146.50 $27,115.64
25 $27,115.64 $1,058.08 $0.00 $153.32 $28,327.04
26 $28,327.04 $1,058.08 $0.00 $160.17 $29,545.29
27 $29,545.29 $1,058.08 $0.00 $167.05 $30,770.42
28 $30,770.42 $1,058.08 $0.00 $173.98 $32,002.48
29 $32,002.48 $1,058.08 $0.00 $180.95 $33,241.51
30 $33,241.51 $1,058.08 $0.00 $187.95 $34,487.54
31 $34,487.54 $1,058.08 $0.00 $195.00 $35,740.62
32 $35,740.62 $1,058.08 $0.00 $202.08 $37,000.78
33 $37,000.78 $1,058.08 $0.00 $209.21 $38,268.07
34 $38,268.07 $1,058.08 $0.00 $216.37 $39,542.52
35 $39,542.52 $1,058.08 $0.00 $223.58 $40,824.18
36 $40,824.18 $1,058.08 $0.00 $230.83 $42,113.09
37 $42,113.09 $1,058.08 $0.00 $238.11 $43,409.28
38 $43,409.28 $1,058.08 $0.00 $245.44 $44,712.80
39 $44,712.80 $1,058.08 $0.00 $252.81 $46,023.69
40 $46,023.69 $1,058.08 $0.00 $260.22 $47,341.99
41 $47,341.99 $1,058.08 $0.00 $267.68 $48,667.75
42 $48,667.75 $1,058.08 $0.00 $275.17 $50,001.00
43 $50,001.00 $1,058.08 $0.00 $282.71 $51,341.79
44 $51,341.79 $1,058.08 $0.00 $290.29 $52,690.16
45 $52,690.16 $1,058.08 $0.00 $297.92 $54,046.16
46 $54,046.16 $1,058.08 $0.00 $305.58 $55,409.82
47 $55,409.82 $1,058.08 $0.00 $313.30 $56,781.20
48 $56,781.20 $1,058.08 $0.00 $321.05 $58,160.33
49 $58,160.33 $1,058.08 $0.00 $328.85 $59,547.26
50 $59,547.26 $1,058.08 $0.00 $336.69 $60,942.03
51 $60,942.03 $1,058.08 $0.00 $344.58 $62,344.69
52 $62,344.69 $1,058.08 $0.00 $352.51 $63,755.28
53 $63,755.28 $1,058.08 $0.00 $360.48 $65,173.84
54 $65,173.84 $1,058.08 $0.00 $368.50 $66,600.42
55 $66,600.42 $1,058.08 $0.00 $376.57 $68,035.07
56 $68,035.07 $1,058.08 $0.00 $384.68 $69,477.83
57 $69,477.83 $1,058.08 $0.00 $392.84 $70,928.75
58 $70,928.75 $1,058.08 $0.00 $401.04 $72,387.87
59 $72,387.87 $1,058.08 $0.00 $409.29 $73,855.24
60 $73,855.24 $1,058.08 $0.00 $417.59 $75,330.91
61 $75,330.91 $1,058.08 $0.00 $425.93 $76,814.92
62 $76,814.92 $1,058.08 $0.00 $434.32 $78,307.32
63 $78,307.32 $1,058.08 $0.00 $442.76 $79,808.16
64 $79,808.16 $1,058.08 $0.00 $451.25 $81,317.49
65 $81,317.49 $1,058.08 $0.00 $459.78 $82,835.35
66 $82,835.35 $1,058.08 $0.00 $468.36 $84,361.79
67 $84,361.79 $1,058.08 $0.00 $476.99 $85,896.86
68 $85,896.86 $1,058.08 $0.00 $485.67 $87,440.61
69 $87,440.61 $1,058.08 $0.00 $494.40 $88,993.09
70 $88,993.09 $1,058.08 $0.00 $503.18 $90,554.35
71 $90,554.35 $1,058.08 $0.00 $512.01 $92,124.44
72 $92,124.44 $1,058.08 $0.00 $520.88 $93,703.40
73 $93,703.40 $1,058.08 $0.00 $529.81 $95,291.29
74 $95,291.29 $1,058.08 $0.00 $538.79 $96,888.16
75 $96,888.16 $1,058.08 $0.00 $547.82 $98,494.06
76 $98,494.06 $1,058.08 $0.00 $556.90 $100,109.04
77 $100,109.04 $1,058.08 $0.00 $566.03 $101,733.15
78 $101,733.15 $1,058.08 $0.00 $575.21 $103,366.44
79 $103,366.44 $1,058.08 $0.00 $584.45 $105,008.97
80 $105,008.97 $1,058.08 $0.00 $593.74 $106,660.79
81 $106,660.79 $1,058.08 $0.00 $603.08 $108,321.95
82 $108,321.95 $1,058.08 $0.00 $612.47 $109,992.50
83 $109,992.50 $1,058.08 $0.00 $621.91 $111,672.49
84 $111,672.49 $1,058.08 $0.00 $631.41 $113,361.98
85 $113,361.98 $1,058.08 $0.00 $640.97 $115,061.03
86 $115,061.03 $1,058.08 $0.00 $650.57 $116,769.68
87 $116,769.68 $1,058.08 $0.00 $660.23 $118,487.99
88 $118,487.99 $1,058.08 $0.00 $669.95 $120,216.02
89 $120,216.02 $1,058.08 $0.00 $679.72 $121,953.82
90 $121,953.82 $1,058.08 $0.00 $689.54 $123,701.44
91 $123,701.44 $1,058.08 $0.00 $699.43 $125,458.95
92 $125,458.95 $1,058.08 $0.00 $709.36 $127,226.39
93 $127,226.39 $1,058.08 $0.00 $719.36 $129,003.83
94 $129,003.83 $1,058.08 $0.00 $729.41 $130,791.32
95 $130,791.32 $1,058.08 $0.00 $739.51 $132,588.91
96 $132,588.91 $1,058.08 $0.00 $749.68 $134,396.67
97 $134,396.67 $1,058.08 $0.00 $759.90 $136,214.65
98 $136,214.65 $1,058.08 $0.00 $770.18 $138,042.91
99 $138,042.91 $1,058.08 $0.00 $780.51 $139,881.50
100 $139,881.50 $1,058.08 $0.00 $790.91 $141,730.49
101 $141,730.49 $1,058.08 $0.00 $801.36 $143,589.93
102 $143,589.93 $1,058.08 $0.00 $811.88 $145,459.89
103 $145,459.89 $1,058.08 $0.00 $822.45 $147,340.42
104 $147,340.42 $1,058.08 $0.00 $833.08 $149,231.58
105 $149,231.58 $1,058.08 $0.00 $843.78 $151,133.44
106 $151,133.44 $1,058.08 $0.00 $854.53 $153,046.05
107 $153,046.05 $1,058.08 $0.00 $865.34 $154,969.47
108 $154,969.47 $1,058.08 $0.00 $876.22 $156,903.77
109 $156,903.77 $1,058.08 $0.00 $887.16 $158,849.01
110 $158,849.01 $1,058.08 $0.00 $898.16 $160,805.25
111 $160,805.25 $1,058.08 $0.00 $909.22 $162,772.55
112 $162,772.55 $1,058.08 $0.00 $920.34 $164,750.97
113 $164,750.97 $1,058.08 $0.00 $931.53 $166,740.58
114 $166,740.58 $1,058.08 $0.00 $942.78 $168,741.44
115 $168,741.44 $1,058.08 $0.00 $954.09 $170,753.61
116 $170,753.61 $1,058.08 $0.00 $965.47 $172,777.16
117 $172,777.16 $1,058.08 $0.00 $976.91 $174,812.15
118 $174,812.15 $1,058.08 $0.00 $988.41 $176,858.64
119 $176,858.64 $1,058.08 $0.00 $999.98 $178,916.70
120 $178,916.70 $1,058.08 $0.00 $1,011.62 $180,986.40
121 $180,986.40 $1,058.08 $0.00 $1,023.32 $183,067.80
122 $183,067.80 $1,058.08 $0.00 $1,035.09 $185,160.97
123 $185,160.97 $1,058.08 $0.00 $1,046.93 $187,265.98
124 $187,265.98 $1,058.08 $0.00 $1,058.83 $189,382.89
125 $189,382.89 $1,058.08 $0.00 $1,070.80 $191,511.77
126 $191,511.77 $1,058.08 $0.00 $1,082.84 $193,652.69
127 $193,652.69 $1,058.08 $0.00 $1,094.94 $195,805.71
128 $195,805.71 $1,058.08 $0.00 $1,107.11 $197,970.90
129 $197,970.90 $1,058.08 $0.00 $1,119.36 $200,148.34
130 $200,148.34 $1,058.08 $0.00 $1,131.67 $202,338.09
131 $202,338.09 $1,058.08 $0.00 $1,144.05 $204,540.22
132 $204,540.22 $1,058.08 $0.00 $1,156.50 $206,754.80
133 $206,754.80 $1,058.08 $0.00 $1,169.02 $208,981.90
134 $208,981.90 $1,058.08 $0.00 $1,181.61 $211,221.59
135 $211,221.59 $1,058.08 $0.00 $1,194.28 $213,473.95
136 $213,473.95 $1,058.08 $0.00 $1,207.01 $215,739.04
137 $215,739.04 $1,058.08 $0.00 $1,219.82 $218,016.94
138 $218,016.94 $1,058.08 $0.00 $1,232.70 $220,307.72
139 $220,307.72 $1,058.08 $0.00 $1,245.65 $222,611.45
140 $222,611.45 $1,058.08 $0.00 $1,258.68 $224,928.21
141 $224,928.21 $1,058.08 $0.00 $1,271.78 $227,258.07
142 $227,258.07 $1,058.08 $0.00 $1,284.95 $229,601.10
143 $229,601.10 $1,058.08 $0.00 $1,298.20 $231,957.38
144 $231,957.38 $1,058.08 $0.00 $1,311.52 $234,326.98
145 $234,326.98 $1,058.08 $0.00 $1,324.92 $236,709.98
146 $236,709.98 $1,058.08 $0.00 $1,338.39 $239,106.45
147 $239,106.45 $1,058.08 $0.00 $1,351.94 $241,516.47
148 $241,516.47 $1,058.08 $0.00 $1,365.57 $243,940.12
149 $243,940.12 $1,058.08 $0.00 $1,379.27 $246,377.47
150 $246,377.47 $1,058.08 $0.00 $1,393.05 $248,828.60
151 $248,828.60 $1,058.08 $0.00 $1,406.91 $251,293.59
152 $251,293.59 $1,058.08 $0.00 $1,420.85 $253,772.52
153 $253,772.52 $1,058.08 $0.00 $1,434.87 $256,265.47
154 $256,265.47 $1,058.08 $0.00 $1,448.96 $258,772.51
155 $258,772.51 $1,058.08 $0.00 $1,463.14 $261,293.73
156 $261,293.73 $1,058.08 $0.00 $1,477.39 $263,829.20
157 $263,829.20 $1,058.08 $0.00 $1,491.73 $266,379.01
158 $266,379.01 $1,058.08 $0.00 $1,506.15 $268,943.24
159 $268,943.24 $1,058.08 $0.00 $1,520.64 $271,521.96
160 $271,521.96 $1,058.08 $0.00 $1,535.22 $274,115.26
161 $274,115.26 $1,058.08 $0.00 $1,549.89 $276,723.23
162 $276,723.23 $1,058.08 $0.00 $1,564.63 $279,345.94
163 $279,345.94 $1,058.08 $0.00 $1,579.46 $281,983.48
164 $281,983.48 $1,058.08 $0.00 $1,594.38 $284,635.94
165 $284,635.94 $1,058.08 $0.00 $1,609.37 $287,303.39
166 $287,303.39 $1,058.08 $0.00 $1,624.46 $289,985.93
167 $289,985.93 $1,058.08 $0.00 $1,639.62 $292,683.63
168 $292,683.63 $1,058.08 $0.00 $1,654.88 $295,396.59
169 $295,396.59 $1,058.08 $0.00 $1,670.22 $298,124.89
170 $298,124.89 $1,058.08 $0.00 $1,685.64 $300,868.61
171 $300,868.61 $1,058.08 $0.00 $1,701.15 $303,627.84
172 $303,627.84 $1,058.08 $0.00 $1,716.76 $306,402.68
173 $306,402.68 $1,058.08 $0.00 $1,732.45 $309,193.21
174 $309,193.21 $1,058.08 $0.00 $1,748.22 $311,999.51
175 $311,999.51 $1,058.08 $0.00 $1,764.09 $314,821.68
176 $314,821.68 $1,058.08 $0.00 $1,780.05 $317,659.81
177 $317,659.81 $1,058.08 $0.00 $1,796.09 $320,513.98
178 $320,513.98 $1,058.08 $0.00 $1,812.23 $323,384.29
179 $323,384.29 $1,058.08 $0.00 $1,828.46 $326,270.83
180 $326,270.83 $1,058.08 $0.00 $1,844.78 $329,173.69
181 $329,173.69 $1,058.08 $0.00 $1,861.20 $332,092.97
182 $332,092.97 $1,058.08 $0.00 $1,877.70 $335,028.75
183 $335,028.75 $1,058.08 $0.00 $1,894.30 $337,981.13
184 $337,981.13 $1,058.08 $0.00 $1,910.99 $340,950.20
185 $340,950.20 $1,058.08 $0.00 $1,927.78 $343,936.06
186 $343,936.06 $1,058.08 $0.00 $1,944.66 $346,938.80
187 $346,938.80 $1,058.08 $0.00 $1,961.64 $349,958.52
188 $349,958.52 $1,058.08 $0.00 $1,978.72 $352,995.32
189 $352,995.32 $1,058.08 $0.00 $1,995.89 $356,049.29
190 $356,049.29 $1,058.08 $0.00 $2,013.15 $359,120.52
191 $359,120.52 $1,058.08 $0.00 $2,030.52 $362,209.12
192 $362,209.12 $1,058.08 $0.00 $2,047.98 $365,315.18
193 $365,315.18 $1,058.08 $0.00 $2,065.55 $368,438.81
194 $368,438.81 $1,058.08 $0.00 $2,083.21 $371,580.10
195 $371,580.10 $1,058.08 $0.00 $2,100.97 $374,739.15
196 $374,739.15 $1,058.08 $0.00 $2,118.83 $377,916.06
197 $377,916.06 $1,058.08 $0.00 $2,136.79 $381,110.93
198 $381,110.93 $1,058.08 $0.00 $2,154.86 $384,323.87
199 $384,323.87 $1,058.08 $0.00 $2,173.02 $387,554.97
200 $387,554.97 $1,058.08 $0.00 $2,191.29 $390,804.34
201 $390,804.34 $1,058.08 $0.00 $2,209.66 $394,072.08
202 $394,072.08 $1,058.08 $0.00 $2,228.14 $397,358.30
203 $397,358.30 $1,058.08 $0.00 $2,246.72 $400,663.10
204 $400,663.10 $1,058.08 $0.00 $2,265.41 $403,986.59
205 $403,986.59 $1,058.08 $0.00 $2,284.20 $407,328.87
206 $407,328.87 $1,058.08 $0.00 $2,303.10 $410,690.05
207 $410,690.05 $1,058.08 $0.00 $2,322.10 $414,070.23
208 $414,070.23 $1,058.08 $0.00 $2,341.21 $417,469.52
209 $417,469.52 $1,058.08 $0.00 $2,360.43 $420,888.03
210 $420,888.03 $1,058.08 $0.00 $2,379.76 $424,325.87
211 $424,325.87 $1,058.08 $0.00 $2,399.20 $427,783.15
212 $427,783.15 $1,058.08 $0.00 $2,418.75 $431,259.98
213 $431,259.98 $1,058.08 $0.00 $2,438.41 $434,756.47
214 $434,756.47 $1,058.08 $0.00 $2,458.18 $438,272.73
215 $438,272.73 $1,058.08 $0.00 $2,478.06 $441,808.87
216 $441,808.87 $1,058.08 $0.00 $2,498.05 $445,365.00
217 $445,365.00 $1,058.08 $124,046.78 $2,518.16 $324,894.46
218 $324,894.46 $1,058.08 $0.00 $1,837.00 $327,789.54
219 $327,789.54 $1,058.08 $0.00 $1,853.37 $330,700.99
220 $330,700.99 $1,058.08 $0.00 $1,869.83 $333,628.90
221 $333,628.90 $1,058.08 $0.00 $1,886.39 $336,573.37
222 $336,573.37 $1,058.08 $0.00 $1,903.03 $339,534.48
223 $339,534.48 $1,058.08 $0.00 $1,919.78 $342,512.34
224 $342,512.34 $1,058.08 $0.00 $1,936.61 $345,507.03
225 $345,507.03 $1,058.08 $0.00 $1,953.55 $348,518.66
226 $348,518.66 $1,058.08 $0.00 $1,970.58 $351,547.32
227 $351,547.32 $1,058.08 $0.00 $1,987.70 $354,593.10
228 $354,593.10 $1,058.08 $0.00 $2,004.92 $357,656.10
229 $357,656.10 $1,058.08 $130,249.12 $2,022.24 $230,487.30
230 $230,487.30 $1,058.08 $0.00 $1,303.21 $232,848.59
231 $232,848.59 $1,058.08 $0.00 $1,316.56 $235,223.23
232 $235,223.23 $1,058.08 $0.00 $1,329.99 $237,611.30
233 $237,611.30 $1,058.08 $0.00 $1,343.49 $240,012.87
234 $240,012.87 $1,058.08 $0.00 $1,357.07 $242,428.02
235 $242,428.02 $1,058.08 $0.00 $1,370.72 $244,856.82
236 $244,856.82 $1,058.08 $0.00 $1,384.46 $247,299.36
237 $247,299.36 $1,058.08 $0.00 $1,398.27 $249,755.71
238 $249,755.71 $1,058.08 $0.00 $1,412.16 $252,225.95
239 $252,225.95 $1,058.08 $0.00 $1,426.12 $254,710.15
240 $254,710.15 $1,058.08 $0.00 $1,440.17 $257,208.40
241 $257,208.40 $1,058.08 $136,761.58 $1,454.29 $122,959.19
242 $122,959.19 $1,058.08 $0.00 $695.23 $124,712.50
243 $124,712.50 $1,058.08 $0.00 $705.14 $126,475.72
244 $126,475.72 $1,058.08 $0.00 $715.11 $128,248.91
245 $128,248.91 $1,058.08 $0.00 $725.14 $130,032.13
246 $130,032.13 $1,058.08 $0.00 $735.22 $131,825.43
247 $131,825.43 $1,058.08 $0.00 $745.36 $133,628.87
248 $133,628.87 $1,058.08 $0.00 $755.56 $135,442.51
249 $135,442.51 $1,058.08 $0.00 $765.81 $137,266.40
250 $137,266.40 $1,058.08 $0.00 $776.12 $139,100.60
251 $139,100.60 $1,058.08 $0.00 $786.50 $140,945.18
252 $140,945.18 $1,058.08 $0.00 $796.92 $142,800.18
253 $142,800.18 $0.00 $143,599.66 $807.41 $7.93