## Savings Plan and Future Cost Estimation

 Estimated Annual Cost in 2038 \$49,790 Monthly savings required \$394

How much will it cost to send your child to Rabbi Jacob Joseph School in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at \$199,158.33 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of \$394.12 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 \$19,200.00 Years until enrollment 18 Annual Tuition Increase 5% Current Savings \$0.00 After Tax Return on Savings 7% Years of enrollment 4

## Current Savings Shortfall

### College Savings Calculator

Discover how much will you need to start saving now to afford Rabbi Jacob Joseph School in the future.

## College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 \$0.00 \$394.12 \$0.00 \$0.00 \$394.12
2 \$394.12 \$394.12 \$0.00 \$2.23 \$790.47
3 \$790.47 \$394.12 \$0.00 \$4.47 \$1,189.06
4 \$1,189.06 \$394.12 \$0.00 \$6.72 \$1,589.90
5 \$1,589.90 \$394.12 \$0.00 \$8.99 \$1,993.01
6 \$1,993.01 \$394.12 \$0.00 \$11.27 \$2,398.40
7 \$2,398.40 \$394.12 \$0.00 \$13.56 \$2,806.08
8 \$2,806.08 \$394.12 \$0.00 \$15.87 \$3,216.07
9 \$3,216.07 \$394.12 \$0.00 \$18.18 \$3,628.37
10 \$3,628.37 \$394.12 \$0.00 \$20.52 \$4,043.01
11 \$4,043.01 \$394.12 \$0.00 \$22.86 \$4,459.99
12 \$4,459.99 \$394.12 \$0.00 \$25.22 \$4,879.33
13 \$4,879.33 \$394.12 \$0.00 \$27.59 \$5,301.04
14 \$5,301.04 \$394.12 \$0.00 \$29.97 \$5,725.13
15 \$5,725.13 \$394.12 \$0.00 \$32.37 \$6,151.62
16 \$6,151.62 \$394.12 \$0.00 \$34.78 \$6,580.52
17 \$6,580.52 \$394.12 \$0.00 \$37.21 \$7,011.85
18 \$7,011.85 \$394.12 \$0.00 \$39.65 \$7,445.62
19 \$7,445.62 \$394.12 \$0.00 \$42.10 \$7,881.84
20 \$7,881.84 \$394.12 \$0.00 \$44.57 \$8,320.53
21 \$8,320.53 \$394.12 \$0.00 \$47.05 \$8,761.70
22 \$8,761.70 \$394.12 \$0.00 \$49.54 \$9,205.36
23 \$9,205.36 \$394.12 \$0.00 \$52.05 \$9,651.53
24 \$9,651.53 \$394.12 \$0.00 \$54.57 \$10,100.22
25 \$10,100.22 \$394.12 \$0.00 \$57.11 \$10,551.45
26 \$10,551.45 \$394.12 \$0.00 \$59.66 \$11,005.23
27 \$11,005.23 \$394.12 \$0.00 \$62.23 \$11,461.58
28 \$11,461.58 \$394.12 \$0.00 \$64.81 \$11,920.51
29 \$11,920.51 \$394.12 \$0.00 \$67.40 \$12,382.03
30 \$12,382.03 \$394.12 \$0.00 \$70.01 \$12,846.16
31 \$12,846.16 \$394.12 \$0.00 \$72.63 \$13,312.91
32 \$13,312.91 \$394.12 \$0.00 \$75.27 \$13,782.30
33 \$13,782.30 \$394.12 \$0.00 \$77.93 \$14,254.35
34 \$14,254.35 \$394.12 \$0.00 \$80.60 \$14,729.07
35 \$14,729.07 \$394.12 \$0.00 \$83.28 \$15,206.47
36 \$15,206.47 \$394.12 \$0.00 \$85.98 \$15,686.57
37 \$15,686.57 \$394.12 \$0.00 \$88.69 \$16,169.38
38 \$16,169.38 \$394.12 \$0.00 \$91.42 \$16,654.92
39 \$16,654.92 \$394.12 \$0.00 \$94.17 \$17,143.21
40 \$17,143.21 \$394.12 \$0.00 \$96.93 \$17,634.26
41 \$17,634.26 \$394.12 \$0.00 \$99.71 \$18,128.09
42 \$18,128.09 \$394.12 \$0.00 \$102.50 \$18,624.71
43 \$18,624.71 \$394.12 \$0.00 \$105.31 \$19,124.14
44 \$19,124.14 \$394.12 \$0.00 \$108.13 \$19,626.39
45 \$19,626.39 \$394.12 \$0.00 \$110.97 \$20,131.48
46 \$20,131.48 \$394.12 \$0.00 \$113.83 \$20,639.43
47 \$20,639.43 \$394.12 \$0.00 \$116.70 \$21,150.25
48 \$21,150.25 \$394.12 \$0.00 \$119.59 \$21,663.96
49 \$21,663.96 \$394.12 \$0.00 \$122.49 \$22,180.57
50 \$22,180.57 \$394.12 \$0.00 \$125.41 \$22,700.10
51 \$22,700.10 \$394.12 \$0.00 \$128.35 \$23,222.57
52 \$23,222.57 \$394.12 \$0.00 \$131.30 \$23,747.99
53 \$23,747.99 \$394.12 \$0.00 \$134.27 \$24,276.38
54 \$24,276.38 \$394.12 \$0.00 \$137.26 \$24,807.76
55 \$24,807.76 \$394.12 \$0.00 \$140.27 \$25,342.15
56 \$25,342.15 \$394.12 \$0.00 \$143.29 \$25,879.56
57 \$25,879.56 \$394.12 \$0.00 \$146.33 \$26,420.01
58 \$26,420.01 \$394.12 \$0.00 \$149.38 \$26,963.51
59 \$26,963.51 \$394.12 \$0.00 \$152.46 \$27,510.09
60 \$27,510.09 \$394.12 \$0.00 \$155.55 \$28,059.76
61 \$28,059.76 \$394.12 \$0.00 \$158.65 \$28,612.53
62 \$28,612.53 \$394.12 \$0.00 \$161.78 \$29,168.43
63 \$29,168.43 \$394.12 \$0.00 \$164.92 \$29,727.47
64 \$29,727.47 \$394.12 \$0.00 \$168.08 \$30,289.67
65 \$30,289.67 \$394.12 \$0.00 \$171.26 \$30,855.05
66 \$30,855.05 \$394.12 \$0.00 \$174.46 \$31,423.63
67 \$31,423.63 \$394.12 \$0.00 \$177.67 \$31,995.42
68 \$31,995.42 \$394.12 \$0.00 \$180.91 \$32,570.45
69 \$32,570.45 \$394.12 \$0.00 \$184.16 \$33,148.73
70 \$33,148.73 \$394.12 \$0.00 \$187.43 \$33,730.28
71 \$33,730.28 \$394.12 \$0.00 \$190.72 \$34,315.12
72 \$34,315.12 \$394.12 \$0.00 \$194.02 \$34,903.26
73 \$34,903.26 \$394.12 \$0.00 \$197.35 \$35,494.73
74 \$35,494.73 \$394.12 \$0.00 \$200.69 \$36,089.54
75 \$36,089.54 \$394.12 \$0.00 \$204.06 \$36,687.72
76 \$36,687.72 \$394.12 \$0.00 \$207.44 \$37,289.28
77 \$37,289.28 \$394.12 \$0.00 \$210.84 \$37,894.24
78 \$37,894.24 \$394.12 \$0.00 \$214.26 \$38,502.62
79 \$38,502.62 \$394.12 \$0.00 \$217.70 \$39,114.44
80 \$39,114.44 \$394.12 \$0.00 \$221.16 \$39,729.72
81 \$39,729.72 \$394.12 \$0.00 \$224.64 \$40,348.48
82 \$40,348.48 \$394.12 \$0.00 \$228.14 \$40,970.74
83 \$40,970.74 \$394.12 \$0.00 \$231.65 \$41,596.51
84 \$41,596.51 \$394.12 \$0.00 \$235.19 \$42,225.82
85 \$42,225.82 \$394.12 \$0.00 \$238.75 \$42,858.69
86 \$42,858.69 \$394.12 \$0.00 \$242.33 \$43,495.14
87 \$43,495.14 \$394.12 \$0.00 \$245.93 \$44,135.19
88 \$44,135.19 \$394.12 \$0.00 \$249.55 \$44,778.86
89 \$44,778.86 \$394.12 \$0.00 \$253.19 \$45,426.17
90 \$45,426.17 \$394.12 \$0.00 \$256.85 \$46,077.14
91 \$46,077.14 \$394.12 \$0.00 \$260.53 \$46,731.79
92 \$46,731.79 \$394.12 \$0.00 \$264.23 \$47,390.14
93 \$47,390.14 \$394.12 \$0.00 \$267.95 \$48,052.21
94 \$48,052.21 \$394.12 \$0.00 \$271.69 \$48,718.02
95 \$48,718.02 \$394.12 \$0.00 \$275.46 \$49,387.60
96 \$49,387.60 \$394.12 \$0.00 \$279.24 \$50,060.96
97 \$50,060.96 \$394.12 \$0.00 \$283.05 \$50,738.13
98 \$50,738.13 \$394.12 \$0.00 \$286.88 \$51,419.13
99 \$51,419.13 \$394.12 \$0.00 \$290.73 \$52,103.98
100 \$52,103.98 \$394.12 \$0.00 \$294.60 \$52,792.70
101 \$52,792.70 \$394.12 \$0.00 \$298.50 \$53,485.32
102 \$53,485.32 \$394.12 \$0.00 \$302.41 \$54,181.85
103 \$54,181.85 \$394.12 \$0.00 \$306.35 \$54,882.32
104 \$54,882.32 \$394.12 \$0.00 \$310.31 \$55,586.75
105 \$55,586.75 \$394.12 \$0.00 \$314.30 \$56,295.17
106 \$56,295.17 \$394.12 \$0.00 \$318.30 \$57,007.59
107 \$57,007.59 \$394.12 \$0.00 \$322.33 \$57,724.04
108 \$57,724.04 \$394.12 \$0.00 \$326.38 \$58,444.54
109 \$58,444.54 \$394.12 \$0.00 \$330.45 \$59,169.11
110 \$59,169.11 \$394.12 \$0.00 \$334.55 \$59,897.78
111 \$59,897.78 \$394.12 \$0.00 \$338.67 \$60,630.57
112 \$60,630.57 \$394.12 \$0.00 \$342.81 \$61,367.50
113 \$61,367.50 \$394.12 \$0.00 \$346.98 \$62,108.60
114 \$62,108.60 \$394.12 \$0.00 \$351.17 \$62,853.89
115 \$62,853.89 \$394.12 \$0.00 \$355.39 \$63,603.40
116 \$63,603.40 \$394.12 \$0.00 \$359.62 \$64,357.14
117 \$64,357.14 \$394.12 \$0.00 \$363.88 \$65,115.14
118 \$65,115.14 \$394.12 \$0.00 \$368.17 \$65,877.43
119 \$65,877.43 \$394.12 \$0.00 \$372.48 \$66,644.03
120 \$66,644.03 \$394.12 \$0.00 \$376.82 \$67,414.97
121 \$67,414.97 \$394.12 \$0.00 \$381.17 \$68,190.26
122 \$68,190.26 \$394.12 \$0.00 \$385.56 \$68,969.94
123 \$68,969.94 \$394.12 \$0.00 \$389.97 \$69,754.03
124 \$69,754.03 \$394.12 \$0.00 \$394.40 \$70,542.55
125 \$70,542.55 \$394.12 \$0.00 \$398.86 \$71,335.53
126 \$71,335.53 \$394.12 \$0.00 \$403.34 \$72,132.99
127 \$72,132.99 \$394.12 \$0.00 \$407.85 \$72,934.96
128 \$72,934.96 \$394.12 \$0.00 \$412.38 \$73,741.46
129 \$73,741.46 \$394.12 \$0.00 \$416.94 \$74,552.52
130 \$74,552.52 \$394.12 \$0.00 \$421.53 \$75,368.17
131 \$75,368.17 \$394.12 \$0.00 \$426.14 \$76,188.43
132 \$76,188.43 \$394.12 \$0.00 \$430.78 \$77,013.33
133 \$77,013.33 \$394.12 \$0.00 \$435.44 \$77,842.89
134 \$77,842.89 \$394.12 \$0.00 \$440.14 \$78,677.15
135 \$78,677.15 \$394.12 \$0.00 \$444.85 \$79,516.12
136 \$79,516.12 \$394.12 \$0.00 \$449.60 \$80,359.84
137 \$80,359.84 \$394.12 \$0.00 \$454.37 \$81,208.33
138 \$81,208.33 \$394.12 \$0.00 \$459.16 \$82,061.61
139 \$82,061.61 \$394.12 \$0.00 \$463.99 \$82,919.72
140 \$82,919.72 \$394.12 \$0.00 \$468.84 \$83,782.68
141 \$83,782.68 \$394.12 \$0.00 \$473.72 \$84,650.52
142 \$84,650.52 \$394.12 \$0.00 \$478.63 \$85,523.27
143 \$85,523.27 \$394.12 \$0.00 \$483.56 \$86,400.95
144 \$86,400.95 \$394.12 \$0.00 \$488.52 \$87,283.59
145 \$87,283.59 \$394.12 \$0.00 \$493.51 \$88,171.22
146 \$88,171.22 \$394.12 \$0.00 \$498.53 \$89,063.87
147 \$89,063.87 \$394.12 \$0.00 \$503.58 \$89,961.57
148 \$89,961.57 \$394.12 \$0.00 \$508.66 \$90,864.35
149 \$90,864.35 \$394.12 \$0.00 \$513.76 \$91,772.23
150 \$91,772.23 \$394.12 \$0.00 \$518.89 \$92,685.24
151 \$92,685.24 \$394.12 \$0.00 \$524.06 \$93,603.42
152 \$93,603.42 \$394.12 \$0.00 \$529.25 \$94,526.79
153 \$94,526.79 \$394.12 \$0.00 \$534.47 \$95,455.38
154 \$95,455.38 \$394.12 \$0.00 \$539.72 \$96,389.22
155 \$96,389.22 \$394.12 \$0.00 \$545.00 \$97,328.34
156 \$97,328.34 \$394.12 \$0.00 \$550.31 \$98,272.77
157 \$98,272.77 \$394.12 \$0.00 \$555.65 \$99,222.54
158 \$99,222.54 \$394.12 \$0.00 \$561.02 \$100,177.68
159 \$100,177.68 \$394.12 \$0.00 \$566.42 \$101,138.22
160 \$101,138.22 \$394.12 \$0.00 \$571.85 \$102,104.19
161 \$102,104.19 \$394.12 \$0.00 \$577.31 \$103,075.62
162 \$103,075.62 \$394.12 \$0.00 \$582.80 \$104,052.54
163 \$104,052.54 \$394.12 \$0.00 \$588.33 \$105,034.99
164 \$105,034.99 \$394.12 \$0.00 \$593.88 \$106,022.99
165 \$106,022.99 \$394.12 \$0.00 \$599.47 \$107,016.58
166 \$107,016.58 \$394.12 \$0.00 \$605.09 \$108,015.79
167 \$108,015.79 \$394.12 \$0.00 \$610.74 \$109,020.65
168 \$109,020.65 \$394.12 \$0.00 \$616.42 \$110,031.19
169 \$110,031.19 \$394.12 \$0.00 \$622.13 \$111,047.44
170 \$111,047.44 \$394.12 \$0.00 \$627.88 \$112,069.44
171 \$112,069.44 \$394.12 \$0.00 \$633.66 \$113,097.22
172 \$113,097.22 \$394.12 \$0.00 \$639.47 \$114,130.81
173 \$114,130.81 \$394.12 \$0.00 \$645.31 \$115,170.24
174 \$115,170.24 \$394.12 \$0.00 \$651.19 \$116,215.55
175 \$116,215.55 \$394.12 \$0.00 \$657.10 \$117,266.77
176 \$117,266.77 \$394.12 \$0.00 \$663.04 \$118,323.93
177 \$118,323.93 \$394.12 \$0.00 \$669.02 \$119,387.07
178 \$119,387.07 \$394.12 \$0.00 \$675.03 \$120,456.22
179 \$120,456.22 \$394.12 \$0.00 \$681.08 \$121,531.42
180 \$121,531.42 \$394.12 \$0.00 \$687.16 \$122,612.70
181 \$122,612.70 \$394.12 \$0.00 \$693.27 \$123,700.09
182 \$123,700.09 \$394.12 \$0.00 \$699.42 \$124,793.63
183 \$124,793.63 \$394.12 \$0.00 \$705.60 \$125,893.35
184 \$125,893.35 \$394.12 \$0.00 \$711.82 \$126,999.29
185 \$126,999.29 \$394.12 \$0.00 \$718.07 \$128,111.48
186 \$128,111.48 \$394.12 \$0.00 \$724.36 \$129,229.96
187 \$129,229.96 \$394.12 \$0.00 \$730.68 \$130,354.76
188 \$130,354.76 \$394.12 \$0.00 \$737.04 \$131,485.92
189 \$131,485.92 \$394.12 \$0.00 \$743.44 \$132,623.48
190 \$132,623.48 \$394.12 \$0.00 \$749.87 \$133,767.47
191 \$133,767.47 \$394.12 \$0.00 \$756.34 \$134,917.93
192 \$134,917.93 \$394.12 \$0.00 \$762.85 \$136,074.90
193 \$136,074.90 \$394.12 \$0.00 \$769.39 \$137,238.41
194 \$137,238.41 \$394.12 \$0.00 \$775.97 \$138,408.50
195 \$138,408.50 \$394.12 \$0.00 \$782.58 \$139,585.20
196 \$139,585.20 \$394.12 \$0.00 \$789.24 \$140,768.56
197 \$140,768.56 \$394.12 \$0.00 \$795.93 \$141,958.61
198 \$141,958.61 \$394.12 \$0.00 \$802.65 \$143,155.38
199 \$143,155.38 \$394.12 \$0.00 \$809.42 \$144,358.92
200 \$144,358.92 \$394.12 \$0.00 \$816.23 \$145,569.27
201 \$145,569.27 \$394.12 \$0.00 \$823.07 \$146,786.46
202 \$146,786.46 \$394.12 \$0.00 \$829.95 \$148,010.53
203 \$148,010.53 \$394.12 \$0.00 \$836.87 \$149,241.52
204 \$149,241.52 \$394.12 \$0.00 \$843.83 \$150,479.47
205 \$150,479.47 \$394.12 \$0.00 \$850.83 \$151,724.42
206 \$151,724.42 \$394.12 \$0.00 \$857.87 \$152,976.41
207 \$152,976.41 \$394.12 \$0.00 \$864.95 \$154,235.48
208 \$154,235.48 \$394.12 \$0.00 \$872.07 \$155,501.67
209 \$155,501.67 \$394.12 \$0.00 \$879.23 \$156,775.02
210 \$156,775.02 \$394.12 \$0.00 \$886.43 \$158,055.57
211 \$158,055.57 \$394.12 \$0.00 \$893.67 \$159,343.36
212 \$159,343.36 \$394.12 \$0.00 \$900.95 \$160,638.43
213 \$160,638.43 \$394.12 \$0.00 \$908.27 \$161,940.82
214 \$161,940.82 \$394.12 \$0.00 \$915.64 \$163,250.58
215 \$163,250.58 \$394.12 \$0.00 \$923.04 \$164,567.74
216 \$164,567.74 \$394.12 \$0.00 \$930.49 \$165,892.35
217 \$165,892.35 \$394.12 \$46,207.09 \$937.98 \$121,017.36
218 \$121,017.36 \$394.12 \$0.00 \$684.25 \$122,095.73
219 \$122,095.73 \$394.12 \$0.00 \$690.35 \$123,180.20
220 \$123,180.20 \$394.12 \$0.00 \$696.48 \$124,270.80
221 \$124,270.80 \$394.12 \$0.00 \$702.65 \$125,367.57
222 \$125,367.57 \$394.12 \$0.00 \$708.85 \$126,470.54
223 \$126,470.54 \$394.12 \$0.00 \$715.08 \$127,579.74
224 \$127,579.74 \$394.12 \$0.00 \$721.35 \$128,695.21
225 \$128,695.21 \$394.12 \$0.00 \$727.66 \$129,816.99
226 \$129,816.99 \$394.12 \$0.00 \$734.00 \$130,945.11
227 \$130,945.11 \$394.12 \$0.00 \$740.38 \$132,079.61
228 \$132,079.61 \$394.12 \$0.00 \$746.80 \$133,220.53
229 \$133,220.53 \$394.12 \$48,517.44 \$753.25 \$85,850.46
230 \$85,850.46 \$394.12 \$0.00 \$485.41 \$86,729.99
231 \$86,729.99 \$394.12 \$0.00 \$490.38 \$87,614.49
232 \$87,614.49 \$394.12 \$0.00 \$495.39 \$88,504.00
233 \$88,504.00 \$394.12 \$0.00 \$500.41 \$89,398.53
234 \$89,398.53 \$394.12 \$0.00 \$505.47 \$90,298.12
235 \$90,298.12 \$394.12 \$0.00 \$510.56 \$91,202.80
236 \$91,202.80 \$394.12 \$0.00 \$515.67 \$92,112.59
237 \$92,112.59 \$394.12 \$0.00 \$520.82 \$93,027.53
238 \$93,027.53 \$394.12 \$0.00 \$525.99 \$93,947.64
239 \$93,947.64 \$394.12 \$0.00 \$531.19 \$94,872.95
240 \$94,872.95 \$394.12 \$0.00 \$536.43 \$95,803.50
241 \$95,803.50 \$394.12 \$50,943.32 \$541.69 \$45,795.99
242 \$45,795.99 \$394.12 \$0.00 \$258.94 \$46,449.05
243 \$46,449.05 \$394.12 \$0.00 \$262.63 \$47,105.80
244 \$47,105.80 \$394.12 \$0.00 \$266.34 \$47,766.26
245 \$47,766.26 \$394.12 \$0.00 \$270.08 \$48,430.46
246 \$48,430.46 \$394.12 \$0.00 \$273.83 \$49,098.41
247 \$49,098.41 \$394.12 \$0.00 \$277.61 \$49,770.14
248 \$49,770.14 \$394.12 \$0.00 \$281.41 \$50,445.67
249 \$50,445.67 \$394.12 \$0.00 \$285.23 \$51,125.02
250 \$51,125.02 \$394.12 \$0.00 \$289.07 \$51,808.21
251 \$51,808.21 \$394.12 \$0.00 \$292.93 \$52,495.26
252 \$52,495.26 \$394.12 \$0.00 \$296.82 \$53,186.20
253 \$53,186.20 \$0.00 \$53,490.48 \$300.72 (\$3.56)