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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 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 $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)