Savings Plan and Future Cost Estimation for The College of New Jersey

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$92,933
Monthly savings required$736

How much will it cost to send your child to The College of New Jersey in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $371,731.10 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $735.65 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$35,837.00
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 $735.65 $0.00 $0.00 $735.65
2 $735.65 $735.65 $0.00 $4.16 $1,475.46
3 $1,475.46 $735.65 $0.00 $8.34 $2,219.45
4 $2,219.45 $735.65 $0.00 $12.55 $2,967.65
5 $2,967.65 $735.65 $0.00 $16.78 $3,720.08
6 $3,720.08 $735.65 $0.00 $21.03 $4,476.76
7 $4,476.76 $735.65 $0.00 $25.31 $5,237.72
8 $5,237.72 $735.65 $0.00 $29.61 $6,002.98
9 $6,002.98 $735.65 $0.00 $33.94 $6,772.57
10 $6,772.57 $735.65 $0.00 $38.29 $7,546.51
11 $7,546.51 $735.65 $0.00 $42.67 $8,324.83
12 $8,324.83 $735.65 $0.00 $47.07 $9,107.55
13 $9,107.55 $735.65 $0.00 $51.50 $9,894.70
14 $9,894.70 $735.65 $0.00 $55.95 $10,686.30
15 $10,686.30 $735.65 $0.00 $60.42 $11,482.37
16 $11,482.37 $735.65 $0.00 $64.92 $12,282.94
17 $12,282.94 $735.65 $0.00 $69.45 $13,088.04
18 $13,088.04 $735.65 $0.00 $74.00 $13,897.69
19 $13,897.69 $735.65 $0.00 $78.58 $14,711.92
20 $14,711.92 $735.65 $0.00 $83.18 $15,530.75
21 $15,530.75 $735.65 $0.00 $87.81 $16,354.21
22 $16,354.21 $735.65 $0.00 $92.47 $17,182.33
23 $17,182.33 $735.65 $0.00 $97.15 $18,015.13
24 $18,015.13 $735.65 $0.00 $101.86 $18,852.64
25 $18,852.64 $735.65 $0.00 $106.60 $19,694.89
26 $19,694.89 $735.65 $0.00 $111.36 $20,541.90
27 $20,541.90 $735.65 $0.00 $116.15 $21,393.70
28 $21,393.70 $735.65 $0.00 $120.96 $22,250.31
29 $22,250.31 $735.65 $0.00 $125.81 $23,111.77
30 $23,111.77 $735.65 $0.00 $130.68 $23,978.10
31 $23,978.10 $735.65 $0.00 $135.58 $24,849.33
32 $24,849.33 $735.65 $0.00 $140.50 $25,725.48
33 $25,725.48 $735.65 $0.00 $145.46 $26,606.59
34 $26,606.59 $735.65 $0.00 $150.44 $27,492.68
35 $27,492.68 $735.65 $0.00 $155.45 $28,383.78
36 $28,383.78 $735.65 $0.00 $160.49 $29,279.92
37 $29,279.92 $735.65 $0.00 $165.55 $30,181.12
38 $30,181.12 $735.65 $0.00 $170.65 $31,087.42
39 $31,087.42 $735.65 $0.00 $175.77 $31,998.84
40 $31,998.84 $735.65 $0.00 $180.93 $32,915.42
41 $32,915.42 $735.65 $0.00 $186.11 $33,837.18
42 $33,837.18 $735.65 $0.00 $191.32 $34,764.15
43 $34,764.15 $735.65 $0.00 $196.56 $35,696.36
44 $35,696.36 $735.65 $0.00 $201.83 $36,633.84
45 $36,633.84 $735.65 $0.00 $207.13 $37,576.62
46 $37,576.62 $735.65 $0.00 $212.46 $38,524.73
47 $38,524.73 $735.65 $0.00 $217.82 $39,478.20
48 $39,478.20 $735.65 $0.00 $223.22 $40,437.07
49 $40,437.07 $735.65 $0.00 $228.64 $41,401.36
50 $41,401.36 $735.65 $0.00 $234.09 $42,371.10
51 $42,371.10 $735.65 $0.00 $239.57 $43,346.32
52 $43,346.32 $735.65 $0.00 $245.09 $44,327.06
53 $44,327.06 $735.65 $0.00 $250.63 $45,313.34
54 $45,313.34 $735.65 $0.00 $256.21 $46,305.20
55 $46,305.20 $735.65 $0.00 $261.82 $47,302.67
56 $47,302.67 $735.65 $0.00 $267.46 $48,305.78
57 $48,305.78 $735.65 $0.00 $273.13 $49,314.56
58 $49,314.56 $735.65 $0.00 $278.83 $50,329.04
59 $50,329.04 $735.65 $0.00 $284.57 $51,349.26
60 $51,349.26 $735.65 $0.00 $290.34 $52,375.25
61 $52,375.25 $735.65 $0.00 $296.14 $53,407.04
62 $53,407.04 $735.65 $0.00 $301.97 $54,444.66
63 $54,444.66 $735.65 $0.00 $307.84 $55,488.15
64 $55,488.15 $735.65 $0.00 $313.74 $56,537.54
65 $56,537.54 $735.65 $0.00 $319.67 $57,592.86
66 $57,592.86 $735.65 $0.00 $325.64 $58,654.15
67 $58,654.15 $735.65 $0.00 $331.64 $59,721.44
68 $59,721.44 $735.65 $0.00 $337.67 $60,794.76
69 $60,794.76 $735.65 $0.00 $343.74 $61,874.15
70 $61,874.15 $735.65 $0.00 $349.85 $62,959.65
71 $62,959.65 $735.65 $0.00 $355.98 $64,051.28
72 $64,051.28 $735.65 $0.00 $362.16 $65,149.09
73 $65,149.09 $735.65 $0.00 $368.36 $66,253.10
74 $66,253.10 $735.65 $0.00 $374.60 $67,363.35
75 $67,363.35 $735.65 $0.00 $380.88 $68,479.88
76 $68,479.88 $735.65 $0.00 $387.20 $69,602.73
77 $69,602.73 $735.65 $0.00 $393.54 $70,731.92
78 $70,731.92 $735.65 $0.00 $399.93 $71,867.50
79 $71,867.50 $735.65 $0.00 $406.35 $73,009.50
80 $73,009.50 $735.65 $0.00 $412.81 $74,157.96
81 $74,157.96 $735.65 $0.00 $419.30 $75,312.91
82 $75,312.91 $735.65 $0.00 $425.83 $76,474.39
83 $76,474.39 $735.65 $0.00 $432.40 $77,642.44
84 $77,642.44 $735.65 $0.00 $439.00 $78,817.09
85 $78,817.09 $735.65 $0.00 $445.64 $79,998.38
86 $79,998.38 $735.65 $0.00 $452.32 $81,186.35
87 $81,186.35 $735.65 $0.00 $459.04 $82,381.04
88 $82,381.04 $735.65 $0.00 $465.79 $83,582.48
89 $83,582.48 $735.65 $0.00 $472.59 $84,790.72
90 $84,790.72 $735.65 $0.00 $479.42 $86,005.79
91 $86,005.79 $735.65 $0.00 $486.29 $87,227.73
92 $87,227.73 $735.65 $0.00 $493.20 $88,456.58
93 $88,456.58 $735.65 $0.00 $500.15 $89,692.38
94 $89,692.38 $735.65 $0.00 $507.13 $90,935.16
95 $90,935.16 $735.65 $0.00 $514.16 $92,184.97
96 $92,184.97 $735.65 $0.00 $521.23 $93,441.85
97 $93,441.85 $735.65 $0.00 $528.33 $94,705.83
98 $94,705.83 $735.65 $0.00 $535.48 $95,976.96
99 $95,976.96 $735.65 $0.00 $542.67 $97,255.28
100 $97,255.28 $735.65 $0.00 $549.90 $98,540.83
101 $98,540.83 $735.65 $0.00 $557.16 $99,833.64
102 $99,833.64 $735.65 $0.00 $564.47 $101,133.76
103 $101,133.76 $735.65 $0.00 $571.82 $102,441.23
104 $102,441.23 $735.65 $0.00 $579.22 $103,756.10
105 $103,756.10 $735.65 $0.00 $586.65 $105,078.40
106 $105,078.40 $735.65 $0.00 $594.13 $106,408.18
107 $106,408.18 $735.65 $0.00 $601.65 $107,745.48
108 $107,745.48 $735.65 $0.00 $609.21 $109,090.34
109 $109,090.34 $735.65 $0.00 $616.81 $110,442.80
110 $110,442.80 $735.65 $0.00 $624.46 $111,802.91
111 $111,802.91 $735.65 $0.00 $632.15 $113,170.71
112 $113,170.71 $735.65 $0.00 $639.88 $114,546.24
113 $114,546.24 $735.65 $0.00 $647.66 $115,929.55
114 $115,929.55 $735.65 $0.00 $655.48 $117,320.68
115 $117,320.68 $735.65 $0.00 $663.35 $118,719.68
116 $118,719.68 $735.65 $0.00 $671.26 $120,126.59
117 $120,126.59 $735.65 $0.00 $679.21 $121,541.45
118 $121,541.45 $735.65 $0.00 $687.21 $122,964.31
119 $122,964.31 $735.65 $0.00 $695.26 $124,395.22
120 $124,395.22 $735.65 $0.00 $703.35 $125,834.22
121 $125,834.22 $735.65 $0.00 $711.48 $127,281.35
122 $127,281.35 $735.65 $0.00 $719.67 $128,736.67
123 $128,736.67 $735.65 $0.00 $727.90 $130,200.22
124 $130,200.22 $735.65 $0.00 $736.17 $131,672.04
125 $131,672.04 $735.65 $0.00 $744.49 $133,152.18
126 $133,152.18 $735.65 $0.00 $752.86 $134,640.69
127 $134,640.69 $735.65 $0.00 $761.28 $136,137.62
128 $136,137.62 $735.65 $0.00 $769.74 $137,643.01
129 $137,643.01 $735.65 $0.00 $778.25 $139,156.91
130 $139,156.91 $735.65 $0.00 $786.81 $140,679.37
131 $140,679.37 $735.65 $0.00 $795.42 $142,210.44
132 $142,210.44 $735.65 $0.00 $804.08 $143,750.17
133 $143,750.17 $735.65 $0.00 $812.78 $145,298.60
134 $145,298.60 $735.65 $0.00 $821.54 $146,855.79
135 $146,855.79 $735.65 $0.00 $830.34 $148,421.78
136 $148,421.78 $735.65 $0.00 $839.20 $149,996.63
137 $149,996.63 $735.65 $0.00 $848.10 $151,580.38
138 $151,580.38 $735.65 $0.00 $857.06 $153,173.09
139 $153,173.09 $735.65 $0.00 $866.06 $154,774.80
140 $154,774.80 $735.65 $0.00 $875.12 $156,385.57
141 $156,385.57 $735.65 $0.00 $884.23 $158,005.45
142 $158,005.45 $735.65 $0.00 $893.39 $159,634.49
143 $159,634.49 $735.65 $0.00 $902.60 $161,272.74
144 $161,272.74 $735.65 $0.00 $911.86 $162,920.25
145 $162,920.25 $735.65 $0.00 $921.17 $164,577.07
146 $164,577.07 $735.65 $0.00 $930.54 $166,243.26
147 $166,243.26 $735.65 $0.00 $939.96 $167,918.87
148 $167,918.87 $735.65 $0.00 $949.44 $169,603.96
149 $169,603.96 $735.65 $0.00 $958.97 $171,298.58
150 $171,298.58 $735.65 $0.00 $968.55 $173,002.78
151 $173,002.78 $735.65 $0.00 $978.18 $174,716.61
152 $174,716.61 $735.65 $0.00 $987.87 $176,440.13
153 $176,440.13 $735.65 $0.00 $997.62 $178,173.40
154 $178,173.40 $735.65 $0.00 $1,007.42 $179,916.47
155 $179,916.47 $735.65 $0.00 $1,017.27 $181,669.39
156 $181,669.39 $735.65 $0.00 $1,027.19 $183,432.23
157 $183,432.23 $735.65 $0.00 $1,037.15 $185,205.03
158 $185,205.03 $735.65 $0.00 $1,047.18 $186,987.86
159 $186,987.86 $735.65 $0.00 $1,057.26 $188,780.77
160 $188,780.77 $735.65 $0.00 $1,067.39 $190,583.81
161 $190,583.81 $735.65 $0.00 $1,077.59 $192,397.05
162 $192,397.05 $735.65 $0.00 $1,087.84 $194,220.54
163 $194,220.54 $735.65 $0.00 $1,098.15 $196,054.34
164 $196,054.34 $735.65 $0.00 $1,108.52 $197,898.51
165 $197,898.51 $735.65 $0.00 $1,118.95 $199,753.11
166 $199,753.11 $735.65 $0.00 $1,129.43 $201,618.19
167 $201,618.19 $735.65 $0.00 $1,139.98 $203,493.82
168 $203,493.82 $735.65 $0.00 $1,150.58 $205,380.05
169 $205,380.05 $735.65 $0.00 $1,161.25 $207,276.95
170 $207,276.95 $735.65 $0.00 $1,171.97 $209,184.57
171 $209,184.57 $735.65 $0.00 $1,182.76 $211,102.98
172 $211,102.98 $735.65 $0.00 $1,193.61 $213,032.24
173 $213,032.24 $735.65 $0.00 $1,204.52 $214,972.41
174 $214,972.41 $735.65 $0.00 $1,215.49 $216,923.55
175 $216,923.55 $735.65 $0.00 $1,226.52 $218,885.72
176 $218,885.72 $735.65 $0.00 $1,237.61 $220,858.98
177 $220,858.98 $735.65 $0.00 $1,248.77 $222,843.40
178 $222,843.40 $735.65 $0.00 $1,259.99 $224,839.04
179 $224,839.04 $735.65 $0.00 $1,271.27 $226,845.96
180 $226,845.96 $735.65 $0.00 $1,282.62 $228,864.23
181 $228,864.23 $735.65 $0.00 $1,294.03 $230,893.91
182 $230,893.91 $735.65 $0.00 $1,305.51 $232,935.07
183 $232,935.07 $735.65 $0.00 $1,317.05 $234,987.77
184 $234,987.77 $735.65 $0.00 $1,328.66 $237,052.08
185 $237,052.08 $735.65 $0.00 $1,340.33 $239,128.06
186 $239,128.06 $735.65 $0.00 $1,352.06 $241,215.77
187 $241,215.77 $735.65 $0.00 $1,363.87 $243,315.29
188 $243,315.29 $735.65 $0.00 $1,375.74 $245,426.68
189 $245,426.68 $735.65 $0.00 $1,387.68 $247,550.01
190 $247,550.01 $735.65 $0.00 $1,399.68 $249,685.34
191 $249,685.34 $735.65 $0.00 $1,411.76 $251,832.75
192 $251,832.75 $735.65 $0.00 $1,423.90 $253,992.30
193 $253,992.30 $735.65 $0.00 $1,436.11 $256,164.06
194 $256,164.06 $735.65 $0.00 $1,448.39 $258,348.10
195 $258,348.10 $735.65 $0.00 $1,460.74 $260,544.49
196 $260,544.49 $735.65 $0.00 $1,473.16 $262,753.30
197 $262,753.30 $735.65 $0.00 $1,485.65 $264,974.60
198 $264,974.60 $735.65 $0.00 $1,498.20 $267,208.45
199 $267,208.45 $735.65 $0.00 $1,510.84 $269,454.94
200 $269,454.94 $735.65 $0.00 $1,523.54 $271,714.13
201 $271,714.13 $735.65 $0.00 $1,536.31 $273,986.09
202 $273,986.09 $735.65 $0.00 $1,549.16 $276,270.90
203 $276,270.90 $735.65 $0.00 $1,562.08 $278,568.63
204 $278,568.63 $735.65 $0.00 $1,575.07 $280,879.35
205 $280,879.35 $735.65 $0.00 $1,588.13 $283,203.13
206 $283,203.13 $735.65 $0.00 $1,601.27 $285,540.05
207 $285,540.05 $735.65 $0.00 $1,614.48 $287,890.18
208 $287,890.18 $735.65 $0.00 $1,627.77 $290,253.60
209 $290,253.60 $735.65 $0.00 $1,641.14 $292,630.39
210 $292,630.39 $735.65 $0.00 $1,654.57 $295,020.61
211 $295,020.61 $735.65 $0.00 $1,668.09 $297,424.35
212 $297,424.35 $735.65 $0.00 $1,681.68 $299,841.68
213 $299,841.68 $735.65 $0.00 $1,695.35 $302,272.68
214 $302,272.68 $735.65 $0.00 $1,709.09 $304,717.42
215 $304,717.42 $735.65 $0.00 $1,722.92 $307,175.99
216 $307,175.99 $735.65 $0.00 $1,736.82 $309,648.46
217 $309,648.46 $735.65 $86,246.01 $1,750.80 $225,888.90
218 $225,888.90 $735.65 $0.00 $1,277.21 $227,901.76
219 $227,901.76 $735.65 $0.00 $1,288.59 $229,926.00
220 $229,926.00 $735.65 $0.00 $1,300.04 $231,961.69
221 $231,961.69 $735.65 $0.00 $1,311.55 $234,008.89
222 $234,008.89 $735.65 $0.00 $1,323.12 $236,067.66
223 $236,067.66 $735.65 $0.00 $1,334.76 $238,138.07
224 $238,138.07 $735.65 $0.00 $1,346.47 $240,220.19
225 $240,220.19 $735.65 $0.00 $1,358.24 $242,314.08
226 $242,314.08 $735.65 $0.00 $1,370.08 $244,419.81
227 $244,419.81 $735.65 $0.00 $1,381.99 $246,537.45
228 $246,537.45 $735.65 $0.00 $1,393.96 $248,667.06
229 $248,667.06 $735.65 $90,558.31 $1,406.00 $160,250.40
230 $160,250.40 $735.65 $0.00 $906.08 $161,892.13
231 $161,892.13 $735.65 $0.00 $915.36 $163,543.14
232 $163,543.14 $735.65 $0.00 $924.70 $165,203.49
233 $165,203.49 $735.65 $0.00 $934.08 $166,873.22
234 $166,873.22 $735.65 $0.00 $943.53 $168,552.40
235 $168,552.40 $735.65 $0.00 $953.02 $170,241.07
236 $170,241.07 $735.65 $0.00 $962.57 $171,939.29
237 $171,939.29 $735.65 $0.00 $972.17 $173,647.11
238 $173,647.11 $735.65 $0.00 $981.83 $175,364.59
239 $175,364.59 $735.65 $0.00 $991.54 $177,091.78
240 $177,091.78 $735.65 $0.00 $1,001.30 $178,828.73
241 $178,828.73 $735.65 $95,086.23 $1,011.12 $85,489.27
242 $85,489.27 $735.65 $0.00 $483.37 $86,708.29
243 $86,708.29 $735.65 $0.00 $490.26 $87,934.20
244 $87,934.20 $735.65 $0.00 $497.19 $89,167.04
245 $89,167.04 $735.65 $0.00 $504.16 $90,406.85
246 $90,406.85 $735.65 $0.00 $511.17 $91,653.67
247 $91,653.67 $735.65 $0.00 $518.22 $92,907.54
248 $92,907.54 $735.65 $0.00 $525.31 $94,168.50
249 $94,168.50 $735.65 $0.00 $532.44 $95,436.59
250 $95,436.59 $735.65 $0.00 $539.61 $96,711.85
251 $96,711.85 $735.65 $0.00 $546.82 $97,994.32
252 $97,994.32 $735.65 $0.00 $554.07 $99,284.04
253 $99,284.04 $0.00 $99,840.54 $561.37 $4.87