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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$46,678
Monthly savings required$370

How much will it cost to send your child to Beis Medrash Heichal Dovid in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $186,710.94 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $369.50 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$18,000.00
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 $369.50 $0.00 $0.00 $369.50
2 $369.50 $369.50 $0.00 $2.09 $741.09
3 $741.09 $369.50 $0.00 $4.19 $1,114.78
4 $1,114.78 $369.50 $0.00 $6.30 $1,490.58
5 $1,490.58 $369.50 $0.00 $8.43 $1,868.51
6 $1,868.51 $369.50 $0.00 $10.56 $2,248.57
7 $2,248.57 $369.50 $0.00 $12.71 $2,630.78
8 $2,630.78 $369.50 $0.00 $14.87 $3,015.15
9 $3,015.15 $369.50 $0.00 $17.05 $3,401.70
10 $3,401.70 $369.50 $0.00 $19.23 $3,790.43
11 $3,790.43 $369.50 $0.00 $21.43 $4,181.36
12 $4,181.36 $369.50 $0.00 $23.64 $4,574.50
13 $4,574.50 $369.50 $0.00 $25.86 $4,969.86
14 $4,969.86 $369.50 $0.00 $28.10 $5,367.46
15 $5,367.46 $369.50 $0.00 $30.35 $5,767.31
16 $5,767.31 $369.50 $0.00 $32.61 $6,169.42
17 $6,169.42 $369.50 $0.00 $34.88 $6,573.80
18 $6,573.80 $369.50 $0.00 $37.17 $6,980.47
19 $6,980.47 $369.50 $0.00 $39.47 $7,389.44
20 $7,389.44 $369.50 $0.00 $41.78 $7,800.72
21 $7,800.72 $369.50 $0.00 $44.11 $8,214.33
22 $8,214.33 $369.50 $0.00 $46.45 $8,630.28
23 $8,630.28 $369.50 $0.00 $48.80 $9,048.58
24 $9,048.58 $369.50 $0.00 $51.16 $9,469.24
25 $9,469.24 $369.50 $0.00 $53.54 $9,892.28
26 $9,892.28 $369.50 $0.00 $55.93 $10,317.71
27 $10,317.71 $369.50 $0.00 $58.34 $10,745.55
28 $10,745.55 $369.50 $0.00 $60.76 $11,175.81
29 $11,175.81 $369.50 $0.00 $63.19 $11,608.50
30 $11,608.50 $369.50 $0.00 $65.64 $12,043.64
31 $12,043.64 $369.50 $0.00 $68.10 $12,481.24
32 $12,481.24 $369.50 $0.00 $70.57 $12,921.31
33 $12,921.31 $369.50 $0.00 $73.06 $13,363.87
34 $13,363.87 $369.50 $0.00 $75.56 $13,808.93
35 $13,808.93 $369.50 $0.00 $78.08 $14,256.51
36 $14,256.51 $369.50 $0.00 $80.61 $14,706.62
37 $14,706.62 $369.50 $0.00 $83.15 $15,159.27
38 $15,159.27 $369.50 $0.00 $85.71 $15,614.48
39 $15,614.48 $369.50 $0.00 $88.29 $16,072.27
40 $16,072.27 $369.50 $0.00 $90.87 $16,532.64
41 $16,532.64 $369.50 $0.00 $93.48 $16,995.62
42 $16,995.62 $369.50 $0.00 $96.10 $17,461.22
43 $17,461.22 $369.50 $0.00 $98.73 $17,929.45
44 $17,929.45 $369.50 $0.00 $101.38 $18,400.33
45 $18,400.33 $369.50 $0.00 $104.04 $18,873.87
46 $18,873.87 $369.50 $0.00 $106.72 $19,350.09
47 $19,350.09 $369.50 $0.00 $109.41 $19,829.00
48 $19,829.00 $369.50 $0.00 $112.12 $20,310.62
49 $20,310.62 $369.50 $0.00 $114.84 $20,794.96
50 $20,794.96 $369.50 $0.00 $117.58 $21,282.04
51 $21,282.04 $369.50 $0.00 $120.33 $21,771.87
52 $21,771.87 $369.50 $0.00 $123.10 $22,264.47
53 $22,264.47 $369.50 $0.00 $125.89 $22,759.86
54 $22,759.86 $369.50 $0.00 $128.69 $23,258.05
55 $23,258.05 $369.50 $0.00 $131.50 $23,759.05
56 $23,759.05 $369.50 $0.00 $134.34 $24,262.89
57 $24,262.89 $369.50 $0.00 $137.19 $24,769.58
58 $24,769.58 $369.50 $0.00 $140.05 $25,279.13
59 $25,279.13 $369.50 $0.00 $142.93 $25,791.56
60 $25,791.56 $369.50 $0.00 $145.83 $26,306.89
61 $26,306.89 $369.50 $0.00 $148.74 $26,825.13
62 $26,825.13 $369.50 $0.00 $151.67 $27,346.30
63 $27,346.30 $369.50 $0.00 $154.62 $27,870.42
64 $27,870.42 $369.50 $0.00 $157.58 $28,397.50
65 $28,397.50 $369.50 $0.00 $160.56 $28,927.56
66 $28,927.56 $369.50 $0.00 $163.56 $29,460.62
67 $29,460.62 $369.50 $0.00 $166.57 $29,996.69
68 $29,996.69 $369.50 $0.00 $169.61 $30,535.80
69 $30,535.80 $369.50 $0.00 $172.65 $31,077.95
70 $31,077.95 $369.50 $0.00 $175.72 $31,623.17
71 $31,623.17 $369.50 $0.00 $178.80 $32,171.47
72 $32,171.47 $369.50 $0.00 $181.90 $32,722.87
73 $32,722.87 $369.50 $0.00 $185.02 $33,277.39
74 $33,277.39 $369.50 $0.00 $188.16 $33,835.05
75 $33,835.05 $369.50 $0.00 $191.31 $34,395.86
76 $34,395.86 $369.50 $0.00 $194.48 $34,959.84
77 $34,959.84 $369.50 $0.00 $197.67 $35,527.01
78 $35,527.01 $369.50 $0.00 $200.87 $36,097.38
79 $36,097.38 $369.50 $0.00 $204.10 $36,670.98
80 $36,670.98 $369.50 $0.00 $207.34 $37,247.82
81 $37,247.82 $369.50 $0.00 $210.60 $37,827.92
82 $37,827.92 $369.50 $0.00 $213.88 $38,411.30
83 $38,411.30 $369.50 $0.00 $217.18 $38,997.98
84 $38,997.98 $369.50 $0.00 $220.50 $39,587.98
85 $39,587.98 $369.50 $0.00 $223.84 $40,181.32
86 $40,181.32 $369.50 $0.00 $227.19 $40,778.01
87 $40,778.01 $369.50 $0.00 $230.56 $41,378.07
88 $41,378.07 $369.50 $0.00 $233.96 $41,981.53
89 $41,981.53 $369.50 $0.00 $237.37 $42,588.40
90 $42,588.40 $369.50 $0.00 $240.80 $43,198.70
91 $43,198.70 $369.50 $0.00 $244.25 $43,812.45
92 $43,812.45 $369.50 $0.00 $247.72 $44,429.67
93 $44,429.67 $369.50 $0.00 $251.21 $45,050.38
94 $45,050.38 $369.50 $0.00 $254.72 $45,674.60
95 $45,674.60 $369.50 $0.00 $258.25 $46,302.35
96 $46,302.35 $369.50 $0.00 $261.80 $46,933.65
97 $46,933.65 $369.50 $0.00 $265.37 $47,568.52
98 $47,568.52 $369.50 $0.00 $268.96 $48,206.98
99 $48,206.98 $369.50 $0.00 $272.57 $48,849.05
100 $48,849.05 $369.50 $0.00 $276.20 $49,494.75
101 $49,494.75 $369.50 $0.00 $279.85 $50,144.10
102 $50,144.10 $369.50 $0.00 $283.52 $50,797.12
103 $50,797.12 $369.50 $0.00 $287.21 $51,453.83
104 $51,453.83 $369.50 $0.00 $290.93 $52,114.26
105 $52,114.26 $369.50 $0.00 $294.66 $52,778.42
106 $52,778.42 $369.50 $0.00 $298.42 $53,446.34
107 $53,446.34 $369.50 $0.00 $302.19 $54,118.03
108 $54,118.03 $369.50 $0.00 $305.99 $54,793.52
109 $54,793.52 $369.50 $0.00 $309.81 $55,472.83
110 $55,472.83 $369.50 $0.00 $313.65 $56,155.98
111 $56,155.98 $369.50 $0.00 $317.51 $56,842.99
112 $56,842.99 $369.50 $0.00 $321.40 $57,533.89
113 $57,533.89 $369.50 $0.00 $325.30 $58,228.69
114 $58,228.69 $369.50 $0.00 $329.23 $58,927.42
115 $58,927.42 $369.50 $0.00 $333.18 $59,630.10
116 $59,630.10 $369.50 $0.00 $337.16 $60,336.76
117 $60,336.76 $369.50 $0.00 $341.15 $61,047.41
118 $61,047.41 $369.50 $0.00 $345.17 $61,762.08
119 $61,762.08 $369.50 $0.00 $349.21 $62,480.79
120 $62,480.79 $369.50 $0.00 $353.28 $63,203.57
121 $63,203.57 $369.50 $0.00 $357.36 $63,930.43
122 $63,930.43 $369.50 $0.00 $361.47 $64,661.40
123 $64,661.40 $369.50 $0.00 $365.60 $65,396.50
124 $65,396.50 $369.50 $0.00 $369.76 $66,135.76
125 $66,135.76 $369.50 $0.00 $373.94 $66,879.20
126 $66,879.20 $369.50 $0.00 $378.14 $67,626.84
127 $67,626.84 $369.50 $0.00 $382.37 $68,378.71
128 $68,378.71 $369.50 $0.00 $386.62 $69,134.83
129 $69,134.83 $369.50 $0.00 $390.90 $69,895.23
130 $69,895.23 $369.50 $0.00 $395.20 $70,659.93
131 $70,659.93 $369.50 $0.00 $399.52 $71,428.95
132 $71,428.95 $369.50 $0.00 $403.87 $72,202.32
133 $72,202.32 $369.50 $0.00 $408.24 $72,980.06
134 $72,980.06 $369.50 $0.00 $412.64 $73,762.20
135 $73,762.20 $369.50 $0.00 $417.06 $74,548.76
136 $74,548.76 $369.50 $0.00 $421.51 $75,339.77
137 $75,339.77 $369.50 $0.00 $425.98 $76,135.25
138 $76,135.25 $369.50 $0.00 $430.48 $76,935.23
139 $76,935.23 $369.50 $0.00 $435.00 $77,739.73
140 $77,739.73 $369.50 $0.00 $439.55 $78,548.78
141 $78,548.78 $369.50 $0.00 $444.13 $79,362.41
142 $79,362.41 $369.50 $0.00 $448.73 $80,180.64
143 $80,180.64 $369.50 $0.00 $453.35 $81,003.49
144 $81,003.49 $369.50 $0.00 $458.01 $81,831.00
145 $81,831.00 $369.50 $0.00 $462.68 $82,663.18
146 $82,663.18 $369.50 $0.00 $467.39 $83,500.07
147 $83,500.07 $369.50 $0.00 $472.12 $84,341.69
148 $84,341.69 $369.50 $0.00 $476.88 $85,188.07
149 $85,188.07 $369.50 $0.00 $481.67 $86,039.24
150 $86,039.24 $369.50 $0.00 $486.48 $86,895.22
151 $86,895.22 $369.50 $0.00 $491.32 $87,756.04
152 $87,756.04 $369.50 $0.00 $496.19 $88,621.73
153 $88,621.73 $369.50 $0.00 $501.08 $89,492.31
154 $89,492.31 $369.50 $0.00 $506.00 $90,367.81
155 $90,367.81 $369.50 $0.00 $510.95 $91,248.26
156 $91,248.26 $369.50 $0.00 $515.93 $92,133.69
157 $92,133.69 $369.50 $0.00 $520.94 $93,024.13
158 $93,024.13 $369.50 $0.00 $525.97 $93,919.60
159 $93,919.60 $369.50 $0.00 $531.04 $94,820.14
160 $94,820.14 $369.50 $0.00 $536.13 $95,725.77
161 $95,725.77 $369.50 $0.00 $541.25 $96,636.52
162 $96,636.52 $369.50 $0.00 $546.40 $97,552.42
163 $97,552.42 $369.50 $0.00 $551.58 $98,473.50
164 $98,473.50 $369.50 $0.00 $556.78 $99,399.78
165 $99,399.78 $369.50 $0.00 $562.02 $100,331.30
166 $100,331.30 $369.50 $0.00 $567.29 $101,268.09
167 $101,268.09 $369.50 $0.00 $572.58 $102,210.17
168 $102,210.17 $369.50 $0.00 $577.91 $103,157.58
169 $103,157.58 $369.50 $0.00 $583.27 $104,110.35
170 $104,110.35 $369.50 $0.00 $588.66 $105,068.51
171 $105,068.51 $369.50 $0.00 $594.07 $106,032.08
172 $106,032.08 $369.50 $0.00 $599.52 $107,001.10
173 $107,001.10 $369.50 $0.00 $605.00 $107,975.60
174 $107,975.60 $369.50 $0.00 $610.51 $108,955.61
175 $108,955.61 $369.50 $0.00 $616.05 $109,941.16
176 $109,941.16 $369.50 $0.00 $621.62 $110,932.28
177 $110,932.28 $369.50 $0.00 $627.23 $111,929.01
178 $111,929.01 $369.50 $0.00 $632.86 $112,931.37
179 $112,931.37 $369.50 $0.00 $638.53 $113,939.40
180 $113,939.40 $369.50 $0.00 $644.23 $114,953.13
181 $114,953.13 $369.50 $0.00 $649.96 $115,972.59
182 $115,972.59 $369.50 $0.00 $655.73 $116,997.82
183 $116,997.82 $369.50 $0.00 $661.52 $118,028.84
184 $118,028.84 $369.50 $0.00 $667.35 $119,065.69
185 $119,065.69 $369.50 $0.00 $673.21 $120,108.40
186 $120,108.40 $369.50 $0.00 $679.11 $121,157.01
187 $121,157.01 $369.50 $0.00 $685.04 $122,211.55
188 $122,211.55 $369.50 $0.00 $691.00 $123,272.05
189 $123,272.05 $369.50 $0.00 $697.00 $124,338.55
190 $124,338.55 $369.50 $0.00 $703.03 $125,411.08
191 $125,411.08 $369.50 $0.00 $709.09 $126,489.67
192 $126,489.67 $369.50 $0.00 $715.19 $127,574.36
193 $127,574.36 $369.50 $0.00 $721.32 $128,665.18
194 $128,665.18 $369.50 $0.00 $727.49 $129,762.17
195 $129,762.17 $369.50 $0.00 $733.69 $130,865.36
196 $130,865.36 $369.50 $0.00 $739.93 $131,974.79
197 $131,974.79 $369.50 $0.00 $746.20 $133,090.49
198 $133,090.49 $369.50 $0.00 $752.51 $134,212.50
199 $134,212.50 $369.50 $0.00 $758.86 $135,340.86
200 $135,340.86 $369.50 $0.00 $765.24 $136,475.60
201 $136,475.60 $369.50 $0.00 $771.65 $137,616.75
202 $137,616.75 $369.50 $0.00 $778.11 $138,764.36
203 $138,764.36 $369.50 $0.00 $784.59 $139,918.45
204 $139,918.45 $369.50 $0.00 $791.12 $141,079.07
205 $141,079.07 $369.50 $0.00 $797.68 $142,246.25
206 $142,246.25 $369.50 $0.00 $804.28 $143,420.03
207 $143,420.03 $369.50 $0.00 $810.92 $144,600.45
208 $144,600.45 $369.50 $0.00 $817.59 $145,787.54
209 $145,787.54 $369.50 $0.00 $824.30 $146,981.34
210 $146,981.34 $369.50 $0.00 $831.05 $148,181.89
211 $148,181.89 $369.50 $0.00 $837.84 $149,389.23
212 $149,389.23 $369.50 $0.00 $844.67 $150,603.40
213 $150,603.40 $369.50 $0.00 $851.53 $151,824.43
214 $151,824.43 $369.50 $0.00 $858.44 $153,052.37
215 $153,052.37 $369.50 $0.00 $865.38 $154,287.25
216 $154,287.25 $369.50 $0.00 $872.36 $155,529.11
217 $155,529.11 $369.50 $43,319.15 $879.38 $113,458.84
218 $113,458.84 $369.50 $0.00 $641.51 $114,469.85
219 $114,469.85 $369.50 $0.00 $647.23 $115,486.58
220 $115,486.58 $369.50 $0.00 $652.98 $116,509.06
221 $116,509.06 $369.50 $0.00 $658.76 $117,537.32
222 $117,537.32 $369.50 $0.00 $664.57 $118,571.39
223 $118,571.39 $369.50 $0.00 $670.42 $119,611.31
224 $119,611.31 $369.50 $0.00 $676.30 $120,657.11
225 $120,657.11 $369.50 $0.00 $682.21 $121,708.82
226 $121,708.82 $369.50 $0.00 $688.16 $122,766.48
227 $122,766.48 $369.50 $0.00 $694.14 $123,830.12
228 $123,830.12 $369.50 $0.00 $700.15 $124,899.77
229 $124,899.77 $369.50 $45,485.10 $706.20 $80,490.37
230 $80,490.37 $369.50 $0.00 $455.10 $81,314.97
231 $81,314.97 $369.50 $0.00 $459.77 $82,144.24
232 $82,144.24 $369.50 $0.00 $464.46 $82,978.20
233 $82,978.20 $369.50 $0.00 $469.17 $83,816.87
234 $83,816.87 $369.50 $0.00 $473.91 $84,660.28
235 $84,660.28 $369.50 $0.00 $478.68 $85,508.46
236 $85,508.46 $369.50 $0.00 $483.48 $86,361.44
237 $86,361.44 $369.50 $0.00 $488.30 $87,219.24
238 $87,219.24 $369.50 $0.00 $493.15 $88,081.89
239 $88,081.89 $369.50 $0.00 $498.03 $88,949.42
240 $88,949.42 $369.50 $0.00 $502.93 $89,821.85
241 $89,821.85 $369.50 $47,759.36 $507.87 $42,939.86
242 $42,939.86 $369.50 $0.00 $242.79 $43,552.15
243 $43,552.15 $369.50 $0.00 $246.25 $44,167.90
244 $44,167.90 $369.50 $0.00 $249.73 $44,787.13
245 $44,787.13 $369.50 $0.00 $253.23 $45,409.86
246 $45,409.86 $369.50 $0.00 $256.75 $46,036.11
247 $46,036.11 $369.50 $0.00 $260.29 $46,665.90
248 $46,665.90 $369.50 $0.00 $263.86 $47,299.26
249 $47,299.26 $369.50 $0.00 $267.44 $47,936.20
250 $47,936.20 $369.50 $0.00 $271.04 $48,576.74
251 $48,576.74 $369.50 $0.00 $274.66 $49,220.90
252 $49,220.90 $369.50 $0.00 $278.30 $49,868.70
253 $49,868.70 $0.00 $50,147.33 $281.96 $3.33