## Savings Plan and Future Cost Estimation

 Estimated Annual Cost in 2038 \$109,662 Monthly savings required \$868

How much will it cost to send your child to Canisius College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at \$438,646.22 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of \$868.06 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 \$42,288.00 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 Canisius College in the future.

## College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 \$0.00 \$868.06 \$0.00 \$0.00 \$868.06
2 \$868.06 \$868.06 \$0.00 \$4.91 \$1,741.03
3 \$1,741.03 \$868.06 \$0.00 \$9.84 \$2,618.93
4 \$2,618.93 \$868.06 \$0.00 \$14.81 \$3,501.80
5 \$3,501.80 \$868.06 \$0.00 \$19.80 \$4,389.66
6 \$4,389.66 \$868.06 \$0.00 \$24.82 \$5,282.54
7 \$5,282.54 \$868.06 \$0.00 \$29.87 \$6,180.47
8 \$6,180.47 \$868.06 \$0.00 \$34.95 \$7,083.48
9 \$7,083.48 \$868.06 \$0.00 \$40.05 \$7,991.59
10 \$7,991.59 \$868.06 \$0.00 \$45.19 \$8,904.84
11 \$8,904.84 \$868.06 \$0.00 \$50.35 \$9,823.25
12 \$9,823.25 \$868.06 \$0.00 \$55.54 \$10,746.85
13 \$10,746.85 \$868.06 \$0.00 \$60.76 \$11,675.67
14 \$11,675.67 \$868.06 \$0.00 \$66.02 \$12,609.75
15 \$12,609.75 \$868.06 \$0.00 \$71.30 \$13,549.11
16 \$13,549.11 \$868.06 \$0.00 \$76.61 \$14,493.78
17 \$14,493.78 \$868.06 \$0.00 \$81.95 \$15,443.79
18 \$15,443.79 \$868.06 \$0.00 \$87.32 \$16,399.17
19 \$16,399.17 \$868.06 \$0.00 \$92.72 \$17,359.95
20 \$17,359.95 \$868.06 \$0.00 \$98.16 \$18,326.17
21 \$18,326.17 \$868.06 \$0.00 \$103.62 \$19,297.85
22 \$19,297.85 \$868.06 \$0.00 \$109.11 \$20,275.02
23 \$20,275.02 \$868.06 \$0.00 \$114.64 \$21,257.72
24 \$21,257.72 \$868.06 \$0.00 \$120.19 \$22,245.97
25 \$22,245.97 \$868.06 \$0.00 \$125.78 \$23,239.81
26 \$23,239.81 \$868.06 \$0.00 \$131.40 \$24,239.27
27 \$24,239.27 \$868.06 \$0.00 \$137.05 \$25,244.38
28 \$25,244.38 \$868.06 \$0.00 \$142.74 \$26,255.18
29 \$26,255.18 \$868.06 \$0.00 \$148.45 \$27,271.69
30 \$27,271.69 \$868.06 \$0.00 \$154.20 \$28,293.95
31 \$28,293.95 \$868.06 \$0.00 \$159.98 \$29,321.99
32 \$29,321.99 \$868.06 \$0.00 \$165.79 \$30,355.84
33 \$30,355.84 \$868.06 \$0.00 \$171.64 \$31,395.54
34 \$31,395.54 \$868.06 \$0.00 \$177.51 \$32,441.11
35 \$32,441.11 \$868.06 \$0.00 \$183.43 \$33,492.60
36 \$33,492.60 \$868.06 \$0.00 \$189.37 \$34,550.03
37 \$34,550.03 \$868.06 \$0.00 \$195.35 \$35,613.44
38 \$35,613.44 \$868.06 \$0.00 \$201.36 \$36,682.86
39 \$36,682.86 \$868.06 \$0.00 \$207.41 \$37,758.33
40 \$37,758.33 \$868.06 \$0.00 \$213.49 \$38,839.88
41 \$38,839.88 \$868.06 \$0.00 \$219.61 \$39,927.55
42 \$39,927.55 \$868.06 \$0.00 \$225.76 \$41,021.37
43 \$41,021.37 \$868.06 \$0.00 \$231.94 \$42,121.37
44 \$42,121.37 \$868.06 \$0.00 \$238.16 \$43,227.59
45 \$43,227.59 \$868.06 \$0.00 \$244.42 \$44,340.07
46 \$44,340.07 \$868.06 \$0.00 \$250.71 \$45,458.84
47 \$45,458.84 \$868.06 \$0.00 \$257.03 \$46,583.93
48 \$46,583.93 \$868.06 \$0.00 \$263.39 \$47,715.38
49 \$47,715.38 \$868.06 \$0.00 \$269.79 \$48,853.23
50 \$48,853.23 \$868.06 \$0.00 \$276.22 \$49,997.51
51 \$49,997.51 \$868.06 \$0.00 \$282.69 \$51,148.26
52 \$51,148.26 \$868.06 \$0.00 \$289.20 \$52,305.52
53 \$52,305.52 \$868.06 \$0.00 \$295.74 \$53,469.32
54 \$53,469.32 \$868.06 \$0.00 \$302.32 \$54,639.70
55 \$54,639.70 \$868.06 \$0.00 \$308.94 \$55,816.70
56 \$55,816.70 \$868.06 \$0.00 \$315.60 \$57,000.36
57 \$57,000.36 \$868.06 \$0.00 \$322.29 \$58,190.71
58 \$58,190.71 \$868.06 \$0.00 \$329.02 \$59,387.79
59 \$59,387.79 \$868.06 \$0.00 \$335.79 \$60,591.64
60 \$60,591.64 \$868.06 \$0.00 \$342.59 \$61,802.29
61 \$61,802.29 \$868.06 \$0.00 \$349.44 \$63,019.79
62 \$63,019.79 \$868.06 \$0.00 \$356.32 \$64,244.17
63 \$64,244.17 \$868.06 \$0.00 \$363.25 \$65,475.48
64 \$65,475.48 \$868.06 \$0.00 \$370.21 \$66,713.75
65 \$66,713.75 \$868.06 \$0.00 \$377.21 \$67,959.02
66 \$67,959.02 \$868.06 \$0.00 \$384.25 \$69,211.33
67 \$69,211.33 \$868.06 \$0.00 \$391.33 \$70,470.72
68 \$70,470.72 \$868.06 \$0.00 \$398.45 \$71,737.23
69 \$71,737.23 \$868.06 \$0.00 \$405.61 \$73,010.90
70 \$73,010.90 \$868.06 \$0.00 \$412.81 \$74,291.77
71 \$74,291.77 \$868.06 \$0.00 \$420.06 \$75,579.89
72 \$75,579.89 \$868.06 \$0.00 \$427.34 \$76,875.29
73 \$76,875.29 \$868.06 \$0.00 \$434.66 \$78,178.01
74 \$78,178.01 \$868.06 \$0.00 \$442.03 \$79,488.10
75 \$79,488.10 \$868.06 \$0.00 \$449.44 \$80,805.60
76 \$80,805.60 \$868.06 \$0.00 \$456.89 \$82,130.55
77 \$82,130.55 \$868.06 \$0.00 \$464.38 \$83,462.99
78 \$83,462.99 \$868.06 \$0.00 \$471.91 \$84,802.96
79 \$84,802.96 \$868.06 \$0.00 \$479.49 \$86,150.51
80 \$86,150.51 \$868.06 \$0.00 \$487.11 \$87,505.68
81 \$87,505.68 \$868.06 \$0.00 \$494.77 \$88,868.51
82 \$88,868.51 \$868.06 \$0.00 \$502.48 \$90,239.05
83 \$90,239.05 \$868.06 \$0.00 \$510.22 \$91,617.33
84 \$91,617.33 \$868.06 \$0.00 \$518.02 \$93,003.41
85 \$93,003.41 \$868.06 \$0.00 \$525.85 \$94,397.32
86 \$94,397.32 \$868.06 \$0.00 \$533.74 \$95,799.12
87 \$95,799.12 \$868.06 \$0.00 \$541.66 \$97,208.84
88 \$97,208.84 \$868.06 \$0.00 \$549.63 \$98,626.53
89 \$98,626.53 \$868.06 \$0.00 \$557.65 \$100,052.24
90 \$100,052.24 \$868.06 \$0.00 \$565.71 \$101,486.01
91 \$101,486.01 \$868.06 \$0.00 \$573.82 \$102,927.89
92 \$102,927.89 \$868.06 \$0.00 \$581.97 \$104,377.92
93 \$104,377.92 \$868.06 \$0.00 \$590.17 \$105,836.15
94 \$105,836.15 \$868.06 \$0.00 \$598.41 \$107,302.62
95 \$107,302.62 \$868.06 \$0.00 \$606.70 \$108,777.38
96 \$108,777.38 \$868.06 \$0.00 \$615.04 \$110,260.48
97 \$110,260.48 \$868.06 \$0.00 \$623.43 \$111,751.97
98 \$111,751.97 \$868.06 \$0.00 \$631.86 \$113,251.89
99 \$113,251.89 \$868.06 \$0.00 \$640.34 \$114,760.29
100 \$114,760.29 \$868.06 \$0.00 \$648.87 \$116,277.22
101 \$116,277.22 \$868.06 \$0.00 \$657.45 \$117,802.73
102 \$117,802.73 \$868.06 \$0.00 \$666.07 \$119,336.86
103 \$119,336.86 \$868.06 \$0.00 \$674.75 \$120,879.67
104 \$120,879.67 \$868.06 \$0.00 \$683.47 \$122,431.20
105 \$122,431.20 \$868.06 \$0.00 \$692.24 \$123,991.50
106 \$123,991.50 \$868.06 \$0.00 \$701.07 \$125,560.63
107 \$125,560.63 \$868.06 \$0.00 \$709.94 \$127,138.63
108 \$127,138.63 \$868.06 \$0.00 \$718.86 \$128,725.55
109 \$128,725.55 \$868.06 \$0.00 \$727.83 \$130,321.44
110 \$130,321.44 \$868.06 \$0.00 \$736.86 \$131,926.36
111 \$131,926.36 \$868.06 \$0.00 \$745.93 \$133,540.35
112 \$133,540.35 \$868.06 \$0.00 \$755.06 \$135,163.47
113 \$135,163.47 \$868.06 \$0.00 \$764.23 \$136,795.76
114 \$136,795.76 \$868.06 \$0.00 \$773.46 \$138,437.28
115 \$138,437.28 \$868.06 \$0.00 \$782.74 \$140,088.08
116 \$140,088.08 \$868.06 \$0.00 \$792.08 \$141,748.22
117 \$141,748.22 \$868.06 \$0.00 \$801.47 \$143,417.75
118 \$143,417.75 \$868.06 \$0.00 \$810.90 \$145,096.71
119 \$145,096.71 \$868.06 \$0.00 \$820.40 \$146,785.17
120 \$146,785.17 \$868.06 \$0.00 \$829.94 \$148,483.17
121 \$148,483.17 \$868.06 \$0.00 \$839.55 \$150,190.78
122 \$150,190.78 \$868.06 \$0.00 \$849.20 \$151,908.04
123 \$151,908.04 \$868.06 \$0.00 \$858.91 \$153,635.01
124 \$153,635.01 \$868.06 \$0.00 \$868.67 \$155,371.74
125 \$155,371.74 \$868.06 \$0.00 \$878.49 \$157,118.29
126 \$157,118.29 \$868.06 \$0.00 \$888.37 \$158,874.72
127 \$158,874.72 \$868.06 \$0.00 \$898.30 \$160,641.08
128 \$160,641.08 \$868.06 \$0.00 \$908.29 \$162,417.43
129 \$162,417.43 \$868.06 \$0.00 \$918.33 \$164,203.82
130 \$164,203.82 \$868.06 \$0.00 \$928.43 \$166,000.31
131 \$166,000.31 \$868.06 \$0.00 \$938.59 \$167,806.96
132 \$167,806.96 \$868.06 \$0.00 \$948.80 \$169,623.82
133 \$169,623.82 \$868.06 \$0.00 \$959.08 \$171,450.96
134 \$171,450.96 \$868.06 \$0.00 \$969.41 \$173,288.43
135 \$173,288.43 \$868.06 \$0.00 \$979.80 \$175,136.29
136 \$175,136.29 \$868.06 \$0.00 \$990.25 \$176,994.60
137 \$176,994.60 \$868.06 \$0.00 \$1,000.75 \$178,863.41
138 \$178,863.41 \$868.06 \$0.00 \$1,011.32 \$180,742.79
139 \$180,742.79 \$868.06 \$0.00 \$1,021.95 \$182,632.80
140 \$182,632.80 \$868.06 \$0.00 \$1,032.63 \$184,533.49
141 \$184,533.49 \$868.06 \$0.00 \$1,043.38 \$186,444.93
142 \$186,444.93 \$868.06 \$0.00 \$1,054.19 \$188,367.18
143 \$188,367.18 \$868.06 \$0.00 \$1,065.06 \$190,300.30
144 \$190,300.30 \$868.06 \$0.00 \$1,075.99 \$192,244.35
145 \$192,244.35 \$868.06 \$0.00 \$1,086.98 \$194,199.39
146 \$194,199.39 \$868.06 \$0.00 \$1,098.03 \$196,165.48
147 \$196,165.48 \$868.06 \$0.00 \$1,109.15 \$198,142.69
148 \$198,142.69 \$868.06 \$0.00 \$1,120.33 \$200,131.08
149 \$200,131.08 \$868.06 \$0.00 \$1,131.57 \$202,130.71
150 \$202,130.71 \$868.06 \$0.00 \$1,142.88 \$204,141.65
151 \$204,141.65 \$868.06 \$0.00 \$1,154.25 \$206,163.96
152 \$206,163.96 \$868.06 \$0.00 \$1,165.68 \$208,197.70
153 \$208,197.70 \$868.06 \$0.00 \$1,177.18 \$210,242.94
154 \$210,242.94 \$868.06 \$0.00 \$1,188.74 \$212,299.74
155 \$212,299.74 \$868.06 \$0.00 \$1,200.37 \$214,368.17
156 \$214,368.17 \$868.06 \$0.00 \$1,212.07 \$216,448.30
157 \$216,448.30 \$868.06 \$0.00 \$1,223.83 \$218,540.19
158 \$218,540.19 \$868.06 \$0.00 \$1,235.66 \$220,643.91
159 \$220,643.91 \$868.06 \$0.00 \$1,247.55 \$222,759.52
160 \$222,759.52 \$868.06 \$0.00 \$1,259.51 \$224,887.09
161 \$224,887.09 \$868.06 \$0.00 \$1,271.54 \$227,026.69
162 \$227,026.69 \$868.06 \$0.00 \$1,283.64 \$229,178.39
163 \$229,178.39 \$868.06 \$0.00 \$1,295.81 \$231,342.26
164 \$231,342.26 \$868.06 \$0.00 \$1,308.04 \$233,518.36
165 \$233,518.36 \$868.06 \$0.00 \$1,320.35 \$235,706.77
166 \$235,706.77 \$868.06 \$0.00 \$1,332.72 \$237,907.55
167 \$237,907.55 \$868.06 \$0.00 \$1,345.16 \$240,120.77
168 \$240,120.77 \$868.06 \$0.00 \$1,357.68 \$242,346.51
169 \$242,346.51 \$868.06 \$0.00 \$1,370.26 \$244,584.83
170 \$244,584.83 \$868.06 \$0.00 \$1,382.92 \$246,835.81
171 \$246,835.81 \$868.06 \$0.00 \$1,395.65 \$249,099.52
172 \$249,099.52 \$868.06 \$0.00 \$1,408.44 \$251,376.02
173 \$251,376.02 \$868.06 \$0.00 \$1,421.32 \$253,665.40
174 \$253,665.40 \$868.06 \$0.00 \$1,434.26 \$255,967.72
175 \$255,967.72 \$868.06 \$0.00 \$1,447.28 \$258,283.06
176 \$258,283.06 \$868.06 \$0.00 \$1,460.37 \$260,611.49
177 \$260,611.49 \$868.06 \$0.00 \$1,473.54 \$262,953.09
178 \$262,953.09 \$868.06 \$0.00 \$1,486.78 \$265,307.93
179 \$265,307.93 \$868.06 \$0.00 \$1,500.09 \$267,676.08
180 \$267,676.08 \$868.06 \$0.00 \$1,513.48 \$270,057.62
181 \$270,057.62 \$868.06 \$0.00 \$1,526.95 \$272,452.63
182 \$272,452.63 \$868.06 \$0.00 \$1,540.49 \$274,861.18
183 \$274,861.18 \$868.06 \$0.00 \$1,554.11 \$277,283.35
184 \$277,283.35 \$868.06 \$0.00 \$1,567.80 \$279,719.21
185 \$279,719.21 \$868.06 \$0.00 \$1,581.57 \$282,168.84
186 \$282,168.84 \$868.06 \$0.00 \$1,595.42 \$284,632.32
187 \$284,632.32 \$868.06 \$0.00 \$1,609.35 \$287,109.73
188 \$287,109.73 \$868.06 \$0.00 \$1,623.36 \$289,601.15
189 \$289,601.15 \$868.06 \$0.00 \$1,637.45 \$292,106.66
190 \$292,106.66 \$868.06 \$0.00 \$1,651.61 \$294,626.33
191 \$294,626.33 \$868.06 \$0.00 \$1,665.86 \$297,160.25
192 \$297,160.25 \$868.06 \$0.00 \$1,680.19 \$299,708.50
193 \$299,708.50 \$868.06 \$0.00 \$1,694.60 \$302,271.16
194 \$302,271.16 \$868.06 \$0.00 \$1,709.09 \$304,848.31
195 \$304,848.31 \$868.06 \$0.00 \$1,723.66 \$307,440.03
196 \$307,440.03 \$868.06 \$0.00 \$1,738.31 \$310,046.40
197 \$310,046.40 \$868.06 \$0.00 \$1,753.05 \$312,667.51
198 \$312,667.51 \$868.06 \$0.00 \$1,767.87 \$315,303.44
199 \$315,303.44 \$868.06 \$0.00 \$1,782.77 \$317,954.27
200 \$317,954.27 \$868.06 \$0.00 \$1,797.76 \$320,620.09
201 \$320,620.09 \$868.06 \$0.00 \$1,812.83 \$323,300.98
202 \$323,300.98 \$868.06 \$0.00 \$1,827.99 \$325,997.03
203 \$325,997.03 \$868.06 \$0.00 \$1,843.23 \$328,708.32
204 \$328,708.32 \$868.06 \$0.00 \$1,858.56 \$331,434.94
205 \$331,434.94 \$868.06 \$0.00 \$1,873.98 \$334,176.98
206 \$334,176.98 \$868.06 \$0.00 \$1,889.49 \$336,934.53
207 \$336,934.53 \$868.06 \$0.00 \$1,905.08 \$339,707.67
208 \$339,707.67 \$868.06 \$0.00 \$1,920.76 \$342,496.49
209 \$342,496.49 \$868.06 \$0.00 \$1,936.52 \$345,301.07
210 \$345,301.07 \$868.06 \$0.00 \$1,952.38 \$348,121.51
211 \$348,121.51 \$868.06 \$0.00 \$1,968.33 \$350,957.90
212 \$350,957.90 \$868.06 \$0.00 \$1,984.37 \$353,810.33
213 \$353,810.33 \$868.06 \$0.00 \$2,000.50 \$356,678.89
214 \$356,678.89 \$868.06 \$0.00 \$2,016.71 \$359,563.66
215 \$359,563.66 \$868.06 \$0.00 \$2,033.03 \$362,464.75
216 \$362,464.75 \$868.06 \$0.00 \$2,049.43 \$365,382.24
217 \$365,382.24 \$868.06 \$101,771.11 \$2,065.92 \$266,545.11
218 \$266,545.11 \$868.06 \$0.00 \$1,507.08 \$268,920.25
219 \$268,920.25 \$868.06 \$0.00 \$1,520.51 \$271,308.82
220 \$271,308.82 \$868.06 \$0.00 \$1,534.02 \$273,710.90
221 \$273,710.90 \$868.06 \$0.00 \$1,547.60 \$276,126.56
222 \$276,126.56 \$868.06 \$0.00 \$1,561.26 \$278,555.88
223 \$278,555.88 \$868.06 \$0.00 \$1,575.00 \$280,998.94
224 \$280,998.94 \$868.06 \$0.00 \$1,588.81 \$283,455.81
225 \$283,455.81 \$868.06 \$0.00 \$1,602.70 \$285,926.57
226 \$285,926.57 \$868.06 \$0.00 \$1,616.67 \$288,411.30
227 \$288,411.30 \$868.06 \$0.00 \$1,630.72 \$290,910.08
228 \$290,910.08 \$868.06 \$0.00 \$1,644.85 \$293,422.99
229 \$293,422.99 \$868.06 \$106,859.67 \$1,659.06 \$189,090.44
230 \$189,090.44 \$868.06 \$0.00 \$1,069.14 \$191,027.64
231 \$191,027.64 \$868.06 \$0.00 \$1,080.10 \$192,975.80
232 \$192,975.80 \$868.06 \$0.00 \$1,091.11 \$194,934.97
233 \$194,934.97 \$868.06 \$0.00 \$1,102.19 \$196,905.22
234 \$196,905.22 \$868.06 \$0.00 \$1,113.33 \$198,886.61
235 \$198,886.61 \$868.06 \$0.00 \$1,124.53 \$200,879.20
236 \$200,879.20 \$868.06 \$0.00 \$1,135.80 \$202,883.06
237 \$202,883.06 \$868.06 \$0.00 \$1,147.13 \$204,898.25
238 \$204,898.25 \$868.06 \$0.00 \$1,158.52 \$206,924.83
239 \$206,924.83 \$868.06 \$0.00 \$1,169.98 \$208,962.87
240 \$208,962.87 \$868.06 \$0.00 \$1,181.51 \$211,012.44
241 \$211,012.44 \$868.06 \$112,202.65 \$1,193.10 \$100,870.95
242 \$100,870.95 \$868.06 \$0.00 \$570.34 \$102,309.35
243 \$102,309.35 \$868.06 \$0.00 \$578.47 \$103,755.88
244 \$103,755.88 \$868.06 \$0.00 \$586.65 \$105,210.59
245 \$105,210.59 \$868.06 \$0.00 \$594.88 \$106,673.53
246 \$106,673.53 \$868.06 \$0.00 \$603.15 \$108,144.74
247 \$108,144.74 \$868.06 \$0.00 \$611.47 \$109,624.27
248 \$109,624.27 \$868.06 \$0.00 \$619.83 \$111,112.16
249 \$111,112.16 \$868.06 \$0.00 \$628.24 \$112,608.46
250 \$112,608.46 \$868.06 \$0.00 \$636.70 \$114,113.22
251 \$114,113.22 \$868.06 \$0.00 \$645.21 \$115,626.49
252 \$115,626.49 \$868.06 \$0.00 \$653.77 \$117,148.32
253 \$117,148.32 \$0.00 \$117,812.79 \$662.37 (\$2.10)