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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$176,629
Monthly savings required$1,398

How much will it cost to send your child to Clarkson University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $706,514.18 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,398.16 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$68,112.00
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 $1,398.16 $0.00 $0.00 $1,398.16
2 $1,398.16 $1,398.16 $0.00 $7.91 $2,804.23
3 $2,804.23 $1,398.16 $0.00 $15.86 $4,218.25
4 $4,218.25 $1,398.16 $0.00 $23.85 $5,640.26
5 $5,640.26 $1,398.16 $0.00 $31.89 $7,070.31
6 $7,070.31 $1,398.16 $0.00 $39.98 $8,508.45
7 $8,508.45 $1,398.16 $0.00 $48.11 $9,954.72
8 $9,954.72 $1,398.16 $0.00 $56.29 $11,409.17
9 $11,409.17 $1,398.16 $0.00 $64.51 $12,871.84
10 $12,871.84 $1,398.16 $0.00 $72.78 $14,342.78
11 $14,342.78 $1,398.16 $0.00 $81.10 $15,822.04
12 $15,822.04 $1,398.16 $0.00 $89.46 $17,309.66
13 $17,309.66 $1,398.16 $0.00 $97.87 $18,805.69
14 $18,805.69 $1,398.16 $0.00 $106.33 $20,310.18
15 $20,310.18 $1,398.16 $0.00 $114.84 $21,823.18
16 $21,823.18 $1,398.16 $0.00 $123.39 $23,344.73
17 $23,344.73 $1,398.16 $0.00 $131.99 $24,874.88
18 $24,874.88 $1,398.16 $0.00 $140.65 $26,413.69
19 $26,413.69 $1,398.16 $0.00 $149.35 $27,961.20
20 $27,961.20 $1,398.16 $0.00 $158.10 $29,517.46
21 $29,517.46 $1,398.16 $0.00 $166.90 $31,082.52
22 $31,082.52 $1,398.16 $0.00 $175.75 $32,656.43
23 $32,656.43 $1,398.16 $0.00 $184.64 $34,239.23
24 $34,239.23 $1,398.16 $0.00 $193.59 $35,830.98
25 $35,830.98 $1,398.16 $0.00 $202.59 $37,431.73
26 $37,431.73 $1,398.16 $0.00 $211.64 $39,041.53
27 $39,041.53 $1,398.16 $0.00 $220.75 $40,660.44
28 $40,660.44 $1,398.16 $0.00 $229.90 $42,288.50
29 $42,288.50 $1,398.16 $0.00 $239.11 $43,925.77
30 $43,925.77 $1,398.16 $0.00 $248.36 $45,572.29
31 $45,572.29 $1,398.16 $0.00 $257.67 $47,228.12
32 $47,228.12 $1,398.16 $0.00 $267.03 $48,893.31
33 $48,893.31 $1,398.16 $0.00 $276.45 $50,567.92
34 $50,567.92 $1,398.16 $0.00 $285.92 $52,252.00
35 $52,252.00 $1,398.16 $0.00 $295.44 $53,945.60
36 $53,945.60 $1,398.16 $0.00 $305.02 $55,648.78
37 $55,648.78 $1,398.16 $0.00 $314.65 $57,361.59
38 $57,361.59 $1,398.16 $0.00 $324.33 $59,084.08
39 $59,084.08 $1,398.16 $0.00 $334.07 $60,816.31
40 $60,816.31 $1,398.16 $0.00 $343.86 $62,558.33
41 $62,558.33 $1,398.16 $0.00 $353.71 $64,310.20
42 $64,310.20 $1,398.16 $0.00 $363.62 $66,071.98
43 $66,071.98 $1,398.16 $0.00 $373.58 $67,843.72
44 $67,843.72 $1,398.16 $0.00 $383.60 $69,625.48
45 $69,625.48 $1,398.16 $0.00 $393.67 $71,417.31
46 $71,417.31 $1,398.16 $0.00 $403.80 $73,219.27
47 $73,219.27 $1,398.16 $0.00 $413.99 $75,031.42
48 $75,031.42 $1,398.16 $0.00 $424.24 $76,853.82
49 $76,853.82 $1,398.16 $0.00 $434.54 $78,686.52
50 $78,686.52 $1,398.16 $0.00 $444.91 $80,529.59
51 $80,529.59 $1,398.16 $0.00 $455.33 $82,383.08
52 $82,383.08 $1,398.16 $0.00 $465.81 $84,247.05
53 $84,247.05 $1,398.16 $0.00 $476.35 $86,121.56
54 $86,121.56 $1,398.16 $0.00 $486.94 $88,006.66
55 $88,006.66 $1,398.16 $0.00 $497.60 $89,902.42
56 $89,902.42 $1,398.16 $0.00 $508.32 $91,808.90
57 $91,808.90 $1,398.16 $0.00 $519.10 $93,726.16
58 $93,726.16 $1,398.16 $0.00 $529.94 $95,654.26
59 $95,654.26 $1,398.16 $0.00 $540.84 $97,593.26
60 $97,593.26 $1,398.16 $0.00 $551.81 $99,543.23
61 $99,543.23 $1,398.16 $0.00 $562.83 $101,504.22
62 $101,504.22 $1,398.16 $0.00 $573.92 $103,476.30
63 $103,476.30 $1,398.16 $0.00 $585.07 $105,459.53
64 $105,459.53 $1,398.16 $0.00 $596.28 $107,453.97
65 $107,453.97 $1,398.16 $0.00 $607.56 $109,459.69
66 $109,459.69 $1,398.16 $0.00 $618.90 $111,476.75
67 $111,476.75 $1,398.16 $0.00 $630.31 $113,505.22
68 $113,505.22 $1,398.16 $0.00 $641.78 $115,545.16
69 $115,545.16 $1,398.16 $0.00 $653.31 $117,596.63
70 $117,596.63 $1,398.16 $0.00 $664.91 $119,659.70
71 $119,659.70 $1,398.16 $0.00 $676.57 $121,734.43
72 $121,734.43 $1,398.16 $0.00 $688.30 $123,820.89
73 $123,820.89 $1,398.16 $0.00 $700.10 $125,919.15
74 $125,919.15 $1,398.16 $0.00 $711.97 $128,029.28
75 $128,029.28 $1,398.16 $0.00 $723.90 $130,151.34
76 $130,151.34 $1,398.16 $0.00 $735.89 $132,285.39
77 $132,285.39 $1,398.16 $0.00 $747.96 $134,431.51
78 $134,431.51 $1,398.16 $0.00 $760.10 $136,589.77
79 $136,589.77 $1,398.16 $0.00 $772.30 $138,760.23
80 $138,760.23 $1,398.16 $0.00 $784.57 $140,942.96
81 $140,942.96 $1,398.16 $0.00 $796.91 $143,138.03
82 $143,138.03 $1,398.16 $0.00 $809.32 $145,345.51
83 $145,345.51 $1,398.16 $0.00 $821.80 $147,565.47
84 $147,565.47 $1,398.16 $0.00 $834.36 $149,797.99
85 $149,797.99 $1,398.16 $0.00 $846.98 $152,043.13
86 $152,043.13 $1,398.16 $0.00 $859.67 $154,300.96
87 $154,300.96 $1,398.16 $0.00 $872.44 $156,571.56
88 $156,571.56 $1,398.16 $0.00 $885.28 $158,855.00
89 $158,855.00 $1,398.16 $0.00 $898.19 $161,151.35
90 $161,151.35 $1,398.16 $0.00 $911.17 $163,460.68
91 $163,460.68 $1,398.16 $0.00 $924.23 $165,783.07
92 $165,783.07 $1,398.16 $0.00 $937.36 $168,118.59
93 $168,118.59 $1,398.16 $0.00 $950.57 $170,467.32
94 $170,467.32 $1,398.16 $0.00 $963.85 $172,829.33
95 $172,829.33 $1,398.16 $0.00 $977.20 $175,204.69
96 $175,204.69 $1,398.16 $0.00 $990.63 $177,593.48
97 $177,593.48 $1,398.16 $0.00 $1,004.14 $179,995.78
98 $179,995.78 $1,398.16 $0.00 $1,017.72 $182,411.66
99 $182,411.66 $1,398.16 $0.00 $1,031.38 $184,841.20
100 $184,841.20 $1,398.16 $0.00 $1,045.12 $187,284.48
101 $187,284.48 $1,398.16 $0.00 $1,058.93 $189,741.57
102 $189,741.57 $1,398.16 $0.00 $1,072.83 $192,212.56
103 $192,212.56 $1,398.16 $0.00 $1,086.80 $194,697.52
104 $194,697.52 $1,398.16 $0.00 $1,100.85 $197,196.53
105 $197,196.53 $1,398.16 $0.00 $1,114.98 $199,709.67
106 $199,709.67 $1,398.16 $0.00 $1,129.19 $202,237.02
107 $202,237.02 $1,398.16 $0.00 $1,143.48 $204,778.66
108 $204,778.66 $1,398.16 $0.00 $1,157.85 $207,334.67
109 $207,334.67 $1,398.16 $0.00 $1,172.30 $209,905.13
110 $209,905.13 $1,398.16 $0.00 $1,186.83 $212,490.12
111 $212,490.12 $1,398.16 $0.00 $1,201.45 $215,089.73
112 $215,089.73 $1,398.16 $0.00 $1,216.15 $217,704.04
113 $217,704.04 $1,398.16 $0.00 $1,230.93 $220,333.13
114 $220,333.13 $1,398.16 $0.00 $1,245.80 $222,977.09
115 $222,977.09 $1,398.16 $0.00 $1,260.74 $225,635.99
116 $225,635.99 $1,398.16 $0.00 $1,275.78 $228,309.93
117 $228,309.93 $1,398.16 $0.00 $1,290.90 $230,998.99
118 $230,998.99 $1,398.16 $0.00 $1,306.10 $233,703.25
119 $233,703.25 $1,398.16 $0.00 $1,321.39 $236,422.80
120 $236,422.80 $1,398.16 $0.00 $1,336.77 $239,157.73
121 $239,157.73 $1,398.16 $0.00 $1,352.23 $241,908.12
122 $241,908.12 $1,398.16 $0.00 $1,367.78 $244,674.06
123 $244,674.06 $1,398.16 $0.00 $1,383.42 $247,455.64
124 $247,455.64 $1,398.16 $0.00 $1,399.15 $250,252.95
125 $250,252.95 $1,398.16 $0.00 $1,414.97 $253,066.08
126 $253,066.08 $1,398.16 $0.00 $1,430.87 $255,895.11
127 $255,895.11 $1,398.16 $0.00 $1,446.87 $258,740.14
128 $258,740.14 $1,398.16 $0.00 $1,462.95 $261,601.25
129 $261,601.25 $1,398.16 $0.00 $1,479.13 $264,478.54
130 $264,478.54 $1,398.16 $0.00 $1,495.40 $267,372.10
131 $267,372.10 $1,398.16 $0.00 $1,511.76 $270,282.02
132 $270,282.02 $1,398.16 $0.00 $1,528.21 $273,208.39
133 $273,208.39 $1,398.16 $0.00 $1,544.76 $276,151.31
134 $276,151.31 $1,398.16 $0.00 $1,561.40 $279,110.87
135 $279,110.87 $1,398.16 $0.00 $1,578.13 $282,087.16
136 $282,087.16 $1,398.16 $0.00 $1,594.96 $285,080.28
137 $285,080.28 $1,398.16 $0.00 $1,611.89 $288,090.33
138 $288,090.33 $1,398.16 $0.00 $1,628.90 $291,117.39
139 $291,117.39 $1,398.16 $0.00 $1,646.02 $294,161.57
140 $294,161.57 $1,398.16 $0.00 $1,663.23 $297,222.96
141 $297,222.96 $1,398.16 $0.00 $1,680.54 $300,301.66
142 $300,301.66 $1,398.16 $0.00 $1,697.95 $303,397.77
143 $303,397.77 $1,398.16 $0.00 $1,715.46 $306,511.39
144 $306,511.39 $1,398.16 $0.00 $1,733.06 $309,642.61
145 $309,642.61 $1,398.16 $0.00 $1,750.76 $312,791.53
146 $312,791.53 $1,398.16 $0.00 $1,768.57 $315,958.26
147 $315,958.26 $1,398.16 $0.00 $1,786.47 $319,142.89
148 $319,142.89 $1,398.16 $0.00 $1,804.48 $322,345.53
149 $322,345.53 $1,398.16 $0.00 $1,822.59 $325,566.28
150 $325,566.28 $1,398.16 $0.00 $1,840.80 $328,805.24
151 $328,805.24 $1,398.16 $0.00 $1,859.11 $332,062.51
152 $332,062.51 $1,398.16 $0.00 $1,877.53 $335,338.20
153 $335,338.20 $1,398.16 $0.00 $1,896.05 $338,632.41
154 $338,632.41 $1,398.16 $0.00 $1,914.68 $341,945.25
155 $341,945.25 $1,398.16 $0.00 $1,933.41 $345,276.82
156 $345,276.82 $1,398.16 $0.00 $1,952.25 $348,627.23
157 $348,627.23 $1,398.16 $0.00 $1,971.19 $351,996.58
158 $351,996.58 $1,398.16 $0.00 $1,990.24 $355,384.98
159 $355,384.98 $1,398.16 $0.00 $2,009.40 $358,792.54
160 $358,792.54 $1,398.16 $0.00 $2,028.67 $362,219.37
161 $362,219.37 $1,398.16 $0.00 $2,048.04 $365,665.57
162 $365,665.57 $1,398.16 $0.00 $2,067.53 $369,131.26
163 $369,131.26 $1,398.16 $0.00 $2,087.12 $372,616.54
164 $372,616.54 $1,398.16 $0.00 $2,106.83 $376,121.53
165 $376,121.53 $1,398.16 $0.00 $2,126.65 $379,646.34
166 $379,646.34 $1,398.16 $0.00 $2,146.58 $383,191.08
167 $383,191.08 $1,398.16 $0.00 $2,166.62 $386,755.86
168 $386,755.86 $1,398.16 $0.00 $2,186.77 $390,340.79
169 $390,340.79 $1,398.16 $0.00 $2,207.04 $393,945.99
170 $393,945.99 $1,398.16 $0.00 $2,227.43 $397,571.58
171 $397,571.58 $1,398.16 $0.00 $2,247.93 $401,217.67
172 $401,217.67 $1,398.16 $0.00 $2,268.54 $404,884.37
173 $404,884.37 $1,398.16 $0.00 $2,289.28 $408,571.81
174 $408,571.81 $1,398.16 $0.00 $2,310.12 $412,280.09
175 $412,280.09 $1,398.16 $0.00 $2,331.09 $416,009.34
176 $416,009.34 $1,398.16 $0.00 $2,352.18 $419,759.68
177 $419,759.68 $1,398.16 $0.00 $2,373.38 $423,531.22
178 $423,531.22 $1,398.16 $0.00 $2,394.71 $427,324.09
179 $427,324.09 $1,398.16 $0.00 $2,416.15 $431,138.40
180 $431,138.40 $1,398.16 $0.00 $2,437.72 $434,974.28
181 $434,974.28 $1,398.16 $0.00 $2,459.41 $438,831.85
182 $438,831.85 $1,398.16 $0.00 $2,481.22 $442,711.23
183 $442,711.23 $1,398.16 $0.00 $2,503.15 $446,612.54
184 $446,612.54 $1,398.16 $0.00 $2,525.21 $450,535.91
185 $450,535.91 $1,398.16 $0.00 $2,547.40 $454,481.47
186 $454,481.47 $1,398.16 $0.00 $2,569.70 $458,449.33
187 $458,449.33 $1,398.16 $0.00 $2,592.14 $462,439.63
188 $462,439.63 $1,398.16 $0.00 $2,614.70 $466,452.49
189 $466,452.49 $1,398.16 $0.00 $2,637.39 $470,488.04
190 $470,488.04 $1,398.16 $0.00 $2,660.21 $474,546.41
191 $474,546.41 $1,398.16 $0.00 $2,683.15 $478,627.72
192 $478,627.72 $1,398.16 $0.00 $2,706.23 $482,732.11
193 $482,732.11 $1,398.16 $0.00 $2,729.44 $486,859.71
194 $486,859.71 $1,398.16 $0.00 $2,752.78 $491,010.65
195 $491,010.65 $1,398.16 $0.00 $2,776.25 $495,185.06
196 $495,185.06 $1,398.16 $0.00 $2,799.85 $499,383.07
197 $499,383.07 $1,398.16 $0.00 $2,823.58 $503,604.81
198 $503,604.81 $1,398.16 $0.00 $2,847.45 $507,850.42
199 $507,850.42 $1,398.16 $0.00 $2,871.46 $512,120.04
200 $512,120.04 $1,398.16 $0.00 $2,895.60 $516,413.80
201 $516,413.80 $1,398.16 $0.00 $2,919.88 $520,731.84
202 $520,731.84 $1,398.16 $0.00 $2,944.29 $525,074.29
203 $525,074.29 $1,398.16 $0.00 $2,968.85 $529,441.30
204 $529,441.30 $1,398.16 $0.00 $2,993.54 $533,833.00
205 $533,833.00 $1,398.16 $0.00 $3,018.37 $538,249.53
206 $538,249.53 $1,398.16 $0.00 $3,043.34 $542,691.03
207 $542,691.03 $1,398.16 $0.00 $3,068.45 $547,157.64
208 $547,157.64 $1,398.16 $0.00 $3,093.71 $551,649.51
209 $551,649.51 $1,398.16 $0.00 $3,119.11 $556,166.78
210 $556,166.78 $1,398.16 $0.00 $3,144.65 $560,709.59
211 $560,709.59 $1,398.16 $0.00 $3,170.33 $565,278.08
212 $565,278.08 $1,398.16 $0.00 $3,196.16 $569,872.40
213 $569,872.40 $1,398.16 $0.00 $3,222.14 $574,492.70
214 $574,492.70 $1,398.16 $0.00 $3,248.27 $579,139.13
215 $579,139.13 $1,398.16 $0.00 $3,274.54 $583,811.83
216 $583,811.83 $1,398.16 $0.00 $3,300.96 $588,510.95
217 $588,510.95 $1,398.16 $163,919.65 $3,327.53 $429,316.99
218 $429,316.99 $1,398.16 $0.00 $2,427.42 $433,142.57
219 $433,142.57 $1,398.16 $0.00 $2,449.05 $436,989.78
220 $436,989.78 $1,398.16 $0.00 $2,470.80 $440,858.74
221 $440,858.74 $1,398.16 $0.00 $2,492.68 $444,749.58
222 $444,749.58 $1,398.16 $0.00 $2,514.68 $448,662.42
223 $448,662.42 $1,398.16 $0.00 $2,536.80 $452,597.38
224 $452,597.38 $1,398.16 $0.00 $2,559.05 $456,554.59
225 $456,554.59 $1,398.16 $0.00 $2,581.43 $460,534.18
226 $460,534.18 $1,398.16 $0.00 $2,603.93 $464,536.27
227 $464,536.27 $1,398.16 $0.00 $2,626.56 $468,560.99
228 $468,560.99 $1,398.16 $0.00 $2,649.31 $472,608.46
229 $472,608.46 $1,398.16 $172,115.63 $2,672.20 $304,563.19
230 $304,563.19 $1,398.16 $0.00 $1,722.04 $307,683.39
231 $307,683.39 $1,398.16 $0.00 $1,739.69 $310,821.24
232 $310,821.24 $1,398.16 $0.00 $1,757.43 $313,976.83
233 $313,976.83 $1,398.16 $0.00 $1,775.27 $317,150.26
234 $317,150.26 $1,398.16 $0.00 $1,793.21 $320,341.63
235 $320,341.63 $1,398.16 $0.00 $1,811.26 $323,551.05
236 $323,551.05 $1,398.16 $0.00 $1,829.40 $326,778.61
237 $326,778.61 $1,398.16 $0.00 $1,847.65 $330,024.42
238 $330,024.42 $1,398.16 $0.00 $1,866.01 $333,288.59
239 $333,288.59 $1,398.16 $0.00 $1,884.46 $336,571.21
240 $336,571.21 $1,398.16 $0.00 $1,903.02 $339,872.39
241 $339,872.39 $1,398.16 $180,721.41 $1,921.69 $162,470.83
242 $162,470.83 $1,398.16 $0.00 $918.63 $164,787.62
243 $164,787.62 $1,398.16 $0.00 $931.73 $167,117.51
244 $167,117.51 $1,398.16 $0.00 $944.91 $169,460.58
245 $169,460.58 $1,398.16 $0.00 $958.15 $171,816.89
246 $171,816.89 $1,398.16 $0.00 $971.48 $174,186.53
247 $174,186.53 $1,398.16 $0.00 $984.88 $176,569.57
248 $176,569.57 $1,398.16 $0.00 $998.35 $178,966.08
249 $178,966.08 $1,398.16 $0.00 $1,011.90 $181,376.14
250 $181,376.14 $1,398.16 $0.00 $1,025.53 $183,799.83
251 $183,799.83 $1,398.16 $0.00 $1,039.23 $186,237.22
252 $186,237.22 $1,398.16 $0.00 $1,053.01 $188,688.39
253 $188,688.39 $0.00 $189,757.48 $1,066.87 ($2.22)