Savings Plan and Future Cost Estimation for Colgate University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$313,828
Monthly savings required$2,480

How much will it cost to send your child to Colgate University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $1,255,311.01 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $2,480.25 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$83,650.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $2,480.25 $0.00 $0.00 $2,480.25
2 $2,480.25 $2,480.25 $0.00 $14.02 $4,974.52
3 $4,974.52 $2,480.25 $0.00 $28.13 $7,482.90
4 $7,482.90 $2,480.25 $0.00 $42.31 $10,005.46
5 $10,005.46 $2,480.25 $0.00 $56.57 $12,542.28
6 $12,542.28 $2,480.25 $0.00 $70.92 $15,093.45
7 $15,093.45 $2,480.25 $0.00 $85.34 $17,659.04
8 $17,659.04 $2,480.25 $0.00 $99.85 $20,239.14
9 $20,239.14 $2,480.25 $0.00 $114.44 $22,833.83
10 $22,833.83 $2,480.25 $0.00 $129.11 $25,443.19
11 $25,443.19 $2,480.25 $0.00 $143.86 $28,067.30
12 $28,067.30 $2,480.25 $0.00 $158.70 $30,706.25
13 $30,706.25 $2,480.25 $0.00 $173.62 $33,360.12
14 $33,360.12 $2,480.25 $0.00 $188.62 $36,028.99
15 $36,028.99 $2,480.25 $0.00 $203.71 $38,712.95
16 $38,712.95 $2,480.25 $0.00 $218.89 $41,412.09
17 $41,412.09 $2,480.25 $0.00 $234.15 $44,126.49
18 $44,126.49 $2,480.25 $0.00 $249.50 $46,856.24
19 $46,856.24 $2,480.25 $0.00 $264.93 $49,601.42
20 $49,601.42 $2,480.25 $0.00 $280.45 $52,362.12
21 $52,362.12 $2,480.25 $0.00 $296.06 $55,138.43
22 $55,138.43 $2,480.25 $0.00 $311.76 $57,930.44
23 $57,930.44 $2,480.25 $0.00 $327.55 $60,738.24
24 $60,738.24 $2,480.25 $0.00 $343.42 $63,561.91
25 $63,561.91 $2,480.25 $0.00 $359.39 $66,401.55
26 $66,401.55 $2,480.25 $0.00 $375.44 $69,257.24
27 $69,257.24 $2,480.25 $0.00 $391.59 $72,129.08
28 $72,129.08 $2,480.25 $0.00 $407.83 $75,017.16
29 $75,017.16 $2,480.25 $0.00 $424.16 $77,921.57
30 $77,921.57 $2,480.25 $0.00 $440.58 $80,842.40
31 $80,842.40 $2,480.25 $0.00 $457.09 $83,779.74
32 $83,779.74 $2,480.25 $0.00 $473.70 $86,733.69
33 $86,733.69 $2,480.25 $0.00 $490.40 $89,704.34
34 $89,704.34 $2,480.25 $0.00 $507.20 $92,691.79
35 $92,691.79 $2,480.25 $0.00 $524.09 $95,696.13
36 $95,696.13 $2,480.25 $0.00 $541.08 $98,717.46
37 $98,717.46 $2,480.25 $0.00 $558.16 $101,755.87
38 $101,755.87 $2,480.25 $0.00 $575.34 $104,811.46
39 $104,811.46 $2,480.25 $0.00 $592.62 $107,884.33
40 $107,884.33 $2,480.25 $0.00 $609.99 $110,974.57
41 $110,974.57 $2,480.25 $0.00 $627.47 $114,082.29
42 $114,082.29 $2,480.25 $0.00 $645.04 $117,207.58
43 $117,207.58 $2,480.25 $0.00 $662.71 $120,350.54
44 $120,350.54 $2,480.25 $0.00 $680.48 $123,511.27
45 $123,511.27 $2,480.25 $0.00 $698.35 $126,689.87
46 $126,689.87 $2,480.25 $0.00 $716.32 $129,886.44
47 $129,886.44 $2,480.25 $0.00 $734.40 $133,101.09
48 $133,101.09 $2,480.25 $0.00 $752.57 $136,333.91
49 $136,333.91 $2,480.25 $0.00 $770.85 $139,585.01
50 $139,585.01 $2,480.25 $0.00 $789.23 $142,854.49
51 $142,854.49 $2,480.25 $0.00 $807.72 $146,142.46
52 $146,142.46 $2,480.25 $0.00 $826.31 $149,449.02
53 $149,449.02 $2,480.25 $0.00 $845.01 $152,774.28
54 $152,774.28 $2,480.25 $0.00 $863.81 $156,118.34
55 $156,118.34 $2,480.25 $0.00 $882.72 $159,481.31
56 $159,481.31 $2,480.25 $0.00 $901.73 $162,863.29
57 $162,863.29 $2,480.25 $0.00 $920.85 $166,264.39
58 $166,264.39 $2,480.25 $0.00 $940.08 $169,684.72
59 $169,684.72 $2,480.25 $0.00 $959.42 $173,124.39
60 $173,124.39 $2,480.25 $0.00 $978.87 $176,583.51
61 $176,583.51 $2,480.25 $0.00 $998.43 $180,062.19
62 $180,062.19 $2,480.25 $0.00 $1,018.10 $183,560.54
63 $183,560.54 $2,480.25 $0.00 $1,037.88 $187,078.67
64 $187,078.67 $2,480.25 $0.00 $1,057.77 $190,616.69
65 $190,616.69 $2,480.25 $0.00 $1,077.77 $194,174.71
66 $194,174.71 $2,480.25 $0.00 $1,097.89 $197,752.85
67 $197,752.85 $2,480.25 $0.00 $1,118.12 $201,351.22
68 $201,351.22 $2,480.25 $0.00 $1,138.47 $204,969.94
69 $204,969.94 $2,480.25 $0.00 $1,158.93 $208,609.12
70 $208,609.12 $2,480.25 $0.00 $1,179.51 $212,268.88
71 $212,268.88 $2,480.25 $0.00 $1,200.20 $215,949.33
72 $215,949.33 $2,480.25 $0.00 $1,221.01 $219,650.59
73 $219,650.59 $2,480.25 $0.00 $1,241.94 $223,372.78
74 $223,372.78 $2,480.25 $0.00 $1,262.98 $227,116.01
75 $227,116.01 $2,480.25 $0.00 $1,284.15 $230,880.41
76 $230,880.41 $2,480.25 $0.00 $1,305.43 $234,666.09
77 $234,666.09 $2,480.25 $0.00 $1,326.84 $238,473.18
78 $238,473.18 $2,480.25 $0.00 $1,348.36 $242,301.79
79 $242,301.79 $2,480.25 $0.00 $1,370.01 $246,152.05
80 $246,152.05 $2,480.25 $0.00 $1,391.78 $250,024.08
81 $250,024.08 $2,480.25 $0.00 $1,413.67 $253,918.00
82 $253,918.00 $2,480.25 $0.00 $1,435.69 $257,833.94
83 $257,833.94 $2,480.25 $0.00 $1,457.83 $261,772.02
84 $261,772.02 $2,480.25 $0.00 $1,480.10 $265,732.37
85 $265,732.37 $2,480.25 $0.00 $1,502.49 $269,715.11
86 $269,715.11 $2,480.25 $0.00 $1,525.01 $273,720.37
87 $273,720.37 $2,480.25 $0.00 $1,547.65 $277,748.27
88 $277,748.27 $2,480.25 $0.00 $1,570.43 $281,798.95
89 $281,798.95 $2,480.25 $0.00 $1,593.33 $285,872.53
90 $285,872.53 $2,480.25 $0.00 $1,616.36 $289,969.14
91 $289,969.14 $2,480.25 $0.00 $1,639.53 $294,088.92
92 $294,088.92 $2,480.25 $0.00 $1,662.82 $298,231.99
93 $298,231.99 $2,480.25 $0.00 $1,686.25 $302,398.49
94 $302,398.49 $2,480.25 $0.00 $1,709.81 $306,588.55
95 $306,588.55 $2,480.25 $0.00 $1,733.50 $310,802.30
96 $310,802.30 $2,480.25 $0.00 $1,757.32 $315,039.87
97 $315,039.87 $2,480.25 $0.00 $1,781.28 $319,301.40
98 $319,301.40 $2,480.25 $0.00 $1,805.38 $323,587.03
99 $323,587.03 $2,480.25 $0.00 $1,829.61 $327,896.89
100 $327,896.89 $2,480.25 $0.00 $1,853.98 $332,231.12
101 $332,231.12 $2,480.25 $0.00 $1,878.48 $336,589.85
102 $336,589.85 $2,480.25 $0.00 $1,903.13 $340,973.23
103 $340,973.23 $2,480.25 $0.00 $1,927.91 $345,381.39
104 $345,381.39 $2,480.25 $0.00 $1,952.84 $349,814.48
105 $349,814.48 $2,480.25 $0.00 $1,977.90 $354,272.63
106 $354,272.63 $2,480.25 $0.00 $2,003.11 $358,755.99
107 $358,755.99 $2,480.25 $0.00 $2,028.46 $363,264.70
108 $363,264.70 $2,480.25 $0.00 $2,053.95 $367,798.90
109 $367,798.90 $2,480.25 $0.00 $2,079.59 $372,358.74
110 $372,358.74 $2,480.25 $0.00 $2,105.37 $376,944.36
111 $376,944.36 $2,480.25 $0.00 $2,131.30 $381,555.91
112 $381,555.91 $2,480.25 $0.00 $2,157.37 $386,193.53
113 $386,193.53 $2,480.25 $0.00 $2,183.59 $390,857.37
114 $390,857.37 $2,480.25 $0.00 $2,209.96 $395,547.58
115 $395,547.58 $2,480.25 $0.00 $2,236.48 $400,264.31
116 $400,264.31 $2,480.25 $0.00 $2,263.15 $405,007.71
117 $405,007.71 $2,480.25 $0.00 $2,289.97 $409,777.93
118 $409,777.93 $2,480.25 $0.00 $2,316.94 $414,575.12
119 $414,575.12 $2,480.25 $0.00 $2,344.07 $419,399.44
120 $419,399.44 $2,480.25 $0.00 $2,371.35 $424,251.04
121 $424,251.04 $2,480.25 $0.00 $2,398.78 $429,130.07
122 $429,130.07 $2,480.25 $0.00 $2,426.36 $434,036.68
123 $434,036.68 $2,480.25 $0.00 $2,454.11 $438,971.04
124 $438,971.04 $2,480.25 $0.00 $2,482.01 $443,933.30
125 $443,933.30 $2,480.25 $0.00 $2,510.06 $448,923.61
126 $448,923.61 $2,480.25 $0.00 $2,538.28 $453,942.14
127 $453,942.14 $2,480.25 $0.00 $2,566.65 $458,989.04
128 $458,989.04 $2,480.25 $0.00 $2,595.19 $464,064.48
129 $464,064.48 $2,480.25 $0.00 $2,623.89 $469,168.62
130 $469,168.62 $2,480.25 $0.00 $2,652.75 $474,301.62
131 $474,301.62 $2,480.25 $0.00 $2,681.77 $479,463.64
132 $479,463.64 $2,480.25 $0.00 $2,710.96 $484,654.85
133 $484,654.85 $2,480.25 $0.00 $2,740.31 $489,875.41
134 $489,875.41 $2,480.25 $0.00 $2,769.83 $495,125.49
135 $495,125.49 $2,480.25 $0.00 $2,799.51 $500,405.25
136 $500,405.25 $2,480.25 $0.00 $2,829.36 $505,714.86
137 $505,714.86 $2,480.25 $0.00 $2,859.39 $511,054.50
138 $511,054.50 $2,480.25 $0.00 $2,889.58 $516,424.33
139 $516,424.33 $2,480.25 $0.00 $2,919.94 $521,824.52
140 $521,824.52 $2,480.25 $0.00 $2,950.47 $527,255.24
141 $527,255.24 $2,480.25 $0.00 $2,981.18 $532,716.67
142 $532,716.67 $2,480.25 $0.00 $3,012.06 $538,208.98
143 $538,208.98 $2,480.25 $0.00 $3,043.11 $543,732.34
144 $543,732.34 $2,480.25 $0.00 $3,074.34 $549,286.93
145 $549,286.93 $2,480.25 $0.00 $3,105.75 $554,872.93
146 $554,872.93 $2,480.25 $0.00 $3,137.33 $560,490.51
147 $560,490.51 $2,480.25 $0.00 $3,169.09 $566,139.85
148 $566,139.85 $2,480.25 $0.00 $3,201.04 $571,821.14
149 $571,821.14 $2,480.25 $0.00 $3,233.16 $577,534.55
150 $577,534.55 $2,480.25 $0.00 $3,265.46 $583,280.26
151 $583,280.26 $2,480.25 $0.00 $3,297.95 $589,058.46
152 $589,058.46 $2,480.25 $0.00 $3,330.62 $594,869.33
153 $594,869.33 $2,480.25 $0.00 $3,363.48 $600,713.06
154 $600,713.06 $2,480.25 $0.00 $3,396.52 $606,589.83
155 $606,589.83 $2,480.25 $0.00 $3,429.75 $612,499.83
156 $612,499.83 $2,480.25 $0.00 $3,463.16 $618,443.24
157 $618,443.24 $2,480.25 $0.00 $3,496.77 $624,420.26
158 $624,420.26 $2,480.25 $0.00 $3,530.56 $630,431.07
159 $630,431.07 $2,480.25 $0.00 $3,564.55 $636,475.87
160 $636,475.87 $2,480.25 $0.00 $3,598.73 $642,554.85
161 $642,554.85 $2,480.25 $0.00 $3,633.10 $648,668.20
162 $648,668.20 $2,480.25 $0.00 $3,667.66 $654,816.11
163 $654,816.11 $2,480.25 $0.00 $3,702.43 $660,998.79
164 $660,998.79 $2,480.25 $0.00 $3,737.38 $667,216.42
165 $667,216.42 $2,480.25 $0.00 $3,772.54 $673,469.21
166 $673,469.21 $2,480.25 $0.00 $3,807.89 $679,757.35
167 $679,757.35 $2,480.25 $0.00 $3,843.45 $686,081.05
168 $686,081.05 $2,480.25 $0.00 $3,879.20 $692,440.50
169 $692,440.50 $2,480.25 $0.00 $3,915.16 $698,835.91
170 $698,835.91 $2,480.25 $0.00 $3,951.32 $705,267.48
171 $705,267.48 $2,480.25 $0.00 $3,987.68 $711,735.41
172 $711,735.41 $2,480.25 $0.00 $4,024.26 $718,239.92
173 $718,239.92 $2,480.25 $0.00 $4,061.03 $724,781.20
174 $724,781.20 $2,480.25 $0.00 $4,098.02 $731,359.47
175 $731,359.47 $2,480.25 $0.00 $4,135.21 $737,974.93
176 $737,974.93 $2,480.25 $0.00 $4,172.62 $744,627.80
177 $744,627.80 $2,480.25 $0.00 $4,210.23 $751,318.28
178 $751,318.28 $2,480.25 $0.00 $4,248.06 $758,046.59
179 $758,046.59 $2,480.25 $0.00 $4,286.11 $764,812.95
180 $764,812.95 $2,480.25 $0.00 $4,324.36 $771,617.56
181 $771,617.56 $2,480.25 $0.00 $4,362.84 $778,460.65
182 $778,460.65 $2,480.25 $0.00 $4,401.53 $785,342.43
183 $785,342.43 $2,480.25 $0.00 $4,440.44 $792,263.12
184 $792,263.12 $2,480.25 $0.00 $4,479.57 $799,222.94
185 $799,222.94 $2,480.25 $0.00 $4,518.92 $806,222.11
186 $806,222.11 $2,480.25 $0.00 $4,558.50 $813,260.86
187 $813,260.86 $2,480.25 $0.00 $4,598.30 $820,339.41
188 $820,339.41 $2,480.25 $0.00 $4,638.32 $827,457.98
189 $827,457.98 $2,480.25 $0.00 $4,678.57 $834,616.80
190 $834,616.80 $2,480.25 $0.00 $4,719.04 $841,816.09
191 $841,816.09 $2,480.25 $0.00 $4,759.75 $849,056.09
192 $849,056.09 $2,480.25 $0.00 $4,800.69 $856,337.03
193 $856,337.03 $2,480.25 $0.00 $4,841.85 $863,659.13
194 $863,659.13 $2,480.25 $0.00 $4,883.25 $871,022.63
195 $871,022.63 $2,480.25 $0.00 $4,924.89 $878,427.77
196 $878,427.77 $2,480.25 $0.00 $4,966.76 $885,874.78
197 $885,874.78 $2,480.25 $0.00 $5,008.86 $893,363.89
198 $893,363.89 $2,480.25 $0.00 $5,051.21 $900,895.35
199 $900,895.35 $2,480.25 $0.00 $5,093.79 $908,469.39
200 $908,469.39 $2,480.25 $0.00 $5,136.62 $916,086.26
201 $916,086.26 $2,480.25 $0.00 $5,179.68 $923,746.19
202 $923,746.19 $2,480.25 $0.00 $5,223.00 $931,449.44
203 $931,449.44 $2,480.25 $0.00 $5,266.55 $939,196.24
204 $939,196.24 $2,480.25 $0.00 $5,310.35 $946,986.84
205 $946,986.84 $2,480.25 $0.00 $5,354.40 $954,821.49
206 $954,821.49 $2,480.25 $0.00 $5,398.70 $962,700.44
207 $962,700.44 $2,480.25 $0.00 $5,443.25 $970,623.94
208 $970,623.94 $2,480.25 $0.00 $5,488.05 $978,592.24
209 $978,592.24 $2,480.25 $0.00 $5,533.10 $986,605.59
210 $986,605.59 $2,480.25 $0.00 $5,578.41 $994,664.25
211 $994,664.25 $2,480.25 $0.00 $5,623.98 $1,002,768.48
212 $1,002,768.48 $2,480.25 $0.00 $5,669.80 $1,010,918.53
213 $1,010,918.53 $2,480.25 $0.00 $5,715.88 $1,019,114.66
214 $1,019,114.66 $2,480.25 $0.00 $5,762.22 $1,027,357.13
215 $1,027,357.13 $2,480.25 $0.00 $5,808.83 $1,035,646.21
216 $1,035,646.21 $2,480.25 $0.00 $5,855.69 $1,043,982.15
217 $1,043,982.15 $2,480.25 $282,731.33 $5,902.83 $769,633.90
218 $769,633.90 $2,480.25 $0.00 $4,351.62 $776,465.77
219 $776,465.77 $2,480.25 $0.00 $4,390.25 $783,336.27
220 $783,336.27 $2,480.25 $0.00 $4,429.10 $790,245.62
221 $790,245.62 $2,480.25 $0.00 $4,468.16 $797,194.03
222 $797,194.03 $2,480.25 $0.00 $4,507.45 $804,181.73
223 $804,181.73 $2,480.25 $0.00 $4,546.96 $811,208.94
224 $811,208.94 $2,480.25 $0.00 $4,586.69 $818,275.88
225 $818,275.88 $2,480.25 $0.00 $4,626.65 $825,382.78
226 $825,382.78 $2,480.25 $0.00 $4,666.83 $832,529.86
227 $832,529.86 $2,480.25 $0.00 $4,707.24 $839,717.35
228 $839,717.35 $2,480.25 $0.00 $4,747.88 $846,945.48
229 $846,945.48 $2,480.25 $302,522.53 $4,788.75 $551,691.95
230 $551,691.95 $2,480.25 $0.00 $3,119.35 $557,291.55
231 $557,291.55 $2,480.25 $0.00 $3,151.01 $562,922.81
232 $562,922.81 $2,480.25 $0.00 $3,182.85 $568,585.91
233 $568,585.91 $2,480.25 $0.00 $3,214.87 $574,281.03
234 $574,281.03 $2,480.25 $0.00 $3,247.07 $580,008.35
235 $580,008.35 $2,480.25 $0.00 $3,279.45 $585,768.05
236 $585,768.05 $2,480.25 $0.00 $3,312.02 $591,560.32
237 $591,560.32 $2,480.25 $0.00 $3,344.77 $597,385.34
238 $597,385.34 $2,480.25 $0.00 $3,377.70 $603,243.29
239 $603,243.29 $2,480.25 $0.00 $3,410.83 $609,134.37
240 $609,134.37 $2,480.25 $0.00 $3,444.13 $615,058.75
241 $615,058.75 $2,480.25 $323,699.11 $3,477.63 $297,317.52
242 $297,317.52 $2,480.25 $0.00 $1,681.08 $301,478.85
243 $301,478.85 $2,480.25 $0.00 $1,704.61 $305,663.71
244 $305,663.71 $2,480.25 $0.00 $1,728.27 $309,872.23
245 $309,872.23 $2,480.25 $0.00 $1,752.06 $314,104.54
246 $314,104.54 $2,480.25 $0.00 $1,775.99 $318,360.78
247 $318,360.78 $2,480.25 $0.00 $1,800.06 $322,641.09
248 $322,641.09 $2,480.25 $0.00 $1,824.26 $326,945.60
249 $326,945.60 $2,480.25 $0.00 $1,848.60 $331,274.45
250 $331,274.45 $2,480.25 $0.00 $1,873.07 $335,627.77
251 $335,627.77 $2,480.25 $0.00 $1,897.69 $340,005.71
252 $340,005.71 $2,480.25 $0.00 $1,922.44 $344,408.40
253 $344,408.40 $0.00 $346,358.04 $1,947.34 -$2.30