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 2039$194,529
Monthly savings required$1,540

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 $778,117.82 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,539.86 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$75,015.00
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 $1,539.86 $0.00 $0.00 $1,539.86
2 $1,539.86 $1,539.86 $0.00 $8.71 $3,088.43
3 $3,088.43 $1,539.86 $0.00 $17.46 $4,645.75
4 $4,645.75 $1,539.86 $0.00 $26.27 $6,211.88
5 $6,211.88 $1,539.86 $0.00 $35.12 $7,786.86
6 $7,786.86 $1,539.86 $0.00 $44.03 $9,370.75
7 $9,370.75 $1,539.86 $0.00 $52.98 $10,963.59
8 $10,963.59 $1,539.86 $0.00 $61.99 $12,565.44
9 $12,565.44 $1,539.86 $0.00 $71.05 $14,176.35
10 $14,176.35 $1,539.86 $0.00 $80.16 $15,796.37
11 $15,796.37 $1,539.86 $0.00 $89.31 $17,425.54
12 $17,425.54 $1,539.86 $0.00 $98.53 $19,063.93
13 $19,063.93 $1,539.86 $0.00 $107.79 $20,711.58
14 $20,711.58 $1,539.86 $0.00 $117.11 $22,368.55
15 $22,368.55 $1,539.86 $0.00 $126.48 $24,034.89
16 $24,034.89 $1,539.86 $0.00 $135.90 $25,710.65
17 $25,710.65 $1,539.86 $0.00 $145.37 $27,395.88
18 $27,395.88 $1,539.86 $0.00 $154.90 $29,090.64
19 $29,090.64 $1,539.86 $0.00 $164.48 $30,794.98
20 $30,794.98 $1,539.86 $0.00 $174.12 $32,508.96
21 $32,508.96 $1,539.86 $0.00 $183.81 $34,232.63
22 $34,232.63 $1,539.86 $0.00 $193.56 $35,966.05
23 $35,966.05 $1,539.86 $0.00 $203.36 $37,709.27
24 $37,709.27 $1,539.86 $0.00 $213.21 $39,462.34
25 $39,462.34 $1,539.86 $0.00 $223.13 $41,225.33
26 $41,225.33 $1,539.86 $0.00 $233.09 $42,998.28
27 $42,998.28 $1,539.86 $0.00 $243.12 $44,781.26
28 $44,781.26 $1,539.86 $0.00 $253.20 $46,574.32
29 $46,574.32 $1,539.86 $0.00 $263.34 $48,377.52
30 $48,377.52 $1,539.86 $0.00 $273.53 $50,190.91
31 $50,190.91 $1,539.86 $0.00 $283.79 $52,014.56
32 $52,014.56 $1,539.86 $0.00 $294.10 $53,848.52
33 $53,848.52 $1,539.86 $0.00 $304.47 $55,692.85
34 $55,692.85 $1,539.86 $0.00 $314.90 $57,547.61
35 $57,547.61 $1,539.86 $0.00 $325.38 $59,412.85
36 $59,412.85 $1,539.86 $0.00 $335.93 $61,288.64
37 $61,288.64 $1,539.86 $0.00 $346.53 $63,175.03
38 $63,175.03 $1,539.86 $0.00 $357.20 $65,072.09
39 $65,072.09 $1,539.86 $0.00 $367.93 $66,979.88
40 $66,979.88 $1,539.86 $0.00 $378.71 $68,898.45
41 $68,898.45 $1,539.86 $0.00 $389.56 $70,827.87
42 $70,827.87 $1,539.86 $0.00 $400.47 $72,768.20
43 $72,768.20 $1,539.86 $0.00 $411.44 $74,719.50
44 $74,719.50 $1,539.86 $0.00 $422.47 $76,681.83
45 $76,681.83 $1,539.86 $0.00 $433.57 $78,655.26
46 $78,655.26 $1,539.86 $0.00 $444.73 $80,639.85
47 $80,639.85 $1,539.86 $0.00 $455.95 $82,635.66
48 $82,635.66 $1,539.86 $0.00 $467.23 $84,642.75
49 $84,642.75 $1,539.86 $0.00 $478.58 $86,661.19
50 $86,661.19 $1,539.86 $0.00 $489.99 $88,691.04
51 $88,691.04 $1,539.86 $0.00 $501.47 $90,732.37
52 $90,732.37 $1,539.86 $0.00 $513.01 $92,785.24
53 $92,785.24 $1,539.86 $0.00 $524.62 $94,849.72
54 $94,849.72 $1,539.86 $0.00 $536.29 $96,925.87
55 $96,925.87 $1,539.86 $0.00 $548.03 $99,013.76
56 $99,013.76 $1,539.86 $0.00 $559.84 $101,113.46
57 $101,113.46 $1,539.86 $0.00 $571.71 $103,225.03
58 $103,225.03 $1,539.86 $0.00 $583.65 $105,348.54
59 $105,348.54 $1,539.86 $0.00 $595.66 $107,484.06
60 $107,484.06 $1,539.86 $0.00 $607.73 $109,631.65
61 $109,631.65 $1,539.86 $0.00 $619.87 $111,791.38
62 $111,791.38 $1,539.86 $0.00 $632.08 $113,963.32
63 $113,963.32 $1,539.86 $0.00 $644.37 $116,147.55
64 $116,147.55 $1,539.86 $0.00 $656.72 $118,344.13
65 $118,344.13 $1,539.86 $0.00 $669.13 $120,553.12
66 $120,553.12 $1,539.86 $0.00 $681.62 $122,774.60
67 $122,774.60 $1,539.86 $0.00 $694.19 $125,008.65
68 $125,008.65 $1,539.86 $0.00 $706.82 $127,255.33
69 $127,255.33 $1,539.86 $0.00 $719.52 $129,514.71
70 $129,514.71 $1,539.86 $0.00 $732.30 $131,786.87
71 $131,786.87 $1,539.86 $0.00 $745.14 $134,071.87
72 $134,071.87 $1,539.86 $0.00 $758.06 $136,369.79
73 $136,369.79 $1,539.86 $0.00 $771.05 $138,680.70
74 $138,680.70 $1,539.86 $0.00 $784.12 $141,004.68
75 $141,004.68 $1,539.86 $0.00 $797.26 $143,341.80
76 $143,341.80 $1,539.86 $0.00 $810.48 $145,692.14
77 $145,692.14 $1,539.86 $0.00 $823.76 $148,055.76
78 $148,055.76 $1,539.86 $0.00 $837.13 $150,432.75
79 $150,432.75 $1,539.86 $0.00 $850.57 $152,823.18
80 $152,823.18 $1,539.86 $0.00 $864.08 $155,227.12
81 $155,227.12 $1,539.86 $0.00 $877.68 $157,644.66
82 $157,644.66 $1,539.86 $0.00 $891.35 $160,075.87
83 $160,075.87 $1,539.86 $0.00 $905.09 $162,520.82
84 $162,520.82 $1,539.86 $0.00 $918.92 $164,979.60
85 $164,979.60 $1,539.86 $0.00 $932.82 $167,452.28
86 $167,452.28 $1,539.86 $0.00 $946.80 $169,938.94
87 $169,938.94 $1,539.86 $0.00 $960.86 $172,439.66
88 $172,439.66 $1,539.86 $0.00 $975.00 $174,954.52
89 $174,954.52 $1,539.86 $0.00 $989.22 $177,483.60
90 $177,483.60 $1,539.86 $0.00 $1,003.52 $180,026.98
91 $180,026.98 $1,539.86 $0.00 $1,017.90 $182,584.74
92 $182,584.74 $1,539.86 $0.00 $1,032.36 $185,156.96
93 $185,156.96 $1,539.86 $0.00 $1,046.90 $187,743.72
94 $187,743.72 $1,539.86 $0.00 $1,061.53 $190,345.11
95 $190,345.11 $1,539.86 $0.00 $1,076.24 $192,961.21
96 $192,961.21 $1,539.86 $0.00 $1,091.03 $195,592.10
97 $195,592.10 $1,539.86 $0.00 $1,105.91 $198,237.87
98 $198,237.87 $1,539.86 $0.00 $1,120.87 $200,898.60
99 $200,898.60 $1,539.86 $0.00 $1,135.91 $203,574.37
100 $203,574.37 $1,539.86 $0.00 $1,151.04 $206,265.27
101 $206,265.27 $1,539.86 $0.00 $1,166.25 $208,971.38
102 $208,971.38 $1,539.86 $0.00 $1,181.55 $211,692.79
103 $211,692.79 $1,539.86 $0.00 $1,196.94 $214,429.59
104 $214,429.59 $1,539.86 $0.00 $1,212.42 $217,181.87
105 $217,181.87 $1,539.86 $0.00 $1,227.98 $219,949.71
106 $219,949.71 $1,539.86 $0.00 $1,243.63 $222,733.20
107 $222,733.20 $1,539.86 $0.00 $1,259.37 $225,532.43
108 $225,532.43 $1,539.86 $0.00 $1,275.19 $228,347.48
109 $228,347.48 $1,539.86 $0.00 $1,291.11 $231,178.45
110 $231,178.45 $1,539.86 $0.00 $1,307.12 $234,025.43
111 $234,025.43 $1,539.86 $0.00 $1,323.21 $236,888.50
112 $236,888.50 $1,539.86 $0.00 $1,339.40 $239,767.76
113 $239,767.76 $1,539.86 $0.00 $1,355.68 $242,663.30
114 $242,663.30 $1,539.86 $0.00 $1,372.05 $245,575.21
115 $245,575.21 $1,539.86 $0.00 $1,388.52 $248,503.59
116 $248,503.59 $1,539.86 $0.00 $1,405.08 $251,448.53
117 $251,448.53 $1,539.86 $0.00 $1,421.73 $254,410.12
118 $254,410.12 $1,539.86 $0.00 $1,438.47 $257,388.45
119 $257,388.45 $1,539.86 $0.00 $1,455.31 $260,383.62
120 $260,383.62 $1,539.86 $0.00 $1,472.25 $263,395.73
121 $263,395.73 $1,539.86 $0.00 $1,489.28 $266,424.87
122 $266,424.87 $1,539.86 $0.00 $1,506.40 $269,471.13
123 $269,471.13 $1,539.86 $0.00 $1,523.63 $272,534.62
124 $272,534.62 $1,539.86 $0.00 $1,540.95 $275,615.43
125 $275,615.43 $1,539.86 $0.00 $1,558.37 $278,713.66
126 $278,713.66 $1,539.86 $0.00 $1,575.89 $281,829.41
127 $281,829.41 $1,539.86 $0.00 $1,593.50 $284,962.77
128 $284,962.77 $1,539.86 $0.00 $1,611.22 $288,113.85
129 $288,113.85 $1,539.86 $0.00 $1,629.04 $291,282.75
130 $291,282.75 $1,539.86 $0.00 $1,646.96 $294,469.57
131 $294,469.57 $1,539.86 $0.00 $1,664.97 $297,674.40
132 $297,674.40 $1,539.86 $0.00 $1,683.09 $300,897.35
133 $300,897.35 $1,539.86 $0.00 $1,701.32 $304,138.53
134 $304,138.53 $1,539.86 $0.00 $1,719.64 $307,398.03
135 $307,398.03 $1,539.86 $0.00 $1,738.07 $310,675.96
136 $310,675.96 $1,539.86 $0.00 $1,756.61 $313,972.43
137 $313,972.43 $1,539.86 $0.00 $1,775.25 $317,287.54
138 $317,287.54 $1,539.86 $0.00 $1,793.99 $320,621.39
139 $320,621.39 $1,539.86 $0.00 $1,812.84 $323,974.09
140 $323,974.09 $1,539.86 $0.00 $1,831.80 $327,345.75
141 $327,345.75 $1,539.86 $0.00 $1,850.86 $330,736.47
142 $330,736.47 $1,539.86 $0.00 $1,870.03 $334,146.36
143 $334,146.36 $1,539.86 $0.00 $1,889.31 $337,575.53
144 $337,575.53 $1,539.86 $0.00 $1,908.70 $341,024.09
145 $341,024.09 $1,539.86 $0.00 $1,928.20 $344,492.15
146 $344,492.15 $1,539.86 $0.00 $1,947.81 $347,979.82
147 $347,979.82 $1,539.86 $0.00 $1,967.53 $351,487.21
148 $351,487.21 $1,539.86 $0.00 $1,987.36 $355,014.43
149 $355,014.43 $1,539.86 $0.00 $2,007.30 $358,561.59
150 $358,561.59 $1,539.86 $0.00 $2,027.36 $362,128.81
151 $362,128.81 $1,539.86 $0.00 $2,047.53 $365,716.20
152 $365,716.20 $1,539.86 $0.00 $2,067.81 $369,323.87
153 $369,323.87 $1,539.86 $0.00 $2,088.21 $372,951.94
154 $372,951.94 $1,539.86 $0.00 $2,108.72 $376,600.52
155 $376,600.52 $1,539.86 $0.00 $2,129.35 $380,269.73
156 $380,269.73 $1,539.86 $0.00 $2,150.10 $383,959.69
157 $383,959.69 $1,539.86 $0.00 $2,170.96 $387,670.51
158 $387,670.51 $1,539.86 $0.00 $2,191.95 $391,402.32
159 $391,402.32 $1,539.86 $0.00 $2,213.05 $395,155.23
160 $395,155.23 $1,539.86 $0.00 $2,234.27 $398,929.36
161 $398,929.36 $1,539.86 $0.00 $2,255.60 $402,724.82
162 $402,724.82 $1,539.86 $0.00 $2,277.06 $406,541.74
163 $406,541.74 $1,539.86 $0.00 $2,298.65 $410,380.25
164 $410,380.25 $1,539.86 $0.00 $2,320.35 $414,240.46
165 $414,240.46 $1,539.86 $0.00 $2,342.18 $418,122.50
166 $418,122.50 $1,539.86 $0.00 $2,364.13 $422,026.49
167 $422,026.49 $1,539.86 $0.00 $2,386.20 $425,952.55
168 $425,952.55 $1,539.86 $0.00 $2,408.40 $429,900.81
169 $429,900.81 $1,539.86 $0.00 $2,430.72 $433,871.39
170 $433,871.39 $1,539.86 $0.00 $2,453.17 $437,864.42
171 $437,864.42 $1,539.86 $0.00 $2,475.75 $441,880.03
172 $441,880.03 $1,539.86 $0.00 $2,498.45 $445,918.34
173 $445,918.34 $1,539.86 $0.00 $2,521.29 $449,979.49
174 $449,979.49 $1,539.86 $0.00 $2,544.25 $454,063.60
175 $454,063.60 $1,539.86 $0.00 $2,567.34 $458,170.80
176 $458,170.80 $1,539.86 $0.00 $2,590.56 $462,301.22
177 $462,301.22 $1,539.86 $0.00 $2,613.92 $466,455.00
178 $466,455.00 $1,539.86 $0.00 $2,637.40 $470,632.26
179 $470,632.26 $1,539.86 $0.00 $2,661.02 $474,833.14
180 $474,833.14 $1,539.86 $0.00 $2,684.78 $479,057.78
181 $479,057.78 $1,539.86 $0.00 $2,708.66 $483,306.30
182 $483,306.30 $1,539.86 $0.00 $2,732.68 $487,578.84
183 $487,578.84 $1,539.86 $0.00 $2,756.84 $491,875.54
184 $491,875.54 $1,539.86 $0.00 $2,781.14 $496,196.54
185 $496,196.54 $1,539.86 $0.00 $2,805.57 $500,541.97
186 $500,541.97 $1,539.86 $0.00 $2,830.14 $504,911.97
187 $504,911.97 $1,539.86 $0.00 $2,854.85 $509,306.68
188 $509,306.68 $1,539.86 $0.00 $2,879.69 $513,726.23
189 $513,726.23 $1,539.86 $0.00 $2,904.68 $518,170.77
190 $518,170.77 $1,539.86 $0.00 $2,929.81 $522,640.44
191 $522,640.44 $1,539.86 $0.00 $2,955.09 $527,135.39
192 $527,135.39 $1,539.86 $0.00 $2,980.50 $531,655.75
193 $531,655.75 $1,539.86 $0.00 $3,006.06 $536,201.67
194 $536,201.67 $1,539.86 $0.00 $3,031.76 $540,773.29
195 $540,773.29 $1,539.86 $0.00 $3,057.61 $545,370.76
196 $545,370.76 $1,539.86 $0.00 $3,083.61 $549,994.23
197 $549,994.23 $1,539.86 $0.00 $3,109.75 $554,643.84
198 $554,643.84 $1,539.86 $0.00 $3,136.04 $559,319.74
199 $559,319.74 $1,539.86 $0.00 $3,162.48 $564,022.08
200 $564,022.08 $1,539.86 $0.00 $3,189.06 $568,751.00
201 $568,751.00 $1,539.86 $0.00 $3,215.80 $573,506.66
202 $573,506.66 $1,539.86 $0.00 $3,242.69 $578,289.21
203 $578,289.21 $1,539.86 $0.00 $3,269.73 $583,098.80
204 $583,098.80 $1,539.86 $0.00 $3,296.93 $587,935.59
205 $587,935.59 $1,539.86 $0.00 $3,324.27 $592,799.72
206 $592,799.72 $1,539.86 $0.00 $3,351.78 $597,691.36
207 $597,691.36 $1,539.86 $0.00 $3,379.43 $602,610.65
208 $602,610.65 $1,539.86 $0.00 $3,407.25 $607,557.76
209 $607,557.76 $1,539.86 $0.00 $3,435.22 $612,532.84
210 $612,532.84 $1,539.86 $0.00 $3,463.35 $617,536.05
211 $617,536.05 $1,539.86 $0.00 $3,491.64 $622,567.55
212 $622,567.55 $1,539.86 $0.00 $3,520.09 $627,627.50
213 $627,627.50 $1,539.86 $0.00 $3,548.70 $632,716.06
214 $632,716.06 $1,539.86 $0.00 $3,577.47 $637,833.39
215 $637,833.39 $1,539.86 $0.00 $3,606.40 $642,979.65
216 $642,979.65 $1,539.86 $0.00 $3,635.50 $648,155.01
217 $648,155.01 $1,539.86 $180,532.54 $3,664.76 $472,827.09
218 $472,827.09 $1,539.86 $0.00 $2,673.43 $477,040.38
219 $477,040.38 $1,539.86 $0.00 $2,697.26 $481,277.50
220 $481,277.50 $1,539.86 $0.00 $2,721.21 $485,538.57
221 $485,538.57 $1,539.86 $0.00 $2,745.31 $489,823.74
222 $489,823.74 $1,539.86 $0.00 $2,769.53 $494,133.13
223 $494,133.13 $1,539.86 $0.00 $2,793.90 $498,466.89
224 $498,466.89 $1,539.86 $0.00 $2,818.40 $502,825.15
225 $502,825.15 $1,539.86 $0.00 $2,843.05 $507,208.06
226 $507,208.06 $1,539.86 $0.00 $2,867.83 $511,615.75
227 $511,615.75 $1,539.86 $0.00 $2,892.75 $516,048.36
228 $516,048.36 $1,539.86 $0.00 $2,917.81 $520,506.03
229 $520,506.03 $1,539.86 $189,559.17 $2,943.02 $335,429.74
230 $335,429.74 $1,539.86 $0.00 $1,896.57 $338,866.17
231 $338,866.17 $1,539.86 $0.00 $1,916.00 $342,322.03
232 $342,322.03 $1,539.86 $0.00 $1,935.54 $345,797.43
233 $345,797.43 $1,539.86 $0.00 $1,955.19 $349,292.48
234 $349,292.48 $1,539.86 $0.00 $1,974.95 $352,807.29
235 $352,807.29 $1,539.86 $0.00 $1,994.82 $356,341.97
236 $356,341.97 $1,539.86 $0.00 $2,014.81 $359,896.64
237 $359,896.64 $1,539.86 $0.00 $2,034.91 $363,471.41
238 $363,471.41 $1,539.86 $0.00 $2,055.12 $367,066.39
239 $367,066.39 $1,539.86 $0.00 $2,075.45 $370,681.70
240 $370,681.70 $1,539.86 $0.00 $2,095.89 $374,317.45
241 $374,317.45 $1,539.86 $199,037.13 $2,116.45 $178,936.63
242 $178,936.63 $1,539.86 $0.00 $1,011.73 $181,488.22
243 $181,488.22 $1,539.86 $0.00 $1,026.16 $184,054.24
244 $184,054.24 $1,539.86 $0.00 $1,040.67 $186,634.77
245 $186,634.77 $1,539.86 $0.00 $1,055.26 $189,229.89
246 $189,229.89 $1,539.86 $0.00 $1,069.93 $191,839.68
247 $191,839.68 $1,539.86 $0.00 $1,084.69 $194,464.23
248 $194,464.23 $1,539.86 $0.00 $1,099.53 $197,103.62
249 $197,103.62 $1,539.86 $0.00 $1,114.45 $199,757.93
250 $199,757.93 $1,539.86 $0.00 $1,129.46 $202,427.25
251 $202,427.25 $1,539.86 $0.00 $1,144.55 $205,111.66
252 $205,111.66 $1,539.86 $0.00 $1,159.73 $207,811.25
253 $207,811.25 $0.00 $208,988.98 $1,175.00 ($2.73)