Savings Plan and Future Cost Estimation for Columbia University in the City of New York

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$201,241
Monthly savings required$1,593

How much will it cost to send your child to Columbia University in the City of New York in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $804,962.71 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,592.98 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$77,603.00
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 $1,592.98 $0.00 $0.00 $1,592.98
2 $1,592.98 $1,592.98 $0.00 $9.01 $3,194.97
3 $3,194.97 $1,592.98 $0.00 $18.06 $4,806.01
4 $4,806.01 $1,592.98 $0.00 $27.17 $6,426.16
5 $6,426.16 $1,592.98 $0.00 $36.33 $8,055.47
6 $8,055.47 $1,592.98 $0.00 $45.55 $9,694.00
7 $9,694.00 $1,592.98 $0.00 $54.81 $11,341.79
8 $11,341.79 $1,592.98 $0.00 $64.13 $12,998.90
9 $12,998.90 $1,592.98 $0.00 $73.50 $14,665.38
10 $14,665.38 $1,592.98 $0.00 $82.92 $16,341.28
11 $16,341.28 $1,592.98 $0.00 $92.40 $18,026.66
12 $18,026.66 $1,592.98 $0.00 $101.93 $19,721.57
13 $19,721.57 $1,592.98 $0.00 $111.51 $21,426.06
14 $21,426.06 $1,592.98 $0.00 $121.15 $23,140.19
15 $23,140.19 $1,592.98 $0.00 $130.84 $24,864.01
16 $24,864.01 $1,592.98 $0.00 $140.58 $26,597.57
17 $26,597.57 $1,592.98 $0.00 $150.39 $28,340.94
18 $28,340.94 $1,592.98 $0.00 $160.24 $30,094.16
19 $30,094.16 $1,592.98 $0.00 $170.16 $31,857.30
20 $31,857.30 $1,592.98 $0.00 $180.13 $33,630.41
21 $33,630.41 $1,592.98 $0.00 $190.15 $35,413.54
22 $35,413.54 $1,592.98 $0.00 $200.23 $37,206.75
23 $37,206.75 $1,592.98 $0.00 $210.37 $39,010.10
24 $39,010.10 $1,592.98 $0.00 $220.57 $40,823.65
25 $40,823.65 $1,592.98 $0.00 $230.82 $42,647.45
26 $42,647.45 $1,592.98 $0.00 $241.13 $44,481.56
27 $44,481.56 $1,592.98 $0.00 $251.51 $46,326.05
28 $46,326.05 $1,592.98 $0.00 $261.93 $48,180.96
29 $48,180.96 $1,592.98 $0.00 $272.42 $50,046.36
30 $50,046.36 $1,592.98 $0.00 $282.97 $51,922.31
31 $51,922.31 $1,592.98 $0.00 $293.58 $53,808.87
32 $53,808.87 $1,592.98 $0.00 $304.24 $55,706.09
33 $55,706.09 $1,592.98 $0.00 $314.97 $57,614.04
34 $57,614.04 $1,592.98 $0.00 $325.76 $59,532.78
35 $59,532.78 $1,592.98 $0.00 $336.61 $61,462.37
36 $61,462.37 $1,592.98 $0.00 $347.52 $63,402.87
37 $63,402.87 $1,592.98 $0.00 $358.49 $65,354.34
38 $65,354.34 $1,592.98 $0.00 $369.52 $67,316.84
39 $67,316.84 $1,592.98 $0.00 $380.62 $69,290.44
40 $69,290.44 $1,592.98 $0.00 $391.78 $71,275.20
41 $71,275.20 $1,592.98 $0.00 $403.00 $73,271.18
42 $73,271.18 $1,592.98 $0.00 $414.29 $75,278.45
43 $75,278.45 $1,592.98 $0.00 $425.64 $77,297.07
44 $77,297.07 $1,592.98 $0.00 $437.05 $79,327.10
45 $79,327.10 $1,592.98 $0.00 $448.53 $81,368.61
46 $81,368.61 $1,592.98 $0.00 $460.07 $83,421.66
47 $83,421.66 $1,592.98 $0.00 $471.68 $85,486.32
48 $85,486.32 $1,592.98 $0.00 $483.35 $87,562.65
49 $87,562.65 $1,592.98 $0.00 $495.09 $89,650.72
50 $89,650.72 $1,592.98 $0.00 $506.90 $91,750.60
51 $91,750.60 $1,592.98 $0.00 $518.77 $93,862.35
52 $93,862.35 $1,592.98 $0.00 $530.71 $95,986.04
53 $95,986.04 $1,592.98 $0.00 $542.72 $98,121.74
54 $98,121.74 $1,592.98 $0.00 $554.79 $100,269.51
55 $100,269.51 $1,592.98 $0.00 $566.94 $102,429.43
56 $102,429.43 $1,592.98 $0.00 $579.15 $104,601.56
57 $104,601.56 $1,592.98 $0.00 $591.43 $106,785.97
58 $106,785.97 $1,592.98 $0.00 $603.78 $108,982.73
59 $108,982.73 $1,592.98 $0.00 $616.20 $111,191.91
60 $111,191.91 $1,592.98 $0.00 $628.70 $113,413.59
61 $113,413.59 $1,592.98 $0.00 $641.26 $115,647.83
62 $115,647.83 $1,592.98 $0.00 $653.89 $117,894.70
63 $117,894.70 $1,592.98 $0.00 $666.59 $120,154.27
64 $120,154.27 $1,592.98 $0.00 $679.37 $122,426.62
65 $122,426.62 $1,592.98 $0.00 $692.22 $124,711.82
66 $124,711.82 $1,592.98 $0.00 $705.14 $127,009.94
67 $127,009.94 $1,592.98 $0.00 $718.13 $129,321.05
68 $129,321.05 $1,592.98 $0.00 $731.20 $131,645.23
69 $131,645.23 $1,592.98 $0.00 $744.34 $133,982.55
70 $133,982.55 $1,592.98 $0.00 $757.56 $136,333.09
71 $136,333.09 $1,592.98 $0.00 $770.85 $138,696.92
72 $138,696.92 $1,592.98 $0.00 $784.21 $141,074.11
73 $141,074.11 $1,592.98 $0.00 $797.65 $143,464.74
74 $143,464.74 $1,592.98 $0.00 $811.17 $145,868.89
75 $145,868.89 $1,592.98 $0.00 $824.76 $148,286.63
76 $148,286.63 $1,592.98 $0.00 $838.43 $150,718.04
77 $150,718.04 $1,592.98 $0.00 $852.18 $153,163.20
78 $153,163.20 $1,592.98 $0.00 $866.01 $155,622.19
79 $155,622.19 $1,592.98 $0.00 $879.91 $158,095.08
80 $158,095.08 $1,592.98 $0.00 $893.89 $160,581.95
81 $160,581.95 $1,592.98 $0.00 $907.95 $163,082.88
82 $163,082.88 $1,592.98 $0.00 $922.09 $165,597.95
83 $165,597.95 $1,592.98 $0.00 $936.31 $168,127.24
84 $168,127.24 $1,592.98 $0.00 $950.62 $170,670.84
85 $170,670.84 $1,592.98 $0.00 $965.00 $173,228.82
86 $173,228.82 $1,592.98 $0.00 $979.46 $175,801.26
87 $175,801.26 $1,592.98 $0.00 $994.01 $178,388.25
88 $178,388.25 $1,592.98 $0.00 $1,008.63 $180,989.86
89 $180,989.86 $1,592.98 $0.00 $1,023.34 $183,606.18
90 $183,606.18 $1,592.98 $0.00 $1,038.14 $186,237.30
91 $186,237.30 $1,592.98 $0.00 $1,053.01 $188,883.29
92 $188,883.29 $1,592.98 $0.00 $1,067.97 $191,544.24
93 $191,544.24 $1,592.98 $0.00 $1,083.02 $194,220.24
94 $194,220.24 $1,592.98 $0.00 $1,098.15 $196,911.37
95 $196,911.37 $1,592.98 $0.00 $1,113.37 $199,617.72
96 $199,617.72 $1,592.98 $0.00 $1,128.67 $202,339.37
97 $202,339.37 $1,592.98 $0.00 $1,144.06 $205,076.41
98 $205,076.41 $1,592.98 $0.00 $1,159.53 $207,828.92
99 $207,828.92 $1,592.98 $0.00 $1,175.09 $210,596.99
100 $210,596.99 $1,592.98 $0.00 $1,190.75 $213,380.72
101 $213,380.72 $1,592.98 $0.00 $1,206.49 $216,180.19
102 $216,180.19 $1,592.98 $0.00 $1,222.31 $218,995.48
103 $218,995.48 $1,592.98 $0.00 $1,238.23 $221,826.69
104 $221,826.69 $1,592.98 $0.00 $1,254.24 $224,673.91
105 $224,673.91 $1,592.98 $0.00 $1,270.34 $227,537.23
106 $227,537.23 $1,592.98 $0.00 $1,286.53 $230,416.74
107 $230,416.74 $1,592.98 $0.00 $1,302.81 $233,312.53
108 $233,312.53 $1,592.98 $0.00 $1,319.18 $236,224.69
109 $236,224.69 $1,592.98 $0.00 $1,335.65 $239,153.32
110 $239,153.32 $1,592.98 $0.00 $1,352.21 $242,098.51
111 $242,098.51 $1,592.98 $0.00 $1,368.86 $245,060.35
112 $245,060.35 $1,592.98 $0.00 $1,385.61 $248,038.94
113 $248,038.94 $1,592.98 $0.00 $1,402.45 $251,034.37
114 $251,034.37 $1,592.98 $0.00 $1,419.38 $254,046.73
115 $254,046.73 $1,592.98 $0.00 $1,436.42 $257,076.13
116 $257,076.13 $1,592.98 $0.00 $1,453.55 $260,122.66
117 $260,122.66 $1,592.98 $0.00 $1,470.77 $263,186.41
118 $263,186.41 $1,592.98 $0.00 $1,488.09 $266,267.48
119 $266,267.48 $1,592.98 $0.00 $1,505.52 $269,365.98
120 $269,365.98 $1,592.98 $0.00 $1,523.03 $272,481.99
121 $272,481.99 $1,592.98 $0.00 $1,540.65 $275,615.62
122 $275,615.62 $1,592.98 $0.00 $1,558.37 $278,766.97
123 $278,766.97 $1,592.98 $0.00 $1,576.19 $281,936.14
124 $281,936.14 $1,592.98 $0.00 $1,594.11 $285,123.23
125 $285,123.23 $1,592.98 $0.00 $1,612.13 $288,328.34
126 $288,328.34 $1,592.98 $0.00 $1,630.25 $291,551.57
127 $291,551.57 $1,592.98 $0.00 $1,648.47 $294,793.02
128 $294,793.02 $1,592.98 $0.00 $1,666.80 $298,052.80
129 $298,052.80 $1,592.98 $0.00 $1,685.23 $301,331.01
130 $301,331.01 $1,592.98 $0.00 $1,703.77 $304,627.76
131 $304,627.76 $1,592.98 $0.00 $1,722.41 $307,943.15
132 $307,943.15 $1,592.98 $0.00 $1,741.16 $311,277.29
133 $311,277.29 $1,592.98 $0.00 $1,760.01 $314,630.28
134 $314,630.28 $1,592.98 $0.00 $1,778.97 $318,002.23
135 $318,002.23 $1,592.98 $0.00 $1,798.03 $321,393.24
136 $321,393.24 $1,592.98 $0.00 $1,817.20 $324,803.42
137 $324,803.42 $1,592.98 $0.00 $1,836.49 $328,232.89
138 $328,232.89 $1,592.98 $0.00 $1,855.88 $331,681.75
139 $331,681.75 $1,592.98 $0.00 $1,875.38 $335,150.11
140 $335,150.11 $1,592.98 $0.00 $1,894.99 $338,638.08
141 $338,638.08 $1,592.98 $0.00 $1,914.71 $342,145.77
142 $342,145.77 $1,592.98 $0.00 $1,934.54 $345,673.29
143 $345,673.29 $1,592.98 $0.00 $1,954.49 $349,220.76
144 $349,220.76 $1,592.98 $0.00 $1,974.54 $352,788.28
145 $352,788.28 $1,592.98 $0.00 $1,994.72 $356,375.98
146 $356,375.98 $1,592.98 $0.00 $2,015.00 $359,983.96
147 $359,983.96 $1,592.98 $0.00 $2,035.40 $363,612.34
148 $363,612.34 $1,592.98 $0.00 $2,055.92 $367,261.24
149 $367,261.24 $1,592.98 $0.00 $2,076.55 $370,930.77
150 $370,930.77 $1,592.98 $0.00 $2,097.30 $374,621.05
151 $374,621.05 $1,592.98 $0.00 $2,118.16 $378,332.19
152 $378,332.19 $1,592.98 $0.00 $2,139.15 $382,064.32
153 $382,064.32 $1,592.98 $0.00 $2,160.25 $385,817.55
154 $385,817.55 $1,592.98 $0.00 $2,181.47 $389,592.00
155 $389,592.00 $1,592.98 $0.00 $2,202.81 $393,387.79
156 $393,387.79 $1,592.98 $0.00 $2,224.27 $397,205.04
157 $397,205.04 $1,592.98 $0.00 $2,245.86 $401,043.88
158 $401,043.88 $1,592.98 $0.00 $2,267.56 $404,904.42
159 $404,904.42 $1,592.98 $0.00 $2,289.39 $408,786.79
160 $408,786.79 $1,592.98 $0.00 $2,311.34 $412,691.11
161 $412,691.11 $1,592.98 $0.00 $2,333.42 $416,617.51
162 $416,617.51 $1,592.98 $0.00 $2,355.62 $420,566.11
163 $420,566.11 $1,592.98 $0.00 $2,377.94 $424,537.03
164 $424,537.03 $1,592.98 $0.00 $2,400.39 $428,530.40
165 $428,530.40 $1,592.98 $0.00 $2,422.97 $432,546.35
166 $432,546.35 $1,592.98 $0.00 $2,445.68 $436,585.01
167 $436,585.01 $1,592.98 $0.00 $2,468.52 $440,646.51
168 $440,646.51 $1,592.98 $0.00 $2,491.48 $444,730.97
169 $444,730.97 $1,592.98 $0.00 $2,514.57 $448,838.52
170 $448,838.52 $1,592.98 $0.00 $2,537.80 $452,969.30
171 $452,969.30 $1,592.98 $0.00 $2,561.15 $457,123.43
172 $457,123.43 $1,592.98 $0.00 $2,584.64 $461,301.05
173 $461,301.05 $1,592.98 $0.00 $2,608.26 $465,502.29
174 $465,502.29 $1,592.98 $0.00 $2,632.02 $469,727.29
175 $469,727.29 $1,592.98 $0.00 $2,655.91 $473,976.18
176 $473,976.18 $1,592.98 $0.00 $2,679.93 $478,249.09
177 $478,249.09 $1,592.98 $0.00 $2,704.09 $482,546.16
178 $482,546.16 $1,592.98 $0.00 $2,728.39 $486,867.53
179 $486,867.53 $1,592.98 $0.00 $2,752.82 $491,213.33
180 $491,213.33 $1,592.98 $0.00 $2,777.39 $495,583.70
181 $495,583.70 $1,592.98 $0.00 $2,802.10 $499,978.78
182 $499,978.78 $1,592.98 $0.00 $2,826.95 $504,398.71
183 $504,398.71 $1,592.98 $0.00 $2,851.94 $508,843.63
184 $508,843.63 $1,592.98 $0.00 $2,877.08 $513,313.69
185 $513,313.69 $1,592.98 $0.00 $2,902.35 $517,809.02
186 $517,809.02 $1,592.98 $0.00 $2,927.77 $522,329.77
187 $522,329.77 $1,592.98 $0.00 $2,953.33 $526,876.08
188 $526,876.08 $1,592.98 $0.00 $2,979.03 $531,448.09
189 $531,448.09 $1,592.98 $0.00 $3,004.88 $536,045.95
190 $536,045.95 $1,592.98 $0.00 $3,030.88 $540,669.81
191 $540,669.81 $1,592.98 $0.00 $3,057.03 $545,319.82
192 $545,319.82 $1,592.98 $0.00 $3,083.32 $549,996.12
193 $549,996.12 $1,592.98 $0.00 $3,109.76 $554,698.86
194 $554,698.86 $1,592.98 $0.00 $3,136.35 $559,428.19
195 $559,428.19 $1,592.98 $0.00 $3,163.09 $564,184.26
196 $564,184.26 $1,592.98 $0.00 $3,189.98 $568,967.22
197 $568,967.22 $1,592.98 $0.00 $3,217.02 $573,777.22
198 $573,777.22 $1,592.98 $0.00 $3,244.22 $578,614.42
199 $578,614.42 $1,592.98 $0.00 $3,271.57 $583,478.97
200 $583,478.97 $1,592.98 $0.00 $3,299.07 $588,371.02
201 $588,371.02 $1,592.98 $0.00 $3,326.74 $593,290.74
202 $593,290.74 $1,592.98 $0.00 $3,354.55 $598,238.27
203 $598,238.27 $1,592.98 $0.00 $3,382.53 $603,213.78
204 $603,213.78 $1,592.98 $0.00 $3,410.66 $608,217.42
205 $608,217.42 $1,592.98 $0.00 $3,438.95 $613,249.35
206 $613,249.35 $1,592.98 $0.00 $3,467.40 $618,309.73
207 $618,309.73 $1,592.98 $0.00 $3,496.01 $623,398.72
208 $623,398.72 $1,592.98 $0.00 $3,524.79 $628,516.49
209 $628,516.49 $1,592.98 $0.00 $3,553.72 $633,663.19
210 $633,663.19 $1,592.98 $0.00 $3,582.82 $638,838.99
211 $638,838.99 $1,592.98 $0.00 $3,612.09 $644,044.06
212 $644,044.06 $1,592.98 $0.00 $3,641.52 $649,278.56
213 $649,278.56 $1,592.98 $0.00 $3,671.12 $654,542.66
214 $654,542.66 $1,592.98 $0.00 $3,700.88 $659,836.52
215 $659,836.52 $1,592.98 $0.00 $3,730.81 $665,160.31
216 $665,160.31 $1,592.98 $0.00 $3,760.91 $670,514.20
217 $670,514.20 $1,592.98 $186,760.87 $3,791.18 $489,137.49
218 $489,137.49 $1,592.98 $0.00 $2,765.65 $493,496.12
219 $493,496.12 $1,592.98 $0.00 $2,790.30 $497,879.40
220 $497,879.40 $1,592.98 $0.00 $2,815.08 $502,287.46
221 $502,287.46 $1,592.98 $0.00 $2,840.01 $506,720.45
222 $506,720.45 $1,592.98 $0.00 $2,865.07 $511,178.50
223 $511,178.50 $1,592.98 $0.00 $2,890.28 $515,661.76
224 $515,661.76 $1,592.98 $0.00 $2,915.63 $520,170.37
225 $520,170.37 $1,592.98 $0.00 $2,941.12 $524,704.47
226 $524,704.47 $1,592.98 $0.00 $2,966.76 $529,264.21
227 $529,264.21 $1,592.98 $0.00 $2,992.54 $533,849.73
228 $533,849.73 $1,592.98 $0.00 $3,018.46 $538,461.17
229 $538,461.17 $1,592.98 $196,098.92 $3,044.54 $346,999.77
230 $346,999.77 $1,592.98 $0.00 $1,961.99 $350,554.74
231 $350,554.74 $1,592.98 $0.00 $1,982.09 $354,129.81
232 $354,129.81 $1,592.98 $0.00 $2,002.30 $357,725.09
233 $357,725.09 $1,592.98 $0.00 $2,022.63 $361,340.70
234 $361,340.70 $1,592.98 $0.00 $2,043.07 $364,976.75
235 $364,976.75 $1,592.98 $0.00 $2,063.63 $368,633.36
236 $368,633.36 $1,592.98 $0.00 $2,084.31 $372,310.65
237 $372,310.65 $1,592.98 $0.00 $2,105.10 $376,008.73
238 $376,008.73 $1,592.98 $0.00 $2,126.01 $379,727.72
239 $379,727.72 $1,592.98 $0.00 $2,147.04 $383,467.74
240 $383,467.74 $1,592.98 $0.00 $2,168.18 $387,228.90
241 $387,228.90 $1,592.98 $205,903.86 $2,189.45 $185,107.47
242 $185,107.47 $1,592.98 $0.00 $1,046.62 $187,747.07
243 $187,747.07 $1,592.98 $0.00 $1,061.55 $190,401.60
244 $190,401.60 $1,592.98 $0.00 $1,076.56 $193,071.14
245 $193,071.14 $1,592.98 $0.00 $1,091.65 $195,755.77
246 $195,755.77 $1,592.98 $0.00 $1,106.83 $198,455.58
247 $198,455.58 $1,592.98 $0.00 $1,122.10 $201,170.66
248 $201,170.66 $1,592.98 $0.00 $1,137.45 $203,901.09
249 $203,901.09 $1,592.98 $0.00 $1,152.89 $206,646.96
250 $206,646.96 $1,592.98 $0.00 $1,168.41 $209,408.35
251 $209,408.35 $1,592.98 $0.00 $1,184.03 $212,185.36
252 $212,185.36 $1,592.98 $0.00 $1,199.73 $214,978.07
253 $214,978.07 $0.00 $216,199.05 $1,215.52 ($5.46)