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 2042$323,008
Monthly savings required$2,553

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 $1,292,032.42 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $2,552.80 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$86,097.00
Years until enrollment18
Annual Tuition Increase7%
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 $2,552.80 $0.00 $0.00 $2,552.80
2 $2,552.80 $2,552.80 $0.00 $14.43 $5,120.03
3 $5,120.03 $2,552.80 $0.00 $28.95 $7,701.78
4 $7,701.78 $2,552.80 $0.00 $43.55 $10,298.13
5 $10,298.13 $2,552.80 $0.00 $58.23 $12,909.16
6 $12,909.16 $2,552.80 $0.00 $72.99 $15,534.95
7 $15,534.95 $2,552.80 $0.00 $87.84 $18,175.59
8 $18,175.59 $2,552.80 $0.00 $102.77 $20,831.16
9 $20,831.16 $2,552.80 $0.00 $117.78 $23,501.74
10 $23,501.74 $2,552.80 $0.00 $132.88 $26,187.42
11 $26,187.42 $2,552.80 $0.00 $148.07 $28,888.29
12 $28,888.29 $2,552.80 $0.00 $163.34 $31,604.43
13 $31,604.43 $2,552.80 $0.00 $178.70 $34,335.93
14 $34,335.93 $2,552.80 $0.00 $194.14 $37,082.87
15 $37,082.87 $2,552.80 $0.00 $209.67 $39,845.34
16 $39,845.34 $2,552.80 $0.00 $225.29 $42,623.43
17 $42,623.43 $2,552.80 $0.00 $241.00 $45,417.23
18 $45,417.23 $2,552.80 $0.00 $256.80 $48,226.83
19 $48,226.83 $2,552.80 $0.00 $272.68 $51,052.31
20 $51,052.31 $2,552.80 $0.00 $288.66 $53,893.77
21 $53,893.77 $2,552.80 $0.00 $304.72 $56,751.29
22 $56,751.29 $2,552.80 $0.00 $320.88 $59,624.97
23 $59,624.97 $2,552.80 $0.00 $337.13 $62,514.90
24 $62,514.90 $2,552.80 $0.00 $353.47 $65,421.17
25 $65,421.17 $2,552.80 $0.00 $369.90 $68,343.87
26 $68,343.87 $2,552.80 $0.00 $386.43 $71,283.10
27 $71,283.10 $2,552.80 $0.00 $403.05 $74,238.95
28 $74,238.95 $2,552.80 $0.00 $419.76 $77,211.51
29 $77,211.51 $2,552.80 $0.00 $436.57 $80,200.88
30 $80,200.88 $2,552.80 $0.00 $453.47 $83,207.15
31 $83,207.15 $2,552.80 $0.00 $470.47 $86,230.42
32 $86,230.42 $2,552.80 $0.00 $487.56 $89,270.78
33 $89,270.78 $2,552.80 $0.00 $504.75 $92,328.33
34 $92,328.33 $2,552.80 $0.00 $522.04 $95,403.17
35 $95,403.17 $2,552.80 $0.00 $539.42 $98,495.39
36 $98,495.39 $2,552.80 $0.00 $556.91 $101,605.10
37 $101,605.10 $2,552.80 $0.00 $574.49 $104,732.39
38 $104,732.39 $2,552.80 $0.00 $592.17 $107,877.36
39 $107,877.36 $2,552.80 $0.00 $609.95 $111,040.11
40 $111,040.11 $2,552.80 $0.00 $627.84 $114,220.75
41 $114,220.75 $2,552.80 $0.00 $645.82 $117,419.37
42 $117,419.37 $2,552.80 $0.00 $663.91 $120,636.08
43 $120,636.08 $2,552.80 $0.00 $682.09 $123,870.97
44 $123,870.97 $2,552.80 $0.00 $700.38 $127,124.15
45 $127,124.15 $2,552.80 $0.00 $718.78 $130,395.73
46 $130,395.73 $2,552.80 $0.00 $737.28 $133,685.81
47 $133,685.81 $2,552.80 $0.00 $755.88 $136,994.49
48 $136,994.49 $2,552.80 $0.00 $774.59 $140,321.88
49 $140,321.88 $2,552.80 $0.00 $793.40 $143,668.08
50 $143,668.08 $2,552.80 $0.00 $812.32 $147,033.20
51 $147,033.20 $2,552.80 $0.00 $831.35 $150,417.35
52 $150,417.35 $2,552.80 $0.00 $850.48 $153,820.63
53 $153,820.63 $2,552.80 $0.00 $869.72 $157,243.15
54 $157,243.15 $2,552.80 $0.00 $889.08 $160,685.03
55 $160,685.03 $2,552.80 $0.00 $908.54 $164,146.37
56 $164,146.37 $2,552.80 $0.00 $928.11 $167,627.28
57 $167,627.28 $2,552.80 $0.00 $947.79 $171,127.87
58 $171,127.87 $2,552.80 $0.00 $967.58 $174,648.25
59 $174,648.25 $2,552.80 $0.00 $987.49 $178,188.54
60 $178,188.54 $2,552.80 $0.00 $1,007.50 $181,748.84
61 $181,748.84 $2,552.80 $0.00 $1,027.63 $185,329.27
62 $185,329.27 $2,552.80 $0.00 $1,047.88 $188,929.95
63 $188,929.95 $2,552.80 $0.00 $1,068.24 $192,550.99
64 $192,550.99 $2,552.80 $0.00 $1,088.71 $196,192.50
65 $196,192.50 $2,552.80 $0.00 $1,109.30 $199,854.60
66 $199,854.60 $2,552.80 $0.00 $1,130.01 $203,537.41
67 $203,537.41 $2,552.80 $0.00 $1,150.83 $207,241.04
68 $207,241.04 $2,552.80 $0.00 $1,171.77 $210,965.61
69 $210,965.61 $2,552.80 $0.00 $1,192.83 $214,711.24
70 $214,711.24 $2,552.80 $0.00 $1,214.01 $218,478.05
71 $218,478.05 $2,552.80 $0.00 $1,235.31 $222,266.16
72 $222,266.16 $2,552.80 $0.00 $1,256.73 $226,075.69
73 $226,075.69 $2,552.80 $0.00 $1,278.26 $229,906.75
74 $229,906.75 $2,552.80 $0.00 $1,299.93 $233,759.48
75 $233,759.48 $2,552.80 $0.00 $1,321.71 $237,633.99
76 $237,633.99 $2,552.80 $0.00 $1,343.62 $241,530.41
77 $241,530.41 $2,552.80 $0.00 $1,365.65 $245,448.86
78 $245,448.86 $2,552.80 $0.00 $1,387.80 $249,389.46
79 $249,389.46 $2,552.80 $0.00 $1,410.08 $253,352.34
80 $253,352.34 $2,552.80 $0.00 $1,432.49 $257,337.63
81 $257,337.63 $2,552.80 $0.00 $1,455.02 $261,345.45
82 $261,345.45 $2,552.80 $0.00 $1,477.69 $265,375.94
83 $265,375.94 $2,552.80 $0.00 $1,500.47 $269,429.21
84 $269,429.21 $2,552.80 $0.00 $1,523.39 $273,505.40
85 $273,505.40 $2,552.80 $0.00 $1,546.44 $277,604.64
86 $277,604.64 $2,552.80 $0.00 $1,569.62 $281,727.06
87 $281,727.06 $2,552.80 $0.00 $1,592.93 $285,872.79
88 $285,872.79 $2,552.80 $0.00 $1,616.37 $290,041.96
89 $290,041.96 $2,552.80 $0.00 $1,639.94 $294,234.70
90 $294,234.70 $2,552.80 $0.00 $1,663.65 $298,451.15
91 $298,451.15 $2,552.80 $0.00 $1,687.49 $302,691.44
92 $302,691.44 $2,552.80 $0.00 $1,711.46 $306,955.70
93 $306,955.70 $2,552.80 $0.00 $1,735.57 $311,244.07
94 $311,244.07 $2,552.80 $0.00 $1,759.82 $315,556.69
95 $315,556.69 $2,552.80 $0.00 $1,784.20 $319,893.69
96 $319,893.69 $2,552.80 $0.00 $1,808.73 $324,255.22
97 $324,255.22 $2,552.80 $0.00 $1,833.39 $328,641.41
98 $328,641.41 $2,552.80 $0.00 $1,858.19 $333,052.40
99 $333,052.40 $2,552.80 $0.00 $1,883.13 $337,488.33
100 $337,488.33 $2,552.80 $0.00 $1,908.21 $341,949.34
101 $341,949.34 $2,552.80 $0.00 $1,933.43 $346,435.57
102 $346,435.57 $2,552.80 $0.00 $1,958.80 $350,947.17
103 $350,947.17 $2,552.80 $0.00 $1,984.31 $355,484.28
104 $355,484.28 $2,552.80 $0.00 $2,009.96 $360,047.04
105 $360,047.04 $2,552.80 $0.00 $2,035.76 $364,635.60
106 $364,635.60 $2,552.80 $0.00 $2,061.70 $369,250.10
107 $369,250.10 $2,552.80 $0.00 $2,087.79 $373,890.69
108 $373,890.69 $2,552.80 $0.00 $2,114.03 $378,557.52
109 $378,557.52 $2,552.80 $0.00 $2,140.42 $383,250.74
110 $383,250.74 $2,552.80 $0.00 $2,166.96 $387,970.50
111 $387,970.50 $2,552.80 $0.00 $2,193.64 $392,716.94
112 $392,716.94 $2,552.80 $0.00 $2,220.48 $397,490.22
113 $397,490.22 $2,552.80 $0.00 $2,247.47 $402,290.49
114 $402,290.49 $2,552.80 $0.00 $2,274.61 $407,117.90
115 $407,117.90 $2,552.80 $0.00 $2,301.90 $411,972.60
116 $411,972.60 $2,552.80 $0.00 $2,329.35 $416,854.75
117 $416,854.75 $2,552.80 $0.00 $2,356.96 $421,764.51
118 $421,764.51 $2,552.80 $0.00 $2,384.72 $426,702.03
119 $426,702.03 $2,552.80 $0.00 $2,412.64 $431,667.47
120 $431,667.47 $2,552.80 $0.00 $2,440.71 $436,660.98
121 $436,660.98 $2,552.80 $0.00 $2,468.94 $441,682.72
122 $441,682.72 $2,552.80 $0.00 $2,497.34 $446,732.86
123 $446,732.86 $2,552.80 $0.00 $2,525.89 $451,811.55
124 $451,811.55 $2,552.80 $0.00 $2,554.61 $456,918.96
125 $456,918.96 $2,552.80 $0.00 $2,583.49 $462,055.25
126 $462,055.25 $2,552.80 $0.00 $2,612.53 $467,220.58
127 $467,220.58 $2,552.80 $0.00 $2,641.73 $472,415.11
128 $472,415.11 $2,552.80 $0.00 $2,671.10 $477,639.01
129 $477,639.01 $2,552.80 $0.00 $2,700.64 $482,892.45
130 $482,892.45 $2,552.80 $0.00 $2,730.34 $488,175.59
131 $488,175.59 $2,552.80 $0.00 $2,760.22 $493,488.61
132 $493,488.61 $2,552.80 $0.00 $2,790.26 $498,831.67
133 $498,831.67 $2,552.80 $0.00 $2,820.47 $504,204.94
134 $504,204.94 $2,552.80 $0.00 $2,850.85 $509,608.59
135 $509,608.59 $2,552.80 $0.00 $2,881.40 $515,042.79
136 $515,042.79 $2,552.80 $0.00 $2,912.13 $520,507.72
137 $520,507.72 $2,552.80 $0.00 $2,943.03 $526,003.55
138 $526,003.55 $2,552.80 $0.00 $2,974.10 $531,530.45
139 $531,530.45 $2,552.80 $0.00 $3,005.35 $537,088.60
140 $537,088.60 $2,552.80 $0.00 $3,036.78 $542,678.18
141 $542,678.18 $2,552.80 $0.00 $3,068.38 $548,299.36
142 $548,299.36 $2,552.80 $0.00 $3,100.16 $553,952.32
143 $553,952.32 $2,552.80 $0.00 $3,132.13 $559,637.25
144 $559,637.25 $2,552.80 $0.00 $3,164.27 $565,354.32
145 $565,354.32 $2,552.80 $0.00 $3,196.60 $571,103.72
146 $571,103.72 $2,552.80 $0.00 $3,229.10 $576,885.62
147 $576,885.62 $2,552.80 $0.00 $3,261.80 $582,700.22
148 $582,700.22 $2,552.80 $0.00 $3,294.67 $588,547.69
149 $588,547.69 $2,552.80 $0.00 $3,327.73 $594,428.22
150 $594,428.22 $2,552.80 $0.00 $3,360.98 $600,342.00
151 $600,342.00 $2,552.80 $0.00 $3,394.42 $606,289.22
152 $606,289.22 $2,552.80 $0.00 $3,428.05 $612,270.07
153 $612,270.07 $2,552.80 $0.00 $3,461.86 $618,284.73
154 $618,284.73 $2,552.80 $0.00 $3,495.87 $624,333.40
155 $624,333.40 $2,552.80 $0.00 $3,530.07 $630,416.27
156 $630,416.27 $2,552.80 $0.00 $3,564.47 $636,533.54
157 $636,533.54 $2,552.80 $0.00 $3,599.05 $642,685.39
158 $642,685.39 $2,552.80 $0.00 $3,633.84 $648,872.03
159 $648,872.03 $2,552.80 $0.00 $3,668.82 $655,093.65
160 $655,093.65 $2,552.80 $0.00 $3,703.99 $661,350.44
161 $661,350.44 $2,552.80 $0.00 $3,739.37 $667,642.61
162 $667,642.61 $2,552.80 $0.00 $3,774.95 $673,970.36
163 $673,970.36 $2,552.80 $0.00 $3,810.73 $680,333.89
164 $680,333.89 $2,552.80 $0.00 $3,846.71 $686,733.40
165 $686,733.40 $2,552.80 $0.00 $3,882.89 $693,169.09
166 $693,169.09 $2,552.80 $0.00 $3,919.28 $699,641.17
167 $699,641.17 $2,552.80 $0.00 $3,955.87 $706,149.84
168 $706,149.84 $2,552.80 $0.00 $3,992.67 $712,695.31
169 $712,695.31 $2,552.80 $0.00 $4,029.68 $719,277.79
170 $719,277.79 $2,552.80 $0.00 $4,066.90 $725,897.49
171 $725,897.49 $2,552.80 $0.00 $4,104.33 $732,554.62
172 $732,554.62 $2,552.80 $0.00 $4,141.97 $739,249.39
173 $739,249.39 $2,552.80 $0.00 $4,179.82 $745,982.01
174 $745,982.01 $2,552.80 $0.00 $4,217.89 $752,752.70
175 $752,752.70 $2,552.80 $0.00 $4,256.17 $759,561.67
176 $759,561.67 $2,552.80 $0.00 $4,294.67 $766,409.14
177 $766,409.14 $2,552.80 $0.00 $4,333.39 $773,295.33
178 $773,295.33 $2,552.80 $0.00 $4,372.32 $780,220.45
179 $780,220.45 $2,552.80 $0.00 $4,411.48 $787,184.73
180 $787,184.73 $2,552.80 $0.00 $4,450.86 $794,188.39
181 $794,188.39 $2,552.80 $0.00 $4,490.46 $801,231.65
182 $801,231.65 $2,552.80 $0.00 $4,530.28 $808,314.73
183 $808,314.73 $2,552.80 $0.00 $4,570.33 $815,437.86
184 $815,437.86 $2,552.80 $0.00 $4,610.60 $822,601.26
185 $822,601.26 $2,552.80 $0.00 $4,651.11 $829,805.17
186 $829,805.17 $2,552.80 $0.00 $4,691.84 $837,049.81
187 $837,049.81 $2,552.80 $0.00 $4,732.80 $844,335.41
188 $844,335.41 $2,552.80 $0.00 $4,774.00 $851,662.21
189 $851,662.21 $2,552.80 $0.00 $4,815.42 $859,030.43
190 $859,030.43 $2,552.80 $0.00 $4,857.08 $866,440.31
191 $866,440.31 $2,552.80 $0.00 $4,898.98 $873,892.09
192 $873,892.09 $2,552.80 $0.00 $4,941.11 $881,386.00
193 $881,386.00 $2,552.80 $0.00 $4,983.48 $888,922.28
194 $888,922.28 $2,552.80 $0.00 $5,026.10 $896,501.18
195 $896,501.18 $2,552.80 $0.00 $5,068.95 $904,122.93
196 $904,122.93 $2,552.80 $0.00 $5,112.04 $911,787.77
197 $911,787.77 $2,552.80 $0.00 $5,155.38 $919,495.95
198 $919,495.95 $2,552.80 $0.00 $5,198.96 $927,247.71
199 $927,247.71 $2,552.80 $0.00 $5,242.79 $935,043.30
200 $935,043.30 $2,552.80 $0.00 $5,286.87 $942,882.97
201 $942,882.97 $2,552.80 $0.00 $5,331.20 $950,766.97
202 $950,766.97 $2,552.80 $0.00 $5,375.77 $958,695.54
203 $958,695.54 $2,552.80 $0.00 $5,420.60 $966,668.94
204 $966,668.94 $2,552.80 $0.00 $5,465.69 $974,687.43
205 $974,687.43 $2,552.80 $0.00 $5,511.02 $982,751.25
206 $982,751.25 $2,552.80 $0.00 $5,556.62 $990,860.67
207 $990,860.67 $2,552.80 $0.00 $5,602.47 $999,015.94
208 $999,015.94 $2,552.80 $0.00 $5,648.58 $1,007,217.32
209 $1,007,217.32 $2,552.80 $0.00 $5,694.95 $1,015,465.07
210 $1,015,465.07 $2,552.80 $0.00 $5,741.59 $1,023,759.46
211 $1,023,759.46 $2,552.80 $0.00 $5,788.48 $1,032,100.74
212 $1,032,100.74 $2,552.80 $0.00 $5,835.65 $1,040,489.19
213 $1,040,489.19 $2,552.80 $0.00 $5,883.08 $1,048,925.07
214 $1,048,925.07 $2,552.80 $0.00 $5,930.77 $1,057,408.64
215 $1,057,408.64 $2,552.80 $0.00 $5,978.74 $1,065,940.18
216 $1,065,940.18 $2,552.80 $0.00 $6,026.98 $1,074,519.96
217 $1,074,519.96 $2,552.80 $291,002.03 $6,075.49 $792,146.22
218 $792,146.22 $2,552.80 $0.00 $4,478.91 $799,177.93
219 $799,177.93 $2,552.80 $0.00 $4,518.67 $806,249.40
220 $806,249.40 $2,552.80 $0.00 $4,558.65 $813,360.85
221 $813,360.85 $2,552.80 $0.00 $4,598.86 $820,512.51
222 $820,512.51 $2,552.80 $0.00 $4,639.30 $827,704.61
223 $827,704.61 $2,552.80 $0.00 $4,679.96 $834,937.37
224 $834,937.37 $2,552.80 $0.00 $4,720.86 $842,211.03
225 $842,211.03 $2,552.80 $0.00 $4,761.98 $849,525.81
226 $849,525.81 $2,552.80 $0.00 $4,803.34 $856,881.95
227 $856,881.95 $2,552.80 $0.00 $4,844.94 $864,279.69
228 $864,279.69 $2,552.80 $0.00 $4,886.76 $871,719.25
229 $871,719.25 $2,552.80 $311,372.17 $4,928.83 $567,828.71
230 $567,828.71 $2,552.80 $0.00 $3,210.59 $573,592.10
231 $573,592.10 $2,552.80 $0.00 $3,243.17 $579,388.07
232 $579,388.07 $2,552.80 $0.00 $3,275.94 $585,216.81
233 $585,216.81 $2,552.80 $0.00 $3,308.90 $591,078.51
234 $591,078.51 $2,552.80 $0.00 $3,342.04 $596,973.35
235 $596,973.35 $2,552.80 $0.00 $3,375.37 $602,901.52
236 $602,901.52 $2,552.80 $0.00 $3,408.89 $608,863.21
237 $608,863.21 $2,552.80 $0.00 $3,442.60 $614,858.61
238 $614,858.61 $2,552.80 $0.00 $3,476.50 $620,887.91
239 $620,887.91 $2,552.80 $0.00 $3,510.59 $626,951.30
240 $626,951.30 $2,552.80 $0.00 $3,544.87 $633,048.97
241 $633,048.97 $2,552.80 $333,168.22 $3,579.35 $306,012.90
242 $306,012.90 $2,552.80 $0.00 $1,730.24 $310,295.94
243 $310,295.94 $2,552.80 $0.00 $1,754.46 $314,603.20
244 $314,603.20 $2,552.80 $0.00 $1,778.81 $318,934.81
245 $318,934.81 $2,552.80 $0.00 $1,803.30 $323,290.91
246 $323,290.91 $2,552.80 $0.00 $1,827.93 $327,671.64
247 $327,671.64 $2,552.80 $0.00 $1,852.70 $332,077.14
248 $332,077.14 $2,552.80 $0.00 $1,877.61 $336,507.55
249 $336,507.55 $2,552.80 $0.00 $1,902.66 $340,963.01
250 $340,963.01 $2,552.80 $0.00 $1,927.85 $345,443.66
251 $345,443.66 $2,552.80 $0.00 $1,953.19 $349,949.65
252 $349,949.65 $2,552.80 $0.00 $1,978.67 $354,481.12
253 $354,481.12 $0.00 $356,490.00 $2,004.29 -$4.59