Savings Plan and Future Cost Estimation for Cornell University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$204,843
Monthly savings required$1,622

How much will it cost to send your child to Cornell University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $819,370.57 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,621.51 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$78,992.00
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 $1,621.51 $0.00 $0.00 $1,621.51
2 $1,621.51 $1,621.51 $0.00 $9.17 $3,252.19
3 $3,252.19 $1,621.51 $0.00 $18.39 $4,892.09
4 $4,892.09 $1,621.51 $0.00 $27.66 $6,541.26
5 $6,541.26 $1,621.51 $0.00 $36.99 $8,199.76
6 $8,199.76 $1,621.51 $0.00 $46.36 $9,867.63
7 $9,867.63 $1,621.51 $0.00 $55.79 $11,544.93
8 $11,544.93 $1,621.51 $0.00 $65.28 $13,231.72
9 $13,231.72 $1,621.51 $0.00 $74.81 $14,928.04
10 $14,928.04 $1,621.51 $0.00 $84.41 $16,633.96
11 $16,633.96 $1,621.51 $0.00 $94.05 $18,349.52
12 $18,349.52 $1,621.51 $0.00 $103.75 $20,074.78
13 $20,074.78 $1,621.51 $0.00 $113.51 $21,809.80
14 $21,809.80 $1,621.51 $0.00 $123.32 $23,554.63
15 $23,554.63 $1,621.51 $0.00 $133.18 $25,309.32
16 $25,309.32 $1,621.51 $0.00 $143.10 $27,073.93
17 $27,073.93 $1,621.51 $0.00 $153.08 $28,848.52
18 $28,848.52 $1,621.51 $0.00 $163.11 $30,633.14
19 $30,633.14 $1,621.51 $0.00 $173.20 $32,427.85
20 $32,427.85 $1,621.51 $0.00 $183.35 $34,232.71
21 $34,232.71 $1,621.51 $0.00 $193.56 $36,047.78
22 $36,047.78 $1,621.51 $0.00 $203.82 $37,873.11
23 $37,873.11 $1,621.51 $0.00 $214.14 $39,708.76
24 $39,708.76 $1,621.51 $0.00 $224.52 $41,554.79
25 $41,554.79 $1,621.51 $0.00 $234.96 $43,411.26
26 $43,411.26 $1,621.51 $0.00 $245.45 $45,278.22
27 $45,278.22 $1,621.51 $0.00 $256.01 $47,155.74
28 $47,155.74 $1,621.51 $0.00 $266.63 $49,043.88
29 $49,043.88 $1,621.51 $0.00 $277.30 $50,942.69
30 $50,942.69 $1,621.51 $0.00 $288.04 $52,852.24
31 $52,852.24 $1,621.51 $0.00 $298.83 $54,772.58
32 $54,772.58 $1,621.51 $0.00 $309.69 $56,703.78
33 $56,703.78 $1,621.51 $0.00 $320.61 $58,645.90
34 $58,645.90 $1,621.51 $0.00 $331.59 $60,599.00
35 $60,599.00 $1,621.51 $0.00 $342.64 $62,563.15
36 $62,563.15 $1,621.51 $0.00 $353.74 $64,538.40
37 $64,538.40 $1,621.51 $0.00 $364.91 $66,524.82
38 $66,524.82 $1,621.51 $0.00 $376.14 $68,522.47
39 $68,522.47 $1,621.51 $0.00 $387.44 $70,531.42
40 $70,531.42 $1,621.51 $0.00 $398.79 $72,551.72
41 $72,551.72 $1,621.51 $0.00 $410.22 $74,583.45
42 $74,583.45 $1,621.51 $0.00 $421.71 $76,626.67
43 $76,626.67 $1,621.51 $0.00 $433.26 $78,681.44
44 $78,681.44 $1,621.51 $0.00 $444.88 $80,747.83
45 $80,747.83 $1,621.51 $0.00 $456.56 $82,825.90
46 $82,825.90 $1,621.51 $0.00 $468.31 $84,915.72
47 $84,915.72 $1,621.51 $0.00 $480.13 $87,017.36
48 $87,017.36 $1,621.51 $0.00 $492.01 $89,130.88
49 $89,130.88 $1,621.51 $0.00 $503.96 $91,256.35
50 $91,256.35 $1,621.51 $0.00 $515.98 $93,393.84
51 $93,393.84 $1,621.51 $0.00 $528.06 $95,543.41
52 $95,543.41 $1,621.51 $0.00 $540.22 $97,705.14
53 $97,705.14 $1,621.51 $0.00 $552.44 $99,879.09
54 $99,879.09 $1,621.51 $0.00 $564.73 $102,065.33
55 $102,065.33 $1,621.51 $0.00 $577.09 $104,263.93
56 $104,263.93 $1,621.51 $0.00 $589.52 $106,474.96
57 $106,474.96 $1,621.51 $0.00 $602.02 $108,698.49
58 $108,698.49 $1,621.51 $0.00 $614.60 $110,934.60
59 $110,934.60 $1,621.51 $0.00 $627.24 $113,183.35
60 $113,183.35 $1,621.51 $0.00 $639.96 $115,444.82
61 $115,444.82 $1,621.51 $0.00 $652.74 $117,719.07
62 $117,719.07 $1,621.51 $0.00 $665.60 $120,006.18
63 $120,006.18 $1,621.51 $0.00 $678.53 $122,306.22
64 $122,306.22 $1,621.51 $0.00 $691.54 $124,619.27
65 $124,619.27 $1,621.51 $0.00 $704.62 $126,945.40
66 $126,945.40 $1,621.51 $0.00 $717.77 $129,284.68
67 $129,284.68 $1,621.51 $0.00 $730.99 $131,637.18
68 $131,637.18 $1,621.51 $0.00 $744.30 $134,002.99
69 $134,002.99 $1,621.51 $0.00 $757.67 $136,382.17
70 $136,382.17 $1,621.51 $0.00 $771.12 $138,774.80
71 $138,774.80 $1,621.51 $0.00 $784.65 $141,180.96
72 $141,180.96 $1,621.51 $0.00 $798.26 $143,600.73
73 $143,600.73 $1,621.51 $0.00 $811.94 $146,034.18
74 $146,034.18 $1,621.51 $0.00 $825.70 $148,481.39
75 $148,481.39 $1,621.51 $0.00 $839.54 $150,942.44
76 $150,942.44 $1,621.51 $0.00 $853.45 $153,417.40
77 $153,417.40 $1,621.51 $0.00 $867.44 $155,906.35
78 $155,906.35 $1,621.51 $0.00 $881.52 $158,409.38
79 $158,409.38 $1,621.51 $0.00 $895.67 $160,926.56
80 $160,926.56 $1,621.51 $0.00 $909.90 $163,457.97
81 $163,457.97 $1,621.51 $0.00 $924.22 $166,003.70
82 $166,003.70 $1,621.51 $0.00 $938.61 $168,563.82
83 $168,563.82 $1,621.51 $0.00 $953.08 $171,138.41
84 $171,138.41 $1,621.51 $0.00 $967.64 $173,727.56
85 $173,727.56 $1,621.51 $0.00 $982.28 $176,331.35
86 $176,331.35 $1,621.51 $0.00 $997.00 $178,949.86
87 $178,949.86 $1,621.51 $0.00 $1,011.81 $181,583.18
88 $181,583.18 $1,621.51 $0.00 $1,026.70 $184,231.39
89 $184,231.39 $1,621.51 $0.00 $1,041.67 $186,894.57
90 $186,894.57 $1,621.51 $0.00 $1,056.73 $189,572.81
91 $189,572.81 $1,621.51 $0.00 $1,071.87 $192,266.19
92 $192,266.19 $1,621.51 $0.00 $1,087.10 $194,974.80
93 $194,974.80 $1,621.51 $0.00 $1,102.42 $197,698.73
94 $197,698.73 $1,621.51 $0.00 $1,117.82 $200,438.06
95 $200,438.06 $1,621.51 $0.00 $1,133.31 $203,192.88
96 $203,192.88 $1,621.51 $0.00 $1,148.88 $205,963.27
97 $205,963.27 $1,621.51 $0.00 $1,164.55 $208,749.33
98 $208,749.33 $1,621.51 $0.00 $1,180.30 $211,551.14
99 $211,551.14 $1,621.51 $0.00 $1,196.14 $214,368.79
100 $214,368.79 $1,621.51 $0.00 $1,212.07 $217,202.37
101 $217,202.37 $1,621.51 $0.00 $1,228.09 $220,051.97
102 $220,051.97 $1,621.51 $0.00 $1,244.21 $222,917.69
103 $222,917.69 $1,621.51 $0.00 $1,260.41 $225,799.61
104 $225,799.61 $1,621.51 $0.00 $1,276.70 $228,697.82
105 $228,697.82 $1,621.51 $0.00 $1,293.09 $231,612.42
106 $231,612.42 $1,621.51 $0.00 $1,309.57 $234,543.50
107 $234,543.50 $1,621.51 $0.00 $1,326.14 $237,491.15
108 $237,491.15 $1,621.51 $0.00 $1,342.81 $240,455.47
109 $240,455.47 $1,621.51 $0.00 $1,359.57 $243,436.55
110 $243,436.55 $1,621.51 $0.00 $1,376.43 $246,434.49
111 $246,434.49 $1,621.51 $0.00 $1,393.38 $249,449.38
112 $249,449.38 $1,621.51 $0.00 $1,410.42 $252,481.31
113 $252,481.31 $1,621.51 $0.00 $1,427.57 $255,530.39
114 $255,530.39 $1,621.51 $0.00 $1,444.81 $258,596.71
115 $258,596.71 $1,621.51 $0.00 $1,462.14 $261,680.36
116 $261,680.36 $1,621.51 $0.00 $1,479.58 $264,781.45
117 $264,781.45 $1,621.51 $0.00 $1,497.11 $267,900.07
118 $267,900.07 $1,621.51 $0.00 $1,514.75 $271,036.33
119 $271,036.33 $1,621.51 $0.00 $1,532.48 $274,190.32
120 $274,190.32 $1,621.51 $0.00 $1,550.31 $277,362.14
121 $277,362.14 $1,621.51 $0.00 $1,568.25 $280,551.90
122 $280,551.90 $1,621.51 $0.00 $1,586.28 $283,759.69
123 $283,759.69 $1,621.51 $0.00 $1,604.42 $286,985.62
124 $286,985.62 $1,621.51 $0.00 $1,622.66 $290,229.79
125 $290,229.79 $1,621.51 $0.00 $1,641.00 $293,492.30
126 $293,492.30 $1,621.51 $0.00 $1,659.45 $296,773.26
127 $296,773.26 $1,621.51 $0.00 $1,678.00 $300,072.77
128 $300,072.77 $1,621.51 $0.00 $1,696.66 $303,390.94
129 $303,390.94 $1,621.51 $0.00 $1,715.42 $306,727.87
130 $306,727.87 $1,621.51 $0.00 $1,734.28 $310,083.66
131 $310,083.66 $1,621.51 $0.00 $1,753.26 $313,458.43
132 $313,458.43 $1,621.51 $0.00 $1,772.34 $316,852.28
133 $316,852.28 $1,621.51 $0.00 $1,791.53 $320,265.32
134 $320,265.32 $1,621.51 $0.00 $1,810.83 $323,697.66
135 $323,697.66 $1,621.51 $0.00 $1,830.23 $327,149.40
136 $327,149.40 $1,621.51 $0.00 $1,849.75 $330,620.66
137 $330,620.66 $1,621.51 $0.00 $1,869.38 $334,111.55
138 $334,111.55 $1,621.51 $0.00 $1,889.12 $337,622.18
139 $337,622.18 $1,621.51 $0.00 $1,908.96 $341,152.65
140 $341,152.65 $1,621.51 $0.00 $1,928.93 $344,703.09
141 $344,703.09 $1,621.51 $0.00 $1,949.00 $348,273.60
142 $348,273.60 $1,621.51 $0.00 $1,969.19 $351,864.30
143 $351,864.30 $1,621.51 $0.00 $1,989.49 $355,475.30
144 $355,475.30 $1,621.51 $0.00 $2,009.91 $359,106.72
145 $359,106.72 $1,621.51 $0.00 $2,030.44 $362,758.67
146 $362,758.67 $1,621.51 $0.00 $2,051.09 $366,431.27
147 $366,431.27 $1,621.51 $0.00 $2,071.86 $370,124.64
148 $370,124.64 $1,621.51 $0.00 $2,092.74 $373,838.89
149 $373,838.89 $1,621.51 $0.00 $2,113.74 $377,574.14
150 $377,574.14 $1,621.51 $0.00 $2,134.86 $381,330.51
151 $381,330.51 $1,621.51 $0.00 $2,156.10 $385,108.12
152 $385,108.12 $1,621.51 $0.00 $2,177.46 $388,907.09
153 $388,907.09 $1,621.51 $0.00 $2,198.94 $392,727.54
154 $392,727.54 $1,621.51 $0.00 $2,220.54 $396,569.59
155 $396,569.59 $1,621.51 $0.00 $2,242.26 $400,433.36
156 $400,433.36 $1,621.51 $0.00 $2,264.11 $404,318.98
157 $404,318.98 $1,621.51 $0.00 $2,286.08 $408,226.57
158 $408,226.57 $1,621.51 $0.00 $2,308.17 $412,156.25
159 $412,156.25 $1,621.51 $0.00 $2,330.39 $416,108.15
160 $416,108.15 $1,621.51 $0.00 $2,352.74 $420,082.40
161 $420,082.40 $1,621.51 $0.00 $2,375.21 $424,079.12
162 $424,079.12 $1,621.51 $0.00 $2,397.81 $428,098.44
163 $428,098.44 $1,621.51 $0.00 $2,420.53 $432,140.48
164 $432,140.48 $1,621.51 $0.00 $2,443.39 $436,205.38
165 $436,205.38 $1,621.51 $0.00 $2,466.37 $440,293.26
166 $440,293.26 $1,621.51 $0.00 $2,489.48 $444,404.25
167 $444,404.25 $1,621.51 $0.00 $2,512.73 $448,538.49
168 $448,538.49 $1,621.51 $0.00 $2,536.10 $452,696.10
169 $452,696.10 $1,621.51 $0.00 $2,559.61 $456,877.22
170 $456,877.22 $1,621.51 $0.00 $2,583.25 $461,081.98
171 $461,081.98 $1,621.51 $0.00 $2,607.02 $465,310.51
172 $465,310.51 $1,621.51 $0.00 $2,630.93 $469,562.95
173 $469,562.95 $1,621.51 $0.00 $2,654.98 $473,839.44
174 $473,839.44 $1,621.51 $0.00 $2,679.16 $478,140.11
175 $478,140.11 $1,621.51 $0.00 $2,703.47 $482,465.09
176 $482,465.09 $1,621.51 $0.00 $2,727.93 $486,814.53
177 $486,814.53 $1,621.51 $0.00 $2,752.52 $491,188.56
178 $491,188.56 $1,621.51 $0.00 $2,777.25 $495,587.32
179 $495,587.32 $1,621.51 $0.00 $2,802.12 $500,010.95
180 $500,010.95 $1,621.51 $0.00 $2,827.13 $504,459.59
181 $504,459.59 $1,621.51 $0.00 $2,852.29 $508,933.39
182 $508,933.39 $1,621.51 $0.00 $2,877.58 $513,432.48
183 $513,432.48 $1,621.51 $0.00 $2,903.02 $517,957.01
184 $517,957.01 $1,621.51 $0.00 $2,928.60 $522,507.12
185 $522,507.12 $1,621.51 $0.00 $2,954.33 $527,082.96
186 $527,082.96 $1,621.51 $0.00 $2,980.20 $531,684.67
187 $531,684.67 $1,621.51 $0.00 $3,006.22 $536,312.40
188 $536,312.40 $1,621.51 $0.00 $3,032.39 $540,966.30
189 $540,966.30 $1,621.51 $0.00 $3,058.70 $545,646.51
190 $545,646.51 $1,621.51 $0.00 $3,085.16 $550,353.18
191 $550,353.18 $1,621.51 $0.00 $3,111.78 $555,086.47
192 $555,086.47 $1,621.51 $0.00 $3,138.54 $559,846.52
193 $559,846.52 $1,621.51 $0.00 $3,165.45 $564,633.48
194 $564,633.48 $1,621.51 $0.00 $3,192.52 $569,447.51
195 $569,447.51 $1,621.51 $0.00 $3,219.74 $574,288.76
196 $574,288.76 $1,621.51 $0.00 $3,247.11 $579,157.38
197 $579,157.38 $1,621.51 $0.00 $3,274.64 $584,053.53
198 $584,053.53 $1,621.51 $0.00 $3,302.32 $588,977.36
199 $588,977.36 $1,621.51 $0.00 $3,330.16 $593,929.03
200 $593,929.03 $1,621.51 $0.00 $3,358.16 $598,908.70
201 $598,908.70 $1,621.51 $0.00 $3,386.32 $603,916.53
202 $603,916.53 $1,621.51 $0.00 $3,414.63 $608,952.67
203 $608,952.67 $1,621.51 $0.00 $3,443.11 $614,017.29
204 $614,017.29 $1,621.51 $0.00 $3,471.74 $619,110.54
205 $619,110.54 $1,621.51 $0.00 $3,500.54 $624,232.59
206 $624,232.59 $1,621.51 $0.00 $3,529.50 $629,383.60
207 $629,383.60 $1,621.51 $0.00 $3,558.63 $634,563.74
208 $634,563.74 $1,621.51 $0.00 $3,587.92 $639,773.17
209 $639,773.17 $1,621.51 $0.00 $3,617.37 $645,012.05
210 $645,012.05 $1,621.51 $0.00 $3,646.99 $650,280.55
211 $650,280.55 $1,621.51 $0.00 $3,676.78 $655,578.84
212 $655,578.84 $1,621.51 $0.00 $3,706.74 $660,907.09
213 $660,907.09 $1,621.51 $0.00 $3,736.86 $666,265.46
214 $666,265.46 $1,621.51 $0.00 $3,767.16 $671,654.13
215 $671,654.13 $1,621.51 $0.00 $3,797.63 $677,073.27
216 $677,073.27 $1,621.51 $0.00 $3,828.27 $682,523.05
217 $682,523.05 $1,621.51 $190,103.67 $3,859.08 $497,899.97
218 $497,899.97 $1,621.51 $0.00 $2,815.20 $502,336.68
219 $502,336.68 $1,621.51 $0.00 $2,840.28 $506,798.47
220 $506,798.47 $1,621.51 $0.00 $2,865.51 $511,285.49
221 $511,285.49 $1,621.51 $0.00 $2,890.88 $515,797.88
222 $515,797.88 $1,621.51 $0.00 $2,916.40 $520,335.79
223 $520,335.79 $1,621.51 $0.00 $2,942.05 $524,899.35
224 $524,899.35 $1,621.51 $0.00 $2,967.86 $529,488.72
225 $529,488.72 $1,621.51 $0.00 $2,993.81 $534,104.04
226 $534,104.04 $1,621.51 $0.00 $3,019.90 $538,745.45
227 $538,745.45 $1,621.51 $0.00 $3,046.15 $543,413.11
228 $543,413.11 $1,621.51 $0.00 $3,072.54 $548,107.16
229 $548,107.16 $1,621.51 $199,608.85 $3,099.08 $353,218.90
230 $353,218.90 $1,621.51 $0.00 $1,997.15 $356,837.56
231 $356,837.56 $1,621.51 $0.00 $2,017.61 $360,476.68
232 $360,476.68 $1,621.51 $0.00 $2,038.19 $364,136.38
233 $364,136.38 $1,621.51 $0.00 $2,058.88 $367,816.77
234 $367,816.77 $1,621.51 $0.00 $2,079.69 $371,517.97
235 $371,517.97 $1,621.51 $0.00 $2,100.62 $375,240.10
236 $375,240.10 $1,621.51 $0.00 $2,121.66 $378,983.27
237 $378,983.27 $1,621.51 $0.00 $2,142.83 $382,747.61
238 $382,747.61 $1,621.51 $0.00 $2,164.11 $386,533.23
239 $386,533.23 $1,621.51 $0.00 $2,185.52 $390,340.26
240 $390,340.26 $1,621.51 $0.00 $2,207.04 $394,168.81
241 $394,168.81 $1,621.51 $209,589.29 $2,228.69 $188,429.72
242 $188,429.72 $1,621.51 $0.00 $1,065.41 $191,116.64
243 $191,116.64 $1,621.51 $0.00 $1,080.60 $193,818.75
244 $193,818.75 $1,621.51 $0.00 $1,095.88 $196,536.14
245 $196,536.14 $1,621.51 $0.00 $1,111.24 $199,268.89
246 $199,268.89 $1,621.51 $0.00 $1,126.70 $202,017.10
247 $202,017.10 $1,621.51 $0.00 $1,142.23 $204,780.84
248 $204,780.84 $1,621.51 $0.00 $1,157.86 $207,560.21
249 $207,560.21 $1,621.51 $0.00 $1,173.58 $210,355.30
250 $210,355.30 $1,621.51 $0.00 $1,189.38 $213,166.19
251 $213,166.19 $1,621.51 $0.00 $1,205.27 $215,992.97
252 $215,992.97 $1,621.51 $0.00 $1,221.26 $218,835.74
253 $218,835.74 $0.00 $220,068.76 $1,237.33 $4.31