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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$182,357
Monthly savings required$1,444

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 $729,427.76 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,443.51 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$70,321.00
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 $1,443.51 $0.00 $0.00 $1,443.51
2 $1,443.51 $1,443.51 $0.00 $8.16 $2,895.18
3 $2,895.18 $1,443.51 $0.00 $16.37 $4,355.06
4 $4,355.06 $1,443.51 $0.00 $24.62 $5,823.19
5 $5,823.19 $1,443.51 $0.00 $32.93 $7,299.63
6 $7,299.63 $1,443.51 $0.00 $41.27 $8,784.41
7 $8,784.41 $1,443.51 $0.00 $49.67 $10,277.59
8 $10,277.59 $1,443.51 $0.00 $58.11 $11,779.21
9 $11,779.21 $1,443.51 $0.00 $66.60 $13,289.32
10 $13,289.32 $1,443.51 $0.00 $75.14 $14,807.97
11 $14,807.97 $1,443.51 $0.00 $83.73 $16,335.21
12 $16,335.21 $1,443.51 $0.00 $92.36 $17,871.08
13 $17,871.08 $1,443.51 $0.00 $101.05 $19,415.64
14 $19,415.64 $1,443.51 $0.00 $109.78 $20,968.93
15 $20,968.93 $1,443.51 $0.00 $118.56 $22,531.00
16 $22,531.00 $1,443.51 $0.00 $127.39 $24,101.90
17 $24,101.90 $1,443.51 $0.00 $136.28 $25,681.69
18 $25,681.69 $1,443.51 $0.00 $145.21 $27,270.41
19 $27,270.41 $1,443.51 $0.00 $154.19 $28,868.11
20 $28,868.11 $1,443.51 $0.00 $163.22 $30,474.84
21 $30,474.84 $1,443.51 $0.00 $172.31 $32,090.66
22 $32,090.66 $1,443.51 $0.00 $181.45 $33,715.62
23 $33,715.62 $1,443.51 $0.00 $190.63 $35,349.76
24 $35,349.76 $1,443.51 $0.00 $199.87 $36,993.14
25 $36,993.14 $1,443.51 $0.00 $209.16 $38,645.81
26 $38,645.81 $1,443.51 $0.00 $218.51 $40,307.83
27 $40,307.83 $1,443.51 $0.00 $227.91 $41,979.25
28 $41,979.25 $1,443.51 $0.00 $237.36 $43,660.12
29 $43,660.12 $1,443.51 $0.00 $246.86 $45,350.49
30 $45,350.49 $1,443.51 $0.00 $256.42 $47,050.42
31 $47,050.42 $1,443.51 $0.00 $266.03 $48,759.96
32 $48,759.96 $1,443.51 $0.00 $275.70 $50,479.17
33 $50,479.17 $1,443.51 $0.00 $285.42 $52,208.10
34 $52,208.10 $1,443.51 $0.00 $295.19 $53,946.80
35 $53,946.80 $1,443.51 $0.00 $305.02 $55,695.33
36 $55,695.33 $1,443.51 $0.00 $314.91 $57,453.75
37 $57,453.75 $1,443.51 $0.00 $324.85 $59,222.11
38 $59,222.11 $1,443.51 $0.00 $334.85 $61,000.47
39 $61,000.47 $1,443.51 $0.00 $344.91 $62,788.89
40 $62,788.89 $1,443.51 $0.00 $355.02 $64,587.42
41 $64,587.42 $1,443.51 $0.00 $365.19 $66,396.12
42 $66,396.12 $1,443.51 $0.00 $375.41 $68,215.04
43 $68,215.04 $1,443.51 $0.00 $385.70 $70,044.25
44 $70,044.25 $1,443.51 $0.00 $396.04 $71,883.80
45 $71,883.80 $1,443.51 $0.00 $406.44 $73,733.75
46 $73,733.75 $1,443.51 $0.00 $416.90 $75,594.16
47 $75,594.16 $1,443.51 $0.00 $427.42 $77,465.09
48 $77,465.09 $1,443.51 $0.00 $438.00 $79,346.60
49 $79,346.60 $1,443.51 $0.00 $448.64 $81,238.75
50 $81,238.75 $1,443.51 $0.00 $459.34 $83,141.60
51 $83,141.60 $1,443.51 $0.00 $470.09 $85,055.20
52 $85,055.20 $1,443.51 $0.00 $480.91 $86,979.62
53 $86,979.62 $1,443.51 $0.00 $491.80 $88,914.93
54 $88,914.93 $1,443.51 $0.00 $502.74 $90,861.18
55 $90,861.18 $1,443.51 $0.00 $513.74 $92,818.43
56 $92,818.43 $1,443.51 $0.00 $524.81 $94,786.75
57 $94,786.75 $1,443.51 $0.00 $535.94 $96,766.20
58 $96,766.20 $1,443.51 $0.00 $547.13 $98,756.84
59 $98,756.84 $1,443.51 $0.00 $558.39 $100,758.74
60 $100,758.74 $1,443.51 $0.00 $569.70 $102,771.95
61 $102,771.95 $1,443.51 $0.00 $581.09 $104,796.55
62 $104,796.55 $1,443.51 $0.00 $592.53 $106,832.59
63 $106,832.59 $1,443.51 $0.00 $604.05 $108,880.15
64 $108,880.15 $1,443.51 $0.00 $615.62 $110,939.28
65 $110,939.28 $1,443.51 $0.00 $627.27 $113,010.06
66 $113,010.06 $1,443.51 $0.00 $638.98 $115,092.55
67 $115,092.55 $1,443.51 $0.00 $650.75 $117,186.81
68 $117,186.81 $1,443.51 $0.00 $662.59 $119,292.91
69 $119,292.91 $1,443.51 $0.00 $674.50 $121,410.92
70 $121,410.92 $1,443.51 $0.00 $686.47 $123,540.90
71 $123,540.90 $1,443.51 $0.00 $698.52 $125,682.93
72 $125,682.93 $1,443.51 $0.00 $710.63 $127,837.07
73 $127,837.07 $1,443.51 $0.00 $722.81 $130,003.39
74 $130,003.39 $1,443.51 $0.00 $735.06 $132,181.96
75 $132,181.96 $1,443.51 $0.00 $747.38 $134,372.85
76 $134,372.85 $1,443.51 $0.00 $759.76 $136,576.12
77 $136,576.12 $1,443.51 $0.00 $772.22 $138,791.85
78 $138,791.85 $1,443.51 $0.00 $784.75 $141,020.11
79 $141,020.11 $1,443.51 $0.00 $797.35 $143,260.97
80 $143,260.97 $1,443.51 $0.00 $810.02 $145,514.50
81 $145,514.50 $1,443.51 $0.00 $822.76 $147,780.77
82 $147,780.77 $1,443.51 $0.00 $835.57 $150,059.85
83 $150,059.85 $1,443.51 $0.00 $848.46 $152,351.82
84 $152,351.82 $1,443.51 $0.00 $861.42 $154,656.75
85 $154,656.75 $1,443.51 $0.00 $874.45 $156,974.71
86 $156,974.71 $1,443.51 $0.00 $887.56 $159,305.78
87 $159,305.78 $1,443.51 $0.00 $900.74 $161,650.03
88 $161,650.03 $1,443.51 $0.00 $913.99 $164,007.53
89 $164,007.53 $1,443.51 $0.00 $927.32 $166,378.36
90 $166,378.36 $1,443.51 $0.00 $940.73 $168,762.60
91 $168,762.60 $1,443.51 $0.00 $954.21 $171,160.32
92 $171,160.32 $1,443.51 $0.00 $967.77 $173,571.60
93 $173,571.60 $1,443.51 $0.00 $981.40 $175,996.51
94 $175,996.51 $1,443.51 $0.00 $995.11 $178,435.13
95 $178,435.13 $1,443.51 $0.00 $1,008.90 $180,887.54
96 $180,887.54 $1,443.51 $0.00 $1,022.76 $183,353.81
97 $183,353.81 $1,443.51 $0.00 $1,036.71 $185,834.03
98 $185,834.03 $1,443.51 $0.00 $1,050.73 $188,328.27
99 $188,328.27 $1,443.51 $0.00 $1,064.84 $190,836.62
100 $190,836.62 $1,443.51 $0.00 $1,079.02 $193,359.15
101 $193,359.15 $1,443.51 $0.00 $1,093.28 $195,895.94
102 $195,895.94 $1,443.51 $0.00 $1,107.62 $198,447.07
103 $198,447.07 $1,443.51 $0.00 $1,122.05 $201,012.63
104 $201,012.63 $1,443.51 $0.00 $1,136.55 $203,592.69
105 $203,592.69 $1,443.51 $0.00 $1,151.14 $206,187.34
106 $206,187.34 $1,443.51 $0.00 $1,165.81 $208,796.66
107 $208,796.66 $1,443.51 $0.00 $1,180.57 $211,420.74
108 $211,420.74 $1,443.51 $0.00 $1,195.40 $214,059.65
109 $214,059.65 $1,443.51 $0.00 $1,210.32 $216,713.48
110 $216,713.48 $1,443.51 $0.00 $1,225.33 $219,382.32
111 $219,382.32 $1,443.51 $0.00 $1,240.42 $222,066.25
112 $222,066.25 $1,443.51 $0.00 $1,255.59 $224,765.35
113 $224,765.35 $1,443.51 $0.00 $1,270.86 $227,479.72
114 $227,479.72 $1,443.51 $0.00 $1,286.20 $230,209.43
115 $230,209.43 $1,443.51 $0.00 $1,301.64 $232,954.58
116 $232,954.58 $1,443.51 $0.00 $1,317.16 $235,715.25
117 $235,715.25 $1,443.51 $0.00 $1,332.77 $238,491.53
118 $238,491.53 $1,443.51 $0.00 $1,348.47 $241,283.51
119 $241,283.51 $1,443.51 $0.00 $1,364.25 $244,091.27
120 $244,091.27 $1,443.51 $0.00 $1,380.13 $246,914.91
121 $246,914.91 $1,443.51 $0.00 $1,396.09 $249,754.51
122 $249,754.51 $1,443.51 $0.00 $1,412.15 $252,610.17
123 $252,610.17 $1,443.51 $0.00 $1,428.29 $255,481.97
124 $255,481.97 $1,443.51 $0.00 $1,444.53 $258,370.01
125 $258,370.01 $1,443.51 $0.00 $1,460.86 $261,274.38
126 $261,274.38 $1,443.51 $0.00 $1,477.28 $264,195.17
127 $264,195.17 $1,443.51 $0.00 $1,493.80 $267,132.48
128 $267,132.48 $1,443.51 $0.00 $1,510.41 $270,086.40
129 $270,086.40 $1,443.51 $0.00 $1,527.11 $273,057.02
130 $273,057.02 $1,443.51 $0.00 $1,543.90 $276,044.43
131 $276,044.43 $1,443.51 $0.00 $1,560.80 $279,048.74
132 $279,048.74 $1,443.51 $0.00 $1,577.78 $282,070.03
133 $282,070.03 $1,443.51 $0.00 $1,594.86 $285,108.40
134 $285,108.40 $1,443.51 $0.00 $1,612.04 $288,163.95
135 $288,163.95 $1,443.51 $0.00 $1,629.32 $291,236.78
136 $291,236.78 $1,443.51 $0.00 $1,646.70 $294,326.99
137 $294,326.99 $1,443.51 $0.00 $1,664.17 $297,434.67
138 $297,434.67 $1,443.51 $0.00 $1,681.74 $300,559.92
139 $300,559.92 $1,443.51 $0.00 $1,699.41 $303,702.84
140 $303,702.84 $1,443.51 $0.00 $1,717.18 $306,863.53
141 $306,863.53 $1,443.51 $0.00 $1,735.05 $310,042.09
142 $310,042.09 $1,443.51 $0.00 $1,753.02 $313,238.62
143 $313,238.62 $1,443.51 $0.00 $1,771.10 $316,453.23
144 $316,453.23 $1,443.51 $0.00 $1,789.27 $319,686.01
145 $319,686.01 $1,443.51 $0.00 $1,807.55 $322,937.07
146 $322,937.07 $1,443.51 $0.00 $1,825.93 $326,206.51
147 $326,206.51 $1,443.51 $0.00 $1,844.42 $329,494.44
148 $329,494.44 $1,443.51 $0.00 $1,863.01 $332,800.96
149 $332,800.96 $1,443.51 $0.00 $1,881.71 $336,126.18
150 $336,126.18 $1,443.51 $0.00 $1,900.51 $339,470.20
151 $339,470.20 $1,443.51 $0.00 $1,919.41 $342,833.12
152 $342,833.12 $1,443.51 $0.00 $1,938.43 $346,215.06
153 $346,215.06 $1,443.51 $0.00 $1,957.55 $349,616.12
154 $349,616.12 $1,443.51 $0.00 $1,976.78 $353,036.41
155 $353,036.41 $1,443.51 $0.00 $1,996.12 $356,476.04
156 $356,476.04 $1,443.51 $0.00 $2,015.57 $359,935.12
157 $359,935.12 $1,443.51 $0.00 $2,035.13 $363,413.76
158 $363,413.76 $1,443.51 $0.00 $2,054.79 $366,912.06
159 $366,912.06 $1,443.51 $0.00 $2,074.57 $370,430.14
160 $370,430.14 $1,443.51 $0.00 $2,094.47 $373,968.12
161 $373,968.12 $1,443.51 $0.00 $2,114.47 $377,526.10
162 $377,526.10 $1,443.51 $0.00 $2,134.59 $381,104.20
163 $381,104.20 $1,443.51 $0.00 $2,154.82 $384,702.53
164 $384,702.53 $1,443.51 $0.00 $2,175.16 $388,321.20
165 $388,321.20 $1,443.51 $0.00 $2,195.62 $391,960.33
166 $391,960.33 $1,443.51 $0.00 $2,216.20 $395,620.04
167 $395,620.04 $1,443.51 $0.00 $2,236.89 $399,300.44
168 $399,300.44 $1,443.51 $0.00 $2,257.70 $403,001.65
169 $403,001.65 $1,443.51 $0.00 $2,278.63 $406,723.79
170 $406,723.79 $1,443.51 $0.00 $2,299.68 $410,466.98
171 $410,466.98 $1,443.51 $0.00 $2,320.84 $414,231.33
172 $414,231.33 $1,443.51 $0.00 $2,342.12 $418,016.96
173 $418,016.96 $1,443.51 $0.00 $2,363.53 $421,824.00
174 $421,824.00 $1,443.51 $0.00 $2,385.05 $425,652.56
175 $425,652.56 $1,443.51 $0.00 $2,406.70 $429,502.77
176 $429,502.77 $1,443.51 $0.00 $2,428.47 $433,374.75
177 $433,374.75 $1,443.51 $0.00 $2,450.36 $437,268.62
178 $437,268.62 $1,443.51 $0.00 $2,472.38 $441,184.51
179 $441,184.51 $1,443.51 $0.00 $2,494.52 $445,122.54
180 $445,122.54 $1,443.51 $0.00 $2,516.79 $449,082.84
181 $449,082.84 $1,443.51 $0.00 $2,539.18 $453,065.53
182 $453,065.53 $1,443.51 $0.00 $2,561.70 $457,070.74
183 $457,070.74 $1,443.51 $0.00 $2,584.34 $461,098.59
184 $461,098.59 $1,443.51 $0.00 $2,607.12 $465,149.22
185 $465,149.22 $1,443.51 $0.00 $2,630.02 $469,222.75
186 $469,222.75 $1,443.51 $0.00 $2,653.05 $473,319.31
187 $473,319.31 $1,443.51 $0.00 $2,676.22 $477,439.04
188 $477,439.04 $1,443.51 $0.00 $2,699.51 $481,582.06
189 $481,582.06 $1,443.51 $0.00 $2,722.93 $485,748.50
190 $485,748.50 $1,443.51 $0.00 $2,746.49 $489,938.50
191 $489,938.50 $1,443.51 $0.00 $2,770.18 $494,152.19
192 $494,152.19 $1,443.51 $0.00 $2,794.01 $498,389.71
193 $498,389.71 $1,443.51 $0.00 $2,817.97 $502,651.19
194 $502,651.19 $1,443.51 $0.00 $2,842.06 $506,936.76
195 $506,936.76 $1,443.51 $0.00 $2,866.29 $511,246.56
196 $511,246.56 $1,443.51 $0.00 $2,890.66 $515,580.73
197 $515,580.73 $1,443.51 $0.00 $2,915.17 $519,939.41
198 $519,939.41 $1,443.51 $0.00 $2,939.81 $524,322.73
199 $524,322.73 $1,443.51 $0.00 $2,964.60 $528,730.84
200 $528,730.84 $1,443.51 $0.00 $2,989.52 $533,163.87
201 $533,163.87 $1,443.51 $0.00 $3,014.59 $537,621.97
202 $537,621.97 $1,443.51 $0.00 $3,039.79 $542,105.27
203 $542,105.27 $1,443.51 $0.00 $3,065.14 $546,613.92
204 $546,613.92 $1,443.51 $0.00 $3,090.63 $551,148.06
205 $551,148.06 $1,443.51 $0.00 $3,116.27 $555,707.84
206 $555,707.84 $1,443.51 $0.00 $3,142.05 $560,293.40
207 $560,293.40 $1,443.51 $0.00 $3,167.98 $564,904.89
208 $564,904.89 $1,443.51 $0.00 $3,194.05 $569,542.45
209 $569,542.45 $1,443.51 $0.00 $3,220.28 $574,206.24
210 $574,206.24 $1,443.51 $0.00 $3,246.65 $578,896.40
211 $578,896.40 $1,443.51 $0.00 $3,273.16 $583,613.07
212 $583,613.07 $1,443.51 $0.00 $3,299.83 $588,356.41
213 $588,356.41 $1,443.51 $0.00 $3,326.65 $593,126.57
214 $593,126.57 $1,443.51 $0.00 $3,353.62 $597,923.70
215 $597,923.70 $1,443.51 $0.00 $3,380.75 $602,747.96
216 $602,747.96 $1,443.51 $0.00 $3,408.02 $607,599.49
217 $607,599.49 $1,443.51 $169,235.87 $3,435.46 $443,242.59
218 $443,242.59 $1,443.51 $0.00 $2,506.16 $447,192.26
219 $447,192.26 $1,443.51 $0.00 $2,528.49 $451,164.26
220 $451,164.26 $1,443.51 $0.00 $2,550.95 $455,158.72
221 $455,158.72 $1,443.51 $0.00 $2,573.53 $459,175.76
222 $459,175.76 $1,443.51 $0.00 $2,596.25 $463,215.52
223 $463,215.52 $1,443.51 $0.00 $2,619.09 $467,278.12
224 $467,278.12 $1,443.51 $0.00 $2,642.06 $471,363.69
225 $471,363.69 $1,443.51 $0.00 $2,665.16 $475,472.36
226 $475,472.36 $1,443.51 $0.00 $2,688.39 $479,604.26
227 $479,604.26 $1,443.51 $0.00 $2,711.75 $483,759.52
228 $483,759.52 $1,443.51 $0.00 $2,735.25 $487,938.28
229 $487,938.28 $1,443.51 $177,697.66 $2,758.87 $314,443.00
230 $314,443.00 $1,443.51 $0.00 $1,777.91 $317,664.42
231 $317,664.42 $1,443.51 $0.00 $1,796.12 $320,904.05
232 $320,904.05 $1,443.51 $0.00 $1,814.44 $324,162.00
233 $324,162.00 $1,443.51 $0.00 $1,832.86 $327,438.37
234 $327,438.37 $1,443.51 $0.00 $1,851.38 $330,733.26
235 $330,733.26 $1,443.51 $0.00 $1,870.01 $334,046.78
236 $334,046.78 $1,443.51 $0.00 $1,888.75 $337,379.04
237 $337,379.04 $1,443.51 $0.00 $1,907.59 $340,730.14
238 $340,730.14 $1,443.51 $0.00 $1,926.54 $344,100.19
239 $344,100.19 $1,443.51 $0.00 $1,945.59 $347,489.29
240 $347,489.29 $1,443.51 $0.00 $1,964.75 $350,897.55
241 $350,897.55 $1,443.51 $186,582.55 $1,984.03 $167,742.54
242 $167,742.54 $1,443.51 $0.00 $948.44 $170,134.49
243 $170,134.49 $1,443.51 $0.00 $961.97 $172,539.97
244 $172,539.97 $1,443.51 $0.00 $975.57 $174,959.05
245 $174,959.05 $1,443.51 $0.00 $989.24 $177,391.80
246 $177,391.80 $1,443.51 $0.00 $1,003.00 $179,838.31
247 $179,838.31 $1,443.51 $0.00 $1,016.83 $182,298.65
248 $182,298.65 $1,443.51 $0.00 $1,030.74 $184,772.90
249 $184,772.90 $1,443.51 $0.00 $1,044.73 $187,261.14
250 $187,261.14 $1,443.51 $0.00 $1,058.80 $189,763.45
251 $189,763.45 $1,443.51 $0.00 $1,072.95 $192,279.91
252 $192,279.91 $1,443.51 $0.00 $1,087.18 $194,810.60
253 $194,810.60 $0.00 $195,911.68 $1,101.49 $0.41