Savings Plan and Future Cost Estimation for CUNY Brooklyn College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$82,687
Monthly savings required$655

How much will it cost to send your child to CUNY Brooklyn College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $330,748.05 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $654.54 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$31,886.00
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 $654.54 $0.00 $0.00 $654.54
2 $654.54 $654.54 $0.00 $3.70 $1,312.78
3 $1,312.78 $654.54 $0.00 $7.42 $1,974.74
4 $1,974.74 $654.54 $0.00 $11.17 $2,640.45
5 $2,640.45 $654.54 $0.00 $14.93 $3,309.92
6 $3,309.92 $654.54 $0.00 $18.71 $3,983.17
7 $3,983.17 $654.54 $0.00 $22.52 $4,660.23
8 $4,660.23 $654.54 $0.00 $26.35 $5,341.12
9 $5,341.12 $654.54 $0.00 $30.20 $6,025.86
10 $6,025.86 $654.54 $0.00 $34.07 $6,714.47
11 $6,714.47 $654.54 $0.00 $37.96 $7,406.97
12 $7,406.97 $654.54 $0.00 $41.88 $8,103.39
13 $8,103.39 $654.54 $0.00 $45.82 $8,803.75
14 $8,803.75 $654.54 $0.00 $49.78 $9,508.07
15 $9,508.07 $654.54 $0.00 $53.76 $10,216.37
16 $10,216.37 $654.54 $0.00 $57.76 $10,928.67
17 $10,928.67 $654.54 $0.00 $61.79 $11,645.00
18 $11,645.00 $654.54 $0.00 $65.84 $12,365.38
19 $12,365.38 $654.54 $0.00 $69.92 $13,089.84
20 $13,089.84 $654.54 $0.00 $74.01 $13,818.39
21 $13,818.39 $654.54 $0.00 $78.13 $14,551.06
22 $14,551.06 $654.54 $0.00 $82.27 $15,287.87
23 $15,287.87 $654.54 $0.00 $86.44 $16,028.85
24 $16,028.85 $654.54 $0.00 $90.63 $16,774.02
25 $16,774.02 $654.54 $0.00 $94.84 $17,523.40
26 $17,523.40 $654.54 $0.00 $99.08 $18,277.02
27 $18,277.02 $654.54 $0.00 $103.34 $19,034.90
28 $19,034.90 $654.54 $0.00 $107.63 $19,797.07
29 $19,797.07 $654.54 $0.00 $111.94 $20,563.55
30 $20,563.55 $654.54 $0.00 $116.27 $21,334.36
31 $21,334.36 $654.54 $0.00 $120.63 $22,109.53
32 $22,109.53 $654.54 $0.00 $125.01 $22,889.08
33 $22,889.08 $654.54 $0.00 $129.42 $23,673.04
34 $23,673.04 $654.54 $0.00 $133.85 $24,461.43
35 $24,461.43 $654.54 $0.00 $138.31 $25,254.28
36 $25,254.28 $654.54 $0.00 $142.79 $26,051.61
37 $26,051.61 $654.54 $0.00 $147.30 $26,853.45
38 $26,853.45 $654.54 $0.00 $151.83 $27,659.82
39 $27,659.82 $654.54 $0.00 $156.39 $28,470.75
40 $28,470.75 $654.54 $0.00 $160.98 $29,286.27
41 $29,286.27 $654.54 $0.00 $165.59 $30,106.40
42 $30,106.40 $654.54 $0.00 $170.23 $30,931.17
43 $30,931.17 $654.54 $0.00 $174.89 $31,760.60
44 $31,760.60 $654.54 $0.00 $179.58 $32,594.72
45 $32,594.72 $654.54 $0.00 $184.30 $33,433.56
46 $33,433.56 $654.54 $0.00 $189.04 $34,277.14
47 $34,277.14 $654.54 $0.00 $193.81 $35,125.49
48 $35,125.49 $654.54 $0.00 $198.60 $35,978.63
49 $35,978.63 $654.54 $0.00 $203.43 $36,836.60
50 $36,836.60 $654.54 $0.00 $208.28 $37,699.42
51 $37,699.42 $654.54 $0.00 $213.16 $38,567.12
52 $38,567.12 $654.54 $0.00 $218.06 $39,439.72
53 $39,439.72 $654.54 $0.00 $223.00 $40,317.26
54 $40,317.26 $654.54 $0.00 $227.96 $41,199.76
55 $41,199.76 $654.54 $0.00 $232.95 $42,087.25
56 $42,087.25 $654.54 $0.00 $237.97 $42,979.76
57 $42,979.76 $654.54 $0.00 $243.01 $43,877.31
58 $43,877.31 $654.54 $0.00 $248.09 $44,779.94
59 $44,779.94 $654.54 $0.00 $253.19 $45,687.67
60 $45,687.67 $654.54 $0.00 $258.32 $46,600.53
61 $46,600.53 $654.54 $0.00 $263.49 $47,518.56
62 $47,518.56 $654.54 $0.00 $268.68 $48,441.78
63 $48,441.78 $654.54 $0.00 $273.90 $49,370.22
64 $49,370.22 $654.54 $0.00 $279.15 $50,303.91
65 $50,303.91 $654.54 $0.00 $284.43 $51,242.88
66 $51,242.88 $654.54 $0.00 $289.73 $52,187.15
67 $52,187.15 $654.54 $0.00 $295.07 $53,136.76
68 $53,136.76 $654.54 $0.00 $300.44 $54,091.74
69 $54,091.74 $654.54 $0.00 $305.84 $55,052.12
70 $55,052.12 $654.54 $0.00 $311.27 $56,017.93
71 $56,017.93 $654.54 $0.00 $316.73 $56,989.20
72 $56,989.20 $654.54 $0.00 $322.23 $57,965.97
73 $57,965.97 $654.54 $0.00 $327.75 $58,948.26
74 $58,948.26 $654.54 $0.00 $333.30 $59,936.10
75 $59,936.10 $654.54 $0.00 $338.89 $60,929.53
76 $60,929.53 $654.54 $0.00 $344.50 $61,928.57
77 $61,928.57 $654.54 $0.00 $350.15 $62,933.26
78 $62,933.26 $654.54 $0.00 $355.83 $63,943.63
79 $63,943.63 $654.54 $0.00 $361.55 $64,959.72
80 $64,959.72 $654.54 $0.00 $367.29 $65,981.55
81 $65,981.55 $654.54 $0.00 $373.07 $67,009.16
82 $67,009.16 $654.54 $0.00 $378.88 $68,042.58
83 $68,042.58 $654.54 $0.00 $384.72 $69,081.84
84 $69,081.84 $654.54 $0.00 $390.60 $70,126.98
85 $70,126.98 $654.54 $0.00 $396.51 $71,178.03
86 $71,178.03 $654.54 $0.00 $402.45 $72,235.02
87 $72,235.02 $654.54 $0.00 $408.43 $73,297.99
88 $73,297.99 $654.54 $0.00 $414.44 $74,366.97
89 $74,366.97 $654.54 $0.00 $420.48 $75,441.99
90 $75,441.99 $654.54 $0.00 $426.56 $76,523.09
91 $76,523.09 $654.54 $0.00 $432.67 $77,610.30
92 $77,610.30 $654.54 $0.00 $438.82 $78,703.66
93 $78,703.66 $654.54 $0.00 $445.00 $79,803.20
94 $79,803.20 $654.54 $0.00 $451.22 $80,908.96
95 $80,908.96 $654.54 $0.00 $457.47 $82,020.97
96 $82,020.97 $654.54 $0.00 $463.76 $83,139.27
97 $83,139.27 $654.54 $0.00 $470.08 $84,263.89
98 $84,263.89 $654.54 $0.00 $476.44 $85,394.87
99 $85,394.87 $654.54 $0.00 $482.84 $86,532.25
100 $86,532.25 $654.54 $0.00 $489.27 $87,676.06
101 $87,676.06 $654.54 $0.00 $495.73 $88,826.33
102 $88,826.33 $654.54 $0.00 $502.24 $89,983.11
103 $89,983.11 $654.54 $0.00 $508.78 $91,146.43
104 $91,146.43 $654.54 $0.00 $515.36 $92,316.33
105 $92,316.33 $654.54 $0.00 $521.97 $93,492.84
106 $93,492.84 $654.54 $0.00 $528.62 $94,676.00
107 $94,676.00 $654.54 $0.00 $535.31 $95,865.85
108 $95,865.85 $654.54 $0.00 $542.04 $97,062.43
109 $97,062.43 $654.54 $0.00 $548.81 $98,265.78
110 $98,265.78 $654.54 $0.00 $555.61 $99,475.93
111 $99,475.93 $654.54 $0.00 $562.45 $100,692.92
112 $100,692.92 $654.54 $0.00 $569.33 $101,916.79
113 $101,916.79 $654.54 $0.00 $576.25 $103,147.58
114 $103,147.58 $654.54 $0.00 $583.21 $104,385.33
115 $104,385.33 $654.54 $0.00 $590.21 $105,630.08
116 $105,630.08 $654.54 $0.00 $597.25 $106,881.87
117 $106,881.87 $654.54 $0.00 $604.33 $108,140.74
118 $108,140.74 $654.54 $0.00 $611.44 $109,406.72
119 $109,406.72 $654.54 $0.00 $618.60 $110,679.86
120 $110,679.86 $654.54 $0.00 $625.80 $111,960.20
121 $111,960.20 $654.54 $0.00 $633.04 $113,247.78
122 $113,247.78 $654.54 $0.00 $640.32 $114,542.64
123 $114,542.64 $654.54 $0.00 $647.64 $115,844.82
124 $115,844.82 $654.54 $0.00 $655.00 $117,154.36
125 $117,154.36 $654.54 $0.00 $662.41 $118,471.31
126 $118,471.31 $654.54 $0.00 $669.85 $119,795.70
127 $119,795.70 $654.54 $0.00 $677.34 $121,127.58
128 $121,127.58 $654.54 $0.00 $684.87 $122,466.99
129 $122,466.99 $654.54 $0.00 $692.45 $123,813.98
130 $123,813.98 $654.54 $0.00 $700.06 $125,168.58
131 $125,168.58 $654.54 $0.00 $707.72 $126,530.84
132 $126,530.84 $654.54 $0.00 $715.42 $127,900.80
133 $127,900.80 $654.54 $0.00 $723.17 $129,278.51
134 $129,278.51 $654.54 $0.00 $730.96 $130,664.01
135 $130,664.01 $654.54 $0.00 $738.79 $132,057.34
136 $132,057.34 $654.54 $0.00 $746.67 $133,458.55
137 $133,458.55 $654.54 $0.00 $754.59 $134,867.68
138 $134,867.68 $654.54 $0.00 $762.56 $136,284.78
139 $136,284.78 $654.54 $0.00 $770.57 $137,709.89
140 $137,709.89 $654.54 $0.00 $778.63 $139,143.06
141 $139,143.06 $654.54 $0.00 $786.74 $140,584.34
142 $140,584.34 $654.54 $0.00 $794.88 $142,033.76
143 $142,033.76 $654.54 $0.00 $803.08 $143,491.38
144 $143,491.38 $654.54 $0.00 $811.32 $144,957.24
145 $144,957.24 $654.54 $0.00 $819.61 $146,431.39
146 $146,431.39 $654.54 $0.00 $827.94 $147,913.87
147 $147,913.87 $654.54 $0.00 $836.33 $149,404.74
148 $149,404.74 $654.54 $0.00 $844.76 $150,904.04
149 $150,904.04 $654.54 $0.00 $853.23 $152,411.81
150 $152,411.81 $654.54 $0.00 $861.76 $153,928.11
151 $153,928.11 $654.54 $0.00 $870.33 $155,452.98
152 $155,452.98 $654.54 $0.00 $878.95 $156,986.47
153 $156,986.47 $654.54 $0.00 $887.62 $158,528.63
154 $158,528.63 $654.54 $0.00 $896.34 $160,079.51
155 $160,079.51 $654.54 $0.00 $905.11 $161,639.16
156 $161,639.16 $654.54 $0.00 $913.93 $163,207.63
157 $163,207.63 $654.54 $0.00 $922.80 $164,784.97
158 $164,784.97 $654.54 $0.00 $931.72 $166,371.23
159 $166,371.23 $654.54 $0.00 $940.69 $167,966.46
160 $167,966.46 $654.54 $0.00 $949.71 $169,570.71
161 $169,570.71 $654.54 $0.00 $958.78 $171,184.03
162 $171,184.03 $654.54 $0.00 $967.90 $172,806.47
163 $172,806.47 $654.54 $0.00 $977.07 $174,438.08
164 $174,438.08 $654.54 $0.00 $986.30 $176,078.92
165 $176,078.92 $654.54 $0.00 $995.58 $177,729.04
166 $177,729.04 $654.54 $0.00 $1,004.91 $179,388.49
167 $179,388.49 $654.54 $0.00 $1,014.29 $181,057.32
168 $181,057.32 $654.54 $0.00 $1,023.72 $182,735.58
169 $182,735.58 $654.54 $0.00 $1,033.21 $184,423.33
170 $184,423.33 $654.54 $0.00 $1,042.76 $186,120.63
171 $186,120.63 $654.54 $0.00 $1,052.35 $187,827.52
172 $187,827.52 $654.54 $0.00 $1,062.00 $189,544.06
173 $189,544.06 $654.54 $0.00 $1,071.71 $191,270.31
174 $191,270.31 $654.54 $0.00 $1,081.47 $193,006.32
175 $193,006.32 $654.54 $0.00 $1,091.29 $194,752.15
176 $194,752.15 $654.54 $0.00 $1,101.16 $196,507.85
177 $196,507.85 $654.54 $0.00 $1,111.08 $198,273.47
178 $198,273.47 $654.54 $0.00 $1,121.07 $200,049.08
179 $200,049.08 $654.54 $0.00 $1,131.11 $201,834.73
180 $201,834.73 $654.54 $0.00 $1,141.20 $203,630.47
181 $203,630.47 $654.54 $0.00 $1,151.36 $205,436.37
182 $205,436.37 $654.54 $0.00 $1,161.57 $207,252.48
183 $207,252.48 $654.54 $0.00 $1,171.84 $209,078.86
184 $209,078.86 $654.54 $0.00 $1,182.16 $210,915.56
185 $210,915.56 $654.54 $0.00 $1,192.55 $212,762.65
186 $212,762.65 $654.54 $0.00 $1,202.99 $214,620.18
187 $214,620.18 $654.54 $0.00 $1,213.49 $216,488.21
188 $216,488.21 $654.54 $0.00 $1,224.06 $218,366.81
189 $218,366.81 $654.54 $0.00 $1,234.68 $220,256.03
190 $220,256.03 $654.54 $0.00 $1,245.36 $222,155.93
191 $222,155.93 $654.54 $0.00 $1,256.10 $224,066.57
192 $224,066.57 $654.54 $0.00 $1,266.90 $225,988.01
193 $225,988.01 $654.54 $0.00 $1,277.77 $227,920.32
194 $227,920.32 $654.54 $0.00 $1,288.69 $229,863.55
195 $229,863.55 $654.54 $0.00 $1,299.68 $231,817.77
196 $231,817.77 $654.54 $0.00 $1,310.73 $233,783.04
197 $233,783.04 $654.54 $0.00 $1,321.84 $235,759.42
198 $235,759.42 $654.54 $0.00 $1,333.02 $237,746.98
199 $237,746.98 $654.54 $0.00 $1,344.26 $239,745.78
200 $239,745.78 $654.54 $0.00 $1,355.56 $241,755.88
201 $241,755.88 $654.54 $0.00 $1,366.92 $243,777.34
202 $243,777.34 $654.54 $0.00 $1,378.35 $245,810.23
203 $245,810.23 $654.54 $0.00 $1,389.85 $247,854.62
204 $247,854.62 $654.54 $0.00 $1,401.41 $249,910.57
205 $249,910.57 $654.54 $0.00 $1,413.03 $251,978.14
206 $251,978.14 $654.54 $0.00 $1,424.72 $254,057.40
207 $254,057.40 $654.54 $0.00 $1,436.48 $256,148.42
208 $256,148.42 $654.54 $0.00 $1,448.30 $258,251.26
209 $258,251.26 $654.54 $0.00 $1,460.19 $260,365.99
210 $260,365.99 $654.54 $0.00 $1,472.15 $262,492.68
211 $262,492.68 $654.54 $0.00 $1,484.17 $264,631.39
212 $264,631.39 $654.54 $0.00 $1,496.26 $266,782.19
213 $266,782.19 $654.54 $0.00 $1,508.43 $268,945.16
214 $268,945.16 $654.54 $0.00 $1,520.66 $271,120.36
215 $271,120.36 $654.54 $0.00 $1,532.95 $273,307.85
216 $273,307.85 $654.54 $0.00 $1,545.32 $275,507.71
217 $275,507.71 $654.54 $76,737.46 $1,557.76 $200,982.55
218 $200,982.55 $654.54 $0.00 $1,136.38 $202,773.47
219 $202,773.47 $654.54 $0.00 $1,146.51 $204,574.52
220 $204,574.52 $654.54 $0.00 $1,156.69 $206,385.75
221 $206,385.75 $654.54 $0.00 $1,166.94 $208,207.23
222 $208,207.23 $654.54 $0.00 $1,177.23 $210,039.00
223 $210,039.00 $654.54 $0.00 $1,187.59 $211,881.13
224 $211,881.13 $654.54 $0.00 $1,198.01 $213,733.68
225 $213,733.68 $654.54 $0.00 $1,208.48 $215,596.70
226 $215,596.70 $654.54 $0.00 $1,219.02 $217,470.26
227 $217,470.26 $654.54 $0.00 $1,229.61 $219,354.41
228 $219,354.41 $654.54 $0.00 $1,240.26 $221,249.21
229 $221,249.21 $654.54 $80,574.33 $1,250.98 $142,580.40
230 $142,580.40 $654.54 $0.00 $806.17 $144,041.11
231 $144,041.11 $654.54 $0.00 $814.43 $145,510.08
232 $145,510.08 $654.54 $0.00 $822.74 $146,987.36
233 $146,987.36 $654.54 $0.00 $831.09 $148,472.99
234 $148,472.99 $654.54 $0.00 $839.49 $149,967.02
235 $149,967.02 $654.54 $0.00 $847.94 $151,469.50
236 $151,469.50 $654.54 $0.00 $856.43 $152,980.47
237 $152,980.47 $654.54 $0.00 $864.97 $154,499.98
238 $154,499.98 $654.54 $0.00 $873.57 $156,028.09
239 $156,028.09 $654.54 $0.00 $882.21 $157,564.84
240 $157,564.84 $654.54 $0.00 $890.89 $159,110.27
241 $159,110.27 $654.54 $84,603.05 $899.63 $76,061.39
242 $76,061.39 $654.54 $0.00 $430.06 $77,145.99
243 $77,145.99 $654.54 $0.00 $436.19 $78,236.72
244 $78,236.72 $654.54 $0.00 $442.36 $79,333.62
245 $79,333.62 $654.54 $0.00 $448.56 $80,436.72
246 $80,436.72 $654.54 $0.00 $454.80 $81,546.06
247 $81,546.06 $654.54 $0.00 $461.07 $82,661.67
248 $82,661.67 $654.54 $0.00 $467.38 $83,783.59
249 $83,783.59 $654.54 $0.00 $473.72 $84,911.85
250 $84,911.85 $654.54 $0.00 $480.10 $86,046.49
251 $86,046.49 $654.54 $0.00 $486.52 $87,187.55
252 $87,187.55 $654.54 $0.00 $492.97 $88,335.06
253 $88,335.06 $0.00 $88,833.20 $499.46 $1.32