Savings Plan and Future Cost Estimation for Elmira College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$130,965
Monthly savings required$1,037

How much will it cost to send your child to Elmira College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $523,859.02 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,036.70 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$50,503.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,036.70 $0.00 $0.00 $1,036.70
2 $1,036.70 $1,036.70 $0.00 $5.86 $2,079.26
3 $2,079.26 $1,036.70 $0.00 $11.76 $3,127.72
4 $3,127.72 $1,036.70 $0.00 $17.68 $4,182.10
5 $4,182.10 $1,036.70 $0.00 $23.65 $5,242.45
6 $5,242.45 $1,036.70 $0.00 $29.64 $6,308.79
7 $6,308.79 $1,036.70 $0.00 $35.67 $7,381.16
8 $7,381.16 $1,036.70 $0.00 $41.73 $8,459.59
9 $8,459.59 $1,036.70 $0.00 $47.83 $9,544.12
10 $9,544.12 $1,036.70 $0.00 $53.96 $10,634.78
11 $10,634.78 $1,036.70 $0.00 $60.13 $11,731.61
12 $11,731.61 $1,036.70 $0.00 $66.33 $12,834.64
13 $12,834.64 $1,036.70 $0.00 $72.57 $13,943.91
14 $13,943.91 $1,036.70 $0.00 $78.84 $15,059.45
15 $15,059.45 $1,036.70 $0.00 $85.15 $16,181.30
16 $16,181.30 $1,036.70 $0.00 $91.49 $17,309.49
17 $17,309.49 $1,036.70 $0.00 $97.87 $18,444.06
18 $18,444.06 $1,036.70 $0.00 $104.29 $19,585.05
19 $19,585.05 $1,036.70 $0.00 $110.74 $20,732.49
20 $20,732.49 $1,036.70 $0.00 $117.22 $21,886.41
21 $21,886.41 $1,036.70 $0.00 $123.75 $23,046.86
22 $23,046.86 $1,036.70 $0.00 $130.31 $24,213.87
23 $24,213.87 $1,036.70 $0.00 $136.91 $25,387.48
24 $25,387.48 $1,036.70 $0.00 $143.54 $26,567.72
25 $26,567.72 $1,036.70 $0.00 $150.22 $27,754.64
26 $27,754.64 $1,036.70 $0.00 $156.93 $28,948.27
27 $28,948.27 $1,036.70 $0.00 $163.68 $30,148.65
28 $30,148.65 $1,036.70 $0.00 $170.46 $31,355.81
29 $31,355.81 $1,036.70 $0.00 $177.29 $32,569.80
30 $32,569.80 $1,036.70 $0.00 $184.15 $33,790.65
31 $33,790.65 $1,036.70 $0.00 $191.06 $35,018.41
32 $35,018.41 $1,036.70 $0.00 $198.00 $36,253.11
33 $36,253.11 $1,036.70 $0.00 $204.98 $37,494.79
34 $37,494.79 $1,036.70 $0.00 $212.00 $38,743.49
35 $38,743.49 $1,036.70 $0.00 $219.06 $39,999.25
36 $39,999.25 $1,036.70 $0.00 $226.16 $41,262.11
37 $41,262.11 $1,036.70 $0.00 $233.30 $42,532.11
38 $42,532.11 $1,036.70 $0.00 $240.48 $43,809.29
39 $43,809.29 $1,036.70 $0.00 $247.70 $45,093.69
40 $45,093.69 $1,036.70 $0.00 $254.97 $46,385.36
41 $46,385.36 $1,036.70 $0.00 $262.27 $47,684.33
42 $47,684.33 $1,036.70 $0.00 $269.61 $48,990.64
43 $48,990.64 $1,036.70 $0.00 $277.00 $50,304.34
44 $50,304.34 $1,036.70 $0.00 $284.43 $51,625.47
45 $51,625.47 $1,036.70 $0.00 $291.90 $52,954.07
46 $52,954.07 $1,036.70 $0.00 $299.41 $54,290.18
47 $54,290.18 $1,036.70 $0.00 $306.96 $55,633.84
48 $55,633.84 $1,036.70 $0.00 $314.56 $56,985.10
49 $56,985.10 $1,036.70 $0.00 $322.20 $58,344.00
50 $58,344.00 $1,036.70 $0.00 $329.89 $59,710.59
51 $59,710.59 $1,036.70 $0.00 $337.61 $61,084.90
52 $61,084.90 $1,036.70 $0.00 $345.38 $62,466.98
53 $62,466.98 $1,036.70 $0.00 $353.20 $63,856.88
54 $63,856.88 $1,036.70 $0.00 $361.06 $65,254.64
55 $65,254.64 $1,036.70 $0.00 $368.96 $66,660.30
56 $66,660.30 $1,036.70 $0.00 $376.91 $68,073.91
57 $68,073.91 $1,036.70 $0.00 $384.90 $69,495.51
58 $69,495.51 $1,036.70 $0.00 $392.94 $70,925.15
59 $70,925.15 $1,036.70 $0.00 $401.02 $72,362.87
60 $72,362.87 $1,036.70 $0.00 $409.15 $73,808.72
61 $73,808.72 $1,036.70 $0.00 $417.33 $75,262.75
62 $75,262.75 $1,036.70 $0.00 $425.55 $76,725.00
63 $76,725.00 $1,036.70 $0.00 $433.81 $78,195.51
64 $78,195.51 $1,036.70 $0.00 $442.13 $79,674.34
65 $79,674.34 $1,036.70 $0.00 $450.49 $81,161.53
66 $81,161.53 $1,036.70 $0.00 $458.90 $82,657.13
67 $82,657.13 $1,036.70 $0.00 $467.36 $84,161.19
68 $84,161.19 $1,036.70 $0.00 $475.86 $85,673.75
69 $85,673.75 $1,036.70 $0.00 $484.41 $87,194.86
70 $87,194.86 $1,036.70 $0.00 $493.01 $88,724.57
71 $88,724.57 $1,036.70 $0.00 $501.66 $90,262.93
72 $90,262.93 $1,036.70 $0.00 $510.36 $91,809.99
73 $91,809.99 $1,036.70 $0.00 $519.11 $93,365.80
74 $93,365.80 $1,036.70 $0.00 $527.90 $94,930.40
75 $94,930.40 $1,036.70 $0.00 $536.75 $96,503.85
76 $96,503.85 $1,036.70 $0.00 $545.65 $98,086.20
77 $98,086.20 $1,036.70 $0.00 $554.59 $99,677.49
78 $99,677.49 $1,036.70 $0.00 $563.59 $101,277.78
79 $101,277.78 $1,036.70 $0.00 $572.64 $102,887.12
80 $102,887.12 $1,036.70 $0.00 $581.74 $104,505.56
81 $104,505.56 $1,036.70 $0.00 $590.89 $106,133.15
82 $106,133.15 $1,036.70 $0.00 $600.09 $107,769.94
83 $107,769.94 $1,036.70 $0.00 $609.35 $109,415.99
84 $109,415.99 $1,036.70 $0.00 $618.65 $111,071.34
85 $111,071.34 $1,036.70 $0.00 $628.01 $112,736.05
86 $112,736.05 $1,036.70 $0.00 $637.43 $114,410.18
87 $114,410.18 $1,036.70 $0.00 $646.89 $116,093.77
88 $116,093.77 $1,036.70 $0.00 $656.41 $117,786.88
89 $117,786.88 $1,036.70 $0.00 $665.98 $119,489.56
90 $119,489.56 $1,036.70 $0.00 $675.61 $121,201.87
91 $121,201.87 $1,036.70 $0.00 $685.29 $122,923.86
92 $122,923.86 $1,036.70 $0.00 $695.03 $124,655.59
93 $124,655.59 $1,036.70 $0.00 $704.82 $126,397.11
94 $126,397.11 $1,036.70 $0.00 $714.67 $128,148.48
95 $128,148.48 $1,036.70 $0.00 $724.57 $129,909.75
96 $129,909.75 $1,036.70 $0.00 $734.53 $131,680.98
97 $131,680.98 $1,036.70 $0.00 $744.54 $133,462.22
98 $133,462.22 $1,036.70 $0.00 $754.61 $135,253.53
99 $135,253.53 $1,036.70 $0.00 $764.74 $137,054.97
100 $137,054.97 $1,036.70 $0.00 $774.93 $138,866.60
101 $138,866.60 $1,036.70 $0.00 $785.17 $140,688.47
102 $140,688.47 $1,036.70 $0.00 $795.47 $142,520.64
103 $142,520.64 $1,036.70 $0.00 $805.83 $144,363.17
104 $144,363.17 $1,036.70 $0.00 $816.25 $146,216.12
105 $146,216.12 $1,036.70 $0.00 $826.73 $148,079.55
106 $148,079.55 $1,036.70 $0.00 $837.26 $149,953.51
107 $149,953.51 $1,036.70 $0.00 $847.86 $151,838.07
108 $151,838.07 $1,036.70 $0.00 $858.51 $153,733.28
109 $153,733.28 $1,036.70 $0.00 $869.23 $155,639.21
110 $155,639.21 $1,036.70 $0.00 $880.01 $157,555.92
111 $157,555.92 $1,036.70 $0.00 $890.84 $159,483.46
112 $159,483.46 $1,036.70 $0.00 $901.74 $161,421.90
113 $161,421.90 $1,036.70 $0.00 $912.70 $163,371.30
114 $163,371.30 $1,036.70 $0.00 $923.73 $165,331.73
115 $165,331.73 $1,036.70 $0.00 $934.81 $167,303.24
116 $167,303.24 $1,036.70 $0.00 $945.96 $169,285.90
117 $169,285.90 $1,036.70 $0.00 $957.17 $171,279.77
118 $171,279.77 $1,036.70 $0.00 $968.44 $173,284.91
119 $173,284.91 $1,036.70 $0.00 $979.78 $175,301.39
120 $175,301.39 $1,036.70 $0.00 $991.18 $177,329.27
121 $177,329.27 $1,036.70 $0.00 $1,002.65 $179,368.62
122 $179,368.62 $1,036.70 $0.00 $1,014.18 $181,419.50
123 $181,419.50 $1,036.70 $0.00 $1,025.77 $183,481.97
124 $183,481.97 $1,036.70 $0.00 $1,037.43 $185,556.10
125 $185,556.10 $1,036.70 $0.00 $1,049.16 $187,641.96
126 $187,641.96 $1,036.70 $0.00 $1,060.95 $189,739.61
127 $189,739.61 $1,036.70 $0.00 $1,072.82 $191,849.13
128 $191,849.13 $1,036.70 $0.00 $1,084.74 $193,970.57
129 $193,970.57 $1,036.70 $0.00 $1,096.74 $196,104.01
130 $196,104.01 $1,036.70 $0.00 $1,108.80 $198,249.51
131 $198,249.51 $1,036.70 $0.00 $1,120.93 $200,407.14
132 $200,407.14 $1,036.70 $0.00 $1,133.13 $202,576.97
133 $202,576.97 $1,036.70 $0.00 $1,145.40 $204,759.07
134 $204,759.07 $1,036.70 $0.00 $1,157.74 $206,953.51
135 $206,953.51 $1,036.70 $0.00 $1,170.15 $209,160.36
136 $209,160.36 $1,036.70 $0.00 $1,182.62 $211,379.68
137 $211,379.68 $1,036.70 $0.00 $1,195.17 $213,611.55
138 $213,611.55 $1,036.70 $0.00 $1,207.79 $215,856.04
139 $215,856.04 $1,036.70 $0.00 $1,220.48 $218,113.22
140 $218,113.22 $1,036.70 $0.00 $1,233.24 $220,383.16
141 $220,383.16 $1,036.70 $0.00 $1,246.08 $222,665.94
142 $222,665.94 $1,036.70 $0.00 $1,258.99 $224,961.63
143 $224,961.63 $1,036.70 $0.00 $1,271.97 $227,270.30
144 $227,270.30 $1,036.70 $0.00 $1,285.02 $229,592.02
145 $229,592.02 $1,036.70 $0.00 $1,298.15 $231,926.87
146 $231,926.87 $1,036.70 $0.00 $1,311.35 $234,274.92
147 $234,274.92 $1,036.70 $0.00 $1,324.62 $236,636.24
148 $236,636.24 $1,036.70 $0.00 $1,337.98 $239,010.92
149 $239,010.92 $1,036.70 $0.00 $1,351.40 $241,399.02
150 $241,399.02 $1,036.70 $0.00 $1,364.91 $243,800.63
151 $243,800.63 $1,036.70 $0.00 $1,378.48 $246,215.81
152 $246,215.81 $1,036.70 $0.00 $1,392.14 $248,644.65
153 $248,644.65 $1,036.70 $0.00 $1,405.87 $251,087.22
154 $251,087.22 $1,036.70 $0.00 $1,419.68 $253,543.60
155 $253,543.60 $1,036.70 $0.00 $1,433.57 $256,013.87
156 $256,013.87 $1,036.70 $0.00 $1,447.54 $258,498.11
157 $258,498.11 $1,036.70 $0.00 $1,461.59 $260,996.40
158 $260,996.40 $1,036.70 $0.00 $1,475.71 $263,508.81
159 $263,508.81 $1,036.70 $0.00 $1,489.92 $266,035.43
160 $266,035.43 $1,036.70 $0.00 $1,504.20 $268,576.33
161 $268,576.33 $1,036.70 $0.00 $1,518.57 $271,131.60
162 $271,131.60 $1,036.70 $0.00 $1,533.02 $273,701.32
163 $273,701.32 $1,036.70 $0.00 $1,547.55 $276,285.57
164 $276,285.57 $1,036.70 $0.00 $1,562.16 $278,884.43
165 $278,884.43 $1,036.70 $0.00 $1,576.85 $281,497.98
166 $281,497.98 $1,036.70 $0.00 $1,591.63 $284,126.31
167 $284,126.31 $1,036.70 $0.00 $1,606.49 $286,769.50
168 $286,769.50 $1,036.70 $0.00 $1,621.44 $289,427.64
169 $289,427.64 $1,036.70 $0.00 $1,636.47 $292,100.81
170 $292,100.81 $1,036.70 $0.00 $1,651.58 $294,789.09
171 $294,789.09 $1,036.70 $0.00 $1,666.78 $297,492.57
172 $297,492.57 $1,036.70 $0.00 $1,682.07 $300,211.34
173 $300,211.34 $1,036.70 $0.00 $1,697.44 $302,945.48
174 $302,945.48 $1,036.70 $0.00 $1,712.90 $305,695.08
175 $305,695.08 $1,036.70 $0.00 $1,728.44 $308,460.22
176 $308,460.22 $1,036.70 $0.00 $1,744.08 $311,241.00
177 $311,241.00 $1,036.70 $0.00 $1,759.80 $314,037.50
178 $314,037.50 $1,036.70 $0.00 $1,775.61 $316,849.81
179 $316,849.81 $1,036.70 $0.00 $1,791.51 $319,678.02
180 $319,678.02 $1,036.70 $0.00 $1,807.51 $322,522.23
181 $322,522.23 $1,036.70 $0.00 $1,823.59 $325,382.52
182 $325,382.52 $1,036.70 $0.00 $1,839.76 $328,258.98
183 $328,258.98 $1,036.70 $0.00 $1,856.02 $331,151.70
184 $331,151.70 $1,036.70 $0.00 $1,872.38 $334,060.78
185 $334,060.78 $1,036.70 $0.00 $1,888.83 $336,986.31
186 $336,986.31 $1,036.70 $0.00 $1,905.37 $339,928.38
187 $339,928.38 $1,036.70 $0.00 $1,922.00 $342,887.08
188 $342,887.08 $1,036.70 $0.00 $1,938.73 $345,862.51
189 $345,862.51 $1,036.70 $0.00 $1,955.56 $348,854.77
190 $348,854.77 $1,036.70 $0.00 $1,972.48 $351,863.95
191 $351,863.95 $1,036.70 $0.00 $1,989.49 $354,890.14
192 $354,890.14 $1,036.70 $0.00 $2,006.60 $357,933.44
193 $357,933.44 $1,036.70 $0.00 $2,023.81 $360,993.95
194 $360,993.95 $1,036.70 $0.00 $2,041.11 $364,071.76
195 $364,071.76 $1,036.70 $0.00 $2,058.51 $367,166.97
196 $367,166.97 $1,036.70 $0.00 $2,076.02 $370,279.69
197 $370,279.69 $1,036.70 $0.00 $2,093.62 $373,410.01
198 $373,410.01 $1,036.70 $0.00 $2,111.31 $376,558.02
199 $376,558.02 $1,036.70 $0.00 $2,129.11 $379,723.83
200 $379,723.83 $1,036.70 $0.00 $2,147.01 $382,907.54
201 $382,907.54 $1,036.70 $0.00 $2,165.01 $386,109.25
202 $386,109.25 $1,036.70 $0.00 $2,183.12 $389,329.07
203 $389,329.07 $1,036.70 $0.00 $2,201.32 $392,567.09
204 $392,567.09 $1,036.70 $0.00 $2,219.63 $395,823.42
205 $395,823.42 $1,036.70 $0.00 $2,238.04 $399,098.16
206 $399,098.16 $1,036.70 $0.00 $2,256.56 $402,391.42
207 $402,391.42 $1,036.70 $0.00 $2,275.18 $405,703.30
208 $405,703.30 $1,036.70 $0.00 $2,293.91 $409,033.91
209 $409,033.91 $1,036.70 $0.00 $2,312.74 $412,383.35
210 $412,383.35 $1,036.70 $0.00 $2,331.68 $415,751.73
211 $415,751.73 $1,036.70 $0.00 $2,350.72 $419,139.15
212 $419,139.15 $1,036.70 $0.00 $2,369.87 $422,545.72
213 $422,545.72 $1,036.70 $0.00 $2,389.13 $425,971.55
214 $425,971.55 $1,036.70 $0.00 $2,408.51 $429,416.76
215 $429,416.76 $1,036.70 $0.00 $2,427.98 $432,881.44
216 $432,881.44 $1,036.70 $0.00 $2,447.57 $436,365.71
217 $436,365.71 $1,036.70 $121,541.49 $2,467.28 $318,328.20
218 $318,328.20 $1,036.70 $0.00 $1,799.87 $321,164.77
219 $321,164.77 $1,036.70 $0.00 $1,815.91 $324,017.38
220 $324,017.38 $1,036.70 $0.00 $1,832.04 $326,886.12
221 $326,886.12 $1,036.70 $0.00 $1,848.26 $329,771.08
222 $329,771.08 $1,036.70 $0.00 $1,864.57 $332,672.35
223 $332,672.35 $1,036.70 $0.00 $1,880.98 $335,590.03
224 $335,590.03 $1,036.70 $0.00 $1,897.47 $338,524.20
225 $338,524.20 $1,036.70 $0.00 $1,914.07 $341,474.97
226 $341,474.97 $1,036.70 $0.00 $1,930.75 $344,442.42
227 $344,442.42 $1,036.70 $0.00 $1,947.53 $347,426.65
228 $347,426.65 $1,036.70 $0.00 $1,964.40 $350,427.75
229 $350,427.75 $1,036.70 $127,618.57 $1,981.37 $225,827.25
230 $225,827.25 $1,036.70 $0.00 $1,276.86 $228,140.81
231 $228,140.81 $1,036.70 $0.00 $1,289.94 $230,467.45
232 $230,467.45 $1,036.70 $0.00 $1,303.10 $232,807.25
233 $232,807.25 $1,036.70 $0.00 $1,316.33 $235,160.28
234 $235,160.28 $1,036.70 $0.00 $1,329.63 $237,526.61
235 $237,526.61 $1,036.70 $0.00 $1,343.01 $239,906.32
236 $239,906.32 $1,036.70 $0.00 $1,356.47 $242,299.49
237 $242,299.49 $1,036.70 $0.00 $1,370.00 $244,706.19
238 $244,706.19 $1,036.70 $0.00 $1,383.60 $247,126.49
239 $247,126.49 $1,036.70 $0.00 $1,397.29 $249,560.48
240 $249,560.48 $1,036.70 $0.00 $1,411.05 $252,008.23
241 $252,008.23 $1,036.70 $133,999.49 $1,424.89 $120,470.33
242 $120,470.33 $1,036.70 $0.00 $681.16 $122,188.19
243 $122,188.19 $1,036.70 $0.00 $690.87 $123,915.76
244 $123,915.76 $1,036.70 $0.00 $700.64 $125,653.10
245 $125,653.10 $1,036.70 $0.00 $710.46 $127,400.26
246 $127,400.26 $1,036.70 $0.00 $720.34 $129,157.30
247 $129,157.30 $1,036.70 $0.00 $730.27 $130,924.27
248 $130,924.27 $1,036.70 $0.00 $740.26 $132,701.23
249 $132,701.23 $1,036.70 $0.00 $750.31 $134,488.24
250 $134,488.24 $1,036.70 $0.00 $760.42 $136,285.36
251 $136,285.36 $1,036.70 $0.00 $770.58 $138,092.64
252 $138,092.64 $1,036.70 $0.00 $780.80 $139,910.14
253 $139,910.14 $0.00 $140,699.47 $791.07 $1.74