Savings Plan and Future Cost Estimation for Medaille College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$128,540
Monthly savings required$1,018

How much will it cost to send your child to Medaille College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $514,160.42 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,017.50 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$49,568.00
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 $1,017.50 $0.00 $0.00 $1,017.50
2 $1,017.50 $1,017.50 $0.00 $5.75 $2,040.75
3 $2,040.75 $1,017.50 $0.00 $11.54 $3,069.79
4 $3,069.79 $1,017.50 $0.00 $17.36 $4,104.65
5 $4,104.65 $1,017.50 $0.00 $23.21 $5,145.36
6 $5,145.36 $1,017.50 $0.00 $29.09 $6,191.95
7 $6,191.95 $1,017.50 $0.00 $35.01 $7,244.46
8 $7,244.46 $1,017.50 $0.00 $40.96 $8,302.92
9 $8,302.92 $1,017.50 $0.00 $46.95 $9,367.37
10 $9,367.37 $1,017.50 $0.00 $52.96 $10,437.83
11 $10,437.83 $1,017.50 $0.00 $59.02 $11,514.35
12 $11,514.35 $1,017.50 $0.00 $65.10 $12,596.95
13 $12,596.95 $1,017.50 $0.00 $71.22 $13,685.67
14 $13,685.67 $1,017.50 $0.00 $77.38 $14,780.55
15 $14,780.55 $1,017.50 $0.00 $83.57 $15,881.62
16 $15,881.62 $1,017.50 $0.00 $89.80 $16,988.92
17 $16,988.92 $1,017.50 $0.00 $96.06 $18,102.48
18 $18,102.48 $1,017.50 $0.00 $102.35 $19,222.33
19 $19,222.33 $1,017.50 $0.00 $108.69 $20,348.52
20 $20,348.52 $1,017.50 $0.00 $115.05 $21,481.07
21 $21,481.07 $1,017.50 $0.00 $121.46 $22,620.03
22 $22,620.03 $1,017.50 $0.00 $127.90 $23,765.43
23 $23,765.43 $1,017.50 $0.00 $134.37 $24,917.30
24 $24,917.30 $1,017.50 $0.00 $140.89 $26,075.69
25 $26,075.69 $1,017.50 $0.00 $147.44 $27,240.63
26 $27,240.63 $1,017.50 $0.00 $154.02 $28,412.15
27 $28,412.15 $1,017.50 $0.00 $160.65 $29,590.30
28 $29,590.30 $1,017.50 $0.00 $167.31 $30,775.11
29 $30,775.11 $1,017.50 $0.00 $174.01 $31,966.62
30 $31,966.62 $1,017.50 $0.00 $180.74 $33,164.86
31 $33,164.86 $1,017.50 $0.00 $187.52 $34,369.88
32 $34,369.88 $1,017.50 $0.00 $194.33 $35,581.71
33 $35,581.71 $1,017.50 $0.00 $201.18 $36,800.39
34 $36,800.39 $1,017.50 $0.00 $208.07 $38,025.96
35 $38,025.96 $1,017.50 $0.00 $215.00 $39,258.46
36 $39,258.46 $1,017.50 $0.00 $221.97 $40,497.93
37 $40,497.93 $1,017.50 $0.00 $228.98 $41,744.41
38 $41,744.41 $1,017.50 $0.00 $236.03 $42,997.94
39 $42,997.94 $1,017.50 $0.00 $243.12 $44,258.56
40 $44,258.56 $1,017.50 $0.00 $250.24 $45,526.30
41 $45,526.30 $1,017.50 $0.00 $257.41 $46,801.21
42 $46,801.21 $1,017.50 $0.00 $264.62 $48,083.33
43 $48,083.33 $1,017.50 $0.00 $271.87 $49,372.70
44 $49,372.70 $1,017.50 $0.00 $279.16 $50,669.36
45 $50,669.36 $1,017.50 $0.00 $286.49 $51,973.35
46 $51,973.35 $1,017.50 $0.00 $293.86 $53,284.71
47 $53,284.71 $1,017.50 $0.00 $301.28 $54,603.49
48 $54,603.49 $1,017.50 $0.00 $308.74 $55,929.73
49 $55,929.73 $1,017.50 $0.00 $316.23 $57,263.46
50 $57,263.46 $1,017.50 $0.00 $323.78 $58,604.74
51 $58,604.74 $1,017.50 $0.00 $331.36 $59,953.60
52 $59,953.60 $1,017.50 $0.00 $338.99 $61,310.09
53 $61,310.09 $1,017.50 $0.00 $346.66 $62,674.25
54 $62,674.25 $1,017.50 $0.00 $354.37 $64,046.12
55 $64,046.12 $1,017.50 $0.00 $362.13 $65,425.75
56 $65,425.75 $1,017.50 $0.00 $369.93 $66,813.18
57 $66,813.18 $1,017.50 $0.00 $377.77 $68,208.45
58 $68,208.45 $1,017.50 $0.00 $385.66 $69,611.61
59 $69,611.61 $1,017.50 $0.00 $393.59 $71,022.70
60 $71,022.70 $1,017.50 $0.00 $401.57 $72,441.77
61 $72,441.77 $1,017.50 $0.00 $409.60 $73,868.87
62 $73,868.87 $1,017.50 $0.00 $417.67 $75,304.04
63 $75,304.04 $1,017.50 $0.00 $425.78 $76,747.32
64 $76,747.32 $1,017.50 $0.00 $433.94 $78,198.76
65 $78,198.76 $1,017.50 $0.00 $442.15 $79,658.41
66 $79,658.41 $1,017.50 $0.00 $450.40 $81,126.31
67 $81,126.31 $1,017.50 $0.00 $458.70 $82,602.51
68 $82,602.51 $1,017.50 $0.00 $467.05 $84,087.06
69 $84,087.06 $1,017.50 $0.00 $475.44 $85,580.00
70 $85,580.00 $1,017.50 $0.00 $483.88 $87,081.38
71 $87,081.38 $1,017.50 $0.00 $492.37 $88,591.25
72 $88,591.25 $1,017.50 $0.00 $500.91 $90,109.66
73 $90,109.66 $1,017.50 $0.00 $509.49 $91,636.65
74 $91,636.65 $1,017.50 $0.00 $518.13 $93,172.28
75 $93,172.28 $1,017.50 $0.00 $526.81 $94,716.59
76 $94,716.59 $1,017.50 $0.00 $535.54 $96,269.63
77 $96,269.63 $1,017.50 $0.00 $544.32 $97,831.45
78 $97,831.45 $1,017.50 $0.00 $553.15 $99,402.10
79 $99,402.10 $1,017.50 $0.00 $562.03 $100,981.63
80 $100,981.63 $1,017.50 $0.00 $570.96 $102,570.09
81 $102,570.09 $1,017.50 $0.00 $579.95 $104,167.54
82 $104,167.54 $1,017.50 $0.00 $588.98 $105,774.02
83 $105,774.02 $1,017.50 $0.00 $598.06 $107,389.58
84 $107,389.58 $1,017.50 $0.00 $607.20 $109,014.28
85 $109,014.28 $1,017.50 $0.00 $616.38 $110,648.16
86 $110,648.16 $1,017.50 $0.00 $625.62 $112,291.28
87 $112,291.28 $1,017.50 $0.00 $634.91 $113,943.69
88 $113,943.69 $1,017.50 $0.00 $644.25 $115,605.44
89 $115,605.44 $1,017.50 $0.00 $653.65 $117,276.59
90 $117,276.59 $1,017.50 $0.00 $663.10 $118,957.19
91 $118,957.19 $1,017.50 $0.00 $672.60 $120,647.29
92 $120,647.29 $1,017.50 $0.00 $682.16 $122,346.95
93 $122,346.95 $1,017.50 $0.00 $691.77 $124,056.22
94 $124,056.22 $1,017.50 $0.00 $701.43 $125,775.15
95 $125,775.15 $1,017.50 $0.00 $711.15 $127,503.80
96 $127,503.80 $1,017.50 $0.00 $720.93 $129,242.23
97 $129,242.23 $1,017.50 $0.00 $730.75 $130,990.48
98 $130,990.48 $1,017.50 $0.00 $740.64 $132,748.62
99 $132,748.62 $1,017.50 $0.00 $750.58 $134,516.70
100 $134,516.70 $1,017.50 $0.00 $760.58 $136,294.78
101 $136,294.78 $1,017.50 $0.00 $770.63 $138,082.91
102 $138,082.91 $1,017.50 $0.00 $780.74 $139,881.15
103 $139,881.15 $1,017.50 $0.00 $790.91 $141,689.56
104 $141,689.56 $1,017.50 $0.00 $801.13 $143,508.19
105 $143,508.19 $1,017.50 $0.00 $811.42 $145,337.11
106 $145,337.11 $1,017.50 $0.00 $821.76 $147,176.37
107 $147,176.37 $1,017.50 $0.00 $832.16 $149,026.03
108 $149,026.03 $1,017.50 $0.00 $842.61 $150,886.14
109 $150,886.14 $1,017.50 $0.00 $853.13 $152,756.77
110 $152,756.77 $1,017.50 $0.00 $863.71 $154,637.98
111 $154,637.98 $1,017.50 $0.00 $874.35 $156,529.83
112 $156,529.83 $1,017.50 $0.00 $885.04 $158,432.37
113 $158,432.37 $1,017.50 $0.00 $895.80 $160,345.67
114 $160,345.67 $1,017.50 $0.00 $906.62 $162,269.79
115 $162,269.79 $1,017.50 $0.00 $917.50 $164,204.79
116 $164,204.79 $1,017.50 $0.00 $928.44 $166,150.73
117 $166,150.73 $1,017.50 $0.00 $939.44 $168,107.67
118 $168,107.67 $1,017.50 $0.00 $950.51 $170,075.68
119 $170,075.68 $1,017.50 $0.00 $961.63 $172,054.81
120 $172,054.81 $1,017.50 $0.00 $972.82 $174,045.13
121 $174,045.13 $1,017.50 $0.00 $984.08 $176,046.71
122 $176,046.71 $1,017.50 $0.00 $995.39 $178,059.60
123 $178,059.60 $1,017.50 $0.00 $1,006.77 $180,083.87
124 $180,083.87 $1,017.50 $0.00 $1,018.22 $182,119.59
125 $182,119.59 $1,017.50 $0.00 $1,029.73 $184,166.82
126 $184,166.82 $1,017.50 $0.00 $1,041.31 $186,225.63
127 $186,225.63 $1,017.50 $0.00 $1,052.95 $188,296.08
128 $188,296.08 $1,017.50 $0.00 $1,064.65 $190,378.23
129 $190,378.23 $1,017.50 $0.00 $1,076.43 $192,472.16
130 $192,472.16 $1,017.50 $0.00 $1,088.27 $194,577.93
131 $194,577.93 $1,017.50 $0.00 $1,100.17 $196,695.60
132 $196,695.60 $1,017.50 $0.00 $1,112.15 $198,825.25
133 $198,825.25 $1,017.50 $0.00 $1,124.19 $200,966.94
134 $200,966.94 $1,017.50 $0.00 $1,136.30 $203,120.74
135 $203,120.74 $1,017.50 $0.00 $1,148.47 $205,286.71
136 $205,286.71 $1,017.50 $0.00 $1,160.72 $207,464.93
137 $207,464.93 $1,017.50 $0.00 $1,173.04 $209,655.47
138 $209,655.47 $1,017.50 $0.00 $1,185.42 $211,858.39
139 $211,858.39 $1,017.50 $0.00 $1,197.88 $214,073.77
140 $214,073.77 $1,017.50 $0.00 $1,210.40 $216,301.67
141 $216,301.67 $1,017.50 $0.00 $1,223.00 $218,542.17
142 $218,542.17 $1,017.50 $0.00 $1,235.67 $220,795.34
143 $220,795.34 $1,017.50 $0.00 $1,248.41 $223,061.25
144 $223,061.25 $1,017.50 $0.00 $1,261.22 $225,339.97
145 $225,339.97 $1,017.50 $0.00 $1,274.10 $227,631.57
146 $227,631.57 $1,017.50 $0.00 $1,287.06 $229,936.13
147 $229,936.13 $1,017.50 $0.00 $1,300.09 $232,253.72
148 $232,253.72 $1,017.50 $0.00 $1,313.20 $234,584.42
149 $234,584.42 $1,017.50 $0.00 $1,326.37 $236,928.29
150 $236,928.29 $1,017.50 $0.00 $1,339.63 $239,285.42
151 $239,285.42 $1,017.50 $0.00 $1,352.95 $241,655.87
152 $241,655.87 $1,017.50 $0.00 $1,366.36 $244,039.73
153 $244,039.73 $1,017.50 $0.00 $1,379.84 $246,437.07
154 $246,437.07 $1,017.50 $0.00 $1,393.39 $248,847.96
155 $248,847.96 $1,017.50 $0.00 $1,407.02 $251,272.48
156 $251,272.48 $1,017.50 $0.00 $1,420.73 $253,710.71
157 $253,710.71 $1,017.50 $0.00 $1,434.52 $256,162.73
158 $256,162.73 $1,017.50 $0.00 $1,448.38 $258,628.61
159 $258,628.61 $1,017.50 $0.00 $1,462.32 $261,108.43
160 $261,108.43 $1,017.50 $0.00 $1,476.35 $263,602.28
161 $263,602.28 $1,017.50 $0.00 $1,490.45 $266,110.23
162 $266,110.23 $1,017.50 $0.00 $1,504.63 $268,632.36
163 $268,632.36 $1,017.50 $0.00 $1,518.89 $271,168.75
164 $271,168.75 $1,017.50 $0.00 $1,533.23 $273,719.48
165 $273,719.48 $1,017.50 $0.00 $1,547.65 $276,284.63
166 $276,284.63 $1,017.50 $0.00 $1,562.15 $278,864.28
167 $278,864.28 $1,017.50 $0.00 $1,576.74 $281,458.52
168 $281,458.52 $1,017.50 $0.00 $1,591.41 $284,067.43
169 $284,067.43 $1,017.50 $0.00 $1,606.16 $286,691.09
170 $286,691.09 $1,017.50 $0.00 $1,620.99 $289,329.58
171 $289,329.58 $1,017.50 $0.00 $1,635.91 $291,982.99
172 $291,982.99 $1,017.50 $0.00 $1,650.91 $294,651.40
173 $294,651.40 $1,017.50 $0.00 $1,666.00 $297,334.90
174 $297,334.90 $1,017.50 $0.00 $1,681.17 $300,033.57
175 $300,033.57 $1,017.50 $0.00 $1,696.43 $302,747.50
176 $302,747.50 $1,017.50 $0.00 $1,711.78 $305,476.78
177 $305,476.78 $1,017.50 $0.00 $1,727.21 $308,221.49
178 $308,221.49 $1,017.50 $0.00 $1,742.73 $310,981.72
179 $310,981.72 $1,017.50 $0.00 $1,758.34 $313,757.56
180 $313,757.56 $1,017.50 $0.00 $1,774.03 $316,549.09
181 $316,549.09 $1,017.50 $0.00 $1,789.81 $319,356.40
182 $319,356.40 $1,017.50 $0.00 $1,805.69 $322,179.59
183 $322,179.59 $1,017.50 $0.00 $1,821.65 $325,018.74
184 $325,018.74 $1,017.50 $0.00 $1,837.70 $327,873.94
185 $327,873.94 $1,017.50 $0.00 $1,853.85 $330,745.29
186 $330,745.29 $1,017.50 $0.00 $1,870.08 $333,632.87
187 $333,632.87 $1,017.50 $0.00 $1,886.41 $336,536.78
188 $336,536.78 $1,017.50 $0.00 $1,902.83 $339,457.11
189 $339,457.11 $1,017.50 $0.00 $1,919.34 $342,393.95
190 $342,393.95 $1,017.50 $0.00 $1,935.95 $345,347.40
191 $345,347.40 $1,017.50 $0.00 $1,952.64 $348,317.54
192 $348,317.54 $1,017.50 $0.00 $1,969.44 $351,304.48
193 $351,304.48 $1,017.50 $0.00 $1,986.33 $354,308.31
194 $354,308.31 $1,017.50 $0.00 $2,003.31 $357,329.12
195 $357,329.12 $1,017.50 $0.00 $2,020.39 $360,367.01
196 $360,367.01 $1,017.50 $0.00 $2,037.57 $363,422.08
197 $363,422.08 $1,017.50 $0.00 $2,054.84 $366,494.42
198 $366,494.42 $1,017.50 $0.00 $2,072.21 $369,584.13
199 $369,584.13 $1,017.50 $0.00 $2,089.68 $372,691.31
200 $372,691.31 $1,017.50 $0.00 $2,107.25 $375,816.06
201 $375,816.06 $1,017.50 $0.00 $2,124.92 $378,958.48
202 $378,958.48 $1,017.50 $0.00 $2,142.69 $382,118.67
203 $382,118.67 $1,017.50 $0.00 $2,160.55 $385,296.72
204 $385,296.72 $1,017.50 $0.00 $2,178.52 $388,492.74
205 $388,492.74 $1,017.50 $0.00 $2,196.59 $391,706.83
206 $391,706.83 $1,017.50 $0.00 $2,214.77 $394,939.10
207 $394,939.10 $1,017.50 $0.00 $2,233.04 $398,189.64
208 $398,189.64 $1,017.50 $0.00 $2,251.42 $401,458.56
209 $401,458.56 $1,017.50 $0.00 $2,269.91 $404,745.97
210 $404,745.97 $1,017.50 $0.00 $2,288.49 $408,051.96
211 $408,051.96 $1,017.50 $0.00 $2,307.19 $411,376.65
212 $411,376.65 $1,017.50 $0.00 $2,325.98 $414,720.13
213 $414,720.13 $1,017.50 $0.00 $2,344.89 $418,082.52
214 $418,082.52 $1,017.50 $0.00 $2,363.90 $421,463.92
215 $421,463.92 $1,017.50 $0.00 $2,383.02 $424,864.44
216 $424,864.44 $1,017.50 $0.00 $2,402.25 $428,284.19
217 $428,284.19 $1,017.50 $119,291.30 $2,421.58 $312,431.97
218 $312,431.97 $1,017.50 $0.00 $1,766.54 $315,216.01
219 $315,216.01 $1,017.50 $0.00 $1,782.28 $318,015.79
220 $318,015.79 $1,017.50 $0.00 $1,798.11 $320,831.40
221 $320,831.40 $1,017.50 $0.00 $1,814.03 $323,662.93
222 $323,662.93 $1,017.50 $0.00 $1,830.04 $326,510.47
223 $326,510.47 $1,017.50 $0.00 $1,846.14 $329,374.11
224 $329,374.11 $1,017.50 $0.00 $1,862.33 $332,253.94
225 $332,253.94 $1,017.50 $0.00 $1,878.61 $335,150.05
226 $335,150.05 $1,017.50 $0.00 $1,894.99 $338,062.54
227 $338,062.54 $1,017.50 $0.00 $1,911.45 $340,991.49
228 $340,991.49 $1,017.50 $0.00 $1,928.02 $343,937.01
229 $343,937.01 $1,017.50 $125,255.87 $1,944.67 $221,643.31
230 $221,643.31 $1,017.50 $0.00 $1,253.20 $223,914.01
231 $223,914.01 $1,017.50 $0.00 $1,266.04 $226,197.55
232 $226,197.55 $1,017.50 $0.00 $1,278.95 $228,494.00
233 $228,494.00 $1,017.50 $0.00 $1,291.94 $230,803.44
234 $230,803.44 $1,017.50 $0.00 $1,305.00 $233,125.94
235 $233,125.94 $1,017.50 $0.00 $1,318.13 $235,461.57
236 $235,461.57 $1,017.50 $0.00 $1,331.33 $237,810.40
237 $237,810.40 $1,017.50 $0.00 $1,344.61 $240,172.51
238 $240,172.51 $1,017.50 $0.00 $1,357.97 $242,547.98
239 $242,547.98 $1,017.50 $0.00 $1,371.40 $244,936.88
240 $244,936.88 $1,017.50 $0.00 $1,384.91 $247,339.29
241 $247,339.29 $1,017.50 $131,518.66 $1,398.49 $118,236.62
242 $118,236.62 $1,017.50 $0.00 $668.53 $119,922.65
243 $119,922.65 $1,017.50 $0.00 $678.06 $121,618.21
244 $121,618.21 $1,017.50 $0.00 $687.65 $123,323.36
245 $123,323.36 $1,017.50 $0.00 $697.29 $125,038.15
246 $125,038.15 $1,017.50 $0.00 $706.98 $126,762.63
247 $126,762.63 $1,017.50 $0.00 $716.73 $128,496.86
248 $128,496.86 $1,017.50 $0.00 $726.54 $130,240.90
249 $130,240.90 $1,017.50 $0.00 $736.40 $131,994.80
250 $131,994.80 $1,017.50 $0.00 $746.32 $133,758.62
251 $133,758.62 $1,017.50 $0.00 $756.29 $135,532.41
252 $135,532.41 $1,017.50 $0.00 $766.32 $137,316.23
253 $137,316.23 $0.00 $138,094.59 $776.41 ($1.95)