Savings Plan and Future Cost Estimation for Mount Saint Mary College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$220,434
Monthly savings required$1,742

How much will it cost to send your child to Mount Saint Mary College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $881,734.06 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,742.13 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$58,756.00
Years until enrollment18
Annual Tuition Increase7%
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 $1,742.13 $0.00 $0.00 $1,742.13
2 $1,742.13 $1,742.13 $0.00 $9.85 $3,494.11
3 $3,494.11 $1,742.13 $0.00 $19.76 $5,256.00
4 $5,256.00 $1,742.13 $0.00 $29.72 $7,027.85
5 $7,027.85 $1,742.13 $0.00 $39.74 $8,809.72
6 $8,809.72 $1,742.13 $0.00 $49.81 $10,601.66
7 $10,601.66 $1,742.13 $0.00 $59.94 $12,403.73
8 $12,403.73 $1,742.13 $0.00 $70.13 $14,215.99
9 $14,215.99 $1,742.13 $0.00 $80.38 $16,038.50
10 $16,038.50 $1,742.13 $0.00 $90.68 $17,871.31
11 $17,871.31 $1,742.13 $0.00 $101.05 $19,714.49
12 $19,714.49 $1,742.13 $0.00 $111.47 $21,568.09
13 $21,568.09 $1,742.13 $0.00 $121.95 $23,432.17
14 $23,432.17 $1,742.13 $0.00 $132.49 $25,306.79
15 $25,306.79 $1,742.13 $0.00 $143.09 $27,192.01
16 $27,192.01 $1,742.13 $0.00 $153.75 $29,087.89
17 $29,087.89 $1,742.13 $0.00 $164.47 $30,994.49
18 $30,994.49 $1,742.13 $0.00 $175.25 $32,911.87
19 $32,911.87 $1,742.13 $0.00 $186.09 $34,840.09
20 $34,840.09 $1,742.13 $0.00 $196.99 $36,779.21
21 $36,779.21 $1,742.13 $0.00 $207.96 $38,729.30
22 $38,729.30 $1,742.13 $0.00 $218.98 $40,690.41
23 $40,690.41 $1,742.13 $0.00 $230.07 $42,662.61
24 $42,662.61 $1,742.13 $0.00 $241.22 $44,645.96
25 $44,645.96 $1,742.13 $0.00 $252.43 $46,640.52
26 $46,640.52 $1,742.13 $0.00 $263.71 $48,646.36
27 $48,646.36 $1,742.13 $0.00 $275.05 $50,663.54
28 $50,663.54 $1,742.13 $0.00 $286.46 $52,692.13
29 $52,692.13 $1,742.13 $0.00 $297.93 $54,732.19
30 $54,732.19 $1,742.13 $0.00 $309.46 $56,783.78
31 $56,783.78 $1,742.13 $0.00 $321.06 $58,846.97
32 $58,846.97 $1,742.13 $0.00 $332.73 $60,921.83
33 $60,921.83 $1,742.13 $0.00 $344.46 $63,008.42
34 $63,008.42 $1,742.13 $0.00 $356.26 $65,106.81
35 $65,106.81 $1,742.13 $0.00 $368.12 $67,217.06
36 $67,217.06 $1,742.13 $0.00 $380.06 $69,339.25
37 $69,339.25 $1,742.13 $0.00 $392.05 $71,473.43
38 $71,473.43 $1,742.13 $0.00 $404.12 $73,619.68
39 $73,619.68 $1,742.13 $0.00 $416.26 $75,778.07
40 $75,778.07 $1,742.13 $0.00 $428.46 $77,948.66
41 $77,948.66 $1,742.13 $0.00 $440.73 $80,131.52
42 $80,131.52 $1,742.13 $0.00 $453.08 $82,326.73
43 $82,326.73 $1,742.13 $0.00 $465.49 $84,534.35
44 $84,534.35 $1,742.13 $0.00 $477.97 $86,754.45
45 $86,754.45 $1,742.13 $0.00 $490.52 $88,987.10
46 $88,987.10 $1,742.13 $0.00 $503.15 $91,232.38
47 $91,232.38 $1,742.13 $0.00 $515.84 $93,490.35
48 $93,490.35 $1,742.13 $0.00 $528.61 $95,761.09
49 $95,761.09 $1,742.13 $0.00 $541.45 $98,044.67
50 $98,044.67 $1,742.13 $0.00 $554.36 $100,341.16
51 $100,341.16 $1,742.13 $0.00 $567.34 $102,650.63
52 $102,650.63 $1,742.13 $0.00 $580.40 $104,973.16
53 $104,973.16 $1,742.13 $0.00 $593.53 $107,308.82
54 $107,308.82 $1,742.13 $0.00 $606.74 $109,657.69
55 $109,657.69 $1,742.13 $0.00 $620.02 $112,019.84
56 $112,019.84 $1,742.13 $0.00 $633.38 $114,395.35
57 $114,395.35 $1,742.13 $0.00 $646.81 $116,784.29
58 $116,784.29 $1,742.13 $0.00 $660.32 $119,186.74
59 $119,186.74 $1,742.13 $0.00 $673.90 $121,602.77
60 $121,602.77 $1,742.13 $0.00 $687.56 $124,032.46
61 $124,032.46 $1,742.13 $0.00 $701.30 $126,475.89
62 $126,475.89 $1,742.13 $0.00 $715.11 $128,933.13
63 $128,933.13 $1,742.13 $0.00 $729.01 $131,404.27
64 $131,404.27 $1,742.13 $0.00 $742.98 $133,889.38
65 $133,889.38 $1,742.13 $0.00 $757.03 $136,388.54
66 $136,388.54 $1,742.13 $0.00 $771.16 $138,901.83
67 $138,901.83 $1,742.13 $0.00 $785.37 $141,429.33
68 $141,429.33 $1,742.13 $0.00 $799.66 $143,971.12
69 $143,971.12 $1,742.13 $0.00 $814.03 $146,527.28
70 $146,527.28 $1,742.13 $0.00 $828.49 $149,097.90
71 $149,097.90 $1,742.13 $0.00 $843.02 $151,683.05
72 $151,683.05 $1,742.13 $0.00 $857.64 $154,282.82
73 $154,282.82 $1,742.13 $0.00 $872.34 $156,897.29
74 $156,897.29 $1,742.13 $0.00 $887.12 $159,526.54
75 $159,526.54 $1,742.13 $0.00 $901.99 $162,170.66
76 $162,170.66 $1,742.13 $0.00 $916.94 $164,829.73
77 $164,829.73 $1,742.13 $0.00 $931.97 $167,503.83
78 $167,503.83 $1,742.13 $0.00 $947.09 $170,193.05
79 $170,193.05 $1,742.13 $0.00 $962.30 $172,897.48
80 $172,897.48 $1,742.13 $0.00 $977.59 $175,617.20
81 $175,617.20 $1,742.13 $0.00 $992.97 $178,352.30
82 $178,352.30 $1,742.13 $0.00 $1,008.43 $181,102.86
83 $181,102.86 $1,742.13 $0.00 $1,023.98 $183,868.97
84 $183,868.97 $1,742.13 $0.00 $1,039.62 $186,650.72
85 $186,650.72 $1,742.13 $0.00 $1,055.35 $189,448.20
86 $189,448.20 $1,742.13 $0.00 $1,071.17 $192,261.50
87 $192,261.50 $1,742.13 $0.00 $1,087.07 $195,090.70
88 $195,090.70 $1,742.13 $0.00 $1,103.07 $197,935.90
89 $197,935.90 $1,742.13 $0.00 $1,119.16 $200,797.19
90 $200,797.19 $1,742.13 $0.00 $1,135.34 $203,674.66
91 $203,674.66 $1,742.13 $0.00 $1,151.61 $206,568.40
92 $206,568.40 $1,742.13 $0.00 $1,167.97 $209,478.50
93 $209,478.50 $1,742.13 $0.00 $1,184.42 $212,405.05
94 $212,405.05 $1,742.13 $0.00 $1,200.97 $215,348.15
95 $215,348.15 $1,742.13 $0.00 $1,217.61 $218,307.89
96 $218,307.89 $1,742.13 $0.00 $1,234.34 $221,284.36
97 $221,284.36 $1,742.13 $0.00 $1,251.17 $224,277.66
98 $224,277.66 $1,742.13 $0.00 $1,268.10 $227,287.89
99 $227,287.89 $1,742.13 $0.00 $1,285.12 $230,315.14
100 $230,315.14 $1,742.13 $0.00 $1,302.24 $233,359.51
101 $233,359.51 $1,742.13 $0.00 $1,319.45 $236,421.09
102 $236,421.09 $1,742.13 $0.00 $1,336.76 $239,499.98
103 $239,499.98 $1,742.13 $0.00 $1,354.17 $242,596.28
104 $242,596.28 $1,742.13 $0.00 $1,371.67 $245,710.08
105 $245,710.08 $1,742.13 $0.00 $1,389.28 $248,841.49
106 $248,841.49 $1,742.13 $0.00 $1,406.99 $251,990.61
107 $251,990.61 $1,742.13 $0.00 $1,424.79 $255,157.53
108 $255,157.53 $1,742.13 $0.00 $1,442.70 $258,342.36
109 $258,342.36 $1,742.13 $0.00 $1,460.71 $261,545.20
110 $261,545.20 $1,742.13 $0.00 $1,478.81 $264,766.14
111 $264,766.14 $1,742.13 $0.00 $1,497.03 $268,005.30
112 $268,005.30 $1,742.13 $0.00 $1,515.34 $271,262.77
113 $271,262.77 $1,742.13 $0.00 $1,533.76 $274,538.66
114 $274,538.66 $1,742.13 $0.00 $1,552.28 $277,833.07
115 $277,833.07 $1,742.13 $0.00 $1,570.91 $281,146.11
116 $281,146.11 $1,742.13 $0.00 $1,589.64 $284,477.88
117 $284,477.88 $1,742.13 $0.00 $1,608.48 $287,828.49
118 $287,828.49 $1,742.13 $0.00 $1,627.42 $291,198.04
119 $291,198.04 $1,742.13 $0.00 $1,646.48 $294,586.65
120 $294,586.65 $1,742.13 $0.00 $1,665.64 $297,994.42
121 $297,994.42 $1,742.13 $0.00 $1,684.90 $301,421.45
122 $301,421.45 $1,742.13 $0.00 $1,704.28 $304,867.86
123 $304,867.86 $1,742.13 $0.00 $1,723.77 $308,333.76
124 $308,333.76 $1,742.13 $0.00 $1,743.36 $311,819.25
125 $311,819.25 $1,742.13 $0.00 $1,763.07 $315,324.45
126 $315,324.45 $1,742.13 $0.00 $1,782.89 $318,849.47
127 $318,849.47 $1,742.13 $0.00 $1,802.82 $322,394.42
128 $322,394.42 $1,742.13 $0.00 $1,822.86 $325,959.41
129 $325,959.41 $1,742.13 $0.00 $1,843.02 $329,544.56
130 $329,544.56 $1,742.13 $0.00 $1,863.29 $333,149.98
131 $333,149.98 $1,742.13 $0.00 $1,883.68 $336,775.79
132 $336,775.79 $1,742.13 $0.00 $1,904.18 $340,422.10
133 $340,422.10 $1,742.13 $0.00 $1,924.80 $344,089.03
134 $344,089.03 $1,742.13 $0.00 $1,945.53 $347,776.69
135 $347,776.69 $1,742.13 $0.00 $1,966.38 $351,485.20
136 $351,485.20 $1,742.13 $0.00 $1,987.35 $355,214.68
137 $355,214.68 $1,742.13 $0.00 $2,008.44 $358,965.25
138 $358,965.25 $1,742.13 $0.00 $2,029.64 $362,737.02
139 $362,737.02 $1,742.13 $0.00 $2,050.97 $366,530.12
140 $366,530.12 $1,742.13 $0.00 $2,072.41 $370,344.66
141 $370,344.66 $1,742.13 $0.00 $2,093.98 $374,180.77
142 $374,180.77 $1,742.13 $0.00 $2,115.67 $378,038.57
143 $378,038.57 $1,742.13 $0.00 $2,137.49 $381,918.19
144 $381,918.19 $1,742.13 $0.00 $2,159.42 $385,819.74
145 $385,819.74 $1,742.13 $0.00 $2,181.48 $389,743.35
146 $389,743.35 $1,742.13 $0.00 $2,203.67 $393,689.15
147 $393,689.15 $1,742.13 $0.00 $2,225.98 $397,657.26
148 $397,657.26 $1,742.13 $0.00 $2,248.41 $401,647.80
149 $401,647.80 $1,742.13 $0.00 $2,270.98 $405,660.91
150 $405,660.91 $1,742.13 $0.00 $2,293.67 $409,696.71
151 $409,696.71 $1,742.13 $0.00 $2,316.48 $413,755.32
152 $413,755.32 $1,742.13 $0.00 $2,339.43 $417,836.88
153 $417,836.88 $1,742.13 $0.00 $2,362.51 $421,941.52
154 $421,941.52 $1,742.13 $0.00 $2,385.72 $426,069.37
155 $426,069.37 $1,742.13 $0.00 $2,409.06 $430,220.56
156 $430,220.56 $1,742.13 $0.00 $2,432.53 $434,395.22
157 $434,395.22 $1,742.13 $0.00 $2,456.13 $438,593.48
158 $438,593.48 $1,742.13 $0.00 $2,479.87 $442,815.48
159 $442,815.48 $1,742.13 $0.00 $2,503.74 $447,061.35
160 $447,061.35 $1,742.13 $0.00 $2,527.75 $451,331.23
161 $451,331.23 $1,742.13 $0.00 $2,551.89 $455,625.25
162 $455,625.25 $1,742.13 $0.00 $2,576.17 $459,943.55
163 $459,943.55 $1,742.13 $0.00 $2,600.59 $464,286.27
164 $464,286.27 $1,742.13 $0.00 $2,625.14 $468,653.54
165 $468,653.54 $1,742.13 $0.00 $2,649.84 $473,045.51
166 $473,045.51 $1,742.13 $0.00 $2,674.67 $477,462.31
167 $477,462.31 $1,742.13 $0.00 $2,699.64 $481,904.08
168 $481,904.08 $1,742.13 $0.00 $2,724.76 $486,370.97
169 $486,370.97 $1,742.13 $0.00 $2,750.01 $490,863.11
170 $490,863.11 $1,742.13 $0.00 $2,775.41 $495,380.65
171 $495,380.65 $1,742.13 $0.00 $2,800.95 $499,923.73
172 $499,923.73 $1,742.13 $0.00 $2,826.64 $504,492.50
173 $504,492.50 $1,742.13 $0.00 $2,852.47 $509,087.10
174 $509,087.10 $1,742.13 $0.00 $2,878.45 $513,707.68
175 $513,707.68 $1,742.13 $0.00 $2,904.58 $518,354.39
176 $518,354.39 $1,742.13 $0.00 $2,930.85 $523,027.37
177 $523,027.37 $1,742.13 $0.00 $2,957.27 $527,726.77
178 $527,726.77 $1,742.13 $0.00 $2,983.84 $532,452.74
179 $532,452.74 $1,742.13 $0.00 $3,010.57 $537,205.44
180 $537,205.44 $1,742.13 $0.00 $3,037.44 $541,985.01
181 $541,985.01 $1,742.13 $0.00 $3,064.46 $546,791.60
182 $546,791.60 $1,742.13 $0.00 $3,091.64 $551,625.37
183 $551,625.37 $1,742.13 $0.00 $3,118.97 $556,486.47
184 $556,486.47 $1,742.13 $0.00 $3,146.46 $561,375.06
185 $561,375.06 $1,742.13 $0.00 $3,174.10 $566,291.29
186 $566,291.29 $1,742.13 $0.00 $3,201.89 $571,235.31
187 $571,235.31 $1,742.13 $0.00 $3,229.85 $576,207.29
188 $576,207.29 $1,742.13 $0.00 $3,257.96 $581,207.38
189 $581,207.38 $1,742.13 $0.00 $3,286.23 $586,235.74
190 $586,235.74 $1,742.13 $0.00 $3,314.66 $591,292.53
191 $591,292.53 $1,742.13 $0.00 $3,343.25 $596,377.91
192 $596,377.91 $1,742.13 $0.00 $3,372.01 $601,492.05
193 $601,492.05 $1,742.13 $0.00 $3,400.92 $606,635.10
194 $606,635.10 $1,742.13 $0.00 $3,430.00 $611,807.23
195 $611,807.23 $1,742.13 $0.00 $3,459.25 $617,008.61
196 $617,008.61 $1,742.13 $0.00 $3,488.66 $622,239.40
197 $622,239.40 $1,742.13 $0.00 $3,518.23 $627,499.76
198 $627,499.76 $1,742.13 $0.00 $3,547.97 $632,789.86
199 $632,789.86 $1,742.13 $0.00 $3,577.89 $638,109.88
200 $638,109.88 $1,742.13 $0.00 $3,607.97 $643,459.98
201 $643,459.98 $1,742.13 $0.00 $3,638.22 $648,840.33
202 $648,840.33 $1,742.13 $0.00 $3,668.64 $654,251.10
203 $654,251.10 $1,742.13 $0.00 $3,699.23 $659,692.46
204 $659,692.46 $1,742.13 $0.00 $3,730.00 $665,164.59
205 $665,164.59 $1,742.13 $0.00 $3,760.94 $670,667.66
206 $670,667.66 $1,742.13 $0.00 $3,792.05 $676,201.84
207 $676,201.84 $1,742.13 $0.00 $3,823.34 $681,767.31
208 $681,767.31 $1,742.13 $0.00 $3,854.81 $687,364.25
209 $687,364.25 $1,742.13 $0.00 $3,886.46 $692,992.84
210 $692,992.84 $1,742.13 $0.00 $3,918.28 $698,653.25
211 $698,653.25 $1,742.13 $0.00 $3,950.29 $704,345.67
212 $704,345.67 $1,742.13 $0.00 $3,982.47 $710,070.27
213 $710,070.27 $1,742.13 $0.00 $4,014.84 $715,827.24
214 $715,827.24 $1,742.13 $0.00 $4,047.39 $721,616.76
215 $721,616.76 $1,742.13 $0.00 $4,080.13 $727,439.02
216 $727,439.02 $1,742.13 $0.00 $4,113.05 $733,294.20
217 $733,294.20 $1,742.13 $198,591.30 $4,146.15 $540,591.18
218 $540,591.18 $1,742.13 $0.00 $3,056.58 $545,389.89
219 $545,389.89 $1,742.13 $0.00 $3,083.71 $550,215.73
220 $550,215.73 $1,742.13 $0.00 $3,111.00 $555,068.86
221 $555,068.86 $1,742.13 $0.00 $3,138.44 $559,949.43
222 $559,949.43 $1,742.13 $0.00 $3,166.04 $564,857.60
223 $564,857.60 $1,742.13 $0.00 $3,193.79 $569,793.52
224 $569,793.52 $1,742.13 $0.00 $3,221.70 $574,757.35
225 $574,757.35 $1,742.13 $0.00 $3,249.76 $579,749.24
226 $579,749.24 $1,742.13 $0.00 $3,277.99 $584,769.36
227 $584,769.36 $1,742.13 $0.00 $3,306.37 $589,817.86
228 $589,817.86 $1,742.13 $0.00 $3,334.92 $594,894.91
229 $594,894.91 $1,742.13 $212,492.69 $3,363.62 $387,507.97
230 $387,507.97 $1,742.13 $0.00 $2,191.03 $391,441.13
231 $391,441.13 $1,742.13 $0.00 $2,213.27 $395,396.53
232 $395,396.53 $1,742.13 $0.00 $2,235.63 $399,374.29
233 $399,374.29 $1,742.13 $0.00 $2,258.12 $403,374.54
234 $403,374.54 $1,742.13 $0.00 $2,280.74 $407,397.41
235 $407,397.41 $1,742.13 $0.00 $2,303.48 $411,443.02
236 $411,443.02 $1,742.13 $0.00 $2,326.36 $415,511.51
237 $415,511.51 $1,742.13 $0.00 $2,349.36 $419,603.00
238 $419,603.00 $1,742.13 $0.00 $2,372.50 $423,717.63
239 $423,717.63 $1,742.13 $0.00 $2,395.76 $427,855.52
240 $427,855.52 $1,742.13 $0.00 $2,419.16 $432,016.81
241 $432,016.81 $1,742.13 $227,367.18 $2,442.69 $208,834.45
242 $208,834.45 $1,742.13 $0.00 $1,180.78 $211,757.36
243 $211,757.36 $1,742.13 $0.00 $1,197.31 $214,696.80
244 $214,696.80 $1,742.13 $0.00 $1,213.93 $217,652.86
245 $217,652.86 $1,742.13 $0.00 $1,230.64 $220,625.63
246 $220,625.63 $1,742.13 $0.00 $1,247.45 $223,615.21
247 $223,615.21 $1,742.13 $0.00 $1,264.35 $226,621.69
248 $226,621.69 $1,742.13 $0.00 $1,281.35 $229,645.17
249 $229,645.17 $1,742.13 $0.00 $1,298.45 $232,685.75
250 $232,685.75 $1,742.13 $0.00 $1,315.64 $235,743.52
251 $235,743.52 $1,742.13 $0.00 $1,332.93 $238,818.58
252 $238,818.58 $1,742.13 $0.00 $1,350.31 $241,911.02
253 $241,911.02 $0.00 $243,282.88 $1,367.80 -$4.06