Savings Plan and Future Cost Estimation for Paul Smiths College of Arts and Science

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$191,688
Monthly savings required$1,515

How much will it cost to send your child to Paul Smiths College of Arts and Science in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $766,752.67 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,514.95 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$51,094.00
Years until enrollment18
Annual Tuition Increase7%
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 $1,514.95 $0.00 $0.00 $1,514.95
2 $1,514.95 $1,514.95 $0.00 $8.57 $3,038.47
3 $3,038.47 $1,514.95 $0.00 $17.18 $4,570.60
4 $4,570.60 $1,514.95 $0.00 $25.84 $6,111.39
5 $6,111.39 $1,514.95 $0.00 $34.55 $7,660.89
6 $7,660.89 $1,514.95 $0.00 $43.32 $9,219.16
7 $9,219.16 $1,514.95 $0.00 $52.13 $10,786.24
8 $10,786.24 $1,514.95 $0.00 $60.99 $12,362.18
9 $12,362.18 $1,514.95 $0.00 $69.90 $13,947.03
10 $13,947.03 $1,514.95 $0.00 $78.86 $15,540.84
11 $15,540.84 $1,514.95 $0.00 $87.87 $17,143.66
12 $17,143.66 $1,514.95 $0.00 $96.93 $18,755.54
13 $18,755.54 $1,514.95 $0.00 $106.05 $20,376.54
14 $20,376.54 $1,514.95 $0.00 $115.21 $22,006.70
15 $22,006.70 $1,514.95 $0.00 $124.43 $23,646.08
16 $23,646.08 $1,514.95 $0.00 $133.70 $25,294.73
17 $25,294.73 $1,514.95 $0.00 $143.02 $26,952.70
18 $26,952.70 $1,514.95 $0.00 $152.39 $28,620.04
19 $28,620.04 $1,514.95 $0.00 $161.82 $30,296.81
20 $30,296.81 $1,514.95 $0.00 $171.30 $31,983.06
21 $31,983.06 $1,514.95 $0.00 $180.84 $33,678.85
22 $33,678.85 $1,514.95 $0.00 $190.43 $35,384.23
23 $35,384.23 $1,514.95 $0.00 $200.07 $37,099.25
24 $37,099.25 $1,514.95 $0.00 $209.76 $38,823.96
25 $38,823.96 $1,514.95 $0.00 $219.52 $40,558.43
26 $40,558.43 $1,514.95 $0.00 $229.32 $42,302.70
27 $42,302.70 $1,514.95 $0.00 $239.19 $44,056.84
28 $44,056.84 $1,514.95 $0.00 $249.10 $45,820.89
29 $45,820.89 $1,514.95 $0.00 $259.08 $47,594.92
30 $47,594.92 $1,514.95 $0.00 $269.11 $49,378.98
31 $49,378.98 $1,514.95 $0.00 $279.20 $51,173.13
32 $51,173.13 $1,514.95 $0.00 $289.34 $52,977.42
33 $52,977.42 $1,514.95 $0.00 $299.54 $54,791.91
34 $54,791.91 $1,514.95 $0.00 $309.80 $56,616.66
35 $56,616.66 $1,514.95 $0.00 $320.12 $58,451.73
36 $58,451.73 $1,514.95 $0.00 $330.49 $60,297.17
37 $60,297.17 $1,514.95 $0.00 $340.93 $62,153.05
38 $62,153.05 $1,514.95 $0.00 $351.42 $64,019.42
39 $64,019.42 $1,514.95 $0.00 $361.98 $65,896.35
40 $65,896.35 $1,514.95 $0.00 $372.59 $67,783.89
41 $67,783.89 $1,514.95 $0.00 $383.26 $69,682.10
42 $69,682.10 $1,514.95 $0.00 $393.99 $71,591.04
43 $71,591.04 $1,514.95 $0.00 $404.79 $73,510.78
44 $73,510.78 $1,514.95 $0.00 $415.64 $75,441.37
45 $75,441.37 $1,514.95 $0.00 $426.56 $77,382.88
46 $77,382.88 $1,514.95 $0.00 $437.53 $79,335.36
47 $79,335.36 $1,514.95 $0.00 $448.57 $81,298.88
48 $81,298.88 $1,514.95 $0.00 $459.68 $83,273.51
49 $83,273.51 $1,514.95 $0.00 $470.84 $85,259.30
50 $85,259.30 $1,514.95 $0.00 $482.07 $87,256.32
51 $87,256.32 $1,514.95 $0.00 $493.36 $89,264.63
52 $89,264.63 $1,514.95 $0.00 $504.72 $91,284.30
53 $91,284.30 $1,514.95 $0.00 $516.13 $93,315.38
54 $93,315.38 $1,514.95 $0.00 $527.62 $95,357.95
55 $95,357.95 $1,514.95 $0.00 $539.17 $97,412.07
56 $97,412.07 $1,514.95 $0.00 $550.78 $99,477.80
57 $99,477.80 $1,514.95 $0.00 $562.46 $101,555.21
58 $101,555.21 $1,514.95 $0.00 $574.21 $103,644.37
59 $103,644.37 $1,514.95 $0.00 $586.02 $105,745.34
60 $105,745.34 $1,514.95 $0.00 $597.90 $107,858.19
61 $107,858.19 $1,514.95 $0.00 $609.85 $109,982.99
62 $109,982.99 $1,514.95 $0.00 $621.86 $112,119.80
63 $112,119.80 $1,514.95 $0.00 $633.94 $114,268.69
64 $114,268.69 $1,514.95 $0.00 $646.09 $116,429.73
65 $116,429.73 $1,514.95 $0.00 $658.31 $118,602.99
66 $118,602.99 $1,514.95 $0.00 $670.60 $120,788.54
67 $120,788.54 $1,514.95 $0.00 $682.96 $122,986.45
68 $122,986.45 $1,514.95 $0.00 $695.38 $125,196.78
69 $125,196.78 $1,514.95 $0.00 $707.88 $127,419.61
70 $127,419.61 $1,514.95 $0.00 $720.45 $129,655.01
71 $129,655.01 $1,514.95 $0.00 $733.09 $131,903.05
72 $131,903.05 $1,514.95 $0.00 $745.80 $134,163.80
73 $134,163.80 $1,514.95 $0.00 $758.58 $136,437.33
74 $136,437.33 $1,514.95 $0.00 $771.44 $138,723.72
75 $138,723.72 $1,514.95 $0.00 $784.36 $141,023.03
76 $141,023.03 $1,514.95 $0.00 $797.36 $143,335.34
77 $143,335.34 $1,514.95 $0.00 $810.44 $145,660.73
78 $145,660.73 $1,514.95 $0.00 $823.59 $147,999.27
79 $147,999.27 $1,514.95 $0.00 $836.81 $150,351.03
80 $150,351.03 $1,514.95 $0.00 $850.11 $152,716.09
81 $152,716.09 $1,514.95 $0.00 $863.48 $155,094.52
82 $155,094.52 $1,514.95 $0.00 $876.93 $157,486.40
83 $157,486.40 $1,514.95 $0.00 $890.45 $159,891.80
84 $159,891.80 $1,514.95 $0.00 $904.05 $162,310.80
85 $162,310.80 $1,514.95 $0.00 $917.73 $164,743.48
86 $164,743.48 $1,514.95 $0.00 $931.48 $167,189.91
87 $167,189.91 $1,514.95 $0.00 $945.32 $169,650.18
88 $169,650.18 $1,514.95 $0.00 $959.23 $172,124.36
89 $172,124.36 $1,514.95 $0.00 $973.22 $174,612.53
90 $174,612.53 $1,514.95 $0.00 $987.28 $177,114.76
91 $177,114.76 $1,514.95 $0.00 $1,001.43 $179,631.14
92 $179,631.14 $1,514.95 $0.00 $1,015.66 $182,161.75
93 $182,161.75 $1,514.95 $0.00 $1,029.97 $184,706.67
94 $184,706.67 $1,514.95 $0.00 $1,044.36 $187,265.98
95 $187,265.98 $1,514.95 $0.00 $1,058.83 $189,839.76
96 $189,839.76 $1,514.95 $0.00 $1,073.38 $192,428.09
97 $192,428.09 $1,514.95 $0.00 $1,088.02 $195,031.06
98 $195,031.06 $1,514.95 $0.00 $1,102.73 $197,648.74
99 $197,648.74 $1,514.95 $0.00 $1,117.53 $200,281.22
100 $200,281.22 $1,514.95 $0.00 $1,132.42 $202,928.59
101 $202,928.59 $1,514.95 $0.00 $1,147.39 $205,590.93
102 $205,590.93 $1,514.95 $0.00 $1,162.44 $208,268.32
103 $208,268.32 $1,514.95 $0.00 $1,177.58 $210,960.85
104 $210,960.85 $1,514.95 $0.00 $1,192.80 $213,668.60
105 $213,668.60 $1,514.95 $0.00 $1,208.11 $216,391.66
106 $216,391.66 $1,514.95 $0.00 $1,223.51 $219,130.12
107 $219,130.12 $1,514.95 $0.00 $1,238.99 $221,884.06
108 $221,884.06 $1,514.95 $0.00 $1,254.56 $224,653.57
109 $224,653.57 $1,514.95 $0.00 $1,270.22 $227,438.74
110 $227,438.74 $1,514.95 $0.00 $1,285.97 $230,239.66
111 $230,239.66 $1,514.95 $0.00 $1,301.81 $233,056.42
112 $233,056.42 $1,514.95 $0.00 $1,317.73 $235,889.10
113 $235,889.10 $1,514.95 $0.00 $1,333.75 $238,737.80
114 $238,737.80 $1,514.95 $0.00 $1,349.86 $241,602.61
115 $241,602.61 $1,514.95 $0.00 $1,366.06 $244,483.62
116 $244,483.62 $1,514.95 $0.00 $1,382.35 $247,380.92
117 $247,380.92 $1,514.95 $0.00 $1,398.73 $250,294.60
118 $250,294.60 $1,514.95 $0.00 $1,415.20 $253,224.75
119 $253,224.75 $1,514.95 $0.00 $1,431.77 $256,171.47
120 $256,171.47 $1,514.95 $0.00 $1,448.43 $259,134.85
121 $259,134.85 $1,514.95 $0.00 $1,465.19 $262,114.99
122 $262,114.99 $1,514.95 $0.00 $1,482.04 $265,111.98
123 $265,111.98 $1,514.95 $0.00 $1,498.98 $268,125.91
124 $268,125.91 $1,514.95 $0.00 $1,516.02 $271,156.88
125 $271,156.88 $1,514.95 $0.00 $1,533.16 $274,204.99
126 $274,204.99 $1,514.95 $0.00 $1,550.39 $277,270.33
127 $277,270.33 $1,514.95 $0.00 $1,567.73 $280,353.01
128 $280,353.01 $1,514.95 $0.00 $1,585.16 $283,453.12
129 $283,453.12 $1,514.95 $0.00 $1,602.69 $286,570.76
130 $286,570.76 $1,514.95 $0.00 $1,620.31 $289,706.02
131 $289,706.02 $1,514.95 $0.00 $1,638.04 $292,859.01
132 $292,859.01 $1,514.95 $0.00 $1,655.87 $296,029.83
133 $296,029.83 $1,514.95 $0.00 $1,673.80 $299,218.58
134 $299,218.58 $1,514.95 $0.00 $1,691.83 $302,425.36
135 $302,425.36 $1,514.95 $0.00 $1,709.96 $305,650.27
136 $305,650.27 $1,514.95 $0.00 $1,728.19 $308,893.41
137 $308,893.41 $1,514.95 $0.00 $1,746.53 $312,154.89
138 $312,154.89 $1,514.95 $0.00 $1,764.97 $315,434.81
139 $315,434.81 $1,514.95 $0.00 $1,783.51 $318,733.27
140 $318,733.27 $1,514.95 $0.00 $1,802.16 $322,050.38
141 $322,050.38 $1,514.95 $0.00 $1,820.92 $325,386.25
142 $325,386.25 $1,514.95 $0.00 $1,839.78 $328,740.98
143 $328,740.98 $1,514.95 $0.00 $1,858.75 $332,114.68
144 $332,114.68 $1,514.95 $0.00 $1,877.82 $335,507.45
145 $335,507.45 $1,514.95 $0.00 $1,897.01 $338,919.41
146 $338,919.41 $1,514.95 $0.00 $1,916.30 $342,350.66
147 $342,350.66 $1,514.95 $0.00 $1,935.70 $345,801.31
148 $345,801.31 $1,514.95 $0.00 $1,955.21 $349,271.47
149 $349,271.47 $1,514.95 $0.00 $1,974.83 $352,761.25
150 $352,761.25 $1,514.95 $0.00 $1,994.56 $356,270.76
151 $356,270.76 $1,514.95 $0.00 $2,014.41 $359,800.12
152 $359,800.12 $1,514.95 $0.00 $2,034.36 $363,349.43
153 $363,349.43 $1,514.95 $0.00 $2,054.43 $366,918.81
154 $366,918.81 $1,514.95 $0.00 $2,074.61 $370,508.37
155 $370,508.37 $1,514.95 $0.00 $2,094.91 $374,118.23
156 $374,118.23 $1,514.95 $0.00 $2,115.32 $377,748.50
157 $377,748.50 $1,514.95 $0.00 $2,135.84 $381,399.29
158 $381,399.29 $1,514.95 $0.00 $2,156.49 $385,070.73
159 $385,070.73 $1,514.95 $0.00 $2,177.25 $388,762.93
160 $388,762.93 $1,514.95 $0.00 $2,198.12 $392,476.00
161 $392,476.00 $1,514.95 $0.00 $2,219.12 $396,210.07
162 $396,210.07 $1,514.95 $0.00 $2,240.23 $399,965.25
163 $399,965.25 $1,514.95 $0.00 $2,261.46 $403,741.66
164 $403,741.66 $1,514.95 $0.00 $2,282.81 $407,539.42
165 $407,539.42 $1,514.95 $0.00 $2,304.29 $411,358.66
166 $411,358.66 $1,514.95 $0.00 $2,325.88 $415,199.49
167 $415,199.49 $1,514.95 $0.00 $2,347.60 $419,062.04
168 $419,062.04 $1,514.95 $0.00 $2,369.44 $422,946.43
169 $422,946.43 $1,514.95 $0.00 $2,391.40 $426,852.78
170 $426,852.78 $1,514.95 $0.00 $2,413.49 $430,781.22
171 $430,781.22 $1,514.95 $0.00 $2,435.70 $434,731.87
172 $434,731.87 $1,514.95 $0.00 $2,458.04 $438,704.86
173 $438,704.86 $1,514.95 $0.00 $2,480.50 $442,700.31
174 $442,700.31 $1,514.95 $0.00 $2,503.09 $446,718.35
175 $446,718.35 $1,514.95 $0.00 $2,525.81 $450,759.11
176 $450,759.11 $1,514.95 $0.00 $2,548.66 $454,822.72
177 $454,822.72 $1,514.95 $0.00 $2,571.63 $458,909.30
178 $458,909.30 $1,514.95 $0.00 $2,594.74 $463,018.99
179 $463,018.99 $1,514.95 $0.00 $2,617.98 $467,151.92
180 $467,151.92 $1,514.95 $0.00 $2,641.34 $471,308.21
181 $471,308.21 $1,514.95 $0.00 $2,664.85 $475,488.01
182 $475,488.01 $1,514.95 $0.00 $2,688.48 $479,691.44
183 $479,691.44 $1,514.95 $0.00 $2,712.25 $483,918.64
184 $483,918.64 $1,514.95 $0.00 $2,736.15 $488,169.74
185 $488,169.74 $1,514.95 $0.00 $2,760.18 $492,444.87
186 $492,444.87 $1,514.95 $0.00 $2,784.35 $496,744.17
187 $496,744.17 $1,514.95 $0.00 $2,808.66 $501,067.78
188 $501,067.78 $1,514.95 $0.00 $2,833.11 $505,415.84
189 $505,415.84 $1,514.95 $0.00 $2,857.69 $509,788.48
190 $509,788.48 $1,514.95 $0.00 $2,882.42 $514,185.85
191 $514,185.85 $1,514.95 $0.00 $2,907.28 $518,608.08
192 $518,608.08 $1,514.95 $0.00 $2,932.29 $523,055.32
193 $523,055.32 $1,514.95 $0.00 $2,957.43 $527,527.70
194 $527,527.70 $1,514.95 $0.00 $2,982.72 $532,025.37
195 $532,025.37 $1,514.95 $0.00 $3,008.15 $536,548.47
196 $536,548.47 $1,514.95 $0.00 $3,033.72 $541,097.14
197 $541,097.14 $1,514.95 $0.00 $3,059.44 $545,671.53
198 $545,671.53 $1,514.95 $0.00 $3,085.31 $550,271.79
199 $550,271.79 $1,514.95 $0.00 $3,111.32 $554,898.06
200 $554,898.06 $1,514.95 $0.00 $3,137.47 $559,550.48
201 $559,550.48 $1,514.95 $0.00 $3,163.78 $564,229.21
202 $564,229.21 $1,514.95 $0.00 $3,190.23 $568,934.39
203 $568,934.39 $1,514.95 $0.00 $3,216.84 $573,666.18
204 $573,666.18 $1,514.95 $0.00 $3,243.59 $578,424.72
205 $578,424.72 $1,514.95 $0.00 $3,270.50 $583,210.17
206 $583,210.17 $1,514.95 $0.00 $3,297.56 $588,022.68
207 $588,022.68 $1,514.95 $0.00 $3,324.77 $592,862.40
208 $592,862.40 $1,514.95 $0.00 $3,352.13 $597,729.48
209 $597,729.48 $1,514.95 $0.00 $3,379.65 $602,624.08
210 $602,624.08 $1,514.95 $0.00 $3,407.32 $607,546.35
211 $607,546.35 $1,514.95 $0.00 $3,435.16 $612,496.46
212 $612,496.46 $1,514.95 $0.00 $3,463.14 $617,474.55
213 $617,474.55 $1,514.95 $0.00 $3,491.29 $622,480.79
214 $622,480.79 $1,514.95 $0.00 $3,519.60 $627,515.34
215 $627,515.34 $1,514.95 $0.00 $3,548.06 $632,578.35
216 $632,578.35 $1,514.95 $0.00 $3,576.69 $637,669.99
217 $637,669.99 $1,514.95 $172,694.26 $3,605.48 $470,096.16
218 $470,096.16 $1,514.95 $0.00 $2,657.99 $474,269.10
219 $474,269.10 $1,514.95 $0.00 $2,681.59 $478,465.64
220 $478,465.64 $1,514.95 $0.00 $2,705.31 $482,685.90
221 $482,685.90 $1,514.95 $0.00 $2,729.18 $486,930.03
222 $486,930.03 $1,514.95 $0.00 $2,753.17 $491,198.15
223 $491,198.15 $1,514.95 $0.00 $2,777.31 $495,490.41
224 $495,490.41 $1,514.95 $0.00 $2,801.57 $499,806.93
225 $499,806.93 $1,514.95 $0.00 $2,825.98 $504,147.86
226 $504,147.86 $1,514.95 $0.00 $2,850.53 $508,513.34
227 $508,513.34 $1,514.95 $0.00 $2,875.21 $512,903.50
228 $512,903.50 $1,514.95 $0.00 $2,900.03 $517,318.48
229 $517,318.48 $1,514.95 $184,782.86 $2,924.99 $336,975.56
230 $336,975.56 $1,514.95 $0.00 $1,905.31 $340,395.82
231 $340,395.82 $1,514.95 $0.00 $1,924.65 $343,835.42
232 $343,835.42 $1,514.95 $0.00 $1,944.10 $347,294.47
233 $347,294.47 $1,514.95 $0.00 $1,963.65 $350,773.07
234 $350,773.07 $1,514.95 $0.00 $1,983.32 $354,271.34
235 $354,271.34 $1,514.95 $0.00 $2,003.10 $357,789.39
236 $357,789.39 $1,514.95 $0.00 $2,022.99 $361,327.33
237 $361,327.33 $1,514.95 $0.00 $2,043.00 $364,885.28
238 $364,885.28 $1,514.95 $0.00 $2,063.11 $368,463.34
239 $368,463.34 $1,514.95 $0.00 $2,083.35 $372,061.64
240 $372,061.64 $1,514.95 $0.00 $2,103.69 $375,680.28
241 $375,680.28 $1,514.95 $197,717.66 $2,124.15 $181,601.72
242 $181,601.72 $1,514.95 $0.00 $1,026.80 $184,143.47
243 $184,143.47 $1,514.95 $0.00 $1,041.17 $186,699.59
244 $186,699.59 $1,514.95 $0.00 $1,055.63 $189,270.17
245 $189,270.17 $1,514.95 $0.00 $1,070.16 $191,855.28
246 $191,855.28 $1,514.95 $0.00 $1,084.78 $194,455.01
247 $194,455.01 $1,514.95 $0.00 $1,099.48 $197,069.44
248 $197,069.44 $1,514.95 $0.00 $1,114.26 $199,698.65
249 $199,698.65 $1,514.95 $0.00 $1,129.13 $202,342.73
250 $202,342.73 $1,514.95 $0.00 $1,144.08 $205,001.76
251 $205,001.76 $1,514.95 $0.00 $1,159.11 $207,675.82
252 $207,675.82 $1,514.95 $0.00 $1,174.23 $210,365.00
253 $210,365.00 $0.00 $211,557.89 $1,189.43 -$3.46