Savings Plan and Future Cost Estimation for Skidmore College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$192,260
Monthly savings required$1,522

How much will it cost to send your child to Skidmore College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $769,041.60 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,521.91 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$74,140.00
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 $1,521.91 $0.00 $0.00 $1,521.91
2 $1,521.91 $1,521.91 $0.00 $8.61 $3,052.43
3 $3,052.43 $1,521.91 $0.00 $17.26 $4,591.60
4 $4,591.60 $1,521.91 $0.00 $25.96 $6,139.47
5 $6,139.47 $1,521.91 $0.00 $34.71 $7,696.09
6 $7,696.09 $1,521.91 $0.00 $43.51 $9,261.51
7 $9,261.51 $1,521.91 $0.00 $52.37 $10,835.79
8 $10,835.79 $1,521.91 $0.00 $61.27 $12,418.97
9 $12,418.97 $1,521.91 $0.00 $70.22 $14,011.10
10 $14,011.10 $1,521.91 $0.00 $79.22 $15,612.23
11 $15,612.23 $1,521.91 $0.00 $88.27 $17,222.41
12 $17,222.41 $1,521.91 $0.00 $97.38 $18,841.70
13 $18,841.70 $1,521.91 $0.00 $106.53 $20,470.14
14 $20,470.14 $1,521.91 $0.00 $115.74 $22,107.79
15 $22,107.79 $1,521.91 $0.00 $125.00 $23,754.70
16 $23,754.70 $1,521.91 $0.00 $134.31 $25,410.92
17 $25,410.92 $1,521.91 $0.00 $143.68 $27,076.51
18 $27,076.51 $1,521.91 $0.00 $153.09 $28,751.51
19 $28,751.51 $1,521.91 $0.00 $162.57 $30,435.99
20 $30,435.99 $1,521.91 $0.00 $172.09 $32,129.99
21 $32,129.99 $1,521.91 $0.00 $181.67 $33,833.57
22 $33,833.57 $1,521.91 $0.00 $191.30 $35,546.78
23 $35,546.78 $1,521.91 $0.00 $200.99 $37,269.68
24 $37,269.68 $1,521.91 $0.00 $210.73 $39,002.32
25 $39,002.32 $1,521.91 $0.00 $220.52 $40,744.75
26 $40,744.75 $1,521.91 $0.00 $230.38 $42,497.04
27 $42,497.04 $1,521.91 $0.00 $240.28 $44,259.23
28 $44,259.23 $1,521.91 $0.00 $250.25 $46,031.39
29 $46,031.39 $1,521.91 $0.00 $260.27 $47,813.57
30 $47,813.57 $1,521.91 $0.00 $270.34 $49,605.82
31 $49,605.82 $1,521.91 $0.00 $280.48 $51,408.21
32 $51,408.21 $1,521.91 $0.00 $290.67 $53,220.79
33 $53,220.79 $1,521.91 $0.00 $300.92 $55,043.62
34 $55,043.62 $1,521.91 $0.00 $311.22 $56,876.75
35 $56,876.75 $1,521.91 $0.00 $321.59 $58,720.25
36 $58,720.25 $1,521.91 $0.00 $332.01 $60,574.17
37 $60,574.17 $1,521.91 $0.00 $342.50 $62,438.58
38 $62,438.58 $1,521.91 $0.00 $353.04 $64,313.53
39 $64,313.53 $1,521.91 $0.00 $363.64 $66,199.08
40 $66,199.08 $1,521.91 $0.00 $374.30 $68,095.29
41 $68,095.29 $1,521.91 $0.00 $385.02 $70,002.22
42 $70,002.22 $1,521.91 $0.00 $395.80 $71,919.93
43 $71,919.93 $1,521.91 $0.00 $406.65 $73,848.49
44 $73,848.49 $1,521.91 $0.00 $417.55 $75,787.95
45 $75,787.95 $1,521.91 $0.00 $428.52 $77,738.38
46 $77,738.38 $1,521.91 $0.00 $439.54 $79,699.83
47 $79,699.83 $1,521.91 $0.00 $450.63 $81,672.37
48 $81,672.37 $1,521.91 $0.00 $461.79 $83,656.07
49 $83,656.07 $1,521.91 $0.00 $473.00 $85,650.98
50 $85,650.98 $1,521.91 $0.00 $484.28 $87,657.17
51 $87,657.17 $1,521.91 $0.00 $495.63 $89,674.71
52 $89,674.71 $1,521.91 $0.00 $507.03 $91,703.65
53 $91,703.65 $1,521.91 $0.00 $518.51 $93,744.07
54 $93,744.07 $1,521.91 $0.00 $530.04 $95,796.02
55 $95,796.02 $1,521.91 $0.00 $541.64 $97,859.57
56 $97,859.57 $1,521.91 $0.00 $553.31 $99,934.79
57 $99,934.79 $1,521.91 $0.00 $565.05 $102,021.75
58 $102,021.75 $1,521.91 $0.00 $576.85 $104,120.51
59 $104,120.51 $1,521.91 $0.00 $588.71 $106,231.13
60 $106,231.13 $1,521.91 $0.00 $600.65 $108,353.69
61 $108,353.69 $1,521.91 $0.00 $612.65 $110,488.25
62 $110,488.25 $1,521.91 $0.00 $624.72 $112,634.88
63 $112,634.88 $1,521.91 $0.00 $636.85 $114,793.64
64 $114,793.64 $1,521.91 $0.00 $649.06 $116,964.61
65 $116,964.61 $1,521.91 $0.00 $661.33 $119,147.85
66 $119,147.85 $1,521.91 $0.00 $673.68 $121,343.44
67 $121,343.44 $1,521.91 $0.00 $686.09 $123,551.44
68 $123,551.44 $1,521.91 $0.00 $698.58 $125,771.93
69 $125,771.93 $1,521.91 $0.00 $711.13 $128,004.97
70 $128,004.97 $1,521.91 $0.00 $723.76 $130,250.64
71 $130,250.64 $1,521.91 $0.00 $736.46 $132,509.01
72 $132,509.01 $1,521.91 $0.00 $749.23 $134,780.15
73 $134,780.15 $1,521.91 $0.00 $762.07 $137,064.13
74 $137,064.13 $1,521.91 $0.00 $774.98 $139,361.02
75 $139,361.02 $1,521.91 $0.00 $787.97 $141,670.90
76 $141,670.90 $1,521.91 $0.00 $801.03 $143,993.84
77 $143,993.84 $1,521.91 $0.00 $814.16 $146,329.91
78 $146,329.91 $1,521.91 $0.00 $827.37 $148,679.19
79 $148,679.19 $1,521.91 $0.00 $840.65 $151,041.75
80 $151,041.75 $1,521.91 $0.00 $854.01 $153,417.67
81 $153,417.67 $1,521.91 $0.00 $867.45 $155,807.03
82 $155,807.03 $1,521.91 $0.00 $880.96 $158,209.90
83 $158,209.90 $1,521.91 $0.00 $894.54 $160,626.35
84 $160,626.35 $1,521.91 $0.00 $908.20 $163,056.46
85 $163,056.46 $1,521.91 $0.00 $921.94 $165,500.31
86 $165,500.31 $1,521.91 $0.00 $935.76 $167,957.98
87 $167,957.98 $1,521.91 $0.00 $949.66 $170,429.55
88 $170,429.55 $1,521.91 $0.00 $963.63 $172,915.09
89 $172,915.09 $1,521.91 $0.00 $977.69 $175,414.69
90 $175,414.69 $1,521.91 $0.00 $991.82 $177,928.42
91 $177,928.42 $1,521.91 $0.00 $1,006.03 $180,456.36
92 $180,456.36 $1,521.91 $0.00 $1,020.33 $182,998.60
93 $182,998.60 $1,521.91 $0.00 $1,034.70 $185,555.21
94 $185,555.21 $1,521.91 $0.00 $1,049.16 $188,126.28
95 $188,126.28 $1,521.91 $0.00 $1,063.69 $190,711.88
96 $190,711.88 $1,521.91 $0.00 $1,078.31 $193,312.10
97 $193,312.10 $1,521.91 $0.00 $1,093.01 $195,927.02
98 $195,927.02 $1,521.91 $0.00 $1,107.80 $198,556.73
99 $198,556.73 $1,521.91 $0.00 $1,122.67 $201,201.31
100 $201,201.31 $1,521.91 $0.00 $1,137.62 $203,860.84
101 $203,860.84 $1,521.91 $0.00 $1,152.66 $206,535.41
102 $206,535.41 $1,521.91 $0.00 $1,167.78 $209,225.10
103 $209,225.10 $1,521.91 $0.00 $1,182.99 $211,930.00
104 $211,930.00 $1,521.91 $0.00 $1,198.28 $214,650.19
105 $214,650.19 $1,521.91 $0.00 $1,213.66 $217,385.76
106 $217,385.76 $1,521.91 $0.00 $1,229.13 $220,136.80
107 $220,136.80 $1,521.91 $0.00 $1,244.69 $222,903.40
108 $222,903.40 $1,521.91 $0.00 $1,260.33 $225,685.64
109 $225,685.64 $1,521.91 $0.00 $1,276.06 $228,483.61
110 $228,483.61 $1,521.91 $0.00 $1,291.88 $231,297.40
111 $231,297.40 $1,521.91 $0.00 $1,307.79 $234,127.10
112 $234,127.10 $1,521.91 $0.00 $1,323.79 $236,972.80
113 $236,972.80 $1,521.91 $0.00 $1,339.88 $239,834.59
114 $239,834.59 $1,521.91 $0.00 $1,356.06 $242,712.56
115 $242,712.56 $1,521.91 $0.00 $1,372.33 $245,606.80
116 $245,606.80 $1,521.91 $0.00 $1,388.70 $248,517.41
117 $248,517.41 $1,521.91 $0.00 $1,405.15 $251,444.47
118 $251,444.47 $1,521.91 $0.00 $1,421.70 $254,388.08
119 $254,388.08 $1,521.91 $0.00 $1,438.35 $257,348.34
120 $257,348.34 $1,521.91 $0.00 $1,455.08 $260,325.33
121 $260,325.33 $1,521.91 $0.00 $1,471.92 $263,319.16
122 $263,319.16 $1,521.91 $0.00 $1,488.84 $266,329.91
123 $266,329.91 $1,521.91 $0.00 $1,505.87 $269,357.69
124 $269,357.69 $1,521.91 $0.00 $1,522.99 $272,402.59
125 $272,402.59 $1,521.91 $0.00 $1,540.20 $275,464.70
126 $275,464.70 $1,521.91 $0.00 $1,557.52 $278,544.13
127 $278,544.13 $1,521.91 $0.00 $1,574.93 $281,640.97
128 $281,640.97 $1,521.91 $0.00 $1,592.44 $284,755.32
129 $284,755.32 $1,521.91 $0.00 $1,610.05 $287,887.28
130 $287,887.28 $1,521.91 $0.00 $1,627.76 $291,036.95
131 $291,036.95 $1,521.91 $0.00 $1,645.57 $294,204.43
132 $294,204.43 $1,521.91 $0.00 $1,663.47 $297,389.81
133 $297,389.81 $1,521.91 $0.00 $1,681.49 $300,593.21
134 $300,593.21 $1,521.91 $0.00 $1,699.60 $303,814.72
135 $303,814.72 $1,521.91 $0.00 $1,717.81 $307,054.44
136 $307,054.44 $1,521.91 $0.00 $1,736.13 $310,312.48
137 $310,312.48 $1,521.91 $0.00 $1,754.55 $313,588.94
138 $313,588.94 $1,521.91 $0.00 $1,773.08 $316,883.93
139 $316,883.93 $1,521.91 $0.00 $1,791.71 $320,197.55
140 $320,197.55 $1,521.91 $0.00 $1,810.44 $323,529.90
141 $323,529.90 $1,521.91 $0.00 $1,829.29 $326,881.10
142 $326,881.10 $1,521.91 $0.00 $1,848.23 $330,251.24
143 $330,251.24 $1,521.91 $0.00 $1,867.29 $333,640.44
144 $333,640.44 $1,521.91 $0.00 $1,886.45 $337,048.80
145 $337,048.80 $1,521.91 $0.00 $1,905.72 $340,476.43
146 $340,476.43 $1,521.91 $0.00 $1,925.10 $343,923.44
147 $343,923.44 $1,521.91 $0.00 $1,944.59 $347,389.94
148 $347,389.94 $1,521.91 $0.00 $1,964.19 $350,876.04
149 $350,876.04 $1,521.91 $0.00 $1,983.90 $354,381.85
150 $354,381.85 $1,521.91 $0.00 $2,003.73 $357,907.49
151 $357,907.49 $1,521.91 $0.00 $2,023.66 $361,453.06
152 $361,453.06 $1,521.91 $0.00 $2,043.71 $365,018.68
153 $365,018.68 $1,521.91 $0.00 $2,063.87 $368,604.46
154 $368,604.46 $1,521.91 $0.00 $2,084.14 $372,210.51
155 $372,210.51 $1,521.91 $0.00 $2,104.53 $375,836.95
156 $375,836.95 $1,521.91 $0.00 $2,125.04 $379,483.90
157 $379,483.90 $1,521.91 $0.00 $2,145.66 $383,151.47
158 $383,151.47 $1,521.91 $0.00 $2,166.39 $386,839.77
159 $386,839.77 $1,521.91 $0.00 $2,187.25 $390,548.93
160 $390,548.93 $1,521.91 $0.00 $2,208.22 $394,279.06
161 $394,279.06 $1,521.91 $0.00 $2,229.31 $398,030.28
162 $398,030.28 $1,521.91 $0.00 $2,250.52 $401,802.71
163 $401,802.71 $1,521.91 $0.00 $2,271.85 $405,596.47
164 $405,596.47 $1,521.91 $0.00 $2,293.30 $409,411.68
165 $409,411.68 $1,521.91 $0.00 $2,314.87 $413,248.46
166 $413,248.46 $1,521.91 $0.00 $2,336.57 $417,106.94
167 $417,106.94 $1,521.91 $0.00 $2,358.38 $420,987.23
168 $420,987.23 $1,521.91 $0.00 $2,380.32 $424,889.46
169 $424,889.46 $1,521.91 $0.00 $2,402.39 $428,813.76
170 $428,813.76 $1,521.91 $0.00 $2,424.58 $432,760.25
171 $432,760.25 $1,521.91 $0.00 $2,446.89 $436,729.05
172 $436,729.05 $1,521.91 $0.00 $2,469.33 $440,720.29
173 $440,720.29 $1,521.91 $0.00 $2,491.90 $444,734.10
174 $444,734.10 $1,521.91 $0.00 $2,514.59 $448,770.60
175 $448,770.60 $1,521.91 $0.00 $2,537.41 $452,829.92
176 $452,829.92 $1,521.91 $0.00 $2,560.37 $456,912.20
177 $456,912.20 $1,521.91 $0.00 $2,583.45 $461,017.56
178 $461,017.56 $1,521.91 $0.00 $2,606.66 $465,146.13
179 $465,146.13 $1,521.91 $0.00 $2,630.00 $469,298.04
180 $469,298.04 $1,521.91 $0.00 $2,653.48 $473,473.43
181 $473,473.43 $1,521.91 $0.00 $2,677.09 $477,672.43
182 $477,672.43 $1,521.91 $0.00 $2,700.83 $481,895.17
183 $481,895.17 $1,521.91 $0.00 $2,724.71 $486,141.79
184 $486,141.79 $1,521.91 $0.00 $2,748.72 $490,412.42
185 $490,412.42 $1,521.91 $0.00 $2,772.86 $494,707.19
186 $494,707.19 $1,521.91 $0.00 $2,797.15 $499,026.25
187 $499,026.25 $1,521.91 $0.00 $2,821.57 $503,369.73
188 $503,369.73 $1,521.91 $0.00 $2,846.13 $507,737.77
189 $507,737.77 $1,521.91 $0.00 $2,870.82 $512,130.50
190 $512,130.50 $1,521.91 $0.00 $2,895.66 $516,548.07
191 $516,548.07 $1,521.91 $0.00 $2,920.64 $520,990.62
192 $520,990.62 $1,521.91 $0.00 $2,945.76 $525,458.29
193 $525,458.29 $1,521.91 $0.00 $2,971.02 $529,951.22
194 $529,951.22 $1,521.91 $0.00 $2,996.42 $534,469.55
195 $534,469.55 $1,521.91 $0.00 $3,021.97 $539,013.43
196 $539,013.43 $1,521.91 $0.00 $3,047.66 $543,583.00
197 $543,583.00 $1,521.91 $0.00 $3,073.50 $548,178.41
198 $548,178.41 $1,521.91 $0.00 $3,099.48 $552,799.80
199 $552,799.80 $1,521.91 $0.00 $3,125.61 $557,447.32
200 $557,447.32 $1,521.91 $0.00 $3,151.89 $562,121.12
201 $562,121.12 $1,521.91 $0.00 $3,178.31 $566,821.34
202 $566,821.34 $1,521.91 $0.00 $3,204.89 $571,548.14
203 $571,548.14 $1,521.91 $0.00 $3,231.62 $576,301.67
204 $576,301.67 $1,521.91 $0.00 $3,258.49 $581,082.07
205 $581,082.07 $1,521.91 $0.00 $3,285.52 $585,889.50
206 $585,889.50 $1,521.91 $0.00 $3,312.70 $590,724.11
207 $590,724.11 $1,521.91 $0.00 $3,340.04 $595,586.06
208 $595,586.06 $1,521.91 $0.00 $3,367.53 $600,475.50
209 $600,475.50 $1,521.91 $0.00 $3,395.18 $605,392.59
210 $605,392.59 $1,521.91 $0.00 $3,422.98 $610,337.48
211 $610,337.48 $1,521.91 $0.00 $3,450.94 $615,310.33
212 $615,310.33 $1,521.91 $0.00 $3,479.05 $620,311.29
213 $620,311.29 $1,521.91 $0.00 $3,507.33 $625,340.53
214 $625,340.53 $1,521.91 $0.00 $3,535.77 $630,398.21
215 $630,398.21 $1,521.91 $0.00 $3,564.36 $635,484.48
216 $635,484.48 $1,521.91 $0.00 $3,593.12 $640,599.51
217 $640,599.51 $1,521.91 $178,426.75 $3,622.04 $467,316.71
218 $467,316.71 $1,521.91 $0.00 $2,642.28 $471,480.90
219 $471,480.90 $1,521.91 $0.00 $2,665.82 $475,668.63
220 $475,668.63 $1,521.91 $0.00 $2,689.50 $479,880.04
221 $479,880.04 $1,521.91 $0.00 $2,713.31 $484,115.26
222 $484,115.26 $1,521.91 $0.00 $2,737.26 $488,374.43
223 $488,374.43 $1,521.91 $0.00 $2,761.34 $492,657.68
224 $492,657.68 $1,521.91 $0.00 $2,785.56 $496,965.15
225 $496,965.15 $1,521.91 $0.00 $2,809.91 $501,296.97
226 $501,296.97 $1,521.91 $0.00 $2,834.41 $505,653.29
227 $505,653.29 $1,521.91 $0.00 $2,859.04 $510,034.24
228 $510,034.24 $1,521.91 $0.00 $2,883.81 $514,439.96
229 $514,439.96 $1,521.91 $187,348.09 $2,908.72 $331,522.50
230 $331,522.50 $1,521.91 $0.00 $1,874.48 $334,918.89
231 $334,918.89 $1,521.91 $0.00 $1,893.68 $338,334.48
232 $338,334.48 $1,521.91 $0.00 $1,912.99 $341,769.38
233 $341,769.38 $1,521.91 $0.00 $1,932.41 $345,223.70
234 $345,223.70 $1,521.91 $0.00 $1,951.94 $348,697.55
235 $348,697.55 $1,521.91 $0.00 $1,971.59 $352,191.05
236 $352,191.05 $1,521.91 $0.00 $1,991.34 $355,704.30
237 $355,704.30 $1,521.91 $0.00 $2,011.20 $359,237.41
238 $359,237.41 $1,521.91 $0.00 $2,031.18 $362,790.50
239 $362,790.50 $1,521.91 $0.00 $2,051.27 $366,363.68
240 $366,363.68 $1,521.91 $0.00 $2,071.47 $369,957.06
241 $369,957.06 $1,521.91 $196,715.49 $2,091.79 $176,855.27
242 $176,855.27 $1,521.91 $0.00 $999.97 $179,377.15
243 $179,377.15 $1,521.91 $0.00 $1,014.22 $181,913.28
244 $181,913.28 $1,521.91 $0.00 $1,028.56 $184,463.75
245 $184,463.75 $1,521.91 $0.00 $1,042.98 $187,028.64
246 $187,028.64 $1,521.91 $0.00 $1,057.49 $189,608.04
247 $189,608.04 $1,521.91 $0.00 $1,072.07 $192,202.02
248 $192,202.02 $1,521.91 $0.00 $1,086.74 $194,810.67
249 $194,810.67 $1,521.91 $0.00 $1,101.49 $197,434.07
250 $197,434.07 $1,521.91 $0.00 $1,116.32 $200,072.30
251 $200,072.30 $1,521.91 $0.00 $1,131.24 $202,725.45
252 $202,725.45 $1,521.91 $0.00 $1,146.24 $205,393.60
253 $205,393.60 $0.00 $206,551.27 $1,161.33 $3.66