Savings Plan and Future Cost Estimation for The King's College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$155,989
Monthly savings required$1,235

How much will it cost to send your child to The King's College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $623,956.83 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,234.78 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$60,153.00
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 $1,234.78 $0.00 $0.00 $1,234.78
2 $1,234.78 $1,234.78 $0.00 $6.98 $2,476.54
3 $2,476.54 $1,234.78 $0.00 $14.00 $3,725.32
4 $3,725.32 $1,234.78 $0.00 $21.06 $4,981.16
5 $4,981.16 $1,234.78 $0.00 $28.16 $6,244.10
6 $6,244.10 $1,234.78 $0.00 $35.31 $7,514.19
7 $7,514.19 $1,234.78 $0.00 $42.49 $8,791.46
8 $8,791.46 $1,234.78 $0.00 $49.71 $10,075.95
9 $10,075.95 $1,234.78 $0.00 $56.97 $11,367.70
10 $11,367.70 $1,234.78 $0.00 $64.27 $12,666.75
11 $12,666.75 $1,234.78 $0.00 $71.62 $13,973.15
12 $13,973.15 $1,234.78 $0.00 $79.01 $15,286.94
13 $15,286.94 $1,234.78 $0.00 $86.43 $16,608.15
14 $16,608.15 $1,234.78 $0.00 $93.90 $17,936.83
15 $17,936.83 $1,234.78 $0.00 $101.42 $19,273.03
16 $19,273.03 $1,234.78 $0.00 $108.97 $20,616.78
17 $20,616.78 $1,234.78 $0.00 $116.57 $21,968.13
18 $21,968.13 $1,234.78 $0.00 $124.21 $23,327.12
19 $23,327.12 $1,234.78 $0.00 $131.89 $24,693.79
20 $24,693.79 $1,234.78 $0.00 $139.62 $26,068.19
21 $26,068.19 $1,234.78 $0.00 $147.39 $27,450.36
22 $27,450.36 $1,234.78 $0.00 $155.21 $28,840.35
23 $28,840.35 $1,234.78 $0.00 $163.07 $30,238.20
24 $30,238.20 $1,234.78 $0.00 $170.97 $31,643.95
25 $31,643.95 $1,234.78 $0.00 $178.92 $33,057.65
26 $33,057.65 $1,234.78 $0.00 $186.91 $34,479.34
27 $34,479.34 $1,234.78 $0.00 $194.95 $35,909.07
28 $35,909.07 $1,234.78 $0.00 $203.04 $37,346.89
29 $37,346.89 $1,234.78 $0.00 $211.16 $38,792.83
30 $38,792.83 $1,234.78 $0.00 $219.34 $40,246.95
31 $40,246.95 $1,234.78 $0.00 $227.56 $41,709.29
32 $41,709.29 $1,234.78 $0.00 $235.83 $43,179.90
33 $43,179.90 $1,234.78 $0.00 $244.15 $44,658.83
34 $44,658.83 $1,234.78 $0.00 $252.51 $46,146.12
35 $46,146.12 $1,234.78 $0.00 $260.92 $47,641.82
36 $47,641.82 $1,234.78 $0.00 $269.37 $49,145.97
37 $49,145.97 $1,234.78 $0.00 $277.88 $50,658.63
38 $50,658.63 $1,234.78 $0.00 $286.43 $52,179.84
39 $52,179.84 $1,234.78 $0.00 $295.03 $53,709.65
40 $53,709.65 $1,234.78 $0.00 $303.68 $55,248.11
41 $55,248.11 $1,234.78 $0.00 $312.38 $56,795.27
42 $56,795.27 $1,234.78 $0.00 $321.13 $58,351.18
43 $58,351.18 $1,234.78 $0.00 $329.93 $59,915.89
44 $59,915.89 $1,234.78 $0.00 $338.77 $61,489.44
45 $61,489.44 $1,234.78 $0.00 $347.67 $63,071.89
46 $63,071.89 $1,234.78 $0.00 $356.62 $64,663.29
47 $64,663.29 $1,234.78 $0.00 $365.62 $66,263.69
48 $66,263.69 $1,234.78 $0.00 $374.66 $67,873.13
49 $67,873.13 $1,234.78 $0.00 $383.76 $69,491.67
50 $69,491.67 $1,234.78 $0.00 $392.92 $71,119.37
51 $71,119.37 $1,234.78 $0.00 $402.12 $72,756.27
52 $72,756.27 $1,234.78 $0.00 $411.37 $74,402.42
53 $74,402.42 $1,234.78 $0.00 $420.68 $76,057.88
54 $76,057.88 $1,234.78 $0.00 $430.04 $77,722.70
55 $77,722.70 $1,234.78 $0.00 $439.46 $79,396.94
56 $79,396.94 $1,234.78 $0.00 $448.92 $81,080.64
57 $81,080.64 $1,234.78 $0.00 $458.44 $82,773.86
58 $82,773.86 $1,234.78 $0.00 $468.02 $84,476.66
59 $84,476.66 $1,234.78 $0.00 $477.64 $86,189.08
60 $86,189.08 $1,234.78 $0.00 $487.33 $87,911.19
61 $87,911.19 $1,234.78 $0.00 $497.06 $89,643.03
62 $89,643.03 $1,234.78 $0.00 $506.85 $91,384.66
63 $91,384.66 $1,234.78 $0.00 $516.70 $93,136.14
64 $93,136.14 $1,234.78 $0.00 $526.61 $94,897.53
65 $94,897.53 $1,234.78 $0.00 $536.56 $96,668.87
66 $96,668.87 $1,234.78 $0.00 $546.58 $98,450.23
67 $98,450.23 $1,234.78 $0.00 $556.65 $100,241.66
68 $100,241.66 $1,234.78 $0.00 $566.78 $102,043.22
69 $102,043.22 $1,234.78 $0.00 $576.97 $103,854.97
70 $103,854.97 $1,234.78 $0.00 $587.21 $105,676.96
71 $105,676.96 $1,234.78 $0.00 $597.51 $107,509.25
72 $107,509.25 $1,234.78 $0.00 $607.87 $109,351.90
73 $109,351.90 $1,234.78 $0.00 $618.29 $111,204.97
74 $111,204.97 $1,234.78 $0.00 $628.77 $113,068.52
75 $113,068.52 $1,234.78 $0.00 $639.31 $114,942.61
76 $114,942.61 $1,234.78 $0.00 $649.90 $116,827.29
77 $116,827.29 $1,234.78 $0.00 $660.56 $118,722.63
78 $118,722.63 $1,234.78 $0.00 $671.28 $120,628.69
79 $120,628.69 $1,234.78 $0.00 $682.05 $122,545.52
80 $122,545.52 $1,234.78 $0.00 $692.89 $124,473.19
81 $124,473.19 $1,234.78 $0.00 $703.79 $126,411.76
82 $126,411.76 $1,234.78 $0.00 $714.75 $128,361.29
83 $128,361.29 $1,234.78 $0.00 $725.77 $130,321.84
84 $130,321.84 $1,234.78 $0.00 $736.86 $132,293.48
85 $132,293.48 $1,234.78 $0.00 $748.01 $134,276.27
86 $134,276.27 $1,234.78 $0.00 $759.22 $136,270.27
87 $136,270.27 $1,234.78 $0.00 $770.49 $138,275.54
88 $138,275.54 $1,234.78 $0.00 $781.83 $140,292.15
89 $140,292.15 $1,234.78 $0.00 $793.23 $142,320.16
90 $142,320.16 $1,234.78 $0.00 $804.70 $144,359.64
91 $144,359.64 $1,234.78 $0.00 $816.23 $146,410.65
92 $146,410.65 $1,234.78 $0.00 $827.83 $148,473.26
93 $148,473.26 $1,234.78 $0.00 $839.49 $150,547.53
94 $150,547.53 $1,234.78 $0.00 $851.22 $152,633.53
95 $152,633.53 $1,234.78 $0.00 $863.01 $154,731.32
96 $154,731.32 $1,234.78 $0.00 $874.87 $156,840.97
97 $156,840.97 $1,234.78 $0.00 $886.80 $158,962.55
98 $158,962.55 $1,234.78 $0.00 $898.80 $161,096.13
99 $161,096.13 $1,234.78 $0.00 $910.86 $163,241.77
100 $163,241.77 $1,234.78 $0.00 $922.99 $165,399.54
101 $165,399.54 $1,234.78 $0.00 $935.19 $167,569.51
102 $167,569.51 $1,234.78 $0.00 $947.46 $169,751.75
103 $169,751.75 $1,234.78 $0.00 $959.80 $171,946.33
104 $171,946.33 $1,234.78 $0.00 $972.21 $174,153.32
105 $174,153.32 $1,234.78 $0.00 $984.69 $176,372.79
106 $176,372.79 $1,234.78 $0.00 $997.24 $178,604.81
107 $178,604.81 $1,234.78 $0.00 $1,009.86 $180,849.45
108 $180,849.45 $1,234.78 $0.00 $1,022.55 $183,106.78
109 $183,106.78 $1,234.78 $0.00 $1,035.31 $185,376.87
110 $185,376.87 $1,234.78 $0.00 $1,048.15 $187,659.80
111 $187,659.80 $1,234.78 $0.00 $1,061.06 $189,955.64
112 $189,955.64 $1,234.78 $0.00 $1,074.04 $192,264.46
113 $192,264.46 $1,234.78 $0.00 $1,087.09 $194,586.33
114 $194,586.33 $1,234.78 $0.00 $1,100.22 $196,921.33
115 $196,921.33 $1,234.78 $0.00 $1,113.42 $199,269.53
116 $199,269.53 $1,234.78 $0.00 $1,126.70 $201,631.01
117 $201,631.01 $1,234.78 $0.00 $1,140.05 $204,005.84
118 $204,005.84 $1,234.78 $0.00 $1,153.48 $206,394.10
119 $206,394.10 $1,234.78 $0.00 $1,166.98 $208,795.86
120 $208,795.86 $1,234.78 $0.00 $1,180.56 $211,211.20
121 $211,211.20 $1,234.78 $0.00 $1,194.22 $213,640.20
122 $213,640.20 $1,234.78 $0.00 $1,207.95 $216,082.93
123 $216,082.93 $1,234.78 $0.00 $1,221.76 $218,539.47
124 $218,539.47 $1,234.78 $0.00 $1,235.65 $221,009.90
125 $221,009.90 $1,234.78 $0.00 $1,249.62 $223,494.30
126 $223,494.30 $1,234.78 $0.00 $1,263.67 $225,992.75
127 $225,992.75 $1,234.78 $0.00 $1,277.80 $228,505.33
128 $228,505.33 $1,234.78 $0.00 $1,292.00 $231,032.11
129 $231,032.11 $1,234.78 $0.00 $1,306.29 $233,573.18
130 $233,573.18 $1,234.78 $0.00 $1,320.66 $236,128.62
131 $236,128.62 $1,234.78 $0.00 $1,335.11 $238,698.51
132 $238,698.51 $1,234.78 $0.00 $1,349.64 $241,282.93
133 $241,282.93 $1,234.78 $0.00 $1,364.25 $243,881.96
134 $243,881.96 $1,234.78 $0.00 $1,378.94 $246,495.68
135 $246,495.68 $1,234.78 $0.00 $1,393.72 $249,124.18
136 $249,124.18 $1,234.78 $0.00 $1,408.58 $251,767.54
137 $251,767.54 $1,234.78 $0.00 $1,423.53 $254,425.85
138 $254,425.85 $1,234.78 $0.00 $1,438.56 $257,099.19
139 $257,099.19 $1,234.78 $0.00 $1,453.68 $259,787.65
140 $259,787.65 $1,234.78 $0.00 $1,468.88 $262,491.31
141 $262,491.31 $1,234.78 $0.00 $1,484.16 $265,210.25
142 $265,210.25 $1,234.78 $0.00 $1,499.54 $267,944.57
143 $267,944.57 $1,234.78 $0.00 $1,515.00 $270,694.35
144 $270,694.35 $1,234.78 $0.00 $1,530.55 $273,459.68
145 $273,459.68 $1,234.78 $0.00 $1,546.18 $276,240.64
146 $276,240.64 $1,234.78 $0.00 $1,561.90 $279,037.32
147 $279,037.32 $1,234.78 $0.00 $1,577.72 $281,849.82
148 $281,849.82 $1,234.78 $0.00 $1,593.62 $284,678.22
149 $284,678.22 $1,234.78 $0.00 $1,609.61 $287,522.61
150 $287,522.61 $1,234.78 $0.00 $1,625.69 $290,383.08
151 $290,383.08 $1,234.78 $0.00 $1,641.87 $293,259.73
152 $293,259.73 $1,234.78 $0.00 $1,658.13 $296,152.64
153 $296,152.64 $1,234.78 $0.00 $1,674.49 $299,061.91
154 $299,061.91 $1,234.78 $0.00 $1,690.94 $301,987.63
155 $301,987.63 $1,234.78 $0.00 $1,707.48 $304,929.89
156 $304,929.89 $1,234.78 $0.00 $1,724.12 $307,888.79
157 $307,888.79 $1,234.78 $0.00 $1,740.85 $310,864.42
158 $310,864.42 $1,234.78 $0.00 $1,757.67 $313,856.87
159 $313,856.87 $1,234.78 $0.00 $1,774.59 $316,866.24
160 $316,866.24 $1,234.78 $0.00 $1,791.61 $319,892.63
161 $319,892.63 $1,234.78 $0.00 $1,808.72 $322,936.13
162 $322,936.13 $1,234.78 $0.00 $1,825.93 $325,996.84
163 $325,996.84 $1,234.78 $0.00 $1,843.23 $329,074.85
164 $329,074.85 $1,234.78 $0.00 $1,860.64 $332,170.27
165 $332,170.27 $1,234.78 $0.00 $1,878.14 $335,283.19
166 $335,283.19 $1,234.78 $0.00 $1,895.74 $338,413.71
167 $338,413.71 $1,234.78 $0.00 $1,913.44 $341,561.93
168 $341,561.93 $1,234.78 $0.00 $1,931.24 $344,727.95
169 $344,727.95 $1,234.78 $0.00 $1,949.14 $347,911.87
170 $347,911.87 $1,234.78 $0.00 $1,967.14 $351,113.79
171 $351,113.79 $1,234.78 $0.00 $1,985.25 $354,333.82
172 $354,333.82 $1,234.78 $0.00 $2,003.45 $357,572.05
173 $357,572.05 $1,234.78 $0.00 $2,021.76 $360,828.59
174 $360,828.59 $1,234.78 $0.00 $2,040.18 $364,103.55
175 $364,103.55 $1,234.78 $0.00 $2,058.69 $367,397.02
176 $367,397.02 $1,234.78 $0.00 $2,077.32 $370,709.12
177 $370,709.12 $1,234.78 $0.00 $2,096.04 $374,039.94
178 $374,039.94 $1,234.78 $0.00 $2,114.88 $377,389.60
179 $377,389.60 $1,234.78 $0.00 $2,133.82 $380,758.20
180 $380,758.20 $1,234.78 $0.00 $2,152.86 $384,145.84
181 $384,145.84 $1,234.78 $0.00 $2,172.02 $387,552.64
182 $387,552.64 $1,234.78 $0.00 $2,191.28 $390,978.70
183 $390,978.70 $1,234.78 $0.00 $2,210.65 $394,424.13
184 $394,424.13 $1,234.78 $0.00 $2,230.13 $397,889.04
185 $397,889.04 $1,234.78 $0.00 $2,249.72 $401,373.54
186 $401,373.54 $1,234.78 $0.00 $2,269.42 $404,877.74
187 $404,877.74 $1,234.78 $0.00 $2,289.24 $408,401.76
188 $408,401.76 $1,234.78 $0.00 $2,309.16 $411,945.70
189 $411,945.70 $1,234.78 $0.00 $2,329.20 $415,509.68
190 $415,509.68 $1,234.78 $0.00 $2,349.35 $419,093.81
191 $419,093.81 $1,234.78 $0.00 $2,369.62 $422,698.21
192 $422,698.21 $1,234.78 $0.00 $2,390.00 $426,322.99
193 $426,322.99 $1,234.78 $0.00 $2,410.49 $429,968.26
194 $429,968.26 $1,234.78 $0.00 $2,431.10 $433,634.14
195 $433,634.14 $1,234.78 $0.00 $2,451.83 $437,320.75
196 $437,320.75 $1,234.78 $0.00 $2,472.68 $441,028.21
197 $441,028.21 $1,234.78 $0.00 $2,493.64 $444,756.63
198 $444,756.63 $1,234.78 $0.00 $2,514.72 $448,506.13
199 $448,506.13 $1,234.78 $0.00 $2,535.92 $452,276.83
200 $452,276.83 $1,234.78 $0.00 $2,557.24 $456,068.85
201 $456,068.85 $1,234.78 $0.00 $2,578.68 $459,882.31
202 $459,882.31 $1,234.78 $0.00 $2,600.24 $463,717.33
203 $463,717.33 $1,234.78 $0.00 $2,621.93 $467,574.04
204 $467,574.04 $1,234.78 $0.00 $2,643.73 $471,452.55
205 $471,452.55 $1,234.78 $0.00 $2,665.66 $475,352.99
206 $475,352.99 $1,234.78 $0.00 $2,687.71 $479,275.48
207 $479,275.48 $1,234.78 $0.00 $2,709.89 $483,220.15
208 $483,220.15 $1,234.78 $0.00 $2,732.20 $487,187.13
209 $487,187.13 $1,234.78 $0.00 $2,754.63 $491,176.54
210 $491,176.54 $1,234.78 $0.00 $2,777.18 $495,188.50
211 $495,188.50 $1,234.78 $0.00 $2,799.87 $499,223.15
212 $499,223.15 $1,234.78 $0.00 $2,822.68 $503,280.61
213 $503,280.61 $1,234.78 $0.00 $2,845.62 $507,361.01
214 $507,361.01 $1,234.78 $0.00 $2,868.69 $511,464.48
215 $511,464.48 $1,234.78 $0.00 $2,891.89 $515,591.15
216 $515,591.15 $1,234.78 $0.00 $2,915.23 $519,741.16
217 $519,741.16 $1,234.78 $144,765.37 $2,938.69 $379,149.26
218 $379,149.26 $1,234.78 $0.00 $2,143.77 $382,527.81
219 $382,527.81 $1,234.78 $0.00 $2,162.87 $385,925.46
220 $385,925.46 $1,234.78 $0.00 $2,182.08 $389,342.32
221 $389,342.32 $1,234.78 $0.00 $2,201.40 $392,778.50
222 $392,778.50 $1,234.78 $0.00 $2,220.83 $396,234.11
223 $396,234.11 $1,234.78 $0.00 $2,240.37 $399,709.26
224 $399,709.26 $1,234.78 $0.00 $2,260.01 $403,204.05
225 $403,204.05 $1,234.78 $0.00 $2,279.77 $406,718.60
226 $406,718.60 $1,234.78 $0.00 $2,299.65 $410,253.03
227 $410,253.03 $1,234.78 $0.00 $2,319.63 $413,807.44
228 $413,807.44 $1,234.78 $0.00 $2,339.73 $417,381.95
229 $417,381.95 $1,234.78 $152,003.64 $2,359.94 $268,973.03
230 $268,973.03 $1,234.78 $0.00 $1,520.81 $271,728.62
231 $271,728.62 $1,234.78 $0.00 $1,536.39 $274,499.79
232 $274,499.79 $1,234.78 $0.00 $1,552.06 $277,286.63
233 $277,286.63 $1,234.78 $0.00 $1,567.82 $280,089.23
234 $280,089.23 $1,234.78 $0.00 $1,583.67 $282,907.68
235 $282,907.68 $1,234.78 $0.00 $1,599.60 $285,742.06
236 $285,742.06 $1,234.78 $0.00 $1,615.63 $288,592.47
237 $288,592.47 $1,234.78 $0.00 $1,631.74 $291,458.99
238 $291,458.99 $1,234.78 $0.00 $1,647.95 $294,341.72
239 $294,341.72 $1,234.78 $0.00 $1,664.25 $297,240.75
240 $297,240.75 $1,234.78 $0.00 $1,680.64 $300,156.17
241 $300,156.17 $1,234.78 $159,603.82 $1,697.13 $143,484.26
242 $143,484.26 $1,234.78 $0.00 $811.28 $145,530.32
243 $145,530.32 $1,234.78 $0.00 $822.85 $147,587.95
244 $147,587.95 $1,234.78 $0.00 $834.48 $149,657.21
245 $149,657.21 $1,234.78 $0.00 $846.18 $151,738.17
246 $151,738.17 $1,234.78 $0.00 $857.95 $153,830.90
247 $153,830.90 $1,234.78 $0.00 $869.78 $155,935.46
248 $155,935.46 $1,234.78 $0.00 $881.68 $158,051.92
249 $158,051.92 $1,234.78 $0.00 $893.65 $160,180.35
250 $160,180.35 $1,234.78 $0.00 $905.68 $162,320.81
251 $162,320.81 $1,234.78 $0.00 $917.79 $164,473.38
252 $164,473.38 $1,234.78 $0.00 $929.96 $166,638.12
253 $166,638.12 $0.00 $167,584.01 $942.20 ($3.69)