Savings Plan and Future Cost Estimation for The New School

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$204,200
Monthly savings required$1,616

How much will it cost to send your child to The New School in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $816,798.10 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,616.41 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$78,744.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

Update Your Savings Plan

Discover how much will you need to start saving now to afford The New School in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,616.41 $0.00 $0.00 $1,616.41
2 $1,616.41 $1,616.41 $0.00 $9.14 $3,241.96
3 $3,241.96 $1,616.41 $0.00 $18.33 $4,876.70
4 $4,876.70 $1,616.41 $0.00 $27.57 $6,520.68
5 $6,520.68 $1,616.41 $0.00 $36.87 $8,173.96
6 $8,173.96 $1,616.41 $0.00 $46.22 $9,836.59
7 $9,836.59 $1,616.41 $0.00 $55.62 $11,508.62
8 $11,508.62 $1,616.41 $0.00 $65.07 $13,190.10
9 $13,190.10 $1,616.41 $0.00 $74.58 $14,881.09
10 $14,881.09 $1,616.41 $0.00 $84.14 $16,581.64
11 $16,581.64 $1,616.41 $0.00 $93.76 $18,291.81
12 $18,291.81 $1,616.41 $0.00 $103.42 $20,011.64
13 $20,011.64 $1,616.41 $0.00 $113.15 $21,741.20
14 $21,741.20 $1,616.41 $0.00 $122.93 $23,480.54
15 $23,480.54 $1,616.41 $0.00 $132.76 $25,229.71
16 $25,229.71 $1,616.41 $0.00 $142.65 $26,988.77
17 $26,988.77 $1,616.41 $0.00 $152.60 $28,757.78
18 $28,757.78 $1,616.41 $0.00 $162.60 $30,536.79
19 $30,536.79 $1,616.41 $0.00 $172.66 $32,325.86
20 $32,325.86 $1,616.41 $0.00 $182.78 $34,125.05
21 $34,125.05 $1,616.41 $0.00 $192.95 $35,934.41
22 $35,934.41 $1,616.41 $0.00 $203.18 $37,754.00
23 $37,754.00 $1,616.41 $0.00 $213.47 $39,583.88
24 $39,583.88 $1,616.41 $0.00 $223.81 $41,424.10
25 $41,424.10 $1,616.41 $0.00 $234.22 $43,274.73
26 $43,274.73 $1,616.41 $0.00 $244.68 $45,135.82
27 $45,135.82 $1,616.41 $0.00 $255.20 $47,007.43
28 $47,007.43 $1,616.41 $0.00 $265.79 $48,889.63
29 $48,889.63 $1,616.41 $0.00 $276.43 $50,782.47
30 $50,782.47 $1,616.41 $0.00 $287.13 $52,686.01
31 $52,686.01 $1,616.41 $0.00 $297.89 $54,600.31
32 $54,600.31 $1,616.41 $0.00 $308.72 $56,525.44
33 $56,525.44 $1,616.41 $0.00 $319.60 $58,461.45
34 $58,461.45 $1,616.41 $0.00 $330.55 $60,408.41
35 $60,408.41 $1,616.41 $0.00 $341.56 $62,366.38
36 $62,366.38 $1,616.41 $0.00 $352.63 $64,335.42
37 $64,335.42 $1,616.41 $0.00 $363.76 $66,315.59
38 $66,315.59 $1,616.41 $0.00 $374.96 $68,306.96
39 $68,306.96 $1,616.41 $0.00 $386.22 $70,309.59
40 $70,309.59 $1,616.41 $0.00 $397.54 $72,323.54
41 $72,323.54 $1,616.41 $0.00 $408.93 $74,348.88
42 $74,348.88 $1,616.41 $0.00 $420.38 $76,385.67
43 $76,385.67 $1,616.41 $0.00 $431.90 $78,433.98
44 $78,433.98 $1,616.41 $0.00 $443.48 $80,493.87
45 $80,493.87 $1,616.41 $0.00 $455.12 $82,565.40
46 $82,565.40 $1,616.41 $0.00 $466.84 $84,648.65
47 $84,648.65 $1,616.41 $0.00 $478.62 $86,743.68
48 $86,743.68 $1,616.41 $0.00 $490.46 $88,850.55
49 $88,850.55 $1,616.41 $0.00 $502.37 $90,969.33
50 $90,969.33 $1,616.41 $0.00 $514.35 $93,100.09
51 $93,100.09 $1,616.41 $0.00 $526.40 $95,242.90
52 $95,242.90 $1,616.41 $0.00 $538.52 $97,397.83
53 $97,397.83 $1,616.41 $0.00 $550.70 $99,564.94
54 $99,564.94 $1,616.41 $0.00 $562.95 $101,744.30
55 $101,744.30 $1,616.41 $0.00 $575.28 $103,935.99
56 $103,935.99 $1,616.41 $0.00 $587.67 $106,140.07
57 $106,140.07 $1,616.41 $0.00 $600.13 $108,356.61
58 $108,356.61 $1,616.41 $0.00 $612.66 $110,585.68
59 $110,585.68 $1,616.41 $0.00 $625.27 $112,827.36
60 $112,827.36 $1,616.41 $0.00 $637.94 $115,081.71
61 $115,081.71 $1,616.41 $0.00 $650.69 $117,348.81
62 $117,348.81 $1,616.41 $0.00 $663.51 $119,628.73
63 $119,628.73 $1,616.41 $0.00 $676.40 $121,921.54
64 $121,921.54 $1,616.41 $0.00 $689.36 $124,227.31
65 $124,227.31 $1,616.41 $0.00 $702.40 $126,546.12
66 $126,546.12 $1,616.41 $0.00 $715.51 $128,878.04
67 $128,878.04 $1,616.41 $0.00 $728.70 $131,223.15
68 $131,223.15 $1,616.41 $0.00 $741.95 $133,581.51
69 $133,581.51 $1,616.41 $0.00 $755.29 $135,953.21
70 $135,953.21 $1,616.41 $0.00 $768.70 $138,338.32
71 $138,338.32 $1,616.41 $0.00 $782.18 $140,736.91
72 $140,736.91 $1,616.41 $0.00 $795.75 $143,149.07
73 $143,149.07 $1,616.41 $0.00 $809.39 $145,574.87
74 $145,574.87 $1,616.41 $0.00 $823.10 $148,014.38
75 $148,014.38 $1,616.41 $0.00 $836.89 $150,467.68
76 $150,467.68 $1,616.41 $0.00 $850.77 $152,934.86
77 $152,934.86 $1,616.41 $0.00 $864.72 $155,415.99
78 $155,415.99 $1,616.41 $0.00 $878.74 $157,911.14
79 $157,911.14 $1,616.41 $0.00 $892.85 $160,420.40
80 $160,420.40 $1,616.41 $0.00 $907.04 $162,943.85
81 $162,943.85 $1,616.41 $0.00 $921.31 $165,481.57
82 $165,481.57 $1,616.41 $0.00 $935.66 $168,033.64
83 $168,033.64 $1,616.41 $0.00 $950.09 $170,600.14
84 $170,600.14 $1,616.41 $0.00 $964.60 $173,181.15
85 $173,181.15 $1,616.41 $0.00 $979.19 $175,776.75
86 $175,776.75 $1,616.41 $0.00 $993.87 $178,387.03
87 $178,387.03 $1,616.41 $0.00 $1,008.63 $181,012.07
88 $181,012.07 $1,616.41 $0.00 $1,023.47 $183,651.95
89 $183,651.95 $1,616.41 $0.00 $1,038.39 $186,306.75
90 $186,306.75 $1,616.41 $0.00 $1,053.41 $188,976.57
91 $188,976.57 $1,616.41 $0.00 $1,068.50 $191,661.48
92 $191,661.48 $1,616.41 $0.00 $1,083.68 $194,361.57
93 $194,361.57 $1,616.41 $0.00 $1,098.95 $197,076.93
94 $197,076.93 $1,616.41 $0.00 $1,114.30 $199,807.64
95 $199,807.64 $1,616.41 $0.00 $1,129.74 $202,553.79
96 $202,553.79 $1,616.41 $0.00 $1,145.27 $205,315.47
97 $205,315.47 $1,616.41 $0.00 $1,160.88 $208,092.76
98 $208,092.76 $1,616.41 $0.00 $1,176.59 $210,885.76
99 $210,885.76 $1,616.41 $0.00 $1,192.38 $213,694.55
100 $213,694.55 $1,616.41 $0.00 $1,208.26 $216,519.22
101 $216,519.22 $1,616.41 $0.00 $1,224.23 $219,359.86
102 $219,359.86 $1,616.41 $0.00 $1,240.29 $222,216.56
103 $222,216.56 $1,616.41 $0.00 $1,256.44 $225,089.41
104 $225,089.41 $1,616.41 $0.00 $1,272.69 $227,978.51
105 $227,978.51 $1,616.41 $0.00 $1,289.02 $230,883.94
106 $230,883.94 $1,616.41 $0.00 $1,305.45 $233,805.80
107 $233,805.80 $1,616.41 $0.00 $1,321.97 $236,744.18
108 $236,744.18 $1,616.41 $0.00 $1,338.59 $239,699.18
109 $239,699.18 $1,616.41 $0.00 $1,355.29 $242,670.88
110 $242,670.88 $1,616.41 $0.00 $1,372.10 $245,659.39
111 $245,659.39 $1,616.41 $0.00 $1,388.99 $248,664.79
112 $248,664.79 $1,616.41 $0.00 $1,405.99 $251,687.19
113 $251,687.19 $1,616.41 $0.00 $1,423.08 $254,726.68
114 $254,726.68 $1,616.41 $0.00 $1,440.26 $257,783.35
115 $257,783.35 $1,616.41 $0.00 $1,457.54 $260,857.30
116 $260,857.30 $1,616.41 $0.00 $1,474.93 $263,948.64
117 $263,948.64 $1,616.41 $0.00 $1,492.40 $267,057.45
118 $267,057.45 $1,616.41 $0.00 $1,509.98 $270,183.84
119 $270,183.84 $1,616.41 $0.00 $1,527.66 $273,327.91
120 $273,327.91 $1,616.41 $0.00 $1,545.44 $276,489.76
121 $276,489.76 $1,616.41 $0.00 $1,563.31 $279,669.48
122 $279,669.48 $1,616.41 $0.00 $1,581.29 $282,867.18
123 $282,867.18 $1,616.41 $0.00 $1,599.37 $286,082.96
124 $286,082.96 $1,616.41 $0.00 $1,617.55 $289,316.92
125 $289,316.92 $1,616.41 $0.00 $1,635.84 $292,569.17
126 $292,569.17 $1,616.41 $0.00 $1,654.23 $295,839.81
127 $295,839.81 $1,616.41 $0.00 $1,672.72 $299,128.94
128 $299,128.94 $1,616.41 $0.00 $1,691.32 $302,436.67
129 $302,436.67 $1,616.41 $0.00 $1,710.02 $305,763.10
130 $305,763.10 $1,616.41 $0.00 $1,728.83 $309,108.34
131 $309,108.34 $1,616.41 $0.00 $1,747.74 $312,472.49
132 $312,472.49 $1,616.41 $0.00 $1,766.76 $315,855.66
133 $315,855.66 $1,616.41 $0.00 $1,785.89 $319,257.96
134 $319,257.96 $1,616.41 $0.00 $1,805.13 $322,679.50
135 $322,679.50 $1,616.41 $0.00 $1,824.48 $326,120.39
136 $326,120.39 $1,616.41 $0.00 $1,843.93 $329,580.73
137 $329,580.73 $1,616.41 $0.00 $1,863.50 $333,060.64
138 $333,060.64 $1,616.41 $0.00 $1,883.17 $336,560.22
139 $336,560.22 $1,616.41 $0.00 $1,902.96 $340,079.59
140 $340,079.59 $1,616.41 $0.00 $1,922.86 $343,618.86
141 $343,618.86 $1,616.41 $0.00 $1,942.87 $347,178.14
142 $347,178.14 $1,616.41 $0.00 $1,963.00 $350,757.55
143 $350,757.55 $1,616.41 $0.00 $1,983.23 $354,357.19
144 $354,357.19 $1,616.41 $0.00 $2,003.59 $357,977.19
145 $357,977.19 $1,616.41 $0.00 $2,024.06 $361,617.66
146 $361,617.66 $1,616.41 $0.00 $2,044.64 $365,278.71
147 $365,278.71 $1,616.41 $0.00 $2,065.34 $368,960.46
148 $368,960.46 $1,616.41 $0.00 $2,086.16 $372,663.03
149 $372,663.03 $1,616.41 $0.00 $2,107.09 $376,386.53
150 $376,386.53 $1,616.41 $0.00 $2,128.14 $380,131.08
151 $380,131.08 $1,616.41 $0.00 $2,149.32 $383,896.81
152 $383,896.81 $1,616.41 $0.00 $2,170.61 $387,683.83
153 $387,683.83 $1,616.41 $0.00 $2,192.02 $391,492.26
154 $391,492.26 $1,616.41 $0.00 $2,213.55 $395,322.22
155 $395,322.22 $1,616.41 $0.00 $2,235.21 $399,173.84
156 $399,173.84 $1,616.41 $0.00 $2,256.99 $403,047.24
157 $403,047.24 $1,616.41 $0.00 $2,278.89 $406,942.54
158 $406,942.54 $1,616.41 $0.00 $2,300.91 $410,859.86
159 $410,859.86 $1,616.41 $0.00 $2,323.06 $414,799.33
160 $414,799.33 $1,616.41 $0.00 $2,345.34 $418,761.08
161 $418,761.08 $1,616.41 $0.00 $2,367.74 $422,745.23
162 $422,745.23 $1,616.41 $0.00 $2,390.26 $426,751.90
163 $426,751.90 $1,616.41 $0.00 $2,412.92 $430,781.23
164 $430,781.23 $1,616.41 $0.00 $2,435.70 $434,833.34
165 $434,833.34 $1,616.41 $0.00 $2,458.61 $438,908.36
166 $438,908.36 $1,616.41 $0.00 $2,481.65 $443,006.42
167 $443,006.42 $1,616.41 $0.00 $2,504.82 $447,127.65
168 $447,127.65 $1,616.41 $0.00 $2,528.12 $451,272.18
169 $451,272.18 $1,616.41 $0.00 $2,551.56 $455,440.15
170 $455,440.15 $1,616.41 $0.00 $2,575.12 $459,631.68
171 $459,631.68 $1,616.41 $0.00 $2,598.82 $463,846.91
172 $463,846.91 $1,616.41 $0.00 $2,622.66 $468,085.98
173 $468,085.98 $1,616.41 $0.00 $2,646.63 $472,349.02
174 $472,349.02 $1,616.41 $0.00 $2,670.73 $476,636.16
175 $476,636.16 $1,616.41 $0.00 $2,694.97 $480,947.54
176 $480,947.54 $1,616.41 $0.00 $2,719.35 $485,283.30
177 $485,283.30 $1,616.41 $0.00 $2,743.86 $489,643.57
178 $489,643.57 $1,616.41 $0.00 $2,768.52 $494,028.50
179 $494,028.50 $1,616.41 $0.00 $2,793.31 $498,438.22
180 $498,438.22 $1,616.41 $0.00 $2,818.24 $502,872.87
181 $502,872.87 $1,616.41 $0.00 $2,843.32 $507,332.60
182 $507,332.60 $1,616.41 $0.00 $2,868.53 $511,817.54
183 $511,817.54 $1,616.41 $0.00 $2,893.89 $516,327.84
184 $516,327.84 $1,616.41 $0.00 $2,919.39 $520,863.64
185 $520,863.64 $1,616.41 $0.00 $2,945.04 $525,425.09
186 $525,425.09 $1,616.41 $0.00 $2,970.83 $530,012.33
187 $530,012.33 $1,616.41 $0.00 $2,996.77 $534,625.51
188 $534,625.51 $1,616.41 $0.00 $3,022.85 $539,264.77
189 $539,264.77 $1,616.41 $0.00 $3,049.08 $543,930.26
190 $543,930.26 $1,616.41 $0.00 $3,075.46 $548,622.13
191 $548,622.13 $1,616.41 $0.00 $3,101.99 $553,340.53
192 $553,340.53 $1,616.41 $0.00 $3,128.67 $558,085.61
193 $558,085.61 $1,616.41 $0.00 $3,155.50 $562,857.52
194 $562,857.52 $1,616.41 $0.00 $3,182.48 $567,656.41
195 $567,656.41 $1,616.41 $0.00 $3,209.61 $572,482.43
196 $572,482.43 $1,616.41 $0.00 $3,236.90 $577,335.74
197 $577,335.74 $1,616.41 $0.00 $3,264.34 $582,216.49
198 $582,216.49 $1,616.41 $0.00 $3,291.94 $587,124.84
199 $587,124.84 $1,616.41 $0.00 $3,319.69 $592,060.94
200 $592,060.94 $1,616.41 $0.00 $3,347.60 $597,024.95
201 $597,024.95 $1,616.41 $0.00 $3,375.67 $602,017.03
202 $602,017.03 $1,616.41 $0.00 $3,403.89 $607,037.33
203 $607,037.33 $1,616.41 $0.00 $3,432.28 $612,086.02
204 $612,086.02 $1,616.41 $0.00 $3,460.82 $617,163.25
205 $617,163.25 $1,616.41 $0.00 $3,489.53 $622,269.19
206 $622,269.19 $1,616.41 $0.00 $3,518.40 $627,404.00
207 $627,404.00 $1,616.41 $0.00 $3,547.43 $632,567.84
208 $632,567.84 $1,616.41 $0.00 $3,576.63 $637,760.88
209 $637,760.88 $1,616.41 $0.00 $3,605.99 $642,983.28
210 $642,983.28 $1,616.41 $0.00 $3,635.52 $648,235.21
211 $648,235.21 $1,616.41 $0.00 $3,665.22 $653,516.84
212 $653,516.84 $1,616.41 $0.00 $3,695.08 $658,828.33
213 $658,828.33 $1,616.41 $0.00 $3,725.11 $664,169.85
214 $664,169.85 $1,616.41 $0.00 $3,755.31 $669,541.57
215 $669,541.57 $1,616.41 $0.00 $3,785.69 $674,943.67
216 $674,943.67 $1,616.41 $0.00 $3,816.23 $680,376.31
217 $680,376.31 $1,616.41 $189,506.82 $3,846.95 $496,332.85
218 $496,332.85 $1,616.41 $0.00 $2,806.34 $500,755.60
219 $500,755.60 $1,616.41 $0.00 $2,831.34 $505,203.35
220 $505,203.35 $1,616.41 $0.00 $2,856.49 $509,676.25
221 $509,676.25 $1,616.41 $0.00 $2,881.78 $514,174.44
222 $514,174.44 $1,616.41 $0.00 $2,907.22 $518,698.07
223 $518,698.07 $1,616.41 $0.00 $2,932.79 $523,247.27
224 $523,247.27 $1,616.41 $0.00 $2,958.52 $527,822.20
225 $527,822.20 $1,616.41 $0.00 $2,984.38 $532,422.99
226 $532,422.99 $1,616.41 $0.00 $3,010.40 $537,049.80
227 $537,049.80 $1,616.41 $0.00 $3,036.56 $541,702.77
228 $541,702.77 $1,616.41 $0.00 $3,062.87 $546,382.05
229 $546,382.05 $1,616.41 $198,982.17 $3,089.32 $352,105.61
230 $352,105.61 $1,616.41 $0.00 $1,990.86 $355,712.88
231 $355,712.88 $1,616.41 $0.00 $2,011.25 $359,340.54
232 $359,340.54 $1,616.41 $0.00 $2,031.76 $362,988.71
233 $362,988.71 $1,616.41 $0.00 $2,052.39 $366,657.51
234 $366,657.51 $1,616.41 $0.00 $2,073.13 $370,347.05
235 $370,347.05 $1,616.41 $0.00 $2,094.00 $374,057.46
236 $374,057.46 $1,616.41 $0.00 $2,114.98 $377,788.85
237 $377,788.85 $1,616.41 $0.00 $2,136.07 $381,541.33
238 $381,541.33 $1,616.41 $0.00 $2,157.29 $385,315.03
239 $385,315.03 $1,616.41 $0.00 $2,178.63 $389,110.07
240 $389,110.07 $1,616.41 $0.00 $2,200.08 $392,926.56
241 $392,926.56 $1,616.41 $208,931.27 $2,221.66 $187,833.36
242 $187,833.36 $1,616.41 $0.00 $1,062.04 $190,511.81
243 $190,511.81 $1,616.41 $0.00 $1,077.18 $193,205.40
244 $193,205.40 $1,616.41 $0.00 $1,092.41 $195,914.22
245 $195,914.22 $1,616.41 $0.00 $1,107.73 $198,638.36
246 $198,638.36 $1,616.41 $0.00 $1,123.13 $201,377.90
247 $201,377.90 $1,616.41 $0.00 $1,138.62 $204,132.93
248 $204,132.93 $1,616.41 $0.00 $1,154.20 $206,903.54
249 $206,903.54 $1,616.41 $0.00 $1,169.86 $209,689.81
250 $209,689.81 $1,616.41 $0.00 $1,185.62 $212,491.84
251 $212,491.84 $1,616.41 $0.00 $1,201.46 $215,309.71
252 $215,309.71 $1,616.41 $0.00 $1,217.39 $218,143.51
253 $218,143.51 $0.00 $219,377.84 $1,233.42 ($0.91)