Savings Plan and Future Cost Estimation for Wells College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$191,381
Monthly savings required$1,513

How much will it cost to send your child to Wells College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $765,522.12 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,512.52 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$51,012.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

Update Your Savings Plan

Discover how much will you need to start saving now to afford Wells College in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,512.52 $0.00 $0.00 $1,512.52
2 $1,512.52 $1,512.52 $0.00 $8.55 $3,033.59
3 $3,033.59 $1,512.52 $0.00 $17.15 $4,563.26
4 $4,563.26 $1,512.52 $0.00 $25.80 $6,101.58
5 $6,101.58 $1,512.52 $0.00 $34.50 $7,648.60
6 $7,648.60 $1,512.52 $0.00 $43.25 $9,204.37
7 $9,204.37 $1,512.52 $0.00 $52.04 $10,768.93
8 $10,768.93 $1,512.52 $0.00 $60.89 $12,342.34
9 $12,342.34 $1,512.52 $0.00 $69.79 $13,924.65
10 $13,924.65 $1,512.52 $0.00 $78.73 $15,515.90
11 $15,515.90 $1,512.52 $0.00 $87.73 $17,116.15
12 $17,116.15 $1,512.52 $0.00 $96.78 $18,725.45
13 $18,725.45 $1,512.52 $0.00 $105.88 $20,343.85
14 $20,343.85 $1,512.52 $0.00 $115.03 $21,971.40
15 $21,971.40 $1,512.52 $0.00 $124.23 $23,608.15
16 $23,608.15 $1,512.52 $0.00 $133.48 $25,254.15
17 $25,254.15 $1,512.52 $0.00 $142.79 $26,909.46
18 $26,909.46 $1,512.52 $0.00 $152.15 $28,574.13
19 $28,574.13 $1,512.52 $0.00 $161.56 $30,248.21
20 $30,248.21 $1,512.52 $0.00 $171.03 $31,931.76
21 $31,931.76 $1,512.52 $0.00 $180.55 $33,624.83
22 $33,624.83 $1,512.52 $0.00 $190.12 $35,327.47
23 $35,327.47 $1,512.52 $0.00 $199.75 $37,039.74
24 $37,039.74 $1,512.52 $0.00 $209.43 $38,761.69
25 $38,761.69 $1,512.52 $0.00 $219.16 $40,493.37
26 $40,493.37 $1,512.52 $0.00 $228.96 $42,234.85
27 $42,234.85 $1,512.52 $0.00 $238.80 $43,986.17
28 $43,986.17 $1,512.52 $0.00 $248.70 $45,747.39
29 $45,747.39 $1,512.52 $0.00 $258.66 $47,518.57
30 $47,518.57 $1,512.52 $0.00 $268.68 $49,299.77
31 $49,299.77 $1,512.52 $0.00 $278.75 $51,091.04
32 $51,091.04 $1,512.52 $0.00 $288.88 $52,892.44
33 $52,892.44 $1,512.52 $0.00 $299.06 $54,704.02
34 $54,704.02 $1,512.52 $0.00 $309.30 $56,525.84
35 $56,525.84 $1,512.52 $0.00 $319.61 $58,357.97
36 $58,357.97 $1,512.52 $0.00 $329.96 $60,200.45
37 $60,200.45 $1,512.52 $0.00 $340.38 $62,053.35
38 $62,053.35 $1,512.52 $0.00 $350.86 $63,916.73
39 $63,916.73 $1,512.52 $0.00 $361.39 $65,790.64
40 $65,790.64 $1,512.52 $0.00 $371.99 $67,675.15
41 $67,675.15 $1,512.52 $0.00 $382.65 $69,570.32
42 $69,570.32 $1,512.52 $0.00 $393.36 $71,476.20
43 $71,476.20 $1,512.52 $0.00 $404.14 $73,392.86
44 $73,392.86 $1,512.52 $0.00 $414.97 $75,320.35
45 $75,320.35 $1,512.52 $0.00 $425.87 $77,258.74
46 $77,258.74 $1,512.52 $0.00 $436.83 $79,208.09
47 $79,208.09 $1,512.52 $0.00 $447.85 $81,168.46
48 $81,168.46 $1,512.52 $0.00 $458.94 $83,139.92
49 $83,139.92 $1,512.52 $0.00 $470.09 $85,122.53
50 $85,122.53 $1,512.52 $0.00 $481.30 $87,116.35
51 $87,116.35 $1,512.52 $0.00 $492.57 $89,121.44
52 $89,121.44 $1,512.52 $0.00 $503.91 $91,137.87
53 $91,137.87 $1,512.52 $0.00 $515.31 $93,165.70
54 $93,165.70 $1,512.52 $0.00 $526.77 $95,204.99
55 $95,204.99 $1,512.52 $0.00 $538.30 $97,255.81
56 $97,255.81 $1,512.52 $0.00 $549.90 $99,318.23
57 $99,318.23 $1,512.52 $0.00 $561.56 $101,392.31
58 $101,392.31 $1,512.52 $0.00 $573.29 $103,478.12
59 $103,478.12 $1,512.52 $0.00 $585.08 $105,575.72
60 $105,575.72 $1,512.52 $0.00 $596.94 $107,685.18
61 $107,685.18 $1,512.52 $0.00 $608.87 $109,806.57
62 $109,806.57 $1,512.52 $0.00 $620.86 $111,939.95
63 $111,939.95 $1,512.52 $0.00 $632.92 $114,085.39
64 $114,085.39 $1,512.52 $0.00 $645.06 $116,242.97
65 $116,242.97 $1,512.52 $0.00 $657.25 $118,412.74
66 $118,412.74 $1,512.52 $0.00 $669.52 $120,594.78
67 $120,594.78 $1,512.52 $0.00 $681.86 $122,789.16
68 $122,789.16 $1,512.52 $0.00 $694.27 $124,995.95
69 $124,995.95 $1,512.52 $0.00 $706.75 $127,215.22
70 $127,215.22 $1,512.52 $0.00 $719.29 $129,447.03
71 $129,447.03 $1,512.52 $0.00 $731.91 $131,691.46
72 $131,691.46 $1,512.52 $0.00 $744.60 $133,948.58
73 $133,948.58 $1,512.52 $0.00 $757.36 $136,218.46
74 $136,218.46 $1,512.52 $0.00 $770.20 $138,501.18
75 $138,501.18 $1,512.52 $0.00 $783.11 $140,796.81
76 $140,796.81 $1,512.52 $0.00 $796.09 $143,105.42
77 $143,105.42 $1,512.52 $0.00 $809.14 $145,427.08
78 $145,427.08 $1,512.52 $0.00 $822.27 $147,761.87
79 $147,761.87 $1,512.52 $0.00 $835.47 $150,109.86
80 $150,109.86 $1,512.52 $0.00 $848.74 $152,471.12
81 $152,471.12 $1,512.52 $0.00 $862.09 $154,845.73
82 $154,845.73 $1,512.52 $0.00 $875.52 $157,233.77
83 $157,233.77 $1,512.52 $0.00 $889.02 $159,635.31
84 $159,635.31 $1,512.52 $0.00 $902.60 $162,050.43
85 $162,050.43 $1,512.52 $0.00 $916.26 $164,479.21
86 $164,479.21 $1,512.52 $0.00 $929.99 $166,921.72
87 $166,921.72 $1,512.52 $0.00 $943.80 $169,378.04
88 $169,378.04 $1,512.52 $0.00 $957.69 $171,848.25
89 $171,848.25 $1,512.52 $0.00 $971.65 $174,332.42
90 $174,332.42 $1,512.52 $0.00 $985.70 $176,830.64
91 $176,830.64 $1,512.52 $0.00 $999.83 $179,342.99
92 $179,342.99 $1,512.52 $0.00 $1,014.03 $181,869.54
93 $181,869.54 $1,512.52 $0.00 $1,028.32 $184,410.38
94 $184,410.38 $1,512.52 $0.00 $1,042.68 $186,965.58
95 $186,965.58 $1,512.52 $0.00 $1,057.13 $189,535.23
96 $189,535.23 $1,512.52 $0.00 $1,071.66 $192,119.41
97 $192,119.41 $1,512.52 $0.00 $1,086.27 $194,718.20
98 $194,718.20 $1,512.52 $0.00 $1,100.97 $197,331.69
99 $197,331.69 $1,512.52 $0.00 $1,115.74 $199,959.95
100 $199,959.95 $1,512.52 $0.00 $1,130.60 $202,603.07
101 $202,603.07 $1,512.52 $0.00 $1,145.55 $205,261.14
102 $205,261.14 $1,512.52 $0.00 $1,160.58 $207,934.24
103 $207,934.24 $1,512.52 $0.00 $1,175.69 $210,622.45
104 $210,622.45 $1,512.52 $0.00 $1,190.89 $213,325.86
105 $213,325.86 $1,512.52 $0.00 $1,206.18 $216,044.56
106 $216,044.56 $1,512.52 $0.00 $1,221.55 $218,778.63
107 $218,778.63 $1,512.52 $0.00 $1,237.01 $221,528.16
108 $221,528.16 $1,512.52 $0.00 $1,252.55 $224,293.23
109 $224,293.23 $1,512.52 $0.00 $1,268.19 $227,073.94
110 $227,073.94 $1,512.52 $0.00 $1,283.91 $229,870.37
111 $229,870.37 $1,512.52 $0.00 $1,299.72 $232,682.61
112 $232,682.61 $1,512.52 $0.00 $1,315.62 $235,510.75
113 $235,510.75 $1,512.52 $0.00 $1,331.61 $238,354.88
114 $238,354.88 $1,512.52 $0.00 $1,347.69 $241,215.09
115 $241,215.09 $1,512.52 $0.00 $1,363.87 $244,091.48
116 $244,091.48 $1,512.52 $0.00 $1,380.13 $246,984.13
117 $246,984.13 $1,512.52 $0.00 $1,396.48 $249,893.13
118 $249,893.13 $1,512.52 $0.00 $1,412.93 $252,818.58
119 $252,818.58 $1,512.52 $0.00 $1,429.47 $255,760.57
120 $255,760.57 $1,512.52 $0.00 $1,446.11 $258,719.20
121 $258,719.20 $1,512.52 $0.00 $1,462.84 $261,694.56
122 $261,694.56 $1,512.52 $0.00 $1,479.66 $264,686.74
123 $264,686.74 $1,512.52 $0.00 $1,496.58 $267,695.84
124 $267,695.84 $1,512.52 $0.00 $1,513.59 $270,721.95
125 $270,721.95 $1,512.52 $0.00 $1,530.70 $273,765.17
126 $273,765.17 $1,512.52 $0.00 $1,547.91 $276,825.60
127 $276,825.60 $1,512.52 $0.00 $1,565.21 $279,903.33
128 $279,903.33 $1,512.52 $0.00 $1,582.61 $282,998.46
129 $282,998.46 $1,512.52 $0.00 $1,600.11 $286,111.09
130 $286,111.09 $1,512.52 $0.00 $1,617.71 $289,241.32
131 $289,241.32 $1,512.52 $0.00 $1,635.41 $292,389.25
132 $292,389.25 $1,512.52 $0.00 $1,653.21 $295,554.98
133 $295,554.98 $1,512.52 $0.00 $1,671.11 $298,738.61
134 $298,738.61 $1,512.52 $0.00 $1,689.11 $301,940.24
135 $301,940.24 $1,512.52 $0.00 $1,707.21 $305,159.97
136 $305,159.97 $1,512.52 $0.00 $1,725.42 $308,397.91
137 $308,397.91 $1,512.52 $0.00 $1,743.73 $311,654.16
138 $311,654.16 $1,512.52 $0.00 $1,762.14 $314,928.82
139 $314,928.82 $1,512.52 $0.00 $1,780.65 $318,221.99
140 $318,221.99 $1,512.52 $0.00 $1,799.27 $321,533.78
141 $321,533.78 $1,512.52 $0.00 $1,818.00 $324,864.30
142 $324,864.30 $1,512.52 $0.00 $1,836.83 $328,213.65
143 $328,213.65 $1,512.52 $0.00 $1,855.77 $331,581.94
144 $331,581.94 $1,512.52 $0.00 $1,874.81 $334,969.27
145 $334,969.27 $1,512.52 $0.00 $1,893.96 $338,375.75
146 $338,375.75 $1,512.52 $0.00 $1,913.23 $341,801.50
147 $341,801.50 $1,512.52 $0.00 $1,932.60 $345,246.62
148 $345,246.62 $1,512.52 $0.00 $1,952.07 $348,711.21
149 $348,711.21 $1,512.52 $0.00 $1,971.66 $352,195.39
150 $352,195.39 $1,512.52 $0.00 $1,991.36 $355,699.27
151 $355,699.27 $1,512.52 $0.00 $2,011.18 $359,222.97
152 $359,222.97 $1,512.52 $0.00 $2,031.10 $362,766.59
153 $362,766.59 $1,512.52 $0.00 $2,051.14 $366,330.25
154 $366,330.25 $1,512.52 $0.00 $2,071.28 $369,914.05
155 $369,914.05 $1,512.52 $0.00 $2,091.55 $373,518.12
156 $373,518.12 $1,512.52 $0.00 $2,111.93 $377,142.57
157 $377,142.57 $1,512.52 $0.00 $2,132.42 $380,787.51
158 $380,787.51 $1,512.52 $0.00 $2,153.03 $384,453.06
159 $384,453.06 $1,512.52 $0.00 $2,173.75 $388,139.33
160 $388,139.33 $1,512.52 $0.00 $2,194.60 $391,846.45
161 $391,846.45 $1,512.52 $0.00 $2,215.56 $395,574.53
162 $395,574.53 $1,512.52 $0.00 $2,236.64 $399,323.69
163 $399,323.69 $1,512.52 $0.00 $2,257.83 $403,094.04
164 $403,094.04 $1,512.52 $0.00 $2,279.15 $406,885.71
165 $406,885.71 $1,512.52 $0.00 $2,300.59 $410,698.82
166 $410,698.82 $1,512.52 $0.00 $2,322.15 $414,533.49
167 $414,533.49 $1,512.52 $0.00 $2,343.83 $418,389.84
168 $418,389.84 $1,512.52 $0.00 $2,365.64 $422,268.00
169 $422,268.00 $1,512.52 $0.00 $2,387.56 $426,168.08
170 $426,168.08 $1,512.52 $0.00 $2,409.62 $430,090.22
171 $430,090.22 $1,512.52 $0.00 $2,431.79 $434,034.53
172 $434,034.53 $1,512.52 $0.00 $2,454.09 $438,001.14
173 $438,001.14 $1,512.52 $0.00 $2,476.52 $441,990.18
174 $441,990.18 $1,512.52 $0.00 $2,499.08 $446,001.78
175 $446,001.78 $1,512.52 $0.00 $2,521.76 $450,036.06
176 $450,036.06 $1,512.52 $0.00 $2,544.57 $454,093.15
177 $454,093.15 $1,512.52 $0.00 $2,567.51 $458,173.18
178 $458,173.18 $1,512.52 $0.00 $2,590.58 $462,276.28
179 $462,276.28 $1,512.52 $0.00 $2,613.78 $466,402.58
180 $466,402.58 $1,512.52 $0.00 $2,637.11 $470,552.21
181 $470,552.21 $1,512.52 $0.00 $2,660.57 $474,725.30
182 $474,725.30 $1,512.52 $0.00 $2,684.17 $478,921.99
183 $478,921.99 $1,512.52 $0.00 $2,707.89 $483,142.40
184 $483,142.40 $1,512.52 $0.00 $2,731.76 $487,386.68
185 $487,386.68 $1,512.52 $0.00 $2,755.76 $491,654.96
186 $491,654.96 $1,512.52 $0.00 $2,779.89 $495,947.37
187 $495,947.37 $1,512.52 $0.00 $2,804.16 $500,264.05
188 $500,264.05 $1,512.52 $0.00 $2,828.57 $504,605.14
189 $504,605.14 $1,512.52 $0.00 $2,853.11 $508,970.77
190 $508,970.77 $1,512.52 $0.00 $2,877.79 $513,361.08
191 $513,361.08 $1,512.52 $0.00 $2,902.62 $517,776.22
192 $517,776.22 $1,512.52 $0.00 $2,927.58 $522,216.32
193 $522,216.32 $1,512.52 $0.00 $2,952.69 $526,681.53
194 $526,681.53 $1,512.52 $0.00 $2,977.93 $531,171.98
195 $531,171.98 $1,512.52 $0.00 $3,003.32 $535,687.82
196 $535,687.82 $1,512.52 $0.00 $3,028.86 $540,229.20
197 $540,229.20 $1,512.52 $0.00 $3,054.53 $544,796.25
198 $544,796.25 $1,512.52 $0.00 $3,080.36 $549,389.13
199 $549,389.13 $1,512.52 $0.00 $3,106.33 $554,007.98
200 $554,007.98 $1,512.52 $0.00 $3,132.44 $558,652.94
201 $558,652.94 $1,512.52 $0.00 $3,158.70 $563,324.16
202 $563,324.16 $1,512.52 $0.00 $3,185.12 $568,021.80
203 $568,021.80 $1,512.52 $0.00 $3,211.68 $572,746.00
204 $572,746.00 $1,512.52 $0.00 $3,238.39 $577,496.91
205 $577,496.91 $1,512.52 $0.00 $3,265.25 $582,274.68
206 $582,274.68 $1,512.52 $0.00 $3,292.27 $587,079.47
207 $587,079.47 $1,512.52 $0.00 $3,319.43 $591,911.42
208 $591,911.42 $1,512.52 $0.00 $3,346.75 $596,770.69
209 $596,770.69 $1,512.52 $0.00 $3,374.23 $601,657.44
210 $601,657.44 $1,512.52 $0.00 $3,401.86 $606,571.82
211 $606,571.82 $1,512.52 $0.00 $3,429.65 $611,513.99
212 $611,513.99 $1,512.52 $0.00 $3,457.59 $616,484.10
213 $616,484.10 $1,512.52 $0.00 $3,485.69 $621,482.31
214 $621,482.31 $1,512.52 $0.00 $3,513.95 $626,508.78
215 $626,508.78 $1,512.52 $0.00 $3,542.37 $631,563.67
216 $631,563.67 $1,512.52 $0.00 $3,570.95 $636,647.14
217 $636,647.14 $1,512.52 $172,417.11 $3,599.70 $469,342.25
218 $469,342.25 $1,512.52 $0.00 $2,653.73 $473,508.50
219 $473,508.50 $1,512.52 $0.00 $2,677.29 $477,698.31
220 $477,698.31 $1,512.52 $0.00 $2,700.98 $481,911.81
221 $481,911.81 $1,512.52 $0.00 $2,724.80 $486,149.13
222 $486,149.13 $1,512.52 $0.00 $2,748.76 $490,410.41
223 $490,410.41 $1,512.52 $0.00 $2,772.85 $494,695.78
224 $494,695.78 $1,512.52 $0.00 $2,797.08 $499,005.38
225 $499,005.38 $1,512.52 $0.00 $2,821.45 $503,339.35
226 $503,339.35 $1,512.52 $0.00 $2,845.95 $507,697.82
227 $507,697.82 $1,512.52 $0.00 $2,870.60 $512,080.94
228 $512,080.94 $1,512.52 $0.00 $2,895.38 $516,488.84
229 $516,488.84 $1,512.52 $184,486.30 $2,920.30 $336,435.36
230 $336,435.36 $1,512.52 $0.00 $1,902.25 $339,850.13
231 $339,850.13 $1,512.52 $0.00 $1,921.56 $343,284.21
232 $343,284.21 $1,512.52 $0.00 $1,940.98 $346,737.71
233 $346,737.71 $1,512.52 $0.00 $1,960.51 $350,210.74
234 $350,210.74 $1,512.52 $0.00 $1,980.14 $353,703.40
235 $353,703.40 $1,512.52 $0.00 $1,999.89 $357,215.81
236 $357,215.81 $1,512.52 $0.00 $2,019.75 $360,748.08
237 $360,748.08 $1,512.52 $0.00 $2,039.72 $364,300.32
238 $364,300.32 $1,512.52 $0.00 $2,059.81 $367,872.65
239 $367,872.65 $1,512.52 $0.00 $2,080.01 $371,465.18
240 $371,465.18 $1,512.52 $0.00 $2,100.32 $375,078.02
241 $375,078.02 $1,512.52 $197,400.34 $2,120.75 $181,310.95
242 $181,310.95 $1,512.52 $0.00 $1,025.16 $183,848.63
243 $183,848.63 $1,512.52 $0.00 $1,039.51 $186,400.66
244 $186,400.66 $1,512.52 $0.00 $1,053.94 $188,967.12
245 $188,967.12 $1,512.52 $0.00 $1,068.45 $191,548.09
246 $191,548.09 $1,512.52 $0.00 $1,083.04 $194,143.65
247 $194,143.65 $1,512.52 $0.00 $1,097.72 $196,753.89
248 $196,753.89 $1,512.52 $0.00 $1,112.48 $199,378.89
249 $199,378.89 $1,512.52 $0.00 $1,127.32 $202,018.73
250 $202,018.73 $1,512.52 $0.00 $1,142.24 $204,673.49
251 $204,673.49 $1,512.52 $0.00 $1,157.25 $207,343.26
252 $207,343.26 $1,512.52 $0.00 $1,172.35 $210,028.13
253 $210,028.13 $0.00 $211,218.37 $1,187.53 -$2.71