Quantcast

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$146,905
Monthly savings required$1,163

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 $587,620.80 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,162.87 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$56,650.00
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 Wells College in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,162.87 $0.00 $0.00 $1,162.87
2 $1,162.87 $1,162.87 $0.00 $6.58 $2,332.32
3 $2,332.32 $1,162.87 $0.00 $13.19 $3,508.38
4 $3,508.38 $1,162.87 $0.00 $19.84 $4,691.09
5 $4,691.09 $1,162.87 $0.00 $26.52 $5,880.48
6 $5,880.48 $1,162.87 $0.00 $33.25 $7,076.60
7 $7,076.60 $1,162.87 $0.00 $40.01 $8,279.48
8 $8,279.48 $1,162.87 $0.00 $46.81 $9,489.16
9 $9,489.16 $1,162.87 $0.00 $53.65 $10,705.68
10 $10,705.68 $1,162.87 $0.00 $60.53 $11,929.08
11 $11,929.08 $1,162.87 $0.00 $67.45 $13,159.40
12 $13,159.40 $1,162.87 $0.00 $74.41 $14,396.68
13 $14,396.68 $1,162.87 $0.00 $81.40 $15,640.95
14 $15,640.95 $1,162.87 $0.00 $88.44 $16,892.26
15 $16,892.26 $1,162.87 $0.00 $95.51 $18,150.64
16 $18,150.64 $1,162.87 $0.00 $102.63 $19,416.14
17 $19,416.14 $1,162.87 $0.00 $109.78 $20,688.79
18 $20,688.79 $1,162.87 $0.00 $116.98 $21,968.64
19 $21,968.64 $1,162.87 $0.00 $124.21 $23,255.72
20 $23,255.72 $1,162.87 $0.00 $131.49 $24,550.08
21 $24,550.08 $1,162.87 $0.00 $138.81 $25,851.76
22 $25,851.76 $1,162.87 $0.00 $146.17 $27,160.80
23 $27,160.80 $1,162.87 $0.00 $153.57 $28,477.24
24 $28,477.24 $1,162.87 $0.00 $161.01 $29,801.12
25 $29,801.12 $1,162.87 $0.00 $168.50 $31,132.49
26 $31,132.49 $1,162.87 $0.00 $176.03 $32,471.39
27 $32,471.39 $1,162.87 $0.00 $183.60 $33,817.86
28 $33,817.86 $1,162.87 $0.00 $191.21 $35,171.94
29 $35,171.94 $1,162.87 $0.00 $198.87 $36,533.68
30 $36,533.68 $1,162.87 $0.00 $206.57 $37,903.12
31 $37,903.12 $1,162.87 $0.00 $214.31 $39,280.30
32 $39,280.30 $1,162.87 $0.00 $222.10 $40,665.27
33 $40,665.27 $1,162.87 $0.00 $229.93 $42,058.07
34 $42,058.07 $1,162.87 $0.00 $237.80 $43,458.74
35 $43,458.74 $1,162.87 $0.00 $245.72 $44,867.33
36 $44,867.33 $1,162.87 $0.00 $253.69 $46,283.89
37 $46,283.89 $1,162.87 $0.00 $261.70 $47,708.46
38 $47,708.46 $1,162.87 $0.00 $269.75 $49,141.08
39 $49,141.08 $1,162.87 $0.00 $277.85 $50,581.80
40 $50,581.80 $1,162.87 $0.00 $286.00 $52,030.67
41 $52,030.67 $1,162.87 $0.00 $294.19 $53,487.73
42 $53,487.73 $1,162.87 $0.00 $302.43 $54,953.03
43 $54,953.03 $1,162.87 $0.00 $310.71 $56,426.61
44 $56,426.61 $1,162.87 $0.00 $319.04 $57,908.52
45 $57,908.52 $1,162.87 $0.00 $327.42 $59,398.81
46 $59,398.81 $1,162.87 $0.00 $335.85 $60,897.53
47 $60,897.53 $1,162.87 $0.00 $344.32 $62,404.72
48 $62,404.72 $1,162.87 $0.00 $352.85 $63,920.44
49 $63,920.44 $1,162.87 $0.00 $361.42 $65,444.73
50 $65,444.73 $1,162.87 $0.00 $370.03 $66,977.63
51 $66,977.63 $1,162.87 $0.00 $378.70 $68,519.20
52 $68,519.20 $1,162.87 $0.00 $387.42 $70,069.49
53 $70,069.49 $1,162.87 $0.00 $396.18 $71,628.54
54 $71,628.54 $1,162.87 $0.00 $405.00 $73,196.41
55 $73,196.41 $1,162.87 $0.00 $413.86 $74,773.14
56 $74,773.14 $1,162.87 $0.00 $422.78 $76,358.79
57 $76,358.79 $1,162.87 $0.00 $431.74 $77,953.40
58 $77,953.40 $1,162.87 $0.00 $440.76 $79,557.03
59 $79,557.03 $1,162.87 $0.00 $449.83 $81,169.73
60 $81,169.73 $1,162.87 $0.00 $458.95 $82,791.55
61 $82,791.55 $1,162.87 $0.00 $468.12 $84,422.54
62 $84,422.54 $1,162.87 $0.00 $477.34 $86,062.75
63 $86,062.75 $1,162.87 $0.00 $486.61 $87,712.23
64 $87,712.23 $1,162.87 $0.00 $495.94 $89,371.04
65 $89,371.04 $1,162.87 $0.00 $505.32 $91,039.23
66 $91,039.23 $1,162.87 $0.00 $514.75 $92,716.85
67 $92,716.85 $1,162.87 $0.00 $524.23 $94,403.95
68 $94,403.95 $1,162.87 $0.00 $533.77 $96,100.59
69 $96,100.59 $1,162.87 $0.00 $543.37 $97,806.83
70 $97,806.83 $1,162.87 $0.00 $553.01 $99,522.71
71 $99,522.71 $1,162.87 $0.00 $562.72 $101,248.30
72 $101,248.30 $1,162.87 $0.00 $572.47 $102,983.64
73 $102,983.64 $1,162.87 $0.00 $582.28 $104,728.79
74 $104,728.79 $1,162.87 $0.00 $592.15 $106,483.81
75 $106,483.81 $1,162.87 $0.00 $602.07 $108,248.75
76 $108,248.75 $1,162.87 $0.00 $612.05 $110,023.67
77 $110,023.67 $1,162.87 $0.00 $622.09 $111,808.63
78 $111,808.63 $1,162.87 $0.00 $632.18 $113,603.68
79 $113,603.68 $1,162.87 $0.00 $642.33 $115,408.88
80 $115,408.88 $1,162.87 $0.00 $652.54 $117,224.29
81 $117,224.29 $1,162.87 $0.00 $662.80 $119,049.96
82 $119,049.96 $1,162.87 $0.00 $673.13 $120,885.96
83 $120,885.96 $1,162.87 $0.00 $683.51 $122,732.34
84 $122,732.34 $1,162.87 $0.00 $693.95 $124,589.16
85 $124,589.16 $1,162.87 $0.00 $704.45 $126,456.48
86 $126,456.48 $1,162.87 $0.00 $715.00 $128,334.35
87 $128,334.35 $1,162.87 $0.00 $725.62 $130,222.84
88 $130,222.84 $1,162.87 $0.00 $736.30 $132,122.01
89 $132,122.01 $1,162.87 $0.00 $747.04 $134,031.92
90 $134,031.92 $1,162.87 $0.00 $757.84 $135,952.63
91 $135,952.63 $1,162.87 $0.00 $768.70 $137,884.20
92 $137,884.20 $1,162.87 $0.00 $779.62 $139,826.69
93 $139,826.69 $1,162.87 $0.00 $790.60 $141,780.16
94 $141,780.16 $1,162.87 $0.00 $801.65 $143,744.68
95 $143,744.68 $1,162.87 $0.00 $812.75 $145,720.30
96 $145,720.30 $1,162.87 $0.00 $823.92 $147,707.09
97 $147,707.09 $1,162.87 $0.00 $835.16 $149,705.12
98 $149,705.12 $1,162.87 $0.00 $846.45 $151,714.44
99 $151,714.44 $1,162.87 $0.00 $857.82 $153,735.13
100 $153,735.13 $1,162.87 $0.00 $869.24 $155,767.24
101 $155,767.24 $1,162.87 $0.00 $880.73 $157,810.84
102 $157,810.84 $1,162.87 $0.00 $892.29 $159,866.00
103 $159,866.00 $1,162.87 $0.00 $903.91 $161,932.78
104 $161,932.78 $1,162.87 $0.00 $915.59 $164,011.24
105 $164,011.24 $1,162.87 $0.00 $927.34 $166,101.45
106 $166,101.45 $1,162.87 $0.00 $939.16 $168,203.48
107 $168,203.48 $1,162.87 $0.00 $951.05 $170,317.40
108 $170,317.40 $1,162.87 $0.00 $963.00 $172,443.27
109 $172,443.27 $1,162.87 $0.00 $975.02 $174,581.16
110 $174,581.16 $1,162.87 $0.00 $987.11 $176,731.14
111 $176,731.14 $1,162.87 $0.00 $999.26 $178,893.27
112 $178,893.27 $1,162.87 $0.00 $1,011.49 $181,067.63
113 $181,067.63 $1,162.87 $0.00 $1,023.78 $183,254.28
114 $183,254.28 $1,162.87 $0.00 $1,036.15 $185,453.30
115 $185,453.30 $1,162.87 $0.00 $1,048.58 $187,664.75
116 $187,664.75 $1,162.87 $0.00 $1,061.08 $189,888.70
117 $189,888.70 $1,162.87 $0.00 $1,073.66 $192,125.23
118 $192,125.23 $1,162.87 $0.00 $1,086.30 $194,374.40
119 $194,374.40 $1,162.87 $0.00 $1,099.02 $196,636.29
120 $196,636.29 $1,162.87 $0.00 $1,111.81 $198,910.97
121 $198,910.97 $1,162.87 $0.00 $1,124.67 $201,198.51
122 $201,198.51 $1,162.87 $0.00 $1,137.61 $203,498.99
123 $203,498.99 $1,162.87 $0.00 $1,150.61 $205,812.47
124 $205,812.47 $1,162.87 $0.00 $1,163.69 $208,139.03
125 $208,139.03 $1,162.87 $0.00 $1,176.85 $210,478.75
126 $210,478.75 $1,162.87 $0.00 $1,190.08 $212,831.70
127 $212,831.70 $1,162.87 $0.00 $1,203.38 $215,197.95
128 $215,197.95 $1,162.87 $0.00 $1,216.76 $217,577.58
129 $217,577.58 $1,162.87 $0.00 $1,230.22 $219,970.67
130 $219,970.67 $1,162.87 $0.00 $1,243.75 $222,377.29
131 $222,377.29 $1,162.87 $0.00 $1,257.35 $224,797.51
132 $224,797.51 $1,162.87 $0.00 $1,271.04 $227,231.42
133 $227,231.42 $1,162.87 $0.00 $1,284.80 $229,679.09
134 $229,679.09 $1,162.87 $0.00 $1,298.64 $232,140.60
135 $232,140.60 $1,162.87 $0.00 $1,312.56 $234,616.03
136 $234,616.03 $1,162.87 $0.00 $1,326.55 $237,105.45
137 $237,105.45 $1,162.87 $0.00 $1,340.63 $239,608.95
138 $239,608.95 $1,162.87 $0.00 $1,354.78 $242,126.60
139 $242,126.60 $1,162.87 $0.00 $1,369.02 $244,658.49
140 $244,658.49 $1,162.87 $0.00 $1,383.33 $247,204.69
141 $247,204.69 $1,162.87 $0.00 $1,397.73 $249,765.29
142 $249,765.29 $1,162.87 $0.00 $1,412.21 $252,340.37
143 $252,340.37 $1,162.87 $0.00 $1,426.77 $254,930.01
144 $254,930.01 $1,162.87 $0.00 $1,441.41 $257,534.29
145 $257,534.29 $1,162.87 $0.00 $1,456.14 $260,153.30
146 $260,153.30 $1,162.87 $0.00 $1,470.94 $262,787.11
147 $262,787.11 $1,162.87 $0.00 $1,485.84 $265,435.82
148 $265,435.82 $1,162.87 $0.00 $1,500.81 $268,099.50
149 $268,099.50 $1,162.87 $0.00 $1,515.87 $270,778.24
150 $270,778.24 $1,162.87 $0.00 $1,531.02 $273,472.13
151 $273,472.13 $1,162.87 $0.00 $1,546.25 $276,181.25
152 $276,181.25 $1,162.87 $0.00 $1,561.57 $278,905.69
153 $278,905.69 $1,162.87 $0.00 $1,576.97 $281,645.53
154 $281,645.53 $1,162.87 $0.00 $1,592.46 $284,400.86
155 $284,400.86 $1,162.87 $0.00 $1,608.04 $287,171.77
156 $287,171.77 $1,162.87 $0.00 $1,623.71 $289,958.35
157 $289,958.35 $1,162.87 $0.00 $1,639.47 $292,760.69
158 $292,760.69 $1,162.87 $0.00 $1,655.31 $295,578.87
159 $295,578.87 $1,162.87 $0.00 $1,671.25 $298,412.99
160 $298,412.99 $1,162.87 $0.00 $1,687.27 $301,263.13
161 $301,263.13 $1,162.87 $0.00 $1,703.39 $304,129.39
162 $304,129.39 $1,162.87 $0.00 $1,719.59 $307,011.85
163 $307,011.85 $1,162.87 $0.00 $1,735.89 $309,910.61
164 $309,910.61 $1,162.87 $0.00 $1,752.28 $312,825.76
165 $312,825.76 $1,162.87 $0.00 $1,768.76 $315,757.39
166 $315,757.39 $1,162.87 $0.00 $1,785.34 $318,705.60
167 $318,705.60 $1,162.87 $0.00 $1,802.01 $321,670.48
168 $321,670.48 $1,162.87 $0.00 $1,818.77 $324,652.12
169 $324,652.12 $1,162.87 $0.00 $1,835.63 $327,650.62
170 $327,650.62 $1,162.87 $0.00 $1,852.58 $330,666.07
171 $330,666.07 $1,162.87 $0.00 $1,869.63 $333,698.57
172 $333,698.57 $1,162.87 $0.00 $1,886.78 $336,748.22
173 $336,748.22 $1,162.87 $0.00 $1,904.02 $339,815.11
174 $339,815.11 $1,162.87 $0.00 $1,921.36 $342,899.34
175 $342,899.34 $1,162.87 $0.00 $1,938.80 $346,001.01
176 $346,001.01 $1,162.87 $0.00 $1,956.34 $349,120.22
177 $349,120.22 $1,162.87 $0.00 $1,973.98 $352,257.07
178 $352,257.07 $1,162.87 $0.00 $1,991.71 $355,411.65
179 $355,411.65 $1,162.87 $0.00 $2,009.55 $358,584.07
180 $358,584.07 $1,162.87 $0.00 $2,027.49 $361,774.43
181 $361,774.43 $1,162.87 $0.00 $2,045.53 $364,982.83
182 $364,982.83 $1,162.87 $0.00 $2,063.67 $368,209.37
183 $368,209.37 $1,162.87 $0.00 $2,081.91 $371,454.15
184 $371,454.15 $1,162.87 $0.00 $2,100.26 $374,717.28
185 $374,717.28 $1,162.87 $0.00 $2,118.71 $377,998.86
186 $377,998.86 $1,162.87 $0.00 $2,137.26 $381,298.99
187 $381,298.99 $1,162.87 $0.00 $2,155.92 $384,617.78
188 $384,617.78 $1,162.87 $0.00 $2,174.68 $387,955.33
189 $387,955.33 $1,162.87 $0.00 $2,193.56 $391,311.76
190 $391,311.76 $1,162.87 $0.00 $2,212.53 $394,687.16
191 $394,687.16 $1,162.87 $0.00 $2,231.62 $398,081.65
192 $398,081.65 $1,162.87 $0.00 $2,250.81 $401,495.33
193 $401,495.33 $1,162.87 $0.00 $2,270.11 $404,928.31
194 $404,928.31 $1,162.87 $0.00 $2,289.52 $408,380.70
195 $408,380.70 $1,162.87 $0.00 $2,309.04 $411,852.61
196 $411,852.61 $1,162.87 $0.00 $2,328.67 $415,344.15
197 $415,344.15 $1,162.87 $0.00 $2,348.42 $418,855.44
198 $418,855.44 $1,162.87 $0.00 $2,368.27 $422,386.58
199 $422,386.58 $1,162.87 $0.00 $2,388.24 $425,937.69
200 $425,937.69 $1,162.87 $0.00 $2,408.31 $429,508.87
201 $429,508.87 $1,162.87 $0.00 $2,428.51 $433,100.25
202 $433,100.25 $1,162.87 $0.00 $2,448.81 $436,711.93
203 $436,711.93 $1,162.87 $0.00 $2,469.23 $440,344.03
204 $440,344.03 $1,162.87 $0.00 $2,489.77 $443,996.67
205 $443,996.67 $1,162.87 $0.00 $2,510.42 $447,669.96
206 $447,669.96 $1,162.87 $0.00 $2,531.19 $451,364.02
207 $451,364.02 $1,162.87 $0.00 $2,552.08 $455,078.97
208 $455,078.97 $1,162.87 $0.00 $2,573.08 $458,814.92
209 $458,814.92 $1,162.87 $0.00 $2,594.21 $462,572.00
210 $462,572.00 $1,162.87 $0.00 $2,615.45 $466,350.32
211 $466,350.32 $1,162.87 $0.00 $2,636.81 $470,150.00
212 $470,150.00 $1,162.87 $0.00 $2,658.30 $473,971.17
213 $473,971.17 $1,162.87 $0.00 $2,679.90 $477,813.94
214 $477,813.94 $1,162.87 $0.00 $2,701.63 $481,678.44
215 $481,678.44 $1,162.87 $0.00 $2,723.48 $485,564.79
216 $485,564.79 $1,162.87 $0.00 $2,745.45 $489,473.11
217 $489,473.11 $1,162.87 $136,334.98 $2,767.55 $357,068.55
218 $357,068.55 $1,162.87 $0.00 $2,018.92 $360,250.34
219 $360,250.34 $1,162.87 $0.00 $2,036.91 $363,450.12
220 $363,450.12 $1,162.87 $0.00 $2,055.00 $366,667.99
221 $366,667.99 $1,162.87 $0.00 $2,073.19 $369,904.05
222 $369,904.05 $1,162.87 $0.00 $2,091.49 $373,158.41
223 $373,158.41 $1,162.87 $0.00 $2,109.89 $376,431.17
224 $376,431.17 $1,162.87 $0.00 $2,128.40 $379,722.44
225 $379,722.44 $1,162.87 $0.00 $2,147.01 $383,032.32
226 $383,032.32 $1,162.87 $0.00 $2,165.72 $386,360.91
227 $386,360.91 $1,162.87 $0.00 $2,184.54 $389,708.32
228 $389,708.32 $1,162.87 $0.00 $2,203.47 $393,074.66
229 $393,074.66 $1,162.87 $143,151.73 $2,222.50 $253,308.30
230 $253,308.30 $1,162.87 $0.00 $1,432.24 $255,903.41
231 $255,903.41 $1,162.87 $0.00 $1,446.92 $258,513.20
232 $258,513.20 $1,162.87 $0.00 $1,461.67 $261,137.74
233 $261,137.74 $1,162.87 $0.00 $1,476.51 $263,777.12
234 $263,777.12 $1,162.87 $0.00 $1,491.43 $266,431.42
235 $266,431.42 $1,162.87 $0.00 $1,506.44 $269,100.73
236 $269,100.73 $1,162.87 $0.00 $1,521.53 $271,785.13
237 $271,785.13 $1,162.87 $0.00 $1,536.71 $274,484.71
238 $274,484.71 $1,162.87 $0.00 $1,551.98 $277,199.56
239 $277,199.56 $1,162.87 $0.00 $1,567.33 $279,929.76
240 $279,929.76 $1,162.87 $0.00 $1,582.76 $282,675.39
241 $282,675.39 $1,162.87 $150,309.31 $1,598.29 $135,127.24
242 $135,127.24 $1,162.87 $0.00 $764.03 $137,054.14
243 $137,054.14 $1,162.87 $0.00 $774.92 $138,991.93
244 $138,991.93 $1,162.87 $0.00 $785.88 $140,940.68
245 $140,940.68 $1,162.87 $0.00 $796.90 $142,900.45
246 $142,900.45 $1,162.87 $0.00 $807.98 $144,871.30
247 $144,871.30 $1,162.87 $0.00 $819.12 $146,853.29
248 $146,853.29 $1,162.87 $0.00 $830.33 $148,846.49
249 $148,846.49 $1,162.87 $0.00 $841.60 $150,850.96
250 $150,850.96 $1,162.87 $0.00 $852.93 $152,866.76
251 $152,866.76 $1,162.87 $0.00 $864.33 $154,893.96
252 $154,893.96 $1,162.87 $0.00 $875.79 $156,932.62
253 $156,932.62 $0.00 $157,824.78 $887.32 ($4.84)