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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$96,130
Monthly savings required$761

How much will it cost to send your child to Chowan University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $384,520.80 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $760.96 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$37,070.00
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 $760.96 $0.00 $0.00 $760.96
2 $760.96 $760.96 $0.00 $4.30 $1,526.22
3 $1,526.22 $760.96 $0.00 $8.63 $2,295.81
4 $2,295.81 $760.96 $0.00 $12.98 $3,069.75
5 $3,069.75 $760.96 $0.00 $17.36 $3,848.07
6 $3,848.07 $760.96 $0.00 $21.76 $4,630.79
7 $4,630.79 $760.96 $0.00 $26.18 $5,417.93
8 $5,417.93 $760.96 $0.00 $30.63 $6,209.52
9 $6,209.52 $760.96 $0.00 $35.11 $7,005.59
10 $7,005.59 $760.96 $0.00 $39.61 $7,806.16
11 $7,806.16 $760.96 $0.00 $44.14 $8,611.26
12 $8,611.26 $760.96 $0.00 $48.69 $9,420.91
13 $9,420.91 $760.96 $0.00 $53.27 $10,235.14
14 $10,235.14 $760.96 $0.00 $57.87 $11,053.97
15 $11,053.97 $760.96 $0.00 $62.50 $11,877.43
16 $11,877.43 $760.96 $0.00 $67.16 $12,705.55
17 $12,705.55 $760.96 $0.00 $71.84 $13,538.35
18 $13,538.35 $760.96 $0.00 $76.55 $14,375.86
19 $14,375.86 $760.96 $0.00 $81.28 $15,218.10
20 $15,218.10 $760.96 $0.00 $86.05 $16,065.11
21 $16,065.11 $760.96 $0.00 $90.83 $16,916.90
22 $16,916.90 $760.96 $0.00 $95.65 $17,773.51
23 $17,773.51 $760.96 $0.00 $100.49 $18,634.96
24 $18,634.96 $760.96 $0.00 $105.36 $19,501.28
25 $19,501.28 $760.96 $0.00 $110.26 $20,372.50
26 $20,372.50 $760.96 $0.00 $115.19 $21,248.65
27 $21,248.65 $760.96 $0.00 $120.14 $22,129.75
28 $22,129.75 $760.96 $0.00 $125.12 $23,015.83
29 $23,015.83 $760.96 $0.00 $130.13 $23,906.92
30 $23,906.92 $760.96 $0.00 $135.17 $24,803.05
31 $24,803.05 $760.96 $0.00 $140.24 $25,704.25
32 $25,704.25 $760.96 $0.00 $145.34 $26,610.55
33 $26,610.55 $760.96 $0.00 $150.46 $27,521.97
34 $27,521.97 $760.96 $0.00 $155.61 $28,438.54
35 $28,438.54 $760.96 $0.00 $160.80 $29,360.30
36 $29,360.30 $760.96 $0.00 $166.01 $30,287.27
37 $30,287.27 $760.96 $0.00 $171.25 $31,219.48
38 $31,219.48 $760.96 $0.00 $176.52 $32,156.96
39 $32,156.96 $760.96 $0.00 $181.82 $33,099.74
40 $33,099.74 $760.96 $0.00 $187.15 $34,047.85
41 $34,047.85 $760.96 $0.00 $192.51 $35,001.32
42 $35,001.32 $760.96 $0.00 $197.90 $35,960.18
43 $35,960.18 $760.96 $0.00 $203.32 $36,924.46
44 $36,924.46 $760.96 $0.00 $208.78 $37,894.20
45 $37,894.20 $760.96 $0.00 $214.26 $38,869.42
46 $38,869.42 $760.96 $0.00 $219.77 $39,850.15
47 $39,850.15 $760.96 $0.00 $225.32 $40,836.43
48 $40,836.43 $760.96 $0.00 $230.90 $41,828.29
49 $41,828.29 $760.96 $0.00 $236.50 $42,825.75
50 $42,825.75 $760.96 $0.00 $242.14 $43,828.85
51 $43,828.85 $760.96 $0.00 $247.81 $44,837.62
52 $44,837.62 $760.96 $0.00 $253.52 $45,852.10
53 $45,852.10 $760.96 $0.00 $259.25 $46,872.31
54 $46,872.31 $760.96 $0.00 $265.02 $47,898.29
55 $47,898.29 $760.96 $0.00 $270.82 $48,930.07
56 $48,930.07 $760.96 $0.00 $276.66 $49,967.69
57 $49,967.69 $760.96 $0.00 $282.52 $51,011.17
58 $51,011.17 $760.96 $0.00 $288.42 $52,060.55
59 $52,060.55 $760.96 $0.00 $294.36 $53,115.87
60 $53,115.87 $760.96 $0.00 $300.32 $54,177.15
61 $54,177.15 $760.96 $0.00 $306.33 $55,244.44
62 $55,244.44 $760.96 $0.00 $312.36 $56,317.76
63 $56,317.76 $760.96 $0.00 $318.43 $57,397.15
64 $57,397.15 $760.96 $0.00 $324.53 $58,482.64
65 $58,482.64 $760.96 $0.00 $330.67 $59,574.27
66 $59,574.27 $760.96 $0.00 $336.84 $60,672.07
67 $60,672.07 $760.96 $0.00 $343.05 $61,776.08
68 $61,776.08 $760.96 $0.00 $349.29 $62,886.33
69 $62,886.33 $760.96 $0.00 $355.57 $64,002.86
70 $64,002.86 $760.96 $0.00 $361.88 $65,125.70
71 $65,125.70 $760.96 $0.00 $368.23 $66,254.89
72 $66,254.89 $760.96 $0.00 $374.61 $67,390.46
73 $67,390.46 $760.96 $0.00 $381.04 $68,532.46
74 $68,532.46 $760.96 $0.00 $387.49 $69,680.91
75 $69,680.91 $760.96 $0.00 $393.99 $70,835.86
76 $70,835.86 $760.96 $0.00 $400.52 $71,997.34
77 $71,997.34 $760.96 $0.00 $407.08 $73,165.38
78 $73,165.38 $760.96 $0.00 $413.69 $74,340.03
79 $74,340.03 $760.96 $0.00 $420.33 $75,521.32
80 $75,521.32 $760.96 $0.00 $427.01 $76,709.29
81 $76,709.29 $760.96 $0.00 $433.73 $77,903.98
82 $77,903.98 $760.96 $0.00 $440.48 $79,105.42
83 $79,105.42 $760.96 $0.00 $447.27 $80,313.65
84 $80,313.65 $760.96 $0.00 $454.11 $81,528.72
85 $81,528.72 $760.96 $0.00 $460.98 $82,750.66
86 $82,750.66 $760.96 $0.00 $467.88 $83,979.50
87 $83,979.50 $760.96 $0.00 $474.83 $85,215.29
88 $85,215.29 $760.96 $0.00 $481.82 $86,458.07
89 $86,458.07 $760.96 $0.00 $488.85 $87,707.88
90 $87,707.88 $760.96 $0.00 $495.91 $88,964.75
91 $88,964.75 $760.96 $0.00 $503.02 $90,228.73
92 $90,228.73 $760.96 $0.00 $510.17 $91,499.86
93 $91,499.86 $760.96 $0.00 $517.35 $92,778.17
94 $92,778.17 $760.96 $0.00 $524.58 $94,063.71
95 $94,063.71 $760.96 $0.00 $531.85 $95,356.52
96 $95,356.52 $760.96 $0.00 $539.16 $96,656.64
97 $96,656.64 $760.96 $0.00 $546.51 $97,964.11
98 $97,964.11 $760.96 $0.00 $553.90 $99,278.97
99 $99,278.97 $760.96 $0.00 $561.34 $100,601.27
100 $100,601.27 $760.96 $0.00 $568.81 $101,931.04
101 $101,931.04 $760.96 $0.00 $576.33 $103,268.33
102 $103,268.33 $760.96 $0.00 $583.89 $104,613.18
103 $104,613.18 $760.96 $0.00 $591.50 $105,965.64
104 $105,965.64 $760.96 $0.00 $599.15 $107,325.75
105 $107,325.75 $760.96 $0.00 $606.84 $108,693.55
106 $108,693.55 $760.96 $0.00 $614.57 $110,069.08
107 $110,069.08 $760.96 $0.00 $622.35 $111,452.39
108 $111,452.39 $760.96 $0.00 $630.17 $112,843.52
109 $112,843.52 $760.96 $0.00 $638.03 $114,242.51
110 $114,242.51 $760.96 $0.00 $645.94 $115,649.41
111 $115,649.41 $760.96 $0.00 $653.90 $117,064.27
112 $117,064.27 $760.96 $0.00 $661.90 $118,487.13
113 $118,487.13 $760.96 $0.00 $669.94 $119,918.03
114 $119,918.03 $760.96 $0.00 $678.03 $121,357.02
115 $121,357.02 $760.96 $0.00 $686.17 $122,804.15
116 $122,804.15 $760.96 $0.00 $694.35 $124,259.46
117 $124,259.46 $760.96 $0.00 $702.58 $125,723.00
118 $125,723.00 $760.96 $0.00 $710.86 $127,194.82
119 $127,194.82 $760.96 $0.00 $719.18 $128,674.96
120 $128,674.96 $760.96 $0.00 $727.55 $130,163.47
121 $130,163.47 $760.96 $0.00 $735.96 $131,660.39
122 $131,660.39 $760.96 $0.00 $744.43 $133,165.78
123 $133,165.78 $760.96 $0.00 $752.94 $134,679.68
124 $134,679.68 $760.96 $0.00 $761.50 $136,202.14
125 $136,202.14 $760.96 $0.00 $770.11 $137,733.21
126 $137,733.21 $760.96 $0.00 $778.76 $139,272.93
127 $139,272.93 $760.96 $0.00 $787.47 $140,821.36
128 $140,821.36 $760.96 $0.00 $796.22 $142,378.54
129 $142,378.54 $760.96 $0.00 $805.03 $143,944.53
130 $143,944.53 $760.96 $0.00 $813.88 $145,519.37
131 $145,519.37 $760.96 $0.00 $822.79 $147,103.12
132 $147,103.12 $760.96 $0.00 $831.74 $148,695.82
133 $148,695.82 $760.96 $0.00 $840.75 $150,297.53
134 $150,297.53 $760.96 $0.00 $849.80 $151,908.29
135 $151,908.29 $760.96 $0.00 $858.91 $153,528.16
136 $153,528.16 $760.96 $0.00 $868.07 $155,157.19
137 $155,157.19 $760.96 $0.00 $877.28 $156,795.43
138 $156,795.43 $760.96 $0.00 $886.54 $158,442.93
139 $158,442.93 $760.96 $0.00 $895.86 $160,099.75
140 $160,099.75 $760.96 $0.00 $905.23 $161,765.94
141 $161,765.94 $760.96 $0.00 $914.65 $163,441.55
142 $163,441.55 $760.96 $0.00 $924.12 $165,126.63
143 $165,126.63 $760.96 $0.00 $933.65 $166,821.24
144 $166,821.24 $760.96 $0.00 $943.23 $168,525.43
145 $168,525.43 $760.96 $0.00 $952.87 $170,239.26
146 $170,239.26 $760.96 $0.00 $962.56 $171,962.78
147 $171,962.78 $760.96 $0.00 $972.30 $173,696.04
148 $173,696.04 $760.96 $0.00 $982.10 $175,439.10
149 $175,439.10 $760.96 $0.00 $991.96 $177,192.02
150 $177,192.02 $760.96 $0.00 $1,001.87 $178,954.85
151 $178,954.85 $760.96 $0.00 $1,011.84 $180,727.65
152 $180,727.65 $760.96 $0.00 $1,021.86 $182,510.47
153 $182,510.47 $760.96 $0.00 $1,031.94 $184,303.37
154 $184,303.37 $760.96 $0.00 $1,042.08 $186,106.41
155 $186,106.41 $760.96 $0.00 $1,052.27 $187,919.64
156 $187,919.64 $760.96 $0.00 $1,062.52 $189,743.12
157 $189,743.12 $760.96 $0.00 $1,072.84 $191,576.92
158 $191,576.92 $760.96 $0.00 $1,083.20 $193,421.08
159 $193,421.08 $760.96 $0.00 $1,093.63 $195,275.67
160 $195,275.67 $760.96 $0.00 $1,104.12 $197,140.75
161 $197,140.75 $760.96 $0.00 $1,114.66 $199,016.37
162 $199,016.37 $760.96 $0.00 $1,125.27 $200,902.60
163 $200,902.60 $760.96 $0.00 $1,135.93 $202,799.49
164 $202,799.49 $760.96 $0.00 $1,146.66 $204,707.11
165 $204,707.11 $760.96 $0.00 $1,157.44 $206,625.51
166 $206,625.51 $760.96 $0.00 $1,168.29 $208,554.76
167 $208,554.76 $760.96 $0.00 $1,179.20 $210,494.92
168 $210,494.92 $760.96 $0.00 $1,190.17 $212,446.05
169 $212,446.05 $760.96 $0.00 $1,201.20 $214,408.21
170 $214,408.21 $760.96 $0.00 $1,212.30 $216,381.47
171 $216,381.47 $760.96 $0.00 $1,223.45 $218,365.88
172 $218,365.88 $760.96 $0.00 $1,234.67 $220,361.51
173 $220,361.51 $760.96 $0.00 $1,245.96 $222,368.43
174 $222,368.43 $760.96 $0.00 $1,257.30 $224,386.69
175 $224,386.69 $760.96 $0.00 $1,268.71 $226,416.36
176 $226,416.36 $760.96 $0.00 $1,280.19 $228,457.51
177 $228,457.51 $760.96 $0.00 $1,291.73 $230,510.20
178 $230,510.20 $760.96 $0.00 $1,303.34 $232,574.50
179 $232,574.50 $760.96 $0.00 $1,315.01 $234,650.47
180 $234,650.47 $760.96 $0.00 $1,326.75 $236,738.18
181 $236,738.18 $760.96 $0.00 $1,338.55 $238,837.69
182 $238,837.69 $760.96 $0.00 $1,350.42 $240,949.07
183 $240,949.07 $760.96 $0.00 $1,362.36 $243,072.39
184 $243,072.39 $760.96 $0.00 $1,374.37 $245,207.72
185 $245,207.72 $760.96 $0.00 $1,386.44 $247,355.12
186 $247,355.12 $760.96 $0.00 $1,398.58 $249,514.66
187 $249,514.66 $760.96 $0.00 $1,410.79 $251,686.41
188 $251,686.41 $760.96 $0.00 $1,423.07 $253,870.44
189 $253,870.44 $760.96 $0.00 $1,435.42 $256,066.82
190 $256,066.82 $760.96 $0.00 $1,447.84 $258,275.62
191 $258,275.62 $760.96 $0.00 $1,460.33 $260,496.91
192 $260,496.91 $760.96 $0.00 $1,472.89 $262,730.76
193 $262,730.76 $760.96 $0.00 $1,485.52 $264,977.24
194 $264,977.24 $760.96 $0.00 $1,498.22 $267,236.42
195 $267,236.42 $760.96 $0.00 $1,510.99 $269,508.37
196 $269,508.37 $760.96 $0.00 $1,523.84 $271,793.17
197 $271,793.17 $760.96 $0.00 $1,536.76 $274,090.89
198 $274,090.89 $760.96 $0.00 $1,549.75 $276,401.60
199 $276,401.60 $760.96 $0.00 $1,562.81 $278,725.37
200 $278,725.37 $760.96 $0.00 $1,575.95 $281,062.28
201 $281,062.28 $760.96 $0.00 $1,589.17 $283,412.41
202 $283,412.41 $760.96 $0.00 $1,602.45 $285,775.82
203 $285,775.82 $760.96 $0.00 $1,615.82 $288,152.60
204 $288,152.60 $760.96 $0.00 $1,629.26 $290,542.82
205 $290,542.82 $760.96 $0.00 $1,642.77 $292,946.55
206 $292,946.55 $760.96 $0.00 $1,656.36 $295,363.87
207 $295,363.87 $760.96 $0.00 $1,670.03 $297,794.86
208 $297,794.86 $760.96 $0.00 $1,683.78 $300,239.60
209 $300,239.60 $760.96 $0.00 $1,697.60 $302,698.16
210 $302,698.16 $760.96 $0.00 $1,711.50 $305,170.62
211 $305,170.62 $760.96 $0.00 $1,725.48 $307,657.06
212 $307,657.06 $760.96 $0.00 $1,739.54 $310,157.56
213 $310,157.56 $760.96 $0.00 $1,753.68 $312,672.20
214 $312,672.20 $760.96 $0.00 $1,767.89 $315,201.05
215 $315,201.05 $760.96 $0.00 $1,782.19 $317,744.20
216 $317,744.20 $760.96 $0.00 $1,796.57 $320,301.73
217 $320,301.73 $760.96 $89,213.37 $1,811.03 $233,660.35
218 $233,660.35 $760.96 $0.00 $1,321.15 $235,742.46
219 $235,742.46 $760.96 $0.00 $1,332.92 $237,836.34
220 $237,836.34 $760.96 $0.00 $1,344.76 $239,942.06
221 $239,942.06 $760.96 $0.00 $1,356.67 $242,059.69
222 $242,059.69 $760.96 $0.00 $1,368.64 $244,189.29
223 $244,189.29 $760.96 $0.00 $1,380.68 $246,330.93
224 $246,330.93 $760.96 $0.00 $1,392.79 $248,484.68
225 $248,484.68 $760.96 $0.00 $1,404.97 $250,650.61
226 $250,650.61 $760.96 $0.00 $1,417.21 $252,828.78
227 $252,828.78 $760.96 $0.00 $1,429.53 $255,019.27
228 $255,019.27 $760.96 $0.00 $1,441.92 $257,222.15
229 $257,222.15 $760.96 $93,674.04 $1,454.37 $165,763.44
230 $165,763.44 $760.96 $0.00 $937.25 $167,461.65
231 $167,461.65 $760.96 $0.00 $946.85 $169,169.46
232 $169,169.46 $760.96 $0.00 $956.51 $170,886.93
233 $170,886.93 $760.96 $0.00 $966.22 $172,614.11
234 $172,614.11 $760.96 $0.00 $975.99 $174,351.06
235 $174,351.06 $760.96 $0.00 $985.81 $176,097.83
236 $176,097.83 $760.96 $0.00 $995.68 $177,854.47
237 $177,854.47 $760.96 $0.00 $1,005.62 $179,621.05
238 $179,621.05 $760.96 $0.00 $1,015.60 $181,397.61
239 $181,397.61 $760.96 $0.00 $1,025.65 $183,184.22
240 $183,184.22 $760.96 $0.00 $1,035.75 $184,980.93
241 $184,980.93 $760.96 $98,357.75 $1,045.91 $88,430.05
242 $88,430.05 $760.96 $0.00 $500.00 $89,691.01
243 $89,691.01 $760.96 $0.00 $507.13 $90,959.10
244 $90,959.10 $760.96 $0.00 $514.30 $92,234.36
245 $92,234.36 $760.96 $0.00 $521.51 $93,516.83
246 $93,516.83 $760.96 $0.00 $528.76 $94,806.55
247 $94,806.55 $760.96 $0.00 $536.05 $96,103.56
248 $96,103.56 $760.96 $0.00 $543.38 $97,407.90
249 $97,407.90 $760.96 $0.00 $550.76 $98,719.62
250 $98,719.62 $760.96 $0.00 $558.18 $100,038.76
251 $100,038.76 $760.96 $0.00 $565.63 $101,365.35
252 $101,365.35 $760.96 $0.00 $573.13 $102,699.44
253 $102,699.44 $0.00 $103,275.63 $580.68 $4.49