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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$94,325
Monthly savings required$747

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 $377,301.31 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $746.67 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$36,374.00
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 $746.67 $0.00 $0.00 $746.67
2 $746.67 $746.67 $0.00 $4.22 $1,497.56
3 $1,497.56 $746.67 $0.00 $8.47 $2,252.70
4 $2,252.70 $746.67 $0.00 $12.74 $3,012.11
5 $3,012.11 $746.67 $0.00 $17.03 $3,775.81
6 $3,775.81 $746.67 $0.00 $21.35 $4,543.83
7 $4,543.83 $746.67 $0.00 $25.69 $5,316.19
8 $5,316.19 $746.67 $0.00 $30.06 $6,092.92
9 $6,092.92 $746.67 $0.00 $34.45 $6,874.04
10 $6,874.04 $746.67 $0.00 $38.87 $7,659.58
11 $7,659.58 $746.67 $0.00 $43.31 $8,449.56
12 $8,449.56 $746.67 $0.00 $47.78 $9,244.01
13 $9,244.01 $746.67 $0.00 $52.27 $10,042.95
14 $10,042.95 $746.67 $0.00 $56.78 $10,846.40
15 $10,846.40 $746.67 $0.00 $61.33 $11,654.40
16 $11,654.40 $746.67 $0.00 $65.90 $12,466.97
17 $12,466.97 $746.67 $0.00 $70.49 $13,284.13
18 $13,284.13 $746.67 $0.00 $75.11 $14,105.91
19 $14,105.91 $746.67 $0.00 $79.76 $14,932.34
20 $14,932.34 $746.67 $0.00 $84.43 $15,763.44
21 $15,763.44 $746.67 $0.00 $89.13 $16,599.24
22 $16,599.24 $746.67 $0.00 $93.85 $17,439.76
23 $17,439.76 $746.67 $0.00 $98.61 $18,285.04
24 $18,285.04 $746.67 $0.00 $103.39 $19,135.10
25 $19,135.10 $746.67 $0.00 $108.19 $19,989.96
26 $19,989.96 $746.67 $0.00 $113.03 $20,849.66
27 $20,849.66 $746.67 $0.00 $117.89 $21,714.22
28 $21,714.22 $746.67 $0.00 $122.78 $22,583.67
29 $22,583.67 $746.67 $0.00 $127.69 $23,458.03
30 $23,458.03 $746.67 $0.00 $132.64 $24,337.34
31 $24,337.34 $746.67 $0.00 $137.61 $25,221.62
32 $25,221.62 $746.67 $0.00 $142.61 $26,110.90
33 $26,110.90 $746.67 $0.00 $147.63 $27,005.20
34 $27,005.20 $746.67 $0.00 $152.69 $27,904.56
35 $27,904.56 $746.67 $0.00 $157.78 $28,809.01
36 $28,809.01 $746.67 $0.00 $162.89 $29,718.57
37 $29,718.57 $746.67 $0.00 $168.03 $30,633.27
38 $30,633.27 $746.67 $0.00 $173.20 $31,553.14
39 $31,553.14 $746.67 $0.00 $178.41 $32,478.22
40 $32,478.22 $746.67 $0.00 $183.64 $33,408.53
41 $33,408.53 $746.67 $0.00 $188.90 $34,344.10
42 $34,344.10 $746.67 $0.00 $194.19 $35,284.96
43 $35,284.96 $746.67 $0.00 $199.51 $36,231.14
44 $36,231.14 $746.67 $0.00 $204.86 $37,182.67
45 $37,182.67 $746.67 $0.00 $210.24 $38,139.58
46 $38,139.58 $746.67 $0.00 $215.65 $39,101.90
47 $39,101.90 $746.67 $0.00 $221.09 $40,069.66
48 $40,069.66 $746.67 $0.00 $226.56 $41,042.89
49 $41,042.89 $746.67 $0.00 $232.06 $42,021.62
50 $42,021.62 $746.67 $0.00 $237.60 $43,005.89
51 $43,005.89 $746.67 $0.00 $243.16 $43,995.72
52 $43,995.72 $746.67 $0.00 $248.76 $44,991.15
53 $44,991.15 $746.67 $0.00 $254.39 $45,992.21
54 $45,992.21 $746.67 $0.00 $260.05 $46,998.93
55 $46,998.93 $746.67 $0.00 $265.74 $48,011.34
56 $48,011.34 $746.67 $0.00 $271.46 $49,029.47
57 $49,029.47 $746.67 $0.00 $277.22 $50,053.36
58 $50,053.36 $746.67 $0.00 $283.01 $51,083.04
59 $51,083.04 $746.67 $0.00 $288.83 $52,118.54
60 $52,118.54 $746.67 $0.00 $294.69 $53,159.90
61 $53,159.90 $746.67 $0.00 $300.57 $54,207.14
62 $54,207.14 $746.67 $0.00 $306.50 $55,260.31
63 $55,260.31 $746.67 $0.00 $312.45 $56,319.43
64 $56,319.43 $746.67 $0.00 $318.44 $57,384.54
65 $57,384.54 $746.67 $0.00 $324.46 $58,455.67
66 $58,455.67 $746.67 $0.00 $330.52 $59,532.86
67 $59,532.86 $746.67 $0.00 $336.61 $60,616.14
68 $60,616.14 $746.67 $0.00 $342.73 $61,705.54
69 $61,705.54 $746.67 $0.00 $348.89 $62,801.10
70 $62,801.10 $746.67 $0.00 $355.09 $63,902.86
71 $63,902.86 $746.67 $0.00 $361.32 $65,010.85
72 $65,010.85 $746.67 $0.00 $367.58 $66,125.10
73 $66,125.10 $746.67 $0.00 $373.88 $67,245.65
74 $67,245.65 $746.67 $0.00 $380.22 $68,372.54
75 $68,372.54 $746.67 $0.00 $386.59 $69,505.80
76 $69,505.80 $746.67 $0.00 $393.00 $70,645.47
77 $70,645.47 $746.67 $0.00 $399.44 $71,791.58
78 $71,791.58 $746.67 $0.00 $405.92 $72,944.17
79 $72,944.17 $746.67 $0.00 $412.44 $74,103.28
80 $74,103.28 $746.67 $0.00 $418.99 $75,268.94
81 $75,268.94 $746.67 $0.00 $425.58 $76,441.19
82 $76,441.19 $746.67 $0.00 $432.21 $77,620.07
83 $77,620.07 $746.67 $0.00 $438.88 $78,805.62
84 $78,805.62 $746.67 $0.00 $445.58 $79,997.87
85 $79,997.87 $746.67 $0.00 $452.32 $81,196.86
86 $81,196.86 $746.67 $0.00 $459.10 $82,402.63
87 $82,402.63 $746.67 $0.00 $465.92 $83,615.22
88 $83,615.22 $746.67 $0.00 $472.77 $84,834.66
89 $84,834.66 $746.67 $0.00 $479.67 $86,061.00
90 $86,061.00 $746.67 $0.00 $486.60 $87,294.27
91 $87,294.27 $746.67 $0.00 $493.57 $88,534.51
92 $88,534.51 $746.67 $0.00 $500.59 $89,781.77
93 $89,781.77 $746.67 $0.00 $507.64 $91,036.08
94 $91,036.08 $746.67 $0.00 $514.73 $92,297.48
95 $92,297.48 $746.67 $0.00 $521.86 $93,566.01
96 $93,566.01 $746.67 $0.00 $529.04 $94,841.72
97 $94,841.72 $746.67 $0.00 $536.25 $96,124.64
98 $96,124.64 $746.67 $0.00 $543.50 $97,414.81
99 $97,414.81 $746.67 $0.00 $550.80 $98,712.28
100 $98,712.28 $746.67 $0.00 $558.13 $100,017.08
101 $100,017.08 $746.67 $0.00 $565.51 $101,329.26
102 $101,329.26 $746.67 $0.00 $572.93 $102,648.86
103 $102,648.86 $746.67 $0.00 $580.39 $103,975.92
104 $103,975.92 $746.67 $0.00 $587.89 $105,310.48
105 $105,310.48 $746.67 $0.00 $595.44 $106,652.59
106 $106,652.59 $746.67 $0.00 $603.03 $108,002.29
107 $108,002.29 $746.67 $0.00 $610.66 $109,359.62
108 $109,359.62 $746.67 $0.00 $618.34 $110,724.63
109 $110,724.63 $746.67 $0.00 $626.05 $112,097.35
110 $112,097.35 $746.67 $0.00 $633.81 $113,477.83
111 $113,477.83 $746.67 $0.00 $641.62 $114,866.12
112 $114,866.12 $746.67 $0.00 $649.47 $116,262.26
113 $116,262.26 $746.67 $0.00 $657.36 $117,666.29
114 $117,666.29 $746.67 $0.00 $665.30 $119,078.26
115 $119,078.26 $746.67 $0.00 $673.29 $120,498.22
116 $120,498.22 $746.67 $0.00 $681.31 $121,926.20
117 $121,926.20 $746.67 $0.00 $689.39 $123,362.26
118 $123,362.26 $746.67 $0.00 $697.51 $124,806.44
119 $124,806.44 $746.67 $0.00 $705.67 $126,258.78
120 $126,258.78 $746.67 $0.00 $713.89 $127,719.34
121 $127,719.34 $746.67 $0.00 $722.14 $129,188.15
122 $129,188.15 $746.67 $0.00 $730.45 $130,665.27
123 $130,665.27 $746.67 $0.00 $738.80 $132,150.74
124 $132,150.74 $746.67 $0.00 $747.20 $133,644.61
125 $133,644.61 $746.67 $0.00 $755.65 $135,146.93
126 $135,146.93 $746.67 $0.00 $764.14 $136,657.74
127 $136,657.74 $746.67 $0.00 $772.68 $138,177.09
128 $138,177.09 $746.67 $0.00 $781.27 $139,705.03
129 $139,705.03 $746.67 $0.00 $789.91 $141,241.61
130 $141,241.61 $746.67 $0.00 $798.60 $142,786.88
131 $142,786.88 $746.67 $0.00 $807.34 $144,340.89
132 $144,340.89 $746.67 $0.00 $816.12 $145,903.68
133 $145,903.68 $746.67 $0.00 $824.96 $147,475.31
134 $147,475.31 $746.67 $0.00 $833.85 $149,055.83
135 $149,055.83 $746.67 $0.00 $842.78 $150,645.28
136 $150,645.28 $746.67 $0.00 $851.77 $152,243.72
137 $152,243.72 $746.67 $0.00 $860.81 $153,851.20
138 $153,851.20 $746.67 $0.00 $869.90 $155,467.77
139 $155,467.77 $746.67 $0.00 $879.04 $157,093.48
140 $157,093.48 $746.67 $0.00 $888.23 $158,728.38
141 $158,728.38 $746.67 $0.00 $897.47 $160,372.52
142 $160,372.52 $746.67 $0.00 $906.77 $162,025.96
143 $162,025.96 $746.67 $0.00 $916.12 $163,688.75
144 $163,688.75 $746.67 $0.00 $925.52 $165,360.94
145 $165,360.94 $746.67 $0.00 $934.97 $167,042.58
146 $167,042.58 $746.67 $0.00 $944.48 $168,733.73
147 $168,733.73 $746.67 $0.00 $954.05 $170,434.45
148 $170,434.45 $746.67 $0.00 $963.66 $172,144.78
149 $172,144.78 $746.67 $0.00 $973.33 $173,864.78
150 $173,864.78 $746.67 $0.00 $983.06 $175,594.51
151 $175,594.51 $746.67 $0.00 $992.84 $177,334.02
152 $177,334.02 $746.67 $0.00 $1,002.67 $179,083.36
153 $179,083.36 $746.67 $0.00 $1,012.56 $180,842.59
154 $180,842.59 $746.67 $0.00 $1,022.51 $182,611.77
155 $182,611.77 $746.67 $0.00 $1,032.51 $184,390.95
156 $184,390.95 $746.67 $0.00 $1,042.57 $186,180.19
157 $186,180.19 $746.67 $0.00 $1,052.69 $187,979.55
158 $187,979.55 $746.67 $0.00 $1,062.86 $189,789.08
159 $189,789.08 $746.67 $0.00 $1,073.10 $191,608.85
160 $191,608.85 $746.67 $0.00 $1,083.38 $193,438.90
161 $193,438.90 $746.67 $0.00 $1,093.73 $195,279.30
162 $195,279.30 $746.67 $0.00 $1,104.14 $197,130.11
163 $197,130.11 $746.67 $0.00 $1,114.60 $198,991.38
164 $198,991.38 $746.67 $0.00 $1,125.13 $200,863.18
165 $200,863.18 $746.67 $0.00 $1,135.71 $202,745.56
166 $202,745.56 $746.67 $0.00 $1,146.35 $204,638.58
167 $204,638.58 $746.67 $0.00 $1,157.06 $206,542.31
168 $206,542.31 $746.67 $0.00 $1,167.82 $208,456.80
169 $208,456.80 $746.67 $0.00 $1,178.65 $210,382.12
170 $210,382.12 $746.67 $0.00 $1,189.53 $212,318.32
171 $212,318.32 $746.67 $0.00 $1,200.48 $214,265.47
172 $214,265.47 $746.67 $0.00 $1,211.49 $216,223.63
173 $216,223.63 $746.67 $0.00 $1,222.56 $218,192.86
174 $218,192.86 $746.67 $0.00 $1,233.69 $220,173.22
175 $220,173.22 $746.67 $0.00 $1,244.89 $222,164.78
176 $222,164.78 $746.67 $0.00 $1,256.15 $224,167.60
177 $224,167.60 $746.67 $0.00 $1,267.48 $226,181.75
178 $226,181.75 $746.67 $0.00 $1,278.86 $228,207.28
179 $228,207.28 $746.67 $0.00 $1,290.32 $230,244.27
180 $230,244.27 $746.67 $0.00 $1,301.83 $232,292.77
181 $232,292.77 $746.67 $0.00 $1,313.42 $234,352.86
182 $234,352.86 $746.67 $0.00 $1,325.07 $236,424.60
183 $236,424.60 $746.67 $0.00 $1,336.78 $238,508.05
184 $238,508.05 $746.67 $0.00 $1,348.56 $240,603.28
185 $240,603.28 $746.67 $0.00 $1,360.41 $242,710.36
186 $242,710.36 $746.67 $0.00 $1,372.32 $244,829.35
187 $244,829.35 $746.67 $0.00 $1,384.30 $246,960.32
188 $246,960.32 $746.67 $0.00 $1,396.35 $249,103.34
189 $249,103.34 $746.67 $0.00 $1,408.47 $251,258.48
190 $251,258.48 $746.67 $0.00 $1,420.65 $253,425.80
191 $253,425.80 $746.67 $0.00 $1,432.91 $255,605.38
192 $255,605.38 $746.67 $0.00 $1,445.23 $257,797.28
193 $257,797.28 $746.67 $0.00 $1,457.62 $260,001.57
194 $260,001.57 $746.67 $0.00 $1,470.09 $262,218.33
195 $262,218.33 $746.67 $0.00 $1,482.62 $264,447.62
196 $264,447.62 $746.67 $0.00 $1,495.23 $266,689.52
197 $266,689.52 $746.67 $0.00 $1,507.90 $268,944.09
198 $268,944.09 $746.67 $0.00 $1,520.65 $271,211.41
199 $271,211.41 $746.67 $0.00 $1,533.47 $273,491.55
200 $273,491.55 $746.67 $0.00 $1,546.36 $275,784.58
201 $275,784.58 $746.67 $0.00 $1,559.33 $278,090.58
202 $278,090.58 $746.67 $0.00 $1,572.36 $280,409.61
203 $280,409.61 $746.67 $0.00 $1,585.48 $282,741.76
204 $282,741.76 $746.67 $0.00 $1,598.66 $285,087.09
205 $285,087.09 $746.67 $0.00 $1,611.92 $287,445.68
206 $287,445.68 $746.67 $0.00 $1,625.26 $289,817.61
207 $289,817.61 $746.67 $0.00 $1,638.67 $292,202.95
208 $292,202.95 $746.67 $0.00 $1,652.16 $294,601.78
209 $294,601.78 $746.67 $0.00 $1,665.72 $297,014.17
210 $297,014.17 $746.67 $0.00 $1,679.36 $299,440.20
211 $299,440.20 $746.67 $0.00 $1,693.08 $301,879.95
212 $301,879.95 $746.67 $0.00 $1,706.87 $304,333.49
213 $304,333.49 $746.67 $0.00 $1,720.75 $306,800.91
214 $306,800.91 $746.67 $0.00 $1,734.70 $309,282.28
215 $309,282.28 $746.67 $0.00 $1,748.73 $311,777.68
216 $311,777.68 $746.67 $0.00 $1,762.84 $314,287.19
217 $314,287.19 $746.67 $87,538.37 $1,777.03 $229,272.52
218 $229,272.52 $746.67 $0.00 $1,296.34 $231,315.53
219 $231,315.53 $746.67 $0.00 $1,307.89 $233,370.09
220 $233,370.09 $746.67 $0.00 $1,319.51 $235,436.27
221 $235,436.27 $746.67 $0.00 $1,331.19 $237,514.13
222 $237,514.13 $746.67 $0.00 $1,342.94 $239,603.74
223 $239,603.74 $746.67 $0.00 $1,354.75 $241,705.16
224 $241,705.16 $746.67 $0.00 $1,366.64 $243,818.47
225 $243,818.47 $746.67 $0.00 $1,378.59 $245,943.73
226 $245,943.73 $746.67 $0.00 $1,390.60 $248,081.00
227 $248,081.00 $746.67 $0.00 $1,402.69 $250,230.36
228 $250,230.36 $746.67 $0.00 $1,414.84 $252,391.87
229 $252,391.87 $746.67 $91,915.29 $1,427.06 $162,650.31
230 $162,650.31 $746.67 $0.00 $919.65 $164,316.63
231 $164,316.63 $746.67 $0.00 $929.07 $165,992.37
232 $165,992.37 $746.67 $0.00 $938.54 $167,677.58
233 $167,677.58 $746.67 $0.00 $948.07 $169,372.32
234 $169,372.32 $746.67 $0.00 $957.66 $171,076.65
235 $171,076.65 $746.67 $0.00 $967.29 $172,790.61
236 $172,790.61 $746.67 $0.00 $976.98 $174,514.26
237 $174,514.26 $746.67 $0.00 $986.73 $176,247.66
238 $176,247.66 $746.67 $0.00 $996.53 $177,990.86
239 $177,990.86 $746.67 $0.00 $1,006.39 $179,743.92
240 $179,743.92 $746.67 $0.00 $1,016.30 $181,506.89
241 $181,506.89 $746.67 $96,511.05 $1,026.27 $86,768.78
242 $86,768.78 $746.67 $0.00 $490.60 $88,006.05
243 $88,006.05 $746.67 $0.00 $497.60 $89,250.32
244 $89,250.32 $746.67 $0.00 $504.63 $90,501.62
245 $90,501.62 $746.67 $0.00 $511.71 $91,760.00
246 $91,760.00 $746.67 $0.00 $518.82 $93,025.49
247 $93,025.49 $746.67 $0.00 $525.98 $94,298.14
248 $94,298.14 $746.67 $0.00 $533.18 $95,577.99
249 $95,577.99 $746.67 $0.00 $540.41 $96,865.07
250 $96,865.07 $746.67 $0.00 $547.69 $98,159.43
251 $98,159.43 $746.67 $0.00 $555.01 $99,461.11
252 $99,461.11 $746.67 $0.00 $562.37 $100,770.15
253 $100,770.15 $0.00 $101,336.60 $569.77 $3.32