Savings Plan and Future Cost Estimation for Duke University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$199,856
Monthly savings required$1,582

How much will it cost to send your child to Duke University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $799,423.61 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,582.02 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$77,069.00
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 $1,582.02 $0.00 $0.00 $1,582.02
2 $1,582.02 $1,582.02 $0.00 $8.94 $3,172.98
3 $3,172.98 $1,582.02 $0.00 $17.94 $4,772.94
4 $4,772.94 $1,582.02 $0.00 $26.99 $6,381.95
5 $6,381.95 $1,582.02 $0.00 $36.08 $8,000.05
6 $8,000.05 $1,582.02 $0.00 $45.23 $9,627.30
7 $9,627.30 $1,582.02 $0.00 $54.43 $11,263.75
8 $11,263.75 $1,582.02 $0.00 $63.69 $12,909.46
9 $12,909.46 $1,582.02 $0.00 $72.99 $14,564.47
10 $14,564.47 $1,582.02 $0.00 $82.35 $16,228.84
11 $16,228.84 $1,582.02 $0.00 $91.76 $17,902.62
12 $17,902.62 $1,582.02 $0.00 $101.22 $19,585.86
13 $19,585.86 $1,582.02 $0.00 $110.74 $21,278.62
14 $21,278.62 $1,582.02 $0.00 $120.31 $22,980.95
15 $22,980.95 $1,582.02 $0.00 $129.94 $24,692.91
16 $24,692.91 $1,582.02 $0.00 $139.62 $26,414.55
17 $26,414.55 $1,582.02 $0.00 $149.35 $28,145.92
18 $28,145.92 $1,582.02 $0.00 $159.14 $29,887.08
19 $29,887.08 $1,582.02 $0.00 $168.99 $31,638.09
20 $31,638.09 $1,582.02 $0.00 $178.89 $33,399.00
21 $33,399.00 $1,582.02 $0.00 $188.84 $35,169.86
22 $35,169.86 $1,582.02 $0.00 $198.86 $36,950.74
23 $36,950.74 $1,582.02 $0.00 $208.92 $38,741.68
24 $38,741.68 $1,582.02 $0.00 $219.05 $40,542.75
25 $40,542.75 $1,582.02 $0.00 $229.23 $42,354.00
26 $42,354.00 $1,582.02 $0.00 $239.48 $44,175.50
27 $44,175.50 $1,582.02 $0.00 $249.77 $46,007.29
28 $46,007.29 $1,582.02 $0.00 $260.13 $47,849.44
29 $47,849.44 $1,582.02 $0.00 $270.55 $49,702.01
30 $49,702.01 $1,582.02 $0.00 $281.02 $51,565.05
31 $51,565.05 $1,582.02 $0.00 $291.56 $53,438.63
32 $53,438.63 $1,582.02 $0.00 $302.15 $55,322.80
33 $55,322.80 $1,582.02 $0.00 $312.80 $57,217.62
34 $57,217.62 $1,582.02 $0.00 $323.52 $59,123.16
35 $59,123.16 $1,582.02 $0.00 $334.29 $61,039.47
36 $61,039.47 $1,582.02 $0.00 $345.13 $62,966.62
37 $62,966.62 $1,582.02 $0.00 $356.02 $64,904.66
38 $64,904.66 $1,582.02 $0.00 $366.98 $66,853.66
39 $66,853.66 $1,582.02 $0.00 $378.00 $68,813.68
40 $68,813.68 $1,582.02 $0.00 $389.08 $70,784.78
41 $70,784.78 $1,582.02 $0.00 $400.23 $72,767.03
42 $72,767.03 $1,582.02 $0.00 $411.44 $74,760.49
43 $74,760.49 $1,582.02 $0.00 $422.71 $76,765.22
44 $76,765.22 $1,582.02 $0.00 $434.04 $78,781.28
45 $78,781.28 $1,582.02 $0.00 $445.44 $80,808.74
46 $80,808.74 $1,582.02 $0.00 $456.90 $82,847.66
47 $82,847.66 $1,582.02 $0.00 $468.43 $84,898.11
48 $84,898.11 $1,582.02 $0.00 $480.03 $86,960.16
49 $86,960.16 $1,582.02 $0.00 $491.69 $89,033.87
50 $89,033.87 $1,582.02 $0.00 $503.41 $91,119.30
51 $91,119.30 $1,582.02 $0.00 $515.20 $93,216.52
52 $93,216.52 $1,582.02 $0.00 $527.06 $95,325.60
53 $95,325.60 $1,582.02 $0.00 $538.98 $97,446.60
54 $97,446.60 $1,582.02 $0.00 $550.98 $99,579.60
55 $99,579.60 $1,582.02 $0.00 $563.04 $101,724.66
56 $101,724.66 $1,582.02 $0.00 $575.17 $103,881.85
57 $103,881.85 $1,582.02 $0.00 $587.36 $106,051.23
58 $106,051.23 $1,582.02 $0.00 $599.63 $108,232.88
59 $108,232.88 $1,582.02 $0.00 $611.96 $110,426.86
60 $110,426.86 $1,582.02 $0.00 $624.37 $112,633.25
61 $112,633.25 $1,582.02 $0.00 $636.84 $114,852.11
62 $114,852.11 $1,582.02 $0.00 $649.39 $117,083.52
63 $117,083.52 $1,582.02 $0.00 $662.01 $119,327.55
64 $119,327.55 $1,582.02 $0.00 $674.70 $121,584.27
65 $121,584.27 $1,582.02 $0.00 $687.46 $123,853.75
66 $123,853.75 $1,582.02 $0.00 $700.29 $126,136.06
67 $126,136.06 $1,582.02 $0.00 $713.19 $128,431.27
68 $128,431.27 $1,582.02 $0.00 $726.17 $130,739.46
69 $130,739.46 $1,582.02 $0.00 $739.22 $133,060.70
70 $133,060.70 $1,582.02 $0.00 $752.34 $135,395.06
71 $135,395.06 $1,582.02 $0.00 $765.54 $137,742.62
72 $137,742.62 $1,582.02 $0.00 $778.82 $140,103.46
73 $140,103.46 $1,582.02 $0.00 $792.17 $142,477.65
74 $142,477.65 $1,582.02 $0.00 $805.59 $144,865.26
75 $144,865.26 $1,582.02 $0.00 $819.09 $147,266.37
76 $147,266.37 $1,582.02 $0.00 $832.67 $149,681.06
77 $149,681.06 $1,582.02 $0.00 $846.32 $152,109.40
78 $152,109.40 $1,582.02 $0.00 $860.05 $154,551.47
79 $154,551.47 $1,582.02 $0.00 $873.86 $157,007.35
80 $157,007.35 $1,582.02 $0.00 $887.74 $159,477.11
81 $159,477.11 $1,582.02 $0.00 $901.71 $161,960.84
82 $161,960.84 $1,582.02 $0.00 $915.75 $164,458.61
83 $164,458.61 $1,582.02 $0.00 $929.87 $166,970.50
84 $166,970.50 $1,582.02 $0.00 $944.08 $169,496.60
85 $169,496.60 $1,582.02 $0.00 $958.36 $172,036.98
86 $172,036.98 $1,582.02 $0.00 $972.72 $174,591.72
87 $174,591.72 $1,582.02 $0.00 $987.17 $177,160.91
88 $177,160.91 $1,582.02 $0.00 $1,001.69 $179,744.62
89 $179,744.62 $1,582.02 $0.00 $1,016.30 $182,342.94
90 $182,342.94 $1,582.02 $0.00 $1,030.99 $184,955.95
91 $184,955.95 $1,582.02 $0.00 $1,045.77 $187,583.74
92 $187,583.74 $1,582.02 $0.00 $1,060.63 $190,226.39
93 $190,226.39 $1,582.02 $0.00 $1,075.57 $192,883.98
94 $192,883.98 $1,582.02 $0.00 $1,090.59 $195,556.59
95 $195,556.59 $1,582.02 $0.00 $1,105.71 $198,244.32
96 $198,244.32 $1,582.02 $0.00 $1,120.90 $200,947.24
97 $200,947.24 $1,582.02 $0.00 $1,136.18 $203,665.44
98 $203,665.44 $1,582.02 $0.00 $1,151.55 $206,399.01
99 $206,399.01 $1,582.02 $0.00 $1,167.01 $209,148.04
100 $209,148.04 $1,582.02 $0.00 $1,182.55 $211,912.61
101 $211,912.61 $1,582.02 $0.00 $1,198.18 $214,692.81
102 $214,692.81 $1,582.02 $0.00 $1,213.90 $217,488.73
103 $217,488.73 $1,582.02 $0.00 $1,229.71 $220,300.46
104 $220,300.46 $1,582.02 $0.00 $1,245.61 $223,128.09
105 $223,128.09 $1,582.02 $0.00 $1,261.60 $225,971.71
106 $225,971.71 $1,582.02 $0.00 $1,277.68 $228,831.41
107 $228,831.41 $1,582.02 $0.00 $1,293.85 $231,707.28
108 $231,707.28 $1,582.02 $0.00 $1,310.11 $234,599.41
109 $234,599.41 $1,582.02 $0.00 $1,326.46 $237,507.89
110 $237,507.89 $1,582.02 $0.00 $1,342.90 $240,432.81
111 $240,432.81 $1,582.02 $0.00 $1,359.44 $243,374.27
112 $243,374.27 $1,582.02 $0.00 $1,376.07 $246,332.36
113 $246,332.36 $1,582.02 $0.00 $1,392.80 $249,307.18
114 $249,307.18 $1,582.02 $0.00 $1,409.62 $252,298.82
115 $252,298.82 $1,582.02 $0.00 $1,426.53 $255,307.37
116 $255,307.37 $1,582.02 $0.00 $1,443.54 $258,332.93
117 $258,332.93 $1,582.02 $0.00 $1,460.65 $261,375.60
118 $261,375.60 $1,582.02 $0.00 $1,477.86 $264,435.48
119 $264,435.48 $1,582.02 $0.00 $1,495.16 $267,512.66
120 $267,512.66 $1,582.02 $0.00 $1,512.56 $270,607.24
121 $270,607.24 $1,582.02 $0.00 $1,530.05 $273,719.31
122 $273,719.31 $1,582.02 $0.00 $1,547.65 $276,848.98
123 $276,848.98 $1,582.02 $0.00 $1,565.34 $279,996.34
124 $279,996.34 $1,582.02 $0.00 $1,583.14 $283,161.50
125 $283,161.50 $1,582.02 $0.00 $1,601.04 $286,344.56
126 $286,344.56 $1,582.02 $0.00 $1,619.03 $289,545.61
127 $289,545.61 $1,582.02 $0.00 $1,637.13 $292,764.76
128 $292,764.76 $1,582.02 $0.00 $1,655.33 $296,002.11
129 $296,002.11 $1,582.02 $0.00 $1,673.64 $299,257.77
130 $299,257.77 $1,582.02 $0.00 $1,692.05 $302,531.84
131 $302,531.84 $1,582.02 $0.00 $1,710.56 $305,824.42
132 $305,824.42 $1,582.02 $0.00 $1,729.18 $309,135.62
133 $309,135.62 $1,582.02 $0.00 $1,747.90 $312,465.54
134 $312,465.54 $1,582.02 $0.00 $1,766.73 $315,814.29
135 $315,814.29 $1,582.02 $0.00 $1,785.66 $319,181.97
136 $319,181.97 $1,582.02 $0.00 $1,804.70 $322,568.69
137 $322,568.69 $1,582.02 $0.00 $1,823.85 $325,974.56
138 $325,974.56 $1,582.02 $0.00 $1,843.11 $329,399.69
139 $329,399.69 $1,582.02 $0.00 $1,862.47 $332,844.18
140 $332,844.18 $1,582.02 $0.00 $1,881.95 $336,308.15
141 $336,308.15 $1,582.02 $0.00 $1,901.54 $339,791.71
142 $339,791.71 $1,582.02 $0.00 $1,921.23 $343,294.96
143 $343,294.96 $1,582.02 $0.00 $1,941.04 $346,818.02
144 $346,818.02 $1,582.02 $0.00 $1,960.96 $350,361.00
145 $350,361.00 $1,582.02 $0.00 $1,980.99 $353,924.01
146 $353,924.01 $1,582.02 $0.00 $2,001.14 $357,507.17
147 $357,507.17 $1,582.02 $0.00 $2,021.40 $361,110.59
148 $361,110.59 $1,582.02 $0.00 $2,041.77 $364,734.38
149 $364,734.38 $1,582.02 $0.00 $2,062.26 $368,378.66
150 $368,378.66 $1,582.02 $0.00 $2,082.87 $372,043.55
151 $372,043.55 $1,582.02 $0.00 $2,103.59 $375,729.16
152 $375,729.16 $1,582.02 $0.00 $2,124.43 $379,435.61
153 $379,435.61 $1,582.02 $0.00 $2,145.38 $383,163.01
154 $383,163.01 $1,582.02 $0.00 $2,166.46 $386,911.49
155 $386,911.49 $1,582.02 $0.00 $2,187.65 $390,681.16
156 $390,681.16 $1,582.02 $0.00 $2,208.97 $394,472.15
157 $394,472.15 $1,582.02 $0.00 $2,230.40 $398,284.57
158 $398,284.57 $1,582.02 $0.00 $2,251.96 $402,118.55
159 $402,118.55 $1,582.02 $0.00 $2,273.64 $405,974.21
160 $405,974.21 $1,582.02 $0.00 $2,295.44 $409,851.67
161 $409,851.67 $1,582.02 $0.00 $2,317.36 $413,751.05
162 $413,751.05 $1,582.02 $0.00 $2,339.41 $417,672.48
163 $417,672.48 $1,582.02 $0.00 $2,361.58 $421,616.08
164 $421,616.08 $1,582.02 $0.00 $2,383.88 $425,581.98
165 $425,581.98 $1,582.02 $0.00 $2,406.30 $429,570.30
166 $429,570.30 $1,582.02 $0.00 $2,428.85 $433,581.17
167 $433,581.17 $1,582.02 $0.00 $2,451.53 $437,614.72
168 $437,614.72 $1,582.02 $0.00 $2,474.34 $441,671.08
169 $441,671.08 $1,582.02 $0.00 $2,497.27 $445,750.37
170 $445,750.37 $1,582.02 $0.00 $2,520.34 $449,852.73
171 $449,852.73 $1,582.02 $0.00 $2,543.53 $453,978.28
172 $453,978.28 $1,582.02 $0.00 $2,566.86 $458,127.16
173 $458,127.16 $1,582.02 $0.00 $2,590.32 $462,299.50
174 $462,299.50 $1,582.02 $0.00 $2,613.91 $466,495.43
175 $466,495.43 $1,582.02 $0.00 $2,637.63 $470,715.08
176 $470,715.08 $1,582.02 $0.00 $2,661.49 $474,958.59
177 $474,958.59 $1,582.02 $0.00 $2,685.48 $479,226.09
178 $479,226.09 $1,582.02 $0.00 $2,709.61 $483,517.72
179 $483,517.72 $1,582.02 $0.00 $2,733.88 $487,833.62
180 $487,833.62 $1,582.02 $0.00 $2,758.28 $492,173.92
181 $492,173.92 $1,582.02 $0.00 $2,782.82 $496,538.76
182 $496,538.76 $1,582.02 $0.00 $2,807.50 $500,928.28
183 $500,928.28 $1,582.02 $0.00 $2,832.32 $505,342.62
184 $505,342.62 $1,582.02 $0.00 $2,857.28 $509,781.92
185 $509,781.92 $1,582.02 $0.00 $2,882.38 $514,246.32
186 $514,246.32 $1,582.02 $0.00 $2,907.62 $518,735.96
187 $518,735.96 $1,582.02 $0.00 $2,933.01 $523,250.99
188 $523,250.99 $1,582.02 $0.00 $2,958.54 $527,791.55
189 $527,791.55 $1,582.02 $0.00 $2,984.21 $532,357.78
190 $532,357.78 $1,582.02 $0.00 $3,010.03 $536,949.83
191 $536,949.83 $1,582.02 $0.00 $3,035.99 $541,567.84
192 $541,567.84 $1,582.02 $0.00 $3,062.10 $546,211.96
193 $546,211.96 $1,582.02 $0.00 $3,088.36 $550,882.34
194 $550,882.34 $1,582.02 $0.00 $3,114.77 $555,579.13
195 $555,579.13 $1,582.02 $0.00 $3,141.33 $560,302.48
196 $560,302.48 $1,582.02 $0.00 $3,168.03 $565,052.53
197 $565,052.53 $1,582.02 $0.00 $3,194.89 $569,829.44
198 $569,829.44 $1,582.02 $0.00 $3,221.90 $574,633.36
199 $574,633.36 $1,582.02 $0.00 $3,249.06 $579,464.44
200 $579,464.44 $1,582.02 $0.00 $3,276.38 $584,322.84
201 $584,322.84 $1,582.02 $0.00 $3,303.85 $589,208.71
202 $589,208.71 $1,582.02 $0.00 $3,331.47 $594,122.20
203 $594,122.20 $1,582.02 $0.00 $3,359.25 $599,063.47
204 $599,063.47 $1,582.02 $0.00 $3,387.19 $604,032.68
205 $604,032.68 $1,582.02 $0.00 $3,415.29 $609,029.99
206 $609,029.99 $1,582.02 $0.00 $3,443.54 $614,055.55
207 $614,055.55 $1,582.02 $0.00 $3,471.96 $619,109.53
208 $619,109.53 $1,582.02 $0.00 $3,500.54 $624,192.09
209 $624,192.09 $1,582.02 $0.00 $3,529.27 $629,303.38
210 $629,303.38 $1,582.02 $0.00 $3,558.17 $634,443.57
211 $634,443.57 $1,582.02 $0.00 $3,587.24 $639,612.83
212 $639,612.83 $1,582.02 $0.00 $3,616.46 $644,811.31
213 $644,811.31 $1,582.02 $0.00 $3,645.86 $650,039.19
214 $650,039.19 $1,582.02 $0.00 $3,675.42 $655,296.63
215 $655,296.63 $1,582.02 $0.00 $3,705.14 $660,583.79
216 $660,583.79 $1,582.02 $0.00 $3,735.04 $665,900.85
217 $665,900.85 $1,582.02 $185,475.74 $3,765.10 $485,772.23
218 $485,772.23 $1,582.02 $0.00 $2,746.63 $490,100.88
219 $490,100.88 $1,582.02 $0.00 $2,771.10 $494,454.00
220 $494,454.00 $1,582.02 $0.00 $2,795.71 $498,831.73
221 $498,831.73 $1,582.02 $0.00 $2,820.47 $503,234.22
222 $503,234.22 $1,582.02 $0.00 $2,845.36 $507,661.60
223 $507,661.60 $1,582.02 $0.00 $2,870.39 $512,114.01
224 $512,114.01 $1,582.02 $0.00 $2,895.57 $516,591.60
225 $516,591.60 $1,582.02 $0.00 $2,920.88 $521,094.50
226 $521,094.50 $1,582.02 $0.00 $2,946.34 $525,622.86
227 $525,622.86 $1,582.02 $0.00 $2,971.95 $530,176.83
228 $530,176.83 $1,582.02 $0.00 $2,997.70 $534,756.55
229 $534,756.55 $1,582.02 $194,749.52 $3,023.59 $344,612.64
230 $344,612.64 $1,582.02 $0.00 $1,948.49 $348,143.15
231 $348,143.15 $1,582.02 $0.00 $1,968.45 $351,693.62
232 $351,693.62 $1,582.02 $0.00 $1,988.53 $355,264.17
233 $355,264.17 $1,582.02 $0.00 $2,008.72 $358,854.91
234 $358,854.91 $1,582.02 $0.00 $2,029.02 $362,465.95
235 $362,465.95 $1,582.02 $0.00 $2,049.44 $366,097.41
236 $366,097.41 $1,582.02 $0.00 $2,069.97 $369,749.40
237 $369,749.40 $1,582.02 $0.00 $2,090.62 $373,422.04
238 $373,422.04 $1,582.02 $0.00 $2,111.38 $377,115.44
239 $377,115.44 $1,582.02 $0.00 $2,132.27 $380,829.73
240 $380,829.73 $1,582.02 $0.00 $2,153.27 $384,565.02
241 $384,565.02 $1,582.02 $204,487.00 $2,174.39 $183,834.43
242 $183,834.43 $1,582.02 $0.00 $1,039.43 $186,455.88
243 $186,455.88 $1,582.02 $0.00 $1,054.25 $189,092.15
244 $189,092.15 $1,582.02 $0.00 $1,069.15 $191,743.32
245 $191,743.32 $1,582.02 $0.00 $1,084.14 $194,409.48
246 $194,409.48 $1,582.02 $0.00 $1,099.22 $197,090.72
247 $197,090.72 $1,582.02 $0.00 $1,114.38 $199,787.12
248 $199,787.12 $1,582.02 $0.00 $1,129.63 $202,498.77
249 $202,498.77 $1,582.02 $0.00 $1,144.96 $205,225.75
250 $205,225.75 $1,582.02 $0.00 $1,160.38 $207,968.15
251 $207,968.15 $1,582.02 $0.00 $1,175.88 $210,726.05
252 $210,726.05 $1,582.02 $0.00 $1,191.48 $213,499.55
253 $213,499.55 $0.00 $214,711.35 $1,207.16 ($4.64)