Savings Plan and Future Cost Estimation for Greensboro College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$84,824
Monthly savings required$671

How much will it cost to send your child to Greensboro College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $339,295.26 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $671.45 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$32,710.00
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 $671.45 $0.00 $0.00 $671.45
2 $671.45 $671.45 $0.00 $3.80 $1,346.70
3 $1,346.70 $671.45 $0.00 $7.61 $2,025.76
4 $2,025.76 $671.45 $0.00 $11.45 $2,708.66
5 $2,708.66 $671.45 $0.00 $15.32 $3,395.43
6 $3,395.43 $671.45 $0.00 $19.20 $4,086.08
7 $4,086.08 $671.45 $0.00 $23.10 $4,780.63
8 $4,780.63 $671.45 $0.00 $27.03 $5,479.11
9 $5,479.11 $671.45 $0.00 $30.98 $6,181.54
10 $6,181.54 $671.45 $0.00 $34.95 $6,887.94
11 $6,887.94 $671.45 $0.00 $38.95 $7,598.34
12 $7,598.34 $671.45 $0.00 $42.96 $8,312.75
13 $8,312.75 $671.45 $0.00 $47.00 $9,031.20
14 $9,031.20 $671.45 $0.00 $51.06 $9,753.71
15 $9,753.71 $671.45 $0.00 $55.15 $10,480.31
16 $10,480.31 $671.45 $0.00 $59.26 $11,211.02
17 $11,211.02 $671.45 $0.00 $63.39 $11,945.86
18 $11,945.86 $671.45 $0.00 $67.54 $12,684.85
19 $12,684.85 $671.45 $0.00 $71.72 $13,428.02
20 $13,428.02 $671.45 $0.00 $75.92 $14,175.39
21 $14,175.39 $671.45 $0.00 $80.15 $14,926.99
22 $14,926.99 $671.45 $0.00 $84.40 $15,682.84
23 $15,682.84 $671.45 $0.00 $88.67 $16,442.96
24 $16,442.96 $671.45 $0.00 $92.97 $17,207.38
25 $17,207.38 $671.45 $0.00 $97.29 $17,976.12
26 $17,976.12 $671.45 $0.00 $101.64 $18,749.21
27 $18,749.21 $671.45 $0.00 $106.01 $19,526.67
28 $19,526.67 $671.45 $0.00 $110.41 $20,308.53
29 $20,308.53 $671.45 $0.00 $114.83 $21,094.81
30 $21,094.81 $671.45 $0.00 $119.27 $21,885.53
31 $21,885.53 $671.45 $0.00 $123.74 $22,680.72
32 $22,680.72 $671.45 $0.00 $128.24 $23,480.41
33 $23,480.41 $671.45 $0.00 $132.76 $24,284.62
34 $24,284.62 $671.45 $0.00 $137.31 $25,093.38
35 $25,093.38 $671.45 $0.00 $141.88 $25,906.71
36 $25,906.71 $671.45 $0.00 $146.48 $26,724.64
37 $26,724.64 $671.45 $0.00 $151.10 $27,547.19
38 $27,547.19 $671.45 $0.00 $155.76 $28,374.40
39 $28,374.40 $671.45 $0.00 $160.43 $29,206.28
40 $29,206.28 $671.45 $0.00 $165.14 $30,042.87
41 $30,042.87 $671.45 $0.00 $169.87 $30,884.19
42 $30,884.19 $671.45 $0.00 $174.62 $31,730.26
43 $31,730.26 $671.45 $0.00 $179.41 $32,581.12
44 $32,581.12 $671.45 $0.00 $184.22 $33,436.79
45 $33,436.79 $671.45 $0.00 $189.06 $34,297.30
46 $34,297.30 $671.45 $0.00 $193.92 $35,162.67
47 $35,162.67 $671.45 $0.00 $198.81 $36,032.93
48 $36,032.93 $671.45 $0.00 $203.74 $36,908.12
49 $36,908.12 $671.45 $0.00 $208.68 $37,788.25
50 $37,788.25 $671.45 $0.00 $213.66 $38,673.36
51 $38,673.36 $671.45 $0.00 $218.66 $39,563.47
52 $39,563.47 $671.45 $0.00 $223.70 $40,458.62
53 $40,458.62 $671.45 $0.00 $228.76 $41,358.83
54 $41,358.83 $671.45 $0.00 $233.85 $42,264.13
55 $42,264.13 $671.45 $0.00 $238.97 $43,174.55
56 $43,174.55 $671.45 $0.00 $244.12 $44,090.12
57 $44,090.12 $671.45 $0.00 $249.29 $45,010.86
58 $45,010.86 $671.45 $0.00 $254.50 $45,936.81
59 $45,936.81 $671.45 $0.00 $259.73 $46,867.99
60 $46,867.99 $671.45 $0.00 $265.00 $47,804.44
61 $47,804.44 $671.45 $0.00 $270.29 $48,746.18
62 $48,746.18 $671.45 $0.00 $275.62 $49,693.25
63 $49,693.25 $671.45 $0.00 $280.97 $50,645.67
64 $50,645.67 $671.45 $0.00 $286.36 $51,603.48
65 $51,603.48 $671.45 $0.00 $291.77 $52,566.70
66 $52,566.70 $671.45 $0.00 $297.22 $53,535.37
67 $53,535.37 $671.45 $0.00 $302.70 $54,509.52
68 $54,509.52 $671.45 $0.00 $308.20 $55,489.17
69 $55,489.17 $671.45 $0.00 $313.74 $56,474.36
70 $56,474.36 $671.45 $0.00 $319.31 $57,465.12
71 $57,465.12 $671.45 $0.00 $324.92 $58,461.49
72 $58,461.49 $671.45 $0.00 $330.55 $59,463.49
73 $59,463.49 $671.45 $0.00 $336.22 $60,471.16
74 $60,471.16 $671.45 $0.00 $341.91 $61,484.52
75 $61,484.52 $671.45 $0.00 $347.64 $62,503.61
76 $62,503.61 $671.45 $0.00 $353.40 $63,528.46
77 $63,528.46 $671.45 $0.00 $359.20 $64,559.11
78 $64,559.11 $671.45 $0.00 $365.03 $65,595.59
79 $65,595.59 $671.45 $0.00 $370.89 $66,637.93
80 $66,637.93 $671.45 $0.00 $376.78 $67,686.16
81 $67,686.16 $671.45 $0.00 $382.71 $68,740.32
82 $68,740.32 $671.45 $0.00 $388.67 $69,800.44
83 $69,800.44 $671.45 $0.00 $394.66 $70,866.55
84 $70,866.55 $671.45 $0.00 $400.69 $71,938.69
85 $71,938.69 $671.45 $0.00 $406.75 $73,016.89
86 $73,016.89 $671.45 $0.00 $412.85 $74,101.19
87 $74,101.19 $671.45 $0.00 $418.98 $75,191.62
88 $75,191.62 $671.45 $0.00 $425.14 $76,288.21
89 $76,288.21 $671.45 $0.00 $431.34 $77,391.00
90 $77,391.00 $671.45 $0.00 $437.58 $78,500.03
91 $78,500.03 $671.45 $0.00 $443.85 $79,615.33
92 $79,615.33 $671.45 $0.00 $450.16 $80,736.94
93 $80,736.94 $671.45 $0.00 $456.50 $81,864.89
94 $81,864.89 $671.45 $0.00 $462.88 $82,999.22
95 $82,999.22 $671.45 $0.00 $469.29 $84,139.96
96 $84,139.96 $671.45 $0.00 $475.74 $85,287.15
97 $85,287.15 $671.45 $0.00 $482.23 $86,440.83
98 $86,440.83 $671.45 $0.00 $488.75 $87,601.03
99 $87,601.03 $671.45 $0.00 $495.31 $88,767.79
100 $88,767.79 $671.45 $0.00 $501.91 $89,941.15
101 $89,941.15 $671.45 $0.00 $508.54 $91,121.14
102 $91,121.14 $671.45 $0.00 $515.21 $92,307.80
103 $92,307.80 $671.45 $0.00 $521.92 $93,501.17
104 $93,501.17 $671.45 $0.00 $528.67 $94,701.29
105 $94,701.29 $671.45 $0.00 $535.45 $95,908.19
106 $95,908.19 $671.45 $0.00 $542.28 $97,121.92
107 $97,121.92 $671.45 $0.00 $549.14 $98,342.51
108 $98,342.51 $671.45 $0.00 $556.04 $99,570.00
109 $99,570.00 $671.45 $0.00 $562.98 $100,804.43
110 $100,804.43 $671.45 $0.00 $569.96 $102,045.84
111 $102,045.84 $671.45 $0.00 $576.98 $103,294.27
112 $103,294.27 $671.45 $0.00 $584.04 $104,549.76
113 $104,549.76 $671.45 $0.00 $591.14 $105,812.35
114 $105,812.35 $671.45 $0.00 $598.28 $107,082.08
115 $107,082.08 $671.45 $0.00 $605.46 $108,358.99
116 $108,358.99 $671.45 $0.00 $612.68 $109,643.12
117 $109,643.12 $671.45 $0.00 $619.94 $110,934.51
118 $110,934.51 $671.45 $0.00 $627.24 $112,233.20
119 $112,233.20 $671.45 $0.00 $634.58 $113,539.23
120 $113,539.23 $671.45 $0.00 $641.97 $114,852.65
121 $114,852.65 $671.45 $0.00 $649.39 $116,173.49
122 $116,173.49 $671.45 $0.00 $656.86 $117,501.80
123 $117,501.80 $671.45 $0.00 $664.37 $118,837.62
124 $118,837.62 $671.45 $0.00 $671.93 $120,181.00
125 $120,181.00 $671.45 $0.00 $679.52 $121,531.97
126 $121,531.97 $671.45 $0.00 $687.16 $122,890.58
127 $122,890.58 $671.45 $0.00 $694.84 $124,256.87
128 $124,256.87 $671.45 $0.00 $702.57 $125,630.89
129 $125,630.89 $671.45 $0.00 $710.34 $127,012.68
130 $127,012.68 $671.45 $0.00 $718.15 $128,402.28
131 $128,402.28 $671.45 $0.00 $726.01 $129,799.74
132 $129,799.74 $671.45 $0.00 $733.91 $131,205.10
133 $131,205.10 $671.45 $0.00 $741.85 $132,618.40
134 $132,618.40 $671.45 $0.00 $749.84 $134,039.69
135 $134,039.69 $671.45 $0.00 $757.88 $135,469.02
136 $135,469.02 $671.45 $0.00 $765.96 $136,906.43
137 $136,906.43 $671.45 $0.00 $774.09 $138,351.97
138 $138,351.97 $671.45 $0.00 $782.26 $139,805.68
139 $139,805.68 $671.45 $0.00 $790.48 $141,267.61
140 $141,267.61 $671.45 $0.00 $798.75 $142,737.81
141 $142,737.81 $671.45 $0.00 $807.06 $144,216.32
142 $144,216.32 $671.45 $0.00 $815.42 $145,703.19
143 $145,703.19 $671.45 $0.00 $823.83 $147,198.47
144 $147,198.47 $671.45 $0.00 $832.28 $148,702.20
145 $148,702.20 $671.45 $0.00 $840.78 $150,214.43
146 $150,214.43 $671.45 $0.00 $849.33 $151,735.21
147 $151,735.21 $671.45 $0.00 $857.93 $153,264.59
148 $153,264.59 $671.45 $0.00 $866.58 $154,802.62
149 $154,802.62 $671.45 $0.00 $875.28 $156,349.35
150 $156,349.35 $671.45 $0.00 $884.02 $157,904.82
151 $157,904.82 $671.45 $0.00 $892.82 $159,469.09
152 $159,469.09 $671.45 $0.00 $901.66 $161,042.20
153 $161,042.20 $671.45 $0.00 $910.56 $162,624.21
154 $162,624.21 $671.45 $0.00 $919.50 $164,215.16
155 $164,215.16 $671.45 $0.00 $928.50 $165,815.11
156 $165,815.11 $671.45 $0.00 $937.54 $167,424.10
157 $167,424.10 $671.45 $0.00 $946.64 $169,042.19
158 $169,042.19 $671.45 $0.00 $955.79 $170,669.43
159 $170,669.43 $671.45 $0.00 $964.99 $172,305.87
160 $172,305.87 $671.45 $0.00 $974.24 $173,951.56
161 $173,951.56 $671.45 $0.00 $983.55 $175,606.56
162 $175,606.56 $671.45 $0.00 $992.91 $177,270.92
163 $177,270.92 $671.45 $0.00 $1,002.32 $178,944.69
164 $178,944.69 $671.45 $0.00 $1,011.78 $180,627.92
165 $180,627.92 $671.45 $0.00 $1,021.30 $182,320.67
166 $182,320.67 $671.45 $0.00 $1,030.87 $184,022.99
167 $184,022.99 $671.45 $0.00 $1,040.49 $185,734.93
168 $185,734.93 $671.45 $0.00 $1,050.17 $187,456.55
169 $187,456.55 $671.45 $0.00 $1,059.91 $189,187.91
170 $189,187.91 $671.45 $0.00 $1,069.70 $190,929.06
171 $190,929.06 $671.45 $0.00 $1,079.54 $192,680.05
172 $192,680.05 $671.45 $0.00 $1,089.44 $194,440.94
173 $194,440.94 $671.45 $0.00 $1,099.40 $196,211.79
174 $196,211.79 $671.45 $0.00 $1,109.41 $197,992.65
175 $197,992.65 $671.45 $0.00 $1,119.48 $199,783.58
176 $199,783.58 $671.45 $0.00 $1,129.61 $201,584.64
177 $201,584.64 $671.45 $0.00 $1,139.79 $203,395.88
178 $203,395.88 $671.45 $0.00 $1,150.03 $205,217.36
179 $205,217.36 $671.45 $0.00 $1,160.33 $207,049.14
180 $207,049.14 $671.45 $0.00 $1,170.69 $208,891.28
181 $208,891.28 $671.45 $0.00 $1,181.10 $210,743.83
182 $210,743.83 $671.45 $0.00 $1,191.58 $212,606.86
183 $212,606.86 $671.45 $0.00 $1,202.11 $214,480.42
184 $214,480.42 $671.45 $0.00 $1,212.70 $216,364.57
185 $216,364.57 $671.45 $0.00 $1,223.36 $218,259.38
186 $218,259.38 $671.45 $0.00 $1,234.07 $220,164.90
187 $220,164.90 $671.45 $0.00 $1,244.84 $222,081.19
188 $222,081.19 $671.45 $0.00 $1,255.68 $224,008.32
189 $224,008.32 $671.45 $0.00 $1,266.58 $225,946.35
190 $225,946.35 $671.45 $0.00 $1,277.53 $227,895.33
191 $227,895.33 $671.45 $0.00 $1,288.55 $229,855.33
192 $229,855.33 $671.45 $0.00 $1,299.64 $231,826.42
193 $231,826.42 $671.45 $0.00 $1,310.78 $233,808.65
194 $233,808.65 $671.45 $0.00 $1,321.99 $235,802.09
195 $235,802.09 $671.45 $0.00 $1,333.26 $237,806.80
196 $237,806.80 $671.45 $0.00 $1,344.59 $239,822.84
197 $239,822.84 $671.45 $0.00 $1,355.99 $241,850.28
198 $241,850.28 $671.45 $0.00 $1,367.46 $243,889.19
199 $243,889.19 $671.45 $0.00 $1,378.98 $245,939.62
200 $245,939.62 $671.45 $0.00 $1,390.58 $248,001.65
201 $248,001.65 $671.45 $0.00 $1,402.24 $250,075.34
202 $250,075.34 $671.45 $0.00 $1,413.96 $252,160.75
203 $252,160.75 $671.45 $0.00 $1,425.75 $254,257.95
204 $254,257.95 $671.45 $0.00 $1,437.61 $256,367.01
205 $256,367.01 $671.45 $0.00 $1,449.54 $258,488.00
206 $258,488.00 $671.45 $0.00 $1,461.53 $260,620.98
207 $260,620.98 $671.45 $0.00 $1,473.59 $262,766.02
208 $262,766.02 $671.45 $0.00 $1,485.72 $264,923.19
209 $264,923.19 $671.45 $0.00 $1,497.91 $267,092.55
210 $267,092.55 $671.45 $0.00 $1,510.18 $269,274.18
211 $269,274.18 $671.45 $0.00 $1,522.52 $271,468.15
212 $271,468.15 $671.45 $0.00 $1,534.92 $273,674.52
213 $273,674.52 $671.45 $0.00 $1,547.40 $275,893.37
214 $275,893.37 $671.45 $0.00 $1,559.94 $278,124.76
215 $278,124.76 $671.45 $0.00 $1,572.56 $280,368.77
216 $280,368.77 $671.45 $0.00 $1,585.25 $282,625.47
217 $282,625.47 $671.45 $78,720.52 $1,598.01 $206,174.41
218 $206,174.41 $671.45 $0.00 $1,165.74 $208,011.60
219 $208,011.60 $671.45 $0.00 $1,176.13 $209,859.18
220 $209,859.18 $671.45 $0.00 $1,186.57 $211,717.20
221 $211,717.20 $671.45 $0.00 $1,197.08 $213,585.73
222 $213,585.73 $671.45 $0.00 $1,207.64 $215,464.82
223 $215,464.82 $671.45 $0.00 $1,218.27 $217,354.54
224 $217,354.54 $671.45 $0.00 $1,228.95 $219,254.94
225 $219,254.94 $671.45 $0.00 $1,239.70 $221,166.09
226 $221,166.09 $671.45 $0.00 $1,250.51 $223,088.05
227 $223,088.05 $671.45 $0.00 $1,261.37 $225,020.87
228 $225,020.87 $671.45 $0.00 $1,272.30 $226,964.62
229 $226,964.62 $671.45 $82,656.54 $1,283.29 $146,262.82
230 $146,262.82 $671.45 $0.00 $826.99 $147,761.26
231 $147,761.26 $671.45 $0.00 $835.46 $149,268.17
232 $149,268.17 $671.45 $0.00 $843.98 $150,783.60
233 $150,783.60 $671.45 $0.00 $852.55 $152,307.60
234 $152,307.60 $671.45 $0.00 $861.17 $153,840.22
235 $153,840.22 $671.45 $0.00 $869.83 $155,381.50
236 $155,381.50 $671.45 $0.00 $878.55 $156,931.50
237 $156,931.50 $671.45 $0.00 $887.31 $158,490.26
238 $158,490.26 $671.45 $0.00 $896.13 $160,057.84
239 $160,057.84 $671.45 $0.00 $904.99 $161,634.28
240 $161,634.28 $671.45 $0.00 $913.90 $163,219.63
241 $163,219.63 $671.45 $86,789.37 $922.87 $78,024.58
242 $78,024.58 $671.45 $0.00 $441.16 $79,137.19
243 $79,137.19 $671.45 $0.00 $447.45 $80,256.09
244 $80,256.09 $671.45 $0.00 $453.78 $81,381.32
245 $81,381.32 $671.45 $0.00 $460.14 $82,512.91
246 $82,512.91 $671.45 $0.00 $466.54 $83,650.90
247 $83,650.90 $671.45 $0.00 $472.97 $84,795.32
248 $84,795.32 $671.45 $0.00 $479.45 $85,946.22
249 $85,946.22 $671.45 $0.00 $485.95 $87,103.62
250 $87,103.62 $671.45 $0.00 $492.50 $88,267.57
251 $88,267.57 $671.45 $0.00 $499.08 $89,438.10
252 $89,438.10 $671.45 $0.00 $505.70 $90,615.25
253 $90,615.25 $0.00 $91,128.84 $512.35 ($1.24)