Savings Plan and Future Cost Estimation for Capital University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$213,778
Monthly savings required$1,690

How much will it cost to send your child to Capital University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $855,112.16 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,689.54 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$56,982.00
Years until enrollment18
Annual Tuition Increase7%
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 $1,689.54 $0.00 $0.00 $1,689.54
2 $1,689.54 $1,689.54 $0.00 $9.55 $3,388.63
3 $3,388.63 $1,689.54 $0.00 $19.16 $5,097.33
4 $5,097.33 $1,689.54 $0.00 $28.82 $6,815.69
5 $6,815.69 $1,689.54 $0.00 $38.54 $8,543.77
6 $8,543.77 $1,689.54 $0.00 $48.31 $10,281.62
7 $10,281.62 $1,689.54 $0.00 $58.13 $12,029.29
8 $12,029.29 $1,689.54 $0.00 $68.02 $13,786.85
9 $13,786.85 $1,689.54 $0.00 $77.95 $15,554.34
10 $15,554.34 $1,689.54 $0.00 $87.95 $17,331.83
11 $17,331.83 $1,689.54 $0.00 $98.00 $19,119.37
12 $19,119.37 $1,689.54 $0.00 $108.10 $20,917.01
13 $20,917.01 $1,689.54 $0.00 $118.27 $22,724.82
14 $22,724.82 $1,689.54 $0.00 $128.49 $24,542.85
15 $24,542.85 $1,689.54 $0.00 $138.77 $26,371.16
16 $26,371.16 $1,689.54 $0.00 $149.11 $28,209.81
17 $28,209.81 $1,689.54 $0.00 $159.50 $30,058.85
18 $30,058.85 $1,689.54 $0.00 $169.96 $31,918.35
19 $31,918.35 $1,689.54 $0.00 $180.47 $33,788.36
20 $33,788.36 $1,689.54 $0.00 $191.04 $35,668.94
21 $35,668.94 $1,689.54 $0.00 $201.68 $37,560.16
22 $37,560.16 $1,689.54 $0.00 $212.37 $39,462.07
23 $39,462.07 $1,689.54 $0.00 $223.12 $41,374.73
24 $41,374.73 $1,689.54 $0.00 $233.94 $43,298.21
25 $43,298.21 $1,689.54 $0.00 $244.81 $45,232.56
26 $45,232.56 $1,689.54 $0.00 $255.75 $47,177.85
27 $47,177.85 $1,689.54 $0.00 $266.75 $49,134.14
28 $49,134.14 $1,689.54 $0.00 $277.81 $51,101.49
29 $51,101.49 $1,689.54 $0.00 $288.94 $53,079.97
30 $53,079.97 $1,689.54 $0.00 $300.12 $55,069.63
31 $55,069.63 $1,689.54 $0.00 $311.37 $57,070.54
32 $57,070.54 $1,689.54 $0.00 $322.69 $59,082.77
33 $59,082.77 $1,689.54 $0.00 $334.06 $61,106.37
34 $61,106.37 $1,689.54 $0.00 $345.50 $63,141.41
35 $63,141.41 $1,689.54 $0.00 $357.01 $65,187.96
36 $65,187.96 $1,689.54 $0.00 $368.58 $67,246.08
37 $67,246.08 $1,689.54 $0.00 $380.22 $69,315.84
38 $69,315.84 $1,689.54 $0.00 $391.92 $71,397.30
39 $71,397.30 $1,689.54 $0.00 $403.69 $73,490.53
40 $73,490.53 $1,689.54 $0.00 $415.53 $75,595.60
41 $75,595.60 $1,689.54 $0.00 $427.43 $77,712.57
42 $77,712.57 $1,689.54 $0.00 $439.40 $79,841.51
43 $79,841.51 $1,689.54 $0.00 $451.44 $81,982.49
44 $81,982.49 $1,689.54 $0.00 $463.54 $84,135.57
45 $84,135.57 $1,689.54 $0.00 $475.71 $86,300.82
46 $86,300.82 $1,689.54 $0.00 $487.96 $88,478.32
47 $88,478.32 $1,689.54 $0.00 $500.27 $90,668.13
48 $90,668.13 $1,689.54 $0.00 $512.65 $92,870.32
49 $92,870.32 $1,689.54 $0.00 $525.10 $95,084.96
50 $95,084.96 $1,689.54 $0.00 $537.62 $97,312.12
51 $97,312.12 $1,689.54 $0.00 $550.22 $99,551.88
52 $99,551.88 $1,689.54 $0.00 $562.88 $101,804.30
53 $101,804.30 $1,689.54 $0.00 $575.62 $104,069.46
54 $104,069.46 $1,689.54 $0.00 $588.42 $106,347.42
55 $106,347.42 $1,689.54 $0.00 $601.30 $108,638.26
56 $108,638.26 $1,689.54 $0.00 $614.26 $110,942.06
57 $110,942.06 $1,689.54 $0.00 $627.28 $113,258.88
58 $113,258.88 $1,689.54 $0.00 $640.38 $115,588.80
59 $115,588.80 $1,689.54 $0.00 $653.56 $117,931.90
60 $117,931.90 $1,689.54 $0.00 $666.80 $120,288.24
61 $120,288.24 $1,689.54 $0.00 $680.13 $122,657.91
62 $122,657.91 $1,689.54 $0.00 $693.53 $125,040.98
63 $125,040.98 $1,689.54 $0.00 $707.00 $127,437.52
64 $127,437.52 $1,689.54 $0.00 $720.55 $129,847.61
65 $129,847.61 $1,689.54 $0.00 $734.18 $132,271.33
66 $132,271.33 $1,689.54 $0.00 $747.88 $134,708.75
67 $134,708.75 $1,689.54 $0.00 $761.66 $137,159.95
68 $137,159.95 $1,689.54 $0.00 $775.52 $139,625.01
69 $139,625.01 $1,689.54 $0.00 $789.46 $142,104.01
70 $142,104.01 $1,689.54 $0.00 $803.48 $144,597.03
71 $144,597.03 $1,689.54 $0.00 $817.57 $147,104.14
72 $147,104.14 $1,689.54 $0.00 $831.75 $149,625.43
73 $149,625.43 $1,689.54 $0.00 $846.00 $152,160.97
74 $152,160.97 $1,689.54 $0.00 $860.34 $154,710.85
75 $154,710.85 $1,689.54 $0.00 $874.76 $157,275.15
76 $157,275.15 $1,689.54 $0.00 $889.26 $159,853.95
77 $159,853.95 $1,689.54 $0.00 $903.84 $162,447.33
78 $162,447.33 $1,689.54 $0.00 $918.50 $165,055.37
79 $165,055.37 $1,689.54 $0.00 $933.25 $167,678.16
80 $167,678.16 $1,689.54 $0.00 $948.08 $170,315.78
81 $170,315.78 $1,689.54 $0.00 $962.99 $172,968.31
82 $172,968.31 $1,689.54 $0.00 $977.99 $175,635.84
83 $175,635.84 $1,689.54 $0.00 $993.07 $178,318.45
84 $178,318.45 $1,689.54 $0.00 $1,008.24 $181,016.23
85 $181,016.23 $1,689.54 $0.00 $1,023.49 $183,729.26
86 $183,729.26 $1,689.54 $0.00 $1,038.83 $186,457.63
87 $186,457.63 $1,689.54 $0.00 $1,054.26 $189,201.43
88 $189,201.43 $1,689.54 $0.00 $1,069.77 $191,960.74
89 $191,960.74 $1,689.54 $0.00 $1,085.37 $194,735.65
90 $194,735.65 $1,689.54 $0.00 $1,101.06 $197,526.25
91 $197,526.25 $1,689.54 $0.00 $1,116.84 $200,332.63
92 $200,332.63 $1,689.54 $0.00 $1,132.71 $203,154.88
93 $203,154.88 $1,689.54 $0.00 $1,148.67 $205,993.09
94 $205,993.09 $1,689.54 $0.00 $1,164.71 $208,847.34
95 $208,847.34 $1,689.54 $0.00 $1,180.85 $211,717.73
96 $211,717.73 $1,689.54 $0.00 $1,197.08 $214,604.35
97 $214,604.35 $1,689.54 $0.00 $1,213.40 $217,507.29
98 $217,507.29 $1,689.54 $0.00 $1,229.82 $220,426.65
99 $220,426.65 $1,689.54 $0.00 $1,246.32 $223,362.51
100 $223,362.51 $1,689.54 $0.00 $1,262.92 $226,314.97
101 $226,314.97 $1,689.54 $0.00 $1,279.62 $229,284.13
102 $229,284.13 $1,689.54 $0.00 $1,296.41 $232,270.08
103 $232,270.08 $1,689.54 $0.00 $1,313.29 $235,272.91
104 $235,272.91 $1,689.54 $0.00 $1,330.27 $238,292.72
105 $238,292.72 $1,689.54 $0.00 $1,347.34 $241,329.60
106 $241,329.60 $1,689.54 $0.00 $1,364.51 $244,383.65
107 $244,383.65 $1,689.54 $0.00 $1,381.78 $247,454.97
108 $247,454.97 $1,689.54 $0.00 $1,399.15 $250,543.66
109 $250,543.66 $1,689.54 $0.00 $1,416.61 $253,649.81
110 $253,649.81 $1,689.54 $0.00 $1,434.17 $256,773.52
111 $256,773.52 $1,689.54 $0.00 $1,451.83 $259,914.89
112 $259,914.89 $1,689.54 $0.00 $1,469.60 $263,074.03
113 $263,074.03 $1,689.54 $0.00 $1,487.46 $266,251.03
114 $266,251.03 $1,689.54 $0.00 $1,505.42 $269,445.99
115 $269,445.99 $1,689.54 $0.00 $1,523.49 $272,659.02
116 $272,659.02 $1,689.54 $0.00 $1,541.65 $275,890.21
117 $275,890.21 $1,689.54 $0.00 $1,559.92 $279,139.67
118 $279,139.67 $1,689.54 $0.00 $1,578.30 $282,407.51
119 $282,407.51 $1,689.54 $0.00 $1,596.77 $285,693.82
120 $285,693.82 $1,689.54 $0.00 $1,615.35 $288,998.71
121 $288,998.71 $1,689.54 $0.00 $1,634.04 $292,322.29
122 $292,322.29 $1,689.54 $0.00 $1,652.83 $295,664.66
123 $295,664.66 $1,689.54 $0.00 $1,671.73 $299,025.93
124 $299,025.93 $1,689.54 $0.00 $1,690.74 $302,406.21
125 $302,406.21 $1,689.54 $0.00 $1,709.85 $305,805.60
126 $305,805.60 $1,689.54 $0.00 $1,729.07 $309,224.21
127 $309,224.21 $1,689.54 $0.00 $1,748.40 $312,662.15
128 $312,662.15 $1,689.54 $0.00 $1,767.84 $316,119.53
129 $316,119.53 $1,689.54 $0.00 $1,787.39 $319,596.46
130 $319,596.46 $1,689.54 $0.00 $1,807.04 $323,093.04
131 $323,093.04 $1,689.54 $0.00 $1,826.82 $326,609.40
132 $326,609.40 $1,689.54 $0.00 $1,846.70 $330,145.64
133 $330,145.64 $1,689.54 $0.00 $1,866.69 $333,701.87
134 $333,701.87 $1,689.54 $0.00 $1,886.80 $337,278.21
135 $337,278.21 $1,689.54 $0.00 $1,907.02 $340,874.77
136 $340,874.77 $1,689.54 $0.00 $1,927.36 $344,491.67
137 $344,491.67 $1,689.54 $0.00 $1,947.81 $348,129.02
138 $348,129.02 $1,689.54 $0.00 $1,968.37 $351,786.93
139 $351,786.93 $1,689.54 $0.00 $1,989.05 $355,465.52
140 $355,465.52 $1,689.54 $0.00 $2,009.85 $359,164.91
141 $359,164.91 $1,689.54 $0.00 $2,030.77 $362,885.22
142 $362,885.22 $1,689.54 $0.00 $2,051.81 $366,626.57
143 $366,626.57 $1,689.54 $0.00 $2,072.96 $370,389.07
144 $370,389.07 $1,689.54 $0.00 $2,094.23 $374,172.84
145 $374,172.84 $1,689.54 $0.00 $2,115.63 $377,978.01
146 $377,978.01 $1,689.54 $0.00 $2,137.14 $381,804.69
147 $381,804.69 $1,689.54 $0.00 $2,158.78 $385,653.01
148 $385,653.01 $1,689.54 $0.00 $2,180.54 $389,523.09
149 $389,523.09 $1,689.54 $0.00 $2,202.42 $393,415.05
150 $393,415.05 $1,689.54 $0.00 $2,224.43 $397,329.02
151 $397,329.02 $1,689.54 $0.00 $2,246.56 $401,265.12
152 $401,265.12 $1,689.54 $0.00 $2,268.81 $405,223.47
153 $405,223.47 $1,689.54 $0.00 $2,291.19 $409,204.20
154 $409,204.20 $1,689.54 $0.00 $2,313.70 $413,207.44
155 $413,207.44 $1,689.54 $0.00 $2,336.33 $417,233.31
156 $417,233.31 $1,689.54 $0.00 $2,359.10 $421,281.95
157 $421,281.95 $1,689.54 $0.00 $2,381.99 $425,353.48
158 $425,353.48 $1,689.54 $0.00 $2,405.01 $429,448.03
159 $429,448.03 $1,689.54 $0.00 $2,428.16 $433,565.73
160 $433,565.73 $1,689.54 $0.00 $2,451.44 $437,706.71
161 $437,706.71 $1,689.54 $0.00 $2,474.86 $441,871.11
162 $441,871.11 $1,689.54 $0.00 $2,498.40 $446,059.05
163 $446,059.05 $1,689.54 $0.00 $2,522.08 $450,270.67
164 $450,270.67 $1,689.54 $0.00 $2,545.90 $454,506.11
165 $454,506.11 $1,689.54 $0.00 $2,569.84 $458,765.49
166 $458,765.49 $1,689.54 $0.00 $2,593.93 $463,048.96
167 $463,048.96 $1,689.54 $0.00 $2,618.15 $467,356.65
168 $467,356.65 $1,689.54 $0.00 $2,642.50 $471,688.69
169 $471,688.69 $1,689.54 $0.00 $2,667.00 $476,045.23
170 $476,045.23 $1,689.54 $0.00 $2,691.63 $480,426.40
171 $480,426.40 $1,689.54 $0.00 $2,716.40 $484,832.34
172 $484,832.34 $1,689.54 $0.00 $2,741.31 $489,263.19
173 $489,263.19 $1,689.54 $0.00 $2,766.37 $493,719.10
174 $493,719.10 $1,689.54 $0.00 $2,791.56 $498,200.20
175 $498,200.20 $1,689.54 $0.00 $2,816.90 $502,706.64
176 $502,706.64 $1,689.54 $0.00 $2,842.38 $507,238.56
177 $507,238.56 $1,689.54 $0.00 $2,868.00 $511,796.10
178 $511,796.10 $1,689.54 $0.00 $2,893.77 $516,379.41
179 $516,379.41 $1,689.54 $0.00 $2,919.68 $520,988.63
180 $520,988.63 $1,689.54 $0.00 $2,945.75 $525,623.92
181 $525,623.92 $1,689.54 $0.00 $2,971.95 $530,285.41
182 $530,285.41 $1,689.54 $0.00 $2,998.31 $534,973.26
183 $534,973.26 $1,689.54 $0.00 $3,024.82 $539,687.62
184 $539,687.62 $1,689.54 $0.00 $3,051.47 $544,428.63
185 $544,428.63 $1,689.54 $0.00 $3,078.28 $549,196.45
186 $549,196.45 $1,689.54 $0.00 $3,105.24 $553,991.23
187 $553,991.23 $1,689.54 $0.00 $3,132.35 $558,813.12
188 $558,813.12 $1,689.54 $0.00 $3,159.61 $563,662.27
189 $563,662.27 $1,689.54 $0.00 $3,187.03 $568,538.84
190 $568,538.84 $1,689.54 $0.00 $3,214.60 $573,442.98
191 $573,442.98 $1,689.54 $0.00 $3,242.33 $578,374.85
192 $578,374.85 $1,689.54 $0.00 $3,270.22 $583,334.61
193 $583,334.61 $1,689.54 $0.00 $3,298.26 $588,322.41
194 $588,322.41 $1,689.54 $0.00 $3,326.46 $593,338.41
195 $593,338.41 $1,689.54 $0.00 $3,354.82 $598,382.77
196 $598,382.77 $1,689.54 $0.00 $3,383.34 $603,455.65
197 $603,455.65 $1,689.54 $0.00 $3,412.03 $608,557.22
198 $608,557.22 $1,689.54 $0.00 $3,440.87 $613,687.63
199 $613,687.63 $1,689.54 $0.00 $3,469.88 $618,847.05
200 $618,847.05 $1,689.54 $0.00 $3,499.05 $624,035.64
201 $624,035.64 $1,689.54 $0.00 $3,528.39 $629,253.57
202 $629,253.57 $1,689.54 $0.00 $3,557.89 $634,501.00
203 $634,501.00 $1,689.54 $0.00 $3,587.56 $639,778.10
204 $639,778.10 $1,689.54 $0.00 $3,617.40 $645,085.04
205 $645,085.04 $1,689.54 $0.00 $3,647.40 $650,421.98
206 $650,421.98 $1,689.54 $0.00 $3,677.58 $655,789.10
207 $655,789.10 $1,689.54 $0.00 $3,707.93 $661,186.57
208 $661,186.57 $1,689.54 $0.00 $3,738.44 $666,614.55
209 $666,614.55 $1,689.54 $0.00 $3,769.14 $672,073.23
210 $672,073.23 $1,689.54 $0.00 $3,800.00 $677,562.77
211 $677,562.77 $1,689.54 $0.00 $3,831.04 $683,083.35
212 $683,083.35 $1,689.54 $0.00 $3,862.25 $688,635.14
213 $688,635.14 $1,689.54 $0.00 $3,893.64 $694,218.32
214 $694,218.32 $1,689.54 $0.00 $3,925.21 $699,833.07
215 $699,833.07 $1,689.54 $0.00 $3,956.96 $705,479.57
216 $705,479.57 $1,689.54 $0.00 $3,988.88 $711,157.99
217 $711,157.99 $1,689.54 $192,595.30 $4,020.99 $524,273.22
218 $524,273.22 $1,689.54 $0.00 $2,964.32 $528,927.08
219 $528,927.08 $1,689.54 $0.00 $2,990.63 $533,607.25
220 $533,607.25 $1,689.54 $0.00 $3,017.09 $538,313.88
221 $538,313.88 $1,689.54 $0.00 $3,043.70 $543,047.12
222 $543,047.12 $1,689.54 $0.00 $3,070.47 $547,807.13
223 $547,807.13 $1,689.54 $0.00 $3,097.38 $552,594.05
224 $552,594.05 $1,689.54 $0.00 $3,124.45 $557,408.04
225 $557,408.04 $1,689.54 $0.00 $3,151.67 $562,249.25
226 $562,249.25 $1,689.54 $0.00 $3,179.04 $567,117.83
227 $567,117.83 $1,689.54 $0.00 $3,206.57 $572,013.94
228 $572,013.94 $1,689.54 $0.00 $3,234.25 $576,937.73
229 $576,937.73 $1,689.54 $206,076.97 $3,262.09 $375,812.39
230 $375,812.39 $1,689.54 $0.00 $2,124.90 $379,626.83
231 $379,626.83 $1,689.54 $0.00 $2,146.47 $383,462.84
232 $383,462.84 $1,689.54 $0.00 $2,168.15 $387,320.53
233 $387,320.53 $1,689.54 $0.00 $2,189.97 $391,200.04
234 $391,200.04 $1,689.54 $0.00 $2,211.90 $395,101.48
235 $395,101.48 $1,689.54 $0.00 $2,233.96 $399,024.98
236 $399,024.98 $1,689.54 $0.00 $2,256.15 $402,970.67
237 $402,970.67 $1,689.54 $0.00 $2,278.45 $406,938.66
238 $406,938.66 $1,689.54 $0.00 $2,300.89 $410,929.09
239 $410,929.09 $1,689.54 $0.00 $2,323.45 $414,942.08
240 $414,942.08 $1,689.54 $0.00 $2,346.14 $418,977.76
241 $418,977.76 $1,689.54 $220,502.36 $2,368.96 $202,533.90
242 $202,533.90 $1,689.54 $0.00 $1,145.16 $205,368.60
243 $205,368.60 $1,689.54 $0.00 $1,161.18 $208,219.32
244 $208,219.32 $1,689.54 $0.00 $1,177.30 $211,086.16
245 $211,086.16 $1,689.54 $0.00 $1,193.51 $213,969.21
246 $213,969.21 $1,689.54 $0.00 $1,209.81 $216,868.56
247 $216,868.56 $1,689.54 $0.00 $1,226.21 $219,784.31
248 $219,784.31 $1,689.54 $0.00 $1,242.69 $222,716.54
249 $222,716.54 $1,689.54 $0.00 $1,259.27 $225,665.35
250 $225,665.35 $1,689.54 $0.00 $1,275.94 $228,630.83
251 $228,630.83 $1,689.54 $0.00 $1,292.71 $231,613.08
252 $231,613.08 $1,689.54 $0.00 $1,309.57 $234,612.19
253 $234,612.19 $0.00 $235,937.53 $1,326.53 $1.19