Savings Plan and Future Cost Estimation for Cleveland Institute of Art

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$239,507
Monthly savings required$1,893

How much will it cost to send your child to Cleveland Institute of Art in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $958,028.15 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,892.89 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$63,840.00
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 $1,892.89 $0.00 $0.00 $1,892.89
2 $1,892.89 $1,892.89 $0.00 $10.70 $3,796.48
3 $3,796.48 $1,892.89 $0.00 $21.47 $5,710.84
4 $5,710.84 $1,892.89 $0.00 $32.29 $7,636.02
5 $7,636.02 $1,892.89 $0.00 $43.18 $9,572.09
6 $9,572.09 $1,892.89 $0.00 $54.12 $11,519.10
7 $11,519.10 $1,892.89 $0.00 $65.13 $13,477.12
8 $13,477.12 $1,892.89 $0.00 $76.20 $15,446.21
9 $15,446.21 $1,892.89 $0.00 $87.34 $17,426.44
10 $17,426.44 $1,892.89 $0.00 $98.53 $19,417.86
11 $19,417.86 $1,892.89 $0.00 $109.79 $21,420.54
12 $21,420.54 $1,892.89 $0.00 $121.11 $23,434.54
13 $23,434.54 $1,892.89 $0.00 $132.50 $25,459.93
14 $25,459.93 $1,892.89 $0.00 $143.95 $27,496.77
15 $27,496.77 $1,892.89 $0.00 $155.47 $29,545.13
16 $29,545.13 $1,892.89 $0.00 $167.05 $31,605.07
17 $31,605.07 $1,892.89 $0.00 $178.70 $33,676.66
18 $33,676.66 $1,892.89 $0.00 $190.41 $35,759.96
19 $35,759.96 $1,892.89 $0.00 $202.19 $37,855.04
20 $37,855.04 $1,892.89 $0.00 $214.04 $39,961.97
21 $39,961.97 $1,892.89 $0.00 $225.95 $42,080.81
22 $42,080.81 $1,892.89 $0.00 $237.93 $44,211.63
23 $44,211.63 $1,892.89 $0.00 $249.98 $46,354.50
24 $46,354.50 $1,892.89 $0.00 $262.10 $48,509.49
25 $48,509.49 $1,892.89 $0.00 $274.28 $50,676.66
26 $50,676.66 $1,892.89 $0.00 $286.53 $52,856.08
27 $52,856.08 $1,892.89 $0.00 $298.86 $55,047.83
28 $55,047.83 $1,892.89 $0.00 $311.25 $57,251.97
29 $57,251.97 $1,892.89 $0.00 $323.71 $59,468.57
30 $59,468.57 $1,892.89 $0.00 $336.24 $61,697.70
31 $61,697.70 $1,892.89 $0.00 $348.85 $63,939.44
32 $63,939.44 $1,892.89 $0.00 $361.52 $66,193.85
33 $66,193.85 $1,892.89 $0.00 $374.27 $68,461.01
34 $68,461.01 $1,892.89 $0.00 $387.09 $70,740.99
35 $70,740.99 $1,892.89 $0.00 $399.98 $73,033.86
36 $73,033.86 $1,892.89 $0.00 $412.94 $75,339.69
37 $75,339.69 $1,892.89 $0.00 $425.98 $77,658.56
38 $77,658.56 $1,892.89 $0.00 $439.09 $79,990.54
39 $79,990.54 $1,892.89 $0.00 $452.28 $82,335.71
40 $82,335.71 $1,892.89 $0.00 $465.54 $84,694.14
41 $84,694.14 $1,892.89 $0.00 $478.87 $87,065.90
42 $87,065.90 $1,892.89 $0.00 $492.28 $89,451.07
43 $89,451.07 $1,892.89 $0.00 $505.77 $91,849.73
44 $91,849.73 $1,892.89 $0.00 $519.33 $94,261.95
45 $94,261.95 $1,892.89 $0.00 $532.97 $96,687.81
46 $96,687.81 $1,892.89 $0.00 $546.69 $99,127.39
47 $99,127.39 $1,892.89 $0.00 $560.48 $101,580.76
48 $101,580.76 $1,892.89 $0.00 $574.35 $104,048.00
49 $104,048.00 $1,892.89 $0.00 $588.30 $106,529.19
50 $106,529.19 $1,892.89 $0.00 $602.33 $109,024.41
51 $109,024.41 $1,892.89 $0.00 $616.44 $111,533.74
52 $111,533.74 $1,892.89 $0.00 $630.63 $114,057.26
53 $114,057.26 $1,892.89 $0.00 $644.90 $116,595.05
54 $116,595.05 $1,892.89 $0.00 $659.25 $119,147.19
55 $119,147.19 $1,892.89 $0.00 $673.68 $121,713.76
56 $121,713.76 $1,892.89 $0.00 $688.19 $124,294.84
57 $124,294.84 $1,892.89 $0.00 $702.78 $126,890.51
58 $126,890.51 $1,892.89 $0.00 $717.46 $129,500.86
59 $129,500.86 $1,892.89 $0.00 $732.22 $132,125.97
60 $132,125.97 $1,892.89 $0.00 $747.06 $134,765.92
61 $134,765.92 $1,892.89 $0.00 $761.99 $137,420.80
62 $137,420.80 $1,892.89 $0.00 $777.00 $140,090.69
63 $140,090.69 $1,892.89 $0.00 $792.09 $142,775.67
64 $142,775.67 $1,892.89 $0.00 $807.27 $145,475.83
65 $145,475.83 $1,892.89 $0.00 $822.54 $148,191.26
66 $148,191.26 $1,892.89 $0.00 $837.89 $150,922.04
67 $150,922.04 $1,892.89 $0.00 $853.34 $153,668.27
68 $153,668.27 $1,892.89 $0.00 $868.86 $156,430.02
69 $156,430.02 $1,892.89 $0.00 $884.48 $159,207.39
70 $159,207.39 $1,892.89 $0.00 $900.18 $162,000.46
71 $162,000.46 $1,892.89 $0.00 $915.97 $164,809.32
72 $164,809.32 $1,892.89 $0.00 $931.86 $167,634.07
73 $167,634.07 $1,892.89 $0.00 $947.83 $170,474.79
74 $170,474.79 $1,892.89 $0.00 $963.89 $173,331.57
75 $173,331.57 $1,892.89 $0.00 $980.04 $176,204.50
76 $176,204.50 $1,892.89 $0.00 $996.29 $179,093.68
77 $179,093.68 $1,892.89 $0.00 $1,012.62 $181,999.19
78 $181,999.19 $1,892.89 $0.00 $1,029.05 $184,921.13
79 $184,921.13 $1,892.89 $0.00 $1,045.57 $187,859.59
80 $187,859.59 $1,892.89 $0.00 $1,062.19 $190,814.67
81 $190,814.67 $1,892.89 $0.00 $1,078.89 $193,786.45
82 $193,786.45 $1,892.89 $0.00 $1,095.70 $196,775.04
83 $196,775.04 $1,892.89 $0.00 $1,112.59 $199,780.52
84 $199,780.52 $1,892.89 $0.00 $1,129.59 $202,803.00
85 $202,803.00 $1,892.89 $0.00 $1,146.68 $205,842.57
86 $205,842.57 $1,892.89 $0.00 $1,163.86 $208,899.32
87 $208,899.32 $1,892.89 $0.00 $1,181.15 $211,973.36
88 $211,973.36 $1,892.89 $0.00 $1,198.53 $215,064.78
89 $215,064.78 $1,892.89 $0.00 $1,216.01 $218,173.68
90 $218,173.68 $1,892.89 $0.00 $1,233.59 $221,300.16
91 $221,300.16 $1,892.89 $0.00 $1,251.26 $224,444.31
92 $224,444.31 $1,892.89 $0.00 $1,269.04 $227,606.24
93 $227,606.24 $1,892.89 $0.00 $1,286.92 $230,786.05
94 $230,786.05 $1,892.89 $0.00 $1,304.90 $233,983.84
95 $233,983.84 $1,892.89 $0.00 $1,322.98 $237,199.71
96 $237,199.71 $1,892.89 $0.00 $1,341.16 $240,433.76
97 $240,433.76 $1,892.89 $0.00 $1,359.45 $243,686.10
98 $243,686.10 $1,892.89 $0.00 $1,377.84 $246,956.83
99 $246,956.83 $1,892.89 $0.00 $1,396.33 $250,246.05
100 $250,246.05 $1,892.89 $0.00 $1,414.93 $253,553.87
101 $253,553.87 $1,892.89 $0.00 $1,433.63 $256,880.39
102 $256,880.39 $1,892.89 $0.00 $1,452.44 $260,225.72
103 $260,225.72 $1,892.89 $0.00 $1,471.35 $263,589.96
104 $263,589.96 $1,892.89 $0.00 $1,490.38 $266,973.23
105 $266,973.23 $1,892.89 $0.00 $1,509.51 $270,375.63
106 $270,375.63 $1,892.89 $0.00 $1,528.74 $273,797.26
107 $273,797.26 $1,892.89 $0.00 $1,548.09 $277,238.24
108 $277,238.24 $1,892.89 $0.00 $1,567.55 $280,698.68
109 $280,698.68 $1,892.89 $0.00 $1,587.11 $284,178.68
110 $284,178.68 $1,892.89 $0.00 $1,606.79 $287,678.36
111 $287,678.36 $1,892.89 $0.00 $1,626.58 $291,197.83
112 $291,197.83 $1,892.89 $0.00 $1,646.47 $294,737.19
113 $294,737.19 $1,892.89 $0.00 $1,666.49 $298,296.57
114 $298,296.57 $1,892.89 $0.00 $1,686.61 $301,876.07
115 $301,876.07 $1,892.89 $0.00 $1,706.85 $305,475.81
116 $305,475.81 $1,892.89 $0.00 $1,727.20 $309,095.90
117 $309,095.90 $1,892.89 $0.00 $1,747.67 $312,736.46
118 $312,736.46 $1,892.89 $0.00 $1,768.26 $316,397.61
119 $316,397.61 $1,892.89 $0.00 $1,788.96 $320,079.46
120 $320,079.46 $1,892.89 $0.00 $1,809.78 $323,782.13
121 $323,782.13 $1,892.89 $0.00 $1,830.71 $327,505.73
122 $327,505.73 $1,892.89 $0.00 $1,851.77 $331,250.39
123 $331,250.39 $1,892.89 $0.00 $1,872.94 $335,016.22
124 $335,016.22 $1,892.89 $0.00 $1,894.23 $338,803.34
125 $338,803.34 $1,892.89 $0.00 $1,915.64 $342,611.87
126 $342,611.87 $1,892.89 $0.00 $1,937.18 $346,441.94
127 $346,441.94 $1,892.89 $0.00 $1,958.83 $350,293.66
128 $350,293.66 $1,892.89 $0.00 $1,980.61 $354,167.16
129 $354,167.16 $1,892.89 $0.00 $2,002.51 $358,062.56
130 $358,062.56 $1,892.89 $0.00 $2,024.54 $361,979.99
131 $361,979.99 $1,892.89 $0.00 $2,046.69 $365,919.57
132 $365,919.57 $1,892.89 $0.00 $2,068.96 $369,881.42
133 $369,881.42 $1,892.89 $0.00 $2,091.36 $373,865.67
134 $373,865.67 $1,892.89 $0.00 $2,113.89 $377,872.45
135 $377,872.45 $1,892.89 $0.00 $2,136.55 $381,901.89
136 $381,901.89 $1,892.89 $0.00 $2,159.33 $385,954.11
137 $385,954.11 $1,892.89 $0.00 $2,182.24 $390,029.24
138 $390,029.24 $1,892.89 $0.00 $2,205.28 $394,127.41
139 $394,127.41 $1,892.89 $0.00 $2,228.45 $398,248.75
140 $398,248.75 $1,892.89 $0.00 $2,251.76 $402,393.40
141 $402,393.40 $1,892.89 $0.00 $2,275.19 $406,561.48
142 $406,561.48 $1,892.89 $0.00 $2,298.76 $410,753.13
143 $410,753.13 $1,892.89 $0.00 $2,322.46 $414,968.48
144 $414,968.48 $1,892.89 $0.00 $2,346.29 $419,207.66
145 $419,207.66 $1,892.89 $0.00 $2,370.26 $423,470.81
146 $423,470.81 $1,892.89 $0.00 $2,394.37 $427,758.07
147 $427,758.07 $1,892.89 $0.00 $2,418.61 $432,069.57
148 $432,069.57 $1,892.89 $0.00 $2,442.98 $436,405.44
149 $436,405.44 $1,892.89 $0.00 $2,467.50 $440,765.83
150 $440,765.83 $1,892.89 $0.00 $2,492.15 $445,150.87
151 $445,150.87 $1,892.89 $0.00 $2,516.95 $449,560.71
152 $449,560.71 $1,892.89 $0.00 $2,541.88 $453,995.48
153 $453,995.48 $1,892.89 $0.00 $2,566.96 $458,455.33
154 $458,455.33 $1,892.89 $0.00 $2,592.17 $462,940.39
155 $462,940.39 $1,892.89 $0.00 $2,617.53 $467,450.81
156 $467,450.81 $1,892.89 $0.00 $2,643.03 $471,986.73
157 $471,986.73 $1,892.89 $0.00 $2,668.68 $476,548.30
158 $476,548.30 $1,892.89 $0.00 $2,694.47 $481,135.66
159 $481,135.66 $1,892.89 $0.00 $2,720.41 $485,748.96
160 $485,748.96 $1,892.89 $0.00 $2,746.50 $490,388.35
161 $490,388.35 $1,892.89 $0.00 $2,772.73 $495,053.97
162 $495,053.97 $1,892.89 $0.00 $2,799.11 $499,745.97
163 $499,745.97 $1,892.89 $0.00 $2,825.64 $504,464.50
164 $504,464.50 $1,892.89 $0.00 $2,852.32 $509,209.71
165 $509,209.71 $1,892.89 $0.00 $2,879.15 $513,981.75
166 $513,981.75 $1,892.89 $0.00 $2,906.13 $518,780.77
167 $518,780.77 $1,892.89 $0.00 $2,933.26 $523,606.92
168 $523,606.92 $1,892.89 $0.00 $2,960.55 $528,460.36
169 $528,460.36 $1,892.89 $0.00 $2,987.99 $533,341.24
170 $533,341.24 $1,892.89 $0.00 $3,015.59 $538,249.72
171 $538,249.72 $1,892.89 $0.00 $3,043.34 $543,185.95
172 $543,185.95 $1,892.89 $0.00 $3,071.25 $548,150.09
173 $548,150.09 $1,892.89 $0.00 $3,099.32 $553,142.30
174 $553,142.30 $1,892.89 $0.00 $3,127.55 $558,162.74
175 $558,162.74 $1,892.89 $0.00 $3,155.93 $563,211.56
176 $563,211.56 $1,892.89 $0.00 $3,184.48 $568,288.93
177 $568,288.93 $1,892.89 $0.00 $3,213.19 $573,395.01
178 $573,395.01 $1,892.89 $0.00 $3,242.06 $578,529.96
179 $578,529.96 $1,892.89 $0.00 $3,271.09 $583,693.94
180 $583,693.94 $1,892.89 $0.00 $3,300.29 $588,887.12
181 $588,887.12 $1,892.89 $0.00 $3,329.65 $594,109.66
182 $594,109.66 $1,892.89 $0.00 $3,359.18 $599,361.73
183 $599,361.73 $1,892.89 $0.00 $3,388.88 $604,643.50
184 $604,643.50 $1,892.89 $0.00 $3,418.74 $609,955.13
185 $609,955.13 $1,892.89 $0.00 $3,448.77 $615,296.79
186 $615,296.79 $1,892.89 $0.00 $3,478.98 $620,668.66
187 $620,668.66 $1,892.89 $0.00 $3,509.35 $626,070.90
188 $626,070.90 $1,892.89 $0.00 $3,539.90 $631,503.69
189 $631,503.69 $1,892.89 $0.00 $3,570.61 $636,967.19
190 $636,967.19 $1,892.89 $0.00 $3,601.51 $642,461.59
191 $642,461.59 $1,892.89 $0.00 $3,632.57 $647,987.05
192 $647,987.05 $1,892.89 $0.00 $3,663.81 $653,543.75
193 $653,543.75 $1,892.89 $0.00 $3,695.23 $659,131.87
194 $659,131.87 $1,892.89 $0.00 $3,726.83 $664,751.59
195 $664,751.59 $1,892.89 $0.00 $3,758.60 $670,403.08
196 $670,403.08 $1,892.89 $0.00 $3,790.56 $676,086.53
197 $676,086.53 $1,892.89 $0.00 $3,822.69 $681,802.11
198 $681,802.11 $1,892.89 $0.00 $3,855.01 $687,550.01
199 $687,550.01 $1,892.89 $0.00 $3,887.51 $693,330.41
200 $693,330.41 $1,892.89 $0.00 $3,920.19 $699,143.49
201 $699,143.49 $1,892.89 $0.00 $3,953.06 $704,989.44
202 $704,989.44 $1,892.89 $0.00 $3,986.11 $710,868.44
203 $710,868.44 $1,892.89 $0.00 $4,019.35 $716,780.68
204 $716,780.68 $1,892.89 $0.00 $4,052.78 $722,726.35
205 $722,726.35 $1,892.89 $0.00 $4,086.40 $728,705.64
206 $728,705.64 $1,892.89 $0.00 $4,120.21 $734,718.74
207 $734,718.74 $1,892.89 $0.00 $4,154.21 $740,765.84
208 $740,765.84 $1,892.89 $0.00 $4,188.40 $746,847.13
209 $746,847.13 $1,892.89 $0.00 $4,222.78 $752,962.80
210 $752,962.80 $1,892.89 $0.00 $4,257.36 $759,113.05
211 $759,113.05 $1,892.89 $0.00 $4,292.14 $765,298.08
212 $765,298.08 $1,892.89 $0.00 $4,327.11 $771,518.08
213 $771,518.08 $1,892.89 $0.00 $4,362.28 $777,773.25
214 $777,773.25 $1,892.89 $0.00 $4,397.64 $784,063.78
215 $784,063.78 $1,892.89 $0.00 $4,433.21 $790,389.88
216 $790,389.88 $1,892.89 $0.00 $4,468.98 $796,751.75
217 $796,751.75 $1,892.89 $215,774.88 $4,504.95 $587,374.71
218 $587,374.71 $1,892.89 $0.00 $3,321.10 $592,588.70
219 $592,588.70 $1,892.89 $0.00 $3,350.58 $597,832.17
220 $597,832.17 $1,892.89 $0.00 $3,380.23 $603,105.29
221 $603,105.29 $1,892.89 $0.00 $3,410.04 $608,408.22
222 $608,408.22 $1,892.89 $0.00 $3,440.03 $613,741.14
223 $613,741.14 $1,892.89 $0.00 $3,470.18 $619,104.21
224 $619,104.21 $1,892.89 $0.00 $3,500.51 $624,497.61
225 $624,497.61 $1,892.89 $0.00 $3,531.00 $629,921.50
226 $629,921.50 $1,892.89 $0.00 $3,561.67 $635,376.06
227 $635,376.06 $1,892.89 $0.00 $3,592.51 $640,861.46
228 $640,861.46 $1,892.89 $0.00 $3,623.52 $646,377.87
229 $646,377.87 $1,892.89 $230,879.12 $3,654.71 $421,046.35
230 $421,046.35 $1,892.89 $0.00 $2,380.66 $425,319.90
231 $425,319.90 $1,892.89 $0.00 $2,404.82 $429,617.61
232 $429,617.61 $1,892.89 $0.00 $2,429.12 $433,939.62
233 $433,939.62 $1,892.89 $0.00 $2,453.56 $438,286.07
234 $438,286.07 $1,892.89 $0.00 $2,478.13 $442,657.09
235 $442,657.09 $1,892.89 $0.00 $2,502.85 $447,052.83
236 $447,052.83 $1,892.89 $0.00 $2,527.70 $451,473.42
237 $451,473.42 $1,892.89 $0.00 $2,552.70 $455,919.01
238 $455,919.01 $1,892.89 $0.00 $2,577.83 $460,389.73
239 $460,389.73 $1,892.89 $0.00 $2,603.11 $464,885.73
240 $464,885.73 $1,892.89 $0.00 $2,628.53 $469,407.15
241 $469,407.15 $1,892.89 $247,040.66 $2,654.10 $226,913.48
242 $226,913.48 $1,892.89 $0.00 $1,283.00 $230,089.37
243 $230,089.37 $1,892.89 $0.00 $1,300.96 $233,283.22
244 $233,283.22 $1,892.89 $0.00 $1,319.02 $236,495.13
245 $236,495.13 $1,892.89 $0.00 $1,337.18 $239,725.20
246 $239,725.20 $1,892.89 $0.00 $1,355.44 $242,973.53
247 $242,973.53 $1,892.89 $0.00 $1,373.81 $246,240.23
248 $246,240.23 $1,892.89 $0.00 $1,392.28 $249,525.40
249 $249,525.40 $1,892.89 $0.00 $1,410.85 $252,829.14
250 $252,829.14 $1,892.89 $0.00 $1,429.53 $256,151.56
251 $256,151.56 $1,892.89 $0.00 $1,448.32 $259,492.77
252 $259,492.77 $1,892.89 $0.00 $1,467.21 $262,852.87
253 $262,852.87 $0.00 $264,333.50 $1,486.21 $5.58