Savings Plan and Future Cost Estimation for Oberlin College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$211,352
Monthly savings required$1,673

How much will it cost to send your child to Oberlin College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $845,406.37 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,673.02 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$81,502.00
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 $1,673.02 $0.00 $0.00 $1,673.02
2 $1,673.02 $1,673.02 $0.00 $9.46 $3,355.50
3 $3,355.50 $1,673.02 $0.00 $18.97 $5,047.49
4 $5,047.49 $1,673.02 $0.00 $28.54 $6,749.05
5 $6,749.05 $1,673.02 $0.00 $38.16 $8,460.23
6 $8,460.23 $1,673.02 $0.00 $47.84 $10,181.09
7 $10,181.09 $1,673.02 $0.00 $57.57 $11,911.68
8 $11,911.68 $1,673.02 $0.00 $67.35 $13,652.05
9 $13,652.05 $1,673.02 $0.00 $77.19 $15,402.26
10 $15,402.26 $1,673.02 $0.00 $87.09 $17,162.37
11 $17,162.37 $1,673.02 $0.00 $97.04 $18,932.43
12 $18,932.43 $1,673.02 $0.00 $107.05 $20,712.50
13 $20,712.50 $1,673.02 $0.00 $117.11 $22,502.63
14 $22,502.63 $1,673.02 $0.00 $127.23 $24,302.88
15 $24,302.88 $1,673.02 $0.00 $137.41 $26,113.31
16 $26,113.31 $1,673.02 $0.00 $147.65 $27,933.98
17 $27,933.98 $1,673.02 $0.00 $157.94 $29,764.94
18 $29,764.94 $1,673.02 $0.00 $168.30 $31,606.26
19 $31,606.26 $1,673.02 $0.00 $178.71 $33,457.99
20 $33,457.99 $1,673.02 $0.00 $189.18 $35,320.19
21 $35,320.19 $1,673.02 $0.00 $199.71 $37,192.92
22 $37,192.92 $1,673.02 $0.00 $210.29 $39,076.23
23 $39,076.23 $1,673.02 $0.00 $220.94 $40,970.19
24 $40,970.19 $1,673.02 $0.00 $231.65 $42,874.86
25 $42,874.86 $1,673.02 $0.00 $242.42 $44,790.30
26 $44,790.30 $1,673.02 $0.00 $253.25 $46,716.57
27 $46,716.57 $1,673.02 $0.00 $264.14 $48,653.73
28 $48,653.73 $1,673.02 $0.00 $275.10 $50,601.85
29 $50,601.85 $1,673.02 $0.00 $286.11 $52,560.98
30 $52,560.98 $1,673.02 $0.00 $297.19 $54,531.19
31 $54,531.19 $1,673.02 $0.00 $308.33 $56,512.54
32 $56,512.54 $1,673.02 $0.00 $319.53 $58,505.09
33 $58,505.09 $1,673.02 $0.00 $330.80 $60,508.91
34 $60,508.91 $1,673.02 $0.00 $342.13 $62,524.06
35 $62,524.06 $1,673.02 $0.00 $353.52 $64,550.60
36 $64,550.60 $1,673.02 $0.00 $364.98 $66,588.60
37 $66,588.60 $1,673.02 $0.00 $376.50 $68,638.12
38 $68,638.12 $1,673.02 $0.00 $388.09 $70,699.23
39 $70,699.23 $1,673.02 $0.00 $399.74 $72,771.99
40 $72,771.99 $1,673.02 $0.00 $411.46 $74,856.47
41 $74,856.47 $1,673.02 $0.00 $423.25 $76,952.74
42 $76,952.74 $1,673.02 $0.00 $435.10 $79,060.86
43 $79,060.86 $1,673.02 $0.00 $447.02 $81,180.90
44 $81,180.90 $1,673.02 $0.00 $459.01 $83,312.93
45 $83,312.93 $1,673.02 $0.00 $471.06 $85,457.01
46 $85,457.01 $1,673.02 $0.00 $483.19 $87,613.22
47 $87,613.22 $1,673.02 $0.00 $495.38 $89,781.62
48 $89,781.62 $1,673.02 $0.00 $507.64 $91,962.28
49 $91,962.28 $1,673.02 $0.00 $519.97 $94,155.27
50 $94,155.27 $1,673.02 $0.00 $532.37 $96,360.66
51 $96,360.66 $1,673.02 $0.00 $544.84 $98,578.52
52 $98,578.52 $1,673.02 $0.00 $557.38 $100,808.92
53 $100,808.92 $1,673.02 $0.00 $569.99 $103,051.93
54 $103,051.93 $1,673.02 $0.00 $582.67 $105,307.62
55 $105,307.62 $1,673.02 $0.00 $595.42 $107,576.06
56 $107,576.06 $1,673.02 $0.00 $608.25 $109,857.33
57 $109,857.33 $1,673.02 $0.00 $621.15 $112,151.50
58 $112,151.50 $1,673.02 $0.00 $634.12 $114,458.64
59 $114,458.64 $1,673.02 $0.00 $647.17 $116,778.83
60 $116,778.83 $1,673.02 $0.00 $660.28 $119,112.13
61 $119,112.13 $1,673.02 $0.00 $673.48 $121,458.63
62 $121,458.63 $1,673.02 $0.00 $686.74 $123,818.39
63 $123,818.39 $1,673.02 $0.00 $700.09 $126,191.50
64 $126,191.50 $1,673.02 $0.00 $713.51 $128,578.03
65 $128,578.03 $1,673.02 $0.00 $727.00 $130,978.05
66 $130,978.05 $1,673.02 $0.00 $740.57 $133,391.64
67 $133,391.64 $1,673.02 $0.00 $754.22 $135,818.88
68 $135,818.88 $1,673.02 $0.00 $767.94 $138,259.84
69 $138,259.84 $1,673.02 $0.00 $781.74 $140,714.60
70 $140,714.60 $1,673.02 $0.00 $795.62 $143,183.24
71 $143,183.24 $1,673.02 $0.00 $809.58 $145,665.84
72 $145,665.84 $1,673.02 $0.00 $823.62 $148,162.48
73 $148,162.48 $1,673.02 $0.00 $837.73 $150,673.23
74 $150,673.23 $1,673.02 $0.00 $851.93 $153,198.18
75 $153,198.18 $1,673.02 $0.00 $866.20 $155,737.40
76 $155,737.40 $1,673.02 $0.00 $880.56 $158,290.98
77 $158,290.98 $1,673.02 $0.00 $895.00 $160,859.00
78 $160,859.00 $1,673.02 $0.00 $909.52 $163,441.54
79 $163,441.54 $1,673.02 $0.00 $924.12 $166,038.68
80 $166,038.68 $1,673.02 $0.00 $938.81 $168,650.51
81 $168,650.51 $1,673.02 $0.00 $953.57 $171,277.10
82 $171,277.10 $1,673.02 $0.00 $968.43 $173,918.55
83 $173,918.55 $1,673.02 $0.00 $983.36 $176,574.93
84 $176,574.93 $1,673.02 $0.00 $998.38 $179,246.33
85 $179,246.33 $1,673.02 $0.00 $1,013.48 $181,932.83
86 $181,932.83 $1,673.02 $0.00 $1,028.67 $184,634.52
87 $184,634.52 $1,673.02 $0.00 $1,043.95 $187,351.49
88 $187,351.49 $1,673.02 $0.00 $1,059.31 $190,083.82
89 $190,083.82 $1,673.02 $0.00 $1,074.76 $192,831.60
90 $192,831.60 $1,673.02 $0.00 $1,090.30 $195,594.92
91 $195,594.92 $1,673.02 $0.00 $1,105.92 $198,373.86
92 $198,373.86 $1,673.02 $0.00 $1,121.63 $201,168.51
93 $201,168.51 $1,673.02 $0.00 $1,137.44 $203,978.97
94 $203,978.97 $1,673.02 $0.00 $1,153.33 $206,805.32
95 $206,805.32 $1,673.02 $0.00 $1,169.31 $209,647.65
96 $209,647.65 $1,673.02 $0.00 $1,185.38 $212,506.05
97 $212,506.05 $1,673.02 $0.00 $1,201.54 $215,380.61
98 $215,380.61 $1,673.02 $0.00 $1,217.79 $218,271.42
99 $218,271.42 $1,673.02 $0.00 $1,234.14 $221,178.58
100 $221,178.58 $1,673.02 $0.00 $1,250.58 $224,102.18
101 $224,102.18 $1,673.02 $0.00 $1,267.11 $227,042.31
102 $227,042.31 $1,673.02 $0.00 $1,283.73 $229,999.06
103 $229,999.06 $1,673.02 $0.00 $1,300.45 $232,972.53
104 $232,972.53 $1,673.02 $0.00 $1,317.26 $235,962.81
105 $235,962.81 $1,673.02 $0.00 $1,334.17 $238,970.00
106 $238,970.00 $1,673.02 $0.00 $1,351.17 $241,994.19
107 $241,994.19 $1,673.02 $0.00 $1,368.27 $245,035.48
108 $245,035.48 $1,673.02 $0.00 $1,385.47 $248,093.97
109 $248,093.97 $1,673.02 $0.00 $1,402.76 $251,169.75
110 $251,169.75 $1,673.02 $0.00 $1,420.15 $254,262.92
111 $254,262.92 $1,673.02 $0.00 $1,437.64 $257,373.58
112 $257,373.58 $1,673.02 $0.00 $1,455.23 $260,501.83
113 $260,501.83 $1,673.02 $0.00 $1,472.92 $263,647.77
114 $263,647.77 $1,673.02 $0.00 $1,490.70 $266,811.49
115 $266,811.49 $1,673.02 $0.00 $1,508.59 $269,993.10
116 $269,993.10 $1,673.02 $0.00 $1,526.58 $273,192.70
117 $273,192.70 $1,673.02 $0.00 $1,544.67 $276,410.39
118 $276,410.39 $1,673.02 $0.00 $1,562.86 $279,646.27
119 $279,646.27 $1,673.02 $0.00 $1,581.16 $282,900.45
120 $282,900.45 $1,673.02 $0.00 $1,599.56 $286,173.03
121 $286,173.03 $1,673.02 $0.00 $1,618.06 $289,464.11
122 $289,464.11 $1,673.02 $0.00 $1,636.67 $292,773.80
123 $292,773.80 $1,673.02 $0.00 $1,655.39 $296,102.21
124 $296,102.21 $1,673.02 $0.00 $1,674.20 $299,449.43
125 $299,449.43 $1,673.02 $0.00 $1,693.13 $302,815.58
126 $302,815.58 $1,673.02 $0.00 $1,712.16 $306,200.76
127 $306,200.76 $1,673.02 $0.00 $1,731.30 $309,605.08
128 $309,605.08 $1,673.02 $0.00 $1,750.55 $313,028.65
129 $313,028.65 $1,673.02 $0.00 $1,769.91 $316,471.58
130 $316,471.58 $1,673.02 $0.00 $1,789.38 $319,933.98
131 $319,933.98 $1,673.02 $0.00 $1,808.95 $323,415.95
132 $323,415.95 $1,673.02 $0.00 $1,828.64 $326,917.61
133 $326,917.61 $1,673.02 $0.00 $1,848.44 $330,439.07
134 $330,439.07 $1,673.02 $0.00 $1,868.35 $333,980.44
135 $333,980.44 $1,673.02 $0.00 $1,888.37 $337,541.83
136 $337,541.83 $1,673.02 $0.00 $1,908.51 $341,123.36
137 $341,123.36 $1,673.02 $0.00 $1,928.76 $344,725.14
138 $344,725.14 $1,673.02 $0.00 $1,949.13 $348,347.29
139 $348,347.29 $1,673.02 $0.00 $1,969.61 $351,989.92
140 $351,989.92 $1,673.02 $0.00 $1,990.20 $355,653.14
141 $355,653.14 $1,673.02 $0.00 $2,010.91 $359,337.07
142 $359,337.07 $1,673.02 $0.00 $2,031.74 $363,041.83
143 $363,041.83 $1,673.02 $0.00 $2,052.69 $366,767.54
144 $366,767.54 $1,673.02 $0.00 $2,073.76 $370,514.32
145 $370,514.32 $1,673.02 $0.00 $2,094.94 $374,282.28
146 $374,282.28 $1,673.02 $0.00 $2,116.25 $378,071.55
147 $378,071.55 $1,673.02 $0.00 $2,137.67 $381,882.24
148 $381,882.24 $1,673.02 $0.00 $2,159.22 $385,714.48
149 $385,714.48 $1,673.02 $0.00 $2,180.89 $389,568.39
150 $389,568.39 $1,673.02 $0.00 $2,202.68 $393,444.09
151 $393,444.09 $1,673.02 $0.00 $2,224.59 $397,341.70
152 $397,341.70 $1,673.02 $0.00 $2,246.63 $401,261.35
153 $401,261.35 $1,673.02 $0.00 $2,268.79 $405,203.16
154 $405,203.16 $1,673.02 $0.00 $2,291.08 $409,167.26
155 $409,167.26 $1,673.02 $0.00 $2,313.49 $413,153.77
156 $413,153.77 $1,673.02 $0.00 $2,336.03 $417,162.82
157 $417,162.82 $1,673.02 $0.00 $2,358.70 $421,194.54
158 $421,194.54 $1,673.02 $0.00 $2,381.50 $425,249.06
159 $425,249.06 $1,673.02 $0.00 $2,404.42 $429,326.50
160 $429,326.50 $1,673.02 $0.00 $2,427.47 $433,426.99
161 $433,426.99 $1,673.02 $0.00 $2,450.66 $437,550.67
162 $437,550.67 $1,673.02 $0.00 $2,473.98 $441,697.67
163 $441,697.67 $1,673.02 $0.00 $2,497.42 $445,868.11
164 $445,868.11 $1,673.02 $0.00 $2,521.00 $450,062.13
165 $450,062.13 $1,673.02 $0.00 $2,544.72 $454,279.87
166 $454,279.87 $1,673.02 $0.00 $2,568.56 $458,521.45
167 $458,521.45 $1,673.02 $0.00 $2,592.55 $462,787.02
168 $462,787.02 $1,673.02 $0.00 $2,616.67 $467,076.71
169 $467,076.71 $1,673.02 $0.00 $2,640.92 $471,390.65
170 $471,390.65 $1,673.02 $0.00 $2,665.31 $475,728.98
171 $475,728.98 $1,673.02 $0.00 $2,689.84 $480,091.84
172 $480,091.84 $1,673.02 $0.00 $2,714.51 $484,479.37
173 $484,479.37 $1,673.02 $0.00 $2,739.32 $488,891.71
174 $488,891.71 $1,673.02 $0.00 $2,764.26 $493,328.99
175 $493,328.99 $1,673.02 $0.00 $2,789.35 $497,791.36
176 $497,791.36 $1,673.02 $0.00 $2,814.58 $502,278.96
177 $502,278.96 $1,673.02 $0.00 $2,839.96 $506,791.94
178 $506,791.94 $1,673.02 $0.00 $2,865.48 $511,330.44
179 $511,330.44 $1,673.02 $0.00 $2,891.14 $515,894.60
180 $515,894.60 $1,673.02 $0.00 $2,916.94 $520,484.56
181 $520,484.56 $1,673.02 $0.00 $2,942.90 $525,100.48
182 $525,100.48 $1,673.02 $0.00 $2,968.99 $529,742.49
183 $529,742.49 $1,673.02 $0.00 $2,995.24 $534,410.75
184 $534,410.75 $1,673.02 $0.00 $3,021.64 $539,105.41
185 $539,105.41 $1,673.02 $0.00 $3,048.18 $543,826.61
186 $543,826.61 $1,673.02 $0.00 $3,074.87 $548,574.50
187 $548,574.50 $1,673.02 $0.00 $3,101.72 $553,349.24
188 $553,349.24 $1,673.02 $0.00 $3,128.72 $558,150.98
189 $558,150.98 $1,673.02 $0.00 $3,155.87 $562,979.87
190 $562,979.87 $1,673.02 $0.00 $3,183.17 $567,836.06
191 $567,836.06 $1,673.02 $0.00 $3,210.63 $572,719.71
192 $572,719.71 $1,673.02 $0.00 $3,238.24 $577,630.97
193 $577,630.97 $1,673.02 $0.00 $3,266.01 $582,570.00
194 $582,570.00 $1,673.02 $0.00 $3,293.94 $587,536.96
195 $587,536.96 $1,673.02 $0.00 $3,322.02 $592,532.00
196 $592,532.00 $1,673.02 $0.00 $3,350.26 $597,555.28
197 $597,555.28 $1,673.02 $0.00 $3,378.66 $602,606.96
198 $602,606.96 $1,673.02 $0.00 $3,407.23 $607,687.21
199 $607,687.21 $1,673.02 $0.00 $3,435.95 $612,796.18
200 $612,796.18 $1,673.02 $0.00 $3,464.84 $617,934.04
201 $617,934.04 $1,673.02 $0.00 $3,493.89 $623,100.95
202 $623,100.95 $1,673.02 $0.00 $3,523.10 $628,297.07
203 $628,297.07 $1,673.02 $0.00 $3,552.48 $633,522.57
204 $633,522.57 $1,673.02 $0.00 $3,582.03 $638,777.62
205 $638,777.62 $1,673.02 $0.00 $3,611.74 $644,062.38
206 $644,062.38 $1,673.02 $0.00 $3,641.62 $649,377.02
207 $649,377.02 $1,673.02 $0.00 $3,671.67 $654,721.71
208 $654,721.71 $1,673.02 $0.00 $3,701.89 $660,096.62
209 $660,096.62 $1,673.02 $0.00 $3,732.28 $665,501.92
210 $665,501.92 $1,673.02 $0.00 $3,762.84 $670,937.78
211 $670,937.78 $1,673.02 $0.00 $3,793.58 $676,404.38
212 $676,404.38 $1,673.02 $0.00 $3,824.49 $681,901.89
213 $681,901.89 $1,673.02 $0.00 $3,855.57 $687,430.48
214 $687,430.48 $1,673.02 $0.00 $3,886.83 $692,990.33
215 $692,990.33 $1,673.02 $0.00 $3,918.27 $698,581.62
216 $698,581.62 $1,673.02 $0.00 $3,949.88 $704,204.52
217 $704,204.52 $1,673.02 $196,144.28 $3,981.67 $513,714.93
218 $513,714.93 $1,673.02 $0.00 $2,904.62 $518,292.57
219 $518,292.57 $1,673.02 $0.00 $2,930.50 $522,896.09
220 $522,896.09 $1,673.02 $0.00 $2,956.53 $527,525.64
221 $527,525.64 $1,673.02 $0.00 $2,982.71 $532,181.37
222 $532,181.37 $1,673.02 $0.00 $3,009.03 $536,863.42
223 $536,863.42 $1,673.02 $0.00 $3,035.50 $541,571.94
224 $541,571.94 $1,673.02 $0.00 $3,062.13 $546,307.09
225 $546,307.09 $1,673.02 $0.00 $3,088.90 $551,069.01
226 $551,069.01 $1,673.02 $0.00 $3,115.82 $555,857.85
227 $555,857.85 $1,673.02 $0.00 $3,142.90 $560,673.77
228 $560,673.77 $1,673.02 $0.00 $3,170.13 $565,516.92
229 $565,516.92 $1,673.02 $205,951.49 $3,197.51 $364,435.96
230 $364,435.96 $1,673.02 $0.00 $2,060.57 $368,169.55
231 $368,169.55 $1,673.02 $0.00 $2,081.68 $371,924.25
232 $371,924.25 $1,673.02 $0.00 $2,102.91 $375,700.18
233 $375,700.18 $1,673.02 $0.00 $2,124.26 $379,497.46
234 $379,497.46 $1,673.02 $0.00 $2,145.73 $383,316.21
235 $383,316.21 $1,673.02 $0.00 $2,167.33 $387,156.56
236 $387,156.56 $1,673.02 $0.00 $2,189.04 $391,018.62
237 $391,018.62 $1,673.02 $0.00 $2,210.88 $394,902.52
238 $394,902.52 $1,673.02 $0.00 $2,232.84 $398,808.38
239 $398,808.38 $1,673.02 $0.00 $2,254.92 $402,736.32
240 $402,736.32 $1,673.02 $0.00 $2,277.13 $406,686.47
241 $406,686.47 $1,673.02 $216,249.07 $2,299.46 $194,409.88
242 $194,409.88 $1,673.02 $0.00 $1,099.22 $197,182.12
243 $197,182.12 $1,673.02 $0.00 $1,114.90 $199,970.04
244 $199,970.04 $1,673.02 $0.00 $1,130.66 $202,773.72
245 $202,773.72 $1,673.02 $0.00 $1,146.51 $205,593.25
246 $205,593.25 $1,673.02 $0.00 $1,162.45 $208,428.72
247 $208,428.72 $1,673.02 $0.00 $1,178.49 $211,280.23
248 $211,280.23 $1,673.02 $0.00 $1,194.61 $214,147.86
249 $214,147.86 $1,673.02 $0.00 $1,210.82 $217,031.70
250 $217,031.70 $1,673.02 $0.00 $1,227.13 $219,931.85
251 $219,931.85 $1,673.02 $0.00 $1,243.53 $222,848.40
252 $222,848.40 $1,673.02 $0.00 $1,260.02 $225,781.44
253 $225,781.44 $0.00 $227,061.52 $1,276.60 ($3.48)