Savings Plan and Future Cost Estimation for Ohio Mid Western College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$55,383
Monthly savings required$438

How much will it cost to send your child to Ohio Mid Western College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $221,532.52 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $438.40 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$21,357.00
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 $438.40 $0.00 $0.00 $438.40
2 $438.40 $438.40 $0.00 $2.48 $879.28
3 $879.28 $438.40 $0.00 $4.97 $1,322.65
4 $1,322.65 $438.40 $0.00 $7.48 $1,768.53
5 $1,768.53 $438.40 $0.00 $10.00 $2,216.93
6 $2,216.93 $438.40 $0.00 $12.53 $2,667.86
7 $2,667.86 $438.40 $0.00 $15.08 $3,121.34
8 $3,121.34 $438.40 $0.00 $17.65 $3,577.39
9 $3,577.39 $438.40 $0.00 $20.23 $4,036.02
10 $4,036.02 $438.40 $0.00 $22.82 $4,497.24
11 $4,497.24 $438.40 $0.00 $25.43 $4,961.07
12 $4,961.07 $438.40 $0.00 $28.05 $5,427.52
13 $5,427.52 $438.40 $0.00 $30.69 $5,896.61
14 $5,896.61 $438.40 $0.00 $33.34 $6,368.35
15 $6,368.35 $438.40 $0.00 $36.01 $6,842.76
16 $6,842.76 $438.40 $0.00 $38.69 $7,319.85
17 $7,319.85 $438.40 $0.00 $41.39 $7,799.64
18 $7,799.64 $438.40 $0.00 $44.10 $8,282.14
19 $8,282.14 $438.40 $0.00 $46.83 $8,767.37
20 $8,767.37 $438.40 $0.00 $49.57 $9,255.34
21 $9,255.34 $438.40 $0.00 $52.33 $9,746.07
22 $9,746.07 $438.40 $0.00 $55.11 $10,239.58
23 $10,239.58 $438.40 $0.00 $57.90 $10,735.88
24 $10,735.88 $438.40 $0.00 $60.70 $11,234.98
25 $11,234.98 $438.40 $0.00 $63.52 $11,736.90
26 $11,736.90 $438.40 $0.00 $66.36 $12,241.66
27 $12,241.66 $438.40 $0.00 $69.22 $12,749.28
28 $12,749.28 $438.40 $0.00 $72.09 $13,259.77
29 $13,259.77 $438.40 $0.00 $74.97 $13,773.14
30 $13,773.14 $438.40 $0.00 $77.88 $14,289.42
31 $14,289.42 $438.40 $0.00 $80.79 $14,808.61
32 $14,808.61 $438.40 $0.00 $83.73 $15,330.74
33 $15,330.74 $438.40 $0.00 $86.68 $15,855.82
34 $15,855.82 $438.40 $0.00 $89.65 $16,383.87
35 $16,383.87 $438.40 $0.00 $92.64 $16,914.91
36 $16,914.91 $438.40 $0.00 $95.64 $17,448.95
37 $17,448.95 $438.40 $0.00 $98.66 $17,986.01
38 $17,986.01 $438.40 $0.00 $101.70 $18,526.11
39 $18,526.11 $438.40 $0.00 $104.75 $19,069.26
40 $19,069.26 $438.40 $0.00 $107.82 $19,615.48
41 $19,615.48 $438.40 $0.00 $110.91 $20,164.79
42 $20,164.79 $438.40 $0.00 $114.01 $20,717.20
43 $20,717.20 $438.40 $0.00 $117.14 $21,272.74
44 $21,272.74 $438.40 $0.00 $120.28 $21,831.42
45 $21,831.42 $438.40 $0.00 $123.44 $22,393.26
46 $22,393.26 $438.40 $0.00 $126.61 $22,958.27
47 $22,958.27 $438.40 $0.00 $129.81 $23,526.48
48 $23,526.48 $438.40 $0.00 $133.02 $24,097.90
49 $24,097.90 $438.40 $0.00 $136.25 $24,672.55
50 $24,672.55 $438.40 $0.00 $139.50 $25,250.45
51 $25,250.45 $438.40 $0.00 $142.77 $25,831.62
52 $25,831.62 $438.40 $0.00 $146.06 $26,416.08
53 $26,416.08 $438.40 $0.00 $149.36 $27,003.84
54 $27,003.84 $438.40 $0.00 $152.68 $27,594.92
55 $27,594.92 $438.40 $0.00 $156.03 $28,189.35
56 $28,189.35 $438.40 $0.00 $159.39 $28,787.14
57 $28,787.14 $438.40 $0.00 $162.77 $29,388.31
58 $29,388.31 $438.40 $0.00 $166.17 $29,992.88
59 $29,992.88 $438.40 $0.00 $169.58 $30,600.86
60 $30,600.86 $438.40 $0.00 $173.02 $31,212.28
61 $31,212.28 $438.40 $0.00 $176.48 $31,827.16
62 $31,827.16 $438.40 $0.00 $179.96 $32,445.52
63 $32,445.52 $438.40 $0.00 $183.45 $33,067.37
64 $33,067.37 $438.40 $0.00 $186.97 $33,692.74
65 $33,692.74 $438.40 $0.00 $190.50 $34,321.64
66 $34,321.64 $438.40 $0.00 $194.06 $34,954.10
67 $34,954.10 $438.40 $0.00 $197.64 $35,590.14
68 $35,590.14 $438.40 $0.00 $201.23 $36,229.77
69 $36,229.77 $438.40 $0.00 $204.85 $36,873.02
70 $36,873.02 $438.40 $0.00 $208.49 $37,519.91
71 $37,519.91 $438.40 $0.00 $212.14 $38,170.45
72 $38,170.45 $438.40 $0.00 $215.82 $38,824.67
73 $38,824.67 $438.40 $0.00 $219.52 $39,482.59
74 $39,482.59 $438.40 $0.00 $223.24 $40,144.23
75 $40,144.23 $438.40 $0.00 $226.98 $40,809.61
76 $40,809.61 $438.40 $0.00 $230.74 $41,478.75
77 $41,478.75 $438.40 $0.00 $234.53 $42,151.68
78 $42,151.68 $438.40 $0.00 $238.33 $42,828.41
79 $42,828.41 $438.40 $0.00 $242.16 $43,508.97
80 $43,508.97 $438.40 $0.00 $246.01 $44,193.38
81 $44,193.38 $438.40 $0.00 $249.88 $44,881.66
82 $44,881.66 $438.40 $0.00 $253.77 $45,573.83
83 $45,573.83 $438.40 $0.00 $257.68 $46,269.91
84 $46,269.91 $438.40 $0.00 $261.62 $46,969.93
85 $46,969.93 $438.40 $0.00 $265.57 $47,673.90
86 $47,673.90 $438.40 $0.00 $269.56 $48,381.86
87 $48,381.86 $438.40 $0.00 $273.56 $49,093.82
88 $49,093.82 $438.40 $0.00 $277.58 $49,809.80
89 $49,809.80 $438.40 $0.00 $281.63 $50,529.83
90 $50,529.83 $438.40 $0.00 $285.70 $51,253.93
91 $51,253.93 $438.40 $0.00 $289.80 $51,982.13
92 $51,982.13 $438.40 $0.00 $293.91 $52,714.44
93 $52,714.44 $438.40 $0.00 $298.06 $53,450.90
94 $53,450.90 $438.40 $0.00 $302.22 $54,191.52
95 $54,191.52 $438.40 $0.00 $306.41 $54,936.33
96 $54,936.33 $438.40 $0.00 $310.62 $55,685.35
97 $55,685.35 $438.40 $0.00 $314.85 $56,438.60
98 $56,438.60 $438.40 $0.00 $319.11 $57,196.11
99 $57,196.11 $438.40 $0.00 $323.40 $57,957.91
100 $57,957.91 $438.40 $0.00 $327.70 $58,724.01
101 $58,724.01 $438.40 $0.00 $332.03 $59,494.44
102 $59,494.44 $438.40 $0.00 $336.39 $60,269.23
103 $60,269.23 $438.40 $0.00 $340.77 $61,048.40
104 $61,048.40 $438.40 $0.00 $345.18 $61,831.98
105 $61,831.98 $438.40 $0.00 $349.61 $62,619.99
106 $62,619.99 $438.40 $0.00 $354.06 $63,412.45
107 $63,412.45 $438.40 $0.00 $358.54 $64,209.39
108 $64,209.39 $438.40 $0.00 $363.05 $65,010.84
109 $65,010.84 $438.40 $0.00 $367.58 $65,816.82
110 $65,816.82 $438.40 $0.00 $372.14 $66,627.36
111 $66,627.36 $438.40 $0.00 $376.72 $67,442.48
112 $67,442.48 $438.40 $0.00 $381.33 $68,262.21
113 $68,262.21 $438.40 $0.00 $385.96 $69,086.57
114 $69,086.57 $438.40 $0.00 $390.63 $69,915.60
115 $69,915.60 $438.40 $0.00 $395.31 $70,749.31
116 $70,749.31 $438.40 $0.00 $400.03 $71,587.74
117 $71,587.74 $438.40 $0.00 $404.77 $72,430.91
118 $72,430.91 $438.40 $0.00 $409.53 $73,278.84
119 $73,278.84 $438.40 $0.00 $414.33 $74,131.57
120 $74,131.57 $438.40 $0.00 $419.15 $74,989.12
121 $74,989.12 $438.40 $0.00 $424.00 $75,851.52
122 $75,851.52 $438.40 $0.00 $428.88 $76,718.80
123 $76,718.80 $438.40 $0.00 $433.78 $77,590.98
124 $77,590.98 $438.40 $0.00 $438.71 $78,468.09
125 $78,468.09 $438.40 $0.00 $443.67 $79,350.16
126 $79,350.16 $438.40 $0.00 $448.66 $80,237.22
127 $80,237.22 $438.40 $0.00 $453.67 $81,129.29
128 $81,129.29 $438.40 $0.00 $458.72 $82,026.41
129 $82,026.41 $438.40 $0.00 $463.79 $82,928.60
130 $82,928.60 $438.40 $0.00 $468.89 $83,835.89
131 $83,835.89 $438.40 $0.00 $474.02 $84,748.31
132 $84,748.31 $438.40 $0.00 $479.18 $85,665.89
133 $85,665.89 $438.40 $0.00 $484.37 $86,588.66
134 $86,588.66 $438.40 $0.00 $489.58 $87,516.64
135 $87,516.64 $438.40 $0.00 $494.83 $88,449.87
136 $88,449.87 $438.40 $0.00 $500.11 $89,388.38
137 $89,388.38 $438.40 $0.00 $505.41 $90,332.19
138 $90,332.19 $438.40 $0.00 $510.75 $91,281.34
139 $91,281.34 $438.40 $0.00 $516.12 $92,235.86
140 $92,235.86 $438.40 $0.00 $521.51 $93,195.77
141 $93,195.77 $438.40 $0.00 $526.94 $94,161.11
142 $94,161.11 $438.40 $0.00 $532.40 $95,131.91
143 $95,131.91 $438.40 $0.00 $537.89 $96,108.20
144 $96,108.20 $438.40 $0.00 $543.41 $97,090.01
145 $97,090.01 $438.40 $0.00 $548.96 $98,077.37
146 $98,077.37 $438.40 $0.00 $554.54 $99,070.31
147 $99,070.31 $438.40 $0.00 $560.16 $100,068.87
148 $100,068.87 $438.40 $0.00 $565.80 $101,073.07
149 $101,073.07 $438.40 $0.00 $571.48 $102,082.95
150 $102,082.95 $438.40 $0.00 $577.19 $103,098.54
151 $103,098.54 $438.40 $0.00 $582.93 $104,119.87
152 $104,119.87 $438.40 $0.00 $588.71 $105,146.98
153 $105,146.98 $438.40 $0.00 $594.52 $106,179.90
154 $106,179.90 $438.40 $0.00 $600.36 $107,218.66
155 $107,218.66 $438.40 $0.00 $606.23 $108,263.29
156 $108,263.29 $438.40 $0.00 $612.14 $109,313.83
157 $109,313.83 $438.40 $0.00 $618.08 $110,370.31
158 $110,370.31 $438.40 $0.00 $624.05 $111,432.76
159 $111,432.76 $438.40 $0.00 $630.06 $112,501.22
160 $112,501.22 $438.40 $0.00 $636.10 $113,575.72
161 $113,575.72 $438.40 $0.00 $642.17 $114,656.29
162 $114,656.29 $438.40 $0.00 $648.28 $115,742.97
163 $115,742.97 $438.40 $0.00 $654.43 $116,835.80
164 $116,835.80 $438.40 $0.00 $660.61 $117,934.81
165 $117,934.81 $438.40 $0.00 $666.82 $119,040.03
166 $119,040.03 $438.40 $0.00 $673.07 $120,151.50
167 $120,151.50 $438.40 $0.00 $679.35 $121,269.25
168 $121,269.25 $438.40 $0.00 $685.67 $122,393.32
169 $122,393.32 $438.40 $0.00 $692.03 $123,523.75
170 $123,523.75 $438.40 $0.00 $698.42 $124,660.57
171 $124,660.57 $438.40 $0.00 $704.85 $125,803.82
172 $125,803.82 $438.40 $0.00 $711.31 $126,953.53
173 $126,953.53 $438.40 $0.00 $717.81 $128,109.74
174 $128,109.74 $438.40 $0.00 $724.35 $129,272.49
175 $129,272.49 $438.40 $0.00 $730.93 $130,441.82
176 $130,441.82 $438.40 $0.00 $737.54 $131,617.76
177 $131,617.76 $438.40 $0.00 $744.19 $132,800.35
178 $132,800.35 $438.40 $0.00 $750.87 $133,989.62
179 $133,989.62 $438.40 $0.00 $757.60 $135,185.62
180 $135,185.62 $438.40 $0.00 $764.36 $136,388.38
181 $136,388.38 $438.40 $0.00 $771.16 $137,597.94
182 $137,597.94 $438.40 $0.00 $778.00 $138,814.34
183 $138,814.34 $438.40 $0.00 $784.88 $140,037.62
184 $140,037.62 $438.40 $0.00 $791.79 $141,267.81
185 $141,267.81 $438.40 $0.00 $798.75 $142,504.96
186 $142,504.96 $438.40 $0.00 $805.74 $143,749.10
187 $143,749.10 $438.40 $0.00 $812.78 $145,000.28
188 $145,000.28 $438.40 $0.00 $819.85 $146,258.53
189 $146,258.53 $438.40 $0.00 $826.97 $147,523.90
190 $147,523.90 $438.40 $0.00 $834.12 $148,796.42
191 $148,796.42 $438.40 $0.00 $841.32 $150,076.14
192 $150,076.14 $438.40 $0.00 $848.55 $151,363.09
193 $151,363.09 $438.40 $0.00 $855.83 $152,657.32
194 $152,657.32 $438.40 $0.00 $863.15 $153,958.87
195 $153,958.87 $438.40 $0.00 $870.51 $155,267.78
196 $155,267.78 $438.40 $0.00 $877.91 $156,584.09
197 $156,584.09 $438.40 $0.00 $885.35 $157,907.84
198 $157,907.84 $438.40 $0.00 $892.83 $159,239.07
199 $159,239.07 $438.40 $0.00 $900.36 $160,577.83
200 $160,577.83 $438.40 $0.00 $907.93 $161,924.16
201 $161,924.16 $438.40 $0.00 $915.54 $163,278.10
202 $163,278.10 $438.40 $0.00 $923.20 $164,639.70
203 $164,639.70 $438.40 $0.00 $930.90 $166,009.00
204 $166,009.00 $438.40 $0.00 $938.64 $167,386.04
205 $167,386.04 $438.40 $0.00 $946.43 $168,770.87
206 $168,770.87 $438.40 $0.00 $954.26 $170,163.53
207 $170,163.53 $438.40 $0.00 $962.13 $171,564.06
208 $171,564.06 $438.40 $0.00 $970.05 $172,972.51
209 $172,972.51 $438.40 $0.00 $978.01 $174,388.92
210 $174,388.92 $438.40 $0.00 $986.02 $175,813.34
211 $175,813.34 $438.40 $0.00 $994.07 $177,245.81
212 $177,245.81 $438.40 $0.00 $1,002.17 $178,686.38
213 $178,686.38 $438.40 $0.00 $1,010.32 $180,135.10
214 $180,135.10 $438.40 $0.00 $1,018.51 $181,592.01
215 $181,592.01 $438.40 $0.00 $1,026.75 $183,057.16
216 $183,057.16 $438.40 $0.00 $1,035.03 $184,530.59
217 $184,530.59 $438.40 $51,398.17 $1,043.36 $134,614.18
218 $134,614.18 $438.40 $0.00 $761.13 $135,813.71
219 $135,813.71 $438.40 $0.00 $767.91 $137,020.02
220 $137,020.02 $438.40 $0.00 $774.73 $138,233.15
221 $138,233.15 $438.40 $0.00 $781.59 $139,453.14
222 $139,453.14 $438.40 $0.00 $788.49 $140,680.03
223 $140,680.03 $438.40 $0.00 $795.43 $141,913.86
224 $141,913.86 $438.40 $0.00 $802.40 $143,154.66
225 $143,154.66 $438.40 $0.00 $809.42 $144,402.48
226 $144,402.48 $438.40 $0.00 $816.47 $145,657.35
227 $145,657.35 $438.40 $0.00 $823.57 $146,919.32
228 $146,919.32 $438.40 $0.00 $830.70 $148,188.42
229 $148,188.42 $438.40 $53,968.08 $837.88 $95,496.62
230 $95,496.62 $438.40 $0.00 $539.95 $96,474.97
231 $96,474.97 $438.40 $0.00 $545.48 $97,458.85
232 $97,458.85 $438.40 $0.00 $551.05 $98,448.30
233 $98,448.30 $438.40 $0.00 $556.64 $99,443.34
234 $99,443.34 $438.40 $0.00 $562.27 $100,444.01
235 $100,444.01 $438.40 $0.00 $567.93 $101,450.34
236 $101,450.34 $438.40 $0.00 $573.61 $102,462.35
237 $102,462.35 $438.40 $0.00 $579.34 $103,480.09
238 $103,480.09 $438.40 $0.00 $585.09 $104,503.58
239 $104,503.58 $438.40 $0.00 $590.88 $105,532.86
240 $105,532.86 $438.40 $0.00 $596.70 $106,567.96
241 $106,567.96 $438.40 $56,666.48 $602.55 $50,942.43
242 $50,942.43 $438.40 $0.00 $288.04 $51,668.87
243 $51,668.87 $438.40 $0.00 $292.14 $52,399.41
244 $52,399.41 $438.40 $0.00 $296.27 $53,134.08
245 $53,134.08 $438.40 $0.00 $300.43 $53,872.91
246 $53,872.91 $438.40 $0.00 $304.61 $54,615.92
247 $54,615.92 $438.40 $0.00 $308.81 $55,363.13
248 $55,363.13 $438.40 $0.00 $313.03 $56,114.56
249 $56,114.56 $438.40 $0.00 $317.28 $56,870.24
250 $56,870.24 $438.40 $0.00 $321.55 $57,630.19
251 $57,630.19 $438.40 $0.00 $325.85 $58,394.44
252 $58,394.44 $438.40 $0.00 $330.17 $59,163.01
253 $59,163.01 $0.00 $59,499.80 $334.52 ($2.27)