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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$153,017
Monthly savings required$1,211

How much will it cost to send your child to Linfield College McMinnville Campus in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $612,069.56 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,211.26 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$59,007.00
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 $1,211.26 $0.00 $0.00 $1,211.26
2 $1,211.26 $1,211.26 $0.00 $6.85 $2,429.37
3 $2,429.37 $1,211.26 $0.00 $13.74 $3,654.37
4 $3,654.37 $1,211.26 $0.00 $20.66 $4,886.29
5 $4,886.29 $1,211.26 $0.00 $27.63 $6,125.18
6 $6,125.18 $1,211.26 $0.00 $34.63 $7,371.07
7 $7,371.07 $1,211.26 $0.00 $41.68 $8,624.01
8 $8,624.01 $1,211.26 $0.00 $48.76 $9,884.03
9 $9,884.03 $1,211.26 $0.00 $55.89 $11,151.18
10 $11,151.18 $1,211.26 $0.00 $63.05 $12,425.49
11 $12,425.49 $1,211.26 $0.00 $70.26 $13,707.01
12 $13,707.01 $1,211.26 $0.00 $77.50 $14,995.77
13 $14,995.77 $1,211.26 $0.00 $84.79 $16,291.82
14 $16,291.82 $1,211.26 $0.00 $92.12 $17,595.20
15 $17,595.20 $1,211.26 $0.00 $99.49 $18,905.95
16 $18,905.95 $1,211.26 $0.00 $106.90 $20,224.11
17 $20,224.11 $1,211.26 $0.00 $114.35 $21,549.72
18 $21,549.72 $1,211.26 $0.00 $121.85 $22,882.83
19 $22,882.83 $1,211.26 $0.00 $129.38 $24,223.47
20 $24,223.47 $1,211.26 $0.00 $136.96 $25,571.69
21 $25,571.69 $1,211.26 $0.00 $144.59 $26,927.54
22 $26,927.54 $1,211.26 $0.00 $152.25 $28,291.05
23 $28,291.05 $1,211.26 $0.00 $159.96 $29,662.27
24 $29,662.27 $1,211.26 $0.00 $167.71 $31,041.24
25 $31,041.24 $1,211.26 $0.00 $175.51 $32,428.01
26 $32,428.01 $1,211.26 $0.00 $183.35 $33,822.62
27 $33,822.62 $1,211.26 $0.00 $191.24 $35,225.12
28 $35,225.12 $1,211.26 $0.00 $199.17 $36,635.55
29 $36,635.55 $1,211.26 $0.00 $207.14 $38,053.95
30 $38,053.95 $1,211.26 $0.00 $215.16 $39,480.37
31 $39,480.37 $1,211.26 $0.00 $223.23 $40,914.86
32 $40,914.86 $1,211.26 $0.00 $231.34 $42,357.46
33 $42,357.46 $1,211.26 $0.00 $239.50 $43,808.22
34 $43,808.22 $1,211.26 $0.00 $247.70 $45,267.18
35 $45,267.18 $1,211.26 $0.00 $255.95 $46,734.39
36 $46,734.39 $1,211.26 $0.00 $264.24 $48,209.89
37 $48,209.89 $1,211.26 $0.00 $272.59 $49,693.74
38 $49,693.74 $1,211.26 $0.00 $280.98 $51,185.98
39 $51,185.98 $1,211.26 $0.00 $289.41 $52,686.65
40 $52,686.65 $1,211.26 $0.00 $297.90 $54,195.81
41 $54,195.81 $1,211.26 $0.00 $306.43 $55,713.50
42 $55,713.50 $1,211.26 $0.00 $315.01 $57,239.77
43 $57,239.77 $1,211.26 $0.00 $323.64 $58,774.67
44 $58,774.67 $1,211.26 $0.00 $332.32 $60,318.25
45 $60,318.25 $1,211.26 $0.00 $341.05 $61,870.56
46 $61,870.56 $1,211.26 $0.00 $349.83 $63,431.65
47 $63,431.65 $1,211.26 $0.00 $358.65 $65,001.56
48 $65,001.56 $1,211.26 $0.00 $367.53 $66,580.35
49 $66,580.35 $1,211.26 $0.00 $376.45 $68,168.06
50 $68,168.06 $1,211.26 $0.00 $385.43 $69,764.75
51 $69,764.75 $1,211.26 $0.00 $394.46 $71,370.47
52 $71,370.47 $1,211.26 $0.00 $403.54 $72,985.27
53 $72,985.27 $1,211.26 $0.00 $412.67 $74,609.20
54 $74,609.20 $1,211.26 $0.00 $421.85 $76,242.31
55 $76,242.31 $1,211.26 $0.00 $431.09 $77,884.66
56 $77,884.66 $1,211.26 $0.00 $440.37 $79,536.29
57 $79,536.29 $1,211.26 $0.00 $449.71 $81,197.26
58 $81,197.26 $1,211.26 $0.00 $459.10 $82,867.62
59 $82,867.62 $1,211.26 $0.00 $468.55 $84,547.43
60 $84,547.43 $1,211.26 $0.00 $478.04 $86,236.73
61 $86,236.73 $1,211.26 $0.00 $487.60 $87,935.59
62 $87,935.59 $1,211.26 $0.00 $497.20 $89,644.05
63 $89,644.05 $1,211.26 $0.00 $506.86 $91,362.17
64 $91,362.17 $1,211.26 $0.00 $516.57 $93,090.00
65 $93,090.00 $1,211.26 $0.00 $526.34 $94,827.60
66 $94,827.60 $1,211.26 $0.00 $536.17 $96,575.03
67 $96,575.03 $1,211.26 $0.00 $546.05 $98,332.34
68 $98,332.34 $1,211.26 $0.00 $555.99 $100,099.59
69 $100,099.59 $1,211.26 $0.00 $565.98 $101,876.83
70 $101,876.83 $1,211.26 $0.00 $576.03 $103,664.12
71 $103,664.12 $1,211.26 $0.00 $586.13 $105,461.51
72 $105,461.51 $1,211.26 $0.00 $596.29 $107,269.06
73 $107,269.06 $1,211.26 $0.00 $606.51 $109,086.83
74 $109,086.83 $1,211.26 $0.00 $616.79 $110,914.88
75 $110,914.88 $1,211.26 $0.00 $627.13 $112,753.27
76 $112,753.27 $1,211.26 $0.00 $637.52 $114,602.05
77 $114,602.05 $1,211.26 $0.00 $647.98 $116,461.29
78 $116,461.29 $1,211.26 $0.00 $658.49 $118,331.04
79 $118,331.04 $1,211.26 $0.00 $669.06 $120,211.36
80 $120,211.36 $1,211.26 $0.00 $679.69 $122,102.31
81 $122,102.31 $1,211.26 $0.00 $690.38 $124,003.95
82 $124,003.95 $1,211.26 $0.00 $701.14 $125,916.35
83 $125,916.35 $1,211.26 $0.00 $711.95 $127,839.56
84 $127,839.56 $1,211.26 $0.00 $722.82 $129,773.64
85 $129,773.64 $1,211.26 $0.00 $733.76 $131,718.66
86 $131,718.66 $1,211.26 $0.00 $744.76 $133,674.68
87 $133,674.68 $1,211.26 $0.00 $755.82 $135,641.76
88 $135,641.76 $1,211.26 $0.00 $766.94 $137,619.96
89 $137,619.96 $1,211.26 $0.00 $778.12 $139,609.34
90 $139,609.34 $1,211.26 $0.00 $789.37 $141,609.97
91 $141,609.97 $1,211.26 $0.00 $800.68 $143,621.91
92 $143,621.91 $1,211.26 $0.00 $812.06 $145,645.23
93 $145,645.23 $1,211.26 $0.00 $823.50 $147,679.99
94 $147,679.99 $1,211.26 $0.00 $835.00 $149,726.25
95 $149,726.25 $1,211.26 $0.00 $846.57 $151,784.08
96 $151,784.08 $1,211.26 $0.00 $858.21 $153,853.55
97 $153,853.55 $1,211.26 $0.00 $869.91 $155,934.72
98 $155,934.72 $1,211.26 $0.00 $881.68 $158,027.66
99 $158,027.66 $1,211.26 $0.00 $893.51 $160,132.43
100 $160,132.43 $1,211.26 $0.00 $905.41 $162,249.10
101 $162,249.10 $1,211.26 $0.00 $917.38 $164,377.74
102 $164,377.74 $1,211.26 $0.00 $929.42 $166,518.42
103 $166,518.42 $1,211.26 $0.00 $941.52 $168,671.20
104 $168,671.20 $1,211.26 $0.00 $953.69 $170,836.15
105 $170,836.15 $1,211.26 $0.00 $965.93 $173,013.34
106 $173,013.34 $1,211.26 $0.00 $978.24 $175,202.84
107 $175,202.84 $1,211.26 $0.00 $990.62 $177,404.72
108 $177,404.72 $1,211.26 $0.00 $1,003.07 $179,619.05
109 $179,619.05 $1,211.26 $0.00 $1,015.59 $181,845.90
110 $181,845.90 $1,211.26 $0.00 $1,028.18 $184,085.34
111 $184,085.34 $1,211.26 $0.00 $1,040.85 $186,337.45
112 $186,337.45 $1,211.26 $0.00 $1,053.58 $188,602.29
113 $188,602.29 $1,211.26 $0.00 $1,066.38 $190,879.93
114 $190,879.93 $1,211.26 $0.00 $1,079.26 $193,170.45
115 $193,170.45 $1,211.26 $0.00 $1,092.21 $195,473.92
116 $195,473.92 $1,211.26 $0.00 $1,105.24 $197,790.42
117 $197,790.42 $1,211.26 $0.00 $1,118.34 $200,120.02
118 $200,120.02 $1,211.26 $0.00 $1,131.51 $202,462.79
119 $202,462.79 $1,211.26 $0.00 $1,144.75 $204,818.80
120 $204,818.80 $1,211.26 $0.00 $1,158.08 $207,188.14
121 $207,188.14 $1,211.26 $0.00 $1,171.47 $209,570.87
122 $209,570.87 $1,211.26 $0.00 $1,184.94 $211,967.07
123 $211,967.07 $1,211.26 $0.00 $1,198.49 $214,376.82
124 $214,376.82 $1,211.26 $0.00 $1,212.12 $216,800.20
125 $216,800.20 $1,211.26 $0.00 $1,225.82 $219,237.28
126 $219,237.28 $1,211.26 $0.00 $1,239.60 $221,688.14
127 $221,688.14 $1,211.26 $0.00 $1,253.46 $224,152.86
128 $224,152.86 $1,211.26 $0.00 $1,267.39 $226,631.51
129 $226,631.51 $1,211.26 $0.00 $1,281.41 $229,124.18
130 $229,124.18 $1,211.26 $0.00 $1,295.50 $231,630.94
131 $231,630.94 $1,211.26 $0.00 $1,309.68 $234,151.88
132 $234,151.88 $1,211.26 $0.00 $1,323.93 $236,687.07
133 $236,687.07 $1,211.26 $0.00 $1,338.26 $239,236.59
134 $239,236.59 $1,211.26 $0.00 $1,352.68 $241,800.53
135 $241,800.53 $1,211.26 $0.00 $1,367.18 $244,378.97
136 $244,378.97 $1,211.26 $0.00 $1,381.75 $246,971.98
137 $246,971.98 $1,211.26 $0.00 $1,396.42 $249,579.66
138 $249,579.66 $1,211.26 $0.00 $1,411.16 $252,202.08
139 $252,202.08 $1,211.26 $0.00 $1,425.99 $254,839.33
140 $254,839.33 $1,211.26 $0.00 $1,440.90 $257,491.49
141 $257,491.49 $1,211.26 $0.00 $1,455.89 $260,158.64
142 $260,158.64 $1,211.26 $0.00 $1,470.97 $262,840.87
143 $262,840.87 $1,211.26 $0.00 $1,486.14 $265,538.27
144 $265,538.27 $1,211.26 $0.00 $1,501.39 $268,250.92
145 $268,250.92 $1,211.26 $0.00 $1,516.73 $270,978.91
146 $270,978.91 $1,211.26 $0.00 $1,532.15 $273,722.32
147 $273,722.32 $1,211.26 $0.00 $1,547.67 $276,481.25
148 $276,481.25 $1,211.26 $0.00 $1,563.27 $279,255.78
149 $279,255.78 $1,211.26 $0.00 $1,578.95 $282,045.99
150 $282,045.99 $1,211.26 $0.00 $1,594.73 $284,851.98
151 $284,851.98 $1,211.26 $0.00 $1,610.59 $287,673.83
152 $287,673.83 $1,211.26 $0.00 $1,626.55 $290,511.64
153 $290,511.64 $1,211.26 $0.00 $1,642.60 $293,365.50
154 $293,365.50 $1,211.26 $0.00 $1,658.73 $296,235.49
155 $296,235.49 $1,211.26 $0.00 $1,674.96 $299,121.71
156 $299,121.71 $1,211.26 $0.00 $1,691.28 $302,024.25
157 $302,024.25 $1,211.26 $0.00 $1,707.69 $304,943.20
158 $304,943.20 $1,211.26 $0.00 $1,724.19 $307,878.65
159 $307,878.65 $1,211.26 $0.00 $1,740.79 $310,830.70
160 $310,830.70 $1,211.26 $0.00 $1,757.48 $313,799.44
161 $313,799.44 $1,211.26 $0.00 $1,774.27 $316,784.97
162 $316,784.97 $1,211.26 $0.00 $1,791.15 $319,787.38
163 $319,787.38 $1,211.26 $0.00 $1,808.12 $322,806.76
164 $322,806.76 $1,211.26 $0.00 $1,825.20 $325,843.22
165 $325,843.22 $1,211.26 $0.00 $1,842.36 $328,896.84
166 $328,896.84 $1,211.26 $0.00 $1,859.63 $331,967.73
167 $331,967.73 $1,211.26 $0.00 $1,876.99 $335,055.98
168 $335,055.98 $1,211.26 $0.00 $1,894.46 $338,161.70
169 $338,161.70 $1,211.26 $0.00 $1,912.02 $341,284.98
170 $341,284.98 $1,211.26 $0.00 $1,929.67 $344,425.91
171 $344,425.91 $1,211.26 $0.00 $1,947.43 $347,584.60
172 $347,584.60 $1,211.26 $0.00 $1,965.29 $350,761.15
173 $350,761.15 $1,211.26 $0.00 $1,983.25 $353,955.66
174 $353,955.66 $1,211.26 $0.00 $2,001.32 $357,168.24
175 $357,168.24 $1,211.26 $0.00 $2,019.48 $360,398.98
176 $360,398.98 $1,211.26 $0.00 $2,037.75 $363,647.99
177 $363,647.99 $1,211.26 $0.00 $2,056.12 $366,915.37
178 $366,915.37 $1,211.26 $0.00 $2,074.59 $370,201.22
179 $370,201.22 $1,211.26 $0.00 $2,093.17 $373,505.65
180 $373,505.65 $1,211.26 $0.00 $2,111.86 $376,828.77
181 $376,828.77 $1,211.26 $0.00 $2,130.64 $380,170.67
182 $380,170.67 $1,211.26 $0.00 $2,149.54 $383,531.47
183 $383,531.47 $1,211.26 $0.00 $2,168.54 $386,911.27
184 $386,911.27 $1,211.26 $0.00 $2,187.65 $390,310.18
185 $390,310.18 $1,211.26 $0.00 $2,206.87 $393,728.31
186 $393,728.31 $1,211.26 $0.00 $2,226.20 $397,165.77
187 $397,165.77 $1,211.26 $0.00 $2,245.63 $400,622.66
188 $400,622.66 $1,211.26 $0.00 $2,265.18 $404,099.10
189 $404,099.10 $1,211.26 $0.00 $2,284.84 $407,595.20
190 $407,595.20 $1,211.26 $0.00 $2,304.60 $411,111.06
191 $411,111.06 $1,211.26 $0.00 $2,324.48 $414,646.80
192 $414,646.80 $1,211.26 $0.00 $2,344.47 $418,202.53
193 $418,202.53 $1,211.26 $0.00 $2,364.58 $421,778.37
194 $421,778.37 $1,211.26 $0.00 $2,384.80 $425,374.43
195 $425,374.43 $1,211.26 $0.00 $2,405.13 $428,990.82
196 $428,990.82 $1,211.26 $0.00 $2,425.58 $432,627.66
197 $432,627.66 $1,211.26 $0.00 $2,446.14 $436,285.06
198 $436,285.06 $1,211.26 $0.00 $2,466.82 $439,963.14
199 $439,963.14 $1,211.26 $0.00 $2,487.62 $443,662.02
200 $443,662.02 $1,211.26 $0.00 $2,508.53 $447,381.81
201 $447,381.81 $1,211.26 $0.00 $2,529.56 $451,122.63
202 $451,122.63 $1,211.26 $0.00 $2,550.71 $454,884.60
203 $454,884.60 $1,211.26 $0.00 $2,571.98 $458,667.84
204 $458,667.84 $1,211.26 $0.00 $2,593.37 $462,472.47
205 $462,472.47 $1,211.26 $0.00 $2,614.89 $466,298.62
206 $466,298.62 $1,211.26 $0.00 $2,636.52 $470,146.40
207 $470,146.40 $1,211.26 $0.00 $2,658.28 $474,015.94
208 $474,015.94 $1,211.26 $0.00 $2,680.16 $477,907.36
209 $477,907.36 $1,211.26 $0.00 $2,702.16 $481,820.78
210 $481,820.78 $1,211.26 $0.00 $2,724.28 $485,756.32
211 $485,756.32 $1,211.26 $0.00 $2,746.54 $489,714.12
212 $489,714.12 $1,211.26 $0.00 $2,768.91 $493,694.29
213 $493,694.29 $1,211.26 $0.00 $2,791.42 $497,696.97
214 $497,696.97 $1,211.26 $0.00 $2,814.05 $501,722.28
215 $501,722.28 $1,211.26 $0.00 $2,836.81 $505,770.35
216 $505,770.35 $1,211.26 $0.00 $2,859.70 $509,841.31
217 $509,841.31 $1,211.26 $142,007.38 $2,882.72 $371,927.91
218 $371,927.91 $1,211.26 $0.00 $2,102.93 $375,242.10
219 $375,242.10 $1,211.26 $0.00 $2,121.67 $378,575.03
220 $378,575.03 $1,211.26 $0.00 $2,140.52 $381,926.81
221 $381,926.81 $1,211.26 $0.00 $2,159.47 $385,297.54
222 $385,297.54 $1,211.26 $0.00 $2,178.53 $388,687.33
223 $388,687.33 $1,211.26 $0.00 $2,197.69 $392,096.28
224 $392,096.28 $1,211.26 $0.00 $2,216.97 $395,524.51
225 $395,524.51 $1,211.26 $0.00 $2,236.35 $398,972.12
226 $398,972.12 $1,211.26 $0.00 $2,255.85 $402,439.23
227 $402,439.23 $1,211.26 $0.00 $2,275.45 $405,925.94
228 $405,925.94 $1,211.26 $0.00 $2,295.16 $409,432.36
229 $409,432.36 $1,211.26 $149,107.75 $2,314.99 $263,850.86
230 $263,850.86 $1,211.26 $0.00 $1,491.85 $266,553.97
231 $266,553.97 $1,211.26 $0.00 $1,507.13 $269,272.36
232 $269,272.36 $1,211.26 $0.00 $1,522.51 $272,006.13
233 $272,006.13 $1,211.26 $0.00 $1,537.96 $274,755.35
234 $274,755.35 $1,211.26 $0.00 $1,553.51 $277,520.12
235 $277,520.12 $1,211.26 $0.00 $1,569.14 $280,300.52
236 $280,300.52 $1,211.26 $0.00 $1,584.86 $283,096.64
237 $283,096.64 $1,211.26 $0.00 $1,600.67 $285,908.57
238 $285,908.57 $1,211.26 $0.00 $1,616.57 $288,736.40
239 $288,736.40 $1,211.26 $0.00 $1,632.56 $291,580.22
240 $291,580.22 $1,211.26 $0.00 $1,648.64 $294,440.12
241 $294,440.12 $1,211.26 $156,563.14 $1,664.81 $140,753.05
242 $140,753.05 $1,211.26 $0.00 $795.84 $142,760.15
243 $142,760.15 $1,211.26 $0.00 $807.19 $144,778.60
244 $144,778.60 $1,211.26 $0.00 $818.60 $146,808.46
245 $146,808.46 $1,211.26 $0.00 $830.08 $148,849.80
246 $148,849.80 $1,211.26 $0.00 $841.62 $150,902.68
247 $150,902.68 $1,211.26 $0.00 $853.23 $152,967.17
248 $152,967.17 $1,211.26 $0.00 $864.90 $155,043.33
249 $155,043.33 $1,211.26 $0.00 $876.64 $157,131.23
250 $157,131.23 $1,211.26 $0.00 $888.44 $159,230.93
251 $159,230.93 $1,211.26 $0.00 $900.31 $161,342.50
252 $161,342.50 $1,211.26 $0.00 $912.25 $163,466.01
253 $163,466.01 $0.00 $164,391.29 $924.26 ($1.02)