Savings Plan and Future Cost Estimation for Reed College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$209,972
Monthly savings required$1,662

How much will it cost to send your child to Reed College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $839,888.02 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,662.11 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$80,970.00
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 $1,662.11 $0.00 $0.00 $1,662.11
2 $1,662.11 $1,662.11 $0.00 $9.40 $3,333.62
3 $3,333.62 $1,662.11 $0.00 $18.85 $5,014.58
4 $5,014.58 $1,662.11 $0.00 $28.35 $6,705.04
5 $6,705.04 $1,662.11 $0.00 $37.91 $8,405.06
6 $8,405.06 $1,662.11 $0.00 $47.52 $10,114.69
7 $10,114.69 $1,662.11 $0.00 $57.19 $11,833.99
8 $11,833.99 $1,662.11 $0.00 $66.91 $13,563.01
9 $13,563.01 $1,662.11 $0.00 $76.69 $15,301.81
10 $15,301.81 $1,662.11 $0.00 $86.52 $17,050.44
11 $17,050.44 $1,662.11 $0.00 $96.41 $18,808.96
12 $18,808.96 $1,662.11 $0.00 $106.35 $20,577.42
13 $20,577.42 $1,662.11 $0.00 $116.35 $22,355.88
14 $22,355.88 $1,662.11 $0.00 $126.40 $24,144.39
15 $24,144.39 $1,662.11 $0.00 $136.52 $25,943.02
16 $25,943.02 $1,662.11 $0.00 $146.69 $27,751.82
17 $27,751.82 $1,662.11 $0.00 $156.91 $29,570.84
18 $29,570.84 $1,662.11 $0.00 $167.20 $31,400.15
19 $31,400.15 $1,662.11 $0.00 $177.54 $33,239.80
20 $33,239.80 $1,662.11 $0.00 $187.94 $35,089.85
21 $35,089.85 $1,662.11 $0.00 $198.40 $36,950.36
22 $36,950.36 $1,662.11 $0.00 $208.92 $38,821.39
23 $38,821.39 $1,662.11 $0.00 $219.50 $40,703.00
24 $40,703.00 $1,662.11 $0.00 $230.14 $42,595.25
25 $42,595.25 $1,662.11 $0.00 $240.84 $44,498.20
26 $44,498.20 $1,662.11 $0.00 $251.60 $46,411.91
27 $46,411.91 $1,662.11 $0.00 $262.42 $48,336.44
28 $48,336.44 $1,662.11 $0.00 $273.30 $50,271.85
29 $50,271.85 $1,662.11 $0.00 $284.24 $52,218.20
30 $52,218.20 $1,662.11 $0.00 $295.25 $54,175.56
31 $54,175.56 $1,662.11 $0.00 $306.32 $56,143.99
32 $56,143.99 $1,662.11 $0.00 $317.45 $58,123.55
33 $58,123.55 $1,662.11 $0.00 $328.64 $60,114.30
34 $60,114.30 $1,662.11 $0.00 $339.89 $62,116.30
35 $62,116.30 $1,662.11 $0.00 $351.21 $64,129.62
36 $64,129.62 $1,662.11 $0.00 $362.60 $66,154.33
37 $66,154.33 $1,662.11 $0.00 $374.05 $68,190.49
38 $68,190.49 $1,662.11 $0.00 $385.56 $70,238.16
39 $70,238.16 $1,662.11 $0.00 $397.14 $72,297.41
40 $72,297.41 $1,662.11 $0.00 $408.78 $74,368.30
41 $74,368.30 $1,662.11 $0.00 $420.49 $76,450.90
42 $76,450.90 $1,662.11 $0.00 $432.26 $78,545.27
43 $78,545.27 $1,662.11 $0.00 $444.11 $80,651.49
44 $80,651.49 $1,662.11 $0.00 $456.02 $82,769.62
45 $82,769.62 $1,662.11 $0.00 $467.99 $84,899.72
46 $84,899.72 $1,662.11 $0.00 $480.04 $87,041.87
47 $87,041.87 $1,662.11 $0.00 $492.15 $89,196.13
48 $89,196.13 $1,662.11 $0.00 $504.33 $91,362.57
49 $91,362.57 $1,662.11 $0.00 $516.58 $93,541.26
50 $93,541.26 $1,662.11 $0.00 $528.90 $95,732.27
51 $95,732.27 $1,662.11 $0.00 $541.28 $97,935.66
52 $97,935.66 $1,662.11 $0.00 $553.74 $100,151.51
53 $100,151.51 $1,662.11 $0.00 $566.27 $102,379.89
54 $102,379.89 $1,662.11 $0.00 $578.87 $104,620.87
55 $104,620.87 $1,662.11 $0.00 $591.54 $106,874.52
56 $106,874.52 $1,662.11 $0.00 $604.28 $109,140.91
57 $109,140.91 $1,662.11 $0.00 $617.10 $111,420.12
58 $111,420.12 $1,662.11 $0.00 $629.99 $113,712.22
59 $113,712.22 $1,662.11 $0.00 $642.95 $116,017.28
60 $116,017.28 $1,662.11 $0.00 $655.98 $118,335.37
61 $118,335.37 $1,662.11 $0.00 $669.09 $120,666.57
62 $120,666.57 $1,662.11 $0.00 $682.27 $123,010.95
63 $123,010.95 $1,662.11 $0.00 $695.52 $125,368.58
64 $125,368.58 $1,662.11 $0.00 $708.85 $127,739.54
65 $127,739.54 $1,662.11 $0.00 $722.26 $130,123.91
66 $130,123.91 $1,662.11 $0.00 $735.74 $132,521.76
67 $132,521.76 $1,662.11 $0.00 $749.30 $134,933.17
68 $134,933.17 $1,662.11 $0.00 $762.93 $137,358.21
69 $137,358.21 $1,662.11 $0.00 $776.64 $139,796.96
70 $139,796.96 $1,662.11 $0.00 $790.43 $142,249.50
71 $142,249.50 $1,662.11 $0.00 $804.30 $144,715.91
72 $144,715.91 $1,662.11 $0.00 $818.24 $147,196.26
73 $147,196.26 $1,662.11 $0.00 $832.27 $149,690.64
74 $149,690.64 $1,662.11 $0.00 $846.37 $152,199.12
75 $152,199.12 $1,662.11 $0.00 $860.56 $154,721.79
76 $154,721.79 $1,662.11 $0.00 $874.82 $157,258.72
77 $157,258.72 $1,662.11 $0.00 $889.16 $159,809.99
78 $159,809.99 $1,662.11 $0.00 $903.59 $162,375.69
79 $162,375.69 $1,662.11 $0.00 $918.10 $164,955.90
80 $164,955.90 $1,662.11 $0.00 $932.68 $167,550.69
81 $167,550.69 $1,662.11 $0.00 $947.36 $170,160.16
82 $170,160.16 $1,662.11 $0.00 $962.11 $172,784.38
83 $172,784.38 $1,662.11 $0.00 $976.95 $175,423.44
84 $175,423.44 $1,662.11 $0.00 $991.87 $178,077.42
85 $178,077.42 $1,662.11 $0.00 $1,006.88 $180,746.41
86 $180,746.41 $1,662.11 $0.00 $1,021.97 $183,430.49
87 $183,430.49 $1,662.11 $0.00 $1,037.14 $186,129.74
88 $186,129.74 $1,662.11 $0.00 $1,052.40 $188,844.25
89 $188,844.25 $1,662.11 $0.00 $1,067.75 $191,574.11
90 $191,574.11 $1,662.11 $0.00 $1,083.19 $194,319.41
91 $194,319.41 $1,662.11 $0.00 $1,098.71 $197,080.23
92 $197,080.23 $1,662.11 $0.00 $1,114.32 $199,856.66
93 $199,856.66 $1,662.11 $0.00 $1,130.02 $202,648.79
94 $202,648.79 $1,662.11 $0.00 $1,145.81 $205,456.71
95 $205,456.71 $1,662.11 $0.00 $1,161.68 $208,280.50
96 $208,280.50 $1,662.11 $0.00 $1,177.65 $211,120.26
97 $211,120.26 $1,662.11 $0.00 $1,193.70 $213,976.07
98 $213,976.07 $1,662.11 $0.00 $1,209.85 $216,848.03
99 $216,848.03 $1,662.11 $0.00 $1,226.09 $219,736.23
100 $219,736.23 $1,662.11 $0.00 $1,242.42 $222,640.76
101 $222,640.76 $1,662.11 $0.00 $1,258.84 $225,561.71
102 $225,561.71 $1,662.11 $0.00 $1,275.36 $228,499.18
103 $228,499.18 $1,662.11 $0.00 $1,291.97 $231,453.26
104 $231,453.26 $1,662.11 $0.00 $1,308.67 $234,424.04
105 $234,424.04 $1,662.11 $0.00 $1,325.47 $237,411.62
106 $237,411.62 $1,662.11 $0.00 $1,342.36 $240,416.09
107 $240,416.09 $1,662.11 $0.00 $1,359.35 $243,437.55
108 $243,437.55 $1,662.11 $0.00 $1,376.43 $246,476.09
109 $246,476.09 $1,662.11 $0.00 $1,393.61 $249,531.81
110 $249,531.81 $1,662.11 $0.00 $1,410.89 $252,604.81
111 $252,604.81 $1,662.11 $0.00 $1,428.26 $255,695.18
112 $255,695.18 $1,662.11 $0.00 $1,445.74 $258,803.03
113 $258,803.03 $1,662.11 $0.00 $1,463.31 $261,928.45
114 $261,928.45 $1,662.11 $0.00 $1,480.98 $265,071.54
115 $265,071.54 $1,662.11 $0.00 $1,498.75 $268,232.40
116 $268,232.40 $1,662.11 $0.00 $1,516.62 $271,411.13
117 $271,411.13 $1,662.11 $0.00 $1,534.60 $274,607.84
118 $274,607.84 $1,662.11 $0.00 $1,552.67 $277,822.62
119 $277,822.62 $1,662.11 $0.00 $1,570.85 $281,055.58
120 $281,055.58 $1,662.11 $0.00 $1,589.13 $284,306.82
121 $284,306.82 $1,662.11 $0.00 $1,607.51 $287,576.44
122 $287,576.44 $1,662.11 $0.00 $1,626.00 $290,864.55
123 $290,864.55 $1,662.11 $0.00 $1,644.59 $294,171.25
124 $294,171.25 $1,662.11 $0.00 $1,663.29 $297,496.65
125 $297,496.65 $1,662.11 $0.00 $1,682.09 $300,840.85
126 $300,840.85 $1,662.11 $0.00 $1,701.00 $304,203.96
127 $304,203.96 $1,662.11 $0.00 $1,720.01 $307,586.08
128 $307,586.08 $1,662.11 $0.00 $1,739.14 $310,987.33
129 $310,987.33 $1,662.11 $0.00 $1,758.37 $314,407.81
130 $314,407.81 $1,662.11 $0.00 $1,777.71 $317,847.63
131 $317,847.63 $1,662.11 $0.00 $1,797.16 $321,306.90
132 $321,306.90 $1,662.11 $0.00 $1,816.72 $324,785.73
133 $324,785.73 $1,662.11 $0.00 $1,836.39 $328,284.23
134 $328,284.23 $1,662.11 $0.00 $1,856.17 $331,802.51
135 $331,802.51 $1,662.11 $0.00 $1,876.06 $335,340.68
136 $335,340.68 $1,662.11 $0.00 $1,896.06 $338,898.85
137 $338,898.85 $1,662.11 $0.00 $1,916.18 $342,477.14
138 $342,477.14 $1,662.11 $0.00 $1,936.42 $346,075.67
139 $346,075.67 $1,662.11 $0.00 $1,956.76 $349,694.54
140 $349,694.54 $1,662.11 $0.00 $1,977.22 $353,333.87
141 $353,333.87 $1,662.11 $0.00 $1,997.80 $356,993.78
142 $356,993.78 $1,662.11 $0.00 $2,018.49 $360,674.38
143 $360,674.38 $1,662.11 $0.00 $2,039.31 $364,375.80
144 $364,375.80 $1,662.11 $0.00 $2,060.23 $368,098.14
145 $368,098.14 $1,662.11 $0.00 $2,081.28 $371,841.53
146 $371,841.53 $1,662.11 $0.00 $2,102.45 $375,606.09
147 $375,606.09 $1,662.11 $0.00 $2,123.73 $379,391.93
148 $379,391.93 $1,662.11 $0.00 $2,145.14 $383,199.18
149 $383,199.18 $1,662.11 $0.00 $2,166.66 $387,027.95
150 $387,027.95 $1,662.11 $0.00 $2,188.31 $390,878.37
151 $390,878.37 $1,662.11 $0.00 $2,210.08 $394,750.56
152 $394,750.56 $1,662.11 $0.00 $2,231.98 $398,644.65
153 $398,644.65 $1,662.11 $0.00 $2,253.99 $402,560.75
154 $402,560.75 $1,662.11 $0.00 $2,276.14 $406,499.00
155 $406,499.00 $1,662.11 $0.00 $2,298.40 $410,459.51
156 $410,459.51 $1,662.11 $0.00 $2,320.80 $414,442.42
157 $414,442.42 $1,662.11 $0.00 $2,343.32 $418,447.85
158 $418,447.85 $1,662.11 $0.00 $2,365.96 $422,475.92
159 $422,475.92 $1,662.11 $0.00 $2,388.74 $426,526.77
160 $426,526.77 $1,662.11 $0.00 $2,411.64 $430,600.52
161 $430,600.52 $1,662.11 $0.00 $2,434.68 $434,697.31
162 $434,697.31 $1,662.11 $0.00 $2,457.84 $438,817.26
163 $438,817.26 $1,662.11 $0.00 $2,481.14 $442,960.51
164 $442,960.51 $1,662.11 $0.00 $2,504.56 $447,127.18
165 $447,127.18 $1,662.11 $0.00 $2,528.12 $451,317.41
166 $451,317.41 $1,662.11 $0.00 $2,551.81 $455,531.33
167 $455,531.33 $1,662.11 $0.00 $2,575.64 $459,769.08
168 $459,769.08 $1,662.11 $0.00 $2,599.60 $464,030.79
169 $464,030.79 $1,662.11 $0.00 $2,623.70 $468,316.60
170 $468,316.60 $1,662.11 $0.00 $2,647.93 $472,626.64
171 $472,626.64 $1,662.11 $0.00 $2,672.30 $476,961.05
172 $476,961.05 $1,662.11 $0.00 $2,696.81 $481,319.97
173 $481,319.97 $1,662.11 $0.00 $2,721.45 $485,703.53
174 $485,703.53 $1,662.11 $0.00 $2,746.24 $490,111.88
175 $490,111.88 $1,662.11 $0.00 $2,771.16 $494,545.15
176 $494,545.15 $1,662.11 $0.00 $2,796.23 $499,003.49
177 $499,003.49 $1,662.11 $0.00 $2,821.44 $503,487.04
178 $503,487.04 $1,662.11 $0.00 $2,846.79 $507,995.94
179 $507,995.94 $1,662.11 $0.00 $2,872.28 $512,530.33
180 $512,530.33 $1,662.11 $0.00 $2,897.92 $517,090.36
181 $517,090.36 $1,662.11 $0.00 $2,923.70 $521,676.17
182 $521,676.17 $1,662.11 $0.00 $2,949.63 $526,287.91
183 $526,287.91 $1,662.11 $0.00 $2,975.71 $530,925.73
184 $530,925.73 $1,662.11 $0.00 $3,001.93 $535,589.77
185 $535,589.77 $1,662.11 $0.00 $3,028.30 $540,280.18
186 $540,280.18 $1,662.11 $0.00 $3,054.82 $544,997.11
187 $544,997.11 $1,662.11 $0.00 $3,081.49 $549,740.71
188 $549,740.71 $1,662.11 $0.00 $3,108.31 $554,511.13
189 $554,511.13 $1,662.11 $0.00 $3,135.29 $559,308.53
190 $559,308.53 $1,662.11 $0.00 $3,162.41 $564,133.05
191 $564,133.05 $1,662.11 $0.00 $3,189.69 $568,984.85
192 $568,984.85 $1,662.11 $0.00 $3,217.12 $573,864.08
193 $573,864.08 $1,662.11 $0.00 $3,244.71 $578,770.90
194 $578,770.90 $1,662.11 $0.00 $3,272.45 $583,705.46
195 $583,705.46 $1,662.11 $0.00 $3,300.36 $588,667.93
196 $588,667.93 $1,662.11 $0.00 $3,328.41 $593,658.45
197 $593,658.45 $1,662.11 $0.00 $3,356.63 $598,677.19
198 $598,677.19 $1,662.11 $0.00 $3,385.01 $603,724.31
199 $603,724.31 $1,662.11 $0.00 $3,413.55 $608,799.97
200 $608,799.97 $1,662.11 $0.00 $3,442.24 $613,904.32
201 $613,904.32 $1,662.11 $0.00 $3,471.10 $619,037.53
202 $619,037.53 $1,662.11 $0.00 $3,500.13 $624,199.77
203 $624,199.77 $1,662.11 $0.00 $3,529.32 $629,391.20
204 $629,391.20 $1,662.11 $0.00 $3,558.67 $634,611.98
205 $634,611.98 $1,662.11 $0.00 $3,588.19 $639,862.28
206 $639,862.28 $1,662.11 $0.00 $3,617.87 $645,142.26
207 $645,142.26 $1,662.11 $0.00 $3,647.73 $650,452.10
208 $650,452.10 $1,662.11 $0.00 $3,677.75 $655,791.96
209 $655,791.96 $1,662.11 $0.00 $3,707.94 $661,162.01
210 $661,162.01 $1,662.11 $0.00 $3,738.31 $666,562.43
211 $666,562.43 $1,662.11 $0.00 $3,768.84 $671,993.38
212 $671,993.38 $1,662.11 $0.00 $3,799.55 $677,455.04
213 $677,455.04 $1,662.11 $0.00 $3,830.43 $682,947.58
214 $682,947.58 $1,662.11 $0.00 $3,861.48 $688,471.17
215 $688,471.17 $1,662.11 $0.00 $3,892.72 $694,026.00
216 $694,026.00 $1,662.11 $0.00 $3,924.12 $699,612.23
217 $699,612.23 $1,662.11 $194,863.96 $3,955.71 $510,366.09
218 $510,366.09 $1,662.11 $0.00 $2,885.68 $514,913.88
219 $514,913.88 $1,662.11 $0.00 $2,911.40 $519,487.39
220 $519,487.39 $1,662.11 $0.00 $2,937.26 $524,086.76
221 $524,086.76 $1,662.11 $0.00 $2,963.26 $528,712.13
222 $528,712.13 $1,662.11 $0.00 $2,989.42 $533,363.66
223 $533,363.66 $1,662.11 $0.00 $3,015.72 $538,041.49
224 $538,041.49 $1,662.11 $0.00 $3,042.16 $542,745.76
225 $542,745.76 $1,662.11 $0.00 $3,068.76 $547,476.63
226 $547,476.63 $1,662.11 $0.00 $3,095.51 $552,234.25
227 $552,234.25 $1,662.11 $0.00 $3,122.41 $557,018.77
228 $557,018.77 $1,662.11 $0.00 $3,149.47 $561,830.35
229 $561,830.35 $1,662.11 $204,607.16 $3,176.67 $362,061.97
230 $362,061.97 $1,662.11 $0.00 $2,047.15 $365,771.23
231 $365,771.23 $1,662.11 $0.00 $2,068.12 $369,501.46
232 $369,501.46 $1,662.11 $0.00 $2,089.21 $373,252.78
233 $373,252.78 $1,662.11 $0.00 $2,110.43 $377,025.32
234 $377,025.32 $1,662.11 $0.00 $2,131.76 $380,819.19
235 $380,819.19 $1,662.11 $0.00 $2,153.21 $384,634.51
236 $384,634.51 $1,662.11 $0.00 $2,174.78 $388,471.40
237 $388,471.40 $1,662.11 $0.00 $2,196.47 $392,329.98
238 $392,329.98 $1,662.11 $0.00 $2,218.29 $396,210.38
239 $396,210.38 $1,662.11 $0.00 $2,240.23 $400,112.72
240 $400,112.72 $1,662.11 $0.00 $2,262.30 $404,037.13
241 $404,037.13 $1,662.11 $214,837.52 $2,284.48 $193,146.20
242 $193,146.20 $1,662.11 $0.00 $1,092.08 $195,900.39
243 $195,900.39 $1,662.11 $0.00 $1,107.65 $198,670.15
244 $198,670.15 $1,662.11 $0.00 $1,123.31 $201,455.57
245 $201,455.57 $1,662.11 $0.00 $1,139.06 $204,256.74
246 $204,256.74 $1,662.11 $0.00 $1,154.90 $207,073.75
247 $207,073.75 $1,662.11 $0.00 $1,170.83 $209,906.69
248 $209,906.69 $1,662.11 $0.00 $1,186.84 $212,755.64
249 $212,755.64 $1,662.11 $0.00 $1,202.95 $215,620.70
250 $215,620.70 $1,662.11 $0.00 $1,219.15 $218,501.96
251 $218,501.96 $1,662.11 $0.00 $1,235.44 $221,399.51
252 $221,399.51 $1,662.11 $0.00 $1,251.83 $224,313.45
253 $224,313.45 $0.00 $225,579.39 $1,268.30 $2.36