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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$189,841
Monthly savings required$1,503

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 $759,363.75 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,502.74 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$73,207.00
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 $1,502.74 $0.00 $0.00 $1,502.74
2 $1,502.74 $1,502.74 $0.00 $8.50 $3,013.98
3 $3,013.98 $1,502.74 $0.00 $17.04 $4,533.76
4 $4,533.76 $1,502.74 $0.00 $25.63 $6,062.13
5 $6,062.13 $1,502.74 $0.00 $34.28 $7,599.15
6 $7,599.15 $1,502.74 $0.00 $42.97 $9,144.86
7 $9,144.86 $1,502.74 $0.00 $51.71 $10,699.31
8 $10,699.31 $1,502.74 $0.00 $60.50 $12,262.55
9 $12,262.55 $1,502.74 $0.00 $69.33 $13,834.62
10 $13,834.62 $1,502.74 $0.00 $78.22 $15,415.58
11 $15,415.58 $1,502.74 $0.00 $87.16 $17,005.48
12 $17,005.48 $1,502.74 $0.00 $96.15 $18,604.37
13 $18,604.37 $1,502.74 $0.00 $105.19 $20,212.30
14 $20,212.30 $1,502.74 $0.00 $114.28 $21,829.32
15 $21,829.32 $1,502.74 $0.00 $123.43 $23,455.49
16 $23,455.49 $1,502.74 $0.00 $132.62 $25,090.85
17 $25,090.85 $1,502.74 $0.00 $141.87 $26,735.46
18 $26,735.46 $1,502.74 $0.00 $151.17 $28,389.37
19 $28,389.37 $1,502.74 $0.00 $160.52 $30,052.63
20 $30,052.63 $1,502.74 $0.00 $169.92 $31,725.29
21 $31,725.29 $1,502.74 $0.00 $179.38 $33,407.41
22 $33,407.41 $1,502.74 $0.00 $188.89 $35,099.04
23 $35,099.04 $1,502.74 $0.00 $198.46 $36,800.24
24 $36,800.24 $1,502.74 $0.00 $208.07 $38,511.05
25 $38,511.05 $1,502.74 $0.00 $217.75 $40,231.54
26 $40,231.54 $1,502.74 $0.00 $227.47 $41,961.75
27 $41,961.75 $1,502.74 $0.00 $237.26 $43,701.75
28 $43,701.75 $1,502.74 $0.00 $247.10 $45,451.59
29 $45,451.59 $1,502.74 $0.00 $256.99 $47,211.32
30 $47,211.32 $1,502.74 $0.00 $266.94 $48,981.00
31 $48,981.00 $1,502.74 $0.00 $276.95 $50,760.69
32 $50,760.69 $1,502.74 $0.00 $287.01 $52,550.44
33 $52,550.44 $1,502.74 $0.00 $297.13 $54,350.31
34 $54,350.31 $1,502.74 $0.00 $307.30 $56,160.35
35 $56,160.35 $1,502.74 $0.00 $317.54 $57,980.63
36 $57,980.63 $1,502.74 $0.00 $327.83 $59,811.20
37 $59,811.20 $1,502.74 $0.00 $338.18 $61,652.12
38 $61,652.12 $1,502.74 $0.00 $348.59 $63,503.45
39 $63,503.45 $1,502.74 $0.00 $359.06 $65,365.25
40 $65,365.25 $1,502.74 $0.00 $369.58 $67,237.57
41 $67,237.57 $1,502.74 $0.00 $380.17 $69,120.48
42 $69,120.48 $1,502.74 $0.00 $390.82 $71,014.04
43 $71,014.04 $1,502.74 $0.00 $401.52 $72,918.30
44 $72,918.30 $1,502.74 $0.00 $412.29 $74,833.33
45 $74,833.33 $1,502.74 $0.00 $423.12 $76,759.19
46 $76,759.19 $1,502.74 $0.00 $434.01 $78,695.94
47 $78,695.94 $1,502.74 $0.00 $444.96 $80,643.64
48 $80,643.64 $1,502.74 $0.00 $455.97 $82,602.35
49 $82,602.35 $1,502.74 $0.00 $467.05 $84,572.14
50 $84,572.14 $1,502.74 $0.00 $478.18 $86,553.06
51 $86,553.06 $1,502.74 $0.00 $489.38 $88,545.18
52 $88,545.18 $1,502.74 $0.00 $500.65 $90,548.57
53 $90,548.57 $1,502.74 $0.00 $511.97 $92,563.28
54 $92,563.28 $1,502.74 $0.00 $523.37 $94,589.39
55 $94,589.39 $1,502.74 $0.00 $534.82 $96,626.95
56 $96,626.95 $1,502.74 $0.00 $546.34 $98,676.03
57 $98,676.03 $1,502.74 $0.00 $557.93 $100,736.70
58 $100,736.70 $1,502.74 $0.00 $569.58 $102,809.02
59 $102,809.02 $1,502.74 $0.00 $581.30 $104,893.06
60 $104,893.06 $1,502.74 $0.00 $593.08 $106,988.88
61 $106,988.88 $1,502.74 $0.00 $604.93 $109,096.55
62 $109,096.55 $1,502.74 $0.00 $616.85 $111,216.14
63 $111,216.14 $1,502.74 $0.00 $628.83 $113,347.71
64 $113,347.71 $1,502.74 $0.00 $640.88 $115,491.33
65 $115,491.33 $1,502.74 $0.00 $653.00 $117,647.07
66 $117,647.07 $1,502.74 $0.00 $665.19 $119,815.00
67 $119,815.00 $1,502.74 $0.00 $677.45 $121,995.19
68 $121,995.19 $1,502.74 $0.00 $689.78 $124,187.71
69 $124,187.71 $1,502.74 $0.00 $702.18 $126,392.63
70 $126,392.63 $1,502.74 $0.00 $714.64 $128,610.01
71 $128,610.01 $1,502.74 $0.00 $727.18 $130,839.93
72 $130,839.93 $1,502.74 $0.00 $739.79 $133,082.46
73 $133,082.46 $1,502.74 $0.00 $752.47 $135,337.67
74 $135,337.67 $1,502.74 $0.00 $765.22 $137,605.63
75 $137,605.63 $1,502.74 $0.00 $778.04 $139,886.41
76 $139,886.41 $1,502.74 $0.00 $790.94 $142,180.09
77 $142,180.09 $1,502.74 $0.00 $803.91 $144,486.74
78 $144,486.74 $1,502.74 $0.00 $816.95 $146,806.43
79 $146,806.43 $1,502.74 $0.00 $830.06 $149,139.23
80 $149,139.23 $1,502.74 $0.00 $843.25 $151,485.22
81 $151,485.22 $1,502.74 $0.00 $856.52 $153,844.48
82 $153,844.48 $1,502.74 $0.00 $869.86 $156,217.08
83 $156,217.08 $1,502.74 $0.00 $883.27 $158,603.09
84 $158,603.09 $1,502.74 $0.00 $896.76 $161,002.59
85 $161,002.59 $1,502.74 $0.00 $910.33 $163,415.66
86 $163,415.66 $1,502.74 $0.00 $923.98 $165,842.38
87 $165,842.38 $1,502.74 $0.00 $937.70 $168,282.82
88 $168,282.82 $1,502.74 $0.00 $951.50 $170,737.06
89 $170,737.06 $1,502.74 $0.00 $965.37 $173,205.17
90 $173,205.17 $1,502.74 $0.00 $979.33 $175,687.24
91 $175,687.24 $1,502.74 $0.00 $993.36 $178,183.34
92 $178,183.34 $1,502.74 $0.00 $1,007.47 $180,693.55
93 $180,693.55 $1,502.74 $0.00 $1,021.67 $183,217.96
94 $183,217.96 $1,502.74 $0.00 $1,035.94 $185,756.64
95 $185,756.64 $1,502.74 $0.00 $1,050.30 $188,309.68
96 $188,309.68 $1,502.74 $0.00 $1,064.73 $190,877.15
97 $190,877.15 $1,502.74 $0.00 $1,079.25 $193,459.14
98 $193,459.14 $1,502.74 $0.00 $1,093.85 $196,055.73
99 $196,055.73 $1,502.74 $0.00 $1,108.53 $198,667.00
100 $198,667.00 $1,502.74 $0.00 $1,123.29 $201,293.03
101 $201,293.03 $1,502.74 $0.00 $1,138.14 $203,933.91
102 $203,933.91 $1,502.74 $0.00 $1,153.07 $206,589.72
103 $206,589.72 $1,502.74 $0.00 $1,168.09 $209,260.55
104 $209,260.55 $1,502.74 $0.00 $1,183.19 $211,946.48
105 $211,946.48 $1,502.74 $0.00 $1,198.38 $214,647.60
106 $214,647.60 $1,502.74 $0.00 $1,213.65 $217,363.99
107 $217,363.99 $1,502.74 $0.00 $1,229.01 $220,095.74
108 $220,095.74 $1,502.74 $0.00 $1,244.45 $222,842.93
109 $222,842.93 $1,502.74 $0.00 $1,259.99 $225,605.66
110 $225,605.66 $1,502.74 $0.00 $1,275.61 $228,384.01
111 $228,384.01 $1,502.74 $0.00 $1,291.32 $231,178.07
112 $231,178.07 $1,502.74 $0.00 $1,307.11 $233,987.92
113 $233,987.92 $1,502.74 $0.00 $1,323.00 $236,813.66
114 $236,813.66 $1,502.74 $0.00 $1,338.98 $239,655.38
115 $239,655.38 $1,502.74 $0.00 $1,355.05 $242,513.17
116 $242,513.17 $1,502.74 $0.00 $1,371.20 $245,387.11
117 $245,387.11 $1,502.74 $0.00 $1,387.45 $248,277.30
118 $248,277.30 $1,502.74 $0.00 $1,403.80 $251,183.84
119 $251,183.84 $1,502.74 $0.00 $1,420.23 $254,106.81
120 $254,106.81 $1,502.74 $0.00 $1,436.76 $257,046.31
121 $257,046.31 $1,502.74 $0.00 $1,453.38 $260,002.43
122 $260,002.43 $1,502.74 $0.00 $1,470.09 $262,975.26
123 $262,975.26 $1,502.74 $0.00 $1,486.90 $265,964.90
124 $265,964.90 $1,502.74 $0.00 $1,503.80 $268,971.44
125 $268,971.44 $1,502.74 $0.00 $1,520.80 $271,994.98
126 $271,994.98 $1,502.74 $0.00 $1,537.90 $275,035.62
127 $275,035.62 $1,502.74 $0.00 $1,555.09 $278,093.45
128 $278,093.45 $1,502.74 $0.00 $1,572.38 $281,168.57
129 $281,168.57 $1,502.74 $0.00 $1,589.77 $284,261.08
130 $284,261.08 $1,502.74 $0.00 $1,607.25 $287,371.07
131 $287,371.07 $1,502.74 $0.00 $1,624.84 $290,498.65
132 $290,498.65 $1,502.74 $0.00 $1,642.52 $293,643.91
133 $293,643.91 $1,502.74 $0.00 $1,660.31 $296,806.96
134 $296,806.96 $1,502.74 $0.00 $1,678.19 $299,987.89
135 $299,987.89 $1,502.74 $0.00 $1,696.18 $303,186.81
136 $303,186.81 $1,502.74 $0.00 $1,714.26 $306,403.81
137 $306,403.81 $1,502.74 $0.00 $1,732.45 $309,639.00
138 $309,639.00 $1,502.74 $0.00 $1,750.74 $312,892.48
139 $312,892.48 $1,502.74 $0.00 $1,769.14 $316,164.36
140 $316,164.36 $1,502.74 $0.00 $1,787.64 $319,454.74
141 $319,454.74 $1,502.74 $0.00 $1,806.24 $322,763.72
142 $322,763.72 $1,502.74 $0.00 $1,824.95 $326,091.41
143 $326,091.41 $1,502.74 $0.00 $1,843.77 $329,437.92
144 $329,437.92 $1,502.74 $0.00 $1,862.69 $332,803.35
145 $332,803.35 $1,502.74 $0.00 $1,881.72 $336,187.81
146 $336,187.81 $1,502.74 $0.00 $1,900.85 $339,591.40
147 $339,591.40 $1,502.74 $0.00 $1,920.10 $343,014.24
148 $343,014.24 $1,502.74 $0.00 $1,939.45 $346,456.43
149 $346,456.43 $1,502.74 $0.00 $1,958.92 $349,918.09
150 $349,918.09 $1,502.74 $0.00 $1,978.49 $353,399.32
151 $353,399.32 $1,502.74 $0.00 $1,998.17 $356,900.23
152 $356,900.23 $1,502.74 $0.00 $2,017.97 $360,420.94
153 $360,420.94 $1,502.74 $0.00 $2,037.87 $363,961.55
154 $363,961.55 $1,502.74 $0.00 $2,057.89 $367,522.18
155 $367,522.18 $1,502.74 $0.00 $2,078.02 $371,102.94
156 $371,102.94 $1,502.74 $0.00 $2,098.27 $374,703.95
157 $374,703.95 $1,502.74 $0.00 $2,118.63 $378,325.32
158 $378,325.32 $1,502.74 $0.00 $2,139.11 $381,967.17
159 $381,967.17 $1,502.74 $0.00 $2,159.70 $385,629.61
160 $385,629.61 $1,502.74 $0.00 $2,180.41 $389,312.76
161 $389,312.76 $1,502.74 $0.00 $2,201.23 $393,016.73
162 $393,016.73 $1,502.74 $0.00 $2,222.17 $396,741.64
163 $396,741.64 $1,502.74 $0.00 $2,243.23 $400,487.61
164 $400,487.61 $1,502.74 $0.00 $2,264.42 $404,254.77
165 $404,254.77 $1,502.74 $0.00 $2,285.72 $408,043.23
166 $408,043.23 $1,502.74 $0.00 $2,307.14 $411,853.11
167 $411,853.11 $1,502.74 $0.00 $2,328.68 $415,684.53
168 $415,684.53 $1,502.74 $0.00 $2,350.34 $419,537.61
169 $419,537.61 $1,502.74 $0.00 $2,372.13 $423,412.48
170 $423,412.48 $1,502.74 $0.00 $2,394.04 $427,309.26
171 $427,309.26 $1,502.74 $0.00 $2,416.07 $431,228.07
172 $431,228.07 $1,502.74 $0.00 $2,438.23 $435,169.04
173 $435,169.04 $1,502.74 $0.00 $2,460.51 $439,132.29
174 $439,132.29 $1,502.74 $0.00 $2,482.92 $443,117.95
175 $443,117.95 $1,502.74 $0.00 $2,505.45 $447,126.14
176 $447,126.14 $1,502.74 $0.00 $2,528.12 $451,157.00
177 $451,157.00 $1,502.74 $0.00 $2,550.91 $455,210.65
178 $455,210.65 $1,502.74 $0.00 $2,573.83 $459,287.22
179 $459,287.22 $1,502.74 $0.00 $2,596.88 $463,386.84
180 $463,386.84 $1,502.74 $0.00 $2,620.06 $467,509.64
181 $467,509.64 $1,502.74 $0.00 $2,643.37 $471,655.75
182 $471,655.75 $1,502.74 $0.00 $2,666.81 $475,825.30
183 $475,825.30 $1,502.74 $0.00 $2,690.39 $480,018.43
184 $480,018.43 $1,502.74 $0.00 $2,714.09 $484,235.26
185 $484,235.26 $1,502.74 $0.00 $2,737.94 $488,475.94
186 $488,475.94 $1,502.74 $0.00 $2,761.91 $492,740.59
187 $492,740.59 $1,502.74 $0.00 $2,786.03 $497,029.36
188 $497,029.36 $1,502.74 $0.00 $2,810.28 $501,342.38
189 $501,342.38 $1,502.74 $0.00 $2,834.66 $505,679.78
190 $505,679.78 $1,502.74 $0.00 $2,859.19 $510,041.71
191 $510,041.71 $1,502.74 $0.00 $2,883.85 $514,428.30
192 $514,428.30 $1,502.74 $0.00 $2,908.65 $518,839.69
193 $518,839.69 $1,502.74 $0.00 $2,933.60 $523,276.03
194 $523,276.03 $1,502.74 $0.00 $2,958.68 $527,737.45
195 $527,737.45 $1,502.74 $0.00 $2,983.90 $532,224.09
196 $532,224.09 $1,502.74 $0.00 $3,009.27 $536,736.10
197 $536,736.10 $1,502.74 $0.00 $3,034.78 $541,273.62
198 $541,273.62 $1,502.74 $0.00 $3,060.44 $545,836.80
199 $545,836.80 $1,502.74 $0.00 $3,086.24 $550,425.78
200 $550,425.78 $1,502.74 $0.00 $3,112.19 $555,040.71
201 $555,040.71 $1,502.74 $0.00 $3,138.28 $559,681.73
202 $559,681.73 $1,502.74 $0.00 $3,164.52 $564,348.99
203 $564,348.99 $1,502.74 $0.00 $3,190.91 $569,042.64
204 $569,042.64 $1,502.74 $0.00 $3,217.45 $573,762.83
205 $573,762.83 $1,502.74 $0.00 $3,244.14 $578,509.71
206 $578,509.71 $1,502.74 $0.00 $3,270.98 $583,283.43
207 $583,283.43 $1,502.74 $0.00 $3,297.97 $588,084.14
208 $588,084.14 $1,502.74 $0.00 $3,325.11 $592,911.99
209 $592,911.99 $1,502.74 $0.00 $3,352.41 $597,767.14
210 $597,767.14 $1,502.74 $0.00 $3,379.86 $602,649.74
211 $602,649.74 $1,502.74 $0.00 $3,407.47 $607,559.95
212 $607,559.95 $1,502.74 $0.00 $3,435.23 $612,497.92
213 $612,497.92 $1,502.74 $0.00 $3,463.15 $617,463.81
214 $617,463.81 $1,502.74 $0.00 $3,491.23 $622,457.78
215 $622,457.78 $1,502.74 $0.00 $3,519.47 $627,479.99
216 $627,479.99 $1,502.74 $0.00 $3,547.86 $632,530.59
217 $632,530.59 $1,502.74 $176,181.37 $3,576.42 $461,428.38
218 $461,428.38 $1,502.74 $0.00 $2,608.98 $465,540.10
219 $465,540.10 $1,502.74 $0.00 $2,632.23 $469,675.07
220 $469,675.07 $1,502.74 $0.00 $2,655.61 $473,833.42
221 $473,833.42 $1,502.74 $0.00 $2,679.12 $478,015.28
222 $478,015.28 $1,502.74 $0.00 $2,702.77 $482,220.79
223 $482,220.79 $1,502.74 $0.00 $2,726.55 $486,450.08
224 $486,450.08 $1,502.74 $0.00 $2,750.46 $490,703.28
225 $490,703.28 $1,502.74 $0.00 $2,774.51 $494,980.53
226 $494,980.53 $1,502.74 $0.00 $2,798.69 $499,281.96
227 $499,281.96 $1,502.74 $0.00 $2,823.01 $503,607.71
228 $503,607.71 $1,502.74 $0.00 $2,847.47 $507,957.92
229 $507,957.92 $1,502.74 $184,990.44 $2,872.07 $327,342.29
230 $327,342.29 $1,502.74 $0.00 $1,850.84 $330,695.87
231 $330,695.87 $1,502.74 $0.00 $1,869.80 $334,068.41
232 $334,068.41 $1,502.74 $0.00 $1,888.87 $337,460.02
233 $337,460.02 $1,502.74 $0.00 $1,908.05 $340,870.81
234 $340,870.81 $1,502.74 $0.00 $1,927.33 $344,300.88
235 $344,300.88 $1,502.74 $0.00 $1,946.73 $347,750.35
236 $347,750.35 $1,502.74 $0.00 $1,966.23 $351,219.32
237 $351,219.32 $1,502.74 $0.00 $1,985.85 $354,707.91
238 $354,707.91 $1,502.74 $0.00 $2,005.57 $358,216.22
239 $358,216.22 $1,502.74 $0.00 $2,025.41 $361,744.37
240 $361,744.37 $1,502.74 $0.00 $2,045.36 $365,292.47
241 $365,292.47 $1,502.74 $194,239.97 $2,065.42 $174,620.66
242 $174,620.66 $1,502.74 $0.00 $987.33 $177,110.73
243 $177,110.73 $1,502.74 $0.00 $1,001.41 $179,614.88
244 $179,614.88 $1,502.74 $0.00 $1,015.57 $182,133.19
245 $182,133.19 $1,502.74 $0.00 $1,029.81 $184,665.74
246 $184,665.74 $1,502.74 $0.00 $1,044.13 $187,212.61
247 $187,212.61 $1,502.74 $0.00 $1,058.53 $189,773.88
248 $189,773.88 $1,502.74 $0.00 $1,073.01 $192,349.63
249 $192,349.63 $1,502.74 $0.00 $1,087.57 $194,939.94
250 $194,939.94 $1,502.74 $0.00 $1,102.22 $197,544.90
251 $197,544.90 $1,502.74 $0.00 $1,116.95 $200,164.59
252 $200,164.59 $1,502.74 $0.00 $1,131.76 $202,799.09
253 $202,799.09 $0.00 $203,951.96 $1,146.66 ($6.21)