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 2040$202,530
Monthly savings required$1,603

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 $810,118.00 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,603.20 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$78,100.00
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 $1,603.20 $0.00 $0.00 $1,603.20
2 $1,603.20 $1,603.20 $0.00 $9.06 $3,215.46
3 $3,215.46 $1,603.20 $0.00 $18.18 $4,836.84
4 $4,836.84 $1,603.20 $0.00 $27.35 $6,467.39
5 $6,467.39 $1,603.20 $0.00 $36.57 $8,107.16
6 $8,107.16 $1,603.20 $0.00 $45.84 $9,756.20
7 $9,756.20 $1,603.20 $0.00 $55.16 $11,414.56
8 $11,414.56 $1,603.20 $0.00 $64.54 $13,082.30
9 $13,082.30 $1,603.20 $0.00 $73.97 $14,759.47
10 $14,759.47 $1,603.20 $0.00 $83.45 $16,446.12
11 $16,446.12 $1,603.20 $0.00 $92.99 $18,142.31
12 $18,142.31 $1,603.20 $0.00 $102.58 $19,848.09
13 $19,848.09 $1,603.20 $0.00 $112.22 $21,563.51
14 $21,563.51 $1,603.20 $0.00 $121.92 $23,288.63
15 $23,288.63 $1,603.20 $0.00 $131.68 $25,023.51
16 $25,023.51 $1,603.20 $0.00 $141.49 $26,768.20
17 $26,768.20 $1,603.20 $0.00 $151.35 $28,522.75
18 $28,522.75 $1,603.20 $0.00 $161.27 $30,287.22
19 $30,287.22 $1,603.20 $0.00 $171.25 $32,061.67
20 $32,061.67 $1,603.20 $0.00 $181.28 $33,846.15
21 $33,846.15 $1,603.20 $0.00 $191.37 $35,640.72
22 $35,640.72 $1,603.20 $0.00 $201.52 $37,445.44
23 $37,445.44 $1,603.20 $0.00 $211.72 $39,260.36
24 $39,260.36 $1,603.20 $0.00 $221.98 $41,085.54
25 $41,085.54 $1,603.20 $0.00 $232.30 $42,921.04
26 $42,921.04 $1,603.20 $0.00 $242.68 $44,766.92
27 $44,766.92 $1,603.20 $0.00 $253.12 $46,623.24
28 $46,623.24 $1,603.20 $0.00 $263.61 $48,490.05
29 $48,490.05 $1,603.20 $0.00 $274.17 $50,367.42
30 $50,367.42 $1,603.20 $0.00 $284.78 $52,255.40
31 $52,255.40 $1,603.20 $0.00 $295.46 $54,154.06
32 $54,154.06 $1,603.20 $0.00 $306.19 $56,063.45
33 $56,063.45 $1,603.20 $0.00 $316.99 $57,983.64
34 $57,983.64 $1,603.20 $0.00 $327.85 $59,914.69
35 $59,914.69 $1,603.20 $0.00 $338.77 $61,856.66
36 $61,856.66 $1,603.20 $0.00 $349.75 $63,809.61
37 $63,809.61 $1,603.20 $0.00 $360.79 $65,773.60
38 $65,773.60 $1,603.20 $0.00 $371.89 $67,748.69
39 $67,748.69 $1,603.20 $0.00 $383.06 $69,734.95
40 $69,734.95 $1,603.20 $0.00 $394.29 $71,732.44
41 $71,732.44 $1,603.20 $0.00 $405.59 $73,741.23
42 $73,741.23 $1,603.20 $0.00 $416.94 $75,761.37
43 $75,761.37 $1,603.20 $0.00 $428.37 $77,792.94
44 $77,792.94 $1,603.20 $0.00 $439.85 $79,835.99
45 $79,835.99 $1,603.20 $0.00 $451.40 $81,890.59
46 $81,890.59 $1,603.20 $0.00 $463.02 $83,956.81
47 $83,956.81 $1,603.20 $0.00 $474.70 $86,034.71
48 $86,034.71 $1,603.20 $0.00 $486.45 $88,124.36
49 $88,124.36 $1,603.20 $0.00 $498.27 $90,225.83
50 $90,225.83 $1,603.20 $0.00 $510.15 $92,339.18
51 $92,339.18 $1,603.20 $0.00 $522.10 $94,464.48
52 $94,464.48 $1,603.20 $0.00 $534.12 $96,601.80
53 $96,601.80 $1,603.20 $0.00 $546.20 $98,751.20
54 $98,751.20 $1,603.20 $0.00 $558.35 $100,912.75
55 $100,912.75 $1,603.20 $0.00 $570.58 $103,086.53
56 $103,086.53 $1,603.20 $0.00 $582.87 $105,272.60
57 $105,272.60 $1,603.20 $0.00 $595.23 $107,471.03
58 $107,471.03 $1,603.20 $0.00 $607.66 $109,681.89
59 $109,681.89 $1,603.20 $0.00 $620.16 $111,905.25
60 $111,905.25 $1,603.20 $0.00 $632.73 $114,141.18
61 $114,141.18 $1,603.20 $0.00 $645.37 $116,389.75
62 $116,389.75 $1,603.20 $0.00 $658.08 $118,651.03
63 $118,651.03 $1,603.20 $0.00 $670.87 $120,925.10
64 $120,925.10 $1,603.20 $0.00 $683.73 $123,212.03
65 $123,212.03 $1,603.20 $0.00 $696.66 $125,511.89
66 $125,511.89 $1,603.20 $0.00 $709.66 $127,824.75
67 $127,824.75 $1,603.20 $0.00 $722.74 $130,150.69
68 $130,150.69 $1,603.20 $0.00 $735.89 $132,489.78
69 $132,489.78 $1,603.20 $0.00 $749.12 $134,842.10
70 $134,842.10 $1,603.20 $0.00 $762.42 $137,207.72
71 $137,207.72 $1,603.20 $0.00 $775.79 $139,586.71
72 $139,586.71 $1,603.20 $0.00 $789.24 $141,979.15
73 $141,979.15 $1,603.20 $0.00 $802.77 $144,385.12
74 $144,385.12 $1,603.20 $0.00 $816.37 $146,804.69
75 $146,804.69 $1,603.20 $0.00 $830.06 $149,237.95
76 $149,237.95 $1,603.20 $0.00 $843.81 $151,684.96
77 $151,684.96 $1,603.20 $0.00 $857.65 $154,145.81
78 $154,145.81 $1,603.20 $0.00 $871.56 $156,620.57
79 $156,620.57 $1,603.20 $0.00 $885.56 $159,109.33
80 $159,109.33 $1,603.20 $0.00 $899.63 $161,612.16
81 $161,612.16 $1,603.20 $0.00 $913.78 $164,129.14
82 $164,129.14 $1,603.20 $0.00 $928.01 $166,660.35
83 $166,660.35 $1,603.20 $0.00 $942.32 $169,205.87
84 $169,205.87 $1,603.20 $0.00 $956.71 $171,765.78
85 $171,765.78 $1,603.20 $0.00 $971.19 $174,340.17
86 $174,340.17 $1,603.20 $0.00 $985.74 $176,929.11
87 $176,929.11 $1,603.20 $0.00 $1,000.38 $179,532.69
88 $179,532.69 $1,603.20 $0.00 $1,015.10 $182,150.99
89 $182,150.99 $1,603.20 $0.00 $1,029.91 $184,784.10
90 $184,784.10 $1,603.20 $0.00 $1,044.80 $187,432.10
91 $187,432.10 $1,603.20 $0.00 $1,059.77 $190,095.07
92 $190,095.07 $1,603.20 $0.00 $1,074.83 $192,773.10
93 $192,773.10 $1,603.20 $0.00 $1,089.97 $195,466.27
94 $195,466.27 $1,603.20 $0.00 $1,105.19 $198,174.66
95 $198,174.66 $1,603.20 $0.00 $1,120.51 $200,898.37
96 $200,898.37 $1,603.20 $0.00 $1,135.91 $203,637.48
97 $203,637.48 $1,603.20 $0.00 $1,151.40 $206,392.08
98 $206,392.08 $1,603.20 $0.00 $1,166.97 $209,162.25
99 $209,162.25 $1,603.20 $0.00 $1,182.63 $211,948.08
100 $211,948.08 $1,603.20 $0.00 $1,198.39 $214,749.67
101 $214,749.67 $1,603.20 $0.00 $1,214.23 $217,567.10
102 $217,567.10 $1,603.20 $0.00 $1,230.16 $220,400.46
103 $220,400.46 $1,603.20 $0.00 $1,246.18 $223,249.84
104 $223,249.84 $1,603.20 $0.00 $1,262.29 $226,115.33
105 $226,115.33 $1,603.20 $0.00 $1,278.49 $228,997.02
106 $228,997.02 $1,603.20 $0.00 $1,294.78 $231,895.00
107 $231,895.00 $1,603.20 $0.00 $1,311.17 $234,809.37
108 $234,809.37 $1,603.20 $0.00 $1,327.65 $237,740.22
109 $237,740.22 $1,603.20 $0.00 $1,344.22 $240,687.64
110 $240,687.64 $1,603.20 $0.00 $1,360.88 $243,651.72
111 $243,651.72 $1,603.20 $0.00 $1,377.64 $246,632.56
112 $246,632.56 $1,603.20 $0.00 $1,394.50 $249,630.26
113 $249,630.26 $1,603.20 $0.00 $1,411.45 $252,644.91
114 $252,644.91 $1,603.20 $0.00 $1,428.49 $255,676.60
115 $255,676.60 $1,603.20 $0.00 $1,445.63 $258,725.43
116 $258,725.43 $1,603.20 $0.00 $1,462.87 $261,791.50
117 $261,791.50 $1,603.20 $0.00 $1,480.21 $264,874.91
118 $264,874.91 $1,603.20 $0.00 $1,497.64 $267,975.75
119 $267,975.75 $1,603.20 $0.00 $1,515.17 $271,094.12
120 $271,094.12 $1,603.20 $0.00 $1,532.81 $274,230.13
121 $274,230.13 $1,603.20 $0.00 $1,550.54 $277,383.87
122 $277,383.87 $1,603.20 $0.00 $1,568.37 $280,555.44
123 $280,555.44 $1,603.20 $0.00 $1,586.30 $283,744.94
124 $283,744.94 $1,603.20 $0.00 $1,604.34 $286,952.48
125 $286,952.48 $1,603.20 $0.00 $1,622.47 $290,178.15
126 $290,178.15 $1,603.20 $0.00 $1,640.71 $293,422.06
127 $293,422.06 $1,603.20 $0.00 $1,659.05 $296,684.31
128 $296,684.31 $1,603.20 $0.00 $1,677.50 $299,965.01
129 $299,965.01 $1,603.20 $0.00 $1,696.05 $303,264.26
130 $303,264.26 $1,603.20 $0.00 $1,714.70 $306,582.16
131 $306,582.16 $1,603.20 $0.00 $1,733.46 $309,918.82
132 $309,918.82 $1,603.20 $0.00 $1,752.33 $313,274.35
133 $313,274.35 $1,603.20 $0.00 $1,771.30 $316,648.85
134 $316,648.85 $1,603.20 $0.00 $1,790.38 $320,042.43
135 $320,042.43 $1,603.20 $0.00 $1,809.57 $323,455.20
136 $323,455.20 $1,603.20 $0.00 $1,828.86 $326,887.26
137 $326,887.26 $1,603.20 $0.00 $1,848.27 $330,338.73
138 $330,338.73 $1,603.20 $0.00 $1,867.78 $333,809.71
139 $333,809.71 $1,603.20 $0.00 $1,887.41 $337,300.32
140 $337,300.32 $1,603.20 $0.00 $1,907.15 $340,810.67
141 $340,810.67 $1,603.20 $0.00 $1,926.99 $344,340.86
142 $344,340.86 $1,603.20 $0.00 $1,946.95 $347,891.01
143 $347,891.01 $1,603.20 $0.00 $1,967.03 $351,461.24
144 $351,461.24 $1,603.20 $0.00 $1,987.21 $355,051.65
145 $355,051.65 $1,603.20 $0.00 $2,007.51 $358,662.36
146 $358,662.36 $1,603.20 $0.00 $2,027.93 $362,293.49
147 $362,293.49 $1,603.20 $0.00 $2,048.46 $365,945.15
148 $365,945.15 $1,603.20 $0.00 $2,069.11 $369,617.46
149 $369,617.46 $1,603.20 $0.00 $2,089.87 $373,310.53
150 $373,310.53 $1,603.20 $0.00 $2,110.75 $377,024.48
151 $377,024.48 $1,603.20 $0.00 $2,131.75 $380,759.43
152 $380,759.43 $1,603.20 $0.00 $2,152.87 $384,515.50
153 $384,515.50 $1,603.20 $0.00 $2,174.11 $388,292.81
154 $388,292.81 $1,603.20 $0.00 $2,195.46 $392,091.47
155 $392,091.47 $1,603.20 $0.00 $2,216.94 $395,911.61
156 $395,911.61 $1,603.20 $0.00 $2,238.54 $399,753.35
157 $399,753.35 $1,603.20 $0.00 $2,260.26 $403,616.81
158 $403,616.81 $1,603.20 $0.00 $2,282.11 $407,502.12
159 $407,502.12 $1,603.20 $0.00 $2,304.08 $411,409.40
160 $411,409.40 $1,603.20 $0.00 $2,326.17 $415,338.77
161 $415,338.77 $1,603.20 $0.00 $2,348.39 $419,290.36
162 $419,290.36 $1,603.20 $0.00 $2,370.73 $423,264.29
163 $423,264.29 $1,603.20 $0.00 $2,393.20 $427,260.69
164 $427,260.69 $1,603.20 $0.00 $2,415.79 $431,279.68
165 $431,279.68 $1,603.20 $0.00 $2,438.52 $435,321.40
166 $435,321.40 $1,603.20 $0.00 $2,461.37 $439,385.97
167 $439,385.97 $1,603.20 $0.00 $2,484.35 $443,473.52
168 $443,473.52 $1,603.20 $0.00 $2,507.46 $447,584.18
169 $447,584.18 $1,603.20 $0.00 $2,530.71 $451,718.09
170 $451,718.09 $1,603.20 $0.00 $2,554.08 $455,875.37
171 $455,875.37 $1,603.20 $0.00 $2,577.59 $460,056.16
172 $460,056.16 $1,603.20 $0.00 $2,601.22 $464,260.58
173 $464,260.58 $1,603.20 $0.00 $2,625.00 $468,488.78
174 $468,488.78 $1,603.20 $0.00 $2,648.90 $472,740.88
175 $472,740.88 $1,603.20 $0.00 $2,672.95 $477,017.03
176 $477,017.03 $1,603.20 $0.00 $2,697.12 $481,317.35
177 $481,317.35 $1,603.20 $0.00 $2,721.44 $485,641.99
178 $485,641.99 $1,603.20 $0.00 $2,745.89 $489,991.08
179 $489,991.08 $1,603.20 $0.00 $2,770.48 $494,364.76
180 $494,364.76 $1,603.20 $0.00 $2,795.21 $498,763.17
181 $498,763.17 $1,603.20 $0.00 $2,820.08 $503,186.45
182 $503,186.45 $1,603.20 $0.00 $2,845.09 $507,634.74
183 $507,634.74 $1,603.20 $0.00 $2,870.24 $512,108.18
184 $512,108.18 $1,603.20 $0.00 $2,895.53 $516,606.91
185 $516,606.91 $1,603.20 $0.00 $2,920.97 $521,131.08
186 $521,131.08 $1,603.20 $0.00 $2,946.55 $525,680.83
187 $525,680.83 $1,603.20 $0.00 $2,972.28 $530,256.31
188 $530,256.31 $1,603.20 $0.00 $2,998.15 $534,857.66
189 $534,857.66 $1,603.20 $0.00 $3,024.16 $539,485.02
190 $539,485.02 $1,603.20 $0.00 $3,050.33 $544,138.55
191 $544,138.55 $1,603.20 $0.00 $3,076.64 $548,818.39
192 $548,818.39 $1,603.20 $0.00 $3,103.10 $553,524.69
193 $553,524.69 $1,603.20 $0.00 $3,129.71 $558,257.60
194 $558,257.60 $1,603.20 $0.00 $3,156.47 $563,017.27
195 $563,017.27 $1,603.20 $0.00 $3,183.38 $567,803.85
196 $567,803.85 $1,603.20 $0.00 $3,210.45 $572,617.50
197 $572,617.50 $1,603.20 $0.00 $3,237.66 $577,458.36
198 $577,458.36 $1,603.20 $0.00 $3,265.03 $582,326.59
199 $582,326.59 $1,603.20 $0.00 $3,292.56 $587,222.35
200 $587,222.35 $1,603.20 $0.00 $3,320.24 $592,145.79
201 $592,145.79 $1,603.20 $0.00 $3,348.08 $597,097.07
202 $597,097.07 $1,603.20 $0.00 $3,376.07 $602,076.34
203 $602,076.34 $1,603.20 $0.00 $3,404.23 $607,083.77
204 $607,083.77 $1,603.20 $0.00 $3,432.54 $612,119.51
205 $612,119.51 $1,603.20 $0.00 $3,461.01 $617,183.72
206 $617,183.72 $1,603.20 $0.00 $3,489.65 $622,276.57
207 $622,276.57 $1,603.20 $0.00 $3,518.44 $627,398.21
208 $627,398.21 $1,603.20 $0.00 $3,547.40 $632,548.81
209 $632,548.81 $1,603.20 $0.00 $3,576.52 $637,728.53
210 $637,728.53 $1,603.20 $0.00 $3,605.81 $642,937.54
211 $642,937.54 $1,603.20 $0.00 $3,635.26 $648,176.00
212 $648,176.00 $1,603.20 $0.00 $3,664.88 $653,444.08
213 $653,444.08 $1,603.20 $0.00 $3,694.67 $658,741.95
214 $658,741.95 $1,603.20 $0.00 $3,724.62 $664,069.77
215 $664,069.77 $1,603.20 $0.00 $3,754.75 $669,427.72
216 $669,427.72 $1,603.20 $0.00 $3,785.04 $674,815.96
217 $674,815.96 $1,603.20 $187,956.96 $3,815.51 $492,277.71
218 $492,277.71 $1,603.20 $0.00 $2,783.41 $496,664.32
219 $496,664.32 $1,603.20 $0.00 $2,808.21 $501,075.73
220 $501,075.73 $1,603.20 $0.00 $2,833.16 $505,512.09
221 $505,512.09 $1,603.20 $0.00 $2,858.24 $509,973.53
222 $509,973.53 $1,603.20 $0.00 $2,883.46 $514,460.19
223 $514,460.19 $1,603.20 $0.00 $2,908.83 $518,972.22
224 $518,972.22 $1,603.20 $0.00 $2,934.34 $523,509.76
225 $523,509.76 $1,603.20 $0.00 $2,960.00 $528,072.96
226 $528,072.96 $1,603.20 $0.00 $2,985.80 $532,661.96
227 $532,661.96 $1,603.20 $0.00 $3,011.75 $537,276.91
228 $537,276.91 $1,603.20 $0.00 $3,037.84 $541,917.95
229 $541,917.95 $1,603.20 $197,354.81 $3,064.08 $349,230.42
230 $349,230.42 $1,603.20 $0.00 $1,974.60 $352,808.22
231 $352,808.22 $1,603.20 $0.00 $1,994.83 $356,406.25
232 $356,406.25 $1,603.20 $0.00 $2,015.17 $360,024.62
233 $360,024.62 $1,603.20 $0.00 $2,035.63 $363,663.45
234 $363,663.45 $1,603.20 $0.00 $2,056.21 $367,322.86
235 $367,322.86 $1,603.20 $0.00 $2,076.90 $371,002.96
236 $371,002.96 $1,603.20 $0.00 $2,097.70 $374,703.86
237 $374,703.86 $1,603.20 $0.00 $2,118.63 $378,425.69
238 $378,425.69 $1,603.20 $0.00 $2,139.67 $382,168.56
239 $382,168.56 $1,603.20 $0.00 $2,160.84 $385,932.60
240 $385,932.60 $1,603.20 $0.00 $2,182.12 $389,717.92
241 $389,717.92 $1,603.20 $207,222.55 $2,203.52 $186,302.09
242 $186,302.09 $1,603.20 $0.00 $1,053.38 $188,958.67
243 $188,958.67 $1,603.20 $0.00 $1,068.40 $191,630.27
244 $191,630.27 $1,603.20 $0.00 $1,083.51 $194,316.98
245 $194,316.98 $1,603.20 $0.00 $1,098.70 $197,018.88
246 $197,018.88 $1,603.20 $0.00 $1,113.97 $199,736.05
247 $199,736.05 $1,603.20 $0.00 $1,129.34 $202,468.59
248 $202,468.59 $1,603.20 $0.00 $1,144.79 $205,216.58
249 $205,216.58 $1,603.20 $0.00 $1,160.32 $207,980.10
250 $207,980.10 $1,603.20 $0.00 $1,175.95 $210,759.25
251 $210,759.25 $1,603.20 $0.00 $1,191.66 $213,554.11
252 $213,554.11 $1,603.20 $0.00 $1,207.47 $216,364.78
253 $216,364.78 $0.00 $217,583.68 $1,223.36 $4.46