Savings Plan and Future Cost Estimation for Clarks Summit University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$148,942
Monthly savings required$1,177

How much will it cost to send your child to Clarks Summit University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $595,766.25 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,177.11 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$39,700.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,177.11 $0.00 $0.00 $1,177.11
2 $1,177.11 $1,177.11 $0.00 $6.66 $2,360.88
3 $2,360.88 $1,177.11 $0.00 $13.35 $3,551.34
4 $3,551.34 $1,177.11 $0.00 $20.08 $4,748.53
5 $4,748.53 $1,177.11 $0.00 $26.85 $5,952.49
6 $5,952.49 $1,177.11 $0.00 $33.66 $7,163.26
7 $7,163.26 $1,177.11 $0.00 $40.50 $8,380.87
8 $8,380.87 $1,177.11 $0.00 $47.39 $9,605.37
9 $9,605.37 $1,177.11 $0.00 $54.31 $10,836.79
10 $10,836.79 $1,177.11 $0.00 $61.27 $12,075.17
11 $12,075.17 $1,177.11 $0.00 $68.27 $13,320.55
12 $13,320.55 $1,177.11 $0.00 $75.32 $14,572.98
13 $14,572.98 $1,177.11 $0.00 $82.40 $15,832.49
14 $15,832.49 $1,177.11 $0.00 $89.52 $17,099.12
15 $17,099.12 $1,177.11 $0.00 $96.68 $18,372.91
16 $18,372.91 $1,177.11 $0.00 $103.88 $19,653.90
17 $19,653.90 $1,177.11 $0.00 $111.13 $20,942.14
18 $20,942.14 $1,177.11 $0.00 $118.41 $22,237.66
19 $22,237.66 $1,177.11 $0.00 $125.73 $23,540.50
20 $23,540.50 $1,177.11 $0.00 $133.10 $24,850.71
21 $24,850.71 $1,177.11 $0.00 $140.51 $26,168.33
22 $26,168.33 $1,177.11 $0.00 $147.96 $27,493.40
23 $27,493.40 $1,177.11 $0.00 $155.45 $28,825.96
24 $28,825.96 $1,177.11 $0.00 $162.99 $30,166.06
25 $30,166.06 $1,177.11 $0.00 $170.56 $31,513.73
26 $31,513.73 $1,177.11 $0.00 $178.18 $32,869.02
27 $32,869.02 $1,177.11 $0.00 $185.85 $34,231.98
28 $34,231.98 $1,177.11 $0.00 $193.55 $35,602.64
29 $35,602.64 $1,177.11 $0.00 $201.30 $36,981.05
30 $36,981.05 $1,177.11 $0.00 $209.10 $38,367.26
31 $38,367.26 $1,177.11 $0.00 $216.93 $39,761.30
32 $39,761.30 $1,177.11 $0.00 $224.82 $41,163.23
33 $41,163.23 $1,177.11 $0.00 $232.74 $42,573.08
34 $42,573.08 $1,177.11 $0.00 $240.71 $43,990.90
35 $43,990.90 $1,177.11 $0.00 $248.73 $45,416.74
36 $45,416.74 $1,177.11 $0.00 $256.79 $46,850.64
37 $46,850.64 $1,177.11 $0.00 $264.90 $48,292.65
38 $48,292.65 $1,177.11 $0.00 $273.05 $49,742.81
39 $49,742.81 $1,177.11 $0.00 $281.25 $51,201.17
40 $51,201.17 $1,177.11 $0.00 $289.50 $52,667.78
41 $52,667.78 $1,177.11 $0.00 $297.79 $54,142.68
42 $54,142.68 $1,177.11 $0.00 $306.13 $55,625.92
43 $55,625.92 $1,177.11 $0.00 $314.52 $57,117.55
44 $57,117.55 $1,177.11 $0.00 $322.95 $58,617.61
45 $58,617.61 $1,177.11 $0.00 $331.43 $60,126.15
46 $60,126.15 $1,177.11 $0.00 $339.96 $61,643.22
47 $61,643.22 $1,177.11 $0.00 $348.54 $63,168.87
48 $63,168.87 $1,177.11 $0.00 $357.17 $64,703.15
49 $64,703.15 $1,177.11 $0.00 $365.84 $66,246.10
50 $66,246.10 $1,177.11 $0.00 $374.57 $67,797.78
51 $67,797.78 $1,177.11 $0.00 $383.34 $69,358.23
52 $69,358.23 $1,177.11 $0.00 $392.16 $70,927.50
53 $70,927.50 $1,177.11 $0.00 $401.03 $72,505.64
54 $72,505.64 $1,177.11 $0.00 $409.96 $74,092.71
55 $74,092.71 $1,177.11 $0.00 $418.93 $75,688.75
56 $75,688.75 $1,177.11 $0.00 $427.96 $77,293.82
57 $77,293.82 $1,177.11 $0.00 $437.03 $78,907.96
58 $78,907.96 $1,177.11 $0.00 $446.16 $80,531.23
59 $80,531.23 $1,177.11 $0.00 $455.34 $82,163.68
60 $82,163.68 $1,177.11 $0.00 $464.57 $83,805.36
61 $83,805.36 $1,177.11 $0.00 $473.85 $85,456.32
62 $85,456.32 $1,177.11 $0.00 $483.18 $87,116.61
63 $87,116.61 $1,177.11 $0.00 $492.57 $88,786.29
64 $88,786.29 $1,177.11 $0.00 $502.01 $90,465.41
65 $90,465.41 $1,177.11 $0.00 $511.50 $92,154.02
66 $92,154.02 $1,177.11 $0.00 $521.05 $93,852.18
67 $93,852.18 $1,177.11 $0.00 $530.65 $95,559.94
68 $95,559.94 $1,177.11 $0.00 $540.31 $97,277.36
69 $97,277.36 $1,177.11 $0.00 $550.02 $99,004.49
70 $99,004.49 $1,177.11 $0.00 $559.79 $100,741.39
71 $100,741.39 $1,177.11 $0.00 $569.61 $102,488.11
72 $102,488.11 $1,177.11 $0.00 $579.48 $104,244.70
73 $104,244.70 $1,177.11 $0.00 $589.41 $106,011.22
74 $106,011.22 $1,177.11 $0.00 $599.40 $107,787.73
75 $107,787.73 $1,177.11 $0.00 $609.45 $109,574.29
76 $109,574.29 $1,177.11 $0.00 $619.55 $111,370.95
77 $111,370.95 $1,177.11 $0.00 $629.71 $113,177.77
78 $113,177.77 $1,177.11 $0.00 $639.92 $114,994.80
79 $114,994.80 $1,177.11 $0.00 $650.20 $116,822.11
80 $116,822.11 $1,177.11 $0.00 $660.53 $118,659.75
81 $118,659.75 $1,177.11 $0.00 $670.92 $120,507.78
82 $120,507.78 $1,177.11 $0.00 $681.37 $122,366.26
83 $122,366.26 $1,177.11 $0.00 $691.88 $124,235.25
84 $124,235.25 $1,177.11 $0.00 $702.44 $126,114.80
85 $126,114.80 $1,177.11 $0.00 $713.07 $128,004.98
86 $128,004.98 $1,177.11 $0.00 $723.76 $129,905.85
87 $129,905.85 $1,177.11 $0.00 $734.51 $131,817.47
88 $131,817.47 $1,177.11 $0.00 $745.32 $133,739.90
89 $133,739.90 $1,177.11 $0.00 $756.18 $135,673.19
90 $135,673.19 $1,177.11 $0.00 $767.12 $137,617.42
91 $137,617.42 $1,177.11 $0.00 $778.11 $139,572.64
92 $139,572.64 $1,177.11 $0.00 $789.16 $141,538.91
93 $141,538.91 $1,177.11 $0.00 $800.28 $143,516.30
94 $143,516.30 $1,177.11 $0.00 $811.46 $145,504.87
95 $145,504.87 $1,177.11 $0.00 $822.71 $147,504.69
96 $147,504.69 $1,177.11 $0.00 $834.01 $149,515.81
97 $149,515.81 $1,177.11 $0.00 $845.38 $151,538.30
98 $151,538.30 $1,177.11 $0.00 $856.82 $153,572.23
99 $153,572.23 $1,177.11 $0.00 $868.32 $155,617.66
100 $155,617.66 $1,177.11 $0.00 $879.88 $157,674.65
101 $157,674.65 $1,177.11 $0.00 $891.52 $159,743.28
102 $159,743.28 $1,177.11 $0.00 $903.21 $161,823.60
103 $161,823.60 $1,177.11 $0.00 $914.97 $163,915.68
104 $163,915.68 $1,177.11 $0.00 $926.80 $166,019.59
105 $166,019.59 $1,177.11 $0.00 $938.70 $168,135.40
106 $168,135.40 $1,177.11 $0.00 $950.66 $170,263.17
107 $170,263.17 $1,177.11 $0.00 $962.69 $172,402.97
108 $172,402.97 $1,177.11 $0.00 $974.79 $174,554.87
109 $174,554.87 $1,177.11 $0.00 $986.96 $176,718.94
110 $176,718.94 $1,177.11 $0.00 $999.19 $178,895.24
111 $178,895.24 $1,177.11 $0.00 $1,011.50 $181,083.85
112 $181,083.85 $1,177.11 $0.00 $1,023.87 $183,284.83
113 $183,284.83 $1,177.11 $0.00 $1,036.32 $185,498.26
114 $185,498.26 $1,177.11 $0.00 $1,048.83 $187,724.20
115 $187,724.20 $1,177.11 $0.00 $1,061.42 $189,962.73
116 $189,962.73 $1,177.11 $0.00 $1,074.08 $192,213.92
117 $192,213.92 $1,177.11 $0.00 $1,086.81 $194,477.84
118 $194,477.84 $1,177.11 $0.00 $1,099.61 $196,754.56
119 $196,754.56 $1,177.11 $0.00 $1,112.48 $199,044.15
120 $199,044.15 $1,177.11 $0.00 $1,125.42 $201,346.68
121 $201,346.68 $1,177.11 $0.00 $1,138.44 $203,662.23
122 $203,662.23 $1,177.11 $0.00 $1,151.54 $205,990.88
123 $205,990.88 $1,177.11 $0.00 $1,164.70 $208,332.69
124 $208,332.69 $1,177.11 $0.00 $1,177.94 $210,687.74
125 $210,687.74 $1,177.11 $0.00 $1,191.26 $213,056.11
126 $213,056.11 $1,177.11 $0.00 $1,204.65 $215,437.87
127 $215,437.87 $1,177.11 $0.00 $1,218.12 $217,833.10
128 $217,833.10 $1,177.11 $0.00 $1,231.66 $220,241.87
129 $220,241.87 $1,177.11 $0.00 $1,245.28 $222,664.26
130 $222,664.26 $1,177.11 $0.00 $1,258.98 $225,100.35
131 $225,100.35 $1,177.11 $0.00 $1,272.75 $227,550.21
132 $227,550.21 $1,177.11 $0.00 $1,286.60 $230,013.92
133 $230,013.92 $1,177.11 $0.00 $1,300.53 $232,491.56
134 $232,491.56 $1,177.11 $0.00 $1,314.54 $234,983.21
135 $234,983.21 $1,177.11 $0.00 $1,328.63 $237,488.95
136 $237,488.95 $1,177.11 $0.00 $1,342.80 $240,008.86
137 $240,008.86 $1,177.11 $0.00 $1,357.04 $242,543.01
138 $242,543.01 $1,177.11 $0.00 $1,371.37 $245,091.49
139 $245,091.49 $1,177.11 $0.00 $1,385.78 $247,654.38
140 $247,654.38 $1,177.11 $0.00 $1,400.27 $250,231.76
141 $250,231.76 $1,177.11 $0.00 $1,414.85 $252,823.72
142 $252,823.72 $1,177.11 $0.00 $1,429.50 $255,430.33
143 $255,430.33 $1,177.11 $0.00 $1,444.24 $258,051.68
144 $258,051.68 $1,177.11 $0.00 $1,459.06 $260,687.85
145 $260,687.85 $1,177.11 $0.00 $1,473.97 $263,338.93
146 $263,338.93 $1,177.11 $0.00 $1,488.96 $266,005.00
147 $266,005.00 $1,177.11 $0.00 $1,504.03 $268,686.14
148 $268,686.14 $1,177.11 $0.00 $1,519.19 $271,382.44
149 $271,382.44 $1,177.11 $0.00 $1,534.44 $274,093.99
150 $274,093.99 $1,177.11 $0.00 $1,549.77 $276,820.87
151 $276,820.87 $1,177.11 $0.00 $1,565.19 $279,563.17
152 $279,563.17 $1,177.11 $0.00 $1,580.69 $282,320.97
153 $282,320.97 $1,177.11 $0.00 $1,596.28 $285,094.36
154 $285,094.36 $1,177.11 $0.00 $1,611.96 $287,883.43
155 $287,883.43 $1,177.11 $0.00 $1,627.73 $290,688.27
156 $290,688.27 $1,177.11 $0.00 $1,643.59 $293,508.97
157 $293,508.97 $1,177.11 $0.00 $1,659.54 $296,345.62
158 $296,345.62 $1,177.11 $0.00 $1,675.58 $299,198.31
159 $299,198.31 $1,177.11 $0.00 $1,691.71 $302,067.13
160 $302,067.13 $1,177.11 $0.00 $1,707.93 $304,952.17
161 $304,952.17 $1,177.11 $0.00 $1,724.24 $307,853.52
162 $307,853.52 $1,177.11 $0.00 $1,740.65 $310,771.28
163 $310,771.28 $1,177.11 $0.00 $1,757.15 $313,705.54
164 $313,705.54 $1,177.11 $0.00 $1,773.74 $316,656.39
165 $316,656.39 $1,177.11 $0.00 $1,790.42 $319,623.92
166 $319,623.92 $1,177.11 $0.00 $1,807.20 $322,608.23
167 $322,608.23 $1,177.11 $0.00 $1,824.07 $325,609.41
168 $325,609.41 $1,177.11 $0.00 $1,841.04 $328,627.56
169 $328,627.56 $1,177.11 $0.00 $1,858.11 $331,662.78
170 $331,662.78 $1,177.11 $0.00 $1,875.27 $334,715.16
171 $334,715.16 $1,177.11 $0.00 $1,892.53 $337,784.80
172 $337,784.80 $1,177.11 $0.00 $1,909.88 $340,871.79
173 $340,871.79 $1,177.11 $0.00 $1,927.34 $343,976.24
174 $343,976.24 $1,177.11 $0.00 $1,944.89 $347,098.24
175 $347,098.24 $1,177.11 $0.00 $1,962.54 $350,237.89
176 $350,237.89 $1,177.11 $0.00 $1,980.30 $353,395.30
177 $353,395.30 $1,177.11 $0.00 $1,998.15 $356,570.56
178 $356,570.56 $1,177.11 $0.00 $2,016.10 $359,763.77
179 $359,763.77 $1,177.11 $0.00 $2,034.16 $362,975.04
180 $362,975.04 $1,177.11 $0.00 $2,052.31 $366,204.46
181 $366,204.46 $1,177.11 $0.00 $2,070.57 $369,452.14
182 $369,452.14 $1,177.11 $0.00 $2,088.94 $372,718.19
183 $372,718.19 $1,177.11 $0.00 $2,107.40 $376,002.70
184 $376,002.70 $1,177.11 $0.00 $2,125.97 $379,305.78
185 $379,305.78 $1,177.11 $0.00 $2,144.65 $382,627.54
186 $382,627.54 $1,177.11 $0.00 $2,163.43 $385,968.08
187 $385,968.08 $1,177.11 $0.00 $2,182.32 $389,327.51
188 $389,327.51 $1,177.11 $0.00 $2,201.31 $392,705.93
189 $392,705.93 $1,177.11 $0.00 $2,220.42 $396,103.46
190 $396,103.46 $1,177.11 $0.00 $2,239.63 $399,520.20
191 $399,520.20 $1,177.11 $0.00 $2,258.95 $402,956.26
192 $402,956.26 $1,177.11 $0.00 $2,278.37 $406,411.74
193 $406,411.74 $1,177.11 $0.00 $2,297.91 $409,886.76
194 $409,886.76 $1,177.11 $0.00 $2,317.56 $413,381.43
195 $413,381.43 $1,177.11 $0.00 $2,337.32 $416,895.86
196 $416,895.86 $1,177.11 $0.00 $2,357.19 $420,430.16
197 $420,430.16 $1,177.11 $0.00 $2,377.17 $423,984.44
198 $423,984.44 $1,177.11 $0.00 $2,397.27 $427,558.82
199 $427,558.82 $1,177.11 $0.00 $2,417.48 $431,153.41
200 $431,153.41 $1,177.11 $0.00 $2,437.80 $434,768.32
201 $434,768.32 $1,177.11 $0.00 $2,458.24 $438,403.67
202 $438,403.67 $1,177.11 $0.00 $2,478.80 $442,059.58
203 $442,059.58 $1,177.11 $0.00 $2,499.47 $445,736.16
204 $445,736.16 $1,177.11 $0.00 $2,520.26 $449,433.53
205 $449,433.53 $1,177.11 $0.00 $2,541.16 $453,151.80
206 $453,151.80 $1,177.11 $0.00 $2,562.19 $456,891.10
207 $456,891.10 $1,177.11 $0.00 $2,583.33 $460,651.54
208 $460,651.54 $1,177.11 $0.00 $2,604.59 $464,433.24
209 $464,433.24 $1,177.11 $0.00 $2,625.97 $468,236.32
210 $468,236.32 $1,177.11 $0.00 $2,647.48 $472,060.91
211 $472,060.91 $1,177.11 $0.00 $2,669.10 $475,907.12
212 $475,907.12 $1,177.11 $0.00 $2,690.85 $479,775.08
213 $479,775.08 $1,177.11 $0.00 $2,712.72 $483,664.91
214 $483,664.91 $1,177.11 $0.00 $2,734.71 $487,576.73
215 $487,576.73 $1,177.11 $0.00 $2,756.83 $491,510.67
216 $491,510.67 $1,177.11 $0.00 $2,779.07 $495,466.85
217 $495,466.85 $1,177.11 $134,183.31 $2,801.44 $365,262.09
218 $365,262.09 $1,177.11 $0.00 $2,065.24 $368,504.44
219 $368,504.44 $1,177.11 $0.00 $2,083.58 $371,765.13
220 $371,765.13 $1,177.11 $0.00 $2,102.01 $375,044.25
221 $375,044.25 $1,177.11 $0.00 $2,120.55 $378,341.91
222 $378,341.91 $1,177.11 $0.00 $2,139.20 $381,658.22
223 $381,658.22 $1,177.11 $0.00 $2,157.95 $384,993.28
224 $384,993.28 $1,177.11 $0.00 $2,176.81 $388,347.20
225 $388,347.20 $1,177.11 $0.00 $2,195.77 $391,720.08
226 $391,720.08 $1,177.11 $0.00 $2,214.84 $395,112.03
227 $395,112.03 $1,177.11 $0.00 $2,234.02 $398,523.16
228 $398,523.16 $1,177.11 $0.00 $2,253.31 $401,953.58
229 $401,953.58 $1,177.11 $143,576.14 $2,272.70 $261,827.25
230 $261,827.25 $1,177.11 $0.00 $1,480.41 $264,484.77
231 $264,484.77 $1,177.11 $0.00 $1,495.44 $267,157.32
232 $267,157.32 $1,177.11 $0.00 $1,510.55 $269,844.98
233 $269,844.98 $1,177.11 $0.00 $1,525.74 $272,547.83
234 $272,547.83 $1,177.11 $0.00 $1,541.03 $275,265.97
235 $275,265.97 $1,177.11 $0.00 $1,556.39 $277,999.47
236 $277,999.47 $1,177.11 $0.00 $1,571.85 $280,748.43
237 $280,748.43 $1,177.11 $0.00 $1,587.39 $283,512.93
238 $283,512.93 $1,177.11 $0.00 $1,603.02 $286,293.06
239 $286,293.06 $1,177.11 $0.00 $1,618.74 $289,088.91
240 $289,088.91 $1,177.11 $0.00 $1,634.55 $291,900.57
241 $291,900.57 $1,177.11 $153,626.47 $1,650.45 $141,101.66
242 $141,101.66 $1,177.11 $0.00 $797.81 $143,076.58
243 $143,076.58 $1,177.11 $0.00 $808.98 $145,062.67
244 $145,062.67 $1,177.11 $0.00 $820.21 $147,059.99
245 $147,059.99 $1,177.11 $0.00 $831.50 $149,068.60
246 $149,068.60 $1,177.11 $0.00 $842.86 $151,088.57
247 $151,088.57 $1,177.11 $0.00 $854.28 $153,119.96
248 $153,119.96 $1,177.11 $0.00 $865.76 $155,162.83
249 $155,162.83 $1,177.11 $0.00 $877.31 $157,217.25
250 $157,217.25 $1,177.11 $0.00 $888.93 $159,283.29
251 $159,283.29 $1,177.11 $0.00 $900.61 $161,361.01
252 $161,361.01 $1,177.11 $0.00 $912.36 $163,450.48
253 $163,450.48 $0.00 $164,380.33 $924.17 -$5.68