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 2041$95,171
Monthly savings required$753

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 $380,682.85 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $753.35 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$36,700.00
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 $753.35 $0.00 $0.00 $753.35
2 $753.35 $753.35 $0.00 $4.26 $1,510.96
3 $1,510.96 $753.35 $0.00 $8.54 $2,272.85
4 $2,272.85 $753.35 $0.00 $12.85 $3,039.05
5 $3,039.05 $753.35 $0.00 $17.18 $3,809.58
6 $3,809.58 $753.35 $0.00 $21.54 $4,584.47
7 $4,584.47 $753.35 $0.00 $25.92 $5,363.74
8 $5,363.74 $753.35 $0.00 $30.33 $6,147.42
9 $6,147.42 $753.35 $0.00 $34.76 $6,935.53
10 $6,935.53 $753.35 $0.00 $39.21 $7,728.09
11 $7,728.09 $753.35 $0.00 $43.70 $8,525.14
12 $8,525.14 $753.35 $0.00 $48.20 $9,326.69
13 $9,326.69 $753.35 $0.00 $52.73 $10,132.77
14 $10,132.77 $753.35 $0.00 $57.29 $10,943.41
15 $10,943.41 $753.35 $0.00 $61.88 $11,758.64
16 $11,758.64 $753.35 $0.00 $66.49 $12,578.48
17 $12,578.48 $753.35 $0.00 $71.12 $13,402.95
18 $13,402.95 $753.35 $0.00 $75.78 $14,232.08
19 $14,232.08 $753.35 $0.00 $80.47 $15,065.90
20 $15,065.90 $753.35 $0.00 $85.18 $15,904.43
21 $15,904.43 $753.35 $0.00 $89.93 $16,747.71
22 $16,747.71 $753.35 $0.00 $94.69 $17,595.75
23 $17,595.75 $753.35 $0.00 $99.49 $18,448.59
24 $18,448.59 $753.35 $0.00 $104.31 $19,306.25
25 $19,306.25 $753.35 $0.00 $109.16 $20,168.76
26 $20,168.76 $753.35 $0.00 $114.04 $21,036.15
27 $21,036.15 $753.35 $0.00 $118.94 $21,908.44
28 $21,908.44 $753.35 $0.00 $123.87 $22,785.66
29 $22,785.66 $753.35 $0.00 $128.83 $23,667.84
30 $23,667.84 $753.35 $0.00 $133.82 $24,555.01
31 $24,555.01 $753.35 $0.00 $138.84 $25,447.20
32 $25,447.20 $753.35 $0.00 $143.88 $26,344.43
33 $26,344.43 $753.35 $0.00 $148.96 $27,246.74
34 $27,246.74 $753.35 $0.00 $154.06 $28,154.15
35 $28,154.15 $753.35 $0.00 $159.19 $29,066.69
36 $29,066.69 $753.35 $0.00 $164.35 $29,984.39
37 $29,984.39 $753.35 $0.00 $169.54 $30,907.28
38 $30,907.28 $753.35 $0.00 $174.75 $31,835.38
39 $31,835.38 $753.35 $0.00 $180.00 $32,768.73
40 $32,768.73 $753.35 $0.00 $185.28 $33,707.36
41 $33,707.36 $753.35 $0.00 $190.59 $34,651.30
42 $34,651.30 $753.35 $0.00 $195.92 $35,600.57
43 $35,600.57 $753.35 $0.00 $201.29 $36,555.21
44 $36,555.21 $753.35 $0.00 $206.69 $37,515.25
45 $37,515.25 $753.35 $0.00 $212.12 $38,480.72
46 $38,480.72 $753.35 $0.00 $217.58 $39,451.65
47 $39,451.65 $753.35 $0.00 $223.07 $40,428.07
48 $40,428.07 $753.35 $0.00 $228.59 $41,410.01
49 $41,410.01 $753.35 $0.00 $234.14 $42,397.50
50 $42,397.50 $753.35 $0.00 $239.72 $43,390.57
51 $43,390.57 $753.35 $0.00 $245.34 $44,389.26
52 $44,389.26 $753.35 $0.00 $250.98 $45,393.59
53 $45,393.59 $753.35 $0.00 $256.66 $46,403.60
54 $46,403.60 $753.35 $0.00 $262.37 $47,419.32
55 $47,419.32 $753.35 $0.00 $268.12 $48,440.79
56 $48,440.79 $753.35 $0.00 $273.89 $49,468.03
57 $49,468.03 $753.35 $0.00 $279.70 $50,501.08
58 $50,501.08 $753.35 $0.00 $285.54 $51,539.97
59 $51,539.97 $753.35 $0.00 $291.41 $52,584.73
60 $52,584.73 $753.35 $0.00 $297.32 $53,635.40
61 $53,635.40 $753.35 $0.00 $303.26 $54,692.01
62 $54,692.01 $753.35 $0.00 $309.24 $55,754.60
63 $55,754.60 $753.35 $0.00 $315.24 $56,823.19
64 $56,823.19 $753.35 $0.00 $321.29 $57,897.83
65 $57,897.83 $753.35 $0.00 $327.36 $58,978.54
66 $58,978.54 $753.35 $0.00 $333.47 $60,065.36
67 $60,065.36 $753.35 $0.00 $339.62 $61,158.33
68 $61,158.33 $753.35 $0.00 $345.80 $62,257.48
69 $62,257.48 $753.35 $0.00 $352.01 $63,362.84
70 $63,362.84 $753.35 $0.00 $358.26 $64,474.45
71 $64,474.45 $753.35 $0.00 $364.55 $65,592.35
72 $65,592.35 $753.35 $0.00 $370.87 $66,716.57
73 $66,716.57 $753.35 $0.00 $377.23 $67,847.15
74 $67,847.15 $753.35 $0.00 $383.62 $68,984.12
75 $68,984.12 $753.35 $0.00 $390.05 $70,127.52
76 $70,127.52 $753.35 $0.00 $396.51 $71,277.38
77 $71,277.38 $753.35 $0.00 $403.01 $72,433.74
78 $72,433.74 $753.35 $0.00 $409.55 $73,596.64
79 $73,596.64 $753.35 $0.00 $416.13 $74,766.12
80 $74,766.12 $753.35 $0.00 $422.74 $75,942.21
81 $75,942.21 $753.35 $0.00 $429.39 $77,124.95
82 $77,124.95 $753.35 $0.00 $436.08 $78,314.38
83 $78,314.38 $753.35 $0.00 $442.80 $79,510.53
84 $79,510.53 $753.35 $0.00 $449.56 $80,713.44
85 $80,713.44 $753.35 $0.00 $456.37 $81,923.16
86 $81,923.16 $753.35 $0.00 $463.21 $83,139.72
87 $83,139.72 $753.35 $0.00 $470.08 $84,363.15
88 $84,363.15 $753.35 $0.00 $477.00 $85,593.50
89 $85,593.50 $753.35 $0.00 $483.96 $86,830.81
90 $86,830.81 $753.35 $0.00 $490.95 $88,075.11
91 $88,075.11 $753.35 $0.00 $497.99 $89,326.45
92 $89,326.45 $753.35 $0.00 $505.06 $90,584.86
93 $90,584.86 $753.35 $0.00 $512.18 $91,850.39
94 $91,850.39 $753.35 $0.00 $519.34 $93,123.08
95 $93,123.08 $753.35 $0.00 $526.53 $94,402.96
96 $94,402.96 $753.35 $0.00 $533.77 $95,690.08
97 $95,690.08 $753.35 $0.00 $541.05 $96,984.48
98 $96,984.48 $753.35 $0.00 $548.36 $98,286.19
99 $98,286.19 $753.35 $0.00 $555.72 $99,595.26
100 $99,595.26 $753.35 $0.00 $563.13 $100,911.74
101 $100,911.74 $753.35 $0.00 $570.57 $102,235.66
102 $102,235.66 $753.35 $0.00 $578.06 $103,567.07
103 $103,567.07 $753.35 $0.00 $585.58 $104,906.00
104 $104,906.00 $753.35 $0.00 $593.15 $106,252.50
105 $106,252.50 $753.35 $0.00 $600.77 $107,606.62
106 $107,606.62 $753.35 $0.00 $608.42 $108,968.39
107 $108,968.39 $753.35 $0.00 $616.12 $110,337.86
108 $110,337.86 $753.35 $0.00 $623.87 $111,715.08
109 $111,715.08 $753.35 $0.00 $631.65 $113,100.08
110 $113,100.08 $753.35 $0.00 $639.48 $114,492.91
111 $114,492.91 $753.35 $0.00 $647.36 $115,893.62
112 $115,893.62 $753.35 $0.00 $655.28 $117,302.25
113 $117,302.25 $753.35 $0.00 $663.24 $118,718.84
114 $118,718.84 $753.35 $0.00 $671.25 $120,143.44
115 $120,143.44 $753.35 $0.00 $679.31 $121,576.10
116 $121,576.10 $753.35 $0.00 $687.41 $123,016.86
117 $123,016.86 $753.35 $0.00 $695.56 $124,465.77
118 $124,465.77 $753.35 $0.00 $703.75 $125,922.87
119 $125,922.87 $753.35 $0.00 $711.99 $127,388.21
120 $127,388.21 $753.35 $0.00 $720.27 $128,861.83
121 $128,861.83 $753.35 $0.00 $728.60 $130,343.78
122 $130,343.78 $753.35 $0.00 $736.98 $131,834.11
123 $131,834.11 $753.35 $0.00 $745.41 $133,332.87
124 $133,332.87 $753.35 $0.00 $753.88 $134,840.10
125 $134,840.10 $753.35 $0.00 $762.41 $136,355.86
126 $136,355.86 $753.35 $0.00 $770.98 $137,880.19
127 $137,880.19 $753.35 $0.00 $779.59 $139,413.13
128 $139,413.13 $753.35 $0.00 $788.26 $140,954.74
129 $140,954.74 $753.35 $0.00 $796.98 $142,505.07
130 $142,505.07 $753.35 $0.00 $805.74 $144,064.16
131 $144,064.16 $753.35 $0.00 $814.56 $145,632.07
132 $145,632.07 $753.35 $0.00 $823.42 $147,208.84
133 $147,208.84 $753.35 $0.00 $832.34 $148,794.53
134 $148,794.53 $753.35 $0.00 $841.31 $150,389.19
135 $150,389.19 $753.35 $0.00 $850.32 $151,992.86
136 $151,992.86 $753.35 $0.00 $859.39 $153,605.60
137 $153,605.60 $753.35 $0.00 $868.51 $155,227.46
138 $155,227.46 $753.35 $0.00 $877.68 $156,858.49
139 $156,858.49 $753.35 $0.00 $886.90 $158,498.74
140 $158,498.74 $753.35 $0.00 $896.17 $160,148.26
141 $160,148.26 $753.35 $0.00 $905.50 $161,807.11
142 $161,807.11 $753.35 $0.00 $914.88 $163,475.34
143 $163,475.34 $753.35 $0.00 $924.31 $165,153.00
144 $165,153.00 $753.35 $0.00 $933.80 $166,840.15
145 $166,840.15 $753.35 $0.00 $943.34 $168,536.84
146 $168,536.84 $753.35 $0.00 $952.93 $170,243.12
147 $170,243.12 $753.35 $0.00 $962.58 $171,959.05
148 $171,959.05 $753.35 $0.00 $972.28 $173,684.68
149 $173,684.68 $753.35 $0.00 $982.04 $175,420.07
150 $175,420.07 $753.35 $0.00 $991.85 $177,165.27
151 $177,165.27 $753.35 $0.00 $1,001.72 $178,920.34
152 $178,920.34 $753.35 $0.00 $1,011.64 $180,685.33
153 $180,685.33 $753.35 $0.00 $1,021.62 $182,460.30
154 $182,460.30 $753.35 $0.00 $1,031.66 $184,245.31
155 $184,245.31 $753.35 $0.00 $1,041.75 $186,040.41
156 $186,040.41 $753.35 $0.00 $1,051.90 $187,845.66
157 $187,845.66 $753.35 $0.00 $1,062.11 $189,661.12
158 $189,661.12 $753.35 $0.00 $1,072.37 $191,486.84
159 $191,486.84 $753.35 $0.00 $1,082.69 $193,322.88
160 $193,322.88 $753.35 $0.00 $1,093.08 $195,169.31
161 $195,169.31 $753.35 $0.00 $1,103.52 $197,026.18
162 $197,026.18 $753.35 $0.00 $1,114.01 $198,893.54
163 $198,893.54 $753.35 $0.00 $1,124.57 $200,771.46
164 $200,771.46 $753.35 $0.00 $1,135.19 $202,660.00
165 $202,660.00 $753.35 $0.00 $1,145.87 $204,559.22
166 $204,559.22 $753.35 $0.00 $1,156.61 $206,469.18
167 $206,469.18 $753.35 $0.00 $1,167.41 $208,389.94
168 $208,389.94 $753.35 $0.00 $1,178.27 $210,321.56
169 $210,321.56 $753.35 $0.00 $1,189.19 $212,264.10
170 $212,264.10 $753.35 $0.00 $1,200.17 $214,217.62
171 $214,217.62 $753.35 $0.00 $1,211.22 $216,182.19
172 $216,182.19 $753.35 $0.00 $1,222.33 $218,157.87
173 $218,157.87 $753.35 $0.00 $1,233.50 $220,144.72
174 $220,144.72 $753.35 $0.00 $1,244.73 $222,142.80
175 $222,142.80 $753.35 $0.00 $1,256.03 $224,152.18
176 $224,152.18 $753.35 $0.00 $1,267.39 $226,172.92
177 $226,172.92 $753.35 $0.00 $1,278.81 $228,205.08
178 $228,205.08 $753.35 $0.00 $1,290.30 $230,248.73
179 $230,248.73 $753.35 $0.00 $1,301.86 $232,303.94
180 $232,303.94 $753.35 $0.00 $1,313.48 $234,370.77
181 $234,370.77 $753.35 $0.00 $1,325.17 $236,449.29
182 $236,449.29 $753.35 $0.00 $1,336.92 $238,539.56
183 $238,539.56 $753.35 $0.00 $1,348.74 $240,641.65
184 $240,641.65 $753.35 $0.00 $1,360.62 $242,755.62
185 $242,755.62 $753.35 $0.00 $1,372.58 $244,881.55
186 $244,881.55 $753.35 $0.00 $1,384.60 $247,019.50
187 $247,019.50 $753.35 $0.00 $1,396.68 $249,169.53
188 $249,169.53 $753.35 $0.00 $1,408.84 $251,331.72
189 $251,331.72 $753.35 $0.00 $1,421.07 $253,506.14
190 $253,506.14 $753.35 $0.00 $1,433.36 $255,692.85
191 $255,692.85 $753.35 $0.00 $1,445.72 $257,891.92
192 $257,891.92 $753.35 $0.00 $1,458.16 $260,103.43
193 $260,103.43 $753.35 $0.00 $1,470.66 $262,327.44
194 $262,327.44 $753.35 $0.00 $1,483.24 $264,564.03
195 $264,564.03 $753.35 $0.00 $1,495.88 $266,813.26
196 $266,813.26 $753.35 $0.00 $1,508.60 $269,075.21
197 $269,075.21 $753.35 $0.00 $1,521.39 $271,349.95
198 $271,349.95 $753.35 $0.00 $1,534.25 $273,637.55
199 $273,637.55 $753.35 $0.00 $1,547.19 $275,938.09
200 $275,938.09 $753.35 $0.00 $1,560.19 $278,251.63
201 $278,251.63 $753.35 $0.00 $1,573.28 $280,578.26
202 $280,578.26 $753.35 $0.00 $1,586.43 $282,918.04
203 $282,918.04 $753.35 $0.00 $1,599.66 $285,271.05
204 $285,271.05 $753.35 $0.00 $1,612.96 $287,637.36
205 $287,637.36 $753.35 $0.00 $1,626.34 $290,017.05
206 $290,017.05 $753.35 $0.00 $1,639.80 $292,410.20
207 $292,410.20 $753.35 $0.00 $1,653.33 $294,816.88
208 $294,816.88 $753.35 $0.00 $1,666.94 $297,237.17
209 $297,237.17 $753.35 $0.00 $1,680.62 $299,671.14
210 $299,671.14 $753.35 $0.00 $1,694.38 $302,118.87
211 $302,118.87 $753.35 $0.00 $1,708.22 $304,580.44
212 $304,580.44 $753.35 $0.00 $1,722.14 $307,055.93
213 $307,055.93 $753.35 $0.00 $1,736.14 $309,545.42
214 $309,545.42 $753.35 $0.00 $1,750.21 $312,048.98
215 $312,048.98 $753.35 $0.00 $1,764.37 $314,566.70
216 $314,566.70 $753.35 $0.00 $1,778.61 $317,098.66
217 $317,098.66 $753.35 $88,322.93 $1,792.92 $231,322.00
218 $231,322.00 $753.35 $0.00 $1,307.93 $233,383.28
219 $233,383.28 $753.35 $0.00 $1,319.58 $235,456.21
220 $235,456.21 $753.35 $0.00 $1,331.30 $237,540.86
221 $237,540.86 $753.35 $0.00 $1,343.09 $239,637.30
222 $239,637.30 $753.35 $0.00 $1,354.94 $241,745.59
223 $241,745.59 $753.35 $0.00 $1,366.86 $243,865.80
224 $243,865.80 $753.35 $0.00 $1,378.85 $245,998.00
225 $245,998.00 $753.35 $0.00 $1,390.91 $248,142.26
226 $248,142.26 $753.35 $0.00 $1,403.03 $250,298.64
227 $250,298.64 $753.35 $0.00 $1,415.22 $252,467.21
228 $252,467.21 $753.35 $0.00 $1,427.49 $254,648.05
229 $254,648.05 $753.35 $92,739.07 $1,439.82 $164,102.15
230 $164,102.15 $753.35 $0.00 $927.86 $165,783.36
231 $165,783.36 $753.35 $0.00 $937.36 $167,474.07
232 $167,474.07 $753.35 $0.00 $946.92 $169,174.34
233 $169,174.34 $753.35 $0.00 $956.54 $170,884.23
234 $170,884.23 $753.35 $0.00 $966.20 $172,603.78
235 $172,603.78 $753.35 $0.00 $975.93 $174,333.06
236 $174,333.06 $753.35 $0.00 $985.70 $176,072.11
237 $176,072.11 $753.35 $0.00 $995.54 $177,821.00
238 $177,821.00 $753.35 $0.00 $1,005.43 $179,579.78
239 $179,579.78 $753.35 $0.00 $1,015.37 $181,348.50
240 $181,348.50 $753.35 $0.00 $1,025.37 $183,127.22
241 $183,127.22 $753.35 $97,376.03 $1,035.43 $87,539.97
242 $87,539.97 $753.35 $0.00 $494.96 $88,788.28
243 $88,788.28 $753.35 $0.00 $502.02 $90,043.65
244 $90,043.65 $753.35 $0.00 $509.12 $91,306.12
245 $91,306.12 $753.35 $0.00 $516.26 $92,575.73
246 $92,575.73 $753.35 $0.00 $523.44 $93,852.52
247 $93,852.52 $753.35 $0.00 $530.66 $95,136.53
248 $95,136.53 $753.35 $0.00 $537.92 $96,427.80
249 $96,427.80 $753.35 $0.00 $545.22 $97,726.37
250 $97,726.37 $753.35 $0.00 $552.56 $99,032.28
251 $99,032.28 $753.35 $0.00 $559.94 $100,345.57
252 $100,345.57 $753.35 $0.00 $567.37 $101,666.29
253 $101,666.29 $0.00 $102,244.83 $574.84 ($3.70)