Savings Plan and Future Cost Estimation for Cedar Crest College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$149,729
Monthly savings required$1,185

How much will it cost to send your child to Cedar Crest College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $598,916.82 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,185.24 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$57,739.00
Years until enrollment18
Annual Tuition Increase5%
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 $1,185.24 $0.00 $0.00 $1,185.24
2 $1,185.24 $1,185.24 $0.00 $6.70 $2,377.18
3 $2,377.18 $1,185.24 $0.00 $13.44 $3,575.86
4 $3,575.86 $1,185.24 $0.00 $20.22 $4,781.32
5 $4,781.32 $1,185.24 $0.00 $27.03 $5,993.59
6 $5,993.59 $1,185.24 $0.00 $33.89 $7,212.72
7 $7,212.72 $1,185.24 $0.00 $40.78 $8,438.74
8 $8,438.74 $1,185.24 $0.00 $47.71 $9,671.69
9 $9,671.69 $1,185.24 $0.00 $54.69 $10,911.62
10 $10,911.62 $1,185.24 $0.00 $61.70 $12,158.56
11 $12,158.56 $1,185.24 $0.00 $68.75 $13,412.55
12 $13,412.55 $1,185.24 $0.00 $75.84 $14,673.63
13 $14,673.63 $1,185.24 $0.00 $82.97 $15,941.84
14 $15,941.84 $1,185.24 $0.00 $90.14 $17,217.22
15 $17,217.22 $1,185.24 $0.00 $97.35 $18,499.81
16 $18,499.81 $1,185.24 $0.00 $104.60 $19,789.65
17 $19,789.65 $1,185.24 $0.00 $111.89 $21,086.78
18 $21,086.78 $1,185.24 $0.00 $119.23 $22,391.25
19 $22,391.25 $1,185.24 $0.00 $126.60 $23,703.09
20 $23,703.09 $1,185.24 $0.00 $134.02 $25,022.35
21 $25,022.35 $1,185.24 $0.00 $141.48 $26,349.07
22 $26,349.07 $1,185.24 $0.00 $148.98 $27,683.29
23 $27,683.29 $1,185.24 $0.00 $156.53 $29,025.06
24 $29,025.06 $1,185.24 $0.00 $164.11 $30,374.41
25 $30,374.41 $1,185.24 $0.00 $171.74 $31,731.39
26 $31,731.39 $1,185.24 $0.00 $179.41 $33,096.04
27 $33,096.04 $1,185.24 $0.00 $187.13 $34,468.41
28 $34,468.41 $1,185.24 $0.00 $194.89 $35,848.54
29 $35,848.54 $1,185.24 $0.00 $202.69 $37,236.47
30 $37,236.47 $1,185.24 $0.00 $210.54 $38,632.25
31 $38,632.25 $1,185.24 $0.00 $218.43 $40,035.92
32 $40,035.92 $1,185.24 $0.00 $226.37 $41,447.53
33 $41,447.53 $1,185.24 $0.00 $234.35 $42,867.12
34 $42,867.12 $1,185.24 $0.00 $242.38 $44,294.74
35 $44,294.74 $1,185.24 $0.00 $250.45 $45,730.43
36 $45,730.43 $1,185.24 $0.00 $258.57 $47,174.24
37 $47,174.24 $1,185.24 $0.00 $266.73 $48,626.21
38 $48,626.21 $1,185.24 $0.00 $274.94 $50,086.39
39 $50,086.39 $1,185.24 $0.00 $283.20 $51,554.83
40 $51,554.83 $1,185.24 $0.00 $291.50 $53,031.57
41 $53,031.57 $1,185.24 $0.00 $299.85 $54,516.66
42 $54,516.66 $1,185.24 $0.00 $308.25 $56,010.15
43 $56,010.15 $1,185.24 $0.00 $316.69 $57,512.08
44 $57,512.08 $1,185.24 $0.00 $325.18 $59,022.50
45 $59,022.50 $1,185.24 $0.00 $333.72 $60,541.46
46 $60,541.46 $1,185.24 $0.00 $342.31 $62,069.01
47 $62,069.01 $1,185.24 $0.00 $350.95 $63,605.20
48 $63,605.20 $1,185.24 $0.00 $359.63 $65,150.07
49 $65,150.07 $1,185.24 $0.00 $368.37 $66,703.68
50 $66,703.68 $1,185.24 $0.00 $377.15 $68,266.07
51 $68,266.07 $1,185.24 $0.00 $385.99 $69,837.30
52 $69,837.30 $1,185.24 $0.00 $394.87 $71,417.41
53 $71,417.41 $1,185.24 $0.00 $403.80 $73,006.45
54 $73,006.45 $1,185.24 $0.00 $412.79 $74,604.48
55 $74,604.48 $1,185.24 $0.00 $421.82 $76,211.54
56 $76,211.54 $1,185.24 $0.00 $430.91 $77,827.69
57 $77,827.69 $1,185.24 $0.00 $440.05 $79,452.98
58 $79,452.98 $1,185.24 $0.00 $449.24 $81,087.46
59 $81,087.46 $1,185.24 $0.00 $458.48 $82,731.18
60 $82,731.18 $1,185.24 $0.00 $467.77 $84,384.19
61 $84,384.19 $1,185.24 $0.00 $477.12 $86,046.55
62 $86,046.55 $1,185.24 $0.00 $486.52 $87,718.31
63 $87,718.31 $1,185.24 $0.00 $495.97 $89,399.52
64 $89,399.52 $1,185.24 $0.00 $505.48 $91,090.24
65 $91,090.24 $1,185.24 $0.00 $515.04 $92,790.52
66 $92,790.52 $1,185.24 $0.00 $524.65 $94,500.41
67 $94,500.41 $1,185.24 $0.00 $534.32 $96,219.97
68 $96,219.97 $1,185.24 $0.00 $544.04 $97,949.25
69 $97,949.25 $1,185.24 $0.00 $553.82 $99,688.31
70 $99,688.31 $1,185.24 $0.00 $563.65 $101,437.20
71 $101,437.20 $1,185.24 $0.00 $573.54 $103,195.98
72 $103,195.98 $1,185.24 $0.00 $583.49 $104,964.71
73 $104,964.71 $1,185.24 $0.00 $593.49 $106,743.44
74 $106,743.44 $1,185.24 $0.00 $603.54 $108,532.22
75 $108,532.22 $1,185.24 $0.00 $613.66 $110,331.12
76 $110,331.12 $1,185.24 $0.00 $623.83 $112,140.19
77 $112,140.19 $1,185.24 $0.00 $634.06 $113,959.49
78 $113,959.49 $1,185.24 $0.00 $644.34 $115,789.07
79 $115,789.07 $1,185.24 $0.00 $654.69 $117,629.00
80 $117,629.00 $1,185.24 $0.00 $665.09 $119,479.33
81 $119,479.33 $1,185.24 $0.00 $675.55 $121,340.12
82 $121,340.12 $1,185.24 $0.00 $686.07 $123,211.43
83 $123,211.43 $1,185.24 $0.00 $696.66 $125,093.33
84 $125,093.33 $1,185.24 $0.00 $707.30 $126,985.87
85 $126,985.87 $1,185.24 $0.00 $718.00 $128,889.11
86 $128,889.11 $1,185.24 $0.00 $728.76 $130,803.11
87 $130,803.11 $1,185.24 $0.00 $739.58 $132,727.93
88 $132,727.93 $1,185.24 $0.00 $750.46 $134,663.63
89 $134,663.63 $1,185.24 $0.00 $761.41 $136,610.28
90 $136,610.28 $1,185.24 $0.00 $772.41 $138,567.93
91 $138,567.93 $1,185.24 $0.00 $783.48 $140,536.65
92 $140,536.65 $1,185.24 $0.00 $794.61 $142,516.50
93 $142,516.50 $1,185.24 $0.00 $805.81 $144,507.55
94 $144,507.55 $1,185.24 $0.00 $817.07 $146,509.86
95 $146,509.86 $1,185.24 $0.00 $828.39 $148,523.49
96 $148,523.49 $1,185.24 $0.00 $839.77 $150,548.50
97 $150,548.50 $1,185.24 $0.00 $851.22 $152,584.96
98 $152,584.96 $1,185.24 $0.00 $862.74 $154,632.94
99 $154,632.94 $1,185.24 $0.00 $874.32 $156,692.50
100 $156,692.50 $1,185.24 $0.00 $885.96 $158,763.70
101 $158,763.70 $1,185.24 $0.00 $897.67 $160,846.61
102 $160,846.61 $1,185.24 $0.00 $909.45 $162,941.30
103 $162,941.30 $1,185.24 $0.00 $921.29 $165,047.83
104 $165,047.83 $1,185.24 $0.00 $933.20 $167,166.27
105 $167,166.27 $1,185.24 $0.00 $945.18 $169,296.69
106 $169,296.69 $1,185.24 $0.00 $957.23 $171,439.16
107 $171,439.16 $1,185.24 $0.00 $969.34 $173,593.74
108 $173,593.74 $1,185.24 $0.00 $981.52 $175,760.50
109 $175,760.50 $1,185.24 $0.00 $993.78 $177,939.52
110 $177,939.52 $1,185.24 $0.00 $1,006.10 $180,130.86
111 $180,130.86 $1,185.24 $0.00 $1,018.49 $182,334.59
112 $182,334.59 $1,185.24 $0.00 $1,030.95 $184,550.78
113 $184,550.78 $1,185.24 $0.00 $1,043.48 $186,779.50
114 $186,779.50 $1,185.24 $0.00 $1,056.08 $189,020.82
115 $189,020.82 $1,185.24 $0.00 $1,068.75 $191,274.81
116 $191,274.81 $1,185.24 $0.00 $1,081.50 $193,541.55
117 $193,541.55 $1,185.24 $0.00 $1,094.31 $195,821.10
118 $195,821.10 $1,185.24 $0.00 $1,107.20 $198,113.54
119 $198,113.54 $1,185.24 $0.00 $1,120.16 $200,418.94
120 $200,418.94 $1,185.24 $0.00 $1,133.20 $202,737.38
121 $202,737.38 $1,185.24 $0.00 $1,146.31 $205,068.93
122 $205,068.93 $1,185.24 $0.00 $1,159.49 $207,413.66
123 $207,413.66 $1,185.24 $0.00 $1,172.75 $209,771.65
124 $209,771.65 $1,185.24 $0.00 $1,186.08 $212,142.97
125 $212,142.97 $1,185.24 $0.00 $1,199.49 $214,527.70
126 $214,527.70 $1,185.24 $0.00 $1,212.97 $216,925.91
127 $216,925.91 $1,185.24 $0.00 $1,226.53 $219,337.68
128 $219,337.68 $1,185.24 $0.00 $1,240.17 $221,763.09
129 $221,763.09 $1,185.24 $0.00 $1,253.88 $224,202.21
130 $224,202.21 $1,185.24 $0.00 $1,267.67 $226,655.12
131 $226,655.12 $1,185.24 $0.00 $1,281.54 $229,121.90
132 $229,121.90 $1,185.24 $0.00 $1,295.49 $231,602.63
133 $231,602.63 $1,185.24 $0.00 $1,309.51 $234,097.38
134 $234,097.38 $1,185.24 $0.00 $1,323.62 $236,606.24
135 $236,606.24 $1,185.24 $0.00 $1,337.81 $239,129.29
136 $239,129.29 $1,185.24 $0.00 $1,352.07 $241,666.60
137 $241,666.60 $1,185.24 $0.00 $1,366.42 $244,218.26
138 $244,218.26 $1,185.24 $0.00 $1,380.85 $246,784.35
139 $246,784.35 $1,185.24 $0.00 $1,395.35 $249,364.94
140 $249,364.94 $1,185.24 $0.00 $1,409.95 $251,960.13
141 $251,960.13 $1,185.24 $0.00 $1,424.62 $254,569.99
142 $254,569.99 $1,185.24 $0.00 $1,439.38 $257,194.61
143 $257,194.61 $1,185.24 $0.00 $1,454.22 $259,834.07
144 $259,834.07 $1,185.24 $0.00 $1,469.14 $262,488.45
145 $262,488.45 $1,185.24 $0.00 $1,484.15 $265,157.84
146 $265,157.84 $1,185.24 $0.00 $1,499.24 $267,842.32
147 $267,842.32 $1,185.24 $0.00 $1,514.42 $270,541.98
148 $270,541.98 $1,185.24 $0.00 $1,529.68 $273,256.90
149 $273,256.90 $1,185.24 $0.00 $1,545.03 $275,987.17
150 $275,987.17 $1,185.24 $0.00 $1,560.47 $278,732.88
151 $278,732.88 $1,185.24 $0.00 $1,576.00 $281,494.12
152 $281,494.12 $1,185.24 $0.00 $1,591.61 $284,270.97
153 $284,270.97 $1,185.24 $0.00 $1,607.31 $287,063.52
154 $287,063.52 $1,185.24 $0.00 $1,623.10 $289,871.86
155 $289,871.86 $1,185.24 $0.00 $1,638.98 $292,696.08
156 $292,696.08 $1,185.24 $0.00 $1,654.95 $295,536.27
157 $295,536.27 $1,185.24 $0.00 $1,671.01 $298,392.52
158 $298,392.52 $1,185.24 $0.00 $1,687.15 $301,264.91
159 $301,264.91 $1,185.24 $0.00 $1,703.40 $304,153.55
160 $304,153.55 $1,185.24 $0.00 $1,719.73 $307,058.52
161 $307,058.52 $1,185.24 $0.00 $1,736.15 $309,979.91
162 $309,979.91 $1,185.24 $0.00 $1,752.67 $312,917.82
163 $312,917.82 $1,185.24 $0.00 $1,769.28 $315,872.34
164 $315,872.34 $1,185.24 $0.00 $1,785.99 $318,843.57
165 $318,843.57 $1,185.24 $0.00 $1,802.79 $321,831.60
166 $321,831.60 $1,185.24 $0.00 $1,819.68 $324,836.52
167 $324,836.52 $1,185.24 $0.00 $1,836.67 $327,858.43
168 $327,858.43 $1,185.24 $0.00 $1,853.76 $330,897.43
169 $330,897.43 $1,185.24 $0.00 $1,870.94 $333,953.61
170 $333,953.61 $1,185.24 $0.00 $1,888.22 $337,027.07
171 $337,027.07 $1,185.24 $0.00 $1,905.60 $340,117.91
172 $340,117.91 $1,185.24 $0.00 $1,923.08 $343,226.23
173 $343,226.23 $1,185.24 $0.00 $1,940.65 $346,352.12
174 $346,352.12 $1,185.24 $0.00 $1,958.33 $349,495.69
175 $349,495.69 $1,185.24 $0.00 $1,976.10 $352,657.03
176 $352,657.03 $1,185.24 $0.00 $1,993.97 $355,836.24
177 $355,836.24 $1,185.24 $0.00 $2,011.95 $359,033.43
178 $359,033.43 $1,185.24 $0.00 $2,030.03 $362,248.70
179 $362,248.70 $1,185.24 $0.00 $2,048.21 $365,482.15
180 $365,482.15 $1,185.24 $0.00 $2,066.49 $368,733.88
181 $368,733.88 $1,185.24 $0.00 $2,084.87 $372,003.99
182 $372,003.99 $1,185.24 $0.00 $2,103.36 $375,292.59
183 $375,292.59 $1,185.24 $0.00 $2,121.96 $378,599.79
184 $378,599.79 $1,185.24 $0.00 $2,140.66 $381,925.69
185 $381,925.69 $1,185.24 $0.00 $2,159.46 $385,270.39
186 $385,270.39 $1,185.24 $0.00 $2,178.37 $388,634.00
187 $388,634.00 $1,185.24 $0.00 $2,197.39 $392,016.63
188 $392,016.63 $1,185.24 $0.00 $2,216.52 $395,418.39
189 $395,418.39 $1,185.24 $0.00 $2,235.75 $398,839.38
190 $398,839.38 $1,185.24 $0.00 $2,255.10 $402,279.72
191 $402,279.72 $1,185.24 $0.00 $2,274.55 $405,739.51
192 $405,739.51 $1,185.24 $0.00 $2,294.11 $409,218.86
193 $409,218.86 $1,185.24 $0.00 $2,313.78 $412,717.88
194 $412,717.88 $1,185.24 $0.00 $2,333.57 $416,236.69
195 $416,236.69 $1,185.24 $0.00 $2,353.46 $419,775.39
196 $419,775.39 $1,185.24 $0.00 $2,373.47 $423,334.10
197 $423,334.10 $1,185.24 $0.00 $2,393.59 $426,912.93
198 $426,912.93 $1,185.24 $0.00 $2,413.83 $430,512.00
199 $430,512.00 $1,185.24 $0.00 $2,434.18 $434,131.42
200 $434,131.42 $1,185.24 $0.00 $2,454.64 $437,771.30
201 $437,771.30 $1,185.24 $0.00 $2,475.22 $441,431.76
202 $441,431.76 $1,185.24 $0.00 $2,495.92 $445,112.92
203 $445,112.92 $1,185.24 $0.00 $2,516.73 $448,814.89
204 $448,814.89 $1,185.24 $0.00 $2,537.66 $452,537.79
205 $452,537.79 $1,185.24 $0.00 $2,558.71 $456,281.74
206 $456,281.74 $1,185.24 $0.00 $2,579.88 $460,046.86
207 $460,046.86 $1,185.24 $0.00 $2,601.17 $463,833.27
208 $463,833.27 $1,185.24 $0.00 $2,622.58 $467,641.09
209 $467,641.09 $1,185.24 $0.00 $2,644.11 $471,470.44
210 $471,470.44 $1,185.24 $0.00 $2,665.76 $475,321.44
211 $475,321.44 $1,185.24 $0.00 $2,687.54 $479,194.22
212 $479,194.22 $1,185.24 $0.00 $2,709.43 $483,088.89
213 $483,088.89 $1,185.24 $0.00 $2,731.45 $487,005.58
214 $487,005.58 $1,185.24 $0.00 $2,753.60 $490,944.42
215 $490,944.42 $1,185.24 $0.00 $2,775.87 $494,905.53
216 $494,905.53 $1,185.24 $0.00 $2,798.27 $498,889.04
217 $498,889.04 $1,185.24 $138,955.79 $2,820.79 $363,939.28
218 $363,939.28 $1,185.24 $0.00 $2,057.77 $367,182.29
219 $367,182.29 $1,185.24 $0.00 $2,076.10 $370,443.63
220 $370,443.63 $1,185.24 $0.00 $2,094.54 $373,723.41
221 $373,723.41 $1,185.24 $0.00 $2,113.09 $377,021.74
222 $377,021.74 $1,185.24 $0.00 $2,131.74 $380,338.72
223 $380,338.72 $1,185.24 $0.00 $2,150.49 $383,674.45
224 $383,674.45 $1,185.24 $0.00 $2,169.35 $387,029.04
225 $387,029.04 $1,185.24 $0.00 $2,188.32 $390,402.60
226 $390,402.60 $1,185.24 $0.00 $2,207.39 $393,795.23
227 $393,795.23 $1,185.24 $0.00 $2,226.58 $397,207.05
228 $397,207.05 $1,185.24 $0.00 $2,245.87 $400,638.16
229 $400,638.16 $1,185.24 $145,903.58 $2,265.27 $258,185.09
230 $258,185.09 $1,185.24 $0.00 $1,459.82 $260,830.15
231 $260,830.15 $1,185.24 $0.00 $1,474.77 $263,490.16
232 $263,490.16 $1,185.24 $0.00 $1,489.81 $266,165.21
233 $266,165.21 $1,185.24 $0.00 $1,504.94 $268,855.39
234 $268,855.39 $1,185.24 $0.00 $1,520.15 $271,560.78
235 $271,560.78 $1,185.24 $0.00 $1,535.44 $274,281.46
236 $274,281.46 $1,185.24 $0.00 $1,550.83 $277,017.53
237 $277,017.53 $1,185.24 $0.00 $1,566.30 $279,769.07
238 $279,769.07 $1,185.24 $0.00 $1,581.85 $282,536.16
239 $282,536.16 $1,185.24 $0.00 $1,597.50 $285,318.90
240 $285,318.90 $1,185.24 $0.00 $1,613.23 $288,117.37
241 $288,117.37 $1,185.24 $153,198.76 $1,629.06 $137,732.91
242 $137,732.91 $1,185.24 $0.00 $778.76 $139,696.91
243 $139,696.91 $1,185.24 $0.00 $789.87 $141,672.02
244 $141,672.02 $1,185.24 $0.00 $801.03 $143,658.29
245 $143,658.29 $1,185.24 $0.00 $812.26 $145,655.79
246 $145,655.79 $1,185.24 $0.00 $823.56 $147,664.59
247 $147,664.59 $1,185.24 $0.00 $834.92 $149,684.75
248 $149,684.75 $1,185.24 $0.00 $846.34 $151,716.33
249 $151,716.33 $1,185.24 $0.00 $857.83 $153,759.40
250 $153,759.40 $1,185.24 $0.00 $869.38 $155,814.02
251 $155,814.02 $1,185.24 $0.00 $881.00 $157,880.26
252 $157,880.26 $1,185.24 $0.00 $892.68 $159,958.18
253 $159,958.18 $0.00 $160,858.69 $904.43 $3.92