Savings Plan and Future Cost Estimation for Drexel University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$185,821
Monthly savings required$1,471

How much will it cost to send your child to Drexel University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $743,285.86 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,470.93 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$71,657.00
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 $1,470.93 $0.00 $0.00 $1,470.93
2 $1,470.93 $1,470.93 $0.00 $8.32 $2,950.18
3 $2,950.18 $1,470.93 $0.00 $16.68 $4,437.79
4 $4,437.79 $1,470.93 $0.00 $25.09 $5,933.81
5 $5,933.81 $1,470.93 $0.00 $33.55 $7,438.29
6 $7,438.29 $1,470.93 $0.00 $42.06 $8,951.28
7 $8,951.28 $1,470.93 $0.00 $50.61 $10,472.82
8 $10,472.82 $1,470.93 $0.00 $59.21 $12,002.96
9 $12,002.96 $1,470.93 $0.00 $67.87 $13,541.76
10 $13,541.76 $1,470.93 $0.00 $76.57 $15,089.26
11 $15,089.26 $1,470.93 $0.00 $85.32 $16,645.51
12 $16,645.51 $1,470.93 $0.00 $94.12 $18,210.56
13 $18,210.56 $1,470.93 $0.00 $102.97 $19,784.46
14 $19,784.46 $1,470.93 $0.00 $111.86 $21,367.25
15 $21,367.25 $1,470.93 $0.00 $120.81 $22,958.99
16 $22,958.99 $1,470.93 $0.00 $129.81 $24,559.73
17 $24,559.73 $1,470.93 $0.00 $138.86 $26,169.52
18 $26,169.52 $1,470.93 $0.00 $147.97 $27,788.42
19 $27,788.42 $1,470.93 $0.00 $157.12 $29,416.47
20 $29,416.47 $1,470.93 $0.00 $166.32 $31,053.72
21 $31,053.72 $1,470.93 $0.00 $175.58 $32,700.23
22 $32,700.23 $1,470.93 $0.00 $184.89 $34,356.05
23 $34,356.05 $1,470.93 $0.00 $194.25 $36,021.23
24 $36,021.23 $1,470.93 $0.00 $203.67 $37,695.83
25 $37,695.83 $1,470.93 $0.00 $213.14 $39,379.90
26 $39,379.90 $1,470.93 $0.00 $222.66 $41,073.49
27 $41,073.49 $1,470.93 $0.00 $232.24 $42,776.66
28 $42,776.66 $1,470.93 $0.00 $241.87 $44,489.46
29 $44,489.46 $1,470.93 $0.00 $251.55 $46,211.94
30 $46,211.94 $1,470.93 $0.00 $261.29 $47,944.16
31 $47,944.16 $1,470.93 $0.00 $271.08 $49,686.17
32 $49,686.17 $1,470.93 $0.00 $280.93 $51,438.03
33 $51,438.03 $1,470.93 $0.00 $290.84 $53,199.80
34 $53,199.80 $1,470.93 $0.00 $300.80 $54,971.53
35 $54,971.53 $1,470.93 $0.00 $310.82 $56,753.28
36 $56,753.28 $1,470.93 $0.00 $320.89 $58,545.10
37 $58,545.10 $1,470.93 $0.00 $331.02 $60,347.05
38 $60,347.05 $1,470.93 $0.00 $341.21 $62,159.19
39 $62,159.19 $1,470.93 $0.00 $351.46 $63,981.58
40 $63,981.58 $1,470.93 $0.00 $361.76 $65,814.27
41 $65,814.27 $1,470.93 $0.00 $372.12 $67,657.32
42 $67,657.32 $1,470.93 $0.00 $382.54 $69,510.79
43 $69,510.79 $1,470.93 $0.00 $393.02 $71,374.74
44 $71,374.74 $1,470.93 $0.00 $403.56 $73,249.23
45 $73,249.23 $1,470.93 $0.00 $414.16 $75,134.32
46 $75,134.32 $1,470.93 $0.00 $424.82 $77,030.07
47 $77,030.07 $1,470.93 $0.00 $435.54 $78,936.54
48 $78,936.54 $1,470.93 $0.00 $446.32 $80,853.79
49 $80,853.79 $1,470.93 $0.00 $457.16 $82,781.88
50 $82,781.88 $1,470.93 $0.00 $468.06 $84,720.87
51 $84,720.87 $1,470.93 $0.00 $479.02 $86,670.82
52 $86,670.82 $1,470.93 $0.00 $490.05 $88,631.80
53 $88,631.80 $1,470.93 $0.00 $501.14 $90,603.87
54 $90,603.87 $1,470.93 $0.00 $512.29 $92,587.09
55 $92,587.09 $1,470.93 $0.00 $523.50 $94,581.52
56 $94,581.52 $1,470.93 $0.00 $534.78 $96,587.23
57 $96,587.23 $1,470.93 $0.00 $546.12 $98,604.28
58 $98,604.28 $1,470.93 $0.00 $557.52 $100,632.73
59 $100,632.73 $1,470.93 $0.00 $568.99 $102,672.65
60 $102,672.65 $1,470.93 $0.00 $580.53 $104,724.11
61 $104,724.11 $1,470.93 $0.00 $592.13 $106,787.17
62 $106,787.17 $1,470.93 $0.00 $603.79 $108,861.89
63 $108,861.89 $1,470.93 $0.00 $615.52 $110,948.34
64 $110,948.34 $1,470.93 $0.00 $627.32 $113,046.59
65 $113,046.59 $1,470.93 $0.00 $639.18 $115,156.70
66 $115,156.70 $1,470.93 $0.00 $651.11 $117,278.74
67 $117,278.74 $1,470.93 $0.00 $663.11 $119,412.78
68 $119,412.78 $1,470.93 $0.00 $675.18 $121,558.89
69 $121,558.89 $1,470.93 $0.00 $687.31 $123,717.13
70 $123,717.13 $1,470.93 $0.00 $699.51 $125,887.57
71 $125,887.57 $1,470.93 $0.00 $711.79 $128,070.29
72 $128,070.29 $1,470.93 $0.00 $724.13 $130,265.35
73 $130,265.35 $1,470.93 $0.00 $736.54 $132,472.82
74 $132,472.82 $1,470.93 $0.00 $749.02 $134,692.77
75 $134,692.77 $1,470.93 $0.00 $761.57 $136,925.27
76 $136,925.27 $1,470.93 $0.00 $774.20 $139,170.40
77 $139,170.40 $1,470.93 $0.00 $786.89 $141,428.22
78 $141,428.22 $1,470.93 $0.00 $799.66 $143,698.81
79 $143,698.81 $1,470.93 $0.00 $812.49 $145,982.23
80 $145,982.23 $1,470.93 $0.00 $825.40 $148,278.56
81 $148,278.56 $1,470.93 $0.00 $838.39 $150,587.88
82 $150,587.88 $1,470.93 $0.00 $851.45 $152,910.26
83 $152,910.26 $1,470.93 $0.00 $864.58 $155,245.77
84 $155,245.77 $1,470.93 $0.00 $877.78 $157,594.48
85 $157,594.48 $1,470.93 $0.00 $891.06 $159,956.47
86 $159,956.47 $1,470.93 $0.00 $904.42 $162,331.82
87 $162,331.82 $1,470.93 $0.00 $917.85 $164,720.60
88 $164,720.60 $1,470.93 $0.00 $931.35 $167,122.88
89 $167,122.88 $1,470.93 $0.00 $944.94 $169,538.75
90 $169,538.75 $1,470.93 $0.00 $958.60 $171,968.28
91 $171,968.28 $1,470.93 $0.00 $972.33 $174,411.54
92 $174,411.54 $1,470.93 $0.00 $986.15 $176,868.62
93 $176,868.62 $1,470.93 $0.00 $1,000.04 $179,339.59
94 $179,339.59 $1,470.93 $0.00 $1,014.01 $181,824.53
95 $181,824.53 $1,470.93 $0.00 $1,028.06 $184,323.52
96 $184,323.52 $1,470.93 $0.00 $1,042.19 $186,836.64
97 $186,836.64 $1,470.93 $0.00 $1,056.40 $189,363.97
98 $189,363.97 $1,470.93 $0.00 $1,070.69 $191,905.59
99 $191,905.59 $1,470.93 $0.00 $1,085.06 $194,461.58
100 $194,461.58 $1,470.93 $0.00 $1,099.51 $197,032.02
101 $197,032.02 $1,470.93 $0.00 $1,114.05 $199,617.00
102 $199,617.00 $1,470.93 $0.00 $1,128.66 $202,216.59
103 $202,216.59 $1,470.93 $0.00 $1,143.36 $204,830.88
104 $204,830.88 $1,470.93 $0.00 $1,158.14 $207,459.95
105 $207,459.95 $1,470.93 $0.00 $1,173.01 $210,103.89
106 $210,103.89 $1,470.93 $0.00 $1,187.96 $212,762.78
107 $212,762.78 $1,470.93 $0.00 $1,202.99 $215,436.70
108 $215,436.70 $1,470.93 $0.00 $1,218.11 $218,125.74
109 $218,125.74 $1,470.93 $0.00 $1,233.31 $220,829.98
110 $220,829.98 $1,470.93 $0.00 $1,248.60 $223,549.51
111 $223,549.51 $1,470.93 $0.00 $1,263.98 $226,284.42
112 $226,284.42 $1,470.93 $0.00 $1,279.45 $229,034.80
113 $229,034.80 $1,470.93 $0.00 $1,295.00 $231,800.73
114 $231,800.73 $1,470.93 $0.00 $1,310.64 $234,582.30
115 $234,582.30 $1,470.93 $0.00 $1,326.36 $237,379.59
116 $237,379.59 $1,470.93 $0.00 $1,342.18 $240,192.70
117 $240,192.70 $1,470.93 $0.00 $1,358.08 $243,021.71
118 $243,021.71 $1,470.93 $0.00 $1,374.08 $245,866.72
119 $245,866.72 $1,470.93 $0.00 $1,390.17 $248,727.82
120 $248,727.82 $1,470.93 $0.00 $1,406.34 $251,605.09
121 $251,605.09 $1,470.93 $0.00 $1,422.61 $254,498.63
122 $254,498.63 $1,470.93 $0.00 $1,438.97 $257,408.53
123 $257,408.53 $1,470.93 $0.00 $1,455.43 $260,334.89
124 $260,334.89 $1,470.93 $0.00 $1,471.97 $263,277.79
125 $263,277.79 $1,470.93 $0.00 $1,488.61 $266,237.33
126 $266,237.33 $1,470.93 $0.00 $1,505.34 $269,213.60
127 $269,213.60 $1,470.93 $0.00 $1,522.17 $272,206.70
128 $272,206.70 $1,470.93 $0.00 $1,539.10 $275,216.73
129 $275,216.73 $1,470.93 $0.00 $1,556.12 $278,243.78
130 $278,243.78 $1,470.93 $0.00 $1,573.23 $281,287.94
131 $281,287.94 $1,470.93 $0.00 $1,590.44 $284,349.31
132 $284,349.31 $1,470.93 $0.00 $1,607.75 $287,427.99
133 $287,427.99 $1,470.93 $0.00 $1,625.16 $290,524.08
134 $290,524.08 $1,470.93 $0.00 $1,642.67 $293,637.68
135 $293,637.68 $1,470.93 $0.00 $1,660.27 $296,768.88
136 $296,768.88 $1,470.93 $0.00 $1,677.97 $299,917.78
137 $299,917.78 $1,470.93 $0.00 $1,695.78 $303,084.49
138 $303,084.49 $1,470.93 $0.00 $1,713.68 $306,269.10
139 $306,269.10 $1,470.93 $0.00 $1,731.69 $309,471.72
140 $309,471.72 $1,470.93 $0.00 $1,749.80 $312,692.45
141 $312,692.45 $1,470.93 $0.00 $1,768.01 $315,931.39
142 $315,931.39 $1,470.93 $0.00 $1,786.32 $319,188.64
143 $319,188.64 $1,470.93 $0.00 $1,804.74 $322,464.31
144 $322,464.31 $1,470.93 $0.00 $1,823.26 $325,758.50
145 $325,758.50 $1,470.93 $0.00 $1,841.89 $329,071.32
146 $329,071.32 $1,470.93 $0.00 $1,860.62 $332,402.87
147 $332,402.87 $1,470.93 $0.00 $1,879.45 $335,753.25
148 $335,753.25 $1,470.93 $0.00 $1,898.40 $339,122.58
149 $339,122.58 $1,470.93 $0.00 $1,917.45 $342,510.96
150 $342,510.96 $1,470.93 $0.00 $1,936.61 $345,918.50
151 $345,918.50 $1,470.93 $0.00 $1,955.87 $349,345.30
152 $349,345.30 $1,470.93 $0.00 $1,975.25 $352,791.48
153 $352,791.48 $1,470.93 $0.00 $1,994.73 $356,257.14
154 $356,257.14 $1,470.93 $0.00 $2,014.33 $359,742.40
155 $359,742.40 $1,470.93 $0.00 $2,034.04 $363,247.37
156 $363,247.37 $1,470.93 $0.00 $2,053.85 $366,772.15
157 $366,772.15 $1,470.93 $0.00 $2,073.78 $370,316.86
158 $370,316.86 $1,470.93 $0.00 $2,093.83 $373,881.62
159 $373,881.62 $1,470.93 $0.00 $2,113.98 $377,466.53
160 $377,466.53 $1,470.93 $0.00 $2,134.25 $381,071.71
161 $381,071.71 $1,470.93 $0.00 $2,154.63 $384,697.27
162 $384,697.27 $1,470.93 $0.00 $2,175.13 $388,343.33
163 $388,343.33 $1,470.93 $0.00 $2,195.75 $392,010.01
164 $392,010.01 $1,470.93 $0.00 $2,216.48 $395,697.42
165 $395,697.42 $1,470.93 $0.00 $2,237.33 $399,405.68
166 $399,405.68 $1,470.93 $0.00 $2,258.30 $403,134.91
167 $403,134.91 $1,470.93 $0.00 $2,279.38 $406,885.22
168 $406,885.22 $1,470.93 $0.00 $2,300.59 $410,656.74
169 $410,656.74 $1,470.93 $0.00 $2,321.91 $414,449.58
170 $414,449.58 $1,470.93 $0.00 $2,343.36 $418,263.87
171 $418,263.87 $1,470.93 $0.00 $2,364.92 $422,099.72
172 $422,099.72 $1,470.93 $0.00 $2,386.61 $425,957.26
173 $425,957.26 $1,470.93 $0.00 $2,408.42 $429,836.61
174 $429,836.61 $1,470.93 $0.00 $2,430.36 $433,737.90
175 $433,737.90 $1,470.93 $0.00 $2,452.42 $437,661.25
176 $437,661.25 $1,470.93 $0.00 $2,474.60 $441,606.78
177 $441,606.78 $1,470.93 $0.00 $2,496.91 $445,574.62
178 $445,574.62 $1,470.93 $0.00 $2,519.34 $449,564.89
179 $449,564.89 $1,470.93 $0.00 $2,541.91 $453,577.73
180 $453,577.73 $1,470.93 $0.00 $2,564.59 $457,613.25
181 $457,613.25 $1,470.93 $0.00 $2,587.41 $461,671.59
182 $461,671.59 $1,470.93 $0.00 $2,610.36 $465,752.88
183 $465,752.88 $1,470.93 $0.00 $2,633.43 $469,857.24
184 $469,857.24 $1,470.93 $0.00 $2,656.64 $473,984.81
185 $473,984.81 $1,470.93 $0.00 $2,679.98 $478,135.72
186 $478,135.72 $1,470.93 $0.00 $2,703.45 $482,310.10
187 $482,310.10 $1,470.93 $0.00 $2,727.05 $486,508.08
188 $486,508.08 $1,470.93 $0.00 $2,750.79 $490,729.80
189 $490,729.80 $1,470.93 $0.00 $2,774.66 $494,975.39
190 $494,975.39 $1,470.93 $0.00 $2,798.66 $499,244.98
191 $499,244.98 $1,470.93 $0.00 $2,822.80 $503,538.71
192 $503,538.71 $1,470.93 $0.00 $2,847.08 $507,856.72
193 $507,856.72 $1,470.93 $0.00 $2,871.50 $512,199.15
194 $512,199.15 $1,470.93 $0.00 $2,896.05 $516,566.13
195 $516,566.13 $1,470.93 $0.00 $2,920.74 $520,957.80
196 $520,957.80 $1,470.93 $0.00 $2,945.57 $525,374.30
197 $525,374.30 $1,470.93 $0.00 $2,970.54 $529,815.77
198 $529,815.77 $1,470.93 $0.00 $2,995.66 $534,282.36
199 $534,282.36 $1,470.93 $0.00 $3,020.91 $538,774.20
200 $538,774.20 $1,470.93 $0.00 $3,046.31 $543,291.44
201 $543,291.44 $1,470.93 $0.00 $3,071.85 $547,834.22
202 $547,834.22 $1,470.93 $0.00 $3,097.53 $552,402.68
203 $552,402.68 $1,470.93 $0.00 $3,123.37 $556,996.98
204 $556,996.98 $1,470.93 $0.00 $3,149.34 $561,617.25
205 $561,617.25 $1,470.93 $0.00 $3,175.47 $566,263.65
206 $566,263.65 $1,470.93 $0.00 $3,201.74 $570,936.32
207 $570,936.32 $1,470.93 $0.00 $3,228.16 $575,635.41
208 $575,635.41 $1,470.93 $0.00 $3,254.73 $580,361.07
209 $580,361.07 $1,470.93 $0.00 $3,281.45 $585,113.45
210 $585,113.45 $1,470.93 $0.00 $3,308.32 $589,892.70
211 $589,892.70 $1,470.93 $0.00 $3,335.34 $594,698.97
212 $594,698.97 $1,470.93 $0.00 $3,362.51 $599,532.41
213 $599,532.41 $1,470.93 $0.00 $3,389.84 $604,393.18
214 $604,393.18 $1,470.93 $0.00 $3,417.33 $609,281.44
215 $609,281.44 $1,470.93 $0.00 $3,444.97 $614,197.34
216 $614,197.34 $1,470.93 $0.00 $3,472.76 $619,141.03
217 $619,141.03 $1,470.93 $172,451.11 $3,500.71 $451,661.56
218 $451,661.56 $1,470.93 $0.00 $2,553.76 $455,686.25
219 $455,686.25 $1,470.93 $0.00 $2,576.52 $459,733.70
220 $459,733.70 $1,470.93 $0.00 $2,599.40 $463,804.03
221 $463,804.03 $1,470.93 $0.00 $2,622.42 $467,897.38
222 $467,897.38 $1,470.93 $0.00 $2,645.56 $472,013.87
223 $472,013.87 $1,470.93 $0.00 $2,668.84 $476,153.64
224 $476,153.64 $1,470.93 $0.00 $2,692.24 $480,316.81
225 $480,316.81 $1,470.93 $0.00 $2,715.78 $484,503.52
226 $484,503.52 $1,470.93 $0.00 $2,739.45 $488,713.90
227 $488,713.90 $1,470.93 $0.00 $2,763.26 $492,948.09
228 $492,948.09 $1,470.93 $0.00 $2,787.20 $497,206.22
229 $497,206.22 $1,470.93 $181,073.67 $2,811.28 $320,414.76
230 $320,414.76 $1,470.93 $0.00 $1,811.67 $323,697.36
231 $323,697.36 $1,470.93 $0.00 $1,830.23 $326,998.52
232 $326,998.52 $1,470.93 $0.00 $1,848.90 $330,318.35
233 $330,318.35 $1,470.93 $0.00 $1,867.67 $333,656.95
234 $333,656.95 $1,470.93 $0.00 $1,886.54 $337,014.42
235 $337,014.42 $1,470.93 $0.00 $1,905.53 $340,390.88
236 $340,390.88 $1,470.93 $0.00 $1,924.62 $343,786.43
237 $343,786.43 $1,470.93 $0.00 $1,943.82 $347,201.18
238 $347,201.18 $1,470.93 $0.00 $1,963.13 $350,635.24
239 $350,635.24 $1,470.93 $0.00 $1,982.54 $354,088.71
240 $354,088.71 $1,470.93 $0.00 $2,002.07 $357,561.71
241 $357,561.71 $1,470.93 $190,127.35 $2,021.71 $170,927.00
242 $170,927.00 $1,470.93 $0.00 $966.45 $173,364.38
243 $173,364.38 $1,470.93 $0.00 $980.23 $175,815.54
244 $175,815.54 $1,470.93 $0.00 $994.09 $178,280.56
245 $178,280.56 $1,470.93 $0.00 $1,008.02 $180,759.51
246 $180,759.51 $1,470.93 $0.00 $1,022.04 $183,252.48
247 $183,252.48 $1,470.93 $0.00 $1,036.14 $185,759.55
248 $185,759.55 $1,470.93 $0.00 $1,050.31 $188,280.79
249 $188,280.79 $1,470.93 $0.00 $1,064.57 $190,816.29
250 $190,816.29 $1,470.93 $0.00 $1,078.90 $193,366.12
251 $193,366.12 $1,470.93 $0.00 $1,093.32 $195,930.37
252 $195,930.37 $1,470.93 $0.00 $1,107.82 $198,509.12
253 $198,509.12 $0.00 $199,633.72 $1,122.40 ($2.20)