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 2040$194,869
Monthly savings required$1,543

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 $779,476.66 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,542.55 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$75,146.00
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 $1,542.55 $0.00 $0.00 $1,542.55
2 $1,542.55 $1,542.55 $0.00 $8.72 $3,093.82
3 $3,093.82 $1,542.55 $0.00 $17.49 $4,653.86
4 $4,653.86 $1,542.55 $0.00 $26.31 $6,222.72
5 $6,222.72 $1,542.55 $0.00 $35.18 $7,800.45
6 $7,800.45 $1,542.55 $0.00 $44.10 $9,387.10
7 $9,387.10 $1,542.55 $0.00 $53.08 $10,982.73
8 $10,982.73 $1,542.55 $0.00 $62.10 $12,587.38
9 $12,587.38 $1,542.55 $0.00 $71.17 $14,201.10
10 $14,201.10 $1,542.55 $0.00 $80.30 $15,823.95
11 $15,823.95 $1,542.55 $0.00 $89.47 $17,455.97
12 $17,455.97 $1,542.55 $0.00 $98.70 $19,097.22
13 $19,097.22 $1,542.55 $0.00 $107.98 $20,747.75
14 $20,747.75 $1,542.55 $0.00 $117.31 $22,407.61
15 $22,407.61 $1,542.55 $0.00 $126.70 $24,076.86
16 $24,076.86 $1,542.55 $0.00 $136.13 $25,755.54
17 $25,755.54 $1,542.55 $0.00 $145.63 $27,443.72
18 $27,443.72 $1,542.55 $0.00 $155.17 $29,141.44
19 $29,141.44 $1,542.55 $0.00 $164.77 $30,848.76
20 $30,848.76 $1,542.55 $0.00 $174.42 $32,565.73
21 $32,565.73 $1,542.55 $0.00 $184.13 $34,292.41
22 $34,292.41 $1,542.55 $0.00 $193.89 $36,028.85
23 $36,028.85 $1,542.55 $0.00 $203.71 $37,775.11
24 $37,775.11 $1,542.55 $0.00 $213.59 $39,531.25
25 $39,531.25 $1,542.55 $0.00 $223.52 $41,297.32
26 $41,297.32 $1,542.55 $0.00 $233.50 $43,073.37
27 $43,073.37 $1,542.55 $0.00 $243.54 $44,859.46
28 $44,859.46 $1,542.55 $0.00 $253.64 $46,655.65
29 $46,655.65 $1,542.55 $0.00 $263.80 $48,462.00
30 $48,462.00 $1,542.55 $0.00 $274.01 $50,278.56
31 $50,278.56 $1,542.55 $0.00 $284.28 $52,105.39
32 $52,105.39 $1,542.55 $0.00 $294.61 $53,942.55
33 $53,942.55 $1,542.55 $0.00 $305.00 $55,790.10
34 $55,790.10 $1,542.55 $0.00 $315.45 $57,648.10
35 $57,648.10 $1,542.55 $0.00 $325.95 $59,516.60
36 $59,516.60 $1,542.55 $0.00 $336.52 $61,395.67
37 $61,395.67 $1,542.55 $0.00 $347.14 $63,285.36
38 $63,285.36 $1,542.55 $0.00 $357.82 $65,185.73
39 $65,185.73 $1,542.55 $0.00 $368.57 $67,096.85
40 $67,096.85 $1,542.55 $0.00 $379.38 $69,018.78
41 $69,018.78 $1,542.55 $0.00 $390.24 $70,951.57
42 $70,951.57 $1,542.55 $0.00 $401.17 $72,895.29
43 $72,895.29 $1,542.55 $0.00 $412.16 $74,850.00
44 $74,850.00 $1,542.55 $0.00 $423.21 $76,815.76
45 $76,815.76 $1,542.55 $0.00 $434.33 $78,792.64
46 $78,792.64 $1,542.55 $0.00 $445.51 $80,780.70
47 $80,780.70 $1,542.55 $0.00 $456.75 $82,780.00
48 $82,780.00 $1,542.55 $0.00 $468.05 $84,790.60
49 $84,790.60 $1,542.55 $0.00 $479.42 $86,812.57
50 $86,812.57 $1,542.55 $0.00 $490.85 $88,845.97
51 $88,845.97 $1,542.55 $0.00 $502.35 $90,890.87
52 $90,890.87 $1,542.55 $0.00 $513.91 $92,947.33
53 $92,947.33 $1,542.55 $0.00 $525.54 $95,015.42
54 $95,015.42 $1,542.55 $0.00 $537.23 $97,095.20
55 $97,095.20 $1,542.55 $0.00 $548.99 $99,186.74
56 $99,186.74 $1,542.55 $0.00 $560.82 $101,290.11
57 $101,290.11 $1,542.55 $0.00 $572.71 $103,405.37
58 $103,405.37 $1,542.55 $0.00 $584.67 $105,532.59
59 $105,532.59 $1,542.55 $0.00 $596.70 $107,671.84
60 $107,671.84 $1,542.55 $0.00 $608.79 $109,823.18
61 $109,823.18 $1,542.55 $0.00 $620.96 $111,986.69
62 $111,986.69 $1,542.55 $0.00 $633.19 $114,162.43
63 $114,162.43 $1,542.55 $0.00 $645.49 $116,350.47
64 $116,350.47 $1,542.55 $0.00 $657.86 $118,550.88
65 $118,550.88 $1,542.55 $0.00 $670.30 $120,763.73
66 $120,763.73 $1,542.55 $0.00 $682.82 $122,989.10
67 $122,989.10 $1,542.55 $0.00 $695.40 $125,227.05
68 $125,227.05 $1,542.55 $0.00 $708.05 $127,477.65
69 $127,477.65 $1,542.55 $0.00 $720.78 $129,740.98
70 $129,740.98 $1,542.55 $0.00 $733.57 $132,017.10
71 $132,017.10 $1,542.55 $0.00 $746.44 $134,306.09
72 $134,306.09 $1,542.55 $0.00 $759.39 $136,608.03
73 $136,608.03 $1,542.55 $0.00 $772.40 $138,922.98
74 $138,922.98 $1,542.55 $0.00 $785.49 $141,251.02
75 $141,251.02 $1,542.55 $0.00 $798.65 $143,592.22
76 $143,592.22 $1,542.55 $0.00 $811.89 $145,946.66
77 $145,946.66 $1,542.55 $0.00 $825.20 $148,314.41
78 $148,314.41 $1,542.55 $0.00 $838.59 $150,695.55
79 $150,695.55 $1,542.55 $0.00 $852.05 $153,090.15
80 $153,090.15 $1,542.55 $0.00 $865.59 $155,498.29
81 $155,498.29 $1,542.55 $0.00 $879.21 $157,920.05
82 $157,920.05 $1,542.55 $0.00 $892.90 $160,355.50
83 $160,355.50 $1,542.55 $0.00 $906.67 $162,804.72
84 $162,804.72 $1,542.55 $0.00 $920.52 $165,267.79
85 $165,267.79 $1,542.55 $0.00 $934.45 $167,744.79
86 $167,744.79 $1,542.55 $0.00 $948.45 $170,235.79
87 $170,235.79 $1,542.55 $0.00 $962.54 $172,740.88
88 $172,740.88 $1,542.55 $0.00 $976.70 $175,260.13
89 $175,260.13 $1,542.55 $0.00 $990.95 $177,793.63
90 $177,793.63 $1,542.55 $0.00 $1,005.27 $180,341.45
91 $180,341.45 $1,542.55 $0.00 $1,019.68 $182,903.68
92 $182,903.68 $1,542.55 $0.00 $1,034.16 $185,480.39
93 $185,480.39 $1,542.55 $0.00 $1,048.73 $188,071.67
94 $188,071.67 $1,542.55 $0.00 $1,063.38 $190,677.60
95 $190,677.60 $1,542.55 $0.00 $1,078.12 $193,298.27
96 $193,298.27 $1,542.55 $0.00 $1,092.94 $195,933.76
97 $195,933.76 $1,542.55 $0.00 $1,107.84 $198,584.15
98 $198,584.15 $1,542.55 $0.00 $1,122.82 $201,249.52
99 $201,249.52 $1,542.55 $0.00 $1,137.89 $203,929.96
100 $203,929.96 $1,542.55 $0.00 $1,153.05 $206,625.56
101 $206,625.56 $1,542.55 $0.00 $1,168.29 $209,336.40
102 $209,336.40 $1,542.55 $0.00 $1,183.62 $212,062.57
103 $212,062.57 $1,542.55 $0.00 $1,199.03 $214,804.15
104 $214,804.15 $1,542.55 $0.00 $1,214.53 $217,561.23
105 $217,561.23 $1,542.55 $0.00 $1,230.12 $220,333.90
106 $220,333.90 $1,542.55 $0.00 $1,245.80 $223,122.25
107 $223,122.25 $1,542.55 $0.00 $1,261.57 $225,926.37
108 $225,926.37 $1,542.55 $0.00 $1,277.42 $228,746.34
109 $228,746.34 $1,542.55 $0.00 $1,293.37 $231,582.26
110 $231,582.26 $1,542.55 $0.00 $1,309.40 $234,434.21
111 $234,434.21 $1,542.55 $0.00 $1,325.53 $237,302.29
112 $237,302.29 $1,542.55 $0.00 $1,341.74 $240,186.58
113 $240,186.58 $1,542.55 $0.00 $1,358.05 $243,087.18
114 $243,087.18 $1,542.55 $0.00 $1,374.45 $246,004.18
115 $246,004.18 $1,542.55 $0.00 $1,390.94 $248,937.67
116 $248,937.67 $1,542.55 $0.00 $1,407.53 $251,887.75
117 $251,887.75 $1,542.55 $0.00 $1,424.21 $254,854.51
118 $254,854.51 $1,542.55 $0.00 $1,440.98 $257,838.04
119 $257,838.04 $1,542.55 $0.00 $1,457.85 $260,838.44
120 $260,838.44 $1,542.55 $0.00 $1,474.82 $263,855.81
121 $263,855.81 $1,542.55 $0.00 $1,491.88 $266,890.24
122 $266,890.24 $1,542.55 $0.00 $1,509.04 $269,941.83
123 $269,941.83 $1,542.55 $0.00 $1,526.29 $273,010.67
124 $273,010.67 $1,542.55 $0.00 $1,543.64 $276,096.86
125 $276,096.86 $1,542.55 $0.00 $1,561.09 $279,200.50
126 $279,200.50 $1,542.55 $0.00 $1,578.64 $282,321.69
127 $282,321.69 $1,542.55 $0.00 $1,596.29 $285,460.53
128 $285,460.53 $1,542.55 $0.00 $1,614.04 $288,617.12
129 $288,617.12 $1,542.55 $0.00 $1,631.88 $291,791.55
130 $291,791.55 $1,542.55 $0.00 $1,649.83 $294,983.93
131 $294,983.93 $1,542.55 $0.00 $1,667.88 $298,194.36
132 $298,194.36 $1,542.55 $0.00 $1,686.03 $301,422.94
133 $301,422.94 $1,542.55 $0.00 $1,704.29 $304,669.78
134 $304,669.78 $1,542.55 $0.00 $1,722.65 $307,934.98
135 $307,934.98 $1,542.55 $0.00 $1,741.11 $311,218.64
136 $311,218.64 $1,542.55 $0.00 $1,759.68 $314,520.87
137 $314,520.87 $1,542.55 $0.00 $1,778.35 $317,841.77
138 $317,841.77 $1,542.55 $0.00 $1,797.12 $321,181.44
139 $321,181.44 $1,542.55 $0.00 $1,816.01 $324,540.00
140 $324,540.00 $1,542.55 $0.00 $1,835.00 $327,917.55
141 $327,917.55 $1,542.55 $0.00 $1,854.09 $331,314.19
142 $331,314.19 $1,542.55 $0.00 $1,873.30 $334,730.04
143 $334,730.04 $1,542.55 $0.00 $1,892.61 $338,165.20
144 $338,165.20 $1,542.55 $0.00 $1,912.04 $341,619.79
145 $341,619.79 $1,542.55 $0.00 $1,931.57 $345,093.91
146 $345,093.91 $1,542.55 $0.00 $1,951.21 $348,587.67
147 $348,587.67 $1,542.55 $0.00 $1,970.97 $352,101.19
148 $352,101.19 $1,542.55 $0.00 $1,990.83 $355,634.57
149 $355,634.57 $1,542.55 $0.00 $2,010.81 $359,187.93
150 $359,187.93 $1,542.55 $0.00 $2,030.90 $362,761.38
151 $362,761.38 $1,542.55 $0.00 $2,051.11 $366,355.04
152 $366,355.04 $1,542.55 $0.00 $2,071.42 $369,969.01
153 $369,969.01 $1,542.55 $0.00 $2,091.86 $373,603.42
154 $373,603.42 $1,542.55 $0.00 $2,112.41 $377,258.38
155 $377,258.38 $1,542.55 $0.00 $2,133.07 $380,934.00
156 $380,934.00 $1,542.55 $0.00 $2,153.86 $384,630.41
157 $384,630.41 $1,542.55 $0.00 $2,174.76 $388,347.72
158 $388,347.72 $1,542.55 $0.00 $2,195.77 $392,086.04
159 $392,086.04 $1,542.55 $0.00 $2,216.91 $395,845.50
160 $395,845.50 $1,542.55 $0.00 $2,238.17 $399,626.22
161 $399,626.22 $1,542.55 $0.00 $2,259.54 $403,428.31
162 $403,428.31 $1,542.55 $0.00 $2,281.04 $407,251.90
163 $407,251.90 $1,542.55 $0.00 $2,302.66 $411,097.11
164 $411,097.11 $1,542.55 $0.00 $2,324.40 $414,964.06
165 $414,964.06 $1,542.55 $0.00 $2,346.27 $418,852.88
166 $418,852.88 $1,542.55 $0.00 $2,368.26 $422,763.69
167 $422,763.69 $1,542.55 $0.00 $2,390.37 $426,696.61
168 $426,696.61 $1,542.55 $0.00 $2,412.60 $430,651.76
169 $430,651.76 $1,542.55 $0.00 $2,434.97 $434,629.28
170 $434,629.28 $1,542.55 $0.00 $2,457.46 $438,629.29
171 $438,629.29 $1,542.55 $0.00 $2,480.07 $442,651.91
172 $442,651.91 $1,542.55 $0.00 $2,502.82 $446,697.28
173 $446,697.28 $1,542.55 $0.00 $2,525.69 $450,765.52
174 $450,765.52 $1,542.55 $0.00 $2,548.69 $454,856.76
175 $454,856.76 $1,542.55 $0.00 $2,571.83 $458,971.14
176 $458,971.14 $1,542.55 $0.00 $2,595.09 $463,108.78
177 $463,108.78 $1,542.55 $0.00 $2,618.48 $467,269.81
178 $467,269.81 $1,542.55 $0.00 $2,642.01 $471,454.37
179 $471,454.37 $1,542.55 $0.00 $2,665.67 $475,662.59
180 $475,662.59 $1,542.55 $0.00 $2,689.47 $479,894.61
181 $479,894.61 $1,542.55 $0.00 $2,713.39 $484,150.55
182 $484,150.55 $1,542.55 $0.00 $2,737.46 $488,430.56
183 $488,430.56 $1,542.55 $0.00 $2,761.66 $492,734.77
184 $492,734.77 $1,542.55 $0.00 $2,785.99 $497,063.31
185 $497,063.31 $1,542.55 $0.00 $2,810.47 $501,416.33
186 $501,416.33 $1,542.55 $0.00 $2,835.08 $505,793.96
187 $505,793.96 $1,542.55 $0.00 $2,859.83 $510,196.34
188 $510,196.34 $1,542.55 $0.00 $2,884.72 $514,623.61
189 $514,623.61 $1,542.55 $0.00 $2,909.76 $519,075.92
190 $519,075.92 $1,542.55 $0.00 $2,934.93 $523,553.40
191 $523,553.40 $1,542.55 $0.00 $2,960.25 $528,056.20
192 $528,056.20 $1,542.55 $0.00 $2,985.71 $532,584.46
193 $532,584.46 $1,542.55 $0.00 $3,011.31 $537,138.32
194 $537,138.32 $1,542.55 $0.00 $3,037.06 $541,717.93
195 $541,717.93 $1,542.55 $0.00 $3,062.95 $546,323.43
196 $546,323.43 $1,542.55 $0.00 $3,088.99 $550,954.97
197 $550,954.97 $1,542.55 $0.00 $3,115.18 $555,612.70
198 $555,612.70 $1,542.55 $0.00 $3,141.51 $560,296.76
199 $560,296.76 $1,542.55 $0.00 $3,168.00 $565,007.31
200 $565,007.31 $1,542.55 $0.00 $3,194.63 $569,744.49
201 $569,744.49 $1,542.55 $0.00 $3,221.42 $574,508.46
202 $574,508.46 $1,542.55 $0.00 $3,248.35 $579,299.36
203 $579,299.36 $1,542.55 $0.00 $3,275.44 $584,117.35
204 $584,117.35 $1,542.55 $0.00 $3,302.68 $588,962.58
205 $588,962.58 $1,542.55 $0.00 $3,330.08 $593,835.21
206 $593,835.21 $1,542.55 $0.00 $3,357.63 $598,735.39
207 $598,735.39 $1,542.55 $0.00 $3,385.34 $603,663.28
208 $603,663.28 $1,542.55 $0.00 $3,413.20 $608,619.03
209 $608,619.03 $1,542.55 $0.00 $3,441.22 $613,602.80
210 $613,602.80 $1,542.55 $0.00 $3,469.40 $618,614.75
211 $618,614.75 $1,542.55 $0.00 $3,497.74 $623,655.04
212 $623,655.04 $1,542.55 $0.00 $3,526.24 $628,723.83
213 $628,723.83 $1,542.55 $0.00 $3,554.90 $633,821.28
214 $633,821.28 $1,542.55 $0.00 $3,583.72 $638,947.55
215 $638,947.55 $1,542.55 $0.00 $3,612.70 $644,102.80
216 $644,102.80 $1,542.55 $0.00 $3,641.85 $649,287.20
217 $649,287.20 $1,542.55 $180,847.81 $3,671.16 $473,653.10
218 $473,653.10 $1,542.55 $0.00 $2,678.10 $477,873.75
219 $477,873.75 $1,542.55 $0.00 $2,701.97 $482,118.27
220 $482,118.27 $1,542.55 $0.00 $2,725.97 $486,386.79
221 $486,386.79 $1,542.55 $0.00 $2,750.10 $490,679.44
222 $490,679.44 $1,542.55 $0.00 $2,774.37 $494,996.36
223 $494,996.36 $1,542.55 $0.00 $2,798.78 $499,337.69
224 $499,337.69 $1,542.55 $0.00 $2,823.33 $503,703.57
225 $503,703.57 $1,542.55 $0.00 $2,848.01 $508,094.13
226 $508,094.13 $1,542.55 $0.00 $2,872.84 $512,509.52
227 $512,509.52 $1,542.55 $0.00 $2,897.80 $516,949.87
228 $516,949.87 $1,542.55 $0.00 $2,922.91 $521,415.33
229 $521,415.33 $1,542.55 $189,890.20 $2,948.16 $336,015.84
230 $336,015.84 $1,542.55 $0.00 $1,899.88 $339,458.27
231 $339,458.27 $1,542.55 $0.00 $1,919.35 $342,920.17
232 $342,920.17 $1,542.55 $0.00 $1,938.92 $346,401.64
233 $346,401.64 $1,542.55 $0.00 $1,958.61 $349,902.80
234 $349,902.80 $1,542.55 $0.00 $1,978.40 $353,423.75
235 $353,423.75 $1,542.55 $0.00 $1,998.31 $356,964.61
236 $356,964.61 $1,542.55 $0.00 $2,018.33 $360,525.49
237 $360,525.49 $1,542.55 $0.00 $2,038.46 $364,106.50
238 $364,106.50 $1,542.55 $0.00 $2,058.71 $367,707.76
239 $367,707.76 $1,542.55 $0.00 $2,079.07 $371,329.38
240 $371,329.38 $1,542.55 $0.00 $2,099.55 $374,971.48
241 $374,971.48 $1,542.55 $199,384.71 $2,120.14 $179,249.46
242 $179,249.46 $1,542.55 $0.00 $1,013.50 $181,805.51
243 $181,805.51 $1,542.55 $0.00 $1,027.95 $184,376.01
244 $184,376.01 $1,542.55 $0.00 $1,042.49 $186,961.05
245 $186,961.05 $1,542.55 $0.00 $1,057.10 $189,560.70
246 $189,560.70 $1,542.55 $0.00 $1,071.80 $192,175.05
247 $192,175.05 $1,542.55 $0.00 $1,086.59 $194,804.19
248 $194,804.19 $1,542.55 $0.00 $1,101.45 $197,448.19
249 $197,448.19 $1,542.55 $0.00 $1,116.40 $200,107.14
250 $200,107.14 $1,542.55 $0.00 $1,131.43 $202,781.12
251 $202,781.12 $1,542.55 $0.00 $1,146.55 $205,470.22
252 $205,470.22 $1,542.55 $0.00 $1,161.76 $208,174.53
253 $208,174.53 $0.00 $209,353.94 $1,177.05 ($2.36)