Savings Plan and Future Cost Estimation for Geneva College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$167,475
Monthly savings required$1,324

How much will it cost to send your child to Geneva College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $669,899.38 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,323.59 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$44,640.00
Years until enrollment18
Annual Tuition Increase7%
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 $1,323.59 $0.00 $0.00 $1,323.59
2 $1,323.59 $1,323.59 $0.00 $7.48 $2,654.66
3 $2,654.66 $1,323.59 $0.00 $15.01 $3,993.26
4 $3,993.26 $1,323.59 $0.00 $22.58 $5,339.43
5 $5,339.43 $1,323.59 $0.00 $30.19 $6,693.21
6 $6,693.21 $1,323.59 $0.00 $37.84 $8,054.64
7 $8,054.64 $1,323.59 $0.00 $45.54 $9,423.77
8 $9,423.77 $1,323.59 $0.00 $53.28 $10,800.64
9 $10,800.64 $1,323.59 $0.00 $61.07 $12,185.30
10 $12,185.30 $1,323.59 $0.00 $68.90 $13,577.79
11 $13,577.79 $1,323.59 $0.00 $76.77 $14,978.15
12 $14,978.15 $1,323.59 $0.00 $84.69 $16,386.43
13 $16,386.43 $1,323.59 $0.00 $92.65 $17,802.67
14 $17,802.67 $1,323.59 $0.00 $100.66 $19,226.92
15 $19,226.92 $1,323.59 $0.00 $108.71 $20,659.22
16 $20,659.22 $1,323.59 $0.00 $116.81 $22,099.62
17 $22,099.62 $1,323.59 $0.00 $124.95 $23,548.16
18 $23,548.16 $1,323.59 $0.00 $133.14 $25,004.89
19 $25,004.89 $1,323.59 $0.00 $141.38 $26,469.86
20 $26,469.86 $1,323.59 $0.00 $149.66 $27,943.11
21 $27,943.11 $1,323.59 $0.00 $157.99 $29,424.69
22 $29,424.69 $1,323.59 $0.00 $166.37 $30,914.65
23 $30,914.65 $1,323.59 $0.00 $174.80 $32,413.04
24 $32,413.04 $1,323.59 $0.00 $183.27 $33,919.90
25 $33,919.90 $1,323.59 $0.00 $191.79 $35,435.28
26 $35,435.28 $1,323.59 $0.00 $200.36 $36,959.23
27 $36,959.23 $1,323.59 $0.00 $208.97 $38,491.79
28 $38,491.79 $1,323.59 $0.00 $217.64 $40,033.02
29 $40,033.02 $1,323.59 $0.00 $226.35 $41,582.96
30 $41,582.96 $1,323.59 $0.00 $235.12 $43,141.67
31 $43,141.67 $1,323.59 $0.00 $243.93 $44,709.19
32 $44,709.19 $1,323.59 $0.00 $252.79 $46,285.57
33 $46,285.57 $1,323.59 $0.00 $261.71 $47,870.87
34 $47,870.87 $1,323.59 $0.00 $270.67 $49,465.13
35 $49,465.13 $1,323.59 $0.00 $279.68 $51,068.40
36 $51,068.40 $1,323.59 $0.00 $288.75 $52,680.74
37 $52,680.74 $1,323.59 $0.00 $297.86 $54,302.19
38 $54,302.19 $1,323.59 $0.00 $307.03 $55,932.81
39 $55,932.81 $1,323.59 $0.00 $316.25 $57,572.65
40 $57,572.65 $1,323.59 $0.00 $325.52 $59,221.76
41 $59,221.76 $1,323.59 $0.00 $334.85 $60,880.20
42 $60,880.20 $1,323.59 $0.00 $344.23 $62,548.02
43 $62,548.02 $1,323.59 $0.00 $353.66 $64,225.27
44 $64,225.27 $1,323.59 $0.00 $363.14 $65,912.00
45 $65,912.00 $1,323.59 $0.00 $372.68 $67,608.27
46 $67,608.27 $1,323.59 $0.00 $382.27 $69,314.13
47 $69,314.13 $1,323.59 $0.00 $391.91 $71,029.63
48 $71,029.63 $1,323.59 $0.00 $401.61 $72,754.83
49 $72,754.83 $1,323.59 $0.00 $411.37 $74,489.79
50 $74,489.79 $1,323.59 $0.00 $421.18 $76,234.56
51 $76,234.56 $1,323.59 $0.00 $431.04 $77,989.19
52 $77,989.19 $1,323.59 $0.00 $440.96 $79,753.74
53 $79,753.74 $1,323.59 $0.00 $450.94 $81,528.27
54 $81,528.27 $1,323.59 $0.00 $460.97 $83,312.83
55 $83,312.83 $1,323.59 $0.00 $471.06 $85,107.48
56 $85,107.48 $1,323.59 $0.00 $481.21 $86,912.28
57 $86,912.28 $1,323.59 $0.00 $491.41 $88,727.28
58 $88,727.28 $1,323.59 $0.00 $501.68 $90,552.55
59 $90,552.55 $1,323.59 $0.00 $512.00 $92,388.14
60 $92,388.14 $1,323.59 $0.00 $522.38 $94,234.11
61 $94,234.11 $1,323.59 $0.00 $532.81 $96,090.51
62 $96,090.51 $1,323.59 $0.00 $543.31 $97,957.41
63 $97,957.41 $1,323.59 $0.00 $553.87 $99,834.87
64 $99,834.87 $1,323.59 $0.00 $564.48 $101,722.94
65 $101,722.94 $1,323.59 $0.00 $575.16 $103,621.69
66 $103,621.69 $1,323.59 $0.00 $585.89 $105,531.17
67 $105,531.17 $1,323.59 $0.00 $596.69 $107,451.45
68 $107,451.45 $1,323.59 $0.00 $607.55 $109,382.59
69 $109,382.59 $1,323.59 $0.00 $618.47 $111,324.65
70 $111,324.65 $1,323.59 $0.00 $629.45 $113,277.69
71 $113,277.69 $1,323.59 $0.00 $640.49 $115,241.77
72 $115,241.77 $1,323.59 $0.00 $651.59 $117,216.95
73 $117,216.95 $1,323.59 $0.00 $662.76 $119,203.30
74 $119,203.30 $1,323.59 $0.00 $673.99 $121,200.88
75 $121,200.88 $1,323.59 $0.00 $685.29 $123,209.76
76 $123,209.76 $1,323.59 $0.00 $696.65 $125,230.00
77 $125,230.00 $1,323.59 $0.00 $708.07 $127,261.66
78 $127,261.66 $1,323.59 $0.00 $719.56 $129,304.81
79 $129,304.81 $1,323.59 $0.00 $731.11 $131,359.51
80 $131,359.51 $1,323.59 $0.00 $742.73 $133,425.83
81 $133,425.83 $1,323.59 $0.00 $754.41 $135,503.83
82 $135,503.83 $1,323.59 $0.00 $766.16 $137,593.58
83 $137,593.58 $1,323.59 $0.00 $777.97 $139,695.14
84 $139,695.14 $1,323.59 $0.00 $789.86 $141,808.59
85 $141,808.59 $1,323.59 $0.00 $801.81 $143,933.99
86 $143,933.99 $1,323.59 $0.00 $813.82 $146,071.40
87 $146,071.40 $1,323.59 $0.00 $825.91 $148,220.90
88 $148,220.90 $1,323.59 $0.00 $838.06 $150,382.55
89 $150,382.55 $1,323.59 $0.00 $850.28 $152,556.42
90 $152,556.42 $1,323.59 $0.00 $862.58 $154,742.59
91 $154,742.59 $1,323.59 $0.00 $874.94 $156,941.12
92 $156,941.12 $1,323.59 $0.00 $887.37 $159,152.08
93 $159,152.08 $1,323.59 $0.00 $899.87 $161,375.54
94 $161,375.54 $1,323.59 $0.00 $912.44 $163,611.57
95 $163,611.57 $1,323.59 $0.00 $925.08 $165,860.24
96 $165,860.24 $1,323.59 $0.00 $937.80 $168,121.63
97 $168,121.63 $1,323.59 $0.00 $950.58 $170,395.80
98 $170,395.80 $1,323.59 $0.00 $963.44 $172,682.83
99 $172,682.83 $1,323.59 $0.00 $976.37 $174,982.79
100 $174,982.79 $1,323.59 $0.00 $989.38 $177,295.76
101 $177,295.76 $1,323.59 $0.00 $1,002.46 $179,621.81
102 $179,621.81 $1,323.59 $0.00 $1,015.61 $181,961.01
103 $181,961.01 $1,323.59 $0.00 $1,028.83 $184,313.43
104 $184,313.43 $1,323.59 $0.00 $1,042.13 $186,679.15
105 $186,679.15 $1,323.59 $0.00 $1,055.51 $189,058.25
106 $189,058.25 $1,323.59 $0.00 $1,068.96 $191,450.80
107 $191,450.80 $1,323.59 $0.00 $1,082.49 $193,856.88
108 $193,856.88 $1,323.59 $0.00 $1,096.09 $196,276.56
109 $196,276.56 $1,323.59 $0.00 $1,109.78 $198,709.93
110 $198,709.93 $1,323.59 $0.00 $1,123.53 $201,157.05
111 $201,157.05 $1,323.59 $0.00 $1,137.37 $203,618.01
112 $203,618.01 $1,323.59 $0.00 $1,151.29 $206,092.89
113 $206,092.89 $1,323.59 $0.00 $1,165.28 $208,581.76
114 $208,581.76 $1,323.59 $0.00 $1,179.35 $211,084.70
115 $211,084.70 $1,323.59 $0.00 $1,193.50 $213,601.79
116 $213,601.79 $1,323.59 $0.00 $1,207.74 $216,133.12
117 $216,133.12 $1,323.59 $0.00 $1,222.05 $218,678.76
118 $218,678.76 $1,323.59 $0.00 $1,236.44 $221,238.79
119 $221,238.79 $1,323.59 $0.00 $1,250.92 $223,813.30
120 $223,813.30 $1,323.59 $0.00 $1,265.47 $226,402.36
121 $226,402.36 $1,323.59 $0.00 $1,280.11 $229,006.06
122 $229,006.06 $1,323.59 $0.00 $1,294.83 $231,624.48
123 $231,624.48 $1,323.59 $0.00 $1,309.64 $234,257.71
124 $234,257.71 $1,323.59 $0.00 $1,324.53 $236,905.83
125 $236,905.83 $1,323.59 $0.00 $1,339.50 $239,568.92
126 $239,568.92 $1,323.59 $0.00 $1,354.56 $242,247.07
127 $242,247.07 $1,323.59 $0.00 $1,369.70 $244,940.36
128 $244,940.36 $1,323.59 $0.00 $1,384.93 $247,648.88
129 $247,648.88 $1,323.59 $0.00 $1,400.24 $250,372.71
130 $250,372.71 $1,323.59 $0.00 $1,415.64 $253,111.94
131 $253,111.94 $1,323.59 $0.00 $1,431.13 $255,866.66
132 $255,866.66 $1,323.59 $0.00 $1,446.71 $258,636.96
133 $258,636.96 $1,323.59 $0.00 $1,462.37 $261,422.92
134 $261,422.92 $1,323.59 $0.00 $1,478.12 $264,224.63
135 $264,224.63 $1,323.59 $0.00 $1,493.96 $267,042.18
136 $267,042.18 $1,323.59 $0.00 $1,509.90 $269,875.67
137 $269,875.67 $1,323.59 $0.00 $1,525.92 $272,725.18
138 $272,725.18 $1,323.59 $0.00 $1,542.03 $275,590.80
139 $275,590.80 $1,323.59 $0.00 $1,558.23 $278,472.62
140 $278,472.62 $1,323.59 $0.00 $1,574.52 $281,370.73
141 $281,370.73 $1,323.59 $0.00 $1,590.91 $284,285.23
142 $284,285.23 $1,323.59 $0.00 $1,607.39 $287,216.21
143 $287,216.21 $1,323.59 $0.00 $1,623.96 $290,163.76
144 $290,163.76 $1,323.59 $0.00 $1,640.63 $293,127.98
145 $293,127.98 $1,323.59 $0.00 $1,657.39 $296,108.96
146 $296,108.96 $1,323.59 $0.00 $1,674.24 $299,106.79
147 $299,106.79 $1,323.59 $0.00 $1,691.19 $302,121.57
148 $302,121.57 $1,323.59 $0.00 $1,708.24 $305,153.40
149 $305,153.40 $1,323.59 $0.00 $1,725.38 $308,202.37
150 $308,202.37 $1,323.59 $0.00 $1,742.62 $311,268.58
151 $311,268.58 $1,323.59 $0.00 $1,759.96 $314,352.13
152 $314,352.13 $1,323.59 $0.00 $1,777.39 $317,453.11
153 $317,453.11 $1,323.59 $0.00 $1,794.93 $320,571.63
154 $320,571.63 $1,323.59 $0.00 $1,812.56 $323,707.78
155 $323,707.78 $1,323.59 $0.00 $1,830.29 $326,861.66
156 $326,861.66 $1,323.59 $0.00 $1,848.12 $330,033.37
157 $330,033.37 $1,323.59 $0.00 $1,866.06 $333,223.02
158 $333,223.02 $1,323.59 $0.00 $1,884.09 $336,430.70
159 $336,430.70 $1,323.59 $0.00 $1,902.23 $339,656.52
160 $339,656.52 $1,323.59 $0.00 $1,920.47 $342,900.58
161 $342,900.58 $1,323.59 $0.00 $1,938.81 $346,162.98
162 $346,162.98 $1,323.59 $0.00 $1,957.26 $349,443.83
163 $349,443.83 $1,323.59 $0.00 $1,975.81 $352,743.23
164 $352,743.23 $1,323.59 $0.00 $1,994.46 $356,061.28
165 $356,061.28 $1,323.59 $0.00 $2,013.22 $359,398.09
166 $359,398.09 $1,323.59 $0.00 $2,032.09 $362,753.77
167 $362,753.77 $1,323.59 $0.00 $2,051.06 $366,128.42
168 $366,128.42 $1,323.59 $0.00 $2,070.14 $369,522.15
169 $369,522.15 $1,323.59 $0.00 $2,089.33 $372,935.07
170 $372,935.07 $1,323.59 $0.00 $2,108.63 $376,367.29
171 $376,367.29 $1,323.59 $0.00 $2,128.04 $379,818.92
172 $379,818.92 $1,323.59 $0.00 $2,147.55 $383,290.06
173 $383,290.06 $1,323.59 $0.00 $2,167.18 $386,780.83
174 $386,780.83 $1,323.59 $0.00 $2,186.92 $390,291.34
175 $390,291.34 $1,323.59 $0.00 $2,206.76 $393,821.69
176 $393,821.69 $1,323.59 $0.00 $2,226.73 $397,372.01
177 $397,372.01 $1,323.59 $0.00 $2,246.80 $400,942.40
178 $400,942.40 $1,323.59 $0.00 $2,266.99 $404,532.98
179 $404,532.98 $1,323.59 $0.00 $2,287.29 $408,143.86
180 $408,143.86 $1,323.59 $0.00 $2,307.70 $411,775.15
181 $411,775.15 $1,323.59 $0.00 $2,328.24 $415,426.98
182 $415,426.98 $1,323.59 $0.00 $2,348.88 $419,099.45
183 $419,099.45 $1,323.59 $0.00 $2,369.65 $422,792.69
184 $422,792.69 $1,323.59 $0.00 $2,390.53 $426,506.81
185 $426,506.81 $1,323.59 $0.00 $2,411.53 $430,241.93
186 $430,241.93 $1,323.59 $0.00 $2,432.65 $433,998.17
187 $433,998.17 $1,323.59 $0.00 $2,453.89 $437,775.65
188 $437,775.65 $1,323.59 $0.00 $2,475.25 $441,574.49
189 $441,574.49 $1,323.59 $0.00 $2,496.73 $445,394.81
190 $445,394.81 $1,323.59 $0.00 $2,518.33 $449,236.73
191 $449,236.73 $1,323.59 $0.00 $2,540.05 $453,100.37
192 $453,100.37 $1,323.59 $0.00 $2,561.90 $456,985.86
193 $456,985.86 $1,323.59 $0.00 $2,583.86 $460,893.31
194 $460,893.31 $1,323.59 $0.00 $2,605.96 $464,822.86
195 $464,822.86 $1,323.59 $0.00 $2,628.18 $468,774.63
196 $468,774.63 $1,323.59 $0.00 $2,650.52 $472,748.74
197 $472,748.74 $1,323.59 $0.00 $2,672.99 $476,745.32
198 $476,745.32 $1,323.59 $0.00 $2,695.59 $480,764.50
199 $480,764.50 $1,323.59 $0.00 $2,718.31 $484,806.40
200 $484,806.40 $1,323.59 $0.00 $2,741.17 $488,871.16
201 $488,871.16 $1,323.59 $0.00 $2,764.15 $492,958.90
202 $492,958.90 $1,323.59 $0.00 $2,787.26 $497,069.75
203 $497,069.75 $1,323.59 $0.00 $2,810.50 $501,203.84
204 $501,203.84 $1,323.59 $0.00 $2,833.88 $505,361.31
205 $505,361.31 $1,323.59 $0.00 $2,857.39 $509,542.29
206 $509,542.29 $1,323.59 $0.00 $2,881.03 $513,746.91
207 $513,746.91 $1,323.59 $0.00 $2,904.80 $517,975.30
208 $517,975.30 $1,323.59 $0.00 $2,928.71 $522,227.60
209 $522,227.60 $1,323.59 $0.00 $2,952.75 $526,503.94
210 $526,503.94 $1,323.59 $0.00 $2,976.93 $530,804.46
211 $530,804.46 $1,323.59 $0.00 $3,001.25 $535,129.30
212 $535,129.30 $1,323.59 $0.00 $3,025.70 $539,478.59
213 $539,478.59 $1,323.59 $0.00 $3,050.29 $543,852.47
214 $543,852.47 $1,323.59 $0.00 $3,075.02 $548,251.08
215 $548,251.08 $1,323.59 $0.00 $3,099.89 $552,674.56
216 $552,674.56 $1,323.59 $0.00 $3,124.90 $557,123.05
217 $557,123.05 $1,323.59 $150,880.18 $3,150.05 $410,716.51
218 $410,716.51 $1,323.59 $0.00 $2,322.25 $414,362.35
219 $414,362.35 $1,323.59 $0.00 $2,342.86 $418,028.80
220 $418,028.80 $1,323.59 $0.00 $2,363.60 $421,715.99
221 $421,715.99 $1,323.59 $0.00 $2,384.44 $425,424.02
222 $425,424.02 $1,323.59 $0.00 $2,405.41 $429,153.02
223 $429,153.02 $1,323.59 $0.00 $2,426.49 $432,903.10
224 $432,903.10 $1,323.59 $0.00 $2,447.70 $436,674.39
225 $436,674.39 $1,323.59 $0.00 $2,469.02 $440,467.00
226 $440,467.00 $1,323.59 $0.00 $2,490.46 $444,281.05
227 $444,281.05 $1,323.59 $0.00 $2,512.03 $448,116.67
228 $448,116.67 $1,323.59 $0.00 $2,533.72 $451,973.98
229 $451,973.98 $1,323.59 $161,441.79 $2,555.53 $294,411.31
230 $294,411.31 $1,323.59 $0.00 $1,664.64 $297,399.54
231 $297,399.54 $1,323.59 $0.00 $1,681.54 $300,404.67
232 $300,404.67 $1,323.59 $0.00 $1,698.53 $303,426.79
233 $303,426.79 $1,323.59 $0.00 $1,715.62 $306,466.00
234 $306,466.00 $1,323.59 $0.00 $1,732.80 $309,522.39
235 $309,522.39 $1,323.59 $0.00 $1,750.08 $312,596.06
236 $312,596.06 $1,323.59 $0.00 $1,767.46 $315,687.11
237 $315,687.11 $1,323.59 $0.00 $1,784.94 $318,795.64
238 $318,795.64 $1,323.59 $0.00 $1,802.52 $321,921.75
239 $321,921.75 $1,323.59 $0.00 $1,820.19 $325,065.53
240 $325,065.53 $1,323.59 $0.00 $1,837.97 $328,227.09
241 $328,227.09 $1,323.59 $172,742.71 $1,855.84 $158,663.81
242 $158,663.81 $1,323.59 $0.00 $897.11 $160,884.51
243 $160,884.51 $1,323.59 $0.00 $909.66 $163,117.76
244 $163,117.76 $1,323.59 $0.00 $922.29 $165,363.64
245 $165,363.64 $1,323.59 $0.00 $934.99 $167,622.22
246 $167,622.22 $1,323.59 $0.00 $947.76 $169,893.57
247 $169,893.57 $1,323.59 $0.00 $960.60 $172,177.76
248 $172,177.76 $1,323.59 $0.00 $973.52 $174,474.87
249 $174,474.87 $1,323.59 $0.00 $986.51 $176,784.97
250 $176,784.97 $1,323.59 $0.00 $999.57 $179,108.13
251 $179,108.13 $1,323.59 $0.00 $1,012.70 $181,444.42
252 $181,444.42 $1,323.59 $0.00 $1,025.91 $183,793.92
253 $183,793.92 $0.00 $184,834.70 $1,039.20 -$1.58