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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$140,152
Monthly savings required$1,109

How much will it cost to send your child to King's College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $560,609.96 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,109.42 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$54,046.00
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 $1,109.42 $0.00 $0.00 $1,109.42
2 $1,109.42 $1,109.42 $0.00 $6.27 $2,225.11
3 $2,225.11 $1,109.42 $0.00 $12.58 $3,347.11
4 $3,347.11 $1,109.42 $0.00 $18.93 $4,475.46
5 $4,475.46 $1,109.42 $0.00 $25.30 $5,610.18
6 $5,610.18 $1,109.42 $0.00 $31.72 $6,751.32
7 $6,751.32 $1,109.42 $0.00 $38.17 $7,898.91
8 $7,898.91 $1,109.42 $0.00 $44.66 $9,052.99
9 $9,052.99 $1,109.42 $0.00 $51.19 $10,213.60
10 $10,213.60 $1,109.42 $0.00 $57.75 $11,380.77
11 $11,380.77 $1,109.42 $0.00 $64.35 $12,554.54
12 $12,554.54 $1,109.42 $0.00 $70.99 $13,734.95
13 $13,734.95 $1,109.42 $0.00 $77.66 $14,922.03
14 $14,922.03 $1,109.42 $0.00 $84.37 $16,115.82
15 $16,115.82 $1,109.42 $0.00 $91.12 $17,316.36
16 $17,316.36 $1,109.42 $0.00 $97.91 $18,523.69
17 $18,523.69 $1,109.42 $0.00 $104.74 $19,737.85
18 $19,737.85 $1,109.42 $0.00 $111.60 $20,958.87
19 $20,958.87 $1,109.42 $0.00 $118.50 $22,186.79
20 $22,186.79 $1,109.42 $0.00 $125.45 $23,421.66
21 $23,421.66 $1,109.42 $0.00 $132.43 $24,663.51
22 $24,663.51 $1,109.42 $0.00 $139.45 $25,912.38
23 $25,912.38 $1,109.42 $0.00 $146.51 $27,168.31
24 $27,168.31 $1,109.42 $0.00 $153.61 $28,431.34
25 $28,431.34 $1,109.42 $0.00 $160.75 $29,701.51
26 $29,701.51 $1,109.42 $0.00 $167.94 $30,978.87
27 $30,978.87 $1,109.42 $0.00 $175.16 $32,263.45
28 $32,263.45 $1,109.42 $0.00 $182.42 $33,555.29
29 $33,555.29 $1,109.42 $0.00 $189.73 $34,854.44
30 $34,854.44 $1,109.42 $0.00 $197.07 $36,160.93
31 $36,160.93 $1,109.42 $0.00 $204.46 $37,474.81
32 $37,474.81 $1,109.42 $0.00 $211.89 $38,796.12
33 $38,796.12 $1,109.42 $0.00 $219.36 $40,124.90
34 $40,124.90 $1,109.42 $0.00 $226.87 $41,461.19
35 $41,461.19 $1,109.42 $0.00 $234.43 $42,805.04
36 $42,805.04 $1,109.42 $0.00 $242.03 $44,156.49
37 $44,156.49 $1,109.42 $0.00 $249.67 $45,515.58
38 $45,515.58 $1,109.42 $0.00 $257.35 $46,882.35
39 $46,882.35 $1,109.42 $0.00 $265.08 $48,256.85
40 $48,256.85 $1,109.42 $0.00 $272.85 $49,639.12
41 $49,639.12 $1,109.42 $0.00 $280.67 $51,029.21
42 $51,029.21 $1,109.42 $0.00 $288.53 $52,427.16
43 $52,427.16 $1,109.42 $0.00 $296.43 $53,833.01
44 $53,833.01 $1,109.42 $0.00 $304.38 $55,246.81
45 $55,246.81 $1,109.42 $0.00 $312.37 $56,668.60
46 $56,668.60 $1,109.42 $0.00 $320.41 $58,098.43
47 $58,098.43 $1,109.42 $0.00 $328.50 $59,536.35
48 $59,536.35 $1,109.42 $0.00 $336.63 $60,982.40
49 $60,982.40 $1,109.42 $0.00 $344.80 $62,436.62
50 $62,436.62 $1,109.42 $0.00 $353.03 $63,899.07
51 $63,899.07 $1,109.42 $0.00 $361.29 $65,369.78
52 $65,369.78 $1,109.42 $0.00 $369.61 $66,848.81
53 $66,848.81 $1,109.42 $0.00 $377.97 $68,336.20
54 $68,336.20 $1,109.42 $0.00 $386.38 $69,832.00
55 $69,832.00 $1,109.42 $0.00 $394.84 $71,336.26
56 $71,336.26 $1,109.42 $0.00 $403.35 $72,849.03
57 $72,849.03 $1,109.42 $0.00 $411.90 $74,370.35
58 $74,370.35 $1,109.42 $0.00 $420.50 $75,900.27
59 $75,900.27 $1,109.42 $0.00 $429.15 $77,438.84
60 $77,438.84 $1,109.42 $0.00 $437.85 $78,986.11
61 $78,986.11 $1,109.42 $0.00 $446.60 $80,542.13
62 $80,542.13 $1,109.42 $0.00 $455.40 $82,106.95
63 $82,106.95 $1,109.42 $0.00 $464.24 $83,680.61
64 $83,680.61 $1,109.42 $0.00 $473.14 $85,263.17
65 $85,263.17 $1,109.42 $0.00 $482.09 $86,854.68
66 $86,854.68 $1,109.42 $0.00 $491.09 $88,455.19
67 $88,455.19 $1,109.42 $0.00 $500.14 $90,064.75
68 $90,064.75 $1,109.42 $0.00 $509.24 $91,683.41
69 $91,683.41 $1,109.42 $0.00 $518.39 $93,311.22
70 $93,311.22 $1,109.42 $0.00 $527.60 $94,948.24
71 $94,948.24 $1,109.42 $0.00 $536.85 $96,594.51
72 $96,594.51 $1,109.42 $0.00 $546.16 $98,250.09
73 $98,250.09 $1,109.42 $0.00 $555.52 $99,915.03
74 $99,915.03 $1,109.42 $0.00 $564.93 $101,589.38
75 $101,589.38 $1,109.42 $0.00 $574.40 $103,273.20
76 $103,273.20 $1,109.42 $0.00 $583.92 $104,966.54
77 $104,966.54 $1,109.42 $0.00 $593.50 $106,669.46
78 $106,669.46 $1,109.42 $0.00 $603.12 $108,382.00
79 $108,382.00 $1,109.42 $0.00 $612.81 $110,104.23
80 $110,104.23 $1,109.42 $0.00 $622.55 $111,836.20
81 $111,836.20 $1,109.42 $0.00 $632.34 $113,577.96
82 $113,577.96 $1,109.42 $0.00 $642.19 $115,329.57
83 $115,329.57 $1,109.42 $0.00 $652.09 $117,091.08
84 $117,091.08 $1,109.42 $0.00 $662.05 $118,862.55
85 $118,862.55 $1,109.42 $0.00 $672.07 $120,644.04
86 $120,644.04 $1,109.42 $0.00 $682.14 $122,435.60
87 $122,435.60 $1,109.42 $0.00 $692.27 $124,237.29
88 $124,237.29 $1,109.42 $0.00 $702.46 $126,049.17
89 $126,049.17 $1,109.42 $0.00 $712.70 $127,871.29
90 $127,871.29 $1,109.42 $0.00 $723.00 $129,703.71
91 $129,703.71 $1,109.42 $0.00 $733.36 $131,546.49
92 $131,546.49 $1,109.42 $0.00 $743.78 $133,399.69
93 $133,399.69 $1,109.42 $0.00 $754.26 $135,263.37
94 $135,263.37 $1,109.42 $0.00 $764.80 $137,137.59
95 $137,137.59 $1,109.42 $0.00 $775.40 $139,022.41
96 $139,022.41 $1,109.42 $0.00 $786.05 $140,917.88
97 $140,917.88 $1,109.42 $0.00 $796.77 $142,824.07
98 $142,824.07 $1,109.42 $0.00 $807.55 $144,741.04
99 $144,741.04 $1,109.42 $0.00 $818.39 $146,668.85
100 $146,668.85 $1,109.42 $0.00 $829.29 $148,607.56
101 $148,607.56 $1,109.42 $0.00 $840.25 $150,557.23
102 $150,557.23 $1,109.42 $0.00 $851.27 $152,517.92
103 $152,517.92 $1,109.42 $0.00 $862.36 $154,489.70
104 $154,489.70 $1,109.42 $0.00 $873.51 $156,472.63
105 $156,472.63 $1,109.42 $0.00 $884.72 $158,466.77
106 $158,466.77 $1,109.42 $0.00 $895.99 $160,472.18
107 $160,472.18 $1,109.42 $0.00 $907.33 $162,488.93
108 $162,488.93 $1,109.42 $0.00 $918.74 $164,517.09
109 $164,517.09 $1,109.42 $0.00 $930.20 $166,556.71
110 $166,556.71 $1,109.42 $0.00 $941.74 $168,607.87
111 $168,607.87 $1,109.42 $0.00 $953.33 $170,670.62
112 $170,670.62 $1,109.42 $0.00 $965.00 $172,745.04
113 $172,745.04 $1,109.42 $0.00 $976.73 $174,831.19
114 $174,831.19 $1,109.42 $0.00 $988.52 $176,929.13
115 $176,929.13 $1,109.42 $0.00 $1,000.38 $179,038.93
116 $179,038.93 $1,109.42 $0.00 $1,012.31 $181,160.66
117 $181,160.66 $1,109.42 $0.00 $1,024.31 $183,294.39
118 $183,294.39 $1,109.42 $0.00 $1,036.37 $185,440.18
119 $185,440.18 $1,109.42 $0.00 $1,048.51 $187,598.11
120 $187,598.11 $1,109.42 $0.00 $1,060.71 $189,768.24
121 $189,768.24 $1,109.42 $0.00 $1,072.98 $191,950.64
122 $191,950.64 $1,109.42 $0.00 $1,085.32 $194,145.38
123 $194,145.38 $1,109.42 $0.00 $1,097.73 $196,352.53
124 $196,352.53 $1,109.42 $0.00 $1,110.21 $198,572.16
125 $198,572.16 $1,109.42 $0.00 $1,122.76 $200,804.34
126 $200,804.34 $1,109.42 $0.00 $1,135.38 $203,049.14
127 $203,049.14 $1,109.42 $0.00 $1,148.07 $205,306.63
128 $205,306.63 $1,109.42 $0.00 $1,160.83 $207,576.88
129 $207,576.88 $1,109.42 $0.00 $1,173.67 $209,859.97
130 $209,859.97 $1,109.42 $0.00 $1,186.58 $212,155.97
131 $212,155.97 $1,109.42 $0.00 $1,199.56 $214,464.95
132 $214,464.95 $1,109.42 $0.00 $1,212.62 $216,786.99
133 $216,786.99 $1,109.42 $0.00 $1,225.75 $219,122.16
134 $219,122.16 $1,109.42 $0.00 $1,238.95 $221,470.53
135 $221,470.53 $1,109.42 $0.00 $1,252.23 $223,832.18
136 $223,832.18 $1,109.42 $0.00 $1,265.58 $226,207.18
137 $226,207.18 $1,109.42 $0.00 $1,279.01 $228,595.61
138 $228,595.61 $1,109.42 $0.00 $1,292.51 $230,997.54
139 $230,997.54 $1,109.42 $0.00 $1,306.09 $233,413.05
140 $233,413.05 $1,109.42 $0.00 $1,319.75 $235,842.22
141 $235,842.22 $1,109.42 $0.00 $1,333.49 $238,285.13
142 $238,285.13 $1,109.42 $0.00 $1,347.30 $240,741.85
143 $240,741.85 $1,109.42 $0.00 $1,361.19 $243,212.46
144 $243,212.46 $1,109.42 $0.00 $1,375.16 $245,697.04
145 $245,697.04 $1,109.42 $0.00 $1,389.21 $248,195.67
146 $248,195.67 $1,109.42 $0.00 $1,403.33 $250,708.42
147 $250,708.42 $1,109.42 $0.00 $1,417.54 $253,235.38
148 $253,235.38 $1,109.42 $0.00 $1,431.83 $255,776.63
149 $255,776.63 $1,109.42 $0.00 $1,446.20 $258,332.25
150 $258,332.25 $1,109.42 $0.00 $1,460.65 $260,902.32
151 $260,902.32 $1,109.42 $0.00 $1,475.18 $263,486.92
152 $263,486.92 $1,109.42 $0.00 $1,489.79 $266,086.13
153 $266,086.13 $1,109.42 $0.00 $1,504.49 $268,700.04
154 $268,700.04 $1,109.42 $0.00 $1,519.27 $271,328.73
155 $271,328.73 $1,109.42 $0.00 $1,534.13 $273,972.28
156 $273,972.28 $1,109.42 $0.00 $1,549.08 $276,630.78
157 $276,630.78 $1,109.42 $0.00 $1,564.11 $279,304.31
158 $279,304.31 $1,109.42 $0.00 $1,579.23 $281,992.96
159 $281,992.96 $1,109.42 $0.00 $1,594.43 $284,696.81
160 $284,696.81 $1,109.42 $0.00 $1,609.72 $287,415.95
161 $287,415.95 $1,109.42 $0.00 $1,625.09 $290,150.46
162 $290,150.46 $1,109.42 $0.00 $1,640.55 $292,900.43
163 $292,900.43 $1,109.42 $0.00 $1,656.10 $295,665.95
164 $295,665.95 $1,109.42 $0.00 $1,671.74 $298,447.11
165 $298,447.11 $1,109.42 $0.00 $1,687.46 $301,243.99
166 $301,243.99 $1,109.42 $0.00 $1,703.28 $304,056.69
167 $304,056.69 $1,109.42 $0.00 $1,719.18 $306,885.29
168 $306,885.29 $1,109.42 $0.00 $1,735.17 $309,729.88
169 $309,729.88 $1,109.42 $0.00 $1,751.26 $312,590.56
170 $312,590.56 $1,109.42 $0.00 $1,767.43 $315,467.41
171 $315,467.41 $1,109.42 $0.00 $1,783.70 $318,360.53
172 $318,360.53 $1,109.42 $0.00 $1,800.06 $321,270.01
173 $321,270.01 $1,109.42 $0.00 $1,816.51 $324,195.94
174 $324,195.94 $1,109.42 $0.00 $1,833.05 $327,138.41
175 $327,138.41 $1,109.42 $0.00 $1,849.69 $330,097.52
176 $330,097.52 $1,109.42 $0.00 $1,866.42 $333,073.36
177 $333,073.36 $1,109.42 $0.00 $1,883.25 $336,066.03
178 $336,066.03 $1,109.42 $0.00 $1,900.17 $339,075.62
179 $339,075.62 $1,109.42 $0.00 $1,917.18 $342,102.22
180 $342,102.22 $1,109.42 $0.00 $1,934.30 $345,145.94
181 $345,145.94 $1,109.42 $0.00 $1,951.51 $348,206.87
182 $348,206.87 $1,109.42 $0.00 $1,968.81 $351,285.10
183 $351,285.10 $1,109.42 $0.00 $1,986.22 $354,380.74
184 $354,380.74 $1,109.42 $0.00 $2,003.72 $357,493.88
185 $357,493.88 $1,109.42 $0.00 $2,021.32 $360,624.62
186 $360,624.62 $1,109.42 $0.00 $2,039.02 $363,773.06
187 $363,773.06 $1,109.42 $0.00 $2,056.83 $366,939.31
188 $366,939.31 $1,109.42 $0.00 $2,074.73 $370,123.46
189 $370,123.46 $1,109.42 $0.00 $2,092.73 $373,325.61
190 $373,325.61 $1,109.42 $0.00 $2,110.84 $376,545.87
191 $376,545.87 $1,109.42 $0.00 $2,129.05 $379,784.34
192 $379,784.34 $1,109.42 $0.00 $2,147.36 $383,041.12
193 $383,041.12 $1,109.42 $0.00 $2,165.77 $386,316.31
194 $386,316.31 $1,109.42 $0.00 $2,184.29 $389,610.02
195 $389,610.02 $1,109.42 $0.00 $2,202.91 $392,922.35
196 $392,922.35 $1,109.42 $0.00 $2,221.64 $396,253.41
197 $396,253.41 $1,109.42 $0.00 $2,240.47 $399,603.30
198 $399,603.30 $1,109.42 $0.00 $2,259.42 $402,972.14
199 $402,972.14 $1,109.42 $0.00 $2,278.46 $406,360.02
200 $406,360.02 $1,109.42 $0.00 $2,297.62 $409,767.06
201 $409,767.06 $1,109.42 $0.00 $2,316.88 $413,193.36
202 $413,193.36 $1,109.42 $0.00 $2,336.26 $416,639.04
203 $416,639.04 $1,109.42 $0.00 $2,355.74 $420,104.20
204 $420,104.20 $1,109.42 $0.00 $2,375.33 $423,588.95
205 $423,588.95 $1,109.42 $0.00 $2,395.03 $427,093.40
206 $427,093.40 $1,109.42 $0.00 $2,414.85 $430,617.67
207 $430,617.67 $1,109.42 $0.00 $2,434.77 $434,161.86
208 $434,161.86 $1,109.42 $0.00 $2,454.81 $437,726.09
209 $437,726.09 $1,109.42 $0.00 $2,474.97 $441,310.48
210 $441,310.48 $1,109.42 $0.00 $2,495.23 $444,915.13
211 $444,915.13 $1,109.42 $0.00 $2,515.61 $448,540.16
212 $448,540.16 $1,109.42 $0.00 $2,536.11 $452,185.69
213 $452,185.69 $1,109.42 $0.00 $2,556.72 $455,851.83
214 $455,851.83 $1,109.42 $0.00 $2,577.45 $459,538.70
215 $459,538.70 $1,109.42 $0.00 $2,598.30 $463,246.42
216 $463,246.42 $1,109.42 $0.00 $2,619.26 $466,975.10
217 $466,975.10 $1,109.42 $130,068.14 $2,640.35 $340,656.73
218 $340,656.73 $1,109.42 $0.00 $1,926.12 $343,692.27
219 $343,692.27 $1,109.42 $0.00 $1,943.29 $346,744.98
220 $346,744.98 $1,109.42 $0.00 $1,960.55 $349,814.95
221 $349,814.95 $1,109.42 $0.00 $1,977.90 $352,902.27
222 $352,902.27 $1,109.42 $0.00 $1,995.36 $356,007.05
223 $356,007.05 $1,109.42 $0.00 $2,012.92 $359,129.39
224 $359,129.39 $1,109.42 $0.00 $2,030.57 $362,269.38
225 $362,269.38 $1,109.42 $0.00 $2,048.32 $365,427.12
226 $365,427.12 $1,109.42 $0.00 $2,066.18 $368,602.72
227 $368,602.72 $1,109.42 $0.00 $2,084.13 $371,796.27
228 $371,796.27 $1,109.42 $0.00 $2,102.19 $375,007.88
229 $375,007.88 $1,109.42 $136,571.55 $2,120.35 $241,666.10
230 $241,666.10 $1,109.42 $0.00 $1,366.42 $244,141.94
231 $244,141.94 $1,109.42 $0.00 $1,380.41 $246,631.77
232 $246,631.77 $1,109.42 $0.00 $1,394.49 $249,135.68
233 $249,135.68 $1,109.42 $0.00 $1,408.65 $251,653.75
234 $251,653.75 $1,109.42 $0.00 $1,422.89 $254,186.06
235 $254,186.06 $1,109.42 $0.00 $1,437.20 $256,732.68
236 $256,732.68 $1,109.42 $0.00 $1,451.60 $259,293.70
237 $259,293.70 $1,109.42 $0.00 $1,466.08 $261,869.20
238 $261,869.20 $1,109.42 $0.00 $1,480.65 $264,459.27
239 $264,459.27 $1,109.42 $0.00 $1,495.29 $267,063.98
240 $267,063.98 $1,109.42 $0.00 $1,510.02 $269,683.42
241 $269,683.42 $1,109.42 $143,400.13 $1,524.83 $128,917.54
242 $128,917.54 $1,109.42 $0.00 $728.92 $130,755.88
243 $130,755.88 $1,109.42 $0.00 $739.31 $132,604.61
244 $132,604.61 $1,109.42 $0.00 $749.77 $134,463.80
245 $134,463.80 $1,109.42 $0.00 $760.28 $136,333.50
246 $136,333.50 $1,109.42 $0.00 $770.85 $138,213.77
247 $138,213.77 $1,109.42 $0.00 $781.48 $140,104.67
248 $140,104.67 $1,109.42 $0.00 $792.17 $142,006.26
249 $142,006.26 $1,109.42 $0.00 $802.92 $143,918.60
250 $143,918.60 $1,109.42 $0.00 $813.74 $145,841.76
251 $145,841.76 $1,109.42 $0.00 $824.61 $147,775.79
252 $147,775.79 $1,109.42 $0.00 $835.55 $149,720.76
253 $149,720.76 $0.00 $150,570.13 $846.54 ($2.83)