Savings Plan and Future Cost Estimation for Moore College of Art and Design

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$162,267
Monthly savings required$1,284

How much will it cost to send your child to Moore College of Art and Design in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $649,069.45 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,284.49 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$62,574.00
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 $1,284.49 $0.00 $0.00 $1,284.49
2 $1,284.49 $1,284.49 $0.00 $7.26 $2,576.24
3 $2,576.24 $1,284.49 $0.00 $14.57 $3,875.30
4 $3,875.30 $1,284.49 $0.00 $21.91 $5,181.70
5 $5,181.70 $1,284.49 $0.00 $29.30 $6,495.49
6 $6,495.49 $1,284.49 $0.00 $36.73 $7,816.71
7 $7,816.71 $1,284.49 $0.00 $44.20 $9,145.40
8 $9,145.40 $1,284.49 $0.00 $51.71 $10,481.60
9 $10,481.60 $1,284.49 $0.00 $59.26 $11,825.35
10 $11,825.35 $1,284.49 $0.00 $66.86 $13,176.70
11 $13,176.70 $1,284.49 $0.00 $74.50 $14,535.69
12 $14,535.69 $1,284.49 $0.00 $82.19 $15,902.37
13 $15,902.37 $1,284.49 $0.00 $89.91 $17,276.77
14 $17,276.77 $1,284.49 $0.00 $97.69 $18,658.95
15 $18,658.95 $1,284.49 $0.00 $105.50 $20,048.94
16 $20,048.94 $1,284.49 $0.00 $113.36 $21,446.79
17 $21,446.79 $1,284.49 $0.00 $121.26 $22,852.54
18 $22,852.54 $1,284.49 $0.00 $129.21 $24,266.24
19 $24,266.24 $1,284.49 $0.00 $137.20 $25,687.93
20 $25,687.93 $1,284.49 $0.00 $145.24 $27,117.66
21 $27,117.66 $1,284.49 $0.00 $153.33 $28,555.48
22 $28,555.48 $1,284.49 $0.00 $161.46 $30,001.43
23 $30,001.43 $1,284.49 $0.00 $169.63 $31,455.55
24 $31,455.55 $1,284.49 $0.00 $177.85 $32,917.89
25 $32,917.89 $1,284.49 $0.00 $186.12 $34,388.50
26 $34,388.50 $1,284.49 $0.00 $194.44 $35,867.43
27 $35,867.43 $1,284.49 $0.00 $202.80 $37,354.72
28 $37,354.72 $1,284.49 $0.00 $211.21 $38,850.42
29 $38,850.42 $1,284.49 $0.00 $219.67 $40,354.58
30 $40,354.58 $1,284.49 $0.00 $228.17 $41,867.24
31 $41,867.24 $1,284.49 $0.00 $236.72 $43,388.45
32 $43,388.45 $1,284.49 $0.00 $245.32 $44,918.26
33 $44,918.26 $1,284.49 $0.00 $253.97 $46,456.72
34 $46,456.72 $1,284.49 $0.00 $262.67 $48,003.88
35 $48,003.88 $1,284.49 $0.00 $271.42 $49,559.79
36 $49,559.79 $1,284.49 $0.00 $280.22 $51,124.50
37 $51,124.50 $1,284.49 $0.00 $289.07 $52,698.06
38 $52,698.06 $1,284.49 $0.00 $297.96 $54,280.51
39 $54,280.51 $1,284.49 $0.00 $306.91 $55,871.91
40 $55,871.91 $1,284.49 $0.00 $315.91 $57,472.31
41 $57,472.31 $1,284.49 $0.00 $324.96 $59,081.76
42 $59,081.76 $1,284.49 $0.00 $334.06 $60,700.31
43 $60,700.31 $1,284.49 $0.00 $343.21 $62,328.01
44 $62,328.01 $1,284.49 $0.00 $352.41 $63,964.91
45 $63,964.91 $1,284.49 $0.00 $361.67 $65,611.07
46 $65,611.07 $1,284.49 $0.00 $370.97 $67,266.53
47 $67,266.53 $1,284.49 $0.00 $380.33 $68,931.35
48 $68,931.35 $1,284.49 $0.00 $389.75 $70,605.59
49 $70,605.59 $1,284.49 $0.00 $399.21 $72,289.29
50 $72,289.29 $1,284.49 $0.00 $408.73 $73,982.51
51 $73,982.51 $1,284.49 $0.00 $418.31 $75,685.31
52 $75,685.31 $1,284.49 $0.00 $427.94 $77,397.74
53 $77,397.74 $1,284.49 $0.00 $437.62 $79,119.85
54 $79,119.85 $1,284.49 $0.00 $447.36 $80,851.70
55 $80,851.70 $1,284.49 $0.00 $457.15 $82,593.34
56 $82,593.34 $1,284.49 $0.00 $466.99 $84,344.82
57 $84,344.82 $1,284.49 $0.00 $476.90 $86,106.21
58 $86,106.21 $1,284.49 $0.00 $486.86 $87,877.56
59 $87,877.56 $1,284.49 $0.00 $496.87 $89,658.92
60 $89,658.92 $1,284.49 $0.00 $506.94 $91,450.35
61 $91,450.35 $1,284.49 $0.00 $517.07 $93,251.91
62 $93,251.91 $1,284.49 $0.00 $527.26 $95,063.66
63 $95,063.66 $1,284.49 $0.00 $537.50 $96,885.65
64 $96,885.65 $1,284.49 $0.00 $547.81 $98,717.95
65 $98,717.95 $1,284.49 $0.00 $558.17 $100,560.61
66 $100,560.61 $1,284.49 $0.00 $568.58 $102,413.68
67 $102,413.68 $1,284.49 $0.00 $579.06 $104,277.23
68 $104,277.23 $1,284.49 $0.00 $589.60 $106,151.32
69 $106,151.32 $1,284.49 $0.00 $600.19 $108,036.00
70 $108,036.00 $1,284.49 $0.00 $610.85 $109,931.34
71 $109,931.34 $1,284.49 $0.00 $621.57 $111,837.40
72 $111,837.40 $1,284.49 $0.00 $632.34 $113,754.23
73 $113,754.23 $1,284.49 $0.00 $643.18 $115,681.90
74 $115,681.90 $1,284.49 $0.00 $654.08 $117,620.47
75 $117,620.47 $1,284.49 $0.00 $665.04 $119,570.00
76 $119,570.00 $1,284.49 $0.00 $676.07 $121,530.56
77 $121,530.56 $1,284.49 $0.00 $687.15 $123,502.20
78 $123,502.20 $1,284.49 $0.00 $698.30 $125,484.99
79 $125,484.99 $1,284.49 $0.00 $709.51 $127,478.99
80 $127,478.99 $1,284.49 $0.00 $720.78 $129,484.26
81 $129,484.26 $1,284.49 $0.00 $732.12 $131,500.87
82 $131,500.87 $1,284.49 $0.00 $743.53 $133,528.89
83 $133,528.89 $1,284.49 $0.00 $754.99 $135,568.37
84 $135,568.37 $1,284.49 $0.00 $766.52 $137,619.38
85 $137,619.38 $1,284.49 $0.00 $778.12 $139,681.99
86 $139,681.99 $1,284.49 $0.00 $789.78 $141,756.26
87 $141,756.26 $1,284.49 $0.00 $801.51 $143,842.26
88 $143,842.26 $1,284.49 $0.00 $813.31 $145,940.06
89 $145,940.06 $1,284.49 $0.00 $825.17 $148,049.72
90 $148,049.72 $1,284.49 $0.00 $837.09 $150,171.30
91 $150,171.30 $1,284.49 $0.00 $849.09 $152,304.88
92 $152,304.88 $1,284.49 $0.00 $861.15 $154,450.52
93 $154,450.52 $1,284.49 $0.00 $873.29 $156,608.30
94 $156,608.30 $1,284.49 $0.00 $885.49 $158,778.28
95 $158,778.28 $1,284.49 $0.00 $897.76 $160,960.53
96 $160,960.53 $1,284.49 $0.00 $910.09 $163,155.11
97 $163,155.11 $1,284.49 $0.00 $922.50 $165,362.10
98 $165,362.10 $1,284.49 $0.00 $934.98 $167,581.57
99 $167,581.57 $1,284.49 $0.00 $947.53 $169,813.59
100 $169,813.59 $1,284.49 $0.00 $960.15 $172,058.23
101 $172,058.23 $1,284.49 $0.00 $972.84 $174,315.56
102 $174,315.56 $1,284.49 $0.00 $985.61 $176,585.66
103 $176,585.66 $1,284.49 $0.00 $998.44 $178,868.59
104 $178,868.59 $1,284.49 $0.00 $1,011.35 $181,164.43
105 $181,164.43 $1,284.49 $0.00 $1,024.33 $183,473.25
106 $183,473.25 $1,284.49 $0.00 $1,037.38 $185,795.12
107 $185,795.12 $1,284.49 $0.00 $1,050.51 $188,130.12
108 $188,130.12 $1,284.49 $0.00 $1,063.72 $190,478.33
109 $190,478.33 $1,284.49 $0.00 $1,076.99 $192,839.81
110 $192,839.81 $1,284.49 $0.00 $1,090.34 $195,214.64
111 $195,214.64 $1,284.49 $0.00 $1,103.77 $197,602.90
112 $197,602.90 $1,284.49 $0.00 $1,117.28 $200,004.67
113 $200,004.67 $1,284.49 $0.00 $1,130.86 $202,420.02
114 $202,420.02 $1,284.49 $0.00 $1,144.51 $204,849.02
115 $204,849.02 $1,284.49 $0.00 $1,158.25 $207,291.76
116 $207,291.76 $1,284.49 $0.00 $1,172.06 $209,748.31
117 $209,748.31 $1,284.49 $0.00 $1,185.95 $212,218.75
118 $212,218.75 $1,284.49 $0.00 $1,199.92 $214,703.16
119 $214,703.16 $1,284.49 $0.00 $1,213.96 $217,201.61
120 $217,201.61 $1,284.49 $0.00 $1,228.09 $219,714.19
121 $219,714.19 $1,284.49 $0.00 $1,242.30 $222,240.98
122 $222,240.98 $1,284.49 $0.00 $1,256.58 $224,782.05
123 $224,782.05 $1,284.49 $0.00 $1,270.95 $227,337.49
124 $227,337.49 $1,284.49 $0.00 $1,285.40 $229,907.38
125 $229,907.38 $1,284.49 $0.00 $1,299.93 $232,491.80
126 $232,491.80 $1,284.49 $0.00 $1,314.54 $235,090.83
127 $235,090.83 $1,284.49 $0.00 $1,329.24 $237,704.56
128 $237,704.56 $1,284.49 $0.00 $1,344.02 $240,333.07
129 $240,333.07 $1,284.49 $0.00 $1,358.88 $242,976.44
130 $242,976.44 $1,284.49 $0.00 $1,373.82 $245,634.75
131 $245,634.75 $1,284.49 $0.00 $1,388.85 $248,308.09
132 $248,308.09 $1,284.49 $0.00 $1,403.97 $250,996.55
133 $250,996.55 $1,284.49 $0.00 $1,419.17 $253,700.21
134 $253,700.21 $1,284.49 $0.00 $1,434.46 $256,419.16
135 $256,419.16 $1,284.49 $0.00 $1,449.83 $259,153.48
136 $259,153.48 $1,284.49 $0.00 $1,465.29 $261,903.26
137 $261,903.26 $1,284.49 $0.00 $1,480.84 $264,668.59
138 $264,668.59 $1,284.49 $0.00 $1,496.47 $267,449.55
139 $267,449.55 $1,284.49 $0.00 $1,512.20 $270,246.24
140 $270,246.24 $1,284.49 $0.00 $1,528.01 $273,058.74
141 $273,058.74 $1,284.49 $0.00 $1,543.91 $275,887.14
142 $275,887.14 $1,284.49 $0.00 $1,559.91 $278,731.54
143 $278,731.54 $1,284.49 $0.00 $1,575.99 $281,592.02
144 $281,592.02 $1,284.49 $0.00 $1,592.16 $284,468.67
145 $284,468.67 $1,284.49 $0.00 $1,608.43 $287,361.59
146 $287,361.59 $1,284.49 $0.00 $1,624.78 $290,270.86
147 $290,270.86 $1,284.49 $0.00 $1,641.23 $293,196.58
148 $293,196.58 $1,284.49 $0.00 $1,657.78 $296,138.85
149 $296,138.85 $1,284.49 $0.00 $1,674.41 $299,097.75
150 $299,097.75 $1,284.49 $0.00 $1,691.14 $302,073.38
151 $302,073.38 $1,284.49 $0.00 $1,707.97 $305,065.84
152 $305,065.84 $1,284.49 $0.00 $1,724.89 $308,075.22
153 $308,075.22 $1,284.49 $0.00 $1,741.90 $311,101.61
154 $311,101.61 $1,284.49 $0.00 $1,759.01 $314,145.11
155 $314,145.11 $1,284.49 $0.00 $1,776.22 $317,205.82
156 $317,205.82 $1,284.49 $0.00 $1,793.53 $320,283.84
157 $320,283.84 $1,284.49 $0.00 $1,810.93 $323,379.26
158 $323,379.26 $1,284.49 $0.00 $1,828.43 $326,492.18
159 $326,492.18 $1,284.49 $0.00 $1,846.03 $329,622.70
160 $329,622.70 $1,284.49 $0.00 $1,863.73 $332,770.92
161 $332,770.92 $1,284.49 $0.00 $1,881.54 $335,936.95
162 $335,936.95 $1,284.49 $0.00 $1,899.44 $339,120.88
163 $339,120.88 $1,284.49 $0.00 $1,917.44 $342,322.81
164 $342,322.81 $1,284.49 $0.00 $1,935.54 $345,542.84
165 $345,542.84 $1,284.49 $0.00 $1,953.75 $348,781.08
166 $348,781.08 $1,284.49 $0.00 $1,972.06 $352,037.63
167 $352,037.63 $1,284.49 $0.00 $1,990.47 $355,312.59
168 $355,312.59 $1,284.49 $0.00 $2,008.99 $358,606.07
169 $358,606.07 $1,284.49 $0.00 $2,027.61 $361,918.17
170 $361,918.17 $1,284.49 $0.00 $2,046.34 $365,249.00
171 $365,249.00 $1,284.49 $0.00 $2,065.17 $368,598.66
172 $368,598.66 $1,284.49 $0.00 $2,084.11 $371,967.26
173 $371,967.26 $1,284.49 $0.00 $2,103.16 $375,354.91
174 $375,354.91 $1,284.49 $0.00 $2,122.31 $378,761.71
175 $378,761.71 $1,284.49 $0.00 $2,141.57 $382,187.77
176 $382,187.77 $1,284.49 $0.00 $2,160.95 $385,633.21
177 $385,633.21 $1,284.49 $0.00 $2,180.43 $389,098.13
178 $389,098.13 $1,284.49 $0.00 $2,200.02 $392,582.64
179 $392,582.64 $1,284.49 $0.00 $2,219.72 $396,086.85
180 $396,086.85 $1,284.49 $0.00 $2,239.53 $399,610.87
181 $399,610.87 $1,284.49 $0.00 $2,259.46 $403,154.82
182 $403,154.82 $1,284.49 $0.00 $2,279.50 $406,718.81
183 $406,718.81 $1,284.49 $0.00 $2,299.65 $410,302.95
184 $410,302.95 $1,284.49 $0.00 $2,319.91 $413,907.35
185 $413,907.35 $1,284.49 $0.00 $2,340.29 $417,532.13
186 $417,532.13 $1,284.49 $0.00 $2,360.79 $421,177.41
187 $421,177.41 $1,284.49 $0.00 $2,381.40 $424,843.30
188 $424,843.30 $1,284.49 $0.00 $2,402.13 $428,529.92
189 $428,529.92 $1,284.49 $0.00 $2,422.97 $432,237.38
190 $432,237.38 $1,284.49 $0.00 $2,443.93 $435,965.80
191 $435,965.80 $1,284.49 $0.00 $2,465.01 $439,715.30
192 $439,715.30 $1,284.49 $0.00 $2,486.21 $443,486.00
193 $443,486.00 $1,284.49 $0.00 $2,507.53 $447,278.02
194 $447,278.02 $1,284.49 $0.00 $2,528.97 $451,091.48
195 $451,091.48 $1,284.49 $0.00 $2,550.54 $454,926.51
196 $454,926.51 $1,284.49 $0.00 $2,572.22 $458,783.22
197 $458,783.22 $1,284.49 $0.00 $2,594.03 $462,661.74
198 $462,661.74 $1,284.49 $0.00 $2,615.96 $466,562.19
199 $466,562.19 $1,284.49 $0.00 $2,638.01 $470,484.69
200 $470,484.69 $1,284.49 $0.00 $2,660.19 $474,429.37
201 $474,429.37 $1,284.49 $0.00 $2,682.49 $478,396.35
202 $478,396.35 $1,284.49 $0.00 $2,704.92 $482,385.76
203 $482,385.76 $1,284.49 $0.00 $2,727.48 $486,397.73
204 $486,397.73 $1,284.49 $0.00 $2,750.16 $490,432.38
205 $490,432.38 $1,284.49 $0.00 $2,772.98 $494,489.85
206 $494,489.85 $1,284.49 $0.00 $2,795.92 $498,570.26
207 $498,570.26 $1,284.49 $0.00 $2,818.99 $502,673.74
208 $502,673.74 $1,284.49 $0.00 $2,842.19 $506,800.42
209 $506,800.42 $1,284.49 $0.00 $2,865.52 $510,950.43
210 $510,950.43 $1,284.49 $0.00 $2,888.99 $515,123.91
211 $515,123.91 $1,284.49 $0.00 $2,912.59 $519,320.99
212 $519,320.99 $1,284.49 $0.00 $2,936.32 $523,541.80
213 $523,541.80 $1,284.49 $0.00 $2,960.18 $527,786.47
214 $527,786.47 $1,284.49 $0.00 $2,984.18 $532,055.14
215 $532,055.14 $1,284.49 $0.00 $3,008.32 $536,347.95
216 $536,347.95 $1,284.49 $0.00 $3,032.59 $540,665.03
217 $540,665.03 $1,284.49 $150,591.79 $3,057.00 $394,414.73
218 $394,414.73 $1,284.49 $0.00 $2,230.08 $397,929.30
219 $397,929.30 $1,284.49 $0.00 $2,249.95 $401,463.74
220 $401,463.74 $1,284.49 $0.00 $2,269.93 $405,018.16
221 $405,018.16 $1,284.49 $0.00 $2,290.03 $408,592.68
222 $408,592.68 $1,284.49 $0.00 $2,310.24 $412,187.41
223 $412,187.41 $1,284.49 $0.00 $2,330.57 $415,802.47
224 $415,802.47 $1,284.49 $0.00 $2,351.01 $419,437.97
225 $419,437.97 $1,284.49 $0.00 $2,371.56 $423,094.02
226 $423,094.02 $1,284.49 $0.00 $2,392.24 $426,770.75
227 $426,770.75 $1,284.49 $0.00 $2,413.02 $430,468.26
228 $430,468.26 $1,284.49 $0.00 $2,433.93 $434,186.68
229 $434,186.68 $1,284.49 $158,121.38 $2,454.95 $279,804.74
230 $279,804.74 $1,284.49 $0.00 $1,582.06 $282,671.29
231 $282,671.29 $1,284.49 $0.00 $1,598.26 $285,554.04
232 $285,554.04 $1,284.49 $0.00 $1,614.56 $288,453.09
233 $288,453.09 $1,284.49 $0.00 $1,630.96 $291,368.54
234 $291,368.54 $1,284.49 $0.00 $1,647.44 $294,300.47
235 $294,300.47 $1,284.49 $0.00 $1,664.02 $297,248.98
236 $297,248.98 $1,284.49 $0.00 $1,680.69 $300,214.16
237 $300,214.16 $1,284.49 $0.00 $1,697.45 $303,196.10
238 $303,196.10 $1,284.49 $0.00 $1,714.31 $306,194.90
239 $306,194.90 $1,284.49 $0.00 $1,731.27 $309,210.66
240 $309,210.66 $1,284.49 $0.00 $1,748.32 $312,243.47
241 $312,243.47 $1,284.49 $166,027.45 $1,765.47 $149,265.98
242 $149,265.98 $1,284.49 $0.00 $843.97 $151,394.44
243 $151,394.44 $1,284.49 $0.00 $856.01 $153,534.94
244 $153,534.94 $1,284.49 $0.00 $868.11 $155,687.54
245 $155,687.54 $1,284.49 $0.00 $880.28 $157,852.31
246 $157,852.31 $1,284.49 $0.00 $892.52 $160,029.32
247 $160,029.32 $1,284.49 $0.00 $904.83 $162,218.64
248 $162,218.64 $1,284.49 $0.00 $917.21 $164,420.34
249 $164,420.34 $1,284.49 $0.00 $929.66 $166,634.49
250 $166,634.49 $1,284.49 $0.00 $942.18 $168,861.16
251 $168,861.16 $1,284.49 $0.00 $954.77 $171,100.42
252 $171,100.42 $1,284.49 $0.00 $967.43 $173,352.34
253 $173,352.34 $0.00 $174,328.82 $980.16 $3.68