Savings Plan and Future Cost Estimation for Pennsylvania Academy of the Fine Arts

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$254,319
Monthly savings required$2,010

How much will it cost to send your child to Pennsylvania Academy of the Fine Arts in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $1,017,274.63 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $2,009.93 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$67,788.00
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 $2,009.93 $0.00 $0.00 $2,009.93
2 $2,009.93 $2,009.93 $0.00 $11.36 $4,031.22
3 $4,031.22 $2,009.93 $0.00 $22.79 $6,063.94
4 $6,063.94 $2,009.93 $0.00 $34.29 $8,108.16
5 $8,108.16 $2,009.93 $0.00 $45.84 $10,163.93
6 $10,163.93 $2,009.93 $0.00 $57.47 $12,231.33
7 $12,231.33 $2,009.93 $0.00 $69.16 $14,310.42
8 $14,310.42 $2,009.93 $0.00 $80.91 $16,401.26
9 $16,401.26 $2,009.93 $0.00 $92.74 $18,503.93
10 $18,503.93 $2,009.93 $0.00 $104.62 $20,618.48
11 $20,618.48 $2,009.93 $0.00 $116.58 $22,744.99
12 $22,744.99 $2,009.93 $0.00 $128.60 $24,883.52
13 $24,883.52 $2,009.93 $0.00 $140.70 $27,034.15
14 $27,034.15 $2,009.93 $0.00 $152.86 $29,196.94
15 $29,196.94 $2,009.93 $0.00 $165.08 $31,371.95
16 $31,371.95 $2,009.93 $0.00 $177.38 $33,559.26
17 $33,559.26 $2,009.93 $0.00 $189.75 $35,758.94
18 $35,758.94 $2,009.93 $0.00 $202.19 $37,971.06
19 $37,971.06 $2,009.93 $0.00 $214.69 $40,195.68
20 $40,195.68 $2,009.93 $0.00 $227.27 $42,432.88
21 $42,432.88 $2,009.93 $0.00 $239.92 $44,682.73
22 $44,682.73 $2,009.93 $0.00 $252.64 $46,945.30
23 $46,945.30 $2,009.93 $0.00 $265.44 $49,220.67
24 $49,220.67 $2,009.93 $0.00 $278.30 $51,508.90
25 $51,508.90 $2,009.93 $0.00 $291.24 $53,810.07
26 $53,810.07 $2,009.93 $0.00 $304.25 $56,124.25
27 $56,124.25 $2,009.93 $0.00 $317.33 $58,451.51
28 $58,451.51 $2,009.93 $0.00 $330.49 $60,791.93
29 $60,791.93 $2,009.93 $0.00 $343.73 $63,145.59
30 $63,145.59 $2,009.93 $0.00 $357.03 $65,512.55
31 $65,512.55 $2,009.93 $0.00 $370.42 $67,892.90
32 $67,892.90 $2,009.93 $0.00 $383.88 $70,286.71
33 $70,286.71 $2,009.93 $0.00 $397.41 $72,694.05
34 $72,694.05 $2,009.93 $0.00 $411.02 $75,115.00
35 $75,115.00 $2,009.93 $0.00 $424.71 $77,549.64
36 $77,549.64 $2,009.93 $0.00 $438.48 $79,998.05
37 $79,998.05 $2,009.93 $0.00 $452.32 $82,460.30
38 $82,460.30 $2,009.93 $0.00 $466.24 $84,936.47
39 $84,936.47 $2,009.93 $0.00 $480.24 $87,426.64
40 $87,426.64 $2,009.93 $0.00 $494.32 $89,930.89
41 $89,930.89 $2,009.93 $0.00 $508.48 $92,449.30
42 $92,449.30 $2,009.93 $0.00 $522.72 $94,981.95
43 $94,981.95 $2,009.93 $0.00 $537.04 $97,528.92
44 $97,528.92 $2,009.93 $0.00 $551.44 $100,090.29
45 $100,090.29 $2,009.93 $0.00 $565.93 $102,666.15
46 $102,666.15 $2,009.93 $0.00 $580.49 $105,256.57
47 $105,256.57 $2,009.93 $0.00 $595.14 $107,861.64
48 $107,861.64 $2,009.93 $0.00 $609.87 $110,481.44
49 $110,481.44 $2,009.93 $0.00 $624.68 $113,116.05
50 $113,116.05 $2,009.93 $0.00 $639.57 $115,765.55
51 $115,765.55 $2,009.93 $0.00 $654.56 $118,430.04
52 $118,430.04 $2,009.93 $0.00 $669.62 $121,109.59
53 $121,109.59 $2,009.93 $0.00 $684.77 $123,804.29
54 $123,804.29 $2,009.93 $0.00 $700.01 $126,514.23
55 $126,514.23 $2,009.93 $0.00 $715.33 $129,239.49
56 $129,239.49 $2,009.93 $0.00 $730.74 $131,980.16
57 $131,980.16 $2,009.93 $0.00 $746.24 $134,736.33
58 $134,736.33 $2,009.93 $0.00 $761.82 $137,508.08
59 $137,508.08 $2,009.93 $0.00 $777.49 $140,295.50
60 $140,295.50 $2,009.93 $0.00 $793.25 $143,098.68
61 $143,098.68 $2,009.93 $0.00 $809.10 $145,917.71
62 $145,917.71 $2,009.93 $0.00 $825.04 $148,752.68
63 $148,752.68 $2,009.93 $0.00 $841.07 $151,603.68
64 $151,603.68 $2,009.93 $0.00 $857.19 $154,470.80
65 $154,470.80 $2,009.93 $0.00 $873.40 $157,354.13
66 $157,354.13 $2,009.93 $0.00 $889.70 $160,253.76
67 $160,253.76 $2,009.93 $0.00 $906.10 $163,169.79
68 $163,169.79 $2,009.93 $0.00 $922.59 $166,102.31
69 $166,102.31 $2,009.93 $0.00 $939.17 $169,051.41
70 $169,051.41 $2,009.93 $0.00 $955.84 $172,017.18
71 $172,017.18 $2,009.93 $0.00 $972.61 $174,999.72
72 $174,999.72 $2,009.93 $0.00 $989.47 $177,999.12
73 $177,999.12 $2,009.93 $0.00 $1,006.43 $181,015.48
74 $181,015.48 $2,009.93 $0.00 $1,023.49 $184,048.90
75 $184,048.90 $2,009.93 $0.00 $1,040.64 $187,099.47
76 $187,099.47 $2,009.93 $0.00 $1,057.89 $190,167.29
77 $190,167.29 $2,009.93 $0.00 $1,075.23 $193,252.45
78 $193,252.45 $2,009.93 $0.00 $1,092.68 $196,355.06
79 $196,355.06 $2,009.93 $0.00 $1,110.22 $199,475.21
80 $199,475.21 $2,009.93 $0.00 $1,127.86 $202,613.00
81 $202,613.00 $2,009.93 $0.00 $1,145.60 $205,768.53
82 $205,768.53 $2,009.93 $0.00 $1,163.45 $208,941.91
83 $208,941.91 $2,009.93 $0.00 $1,181.39 $212,133.23
84 $212,133.23 $2,009.93 $0.00 $1,199.43 $215,342.59
85 $215,342.59 $2,009.93 $0.00 $1,217.58 $218,570.10
86 $218,570.10 $2,009.93 $0.00 $1,235.83 $221,815.86
87 $221,815.86 $2,009.93 $0.00 $1,254.18 $225,079.97
88 $225,079.97 $2,009.93 $0.00 $1,272.63 $228,362.53
89 $228,362.53 $2,009.93 $0.00 $1,291.19 $231,663.65
90 $231,663.65 $2,009.93 $0.00 $1,309.86 $234,983.44
91 $234,983.44 $2,009.93 $0.00 $1,328.63 $238,322.00
92 $238,322.00 $2,009.93 $0.00 $1,347.51 $241,679.44
93 $241,679.44 $2,009.93 $0.00 $1,366.49 $245,055.86
94 $245,055.86 $2,009.93 $0.00 $1,385.58 $248,451.37
95 $248,451.37 $2,009.93 $0.00 $1,404.78 $251,866.08
96 $251,866.08 $2,009.93 $0.00 $1,424.09 $255,300.10
97 $255,300.10 $2,009.93 $0.00 $1,443.50 $258,753.53
98 $258,753.53 $2,009.93 $0.00 $1,463.03 $262,226.49
99 $262,226.49 $2,009.93 $0.00 $1,482.67 $265,719.09
100 $265,719.09 $2,009.93 $0.00 $1,502.41 $269,231.43
101 $269,231.43 $2,009.93 $0.00 $1,522.27 $272,763.63
102 $272,763.63 $2,009.93 $0.00 $1,542.25 $276,315.81
103 $276,315.81 $2,009.93 $0.00 $1,562.33 $279,888.07
104 $279,888.07 $2,009.93 $0.00 $1,582.53 $283,480.53
105 $283,480.53 $2,009.93 $0.00 $1,602.84 $287,093.30
106 $287,093.30 $2,009.93 $0.00 $1,623.27 $290,726.50
107 $290,726.50 $2,009.93 $0.00 $1,643.81 $294,380.24
108 $294,380.24 $2,009.93 $0.00 $1,664.47 $298,054.64
109 $298,054.64 $2,009.93 $0.00 $1,685.24 $301,749.81
110 $301,749.81 $2,009.93 $0.00 $1,706.14 $305,465.88
111 $305,465.88 $2,009.93 $0.00 $1,727.15 $309,202.96
112 $309,202.96 $2,009.93 $0.00 $1,748.28 $312,961.17
113 $312,961.17 $2,009.93 $0.00 $1,769.53 $316,740.63
114 $316,740.63 $2,009.93 $0.00 $1,790.90 $320,541.46
115 $320,541.46 $2,009.93 $0.00 $1,812.39 $324,363.78
116 $324,363.78 $2,009.93 $0.00 $1,834.00 $328,207.71
117 $328,207.71 $2,009.93 $0.00 $1,855.73 $332,073.37
118 $332,073.37 $2,009.93 $0.00 $1,877.59 $335,960.89
119 $335,960.89 $2,009.93 $0.00 $1,899.57 $339,870.39
120 $339,870.39 $2,009.93 $0.00 $1,921.68 $343,802.00
121 $343,802.00 $2,009.93 $0.00 $1,943.91 $347,755.84
122 $347,755.84 $2,009.93 $0.00 $1,966.26 $351,732.03
123 $351,732.03 $2,009.93 $0.00 $1,988.74 $355,730.70
124 $355,730.70 $2,009.93 $0.00 $2,011.35 $359,751.98
125 $359,751.98 $2,009.93 $0.00 $2,034.09 $363,796.00
126 $363,796.00 $2,009.93 $0.00 $2,056.96 $367,862.89
127 $367,862.89 $2,009.93 $0.00 $2,079.95 $371,952.77
128 $371,952.77 $2,009.93 $0.00 $2,103.08 $376,065.78
129 $376,065.78 $2,009.93 $0.00 $2,126.33 $380,202.04
130 $380,202.04 $2,009.93 $0.00 $2,149.72 $384,361.69
131 $384,361.69 $2,009.93 $0.00 $2,173.24 $388,544.86
132 $388,544.86 $2,009.93 $0.00 $2,196.89 $392,751.68
133 $392,751.68 $2,009.93 $0.00 $2,220.68 $396,982.29
134 $396,982.29 $2,009.93 $0.00 $2,244.60 $401,236.82
135 $401,236.82 $2,009.93 $0.00 $2,268.65 $405,515.40
136 $405,515.40 $2,009.93 $0.00 $2,292.84 $409,818.17
137 $409,818.17 $2,009.93 $0.00 $2,317.17 $414,145.27
138 $414,145.27 $2,009.93 $0.00 $2,341.64 $418,496.84
139 $418,496.84 $2,009.93 $0.00 $2,366.24 $422,873.01
140 $422,873.01 $2,009.93 $0.00 $2,390.99 $427,273.93
141 $427,273.93 $2,009.93 $0.00 $2,415.87 $431,699.73
142 $431,699.73 $2,009.93 $0.00 $2,440.89 $436,150.55
143 $436,150.55 $2,009.93 $0.00 $2,466.06 $440,626.54
144 $440,626.54 $2,009.93 $0.00 $2,491.37 $445,127.84
145 $445,127.84 $2,009.93 $0.00 $2,516.82 $449,654.59
146 $449,654.59 $2,009.93 $0.00 $2,542.41 $454,206.93
147 $454,206.93 $2,009.93 $0.00 $2,568.15 $458,785.01
148 $458,785.01 $2,009.93 $0.00 $2,594.04 $463,388.98
149 $463,388.98 $2,009.93 $0.00 $2,620.07 $468,018.98
150 $468,018.98 $2,009.93 $0.00 $2,646.25 $472,675.16
151 $472,675.16 $2,009.93 $0.00 $2,672.57 $477,357.66
152 $477,357.66 $2,009.93 $0.00 $2,699.05 $482,066.64
153 $482,066.64 $2,009.93 $0.00 $2,725.67 $486,802.24
154 $486,802.24 $2,009.93 $0.00 $2,752.45 $491,564.62
155 $491,564.62 $2,009.93 $0.00 $2,779.38 $496,353.93
156 $496,353.93 $2,009.93 $0.00 $2,806.46 $501,170.32
157 $501,170.32 $2,009.93 $0.00 $2,833.69 $506,013.94
158 $506,013.94 $2,009.93 $0.00 $2,861.08 $510,884.95
159 $510,884.95 $2,009.93 $0.00 $2,888.62 $515,783.50
160 $515,783.50 $2,009.93 $0.00 $2,916.31 $520,709.74
161 $520,709.74 $2,009.93 $0.00 $2,944.17 $525,663.84
162 $525,663.84 $2,009.93 $0.00 $2,972.18 $530,645.95
163 $530,645.95 $2,009.93 $0.00 $3,000.35 $535,656.23
164 $535,656.23 $2,009.93 $0.00 $3,028.68 $540,694.84
165 $540,694.84 $2,009.93 $0.00 $3,057.17 $545,761.94
166 $545,761.94 $2,009.93 $0.00 $3,085.82 $550,857.69
167 $550,857.69 $2,009.93 $0.00 $3,114.63 $555,982.25
168 $555,982.25 $2,009.93 $0.00 $3,143.60 $561,135.78
169 $561,135.78 $2,009.93 $0.00 $3,172.74 $566,318.45
170 $566,318.45 $2,009.93 $0.00 $3,202.05 $571,530.43
171 $571,530.43 $2,009.93 $0.00 $3,231.52 $576,771.88
172 $576,771.88 $2,009.93 $0.00 $3,261.15 $582,042.96
173 $582,042.96 $2,009.93 $0.00 $3,290.96 $587,343.85
174 $587,343.85 $2,009.93 $0.00 $3,320.93 $592,674.71
175 $592,674.71 $2,009.93 $0.00 $3,351.07 $598,035.71
176 $598,035.71 $2,009.93 $0.00 $3,381.38 $603,427.02
177 $603,427.02 $2,009.93 $0.00 $3,411.86 $608,848.81
178 $608,848.81 $2,009.93 $0.00 $3,442.52 $614,301.26
179 $614,301.26 $2,009.93 $0.00 $3,473.35 $619,784.54
180 $619,784.54 $2,009.93 $0.00 $3,504.35 $625,298.82
181 $625,298.82 $2,009.93 $0.00 $3,535.53 $630,844.28
182 $630,844.28 $2,009.93 $0.00 $3,566.89 $636,421.10
183 $636,421.10 $2,009.93 $0.00 $3,598.42 $642,029.45
184 $642,029.45 $2,009.93 $0.00 $3,630.13 $647,669.51
185 $647,669.51 $2,009.93 $0.00 $3,662.02 $653,341.46
186 $653,341.46 $2,009.93 $0.00 $3,694.09 $659,045.48
187 $659,045.48 $2,009.93 $0.00 $3,726.34 $664,781.75
188 $664,781.75 $2,009.93 $0.00 $3,758.77 $670,550.45
189 $670,550.45 $2,009.93 $0.00 $3,791.39 $676,351.77
190 $676,351.77 $2,009.93 $0.00 $3,824.19 $682,185.89
191 $682,185.89 $2,009.93 $0.00 $3,857.18 $688,053.00
192 $688,053.00 $2,009.93 $0.00 $3,890.35 $693,953.28
193 $693,953.28 $2,009.93 $0.00 $3,923.71 $699,886.92
194 $699,886.92 $2,009.93 $0.00 $3,957.26 $705,854.11
195 $705,854.11 $2,009.93 $0.00 $3,991.00 $711,855.04
196 $711,855.04 $2,009.93 $0.00 $4,024.93 $717,889.90
197 $717,889.90 $2,009.93 $0.00 $4,059.05 $723,958.88
198 $723,958.88 $2,009.93 $0.00 $4,093.37 $730,062.18
199 $730,062.18 $2,009.93 $0.00 $4,127.88 $736,199.99
200 $736,199.99 $2,009.93 $0.00 $4,162.58 $742,372.50
201 $742,372.50 $2,009.93 $0.00 $4,197.48 $748,579.91
202 $748,579.91 $2,009.93 $0.00 $4,232.58 $754,822.42
203 $754,822.42 $2,009.93 $0.00 $4,267.88 $761,100.23
204 $761,100.23 $2,009.93 $0.00 $4,303.37 $767,413.53
205 $767,413.53 $2,009.93 $0.00 $4,339.07 $773,762.53
206 $773,762.53 $2,009.93 $0.00 $4,374.97 $780,147.43
207 $780,147.43 $2,009.93 $0.00 $4,411.07 $786,568.43
208 $786,568.43 $2,009.93 $0.00 $4,447.37 $793,025.73
209 $793,025.73 $2,009.93 $0.00 $4,483.88 $799,519.54
210 $799,519.54 $2,009.93 $0.00 $4,520.60 $806,050.07
211 $806,050.07 $2,009.93 $0.00 $4,557.52 $812,617.52
212 $812,617.52 $2,009.93 $0.00 $4,594.66 $819,222.11
213 $819,222.11 $2,009.93 $0.00 $4,632.00 $825,864.04
214 $825,864.04 $2,009.93 $0.00 $4,669.56 $832,543.53
215 $832,543.53 $2,009.93 $0.00 $4,707.32 $839,260.78
216 $839,260.78 $2,009.93 $0.00 $4,745.30 $846,016.01
217 $846,016.01 $2,009.93 $229,118.85 $4,783.50 $623,690.59
218 $623,690.59 $2,009.93 $0.00 $3,526.44 $629,226.96
219 $629,226.96 $2,009.93 $0.00 $3,557.74 $634,794.63
220 $634,794.63 $2,009.93 $0.00 $3,589.22 $640,393.78
221 $640,393.78 $2,009.93 $0.00 $3,620.88 $646,024.59
222 $646,024.59 $2,009.93 $0.00 $3,652.72 $651,687.24
223 $651,687.24 $2,009.93 $0.00 $3,684.73 $657,381.90
224 $657,381.90 $2,009.93 $0.00 $3,716.93 $663,108.76
225 $663,108.76 $2,009.93 $0.00 $3,749.31 $668,868.00
226 $668,868.00 $2,009.93 $0.00 $3,781.88 $674,659.81
227 $674,659.81 $2,009.93 $0.00 $3,814.62 $680,484.36
228 $680,484.36 $2,009.93 $0.00 $3,847.56 $686,341.85
229 $686,341.85 $2,009.93 $245,157.17 $3,880.68 $447,075.29
230 $447,075.29 $2,009.93 $0.00 $2,527.83 $451,613.05
231 $451,613.05 $2,009.93 $0.00 $2,553.49 $456,176.47
232 $456,176.47 $2,009.93 $0.00 $2,579.29 $460,765.69
233 $460,765.69 $2,009.93 $0.00 $2,605.24 $465,380.86
234 $465,380.86 $2,009.93 $0.00 $2,631.33 $470,022.12
235 $470,022.12 $2,009.93 $0.00 $2,657.57 $474,689.62
236 $474,689.62 $2,009.93 $0.00 $2,683.96 $479,383.51
237 $479,383.51 $2,009.93 $0.00 $2,710.50 $484,103.94
238 $484,103.94 $2,009.93 $0.00 $2,737.19 $488,851.06
239 $488,851.06 $2,009.93 $0.00 $2,764.03 $493,625.02
240 $493,625.02 $2,009.93 $0.00 $2,791.03 $498,425.98
241 $498,425.98 $2,009.93 $262,318.17 $2,818.17 $240,935.91
242 $240,935.91 $2,009.93 $0.00 $1,362.29 $244,308.13
243 $244,308.13 $2,009.93 $0.00 $1,381.35 $247,699.41
244 $247,699.41 $2,009.93 $0.00 $1,400.53 $251,109.87
245 $251,109.87 $2,009.93 $0.00 $1,419.81 $254,539.61
246 $254,539.61 $2,009.93 $0.00 $1,439.20 $257,988.74
247 $257,988.74 $2,009.93 $0.00 $1,458.71 $261,457.38
248 $261,457.38 $2,009.93 $0.00 $1,478.32 $264,945.63
249 $264,945.63 $2,009.93 $0.00 $1,498.04 $268,453.60
250 $268,453.60 $2,009.93 $0.00 $1,517.88 $271,981.41
251 $271,981.41 $2,009.93 $0.00 $1,537.82 $275,529.16
252 $275,529.16 $2,009.93 $0.00 $1,557.88 $279,096.97
253 $279,096.97 $0.00 $280,680.44 $1,578.05 -$5.42