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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$86,603
Monthly savings required$686

How much will it cost to send your child to Penn State Berks in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $346,411.02 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $685.54 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$33,396.00
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 $685.54 $0.00 $0.00 $685.54
2 $685.54 $685.54 $0.00 $3.88 $1,374.96
3 $1,374.96 $685.54 $0.00 $7.77 $2,068.27
4 $2,068.27 $685.54 $0.00 $11.69 $2,765.50
5 $2,765.50 $685.54 $0.00 $15.64 $3,466.68
6 $3,466.68 $685.54 $0.00 $19.60 $4,171.82
7 $4,171.82 $685.54 $0.00 $23.59 $4,880.95
8 $4,880.95 $685.54 $0.00 $27.60 $5,594.09
9 $5,594.09 $685.54 $0.00 $31.63 $6,311.26
10 $6,311.26 $685.54 $0.00 $35.68 $7,032.48
11 $7,032.48 $685.54 $0.00 $39.76 $7,757.78
12 $7,757.78 $685.54 $0.00 $43.86 $8,487.18
13 $8,487.18 $685.54 $0.00 $47.99 $9,220.71
14 $9,220.71 $685.54 $0.00 $52.14 $9,958.39
15 $9,958.39 $685.54 $0.00 $56.31 $10,700.24
16 $10,700.24 $685.54 $0.00 $60.50 $11,446.28
17 $11,446.28 $685.54 $0.00 $64.72 $12,196.54
18 $12,196.54 $685.54 $0.00 $68.96 $12,951.04
19 $12,951.04 $685.54 $0.00 $73.23 $13,709.81
20 $13,709.81 $685.54 $0.00 $77.52 $14,472.87
21 $14,472.87 $685.54 $0.00 $81.83 $15,240.24
22 $15,240.24 $685.54 $0.00 $86.17 $16,011.95
23 $16,011.95 $685.54 $0.00 $90.53 $16,788.02
24 $16,788.02 $685.54 $0.00 $94.92 $17,568.48
25 $17,568.48 $685.54 $0.00 $99.33 $18,353.35
26 $18,353.35 $685.54 $0.00 $103.77 $19,142.66
27 $19,142.66 $685.54 $0.00 $108.24 $19,936.44
28 $19,936.44 $685.54 $0.00 $112.72 $20,734.70
29 $20,734.70 $685.54 $0.00 $117.24 $21,537.48
30 $21,537.48 $685.54 $0.00 $121.78 $22,344.80
31 $22,344.80 $685.54 $0.00 $126.34 $23,156.68
32 $23,156.68 $685.54 $0.00 $130.93 $23,973.15
33 $23,973.15 $685.54 $0.00 $135.55 $24,794.24
34 $24,794.24 $685.54 $0.00 $140.19 $25,619.97
35 $25,619.97 $685.54 $0.00 $144.86 $26,450.37
36 $26,450.37 $685.54 $0.00 $149.55 $27,285.46
37 $27,285.46 $685.54 $0.00 $154.28 $28,125.28
38 $28,125.28 $685.54 $0.00 $159.02 $28,969.84
39 $28,969.84 $685.54 $0.00 $163.80 $29,819.18
40 $29,819.18 $685.54 $0.00 $168.60 $30,673.32
41 $30,673.32 $685.54 $0.00 $173.43 $31,532.29
42 $31,532.29 $685.54 $0.00 $178.29 $32,396.12
43 $32,396.12 $685.54 $0.00 $183.17 $33,264.83
44 $33,264.83 $685.54 $0.00 $188.08 $34,138.45
45 $34,138.45 $685.54 $0.00 $193.02 $35,017.01
46 $35,017.01 $685.54 $0.00 $197.99 $35,900.54
47 $35,900.54 $685.54 $0.00 $202.99 $36,789.07
48 $36,789.07 $685.54 $0.00 $208.01 $37,682.62
49 $37,682.62 $685.54 $0.00 $213.06 $38,581.22
50 $38,581.22 $685.54 $0.00 $218.14 $39,484.90
51 $39,484.90 $685.54 $0.00 $223.25 $40,393.69
52 $40,393.69 $685.54 $0.00 $228.39 $41,307.62
53 $41,307.62 $685.54 $0.00 $233.56 $42,226.72
54 $42,226.72 $685.54 $0.00 $238.76 $43,151.02
55 $43,151.02 $685.54 $0.00 $243.98 $44,080.54
56 $44,080.54 $685.54 $0.00 $249.24 $45,015.32
57 $45,015.32 $685.54 $0.00 $254.52 $45,955.38
58 $45,955.38 $685.54 $0.00 $259.84 $46,900.76
59 $46,900.76 $685.54 $0.00 $265.18 $47,851.48
60 $47,851.48 $685.54 $0.00 $270.56 $48,807.58
61 $48,807.58 $685.54 $0.00 $275.97 $49,769.09
62 $49,769.09 $685.54 $0.00 $281.40 $50,736.03
63 $50,736.03 $685.54 $0.00 $286.87 $51,708.44
64 $51,708.44 $685.54 $0.00 $292.37 $52,686.35
65 $52,686.35 $685.54 $0.00 $297.90 $53,669.79
66 $53,669.79 $685.54 $0.00 $303.46 $54,658.79
67 $54,658.79 $685.54 $0.00 $309.05 $55,653.38
68 $55,653.38 $685.54 $0.00 $314.67 $56,653.59
69 $56,653.59 $685.54 $0.00 $320.33 $57,659.46
70 $57,659.46 $685.54 $0.00 $326.01 $58,671.01
71 $58,671.01 $685.54 $0.00 $331.73 $59,688.28
72 $59,688.28 $685.54 $0.00 $337.49 $60,711.31
73 $60,711.31 $685.54 $0.00 $343.27 $61,740.12
74 $61,740.12 $685.54 $0.00 $349.09 $62,774.75
75 $62,774.75 $685.54 $0.00 $354.94 $63,815.23
76 $63,815.23 $685.54 $0.00 $360.82 $64,861.59
77 $64,861.59 $685.54 $0.00 $366.74 $65,913.87
78 $65,913.87 $685.54 $0.00 $372.69 $66,972.10
79 $66,972.10 $685.54 $0.00 $378.67 $68,036.31
80 $68,036.31 $685.54 $0.00 $384.69 $69,106.54
81 $69,106.54 $685.54 $0.00 $390.74 $70,182.82
82 $70,182.82 $685.54 $0.00 $396.82 $71,265.18
83 $71,265.18 $685.54 $0.00 $402.94 $72,353.66
84 $72,353.66 $685.54 $0.00 $409.10 $73,448.30
85 $73,448.30 $685.54 $0.00 $415.29 $74,549.13
86 $74,549.13 $685.54 $0.00 $421.51 $75,656.18
87 $75,656.18 $685.54 $0.00 $427.77 $76,769.49
88 $76,769.49 $685.54 $0.00 $434.07 $77,889.10
89 $77,889.10 $685.54 $0.00 $440.40 $79,015.04
90 $79,015.04 $685.54 $0.00 $446.76 $80,147.34
91 $80,147.34 $685.54 $0.00 $453.16 $81,286.04
92 $81,286.04 $685.54 $0.00 $459.60 $82,431.18
93 $82,431.18 $685.54 $0.00 $466.08 $83,582.80
94 $83,582.80 $685.54 $0.00 $472.59 $84,740.93
95 $84,740.93 $685.54 $0.00 $479.14 $85,905.61
96 $85,905.61 $685.54 $0.00 $485.72 $87,076.87
97 $87,076.87 $685.54 $0.00 $492.35 $88,254.76
98 $88,254.76 $685.54 $0.00 $499.01 $89,439.31
99 $89,439.31 $685.54 $0.00 $505.70 $90,630.55
100 $90,630.55 $685.54 $0.00 $512.44 $91,828.53
101 $91,828.53 $685.54 $0.00 $519.21 $93,033.28
102 $93,033.28 $685.54 $0.00 $526.02 $94,244.84
103 $94,244.84 $685.54 $0.00 $532.87 $95,463.25
104 $95,463.25 $685.54 $0.00 $539.76 $96,688.55
105 $96,688.55 $685.54 $0.00 $546.69 $97,920.78
106 $97,920.78 $685.54 $0.00 $553.66 $99,159.98
107 $99,159.98 $685.54 $0.00 $560.66 $100,406.18
108 $100,406.18 $685.54 $0.00 $567.71 $101,659.43
109 $101,659.43 $685.54 $0.00 $574.80 $102,919.77
110 $102,919.77 $685.54 $0.00 $581.92 $104,187.23
111 $104,187.23 $685.54 $0.00 $589.09 $105,461.86
112 $105,461.86 $685.54 $0.00 $596.30 $106,743.70
113 $106,743.70 $685.54 $0.00 $603.54 $108,032.78
114 $108,032.78 $685.54 $0.00 $610.83 $109,329.15
115 $109,329.15 $685.54 $0.00 $618.16 $110,632.85
116 $110,632.85 $685.54 $0.00 $625.53 $111,943.92
117 $111,943.92 $685.54 $0.00 $632.95 $113,262.41
118 $113,262.41 $685.54 $0.00 $640.40 $114,588.35
119 $114,588.35 $685.54 $0.00 $647.90 $115,921.79
120 $115,921.79 $685.54 $0.00 $655.44 $117,262.77
121 $117,262.77 $685.54 $0.00 $663.02 $118,611.33
122 $118,611.33 $685.54 $0.00 $670.65 $119,967.52
123 $119,967.52 $685.54 $0.00 $678.31 $121,331.37
124 $121,331.37 $685.54 $0.00 $686.03 $122,702.94
125 $122,702.94 $685.54 $0.00 $693.78 $124,082.26
126 $124,082.26 $685.54 $0.00 $701.58 $125,469.38
127 $125,469.38 $685.54 $0.00 $709.42 $126,864.34
128 $126,864.34 $685.54 $0.00 $717.31 $128,267.19
129 $128,267.19 $685.54 $0.00 $725.24 $129,677.97
130 $129,677.97 $685.54 $0.00 $733.22 $131,096.73
131 $131,096.73 $685.54 $0.00 $741.24 $132,523.51
132 $132,523.51 $685.54 $0.00 $749.31 $133,958.36
133 $133,958.36 $685.54 $0.00 $757.42 $135,401.32
134 $135,401.32 $685.54 $0.00 $765.58 $136,852.44
135 $136,852.44 $685.54 $0.00 $773.78 $138,311.76
136 $138,311.76 $685.54 $0.00 $782.03 $139,779.33
137 $139,779.33 $685.54 $0.00 $790.33 $141,255.20
138 $141,255.20 $685.54 $0.00 $798.68 $142,739.42
139 $142,739.42 $685.54 $0.00 $807.07 $144,232.03
140 $144,232.03 $685.54 $0.00 $815.51 $145,733.08
141 $145,733.08 $685.54 $0.00 $824.00 $147,242.62
142 $147,242.62 $685.54 $0.00 $832.53 $148,760.69
143 $148,760.69 $685.54 $0.00 $841.11 $150,287.34
144 $150,287.34 $685.54 $0.00 $849.75 $151,822.63
145 $151,822.63 $685.54 $0.00 $858.43 $153,366.60
146 $153,366.60 $685.54 $0.00 $867.16 $154,919.30
147 $154,919.30 $685.54 $0.00 $875.94 $156,480.78
148 $156,480.78 $685.54 $0.00 $884.77 $158,051.09
149 $158,051.09 $685.54 $0.00 $893.64 $159,630.27
150 $159,630.27 $685.54 $0.00 $902.57 $161,218.38
151 $161,218.38 $685.54 $0.00 $911.55 $162,815.47
152 $162,815.47 $685.54 $0.00 $920.58 $164,421.59
153 $164,421.59 $685.54 $0.00 $929.66 $166,036.79
154 $166,036.79 $685.54 $0.00 $938.80 $167,661.13
155 $167,661.13 $685.54 $0.00 $947.98 $169,294.65
156 $169,294.65 $685.54 $0.00 $957.22 $170,937.41
157 $170,937.41 $685.54 $0.00 $966.50 $172,589.45
158 $172,589.45 $685.54 $0.00 $975.85 $174,250.84
159 $174,250.84 $685.54 $0.00 $985.24 $175,921.62
160 $175,921.62 $685.54 $0.00 $994.69 $177,601.85
161 $177,601.85 $685.54 $0.00 $1,004.19 $179,291.58
162 $179,291.58 $685.54 $0.00 $1,013.74 $180,990.86
163 $180,990.86 $685.54 $0.00 $1,023.35 $182,699.75
164 $182,699.75 $685.54 $0.00 $1,033.01 $184,418.30
165 $184,418.30 $685.54 $0.00 $1,042.73 $186,146.57
166 $186,146.57 $685.54 $0.00 $1,052.50 $187,884.61
167 $187,884.61 $685.54 $0.00 $1,062.33 $189,632.48
168 $189,632.48 $685.54 $0.00 $1,072.21 $191,390.23
169 $191,390.23 $685.54 $0.00 $1,082.15 $193,157.92
170 $193,157.92 $685.54 $0.00 $1,092.14 $194,935.60
171 $194,935.60 $685.54 $0.00 $1,102.19 $196,723.33
172 $196,723.33 $685.54 $0.00 $1,112.30 $198,521.17
173 $198,521.17 $685.54 $0.00 $1,122.47 $200,329.18
174 $200,329.18 $685.54 $0.00 $1,132.69 $202,147.41
175 $202,147.41 $685.54 $0.00 $1,142.97 $203,975.92
176 $203,975.92 $685.54 $0.00 $1,153.31 $205,814.77
177 $205,814.77 $685.54 $0.00 $1,163.71 $207,664.02
178 $207,664.02 $685.54 $0.00 $1,174.16 $209,523.72
179 $209,523.72 $685.54 $0.00 $1,184.68 $211,393.94
180 $211,393.94 $685.54 $0.00 $1,195.25 $213,274.73
181 $213,274.73 $685.54 $0.00 $1,205.89 $215,166.16
182 $215,166.16 $685.54 $0.00 $1,216.58 $217,068.28
183 $217,068.28 $685.54 $0.00 $1,227.34 $218,981.16
184 $218,981.16 $685.54 $0.00 $1,238.15 $220,904.85
185 $220,904.85 $685.54 $0.00 $1,249.03 $222,839.42
186 $222,839.42 $685.54 $0.00 $1,259.97 $224,784.93
187 $224,784.93 $685.54 $0.00 $1,270.97 $226,741.44
188 $226,741.44 $685.54 $0.00 $1,282.03 $228,709.01
189 $228,709.01 $685.54 $0.00 $1,293.15 $230,687.70
190 $230,687.70 $685.54 $0.00 $1,304.34 $232,677.58
191 $232,677.58 $685.54 $0.00 $1,315.59 $234,678.71
192 $234,678.71 $685.54 $0.00 $1,326.91 $236,691.16
193 $236,691.16 $685.54 $0.00 $1,338.29 $238,714.99
194 $238,714.99 $685.54 $0.00 $1,349.73 $240,750.26
195 $240,750.26 $685.54 $0.00 $1,361.24 $242,797.04
196 $242,797.04 $685.54 $0.00 $1,372.81 $244,855.39
197 $244,855.39 $685.54 $0.00 $1,384.45 $246,925.38
198 $246,925.38 $685.54 $0.00 $1,396.15 $249,007.07
199 $249,007.07 $685.54 $0.00 $1,407.92 $251,100.53
200 $251,100.53 $685.54 $0.00 $1,419.76 $253,205.83
201 $253,205.83 $685.54 $0.00 $1,431.66 $255,323.03
202 $255,323.03 $685.54 $0.00 $1,443.63 $257,452.20
203 $257,452.20 $685.54 $0.00 $1,455.67 $259,593.41
204 $259,593.41 $685.54 $0.00 $1,467.78 $261,746.73
205 $261,746.73 $685.54 $0.00 $1,479.95 $263,912.22
206 $263,912.22 $685.54 $0.00 $1,492.20 $266,089.96
207 $266,089.96 $685.54 $0.00 $1,504.51 $268,280.01
208 $268,280.01 $685.54 $0.00 $1,516.89 $270,482.44
209 $270,482.44 $685.54 $0.00 $1,529.35 $272,697.33
210 $272,697.33 $685.54 $0.00 $1,541.87 $274,924.74
211 $274,924.74 $685.54 $0.00 $1,554.46 $277,164.74
212 $277,164.74 $685.54 $0.00 $1,567.13 $279,417.41
213 $279,417.41 $685.54 $0.00 $1,579.87 $281,682.82
214 $281,682.82 $685.54 $0.00 $1,592.68 $283,961.04
215 $283,961.04 $685.54 $0.00 $1,605.56 $286,252.14
216 $286,252.14 $685.54 $0.00 $1,618.51 $288,556.19
217 $288,556.19 $685.54 $80,371.46 $1,631.54 $210,501.81
218 $210,501.81 $685.54 $0.00 $1,190.21 $212,377.56
219 $212,377.56 $685.54 $0.00 $1,200.81 $214,263.91
220 $214,263.91 $685.54 $0.00 $1,211.48 $216,160.93
221 $216,160.93 $685.54 $0.00 $1,222.21 $218,068.68
222 $218,068.68 $685.54 $0.00 $1,232.99 $219,987.21
223 $219,987.21 $685.54 $0.00 $1,243.84 $221,916.59
224 $221,916.59 $685.54 $0.00 $1,254.75 $223,856.88
225 $223,856.88 $685.54 $0.00 $1,265.72 $225,808.14
226 $225,808.14 $685.54 $0.00 $1,276.75 $227,770.43
227 $227,770.43 $685.54 $0.00 $1,287.85 $229,743.82
228 $229,743.82 $685.54 $0.00 $1,299.00 $231,728.36
229 $231,728.36 $685.54 $84,390.03 $1,310.23 $149,334.10
230 $149,334.10 $685.54 $0.00 $844.36 $150,864.00
231 $150,864.00 $685.54 $0.00 $853.01 $152,402.55
232 $152,402.55 $685.54 $0.00 $861.71 $153,949.80
233 $153,949.80 $685.54 $0.00 $870.45 $155,505.79
234 $155,505.79 $685.54 $0.00 $879.25 $157,070.58
235 $157,070.58 $685.54 $0.00 $888.10 $158,644.22
236 $158,644.22 $685.54 $0.00 $897.00 $160,226.76
237 $160,226.76 $685.54 $0.00 $905.95 $161,818.25
238 $161,818.25 $685.54 $0.00 $914.94 $163,418.73
239 $163,418.73 $685.54 $0.00 $923.99 $165,028.26
240 $165,028.26 $685.54 $0.00 $933.09 $166,646.89
241 $166,646.89 $685.54 $88,609.53 $942.25 $79,665.15
242 $79,665.15 $685.54 $0.00 $450.44 $80,801.13
243 $80,801.13 $685.54 $0.00 $456.86 $81,943.53
244 $81,943.53 $685.54 $0.00 $463.32 $83,092.39
245 $83,092.39 $685.54 $0.00 $469.82 $84,247.75
246 $84,247.75 $685.54 $0.00 $476.35 $85,409.64
247 $85,409.64 $685.54 $0.00 $482.92 $86,578.10
248 $86,578.10 $685.54 $0.00 $489.53 $87,753.17
249 $87,753.17 $685.54 $0.00 $496.17 $88,934.88
250 $88,934.88 $685.54 $0.00 $502.85 $90,123.27
251 $90,123.27 $685.54 $0.00 $509.57 $91,318.38
252 $91,318.38 $685.54 $0.00 $516.33 $92,520.25
253 $92,520.25 $0.00 $93,040.01 $523.12 $3.36