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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$125,641
Monthly savings required$995

How much will it cost to send your child to Thiel College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $502,563.60 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $994.56 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$48,450.00
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 $994.56 $0.00 $0.00 $994.56
2 $994.56 $994.56 $0.00 $5.62 $1,994.74
3 $1,994.74 $994.56 $0.00 $11.28 $3,000.58
4 $3,000.58 $994.56 $0.00 $16.97 $4,012.11
5 $4,012.11 $994.56 $0.00 $22.69 $5,029.36
6 $5,029.36 $994.56 $0.00 $28.44 $6,052.36
7 $6,052.36 $994.56 $0.00 $34.22 $7,081.14
8 $7,081.14 $994.56 $0.00 $40.04 $8,115.74
9 $8,115.74 $994.56 $0.00 $45.89 $9,156.19
10 $9,156.19 $994.56 $0.00 $51.77 $10,202.52
11 $10,202.52 $994.56 $0.00 $57.69 $11,254.77
12 $11,254.77 $994.56 $0.00 $63.64 $12,312.97
13 $12,312.97 $994.56 $0.00 $69.62 $13,377.15
14 $13,377.15 $994.56 $0.00 $75.64 $14,447.35
15 $14,447.35 $994.56 $0.00 $81.69 $15,523.60
16 $15,523.60 $994.56 $0.00 $87.77 $16,605.93
17 $16,605.93 $994.56 $0.00 $93.89 $17,694.38
18 $17,694.38 $994.56 $0.00 $100.05 $18,788.99
19 $18,788.99 $994.56 $0.00 $106.24 $19,889.79
20 $19,889.79 $994.56 $0.00 $112.46 $20,996.81
21 $20,996.81 $994.56 $0.00 $118.72 $22,110.09
22 $22,110.09 $994.56 $0.00 $125.01 $23,229.66
23 $23,229.66 $994.56 $0.00 $131.34 $24,355.56
24 $24,355.56 $994.56 $0.00 $137.71 $25,487.83
25 $25,487.83 $994.56 $0.00 $144.11 $26,626.50
26 $26,626.50 $994.56 $0.00 $150.55 $27,771.61
27 $27,771.61 $994.56 $0.00 $157.02 $28,923.19
28 $28,923.19 $994.56 $0.00 $163.54 $30,081.29
29 $30,081.29 $994.56 $0.00 $170.08 $31,245.93
30 $31,245.93 $994.56 $0.00 $176.67 $32,417.16
31 $32,417.16 $994.56 $0.00 $183.29 $33,595.01
32 $33,595.01 $994.56 $0.00 $189.95 $34,779.52
33 $34,779.52 $994.56 $0.00 $196.65 $35,970.73
34 $35,970.73 $994.56 $0.00 $203.38 $37,168.67
35 $37,168.67 $994.56 $0.00 $210.16 $38,373.39
36 $38,373.39 $994.56 $0.00 $216.97 $39,584.92
37 $39,584.92 $994.56 $0.00 $223.82 $40,803.30
38 $40,803.30 $994.56 $0.00 $230.71 $42,028.57
39 $42,028.57 $994.56 $0.00 $237.64 $43,260.77
40 $43,260.77 $994.56 $0.00 $244.60 $44,499.93
41 $44,499.93 $994.56 $0.00 $251.61 $45,746.10
42 $45,746.10 $994.56 $0.00 $258.66 $46,999.32
43 $46,999.32 $994.56 $0.00 $265.74 $48,259.62
44 $48,259.62 $994.56 $0.00 $272.87 $49,527.05
45 $49,527.05 $994.56 $0.00 $280.03 $50,801.64
46 $50,801.64 $994.56 $0.00 $287.24 $52,083.44
47 $52,083.44 $994.56 $0.00 $294.49 $53,372.49
48 $53,372.49 $994.56 $0.00 $301.78 $54,668.83
49 $54,668.83 $994.56 $0.00 $309.11 $55,972.50
50 $55,972.50 $994.56 $0.00 $316.48 $57,283.54
51 $57,283.54 $994.56 $0.00 $323.89 $58,601.99
52 $58,601.99 $994.56 $0.00 $331.34 $59,927.89
53 $59,927.89 $994.56 $0.00 $338.84 $61,261.29
54 $61,261.29 $994.56 $0.00 $346.38 $62,602.23
55 $62,602.23 $994.56 $0.00 $353.96 $63,950.75
56 $63,950.75 $994.56 $0.00 $361.59 $65,306.90
57 $65,306.90 $994.56 $0.00 $369.25 $66,670.71
58 $66,670.71 $994.56 $0.00 $376.97 $68,042.24
59 $68,042.24 $994.56 $0.00 $384.72 $69,421.52
60 $69,421.52 $994.56 $0.00 $392.52 $70,808.60
61 $70,808.60 $994.56 $0.00 $400.36 $72,203.52
62 $72,203.52 $994.56 $0.00 $408.25 $73,606.33
63 $73,606.33 $994.56 $0.00 $416.18 $75,017.07
64 $75,017.07 $994.56 $0.00 $424.16 $76,435.79
65 $76,435.79 $994.56 $0.00 $432.18 $77,862.53
66 $77,862.53 $994.56 $0.00 $440.25 $79,297.34
67 $79,297.34 $994.56 $0.00 $448.36 $80,740.26
68 $80,740.26 $994.56 $0.00 $456.52 $82,191.34
69 $82,191.34 $994.56 $0.00 $464.72 $83,650.62
70 $83,650.62 $994.56 $0.00 $472.97 $85,118.15
71 $85,118.15 $994.56 $0.00 $481.27 $86,593.98
72 $86,593.98 $994.56 $0.00 $489.61 $88,078.15
73 $88,078.15 $994.56 $0.00 $498.01 $89,570.72
74 $89,570.72 $994.56 $0.00 $506.45 $91,071.73
75 $91,071.73 $994.56 $0.00 $514.93 $92,581.22
76 $92,581.22 $994.56 $0.00 $523.47 $94,099.25
77 $94,099.25 $994.56 $0.00 $532.05 $95,625.86
78 $95,625.86 $994.56 $0.00 $540.68 $97,161.10
79 $97,161.10 $994.56 $0.00 $549.36 $98,705.02
80 $98,705.02 $994.56 $0.00 $558.09 $100,257.67
81 $100,257.67 $994.56 $0.00 $566.87 $101,819.10
82 $101,819.10 $994.56 $0.00 $575.70 $103,389.36
83 $103,389.36 $994.56 $0.00 $584.58 $104,968.50
84 $104,968.50 $994.56 $0.00 $593.51 $106,556.57
85 $106,556.57 $994.56 $0.00 $602.49 $108,153.62
86 $108,153.62 $994.56 $0.00 $611.52 $109,759.70
87 $109,759.70 $994.56 $0.00 $620.60 $111,374.86
88 $111,374.86 $994.56 $0.00 $629.73 $112,999.15
89 $112,999.15 $994.56 $0.00 $638.91 $114,632.62
90 $114,632.62 $994.56 $0.00 $648.15 $116,275.33
91 $116,275.33 $994.56 $0.00 $657.44 $117,927.33
92 $117,927.33 $994.56 $0.00 $666.78 $119,588.67
93 $119,588.67 $994.56 $0.00 $676.17 $121,259.40
94 $121,259.40 $994.56 $0.00 $685.62 $122,939.58
95 $122,939.58 $994.56 $0.00 $695.12 $124,629.26
96 $124,629.26 $994.56 $0.00 $704.67 $126,328.49
97 $126,328.49 $994.56 $0.00 $714.28 $128,037.33
98 $128,037.33 $994.56 $0.00 $723.94 $129,755.83
99 $129,755.83 $994.56 $0.00 $733.66 $131,484.05
100 $131,484.05 $994.56 $0.00 $743.43 $133,222.04
101 $133,222.04 $994.56 $0.00 $753.26 $134,969.86
102 $134,969.86 $994.56 $0.00 $763.14 $136,727.56
103 $136,727.56 $994.56 $0.00 $773.08 $138,495.20
104 $138,495.20 $994.56 $0.00 $783.07 $140,272.83
105 $140,272.83 $994.56 $0.00 $793.12 $142,060.51
106 $142,060.51 $994.56 $0.00 $803.23 $143,858.30
107 $143,858.30 $994.56 $0.00 $813.40 $145,666.26
108 $145,666.26 $994.56 $0.00 $823.62 $147,484.44
109 $147,484.44 $994.56 $0.00 $833.90 $149,312.90
110 $149,312.90 $994.56 $0.00 $844.24 $151,151.70
111 $151,151.70 $994.56 $0.00 $854.63 $153,000.89
112 $153,000.89 $994.56 $0.00 $865.09 $154,860.54
113 $154,860.54 $994.56 $0.00 $875.60 $156,730.70
114 $156,730.70 $994.56 $0.00 $886.18 $158,611.44
115 $158,611.44 $994.56 $0.00 $896.81 $160,502.81
116 $160,502.81 $994.56 $0.00 $907.51 $162,404.88
117 $162,404.88 $994.56 $0.00 $918.26 $164,317.70
118 $164,317.70 $994.56 $0.00 $929.08 $166,241.34
119 $166,241.34 $994.56 $0.00 $939.95 $168,175.85
120 $168,175.85 $994.56 $0.00 $950.89 $170,121.30
121 $170,121.30 $994.56 $0.00 $961.89 $172,077.75
122 $172,077.75 $994.56 $0.00 $972.95 $174,045.26
123 $174,045.26 $994.56 $0.00 $984.08 $176,023.90
124 $176,023.90 $994.56 $0.00 $995.26 $178,013.72
125 $178,013.72 $994.56 $0.00 $1,006.52 $180,014.80
126 $180,014.80 $994.56 $0.00 $1,017.83 $182,027.19
127 $182,027.19 $994.56 $0.00 $1,029.21 $184,050.96
128 $184,050.96 $994.56 $0.00 $1,040.65 $186,086.17
129 $186,086.17 $994.56 $0.00 $1,052.16 $188,132.89
130 $188,132.89 $994.56 $0.00 $1,063.73 $190,191.18
131 $190,191.18 $994.56 $0.00 $1,075.37 $192,261.11
132 $192,261.11 $994.56 $0.00 $1,087.07 $194,342.74
133 $194,342.74 $994.56 $0.00 $1,098.84 $196,436.14
134 $196,436.14 $994.56 $0.00 $1,110.68 $198,541.38
135 $198,541.38 $994.56 $0.00 $1,122.58 $200,658.52
136 $200,658.52 $994.56 $0.00 $1,134.55 $202,787.63
137 $202,787.63 $994.56 $0.00 $1,146.59 $204,928.78
138 $204,928.78 $994.56 $0.00 $1,158.70 $207,082.04
139 $207,082.04 $994.56 $0.00 $1,170.87 $209,247.47
140 $209,247.47 $994.56 $0.00 $1,183.12 $211,425.15
141 $211,425.15 $994.56 $0.00 $1,195.43 $213,615.14
142 $213,615.14 $994.56 $0.00 $1,207.81 $215,817.51
143 $215,817.51 $994.56 $0.00 $1,220.26 $218,032.33
144 $218,032.33 $994.56 $0.00 $1,232.79 $220,259.68
145 $220,259.68 $994.56 $0.00 $1,245.38 $222,499.62
146 $222,499.62 $994.56 $0.00 $1,258.05 $224,752.23
147 $224,752.23 $994.56 $0.00 $1,270.78 $227,017.57
148 $227,017.57 $994.56 $0.00 $1,283.59 $229,295.72
149 $229,295.72 $994.56 $0.00 $1,296.47 $231,586.75
150 $231,586.75 $994.56 $0.00 $1,309.43 $233,890.74
151 $233,890.74 $994.56 $0.00 $1,322.45 $236,207.75
152 $236,207.75 $994.56 $0.00 $1,335.55 $238,537.86
153 $238,537.86 $994.56 $0.00 $1,348.73 $240,881.15
154 $240,881.15 $994.56 $0.00 $1,361.98 $243,237.69
155 $243,237.69 $994.56 $0.00 $1,375.30 $245,607.55
156 $245,607.55 $994.56 $0.00 $1,388.70 $247,990.81
157 $247,990.81 $994.56 $0.00 $1,402.18 $250,387.55
158 $250,387.55 $994.56 $0.00 $1,415.73 $252,797.84
159 $252,797.84 $994.56 $0.00 $1,429.36 $255,221.76
160 $255,221.76 $994.56 $0.00 $1,443.06 $257,659.38
161 $257,659.38 $994.56 $0.00 $1,456.84 $260,110.78
162 $260,110.78 $994.56 $0.00 $1,470.70 $262,576.04
163 $262,576.04 $994.56 $0.00 $1,484.64 $265,055.24
164 $265,055.24 $994.56 $0.00 $1,498.66 $267,548.46
165 $267,548.46 $994.56 $0.00 $1,512.76 $270,055.78
166 $270,055.78 $994.56 $0.00 $1,526.93 $272,577.27
167 $272,577.27 $994.56 $0.00 $1,541.19 $275,113.02
168 $275,113.02 $994.56 $0.00 $1,555.53 $277,663.11
169 $277,663.11 $994.56 $0.00 $1,569.95 $280,227.62
170 $280,227.62 $994.56 $0.00 $1,584.45 $282,806.63
171 $282,806.63 $994.56 $0.00 $1,599.03 $285,400.22
172 $285,400.22 $994.56 $0.00 $1,613.69 $288,008.47
173 $288,008.47 $994.56 $0.00 $1,628.44 $290,631.47
174 $290,631.47 $994.56 $0.00 $1,643.27 $293,269.30
175 $293,269.30 $994.56 $0.00 $1,658.19 $295,922.05
176 $295,922.05 $994.56 $0.00 $1,673.19 $298,589.80
177 $298,589.80 $994.56 $0.00 $1,688.27 $301,272.63
178 $301,272.63 $994.56 $0.00 $1,703.44 $303,970.63
179 $303,970.63 $994.56 $0.00 $1,718.69 $306,683.88
180 $306,683.88 $994.56 $0.00 $1,734.04 $309,412.48
181 $309,412.48 $994.56 $0.00 $1,749.46 $312,156.50
182 $312,156.50 $994.56 $0.00 $1,764.98 $314,916.04
183 $314,916.04 $994.56 $0.00 $1,780.58 $317,691.18
184 $317,691.18 $994.56 $0.00 $1,796.27 $320,482.01
185 $320,482.01 $994.56 $0.00 $1,812.05 $323,288.62
186 $323,288.62 $994.56 $0.00 $1,827.92 $326,111.10
187 $326,111.10 $994.56 $0.00 $1,843.88 $328,949.54
188 $328,949.54 $994.56 $0.00 $1,859.93 $331,804.03
189 $331,804.03 $994.56 $0.00 $1,876.07 $334,674.66
190 $334,674.66 $994.56 $0.00 $1,892.30 $337,561.52
191 $337,561.52 $994.56 $0.00 $1,908.62 $340,464.70
192 $340,464.70 $994.56 $0.00 $1,925.04 $343,384.30
193 $343,384.30 $994.56 $0.00 $1,941.54 $346,320.40
194 $346,320.40 $994.56 $0.00 $1,958.15 $349,273.11
195 $349,273.11 $994.56 $0.00 $1,974.84 $352,242.51
196 $352,242.51 $994.56 $0.00 $1,991.63 $355,228.70
197 $355,228.70 $994.56 $0.00 $2,008.51 $358,231.77
198 $358,231.77 $994.56 $0.00 $2,025.49 $361,251.82
199 $361,251.82 $994.56 $0.00 $2,042.57 $364,288.95
200 $364,288.95 $994.56 $0.00 $2,059.74 $367,343.25
201 $367,343.25 $994.56 $0.00 $2,077.01 $370,414.82
202 $370,414.82 $994.56 $0.00 $2,094.38 $373,503.76
203 $373,503.76 $994.56 $0.00 $2,111.84 $376,610.16
204 $376,610.16 $994.56 $0.00 $2,129.41 $379,734.13
205 $379,734.13 $994.56 $0.00 $2,147.07 $382,875.76
206 $382,875.76 $994.56 $0.00 $2,164.84 $386,035.16
207 $386,035.16 $994.56 $0.00 $2,182.70 $389,212.42
208 $389,212.42 $994.56 $0.00 $2,200.66 $392,407.64
209 $392,407.64 $994.56 $0.00 $2,218.73 $395,620.93
210 $395,620.93 $994.56 $0.00 $2,236.90 $398,852.39
211 $398,852.39 $994.56 $0.00 $2,255.17 $402,102.12
212 $402,102.12 $994.56 $0.00 $2,273.54 $405,370.22
213 $405,370.22 $994.56 $0.00 $2,292.02 $408,656.80
214 $408,656.80 $994.56 $0.00 $2,310.60 $411,961.96
215 $411,961.96 $994.56 $0.00 $2,329.29 $415,285.81
216 $415,285.81 $994.56 $0.00 $2,348.09 $418,628.46
217 $418,628.46 $994.56 $116,600.70 $2,366.99 $305,389.31
218 $305,389.31 $994.56 $0.00 $1,726.72 $308,110.59
219 $308,110.59 $994.56 $0.00 $1,742.10 $310,847.25
220 $310,847.25 $994.56 $0.00 $1,757.58 $313,599.39
221 $313,599.39 $994.56 $0.00 $1,773.14 $316,367.09
222 $316,367.09 $994.56 $0.00 $1,788.79 $319,150.44
223 $319,150.44 $994.56 $0.00 $1,804.52 $321,949.52
224 $321,949.52 $994.56 $0.00 $1,820.35 $324,764.43
225 $324,764.43 $994.56 $0.00 $1,836.27 $327,595.26
226 $327,595.26 $994.56 $0.00 $1,852.27 $330,442.09
227 $330,442.09 $994.56 $0.00 $1,868.37 $333,305.02
228 $333,305.02 $994.56 $0.00 $1,884.56 $336,184.14
229 $336,184.14 $994.56 $122,430.74 $1,900.83 $216,648.79
230 $216,648.79 $994.56 $0.00 $1,224.96 $218,868.31
231 $218,868.31 $994.56 $0.00 $1,237.51 $221,100.38
232 $221,100.38 $994.56 $0.00 $1,250.13 $223,345.07
233 $223,345.07 $994.56 $0.00 $1,262.83 $225,602.46
234 $225,602.46 $994.56 $0.00 $1,275.59 $227,872.61
235 $227,872.61 $994.56 $0.00 $1,288.42 $230,155.59
236 $230,155.59 $994.56 $0.00 $1,301.33 $232,451.48
237 $232,451.48 $994.56 $0.00 $1,314.31 $234,760.35
238 $234,760.35 $994.56 $0.00 $1,327.37 $237,082.28
239 $237,082.28 $994.56 $0.00 $1,340.50 $239,417.34
240 $239,417.34 $994.56 $0.00 $1,353.70 $241,765.60
241 $241,765.60 $994.56 $128,552.27 $1,366.98 $115,574.87
242 $115,574.87 $994.56 $0.00 $653.48 $117,222.91
243 $117,222.91 $994.56 $0.00 $662.80 $118,880.27
244 $118,880.27 $994.56 $0.00 $672.17 $120,547.00
245 $120,547.00 $994.56 $0.00 $681.59 $122,223.15
246 $122,223.15 $994.56 $0.00 $691.07 $123,908.78
247 $123,908.78 $994.56 $0.00 $700.60 $125,603.94
248 $125,603.94 $994.56 $0.00 $710.18 $127,308.68
249 $127,308.68 $994.56 $0.00 $719.82 $129,023.06
250 $129,023.06 $994.56 $0.00 $729.52 $130,747.14
251 $130,747.14 $994.56 $0.00 $739.26 $132,480.96
252 $132,480.96 $994.56 $0.00 $749.07 $134,224.59
253 $134,224.59 $0.00 $134,979.89 $758.93 $3.63