Savings Plan and Future Cost Estimation for University of Scranton

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$170,898
Monthly savings required$1,353

How much will it cost to send your child to University of Scranton in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $683,590.22 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,352.81 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$65,902.00
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 $1,352.81 $0.00 $0.00 $1,352.81
2 $1,352.81 $1,352.81 $0.00 $7.65 $2,713.27
3 $2,713.27 $1,352.81 $0.00 $15.34 $4,081.42
4 $4,081.42 $1,352.81 $0.00 $23.08 $5,457.31
5 $5,457.31 $1,352.81 $0.00 $30.86 $6,840.98
6 $6,840.98 $1,352.81 $0.00 $38.68 $8,232.47
7 $8,232.47 $1,352.81 $0.00 $46.55 $9,631.83
8 $9,631.83 $1,352.81 $0.00 $54.46 $11,039.10
9 $11,039.10 $1,352.81 $0.00 $62.42 $12,454.33
10 $12,454.33 $1,352.81 $0.00 $70.42 $13,877.56
11 $13,877.56 $1,352.81 $0.00 $78.47 $15,308.84
12 $15,308.84 $1,352.81 $0.00 $86.56 $16,748.21
13 $16,748.21 $1,352.81 $0.00 $94.70 $18,195.72
14 $18,195.72 $1,352.81 $0.00 $102.88 $19,651.41
15 $19,651.41 $1,352.81 $0.00 $111.11 $21,115.33
16 $21,115.33 $1,352.81 $0.00 $119.39 $22,587.53
17 $22,587.53 $1,352.81 $0.00 $127.71 $24,068.05
18 $24,068.05 $1,352.81 $0.00 $136.08 $25,556.94
19 $25,556.94 $1,352.81 $0.00 $144.50 $27,054.25
20 $27,054.25 $1,352.81 $0.00 $152.97 $28,560.03
21 $28,560.03 $1,352.81 $0.00 $161.48 $30,074.32
22 $30,074.32 $1,352.81 $0.00 $170.04 $31,597.17
23 $31,597.17 $1,352.81 $0.00 $178.65 $33,128.63
24 $33,128.63 $1,352.81 $0.00 $187.31 $34,668.75
25 $34,668.75 $1,352.81 $0.00 $196.02 $36,217.58
26 $36,217.58 $1,352.81 $0.00 $204.78 $37,775.17
27 $37,775.17 $1,352.81 $0.00 $213.59 $39,341.57
28 $39,341.57 $1,352.81 $0.00 $222.44 $40,916.82
29 $40,916.82 $1,352.81 $0.00 $231.35 $42,500.98
30 $42,500.98 $1,352.81 $0.00 $240.31 $44,094.10
31 $44,094.10 $1,352.81 $0.00 $249.31 $45,696.22
32 $45,696.22 $1,352.81 $0.00 $258.37 $47,307.40
33 $47,307.40 $1,352.81 $0.00 $267.48 $48,927.69
34 $48,927.69 $1,352.81 $0.00 $276.64 $50,557.14
35 $50,557.14 $1,352.81 $0.00 $285.86 $52,195.81
36 $52,195.81 $1,352.81 $0.00 $295.12 $53,843.74
37 $53,843.74 $1,352.81 $0.00 $304.44 $55,500.99
38 $55,500.99 $1,352.81 $0.00 $313.81 $57,167.61
39 $57,167.61 $1,352.81 $0.00 $323.23 $58,843.65
40 $58,843.65 $1,352.81 $0.00 $332.71 $60,529.17
41 $60,529.17 $1,352.81 $0.00 $342.24 $62,224.22
42 $62,224.22 $1,352.81 $0.00 $351.82 $63,928.85
43 $63,928.85 $1,352.81 $0.00 $361.46 $65,643.12
44 $65,643.12 $1,352.81 $0.00 $371.16 $67,367.09
45 $67,367.09 $1,352.81 $0.00 $380.90 $69,100.80
46 $69,100.80 $1,352.81 $0.00 $390.71 $70,844.32
47 $70,844.32 $1,352.81 $0.00 $400.56 $72,597.69
48 $72,597.69 $1,352.81 $0.00 $410.48 $74,360.98
49 $74,360.98 $1,352.81 $0.00 $420.45 $76,134.24
50 $76,134.24 $1,352.81 $0.00 $430.47 $77,917.52
51 $77,917.52 $1,352.81 $0.00 $440.56 $79,710.89
52 $79,710.89 $1,352.81 $0.00 $450.70 $81,514.40
53 $81,514.40 $1,352.81 $0.00 $460.89 $83,328.10
54 $83,328.10 $1,352.81 $0.00 $471.15 $85,152.06
55 $85,152.06 $1,352.81 $0.00 $481.46 $86,986.33
56 $86,986.33 $1,352.81 $0.00 $491.83 $88,830.97
57 $88,830.97 $1,352.81 $0.00 $502.26 $90,686.04
58 $90,686.04 $1,352.81 $0.00 $512.75 $92,551.60
59 $92,551.60 $1,352.81 $0.00 $523.30 $94,427.71
60 $94,427.71 $1,352.81 $0.00 $533.91 $96,314.43
61 $96,314.43 $1,352.81 $0.00 $544.58 $98,211.82
62 $98,211.82 $1,352.81 $0.00 $555.30 $100,119.93
63 $100,119.93 $1,352.81 $0.00 $566.09 $102,038.83
64 $102,038.83 $1,352.81 $0.00 $576.94 $103,968.58
65 $103,968.58 $1,352.81 $0.00 $587.85 $105,909.24
66 $105,909.24 $1,352.81 $0.00 $598.83 $107,860.88
67 $107,860.88 $1,352.81 $0.00 $609.86 $109,823.55
68 $109,823.55 $1,352.81 $0.00 $620.96 $111,797.32
69 $111,797.32 $1,352.81 $0.00 $632.12 $113,782.25
70 $113,782.25 $1,352.81 $0.00 $643.34 $115,778.40
71 $115,778.40 $1,352.81 $0.00 $654.63 $117,785.84
72 $117,785.84 $1,352.81 $0.00 $665.98 $119,804.63
73 $119,804.63 $1,352.81 $0.00 $677.39 $121,834.83
74 $121,834.83 $1,352.81 $0.00 $688.87 $123,876.51
75 $123,876.51 $1,352.81 $0.00 $700.42 $125,929.74
76 $125,929.74 $1,352.81 $0.00 $712.03 $127,994.58
77 $127,994.58 $1,352.81 $0.00 $723.70 $130,071.09
78 $130,071.09 $1,352.81 $0.00 $735.44 $132,159.34
79 $132,159.34 $1,352.81 $0.00 $747.25 $134,259.40
80 $134,259.40 $1,352.81 $0.00 $759.12 $136,371.33
81 $136,371.33 $1,352.81 $0.00 $771.06 $138,495.20
82 $138,495.20 $1,352.81 $0.00 $783.07 $140,631.08
83 $140,631.08 $1,352.81 $0.00 $795.15 $142,779.04
84 $142,779.04 $1,352.81 $0.00 $807.29 $144,939.14
85 $144,939.14 $1,352.81 $0.00 $819.51 $147,111.46
86 $147,111.46 $1,352.81 $0.00 $831.79 $149,296.06
87 $149,296.06 $1,352.81 $0.00 $844.14 $151,493.01
88 $151,493.01 $1,352.81 $0.00 $856.56 $153,702.38
89 $153,702.38 $1,352.81 $0.00 $869.06 $155,924.25
90 $155,924.25 $1,352.81 $0.00 $881.62 $158,158.68
91 $158,158.68 $1,352.81 $0.00 $894.25 $160,405.74
92 $160,405.74 $1,352.81 $0.00 $906.96 $162,665.51
93 $162,665.51 $1,352.81 $0.00 $919.73 $164,938.05
94 $164,938.05 $1,352.81 $0.00 $932.58 $167,223.44
95 $167,223.44 $1,352.81 $0.00 $945.51 $169,521.76
96 $169,521.76 $1,352.81 $0.00 $958.50 $171,833.07
97 $171,833.07 $1,352.81 $0.00 $971.57 $174,157.45
98 $174,157.45 $1,352.81 $0.00 $984.71 $176,494.97
99 $176,494.97 $1,352.81 $0.00 $997.93 $178,845.71
100 $178,845.71 $1,352.81 $0.00 $1,011.22 $181,209.74
101 $181,209.74 $1,352.81 $0.00 $1,024.59 $183,587.14
102 $183,587.14 $1,352.81 $0.00 $1,038.03 $185,977.98
103 $185,977.98 $1,352.81 $0.00 $1,051.55 $188,382.34
104 $188,382.34 $1,352.81 $0.00 $1,065.14 $190,800.29
105 $190,800.29 $1,352.81 $0.00 $1,078.81 $193,231.91
106 $193,231.91 $1,352.81 $0.00 $1,092.56 $195,677.28
107 $195,677.28 $1,352.81 $0.00 $1,106.39 $198,136.48
108 $198,136.48 $1,352.81 $0.00 $1,120.29 $200,609.58
109 $200,609.58 $1,352.81 $0.00 $1,134.28 $203,096.67
110 $203,096.67 $1,352.81 $0.00 $1,148.34 $205,597.82
111 $205,597.82 $1,352.81 $0.00 $1,162.48 $208,113.11
112 $208,113.11 $1,352.81 $0.00 $1,176.70 $210,642.62
113 $210,642.62 $1,352.81 $0.00 $1,191.00 $213,186.43
114 $213,186.43 $1,352.81 $0.00 $1,205.39 $215,744.63
115 $215,744.63 $1,352.81 $0.00 $1,219.85 $218,317.29
116 $218,317.29 $1,352.81 $0.00 $1,234.40 $220,904.50
117 $220,904.50 $1,352.81 $0.00 $1,249.03 $223,506.34
118 $223,506.34 $1,352.81 $0.00 $1,263.74 $226,122.89
119 $226,122.89 $1,352.81 $0.00 $1,278.53 $228,754.23
120 $228,754.23 $1,352.81 $0.00 $1,293.41 $231,400.45
121 $231,400.45 $1,352.81 $0.00 $1,308.37 $234,061.63
122 $234,061.63 $1,352.81 $0.00 $1,323.42 $236,737.86
123 $236,737.86 $1,352.81 $0.00 $1,338.55 $239,429.22
124 $239,429.22 $1,352.81 $0.00 $1,353.77 $242,135.80
125 $242,135.80 $1,352.81 $0.00 $1,369.07 $244,857.68
126 $244,857.68 $1,352.81 $0.00 $1,384.46 $247,594.95
127 $247,594.95 $1,352.81 $0.00 $1,399.94 $250,347.70
128 $250,347.70 $1,352.81 $0.00 $1,415.50 $253,116.01
129 $253,116.01 $1,352.81 $0.00 $1,431.15 $255,899.97
130 $255,899.97 $1,352.81 $0.00 $1,446.90 $258,699.68
131 $258,699.68 $1,352.81 $0.00 $1,462.73 $261,515.22
132 $261,515.22 $1,352.81 $0.00 $1,478.65 $264,346.68
133 $264,346.68 $1,352.81 $0.00 $1,494.65 $267,194.14
134 $267,194.14 $1,352.81 $0.00 $1,510.75 $270,057.70
135 $270,057.70 $1,352.81 $0.00 $1,526.95 $272,937.46
136 $272,937.46 $1,352.81 $0.00 $1,543.23 $275,833.50
137 $275,833.50 $1,352.81 $0.00 $1,559.60 $278,745.91
138 $278,745.91 $1,352.81 $0.00 $1,576.07 $281,674.79
139 $281,674.79 $1,352.81 $0.00 $1,592.63 $284,620.23
140 $284,620.23 $1,352.81 $0.00 $1,609.28 $287,582.32
141 $287,582.32 $1,352.81 $0.00 $1,626.03 $290,561.16
142 $290,561.16 $1,352.81 $0.00 $1,642.88 $293,556.85
143 $293,556.85 $1,352.81 $0.00 $1,659.81 $296,569.47
144 $296,569.47 $1,352.81 $0.00 $1,676.85 $299,599.13
145 $299,599.13 $1,352.81 $0.00 $1,693.98 $302,645.92
146 $302,645.92 $1,352.81 $0.00 $1,711.20 $305,709.93
147 $305,709.93 $1,352.81 $0.00 $1,728.53 $308,791.27
148 $308,791.27 $1,352.81 $0.00 $1,745.95 $311,890.03
149 $311,890.03 $1,352.81 $0.00 $1,763.47 $315,006.31
150 $315,006.31 $1,352.81 $0.00 $1,781.09 $318,140.21
151 $318,140.21 $1,352.81 $0.00 $1,798.81 $321,291.83
152 $321,291.83 $1,352.81 $0.00 $1,816.63 $324,461.27
153 $324,461.27 $1,352.81 $0.00 $1,834.55 $327,648.63
154 $327,648.63 $1,352.81 $0.00 $1,852.57 $330,854.01
155 $330,854.01 $1,352.81 $0.00 $1,870.70 $334,077.52
156 $334,077.52 $1,352.81 $0.00 $1,888.92 $337,319.25
157 $337,319.25 $1,352.81 $0.00 $1,907.25 $340,579.31
158 $340,579.31 $1,352.81 $0.00 $1,925.68 $343,857.80
159 $343,857.80 $1,352.81 $0.00 $1,944.22 $347,154.83
160 $347,154.83 $1,352.81 $0.00 $1,962.86 $350,470.50
161 $350,470.50 $1,352.81 $0.00 $1,981.61 $353,804.92
162 $353,804.92 $1,352.81 $0.00 $2,000.46 $357,158.19
163 $357,158.19 $1,352.81 $0.00 $2,019.42 $360,530.42
164 $360,530.42 $1,352.81 $0.00 $2,038.49 $363,921.72
165 $363,921.72 $1,352.81 $0.00 $2,057.67 $367,332.20
166 $367,332.20 $1,352.81 $0.00 $2,076.95 $370,761.96
167 $370,761.96 $1,352.81 $0.00 $2,096.34 $374,211.11
168 $374,211.11 $1,352.81 $0.00 $2,115.84 $377,679.76
169 $377,679.76 $1,352.81 $0.00 $2,135.46 $381,168.03
170 $381,168.03 $1,352.81 $0.00 $2,155.18 $384,676.02
171 $384,676.02 $1,352.81 $0.00 $2,175.01 $388,203.84
172 $388,203.84 $1,352.81 $0.00 $2,194.96 $391,751.61
173 $391,751.61 $1,352.81 $0.00 $2,215.02 $395,319.44
174 $395,319.44 $1,352.81 $0.00 $2,235.19 $398,907.44
175 $398,907.44 $1,352.81 $0.00 $2,255.48 $402,515.73
176 $402,515.73 $1,352.81 $0.00 $2,275.88 $406,144.42
177 $406,144.42 $1,352.81 $0.00 $2,296.40 $409,793.63
178 $409,793.63 $1,352.81 $0.00 $2,317.03 $413,463.47
179 $413,463.47 $1,352.81 $0.00 $2,337.78 $417,154.06
180 $417,154.06 $1,352.81 $0.00 $2,358.65 $420,865.52
181 $420,865.52 $1,352.81 $0.00 $2,379.63 $424,597.96
182 $424,597.96 $1,352.81 $0.00 $2,400.74 $428,351.51
183 $428,351.51 $1,352.81 $0.00 $2,421.96 $432,126.28
184 $432,126.28 $1,352.81 $0.00 $2,443.30 $435,922.39
185 $435,922.39 $1,352.81 $0.00 $2,464.77 $439,739.97
186 $439,739.97 $1,352.81 $0.00 $2,486.35 $443,579.13
187 $443,579.13 $1,352.81 $0.00 $2,508.06 $447,440.00
188 $447,440.00 $1,352.81 $0.00 $2,529.89 $451,322.70
189 $451,322.70 $1,352.81 $0.00 $2,551.84 $455,227.35
190 $455,227.35 $1,352.81 $0.00 $2,573.92 $459,154.08
191 $459,154.08 $1,352.81 $0.00 $2,596.12 $463,103.01
192 $463,103.01 $1,352.81 $0.00 $2,618.45 $467,074.27
193 $467,074.27 $1,352.81 $0.00 $2,640.91 $471,067.99
194 $471,067.99 $1,352.81 $0.00 $2,663.49 $475,084.29
195 $475,084.29 $1,352.81 $0.00 $2,686.20 $479,123.30
196 $479,123.30 $1,352.81 $0.00 $2,709.03 $483,185.14
197 $483,185.14 $1,352.81 $0.00 $2,732.00 $487,269.95
198 $487,269.95 $1,352.81 $0.00 $2,755.10 $491,377.86
199 $491,377.86 $1,352.81 $0.00 $2,778.32 $495,508.99
200 $495,508.99 $1,352.81 $0.00 $2,801.68 $499,663.48
201 $499,663.48 $1,352.81 $0.00 $2,825.17 $503,841.46
202 $503,841.46 $1,352.81 $0.00 $2,848.79 $508,043.06
203 $508,043.06 $1,352.81 $0.00 $2,872.55 $512,268.42
204 $512,268.42 $1,352.81 $0.00 $2,896.44 $516,517.67
205 $516,517.67 $1,352.81 $0.00 $2,920.47 $520,790.95
206 $520,790.95 $1,352.81 $0.00 $2,944.63 $525,088.39
207 $525,088.39 $1,352.81 $0.00 $2,968.93 $529,410.13
208 $529,410.13 $1,352.81 $0.00 $2,993.36 $533,756.30
209 $533,756.30 $1,352.81 $0.00 $3,017.94 $538,127.05
210 $538,127.05 $1,352.81 $0.00 $3,042.65 $542,522.51
211 $542,522.51 $1,352.81 $0.00 $3,067.50 $546,942.82
212 $546,942.82 $1,352.81 $0.00 $3,092.49 $551,388.12
213 $551,388.12 $1,352.81 $0.00 $3,117.63 $555,858.56
214 $555,858.56 $1,352.81 $0.00 $3,142.91 $560,354.28
215 $560,354.28 $1,352.81 $0.00 $3,168.32 $564,875.41
216 $564,875.41 $1,352.81 $0.00 $3,193.89 $569,422.11
217 $569,422.11 $1,352.81 $158,601.02 $3,219.60 $415,393.50
218 $415,393.50 $1,352.81 $0.00 $2,348.70 $419,095.01
219 $419,095.01 $1,352.81 $0.00 $2,369.62 $422,817.44
220 $422,817.44 $1,352.81 $0.00 $2,390.67 $426,560.92
221 $426,560.92 $1,352.81 $0.00 $2,411.84 $430,325.57
222 $430,325.57 $1,352.81 $0.00 $2,433.12 $434,111.50
223 $434,111.50 $1,352.81 $0.00 $2,454.53 $437,918.84
224 $437,918.84 $1,352.81 $0.00 $2,476.06 $441,747.71
225 $441,747.71 $1,352.81 $0.00 $2,497.71 $445,598.23
226 $445,598.23 $1,352.81 $0.00 $2,519.48 $449,470.52
227 $449,470.52 $1,352.81 $0.00 $2,541.37 $453,364.70
228 $453,364.70 $1,352.81 $0.00 $2,563.39 $457,280.90
229 $457,280.90 $1,352.81 $166,531.07 $2,585.53 $294,688.17
230 $294,688.17 $1,352.81 $0.00 $1,666.21 $297,707.19
231 $297,707.19 $1,352.81 $0.00 $1,683.28 $300,743.28
232 $300,743.28 $1,352.81 $0.00 $1,700.45 $303,796.54
233 $303,796.54 $1,352.81 $0.00 $1,717.71 $306,867.06
234 $306,867.06 $1,352.81 $0.00 $1,735.07 $309,954.94
235 $309,954.94 $1,352.81 $0.00 $1,752.53 $313,060.28
236 $313,060.28 $1,352.81 $0.00 $1,770.09 $316,183.18
237 $316,183.18 $1,352.81 $0.00 $1,787.75 $319,323.74
238 $319,323.74 $1,352.81 $0.00 $1,805.50 $322,482.05
239 $322,482.05 $1,352.81 $0.00 $1,823.36 $325,658.22
240 $325,658.22 $1,352.81 $0.00 $1,841.32 $328,852.35
241 $328,852.35 $1,352.81 $174,857.63 $1,859.38 $157,206.91
242 $157,206.91 $1,352.81 $0.00 $888.87 $159,448.59
243 $159,448.59 $1,352.81 $0.00 $901.55 $161,702.95
244 $161,702.95 $1,352.81 $0.00 $914.29 $163,970.05
245 $163,970.05 $1,352.81 $0.00 $927.11 $166,249.97
246 $166,249.97 $1,352.81 $0.00 $940.00 $168,542.78
247 $168,542.78 $1,352.81 $0.00 $952.97 $170,848.56
248 $170,848.56 $1,352.81 $0.00 $966.00 $173,167.37
249 $173,167.37 $1,352.81 $0.00 $979.11 $175,499.29
250 $175,499.29 $1,352.81 $0.00 $992.30 $177,844.40
251 $177,844.40 $1,352.81 $0.00 $1,005.56 $180,202.77
252 $180,202.77 $1,352.81 $0.00 $1,018.89 $182,574.47
253 $182,574.47 $0.00 $183,600.51 $1,032.30 $6.26