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 2041$175,622
Monthly savings required$1,390

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 $702,489.52 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,390.21 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$67,724.00
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 $1,390.21 $0.00 $0.00 $1,390.21
2 $1,390.21 $1,390.21 $0.00 $7.86 $2,788.28
3 $2,788.28 $1,390.21 $0.00 $15.77 $4,194.26
4 $4,194.26 $1,390.21 $0.00 $23.71 $5,608.18
5 $5,608.18 $1,390.21 $0.00 $31.71 $7,030.10
6 $7,030.10 $1,390.21 $0.00 $39.75 $8,460.06
7 $8,460.06 $1,390.21 $0.00 $47.83 $9,898.10
8 $9,898.10 $1,390.21 $0.00 $55.97 $11,344.28
9 $11,344.28 $1,390.21 $0.00 $64.14 $12,798.63
10 $12,798.63 $1,390.21 $0.00 $72.37 $14,261.21
11 $14,261.21 $1,390.21 $0.00 $80.63 $15,732.05
12 $15,732.05 $1,390.21 $0.00 $88.95 $17,211.21
13 $17,211.21 $1,390.21 $0.00 $97.31 $18,698.73
14 $18,698.73 $1,390.21 $0.00 $105.73 $20,194.67
15 $20,194.67 $1,390.21 $0.00 $114.18 $21,699.06
16 $21,699.06 $1,390.21 $0.00 $122.69 $23,211.96
17 $23,211.96 $1,390.21 $0.00 $131.24 $24,733.41
18 $24,733.41 $1,390.21 $0.00 $139.85 $26,263.47
19 $26,263.47 $1,390.21 $0.00 $148.50 $27,802.18
20 $27,802.18 $1,390.21 $0.00 $157.20 $29,349.59
21 $29,349.59 $1,390.21 $0.00 $165.95 $30,905.75
22 $30,905.75 $1,390.21 $0.00 $174.75 $32,470.71
23 $32,470.71 $1,390.21 $0.00 $183.59 $34,044.51
24 $34,044.51 $1,390.21 $0.00 $192.49 $35,627.21
25 $35,627.21 $1,390.21 $0.00 $201.44 $37,218.86
26 $37,218.86 $1,390.21 $0.00 $210.44 $38,819.51
27 $38,819.51 $1,390.21 $0.00 $219.49 $40,429.21
28 $40,429.21 $1,390.21 $0.00 $228.59 $42,048.01
29 $42,048.01 $1,390.21 $0.00 $237.75 $43,675.97
30 $43,675.97 $1,390.21 $0.00 $246.95 $45,313.13
31 $45,313.13 $1,390.21 $0.00 $256.21 $46,959.55
32 $46,959.55 $1,390.21 $0.00 $265.52 $48,615.28
33 $48,615.28 $1,390.21 $0.00 $274.88 $50,280.37
34 $50,280.37 $1,390.21 $0.00 $284.29 $51,954.87
35 $51,954.87 $1,390.21 $0.00 $293.76 $53,638.84
36 $53,638.84 $1,390.21 $0.00 $303.28 $55,332.33
37 $55,332.33 $1,390.21 $0.00 $312.86 $57,035.40
38 $57,035.40 $1,390.21 $0.00 $322.49 $58,748.10
39 $58,748.10 $1,390.21 $0.00 $332.17 $60,470.48
40 $60,470.48 $1,390.21 $0.00 $341.91 $62,202.60
41 $62,202.60 $1,390.21 $0.00 $351.70 $63,944.51
42 $63,944.51 $1,390.21 $0.00 $361.55 $65,696.27
43 $65,696.27 $1,390.21 $0.00 $371.46 $67,457.94
44 $67,457.94 $1,390.21 $0.00 $381.42 $69,229.57
45 $69,229.57 $1,390.21 $0.00 $391.43 $71,011.21
46 $71,011.21 $1,390.21 $0.00 $401.51 $72,802.93
47 $72,802.93 $1,390.21 $0.00 $411.64 $74,604.78
48 $74,604.78 $1,390.21 $0.00 $421.83 $76,416.82
49 $76,416.82 $1,390.21 $0.00 $432.07 $78,239.10
50 $78,239.10 $1,390.21 $0.00 $442.38 $80,071.69
51 $80,071.69 $1,390.21 $0.00 $452.74 $81,914.64
52 $81,914.64 $1,390.21 $0.00 $463.16 $83,768.01
53 $83,768.01 $1,390.21 $0.00 $473.64 $85,631.86
54 $85,631.86 $1,390.21 $0.00 $484.17 $87,506.24
55 $87,506.24 $1,390.21 $0.00 $494.77 $89,391.22
56 $89,391.22 $1,390.21 $0.00 $505.43 $91,286.86
57 $91,286.86 $1,390.21 $0.00 $516.15 $93,193.22
58 $93,193.22 $1,390.21 $0.00 $526.93 $95,110.36
59 $95,110.36 $1,390.21 $0.00 $537.77 $97,038.34
60 $97,038.34 $1,390.21 $0.00 $548.67 $98,977.22
61 $98,977.22 $1,390.21 $0.00 $559.63 $100,927.06
62 $100,927.06 $1,390.21 $0.00 $570.66 $102,887.93
63 $102,887.93 $1,390.21 $0.00 $581.74 $104,859.88
64 $104,859.88 $1,390.21 $0.00 $592.89 $106,842.98
65 $106,842.98 $1,390.21 $0.00 $604.11 $108,837.30
66 $108,837.30 $1,390.21 $0.00 $615.38 $110,842.89
67 $110,842.89 $1,390.21 $0.00 $626.72 $112,859.82
68 $112,859.82 $1,390.21 $0.00 $638.13 $114,888.16
69 $114,888.16 $1,390.21 $0.00 $649.59 $116,927.96
70 $116,927.96 $1,390.21 $0.00 $661.13 $118,979.30
71 $118,979.30 $1,390.21 $0.00 $672.73 $121,042.24
72 $121,042.24 $1,390.21 $0.00 $684.39 $123,116.84
73 $123,116.84 $1,390.21 $0.00 $696.12 $125,203.17
74 $125,203.17 $1,390.21 $0.00 $707.92 $127,301.30
75 $127,301.30 $1,390.21 $0.00 $719.78 $129,411.29
76 $129,411.29 $1,390.21 $0.00 $731.71 $131,533.21
77 $131,533.21 $1,390.21 $0.00 $743.71 $133,667.13
78 $133,667.13 $1,390.21 $0.00 $755.77 $135,813.11
79 $135,813.11 $1,390.21 $0.00 $767.91 $137,971.23
80 $137,971.23 $1,390.21 $0.00 $780.11 $140,141.55
81 $140,141.55 $1,390.21 $0.00 $792.38 $142,324.14
82 $142,324.14 $1,390.21 $0.00 $804.72 $144,519.07
83 $144,519.07 $1,390.21 $0.00 $817.13 $146,726.41
84 $146,726.41 $1,390.21 $0.00 $829.61 $148,946.23
85 $148,946.23 $1,390.21 $0.00 $842.16 $151,178.60
86 $151,178.60 $1,390.21 $0.00 $854.79 $153,423.60
87 $153,423.60 $1,390.21 $0.00 $867.48 $155,681.29
88 $155,681.29 $1,390.21 $0.00 $880.24 $157,951.74
89 $157,951.74 $1,390.21 $0.00 $893.08 $160,235.03
90 $160,235.03 $1,390.21 $0.00 $905.99 $162,531.23
91 $162,531.23 $1,390.21 $0.00 $918.98 $164,840.42
92 $164,840.42 $1,390.21 $0.00 $932.03 $167,162.66
93 $167,162.66 $1,390.21 $0.00 $945.16 $169,498.03
94 $169,498.03 $1,390.21 $0.00 $958.37 $171,846.61
95 $171,846.61 $1,390.21 $0.00 $971.65 $174,208.47
96 $174,208.47 $1,390.21 $0.00 $985.00 $176,583.68
97 $176,583.68 $1,390.21 $0.00 $998.43 $178,972.32
98 $178,972.32 $1,390.21 $0.00 $1,011.94 $181,374.47
99 $181,374.47 $1,390.21 $0.00 $1,025.52 $183,790.20
100 $183,790.20 $1,390.21 $0.00 $1,039.18 $186,219.59
101 $186,219.59 $1,390.21 $0.00 $1,052.91 $188,662.71
102 $188,662.71 $1,390.21 $0.00 $1,066.73 $191,119.65
103 $191,119.65 $1,390.21 $0.00 $1,080.62 $193,590.48
104 $193,590.48 $1,390.21 $0.00 $1,094.59 $196,075.28
105 $196,075.28 $1,390.21 $0.00 $1,108.64 $198,574.13
106 $198,574.13 $1,390.21 $0.00 $1,122.77 $201,087.11
107 $201,087.11 $1,390.21 $0.00 $1,136.98 $203,614.30
108 $203,614.30 $1,390.21 $0.00 $1,151.26 $206,155.77
109 $206,155.77 $1,390.21 $0.00 $1,165.63 $208,711.61
110 $208,711.61 $1,390.21 $0.00 $1,180.09 $211,281.91
111 $211,281.91 $1,390.21 $0.00 $1,194.62 $213,866.74
112 $213,866.74 $1,390.21 $0.00 $1,209.23 $216,466.18
113 $216,466.18 $1,390.21 $0.00 $1,223.93 $219,080.32
114 $219,080.32 $1,390.21 $0.00 $1,238.71 $221,709.24
115 $221,709.24 $1,390.21 $0.00 $1,253.58 $224,353.03
116 $224,353.03 $1,390.21 $0.00 $1,268.52 $227,011.76
117 $227,011.76 $1,390.21 $0.00 $1,283.56 $229,685.53
118 $229,685.53 $1,390.21 $0.00 $1,298.68 $232,374.42
119 $232,374.42 $1,390.21 $0.00 $1,313.88 $235,078.51
120 $235,078.51 $1,390.21 $0.00 $1,329.17 $237,797.89
121 $237,797.89 $1,390.21 $0.00 $1,344.54 $240,532.64
122 $240,532.64 $1,390.21 $0.00 $1,360.01 $243,282.86
123 $243,282.86 $1,390.21 $0.00 $1,375.56 $246,048.63
124 $246,048.63 $1,390.21 $0.00 $1,391.19 $248,830.03
125 $248,830.03 $1,390.21 $0.00 $1,406.92 $251,627.16
126 $251,627.16 $1,390.21 $0.00 $1,422.74 $254,440.11
127 $254,440.11 $1,390.21 $0.00 $1,438.64 $257,268.96
128 $257,268.96 $1,390.21 $0.00 $1,454.64 $260,113.81
129 $260,113.81 $1,390.21 $0.00 $1,470.72 $262,974.74
130 $262,974.74 $1,390.21 $0.00 $1,486.90 $265,851.85
131 $265,851.85 $1,390.21 $0.00 $1,503.17 $268,745.23
132 $268,745.23 $1,390.21 $0.00 $1,519.52 $271,654.96
133 $271,654.96 $1,390.21 $0.00 $1,535.98 $274,581.15
134 $274,581.15 $1,390.21 $0.00 $1,552.52 $277,523.88
135 $277,523.88 $1,390.21 $0.00 $1,569.16 $280,483.25
136 $280,483.25 $1,390.21 $0.00 $1,585.89 $283,459.35
137 $283,459.35 $1,390.21 $0.00 $1,602.72 $286,452.28
138 $286,452.28 $1,390.21 $0.00 $1,619.64 $289,462.13
139 $289,462.13 $1,390.21 $0.00 $1,636.66 $292,489.00
140 $292,489.00 $1,390.21 $0.00 $1,653.78 $295,532.99
141 $295,532.99 $1,390.21 $0.00 $1,670.99 $298,594.19
142 $298,594.19 $1,390.21 $0.00 $1,688.29 $301,672.69
143 $301,672.69 $1,390.21 $0.00 $1,705.70 $304,768.60
144 $304,768.60 $1,390.21 $0.00 $1,723.21 $307,882.02
145 $307,882.02 $1,390.21 $0.00 $1,740.81 $311,013.04
146 $311,013.04 $1,390.21 $0.00 $1,758.51 $314,161.76
147 $314,161.76 $1,390.21 $0.00 $1,776.32 $317,328.29
148 $317,328.29 $1,390.21 $0.00 $1,794.22 $320,512.72
149 $320,512.72 $1,390.21 $0.00 $1,812.23 $323,715.16
150 $323,715.16 $1,390.21 $0.00 $1,830.33 $326,935.70
151 $326,935.70 $1,390.21 $0.00 $1,848.54 $330,174.45
152 $330,174.45 $1,390.21 $0.00 $1,866.85 $333,431.51
153 $333,431.51 $1,390.21 $0.00 $1,885.27 $336,706.99
154 $336,706.99 $1,390.21 $0.00 $1,903.79 $340,000.99
155 $340,000.99 $1,390.21 $0.00 $1,922.42 $343,313.62
156 $343,313.62 $1,390.21 $0.00 $1,941.15 $346,644.98
157 $346,644.98 $1,390.21 $0.00 $1,959.98 $349,995.17
158 $349,995.17 $1,390.21 $0.00 $1,978.92 $353,364.30
159 $353,364.30 $1,390.21 $0.00 $1,997.97 $356,752.48
160 $356,752.48 $1,390.21 $0.00 $2,017.13 $360,159.82
161 $360,159.82 $1,390.21 $0.00 $2,036.40 $363,586.43
162 $363,586.43 $1,390.21 $0.00 $2,055.77 $367,032.41
163 $367,032.41 $1,390.21 $0.00 $2,075.25 $370,497.87
164 $370,497.87 $1,390.21 $0.00 $2,094.85 $373,982.93
165 $373,982.93 $1,390.21 $0.00 $2,114.55 $377,487.69
166 $377,487.69 $1,390.21 $0.00 $2,134.37 $381,012.27
167 $381,012.27 $1,390.21 $0.00 $2,154.30 $384,556.78
168 $384,556.78 $1,390.21 $0.00 $2,174.34 $388,121.33
169 $388,121.33 $1,390.21 $0.00 $2,194.49 $391,706.03
170 $391,706.03 $1,390.21 $0.00 $2,214.76 $395,311.00
171 $395,311.00 $1,390.21 $0.00 $2,235.15 $398,936.36
172 $398,936.36 $1,390.21 $0.00 $2,255.64 $402,582.21
173 $402,582.21 $1,390.21 $0.00 $2,276.26 $406,248.68
174 $406,248.68 $1,390.21 $0.00 $2,296.99 $409,935.88
175 $409,935.88 $1,390.21 $0.00 $2,317.84 $413,643.93
176 $413,643.93 $1,390.21 $0.00 $2,338.80 $417,372.94
177 $417,372.94 $1,390.21 $0.00 $2,359.89 $421,123.04
178 $421,123.04 $1,390.21 $0.00 $2,381.09 $424,894.34
179 $424,894.34 $1,390.21 $0.00 $2,402.41 $428,686.96
180 $428,686.96 $1,390.21 $0.00 $2,423.86 $432,501.03
181 $432,501.03 $1,390.21 $0.00 $2,445.42 $436,336.66
182 $436,336.66 $1,390.21 $0.00 $2,467.11 $440,193.98
183 $440,193.98 $1,390.21 $0.00 $2,488.92 $444,073.11
184 $444,073.11 $1,390.21 $0.00 $2,510.85 $447,974.17
185 $447,974.17 $1,390.21 $0.00 $2,532.91 $451,897.29
186 $451,897.29 $1,390.21 $0.00 $2,555.09 $455,842.59
187 $455,842.59 $1,390.21 $0.00 $2,577.40 $459,810.20
188 $459,810.20 $1,390.21 $0.00 $2,599.83 $463,800.24
189 $463,800.24 $1,390.21 $0.00 $2,622.39 $467,812.84
190 $467,812.84 $1,390.21 $0.00 $2,645.08 $471,848.13
191 $471,848.13 $1,390.21 $0.00 $2,667.90 $475,906.24
192 $475,906.24 $1,390.21 $0.00 $2,690.84 $479,987.29
193 $479,987.29 $1,390.21 $0.00 $2,713.92 $484,091.42
194 $484,091.42 $1,390.21 $0.00 $2,737.12 $488,218.75
195 $488,218.75 $1,390.21 $0.00 $2,760.46 $492,369.42
196 $492,369.42 $1,390.21 $0.00 $2,783.93 $496,543.56
197 $496,543.56 $1,390.21 $0.00 $2,807.53 $500,741.30
198 $500,741.30 $1,390.21 $0.00 $2,831.26 $504,962.77
199 $504,962.77 $1,390.21 $0.00 $2,855.13 $509,208.11
200 $509,208.11 $1,390.21 $0.00 $2,879.14 $513,477.46
201 $513,477.46 $1,390.21 $0.00 $2,903.28 $517,770.95
202 $517,770.95 $1,390.21 $0.00 $2,927.55 $522,088.71
203 $522,088.71 $1,390.21 $0.00 $2,951.97 $526,430.89
204 $526,430.89 $1,390.21 $0.00 $2,976.52 $530,797.62
205 $530,797.62 $1,390.21 $0.00 $3,001.21 $535,189.04
206 $535,189.04 $1,390.21 $0.00 $3,026.04 $539,605.29
207 $539,605.29 $1,390.21 $0.00 $3,051.01 $544,046.51
208 $544,046.51 $1,390.21 $0.00 $3,076.12 $548,512.84
209 $548,512.84 $1,390.21 $0.00 $3,101.37 $553,004.42
210 $553,004.42 $1,390.21 $0.00 $3,126.77 $557,521.40
211 $557,521.40 $1,390.21 $0.00 $3,152.31 $562,063.92
212 $562,063.92 $1,390.21 $0.00 $3,177.99 $566,632.12
213 $566,632.12 $1,390.21 $0.00 $3,203.82 $571,226.15
214 $571,226.15 $1,390.21 $0.00 $3,229.80 $575,846.16
215 $575,846.16 $1,390.21 $0.00 $3,255.92 $580,492.29
216 $580,492.29 $1,390.21 $0.00 $3,282.19 $585,164.69
217 $585,164.69 $1,390.21 $162,985.88 $3,308.61 $426,877.63
218 $426,877.63 $1,390.21 $0.00 $2,413.63 $430,681.47
219 $430,681.47 $1,390.21 $0.00 $2,435.14 $434,506.82
220 $434,506.82 $1,390.21 $0.00 $2,456.76 $438,353.79
221 $438,353.79 $1,390.21 $0.00 $2,478.52 $442,222.52
222 $442,222.52 $1,390.21 $0.00 $2,500.39 $446,113.12
223 $446,113.12 $1,390.21 $0.00 $2,522.39 $450,025.72
224 $450,025.72 $1,390.21 $0.00 $2,544.51 $453,960.44
225 $453,960.44 $1,390.21 $0.00 $2,566.76 $457,917.41
226 $457,917.41 $1,390.21 $0.00 $2,589.13 $461,896.75
227 $461,896.75 $1,390.21 $0.00 $2,611.63 $465,898.59
228 $465,898.59 $1,390.21 $0.00 $2,634.26 $469,923.06
229 $469,923.06 $1,390.21 $171,135.18 $2,657.01 $302,835.10
230 $302,835.10 $1,390.21 $0.00 $1,712.27 $305,937.58
231 $305,937.58 $1,390.21 $0.00 $1,729.82 $309,057.61
232 $309,057.61 $1,390.21 $0.00 $1,747.46 $312,195.28
233 $312,195.28 $1,390.21 $0.00 $1,765.20 $315,350.69
234 $315,350.69 $1,390.21 $0.00 $1,783.04 $318,523.94
235 $318,523.94 $1,390.21 $0.00 $1,800.98 $321,715.13
236 $321,715.13 $1,390.21 $0.00 $1,819.02 $324,924.36
237 $324,924.36 $1,390.21 $0.00 $1,837.17 $328,151.74
238 $328,151.74 $1,390.21 $0.00 $1,855.42 $331,397.37
239 $331,397.37 $1,390.21 $0.00 $1,873.77 $334,661.35
240 $334,661.35 $1,390.21 $0.00 $1,892.22 $337,943.78
241 $337,943.78 $1,390.21 $179,691.93 $1,910.78 $161,552.84
242 $161,552.84 $1,390.21 $0.00 $913.44 $163,856.49
243 $163,856.49 $1,390.21 $0.00 $926.47 $166,173.17
244 $166,173.17 $1,390.21 $0.00 $939.57 $168,502.95
245 $168,502.95 $1,390.21 $0.00 $952.74 $170,845.90
246 $170,845.90 $1,390.21 $0.00 $965.99 $173,202.10
247 $173,202.10 $1,390.21 $0.00 $979.31 $175,571.62
248 $175,571.62 $1,390.21 $0.00 $992.71 $177,954.54
249 $177,954.54 $1,390.21 $0.00 $1,006.18 $180,350.93
250 $180,350.93 $1,390.21 $0.00 $1,019.73 $182,760.87
251 $182,760.87 $1,390.21 $0.00 $1,033.36 $185,184.44
252 $185,184.44 $1,390.21 $0.00 $1,047.06 $187,621.71
253 $187,621.71 $0.00 $188,676.53 $1,060.84 $6.02