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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$141,698
Monthly savings required$1,122

How much will it cost to send your child to Roger Williams University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $566,792.16 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,121.66 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$54,642.00
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 $1,121.66 $0.00 $0.00 $1,121.66
2 $1,121.66 $1,121.66 $0.00 $6.34 $2,249.66
3 $2,249.66 $1,121.66 $0.00 $12.72 $3,384.04
4 $3,384.04 $1,121.66 $0.00 $19.13 $4,524.83
5 $4,524.83 $1,121.66 $0.00 $25.58 $5,672.07
6 $5,672.07 $1,121.66 $0.00 $32.07 $6,825.80
7 $6,825.80 $1,121.66 $0.00 $38.59 $7,986.05
8 $7,986.05 $1,121.66 $0.00 $45.15 $9,152.86
9 $9,152.86 $1,121.66 $0.00 $51.75 $10,326.27
10 $10,326.27 $1,121.66 $0.00 $58.39 $11,506.32
11 $11,506.32 $1,121.66 $0.00 $65.06 $12,693.04
12 $12,693.04 $1,121.66 $0.00 $71.77 $13,886.47
13 $13,886.47 $1,121.66 $0.00 $78.52 $15,086.65
14 $15,086.65 $1,121.66 $0.00 $85.30 $16,293.61
15 $16,293.61 $1,121.66 $0.00 $92.13 $17,507.40
16 $17,507.40 $1,121.66 $0.00 $98.99 $18,728.05
17 $18,728.05 $1,121.66 $0.00 $105.89 $19,955.60
18 $19,955.60 $1,121.66 $0.00 $112.83 $21,190.09
19 $21,190.09 $1,121.66 $0.00 $119.81 $22,431.56
20 $22,431.56 $1,121.66 $0.00 $126.83 $23,680.05
21 $23,680.05 $1,121.66 $0.00 $133.89 $24,935.60
22 $24,935.60 $1,121.66 $0.00 $140.99 $26,198.25
23 $26,198.25 $1,121.66 $0.00 $148.13 $27,468.04
24 $27,468.04 $1,121.66 $0.00 $155.31 $28,745.01
25 $28,745.01 $1,121.66 $0.00 $162.53 $30,029.20
26 $30,029.20 $1,121.66 $0.00 $169.79 $31,320.65
27 $31,320.65 $1,121.66 $0.00 $177.09 $32,619.40
28 $32,619.40 $1,121.66 $0.00 $184.43 $33,925.49
29 $33,925.49 $1,121.66 $0.00 $191.82 $35,238.97
30 $35,238.97 $1,121.66 $0.00 $199.25 $36,559.88
31 $36,559.88 $1,121.66 $0.00 $206.71 $37,888.25
32 $37,888.25 $1,121.66 $0.00 $214.23 $39,224.14
33 $39,224.14 $1,121.66 $0.00 $221.78 $40,567.58
34 $40,567.58 $1,121.66 $0.00 $229.37 $41,918.61
35 $41,918.61 $1,121.66 $0.00 $237.01 $43,277.28
36 $43,277.28 $1,121.66 $0.00 $244.70 $44,643.64
37 $44,643.64 $1,121.66 $0.00 $252.42 $46,017.72
38 $46,017.72 $1,121.66 $0.00 $260.19 $47,399.57
39 $47,399.57 $1,121.66 $0.00 $268.00 $48,789.23
40 $48,789.23 $1,121.66 $0.00 $275.86 $50,186.75
41 $50,186.75 $1,121.66 $0.00 $283.76 $51,592.17
42 $51,592.17 $1,121.66 $0.00 $291.71 $53,005.54
43 $53,005.54 $1,121.66 $0.00 $299.70 $54,426.90
44 $54,426.90 $1,121.66 $0.00 $307.74 $55,856.30
45 $55,856.30 $1,121.66 $0.00 $315.82 $57,293.78
46 $57,293.78 $1,121.66 $0.00 $323.95 $58,739.39
47 $58,739.39 $1,121.66 $0.00 $332.12 $60,193.17
48 $60,193.17 $1,121.66 $0.00 $340.34 $61,655.17
49 $61,655.17 $1,121.66 $0.00 $348.61 $63,125.44
50 $63,125.44 $1,121.66 $0.00 $356.92 $64,604.02
51 $64,604.02 $1,121.66 $0.00 $365.28 $66,090.96
52 $66,090.96 $1,121.66 $0.00 $373.69 $67,586.31
53 $67,586.31 $1,121.66 $0.00 $382.14 $69,090.11
54 $69,090.11 $1,121.66 $0.00 $390.65 $70,602.42
55 $70,602.42 $1,121.66 $0.00 $399.20 $72,123.28
56 $72,123.28 $1,121.66 $0.00 $407.80 $73,652.74
57 $73,652.74 $1,121.66 $0.00 $416.44 $75,190.84
58 $75,190.84 $1,121.66 $0.00 $425.14 $76,737.64
59 $76,737.64 $1,121.66 $0.00 $433.89 $78,293.19
60 $78,293.19 $1,121.66 $0.00 $442.68 $79,857.53
61 $79,857.53 $1,121.66 $0.00 $451.53 $81,430.72
62 $81,430.72 $1,121.66 $0.00 $460.42 $83,012.80
63 $83,012.80 $1,121.66 $0.00 $469.37 $84,603.83
64 $84,603.83 $1,121.66 $0.00 $478.36 $86,203.85
65 $86,203.85 $1,121.66 $0.00 $487.41 $87,812.92
66 $87,812.92 $1,121.66 $0.00 $496.51 $89,431.09
67 $89,431.09 $1,121.66 $0.00 $505.66 $91,058.41
68 $91,058.41 $1,121.66 $0.00 $514.86 $92,694.93
69 $92,694.93 $1,121.66 $0.00 $524.11 $94,340.70
70 $94,340.70 $1,121.66 $0.00 $533.42 $95,995.78
71 $95,995.78 $1,121.66 $0.00 $542.77 $97,660.21
72 $97,660.21 $1,121.66 $0.00 $552.19 $99,334.06
73 $99,334.06 $1,121.66 $0.00 $561.65 $101,017.37
74 $101,017.37 $1,121.66 $0.00 $571.17 $102,710.20
75 $102,710.20 $1,121.66 $0.00 $580.74 $104,412.60
76 $104,412.60 $1,121.66 $0.00 $590.36 $106,124.62
77 $106,124.62 $1,121.66 $0.00 $600.04 $107,846.32
78 $107,846.32 $1,121.66 $0.00 $609.78 $109,577.76
79 $109,577.76 $1,121.66 $0.00 $619.57 $111,318.99
80 $111,318.99 $1,121.66 $0.00 $629.41 $113,070.06
81 $113,070.06 $1,121.66 $0.00 $639.31 $114,831.03
82 $114,831.03 $1,121.66 $0.00 $649.27 $116,601.96
83 $116,601.96 $1,121.66 $0.00 $659.28 $118,382.90
84 $118,382.90 $1,121.66 $0.00 $669.35 $120,173.91
85 $120,173.91 $1,121.66 $0.00 $679.48 $121,975.05
86 $121,975.05 $1,121.66 $0.00 $689.66 $123,786.37
87 $123,786.37 $1,121.66 $0.00 $699.91 $125,607.94
88 $125,607.94 $1,121.66 $0.00 $710.21 $127,439.81
89 $127,439.81 $1,121.66 $0.00 $720.56 $129,282.03
90 $129,282.03 $1,121.66 $0.00 $730.98 $131,134.67
91 $131,134.67 $1,121.66 $0.00 $741.45 $132,997.78
92 $132,997.78 $1,121.66 $0.00 $751.99 $134,871.43
93 $134,871.43 $1,121.66 $0.00 $762.58 $136,755.67
94 $136,755.67 $1,121.66 $0.00 $773.24 $138,650.57
95 $138,650.57 $1,121.66 $0.00 $783.95 $140,556.18
96 $140,556.18 $1,121.66 $0.00 $794.73 $142,472.57
97 $142,472.57 $1,121.66 $0.00 $805.56 $144,399.79
98 $144,399.79 $1,121.66 $0.00 $816.46 $146,337.91
99 $146,337.91 $1,121.66 $0.00 $827.42 $148,286.99
100 $148,286.99 $1,121.66 $0.00 $838.44 $150,247.09
101 $150,247.09 $1,121.66 $0.00 $849.52 $152,218.27
102 $152,218.27 $1,121.66 $0.00 $860.66 $154,200.59
103 $154,200.59 $1,121.66 $0.00 $871.87 $156,194.12
104 $156,194.12 $1,121.66 $0.00 $883.14 $158,198.92
105 $158,198.92 $1,121.66 $0.00 $894.48 $160,215.06
106 $160,215.06 $1,121.66 $0.00 $905.88 $162,242.60
107 $162,242.60 $1,121.66 $0.00 $917.34 $164,281.60
108 $164,281.60 $1,121.66 $0.00 $928.87 $166,332.13
109 $166,332.13 $1,121.66 $0.00 $940.47 $168,394.26
110 $168,394.26 $1,121.66 $0.00 $952.13 $170,468.05
111 $170,468.05 $1,121.66 $0.00 $963.85 $172,553.56
112 $172,553.56 $1,121.66 $0.00 $975.64 $174,650.86
113 $174,650.86 $1,121.66 $0.00 $987.50 $176,760.02
114 $176,760.02 $1,121.66 $0.00 $999.43 $178,881.11
115 $178,881.11 $1,121.66 $0.00 $1,011.42 $181,014.19
116 $181,014.19 $1,121.66 $0.00 $1,023.48 $183,159.33
117 $183,159.33 $1,121.66 $0.00 $1,035.61 $185,316.60
118 $185,316.60 $1,121.66 $0.00 $1,047.81 $187,486.07
119 $187,486.07 $1,121.66 $0.00 $1,060.07 $189,667.80
120 $189,667.80 $1,121.66 $0.00 $1,072.41 $191,861.87
121 $191,861.87 $1,121.66 $0.00 $1,084.81 $194,068.34
122 $194,068.34 $1,121.66 $0.00 $1,097.29 $196,287.29
123 $196,287.29 $1,121.66 $0.00 $1,109.84 $198,518.79
124 $198,518.79 $1,121.66 $0.00 $1,122.45 $200,762.90
125 $200,762.90 $1,121.66 $0.00 $1,135.14 $203,019.70
126 $203,019.70 $1,121.66 $0.00 $1,147.90 $205,289.26
127 $205,289.26 $1,121.66 $0.00 $1,160.74 $207,571.66
128 $207,571.66 $1,121.66 $0.00 $1,173.64 $209,866.96
129 $209,866.96 $1,121.66 $0.00 $1,186.62 $212,175.24
130 $212,175.24 $1,121.66 $0.00 $1,199.67 $214,496.57
131 $214,496.57 $1,121.66 $0.00 $1,212.79 $216,831.02
132 $216,831.02 $1,121.66 $0.00 $1,225.99 $219,178.67
133 $219,178.67 $1,121.66 $0.00 $1,239.27 $221,539.60
134 $221,539.60 $1,121.66 $0.00 $1,252.62 $223,913.88
135 $223,913.88 $1,121.66 $0.00 $1,266.04 $226,301.58
136 $226,301.58 $1,121.66 $0.00 $1,279.54 $228,702.78
137 $228,702.78 $1,121.66 $0.00 $1,293.12 $231,117.56
138 $231,117.56 $1,121.66 $0.00 $1,306.77 $233,545.99
139 $233,545.99 $1,121.66 $0.00 $1,320.50 $235,988.15
140 $235,988.15 $1,121.66 $0.00 $1,334.31 $238,444.12
141 $238,444.12 $1,121.66 $0.00 $1,348.20 $240,913.98
142 $240,913.98 $1,121.66 $0.00 $1,362.16 $243,397.80
143 $243,397.80 $1,121.66 $0.00 $1,376.21 $245,895.67
144 $245,895.67 $1,121.66 $0.00 $1,390.33 $248,407.66
145 $248,407.66 $1,121.66 $0.00 $1,404.53 $250,933.85
146 $250,933.85 $1,121.66 $0.00 $1,418.82 $253,474.33
147 $253,474.33 $1,121.66 $0.00 $1,433.18 $256,029.17
148 $256,029.17 $1,121.66 $0.00 $1,447.63 $258,598.46
149 $258,598.46 $1,121.66 $0.00 $1,462.15 $261,182.27
150 $261,182.27 $1,121.66 $0.00 $1,476.76 $263,780.69
151 $263,780.69 $1,121.66 $0.00 $1,491.45 $266,393.80
152 $266,393.80 $1,121.66 $0.00 $1,506.23 $269,021.69
153 $269,021.69 $1,121.66 $0.00 $1,521.09 $271,664.44
154 $271,664.44 $1,121.66 $0.00 $1,536.03 $274,322.13
155 $274,322.13 $1,121.66 $0.00 $1,551.06 $276,994.85
156 $276,994.85 $1,121.66 $0.00 $1,566.17 $279,682.68
157 $279,682.68 $1,121.66 $0.00 $1,581.37 $282,385.71
158 $282,385.71 $1,121.66 $0.00 $1,596.65 $285,104.02
159 $285,104.02 $1,121.66 $0.00 $1,612.02 $287,837.70
160 $287,837.70 $1,121.66 $0.00 $1,627.48 $290,586.84
161 $290,586.84 $1,121.66 $0.00 $1,643.02 $293,351.52
162 $293,351.52 $1,121.66 $0.00 $1,658.65 $296,131.83
163 $296,131.83 $1,121.66 $0.00 $1,674.37 $298,927.86
164 $298,927.86 $1,121.66 $0.00 $1,690.18 $301,739.70
165 $301,739.70 $1,121.66 $0.00 $1,706.08 $304,567.44
166 $304,567.44 $1,121.66 $0.00 $1,722.07 $307,411.17
167 $307,411.17 $1,121.66 $0.00 $1,738.15 $310,270.98
168 $310,270.98 $1,121.66 $0.00 $1,754.32 $313,146.96
169 $313,146.96 $1,121.66 $0.00 $1,770.58 $316,039.20
170 $316,039.20 $1,121.66 $0.00 $1,786.93 $318,947.79
171 $318,947.79 $1,121.66 $0.00 $1,803.38 $321,872.83
172 $321,872.83 $1,121.66 $0.00 $1,819.92 $324,814.41
173 $324,814.41 $1,121.66 $0.00 $1,836.55 $327,772.62
174 $327,772.62 $1,121.66 $0.00 $1,853.27 $330,747.55
175 $330,747.55 $1,121.66 $0.00 $1,870.09 $333,739.30
176 $333,739.30 $1,121.66 $0.00 $1,887.01 $336,747.97
177 $336,747.97 $1,121.66 $0.00 $1,904.02 $339,773.65
178 $339,773.65 $1,121.66 $0.00 $1,921.13 $342,816.44
179 $342,816.44 $1,121.66 $0.00 $1,938.33 $345,876.43
180 $345,876.43 $1,121.66 $0.00 $1,955.64 $348,953.73
181 $348,953.73 $1,121.66 $0.00 $1,973.04 $352,048.43
182 $352,048.43 $1,121.66 $0.00 $1,990.53 $355,160.62
183 $355,160.62 $1,121.66 $0.00 $2,008.13 $358,290.41
184 $358,290.41 $1,121.66 $0.00 $2,025.83 $361,437.90
185 $361,437.90 $1,121.66 $0.00 $2,043.62 $364,603.18
186 $364,603.18 $1,121.66 $0.00 $2,061.52 $367,786.36
187 $367,786.36 $1,121.66 $0.00 $2,079.52 $370,987.54
188 $370,987.54 $1,121.66 $0.00 $2,097.62 $374,206.82
189 $374,206.82 $1,121.66 $0.00 $2,115.82 $377,444.30
190 $377,444.30 $1,121.66 $0.00 $2,134.12 $380,700.08
191 $380,700.08 $1,121.66 $0.00 $2,152.53 $383,974.27
192 $383,974.27 $1,121.66 $0.00 $2,171.05 $387,266.98
193 $387,266.98 $1,121.66 $0.00 $2,189.66 $390,578.30
194 $390,578.30 $1,121.66 $0.00 $2,208.39 $393,908.35
195 $393,908.35 $1,121.66 $0.00 $2,227.22 $397,257.23
196 $397,257.23 $1,121.66 $0.00 $2,246.15 $400,625.04
197 $400,625.04 $1,121.66 $0.00 $2,265.19 $404,011.89
198 $404,011.89 $1,121.66 $0.00 $2,284.34 $407,417.89
199 $407,417.89 $1,121.66 $0.00 $2,303.60 $410,843.15
200 $410,843.15 $1,121.66 $0.00 $2,322.97 $414,287.78
201 $414,287.78 $1,121.66 $0.00 $2,342.44 $417,751.88
202 $417,751.88 $1,121.66 $0.00 $2,362.03 $421,235.57
203 $421,235.57 $1,121.66 $0.00 $2,381.73 $424,738.96
204 $424,738.96 $1,121.66 $0.00 $2,401.54 $428,262.16
205 $428,262.16 $1,121.66 $0.00 $2,421.46 $431,805.28
206 $431,805.28 $1,121.66 $0.00 $2,441.49 $435,368.43
207 $435,368.43 $1,121.66 $0.00 $2,461.64 $438,951.73
208 $438,951.73 $1,121.66 $0.00 $2,481.90 $442,555.29
209 $442,555.29 $1,121.66 $0.00 $2,502.27 $446,179.22
210 $446,179.22 $1,121.66 $0.00 $2,522.76 $449,823.64
211 $449,823.64 $1,121.66 $0.00 $2,543.37 $453,488.67
212 $453,488.67 $1,121.66 $0.00 $2,564.09 $457,174.42
213 $457,174.42 $1,121.66 $0.00 $2,584.93 $460,881.01
214 $460,881.01 $1,121.66 $0.00 $2,605.89 $464,608.56
215 $464,608.56 $1,121.66 $0.00 $2,626.96 $468,357.18
216 $468,357.18 $1,121.66 $0.00 $2,648.16 $472,127.00
217 $472,127.00 $1,121.66 $131,502.49 $2,669.47 $344,415.64
218 $344,415.64 $1,121.66 $0.00 $1,947.38 $347,484.68
219 $347,484.68 $1,121.66 $0.00 $1,964.73 $350,571.07
220 $350,571.07 $1,121.66 $0.00 $1,982.18 $353,674.91
221 $353,674.91 $1,121.66 $0.00 $1,999.73 $356,796.30
222 $356,796.30 $1,121.66 $0.00 $2,017.38 $359,935.34
223 $359,935.34 $1,121.66 $0.00 $2,035.13 $363,092.13
224 $363,092.13 $1,121.66 $0.00 $2,052.98 $366,266.77
225 $366,266.77 $1,121.66 $0.00 $2,070.93 $369,459.36
226 $369,459.36 $1,121.66 $0.00 $2,088.98 $372,670.00
227 $372,670.00 $1,121.66 $0.00 $2,107.13 $375,898.79
228 $375,898.79 $1,121.66 $0.00 $2,125.39 $379,145.84
229 $379,145.84 $1,121.66 $138,077.61 $2,143.75 $244,333.64
230 $244,333.64 $1,121.66 $0.00 $1,381.50 $246,836.80
231 $246,836.80 $1,121.66 $0.00 $1,395.65 $249,354.11
232 $249,354.11 $1,121.66 $0.00 $1,409.88 $251,885.65
233 $251,885.65 $1,121.66 $0.00 $1,424.20 $254,431.51
234 $254,431.51 $1,121.66 $0.00 $1,438.59 $256,991.76
235 $256,991.76 $1,121.66 $0.00 $1,453.07 $259,566.49
236 $259,566.49 $1,121.66 $0.00 $1,467.63 $262,155.78
237 $262,155.78 $1,121.66 $0.00 $1,482.27 $264,759.71
238 $264,759.71 $1,121.66 $0.00 $1,496.99 $267,378.36
239 $267,378.36 $1,121.66 $0.00 $1,511.80 $270,011.82
240 $270,011.82 $1,121.66 $0.00 $1,526.69 $272,660.17
241 $272,660.17 $1,121.66 $144,981.49 $1,541.66 $130,342.00
242 $130,342.00 $1,121.66 $0.00 $736.97 $132,200.63
243 $132,200.63 $1,121.66 $0.00 $747.48 $134,069.77
244 $134,069.77 $1,121.66 $0.00 $758.05 $135,949.48
245 $135,949.48 $1,121.66 $0.00 $768.68 $137,839.82
246 $137,839.82 $1,121.66 $0.00 $779.37 $139,740.85
247 $139,740.85 $1,121.66 $0.00 $790.12 $141,652.63
248 $141,652.63 $1,121.66 $0.00 $800.92 $143,575.21
249 $143,575.21 $1,121.66 $0.00 $811.80 $145,508.67
250 $145,508.67 $1,121.66 $0.00 $822.73 $147,453.06
251 $147,453.06 $1,121.66 $0.00 $833.72 $149,408.44
252 $149,408.44 $1,121.66 $0.00 $844.78 $151,374.88
253 $151,374.88 $0.00 $152,230.57 $855.90 $0.21