Savings Plan and Future Cost Estimation for Columbia College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$92,832
Monthly savings required$735

How much will it cost to send your child to Columbia College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $371,326.56 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $734.84 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$35,798.00
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 $734.84 $0.00 $0.00 $734.84
2 $734.84 $734.84 $0.00 $4.15 $1,473.83
3 $1,473.83 $734.84 $0.00 $8.33 $2,217.00
4 $2,217.00 $734.84 $0.00 $12.54 $2,964.38
5 $2,964.38 $734.84 $0.00 $16.76 $3,715.98
6 $3,715.98 $734.84 $0.00 $21.01 $4,471.83
7 $4,471.83 $734.84 $0.00 $25.28 $5,231.95
8 $5,231.95 $734.84 $0.00 $29.58 $5,996.37
9 $5,996.37 $734.84 $0.00 $33.90 $6,765.11
10 $6,765.11 $734.84 $0.00 $38.25 $7,538.20
11 $7,538.20 $734.84 $0.00 $42.62 $8,315.66
12 $8,315.66 $734.84 $0.00 $47.02 $9,097.52
13 $9,097.52 $734.84 $0.00 $51.44 $9,883.80
14 $9,883.80 $734.84 $0.00 $55.88 $10,674.52
15 $10,674.52 $734.84 $0.00 $60.36 $11,469.72
16 $11,469.72 $734.84 $0.00 $64.85 $12,269.41
17 $12,269.41 $734.84 $0.00 $69.37 $13,073.62
18 $13,073.62 $734.84 $0.00 $73.92 $13,882.38
19 $13,882.38 $734.84 $0.00 $78.49 $14,695.71
20 $14,695.71 $734.84 $0.00 $83.09 $15,513.64
21 $15,513.64 $734.84 $0.00 $87.72 $16,336.20
22 $16,336.20 $734.84 $0.00 $92.37 $17,163.41
23 $17,163.41 $734.84 $0.00 $97.04 $17,995.29
24 $17,995.29 $734.84 $0.00 $101.75 $18,831.88
25 $18,831.88 $734.84 $0.00 $106.48 $19,673.20
26 $19,673.20 $734.84 $0.00 $111.24 $20,519.28
27 $20,519.28 $734.84 $0.00 $116.02 $21,370.14
28 $21,370.14 $734.84 $0.00 $120.83 $22,225.81
29 $22,225.81 $734.84 $0.00 $125.67 $23,086.32
30 $23,086.32 $734.84 $0.00 $130.53 $23,951.69
31 $23,951.69 $734.84 $0.00 $135.43 $24,821.96
32 $24,821.96 $734.84 $0.00 $140.35 $25,697.15
33 $25,697.15 $734.84 $0.00 $145.30 $26,577.29
34 $26,577.29 $734.84 $0.00 $150.27 $27,462.40
35 $27,462.40 $734.84 $0.00 $155.28 $28,352.52
36 $28,352.52 $734.84 $0.00 $160.31 $29,247.67
37 $29,247.67 $734.84 $0.00 $165.37 $30,147.88
38 $30,147.88 $734.84 $0.00 $170.46 $31,053.18
39 $31,053.18 $734.84 $0.00 $175.58 $31,963.60
40 $31,963.60 $734.84 $0.00 $180.73 $32,879.17
41 $32,879.17 $734.84 $0.00 $185.90 $33,799.91
42 $33,799.91 $734.84 $0.00 $191.11 $34,725.86
43 $34,725.86 $734.84 $0.00 $196.35 $35,657.05
44 $35,657.05 $734.84 $0.00 $201.61 $36,593.50
45 $36,593.50 $734.84 $0.00 $206.90 $37,535.24
46 $37,535.24 $734.84 $0.00 $212.23 $38,482.31
47 $38,482.31 $734.84 $0.00 $217.58 $39,434.73
48 $39,434.73 $734.84 $0.00 $222.97 $40,392.54
49 $40,392.54 $734.84 $0.00 $228.39 $41,355.77
50 $41,355.77 $734.84 $0.00 $233.83 $42,324.44
51 $42,324.44 $734.84 $0.00 $239.31 $43,298.59
52 $43,298.59 $734.84 $0.00 $244.82 $44,278.25
53 $44,278.25 $734.84 $0.00 $250.36 $45,263.45
54 $45,263.45 $734.84 $0.00 $255.93 $46,254.22
55 $46,254.22 $734.84 $0.00 $261.53 $47,250.59
56 $47,250.59 $734.84 $0.00 $267.16 $48,252.59
57 $48,252.59 $734.84 $0.00 $272.83 $49,260.26
58 $49,260.26 $734.84 $0.00 $278.52 $50,273.62
59 $50,273.62 $734.84 $0.00 $284.25 $51,292.71
60 $51,292.71 $734.84 $0.00 $290.02 $52,317.57
61 $52,317.57 $734.84 $0.00 $295.81 $53,348.22
62 $53,348.22 $734.84 $0.00 $301.64 $54,384.70
63 $54,384.70 $734.84 $0.00 $307.50 $55,427.04
64 $55,427.04 $734.84 $0.00 $313.39 $56,475.27
65 $56,475.27 $734.84 $0.00 $319.32 $57,529.43
66 $57,529.43 $734.84 $0.00 $325.28 $58,589.55
67 $58,589.55 $734.84 $0.00 $331.27 $59,655.66
68 $59,655.66 $734.84 $0.00 $337.30 $60,727.80
69 $60,727.80 $734.84 $0.00 $343.36 $61,806.00
70 $61,806.00 $734.84 $0.00 $349.46 $62,890.30
71 $62,890.30 $734.84 $0.00 $355.59 $63,980.73
72 $63,980.73 $734.84 $0.00 $361.76 $65,077.33
73 $65,077.33 $734.84 $0.00 $367.96 $66,180.13
74 $66,180.13 $734.84 $0.00 $374.19 $67,289.16
75 $67,289.16 $734.84 $0.00 $380.46 $68,404.46
76 $68,404.46 $734.84 $0.00 $386.77 $69,526.07
77 $69,526.07 $734.84 $0.00 $393.11 $70,654.02
78 $70,654.02 $734.84 $0.00 $399.49 $71,788.35
79 $71,788.35 $734.84 $0.00 $405.90 $72,929.09
80 $72,929.09 $734.84 $0.00 $412.35 $74,076.28
81 $74,076.28 $734.84 $0.00 $418.84 $75,229.96
82 $75,229.96 $734.84 $0.00 $425.36 $76,390.16
83 $76,390.16 $734.84 $0.00 $431.92 $77,556.92
84 $77,556.92 $734.84 $0.00 $438.52 $78,730.28
85 $78,730.28 $734.84 $0.00 $445.15 $79,910.27
86 $79,910.27 $734.84 $0.00 $451.82 $81,096.93
87 $81,096.93 $734.84 $0.00 $458.53 $82,290.30
88 $82,290.30 $734.84 $0.00 $465.28 $83,490.42
89 $83,490.42 $734.84 $0.00 $472.07 $84,697.33
90 $84,697.33 $734.84 $0.00 $478.89 $85,911.06
91 $85,911.06 $734.84 $0.00 $485.75 $87,131.65
92 $87,131.65 $734.84 $0.00 $492.66 $88,359.15
93 $88,359.15 $734.84 $0.00 $499.60 $89,593.59
94 $89,593.59 $734.84 $0.00 $506.58 $90,835.01
95 $90,835.01 $734.84 $0.00 $513.59 $92,083.44
96 $92,083.44 $734.84 $0.00 $520.65 $93,338.93
97 $93,338.93 $734.84 $0.00 $527.75 $94,601.52
98 $94,601.52 $734.84 $0.00 $534.89 $95,871.25
99 $95,871.25 $734.84 $0.00 $542.07 $97,148.16
100 $97,148.16 $734.84 $0.00 $549.29 $98,432.29
101 $98,432.29 $734.84 $0.00 $556.55 $99,723.68
102 $99,723.68 $734.84 $0.00 $563.85 $101,022.37
103 $101,022.37 $734.84 $0.00 $571.20 $102,328.41
104 $102,328.41 $734.84 $0.00 $578.58 $103,641.83
105 $103,641.83 $734.84 $0.00 $586.01 $104,962.68
106 $104,962.68 $734.84 $0.00 $593.47 $106,290.99
107 $106,290.99 $734.84 $0.00 $600.98 $107,626.81
108 $107,626.81 $734.84 $0.00 $608.54 $108,970.19
109 $108,970.19 $734.84 $0.00 $616.13 $110,321.16
110 $110,321.16 $734.84 $0.00 $623.77 $111,679.77
111 $111,679.77 $734.84 $0.00 $631.45 $113,046.06
112 $113,046.06 $734.84 $0.00 $639.18 $114,420.08
113 $114,420.08 $734.84 $0.00 $646.95 $115,801.87
114 $115,801.87 $734.84 $0.00 $654.76 $117,191.47
115 $117,191.47 $734.84 $0.00 $662.62 $118,588.93
116 $118,588.93 $734.84 $0.00 $670.52 $119,994.29
117 $119,994.29 $734.84 $0.00 $678.47 $121,407.60
118 $121,407.60 $734.84 $0.00 $686.46 $122,828.90
119 $122,828.90 $734.84 $0.00 $694.49 $124,258.23
120 $124,258.23 $734.84 $0.00 $702.57 $125,695.64
121 $125,695.64 $734.84 $0.00 $710.70 $127,141.18
122 $127,141.18 $734.84 $0.00 $718.87 $128,594.89
123 $128,594.89 $734.84 $0.00 $727.09 $130,056.82
124 $130,056.82 $734.84 $0.00 $735.36 $131,527.02
125 $131,527.02 $734.84 $0.00 $743.67 $133,005.53
126 $133,005.53 $734.84 $0.00 $752.03 $134,492.40
127 $134,492.40 $734.84 $0.00 $760.44 $135,987.68
128 $135,987.68 $734.84 $0.00 $768.89 $137,491.41
129 $137,491.41 $734.84 $0.00 $777.40 $139,003.65
130 $139,003.65 $734.84 $0.00 $785.95 $140,524.44
131 $140,524.44 $734.84 $0.00 $794.55 $142,053.83
132 $142,053.83 $734.84 $0.00 $803.19 $143,591.86
133 $143,591.86 $734.84 $0.00 $811.89 $145,138.59
134 $145,138.59 $734.84 $0.00 $820.63 $146,694.06
135 $146,694.06 $734.84 $0.00 $829.43 $148,258.33
136 $148,258.33 $734.84 $0.00 $838.27 $149,831.44
137 $149,831.44 $734.84 $0.00 $847.17 $151,413.45
138 $151,413.45 $734.84 $0.00 $856.11 $153,004.40
139 $153,004.40 $734.84 $0.00 $865.11 $154,604.35
140 $154,604.35 $734.84 $0.00 $874.16 $156,213.35
141 $156,213.35 $734.84 $0.00 $883.25 $157,831.44
142 $157,831.44 $734.84 $0.00 $892.40 $159,458.68
143 $159,458.68 $734.84 $0.00 $901.60 $161,095.12
144 $161,095.12 $734.84 $0.00 $910.86 $162,740.82
145 $162,740.82 $734.84 $0.00 $920.16 $164,395.82
146 $164,395.82 $734.84 $0.00 $929.52 $166,060.18
147 $166,060.18 $734.84 $0.00 $938.93 $167,733.95
148 $167,733.95 $734.84 $0.00 $948.39 $169,417.18
149 $169,417.18 $734.84 $0.00 $957.91 $171,109.93
150 $171,109.93 $734.84 $0.00 $967.48 $172,812.25
151 $172,812.25 $734.84 $0.00 $977.11 $174,524.20
152 $174,524.20 $734.84 $0.00 $986.79 $176,245.83
153 $176,245.83 $734.84 $0.00 $996.52 $177,977.19
154 $177,977.19 $734.84 $0.00 $1,006.31 $179,718.34
155 $179,718.34 $734.84 $0.00 $1,016.15 $181,469.33
156 $181,469.33 $734.84 $0.00 $1,026.05 $183,230.22
157 $183,230.22 $734.84 $0.00 $1,036.01 $185,001.07
158 $185,001.07 $734.84 $0.00 $1,046.02 $186,781.93
159 $186,781.93 $734.84 $0.00 $1,056.09 $188,572.86
160 $188,572.86 $734.84 $0.00 $1,066.22 $190,373.92
161 $190,373.92 $734.84 $0.00 $1,076.40 $192,185.16
162 $192,185.16 $734.84 $0.00 $1,086.64 $194,006.64
163 $194,006.64 $734.84 $0.00 $1,096.94 $195,838.42
164 $195,838.42 $734.84 $0.00 $1,107.30 $197,680.56
165 $197,680.56 $734.84 $0.00 $1,117.71 $199,533.11
166 $199,533.11 $734.84 $0.00 $1,128.19 $201,396.14
167 $201,396.14 $734.84 $0.00 $1,138.72 $203,269.70
168 $203,269.70 $734.84 $0.00 $1,149.32 $205,153.86
169 $205,153.86 $734.84 $0.00 $1,159.97 $207,048.67
170 $207,048.67 $734.84 $0.00 $1,170.68 $208,954.19
171 $208,954.19 $734.84 $0.00 $1,181.46 $210,870.49
172 $210,870.49 $734.84 $0.00 $1,192.29 $212,797.62
173 $212,797.62 $734.84 $0.00 $1,203.19 $214,735.65
174 $214,735.65 $734.84 $0.00 $1,214.15 $216,684.64
175 $216,684.64 $734.84 $0.00 $1,225.17 $218,644.65
176 $218,644.65 $734.84 $0.00 $1,236.25 $220,615.74
177 $220,615.74 $734.84 $0.00 $1,247.39 $222,597.97
178 $222,597.97 $734.84 $0.00 $1,258.60 $224,591.41
179 $224,591.41 $734.84 $0.00 $1,269.87 $226,596.12
180 $226,596.12 $734.84 $0.00 $1,281.21 $228,612.17
181 $228,612.17 $734.84 $0.00 $1,292.61 $230,639.62
182 $230,639.62 $734.84 $0.00 $1,304.07 $232,678.53
183 $232,678.53 $734.84 $0.00 $1,315.60 $234,728.97
184 $234,728.97 $734.84 $0.00 $1,327.19 $236,791.00
185 $236,791.00 $734.84 $0.00 $1,338.85 $238,864.69
186 $238,864.69 $734.84 $0.00 $1,350.58 $240,950.11
187 $240,950.11 $734.84 $0.00 $1,362.37 $243,047.32
188 $243,047.32 $734.84 $0.00 $1,374.22 $245,156.38
189 $245,156.38 $734.84 $0.00 $1,386.15 $247,277.37
190 $247,277.37 $734.84 $0.00 $1,398.14 $249,410.35
191 $249,410.35 $734.84 $0.00 $1,410.20 $251,555.39
192 $251,555.39 $734.84 $0.00 $1,422.33 $253,712.56
193 $253,712.56 $734.84 $0.00 $1,434.53 $255,881.93
194 $255,881.93 $734.84 $0.00 $1,446.79 $258,063.56
195 $258,063.56 $734.84 $0.00 $1,459.13 $260,257.53
196 $260,257.53 $734.84 $0.00 $1,471.53 $262,463.90
197 $262,463.90 $734.84 $0.00 $1,484.01 $264,682.75
198 $264,682.75 $734.84 $0.00 $1,496.55 $266,914.14
199 $266,914.14 $734.84 $0.00 $1,509.17 $269,158.15
200 $269,158.15 $734.84 $0.00 $1,521.86 $271,414.85
201 $271,414.85 $734.84 $0.00 $1,534.62 $273,684.31
202 $273,684.31 $734.84 $0.00 $1,547.45 $275,966.60
203 $275,966.60 $734.84 $0.00 $1,560.36 $278,261.80
204 $278,261.80 $734.84 $0.00 $1,573.33 $280,569.97
205 $280,569.97 $734.84 $0.00 $1,586.38 $282,891.19
206 $282,891.19 $734.84 $0.00 $1,599.51 $285,225.54
207 $285,225.54 $734.84 $0.00 $1,612.71 $287,573.09
208 $287,573.09 $734.84 $0.00 $1,625.98 $289,933.91
209 $289,933.91 $734.84 $0.00 $1,639.33 $292,308.08
210 $292,308.08 $734.84 $0.00 $1,652.75 $294,695.67
211 $294,695.67 $734.84 $0.00 $1,666.25 $297,096.76
212 $297,096.76 $734.84 $0.00 $1,679.83 $299,511.43
213 $299,511.43 $734.84 $0.00 $1,693.48 $301,939.75
214 $301,939.75 $734.84 $0.00 $1,707.21 $304,381.80
215 $304,381.80 $734.84 $0.00 $1,721.02 $306,837.66
216 $306,837.66 $734.84 $0.00 $1,734.90 $309,307.40
217 $309,307.40 $734.84 $86,152.16 $1,748.87 $225,638.95
218 $225,638.95 $734.84 $0.00 $1,275.80 $227,649.59
219 $227,649.59 $734.84 $0.00 $1,287.16 $229,671.59
220 $229,671.59 $734.84 $0.00 $1,298.60 $231,705.03
221 $231,705.03 $734.84 $0.00 $1,310.09 $233,749.96
222 $233,749.96 $734.84 $0.00 $1,321.66 $235,806.46
223 $235,806.46 $734.84 $0.00 $1,333.28 $237,874.58
224 $237,874.58 $734.84 $0.00 $1,344.98 $239,954.40
225 $239,954.40 $734.84 $0.00 $1,356.74 $242,045.98
226 $242,045.98 $734.84 $0.00 $1,368.56 $244,149.38
227 $244,149.38 $734.84 $0.00 $1,380.46 $246,264.68
228 $246,264.68 $734.84 $0.00 $1,392.42 $248,391.94
229 $248,391.94 $734.84 $90,459.76 $1,404.44 $160,071.46
230 $160,071.46 $734.84 $0.00 $905.07 $161,711.37
231 $161,711.37 $734.84 $0.00 $914.34 $163,360.55
232 $163,360.55 $734.84 $0.00 $923.66 $165,019.05
233 $165,019.05 $734.84 $0.00 $933.04 $166,686.93
234 $166,686.93 $734.84 $0.00 $942.47 $168,364.24
235 $168,364.24 $734.84 $0.00 $951.96 $170,051.04
236 $170,051.04 $734.84 $0.00 $961.49 $171,747.37
237 $171,747.37 $734.84 $0.00 $971.08 $173,453.29
238 $173,453.29 $734.84 $0.00 $980.73 $175,168.86
239 $175,168.86 $734.84 $0.00 $990.43 $176,894.13
240 $176,894.13 $734.84 $0.00 $1,000.19 $178,629.16
241 $178,629.16 $734.84 $94,982.75 $1,010.00 $85,391.25
242 $85,391.25 $734.84 $0.00 $482.81 $86,608.90
243 $86,608.90 $734.84 $0.00 $489.70 $87,833.44
244 $87,833.44 $734.84 $0.00 $496.62 $89,064.90
245 $89,064.90 $734.84 $0.00 $503.59 $90,303.33
246 $90,303.33 $734.84 $0.00 $510.59 $91,548.76
247 $91,548.76 $734.84 $0.00 $517.63 $92,801.23
248 $92,801.23 $734.84 $0.00 $524.71 $94,060.78
249 $94,060.78 $734.84 $0.00 $531.83 $95,327.45
250 $95,327.45 $734.84 $0.00 $539.00 $96,601.29
251 $96,601.29 $734.84 $0.00 $546.20 $97,882.33
252 $97,882.33 $734.84 $0.00 $553.44 $99,170.61
253 $99,170.61 $0.00 $99,731.89 $560.73 ($0.55)