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 2040$91,691
Monthly savings required$726

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 $366,762.51 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $725.81 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$35,358.00
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 $725.81 $0.00 $0.00 $725.81
2 $725.81 $725.81 $0.00 $4.10 $1,455.72
3 $1,455.72 $725.81 $0.00 $8.23 $2,189.76
4 $2,189.76 $725.81 $0.00 $12.38 $2,927.95
5 $2,927.95 $725.81 $0.00 $16.56 $3,670.32
6 $3,670.32 $725.81 $0.00 $20.75 $4,416.88
7 $4,416.88 $725.81 $0.00 $24.97 $5,167.66
8 $5,167.66 $725.81 $0.00 $29.22 $5,922.69
9 $5,922.69 $725.81 $0.00 $33.49 $6,681.99
10 $6,681.99 $725.81 $0.00 $37.78 $7,445.58
11 $7,445.58 $725.81 $0.00 $42.10 $8,213.49
12 $8,213.49 $725.81 $0.00 $46.44 $8,985.74
13 $8,985.74 $725.81 $0.00 $50.81 $9,762.36
14 $9,762.36 $725.81 $0.00 $55.20 $10,543.37
15 $10,543.37 $725.81 $0.00 $59.61 $11,328.79
16 $11,328.79 $725.81 $0.00 $64.05 $12,118.65
17 $12,118.65 $725.81 $0.00 $68.52 $12,912.98
18 $12,912.98 $725.81 $0.00 $73.01 $13,711.80
19 $13,711.80 $725.81 $0.00 $77.53 $14,515.14
20 $14,515.14 $725.81 $0.00 $82.07 $15,323.02
21 $15,323.02 $725.81 $0.00 $86.64 $16,135.47
22 $16,135.47 $725.81 $0.00 $91.23 $16,952.51
23 $16,952.51 $725.81 $0.00 $95.85 $17,774.17
24 $17,774.17 $725.81 $0.00 $100.50 $18,600.48
25 $18,600.48 $725.81 $0.00 $105.17 $19,431.46
26 $19,431.46 $725.81 $0.00 $109.87 $20,267.14
27 $20,267.14 $725.81 $0.00 $114.59 $21,107.54
28 $21,107.54 $725.81 $0.00 $119.35 $21,952.70
29 $21,952.70 $725.81 $0.00 $124.12 $22,802.63
30 $22,802.63 $725.81 $0.00 $128.93 $23,657.37
31 $23,657.37 $725.81 $0.00 $133.76 $24,516.94
32 $24,516.94 $725.81 $0.00 $138.62 $25,381.37
33 $25,381.37 $725.81 $0.00 $143.51 $26,250.69
34 $26,250.69 $725.81 $0.00 $148.43 $27,124.93
35 $27,124.93 $725.81 $0.00 $153.37 $28,004.11
36 $28,004.11 $725.81 $0.00 $158.34 $28,888.26
37 $28,888.26 $725.81 $0.00 $163.34 $29,777.41
38 $29,777.41 $725.81 $0.00 $168.37 $30,671.59
39 $30,671.59 $725.81 $0.00 $173.42 $31,570.82
40 $31,570.82 $725.81 $0.00 $178.51 $32,475.14
41 $32,475.14 $725.81 $0.00 $183.62 $33,384.57
42 $33,384.57 $725.81 $0.00 $188.76 $34,299.14
43 $34,299.14 $725.81 $0.00 $193.93 $35,218.88
44 $35,218.88 $725.81 $0.00 $199.13 $36,143.82
45 $36,143.82 $725.81 $0.00 $204.36 $37,073.99
46 $37,073.99 $725.81 $0.00 $209.62 $38,009.42
47 $38,009.42 $725.81 $0.00 $214.91 $38,950.14
48 $38,950.14 $725.81 $0.00 $220.23 $39,896.18
49 $39,896.18 $725.81 $0.00 $225.58 $40,847.57
50 $40,847.57 $725.81 $0.00 $230.96 $41,804.34
51 $41,804.34 $725.81 $0.00 $236.37 $42,766.52
52 $42,766.52 $725.81 $0.00 $241.81 $43,734.14
53 $43,734.14 $725.81 $0.00 $247.28 $44,707.23
54 $44,707.23 $725.81 $0.00 $252.78 $45,685.82
55 $45,685.82 $725.81 $0.00 $258.31 $46,669.94
56 $46,669.94 $725.81 $0.00 $263.88 $47,659.63
57 $47,659.63 $725.81 $0.00 $269.47 $48,654.91
58 $48,654.91 $725.81 $0.00 $275.10 $49,655.82
59 $49,655.82 $725.81 $0.00 $280.76 $50,662.39
60 $50,662.39 $725.81 $0.00 $286.45 $51,674.65
61 $51,674.65 $725.81 $0.00 $292.18 $52,692.64
62 $52,692.64 $725.81 $0.00 $297.93 $53,716.38
63 $53,716.38 $725.81 $0.00 $303.72 $54,745.91
64 $54,745.91 $725.81 $0.00 $309.54 $55,781.26
65 $55,781.26 $725.81 $0.00 $315.40 $56,822.47
66 $56,822.47 $725.81 $0.00 $321.28 $57,869.56
67 $57,869.56 $725.81 $0.00 $327.20 $58,922.57
68 $58,922.57 $725.81 $0.00 $333.16 $59,981.54
69 $59,981.54 $725.81 $0.00 $339.14 $61,046.49
70 $61,046.49 $725.81 $0.00 $345.17 $62,117.47
71 $62,117.47 $725.81 $0.00 $351.22 $63,194.50
72 $63,194.50 $725.81 $0.00 $357.31 $64,277.62
73 $64,277.62 $725.81 $0.00 $363.44 $65,366.87
74 $65,366.87 $725.81 $0.00 $369.59 $66,462.27
75 $66,462.27 $725.81 $0.00 $375.79 $67,563.87
76 $67,563.87 $725.81 $0.00 $382.02 $68,671.70
77 $68,671.70 $725.81 $0.00 $388.28 $69,785.79
78 $69,785.79 $725.81 $0.00 $394.58 $70,906.18
79 $70,906.18 $725.81 $0.00 $400.91 $72,032.90
80 $72,032.90 $725.81 $0.00 $407.28 $73,165.99
81 $73,165.99 $725.81 $0.00 $413.69 $74,305.49
82 $74,305.49 $725.81 $0.00 $420.13 $75,451.43
83 $75,451.43 $725.81 $0.00 $426.61 $76,603.85
84 $76,603.85 $725.81 $0.00 $433.13 $77,762.79
85 $77,762.79 $725.81 $0.00 $439.68 $78,928.28
86 $78,928.28 $725.81 $0.00 $446.27 $80,100.36
87 $80,100.36 $725.81 $0.00 $452.90 $81,279.07
88 $81,279.07 $725.81 $0.00 $459.56 $82,464.44
89 $82,464.44 $725.81 $0.00 $466.27 $83,656.52
90 $83,656.52 $725.81 $0.00 $473.01 $84,855.34
91 $84,855.34 $725.81 $0.00 $479.78 $86,060.93
92 $86,060.93 $725.81 $0.00 $486.60 $87,273.34
93 $87,273.34 $725.81 $0.00 $493.46 $88,492.61
94 $88,492.61 $725.81 $0.00 $500.35 $89,718.77
95 $89,718.77 $725.81 $0.00 $507.28 $90,951.86
96 $90,951.86 $725.81 $0.00 $514.26 $92,191.93
97 $92,191.93 $725.81 $0.00 $521.27 $93,439.01
98 $93,439.01 $725.81 $0.00 $528.32 $94,693.14
99 $94,693.14 $725.81 $0.00 $535.41 $95,954.36
100 $95,954.36 $725.81 $0.00 $542.54 $97,222.71
101 $97,222.71 $725.81 $0.00 $549.71 $98,498.23
102 $98,498.23 $725.81 $0.00 $556.92 $99,780.96
103 $99,780.96 $725.81 $0.00 $564.18 $101,070.95
104 $101,070.95 $725.81 $0.00 $571.47 $102,368.23
105 $102,368.23 $725.81 $0.00 $578.80 $103,672.84
106 $103,672.84 $725.81 $0.00 $586.18 $104,984.83
107 $104,984.83 $725.81 $0.00 $593.60 $106,304.24
108 $106,304.24 $725.81 $0.00 $601.06 $107,631.11
109 $107,631.11 $725.81 $0.00 $608.56 $108,965.48
110 $108,965.48 $725.81 $0.00 $616.11 $110,307.40
111 $110,307.40 $725.81 $0.00 $623.69 $111,656.90
112 $111,656.90 $725.81 $0.00 $631.32 $113,014.03
113 $113,014.03 $725.81 $0.00 $639.00 $114,378.84
114 $114,378.84 $725.81 $0.00 $646.71 $115,751.36
115 $115,751.36 $725.81 $0.00 $654.48 $117,131.65
116 $117,131.65 $725.81 $0.00 $662.28 $118,519.74
117 $118,519.74 $725.81 $0.00 $670.13 $119,915.68
118 $119,915.68 $725.81 $0.00 $678.02 $121,319.51
119 $121,319.51 $725.81 $0.00 $685.96 $122,731.28
120 $122,731.28 $725.81 $0.00 $693.94 $124,151.03
121 $124,151.03 $725.81 $0.00 $701.97 $125,578.81
122 $125,578.81 $725.81 $0.00 $710.04 $127,014.66
123 $127,014.66 $725.81 $0.00 $718.16 $128,458.63
124 $128,458.63 $725.81 $0.00 $726.32 $129,910.76
125 $129,910.76 $725.81 $0.00 $734.53 $131,371.10
126 $131,371.10 $725.81 $0.00 $742.79 $132,839.70
127 $132,839.70 $725.81 $0.00 $751.09 $134,316.60
128 $134,316.60 $725.81 $0.00 $759.45 $135,801.86
129 $135,801.86 $725.81 $0.00 $767.84 $137,295.51
130 $137,295.51 $725.81 $0.00 $776.29 $138,797.61
131 $138,797.61 $725.81 $0.00 $784.78 $140,308.20
132 $140,308.20 $725.81 $0.00 $793.32 $141,827.33
133 $141,827.33 $725.81 $0.00 $801.91 $143,355.05
134 $143,355.05 $725.81 $0.00 $810.55 $144,891.41
135 $144,891.41 $725.81 $0.00 $819.24 $146,436.46
136 $146,436.46 $725.81 $0.00 $827.97 $147,990.24
137 $147,990.24 $725.81 $0.00 $836.76 $149,552.81
138 $149,552.81 $725.81 $0.00 $845.59 $151,124.21
139 $151,124.21 $725.81 $0.00 $854.48 $152,704.50
140 $152,704.50 $725.81 $0.00 $863.41 $154,293.72
141 $154,293.72 $725.81 $0.00 $872.40 $155,891.93
142 $155,891.93 $725.81 $0.00 $881.44 $157,499.18
143 $157,499.18 $725.81 $0.00 $890.52 $159,115.51
144 $159,115.51 $725.81 $0.00 $899.66 $160,740.98
145 $160,740.98 $725.81 $0.00 $908.85 $162,375.64
146 $162,375.64 $725.81 $0.00 $918.10 $164,019.55
147 $164,019.55 $725.81 $0.00 $927.39 $165,672.75
148 $165,672.75 $725.81 $0.00 $936.74 $167,335.30
149 $167,335.30 $725.81 $0.00 $946.14 $169,007.25
150 $169,007.25 $725.81 $0.00 $955.59 $170,688.65
151 $170,688.65 $725.81 $0.00 $965.10 $172,379.56
152 $172,379.56 $725.81 $0.00 $974.66 $174,080.03
153 $174,080.03 $725.81 $0.00 $984.27 $175,790.11
154 $175,790.11 $725.81 $0.00 $993.94 $177,509.86
155 $177,509.86 $725.81 $0.00 $1,003.67 $179,239.34
156 $179,239.34 $725.81 $0.00 $1,013.45 $180,978.60
157 $180,978.60 $725.81 $0.00 $1,023.28 $182,727.69
158 $182,727.69 $725.81 $0.00 $1,033.17 $184,486.67
159 $184,486.67 $725.81 $0.00 $1,043.11 $186,255.59
160 $186,255.59 $725.81 $0.00 $1,053.12 $188,034.52
161 $188,034.52 $725.81 $0.00 $1,063.17 $189,823.50
162 $189,823.50 $725.81 $0.00 $1,073.29 $191,622.60
163 $191,622.60 $725.81 $0.00 $1,083.46 $193,431.87
164 $193,431.87 $725.81 $0.00 $1,093.69 $195,251.37
165 $195,251.37 $725.81 $0.00 $1,103.98 $197,081.16
166 $197,081.16 $725.81 $0.00 $1,114.33 $198,921.30
167 $198,921.30 $725.81 $0.00 $1,124.73 $200,771.84
168 $200,771.84 $725.81 $0.00 $1,135.19 $202,632.84
169 $202,632.84 $725.81 $0.00 $1,145.72 $204,504.37
170 $204,504.37 $725.81 $0.00 $1,156.30 $206,386.48
171 $206,386.48 $725.81 $0.00 $1,166.94 $208,279.23
172 $208,279.23 $725.81 $0.00 $1,177.64 $210,182.68
173 $210,182.68 $725.81 $0.00 $1,188.40 $212,096.89
174 $212,096.89 $725.81 $0.00 $1,199.23 $214,021.93
175 $214,021.93 $725.81 $0.00 $1,210.11 $215,957.85
176 $215,957.85 $725.81 $0.00 $1,221.06 $217,904.72
177 $217,904.72 $725.81 $0.00 $1,232.06 $219,862.59
178 $219,862.59 $725.81 $0.00 $1,243.14 $221,831.54
179 $221,831.54 $725.81 $0.00 $1,254.27 $223,811.62
180 $223,811.62 $725.81 $0.00 $1,265.46 $225,802.89
181 $225,802.89 $725.81 $0.00 $1,276.72 $227,805.42
182 $227,805.42 $725.81 $0.00 $1,288.04 $229,819.27
183 $229,819.27 $725.81 $0.00 $1,299.43 $231,844.51
184 $231,844.51 $725.81 $0.00 $1,310.88 $233,881.20
185 $233,881.20 $725.81 $0.00 $1,322.40 $235,929.41
186 $235,929.41 $725.81 $0.00 $1,333.98 $237,989.20
187 $237,989.20 $725.81 $0.00 $1,345.63 $240,060.64
188 $240,060.64 $725.81 $0.00 $1,357.34 $242,143.79
189 $242,143.79 $725.81 $0.00 $1,369.12 $244,238.72
190 $244,238.72 $725.81 $0.00 $1,380.96 $246,345.49
191 $246,345.49 $725.81 $0.00 $1,392.87 $248,464.17
192 $248,464.17 $725.81 $0.00 $1,404.85 $250,594.83
193 $250,594.83 $725.81 $0.00 $1,416.90 $252,737.54
194 $252,737.54 $725.81 $0.00 $1,429.01 $254,892.36
195 $254,892.36 $725.81 $0.00 $1,441.20 $257,059.37
196 $257,059.37 $725.81 $0.00 $1,453.45 $259,238.63
197 $259,238.63 $725.81 $0.00 $1,465.77 $261,430.21
198 $261,430.21 $725.81 $0.00 $1,478.16 $263,634.18
199 $263,634.18 $725.81 $0.00 $1,490.63 $265,850.62
200 $265,850.62 $725.81 $0.00 $1,503.16 $268,079.59
201 $268,079.59 $725.81 $0.00 $1,515.76 $270,321.16
202 $270,321.16 $725.81 $0.00 $1,528.44 $272,575.41
203 $272,575.41 $725.81 $0.00 $1,541.18 $274,842.40
204 $274,842.40 $725.81 $0.00 $1,554.00 $277,122.21
205 $277,122.21 $725.81 $0.00 $1,566.89 $279,414.91
206 $279,414.91 $725.81 $0.00 $1,579.85 $281,720.57
207 $281,720.57 $725.81 $0.00 $1,592.89 $284,039.27
208 $284,039.27 $725.81 $0.00 $1,606.00 $286,371.08
209 $286,371.08 $725.81 $0.00 $1,619.18 $288,716.07
210 $288,716.07 $725.81 $0.00 $1,632.44 $291,074.32
211 $291,074.32 $725.81 $0.00 $1,645.78 $293,445.91
212 $293,445.91 $725.81 $0.00 $1,659.19 $295,830.91
213 $295,830.91 $725.81 $0.00 $1,672.67 $298,229.39
214 $298,229.39 $725.81 $0.00 $1,686.23 $300,641.43
215 $300,641.43 $725.81 $0.00 $1,699.87 $303,067.11
216 $303,067.11 $725.81 $0.00 $1,713.59 $305,506.51
217 $305,506.51 $725.81 $85,093.24 $1,727.38 $222,866.46
218 $222,866.46 $725.81 $0.00 $1,260.12 $224,852.39
219 $224,852.39 $725.81 $0.00 $1,271.35 $226,849.55
220 $226,849.55 $725.81 $0.00 $1,282.64 $228,858.00
221 $228,858.00 $725.81 $0.00 $1,294.00 $230,877.81
222 $230,877.81 $725.81 $0.00 $1,305.42 $232,909.04
223 $232,909.04 $725.81 $0.00 $1,316.90 $234,951.75
224 $234,951.75 $725.81 $0.00 $1,328.45 $237,006.01
225 $237,006.01 $725.81 $0.00 $1,340.07 $239,071.89
226 $239,071.89 $725.81 $0.00 $1,351.75 $241,149.45
227 $241,149.45 $725.81 $0.00 $1,363.49 $243,238.75
228 $243,238.75 $725.81 $0.00 $1,375.31 $245,339.87
229 $245,339.87 $725.81 $89,347.91 $1,387.19 $158,104.96
230 $158,104.96 $725.81 $0.00 $893.95 $159,724.72
231 $159,724.72 $725.81 $0.00 $903.11 $161,353.64
232 $161,353.64 $725.81 $0.00 $912.32 $162,991.77
233 $162,991.77 $725.81 $0.00 $921.58 $164,639.16
234 $164,639.16 $725.81 $0.00 $930.89 $166,295.86
235 $166,295.86 $725.81 $0.00 $940.26 $167,961.93
236 $167,961.93 $725.81 $0.00 $949.68 $169,637.42
237 $169,637.42 $725.81 $0.00 $959.15 $171,322.38
238 $171,322.38 $725.81 $0.00 $968.68 $173,016.87
239 $173,016.87 $725.81 $0.00 $978.26 $174,720.94
240 $174,720.94 $725.81 $0.00 $987.90 $176,434.65
241 $176,434.65 $725.81 $93,815.30 $997.59 $84,342.75
242 $84,342.75 $725.81 $0.00 $476.89 $85,545.45
243 $85,545.45 $725.81 $0.00 $483.69 $86,754.95
244 $86,754.95 $725.81 $0.00 $490.53 $87,971.29
245 $87,971.29 $725.81 $0.00 $497.40 $89,194.50
246 $89,194.50 $725.81 $0.00 $504.32 $90,424.63
247 $90,424.63 $725.81 $0.00 $511.27 $91,661.71
248 $91,661.71 $725.81 $0.00 $518.27 $92,905.79
249 $92,905.79 $725.81 $0.00 $525.30 $94,156.90
250 $94,156.90 $725.81 $0.00 $532.38 $95,415.09
251 $95,415.09 $725.81 $0.00 $539.49 $96,680.39
252 $96,680.39 $725.81 $0.00 $546.64 $97,952.84
253 $97,952.84 $0.00 $98,506.07 $553.84 $0.61