## Savings Plan and Future Cost Estimation

 Estimated Annual Cost in 2038 \$67,410 Monthly savings required \$534

How much will it cost to send your child to Morris College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at \$269,641.71 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of \$533.61 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 \$25,995.00 Years until enrollment 18 Annual Tuition Increase 5% Current Savings \$0.00 After Tax Return on Savings 7% Years of enrollment 4

## Current Savings Shortfall

### College Savings Calculator

Discover how much will you need to start saving now to afford Morris College in the future.

## College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 \$0.00 \$533.61 \$0.00 \$0.00 \$533.61
2 \$533.61 \$533.61 \$0.00 \$3.02 \$1,070.24
3 \$1,070.24 \$533.61 \$0.00 \$6.05 \$1,609.90
4 \$1,609.90 \$533.61 \$0.00 \$9.10 \$2,152.61
5 \$2,152.61 \$533.61 \$0.00 \$12.17 \$2,698.39
6 \$2,698.39 \$533.61 \$0.00 \$15.26 \$3,247.26
7 \$3,247.26 \$533.61 \$0.00 \$18.36 \$3,799.23
8 \$3,799.23 \$533.61 \$0.00 \$21.48 \$4,354.32
9 \$4,354.32 \$533.61 \$0.00 \$24.62 \$4,912.55
10 \$4,912.55 \$533.61 \$0.00 \$27.78 \$5,473.94
11 \$5,473.94 \$533.61 \$0.00 \$30.95 \$6,038.50
12 \$6,038.50 \$533.61 \$0.00 \$34.14 \$6,606.25
13 \$6,606.25 \$533.61 \$0.00 \$37.35 \$7,177.21
14 \$7,177.21 \$533.61 \$0.00 \$40.58 \$7,751.40
15 \$7,751.40 \$533.61 \$0.00 \$43.83 \$8,328.84
16 \$8,328.84 \$533.61 \$0.00 \$47.09 \$8,909.54
17 \$8,909.54 \$533.61 \$0.00 \$50.38 \$9,493.53
18 \$9,493.53 \$533.61 \$0.00 \$53.68 \$10,080.82
19 \$10,080.82 \$533.61 \$0.00 \$57.00 \$10,671.43
20 \$10,671.43 \$533.61 \$0.00 \$60.34 \$11,265.38
21 \$11,265.38 \$533.61 \$0.00 \$63.70 \$11,862.69
22 \$11,862.69 \$533.61 \$0.00 \$67.07 \$12,463.37
23 \$12,463.37 \$533.61 \$0.00 \$70.47 \$13,067.45
24 \$13,067.45 \$533.61 \$0.00 \$73.89 \$13,674.95
25 \$13,674.95 \$533.61 \$0.00 \$77.32 \$14,285.88
26 \$14,285.88 \$533.61 \$0.00 \$80.77 \$14,900.26
27 \$14,900.26 \$533.61 \$0.00 \$84.25 \$15,518.12
28 \$15,518.12 \$533.61 \$0.00 \$87.74 \$16,139.47
29 \$16,139.47 \$533.61 \$0.00 \$91.25 \$16,764.33
30 \$16,764.33 \$533.61 \$0.00 \$94.79 \$17,392.73
31 \$17,392.73 \$533.61 \$0.00 \$98.34 \$18,024.68
32 \$18,024.68 \$533.61 \$0.00 \$101.91 \$18,660.20
33 \$18,660.20 \$533.61 \$0.00 \$105.51 \$19,299.32
34 \$19,299.32 \$533.61 \$0.00 \$109.12 \$19,942.05
35 \$19,942.05 \$533.61 \$0.00 \$112.76 \$20,588.42
36 \$20,588.42 \$533.61 \$0.00 \$116.41 \$21,238.44
37 \$21,238.44 \$533.61 \$0.00 \$120.09 \$21,892.14
38 \$21,892.14 \$533.61 \$0.00 \$123.78 \$22,549.53
39 \$22,549.53 \$533.61 \$0.00 \$127.50 \$23,210.64
40 \$23,210.64 \$533.61 \$0.00 \$131.24 \$23,875.49
41 \$23,875.49 \$533.61 \$0.00 \$135.00 \$24,544.10
42 \$24,544.10 \$533.61 \$0.00 \$138.78 \$25,216.49
43 \$25,216.49 \$533.61 \$0.00 \$142.58 \$25,892.68
44 \$25,892.68 \$533.61 \$0.00 \$146.40 \$26,572.69
45 \$26,572.69 \$533.61 \$0.00 \$150.25 \$27,256.55
46 \$27,256.55 \$533.61 \$0.00 \$154.11 \$27,944.27
47 \$27,944.27 \$533.61 \$0.00 \$158.00 \$28,635.88
48 \$28,635.88 \$533.61 \$0.00 \$161.91 \$29,331.40
49 \$29,331.40 \$533.61 \$0.00 \$165.84 \$30,030.85
50 \$30,030.85 \$533.61 \$0.00 \$169.80 \$30,734.26
51 \$30,734.26 \$533.61 \$0.00 \$173.78 \$31,441.65
52 \$31,441.65 \$533.61 \$0.00 \$177.78 \$32,153.04
53 \$32,153.04 \$533.61 \$0.00 \$181.80 \$32,868.45
54 \$32,868.45 \$533.61 \$0.00 \$185.84 \$33,587.90
55 \$33,587.90 \$533.61 \$0.00 \$189.91 \$34,311.42
56 \$34,311.42 \$533.61 \$0.00 \$194.00 \$35,039.03
57 \$35,039.03 \$533.61 \$0.00 \$198.12 \$35,770.76
58 \$35,770.76 \$533.61 \$0.00 \$202.25 \$36,506.62
59 \$36,506.62 \$533.61 \$0.00 \$206.41 \$37,246.64
60 \$37,246.64 \$533.61 \$0.00 \$210.60 \$37,990.85
61 \$37,990.85 \$533.61 \$0.00 \$214.81 \$38,739.27
62 \$38,739.27 \$533.61 \$0.00 \$219.04 \$39,491.92
63 \$39,491.92 \$533.61 \$0.00 \$223.29 \$40,248.82
64 \$40,248.82 \$533.61 \$0.00 \$227.57 \$41,010.00
65 \$41,010.00 \$533.61 \$0.00 \$231.88 \$41,775.49
66 \$41,775.49 \$533.61 \$0.00 \$236.20 \$42,545.30
67 \$42,545.30 \$533.61 \$0.00 \$240.56 \$43,319.47
68 \$43,319.47 \$533.61 \$0.00 \$244.93 \$44,098.01
69 \$44,098.01 \$533.61 \$0.00 \$249.34 \$44,880.96
70 \$44,880.96 \$533.61 \$0.00 \$253.76 \$45,668.33
71 \$45,668.33 \$533.61 \$0.00 \$258.22 \$46,460.16
72 \$46,460.16 \$533.61 \$0.00 \$262.69 \$47,256.46
73 \$47,256.46 \$533.61 \$0.00 \$267.19 \$48,057.26
74 \$48,057.26 \$533.61 \$0.00 \$271.72 \$48,862.59
75 \$48,862.59 \$533.61 \$0.00 \$276.28 \$49,672.48
76 \$49,672.48 \$533.61 \$0.00 \$280.86 \$50,486.95
77 \$50,486.95 \$533.61 \$0.00 \$285.46 \$51,306.02
78 \$51,306.02 \$533.61 \$0.00 \$290.09 \$52,129.72
79 \$52,129.72 \$533.61 \$0.00 \$294.75 \$52,958.08
80 \$52,958.08 \$533.61 \$0.00 \$299.43 \$53,791.12
81 \$53,791.12 \$533.61 \$0.00 \$304.14 \$54,628.87
82 \$54,628.87 \$533.61 \$0.00 \$308.88 \$55,471.36
83 \$55,471.36 \$533.61 \$0.00 \$313.64 \$56,318.61
84 \$56,318.61 \$533.61 \$0.00 \$318.43 \$57,170.65
85 \$57,170.65 \$533.61 \$0.00 \$323.25 \$58,027.51
86 \$58,027.51 \$533.61 \$0.00 \$328.10 \$58,889.22
87 \$58,889.22 \$533.61 \$0.00 \$332.97 \$59,755.80
88 \$59,755.80 \$533.61 \$0.00 \$337.87 \$60,627.28
89 \$60,627.28 \$533.61 \$0.00 \$342.80 \$61,503.69
90 \$61,503.69 \$533.61 \$0.00 \$347.75 \$62,385.05
91 \$62,385.05 \$533.61 \$0.00 \$352.73 \$63,271.39
92 \$63,271.39 \$533.61 \$0.00 \$357.75 \$64,162.75
93 \$64,162.75 \$533.61 \$0.00 \$362.79 \$65,059.15
94 \$65,059.15 \$533.61 \$0.00 \$367.85 \$65,960.61
95 \$65,960.61 \$533.61 \$0.00 \$372.95 \$66,867.17
96 \$66,867.17 \$533.61 \$0.00 \$378.08 \$67,778.86
97 \$67,778.86 \$533.61 \$0.00 \$383.23 \$68,695.70
98 \$68,695.70 \$533.61 \$0.00 \$388.42 \$69,617.73
99 \$69,617.73 \$533.61 \$0.00 \$393.63 \$70,544.97
100 \$70,544.97 \$533.61 \$0.00 \$398.87 \$71,477.45
101 \$71,477.45 \$533.61 \$0.00 \$404.14 \$72,415.20
102 \$72,415.20 \$533.61 \$0.00 \$409.45 \$73,358.26
103 \$73,358.26 \$533.61 \$0.00 \$414.78 \$74,306.65
104 \$74,306.65 \$533.61 \$0.00 \$420.14 \$75,260.40
105 \$75,260.40 \$533.61 \$0.00 \$425.53 \$76,219.54
106 \$76,219.54 \$533.61 \$0.00 \$430.96 \$77,184.11
107 \$77,184.11 \$533.61 \$0.00 \$436.41 \$78,154.13
108 \$78,154.13 \$533.61 \$0.00 \$441.89 \$79,129.63
109 \$79,129.63 \$533.61 \$0.00 \$447.41 \$80,110.65
110 \$80,110.65 \$533.61 \$0.00 \$452.96 \$81,097.22
111 \$81,097.22 \$533.61 \$0.00 \$458.54 \$82,089.37
112 \$82,089.37 \$533.61 \$0.00 \$464.15 \$83,087.13
113 \$83,087.13 \$533.61 \$0.00 \$469.79 \$84,090.53
114 \$84,090.53 \$533.61 \$0.00 \$475.46 \$85,099.60
115 \$85,099.60 \$533.61 \$0.00 \$481.17 \$86,114.38
116 \$86,114.38 \$533.61 \$0.00 \$486.90 \$87,134.89
117 \$87,134.89 \$533.61 \$0.00 \$492.67 \$88,161.17
118 \$88,161.17 \$533.61 \$0.00 \$498.48 \$89,193.26
119 \$89,193.26 \$533.61 \$0.00 \$504.31 \$90,231.18
120 \$90,231.18 \$533.61 \$0.00 \$510.18 \$91,274.97
121 \$91,274.97 \$533.61 \$0.00 \$516.08 \$92,324.66
122 \$92,324.66 \$533.61 \$0.00 \$522.02 \$93,380.29
123 \$93,380.29 \$533.61 \$0.00 \$527.99 \$94,441.89
124 \$94,441.89 \$533.61 \$0.00 \$533.99 \$95,509.49
125 \$95,509.49 \$533.61 \$0.00 \$540.02 \$96,583.12
126 \$96,583.12 \$533.61 \$0.00 \$546.10 \$97,662.83
127 \$97,662.83 \$533.61 \$0.00 \$552.20 \$98,748.64
128 \$98,748.64 \$533.61 \$0.00 \$558.34 \$99,840.59
129 \$99,840.59 \$533.61 \$0.00 \$564.51 \$100,938.71
130 \$100,938.71 \$533.61 \$0.00 \$570.72 \$102,043.04
131 \$102,043.04 \$533.61 \$0.00 \$576.97 \$103,153.62
132 \$103,153.62 \$533.61 \$0.00 \$583.25 \$104,270.48
133 \$104,270.48 \$533.61 \$0.00 \$589.56 \$105,393.65
134 \$105,393.65 \$533.61 \$0.00 \$595.91 \$106,523.17
135 \$106,523.17 \$533.61 \$0.00 \$602.30 \$107,659.08
136 \$107,659.08 \$533.61 \$0.00 \$608.72 \$108,801.41
137 \$108,801.41 \$533.61 \$0.00 \$615.18 \$109,950.20
138 \$109,950.20 \$533.61 \$0.00 \$621.67 \$111,105.48
139 \$111,105.48 \$533.61 \$0.00 \$628.21 \$112,267.30
140 \$112,267.30 \$533.61 \$0.00 \$634.78 \$113,435.69
141 \$113,435.69 \$533.61 \$0.00 \$641.38 \$114,610.68
142 \$114,610.68 \$533.61 \$0.00 \$648.03 \$115,792.32
143 \$115,792.32 \$533.61 \$0.00 \$654.71 \$116,980.64
144 \$116,980.64 \$533.61 \$0.00 \$661.43 \$118,175.68
145 \$118,175.68 \$533.61 \$0.00 \$668.18 \$119,377.47
146 \$119,377.47 \$533.61 \$0.00 \$674.98 \$120,586.06
147 \$120,586.06 \$533.61 \$0.00 \$681.81 \$121,801.48
148 \$121,801.48 \$533.61 \$0.00 \$688.68 \$123,023.77
149 \$123,023.77 \$533.61 \$0.00 \$695.59 \$124,252.97
150 \$124,252.97 \$533.61 \$0.00 \$702.54 \$125,489.12
151 \$125,489.12 \$533.61 \$0.00 \$709.53 \$126,732.26
152 \$126,732.26 \$533.61 \$0.00 \$716.56 \$127,982.43
153 \$127,982.43 \$533.61 \$0.00 \$723.63 \$129,239.67
154 \$129,239.67 \$533.61 \$0.00 \$730.74 \$130,504.02
155 \$130,504.02 \$533.61 \$0.00 \$737.89 \$131,775.52
156 \$131,775.52 \$533.61 \$0.00 \$745.08 \$133,054.21
157 \$133,054.21 \$533.61 \$0.00 \$752.31 \$134,340.13
158 \$134,340.13 \$533.61 \$0.00 \$759.58 \$135,633.32
159 \$135,633.32 \$533.61 \$0.00 \$766.89 \$136,933.82
160 \$136,933.82 \$533.61 \$0.00 \$774.24 \$138,241.67
161 \$138,241.67 \$533.61 \$0.00 \$781.64 \$139,556.92
162 \$139,556.92 \$533.61 \$0.00 \$789.08 \$140,879.61
163 \$140,879.61 \$533.61 \$0.00 \$796.55 \$142,209.77
164 \$142,209.77 \$533.61 \$0.00 \$804.07 \$143,547.45
165 \$143,547.45 \$533.61 \$0.00 \$811.64 \$144,892.70
166 \$144,892.70 \$533.61 \$0.00 \$819.24 \$146,245.55
167 \$146,245.55 \$533.61 \$0.00 \$826.89 \$147,606.05
168 \$147,606.05 \$533.61 \$0.00 \$834.59 \$148,974.25
169 \$148,974.25 \$533.61 \$0.00 \$842.32 \$150,350.18
170 \$150,350.18 \$533.61 \$0.00 \$850.10 \$151,733.89
171 \$151,733.89 \$533.61 \$0.00 \$857.93 \$153,125.43
172 \$153,125.43 \$533.61 \$0.00 \$865.79 \$154,524.83
173 \$154,524.83 \$533.61 \$0.00 \$873.71 \$155,932.15
174 \$155,932.15 \$533.61 \$0.00 \$881.66 \$157,347.42
175 \$157,347.42 \$533.61 \$0.00 \$889.67 \$158,770.70
176 \$158,770.70 \$533.61 \$0.00 \$897.71 \$160,202.02
177 \$160,202.02 \$533.61 \$0.00 \$905.81 \$161,641.44
178 \$161,641.44 \$533.61 \$0.00 \$913.94 \$163,088.99
179 \$163,088.99 \$533.61 \$0.00 \$922.13 \$164,544.73
180 \$164,544.73 \$533.61 \$0.00 \$930.36 \$166,008.70
181 \$166,008.70 \$533.61 \$0.00 \$938.64 \$167,480.95
182 \$167,480.95 \$533.61 \$0.00 \$946.96 \$168,961.52
183 \$168,961.52 \$533.61 \$0.00 \$955.33 \$170,450.46
184 \$170,450.46 \$533.61 \$0.00 \$963.75 \$171,947.82
185 \$171,947.82 \$533.61 \$0.00 \$972.22 \$173,453.65
186 \$173,453.65 \$533.61 \$0.00 \$980.73 \$174,967.99
187 \$174,967.99 \$533.61 \$0.00 \$989.29 \$176,490.89
188 \$176,490.89 \$533.61 \$0.00 \$997.91 \$178,022.41
189 \$178,022.41 \$533.61 \$0.00 \$1,006.56 \$179,562.58
190 \$179,562.58 \$533.61 \$0.00 \$1,015.27 \$181,111.46
191 \$181,111.46 \$533.61 \$0.00 \$1,024.03 \$182,669.10
192 \$182,669.10 \$533.61 \$0.00 \$1,032.84 \$184,235.55
193 \$184,235.55 \$533.61 \$0.00 \$1,041.69 \$185,810.85
194 \$185,810.85 \$533.61 \$0.00 \$1,050.60 \$187,395.06
195 \$187,395.06 \$533.61 \$0.00 \$1,059.56 \$188,988.23
196 \$188,988.23 \$533.61 \$0.00 \$1,068.57 \$190,590.41
197 \$190,590.41 \$533.61 \$0.00 \$1,077.63 \$192,201.65
198 \$192,201.65 \$533.61 \$0.00 \$1,086.74 \$193,822.00
199 \$193,822.00 \$533.61 \$0.00 \$1,095.90 \$195,451.51
200 \$195,451.51 \$533.61 \$0.00 \$1,105.11 \$197,090.23
201 \$197,090.23 \$533.61 \$0.00 \$1,114.38 \$198,738.22
202 \$198,738.22 \$533.61 \$0.00 \$1,123.69 \$200,395.52
203 \$200,395.52 \$533.61 \$0.00 \$1,133.07 \$202,062.20
204 \$202,062.20 \$533.61 \$0.00 \$1,142.49 \$203,738.30
205 \$203,738.30 \$533.61 \$0.00 \$1,151.97 \$205,423.88
206 \$205,423.88 \$533.61 \$0.00 \$1,161.50 \$207,118.99
207 \$207,118.99 \$533.61 \$0.00 \$1,171.08 \$208,823.68
208 \$208,823.68 \$533.61 \$0.00 \$1,180.72 \$210,538.01
209 \$210,538.01 \$533.61 \$0.00 \$1,190.41 \$212,262.03
210 \$212,262.03 \$533.61 \$0.00 \$1,200.16 \$213,995.80
211 \$213,995.80 \$533.61 \$0.00 \$1,209.96 \$215,739.37
212 \$215,739.37 \$533.61 \$0.00 \$1,219.82 \$217,492.80
213 \$217,492.80 \$533.61 \$0.00 \$1,229.74 \$219,256.15
214 \$219,256.15 \$533.61 \$0.00 \$1,239.71 \$221,029.47
215 \$221,029.47 \$533.61 \$0.00 \$1,249.73 \$222,812.81
216 \$222,812.81 \$533.61 \$0.00 \$1,259.82 \$224,606.24
217 \$224,606.24 \$533.61 \$62,560.07 \$1,269.96 \$163,849.74
218 \$163,849.74 \$533.61 \$0.00 \$926.43 \$165,309.78
219 \$165,309.78 \$533.61 \$0.00 \$934.69 \$166,778.08
220 \$166,778.08 \$533.61 \$0.00 \$942.99 \$168,254.68
221 \$168,254.68 \$533.61 \$0.00 \$951.34 \$169,739.63
222 \$169,739.63 \$533.61 \$0.00 \$959.73 \$171,232.97
223 \$171,232.97 \$533.61 \$0.00 \$968.18 \$172,734.76
224 \$172,734.76 \$533.61 \$0.00 \$976.67 \$174,245.04
225 \$174,245.04 \$533.61 \$0.00 \$985.21 \$175,763.86
226 \$175,763.86 \$533.61 \$0.00 \$993.79 \$177,291.26
227 \$177,291.26 \$533.61 \$0.00 \$1,002.43 \$178,827.30
228 \$178,827.30 \$533.61 \$0.00 \$1,011.12 \$180,372.03
229 \$180,372.03 \$533.61 \$65,688.07 \$1,019.85 \$116,237.42
230 \$116,237.42 \$533.61 \$0.00 \$657.22 \$117,428.25
231 \$117,428.25 \$533.61 \$0.00 \$663.96 \$118,625.82
232 \$118,625.82 \$533.61 \$0.00 \$670.73 \$119,830.16
233 \$119,830.16 \$533.61 \$0.00 \$677.54 \$121,041.31
234 \$121,041.31 \$533.61 \$0.00 \$684.39 \$122,259.31
235 \$122,259.31 \$533.61 \$0.00 \$691.27 \$123,484.19
236 \$123,484.19 \$533.61 \$0.00 \$698.20 \$124,716.00
237 \$124,716.00 \$533.61 \$0.00 \$705.16 \$125,954.77
238 \$125,954.77 \$533.61 \$0.00 \$712.17 \$127,200.55
239 \$127,200.55 \$533.61 \$0.00 \$719.21 \$128,453.37
240 \$128,453.37 \$533.61 \$0.00 \$726.29 \$129,713.27
241 \$129,713.27 \$533.61 \$68,972.47 \$733.42 \$62,007.83
242 \$62,007.83 \$533.61 \$0.00 \$350.60 \$62,892.04
243 \$62,892.04 \$533.61 \$0.00 \$355.60 \$63,781.25
244 \$63,781.25 \$533.61 \$0.00 \$360.63 \$64,675.49
245 \$64,675.49 \$533.61 \$0.00 \$365.68 \$65,574.78
246 \$65,574.78 \$533.61 \$0.00 \$370.77 \$66,479.16
247 \$66,479.16 \$533.61 \$0.00 \$375.88 \$67,388.65
248 \$67,388.65 \$533.61 \$0.00 \$381.03 \$68,303.29
249 \$68,303.29 \$533.61 \$0.00 \$386.20 \$69,223.10
250 \$69,223.10 \$533.61 \$0.00 \$391.40 \$70,148.11
251 \$70,148.11 \$533.61 \$0.00 \$396.63 \$71,078.35
252 \$71,078.35 \$533.61 \$0.00 \$401.89 \$72,013.85
253 \$72,013.85 \$0.00 \$72,421.10 \$407.18 (\$0.07)