Savings Plan and Future Cost Estimation for Presbyterian College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$139,800
Monthly savings required$1,107

How much will it cost to send your child to Presbyterian College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $559,199.25 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,106.64 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$53,910.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,106.64 $0.00 $0.00 $1,106.64
2 $1,106.64 $1,106.64 $0.00 $6.26 $2,219.54
3 $2,219.54 $1,106.64 $0.00 $12.55 $3,338.73
4 $3,338.73 $1,106.64 $0.00 $18.88 $4,464.25
5 $4,464.25 $1,106.64 $0.00 $25.24 $5,596.13
6 $5,596.13 $1,106.64 $0.00 $31.64 $6,734.41
7 $6,734.41 $1,106.64 $0.00 $38.08 $7,879.13
8 $7,879.13 $1,106.64 $0.00 $44.55 $9,030.32
9 $9,030.32 $1,106.64 $0.00 $51.06 $10,188.02
10 $10,188.02 $1,106.64 $0.00 $57.60 $11,352.26
11 $11,352.26 $1,106.64 $0.00 $64.19 $12,523.09
12 $12,523.09 $1,106.64 $0.00 $70.81 $13,700.54
13 $13,700.54 $1,106.64 $0.00 $77.46 $14,884.64
14 $14,884.64 $1,106.64 $0.00 $84.16 $16,075.44
15 $16,075.44 $1,106.64 $0.00 $90.89 $17,272.97
16 $17,272.97 $1,106.64 $0.00 $97.66 $18,477.27
17 $18,477.27 $1,106.64 $0.00 $104.47 $19,688.38
18 $19,688.38 $1,106.64 $0.00 $111.32 $20,906.34
19 $20,906.34 $1,106.64 $0.00 $118.21 $22,131.19
20 $22,131.19 $1,106.64 $0.00 $125.13 $23,362.96
21 $23,362.96 $1,106.64 $0.00 $132.10 $24,601.70
22 $24,601.70 $1,106.64 $0.00 $139.10 $25,847.44
23 $25,847.44 $1,106.64 $0.00 $146.15 $27,100.23
24 $27,100.23 $1,106.64 $0.00 $153.23 $28,360.10
25 $28,360.10 $1,106.64 $0.00 $160.35 $29,627.09
26 $29,627.09 $1,106.64 $0.00 $167.52 $30,901.25
27 $30,901.25 $1,106.64 $0.00 $174.72 $32,182.61
28 $32,182.61 $1,106.64 $0.00 $181.97 $33,471.22
29 $33,471.22 $1,106.64 $0.00 $189.25 $34,767.11
30 $34,767.11 $1,106.64 $0.00 $196.58 $36,070.33
31 $36,070.33 $1,106.64 $0.00 $203.95 $37,380.92
32 $37,380.92 $1,106.64 $0.00 $211.36 $38,698.92
33 $38,698.92 $1,106.64 $0.00 $218.81 $40,024.37
34 $40,024.37 $1,106.64 $0.00 $226.30 $41,357.31
35 $41,357.31 $1,106.64 $0.00 $233.84 $42,697.79
36 $42,697.79 $1,106.64 $0.00 $241.42 $44,045.85
37 $44,045.85 $1,106.64 $0.00 $249.04 $45,401.53
38 $45,401.53 $1,106.64 $0.00 $256.71 $46,764.88
39 $46,764.88 $1,106.64 $0.00 $264.42 $48,135.94
40 $48,135.94 $1,106.64 $0.00 $272.17 $49,514.75
41 $49,514.75 $1,106.64 $0.00 $279.96 $50,901.35
42 $50,901.35 $1,106.64 $0.00 $287.80 $52,295.79
43 $52,295.79 $1,106.64 $0.00 $295.69 $53,698.12
44 $53,698.12 $1,106.64 $0.00 $303.62 $55,108.38
45 $55,108.38 $1,106.64 $0.00 $311.59 $56,526.61
46 $56,526.61 $1,106.64 $0.00 $319.61 $57,952.86
47 $57,952.86 $1,106.64 $0.00 $327.67 $59,387.17
48 $59,387.17 $1,106.64 $0.00 $335.78 $60,829.59
49 $60,829.59 $1,106.64 $0.00 $343.94 $62,280.17
50 $62,280.17 $1,106.64 $0.00 $352.14 $63,738.95
51 $63,738.95 $1,106.64 $0.00 $360.39 $65,205.98
52 $65,205.98 $1,106.64 $0.00 $368.68 $66,681.30
53 $66,681.30 $1,106.64 $0.00 $377.03 $68,164.97
54 $68,164.97 $1,106.64 $0.00 $385.41 $69,657.02
55 $69,657.02 $1,106.64 $0.00 $393.85 $71,157.51
56 $71,157.51 $1,106.64 $0.00 $402.33 $72,666.48
57 $72,666.48 $1,106.64 $0.00 $410.87 $74,183.99
58 $74,183.99 $1,106.64 $0.00 $419.45 $75,710.08
59 $75,710.08 $1,106.64 $0.00 $428.08 $77,244.80
60 $77,244.80 $1,106.64 $0.00 $436.75 $78,788.19
61 $78,788.19 $1,106.64 $0.00 $445.48 $80,340.31
62 $80,340.31 $1,106.64 $0.00 $454.26 $81,901.21
63 $81,901.21 $1,106.64 $0.00 $463.08 $83,470.93
64 $83,470.93 $1,106.64 $0.00 $471.96 $85,049.53
65 $85,049.53 $1,106.64 $0.00 $480.88 $86,637.05
66 $86,637.05 $1,106.64 $0.00 $489.86 $88,233.55
67 $88,233.55 $1,106.64 $0.00 $498.89 $89,839.08
68 $89,839.08 $1,106.64 $0.00 $507.96 $91,453.68
69 $91,453.68 $1,106.64 $0.00 $517.09 $93,077.41
70 $93,077.41 $1,106.64 $0.00 $526.27 $94,710.32
71 $94,710.32 $1,106.64 $0.00 $535.51 $96,352.47
72 $96,352.47 $1,106.64 $0.00 $544.79 $98,003.90
73 $98,003.90 $1,106.64 $0.00 $554.13 $99,664.67
74 $99,664.67 $1,106.64 $0.00 $563.52 $101,334.83
75 $101,334.83 $1,106.64 $0.00 $572.96 $103,014.43
76 $103,014.43 $1,106.64 $0.00 $582.46 $104,703.53
77 $104,703.53 $1,106.64 $0.00 $592.01 $106,402.18
78 $106,402.18 $1,106.64 $0.00 $601.61 $108,110.43
79 $108,110.43 $1,106.64 $0.00 $611.27 $109,828.34
80 $109,828.34 $1,106.64 $0.00 $620.99 $111,555.97
81 $111,555.97 $1,106.64 $0.00 $630.75 $113,293.36
82 $113,293.36 $1,106.64 $0.00 $640.58 $115,040.58
83 $115,040.58 $1,106.64 $0.00 $650.46 $116,797.68
84 $116,797.68 $1,106.64 $0.00 $660.39 $118,564.71
85 $118,564.71 $1,106.64 $0.00 $670.38 $120,341.73
86 $120,341.73 $1,106.64 $0.00 $680.43 $122,128.80
87 $122,128.80 $1,106.64 $0.00 $690.53 $123,925.97
88 $123,925.97 $1,106.64 $0.00 $700.70 $125,733.31
89 $125,733.31 $1,106.64 $0.00 $710.91 $127,550.86
90 $127,550.86 $1,106.64 $0.00 $721.19 $129,378.69
91 $129,378.69 $1,106.64 $0.00 $731.53 $131,216.86
92 $131,216.86 $1,106.64 $0.00 $741.92 $133,065.42
93 $133,065.42 $1,106.64 $0.00 $752.37 $134,924.43
94 $134,924.43 $1,106.64 $0.00 $762.88 $136,793.95
95 $136,793.95 $1,106.64 $0.00 $773.45 $138,674.04
96 $138,674.04 $1,106.64 $0.00 $784.08 $140,564.76
97 $140,564.76 $1,106.64 $0.00 $794.77 $142,466.17
98 $142,466.17 $1,106.64 $0.00 $805.52 $144,378.33
99 $144,378.33 $1,106.64 $0.00 $816.34 $146,301.31
100 $146,301.31 $1,106.64 $0.00 $827.21 $148,235.16
101 $148,235.16 $1,106.64 $0.00 $838.14 $150,179.94
102 $150,179.94 $1,106.64 $0.00 $849.14 $152,135.72
103 $152,135.72 $1,106.64 $0.00 $860.20 $154,102.56
104 $154,102.56 $1,106.64 $0.00 $871.32 $156,080.52
105 $156,080.52 $1,106.64 $0.00 $882.50 $158,069.66
106 $158,069.66 $1,106.64 $0.00 $893.75 $160,070.05
107 $160,070.05 $1,106.64 $0.00 $905.06 $162,081.75
108 $162,081.75 $1,106.64 $0.00 $916.43 $164,104.82
109 $164,104.82 $1,106.64 $0.00 $927.87 $166,139.33
110 $166,139.33 $1,106.64 $0.00 $939.38 $168,185.35
111 $168,185.35 $1,106.64 $0.00 $950.94 $170,242.93
112 $170,242.93 $1,106.64 $0.00 $962.58 $172,312.15
113 $172,312.15 $1,106.64 $0.00 $974.28 $174,393.07
114 $174,393.07 $1,106.64 $0.00 $986.04 $176,485.75
115 $176,485.75 $1,106.64 $0.00 $997.88 $178,590.27
116 $178,590.27 $1,106.64 $0.00 $1,009.78 $180,706.69
117 $180,706.69 $1,106.64 $0.00 $1,021.74 $182,835.07
118 $182,835.07 $1,106.64 $0.00 $1,033.78 $184,975.49
119 $184,975.49 $1,106.64 $0.00 $1,045.88 $187,128.01
120 $187,128.01 $1,106.64 $0.00 $1,058.05 $189,292.70
121 $189,292.70 $1,106.64 $0.00 $1,070.29 $191,469.63
122 $191,469.63 $1,106.64 $0.00 $1,082.60 $193,658.87
123 $193,658.87 $1,106.64 $0.00 $1,094.98 $195,860.49
124 $195,860.49 $1,106.64 $0.00 $1,107.42 $198,074.55
125 $198,074.55 $1,106.64 $0.00 $1,119.94 $200,301.13
126 $200,301.13 $1,106.64 $0.00 $1,132.53 $202,540.30
127 $202,540.30 $1,106.64 $0.00 $1,145.19 $204,792.13
128 $204,792.13 $1,106.64 $0.00 $1,157.92 $207,056.69
129 $207,056.69 $1,106.64 $0.00 $1,170.73 $209,334.06
130 $209,334.06 $1,106.64 $0.00 $1,183.61 $211,624.31
131 $211,624.31 $1,106.64 $0.00 $1,196.55 $213,927.50
132 $213,927.50 $1,106.64 $0.00 $1,209.58 $216,243.72
133 $216,243.72 $1,106.64 $0.00 $1,222.67 $218,573.03
134 $218,573.03 $1,106.64 $0.00 $1,235.84 $220,915.51
135 $220,915.51 $1,106.64 $0.00 $1,249.09 $223,271.24
136 $223,271.24 $1,106.64 $0.00 $1,262.41 $225,640.29
137 $225,640.29 $1,106.64 $0.00 $1,275.80 $228,022.73
138 $228,022.73 $1,106.64 $0.00 $1,289.27 $230,418.64
139 $230,418.64 $1,106.64 $0.00 $1,302.82 $232,828.10
140 $232,828.10 $1,106.64 $0.00 $1,316.44 $235,251.18
141 $235,251.18 $1,106.64 $0.00 $1,330.14 $237,687.96
142 $237,687.96 $1,106.64 $0.00 $1,343.92 $240,138.52
143 $240,138.52 $1,106.64 $0.00 $1,357.78 $242,602.94
144 $242,602.94 $1,106.64 $0.00 $1,371.71 $245,081.29
145 $245,081.29 $1,106.64 $0.00 $1,385.73 $247,573.66
146 $247,573.66 $1,106.64 $0.00 $1,399.82 $250,080.12
147 $250,080.12 $1,106.64 $0.00 $1,413.99 $252,600.75
148 $252,600.75 $1,106.64 $0.00 $1,428.24 $255,135.63
149 $255,135.63 $1,106.64 $0.00 $1,442.57 $257,684.84
150 $257,684.84 $1,106.64 $0.00 $1,456.99 $260,248.47
151 $260,248.47 $1,106.64 $0.00 $1,471.48 $262,826.59
152 $262,826.59 $1,106.64 $0.00 $1,486.06 $265,419.29
153 $265,419.29 $1,106.64 $0.00 $1,500.72 $268,026.65
154 $268,026.65 $1,106.64 $0.00 $1,515.46 $270,648.75
155 $270,648.75 $1,106.64 $0.00 $1,530.29 $273,285.68
156 $273,285.68 $1,106.64 $0.00 $1,545.20 $275,937.52
157 $275,937.52 $1,106.64 $0.00 $1,560.19 $278,604.35
158 $278,604.35 $1,106.64 $0.00 $1,575.27 $281,286.26
159 $281,286.26 $1,106.64 $0.00 $1,590.43 $283,983.33
160 $283,983.33 $1,106.64 $0.00 $1,605.68 $286,695.65
161 $286,695.65 $1,106.64 $0.00 $1,621.02 $289,423.31
162 $289,423.31 $1,106.64 $0.00 $1,636.44 $292,166.39
163 $292,166.39 $1,106.64 $0.00 $1,651.95 $294,924.98
164 $294,924.98 $1,106.64 $0.00 $1,667.55 $297,699.17
165 $297,699.17 $1,106.64 $0.00 $1,683.23 $300,489.04
166 $300,489.04 $1,106.64 $0.00 $1,699.01 $303,294.69
167 $303,294.69 $1,106.64 $0.00 $1,714.87 $306,116.20
168 $306,116.20 $1,106.64 $0.00 $1,730.83 $308,953.67
169 $308,953.67 $1,106.64 $0.00 $1,746.87 $311,807.18
170 $311,807.18 $1,106.64 $0.00 $1,763.00 $314,676.82
171 $314,676.82 $1,106.64 $0.00 $1,779.23 $317,562.69
172 $317,562.69 $1,106.64 $0.00 $1,795.55 $320,464.88
173 $320,464.88 $1,106.64 $0.00 $1,811.96 $323,383.48
174 $323,383.48 $1,106.64 $0.00 $1,828.46 $326,318.58
175 $326,318.58 $1,106.64 $0.00 $1,845.05 $329,270.27
176 $329,270.27 $1,106.64 $0.00 $1,861.74 $332,238.65
177 $332,238.65 $1,106.64 $0.00 $1,878.53 $335,223.82
178 $335,223.82 $1,106.64 $0.00 $1,895.40 $338,225.86
179 $338,225.86 $1,106.64 $0.00 $1,912.38 $341,244.88
180 $341,244.88 $1,106.64 $0.00 $1,929.45 $344,280.97
181 $344,280.97 $1,106.64 $0.00 $1,946.61 $347,334.22
182 $347,334.22 $1,106.64 $0.00 $1,963.88 $350,404.74
183 $350,404.74 $1,106.64 $0.00 $1,981.24 $353,492.62
184 $353,492.62 $1,106.64 $0.00 $1,998.70 $356,597.96
185 $356,597.96 $1,106.64 $0.00 $2,016.26 $359,720.86
186 $359,720.86 $1,106.64 $0.00 $2,033.91 $362,861.41
187 $362,861.41 $1,106.64 $0.00 $2,051.67 $366,019.72
188 $366,019.72 $1,106.64 $0.00 $2,069.53 $369,195.89
189 $369,195.89 $1,106.64 $0.00 $2,087.49 $372,390.02
190 $372,390.02 $1,106.64 $0.00 $2,105.55 $375,602.21
191 $375,602.21 $1,106.64 $0.00 $2,123.71 $378,832.56
192 $378,832.56 $1,106.64 $0.00 $2,141.97 $382,081.17
193 $382,081.17 $1,106.64 $0.00 $2,160.34 $385,348.15
194 $385,348.15 $1,106.64 $0.00 $2,178.81 $388,633.60
195 $388,633.60 $1,106.64 $0.00 $2,197.39 $391,937.63
196 $391,937.63 $1,106.64 $0.00 $2,216.07 $395,260.34
197 $395,260.34 $1,106.64 $0.00 $2,234.86 $398,601.84
198 $398,601.84 $1,106.64 $0.00 $2,253.75 $401,962.23
199 $401,962.23 $1,106.64 $0.00 $2,272.75 $405,341.62
200 $405,341.62 $1,106.64 $0.00 $2,291.86 $408,740.12
201 $408,740.12 $1,106.64 $0.00 $2,311.08 $412,157.84
202 $412,157.84 $1,106.64 $0.00 $2,330.40 $415,594.88
203 $415,594.88 $1,106.64 $0.00 $2,349.83 $419,051.35
204 $419,051.35 $1,106.64 $0.00 $2,369.38 $422,527.37
205 $422,527.37 $1,106.64 $0.00 $2,389.03 $426,023.04
206 $426,023.04 $1,106.64 $0.00 $2,408.80 $429,538.48
207 $429,538.48 $1,106.64 $0.00 $2,428.67 $433,073.79
208 $433,073.79 $1,106.64 $0.00 $2,448.66 $436,629.09
209 $436,629.09 $1,106.64 $0.00 $2,468.76 $440,204.49
210 $440,204.49 $1,106.64 $0.00 $2,488.98 $443,800.11
211 $443,800.11 $1,106.64 $0.00 $2,509.31 $447,416.06
212 $447,416.06 $1,106.64 $0.00 $2,529.76 $451,052.46
213 $451,052.46 $1,106.64 $0.00 $2,550.32 $454,709.42
214 $454,709.42 $1,106.64 $0.00 $2,570.99 $458,387.05
215 $458,387.05 $1,106.64 $0.00 $2,591.79 $462,085.48
216 $462,085.48 $1,106.64 $0.00 $2,612.70 $465,804.82
217 $465,804.82 $1,106.64 $129,740.84 $2,633.73 $339,804.35
218 $339,804.35 $1,106.64 $0.00 $1,921.30 $342,832.29
219 $342,832.29 $1,106.64 $0.00 $1,938.42 $345,877.35
220 $345,877.35 $1,106.64 $0.00 $1,955.64 $348,939.63
221 $348,939.63 $1,106.64 $0.00 $1,972.96 $352,019.23
222 $352,019.23 $1,106.64 $0.00 $1,990.37 $355,116.24
223 $355,116.24 $1,106.64 $0.00 $2,007.88 $358,230.76
224 $358,230.76 $1,106.64 $0.00 $2,025.49 $361,362.89
225 $361,362.89 $1,106.64 $0.00 $2,043.20 $364,512.73
226 $364,512.73 $1,106.64 $0.00 $2,061.01 $367,680.38
227 $367,680.38 $1,106.64 $0.00 $2,078.92 $370,865.94
228 $370,865.94 $1,106.64 $0.00 $2,096.93 $374,069.51
229 $374,069.51 $1,106.64 $136,227.89 $2,115.04 $241,063.30
230 $241,063.30 $1,106.64 $0.00 $1,363.01 $243,532.95
231 $243,532.95 $1,106.64 $0.00 $1,376.97 $246,016.56
232 $246,016.56 $1,106.64 $0.00 $1,391.01 $248,514.21
233 $248,514.21 $1,106.64 $0.00 $1,405.14 $251,025.99
234 $251,025.99 $1,106.64 $0.00 $1,419.34 $253,551.97
235 $253,551.97 $1,106.64 $0.00 $1,433.62 $256,092.23
236 $256,092.23 $1,106.64 $0.00 $1,447.98 $258,646.85
237 $258,646.85 $1,106.64 $0.00 $1,462.43 $261,215.92
238 $261,215.92 $1,106.64 $0.00 $1,476.95 $263,799.51
239 $263,799.51 $1,106.64 $0.00 $1,491.56 $266,397.71
240 $266,397.71 $1,106.64 $0.00 $1,506.25 $269,010.60
241 $269,010.60 $1,106.64 $143,039.28 $1,521.03 $128,598.99
242 $128,598.99 $1,106.64 $0.00 $727.12 $130,432.75
243 $130,432.75 $1,106.64 $0.00 $737.49 $132,276.88
244 $132,276.88 $1,106.64 $0.00 $747.91 $134,131.43
245 $134,131.43 $1,106.64 $0.00 $758.40 $135,996.47
246 $135,996.47 $1,106.64 $0.00 $768.94 $137,872.05
247 $137,872.05 $1,106.64 $0.00 $779.55 $139,758.24
248 $139,758.24 $1,106.64 $0.00 $790.21 $141,655.09
249 $141,655.09 $1,106.64 $0.00 $800.94 $143,562.67
250 $143,562.67 $1,106.64 $0.00 $811.72 $145,481.03
251 $145,481.03 $1,106.64 $0.00 $822.57 $147,410.24
252 $147,410.24 $1,106.64 $0.00 $833.48 $149,350.36
253 $149,350.36 $0.00 $150,191.24 $844.45 $3.57