Savings Plan and Future Cost Estimation for Rhodes College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$256,427
Monthly savings required$2,027

How much will it cost to send your child to Rhodes College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $1,025,708.40 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $2,026.61 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$68,350.00
Years until enrollment18
Annual Tuition Increase7%
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 $2,026.61 $0.00 $0.00 $2,026.61
2 $2,026.61 $2,026.61 $0.00 $11.46 $4,064.68
3 $4,064.68 $2,026.61 $0.00 $22.98 $6,114.27
4 $6,114.27 $2,026.61 $0.00 $34.57 $8,175.45
5 $8,175.45 $2,026.61 $0.00 $46.23 $10,248.29
6 $10,248.29 $2,026.61 $0.00 $57.95 $12,332.85
7 $12,332.85 $2,026.61 $0.00 $69.73 $14,429.19
8 $14,429.19 $2,026.61 $0.00 $81.58 $16,537.38
9 $16,537.38 $2,026.61 $0.00 $93.50 $18,657.49
10 $18,657.49 $2,026.61 $0.00 $105.49 $20,789.59
11 $20,789.59 $2,026.61 $0.00 $117.55 $22,933.75
12 $22,933.75 $2,026.61 $0.00 $129.67 $25,090.03
13 $25,090.03 $2,026.61 $0.00 $141.86 $27,258.50
14 $27,258.50 $2,026.61 $0.00 $154.12 $29,439.23
15 $29,439.23 $2,026.61 $0.00 $166.45 $31,632.29
16 $31,632.29 $2,026.61 $0.00 $178.85 $33,837.75
17 $33,837.75 $2,026.61 $0.00 $191.32 $36,055.68
18 $36,055.68 $2,026.61 $0.00 $203.86 $38,286.15
19 $38,286.15 $2,026.61 $0.00 $216.48 $40,529.24
20 $40,529.24 $2,026.61 $0.00 $229.16 $42,785.01
21 $42,785.01 $2,026.61 $0.00 $241.91 $45,053.53
22 $45,053.53 $2,026.61 $0.00 $254.74 $47,334.88
23 $47,334.88 $2,026.61 $0.00 $267.64 $49,629.13
24 $49,629.13 $2,026.61 $0.00 $280.61 $51,936.35
25 $51,936.35 $2,026.61 $0.00 $293.66 $54,256.62
26 $54,256.62 $2,026.61 $0.00 $306.77 $56,590.00
27 $56,590.00 $2,026.61 $0.00 $319.97 $58,936.58
28 $58,936.58 $2,026.61 $0.00 $333.24 $61,296.43
29 $61,296.43 $2,026.61 $0.00 $346.58 $63,669.62
30 $63,669.62 $2,026.61 $0.00 $360.00 $66,056.23
31 $66,056.23 $2,026.61 $0.00 $373.49 $68,456.33
32 $68,456.33 $2,026.61 $0.00 $387.06 $70,870.00
33 $70,870.00 $2,026.61 $0.00 $400.71 $73,297.32
34 $73,297.32 $2,026.61 $0.00 $414.43 $75,738.36
35 $75,738.36 $2,026.61 $0.00 $428.24 $78,193.21
36 $78,193.21 $2,026.61 $0.00 $442.12 $80,661.94
37 $80,661.94 $2,026.61 $0.00 $456.07 $83,144.62
38 $83,144.62 $2,026.61 $0.00 $470.11 $85,641.34
39 $85,641.34 $2,026.61 $0.00 $484.23 $88,152.18
40 $88,152.18 $2,026.61 $0.00 $498.43 $90,677.22
41 $90,677.22 $2,026.61 $0.00 $512.70 $93,216.53
42 $93,216.53 $2,026.61 $0.00 $527.06 $95,770.20
43 $95,770.20 $2,026.61 $0.00 $541.50 $98,338.31
44 $98,338.31 $2,026.61 $0.00 $556.02 $100,920.94
45 $100,920.94 $2,026.61 $0.00 $570.62 $103,518.17
46 $103,518.17 $2,026.61 $0.00 $585.31 $106,130.09
47 $106,130.09 $2,026.61 $0.00 $600.07 $108,756.77
48 $108,756.77 $2,026.61 $0.00 $614.93 $111,398.31
49 $111,398.31 $2,026.61 $0.00 $629.86 $114,054.78
50 $114,054.78 $2,026.61 $0.00 $644.88 $116,726.27
51 $116,726.27 $2,026.61 $0.00 $659.99 $119,412.87
52 $119,412.87 $2,026.61 $0.00 $675.18 $122,114.66
53 $122,114.66 $2,026.61 $0.00 $690.45 $124,831.72
54 $124,831.72 $2,026.61 $0.00 $705.82 $127,564.15
55 $127,564.15 $2,026.61 $0.00 $721.27 $130,312.03
56 $130,312.03 $2,026.61 $0.00 $736.80 $133,075.44
57 $133,075.44 $2,026.61 $0.00 $752.43 $135,854.48
58 $135,854.48 $2,026.61 $0.00 $768.14 $138,649.23
59 $138,649.23 $2,026.61 $0.00 $783.94 $141,459.78
60 $141,459.78 $2,026.61 $0.00 $799.83 $144,286.22
61 $144,286.22 $2,026.61 $0.00 $815.82 $147,128.65
62 $147,128.65 $2,026.61 $0.00 $831.89 $149,987.15
63 $149,987.15 $2,026.61 $0.00 $848.05 $152,861.81
64 $152,861.81 $2,026.61 $0.00 $864.30 $155,752.72
65 $155,752.72 $2,026.61 $0.00 $880.65 $158,659.98
66 $158,659.98 $2,026.61 $0.00 $897.09 $161,583.68
67 $161,583.68 $2,026.61 $0.00 $913.62 $164,523.91
68 $164,523.91 $2,026.61 $0.00 $930.24 $167,480.76
69 $167,480.76 $2,026.61 $0.00 $946.96 $170,454.33
70 $170,454.33 $2,026.61 $0.00 $963.77 $173,444.71
71 $173,444.71 $2,026.61 $0.00 $980.68 $176,452.00
72 $176,452.00 $2,026.61 $0.00 $997.69 $179,476.30
73 $179,476.30 $2,026.61 $0.00 $1,014.79 $182,517.70
74 $182,517.70 $2,026.61 $0.00 $1,031.98 $185,576.29
75 $185,576.29 $2,026.61 $0.00 $1,049.28 $188,652.18
76 $188,652.18 $2,026.61 $0.00 $1,066.67 $191,745.46
77 $191,745.46 $2,026.61 $0.00 $1,084.16 $194,856.23
78 $194,856.23 $2,026.61 $0.00 $1,101.75 $197,984.59
79 $197,984.59 $2,026.61 $0.00 $1,119.43 $201,130.63
80 $201,130.63 $2,026.61 $0.00 $1,137.22 $204,294.46
81 $204,294.46 $2,026.61 $0.00 $1,155.11 $207,476.18
82 $207,476.18 $2,026.61 $0.00 $1,173.10 $210,675.89
83 $210,675.89 $2,026.61 $0.00 $1,191.19 $213,893.69
84 $213,893.69 $2,026.61 $0.00 $1,209.39 $217,129.69
85 $217,129.69 $2,026.61 $0.00 $1,227.68 $220,383.98
86 $220,383.98 $2,026.61 $0.00 $1,246.08 $223,656.67
87 $223,656.67 $2,026.61 $0.00 $1,264.59 $226,947.87
88 $226,947.87 $2,026.61 $0.00 $1,283.20 $230,257.68
89 $230,257.68 $2,026.61 $0.00 $1,301.91 $233,586.20
90 $233,586.20 $2,026.61 $0.00 $1,320.73 $236,933.54
91 $236,933.54 $2,026.61 $0.00 $1,339.66 $240,299.81
92 $240,299.81 $2,026.61 $0.00 $1,358.69 $243,685.11
93 $243,685.11 $2,026.61 $0.00 $1,377.83 $247,089.55
94 $247,089.55 $2,026.61 $0.00 $1,397.08 $250,513.24
95 $250,513.24 $2,026.61 $0.00 $1,416.44 $253,956.29
96 $253,956.29 $2,026.61 $0.00 $1,435.91 $257,418.81
97 $257,418.81 $2,026.61 $0.00 $1,455.48 $260,900.90
98 $260,900.90 $2,026.61 $0.00 $1,475.17 $264,402.68
99 $264,402.68 $2,026.61 $0.00 $1,494.97 $267,924.26
100 $267,924.26 $2,026.61 $0.00 $1,514.88 $271,465.75
101 $271,465.75 $2,026.61 $0.00 $1,534.91 $275,027.27
102 $275,027.27 $2,026.61 $0.00 $1,555.04 $278,608.92
103 $278,608.92 $2,026.61 $0.00 $1,575.30 $282,210.83
104 $282,210.83 $2,026.61 $0.00 $1,595.66 $285,833.10
105 $285,833.10 $2,026.61 $0.00 $1,616.14 $289,475.85
106 $289,475.85 $2,026.61 $0.00 $1,636.74 $293,139.20
107 $293,139.20 $2,026.61 $0.00 $1,657.45 $296,823.26
108 $296,823.26 $2,026.61 $0.00 $1,678.28 $300,528.15
109 $300,528.15 $2,026.61 $0.00 $1,699.23 $304,253.99
110 $304,253.99 $2,026.61 $0.00 $1,720.30 $308,000.90
111 $308,000.90 $2,026.61 $0.00 $1,741.48 $311,768.99
112 $311,768.99 $2,026.61 $0.00 $1,762.79 $315,558.39
113 $315,558.39 $2,026.61 $0.00 $1,784.21 $319,369.21
114 $319,369.21 $2,026.61 $0.00 $1,805.76 $323,201.58
115 $323,201.58 $2,026.61 $0.00 $1,827.43 $327,055.62
116 $327,055.62 $2,026.61 $0.00 $1,849.22 $330,931.45
117 $330,931.45 $2,026.61 $0.00 $1,871.13 $334,829.19
118 $334,829.19 $2,026.61 $0.00 $1,893.17 $338,748.97
119 $338,748.97 $2,026.61 $0.00 $1,915.34 $342,690.92
120 $342,690.92 $2,026.61 $0.00 $1,937.62 $346,655.15
121 $346,655.15 $2,026.61 $0.00 $1,960.04 $350,641.80
122 $350,641.80 $2,026.61 $0.00 $1,982.58 $354,650.99
123 $354,650.99 $2,026.61 $0.00 $2,005.25 $358,682.85
124 $358,682.85 $2,026.61 $0.00 $2,028.04 $362,737.50
125 $362,737.50 $2,026.61 $0.00 $2,050.97 $366,815.08
126 $366,815.08 $2,026.61 $0.00 $2,074.03 $370,915.72
127 $370,915.72 $2,026.61 $0.00 $2,097.21 $375,039.54
128 $375,039.54 $2,026.61 $0.00 $2,120.53 $379,186.68
129 $379,186.68 $2,026.61 $0.00 $2,143.98 $383,357.27
130 $383,357.27 $2,026.61 $0.00 $2,167.56 $387,551.44
131 $387,551.44 $2,026.61 $0.00 $2,191.27 $391,769.32
132 $391,769.32 $2,026.61 $0.00 $2,215.12 $396,011.05
133 $396,011.05 $2,026.61 $0.00 $2,239.10 $400,276.76
134 $400,276.76 $2,026.61 $0.00 $2,263.22 $404,566.59
135 $404,566.59 $2,026.61 $0.00 $2,287.48 $408,880.68
136 $408,880.68 $2,026.61 $0.00 $2,311.87 $413,219.16
137 $413,219.16 $2,026.61 $0.00 $2,336.40 $417,582.17
138 $417,582.17 $2,026.61 $0.00 $2,361.07 $421,969.85
139 $421,969.85 $2,026.61 $0.00 $2,385.88 $426,382.34
140 $426,382.34 $2,026.61 $0.00 $2,410.83 $430,819.78
141 $430,819.78 $2,026.61 $0.00 $2,435.92 $435,282.31
142 $435,282.31 $2,026.61 $0.00 $2,461.15 $439,770.07
143 $439,770.07 $2,026.61 $0.00 $2,486.52 $444,283.20
144 $444,283.20 $2,026.61 $0.00 $2,512.04 $448,821.85
145 $448,821.85 $2,026.61 $0.00 $2,537.70 $453,386.16
146 $453,386.16 $2,026.61 $0.00 $2,563.51 $457,976.28
147 $457,976.28 $2,026.61 $0.00 $2,589.46 $462,592.35
148 $462,592.35 $2,026.61 $0.00 $2,615.56 $467,234.52
149 $467,234.52 $2,026.61 $0.00 $2,641.81 $471,902.94
150 $471,902.94 $2,026.61 $0.00 $2,668.21 $476,597.76
151 $476,597.76 $2,026.61 $0.00 $2,694.75 $481,319.12
152 $481,319.12 $2,026.61 $0.00 $2,721.45 $486,067.18
153 $486,067.18 $2,026.61 $0.00 $2,748.29 $490,842.08
154 $490,842.08 $2,026.61 $0.00 $2,775.29 $495,643.98
155 $495,643.98 $2,026.61 $0.00 $2,802.44 $500,473.03
156 $500,473.03 $2,026.61 $0.00 $2,829.75 $505,329.39
157 $505,329.39 $2,026.61 $0.00 $2,857.21 $510,213.21
158 $510,213.21 $2,026.61 $0.00 $2,884.82 $515,124.64
159 $515,124.64 $2,026.61 $0.00 $2,912.59 $520,063.84
160 $520,063.84 $2,026.61 $0.00 $2,940.52 $525,030.97
161 $525,030.97 $2,026.61 $0.00 $2,968.60 $530,026.18
162 $530,026.18 $2,026.61 $0.00 $2,996.85 $535,049.64
163 $535,049.64 $2,026.61 $0.00 $3,025.25 $540,101.50
164 $540,101.50 $2,026.61 $0.00 $3,053.81 $545,181.92
165 $545,181.92 $2,026.61 $0.00 $3,082.54 $550,291.07
166 $550,291.07 $2,026.61 $0.00 $3,111.43 $555,429.11
167 $555,429.11 $2,026.61 $0.00 $3,140.48 $560,596.20
168 $560,596.20 $2,026.61 $0.00 $3,169.69 $565,792.50
169 $565,792.50 $2,026.61 $0.00 $3,199.07 $571,018.18
170 $571,018.18 $2,026.61 $0.00 $3,228.62 $576,273.41
171 $576,273.41 $2,026.61 $0.00 $3,258.33 $581,558.35
172 $581,558.35 $2,026.61 $0.00 $3,288.22 $586,873.18
173 $586,873.18 $2,026.61 $0.00 $3,318.27 $592,218.06
174 $592,218.06 $2,026.61 $0.00 $3,348.49 $597,593.16
175 $597,593.16 $2,026.61 $0.00 $3,378.88 $602,998.65
176 $602,998.65 $2,026.61 $0.00 $3,409.44 $608,434.70
177 $608,434.70 $2,026.61 $0.00 $3,440.18 $613,901.49
178 $613,901.49 $2,026.61 $0.00 $3,471.09 $619,399.19
179 $619,399.19 $2,026.61 $0.00 $3,502.17 $624,927.97
180 $624,927.97 $2,026.61 $0.00 $3,533.43 $630,488.01
181 $630,488.01 $2,026.61 $0.00 $3,564.87 $636,079.49
182 $636,079.49 $2,026.61 $0.00 $3,596.49 $641,702.59
183 $641,702.59 $2,026.61 $0.00 $3,628.28 $647,357.48
184 $647,357.48 $2,026.61 $0.00 $3,660.25 $653,044.34
185 $653,044.34 $2,026.61 $0.00 $3,692.41 $658,763.36
186 $658,763.36 $2,026.61 $0.00 $3,724.74 $664,514.71
187 $664,514.71 $2,026.61 $0.00 $3,757.26 $670,298.58
188 $670,298.58 $2,026.61 $0.00 $3,789.97 $676,115.16
189 $676,115.16 $2,026.61 $0.00 $3,822.85 $681,964.62
190 $681,964.62 $2,026.61 $0.00 $3,855.93 $687,847.16
191 $687,847.16 $2,026.61 $0.00 $3,889.19 $693,762.96
192 $693,762.96 $2,026.61 $0.00 $3,922.64 $699,712.21
193 $699,712.21 $2,026.61 $0.00 $3,956.27 $705,695.09
194 $705,695.09 $2,026.61 $0.00 $3,990.10 $711,711.80
195 $711,711.80 $2,026.61 $0.00 $4,024.12 $717,762.53
196 $717,762.53 $2,026.61 $0.00 $4,058.33 $723,847.47
197 $723,847.47 $2,026.61 $0.00 $4,092.74 $729,966.82
198 $729,966.82 $2,026.61 $0.00 $4,127.34 $736,120.77
199 $736,120.77 $2,026.61 $0.00 $4,162.13 $742,309.51
200 $742,309.51 $2,026.61 $0.00 $4,197.13 $748,533.25
201 $748,533.25 $2,026.61 $0.00 $4,232.32 $754,792.18
202 $754,792.18 $2,026.61 $0.00 $4,267.70 $761,086.49
203 $761,086.49 $2,026.61 $0.00 $4,303.29 $767,416.39
204 $767,416.39 $2,026.61 $0.00 $4,339.08 $773,782.08
205 $773,782.08 $2,026.61 $0.00 $4,375.08 $780,183.77
206 $780,183.77 $2,026.61 $0.00 $4,411.27 $786,621.65
207 $786,621.65 $2,026.61 $0.00 $4,447.67 $793,095.93
208 $793,095.93 $2,026.61 $0.00 $4,484.28 $799,606.82
209 $799,606.82 $2,026.61 $0.00 $4,521.09 $806,154.52
210 $806,154.52 $2,026.61 $0.00 $4,558.11 $812,739.24
211 $812,739.24 $2,026.61 $0.00 $4,595.35 $819,361.20
212 $819,361.20 $2,026.61 $0.00 $4,632.79 $826,020.60
213 $826,020.60 $2,026.61 $0.00 $4,670.44 $832,717.65
214 $832,717.65 $2,026.61 $0.00 $4,708.31 $839,452.57
215 $839,452.57 $2,026.61 $0.00 $4,746.39 $846,225.57
216 $846,225.57 $2,026.61 $0.00 $4,784.68 $853,036.86
217 $853,036.86 $2,026.61 $231,018.37 $4,823.19 $628,868.29
218 $628,868.29 $2,026.61 $0.00 $3,555.71 $634,450.61
219 $634,450.61 $2,026.61 $0.00 $3,587.28 $640,064.50
220 $640,064.50 $2,026.61 $0.00 $3,619.02 $645,710.13
221 $645,710.13 $2,026.61 $0.00 $3,650.94 $651,387.68
222 $651,387.68 $2,026.61 $0.00 $3,683.04 $657,097.33
223 $657,097.33 $2,026.61 $0.00 $3,715.32 $662,839.26
224 $662,839.26 $2,026.61 $0.00 $3,747.79 $668,613.66
225 $668,613.66 $2,026.61 $0.00 $3,780.44 $674,420.71
226 $674,420.71 $2,026.61 $0.00 $3,813.27 $680,260.59
227 $680,260.59 $2,026.61 $0.00 $3,846.29 $686,133.49
228 $686,133.49 $2,026.61 $0.00 $3,879.50 $692,039.60
229 $692,039.60 $2,026.61 $247,189.66 $3,912.89 $450,789.44
230 $450,789.44 $2,026.61 $0.00 $2,548.83 $455,364.88
231 $455,364.88 $2,026.61 $0.00 $2,574.70 $459,966.19
232 $459,966.19 $2,026.61 $0.00 $2,600.72 $464,593.52
233 $464,593.52 $2,026.61 $0.00 $2,626.88 $469,247.01
234 $469,247.01 $2,026.61 $0.00 $2,653.19 $473,926.81
235 $473,926.81 $2,026.61 $0.00 $2,679.65 $478,633.07
236 $478,633.07 $2,026.61 $0.00 $2,706.26 $483,365.94
237 $483,365.94 $2,026.61 $0.00 $2,733.02 $488,125.57
238 $488,125.57 $2,026.61 $0.00 $2,759.93 $492,912.11
239 $492,912.11 $2,026.61 $0.00 $2,787.00 $497,725.72
240 $497,725.72 $2,026.61 $0.00 $2,814.21 $502,566.54
241 $502,566.54 $2,026.61 $264,492.93 $2,841.58 $242,941.80
242 $242,941.80 $2,026.61 $0.00 $1,373.63 $246,342.04
243 $246,342.04 $2,026.61 $0.00 $1,392.85 $249,761.50
244 $249,761.50 $2,026.61 $0.00 $1,412.19 $253,200.30
245 $253,200.30 $2,026.61 $0.00 $1,431.63 $256,658.54
246 $256,658.54 $2,026.61 $0.00 $1,451.18 $260,136.33
247 $260,136.33 $2,026.61 $0.00 $1,470.85 $263,633.79
248 $263,633.79 $2,026.61 $0.00 $1,490.62 $267,151.02
249 $267,151.02 $2,026.61 $0.00 $1,510.51 $270,688.14
250 $270,688.14 $2,026.61 $0.00 $1,530.51 $274,245.26
251 $274,245.26 $2,026.61 $0.00 $1,550.62 $277,822.49
252 $277,822.49 $2,026.61 $0.00 $1,570.85 $281,419.95
253 $281,419.95 $0.00 $283,007.44 $1,591.19 $3.70