## Savings Plan and Future Cost Estimation

 Estimated Annual Cost in 2038 \$105,751 Monthly savings required \$837

How much will it cost to send your child to Tusculum College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at \$423,004.00 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of \$837.10 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 \$40,780.00 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 Tusculum College in the future.

## College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 \$0.00 \$837.10 \$0.00 \$0.00 \$837.10
2 \$837.10 \$837.10 \$0.00 \$4.73 \$1,678.93
3 \$1,678.93 \$837.10 \$0.00 \$9.49 \$2,525.52
4 \$2,525.52 \$837.10 \$0.00 \$14.28 \$3,376.90
5 \$3,376.90 \$837.10 \$0.00 \$19.09 \$4,233.09
6 \$4,233.09 \$837.10 \$0.00 \$23.93 \$5,094.12
7 \$5,094.12 \$837.10 \$0.00 \$28.80 \$5,960.02
8 \$5,960.02 \$837.10 \$0.00 \$33.70 \$6,830.82
9 \$6,830.82 \$837.10 \$0.00 \$38.62 \$7,706.54
10 \$7,706.54 \$837.10 \$0.00 \$43.57 \$8,587.21
11 \$8,587.21 \$837.10 \$0.00 \$48.55 \$9,472.86
12 \$9,472.86 \$837.10 \$0.00 \$53.56 \$10,363.52
13 \$10,363.52 \$837.10 \$0.00 \$58.60 \$11,259.22
14 \$11,259.22 \$837.10 \$0.00 \$63.66 \$12,159.98
15 \$12,159.98 \$837.10 \$0.00 \$68.75 \$13,065.83
16 \$13,065.83 \$837.10 \$0.00 \$73.88 \$13,976.81
17 \$13,976.81 \$837.10 \$0.00 \$79.03 \$14,892.94
18 \$14,892.94 \$837.10 \$0.00 \$84.21 \$15,814.25
19 \$15,814.25 \$837.10 \$0.00 \$89.42 \$16,740.77
20 \$16,740.77 \$837.10 \$0.00 \$94.65 \$17,672.52
21 \$17,672.52 \$837.10 \$0.00 \$99.92 \$18,609.54
22 \$18,609.54 \$837.10 \$0.00 \$105.22 \$19,551.86
23 \$19,551.86 \$837.10 \$0.00 \$110.55 \$20,499.51
24 \$20,499.51 \$837.10 \$0.00 \$115.91 \$21,452.52
25 \$21,452.52 \$837.10 \$0.00 \$121.30 \$22,410.92
26 \$22,410.92 \$837.10 \$0.00 \$126.71 \$23,374.73
27 \$23,374.73 \$837.10 \$0.00 \$132.16 \$24,343.99
28 \$24,343.99 \$837.10 \$0.00 \$137.64 \$25,318.73
29 \$25,318.73 \$837.10 \$0.00 \$143.16 \$26,298.99
30 \$26,298.99 \$837.10 \$0.00 \$148.70 \$27,284.79
31 \$27,284.79 \$837.10 \$0.00 \$154.27 \$28,276.16
32 \$28,276.16 \$837.10 \$0.00 \$159.88 \$29,273.14
33 \$29,273.14 \$837.10 \$0.00 \$165.51 \$30,275.75
34 \$30,275.75 \$837.10 \$0.00 \$171.18 \$31,284.03
35 \$31,284.03 \$837.10 \$0.00 \$176.88 \$32,298.01
36 \$32,298.01 \$837.10 \$0.00 \$182.62 \$33,317.73
37 \$33,317.73 \$837.10 \$0.00 \$188.38 \$34,343.21
38 \$34,343.21 \$837.10 \$0.00 \$194.18 \$35,374.49
39 \$35,374.49 \$837.10 \$0.00 \$200.01 \$36,411.60
40 \$36,411.60 \$837.10 \$0.00 \$205.88 \$37,454.58
41 \$37,454.58 \$837.10 \$0.00 \$211.77 \$38,503.45
42 \$38,503.45 \$837.10 \$0.00 \$217.70 \$39,558.25
43 \$39,558.25 \$837.10 \$0.00 \$223.67 \$40,619.02
44 \$40,619.02 \$837.10 \$0.00 \$229.67 \$41,685.79
45 \$41,685.79 \$837.10 \$0.00 \$235.70 \$42,758.59
46 \$42,758.59 \$837.10 \$0.00 \$241.76 \$43,837.45
47 \$43,837.45 \$837.10 \$0.00 \$247.86 \$44,922.41
48 \$44,922.41 \$837.10 \$0.00 \$254.00 \$46,013.51
49 \$46,013.51 \$837.10 \$0.00 \$260.17 \$47,110.78
50 \$47,110.78 \$837.10 \$0.00 \$266.37 \$48,214.25
51 \$48,214.25 \$837.10 \$0.00 \$272.61 \$49,323.96
52 \$49,323.96 \$837.10 \$0.00 \$278.88 \$50,439.94
53 \$50,439.94 \$837.10 \$0.00 \$285.19 \$51,562.23
54 \$51,562.23 \$837.10 \$0.00 \$291.54 \$52,690.87
55 \$52,690.87 \$837.10 \$0.00 \$297.92 \$53,825.89
56 \$53,825.89 \$837.10 \$0.00 \$304.34 \$54,967.33
57 \$54,967.33 \$837.10 \$0.00 \$310.79 \$56,115.22
58 \$56,115.22 \$837.10 \$0.00 \$317.28 \$57,269.60
59 \$57,269.60 \$837.10 \$0.00 \$323.81 \$58,430.51
60 \$58,430.51 \$837.10 \$0.00 \$330.37 \$59,597.98
61 \$59,597.98 \$837.10 \$0.00 \$336.98 \$60,772.06
62 \$60,772.06 \$837.10 \$0.00 \$343.61 \$61,952.77
63 \$61,952.77 \$837.10 \$0.00 \$350.29 \$63,140.16
64 \$63,140.16 \$837.10 \$0.00 \$357.00 \$64,334.26
65 \$64,334.26 \$837.10 \$0.00 \$363.76 \$65,535.12
66 \$65,535.12 \$837.10 \$0.00 \$370.55 \$66,742.77
67 \$66,742.77 \$837.10 \$0.00 \$377.37 \$67,957.24
68 \$67,957.24 \$837.10 \$0.00 \$384.24 \$69,178.58
69 \$69,178.58 \$837.10 \$0.00 \$391.15 \$70,406.83
70 \$70,406.83 \$837.10 \$0.00 \$398.09 \$71,642.02
71 \$71,642.02 \$837.10 \$0.00 \$405.07 \$72,884.19
72 \$72,884.19 \$837.10 \$0.00 \$412.10 \$74,133.39
73 \$74,133.39 \$837.10 \$0.00 \$419.16 \$75,389.65
74 \$75,389.65 \$837.10 \$0.00 \$426.26 \$76,653.01
75 \$76,653.01 \$837.10 \$0.00 \$433.41 \$77,923.52
76 \$77,923.52 \$837.10 \$0.00 \$440.59 \$79,201.21
77 \$79,201.21 \$837.10 \$0.00 \$447.82 \$80,486.13
78 \$80,486.13 \$837.10 \$0.00 \$455.08 \$81,778.31
79 \$81,778.31 \$837.10 \$0.00 \$462.39 \$83,077.80
80 \$83,077.80 \$837.10 \$0.00 \$469.73 \$84,384.63
81 \$84,384.63 \$837.10 \$0.00 \$477.12 \$85,698.85
82 \$85,698.85 \$837.10 \$0.00 \$484.55 \$87,020.50
83 \$87,020.50 \$837.10 \$0.00 \$492.03 \$88,349.63
84 \$88,349.63 \$837.10 \$0.00 \$499.54 \$89,686.27
85 \$89,686.27 \$837.10 \$0.00 \$507.10 \$91,030.47
86 \$91,030.47 \$837.10 \$0.00 \$514.70 \$92,382.27
87 \$92,382.27 \$837.10 \$0.00 \$522.34 \$93,741.71
88 \$93,741.71 \$837.10 \$0.00 \$530.03 \$95,108.84
89 \$95,108.84 \$837.10 \$0.00 \$537.76 \$96,483.70
90 \$96,483.70 \$837.10 \$0.00 \$545.53 \$97,866.33
91 \$97,866.33 \$837.10 \$0.00 \$553.35 \$99,256.78
92 \$99,256.78 \$837.10 \$0.00 \$561.21 \$100,655.09
93 \$100,655.09 \$837.10 \$0.00 \$569.12 \$102,061.31
94 \$102,061.31 \$837.10 \$0.00 \$577.07 \$103,475.48
95 \$103,475.48 \$837.10 \$0.00 \$585.07 \$104,897.65
96 \$104,897.65 \$837.10 \$0.00 \$593.11 \$106,327.86
97 \$106,327.86 \$837.10 \$0.00 \$601.19 \$107,766.15
98 \$107,766.15 \$837.10 \$0.00 \$609.33 \$109,212.58
99 \$109,212.58 \$837.10 \$0.00 \$617.50 \$110,667.18
100 \$110,667.18 \$837.10 \$0.00 \$625.73 \$112,130.01
101 \$112,130.01 \$837.10 \$0.00 \$634.00 \$113,601.11
102 \$113,601.11 \$837.10 \$0.00 \$642.32 \$115,080.53
103 \$115,080.53 \$837.10 \$0.00 \$650.68 \$116,568.31
104 \$116,568.31 \$837.10 \$0.00 \$659.09 \$118,064.50
105 \$118,064.50 \$837.10 \$0.00 \$667.55 \$119,569.15
106 \$119,569.15 \$837.10 \$0.00 \$676.06 \$121,082.31
107 \$121,082.31 \$837.10 \$0.00 \$684.62 \$122,604.03
108 \$122,604.03 \$837.10 \$0.00 \$693.22 \$124,134.35
109 \$124,134.35 \$837.10 \$0.00 \$701.87 \$125,673.32
110 \$125,673.32 \$837.10 \$0.00 \$710.58 \$127,221.00
111 \$127,221.00 \$837.10 \$0.00 \$719.33 \$128,777.43
112 \$128,777.43 \$837.10 \$0.00 \$728.13 \$130,342.66
113 \$130,342.66 \$837.10 \$0.00 \$736.98 \$131,916.74
114 \$131,916.74 \$837.10 \$0.00 \$745.88 \$133,499.72
115 \$133,499.72 \$837.10 \$0.00 \$754.83 \$135,091.65
116 \$135,091.65 \$837.10 \$0.00 \$763.83 \$136,692.58
117 \$136,692.58 \$837.10 \$0.00 \$772.88 \$138,302.56
118 \$138,302.56 \$837.10 \$0.00 \$781.98 \$139,921.64
119 \$139,921.64 \$837.10 \$0.00 \$791.14 \$141,549.88
120 \$141,549.88 \$837.10 \$0.00 \$800.34 \$143,187.32
121 \$143,187.32 \$837.10 \$0.00 \$809.60 \$144,834.02
122 \$144,834.02 \$837.10 \$0.00 \$818.91 \$146,490.03
123 \$146,490.03 \$837.10 \$0.00 \$828.28 \$148,155.41
124 \$148,155.41 \$837.10 \$0.00 \$837.69 \$149,830.20
125 \$149,830.20 \$837.10 \$0.00 \$847.16 \$151,514.46
126 \$151,514.46 \$837.10 \$0.00 \$856.68 \$153,208.24
127 \$153,208.24 \$837.10 \$0.00 \$866.26 \$154,911.60
128 \$154,911.60 \$837.10 \$0.00 \$875.89 \$156,624.59
129 \$156,624.59 \$837.10 \$0.00 \$885.58 \$158,347.27
130 \$158,347.27 \$837.10 \$0.00 \$895.32 \$160,079.69
131 \$160,079.69 \$837.10 \$0.00 \$905.11 \$161,821.90
132 \$161,821.90 \$837.10 \$0.00 \$914.96 \$163,573.96
133 \$163,573.96 \$837.10 \$0.00 \$924.87 \$165,335.93
134 \$165,335.93 \$837.10 \$0.00 \$934.83 \$167,107.86
135 \$167,107.86 \$837.10 \$0.00 \$944.85 \$168,889.81
136 \$168,889.81 \$837.10 \$0.00 \$954.93 \$170,681.84
137 \$170,681.84 \$837.10 \$0.00 \$965.06 \$172,484.00
138 \$172,484.00 \$837.10 \$0.00 \$975.25 \$174,296.35
139 \$174,296.35 \$837.10 \$0.00 \$985.50 \$176,118.95
140 \$176,118.95 \$837.10 \$0.00 \$995.80 \$177,951.85
141 \$177,951.85 \$837.10 \$0.00 \$1,006.17 \$179,795.12
142 \$179,795.12 \$837.10 \$0.00 \$1,016.59 \$181,648.81
143 \$181,648.81 \$837.10 \$0.00 \$1,027.07 \$183,512.98
144 \$183,512.98 \$837.10 \$0.00 \$1,037.61 \$185,387.69
145 \$185,387.69 \$837.10 \$0.00 \$1,048.21 \$187,273.00
146 \$187,273.00 \$837.10 \$0.00 \$1,058.87 \$189,168.97
147 \$189,168.97 \$837.10 \$0.00 \$1,069.59 \$191,075.66
148 \$191,075.66 \$837.10 \$0.00 \$1,080.37 \$192,993.13
149 \$192,993.13 \$837.10 \$0.00 \$1,091.21 \$194,921.44
150 \$194,921.44 \$837.10 \$0.00 \$1,102.11 \$196,860.65
151 \$196,860.65 \$837.10 \$0.00 \$1,113.08 \$198,810.83
152 \$198,810.83 \$837.10 \$0.00 \$1,124.11 \$200,772.04
153 \$200,772.04 \$837.10 \$0.00 \$1,135.19 \$202,744.33
154 \$202,744.33 \$837.10 \$0.00 \$1,146.35 \$204,727.78
155 \$204,727.78 \$837.10 \$0.00 \$1,157.56 \$206,722.44
156 \$206,722.44 \$837.10 \$0.00 \$1,168.84 \$208,728.38
157 \$208,728.38 \$837.10 \$0.00 \$1,180.18 \$210,745.66
158 \$210,745.66 \$837.10 \$0.00 \$1,191.59 \$212,774.35
159 \$212,774.35 \$837.10 \$0.00 \$1,203.06 \$214,814.51
160 \$214,814.51 \$837.10 \$0.00 \$1,214.59 \$216,866.20
161 \$216,866.20 \$837.10 \$0.00 \$1,226.19 \$218,929.49
162 \$218,929.49 \$837.10 \$0.00 \$1,237.86 \$221,004.45
163 \$221,004.45 \$837.10 \$0.00 \$1,249.59 \$223,091.14
164 \$223,091.14 \$837.10 \$0.00 \$1,261.39 \$225,189.63
165 \$225,189.63 \$837.10 \$0.00 \$1,273.25 \$227,299.98
166 \$227,299.98 \$837.10 \$0.00 \$1,285.19 \$229,422.27
167 \$229,422.27 \$837.10 \$0.00 \$1,297.19 \$231,556.56
168 \$231,556.56 \$837.10 \$0.00 \$1,309.25 \$233,702.91
169 \$233,702.91 \$837.10 \$0.00 \$1,321.39 \$235,861.40
170 \$235,861.40 \$837.10 \$0.00 \$1,333.59 \$238,032.09
171 \$238,032.09 \$837.10 \$0.00 \$1,345.87 \$240,215.06
172 \$240,215.06 \$837.10 \$0.00 \$1,358.21 \$242,410.37
173 \$242,410.37 \$837.10 \$0.00 \$1,370.62 \$244,618.09
174 \$244,618.09 \$837.10 \$0.00 \$1,383.11 \$246,838.30
175 \$246,838.30 \$837.10 \$0.00 \$1,395.66 \$249,071.06
176 \$249,071.06 \$837.10 \$0.00 \$1,408.28 \$251,316.44
177 \$251,316.44 \$837.10 \$0.00 \$1,420.98 \$253,574.52
178 \$253,574.52 \$837.10 \$0.00 \$1,433.75 \$255,845.37
179 \$255,845.37 \$837.10 \$0.00 \$1,446.59 \$258,129.06
180 \$258,129.06 \$837.10 \$0.00 \$1,459.50 \$260,425.66
181 \$260,425.66 \$837.10 \$0.00 \$1,472.48 \$262,735.24
182 \$262,735.24 \$837.10 \$0.00 \$1,485.54 \$265,057.88
183 \$265,057.88 \$837.10 \$0.00 \$1,498.68 \$267,393.66
184 \$267,393.66 \$837.10 \$0.00 \$1,511.88 \$269,742.64
185 \$269,742.64 \$837.10 \$0.00 \$1,525.16 \$272,104.90
186 \$272,104.90 \$837.10 \$0.00 \$1,538.52 \$274,480.52
187 \$274,480.52 \$837.10 \$0.00 \$1,551.95 \$276,869.57
188 \$276,869.57 \$837.10 \$0.00 \$1,565.46 \$279,272.13
189 \$279,272.13 \$837.10 \$0.00 \$1,579.05 \$281,688.28
190 \$281,688.28 \$837.10 \$0.00 \$1,592.71 \$284,118.09
191 \$284,118.09 \$837.10 \$0.00 \$1,606.44 \$286,561.63
192 \$286,561.63 \$837.10 \$0.00 \$1,620.26 \$289,018.99
193 \$289,018.99 \$837.10 \$0.00 \$1,634.16 \$291,490.25
194 \$291,490.25 \$837.10 \$0.00 \$1,648.13 \$293,975.48
195 \$293,975.48 \$837.10 \$0.00 \$1,662.18 \$296,474.76
196 \$296,474.76 \$837.10 \$0.00 \$1,676.31 \$298,988.17
197 \$298,988.17 \$837.10 \$0.00 \$1,690.52 \$301,515.79
198 \$301,515.79 \$837.10 \$0.00 \$1,704.81 \$304,057.70
199 \$304,057.70 \$837.10 \$0.00 \$1,719.19 \$306,613.99
200 \$306,613.99 \$837.10 \$0.00 \$1,733.64 \$309,184.73
201 \$309,184.73 \$837.10 \$0.00 \$1,748.18 \$311,770.01
202 \$311,770.01 \$837.10 \$0.00 \$1,762.79 \$314,369.90
203 \$314,369.90 \$837.10 \$0.00 \$1,777.49 \$316,984.49
204 \$316,984.49 \$837.10 \$0.00 \$1,792.28 \$319,613.87
205 \$319,613.87 \$837.10 \$0.00 \$1,807.14 \$322,258.11
206 \$322,258.11 \$837.10 \$0.00 \$1,822.09 \$324,917.30
207 \$324,917.30 \$837.10 \$0.00 \$1,837.13 \$327,591.53
208 \$327,591.53 \$837.10 \$0.00 \$1,852.25 \$330,280.88
209 \$330,280.88 \$837.10 \$0.00 \$1,867.46 \$332,985.44
210 \$332,985.44 \$837.10 \$0.00 \$1,882.75 \$335,705.29
211 \$335,705.29 \$837.10 \$0.00 \$1,898.13 \$338,440.52
212 \$338,440.52 \$837.10 \$0.00 \$1,913.59 \$341,191.21
213 \$341,191.21 \$837.10 \$0.00 \$1,929.14 \$343,957.45
214 \$343,957.45 \$837.10 \$0.00 \$1,944.79 \$346,739.34
215 \$346,739.34 \$837.10 \$0.00 \$1,960.51 \$349,536.95
216 \$349,536.95 \$837.10 \$0.00 \$1,976.33 \$352,350.38
217 \$352,350.38 \$837.10 \$98,141.93 \$1,992.24 \$257,037.79
218 \$257,037.79 \$837.10 \$0.00 \$1,453.33 \$259,328.22
219 \$259,328.22 \$837.10 \$0.00 \$1,466.28 \$261,631.60
220 \$261,631.60 \$837.10 \$0.00 \$1,479.30 \$263,948.00
221 \$263,948.00 \$837.10 \$0.00 \$1,492.40 \$266,277.50
222 \$266,277.50 \$837.10 \$0.00 \$1,505.57 \$268,620.17
223 \$268,620.17 \$837.10 \$0.00 \$1,518.82 \$270,976.09
224 \$270,976.09 \$837.10 \$0.00 \$1,532.14 \$273,345.33
225 \$273,345.33 \$837.10 \$0.00 \$1,545.53 \$275,727.96
226 \$275,727.96 \$837.10 \$0.00 \$1,559.01 \$278,124.07
227 \$278,124.07 \$837.10 \$0.00 \$1,572.55 \$280,533.72
228 \$280,533.72 \$837.10 \$0.00 \$1,586.18 \$282,957.00
229 \$282,957.00 \$837.10 \$103,049.03 \$1,599.88 \$182,344.95
230 \$182,344.95 \$837.10 \$0.00 \$1,031.00 \$184,213.05
231 \$184,213.05 \$837.10 \$0.00 \$1,041.57 \$186,091.72
232 \$186,091.72 \$837.10 \$0.00 \$1,052.19 \$187,981.01
233 \$187,981.01 \$837.10 \$0.00 \$1,062.87 \$189,880.98
234 \$189,880.98 \$837.10 \$0.00 \$1,073.61 \$191,791.69
235 \$191,791.69 \$837.10 \$0.00 \$1,084.42 \$193,713.21
236 \$193,713.21 \$837.10 \$0.00 \$1,095.28 \$195,645.59
237 \$195,645.59 \$837.10 \$0.00 \$1,106.21 \$197,588.90
238 \$197,588.90 \$837.10 \$0.00 \$1,117.20 \$199,543.20
239 \$199,543.20 \$837.10 \$0.00 \$1,128.25 \$201,508.55
240 \$201,508.55 \$837.10 \$0.00 \$1,139.36 \$203,485.01
241 \$203,485.01 \$837.10 \$108,201.48 \$1,150.53 \$97,271.16
242 \$97,271.16 \$837.10 \$0.00 \$549.99 \$98,658.25
243 \$98,658.25 \$837.10 \$0.00 \$557.83 \$100,053.18
244 \$100,053.18 \$837.10 \$0.00 \$565.72 \$101,456.00
245 \$101,456.00 \$837.10 \$0.00 \$573.65 \$102,866.75
246 \$102,866.75 \$837.10 \$0.00 \$581.62 \$104,285.47
247 \$104,285.47 \$837.10 \$0.00 \$589.65 \$105,712.22
248 \$105,712.22 \$837.10 \$0.00 \$597.71 \$107,147.03
249 \$107,147.03 \$837.10 \$0.00 \$605.82 \$108,589.95
250 \$108,589.95 \$837.10 \$0.00 \$613.98 \$110,041.03
251 \$110,041.03 \$837.10 \$0.00 \$622.19 \$111,500.32
252 \$111,500.32 \$837.10 \$0.00 \$630.44 \$112,967.86
253 \$112,967.86 \$0.00 \$113,611.55 \$638.74 (\$4.95)