Savings Plan and Future Cost Estimation for St Philip's College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$75,296
Monthly savings required$335

How much will it cost to send your child to St Philip's College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $150,591.80 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $334.53 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$21,524.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment2

Current Savings Shortfall

College Savings Calculator

Update Your Savings Plan

Discover how much will you need to start saving now to afford St Philip's College in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $334.53 $0.00 $0.00 $334.53
2 $334.53 $334.53 $0.00 $1.89 $670.95
3 $670.95 $334.53 $0.00 $3.79 $1,009.27
4 $1,009.27 $334.53 $0.00 $5.71 $1,349.51
5 $1,349.51 $334.53 $0.00 $7.63 $1,691.67
6 $1,691.67 $334.53 $0.00 $9.56 $2,035.76
7 $2,035.76 $334.53 $0.00 $11.51 $2,381.80
8 $2,381.80 $334.53 $0.00 $13.47 $2,729.80
9 $2,729.80 $334.53 $0.00 $15.43 $3,079.76
10 $3,079.76 $334.53 $0.00 $17.41 $3,431.70
11 $3,431.70 $334.53 $0.00 $19.40 $3,785.63
12 $3,785.63 $334.53 $0.00 $21.40 $4,141.56
13 $4,141.56 $334.53 $0.00 $23.42 $4,499.51
14 $4,499.51 $334.53 $0.00 $25.44 $4,859.48
15 $4,859.48 $334.53 $0.00 $27.48 $5,221.49
16 $5,221.49 $334.53 $0.00 $29.52 $5,585.54
17 $5,585.54 $334.53 $0.00 $31.58 $5,951.65
18 $5,951.65 $334.53 $0.00 $33.65 $6,319.83
19 $6,319.83 $334.53 $0.00 $35.73 $6,690.09
20 $6,690.09 $334.53 $0.00 $37.83 $7,062.45
21 $7,062.45 $334.53 $0.00 $39.93 $7,436.91
22 $7,436.91 $334.53 $0.00 $42.05 $7,813.49
23 $7,813.49 $334.53 $0.00 $44.18 $8,192.20
24 $8,192.20 $334.53 $0.00 $46.32 $8,573.05
25 $8,573.05 $334.53 $0.00 $48.47 $8,956.05
26 $8,956.05 $334.53 $0.00 $50.64 $9,341.22
27 $9,341.22 $334.53 $0.00 $52.82 $9,728.57
28 $9,728.57 $334.53 $0.00 $55.01 $10,118.11
29 $10,118.11 $334.53 $0.00 $57.21 $10,509.85
30 $10,509.85 $334.53 $0.00 $59.42 $10,903.80
31 $10,903.80 $334.53 $0.00 $61.65 $11,299.98
32 $11,299.98 $334.53 $0.00 $63.89 $11,698.40
33 $11,698.40 $334.53 $0.00 $66.14 $12,099.07
34 $12,099.07 $334.53 $0.00 $68.41 $12,502.01
35 $12,502.01 $334.53 $0.00 $70.69 $12,907.23
36 $12,907.23 $334.53 $0.00 $72.98 $13,314.74
37 $13,314.74 $334.53 $0.00 $75.28 $13,724.55
38 $13,724.55 $334.53 $0.00 $77.60 $14,136.68
39 $14,136.68 $334.53 $0.00 $79.93 $14,551.14
40 $14,551.14 $334.53 $0.00 $82.27 $14,967.94
41 $14,967.94 $334.53 $0.00 $84.63 $15,387.10
42 $15,387.10 $334.53 $0.00 $87.00 $15,808.63
43 $15,808.63 $334.53 $0.00 $89.38 $16,232.54
44 $16,232.54 $334.53 $0.00 $91.78 $16,658.85
45 $16,658.85 $334.53 $0.00 $94.19 $17,087.57
46 $17,087.57 $334.53 $0.00 $96.62 $17,518.72
47 $17,518.72 $334.53 $0.00 $99.05 $17,952.30
48 $17,952.30 $334.53 $0.00 $101.50 $18,388.33
49 $18,388.33 $334.53 $0.00 $103.97 $18,826.83
50 $18,826.83 $334.53 $0.00 $106.45 $19,267.81
51 $19,267.81 $334.53 $0.00 $108.94 $19,711.28
52 $19,711.28 $334.53 $0.00 $111.45 $20,157.26
53 $20,157.26 $334.53 $0.00 $113.97 $20,605.76
54 $20,605.76 $334.53 $0.00 $116.51 $21,056.80
55 $21,056.80 $334.53 $0.00 $119.06 $21,510.39
56 $21,510.39 $334.53 $0.00 $121.62 $21,966.54
57 $21,966.54 $334.53 $0.00 $124.20 $22,425.27
58 $22,425.27 $334.53 $0.00 $126.80 $22,886.60
59 $22,886.60 $334.53 $0.00 $129.40 $23,350.53
60 $23,350.53 $334.53 $0.00 $132.03 $23,817.09
61 $23,817.09 $334.53 $0.00 $134.67 $24,286.29
62 $24,286.29 $334.53 $0.00 $137.32 $24,758.14
63 $24,758.14 $334.53 $0.00 $139.99 $25,232.66
64 $25,232.66 $334.53 $0.00 $142.67 $25,709.86
65 $25,709.86 $334.53 $0.00 $145.37 $26,189.76
66 $26,189.76 $334.53 $0.00 $148.08 $26,672.37
67 $26,672.37 $334.53 $0.00 $150.81 $27,157.71
68 $27,157.71 $334.53 $0.00 $153.55 $27,645.79
69 $27,645.79 $334.53 $0.00 $156.31 $28,136.63
70 $28,136.63 $334.53 $0.00 $159.09 $28,630.25
71 $28,630.25 $334.53 $0.00 $161.88 $29,126.66
72 $29,126.66 $334.53 $0.00 $164.69 $29,625.88
73 $29,625.88 $334.53 $0.00 $167.51 $30,127.92
74 $30,127.92 $334.53 $0.00 $170.35 $30,632.80
75 $30,632.80 $334.53 $0.00 $173.20 $31,140.53
76 $31,140.53 $334.53 $0.00 $176.07 $31,651.13
77 $31,651.13 $334.53 $0.00 $178.96 $32,164.62
78 $32,164.62 $334.53 $0.00 $181.86 $32,681.01
79 $32,681.01 $334.53 $0.00 $184.78 $33,200.32
80 $33,200.32 $334.53 $0.00 $187.72 $33,722.57
81 $33,722.57 $334.53 $0.00 $190.67 $34,247.77
82 $34,247.77 $334.53 $0.00 $193.64 $34,775.94
83 $34,775.94 $334.53 $0.00 $196.63 $35,307.10
84 $35,307.10 $334.53 $0.00 $199.63 $35,841.26
85 $35,841.26 $334.53 $0.00 $202.65 $36,378.44
86 $36,378.44 $334.53 $0.00 $205.69 $36,918.66
87 $36,918.66 $334.53 $0.00 $208.74 $37,461.93
88 $37,461.93 $334.53 $0.00 $211.82 $38,008.28
89 $38,008.28 $334.53 $0.00 $214.90 $38,557.71
90 $38,557.71 $334.53 $0.00 $218.01 $39,110.25
91 $39,110.25 $334.53 $0.00 $221.14 $39,665.92
92 $39,665.92 $334.53 $0.00 $224.28 $40,224.73
93 $40,224.73 $334.53 $0.00 $227.44 $40,786.70
94 $40,786.70 $334.53 $0.00 $230.61 $41,351.84
95 $41,351.84 $334.53 $0.00 $233.81 $41,920.18
96 $41,920.18 $334.53 $0.00 $237.02 $42,491.73
97 $42,491.73 $334.53 $0.00 $240.25 $43,066.51
98 $43,066.51 $334.53 $0.00 $243.50 $43,644.54
99 $43,644.54 $334.53 $0.00 $246.77 $44,225.84
100 $44,225.84 $334.53 $0.00 $250.06 $44,810.43
101 $44,810.43 $334.53 $0.00 $253.36 $45,398.32
102 $45,398.32 $334.53 $0.00 $256.69 $45,989.54
103 $45,989.54 $334.53 $0.00 $260.03 $46,584.10
104 $46,584.10 $334.53 $0.00 $263.39 $47,182.02
105 $47,182.02 $334.53 $0.00 $266.77 $47,783.32
106 $47,783.32 $334.53 $0.00 $270.17 $48,388.02
107 $48,388.02 $334.53 $0.00 $273.59 $48,996.14
108 $48,996.14 $334.53 $0.00 $277.03 $49,607.70
109 $49,607.70 $334.53 $0.00 $280.49 $50,222.72
110 $50,222.72 $334.53 $0.00 $283.97 $50,841.22
111 $50,841.22 $334.53 $0.00 $287.46 $51,463.21
112 $51,463.21 $334.53 $0.00 $290.98 $52,088.72
113 $52,088.72 $334.53 $0.00 $294.52 $52,717.77
114 $52,717.77 $334.53 $0.00 $298.07 $53,350.37
115 $53,350.37 $334.53 $0.00 $301.65 $53,986.55
116 $53,986.55 $334.53 $0.00 $305.25 $54,626.33
117 $54,626.33 $334.53 $0.00 $308.87 $55,269.73
118 $55,269.73 $334.53 $0.00 $312.50 $55,916.76
119 $55,916.76 $334.53 $0.00 $316.16 $56,567.45
120 $56,567.45 $334.53 $0.00 $319.84 $57,221.82
121 $57,221.82 $334.53 $0.00 $323.54 $57,879.89
122 $57,879.89 $334.53 $0.00 $327.26 $58,541.68
123 $58,541.68 $334.53 $0.00 $331.00 $59,207.21
124 $59,207.21 $334.53 $0.00 $334.77 $59,876.51
125 $59,876.51 $334.53 $0.00 $338.55 $60,549.59
126 $60,549.59 $334.53 $0.00 $342.36 $61,226.48
127 $61,226.48 $334.53 $0.00 $346.18 $61,907.19
128 $61,907.19 $334.53 $0.00 $350.03 $62,591.75
129 $62,591.75 $334.53 $0.00 $353.90 $63,280.18
130 $63,280.18 $334.53 $0.00 $357.80 $63,972.51
131 $63,972.51 $334.53 $0.00 $361.71 $64,668.75
132 $64,668.75 $334.53 $0.00 $365.65 $65,368.93
133 $65,368.93 $334.53 $0.00 $369.61 $66,073.07
134 $66,073.07 $334.53 $0.00 $373.59 $66,781.19
135 $66,781.19 $334.53 $0.00 $377.59 $67,493.31
136 $67,493.31 $334.53 $0.00 $381.62 $68,209.46
137 $68,209.46 $334.53 $0.00 $385.67 $68,929.66
138 $68,929.66 $334.53 $0.00 $389.74 $69,653.93
139 $69,653.93 $334.53 $0.00 $393.83 $70,382.29
140 $70,382.29 $334.53 $0.00 $397.95 $71,114.77
141 $71,114.77 $334.53 $0.00 $402.09 $71,851.39
142 $71,851.39 $334.53 $0.00 $406.26 $72,592.18
143 $72,592.18 $334.53 $0.00 $410.45 $73,337.16
144 $73,337.16 $334.53 $0.00 $414.66 $74,086.35
145 $74,086.35 $334.53 $0.00 $418.89 $74,839.77
146 $74,839.77 $334.53 $0.00 $423.15 $75,597.45
147 $75,597.45 $334.53 $0.00 $427.44 $76,359.42
148 $76,359.42 $334.53 $0.00 $431.75 $77,125.70
149 $77,125.70 $334.53 $0.00 $436.08 $77,896.31
150 $77,896.31 $334.53 $0.00 $440.44 $78,671.28
151 $78,671.28 $334.53 $0.00 $444.82 $79,450.63
152 $79,450.63 $334.53 $0.00 $449.23 $80,234.39
153 $80,234.39 $334.53 $0.00 $453.66 $81,022.58
154 $81,022.58 $334.53 $0.00 $458.11 $81,815.22
155 $81,815.22 $334.53 $0.00 $462.60 $82,612.35
156 $82,612.35 $334.53 $0.00 $467.10 $83,413.98
157 $83,413.98 $334.53 $0.00 $471.63 $84,220.14
158 $84,220.14 $334.53 $0.00 $476.19 $85,030.86
159 $85,030.86 $334.53 $0.00 $480.78 $85,846.17
160 $85,846.17 $334.53 $0.00 $485.39 $86,666.09
161 $86,666.09 $334.53 $0.00 $490.02 $87,490.64
162 $87,490.64 $334.53 $0.00 $494.68 $88,319.85
163 $88,319.85 $334.53 $0.00 $499.37 $89,153.75
164 $89,153.75 $334.53 $0.00 $504.09 $89,992.37
165 $89,992.37 $334.53 $0.00 $508.83 $90,835.73
166 $90,835.73 $334.53 $0.00 $513.60 $91,683.86
167 $91,683.86 $334.53 $0.00 $518.39 $92,536.78
168 $92,536.78 $334.53 $0.00 $523.22 $93,394.53
169 $93,394.53 $334.53 $0.00 $528.07 $94,257.13
170 $94,257.13 $334.53 $0.00 $532.94 $95,124.60
171 $95,124.60 $334.53 $0.00 $537.85 $95,996.98
172 $95,996.98 $334.53 $0.00 $542.78 $96,874.29
173 $96,874.29 $334.53 $0.00 $547.74 $97,756.56
174 $97,756.56 $334.53 $0.00 $552.73 $98,643.82
175 $98,643.82 $334.53 $0.00 $557.75 $99,536.10
176 $99,536.10 $334.53 $0.00 $562.79 $100,433.42
177 $100,433.42 $334.53 $0.00 $567.87 $101,335.82
178 $101,335.82 $334.53 $0.00 $572.97 $102,243.32
179 $102,243.32 $334.53 $0.00 $578.10 $103,155.95
180 $103,155.95 $334.53 $0.00 $583.26 $104,073.74
181 $104,073.74 $334.53 $0.00 $588.45 $104,996.72
182 $104,996.72 $334.53 $0.00 $593.67 $105,924.92
183 $105,924.92 $334.53 $0.00 $598.91 $106,858.36
184 $106,858.36 $334.53 $0.00 $604.19 $107,797.08
185 $107,797.08 $334.53 $0.00 $609.50 $108,741.11
186 $108,741.11 $334.53 $0.00 $614.84 $109,690.48
187 $109,690.48 $334.53 $0.00 $620.21 $110,645.22
188 $110,645.22 $334.53 $0.00 $625.60 $111,605.35
189 $111,605.35 $334.53 $0.00 $631.03 $112,570.91
190 $112,570.91 $334.53 $0.00 $636.49 $113,541.93
191 $113,541.93 $334.53 $0.00 $641.98 $114,518.44
192 $114,518.44 $334.53 $0.00 $647.50 $115,500.47
193 $115,500.47 $334.53 $0.00 $653.06 $116,488.06
194 $116,488.06 $334.53 $0.00 $658.64 $117,481.23
195 $117,481.23 $334.53 $0.00 $664.26 $118,480.02
196 $118,480.02 $334.53 $0.00 $669.90 $119,484.45
197 $119,484.45 $334.53 $0.00 $675.58 $120,494.56
198 $120,494.56 $334.53 $0.00 $681.29 $121,510.38
199 $121,510.38 $334.53 $0.00 $687.04 $122,531.95
200 $122,531.95 $334.53 $0.00 $692.81 $123,559.29
201 $123,559.29 $334.53 $0.00 $698.62 $124,592.44
202 $124,592.44 $334.53 $0.00 $704.46 $125,631.43
203 $125,631.43 $334.53 $0.00 $710.34 $126,676.30
204 $126,676.30 $334.53 $0.00 $716.25 $127,727.08
205 $127,727.08 $334.53 $0.00 $722.19 $128,783.80
206 $128,783.80 $334.53 $0.00 $728.16 $129,846.49
207 $129,846.49 $334.53 $0.00 $734.17 $130,915.19
208 $130,915.19 $334.53 $0.00 $740.21 $131,989.93
209 $131,989.93 $334.53 $0.00 $746.29 $133,070.75
210 $133,070.75 $334.53 $0.00 $752.40 $134,157.68
211 $134,157.68 $334.53 $0.00 $758.55 $135,250.76
212 $135,250.76 $334.53 $0.00 $764.73 $136,350.02
213 $136,350.02 $334.53 $0.00 $770.94 $137,455.49
214 $137,455.49 $334.53 $0.00 $777.19 $138,567.21
215 $138,567.21 $334.53 $0.00 $783.48 $139,685.22
216 $139,685.22 $334.53 $0.00 $789.80 $140,809.55
217 $140,809.55 $334.53 $72,749.66 $796.16 $69,190.58
218 $69,190.58 $334.53 $0.00 $391.21 $69,916.32
219 $69,916.32 $334.53 $0.00 $395.32 $70,646.17
220 $70,646.17 $334.53 $0.00 $399.44 $71,380.14
221 $71,380.14 $334.53 $0.00 $403.59 $72,118.26
222 $72,118.26 $334.53 $0.00 $407.77 $72,860.56
223 $72,860.56 $334.53 $0.00 $411.96 $73,607.05
224 $73,607.05 $334.53 $0.00 $416.18 $74,357.76
225 $74,357.76 $334.53 $0.00 $420.43 $75,112.72
226 $75,112.72 $334.53 $0.00 $424.70 $75,871.95
227 $75,871.95 $334.53 $0.00 $428.99 $76,635.47
228 $76,635.47 $334.53 $0.00 $433.31 $77,403.31
229 $77,403.31 $0.00 $77,842.14 $437.65 -$1.18