Savings Plan and Future Cost Estimation for Goddard College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$72,750
Monthly savings required$576

How much will it cost to send your child to Goddard College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $290,999.37 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $575.88 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$28,054.00
Years until enrollment18
Annual Tuition Increase5%
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 $575.88 $0.00 $0.00 $575.88
2 $575.88 $575.88 $0.00 $3.26 $1,155.02
3 $1,155.02 $575.88 $0.00 $6.53 $1,737.43
4 $1,737.43 $575.88 $0.00 $9.82 $2,323.13
5 $2,323.13 $575.88 $0.00 $13.14 $2,912.15
6 $2,912.15 $575.88 $0.00 $16.47 $3,504.50
7 $3,504.50 $575.88 $0.00 $19.81 $4,100.19
8 $4,100.19 $575.88 $0.00 $23.18 $4,699.25
9 $4,699.25 $575.88 $0.00 $26.57 $5,301.70
10 $5,301.70 $575.88 $0.00 $29.98 $5,907.56
11 $5,907.56 $575.88 $0.00 $33.40 $6,516.84
12 $6,516.84 $575.88 $0.00 $36.85 $7,129.57
13 $7,129.57 $575.88 $0.00 $40.31 $7,745.76
14 $7,745.76 $575.88 $0.00 $43.80 $8,365.44
15 $8,365.44 $575.88 $0.00 $47.30 $8,988.62
16 $8,988.62 $575.88 $0.00 $50.82 $9,615.32
17 $9,615.32 $575.88 $0.00 $54.37 $10,245.57
18 $10,245.57 $575.88 $0.00 $57.93 $10,879.38
19 $10,879.38 $575.88 $0.00 $61.51 $11,516.77
20 $11,516.77 $575.88 $0.00 $65.12 $12,157.77
21 $12,157.77 $575.88 $0.00 $68.74 $12,802.39
22 $12,802.39 $575.88 $0.00 $72.39 $13,450.66
23 $13,450.66 $575.88 $0.00 $76.05 $14,102.59
24 $14,102.59 $575.88 $0.00 $79.74 $14,758.21
25 $14,758.21 $575.88 $0.00 $83.45 $15,417.54
26 $15,417.54 $575.88 $0.00 $87.17 $16,080.59
27 $16,080.59 $575.88 $0.00 $90.92 $16,747.39
28 $16,747.39 $575.88 $0.00 $94.69 $17,417.96
29 $17,417.96 $575.88 $0.00 $98.48 $18,092.32
30 $18,092.32 $575.88 $0.00 $102.30 $18,770.50
31 $18,770.50 $575.88 $0.00 $106.13 $19,452.51
32 $19,452.51 $575.88 $0.00 $109.99 $20,138.38
33 $20,138.38 $575.88 $0.00 $113.87 $20,828.13
34 $20,828.13 $575.88 $0.00 $117.77 $21,521.78
35 $21,521.78 $575.88 $0.00 $121.69 $22,219.35
36 $22,219.35 $575.88 $0.00 $125.63 $22,920.86
37 $22,920.86 $575.88 $0.00 $129.60 $23,626.34
38 $23,626.34 $575.88 $0.00 $133.59 $24,335.81
39 $24,335.81 $575.88 $0.00 $137.60 $25,049.29
40 $25,049.29 $575.88 $0.00 $141.63 $25,766.80
41 $25,766.80 $575.88 $0.00 $145.69 $26,488.37
42 $26,488.37 $575.88 $0.00 $149.77 $27,214.02
43 $27,214.02 $575.88 $0.00 $153.87 $27,943.77
44 $27,943.77 $575.88 $0.00 $158.00 $28,677.65
45 $28,677.65 $575.88 $0.00 $162.15 $29,415.68
46 $29,415.68 $575.88 $0.00 $166.32 $30,157.88
47 $30,157.88 $575.88 $0.00 $170.52 $30,904.28
48 $30,904.28 $575.88 $0.00 $174.74 $31,654.90
49 $31,654.90 $575.88 $0.00 $178.98 $32,409.76
50 $32,409.76 $575.88 $0.00 $183.25 $33,168.89
51 $33,168.89 $575.88 $0.00 $187.54 $33,932.31
52 $33,932.31 $575.88 $0.00 $191.86 $34,700.05
53 $34,700.05 $575.88 $0.00 $196.20 $35,472.13
54 $35,472.13 $575.88 $0.00 $200.56 $36,248.57
55 $36,248.57 $575.88 $0.00 $204.95 $37,029.40
56 $37,029.40 $575.88 $0.00 $209.37 $37,814.65
57 $37,814.65 $575.88 $0.00 $213.81 $38,604.34
58 $38,604.34 $575.88 $0.00 $218.27 $39,398.49
59 $39,398.49 $575.88 $0.00 $222.76 $40,197.13
60 $40,197.13 $575.88 $0.00 $227.28 $41,000.29
61 $41,000.29 $575.88 $0.00 $231.82 $41,807.99
62 $41,807.99 $575.88 $0.00 $236.39 $42,620.26
63 $42,620.26 $575.88 $0.00 $240.98 $43,437.12
64 $43,437.12 $575.88 $0.00 $245.60 $44,258.60
65 $44,258.60 $575.88 $0.00 $250.24 $45,084.72
66 $45,084.72 $575.88 $0.00 $254.92 $45,915.52
67 $45,915.52 $575.88 $0.00 $259.61 $46,751.01
68 $46,751.01 $575.88 $0.00 $264.34 $47,591.23
69 $47,591.23 $575.88 $0.00 $269.09 $48,436.20
70 $48,436.20 $575.88 $0.00 $273.87 $49,285.95
71 $49,285.95 $575.88 $0.00 $278.67 $50,140.50
72 $50,140.50 $575.88 $0.00 $283.50 $50,999.88
73 $50,999.88 $575.88 $0.00 $288.36 $51,864.12
74 $51,864.12 $575.88 $0.00 $293.25 $52,733.25
75 $52,733.25 $575.88 $0.00 $298.16 $53,607.29
76 $53,607.29 $575.88 $0.00 $303.10 $54,486.27
77 $54,486.27 $575.88 $0.00 $308.07 $55,370.22
78 $55,370.22 $575.88 $0.00 $313.07 $56,259.17
79 $56,259.17 $575.88 $0.00 $318.10 $57,153.15
80 $57,153.15 $575.88 $0.00 $323.15 $58,052.18
81 $58,052.18 $575.88 $0.00 $328.24 $58,956.30
82 $58,956.30 $575.88 $0.00 $333.35 $59,865.53
83 $59,865.53 $575.88 $0.00 $338.49 $60,779.90
84 $60,779.90 $575.88 $0.00 $343.66 $61,699.44
85 $61,699.44 $575.88 $0.00 $348.86 $62,624.18
86 $62,624.18 $575.88 $0.00 $354.09 $63,554.15
87 $63,554.15 $575.88 $0.00 $359.34 $64,489.37
88 $64,489.37 $575.88 $0.00 $364.63 $65,429.88
89 $65,429.88 $575.88 $0.00 $369.95 $66,375.71
90 $66,375.71 $575.88 $0.00 $375.30 $67,326.89
91 $67,326.89 $575.88 $0.00 $380.68 $68,283.45
92 $68,283.45 $575.88 $0.00 $386.08 $69,245.41
93 $69,245.41 $575.88 $0.00 $391.52 $70,212.81
94 $70,212.81 $575.88 $0.00 $396.99 $71,185.68
95 $71,185.68 $575.88 $0.00 $402.49 $72,164.05
96 $72,164.05 $575.88 $0.00 $408.03 $73,147.96
97 $73,147.96 $575.88 $0.00 $413.59 $74,137.43
98 $74,137.43 $575.88 $0.00 $419.18 $75,132.49
99 $75,132.49 $575.88 $0.00 $424.81 $76,133.18
100 $76,133.18 $575.88 $0.00 $430.47 $77,139.53
101 $77,139.53 $575.88 $0.00 $436.16 $78,151.57
102 $78,151.57 $575.88 $0.00 $441.88 $79,169.33
103 $79,169.33 $575.88 $0.00 $447.63 $80,192.84
104 $80,192.84 $575.88 $0.00 $453.42 $81,222.14
105 $81,222.14 $575.88 $0.00 $459.24 $82,257.26
106 $82,257.26 $575.88 $0.00 $465.09 $83,298.23
107 $83,298.23 $575.88 $0.00 $470.98 $84,345.09
108 $84,345.09 $575.88 $0.00 $476.90 $85,397.87
109 $85,397.87 $575.88 $0.00 $482.85 $86,456.60
110 $86,456.60 $575.88 $0.00 $488.84 $87,521.32
111 $87,521.32 $575.88 $0.00 $494.86 $88,592.06
112 $88,592.06 $575.88 $0.00 $500.91 $89,668.85
113 $89,668.85 $575.88 $0.00 $507.00 $90,751.73
114 $90,751.73 $575.88 $0.00 $513.12 $91,840.73
115 $91,840.73 $575.88 $0.00 $519.28 $92,935.89
116 $92,935.89 $575.88 $0.00 $525.47 $94,037.24
117 $94,037.24 $575.88 $0.00 $531.70 $95,144.82
118 $95,144.82 $575.88 $0.00 $537.96 $96,258.66
119 $96,258.66 $575.88 $0.00 $544.26 $97,378.80
120 $97,378.80 $575.88 $0.00 $550.59 $98,505.27
121 $98,505.27 $575.88 $0.00 $556.96 $99,638.11
122 $99,638.11 $575.88 $0.00 $563.37 $100,777.36
123 $100,777.36 $575.88 $0.00 $569.81 $101,923.05
124 $101,923.05 $575.88 $0.00 $576.29 $103,075.22
125 $103,075.22 $575.88 $0.00 $582.80 $104,233.90
126 $104,233.90 $575.88 $0.00 $589.35 $105,399.13
127 $105,399.13 $575.88 $0.00 $595.94 $106,570.95
128 $106,570.95 $575.88 $0.00 $602.57 $107,749.40
129 $107,749.40 $575.88 $0.00 $609.23 $108,934.51
130 $108,934.51 $575.88 $0.00 $615.93 $110,126.32
131 $110,126.32 $575.88 $0.00 $622.67 $111,324.87
132 $111,324.87 $575.88 $0.00 $629.45 $112,530.20
133 $112,530.20 $575.88 $0.00 $636.26 $113,742.34
134 $113,742.34 $575.88 $0.00 $643.12 $114,961.34
135 $114,961.34 $575.88 $0.00 $650.01 $116,187.23
136 $116,187.23 $575.88 $0.00 $656.94 $117,420.05
137 $117,420.05 $575.88 $0.00 $663.91 $118,659.84
138 $118,659.84 $575.88 $0.00 $670.92 $119,906.64
139 $119,906.64 $575.88 $0.00 $677.97 $121,160.49
140 $121,160.49 $575.88 $0.00 $685.06 $122,421.43
141 $122,421.43 $575.88 $0.00 $692.19 $123,689.50
142 $123,689.50 $575.88 $0.00 $699.36 $124,964.74
143 $124,964.74 $575.88 $0.00 $706.57 $126,247.19
144 $126,247.19 $575.88 $0.00 $713.82 $127,536.89
145 $127,536.89 $575.88 $0.00 $721.11 $128,833.88
146 $128,833.88 $575.88 $0.00 $728.45 $130,138.21
147 $130,138.21 $575.88 $0.00 $735.82 $131,449.91
148 $131,449.91 $575.88 $0.00 $743.24 $132,769.03
149 $132,769.03 $575.88 $0.00 $750.70 $134,095.61
150 $134,095.61 $575.88 $0.00 $758.20 $135,429.69
151 $135,429.69 $575.88 $0.00 $765.74 $136,771.31
152 $136,771.31 $575.88 $0.00 $773.32 $138,120.51
153 $138,120.51 $575.88 $0.00 $780.95 $139,477.34
154 $139,477.34 $575.88 $0.00 $788.63 $140,841.85
155 $140,841.85 $575.88 $0.00 $796.34 $142,214.07
156 $142,214.07 $575.88 $0.00 $804.10 $143,594.05
157 $143,594.05 $575.88 $0.00 $811.90 $144,981.83
158 $144,981.83 $575.88 $0.00 $819.75 $146,377.46
159 $146,377.46 $575.88 $0.00 $827.64 $147,780.98
160 $147,780.98 $575.88 $0.00 $835.58 $149,192.44
161 $149,192.44 $575.88 $0.00 $843.56 $150,611.88
162 $150,611.88 $575.88 $0.00 $851.58 $152,039.34
163 $152,039.34 $575.88 $0.00 $859.65 $153,474.87
164 $153,474.87 $575.88 $0.00 $867.77 $154,918.52
165 $154,918.52 $575.88 $0.00 $875.93 $156,370.33
166 $156,370.33 $575.88 $0.00 $884.14 $157,830.35
167 $157,830.35 $575.88 $0.00 $892.40 $159,298.63
168 $159,298.63 $575.88 $0.00 $900.70 $160,775.21
169 $160,775.21 $575.88 $0.00 $909.05 $162,260.14
170 $162,260.14 $575.88 $0.00 $917.44 $163,753.46
171 $163,753.46 $575.88 $0.00 $925.89 $165,255.23
172 $165,255.23 $575.88 $0.00 $934.38 $166,765.49
173 $166,765.49 $575.88 $0.00 $942.92 $168,284.29
174 $168,284.29 $575.88 $0.00 $951.50 $169,811.67
175 $169,811.67 $575.88 $0.00 $960.14 $171,347.69
176 $171,347.69 $575.88 $0.00 $968.82 $172,892.39
177 $172,892.39 $575.88 $0.00 $977.56 $174,445.83
178 $174,445.83 $575.88 $0.00 $986.34 $176,008.05
179 $176,008.05 $575.88 $0.00 $995.18 $177,579.11
180 $177,579.11 $575.88 $0.00 $1,004.06 $179,159.05
181 $179,159.05 $575.88 $0.00 $1,012.99 $180,747.92
182 $180,747.92 $575.88 $0.00 $1,021.98 $182,345.78
183 $182,345.78 $575.88 $0.00 $1,031.01 $183,952.67
184 $183,952.67 $575.88 $0.00 $1,040.10 $185,568.65
185 $185,568.65 $575.88 $0.00 $1,049.23 $187,193.76
186 $187,193.76 $575.88 $0.00 $1,058.42 $188,828.06
187 $188,828.06 $575.88 $0.00 $1,067.66 $190,471.60
188 $190,471.60 $575.88 $0.00 $1,076.95 $192,124.43
189 $192,124.43 $575.88 $0.00 $1,086.30 $193,786.61
190 $193,786.61 $575.88 $0.00 $1,095.70 $195,458.19
191 $195,458.19 $575.88 $0.00 $1,105.15 $197,139.22
192 $197,139.22 $575.88 $0.00 $1,114.65 $198,829.75
193 $198,829.75 $575.88 $0.00 $1,124.21 $200,529.84
194 $200,529.84 $575.88 $0.00 $1,133.82 $202,239.54
195 $202,239.54 $575.88 $0.00 $1,143.49 $203,958.91
196 $203,958.91 $575.88 $0.00 $1,153.21 $205,688.00
197 $205,688.00 $575.88 $0.00 $1,162.99 $207,426.87
198 $207,426.87 $575.88 $0.00 $1,172.82 $209,175.57
199 $209,175.57 $575.88 $0.00 $1,182.71 $210,934.16
200 $210,934.16 $575.88 $0.00 $1,192.65 $212,702.69
201 $212,702.69 $575.88 $0.00 $1,202.65 $214,481.22
202 $214,481.22 $575.88 $0.00 $1,212.71 $216,269.81
203 $216,269.81 $575.88 $0.00 $1,222.82 $218,068.51
204 $218,068.51 $575.88 $0.00 $1,232.99 $219,877.38
205 $219,877.38 $575.88 $0.00 $1,243.22 $221,696.48
206 $221,696.48 $575.88 $0.00 $1,253.50 $223,525.86
207 $223,525.86 $575.88 $0.00 $1,263.85 $225,365.59
208 $225,365.59 $575.88 $0.00 $1,274.25 $227,215.72
209 $227,215.72 $575.88 $0.00 $1,284.71 $229,076.31
210 $229,076.31 $575.88 $0.00 $1,295.23 $230,947.42
211 $230,947.42 $575.88 $0.00 $1,305.81 $232,829.11
212 $232,829.11 $575.88 $0.00 $1,316.45 $234,721.44
213 $234,721.44 $575.88 $0.00 $1,327.15 $236,624.47
214 $236,624.47 $575.88 $0.00 $1,337.91 $238,538.26
215 $238,538.26 $575.88 $0.00 $1,348.73 $240,462.87
216 $240,462.87 $575.88 $0.00 $1,359.61 $242,398.36
217 $242,398.36 $575.88 $67,515.30 $1,370.56 $176,829.50
218 $176,829.50 $575.88 $0.00 $999.82 $178,405.20
219 $178,405.20 $575.88 $0.00 $1,008.73 $179,989.81
220 $179,989.81 $575.88 $0.00 $1,017.69 $181,583.38
221 $181,583.38 $575.88 $0.00 $1,026.70 $183,185.96
222 $183,185.96 $575.88 $0.00 $1,035.76 $184,797.60
223 $184,797.60 $575.88 $0.00 $1,044.87 $186,418.35
224 $186,418.35 $575.88 $0.00 $1,054.04 $188,048.27
225 $188,048.27 $575.88 $0.00 $1,063.25 $189,687.40
226 $189,687.40 $575.88 $0.00 $1,072.52 $191,335.80
227 $191,335.80 $575.88 $0.00 $1,081.84 $192,993.52
228 $192,993.52 $575.88 $0.00 $1,091.21 $194,660.61
229 $194,660.61 $575.88 $70,891.06 $1,100.64 $125,446.07
230 $125,446.07 $575.88 $0.00 $709.29 $126,731.24
231 $126,731.24 $575.88 $0.00 $716.56 $128,023.68
232 $128,023.68 $575.88 $0.00 $723.86 $129,323.42
233 $129,323.42 $575.88 $0.00 $731.21 $130,630.51
234 $130,630.51 $575.88 $0.00 $738.60 $131,944.99
235 $131,944.99 $575.88 $0.00 $746.04 $133,266.91
236 $133,266.91 $575.88 $0.00 $753.51 $134,596.30
237 $134,596.30 $575.88 $0.00 $761.03 $135,933.21
238 $135,933.21 $575.88 $0.00 $768.59 $137,277.68
239 $137,277.68 $575.88 $0.00 $776.19 $138,629.75
240 $138,629.75 $575.88 $0.00 $783.83 $139,989.46
241 $139,989.46 $575.88 $74,435.61 $791.52 $66,921.25
242 $66,921.25 $575.88 $0.00 $378.38 $67,875.51
243 $67,875.51 $575.88 $0.00 $383.78 $68,835.17
244 $68,835.17 $575.88 $0.00 $389.20 $69,800.25
245 $69,800.25 $575.88 $0.00 $394.66 $70,770.79
246 $70,770.79 $575.88 $0.00 $400.15 $71,746.82
247 $71,746.82 $575.88 $0.00 $405.67 $72,728.37
248 $72,728.37 $575.88 $0.00 $411.22 $73,715.47
249 $73,715.47 $575.88 $0.00 $416.80 $74,708.15
250 $74,708.15 $575.88 $0.00 $422.41 $75,706.44
251 $75,706.44 $575.88 $0.00 $428.06 $76,710.38
252 $76,710.38 $575.88 $0.00 $433.73 $77,719.99
253 $77,719.99 $0.00 $78,157.39 $439.44 $2.04