Savings Plan and Future Cost Estimation for Green Mountain College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$126,554
Monthly savings required$1,002

How much will it cost to send your child to Green Mountain College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $506,214.84 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,001.78 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$48,802.00
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 $1,001.78 $0.00 $0.00 $1,001.78
2 $1,001.78 $1,001.78 $0.00 $5.66 $2,009.22
3 $2,009.22 $1,001.78 $0.00 $11.36 $3,022.36
4 $3,022.36 $1,001.78 $0.00 $17.09 $4,041.23
5 $4,041.23 $1,001.78 $0.00 $22.85 $5,065.86
6 $5,065.86 $1,001.78 $0.00 $28.64 $6,096.28
7 $6,096.28 $1,001.78 $0.00 $34.47 $7,132.53
8 $7,132.53 $1,001.78 $0.00 $40.33 $8,174.64
9 $8,174.64 $1,001.78 $0.00 $46.22 $9,222.64
10 $9,222.64 $1,001.78 $0.00 $52.15 $10,276.57
11 $10,276.57 $1,001.78 $0.00 $58.11 $11,336.46
12 $11,336.46 $1,001.78 $0.00 $64.10 $12,402.34
13 $12,402.34 $1,001.78 $0.00 $70.12 $13,474.24
14 $13,474.24 $1,001.78 $0.00 $76.19 $14,552.21
15 $14,552.21 $1,001.78 $0.00 $82.28 $15,636.27
16 $15,636.27 $1,001.78 $0.00 $88.41 $16,726.46
17 $16,726.46 $1,001.78 $0.00 $94.57 $17,822.81
18 $17,822.81 $1,001.78 $0.00 $100.77 $18,925.36
19 $18,925.36 $1,001.78 $0.00 $107.01 $20,034.15
20 $20,034.15 $1,001.78 $0.00 $113.28 $21,149.21
21 $21,149.21 $1,001.78 $0.00 $119.58 $22,270.57
22 $22,270.57 $1,001.78 $0.00 $125.92 $23,398.27
23 $23,398.27 $1,001.78 $0.00 $132.30 $24,532.35
24 $24,532.35 $1,001.78 $0.00 $138.71 $25,672.84
25 $25,672.84 $1,001.78 $0.00 $145.16 $26,819.78
26 $26,819.78 $1,001.78 $0.00 $151.64 $27,973.20
27 $27,973.20 $1,001.78 $0.00 $158.16 $29,133.14
28 $29,133.14 $1,001.78 $0.00 $164.72 $30,299.64
29 $30,299.64 $1,001.78 $0.00 $171.32 $31,472.74
30 $31,472.74 $1,001.78 $0.00 $177.95 $32,652.47
31 $32,652.47 $1,001.78 $0.00 $184.62 $33,838.87
32 $33,838.87 $1,001.78 $0.00 $191.33 $35,031.98
33 $35,031.98 $1,001.78 $0.00 $198.08 $36,231.84
34 $36,231.84 $1,001.78 $0.00 $204.86 $37,438.48
35 $37,438.48 $1,001.78 $0.00 $211.68 $38,651.94
36 $38,651.94 $1,001.78 $0.00 $218.54 $39,872.26
37 $39,872.26 $1,001.78 $0.00 $225.44 $41,099.48
38 $41,099.48 $1,001.78 $0.00 $232.38 $42,333.64
39 $42,333.64 $1,001.78 $0.00 $239.36 $43,574.78
40 $43,574.78 $1,001.78 $0.00 $246.38 $44,822.94
41 $44,822.94 $1,001.78 $0.00 $253.44 $46,078.16
42 $46,078.16 $1,001.78 $0.00 $260.53 $47,340.47
43 $47,340.47 $1,001.78 $0.00 $267.67 $48,609.92
44 $48,609.92 $1,001.78 $0.00 $274.85 $49,886.55
45 $49,886.55 $1,001.78 $0.00 $282.07 $51,170.40
46 $51,170.40 $1,001.78 $0.00 $289.32 $52,461.50
47 $52,461.50 $1,001.78 $0.00 $296.62 $53,759.90
48 $53,759.90 $1,001.78 $0.00 $303.97 $55,065.65
49 $55,065.65 $1,001.78 $0.00 $311.35 $56,378.78
50 $56,378.78 $1,001.78 $0.00 $318.77 $57,699.33
51 $57,699.33 $1,001.78 $0.00 $326.24 $59,027.35
52 $59,027.35 $1,001.78 $0.00 $333.75 $60,362.88
53 $60,362.88 $1,001.78 $0.00 $341.30 $61,705.96
54 $61,705.96 $1,001.78 $0.00 $348.89 $63,056.63
55 $63,056.63 $1,001.78 $0.00 $356.53 $64,414.94
56 $64,414.94 $1,001.78 $0.00 $364.21 $65,780.93
57 $65,780.93 $1,001.78 $0.00 $371.93 $67,154.64
58 $67,154.64 $1,001.78 $0.00 $379.70 $68,536.12
59 $68,536.12 $1,001.78 $0.00 $387.51 $69,925.41
60 $69,925.41 $1,001.78 $0.00 $395.37 $71,322.56
61 $71,322.56 $1,001.78 $0.00 $403.27 $72,727.61
62 $72,727.61 $1,001.78 $0.00 $411.21 $74,140.60
63 $74,140.60 $1,001.78 $0.00 $419.20 $75,561.58
64 $75,561.58 $1,001.78 $0.00 $427.24 $76,990.60
65 $76,990.60 $1,001.78 $0.00 $435.32 $78,427.70
66 $78,427.70 $1,001.78 $0.00 $443.44 $79,872.92
67 $79,872.92 $1,001.78 $0.00 $451.61 $81,326.31
68 $81,326.31 $1,001.78 $0.00 $459.83 $82,787.92
69 $82,787.92 $1,001.78 $0.00 $468.09 $84,257.79
70 $84,257.79 $1,001.78 $0.00 $476.41 $85,735.98
71 $85,735.98 $1,001.78 $0.00 $484.76 $87,222.52
72 $87,222.52 $1,001.78 $0.00 $493.17 $88,717.47
73 $88,717.47 $1,001.78 $0.00 $501.62 $90,220.87
74 $90,220.87 $1,001.78 $0.00 $510.12 $91,732.77
75 $91,732.77 $1,001.78 $0.00 $518.67 $93,253.22
76 $93,253.22 $1,001.78 $0.00 $527.27 $94,782.27
77 $94,782.27 $1,001.78 $0.00 $535.91 $96,319.96
78 $96,319.96 $1,001.78 $0.00 $544.61 $97,866.35
79 $97,866.35 $1,001.78 $0.00 $553.35 $99,421.48
80 $99,421.48 $1,001.78 $0.00 $562.14 $100,985.40
81 $100,985.40 $1,001.78 $0.00 $570.99 $102,558.17
82 $102,558.17 $1,001.78 $0.00 $579.88 $104,139.83
83 $104,139.83 $1,001.78 $0.00 $588.82 $105,730.43
84 $105,730.43 $1,001.78 $0.00 $597.82 $107,330.03
85 $107,330.03 $1,001.78 $0.00 $606.86 $108,938.67
86 $108,938.67 $1,001.78 $0.00 $615.96 $110,556.41
87 $110,556.41 $1,001.78 $0.00 $625.10 $112,183.29
88 $112,183.29 $1,001.78 $0.00 $634.30 $113,819.37
89 $113,819.37 $1,001.78 $0.00 $643.55 $115,464.70
90 $115,464.70 $1,001.78 $0.00 $652.85 $117,119.33
91 $117,119.33 $1,001.78 $0.00 $662.21 $118,783.32
92 $118,783.32 $1,001.78 $0.00 $671.62 $120,456.72
93 $120,456.72 $1,001.78 $0.00 $681.08 $122,139.58
94 $122,139.58 $1,001.78 $0.00 $690.59 $123,831.95
95 $123,831.95 $1,001.78 $0.00 $700.16 $125,533.89
96 $125,533.89 $1,001.78 $0.00 $709.79 $127,245.46
97 $127,245.46 $1,001.78 $0.00 $719.46 $128,966.70
98 $128,966.70 $1,001.78 $0.00 $729.20 $130,697.68
99 $130,697.68 $1,001.78 $0.00 $738.98 $132,438.44
100 $132,438.44 $1,001.78 $0.00 $748.83 $134,189.05
101 $134,189.05 $1,001.78 $0.00 $758.72 $135,949.55
102 $135,949.55 $1,001.78 $0.00 $768.68 $137,720.01
103 $137,720.01 $1,001.78 $0.00 $778.69 $139,500.48
104 $139,500.48 $1,001.78 $0.00 $788.76 $141,291.02
105 $141,291.02 $1,001.78 $0.00 $798.88 $143,091.68
106 $143,091.68 $1,001.78 $0.00 $809.06 $144,902.52
107 $144,902.52 $1,001.78 $0.00 $819.30 $146,723.60
108 $146,723.60 $1,001.78 $0.00 $829.60 $148,554.98
109 $148,554.98 $1,001.78 $0.00 $839.95 $150,396.71
110 $150,396.71 $1,001.78 $0.00 $850.36 $152,248.85
111 $152,248.85 $1,001.78 $0.00 $860.84 $154,111.47
112 $154,111.47 $1,001.78 $0.00 $871.37 $155,984.62
113 $155,984.62 $1,001.78 $0.00 $881.96 $157,868.36
114 $157,868.36 $1,001.78 $0.00 $892.61 $159,762.75
115 $159,762.75 $1,001.78 $0.00 $903.32 $161,667.85
116 $161,667.85 $1,001.78 $0.00 $914.09 $163,583.72
117 $163,583.72 $1,001.78 $0.00 $924.93 $165,510.43
118 $165,510.43 $1,001.78 $0.00 $935.82 $167,448.03
119 $167,448.03 $1,001.78 $0.00 $946.78 $169,396.59
120 $169,396.59 $1,001.78 $0.00 $957.79 $171,356.16
121 $171,356.16 $1,001.78 $0.00 $968.87 $173,326.81
122 $173,326.81 $1,001.78 $0.00 $980.01 $175,308.60
123 $175,308.60 $1,001.78 $0.00 $991.22 $177,301.60
124 $177,301.60 $1,001.78 $0.00 $1,002.49 $179,305.87
125 $179,305.87 $1,001.78 $0.00 $1,013.82 $181,321.47
126 $181,321.47 $1,001.78 $0.00 $1,025.22 $183,348.47
127 $183,348.47 $1,001.78 $0.00 $1,036.68 $185,386.93
128 $185,386.93 $1,001.78 $0.00 $1,048.20 $187,436.91
129 $187,436.91 $1,001.78 $0.00 $1,059.80 $189,498.49
130 $189,498.49 $1,001.78 $0.00 $1,071.45 $191,571.72
131 $191,571.72 $1,001.78 $0.00 $1,083.17 $193,656.67
132 $193,656.67 $1,001.78 $0.00 $1,094.96 $195,753.41
133 $195,753.41 $1,001.78 $0.00 $1,106.82 $197,862.01
134 $197,862.01 $1,001.78 $0.00 $1,118.74 $199,982.53
135 $199,982.53 $1,001.78 $0.00 $1,130.73 $202,115.04
136 $202,115.04 $1,001.78 $0.00 $1,142.79 $204,259.61
137 $204,259.61 $1,001.78 $0.00 $1,154.91 $206,416.30
138 $206,416.30 $1,001.78 $0.00 $1,167.11 $208,585.19
139 $208,585.19 $1,001.78 $0.00 $1,179.37 $210,766.34
140 $210,766.34 $1,001.78 $0.00 $1,191.70 $212,959.82
141 $212,959.82 $1,001.78 $0.00 $1,204.11 $215,165.71
142 $215,165.71 $1,001.78 $0.00 $1,216.58 $217,384.07
143 $217,384.07 $1,001.78 $0.00 $1,229.12 $219,614.97
144 $219,614.97 $1,001.78 $0.00 $1,241.73 $221,858.48
145 $221,858.48 $1,001.78 $0.00 $1,254.42 $224,114.68
146 $224,114.68 $1,001.78 $0.00 $1,267.18 $226,383.64
147 $226,383.64 $1,001.78 $0.00 $1,280.01 $228,665.43
148 $228,665.43 $1,001.78 $0.00 $1,292.91 $230,960.12
149 $230,960.12 $1,001.78 $0.00 $1,305.88 $233,267.78
150 $233,267.78 $1,001.78 $0.00 $1,318.93 $235,588.49
151 $235,588.49 $1,001.78 $0.00 $1,332.05 $237,922.32
152 $237,922.32 $1,001.78 $0.00 $1,345.25 $240,269.35
153 $240,269.35 $1,001.78 $0.00 $1,358.52 $242,629.65
154 $242,629.65 $1,001.78 $0.00 $1,371.86 $245,003.29
155 $245,003.29 $1,001.78 $0.00 $1,385.28 $247,390.35
156 $247,390.35 $1,001.78 $0.00 $1,398.78 $249,790.91
157 $249,790.91 $1,001.78 $0.00 $1,412.35 $252,205.04
158 $252,205.04 $1,001.78 $0.00 $1,426.00 $254,632.82
159 $254,632.82 $1,001.78 $0.00 $1,439.73 $257,074.33
160 $257,074.33 $1,001.78 $0.00 $1,453.54 $259,529.65
161 $259,529.65 $1,001.78 $0.00 $1,467.42 $261,998.85
162 $261,998.85 $1,001.78 $0.00 $1,481.38 $264,482.01
163 $264,482.01 $1,001.78 $0.00 $1,495.42 $266,979.21
164 $266,979.21 $1,001.78 $0.00 $1,509.54 $269,490.53
165 $269,490.53 $1,001.78 $0.00 $1,523.74 $272,016.05
166 $272,016.05 $1,001.78 $0.00 $1,538.02 $274,555.85
167 $274,555.85 $1,001.78 $0.00 $1,552.38 $277,110.01
168 $277,110.01 $1,001.78 $0.00 $1,566.82 $279,678.61
169 $279,678.61 $1,001.78 $0.00 $1,581.34 $282,261.73
170 $282,261.73 $1,001.78 $0.00 $1,595.95 $284,859.46
171 $284,859.46 $1,001.78 $0.00 $1,610.64 $287,471.88
172 $287,471.88 $1,001.78 $0.00 $1,625.41 $290,099.07
173 $290,099.07 $1,001.78 $0.00 $1,640.26 $292,741.11
174 $292,741.11 $1,001.78 $0.00 $1,655.20 $295,398.09
175 $295,398.09 $1,001.78 $0.00 $1,670.22 $298,070.09
176 $298,070.09 $1,001.78 $0.00 $1,685.33 $300,757.20
177 $300,757.20 $1,001.78 $0.00 $1,700.52 $303,459.50
178 $303,459.50 $1,001.78 $0.00 $1,715.80 $306,177.08
179 $306,177.08 $1,001.78 $0.00 $1,731.17 $308,910.03
180 $308,910.03 $1,001.78 $0.00 $1,746.62 $311,658.43
181 $311,658.43 $1,001.78 $0.00 $1,762.16 $314,422.37
182 $314,422.37 $1,001.78 $0.00 $1,777.79 $317,201.94
183 $317,201.94 $1,001.78 $0.00 $1,793.51 $319,997.23
184 $319,997.23 $1,001.78 $0.00 $1,809.31 $322,808.32
185 $322,808.32 $1,001.78 $0.00 $1,825.21 $325,635.31
186 $325,635.31 $1,001.78 $0.00 $1,841.19 $328,478.28
187 $328,478.28 $1,001.78 $0.00 $1,857.26 $331,337.32
188 $331,337.32 $1,001.78 $0.00 $1,873.43 $334,212.53
189 $334,212.53 $1,001.78 $0.00 $1,889.69 $337,104.00
190 $337,104.00 $1,001.78 $0.00 $1,906.04 $340,011.82
191 $340,011.82 $1,001.78 $0.00 $1,922.48 $342,936.08
192 $342,936.08 $1,001.78 $0.00 $1,939.01 $345,876.87
193 $345,876.87 $1,001.78 $0.00 $1,955.64 $348,834.29
194 $348,834.29 $1,001.78 $0.00 $1,972.36 $351,808.43
195 $351,808.43 $1,001.78 $0.00 $1,989.18 $354,799.39
196 $354,799.39 $1,001.78 $0.00 $2,006.09 $357,807.26
197 $357,807.26 $1,001.78 $0.00 $2,023.09 $360,832.13
198 $360,832.13 $1,001.78 $0.00 $2,040.20 $363,874.11
199 $363,874.11 $1,001.78 $0.00 $2,057.40 $366,933.29
200 $366,933.29 $1,001.78 $0.00 $2,074.69 $370,009.76
201 $370,009.76 $1,001.78 $0.00 $2,092.09 $373,103.63
202 $373,103.63 $1,001.78 $0.00 $2,109.58 $376,214.99
203 $376,214.99 $1,001.78 $0.00 $2,127.17 $379,343.94
204 $379,343.94 $1,001.78 $0.00 $2,144.87 $382,490.59
205 $382,490.59 $1,001.78 $0.00 $2,162.66 $385,655.03
206 $385,655.03 $1,001.78 $0.00 $2,180.55 $388,837.36
207 $388,837.36 $1,001.78 $0.00 $2,198.54 $392,037.68
208 $392,037.68 $1,001.78 $0.00 $2,216.64 $395,256.10
209 $395,256.10 $1,001.78 $0.00 $2,234.84 $398,492.72
210 $398,492.72 $1,001.78 $0.00 $2,253.14 $401,747.64
211 $401,747.64 $1,001.78 $0.00 $2,271.54 $405,020.96
212 $405,020.96 $1,001.78 $0.00 $2,290.05 $408,312.79
213 $408,312.79 $1,001.78 $0.00 $2,308.66 $411,623.23
214 $411,623.23 $1,001.78 $0.00 $2,327.38 $414,952.39
215 $414,952.39 $1,001.78 $0.00 $2,346.20 $418,300.37
216 $418,300.37 $1,001.78 $0.00 $2,365.13 $421,667.28
217 $421,667.28 $1,001.78 $117,447.83 $2,384.17 $307,605.40
218 $307,605.40 $1,001.78 $0.00 $1,739.25 $310,346.43
219 $310,346.43 $1,001.78 $0.00 $1,754.74 $313,102.95
220 $313,102.95 $1,001.78 $0.00 $1,770.33 $315,875.06
221 $315,875.06 $1,001.78 $0.00 $1,786.00 $318,662.84
222 $318,662.84 $1,001.78 $0.00 $1,801.77 $321,466.39
223 $321,466.39 $1,001.78 $0.00 $1,817.62 $324,285.79
224 $324,285.79 $1,001.78 $0.00 $1,833.56 $327,121.13
225 $327,121.13 $1,001.78 $0.00 $1,849.59 $329,972.50
226 $329,972.50 $1,001.78 $0.00 $1,865.71 $332,839.99
227 $332,839.99 $1,001.78 $0.00 $1,881.93 $335,723.70
228 $335,723.70 $1,001.78 $0.00 $1,898.23 $338,623.71
229 $338,623.71 $1,001.78 $123,320.22 $1,914.63 $218,219.90
230 $218,219.90 $1,001.78 $0.00 $1,233.85 $220,455.53
231 $220,455.53 $1,001.78 $0.00 $1,246.49 $222,703.80
232 $222,703.80 $1,001.78 $0.00 $1,259.20 $224,964.78
233 $224,964.78 $1,001.78 $0.00 $1,271.98 $227,238.54
234 $227,238.54 $1,001.78 $0.00 $1,284.84 $229,525.16
235 $229,525.16 $1,001.78 $0.00 $1,297.77 $231,824.71
236 $231,824.71 $1,001.78 $0.00 $1,310.77 $234,137.26
237 $234,137.26 $1,001.78 $0.00 $1,323.85 $236,462.89
238 $236,462.89 $1,001.78 $0.00 $1,337.00 $238,801.67
239 $238,801.67 $1,001.78 $0.00 $1,350.22 $241,153.67
240 $241,153.67 $1,001.78 $0.00 $1,363.52 $243,518.97
241 $243,518.97 $1,001.78 $129,486.23 $1,376.89 $116,411.41
242 $116,411.41 $1,001.78 $0.00 $658.21 $118,071.40
243 $118,071.40 $1,001.78 $0.00 $667.59 $119,740.77
244 $119,740.77 $1,001.78 $0.00 $677.03 $121,419.58
245 $121,419.58 $1,001.78 $0.00 $686.52 $123,107.88
246 $123,107.88 $1,001.78 $0.00 $696.07 $124,805.73
247 $124,805.73 $1,001.78 $0.00 $705.67 $126,513.18
248 $126,513.18 $1,001.78 $0.00 $715.32 $128,230.28
249 $128,230.28 $1,001.78 $0.00 $725.03 $129,957.09
250 $129,957.09 $1,001.78 $0.00 $734.80 $131,693.67
251 $131,693.67 $1,001.78 $0.00 $744.62 $133,440.07
252 $133,440.07 $1,001.78 $0.00 $754.49 $135,196.34
253 $135,196.34 $0.00 $135,960.55 $764.42 $0.21