Savings Plan and Future Cost Estimation for Sterling College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$196,213
Monthly savings required$1,551

How much will it cost to send your child to Sterling College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $784,850.76 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,550.72 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$52,300.00
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 $1,550.72 $0.00 $0.00 $1,550.72
2 $1,550.72 $1,550.72 $0.00 $8.77 $3,110.21
3 $3,110.21 $1,550.72 $0.00 $17.59 $4,678.52
4 $4,678.52 $1,550.72 $0.00 $26.45 $6,255.69
5 $6,255.69 $1,550.72 $0.00 $35.37 $7,841.78
6 $7,841.78 $1,550.72 $0.00 $44.34 $9,436.84
7 $9,436.84 $1,550.72 $0.00 $53.36 $11,040.92
8 $11,040.92 $1,550.72 $0.00 $62.43 $12,654.07
9 $12,654.07 $1,550.72 $0.00 $71.55 $14,276.34
10 $14,276.34 $1,550.72 $0.00 $80.72 $15,907.78
11 $15,907.78 $1,550.72 $0.00 $89.94 $17,548.44
12 $17,548.44 $1,550.72 $0.00 $99.22 $19,198.38
13 $19,198.38 $1,550.72 $0.00 $108.55 $20,857.65
14 $20,857.65 $1,550.72 $0.00 $117.93 $22,526.30
15 $22,526.30 $1,550.72 $0.00 $127.37 $24,204.39
16 $24,204.39 $1,550.72 $0.00 $136.86 $25,891.97
17 $25,891.97 $1,550.72 $0.00 $146.40 $27,589.09
18 $27,589.09 $1,550.72 $0.00 $155.99 $29,295.80
19 $29,295.80 $1,550.72 $0.00 $165.64 $31,012.16
20 $31,012.16 $1,550.72 $0.00 $175.35 $32,738.23
21 $32,738.23 $1,550.72 $0.00 $185.11 $34,474.06
22 $34,474.06 $1,550.72 $0.00 $194.92 $36,219.70
23 $36,219.70 $1,550.72 $0.00 $204.79 $37,975.21
24 $37,975.21 $1,550.72 $0.00 $214.72 $39,740.65
25 $39,740.65 $1,550.72 $0.00 $224.70 $41,516.07
26 $41,516.07 $1,550.72 $0.00 $234.74 $43,301.53
27 $43,301.53 $1,550.72 $0.00 $244.83 $45,097.08
28 $45,097.08 $1,550.72 $0.00 $254.99 $46,902.79
29 $46,902.79 $1,550.72 $0.00 $265.20 $48,718.71
30 $48,718.71 $1,550.72 $0.00 $275.46 $50,544.89
31 $50,544.89 $1,550.72 $0.00 $285.79 $52,381.40
32 $52,381.40 $1,550.72 $0.00 $296.17 $54,228.29
33 $54,228.29 $1,550.72 $0.00 $306.61 $56,085.62
34 $56,085.62 $1,550.72 $0.00 $317.12 $57,953.46
35 $57,953.46 $1,550.72 $0.00 $327.68 $59,831.86
36 $59,831.86 $1,550.72 $0.00 $338.30 $61,720.88
37 $61,720.88 $1,550.72 $0.00 $348.98 $63,620.58
38 $63,620.58 $1,550.72 $0.00 $359.72 $65,531.02
39 $65,531.02 $1,550.72 $0.00 $370.52 $67,452.26
40 $67,452.26 $1,550.72 $0.00 $381.38 $69,384.36
41 $69,384.36 $1,550.72 $0.00 $392.31 $71,327.39
42 $71,327.39 $1,550.72 $0.00 $403.30 $73,281.41
43 $73,281.41 $1,550.72 $0.00 $414.34 $75,246.47
44 $75,246.47 $1,550.72 $0.00 $425.45 $77,222.64
45 $77,222.64 $1,550.72 $0.00 $436.63 $79,209.99
46 $79,209.99 $1,550.72 $0.00 $447.86 $81,208.57
47 $81,208.57 $1,550.72 $0.00 $459.17 $83,218.46
48 $83,218.46 $1,550.72 $0.00 $470.53 $85,239.71
49 $85,239.71 $1,550.72 $0.00 $481.96 $87,272.39
50 $87,272.39 $1,550.72 $0.00 $493.45 $89,316.56
51 $89,316.56 $1,550.72 $0.00 $505.01 $91,372.29
52 $91,372.29 $1,550.72 $0.00 $516.63 $93,439.64
53 $93,439.64 $1,550.72 $0.00 $528.32 $95,518.68
54 $95,518.68 $1,550.72 $0.00 $540.08 $97,609.48
55 $97,609.48 $1,550.72 $0.00 $551.90 $99,712.10
56 $99,712.10 $1,550.72 $0.00 $563.79 $101,826.61
57 $101,826.61 $1,550.72 $0.00 $575.74 $103,953.07
58 $103,953.07 $1,550.72 $0.00 $587.77 $106,091.56
59 $106,091.56 $1,550.72 $0.00 $599.86 $108,242.14
60 $108,242.14 $1,550.72 $0.00 $612.02 $110,404.88
61 $110,404.88 $1,550.72 $0.00 $624.25 $112,579.85
62 $112,579.85 $1,550.72 $0.00 $636.54 $114,767.11
63 $114,767.11 $1,550.72 $0.00 $648.91 $116,966.74
64 $116,966.74 $1,550.72 $0.00 $661.35 $119,178.81
65 $119,178.81 $1,550.72 $0.00 $673.85 $121,403.38
66 $121,403.38 $1,550.72 $0.00 $686.43 $123,640.53
67 $123,640.53 $1,550.72 $0.00 $699.08 $125,890.33
68 $125,890.33 $1,550.72 $0.00 $711.80 $128,152.85
69 $128,152.85 $1,550.72 $0.00 $724.59 $130,428.16
70 $130,428.16 $1,550.72 $0.00 $737.46 $132,716.34
71 $132,716.34 $1,550.72 $0.00 $750.40 $135,017.46
72 $135,017.46 $1,550.72 $0.00 $763.41 $137,331.59
73 $137,331.59 $1,550.72 $0.00 $776.49 $139,658.80
74 $139,658.80 $1,550.72 $0.00 $789.65 $141,999.17
75 $141,999.17 $1,550.72 $0.00 $802.88 $144,352.77
76 $144,352.77 $1,550.72 $0.00 $816.19 $146,719.68
77 $146,719.68 $1,550.72 $0.00 $829.57 $149,099.97
78 $149,099.97 $1,550.72 $0.00 $843.03 $151,493.72
79 $151,493.72 $1,550.72 $0.00 $856.57 $153,901.01
80 $153,901.01 $1,550.72 $0.00 $870.18 $156,321.91
81 $156,321.91 $1,550.72 $0.00 $883.87 $158,756.50
82 $158,756.50 $1,550.72 $0.00 $897.63 $161,204.85
83 $161,204.85 $1,550.72 $0.00 $911.48 $163,667.05
84 $163,667.05 $1,550.72 $0.00 $925.40 $166,143.17
85 $166,143.17 $1,550.72 $0.00 $939.40 $168,633.29
86 $168,633.29 $1,550.72 $0.00 $953.48 $171,137.49
87 $171,137.49 $1,550.72 $0.00 $967.64 $173,655.85
88 $173,655.85 $1,550.72 $0.00 $981.88 $176,188.45
89 $176,188.45 $1,550.72 $0.00 $996.20 $178,735.37
90 $178,735.37 $1,550.72 $0.00 $1,010.60 $181,296.69
91 $181,296.69 $1,550.72 $0.00 $1,025.08 $183,872.49
92 $183,872.49 $1,550.72 $0.00 $1,039.64 $186,462.85
93 $186,462.85 $1,550.72 $0.00 $1,054.29 $189,067.86
94 $189,067.86 $1,550.72 $0.00 $1,069.02 $191,687.60
95 $191,687.60 $1,550.72 $0.00 $1,083.83 $194,322.15
96 $194,322.15 $1,550.72 $0.00 $1,098.73 $196,971.60
97 $196,971.60 $1,550.72 $0.00 $1,113.71 $199,636.03
98 $199,636.03 $1,550.72 $0.00 $1,128.77 $202,315.52
99 $202,315.52 $1,550.72 $0.00 $1,143.92 $205,010.16
100 $205,010.16 $1,550.72 $0.00 $1,159.16 $207,720.04
101 $207,720.04 $1,550.72 $0.00 $1,174.48 $210,445.24
102 $210,445.24 $1,550.72 $0.00 $1,189.89 $213,185.85
103 $213,185.85 $1,550.72 $0.00 $1,205.38 $215,941.95
104 $215,941.95 $1,550.72 $0.00 $1,220.97 $218,713.64
105 $218,713.64 $1,550.72 $0.00 $1,236.64 $221,501.00
106 $221,501.00 $1,550.72 $0.00 $1,252.40 $224,304.12
107 $224,304.12 $1,550.72 $0.00 $1,268.25 $227,123.09
108 $227,123.09 $1,550.72 $0.00 $1,284.19 $229,958.00
109 $229,958.00 $1,550.72 $0.00 $1,300.22 $232,808.94
110 $232,808.94 $1,550.72 $0.00 $1,316.34 $235,676.00
111 $235,676.00 $1,550.72 $0.00 $1,332.55 $238,559.27
112 $238,559.27 $1,550.72 $0.00 $1,348.85 $241,458.84
113 $241,458.84 $1,550.72 $0.00 $1,365.24 $244,374.80
114 $244,374.80 $1,550.72 $0.00 $1,381.73 $247,307.25
115 $247,307.25 $1,550.72 $0.00 $1,398.31 $250,256.28
116 $250,256.28 $1,550.72 $0.00 $1,414.99 $253,221.99
117 $253,221.99 $1,550.72 $0.00 $1,431.75 $256,204.46
118 $256,204.46 $1,550.72 $0.00 $1,448.62 $259,203.80
119 $259,203.80 $1,550.72 $0.00 $1,465.58 $262,220.10
120 $262,220.10 $1,550.72 $0.00 $1,482.63 $265,253.45
121 $265,253.45 $1,550.72 $0.00 $1,499.78 $268,303.95
122 $268,303.95 $1,550.72 $0.00 $1,517.03 $271,371.70
123 $271,371.70 $1,550.72 $0.00 $1,534.38 $274,456.80
124 $274,456.80 $1,550.72 $0.00 $1,551.82 $277,559.34
125 $277,559.34 $1,550.72 $0.00 $1,569.36 $280,679.42
126 $280,679.42 $1,550.72 $0.00 $1,587.00 $283,817.14
127 $283,817.14 $1,550.72 $0.00 $1,604.74 $286,972.60
128 $286,972.60 $1,550.72 $0.00 $1,622.58 $290,145.90
129 $290,145.90 $1,550.72 $0.00 $1,640.53 $293,337.15
130 $293,337.15 $1,550.72 $0.00 $1,658.57 $296,546.44
131 $296,546.44 $1,550.72 $0.00 $1,676.72 $299,773.88
132 $299,773.88 $1,550.72 $0.00 $1,694.97 $303,019.57
133 $303,019.57 $1,550.72 $0.00 $1,713.32 $306,283.61
134 $306,283.61 $1,550.72 $0.00 $1,731.77 $309,566.10
135 $309,566.10 $1,550.72 $0.00 $1,750.33 $312,867.15
136 $312,867.15 $1,550.72 $0.00 $1,769.00 $316,186.87
137 $316,186.87 $1,550.72 $0.00 $1,787.77 $319,525.36
138 $319,525.36 $1,550.72 $0.00 $1,806.64 $322,882.72
139 $322,882.72 $1,550.72 $0.00 $1,825.63 $326,259.07
140 $326,259.07 $1,550.72 $0.00 $1,844.72 $329,654.51
141 $329,654.51 $1,550.72 $0.00 $1,863.91 $333,069.14
142 $333,069.14 $1,550.72 $0.00 $1,883.22 $336,503.08
143 $336,503.08 $1,550.72 $0.00 $1,902.64 $339,956.44
144 $339,956.44 $1,550.72 $0.00 $1,922.16 $343,429.32
145 $343,429.32 $1,550.72 $0.00 $1,941.80 $346,921.84
146 $346,921.84 $1,550.72 $0.00 $1,961.55 $350,434.11
147 $350,434.11 $1,550.72 $0.00 $1,981.41 $353,966.24
148 $353,966.24 $1,550.72 $0.00 $2,001.38 $357,518.34
149 $357,518.34 $1,550.72 $0.00 $2,021.46 $361,090.52
150 $361,090.52 $1,550.72 $0.00 $2,041.66 $364,682.90
151 $364,682.90 $1,550.72 $0.00 $2,061.97 $368,295.59
152 $368,295.59 $1,550.72 $0.00 $2,082.40 $371,928.71
153 $371,928.71 $1,550.72 $0.00 $2,102.94 $375,582.37
154 $375,582.37 $1,550.72 $0.00 $2,123.60 $379,256.69
155 $379,256.69 $1,550.72 $0.00 $2,144.37 $382,951.78
156 $382,951.78 $1,550.72 $0.00 $2,165.27 $386,667.77
157 $386,667.77 $1,550.72 $0.00 $2,186.28 $390,404.77
158 $390,404.77 $1,550.72 $0.00 $2,207.41 $394,162.90
159 $394,162.90 $1,550.72 $0.00 $2,228.65 $397,942.27
160 $397,942.27 $1,550.72 $0.00 $2,250.02 $401,743.01
161 $401,743.01 $1,550.72 $0.00 $2,271.51 $405,565.24
162 $405,565.24 $1,550.72 $0.00 $2,293.12 $409,409.08
163 $409,409.08 $1,550.72 $0.00 $2,314.86 $413,274.66
164 $413,274.66 $1,550.72 $0.00 $2,336.72 $417,162.10
165 $417,162.10 $1,550.72 $0.00 $2,358.70 $421,071.52
166 $421,071.52 $1,550.72 $0.00 $2,380.80 $425,003.04
167 $425,003.04 $1,550.72 $0.00 $2,403.03 $428,956.79
168 $428,956.79 $1,550.72 $0.00 $2,425.38 $432,932.89
169 $432,932.89 $1,550.72 $0.00 $2,447.87 $436,931.48
170 $436,931.48 $1,550.72 $0.00 $2,470.47 $440,952.67
171 $440,952.67 $1,550.72 $0.00 $2,493.21 $444,996.60
172 $444,996.60 $1,550.72 $0.00 $2,516.08 $449,063.40
173 $449,063.40 $1,550.72 $0.00 $2,539.07 $453,153.19
174 $453,153.19 $1,550.72 $0.00 $2,562.19 $457,266.10
175 $457,266.10 $1,550.72 $0.00 $2,585.45 $461,402.27
176 $461,402.27 $1,550.72 $0.00 $2,608.84 $465,561.83
177 $465,561.83 $1,550.72 $0.00 $2,632.35 $469,744.90
178 $469,744.90 $1,550.72 $0.00 $2,656.01 $473,951.63
179 $473,951.63 $1,550.72 $0.00 $2,679.79 $478,182.14
180 $478,182.14 $1,550.72 $0.00 $2,703.71 $482,436.57
181 $482,436.57 $1,550.72 $0.00 $2,727.77 $486,715.06
182 $486,715.06 $1,550.72 $0.00 $2,751.96 $491,017.74
183 $491,017.74 $1,550.72 $0.00 $2,776.29 $495,344.75
184 $495,344.75 $1,550.72 $0.00 $2,800.75 $499,696.22
185 $499,696.22 $1,550.72 $0.00 $2,825.36 $504,072.30
186 $504,072.30 $1,550.72 $0.00 $2,850.10 $508,473.12
187 $508,473.12 $1,550.72 $0.00 $2,874.98 $512,898.82
188 $512,898.82 $1,550.72 $0.00 $2,900.00 $517,349.54
189 $517,349.54 $1,550.72 $0.00 $2,925.17 $521,825.43
190 $521,825.43 $1,550.72 $0.00 $2,950.48 $526,326.63
191 $526,326.63 $1,550.72 $0.00 $2,975.93 $530,853.28
192 $530,853.28 $1,550.72 $0.00 $3,001.52 $535,405.52
193 $535,405.52 $1,550.72 $0.00 $3,027.26 $539,983.50
194 $539,983.50 $1,550.72 $0.00 $3,053.15 $544,587.37
195 $544,587.37 $1,550.72 $0.00 $3,079.18 $549,217.27
196 $549,217.27 $1,550.72 $0.00 $3,105.35 $553,873.34
197 $553,873.34 $1,550.72 $0.00 $3,131.68 $558,555.74
198 $558,555.74 $1,550.72 $0.00 $3,158.16 $563,264.62
199 $563,264.62 $1,550.72 $0.00 $3,184.78 $568,000.12
200 $568,000.12 $1,550.72 $0.00 $3,211.56 $572,762.40
201 $572,762.40 $1,550.72 $0.00 $3,238.48 $577,551.60
202 $577,551.60 $1,550.72 $0.00 $3,265.56 $582,367.88
203 $582,367.88 $1,550.72 $0.00 $3,292.79 $587,211.39
204 $587,211.39 $1,550.72 $0.00 $3,320.18 $592,082.29
205 $592,082.29 $1,550.72 $0.00 $3,347.72 $596,980.73
206 $596,980.73 $1,550.72 $0.00 $3,375.42 $601,906.87
207 $601,906.87 $1,550.72 $0.00 $3,403.27 $606,860.86
208 $606,860.86 $1,550.72 $0.00 $3,431.28 $611,842.86
209 $611,842.86 $1,550.72 $0.00 $3,459.45 $616,853.03
210 $616,853.03 $1,550.72 $0.00 $3,487.78 $621,891.53
211 $621,891.53 $1,550.72 $0.00 $3,516.27 $626,958.52
212 $626,958.52 $1,550.72 $0.00 $3,544.91 $632,054.15
213 $632,054.15 $1,550.72 $0.00 $3,573.73 $637,178.60
214 $637,178.60 $1,550.72 $0.00 $3,602.70 $642,332.02
215 $642,332.02 $1,550.72 $0.00 $3,631.84 $647,514.58
216 $647,514.58 $1,550.72 $0.00 $3,661.14 $652,726.44
217 $652,726.44 $1,550.72 $176,770.46 $3,690.61 $481,197.31
218 $481,197.31 $1,550.72 $0.00 $2,720.76 $485,468.79
219 $485,468.79 $1,550.72 $0.00 $2,744.91 $489,764.42
220 $489,764.42 $1,550.72 $0.00 $2,769.20 $494,084.34
221 $494,084.34 $1,550.72 $0.00 $2,793.62 $498,428.68
222 $498,428.68 $1,550.72 $0.00 $2,818.19 $502,797.59
223 $502,797.59 $1,550.72 $0.00 $2,842.89 $507,191.20
224 $507,191.20 $1,550.72 $0.00 $2,867.73 $511,609.65
225 $511,609.65 $1,550.72 $0.00 $2,892.72 $516,053.09
226 $516,053.09 $1,550.72 $0.00 $2,917.84 $520,521.65
227 $520,521.65 $1,550.72 $0.00 $2,943.11 $525,015.48
228 $525,015.48 $1,550.72 $0.00 $2,968.51 $529,534.71
229 $529,534.71 $1,550.72 $189,144.39 $2,994.07 $344,935.11
230 $344,935.11 $1,550.72 $0.00 $1,950.31 $348,436.14
231 $348,436.14 $1,550.72 $0.00 $1,970.11 $351,956.97
232 $351,956.97 $1,550.72 $0.00 $1,990.02 $355,497.71
233 $355,497.71 $1,550.72 $0.00 $2,010.04 $359,058.47
234 $359,058.47 $1,550.72 $0.00 $2,030.17 $362,639.36
235 $362,639.36 $1,550.72 $0.00 $2,050.42 $366,240.50
236 $366,240.50 $1,550.72 $0.00 $2,070.78 $369,862.00
237 $369,862.00 $1,550.72 $0.00 $2,091.25 $373,503.97
238 $373,503.97 $1,550.72 $0.00 $2,111.85 $377,166.54
239 $377,166.54 $1,550.72 $0.00 $2,132.55 $380,849.81
240 $380,849.81 $1,550.72 $0.00 $2,153.38 $384,553.91
241 $384,553.91 $1,550.72 $202,384.50 $2,174.32 $185,894.45
242 $185,894.45 $1,550.72 $0.00 $1,051.07 $188,496.24
243 $188,496.24 $1,550.72 $0.00 $1,065.79 $191,112.75
244 $191,112.75 $1,550.72 $0.00 $1,080.58 $193,744.05
245 $193,744.05 $1,550.72 $0.00 $1,095.46 $196,390.23
246 $196,390.23 $1,550.72 $0.00 $1,110.42 $199,051.37
247 $199,051.37 $1,550.72 $0.00 $1,125.47 $201,727.56
248 $201,727.56 $1,550.72 $0.00 $1,140.60 $204,418.88
249 $204,418.88 $1,550.72 $0.00 $1,155.81 $207,125.41
250 $207,125.41 $1,550.72 $0.00 $1,171.12 $209,847.25
251 $209,847.25 $1,550.72 $0.00 $1,186.51 $212,584.48
252 $212,584.48 $1,550.72 $0.00 $1,201.98 $215,337.18
253 $215,337.18 $0.00 $216,551.41 $1,217.55 $3.32