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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$131,735
Monthly savings required$1,043

How much will it cost to send your child to Emory and Henry College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $526,939.75 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,042.80 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$50,800.00
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 $1,042.80 $0.00 $0.00 $1,042.80
2 $1,042.80 $1,042.80 $0.00 $5.90 $2,091.50
3 $2,091.50 $1,042.80 $0.00 $11.83 $3,146.13
4 $3,146.13 $1,042.80 $0.00 $17.79 $4,206.72
5 $4,206.72 $1,042.80 $0.00 $23.79 $5,273.31
6 $5,273.31 $1,042.80 $0.00 $29.82 $6,345.93
7 $6,345.93 $1,042.80 $0.00 $35.88 $7,424.61
8 $7,424.61 $1,042.80 $0.00 $41.98 $8,509.39
9 $8,509.39 $1,042.80 $0.00 $48.11 $9,600.30
10 $9,600.30 $1,042.80 $0.00 $54.28 $10,697.38
11 $10,697.38 $1,042.80 $0.00 $60.48 $11,800.66
12 $11,800.66 $1,042.80 $0.00 $66.72 $12,910.18
13 $12,910.18 $1,042.80 $0.00 $73.00 $14,025.98
14 $14,025.98 $1,042.80 $0.00 $79.30 $15,148.08
15 $15,148.08 $1,042.80 $0.00 $85.65 $16,276.53
16 $16,276.53 $1,042.80 $0.00 $92.03 $17,411.36
17 $17,411.36 $1,042.80 $0.00 $98.45 $18,552.61
18 $18,552.61 $1,042.80 $0.00 $104.90 $19,700.31
19 $19,700.31 $1,042.80 $0.00 $111.39 $20,854.50
20 $20,854.50 $1,042.80 $0.00 $117.91 $22,015.21
21 $22,015.21 $1,042.80 $0.00 $124.48 $23,182.49
22 $23,182.49 $1,042.80 $0.00 $131.08 $24,356.37
23 $24,356.37 $1,042.80 $0.00 $137.71 $25,536.88
24 $25,536.88 $1,042.80 $0.00 $144.39 $26,724.07
25 $26,724.07 $1,042.80 $0.00 $151.10 $27,917.97
26 $27,917.97 $1,042.80 $0.00 $157.85 $29,118.62
27 $29,118.62 $1,042.80 $0.00 $164.64 $30,326.06
28 $30,326.06 $1,042.80 $0.00 $171.47 $31,540.33
29 $31,540.33 $1,042.80 $0.00 $178.33 $32,761.46
30 $32,761.46 $1,042.80 $0.00 $185.24 $33,989.50
31 $33,989.50 $1,042.80 $0.00 $192.18 $35,224.48
32 $35,224.48 $1,042.80 $0.00 $199.16 $36,466.44
33 $36,466.44 $1,042.80 $0.00 $206.19 $37,715.43
34 $37,715.43 $1,042.80 $0.00 $213.25 $38,971.48
35 $38,971.48 $1,042.80 $0.00 $220.35 $40,234.63
36 $40,234.63 $1,042.80 $0.00 $227.49 $41,504.92
37 $41,504.92 $1,042.80 $0.00 $234.67 $42,782.39
38 $42,782.39 $1,042.80 $0.00 $241.90 $44,067.09
39 $44,067.09 $1,042.80 $0.00 $249.16 $45,359.05
40 $45,359.05 $1,042.80 $0.00 $256.47 $46,658.32
41 $46,658.32 $1,042.80 $0.00 $263.81 $47,964.93
42 $47,964.93 $1,042.80 $0.00 $271.20 $49,278.93
43 $49,278.93 $1,042.80 $0.00 $278.63 $50,600.36
44 $50,600.36 $1,042.80 $0.00 $286.10 $51,929.26
45 $51,929.26 $1,042.80 $0.00 $293.62 $53,265.68
46 $53,265.68 $1,042.80 $0.00 $301.17 $54,609.65
47 $54,609.65 $1,042.80 $0.00 $308.77 $55,961.22
48 $55,961.22 $1,042.80 $0.00 $316.41 $57,320.43
49 $57,320.43 $1,042.80 $0.00 $324.10 $58,687.33
50 $58,687.33 $1,042.80 $0.00 $331.83 $60,061.96
51 $60,061.96 $1,042.80 $0.00 $339.60 $61,444.36
52 $61,444.36 $1,042.80 $0.00 $347.42 $62,834.58
53 $62,834.58 $1,042.80 $0.00 $355.28 $64,232.66
54 $64,232.66 $1,042.80 $0.00 $363.18 $65,638.64
55 $65,638.64 $1,042.80 $0.00 $371.13 $67,052.57
56 $67,052.57 $1,042.80 $0.00 $379.12 $68,474.49
57 $68,474.49 $1,042.80 $0.00 $387.16 $69,904.45
58 $69,904.45 $1,042.80 $0.00 $395.25 $71,342.50
59 $71,342.50 $1,042.80 $0.00 $403.38 $72,788.68
60 $72,788.68 $1,042.80 $0.00 $411.56 $74,243.04
61 $74,243.04 $1,042.80 $0.00 $419.78 $75,705.62
62 $75,705.62 $1,042.80 $0.00 $428.05 $77,176.47
63 $77,176.47 $1,042.80 $0.00 $436.37 $78,655.64
64 $78,655.64 $1,042.80 $0.00 $444.73 $80,143.17
65 $80,143.17 $1,042.80 $0.00 $453.14 $81,639.11
66 $81,639.11 $1,042.80 $0.00 $461.60 $83,143.51
67 $83,143.51 $1,042.80 $0.00 $470.11 $84,656.42
68 $84,656.42 $1,042.80 $0.00 $478.66 $86,177.88
69 $86,177.88 $1,042.80 $0.00 $487.26 $87,707.94
70 $87,707.94 $1,042.80 $0.00 $495.91 $89,246.65
71 $89,246.65 $1,042.80 $0.00 $504.61 $90,794.06
72 $90,794.06 $1,042.80 $0.00 $513.36 $92,350.22
73 $92,350.22 $1,042.80 $0.00 $522.16 $93,915.18
74 $93,915.18 $1,042.80 $0.00 $531.01 $95,488.99
75 $95,488.99 $1,042.80 $0.00 $539.91 $97,071.70
76 $97,071.70 $1,042.80 $0.00 $548.86 $98,663.36
77 $98,663.36 $1,042.80 $0.00 $557.86 $100,264.02
78 $100,264.02 $1,042.80 $0.00 $566.91 $101,873.73
79 $101,873.73 $1,042.80 $0.00 $576.01 $103,492.54
80 $103,492.54 $1,042.80 $0.00 $585.16 $105,120.50
81 $105,120.50 $1,042.80 $0.00 $594.37 $106,757.67
82 $106,757.67 $1,042.80 $0.00 $603.62 $108,404.09
83 $108,404.09 $1,042.80 $0.00 $612.93 $110,059.82
84 $110,059.82 $1,042.80 $0.00 $622.29 $111,724.91
85 $111,724.91 $1,042.80 $0.00 $631.71 $113,399.42
86 $113,399.42 $1,042.80 $0.00 $641.18 $115,083.40
87 $115,083.40 $1,042.80 $0.00 $650.70 $116,776.90
88 $116,776.90 $1,042.80 $0.00 $660.27 $118,479.97
89 $118,479.97 $1,042.80 $0.00 $669.90 $120,192.67
90 $120,192.67 $1,042.80 $0.00 $679.59 $121,915.06
91 $121,915.06 $1,042.80 $0.00 $689.33 $123,647.19
92 $123,647.19 $1,042.80 $0.00 $699.12 $125,389.11
93 $125,389.11 $1,042.80 $0.00 $708.97 $127,140.88
94 $127,140.88 $1,042.80 $0.00 $718.87 $128,902.55
95 $128,902.55 $1,042.80 $0.00 $728.83 $130,674.18
96 $130,674.18 $1,042.80 $0.00 $738.85 $132,455.83
97 $132,455.83 $1,042.80 $0.00 $748.92 $134,247.55
98 $134,247.55 $1,042.80 $0.00 $759.06 $136,049.41
99 $136,049.41 $1,042.80 $0.00 $769.24 $137,861.45
100 $137,861.45 $1,042.80 $0.00 $779.49 $139,683.74
101 $139,683.74 $1,042.80 $0.00 $789.79 $141,516.33
102 $141,516.33 $1,042.80 $0.00 $800.15 $143,359.28
103 $143,359.28 $1,042.80 $0.00 $810.57 $145,212.65
104 $145,212.65 $1,042.80 $0.00 $821.05 $147,076.50
105 $147,076.50 $1,042.80 $0.00 $831.59 $148,950.89
106 $148,950.89 $1,042.80 $0.00 $842.19 $150,835.88
107 $150,835.88 $1,042.80 $0.00 $852.85 $152,731.53
108 $152,731.53 $1,042.80 $0.00 $863.57 $154,637.90
109 $154,637.90 $1,042.80 $0.00 $874.35 $156,555.05
110 $156,555.05 $1,042.80 $0.00 $885.19 $158,483.04
111 $158,483.04 $1,042.80 $0.00 $896.09 $160,421.93
112 $160,421.93 $1,042.80 $0.00 $907.05 $162,371.78
113 $162,371.78 $1,042.80 $0.00 $918.07 $164,332.65
114 $164,332.65 $1,042.80 $0.00 $929.16 $166,304.61
115 $166,304.61 $1,042.80 $0.00 $940.31 $168,287.72
116 $168,287.72 $1,042.80 $0.00 $951.52 $170,282.04
117 $170,282.04 $1,042.80 $0.00 $962.80 $172,287.64
118 $172,287.64 $1,042.80 $0.00 $974.14 $174,304.58
119 $174,304.58 $1,042.80 $0.00 $985.54 $176,332.92
120 $176,332.92 $1,042.80 $0.00 $997.01 $178,372.73
121 $178,372.73 $1,042.80 $0.00 $1,008.55 $180,424.08
122 $180,424.08 $1,042.80 $0.00 $1,020.14 $182,487.02
123 $182,487.02 $1,042.80 $0.00 $1,031.81 $184,561.63
124 $184,561.63 $1,042.80 $0.00 $1,043.54 $186,647.97
125 $186,647.97 $1,042.80 $0.00 $1,055.33 $188,746.10
126 $188,746.10 $1,042.80 $0.00 $1,067.20 $190,856.10
127 $190,856.10 $1,042.80 $0.00 $1,079.13 $192,978.03
128 $192,978.03 $1,042.80 $0.00 $1,091.13 $195,111.96
129 $195,111.96 $1,042.80 $0.00 $1,103.19 $197,257.95
130 $197,257.95 $1,042.80 $0.00 $1,115.33 $199,416.08
131 $199,416.08 $1,042.80 $0.00 $1,127.53 $201,586.41
132 $201,586.41 $1,042.80 $0.00 $1,139.80 $203,769.01
133 $203,769.01 $1,042.80 $0.00 $1,152.14 $205,963.95
134 $205,963.95 $1,042.80 $0.00 $1,164.55 $208,171.30
135 $208,171.30 $1,042.80 $0.00 $1,177.03 $210,391.13
136 $210,391.13 $1,042.80 $0.00 $1,189.58 $212,623.51
137 $212,623.51 $1,042.80 $0.00 $1,202.20 $214,868.51
138 $214,868.51 $1,042.80 $0.00 $1,214.90 $217,126.21
139 $217,126.21 $1,042.80 $0.00 $1,227.66 $219,396.67
140 $219,396.67 $1,042.80 $0.00 $1,240.50 $221,679.97
141 $221,679.97 $1,042.80 $0.00 $1,253.41 $223,976.18
142 $223,976.18 $1,042.80 $0.00 $1,266.39 $226,285.37
143 $226,285.37 $1,042.80 $0.00 $1,279.45 $228,607.62
144 $228,607.62 $1,042.80 $0.00 $1,292.58 $230,943.00
145 $230,943.00 $1,042.80 $0.00 $1,305.79 $233,291.59
146 $233,291.59 $1,042.80 $0.00 $1,319.06 $235,653.45
147 $235,653.45 $1,042.80 $0.00 $1,332.42 $238,028.67
148 $238,028.67 $1,042.80 $0.00 $1,345.85 $240,417.32
149 $240,417.32 $1,042.80 $0.00 $1,359.35 $242,819.47
150 $242,819.47 $1,042.80 $0.00 $1,372.94 $245,235.21
151 $245,235.21 $1,042.80 $0.00 $1,386.60 $247,664.61
152 $247,664.61 $1,042.80 $0.00 $1,400.33 $250,107.74
153 $250,107.74 $1,042.80 $0.00 $1,414.15 $252,564.69
154 $252,564.69 $1,042.80 $0.00 $1,428.04 $255,035.53
155 $255,035.53 $1,042.80 $0.00 $1,442.01 $257,520.34
156 $257,520.34 $1,042.80 $0.00 $1,456.06 $260,019.20
157 $260,019.20 $1,042.80 $0.00 $1,470.19 $262,532.19
158 $262,532.19 $1,042.80 $0.00 $1,484.40 $265,059.39
159 $265,059.39 $1,042.80 $0.00 $1,498.68 $267,600.87
160 $267,600.87 $1,042.80 $0.00 $1,513.05 $270,156.72
161 $270,156.72 $1,042.80 $0.00 $1,527.51 $272,727.03
162 $272,727.03 $1,042.80 $0.00 $1,542.04 $275,311.87
163 $275,311.87 $1,042.80 $0.00 $1,556.65 $277,911.32
164 $277,911.32 $1,042.80 $0.00 $1,571.35 $280,525.47
165 $280,525.47 $1,042.80 $0.00 $1,586.13 $283,154.40
166 $283,154.40 $1,042.80 $0.00 $1,601.00 $285,798.20
167 $285,798.20 $1,042.80 $0.00 $1,615.94 $288,456.94
168 $288,456.94 $1,042.80 $0.00 $1,630.98 $291,130.72
169 $291,130.72 $1,042.80 $0.00 $1,646.10 $293,819.62
170 $293,819.62 $1,042.80 $0.00 $1,661.30 $296,523.72
171 $296,523.72 $1,042.80 $0.00 $1,676.59 $299,243.11
172 $299,243.11 $1,042.80 $0.00 $1,691.96 $301,977.87
173 $301,977.87 $1,042.80 $0.00 $1,707.43 $304,728.10
174 $304,728.10 $1,042.80 $0.00 $1,722.98 $307,493.88
175 $307,493.88 $1,042.80 $0.00 $1,738.62 $310,275.30
176 $310,275.30 $1,042.80 $0.00 $1,754.34 $313,072.44
177 $313,072.44 $1,042.80 $0.00 $1,770.16 $315,885.40
178 $315,885.40 $1,042.80 $0.00 $1,786.06 $318,714.26
179 $318,714.26 $1,042.80 $0.00 $1,802.06 $321,559.12
180 $321,559.12 $1,042.80 $0.00 $1,818.14 $324,420.06
181 $324,420.06 $1,042.80 $0.00 $1,834.32 $327,297.18
182 $327,297.18 $1,042.80 $0.00 $1,850.59 $330,190.57
183 $330,190.57 $1,042.80 $0.00 $1,866.95 $333,100.32
184 $333,100.32 $1,042.80 $0.00 $1,883.40 $336,026.52
185 $336,026.52 $1,042.80 $0.00 $1,899.94 $338,969.26
186 $338,969.26 $1,042.80 $0.00 $1,916.58 $341,928.64
187 $341,928.64 $1,042.80 $0.00 $1,933.31 $344,904.75
188 $344,904.75 $1,042.80 $0.00 $1,950.14 $347,897.69
189 $347,897.69 $1,042.80 $0.00 $1,967.06 $350,907.55
190 $350,907.55 $1,042.80 $0.00 $1,984.08 $353,934.43
191 $353,934.43 $1,042.80 $0.00 $2,001.20 $356,978.43
192 $356,978.43 $1,042.80 $0.00 $2,018.41 $360,039.64
193 $360,039.64 $1,042.80 $0.00 $2,035.72 $363,118.16
194 $363,118.16 $1,042.80 $0.00 $2,053.12 $366,214.08
195 $366,214.08 $1,042.80 $0.00 $2,070.63 $369,327.51
196 $369,327.51 $1,042.80 $0.00 $2,088.23 $372,458.54
197 $372,458.54 $1,042.80 $0.00 $2,105.93 $375,607.27
198 $375,607.27 $1,042.80 $0.00 $2,123.74 $378,773.81
199 $378,773.81 $1,042.80 $0.00 $2,141.64 $381,958.25
200 $381,958.25 $1,042.80 $0.00 $2,159.65 $385,160.70
201 $385,160.70 $1,042.80 $0.00 $2,177.75 $388,381.25
202 $388,381.25 $1,042.80 $0.00 $2,195.96 $391,620.01
203 $391,620.01 $1,042.80 $0.00 $2,214.28 $394,877.09
204 $394,877.09 $1,042.80 $0.00 $2,232.69 $398,152.58
205 $398,152.58 $1,042.80 $0.00 $2,251.21 $401,446.59
206 $401,446.59 $1,042.80 $0.00 $2,269.84 $404,759.23
207 $404,759.23 $1,042.80 $0.00 $2,288.57 $408,090.60
208 $408,090.60 $1,042.80 $0.00 $2,307.40 $411,440.80
209 $411,440.80 $1,042.80 $0.00 $2,326.35 $414,809.95
210 $414,809.95 $1,042.80 $0.00 $2,345.40 $418,198.15
211 $418,198.15 $1,042.80 $0.00 $2,364.55 $421,605.50
212 $421,605.50 $1,042.80 $0.00 $2,383.82 $425,032.12
213 $425,032.12 $1,042.80 $0.00 $2,403.19 $428,478.11
214 $428,478.11 $1,042.80 $0.00 $2,422.68 $431,943.59
215 $431,943.59 $1,042.80 $0.00 $2,442.27 $435,428.66
216 $435,428.66 $1,042.80 $0.00 $2,461.98 $438,933.44
217 $438,933.44 $1,042.80 $122,256.26 $2,481.79 $320,201.77
218 $320,201.77 $1,042.80 $0.00 $1,810.47 $323,055.04
219 $323,055.04 $1,042.80 $0.00 $1,826.60 $325,924.44
220 $325,924.44 $1,042.80 $0.00 $1,842.82 $328,810.06
221 $328,810.06 $1,042.80 $0.00 $1,859.14 $331,712.00
222 $331,712.00 $1,042.80 $0.00 $1,875.55 $334,630.35
223 $334,630.35 $1,042.80 $0.00 $1,892.05 $337,565.20
224 $337,565.20 $1,042.80 $0.00 $1,908.64 $340,516.64
225 $340,516.64 $1,042.80 $0.00 $1,925.33 $343,484.77
226 $343,484.77 $1,042.80 $0.00 $1,942.11 $346,469.68
227 $346,469.68 $1,042.80 $0.00 $1,958.99 $349,471.47
228 $349,471.47 $1,042.80 $0.00 $1,975.96 $352,490.23
229 $352,490.23 $1,042.80 $128,369.07 $1,993.03 $227,156.99
230 $227,156.99 $1,042.80 $0.00 $1,284.38 $229,484.17
231 $229,484.17 $1,042.80 $0.00 $1,297.54 $231,824.51
232 $231,824.51 $1,042.80 $0.00 $1,310.77 $234,178.08
233 $234,178.08 $1,042.80 $0.00 $1,324.08 $236,544.96
234 $236,544.96 $1,042.80 $0.00 $1,337.46 $238,925.22
235 $238,925.22 $1,042.80 $0.00 $1,350.92 $241,318.94
236 $241,318.94 $1,042.80 $0.00 $1,364.45 $243,726.19
237 $243,726.19 $1,042.80 $0.00 $1,378.06 $246,147.05
238 $246,147.05 $1,042.80 $0.00 $1,391.75 $248,581.60
239 $248,581.60 $1,042.80 $0.00 $1,405.52 $251,029.92
240 $251,029.92 $1,042.80 $0.00 $1,419.36 $253,492.08
241 $253,492.08 $1,042.80 $134,787.52 $1,433.28 $121,180.64
242 $121,180.64 $1,042.80 $0.00 $685.17 $122,908.61
243 $122,908.61 $1,042.80 $0.00 $694.94 $124,646.35
244 $124,646.35 $1,042.80 $0.00 $704.77 $126,393.92
245 $126,393.92 $1,042.80 $0.00 $714.65 $128,151.37
246 $128,151.37 $1,042.80 $0.00 $724.59 $129,918.76
247 $129,918.76 $1,042.80 $0.00 $734.58 $131,696.14
248 $131,696.14 $1,042.80 $0.00 $744.63 $133,483.57
249 $133,483.57 $1,042.80 $0.00 $754.74 $135,281.11
250 $135,281.11 $1,042.80 $0.00 $764.90 $137,088.81
251 $137,088.81 $1,042.80 $0.00 $775.12 $138,906.73
252 $138,906.73 $1,042.80 $0.00 $785.40 $140,734.93
253 $140,734.93 $0.00 $141,526.90 $795.74 $3.77