Savings Plan and Future Cost Estimation for Emory and Henry College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$137,090
Monthly savings required$1,085

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 $548,359.64 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,085.18 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$52,865.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,085.18 $0.00 $0.00 $1,085.18
2 $1,085.18 $1,085.18 $0.00 $6.14 $2,176.50
3 $2,176.50 $1,085.18 $0.00 $12.31 $3,273.99
4 $3,273.99 $1,085.18 $0.00 $18.51 $4,377.68
5 $4,377.68 $1,085.18 $0.00 $24.75 $5,487.61
6 $5,487.61 $1,085.18 $0.00 $31.03 $6,603.82
7 $6,603.82 $1,085.18 $0.00 $37.34 $7,726.34
8 $7,726.34 $1,085.18 $0.00 $43.69 $8,855.21
9 $8,855.21 $1,085.18 $0.00 $50.07 $9,990.46
10 $9,990.46 $1,085.18 $0.00 $56.49 $11,132.13
11 $11,132.13 $1,085.18 $0.00 $62.94 $12,280.25
12 $12,280.25 $1,085.18 $0.00 $69.43 $13,434.86
13 $13,434.86 $1,085.18 $0.00 $75.96 $14,596.00
14 $14,596.00 $1,085.18 $0.00 $82.53 $15,763.71
15 $15,763.71 $1,085.18 $0.00 $89.13 $16,938.02
16 $16,938.02 $1,085.18 $0.00 $95.77 $18,118.97
17 $18,118.97 $1,085.18 $0.00 $102.45 $19,306.60
18 $19,306.60 $1,085.18 $0.00 $109.16 $20,500.94
19 $20,500.94 $1,085.18 $0.00 $115.92 $21,702.04
20 $21,702.04 $1,085.18 $0.00 $122.71 $22,909.93
21 $22,909.93 $1,085.18 $0.00 $129.54 $24,124.65
22 $24,124.65 $1,085.18 $0.00 $136.40 $25,346.23
23 $25,346.23 $1,085.18 $0.00 $143.31 $26,574.72
24 $26,574.72 $1,085.18 $0.00 $150.26 $27,810.16
25 $27,810.16 $1,085.18 $0.00 $157.24 $29,052.58
26 $29,052.58 $1,085.18 $0.00 $164.27 $30,302.03
27 $30,302.03 $1,085.18 $0.00 $171.33 $31,558.54
28 $31,558.54 $1,085.18 $0.00 $178.44 $32,822.16
29 $32,822.16 $1,085.18 $0.00 $185.58 $34,092.92
30 $34,092.92 $1,085.18 $0.00 $192.77 $35,370.87
31 $35,370.87 $1,085.18 $0.00 $199.99 $36,656.04
32 $36,656.04 $1,085.18 $0.00 $207.26 $37,948.48
33 $37,948.48 $1,085.18 $0.00 $214.57 $39,248.23
34 $39,248.23 $1,085.18 $0.00 $221.92 $40,555.33
35 $40,555.33 $1,085.18 $0.00 $229.31 $41,869.82
36 $41,869.82 $1,085.18 $0.00 $236.74 $43,191.74
37 $43,191.74 $1,085.18 $0.00 $244.21 $44,521.13
38 $44,521.13 $1,085.18 $0.00 $251.73 $45,858.04
39 $45,858.04 $1,085.18 $0.00 $259.29 $47,202.51
40 $47,202.51 $1,085.18 $0.00 $266.89 $48,554.58
41 $48,554.58 $1,085.18 $0.00 $274.53 $49,914.29
42 $49,914.29 $1,085.18 $0.00 $282.22 $51,281.69
43 $51,281.69 $1,085.18 $0.00 $289.95 $52,656.82
44 $52,656.82 $1,085.18 $0.00 $297.73 $54,039.73
45 $54,039.73 $1,085.18 $0.00 $305.55 $55,430.46
46 $55,430.46 $1,085.18 $0.00 $313.41 $56,829.05
47 $56,829.05 $1,085.18 $0.00 $321.32 $58,235.55
48 $58,235.55 $1,085.18 $0.00 $329.27 $59,650.00
49 $59,650.00 $1,085.18 $0.00 $337.27 $61,072.45
50 $61,072.45 $1,085.18 $0.00 $345.31 $62,502.94
51 $62,502.94 $1,085.18 $0.00 $353.40 $63,941.52
52 $63,941.52 $1,085.18 $0.00 $361.53 $65,388.23
53 $65,388.23 $1,085.18 $0.00 $369.71 $66,843.12
54 $66,843.12 $1,085.18 $0.00 $377.94 $68,306.24
55 $68,306.24 $1,085.18 $0.00 $386.21 $69,777.63
56 $69,777.63 $1,085.18 $0.00 $394.53 $71,257.34
57 $71,257.34 $1,085.18 $0.00 $402.90 $72,745.42
58 $72,745.42 $1,085.18 $0.00 $411.31 $74,241.91
59 $74,241.91 $1,085.18 $0.00 $419.77 $75,746.86
60 $75,746.86 $1,085.18 $0.00 $428.28 $77,260.32
61 $77,260.32 $1,085.18 $0.00 $436.84 $78,782.34
62 $78,782.34 $1,085.18 $0.00 $445.45 $80,312.97
63 $80,312.97 $1,085.18 $0.00 $454.10 $81,852.25
64 $81,852.25 $1,085.18 $0.00 $462.80 $83,400.23
65 $83,400.23 $1,085.18 $0.00 $471.56 $84,956.97
66 $84,956.97 $1,085.18 $0.00 $480.36 $86,522.51
67 $86,522.51 $1,085.18 $0.00 $489.21 $88,096.90
68 $88,096.90 $1,085.18 $0.00 $498.11 $89,680.19
69 $89,680.19 $1,085.18 $0.00 $507.06 $91,272.43
70 $91,272.43 $1,085.18 $0.00 $516.07 $92,873.68
71 $92,873.68 $1,085.18 $0.00 $525.12 $94,483.98
72 $94,483.98 $1,085.18 $0.00 $534.23 $96,103.39
73 $96,103.39 $1,085.18 $0.00 $543.38 $97,731.95
74 $97,731.95 $1,085.18 $0.00 $552.59 $99,369.72
75 $99,369.72 $1,085.18 $0.00 $561.85 $101,016.75
76 $101,016.75 $1,085.18 $0.00 $571.16 $102,673.09
77 $102,673.09 $1,085.18 $0.00 $580.53 $104,338.80
78 $104,338.80 $1,085.18 $0.00 $589.95 $106,013.93
79 $106,013.93 $1,085.18 $0.00 $599.42 $107,698.53
80 $107,698.53 $1,085.18 $0.00 $608.94 $109,392.65
81 $109,392.65 $1,085.18 $0.00 $618.52 $111,096.35
82 $111,096.35 $1,085.18 $0.00 $628.15 $112,809.68
83 $112,809.68 $1,085.18 $0.00 $637.84 $114,532.70
84 $114,532.70 $1,085.18 $0.00 $647.58 $116,265.46
85 $116,265.46 $1,085.18 $0.00 $657.38 $118,008.02
86 $118,008.02 $1,085.18 $0.00 $667.23 $119,760.43
87 $119,760.43 $1,085.18 $0.00 $677.14 $121,522.75
88 $121,522.75 $1,085.18 $0.00 $687.11 $123,295.04
89 $123,295.04 $1,085.18 $0.00 $697.13 $125,077.35
90 $125,077.35 $1,085.18 $0.00 $707.21 $126,869.74
91 $126,869.74 $1,085.18 $0.00 $717.34 $128,672.26
92 $128,672.26 $1,085.18 $0.00 $727.53 $130,484.97
93 $130,484.97 $1,085.18 $0.00 $737.78 $132,307.93
94 $132,307.93 $1,085.18 $0.00 $748.09 $134,141.20
95 $134,141.20 $1,085.18 $0.00 $758.45 $135,984.83
96 $135,984.83 $1,085.18 $0.00 $768.88 $137,838.89
97 $137,838.89 $1,085.18 $0.00 $779.36 $139,703.43
98 $139,703.43 $1,085.18 $0.00 $789.90 $141,578.51
99 $141,578.51 $1,085.18 $0.00 $800.51 $143,464.20
100 $143,464.20 $1,085.18 $0.00 $811.17 $145,360.55
101 $145,360.55 $1,085.18 $0.00 $821.89 $147,267.62
102 $147,267.62 $1,085.18 $0.00 $832.67 $149,185.47
103 $149,185.47 $1,085.18 $0.00 $843.52 $151,114.17
104 $151,114.17 $1,085.18 $0.00 $854.42 $153,053.77
105 $153,053.77 $1,085.18 $0.00 $865.39 $155,004.34
106 $155,004.34 $1,085.18 $0.00 $876.42 $156,965.94
107 $156,965.94 $1,085.18 $0.00 $887.51 $158,938.63
108 $158,938.63 $1,085.18 $0.00 $898.66 $160,922.47
109 $160,922.47 $1,085.18 $0.00 $909.88 $162,917.53
110 $162,917.53 $1,085.18 $0.00 $921.16 $164,923.87
111 $164,923.87 $1,085.18 $0.00 $932.50 $166,941.55
112 $166,941.55 $1,085.18 $0.00 $943.91 $168,970.64
113 $168,970.64 $1,085.18 $0.00 $955.38 $171,011.20
114 $171,011.20 $1,085.18 $0.00 $966.92 $173,063.30
115 $173,063.30 $1,085.18 $0.00 $978.53 $175,127.01
116 $175,127.01 $1,085.18 $0.00 $990.19 $177,202.38
117 $177,202.38 $1,085.18 $0.00 $1,001.93 $179,289.49
118 $179,289.49 $1,085.18 $0.00 $1,013.73 $181,388.40
119 $181,388.40 $1,085.18 $0.00 $1,025.60 $183,499.18
120 $183,499.18 $1,085.18 $0.00 $1,037.53 $185,621.89
121 $185,621.89 $1,085.18 $0.00 $1,049.53 $187,756.60
122 $187,756.60 $1,085.18 $0.00 $1,061.60 $189,903.38
123 $189,903.38 $1,085.18 $0.00 $1,073.74 $192,062.30
124 $192,062.30 $1,085.18 $0.00 $1,085.95 $194,233.43
125 $194,233.43 $1,085.18 $0.00 $1,098.22 $196,416.83
126 $196,416.83 $1,085.18 $0.00 $1,110.57 $198,612.58
127 $198,612.58 $1,085.18 $0.00 $1,122.98 $200,820.74
128 $200,820.74 $1,085.18 $0.00 $1,135.47 $203,041.39
129 $203,041.39 $1,085.18 $0.00 $1,148.03 $205,274.60
130 $205,274.60 $1,085.18 $0.00 $1,160.65 $207,520.43
131 $207,520.43 $1,085.18 $0.00 $1,173.35 $209,778.96
132 $209,778.96 $1,085.18 $0.00 $1,186.12 $212,050.26
133 $212,050.26 $1,085.18 $0.00 $1,198.96 $214,334.40
134 $214,334.40 $1,085.18 $0.00 $1,211.88 $216,631.46
135 $216,631.46 $1,085.18 $0.00 $1,224.87 $218,941.51
136 $218,941.51 $1,085.18 $0.00 $1,237.93 $221,264.62
137 $221,264.62 $1,085.18 $0.00 $1,251.06 $223,600.86
138 $223,600.86 $1,085.18 $0.00 $1,264.27 $225,950.31
139 $225,950.31 $1,085.18 $0.00 $1,277.56 $228,313.05
140 $228,313.05 $1,085.18 $0.00 $1,290.92 $230,689.15
141 $230,689.15 $1,085.18 $0.00 $1,304.35 $233,078.68
142 $233,078.68 $1,085.18 $0.00 $1,317.86 $235,481.72
143 $235,481.72 $1,085.18 $0.00 $1,331.45 $237,898.35
144 $237,898.35 $1,085.18 $0.00 $1,345.11 $240,328.64
145 $240,328.64 $1,085.18 $0.00 $1,358.85 $242,772.67
146 $242,772.67 $1,085.18 $0.00 $1,372.67 $245,230.52
147 $245,230.52 $1,085.18 $0.00 $1,386.57 $247,702.27
148 $247,702.27 $1,085.18 $0.00 $1,400.54 $250,187.99
149 $250,187.99 $1,085.18 $0.00 $1,414.60 $252,687.77
150 $252,687.77 $1,085.18 $0.00 $1,428.73 $255,201.68
151 $255,201.68 $1,085.18 $0.00 $1,442.95 $257,729.81
152 $257,729.81 $1,085.18 $0.00 $1,457.24 $260,272.23
153 $260,272.23 $1,085.18 $0.00 $1,471.62 $262,829.03
154 $262,829.03 $1,085.18 $0.00 $1,486.07 $265,400.28
155 $265,400.28 $1,085.18 $0.00 $1,500.61 $267,986.07
156 $267,986.07 $1,085.18 $0.00 $1,515.23 $270,586.48
157 $270,586.48 $1,085.18 $0.00 $1,529.94 $273,201.60
158 $273,201.60 $1,085.18 $0.00 $1,544.72 $275,831.50
159 $275,831.50 $1,085.18 $0.00 $1,559.59 $278,476.27
160 $278,476.27 $1,085.18 $0.00 $1,574.55 $281,136.00
161 $281,136.00 $1,085.18 $0.00 $1,589.58 $283,810.76
162 $283,810.76 $1,085.18 $0.00 $1,604.71 $286,500.65
163 $286,500.65 $1,085.18 $0.00 $1,619.92 $289,205.75
164 $289,205.75 $1,085.18 $0.00 $1,635.21 $291,926.14
165 $291,926.14 $1,085.18 $0.00 $1,650.59 $294,661.91
166 $294,661.91 $1,085.18 $0.00 $1,666.06 $297,413.15
167 $297,413.15 $1,085.18 $0.00 $1,681.62 $300,179.95
168 $300,179.95 $1,085.18 $0.00 $1,697.26 $302,962.39
169 $302,962.39 $1,085.18 $0.00 $1,712.99 $305,760.56
170 $305,760.56 $1,085.18 $0.00 $1,728.81 $308,574.55
171 $308,574.55 $1,085.18 $0.00 $1,744.73 $311,404.46
172 $311,404.46 $1,085.18 $0.00 $1,760.73 $314,250.37
173 $314,250.37 $1,085.18 $0.00 $1,776.82 $317,112.37
174 $317,112.37 $1,085.18 $0.00 $1,793.00 $319,990.55
175 $319,990.55 $1,085.18 $0.00 $1,809.27 $322,885.00
176 $322,885.00 $1,085.18 $0.00 $1,825.64 $325,795.82
177 $325,795.82 $1,085.18 $0.00 $1,842.10 $328,723.10
178 $328,723.10 $1,085.18 $0.00 $1,858.65 $331,666.93
179 $331,666.93 $1,085.18 $0.00 $1,875.29 $334,627.40
180 $334,627.40 $1,085.18 $0.00 $1,892.03 $337,604.61
181 $337,604.61 $1,085.18 $0.00 $1,908.87 $340,598.66
182 $340,598.66 $1,085.18 $0.00 $1,925.79 $343,609.63
183 $343,609.63 $1,085.18 $0.00 $1,942.82 $346,637.63
184 $346,637.63 $1,085.18 $0.00 $1,959.94 $349,682.75
185 $349,682.75 $1,085.18 $0.00 $1,977.16 $352,745.09
186 $352,745.09 $1,085.18 $0.00 $1,994.47 $355,824.74
187 $355,824.74 $1,085.18 $0.00 $2,011.88 $358,921.80
188 $358,921.80 $1,085.18 $0.00 $2,029.40 $362,036.38
189 $362,036.38 $1,085.18 $0.00 $2,047.01 $365,168.57
190 $365,168.57 $1,085.18 $0.00 $2,064.72 $368,318.47
191 $368,318.47 $1,085.18 $0.00 $2,082.53 $371,486.18
192 $371,486.18 $1,085.18 $0.00 $2,100.44 $374,671.80
193 $374,671.80 $1,085.18 $0.00 $2,118.45 $377,875.43
194 $377,875.43 $1,085.18 $0.00 $2,136.56 $381,097.17
195 $381,097.17 $1,085.18 $0.00 $2,154.78 $384,337.13
196 $384,337.13 $1,085.18 $0.00 $2,173.10 $387,595.41
197 $387,595.41 $1,085.18 $0.00 $2,191.52 $390,872.11
198 $390,872.11 $1,085.18 $0.00 $2,210.05 $394,167.34
199 $394,167.34 $1,085.18 $0.00 $2,228.68 $397,481.20
200 $397,481.20 $1,085.18 $0.00 $2,247.42 $400,813.80
201 $400,813.80 $1,085.18 $0.00 $2,266.26 $404,165.24
202 $404,165.24 $1,085.18 $0.00 $2,285.21 $407,535.63
203 $407,535.63 $1,085.18 $0.00 $2,304.27 $410,925.08
204 $410,925.08 $1,085.18 $0.00 $2,323.43 $414,333.69
205 $414,333.69 $1,085.18 $0.00 $2,342.70 $417,761.57
206 $417,761.57 $1,085.18 $0.00 $2,362.08 $421,208.83
207 $421,208.83 $1,085.18 $0.00 $2,381.58 $424,675.59
208 $424,675.59 $1,085.18 $0.00 $2,401.18 $428,161.95
209 $428,161.95 $1,085.18 $0.00 $2,420.89 $431,668.02
210 $431,668.02 $1,085.18 $0.00 $2,440.71 $435,193.91
211 $435,193.91 $1,085.18 $0.00 $2,460.65 $438,739.74
212 $438,739.74 $1,085.18 $0.00 $2,480.70 $442,305.62
213 $442,305.62 $1,085.18 $0.00 $2,500.86 $445,891.66
214 $445,891.66 $1,085.18 $0.00 $2,521.14 $449,497.98
215 $449,497.98 $1,085.18 $0.00 $2,541.53 $453,124.69
216 $453,124.69 $1,085.18 $0.00 $2,562.03 $456,771.90
217 $456,771.90 $1,085.18 $127,225.93 $2,582.65 $333,213.80
218 $333,213.80 $1,085.18 $0.00 $1,884.04 $336,183.02
219 $336,183.02 $1,085.18 $0.00 $1,900.83 $339,169.03
220 $339,169.03 $1,085.18 $0.00 $1,917.71 $342,171.92
221 $342,171.92 $1,085.18 $0.00 $1,934.69 $345,191.79
222 $345,191.79 $1,085.18 $0.00 $1,951.76 $348,228.73
223 $348,228.73 $1,085.18 $0.00 $1,968.94 $351,282.85
224 $351,282.85 $1,085.18 $0.00 $1,986.20 $354,354.23
225 $354,354.23 $1,085.18 $0.00 $2,003.57 $357,442.98
226 $357,442.98 $1,085.18 $0.00 $2,021.03 $360,549.19
227 $360,549.19 $1,085.18 $0.00 $2,038.60 $363,672.97
228 $363,672.97 $1,085.18 $0.00 $2,056.26 $366,814.41
229 $366,814.41 $1,085.18 $133,587.22 $2,074.02 $236,386.39
230 $236,386.39 $1,085.18 $0.00 $1,336.56 $238,808.13
231 $238,808.13 $1,085.18 $0.00 $1,350.26 $241,243.57
232 $241,243.57 $1,085.18 $0.00 $1,364.03 $243,692.78
233 $243,692.78 $1,085.18 $0.00 $1,377.87 $246,155.83
234 $246,155.83 $1,085.18 $0.00 $1,391.80 $248,632.81
235 $248,632.81 $1,085.18 $0.00 $1,405.81 $251,123.80
236 $251,123.80 $1,085.18 $0.00 $1,419.89 $253,628.87
237 $253,628.87 $1,085.18 $0.00 $1,434.05 $256,148.10
238 $256,148.10 $1,085.18 $0.00 $1,448.30 $258,681.58
239 $258,681.58 $1,085.18 $0.00 $1,462.62 $261,229.38
240 $261,229.38 $1,085.18 $0.00 $1,477.03 $263,791.59
241 $263,791.59 $1,085.18 $140,266.58 $1,491.52 $126,101.71
242 $126,101.71 $1,085.18 $0.00 $713.00 $127,899.89
243 $127,899.89 $1,085.18 $0.00 $723.16 $129,708.23
244 $129,708.23 $1,085.18 $0.00 $733.39 $131,526.80
245 $131,526.80 $1,085.18 $0.00 $743.67 $133,355.65
246 $133,355.65 $1,085.18 $0.00 $754.01 $135,194.84
247 $135,194.84 $1,085.18 $0.00 $764.41 $137,044.43
248 $137,044.43 $1,085.18 $0.00 $774.87 $138,904.48
249 $138,904.48 $1,085.18 $0.00 $785.39 $140,775.05
250 $140,775.05 $1,085.18 $0.00 $795.96 $142,656.19
251 $142,656.19 $1,085.18 $0.00 $806.60 $144,547.97
252 $144,547.97 $1,085.18 $0.00 $817.30 $146,450.45
253 $146,450.45 $0.00 $147,279.91 $828.05 ($1.41)