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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$124,733
Monthly savings required$987

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 $498,933.11 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $987.37 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$48,100.00
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 $987.37 $0.00 $0.00 $987.37
2 $987.37 $987.37 $0.00 $5.58 $1,980.32
3 $1,980.32 $987.37 $0.00 $11.20 $2,978.89
4 $2,978.89 $987.37 $0.00 $16.84 $3,983.10
5 $3,983.10 $987.37 $0.00 $22.52 $4,992.99
6 $4,992.99 $987.37 $0.00 $28.23 $6,008.59
7 $6,008.59 $987.37 $0.00 $33.97 $7,029.93
8 $7,029.93 $987.37 $0.00 $39.75 $8,057.05
9 $8,057.05 $987.37 $0.00 $45.56 $9,089.98
10 $9,089.98 $987.37 $0.00 $51.40 $10,128.75
11 $10,128.75 $987.37 $0.00 $57.27 $11,173.39
12 $11,173.39 $987.37 $0.00 $63.18 $12,223.94
13 $12,223.94 $987.37 $0.00 $69.12 $13,280.43
14 $13,280.43 $987.37 $0.00 $75.09 $14,342.89
15 $14,342.89 $987.37 $0.00 $81.10 $15,411.36
16 $15,411.36 $987.37 $0.00 $87.14 $16,485.87
17 $16,485.87 $987.37 $0.00 $93.21 $17,566.45
18 $17,566.45 $987.37 $0.00 $99.32 $18,653.14
19 $18,653.14 $987.37 $0.00 $105.47 $19,745.98
20 $19,745.98 $987.37 $0.00 $111.65 $20,845.00
21 $20,845.00 $987.37 $0.00 $117.86 $21,950.23
22 $21,950.23 $987.37 $0.00 $124.11 $23,061.71
23 $23,061.71 $987.37 $0.00 $130.39 $24,179.47
24 $24,179.47 $987.37 $0.00 $136.71 $25,303.55
25 $25,303.55 $987.37 $0.00 $143.07 $26,433.99
26 $26,433.99 $987.37 $0.00 $149.46 $27,570.82
27 $27,570.82 $987.37 $0.00 $155.89 $28,714.08
28 $28,714.08 $987.37 $0.00 $162.35 $29,863.80
29 $29,863.80 $987.37 $0.00 $168.85 $31,020.02
30 $31,020.02 $987.37 $0.00 $175.39 $32,182.78
31 $32,182.78 $987.37 $0.00 $181.97 $33,352.12
32 $33,352.12 $987.37 $0.00 $188.58 $34,528.07
33 $34,528.07 $987.37 $0.00 $195.23 $35,710.67
34 $35,710.67 $987.37 $0.00 $201.91 $36,899.95
35 $36,899.95 $987.37 $0.00 $208.64 $38,095.96
36 $38,095.96 $987.37 $0.00 $215.40 $39,298.73
37 $39,298.73 $987.37 $0.00 $222.20 $40,508.30
38 $40,508.30 $987.37 $0.00 $229.04 $41,724.71
39 $41,724.71 $987.37 $0.00 $235.92 $42,948.00
40 $42,948.00 $987.37 $0.00 $242.83 $44,178.20
41 $44,178.20 $987.37 $0.00 $249.79 $45,415.36
42 $45,415.36 $987.37 $0.00 $256.79 $46,659.52
43 $46,659.52 $987.37 $0.00 $263.82 $47,910.71
44 $47,910.71 $987.37 $0.00 $270.89 $49,168.97
45 $49,168.97 $987.37 $0.00 $278.01 $50,434.35
46 $50,434.35 $987.37 $0.00 $285.16 $51,706.88
47 $51,706.88 $987.37 $0.00 $292.36 $52,986.61
48 $52,986.61 $987.37 $0.00 $299.59 $54,273.57
49 $54,273.57 $987.37 $0.00 $306.87 $55,567.81
50 $55,567.81 $987.37 $0.00 $314.19 $56,869.37
51 $56,869.37 $987.37 $0.00 $321.55 $58,178.29
52 $58,178.29 $987.37 $0.00 $328.95 $59,494.61
53 $59,494.61 $987.37 $0.00 $336.39 $60,818.37
54 $60,818.37 $987.37 $0.00 $343.88 $62,149.62
55 $62,149.62 $987.37 $0.00 $351.40 $63,488.39
56 $63,488.39 $987.37 $0.00 $358.97 $64,834.73
57 $64,834.73 $987.37 $0.00 $366.58 $66,188.68
58 $66,188.68 $987.37 $0.00 $374.24 $67,550.29
59 $67,550.29 $987.37 $0.00 $381.94 $68,919.60
60 $68,919.60 $987.37 $0.00 $389.68 $70,296.65
61 $70,296.65 $987.37 $0.00 $397.47 $71,681.49
62 $71,681.49 $987.37 $0.00 $405.30 $73,074.16
63 $73,074.16 $987.37 $0.00 $413.17 $74,474.70
64 $74,474.70 $987.37 $0.00 $421.09 $75,883.16
65 $75,883.16 $987.37 $0.00 $429.05 $77,299.58
66 $77,299.58 $987.37 $0.00 $437.06 $78,724.01
67 $78,724.01 $987.37 $0.00 $445.12 $80,156.50
68 $80,156.50 $987.37 $0.00 $453.22 $81,597.09
69 $81,597.09 $987.37 $0.00 $461.36 $83,045.82
70 $83,045.82 $987.37 $0.00 $469.55 $84,502.74
71 $84,502.74 $987.37 $0.00 $477.79 $85,967.90
72 $85,967.90 $987.37 $0.00 $486.08 $87,441.35
73 $87,441.35 $987.37 $0.00 $494.41 $88,923.13
74 $88,923.13 $987.37 $0.00 $502.78 $90,413.28
75 $90,413.28 $987.37 $0.00 $511.21 $91,911.86
76 $91,911.86 $987.37 $0.00 $519.68 $93,418.91
77 $93,418.91 $987.37 $0.00 $528.20 $94,934.48
78 $94,934.48 $987.37 $0.00 $536.77 $96,458.62
79 $96,458.62 $987.37 $0.00 $545.39 $97,991.38
80 $97,991.38 $987.37 $0.00 $554.06 $99,532.81
81 $99,532.81 $987.37 $0.00 $562.77 $101,082.95
82 $101,082.95 $987.37 $0.00 $571.54 $102,641.86
83 $102,641.86 $987.37 $0.00 $580.35 $104,209.58
84 $104,209.58 $987.37 $0.00 $589.22 $105,786.17
85 $105,786.17 $987.37 $0.00 $598.13 $107,371.67
86 $107,371.67 $987.37 $0.00 $607.10 $108,966.14
87 $108,966.14 $987.37 $0.00 $616.11 $110,569.62
88 $110,569.62 $987.37 $0.00 $625.18 $112,182.17
89 $112,182.17 $987.37 $0.00 $634.29 $113,803.83
90 $113,803.83 $987.37 $0.00 $643.46 $115,434.66
91 $115,434.66 $987.37 $0.00 $652.68 $117,074.71
92 $117,074.71 $987.37 $0.00 $661.96 $118,724.04
93 $118,724.04 $987.37 $0.00 $671.28 $120,382.69
94 $120,382.69 $987.37 $0.00 $680.66 $122,050.72
95 $122,050.72 $987.37 $0.00 $690.09 $123,728.18
96 $123,728.18 $987.37 $0.00 $699.58 $125,415.13
97 $125,415.13 $987.37 $0.00 $709.12 $127,111.62
98 $127,111.62 $987.37 $0.00 $718.71 $128,817.70
99 $128,817.70 $987.37 $0.00 $728.35 $130,533.42
100 $130,533.42 $987.37 $0.00 $738.05 $132,258.84
101 $132,258.84 $987.37 $0.00 $747.81 $133,994.02
102 $133,994.02 $987.37 $0.00 $757.62 $135,739.01
103 $135,739.01 $987.37 $0.00 $767.49 $137,493.87
104 $137,493.87 $987.37 $0.00 $777.41 $139,258.65
105 $139,258.65 $987.37 $0.00 $787.39 $141,033.41
106 $141,033.41 $987.37 $0.00 $797.42 $142,818.20
107 $142,818.20 $987.37 $0.00 $807.51 $144,613.08
108 $144,613.08 $987.37 $0.00 $817.66 $146,418.11
109 $146,418.11 $987.37 $0.00 $827.87 $148,233.35
110 $148,233.35 $987.37 $0.00 $838.13 $150,058.85
111 $150,058.85 $987.37 $0.00 $848.45 $151,894.67
112 $151,894.67 $987.37 $0.00 $858.83 $153,740.87
113 $153,740.87 $987.37 $0.00 $869.27 $155,597.51
114 $155,597.51 $987.37 $0.00 $879.77 $157,464.65
115 $157,464.65 $987.37 $0.00 $890.33 $159,342.35
116 $159,342.35 $987.37 $0.00 $900.94 $161,230.66
117 $161,230.66 $987.37 $0.00 $911.62 $163,129.65
118 $163,129.65 $987.37 $0.00 $922.36 $165,039.38
119 $165,039.38 $987.37 $0.00 $933.16 $166,959.91
120 $166,959.91 $987.37 $0.00 $944.02 $168,891.30
121 $168,891.30 $987.37 $0.00 $954.94 $170,833.61
122 $170,833.61 $987.37 $0.00 $965.92 $172,786.90
123 $172,786.90 $987.37 $0.00 $976.96 $174,751.23
124 $174,751.23 $987.37 $0.00 $988.07 $176,726.67
125 $176,726.67 $987.37 $0.00 $999.24 $178,713.28
126 $178,713.28 $987.37 $0.00 $1,010.47 $180,711.12
127 $180,711.12 $987.37 $0.00 $1,021.77 $182,720.26
128 $182,720.26 $987.37 $0.00 $1,033.13 $184,740.76
129 $184,740.76 $987.37 $0.00 $1,044.55 $186,772.68
130 $186,772.68 $987.37 $0.00 $1,056.04 $188,816.09
131 $188,816.09 $987.37 $0.00 $1,067.59 $190,871.05
132 $190,871.05 $987.37 $0.00 $1,079.21 $192,937.63
133 $192,937.63 $987.37 $0.00 $1,090.90 $195,015.90
134 $195,015.90 $987.37 $0.00 $1,102.65 $197,105.92
135 $197,105.92 $987.37 $0.00 $1,114.47 $199,207.76
136 $199,207.76 $987.37 $0.00 $1,126.35 $201,321.48
137 $201,321.48 $987.37 $0.00 $1,138.30 $203,447.15
138 $203,447.15 $987.37 $0.00 $1,150.32 $205,584.84
139 $205,584.84 $987.37 $0.00 $1,162.41 $207,734.62
140 $207,734.62 $987.37 $0.00 $1,174.56 $209,896.55
141 $209,896.55 $987.37 $0.00 $1,186.79 $212,070.71
142 $212,070.71 $987.37 $0.00 $1,199.08 $214,257.16
143 $214,257.16 $987.37 $0.00 $1,211.44 $216,455.97
144 $216,455.97 $987.37 $0.00 $1,223.87 $218,667.21
145 $218,667.21 $987.37 $0.00 $1,236.38 $220,890.96
146 $220,890.96 $987.37 $0.00 $1,248.95 $223,127.28
147 $223,127.28 $987.37 $0.00 $1,261.59 $225,376.24
148 $225,376.24 $987.37 $0.00 $1,274.31 $227,637.92
149 $227,637.92 $987.37 $0.00 $1,287.10 $229,912.39
150 $229,912.39 $987.37 $0.00 $1,299.96 $232,199.72
151 $232,199.72 $987.37 $0.00 $1,312.89 $234,499.98
152 $234,499.98 $987.37 $0.00 $1,325.90 $236,813.25
153 $236,813.25 $987.37 $0.00 $1,338.98 $239,139.60
154 $239,139.60 $987.37 $0.00 $1,352.13 $241,479.10
155 $241,479.10 $987.37 $0.00 $1,365.36 $243,831.83
156 $243,831.83 $987.37 $0.00 $1,378.66 $246,197.86
157 $246,197.86 $987.37 $0.00 $1,392.04 $248,577.27
158 $248,577.27 $987.37 $0.00 $1,405.49 $250,970.13
159 $250,970.13 $987.37 $0.00 $1,419.02 $253,376.52
160 $253,376.52 $987.37 $0.00 $1,432.63 $255,796.52
161 $255,796.52 $987.37 $0.00 $1,446.31 $258,230.20
162 $258,230.20 $987.37 $0.00 $1,460.07 $260,677.64
163 $260,677.64 $987.37 $0.00 $1,473.91 $263,138.92
164 $263,138.92 $987.37 $0.00 $1,487.83 $265,614.12
165 $265,614.12 $987.37 $0.00 $1,501.82 $268,103.31
166 $268,103.31 $987.37 $0.00 $1,515.90 $270,606.58
167 $270,606.58 $987.37 $0.00 $1,530.05 $273,124.00
168 $273,124.00 $987.37 $0.00 $1,544.28 $275,655.65
169 $275,655.65 $987.37 $0.00 $1,558.60 $278,201.62
170 $278,201.62 $987.37 $0.00 $1,572.99 $280,761.98
171 $280,761.98 $987.37 $0.00 $1,587.47 $283,336.82
172 $283,336.82 $987.37 $0.00 $1,602.03 $285,926.22
173 $285,926.22 $987.37 $0.00 $1,616.67 $288,530.26
174 $288,530.26 $987.37 $0.00 $1,631.39 $291,149.02
175 $291,149.02 $987.37 $0.00 $1,646.20 $293,782.59
176 $293,782.59 $987.37 $0.00 $1,661.09 $296,431.05
177 $296,431.05 $987.37 $0.00 $1,676.06 $299,094.48
178 $299,094.48 $987.37 $0.00 $1,691.12 $301,772.97
179 $301,772.97 $987.37 $0.00 $1,706.27 $304,466.61
180 $304,466.61 $987.37 $0.00 $1,721.50 $307,175.48
181 $307,175.48 $987.37 $0.00 $1,736.81 $309,899.66
182 $309,899.66 $987.37 $0.00 $1,752.22 $312,639.25
183 $312,639.25 $987.37 $0.00 $1,767.71 $315,394.33
184 $315,394.33 $987.37 $0.00 $1,783.29 $318,164.99
185 $318,164.99 $987.37 $0.00 $1,798.95 $320,951.31
186 $320,951.31 $987.37 $0.00 $1,814.71 $323,753.39
187 $323,753.39 $987.37 $0.00 $1,830.55 $326,571.31
188 $326,571.31 $987.37 $0.00 $1,846.48 $329,405.16
189 $329,405.16 $987.37 $0.00 $1,862.50 $332,255.03
190 $332,255.03 $987.37 $0.00 $1,878.62 $335,121.02
191 $335,121.02 $987.37 $0.00 $1,894.82 $338,003.21
192 $338,003.21 $987.37 $0.00 $1,911.12 $340,901.70
193 $340,901.70 $987.37 $0.00 $1,927.51 $343,816.58
194 $343,816.58 $987.37 $0.00 $1,943.99 $346,747.94
195 $346,747.94 $987.37 $0.00 $1,960.56 $349,695.87
196 $349,695.87 $987.37 $0.00 $1,977.23 $352,660.47
197 $352,660.47 $987.37 $0.00 $1,993.99 $355,641.83
198 $355,641.83 $987.37 $0.00 $2,010.85 $358,640.05
199 $358,640.05 $987.37 $0.00 $2,027.80 $361,655.22
200 $361,655.22 $987.37 $0.00 $2,044.85 $364,687.44
201 $364,687.44 $987.37 $0.00 $2,062.00 $367,736.81
202 $367,736.81 $987.37 $0.00 $2,079.24 $370,803.42
203 $370,803.42 $987.37 $0.00 $2,096.58 $373,887.37
204 $373,887.37 $987.37 $0.00 $2,114.01 $376,988.75
205 $376,988.75 $987.37 $0.00 $2,131.55 $380,107.67
206 $380,107.67 $987.37 $0.00 $2,149.18 $383,244.22
207 $383,244.22 $987.37 $0.00 $2,166.92 $386,398.51
208 $386,398.51 $987.37 $0.00 $2,184.75 $389,570.63
209 $389,570.63 $987.37 $0.00 $2,202.69 $392,760.69
210 $392,760.69 $987.37 $0.00 $2,220.73 $395,968.79
211 $395,968.79 $987.37 $0.00 $2,238.87 $399,195.03
212 $399,195.03 $987.37 $0.00 $2,257.11 $402,439.51
213 $402,439.51 $987.37 $0.00 $2,275.45 $405,702.33
214 $405,702.33 $987.37 $0.00 $2,293.90 $408,983.60
215 $408,983.60 $987.37 $0.00 $2,312.45 $412,283.42
216 $412,283.42 $987.37 $0.00 $2,331.11 $415,601.90
217 $415,601.90 $987.37 $115,758.39 $2,349.87 $303,180.75
218 $303,180.75 $987.37 $0.00 $1,714.23 $305,882.35
219 $305,882.35 $987.37 $0.00 $1,729.50 $308,599.22
220 $308,599.22 $987.37 $0.00 $1,744.86 $311,331.45
221 $311,331.45 $987.37 $0.00 $1,760.31 $314,079.13
222 $314,079.13 $987.37 $0.00 $1,775.85 $316,842.35
223 $316,842.35 $987.37 $0.00 $1,791.47 $319,621.19
224 $319,621.19 $987.37 $0.00 $1,807.18 $322,415.74
225 $322,415.74 $987.37 $0.00 $1,822.99 $325,226.10
226 $325,226.10 $987.37 $0.00 $1,838.88 $328,052.35
227 $328,052.35 $987.37 $0.00 $1,854.86 $330,894.58
228 $330,894.58 $987.37 $0.00 $1,870.93 $333,752.88
229 $333,752.88 $987.37 $121,546.30 $1,887.09 $215,081.04
230 $215,081.04 $987.37 $0.00 $1,216.10 $217,284.51
231 $217,284.51 $987.37 $0.00 $1,228.56 $219,500.44
232 $219,500.44 $987.37 $0.00 $1,241.09 $221,728.90
233 $221,728.90 $987.37 $0.00 $1,253.69 $223,969.96
234 $223,969.96 $987.37 $0.00 $1,266.36 $226,223.69
235 $226,223.69 $987.37 $0.00 $1,279.10 $228,490.16
236 $228,490.16 $987.37 $0.00 $1,291.92 $230,769.45
237 $230,769.45 $987.37 $0.00 $1,304.80 $233,061.62
238 $233,061.62 $987.37 $0.00 $1,317.76 $235,366.75
239 $235,366.75 $987.37 $0.00 $1,330.80 $237,684.92
240 $237,684.92 $987.37 $0.00 $1,343.91 $240,016.20
241 $240,016.20 $987.37 $127,623.62 $1,357.09 $114,737.04
242 $114,737.04 $987.37 $0.00 $648.74 $116,373.15
243 $116,373.15 $987.37 $0.00 $657.99 $118,018.51
244 $118,018.51 $987.37 $0.00 $667.29 $119,673.17
245 $119,673.17 $987.37 $0.00 $676.65 $121,337.19
246 $121,337.19 $987.37 $0.00 $686.06 $123,010.62
247 $123,010.62 $987.37 $0.00 $695.52 $124,693.51
248 $124,693.51 $987.37 $0.00 $705.04 $126,385.92
249 $126,385.92 $987.37 $0.00 $714.60 $128,087.89
250 $128,087.89 $987.37 $0.00 $724.23 $129,799.49
251 $129,799.49 $987.37 $0.00 $733.91 $131,520.77
252 $131,520.77 $987.37 $0.00 $743.64 $133,251.78
253 $133,251.78 $0.00 $134,004.80 $753.42 $0.40