Savings Plan and Future Cost Estimation for DigiPen Institute of Technology

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$204,256
Monthly savings required$1,614

How much will it cost to send your child to DigiPen Institute of Technology in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $817,025.14 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,614.28 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$54,444.00
Years until enrollment18
Annual Tuition Increase7%
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 $1,614.28 $0.00 $0.00 $1,614.28
2 $1,614.28 $1,614.28 $0.00 $9.13 $3,237.69
3 $3,237.69 $1,614.28 $0.00 $18.31 $4,870.28
4 $4,870.28 $1,614.28 $0.00 $27.54 $6,512.10
5 $6,512.10 $1,614.28 $0.00 $36.82 $8,163.20
6 $8,163.20 $1,614.28 $0.00 $46.16 $9,823.64
7 $9,823.64 $1,614.28 $0.00 $55.54 $11,493.46
8 $11,493.46 $1,614.28 $0.00 $64.99 $13,172.73
9 $13,172.73 $1,614.28 $0.00 $74.48 $14,861.49
10 $14,861.49 $1,614.28 $0.00 $84.03 $16,559.80
11 $16,559.80 $1,614.28 $0.00 $93.63 $18,267.71
12 $18,267.71 $1,614.28 $0.00 $103.29 $19,985.28
13 $19,985.28 $1,614.28 $0.00 $113.00 $21,712.56
14 $21,712.56 $1,614.28 $0.00 $122.77 $23,449.61
15 $23,449.61 $1,614.28 $0.00 $132.59 $25,196.48
16 $25,196.48 $1,614.28 $0.00 $142.46 $26,953.22
17 $26,953.22 $1,614.28 $0.00 $152.40 $28,719.90
18 $28,719.90 $1,614.28 $0.00 $162.39 $30,496.57
19 $30,496.57 $1,614.28 $0.00 $172.43 $32,283.28
20 $32,283.28 $1,614.28 $0.00 $182.53 $34,080.09
21 $34,080.09 $1,614.28 $0.00 $192.69 $35,887.06
22 $35,887.06 $1,614.28 $0.00 $202.91 $37,704.25
23 $37,704.25 $1,614.28 $0.00 $213.19 $39,531.72
24 $39,531.72 $1,614.28 $0.00 $223.52 $41,369.52
25 $41,369.52 $1,614.28 $0.00 $233.91 $43,217.71
26 $43,217.71 $1,614.28 $0.00 $244.36 $45,076.35
27 $45,076.35 $1,614.28 $0.00 $254.87 $46,945.50
28 $46,945.50 $1,614.28 $0.00 $265.44 $48,825.22
29 $48,825.22 $1,614.28 $0.00 $276.06 $50,715.56
30 $50,715.56 $1,614.28 $0.00 $286.75 $52,616.59
31 $52,616.59 $1,614.28 $0.00 $297.50 $54,528.37
32 $54,528.37 $1,614.28 $0.00 $308.31 $56,450.96
33 $56,450.96 $1,614.28 $0.00 $319.18 $58,384.42
34 $58,384.42 $1,614.28 $0.00 $330.11 $60,328.81
35 $60,328.81 $1,614.28 $0.00 $341.11 $62,284.20
36 $62,284.20 $1,614.28 $0.00 $352.16 $64,250.64
37 $64,250.64 $1,614.28 $0.00 $363.28 $66,228.20
38 $66,228.20 $1,614.28 $0.00 $374.46 $68,216.94
39 $68,216.94 $1,614.28 $0.00 $385.71 $70,216.93
40 $70,216.93 $1,614.28 $0.00 $397.02 $72,228.23
41 $72,228.23 $1,614.28 $0.00 $408.39 $74,250.90
42 $74,250.90 $1,614.28 $0.00 $419.83 $76,285.01
43 $76,285.01 $1,614.28 $0.00 $431.33 $78,330.62
44 $78,330.62 $1,614.28 $0.00 $442.89 $80,387.79
45 $80,387.79 $1,614.28 $0.00 $454.52 $82,456.59
46 $82,456.59 $1,614.28 $0.00 $466.22 $84,537.09
47 $84,537.09 $1,614.28 $0.00 $477.98 $86,629.35
48 $86,629.35 $1,614.28 $0.00 $489.81 $88,733.44
49 $88,733.44 $1,614.28 $0.00 $501.71 $90,849.43
50 $90,849.43 $1,614.28 $0.00 $513.68 $92,977.39
51 $92,977.39 $1,614.28 $0.00 $525.71 $95,117.38
52 $95,117.38 $1,614.28 $0.00 $537.81 $97,269.47
53 $97,269.47 $1,614.28 $0.00 $549.98 $99,433.73
54 $99,433.73 $1,614.28 $0.00 $562.21 $101,610.22
55 $101,610.22 $1,614.28 $0.00 $574.52 $103,799.02
56 $103,799.02 $1,614.28 $0.00 $586.89 $106,000.19
57 $106,000.19 $1,614.28 $0.00 $599.34 $108,213.81
58 $108,213.81 $1,614.28 $0.00 $611.86 $110,439.95
59 $110,439.95 $1,614.28 $0.00 $624.44 $112,678.67
60 $112,678.67 $1,614.28 $0.00 $637.10 $114,930.05
61 $114,930.05 $1,614.28 $0.00 $649.83 $117,194.16
62 $117,194.16 $1,614.28 $0.00 $662.63 $119,471.07
63 $119,471.07 $1,614.28 $0.00 $675.51 $121,760.86
64 $121,760.86 $1,614.28 $0.00 $688.45 $124,063.59
65 $124,063.59 $1,614.28 $0.00 $701.47 $126,379.34
66 $126,379.34 $1,614.28 $0.00 $714.57 $128,708.19
67 $128,708.19 $1,614.28 $0.00 $727.73 $131,050.20
68 $131,050.20 $1,614.28 $0.00 $740.98 $133,405.46
69 $133,405.46 $1,614.28 $0.00 $754.29 $135,774.03
70 $135,774.03 $1,614.28 $0.00 $767.69 $138,156.00
71 $138,156.00 $1,614.28 $0.00 $781.15 $140,551.43
72 $140,551.43 $1,614.28 $0.00 $794.70 $142,960.41
73 $142,960.41 $1,614.28 $0.00 $808.32 $145,383.01
74 $145,383.01 $1,614.28 $0.00 $822.02 $147,819.31
75 $147,819.31 $1,614.28 $0.00 $835.79 $150,269.38
76 $150,269.38 $1,614.28 $0.00 $849.64 $152,733.30
77 $152,733.30 $1,614.28 $0.00 $863.58 $155,211.16
78 $155,211.16 $1,614.28 $0.00 $877.59 $157,703.03
79 $157,703.03 $1,614.28 $0.00 $891.68 $160,208.99
80 $160,208.99 $1,614.28 $0.00 $905.84 $162,729.11
81 $162,729.11 $1,614.28 $0.00 $920.09 $165,263.48
82 $165,263.48 $1,614.28 $0.00 $934.42 $167,812.18
83 $167,812.18 $1,614.28 $0.00 $948.83 $170,375.29
84 $170,375.29 $1,614.28 $0.00 $963.33 $172,952.90
85 $172,952.90 $1,614.28 $0.00 $977.90 $175,545.08
86 $175,545.08 $1,614.28 $0.00 $992.56 $178,151.92
87 $178,151.92 $1,614.28 $0.00 $1,007.30 $180,773.50
88 $180,773.50 $1,614.28 $0.00 $1,022.12 $183,409.90
89 $183,409.90 $1,614.28 $0.00 $1,037.03 $186,061.21
90 $186,061.21 $1,614.28 $0.00 $1,052.02 $188,727.51
91 $188,727.51 $1,614.28 $0.00 $1,067.09 $191,408.88
92 $191,408.88 $1,614.28 $0.00 $1,082.25 $194,105.41
93 $194,105.41 $1,614.28 $0.00 $1,097.50 $196,817.19
94 $196,817.19 $1,614.28 $0.00 $1,112.83 $199,544.30
95 $199,544.30 $1,614.28 $0.00 $1,128.25 $202,286.83
96 $202,286.83 $1,614.28 $0.00 $1,143.76 $205,044.87
97 $205,044.87 $1,614.28 $0.00 $1,159.35 $207,818.50
98 $207,818.50 $1,614.28 $0.00 $1,175.04 $210,607.82
99 $210,607.82 $1,614.28 $0.00 $1,190.81 $213,412.91
100 $213,412.91 $1,614.28 $0.00 $1,206.67 $216,233.86
101 $216,233.86 $1,614.28 $0.00 $1,222.62 $219,070.76
102 $219,070.76 $1,614.28 $0.00 $1,238.66 $221,923.70
103 $221,923.70 $1,614.28 $0.00 $1,254.79 $224,792.77
104 $224,792.77 $1,614.28 $0.00 $1,271.01 $227,678.06
105 $227,678.06 $1,614.28 $0.00 $1,287.32 $230,579.66
106 $230,579.66 $1,614.28 $0.00 $1,303.73 $233,497.67
107 $233,497.67 $1,614.28 $0.00 $1,320.23 $236,432.18
108 $236,432.18 $1,614.28 $0.00 $1,336.82 $239,383.28
109 $239,383.28 $1,614.28 $0.00 $1,353.51 $242,351.07
110 $242,351.07 $1,614.28 $0.00 $1,370.29 $245,335.64
111 $245,335.64 $1,614.28 $0.00 $1,387.16 $248,337.08
112 $248,337.08 $1,614.28 $0.00 $1,404.13 $251,355.49
113 $251,355.49 $1,614.28 $0.00 $1,421.20 $254,390.97
114 $254,390.97 $1,614.28 $0.00 $1,438.36 $257,443.61
115 $257,443.61 $1,614.28 $0.00 $1,455.62 $260,513.51
116 $260,513.51 $1,614.28 $0.00 $1,472.98 $263,600.77
117 $263,600.77 $1,614.28 $0.00 $1,490.44 $266,705.49
118 $266,705.49 $1,614.28 $0.00 $1,507.99 $269,827.76
119 $269,827.76 $1,614.28 $0.00 $1,525.65 $272,967.69
120 $272,967.69 $1,614.28 $0.00 $1,543.40 $276,125.37
121 $276,125.37 $1,614.28 $0.00 $1,561.25 $279,300.90
122 $279,300.90 $1,614.28 $0.00 $1,579.21 $282,494.39
123 $282,494.39 $1,614.28 $0.00 $1,597.26 $285,705.93
124 $285,705.93 $1,614.28 $0.00 $1,615.42 $288,935.63
125 $288,935.63 $1,614.28 $0.00 $1,633.68 $292,183.59
126 $292,183.59 $1,614.28 $0.00 $1,652.05 $295,449.92
127 $295,449.92 $1,614.28 $0.00 $1,670.52 $298,734.72
128 $298,734.72 $1,614.28 $0.00 $1,689.09 $302,038.09
129 $302,038.09 $1,614.28 $0.00 $1,707.77 $305,360.14
130 $305,360.14 $1,614.28 $0.00 $1,726.55 $308,700.97
131 $308,700.97 $1,614.28 $0.00 $1,745.44 $312,060.69
132 $312,060.69 $1,614.28 $0.00 $1,764.44 $315,439.41
133 $315,439.41 $1,614.28 $0.00 $1,783.54 $318,837.23
134 $318,837.23 $1,614.28 $0.00 $1,802.75 $322,254.26
135 $322,254.26 $1,614.28 $0.00 $1,822.07 $325,690.61
136 $325,690.61 $1,614.28 $0.00 $1,841.50 $329,146.39
137 $329,146.39 $1,614.28 $0.00 $1,861.04 $332,621.71
138 $332,621.71 $1,614.28 $0.00 $1,880.69 $336,116.68
139 $336,116.68 $1,614.28 $0.00 $1,900.45 $339,631.41
140 $339,631.41 $1,614.28 $0.00 $1,920.33 $343,166.02
141 $343,166.02 $1,614.28 $0.00 $1,940.31 $346,720.61
142 $346,720.61 $1,614.28 $0.00 $1,960.41 $350,295.30
143 $350,295.30 $1,614.28 $0.00 $1,980.62 $353,890.20
144 $353,890.20 $1,614.28 $0.00 $2,000.95 $357,505.43
145 $357,505.43 $1,614.28 $0.00 $2,021.39 $361,141.10
146 $361,141.10 $1,614.28 $0.00 $2,041.94 $364,797.32
147 $364,797.32 $1,614.28 $0.00 $2,062.62 $368,474.22
148 $368,474.22 $1,614.28 $0.00 $2,083.41 $372,171.91
149 $372,171.91 $1,614.28 $0.00 $2,104.31 $375,890.50
150 $375,890.50 $1,614.28 $0.00 $2,125.34 $379,630.12
151 $379,630.12 $1,614.28 $0.00 $2,146.48 $383,390.88
152 $383,390.88 $1,614.28 $0.00 $2,167.75 $387,172.91
153 $387,172.91 $1,614.28 $0.00 $2,189.13 $390,976.32
154 $390,976.32 $1,614.28 $0.00 $2,210.64 $394,801.24
155 $394,801.24 $1,614.28 $0.00 $2,232.26 $398,647.78
156 $398,647.78 $1,614.28 $0.00 $2,254.01 $402,516.07
157 $402,516.07 $1,614.28 $0.00 $2,275.88 $406,406.23
158 $406,406.23 $1,614.28 $0.00 $2,297.88 $410,318.39
159 $410,318.39 $1,614.28 $0.00 $2,320.00 $414,252.67
160 $414,252.67 $1,614.28 $0.00 $2,342.24 $418,209.19
161 $418,209.19 $1,614.28 $0.00 $2,364.62 $422,188.09
162 $422,188.09 $1,614.28 $0.00 $2,387.11 $426,189.48
163 $426,189.48 $1,614.28 $0.00 $2,409.74 $430,213.50
164 $430,213.50 $1,614.28 $0.00 $2,432.49 $434,260.27
165 $434,260.27 $1,614.28 $0.00 $2,455.37 $438,329.92
166 $438,329.92 $1,614.28 $0.00 $2,478.38 $442,422.58
167 $442,422.58 $1,614.28 $0.00 $2,501.52 $446,538.38
168 $446,538.38 $1,614.28 $0.00 $2,524.79 $450,677.45
169 $450,677.45 $1,614.28 $0.00 $2,548.20 $454,839.93
170 $454,839.93 $1,614.28 $0.00 $2,571.73 $459,025.94
171 $459,025.94 $1,614.28 $0.00 $2,595.40 $463,235.62
172 $463,235.62 $1,614.28 $0.00 $2,619.20 $467,469.10
173 $467,469.10 $1,614.28 $0.00 $2,643.14 $471,726.52
174 $471,726.52 $1,614.28 $0.00 $2,667.21 $476,008.01
175 $476,008.01 $1,614.28 $0.00 $2,691.42 $480,313.71
176 $480,313.71 $1,614.28 $0.00 $2,715.76 $484,643.75
177 $484,643.75 $1,614.28 $0.00 $2,740.25 $488,998.28
178 $488,998.28 $1,614.28 $0.00 $2,764.87 $493,377.43
179 $493,377.43 $1,614.28 $0.00 $2,789.63 $497,781.34
180 $497,781.34 $1,614.28 $0.00 $2,814.53 $502,210.15
181 $502,210.15 $1,614.28 $0.00 $2,839.57 $506,664.00
182 $506,664.00 $1,614.28 $0.00 $2,864.75 $511,143.03
183 $511,143.03 $1,614.28 $0.00 $2,890.08 $515,647.39
184 $515,647.39 $1,614.28 $0.00 $2,915.55 $520,177.22
185 $520,177.22 $1,614.28 $0.00 $2,941.16 $524,732.66
186 $524,732.66 $1,614.28 $0.00 $2,966.91 $529,313.85
187 $529,313.85 $1,614.28 $0.00 $2,992.82 $533,920.95
188 $533,920.95 $1,614.28 $0.00 $3,018.87 $538,554.10
189 $538,554.10 $1,614.28 $0.00 $3,045.06 $543,213.44
190 $543,213.44 $1,614.28 $0.00 $3,071.41 $547,899.13
191 $547,899.13 $1,614.28 $0.00 $3,097.90 $552,611.31
192 $552,611.31 $1,614.28 $0.00 $3,124.54 $557,350.13
193 $557,350.13 $1,614.28 $0.00 $3,151.34 $562,115.75
194 $562,115.75 $1,614.28 $0.00 $3,178.28 $566,908.31
195 $566,908.31 $1,614.28 $0.00 $3,205.38 $571,727.97
196 $571,727.97 $1,614.28 $0.00 $3,232.63 $576,574.88
197 $576,574.88 $1,614.28 $0.00 $3,260.04 $581,449.20
198 $581,449.20 $1,614.28 $0.00 $3,287.60 $586,351.08
199 $586,351.08 $1,614.28 $0.00 $3,315.31 $591,280.67
200 $591,280.67 $1,614.28 $0.00 $3,343.19 $596,238.14
201 $596,238.14 $1,614.28 $0.00 $3,371.22 $601,223.64
202 $601,223.64 $1,614.28 $0.00 $3,399.41 $606,237.33
203 $606,237.33 $1,614.28 $0.00 $3,427.75 $611,279.36
204 $611,279.36 $1,614.28 $0.00 $3,456.26 $616,349.90
205 $616,349.90 $1,614.28 $0.00 $3,484.93 $621,449.11
206 $621,449.11 $1,614.28 $0.00 $3,513.76 $626,577.15
207 $626,577.15 $1,614.28 $0.00 $3,542.76 $631,734.19
208 $631,734.19 $1,614.28 $0.00 $3,571.92 $636,920.39
209 $636,920.39 $1,614.28 $0.00 $3,601.24 $642,135.91
210 $642,135.91 $1,614.28 $0.00 $3,630.73 $647,380.92
211 $647,380.92 $1,614.28 $0.00 $3,660.39 $652,655.59
212 $652,655.59 $1,614.28 $0.00 $3,690.21 $657,960.08
213 $657,960.08 $1,614.28 $0.00 $3,720.20 $663,294.56
214 $663,294.56 $1,614.28 $0.00 $3,750.36 $668,659.20
215 $668,659.20 $1,614.28 $0.00 $3,780.70 $674,054.18
216 $674,054.18 $1,614.28 $0.00 $3,811.20 $679,479.66
217 $679,479.66 $1,614.28 $184,017.03 $3,841.88 $500,918.79
218 $500,918.79 $1,614.28 $0.00 $2,832.27 $505,365.34
219 $505,365.34 $1,614.28 $0.00 $2,857.41 $509,837.03
220 $509,837.03 $1,614.28 $0.00 $2,882.69 $514,334.00
221 $514,334.00 $1,614.28 $0.00 $2,908.12 $518,856.40
222 $518,856.40 $1,614.28 $0.00 $2,933.69 $523,404.37
223 $523,404.37 $1,614.28 $0.00 $2,959.40 $527,978.05
224 $527,978.05 $1,614.28 $0.00 $2,985.26 $532,577.59
225 $532,577.59 $1,614.28 $0.00 $3,011.27 $537,203.14
226 $537,203.14 $1,614.28 $0.00 $3,037.42 $541,854.84
227 $541,854.84 $1,614.28 $0.00 $3,063.73 $546,532.85
228 $546,532.85 $1,614.28 $0.00 $3,090.18 $551,237.31
229 $551,237.31 $1,614.28 $196,898.23 $3,116.78 $359,070.14
230 $359,070.14 $1,614.28 $0.00 $2,030.23 $362,714.65
231 $362,714.65 $1,614.28 $0.00 $2,050.84 $366,379.77
232 $366,379.77 $1,614.28 $0.00 $2,071.56 $370,065.61
233 $370,065.61 $1,614.28 $0.00 $2,092.40 $373,772.29
234 $373,772.29 $1,614.28 $0.00 $2,113.36 $377,499.93
235 $377,499.93 $1,614.28 $0.00 $2,134.44 $381,248.65
236 $381,248.65 $1,614.28 $0.00 $2,155.64 $385,018.57
237 $385,018.57 $1,614.28 $0.00 $2,176.95 $388,809.80
238 $388,809.80 $1,614.28 $0.00 $2,198.39 $392,622.47
239 $392,622.47 $1,614.28 $0.00 $2,219.94 $396,456.69
240 $396,456.69 $1,614.28 $0.00 $2,241.62 $400,312.59
241 $400,312.59 $1,614.28 $210,681.10 $2,263.43 $193,509.20
242 $193,509.20 $1,614.28 $0.00 $1,094.13 $196,217.61
243 $196,217.61 $1,614.28 $0.00 $1,109.44 $198,941.33
244 $198,941.33 $1,614.28 $0.00 $1,124.84 $201,680.45
245 $201,680.45 $1,614.28 $0.00 $1,140.33 $204,435.06
246 $204,435.06 $1,614.28 $0.00 $1,155.91 $207,205.25
247 $207,205.25 $1,614.28 $0.00 $1,171.57 $209,991.10
248 $209,991.10 $1,614.28 $0.00 $1,187.32 $212,792.70
249 $212,792.70 $1,614.28 $0.00 $1,203.16 $215,610.14
250 $215,610.14 $1,614.28 $0.00 $1,219.09 $218,443.51
251 $218,443.51 $1,614.28 $0.00 $1,235.11 $221,292.90
252 $221,292.90 $1,614.28 $0.00 $1,251.22 $224,158.40
253 $224,158.40 $0.00 $225,428.78 $1,267.42 -$2.96