Savings Plan and Future Cost Estimation for Davis & Elkins College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$112,509
Monthly savings required$891

How much will it cost to send your child to Davis & Elkins College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $450,035.59 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $890.61 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$43,386.00
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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Discover how much will you need to start saving now to afford Davis & Elkins College in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $890.61 $0.00 $0.00 $890.61
2 $890.61 $890.61 $0.00 $5.04 $1,786.26
3 $1,786.26 $890.61 $0.00 $10.10 $2,686.97
4 $2,686.97 $890.61 $0.00 $15.19 $3,592.77
5 $3,592.77 $890.61 $0.00 $20.31 $4,503.69
6 $4,503.69 $890.61 $0.00 $25.46 $5,419.76
7 $5,419.76 $890.61 $0.00 $30.64 $6,341.01
8 $6,341.01 $890.61 $0.00 $35.85 $7,267.47
9 $7,267.47 $890.61 $0.00 $41.09 $8,199.17
10 $8,199.17 $890.61 $0.00 $46.36 $9,136.14
11 $9,136.14 $890.61 $0.00 $51.66 $10,078.41
12 $10,078.41 $890.61 $0.00 $56.98 $11,026.00
13 $11,026.00 $890.61 $0.00 $62.34 $11,978.95
14 $11,978.95 $890.61 $0.00 $67.73 $12,937.29
15 $12,937.29 $890.61 $0.00 $73.15 $13,901.05
16 $13,901.05 $890.61 $0.00 $78.60 $14,870.26
17 $14,870.26 $890.61 $0.00 $84.08 $15,844.95
18 $15,844.95 $890.61 $0.00 $89.59 $16,825.15
19 $16,825.15 $890.61 $0.00 $95.13 $17,810.89
20 $17,810.89 $890.61 $0.00 $100.71 $18,802.21
21 $18,802.21 $890.61 $0.00 $106.31 $19,799.13
22 $19,799.13 $890.61 $0.00 $111.95 $20,801.69
23 $20,801.69 $890.61 $0.00 $117.62 $21,809.92
24 $21,809.92 $890.61 $0.00 $123.32 $22,823.85
25 $22,823.85 $890.61 $0.00 $129.05 $23,843.51
26 $23,843.51 $890.61 $0.00 $134.81 $24,868.93
27 $24,868.93 $890.61 $0.00 $140.61 $25,900.15
28 $25,900.15 $890.61 $0.00 $146.44 $26,937.20
29 $26,937.20 $890.61 $0.00 $152.31 $27,980.12
30 $27,980.12 $890.61 $0.00 $158.20 $29,028.93
31 $29,028.93 $890.61 $0.00 $164.13 $30,083.67
32 $30,083.67 $890.61 $0.00 $170.10 $31,144.38
33 $31,144.38 $890.61 $0.00 $176.09 $32,211.08
34 $32,211.08 $890.61 $0.00 $182.13 $33,283.82
35 $33,283.82 $890.61 $0.00 $188.19 $34,362.62
36 $34,362.62 $890.61 $0.00 $194.29 $35,447.52
37 $35,447.52 $890.61 $0.00 $200.43 $36,538.56
38 $36,538.56 $890.61 $0.00 $206.59 $37,635.76
39 $37,635.76 $890.61 $0.00 $212.80 $38,739.17
40 $38,739.17 $890.61 $0.00 $219.04 $39,848.82
41 $39,848.82 $890.61 $0.00 $225.31 $40,964.74
42 $40,964.74 $890.61 $0.00 $231.62 $42,086.97
43 $42,086.97 $890.61 $0.00 $237.97 $43,215.55
44 $43,215.55 $890.61 $0.00 $244.35 $44,350.51
45 $44,350.51 $890.61 $0.00 $250.76 $45,491.88
46 $45,491.88 $890.61 $0.00 $257.22 $46,639.71
47 $46,639.71 $890.61 $0.00 $263.71 $47,794.03
48 $47,794.03 $890.61 $0.00 $270.23 $48,954.87
49 $48,954.87 $890.61 $0.00 $276.80 $50,122.28
50 $50,122.28 $890.61 $0.00 $283.40 $51,296.29
51 $51,296.29 $890.61 $0.00 $290.04 $52,476.94
52 $52,476.94 $890.61 $0.00 $296.71 $53,664.26
53 $53,664.26 $890.61 $0.00 $303.43 $54,858.30
54 $54,858.30 $890.61 $0.00 $310.18 $56,059.09
55 $56,059.09 $890.61 $0.00 $316.97 $57,266.67
56 $57,266.67 $890.61 $0.00 $323.79 $58,481.07
57 $58,481.07 $890.61 $0.00 $330.66 $59,702.34
58 $59,702.34 $890.61 $0.00 $337.57 $60,930.52
59 $60,930.52 $890.61 $0.00 $344.51 $62,165.64
60 $62,165.64 $890.61 $0.00 $351.49 $63,407.74
61 $63,407.74 $890.61 $0.00 $358.52 $64,656.87
62 $64,656.87 $890.61 $0.00 $365.58 $65,913.06
63 $65,913.06 $890.61 $0.00 $372.68 $67,176.35
64 $67,176.35 $890.61 $0.00 $379.82 $68,446.78
65 $68,446.78 $890.61 $0.00 $387.01 $69,724.40
66 $69,724.40 $890.61 $0.00 $394.23 $71,009.24
67 $71,009.24 $890.61 $0.00 $401.50 $72,301.35
68 $72,301.35 $890.61 $0.00 $408.80 $73,600.76
69 $73,600.76 $890.61 $0.00 $416.15 $74,907.52
70 $74,907.52 $890.61 $0.00 $423.54 $76,221.67
71 $76,221.67 $890.61 $0.00 $430.97 $77,543.25
72 $77,543.25 $890.61 $0.00 $438.44 $78,872.30
73 $78,872.30 $890.61 $0.00 $445.96 $80,208.87
74 $80,208.87 $890.61 $0.00 $453.51 $81,552.99
75 $81,552.99 $890.61 $0.00 $461.11 $82,904.71
76 $82,904.71 $890.61 $0.00 $468.76 $84,264.08
77 $84,264.08 $890.61 $0.00 $476.44 $85,631.13
78 $85,631.13 $890.61 $0.00 $484.17 $87,005.91
79 $87,005.91 $890.61 $0.00 $491.94 $88,388.46
80 $88,388.46 $890.61 $0.00 $499.76 $89,778.83
81 $89,778.83 $890.61 $0.00 $507.62 $91,177.06
82 $91,177.06 $890.61 $0.00 $515.53 $92,583.20
83 $92,583.20 $890.61 $0.00 $523.48 $93,997.29
84 $93,997.29 $890.61 $0.00 $531.47 $95,419.37
85 $95,419.37 $890.61 $0.00 $539.51 $96,849.49
86 $96,849.49 $890.61 $0.00 $547.60 $98,287.70
87 $98,287.70 $890.61 $0.00 $555.73 $99,734.04
88 $99,734.04 $890.61 $0.00 $563.91 $101,188.56
89 $101,188.56 $890.61 $0.00 $572.13 $102,651.30
90 $102,651.30 $890.61 $0.00 $580.41 $104,122.32
91 $104,122.32 $890.61 $0.00 $588.72 $105,601.65
92 $105,601.65 $890.61 $0.00 $597.09 $107,089.35
93 $107,089.35 $890.61 $0.00 $605.50 $108,585.46
94 $108,585.46 $890.61 $0.00 $613.96 $110,090.03
95 $110,090.03 $890.61 $0.00 $622.47 $111,603.11
96 $111,603.11 $890.61 $0.00 $631.02 $113,124.74
97 $113,124.74 $890.61 $0.00 $639.62 $114,654.97
98 $114,654.97 $890.61 $0.00 $648.28 $116,193.86
99 $116,193.86 $890.61 $0.00 $656.98 $117,741.45
100 $117,741.45 $890.61 $0.00 $665.73 $119,297.79
101 $119,297.79 $890.61 $0.00 $674.53 $120,862.93
102 $120,862.93 $890.61 $0.00 $683.38 $122,436.92
103 $122,436.92 $890.61 $0.00 $692.28 $124,019.81
104 $124,019.81 $890.61 $0.00 $701.23 $125,611.65
105 $125,611.65 $890.61 $0.00 $710.23 $127,212.49
106 $127,212.49 $890.61 $0.00 $719.28 $128,822.38
107 $128,822.38 $890.61 $0.00 $728.38 $130,441.37
108 $130,441.37 $890.61 $0.00 $737.53 $132,069.51
109 $132,069.51 $890.61 $0.00 $746.74 $133,706.86
110 $133,706.86 $890.61 $0.00 $756.00 $135,353.47
111 $135,353.47 $890.61 $0.00 $765.31 $137,009.39
112 $137,009.39 $890.61 $0.00 $774.67 $138,674.67
113 $138,674.67 $890.61 $0.00 $784.09 $140,349.37
114 $140,349.37 $890.61 $0.00 $793.56 $142,033.54
115 $142,033.54 $890.61 $0.00 $803.08 $143,727.23
116 $143,727.23 $890.61 $0.00 $812.65 $145,430.49
117 $145,430.49 $890.61 $0.00 $822.29 $147,143.39
118 $147,143.39 $890.61 $0.00 $831.97 $148,865.97
119 $148,865.97 $890.61 $0.00 $841.71 $150,598.29
120 $150,598.29 $890.61 $0.00 $851.50 $152,340.40
121 $152,340.40 $890.61 $0.00 $861.35 $154,092.36
122 $154,092.36 $890.61 $0.00 $871.26 $155,854.23
123 $155,854.23 $890.61 $0.00 $881.22 $157,626.06
124 $157,626.06 $890.61 $0.00 $891.24 $159,407.91
125 $159,407.91 $890.61 $0.00 $901.32 $161,199.84
126 $161,199.84 $890.61 $0.00 $911.45 $163,001.90
127 $163,001.90 $890.61 $0.00 $921.64 $164,814.15
128 $164,814.15 $890.61 $0.00 $931.88 $166,636.64
129 $166,636.64 $890.61 $0.00 $942.19 $168,469.44
130 $168,469.44 $890.61 $0.00 $952.55 $170,312.60
131 $170,312.60 $890.61 $0.00 $962.97 $172,166.18
132 $172,166.18 $890.61 $0.00 $973.45 $174,030.24
133 $174,030.24 $890.61 $0.00 $983.99 $175,904.84
134 $175,904.84 $890.61 $0.00 $994.59 $177,790.04
135 $177,790.04 $890.61 $0.00 $1,005.25 $179,685.90
136 $179,685.90 $890.61 $0.00 $1,015.97 $181,592.48
137 $181,592.48 $890.61 $0.00 $1,026.75 $183,509.84
138 $183,509.84 $890.61 $0.00 $1,037.59 $185,438.04
139 $185,438.04 $890.61 $0.00 $1,048.49 $187,377.14
140 $187,377.14 $890.61 $0.00 $1,059.46 $189,327.21
141 $189,327.21 $890.61 $0.00 $1,070.48 $191,288.30
142 $191,288.30 $890.61 $0.00 $1,081.57 $193,260.48
143 $193,260.48 $890.61 $0.00 $1,092.72 $195,243.81
144 $195,243.81 $890.61 $0.00 $1,103.94 $197,238.36
145 $197,238.36 $890.61 $0.00 $1,115.21 $199,244.18
146 $199,244.18 $890.61 $0.00 $1,126.56 $201,261.35
147 $201,261.35 $890.61 $0.00 $1,137.96 $203,289.92
148 $203,289.92 $890.61 $0.00 $1,149.43 $205,329.96
149 $205,329.96 $890.61 $0.00 $1,160.97 $207,381.54
150 $207,381.54 $890.61 $0.00 $1,172.57 $209,444.72
151 $209,444.72 $890.61 $0.00 $1,184.23 $211,519.56
152 $211,519.56 $890.61 $0.00 $1,195.96 $213,606.13
153 $213,606.13 $890.61 $0.00 $1,207.76 $215,704.50
154 $215,704.50 $890.61 $0.00 $1,219.62 $217,814.73
155 $217,814.73 $890.61 $0.00 $1,231.56 $219,936.90
156 $219,936.90 $890.61 $0.00 $1,243.56 $222,071.07
157 $222,071.07 $890.61 $0.00 $1,255.62 $224,217.30
158 $224,217.30 $890.61 $0.00 $1,267.76 $226,375.67
159 $226,375.67 $890.61 $0.00 $1,279.96 $228,546.24
160 $228,546.24 $890.61 $0.00 $1,292.23 $230,729.08
161 $230,729.08 $890.61 $0.00 $1,304.58 $232,924.27
162 $232,924.27 $890.61 $0.00 $1,316.99 $235,131.87
163 $235,131.87 $890.61 $0.00 $1,329.47 $237,351.95
164 $237,351.95 $890.61 $0.00 $1,342.02 $239,584.58
165 $239,584.58 $890.61 $0.00 $1,354.65 $241,829.84
166 $241,829.84 $890.61 $0.00 $1,367.34 $244,087.79
167 $244,087.79 $890.61 $0.00 $1,380.11 $246,358.51
168 $246,358.51 $890.61 $0.00 $1,392.95 $248,642.07
169 $248,642.07 $890.61 $0.00 $1,405.86 $250,938.54
170 $250,938.54 $890.61 $0.00 $1,418.84 $253,247.99
171 $253,247.99 $890.61 $0.00 $1,431.90 $255,570.50
172 $255,570.50 $890.61 $0.00 $1,445.03 $257,906.14
173 $257,906.14 $890.61 $0.00 $1,458.24 $260,254.99
174 $260,254.99 $890.61 $0.00 $1,471.52 $262,617.12
175 $262,617.12 $890.61 $0.00 $1,484.88 $264,992.61
176 $264,992.61 $890.61 $0.00 $1,498.31 $267,381.53
177 $267,381.53 $890.61 $0.00 $1,511.81 $269,783.95
178 $269,783.95 $890.61 $0.00 $1,525.40 $272,199.96
179 $272,199.96 $890.61 $0.00 $1,539.06 $274,629.63
180 $274,629.63 $890.61 $0.00 $1,552.80 $277,073.04
181 $277,073.04 $890.61 $0.00 $1,566.61 $279,530.26
182 $279,530.26 $890.61 $0.00 $1,580.50 $282,001.37
183 $282,001.37 $890.61 $0.00 $1,594.48 $284,486.46
184 $284,486.46 $890.61 $0.00 $1,608.53 $286,985.60
185 $286,985.60 $890.61 $0.00 $1,622.66 $289,498.87
186 $289,498.87 $890.61 $0.00 $1,636.87 $292,026.35
187 $292,026.35 $890.61 $0.00 $1,651.16 $294,568.12
188 $294,568.12 $890.61 $0.00 $1,665.53 $297,124.26
189 $297,124.26 $890.61 $0.00 $1,679.98 $299,694.85
190 $299,694.85 $890.61 $0.00 $1,694.52 $302,279.98
191 $302,279.98 $890.61 $0.00 $1,709.13 $304,879.72
192 $304,879.72 $890.61 $0.00 $1,723.83 $307,494.16
193 $307,494.16 $890.61 $0.00 $1,738.62 $310,123.39
194 $310,123.39 $890.61 $0.00 $1,753.48 $312,767.48
195 $312,767.48 $890.61 $0.00 $1,768.43 $315,426.52
196 $315,426.52 $890.61 $0.00 $1,783.47 $318,100.60
197 $318,100.60 $890.61 $0.00 $1,798.59 $320,789.80
198 $320,789.80 $890.61 $0.00 $1,813.79 $323,494.20
199 $323,494.20 $890.61 $0.00 $1,829.08 $326,213.89
200 $326,213.89 $890.61 $0.00 $1,844.46 $328,948.96
201 $328,948.96 $890.61 $0.00 $1,859.93 $331,699.50
202 $331,699.50 $890.61 $0.00 $1,875.48 $334,465.59
203 $334,465.59 $890.61 $0.00 $1,891.12 $337,247.32
204 $337,247.32 $890.61 $0.00 $1,906.85 $340,044.78
205 $340,044.78 $890.61 $0.00 $1,922.66 $342,858.05
206 $342,858.05 $890.61 $0.00 $1,938.57 $345,687.23
207 $345,687.23 $890.61 $0.00 $1,954.57 $348,532.41
208 $348,532.41 $890.61 $0.00 $1,970.65 $351,393.67
209 $351,393.67 $890.61 $0.00 $1,986.83 $354,271.11
210 $354,271.11 $890.61 $0.00 $2,003.10 $357,164.82
211 $357,164.82 $890.61 $0.00 $2,019.46 $360,074.89
212 $360,074.89 $890.61 $0.00 $2,035.92 $363,001.42
213 $363,001.42 $890.61 $0.00 $2,052.46 $365,944.49
214 $365,944.49 $890.61 $0.00 $2,069.10 $368,904.20
215 $368,904.20 $890.61 $0.00 $2,085.84 $371,880.65
216 $371,880.65 $890.61 $0.00 $2,102.67 $374,873.93
217 $374,873.93 $890.61 $104,413.58 $2,119.59 $273,470.55
218 $273,470.55 $890.61 $0.00 $1,546.24 $275,907.40
219 $275,907.40 $890.61 $0.00 $1,560.02 $278,358.03
220 $278,358.03 $890.61 $0.00 $1,573.88 $280,822.52
221 $280,822.52 $890.61 $0.00 $1,587.81 $283,300.94
222 $283,300.94 $890.61 $0.00 $1,601.82 $285,793.37
223 $285,793.37 $890.61 $0.00 $1,615.92 $288,299.90
224 $288,299.90 $890.61 $0.00 $1,630.09 $290,820.60
225 $290,820.60 $890.61 $0.00 $1,644.34 $293,355.55
226 $293,355.55 $890.61 $0.00 $1,658.67 $295,904.83
227 $295,904.83 $890.61 $0.00 $1,673.09 $298,468.53
228 $298,468.53 $890.61 $0.00 $1,687.58 $301,046.72
229 $301,046.72 $890.61 $109,634.26 $1,702.16 $194,005.23
230 $194,005.23 $890.61 $0.00 $1,096.93 $195,992.77
231 $195,992.77 $890.61 $0.00 $1,108.17 $197,991.55
232 $197,991.55 $890.61 $0.00 $1,119.47 $200,001.63
233 $200,001.63 $890.61 $0.00 $1,130.84 $202,023.08
234 $202,023.08 $890.61 $0.00 $1,142.27 $204,055.96
235 $204,055.96 $890.61 $0.00 $1,153.76 $206,100.33
236 $206,100.33 $890.61 $0.00 $1,165.32 $208,156.26
237 $208,156.26 $890.61 $0.00 $1,176.95 $210,223.82
238 $210,223.82 $890.61 $0.00 $1,188.64 $212,303.07
239 $212,303.07 $890.61 $0.00 $1,200.39 $214,394.07
240 $214,394.07 $890.61 $0.00 $1,212.22 $216,496.90
241 $216,496.90 $890.61 $115,115.97 $1,224.10 $103,495.64
242 $103,495.64 $890.61 $0.00 $585.18 $104,971.43
243 $104,971.43 $890.61 $0.00 $593.52 $106,455.56
244 $106,455.56 $890.61 $0.00 $601.92 $107,948.09
245 $107,948.09 $890.61 $0.00 $610.35 $109,449.05
246 $109,449.05 $890.61 $0.00 $618.84 $110,958.50
247 $110,958.50 $890.61 $0.00 $627.38 $112,476.49
248 $112,476.49 $890.61 $0.00 $635.96 $114,003.06
249 $114,003.06 $890.61 $0.00 $644.59 $115,538.26
250 $115,538.26 $890.61 $0.00 $653.27 $117,082.14
251 $117,082.14 $890.61 $0.00 $662.00 $118,634.75
252 $118,634.75 $890.61 $0.00 $670.78 $120,196.14
253 $120,196.14 $0.00 $120,871.77 $679.61 $3.98