How much will it cost and what do you need to save?
Estimated Annual Cost in 2041 | $122,171 |
Monthly savings required | $967 |
How much will it cost to send your child to Edgewood College in 18 years and how much do you need to save? A 4 year degree is estimated to be priced at $488,684.75 for students enrolling in 2041 if tuition increases average 5% per year until then. Assuming you have no current college savings, monthly deposits of $967.09 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.
Current Annual Cost | $47,112.00 |
Years until enrollment | 18 |
Annual Tuition Increase | 5% |
Current Savings | $0.00 |
After Tax Return on Savings | 7% |
Years of enrollment | 4 |
Discover how much will you need to start saving now to afford Edgewood College in the future.
Month | Begin | Deposit | Withdraw | Interest | End |
---|---|---|---|---|---|
1 | $0.00 | $967.09 | $0.00 | $0.00 | $967.09 |
2 | $967.09 | $967.09 | $0.00 | $5.47 | $1,939.65 |
3 | $1,939.65 | $967.09 | $0.00 | $10.97 | $2,917.71 |
4 | $2,917.71 | $967.09 | $0.00 | $16.50 | $3,901.30 |
5 | $3,901.30 | $967.09 | $0.00 | $22.06 | $4,890.45 |
6 | $4,890.45 | $967.09 | $0.00 | $27.65 | $5,885.19 |
7 | $5,885.19 | $967.09 | $0.00 | $33.28 | $6,885.56 |
8 | $6,885.56 | $967.09 | $0.00 | $38.93 | $7,891.58 |
9 | $7,891.58 | $967.09 | $0.00 | $44.62 | $8,903.29 |
10 | $8,903.29 | $967.09 | $0.00 | $50.34 | $9,920.72 |
11 | $9,920.72 | $967.09 | $0.00 | $56.09 | $10,943.90 |
12 | $10,943.90 | $967.09 | $0.00 | $61.88 | $11,972.87 |
13 | $11,972.87 | $967.09 | $0.00 | $67.70 | $13,007.66 |
14 | $13,007.66 | $967.09 | $0.00 | $73.55 | $14,048.30 |
15 | $14,048.30 | $967.09 | $0.00 | $79.43 | $15,094.82 |
16 | $15,094.82 | $967.09 | $0.00 | $85.35 | $16,147.26 |
17 | $16,147.26 | $967.09 | $0.00 | $91.30 | $17,205.65 |
18 | $17,205.65 | $967.09 | $0.00 | $97.28 | $18,270.02 |
19 | $18,270.02 | $967.09 | $0.00 | $103.30 | $19,340.41 |
20 | $19,340.41 | $967.09 | $0.00 | $109.35 | $20,416.85 |
21 | $20,416.85 | $967.09 | $0.00 | $115.44 | $21,499.38 |
22 | $21,499.38 | $967.09 | $0.00 | $121.56 | $22,588.03 |
23 | $22,588.03 | $967.09 | $0.00 | $127.72 | $23,682.84 |
24 | $23,682.84 | $967.09 | $0.00 | $133.91 | $24,783.84 |
25 | $24,783.84 | $967.09 | $0.00 | $140.13 | $25,891.06 |
26 | $25,891.06 | $967.09 | $0.00 | $146.39 | $27,004.54 |
27 | $27,004.54 | $967.09 | $0.00 | $152.69 | $28,124.32 |
28 | $28,124.32 | $967.09 | $0.00 | $159.02 | $29,250.43 |
29 | $29,250.43 | $967.09 | $0.00 | $165.39 | $30,382.91 |
30 | $30,382.91 | $967.09 | $0.00 | $171.79 | $31,521.79 |
31 | $31,521.79 | $967.09 | $0.00 | $178.23 | $32,667.11 |
32 | $32,667.11 | $967.09 | $0.00 | $184.70 | $33,818.90 |
33 | $33,818.90 | $967.09 | $0.00 | $191.22 | $34,977.21 |
34 | $34,977.21 | $967.09 | $0.00 | $197.77 | $36,142.07 |
35 | $36,142.07 | $967.09 | $0.00 | $204.35 | $37,313.51 |
36 | $37,313.51 | $967.09 | $0.00 | $210.98 | $38,491.58 |
37 | $38,491.58 | $967.09 | $0.00 | $217.64 | $39,676.31 |
38 | $39,676.31 | $967.09 | $0.00 | $224.34 | $40,867.74 |
39 | $40,867.74 | $967.09 | $0.00 | $231.07 | $42,065.90 |
40 | $42,065.90 | $967.09 | $0.00 | $237.85 | $43,270.84 |
41 | $43,270.84 | $967.09 | $0.00 | $244.66 | $44,482.59 |
42 | $44,482.59 | $967.09 | $0.00 | $251.51 | $45,701.19 |
43 | $45,701.19 | $967.09 | $0.00 | $258.40 | $46,926.68 |
44 | $46,926.68 | $967.09 | $0.00 | $265.33 | $48,159.10 |
45 | $48,159.10 | $967.09 | $0.00 | $272.30 | $49,398.49 |
46 | $49,398.49 | $967.09 | $0.00 | $279.31 | $50,644.89 |
47 | $50,644.89 | $967.09 | $0.00 | $286.35 | $51,898.33 |
48 | $51,898.33 | $967.09 | $0.00 | $293.44 | $53,158.86 |
49 | $53,158.86 | $967.09 | $0.00 | $300.57 | $54,426.52 |
50 | $54,426.52 | $967.09 | $0.00 | $307.74 | $55,701.35 |
51 | $55,701.35 | $967.09 | $0.00 | $314.94 | $56,983.38 |
52 | $56,983.38 | $967.09 | $0.00 | $322.19 | $58,272.66 |
53 | $58,272.66 | $967.09 | $0.00 | $329.48 | $59,569.23 |
54 | $59,569.23 | $967.09 | $0.00 | $336.81 | $60,873.13 |
55 | $60,873.13 | $967.09 | $0.00 | $344.19 | $62,184.41 |
56 | $62,184.41 | $967.09 | $0.00 | $351.60 | $63,503.10 |
57 | $63,503.10 | $967.09 | $0.00 | $359.06 | $64,829.25 |
58 | $64,829.25 | $967.09 | $0.00 | $366.55 | $66,162.89 |
59 | $66,162.89 | $967.09 | $0.00 | $374.09 | $67,504.07 |
60 | $67,504.07 | $967.09 | $0.00 | $381.68 | $68,852.84 |
61 | $68,852.84 | $967.09 | $0.00 | $389.30 | $70,209.23 |
62 | $70,209.23 | $967.09 | $0.00 | $396.97 | $71,573.29 |
63 | $71,573.29 | $967.09 | $0.00 | $404.69 | $72,945.07 |
64 | $72,945.07 | $967.09 | $0.00 | $412.44 | $74,324.60 |
65 | $74,324.60 | $967.09 | $0.00 | $420.24 | $75,711.93 |
66 | $75,711.93 | $967.09 | $0.00 | $428.09 | $77,107.11 |
67 | $77,107.11 | $967.09 | $0.00 | $435.97 | $78,510.17 |
68 | $78,510.17 | $967.09 | $0.00 | $443.91 | $79,921.17 |
69 | $79,921.17 | $967.09 | $0.00 | $451.89 | $81,340.15 |
70 | $81,340.15 | $967.09 | $0.00 | $459.91 | $82,767.15 |
71 | $82,767.15 | $967.09 | $0.00 | $467.98 | $84,202.22 |
72 | $84,202.22 | $967.09 | $0.00 | $476.09 | $85,645.40 |
73 | $85,645.40 | $967.09 | $0.00 | $484.25 | $87,096.74 |
74 | $87,096.74 | $967.09 | $0.00 | $492.46 | $88,556.29 |
75 | $88,556.29 | $967.09 | $0.00 | $500.71 | $90,024.09 |
76 | $90,024.09 | $967.09 | $0.00 | $509.01 | $91,500.19 |
77 | $91,500.19 | $967.09 | $0.00 | $517.36 | $92,984.64 |
78 | $92,984.64 | $967.09 | $0.00 | $525.75 | $94,477.48 |
79 | $94,477.48 | $967.09 | $0.00 | $534.19 | $95,978.76 |
80 | $95,978.76 | $967.09 | $0.00 | $542.68 | $97,488.53 |
81 | $97,488.53 | $967.09 | $0.00 | $551.21 | $99,006.83 |
82 | $99,006.83 | $967.09 | $0.00 | $559.80 | $100,533.72 |
83 | $100,533.72 | $967.09 | $0.00 | $568.43 | $102,069.24 |
84 | $102,069.24 | $967.09 | $0.00 | $577.11 | $103,613.44 |
85 | $103,613.44 | $967.09 | $0.00 | $585.85 | $105,166.38 |
86 | $105,166.38 | $967.09 | $0.00 | $594.63 | $106,728.10 |
87 | $106,728.10 | $967.09 | $0.00 | $603.46 | $108,298.65 |
88 | $108,298.65 | $967.09 | $0.00 | $612.34 | $109,878.08 |
89 | $109,878.08 | $967.09 | $0.00 | $621.27 | $111,466.44 |
90 | $111,466.44 | $967.09 | $0.00 | $630.25 | $113,063.78 |
91 | $113,063.78 | $967.09 | $0.00 | $639.28 | $114,670.15 |
92 | $114,670.15 | $967.09 | $0.00 | $648.36 | $116,285.60 |
93 | $116,285.60 | $967.09 | $0.00 | $657.50 | $117,910.19 |
94 | $117,910.19 | $967.09 | $0.00 | $666.68 | $119,543.96 |
95 | $119,543.96 | $967.09 | $0.00 | $675.92 | $121,186.97 |
96 | $121,186.97 | $967.09 | $0.00 | $685.21 | $122,839.27 |
97 | $122,839.27 | $967.09 | $0.00 | $694.55 | $124,500.91 |
98 | $124,500.91 | $967.09 | $0.00 | $703.95 | $126,171.95 |
99 | $126,171.95 | $967.09 | $0.00 | $713.39 | $127,852.43 |
100 | $127,852.43 | $967.09 | $0.00 | $722.90 | $129,542.42 |
101 | $129,542.42 | $967.09 | $0.00 | $732.45 | $131,241.96 |
102 | $131,241.96 | $967.09 | $0.00 | $742.06 | $132,951.11 |
103 | $132,951.11 | $967.09 | $0.00 | $751.72 | $134,669.92 |
104 | $134,669.92 | $967.09 | $0.00 | $761.44 | $136,398.45 |
105 | $136,398.45 | $967.09 | $0.00 | $771.22 | $138,136.76 |
106 | $138,136.76 | $967.09 | $0.00 | $781.05 | $139,884.90 |
107 | $139,884.90 | $967.09 | $0.00 | $790.93 | $141,642.92 |
108 | $141,642.92 | $967.09 | $0.00 | $800.87 | $143,410.88 |
109 | $143,410.88 | $967.09 | $0.00 | $810.87 | $145,188.84 |
110 | $145,188.84 | $967.09 | $0.00 | $820.92 | $146,976.85 |
111 | $146,976.85 | $967.09 | $0.00 | $831.03 | $148,774.97 |
112 | $148,774.97 | $967.09 | $0.00 | $841.20 | $150,583.26 |
113 | $150,583.26 | $967.09 | $0.00 | $851.42 | $152,401.77 |
114 | $152,401.77 | $967.09 | $0.00 | $861.70 | $154,230.56 |
115 | $154,230.56 | $967.09 | $0.00 | $872.04 | $156,069.69 |
116 | $156,069.69 | $967.09 | $0.00 | $882.44 | $157,919.22 |
117 | $157,919.22 | $967.09 | $0.00 | $892.90 | $159,779.21 |
118 | $159,779.21 | $967.09 | $0.00 | $903.41 | $161,649.71 |
119 | $161,649.71 | $967.09 | $0.00 | $913.99 | $163,530.79 |
120 | $163,530.79 | $967.09 | $0.00 | $924.63 | $165,422.51 |
121 | $165,422.51 | $967.09 | $0.00 | $935.32 | $167,324.92 |
122 | $167,324.92 | $967.09 | $0.00 | $946.08 | $169,238.09 |
123 | $169,238.09 | $967.09 | $0.00 | $956.90 | $171,162.08 |
124 | $171,162.08 | $967.09 | $0.00 | $967.78 | $173,096.95 |
125 | $173,096.95 | $967.09 | $0.00 | $978.72 | $175,042.76 |
126 | $175,042.76 | $967.09 | $0.00 | $989.72 | $176,999.57 |
127 | $176,999.57 | $967.09 | $0.00 | $1,000.78 | $178,967.44 |
128 | $178,967.44 | $967.09 | $0.00 | $1,011.91 | $180,946.44 |
129 | $180,946.44 | $967.09 | $0.00 | $1,023.10 | $182,936.63 |
130 | $182,936.63 | $967.09 | $0.00 | $1,034.35 | $184,938.07 |
131 | $184,938.07 | $967.09 | $0.00 | $1,045.67 | $186,950.83 |
132 | $186,950.83 | $967.09 | $0.00 | $1,057.05 | $188,974.97 |
133 | $188,974.97 | $967.09 | $0.00 | $1,068.49 | $191,010.55 |
134 | $191,010.55 | $967.09 | $0.00 | $1,080.00 | $193,057.64 |
135 | $193,057.64 | $967.09 | $0.00 | $1,091.58 | $195,116.31 |
136 | $195,116.31 | $967.09 | $0.00 | $1,103.22 | $197,186.62 |
137 | $197,186.62 | $967.09 | $0.00 | $1,114.92 | $199,268.63 |
138 | $199,268.63 | $967.09 | $0.00 | $1,126.69 | $201,362.41 |
139 | $201,362.41 | $967.09 | $0.00 | $1,138.53 | $203,468.03 |
140 | $203,468.03 | $967.09 | $0.00 | $1,150.44 | $205,585.56 |
141 | $205,585.56 | $967.09 | $0.00 | $1,162.41 | $207,715.06 |
142 | $207,715.06 | $967.09 | $0.00 | $1,174.45 | $209,856.60 |
143 | $209,856.60 | $967.09 | $0.00 | $1,186.56 | $212,010.25 |
144 | $212,010.25 | $967.09 | $0.00 | $1,198.74 | $214,176.08 |
145 | $214,176.08 | $967.09 | $0.00 | $1,210.98 | $216,354.15 |
146 | $216,354.15 | $967.09 | $0.00 | $1,223.30 | $218,544.54 |
147 | $218,544.54 | $967.09 | $0.00 | $1,235.68 | $220,747.31 |
148 | $220,747.31 | $967.09 | $0.00 | $1,248.14 | $222,962.54 |
149 | $222,962.54 | $967.09 | $0.00 | $1,260.66 | $225,190.29 |
150 | $225,190.29 | $967.09 | $0.00 | $1,273.26 | $227,430.64 |
151 | $227,430.64 | $967.09 | $0.00 | $1,285.93 | $229,683.66 |
152 | $229,683.66 | $967.09 | $0.00 | $1,298.66 | $231,949.41 |
153 | $231,949.41 | $967.09 | $0.00 | $1,311.48 | $234,227.98 |
154 | $234,227.98 | $967.09 | $0.00 | $1,324.36 | $236,519.43 |
155 | $236,519.43 | $967.09 | $0.00 | $1,337.32 | $238,823.84 |
156 | $238,823.84 | $967.09 | $0.00 | $1,350.34 | $241,141.27 |
157 | $241,141.27 | $967.09 | $0.00 | $1,363.45 | $243,471.81 |
158 | $243,471.81 | $967.09 | $0.00 | $1,376.63 | $245,815.53 |
159 | $245,815.53 | $967.09 | $0.00 | $1,389.88 | $248,172.50 |
160 | $248,172.50 | $967.09 | $0.00 | $1,403.20 | $250,542.79 |
161 | $250,542.79 | $967.09 | $0.00 | $1,416.61 | $252,926.49 |
162 | $252,926.49 | $967.09 | $0.00 | $1,430.08 | $255,323.66 |
163 | $255,323.66 | $967.09 | $0.00 | $1,443.64 | $257,734.39 |
164 | $257,734.39 | $967.09 | $0.00 | $1,457.27 | $260,158.75 |
165 | $260,158.75 | $967.09 | $0.00 | $1,470.98 | $262,596.82 |
166 | $262,596.82 | $967.09 | $0.00 | $1,484.76 | $265,048.67 |
167 | $265,048.67 | $967.09 | $0.00 | $1,498.62 | $267,514.38 |
168 | $267,514.38 | $967.09 | $0.00 | $1,512.57 | $269,994.04 |
169 | $269,994.04 | $967.09 | $0.00 | $1,526.59 | $272,487.72 |
170 | $272,487.72 | $967.09 | $0.00 | $1,540.69 | $274,995.50 |
171 | $274,995.50 | $967.09 | $0.00 | $1,554.86 | $277,517.45 |
172 | $277,517.45 | $967.09 | $0.00 | $1,569.12 | $280,053.66 |
173 | $280,053.66 | $967.09 | $0.00 | $1,583.46 | $282,604.21 |
174 | $282,604.21 | $967.09 | $0.00 | $1,597.89 | $285,169.19 |
175 | $285,169.19 | $967.09 | $0.00 | $1,612.39 | $287,748.67 |
176 | $287,748.67 | $967.09 | $0.00 | $1,626.97 | $290,342.73 |
177 | $290,342.73 | $967.09 | $0.00 | $1,641.64 | $292,951.46 |
178 | $292,951.46 | $967.09 | $0.00 | $1,656.39 | $295,574.94 |
179 | $295,574.94 | $967.09 | $0.00 | $1,671.22 | $298,213.25 |
180 | $298,213.25 | $967.09 | $0.00 | $1,686.14 | $300,866.48 |
181 | $300,866.48 | $967.09 | $0.00 | $1,701.14 | $303,534.71 |
182 | $303,534.71 | $967.09 | $0.00 | $1,716.23 | $306,218.03 |
183 | $306,218.03 | $967.09 | $0.00 | $1,731.40 | $308,916.52 |
184 | $308,916.52 | $967.09 | $0.00 | $1,746.66 | $311,630.27 |
185 | $311,630.27 | $967.09 | $0.00 | $1,762.00 | $314,359.36 |
186 | $314,359.36 | $967.09 | $0.00 | $1,777.43 | $317,103.88 |
187 | $317,103.88 | $967.09 | $0.00 | $1,792.95 | $319,863.92 |
188 | $319,863.92 | $967.09 | $0.00 | $1,808.56 | $322,639.57 |
189 | $322,639.57 | $967.09 | $0.00 | $1,824.25 | $325,430.91 |
190 | $325,430.91 | $967.09 | $0.00 | $1,840.03 | $328,238.03 |
191 | $328,238.03 | $967.09 | $0.00 | $1,855.91 | $331,061.03 |
192 | $331,061.03 | $967.09 | $0.00 | $1,871.87 | $333,899.99 |
193 | $333,899.99 | $967.09 | $0.00 | $1,887.92 | $336,755.00 |
194 | $336,755.00 | $967.09 | $0.00 | $1,904.06 | $339,626.15 |
195 | $339,626.15 | $967.09 | $0.00 | $1,920.30 | $342,513.54 |
196 | $342,513.54 | $967.09 | $0.00 | $1,936.62 | $345,417.25 |
197 | $345,417.25 | $967.09 | $0.00 | $1,953.04 | $348,337.38 |
198 | $348,337.38 | $967.09 | $0.00 | $1,969.55 | $351,274.02 |
199 | $351,274.02 | $967.09 | $0.00 | $1,986.15 | $354,227.26 |
200 | $354,227.26 | $967.09 | $0.00 | $2,002.85 | $357,197.20 |
201 | $357,197.20 | $967.09 | $0.00 | $2,019.64 | $360,183.93 |
202 | $360,183.93 | $967.09 | $0.00 | $2,036.53 | $363,187.55 |
203 | $363,187.55 | $967.09 | $0.00 | $2,053.52 | $366,208.16 |
204 | $366,208.16 | $967.09 | $0.00 | $2,070.59 | $369,245.84 |
205 | $369,245.84 | $967.09 | $0.00 | $2,087.77 | $372,300.70 |
206 | $372,300.70 | $967.09 | $0.00 | $2,105.04 | $375,372.83 |
207 | $375,372.83 | $967.09 | $0.00 | $2,122.41 | $378,462.33 |
208 | $378,462.33 | $967.09 | $0.00 | $2,139.88 | $381,569.30 |
209 | $381,569.30 | $967.09 | $0.00 | $2,157.45 | $384,693.84 |
210 | $384,693.84 | $967.09 | $0.00 | $2,175.11 | $387,836.04 |
211 | $387,836.04 | $967.09 | $0.00 | $2,192.88 | $390,996.01 |
212 | $390,996.01 | $967.09 | $0.00 | $2,210.75 | $394,173.85 |
213 | $394,173.85 | $967.09 | $0.00 | $2,228.72 | $397,369.66 |
214 | $397,369.66 | $967.09 | $0.00 | $2,246.79 | $400,583.54 |
215 | $400,583.54 | $967.09 | $0.00 | $2,264.96 | $403,815.59 |
216 | $403,815.59 | $967.09 | $0.00 | $2,283.23 | $407,065.91 |
217 | $407,065.91 | $967.09 | $113,380.65 | $2,301.61 | $296,953.96 |
218 | $296,953.96 | $967.09 | $0.00 | $1,679.02 | $299,600.07 |
219 | $299,600.07 | $967.09 | $0.00 | $1,693.98 | $302,261.14 |
220 | $302,261.14 | $967.09 | $0.00 | $1,709.03 | $304,937.26 |
221 | $304,937.26 | $967.09 | $0.00 | $1,724.16 | $307,628.51 |
222 | $307,628.51 | $967.09 | $0.00 | $1,739.38 | $310,334.98 |
223 | $310,334.98 | $967.09 | $0.00 | $1,754.68 | $313,056.75 |
224 | $313,056.75 | $967.09 | $0.00 | $1,770.07 | $315,793.91 |
225 | $315,793.91 | $967.09 | $0.00 | $1,785.54 | $318,546.54 |
226 | $318,546.54 | $967.09 | $0.00 | $1,801.11 | $321,314.74 |
227 | $321,314.74 | $967.09 | $0.00 | $1,816.76 | $324,098.59 |
228 | $324,098.59 | $967.09 | $0.00 | $1,832.50 | $326,898.18 |
229 | $326,898.18 | $967.09 | $119,049.68 | $1,848.33 | $210,663.92 |
230 | $210,663.92 | $967.09 | $0.00 | $1,191.12 | $212,822.13 |
231 | $212,822.13 | $967.09 | $0.00 | $1,203.33 | $214,992.55 |
232 | $214,992.55 | $967.09 | $0.00 | $1,215.60 | $217,175.24 |
233 | $217,175.24 | $967.09 | $0.00 | $1,227.94 | $219,370.27 |
234 | $219,370.27 | $967.09 | $0.00 | $1,240.35 | $221,577.71 |
235 | $221,577.71 | $967.09 | $0.00 | $1,252.83 | $223,797.63 |
236 | $223,797.63 | $967.09 | $0.00 | $1,265.38 | $226,030.10 |
237 | $226,030.10 | $967.09 | $0.00 | $1,278.01 | $228,275.20 |
238 | $228,275.20 | $967.09 | $0.00 | $1,290.70 | $230,532.99 |
239 | $230,532.99 | $967.09 | $0.00 | $1,303.47 | $232,803.55 |
240 | $232,803.55 | $967.09 | $0.00 | $1,316.31 | $235,086.95 |
241 | $235,086.95 | $967.09 | $125,002.16 | $1,329.22 | $112,381.10 |
242 | $112,381.10 | $967.09 | $0.00 | $635.42 | $113,983.61 |
243 | $113,983.61 | $967.09 | $0.00 | $644.48 | $115,595.18 |
244 | $115,595.18 | $967.09 | $0.00 | $653.59 | $117,215.86 |
245 | $117,215.86 | $967.09 | $0.00 | $662.76 | $118,845.71 |
246 | $118,845.71 | $967.09 | $0.00 | $671.97 | $120,484.77 |
247 | $120,484.77 | $967.09 | $0.00 | $681.24 | $122,133.10 |
248 | $122,133.10 | $967.09 | $0.00 | $690.56 | $123,790.75 |
249 | $123,790.75 | $967.09 | $0.00 | $699.93 | $125,457.77 |
250 | $125,457.77 | $967.09 | $0.00 | $709.36 | $127,134.22 |
251 | $127,134.22 | $967.09 | $0.00 | $718.84 | $128,820.15 |
252 | $128,820.15 | $967.09 | $0.00 | $728.37 | $130,515.61 |
253 | $130,515.61 | $0.00 | $131,252.27 | $737.95 | $1.29 |