Savings Plan and Future Cost Estimation for Edgewood College

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

Savings Plan and Future Cost Estimation

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.

Assumptions

Current Annual Cost$47,112.00
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 $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