Savings Plan and Future Cost Estimation for Mount Mary College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$129,147
Monthly savings required$1,022

How much will it cost to send your child to Mount Mary College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $516,587.67 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,022.30 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$49,802.00
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 $1,022.30 $0.00 $0.00 $1,022.30
2 $1,022.30 $1,022.30 $0.00 $5.78 $2,050.38
3 $2,050.38 $1,022.30 $0.00 $11.59 $3,084.27
4 $3,084.27 $1,022.30 $0.00 $17.44 $4,124.01
5 $4,124.01 $1,022.30 $0.00 $23.32 $5,169.63
6 $5,169.63 $1,022.30 $0.00 $29.23 $6,221.16
7 $6,221.16 $1,022.30 $0.00 $35.18 $7,278.64
8 $7,278.64 $1,022.30 $0.00 $41.15 $8,342.09
9 $8,342.09 $1,022.30 $0.00 $47.17 $9,411.56
10 $9,411.56 $1,022.30 $0.00 $53.21 $10,487.07
11 $10,487.07 $1,022.30 $0.00 $59.30 $11,568.67
12 $11,568.67 $1,022.30 $0.00 $65.41 $12,656.38
13 $12,656.38 $1,022.30 $0.00 $71.56 $13,750.24
14 $13,750.24 $1,022.30 $0.00 $77.75 $14,850.29
15 $14,850.29 $1,022.30 $0.00 $83.97 $15,956.56
16 $15,956.56 $1,022.30 $0.00 $90.22 $17,069.08
17 $17,069.08 $1,022.30 $0.00 $96.51 $18,187.89
18 $18,187.89 $1,022.30 $0.00 $102.84 $19,313.03
19 $19,313.03 $1,022.30 $0.00 $109.20 $20,444.53
20 $20,444.53 $1,022.30 $0.00 $115.60 $21,582.43
21 $21,582.43 $1,022.30 $0.00 $122.03 $22,726.76
22 $22,726.76 $1,022.30 $0.00 $128.50 $23,877.56
23 $23,877.56 $1,022.30 $0.00 $135.01 $25,034.87
24 $25,034.87 $1,022.30 $0.00 $141.55 $26,198.72
25 $26,198.72 $1,022.30 $0.00 $148.13 $27,369.15
26 $27,369.15 $1,022.30 $0.00 $154.75 $28,546.20
27 $28,546.20 $1,022.30 $0.00 $161.40 $29,729.90
28 $29,729.90 $1,022.30 $0.00 $168.10 $30,920.30
29 $30,920.30 $1,022.30 $0.00 $174.83 $32,117.43
30 $32,117.43 $1,022.30 $0.00 $181.60 $33,321.33
31 $33,321.33 $1,022.30 $0.00 $188.40 $34,532.03
32 $34,532.03 $1,022.30 $0.00 $195.25 $35,749.58
33 $35,749.58 $1,022.30 $0.00 $202.13 $36,974.01
34 $36,974.01 $1,022.30 $0.00 $209.06 $38,205.37
35 $38,205.37 $1,022.30 $0.00 $216.02 $39,443.69
36 $39,443.69 $1,022.30 $0.00 $223.02 $40,689.01
37 $40,689.01 $1,022.30 $0.00 $230.06 $41,941.37
38 $41,941.37 $1,022.30 $0.00 $237.14 $43,200.81
39 $43,200.81 $1,022.30 $0.00 $244.26 $44,467.37
40 $44,467.37 $1,022.30 $0.00 $251.42 $45,741.09
41 $45,741.09 $1,022.30 $0.00 $258.63 $47,022.02
42 $47,022.02 $1,022.30 $0.00 $265.87 $48,310.19
43 $48,310.19 $1,022.30 $0.00 $273.15 $49,605.64
44 $49,605.64 $1,022.30 $0.00 $280.48 $50,908.42
45 $50,908.42 $1,022.30 $0.00 $287.84 $52,218.56
46 $52,218.56 $1,022.30 $0.00 $295.25 $53,536.11
47 $53,536.11 $1,022.30 $0.00 $302.70 $54,861.11
48 $54,861.11 $1,022.30 $0.00 $310.19 $56,193.60
49 $56,193.60 $1,022.30 $0.00 $317.73 $57,533.63
50 $57,533.63 $1,022.30 $0.00 $325.30 $58,881.23
51 $58,881.23 $1,022.30 $0.00 $332.92 $60,236.45
52 $60,236.45 $1,022.30 $0.00 $340.59 $61,599.34
53 $61,599.34 $1,022.30 $0.00 $348.29 $62,969.93
54 $62,969.93 $1,022.30 $0.00 $356.04 $64,348.27
55 $64,348.27 $1,022.30 $0.00 $363.83 $65,734.40
56 $65,734.40 $1,022.30 $0.00 $371.67 $67,128.37
57 $67,128.37 $1,022.30 $0.00 $379.55 $68,530.22
58 $68,530.22 $1,022.30 $0.00 $387.48 $69,940.00
59 $69,940.00 $1,022.30 $0.00 $395.45 $71,357.75
60 $71,357.75 $1,022.30 $0.00 $403.47 $72,783.52
61 $72,783.52 $1,022.30 $0.00 $411.53 $74,217.35
62 $74,217.35 $1,022.30 $0.00 $419.64 $75,659.29
63 $75,659.29 $1,022.30 $0.00 $427.79 $77,109.38
64 $77,109.38 $1,022.30 $0.00 $435.99 $78,567.67
65 $78,567.67 $1,022.30 $0.00 $444.23 $80,034.20
66 $80,034.20 $1,022.30 $0.00 $452.53 $81,509.03
67 $81,509.03 $1,022.30 $0.00 $460.86 $82,992.19
68 $82,992.19 $1,022.30 $0.00 $469.25 $84,483.74
69 $84,483.74 $1,022.30 $0.00 $477.68 $85,983.72
70 $85,983.72 $1,022.30 $0.00 $486.16 $87,492.18
71 $87,492.18 $1,022.30 $0.00 $494.69 $89,009.17
72 $89,009.17 $1,022.30 $0.00 $503.27 $90,534.74
73 $90,534.74 $1,022.30 $0.00 $511.90 $92,068.94
74 $92,068.94 $1,022.30 $0.00 $520.57 $93,611.81
75 $93,611.81 $1,022.30 $0.00 $529.29 $95,163.40
76 $95,163.40 $1,022.30 $0.00 $538.07 $96,723.77
77 $96,723.77 $1,022.30 $0.00 $546.89 $98,292.96
78 $98,292.96 $1,022.30 $0.00 $555.76 $99,871.02
79 $99,871.02 $1,022.30 $0.00 $564.69 $101,458.01
80 $101,458.01 $1,022.30 $0.00 $573.66 $103,053.97
81 $103,053.97 $1,022.30 $0.00 $582.68 $104,658.95
82 $104,658.95 $1,022.30 $0.00 $591.76 $106,273.01
83 $106,273.01 $1,022.30 $0.00 $600.88 $107,896.19
84 $107,896.19 $1,022.30 $0.00 $610.06 $109,528.55
85 $109,528.55 $1,022.30 $0.00 $619.29 $111,170.14
86 $111,170.14 $1,022.30 $0.00 $628.57 $112,821.01
87 $112,821.01 $1,022.30 $0.00 $637.91 $114,481.22
88 $114,481.22 $1,022.30 $0.00 $647.29 $116,150.81
89 $116,150.81 $1,022.30 $0.00 $656.73 $117,829.84
90 $117,829.84 $1,022.30 $0.00 $666.23 $119,518.37
91 $119,518.37 $1,022.30 $0.00 $675.77 $121,216.44
92 $121,216.44 $1,022.30 $0.00 $685.38 $122,924.12
93 $122,924.12 $1,022.30 $0.00 $695.03 $124,641.45
94 $124,641.45 $1,022.30 $0.00 $704.74 $126,368.49
95 $126,368.49 $1,022.30 $0.00 $714.51 $128,105.30
96 $128,105.30 $1,022.30 $0.00 $724.33 $129,851.93
97 $129,851.93 $1,022.30 $0.00 $734.20 $131,608.43
98 $131,608.43 $1,022.30 $0.00 $744.13 $133,374.86
99 $133,374.86 $1,022.30 $0.00 $754.12 $135,151.28
100 $135,151.28 $1,022.30 $0.00 $764.16 $136,937.74
101 $136,937.74 $1,022.30 $0.00 $774.27 $138,734.31
102 $138,734.31 $1,022.30 $0.00 $784.42 $140,541.03
103 $140,541.03 $1,022.30 $0.00 $794.64 $142,357.97
104 $142,357.97 $1,022.30 $0.00 $804.91 $144,185.18
105 $144,185.18 $1,022.30 $0.00 $815.24 $146,022.72
106 $146,022.72 $1,022.30 $0.00 $825.63 $147,870.65
107 $147,870.65 $1,022.30 $0.00 $836.08 $149,729.03
108 $149,729.03 $1,022.30 $0.00 $846.59 $151,597.92
109 $151,597.92 $1,022.30 $0.00 $857.16 $153,477.38
110 $153,477.38 $1,022.30 $0.00 $867.78 $155,367.46
111 $155,367.46 $1,022.30 $0.00 $878.47 $157,268.23
112 $157,268.23 $1,022.30 $0.00 $889.22 $159,179.75
113 $159,179.75 $1,022.30 $0.00 $900.03 $161,102.08
114 $161,102.08 $1,022.30 $0.00 $910.89 $163,035.27
115 $163,035.27 $1,022.30 $0.00 $921.83 $164,979.40
116 $164,979.40 $1,022.30 $0.00 $932.82 $166,934.52
117 $166,934.52 $1,022.30 $0.00 $943.87 $168,900.69
118 $168,900.69 $1,022.30 $0.00 $954.99 $170,877.98
119 $170,877.98 $1,022.30 $0.00 $966.17 $172,866.45
120 $172,866.45 $1,022.30 $0.00 $977.41 $174,866.16
121 $174,866.16 $1,022.30 $0.00 $988.72 $176,877.18
122 $176,877.18 $1,022.30 $0.00 $1,000.09 $178,899.57
123 $178,899.57 $1,022.30 $0.00 $1,011.52 $180,933.39
124 $180,933.39 $1,022.30 $0.00 $1,023.02 $182,978.71
125 $182,978.71 $1,022.30 $0.00 $1,034.59 $185,035.60
126 $185,035.60 $1,022.30 $0.00 $1,046.22 $187,104.12
127 $187,104.12 $1,022.30 $0.00 $1,057.91 $189,184.33
128 $189,184.33 $1,022.30 $0.00 $1,069.68 $191,276.31
129 $191,276.31 $1,022.30 $0.00 $1,081.50 $193,380.11
130 $193,380.11 $1,022.30 $0.00 $1,093.40 $195,495.81
131 $195,495.81 $1,022.30 $0.00 $1,105.36 $197,623.47
132 $197,623.47 $1,022.30 $0.00 $1,117.39 $199,763.16
133 $199,763.16 $1,022.30 $0.00 $1,129.49 $201,914.95
134 $201,914.95 $1,022.30 $0.00 $1,141.66 $204,078.91
135 $204,078.91 $1,022.30 $0.00 $1,153.89 $206,255.10
136 $206,255.10 $1,022.30 $0.00 $1,166.20 $208,443.60
137 $208,443.60 $1,022.30 $0.00 $1,178.57 $210,644.47
138 $210,644.47 $1,022.30 $0.00 $1,191.01 $212,857.78
139 $212,857.78 $1,022.30 $0.00 $1,203.53 $215,083.61
140 $215,083.61 $1,022.30 $0.00 $1,216.11 $217,322.02
141 $217,322.02 $1,022.30 $0.00 $1,228.77 $219,573.09
142 $219,573.09 $1,022.30 $0.00 $1,241.50 $221,836.89
143 $221,836.89 $1,022.30 $0.00 $1,254.30 $224,113.49
144 $224,113.49 $1,022.30 $0.00 $1,267.17 $226,402.96
145 $226,402.96 $1,022.30 $0.00 $1,280.12 $228,705.38
146 $228,705.38 $1,022.30 $0.00 $1,293.13 $231,020.81
147 $231,020.81 $1,022.30 $0.00 $1,306.23 $233,349.34
148 $233,349.34 $1,022.30 $0.00 $1,319.39 $235,691.03
149 $235,691.03 $1,022.30 $0.00 $1,332.63 $238,045.96
150 $238,045.96 $1,022.30 $0.00 $1,345.95 $240,414.21
151 $240,414.21 $1,022.30 $0.00 $1,359.34 $242,795.85
152 $242,795.85 $1,022.30 $0.00 $1,372.80 $245,190.95
153 $245,190.95 $1,022.30 $0.00 $1,386.35 $247,599.60
154 $247,599.60 $1,022.30 $0.00 $1,399.96 $250,021.86
155 $250,021.86 $1,022.30 $0.00 $1,413.66 $252,457.82
156 $252,457.82 $1,022.30 $0.00 $1,427.43 $254,907.55
157 $254,907.55 $1,022.30 $0.00 $1,441.28 $257,371.13
158 $257,371.13 $1,022.30 $0.00 $1,455.21 $259,848.64
159 $259,848.64 $1,022.30 $0.00 $1,469.22 $262,340.16
160 $262,340.16 $1,022.30 $0.00 $1,483.31 $264,845.77
161 $264,845.77 $1,022.30 $0.00 $1,497.48 $267,365.55
162 $267,365.55 $1,022.30 $0.00 $1,511.72 $269,899.57
163 $269,899.57 $1,022.30 $0.00 $1,526.05 $272,447.92
164 $272,447.92 $1,022.30 $0.00 $1,540.46 $275,010.68
165 $275,010.68 $1,022.30 $0.00 $1,554.95 $277,587.93
166 $277,587.93 $1,022.30 $0.00 $1,569.52 $280,179.75
167 $280,179.75 $1,022.30 $0.00 $1,584.18 $282,786.23
168 $282,786.23 $1,022.30 $0.00 $1,598.91 $285,407.44
169 $285,407.44 $1,022.30 $0.00 $1,613.74 $288,043.48
170 $288,043.48 $1,022.30 $0.00 $1,628.64 $290,694.42
171 $290,694.42 $1,022.30 $0.00 $1,643.63 $293,360.35
172 $293,360.35 $1,022.30 $0.00 $1,658.70 $296,041.35
173 $296,041.35 $1,022.30 $0.00 $1,673.86 $298,737.51
174 $298,737.51 $1,022.30 $0.00 $1,689.11 $301,448.92
175 $301,448.92 $1,022.30 $0.00 $1,704.44 $304,175.66
176 $304,175.66 $1,022.30 $0.00 $1,719.85 $306,917.81
177 $306,917.81 $1,022.30 $0.00 $1,735.36 $309,675.47
178 $309,675.47 $1,022.30 $0.00 $1,750.95 $312,448.72
179 $312,448.72 $1,022.30 $0.00 $1,766.63 $315,237.65
180 $315,237.65 $1,022.30 $0.00 $1,782.40 $318,042.35
181 $318,042.35 $1,022.30 $0.00 $1,798.26 $320,862.91
182 $320,862.91 $1,022.30 $0.00 $1,814.21 $323,699.42
183 $323,699.42 $1,022.30 $0.00 $1,830.24 $326,551.96
184 $326,551.96 $1,022.30 $0.00 $1,846.37 $329,420.63
185 $329,420.63 $1,022.30 $0.00 $1,862.59 $332,305.52
186 $332,305.52 $1,022.30 $0.00 $1,878.90 $335,206.72
187 $335,206.72 $1,022.30 $0.00 $1,895.31 $338,124.33
188 $338,124.33 $1,022.30 $0.00 $1,911.80 $341,058.43
189 $341,058.43 $1,022.30 $0.00 $1,928.39 $344,009.12
190 $344,009.12 $1,022.30 $0.00 $1,945.08 $346,976.50
191 $346,976.50 $1,022.30 $0.00 $1,961.86 $349,960.66
192 $349,960.66 $1,022.30 $0.00 $1,978.73 $352,961.69
193 $352,961.69 $1,022.30 $0.00 $1,995.70 $355,979.69
194 $355,979.69 $1,022.30 $0.00 $2,012.76 $359,014.75
195 $359,014.75 $1,022.30 $0.00 $2,029.92 $362,066.97
196 $362,066.97 $1,022.30 $0.00 $2,047.18 $365,136.45
197 $365,136.45 $1,022.30 $0.00 $2,064.53 $368,223.28
198 $368,223.28 $1,022.30 $0.00 $2,081.99 $371,327.57
199 $371,327.57 $1,022.30 $0.00 $2,099.54 $374,449.41
200 $374,449.41 $1,022.30 $0.00 $2,117.19 $377,588.90
201 $377,588.90 $1,022.30 $0.00 $2,134.94 $380,746.14
202 $380,746.14 $1,022.30 $0.00 $2,152.79 $383,921.23
203 $383,921.23 $1,022.30 $0.00 $2,170.75 $387,114.28
204 $387,114.28 $1,022.30 $0.00 $2,188.80 $390,325.38
205 $390,325.38 $1,022.30 $0.00 $2,206.96 $393,554.64
206 $393,554.64 $1,022.30 $0.00 $2,225.22 $396,802.16
207 $396,802.16 $1,022.30 $0.00 $2,243.58 $400,068.04
208 $400,068.04 $1,022.30 $0.00 $2,262.04 $403,352.38
209 $403,352.38 $1,022.30 $0.00 $2,280.61 $406,655.29
210 $406,655.29 $1,022.30 $0.00 $2,299.29 $409,976.88
211 $409,976.88 $1,022.30 $0.00 $2,318.07 $413,317.25
212 $413,317.25 $1,022.30 $0.00 $2,336.96 $416,676.51
213 $416,676.51 $1,022.30 $0.00 $2,355.95 $420,054.76
214 $420,054.76 $1,022.30 $0.00 $2,375.05 $423,452.11
215 $423,452.11 $1,022.30 $0.00 $2,394.26 $426,868.67
216 $426,868.67 $1,022.30 $0.00 $2,413.58 $430,304.55
217 $430,304.55 $1,022.30 $119,854.45 $2,433.00 $313,905.40
218 $313,905.40 $1,022.30 $0.00 $1,774.87 $316,702.57
219 $316,702.57 $1,022.30 $0.00 $1,790.68 $319,515.55
220 $319,515.55 $1,022.30 $0.00 $1,806.59 $322,344.44
221 $322,344.44 $1,022.30 $0.00 $1,822.58 $325,189.32
222 $325,189.32 $1,022.30 $0.00 $1,838.67 $328,050.29
223 $328,050.29 $1,022.30 $0.00 $1,854.84 $330,927.43
224 $330,927.43 $1,022.30 $0.00 $1,871.11 $333,820.84
225 $333,820.84 $1,022.30 $0.00 $1,887.47 $336,730.61
226 $336,730.61 $1,022.30 $0.00 $1,903.92 $339,656.83
227 $339,656.83 $1,022.30 $0.00 $1,920.47 $342,599.60
228 $342,599.60 $1,022.30 $0.00 $1,937.11 $345,559.01
229 $345,559.01 $1,022.30 $125,847.17 $1,953.84 $222,687.98
230 $222,687.98 $1,022.30 $0.00 $1,259.11 $224,969.39
231 $224,969.39 $1,022.30 $0.00 $1,272.01 $227,263.70
232 $227,263.70 $1,022.30 $0.00 $1,284.98 $229,570.98
233 $229,570.98 $1,022.30 $0.00 $1,298.03 $231,891.31
234 $231,891.31 $1,022.30 $0.00 $1,311.15 $234,224.76
235 $234,224.76 $1,022.30 $0.00 $1,324.34 $236,571.40
236 $236,571.40 $1,022.30 $0.00 $1,337.61 $238,931.31
237 $238,931.31 $1,022.30 $0.00 $1,350.95 $241,304.56
238 $241,304.56 $1,022.30 $0.00 $1,364.37 $243,691.23
239 $243,691.23 $1,022.30 $0.00 $1,377.87 $246,091.40
240 $246,091.40 $1,022.30 $0.00 $1,391.44 $248,505.14
241 $248,505.14 $1,022.30 $132,139.53 $1,405.08 $118,792.99
242 $118,792.99 $1,022.30 $0.00 $671.67 $120,486.96
243 $120,486.96 $1,022.30 $0.00 $681.25 $122,190.51
244 $122,190.51 $1,022.30 $0.00 $690.88 $123,903.69
245 $123,903.69 $1,022.30 $0.00 $700.57 $125,626.56
246 $125,626.56 $1,022.30 $0.00 $710.31 $127,359.17
247 $127,359.17 $1,022.30 $0.00 $720.11 $129,101.58
248 $129,101.58 $1,022.30 $0.00 $729.96 $130,853.84
249 $130,853.84 $1,022.30 $0.00 $739.87 $132,616.01
250 $132,616.01 $1,022.30 $0.00 $749.83 $134,388.14
251 $134,388.14 $1,022.30 $0.00 $759.85 $136,170.29
252 $136,170.29 $1,022.30 $0.00 $769.93 $137,962.52
253 $137,962.52 $0.00 $138,746.51 $780.06 ($3.93)