Savings Plan and Future Cost Estimation for Connecticut College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$308,707
Monthly savings required$2,440

How much will it cost to send your child to Connecticut College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $1,234,826.86 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $2,439.79 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$82,285.00
Years until enrollment18
Annual Tuition Increase7%
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 $2,439.79 $0.00 $0.00 $2,439.79
2 $2,439.79 $2,439.79 $0.00 $13.79 $4,893.37
3 $4,893.37 $2,439.79 $0.00 $27.67 $7,360.83
4 $7,360.83 $2,439.79 $0.00 $41.62 $9,842.24
5 $9,842.24 $2,439.79 $0.00 $55.65 $12,337.68
6 $12,337.68 $2,439.79 $0.00 $69.76 $14,847.23
7 $14,847.23 $2,439.79 $0.00 $83.95 $17,370.97
8 $17,370.97 $2,439.79 $0.00 $98.22 $19,908.98
9 $19,908.98 $2,439.79 $0.00 $112.57 $22,461.34
10 $22,461.34 $2,439.79 $0.00 $127.00 $25,028.13
11 $25,028.13 $2,439.79 $0.00 $141.51 $27,609.43
12 $27,609.43 $2,439.79 $0.00 $156.11 $30,205.33
13 $30,205.33 $2,439.79 $0.00 $170.79 $32,815.91
14 $32,815.91 $2,439.79 $0.00 $185.55 $35,441.25
15 $35,441.25 $2,439.79 $0.00 $200.39 $38,081.43
16 $38,081.43 $2,439.79 $0.00 $215.32 $40,736.54
17 $40,736.54 $2,439.79 $0.00 $230.33 $43,406.66
18 $43,406.66 $2,439.79 $0.00 $245.43 $46,091.88
19 $46,091.88 $2,439.79 $0.00 $260.61 $48,792.28
20 $48,792.28 $2,439.79 $0.00 $275.88 $51,507.95
21 $51,507.95 $2,439.79 $0.00 $291.23 $54,238.97
22 $54,238.97 $2,439.79 $0.00 $306.68 $56,985.44
23 $56,985.44 $2,439.79 $0.00 $322.20 $59,747.43
24 $59,747.43 $2,439.79 $0.00 $337.82 $62,525.04
25 $62,525.04 $2,439.79 $0.00 $353.53 $65,318.36
26 $65,318.36 $2,439.79 $0.00 $369.32 $68,127.47
27 $68,127.47 $2,439.79 $0.00 $385.20 $70,952.46
28 $70,952.46 $2,439.79 $0.00 $401.18 $73,793.43
29 $73,793.43 $2,439.79 $0.00 $417.24 $76,650.46
30 $76,650.46 $2,439.79 $0.00 $433.39 $79,523.64
31 $79,523.64 $2,439.79 $0.00 $449.64 $82,413.07
32 $82,413.07 $2,439.79 $0.00 $465.98 $85,318.84
33 $85,318.84 $2,439.79 $0.00 $482.41 $88,241.04
34 $88,241.04 $2,439.79 $0.00 $498.93 $91,179.76
35 $91,179.76 $2,439.79 $0.00 $515.54 $94,135.09
36 $94,135.09 $2,439.79 $0.00 $532.25 $97,107.13
37 $97,107.13 $2,439.79 $0.00 $549.06 $100,095.98
38 $100,095.98 $2,439.79 $0.00 $565.96 $103,101.73
39 $103,101.73 $2,439.79 $0.00 $582.95 $106,124.47
40 $106,124.47 $2,439.79 $0.00 $600.04 $109,164.30
41 $109,164.30 $2,439.79 $0.00 $617.23 $112,221.32
42 $112,221.32 $2,439.79 $0.00 $634.52 $115,295.63
43 $115,295.63 $2,439.79 $0.00 $651.90 $118,387.32
44 $118,387.32 $2,439.79 $0.00 $669.38 $121,496.49
45 $121,496.49 $2,439.79 $0.00 $686.96 $124,623.24
46 $124,623.24 $2,439.79 $0.00 $704.64 $127,767.67
47 $127,767.67 $2,439.79 $0.00 $722.42 $130,929.88
48 $130,929.88 $2,439.79 $0.00 $740.30 $134,109.97
49 $134,109.97 $2,439.79 $0.00 $758.28 $137,308.04
50 $137,308.04 $2,439.79 $0.00 $776.36 $140,524.19
51 $140,524.19 $2,439.79 $0.00 $794.54 $143,758.52
52 $143,758.52 $2,439.79 $0.00 $812.83 $147,011.14
53 $147,011.14 $2,439.79 $0.00 $831.22 $150,282.15
54 $150,282.15 $2,439.79 $0.00 $849.72 $153,571.66
55 $153,571.66 $2,439.79 $0.00 $868.32 $156,879.77
56 $156,879.77 $2,439.79 $0.00 $887.02 $160,206.58
57 $160,206.58 $2,439.79 $0.00 $905.83 $163,552.20
58 $163,552.20 $2,439.79 $0.00 $924.75 $166,916.74
59 $166,916.74 $2,439.79 $0.00 $943.77 $170,300.30
60 $170,300.30 $2,439.79 $0.00 $962.90 $173,702.99
61 $173,702.99 $2,439.79 $0.00 $982.14 $177,124.92
62 $177,124.92 $2,439.79 $0.00 $1,001.49 $180,566.20
63 $180,566.20 $2,439.79 $0.00 $1,020.95 $184,026.94
64 $184,026.94 $2,439.79 $0.00 $1,040.52 $187,507.25
65 $187,507.25 $2,439.79 $0.00 $1,060.19 $191,007.23
66 $191,007.23 $2,439.79 $0.00 $1,079.98 $194,527.00
67 $194,527.00 $2,439.79 $0.00 $1,099.88 $198,066.67
68 $198,066.67 $2,439.79 $0.00 $1,119.90 $201,626.36
69 $201,626.36 $2,439.79 $0.00 $1,140.02 $205,206.17
70 $205,206.17 $2,439.79 $0.00 $1,160.27 $208,806.23
71 $208,806.23 $2,439.79 $0.00 $1,180.62 $212,426.64
72 $212,426.64 $2,439.79 $0.00 $1,201.09 $216,067.52
73 $216,067.52 $2,439.79 $0.00 $1,221.68 $219,728.99
74 $219,728.99 $2,439.79 $0.00 $1,242.38 $223,411.16
75 $223,411.16 $2,439.79 $0.00 $1,263.20 $227,114.15
76 $227,114.15 $2,439.79 $0.00 $1,284.14 $230,838.08
77 $230,838.08 $2,439.79 $0.00 $1,305.19 $234,583.06
78 $234,583.06 $2,439.79 $0.00 $1,326.37 $238,349.22
79 $238,349.22 $2,439.79 $0.00 $1,347.66 $242,136.67
80 $242,136.67 $2,439.79 $0.00 $1,369.08 $245,945.54
81 $245,945.54 $2,439.79 $0.00 $1,390.61 $249,775.94
82 $249,775.94 $2,439.79 $0.00 $1,412.27 $253,628.00
83 $253,628.00 $2,439.79 $0.00 $1,434.05 $257,501.84
84 $257,501.84 $2,439.79 $0.00 $1,455.95 $261,397.58
85 $261,397.58 $2,439.79 $0.00 $1,477.98 $265,315.35
86 $265,315.35 $2,439.79 $0.00 $1,500.13 $269,255.27
87 $269,255.27 $2,439.79 $0.00 $1,522.41 $273,217.47
88 $273,217.47 $2,439.79 $0.00 $1,544.81 $277,202.07
89 $277,202.07 $2,439.79 $0.00 $1,567.34 $281,209.20
90 $281,209.20 $2,439.79 $0.00 $1,590.00 $285,238.99
91 $285,238.99 $2,439.79 $0.00 $1,612.78 $289,291.56
92 $289,291.56 $2,439.79 $0.00 $1,635.70 $293,367.05
93 $293,367.05 $2,439.79 $0.00 $1,658.74 $297,465.58
94 $297,465.58 $2,439.79 $0.00 $1,681.91 $301,587.28
95 $301,587.28 $2,439.79 $0.00 $1,705.22 $305,732.29
96 $305,732.29 $2,439.79 $0.00 $1,728.65 $309,900.73
97 $309,900.73 $2,439.79 $0.00 $1,752.22 $314,092.74
98 $314,092.74 $2,439.79 $0.00 $1,775.93 $318,308.46
99 $318,308.46 $2,439.79 $0.00 $1,799.76 $322,548.01
100 $322,548.01 $2,439.79 $0.00 $1,823.73 $326,811.53
101 $326,811.53 $2,439.79 $0.00 $1,847.84 $331,099.16
102 $331,099.16 $2,439.79 $0.00 $1,872.08 $335,411.03
103 $335,411.03 $2,439.79 $0.00 $1,896.46 $339,747.28
104 $339,747.28 $2,439.79 $0.00 $1,920.98 $344,108.05
105 $344,108.05 $2,439.79 $0.00 $1,945.64 $348,493.48
106 $348,493.48 $2,439.79 $0.00 $1,970.43 $352,903.70
107 $352,903.70 $2,439.79 $0.00 $1,995.37 $357,338.86
108 $357,338.86 $2,439.79 $0.00 $2,020.45 $361,799.10
109 $361,799.10 $2,439.79 $0.00 $2,045.66 $366,284.55
110 $366,284.55 $2,439.79 $0.00 $2,071.03 $370,795.37
111 $370,795.37 $2,439.79 $0.00 $2,096.53 $375,331.69
112 $375,331.69 $2,439.79 $0.00 $2,122.18 $379,893.66
113 $379,893.66 $2,439.79 $0.00 $2,147.97 $384,481.42
114 $384,481.42 $2,439.79 $0.00 $2,173.91 $389,095.12
115 $389,095.12 $2,439.79 $0.00 $2,200.00 $393,734.91
116 $393,734.91 $2,439.79 $0.00 $2,226.23 $398,400.93
117 $398,400.93 $2,439.79 $0.00 $2,252.62 $403,093.34
118 $403,093.34 $2,439.79 $0.00 $2,279.15 $407,812.28
119 $407,812.28 $2,439.79 $0.00 $2,305.83 $412,557.90
120 $412,557.90 $2,439.79 $0.00 $2,332.66 $417,330.35
121 $417,330.35 $2,439.79 $0.00 $2,359.65 $422,129.79
122 $422,129.79 $2,439.79 $0.00 $2,386.78 $426,956.36
123 $426,956.36 $2,439.79 $0.00 $2,414.07 $431,810.22
124 $431,810.22 $2,439.79 $0.00 $2,441.52 $436,691.53
125 $436,691.53 $2,439.79 $0.00 $2,469.12 $441,600.44
126 $441,600.44 $2,439.79 $0.00 $2,496.87 $446,537.10
127 $446,537.10 $2,439.79 $0.00 $2,524.79 $451,501.68
128 $451,501.68 $2,439.79 $0.00 $2,552.86 $456,494.33
129 $456,494.33 $2,439.79 $0.00 $2,581.09 $461,515.21
130 $461,515.21 $2,439.79 $0.00 $2,609.47 $466,564.47
131 $466,564.47 $2,439.79 $0.00 $2,638.02 $471,642.28
132 $471,642.28 $2,439.79 $0.00 $2,666.73 $476,748.80
133 $476,748.80 $2,439.79 $0.00 $2,695.61 $481,884.20
134 $481,884.20 $2,439.79 $0.00 $2,724.64 $487,048.63
135 $487,048.63 $2,439.79 $0.00 $2,753.84 $492,242.26
136 $492,242.26 $2,439.79 $0.00 $2,783.21 $497,465.26
137 $497,465.26 $2,439.79 $0.00 $2,812.74 $502,717.79
138 $502,717.79 $2,439.79 $0.00 $2,842.44 $508,000.02
139 $508,000.02 $2,439.79 $0.00 $2,872.31 $513,312.12
140 $513,312.12 $2,439.79 $0.00 $2,902.34 $518,654.25
141 $518,654.25 $2,439.79 $0.00 $2,932.55 $524,026.59
142 $524,026.59 $2,439.79 $0.00 $2,962.92 $529,429.30
143 $529,429.30 $2,439.79 $0.00 $2,993.47 $534,862.56
144 $534,862.56 $2,439.79 $0.00 $3,024.19 $540,326.54
145 $540,326.54 $2,439.79 $0.00 $3,055.08 $545,821.41
146 $545,821.41 $2,439.79 $0.00 $3,086.15 $551,347.35
147 $551,347.35 $2,439.79 $0.00 $3,117.40 $556,904.54
148 $556,904.54 $2,439.79 $0.00 $3,148.82 $562,493.15
149 $562,493.15 $2,439.79 $0.00 $3,180.42 $568,113.36
150 $568,113.36 $2,439.79 $0.00 $3,212.20 $573,765.35
151 $573,765.35 $2,439.79 $0.00 $3,244.15 $579,449.29
152 $579,449.29 $2,439.79 $0.00 $3,276.29 $585,165.37
153 $585,165.37 $2,439.79 $0.00 $3,308.61 $590,913.77
154 $590,913.77 $2,439.79 $0.00 $3,341.11 $596,694.67
155 $596,694.67 $2,439.79 $0.00 $3,373.80 $602,508.26
156 $602,508.26 $2,439.79 $0.00 $3,406.67 $608,354.72
157 $608,354.72 $2,439.79 $0.00 $3,439.73 $614,234.24
158 $614,234.24 $2,439.79 $0.00 $3,472.97 $620,147.00
159 $620,147.00 $2,439.79 $0.00 $3,506.40 $626,093.19
160 $626,093.19 $2,439.79 $0.00 $3,540.02 $632,073.00
161 $632,073.00 $2,439.79 $0.00 $3,573.83 $638,086.62
162 $638,086.62 $2,439.79 $0.00 $3,607.83 $644,134.24
163 $644,134.24 $2,439.79 $0.00 $3,642.03 $650,216.06
164 $650,216.06 $2,439.79 $0.00 $3,676.42 $656,332.27
165 $656,332.27 $2,439.79 $0.00 $3,711.00 $662,483.06
166 $662,483.06 $2,439.79 $0.00 $3,745.78 $668,668.63
167 $668,668.63 $2,439.79 $0.00 $3,780.75 $674,889.17
168 $674,889.17 $2,439.79 $0.00 $3,815.92 $681,144.88
169 $681,144.88 $2,439.79 $0.00 $3,851.29 $687,435.96
170 $687,435.96 $2,439.79 $0.00 $3,886.86 $693,762.61
171 $693,762.61 $2,439.79 $0.00 $3,922.63 $700,125.03
172 $700,125.03 $2,439.79 $0.00 $3,958.61 $706,523.43
173 $706,523.43 $2,439.79 $0.00 $3,994.79 $712,958.01
174 $712,958.01 $2,439.79 $0.00 $4,031.17 $719,428.97
175 $719,428.97 $2,439.79 $0.00 $4,067.76 $725,936.52
176 $725,936.52 $2,439.79 $0.00 $4,104.55 $732,480.86
177 $732,480.86 $2,439.79 $0.00 $4,141.55 $739,062.20
178 $739,062.20 $2,439.79 $0.00 $4,178.77 $745,680.76
179 $745,680.76 $2,439.79 $0.00 $4,216.19 $752,336.74
180 $752,336.74 $2,439.79 $0.00 $4,253.82 $759,030.35
181 $759,030.35 $2,439.79 $0.00 $4,291.67 $765,761.81
182 $765,761.81 $2,439.79 $0.00 $4,329.73 $772,531.33
183 $772,531.33 $2,439.79 $0.00 $4,368.00 $779,339.12
184 $779,339.12 $2,439.79 $0.00 $4,406.50 $786,185.41
185 $786,185.41 $2,439.79 $0.00 $4,445.21 $793,070.41
186 $793,070.41 $2,439.79 $0.00 $4,484.14 $799,994.34
187 $799,994.34 $2,439.79 $0.00 $4,523.28 $806,957.41
188 $806,957.41 $2,439.79 $0.00 $4,562.65 $813,959.85
189 $813,959.85 $2,439.79 $0.00 $4,602.25 $821,001.89
190 $821,001.89 $2,439.79 $0.00 $4,642.06 $828,083.74
191 $828,083.74 $2,439.79 $0.00 $4,682.11 $835,205.64
192 $835,205.64 $2,439.79 $0.00 $4,722.37 $842,367.80
193 $842,367.80 $2,439.79 $0.00 $4,762.87 $849,570.46
194 $849,570.46 $2,439.79 $0.00 $4,803.59 $856,813.84
195 $856,813.84 $2,439.79 $0.00 $4,844.55 $864,098.18
196 $864,098.18 $2,439.79 $0.00 $4,885.74 $871,423.71
197 $871,423.71 $2,439.79 $0.00 $4,927.16 $878,790.66
198 $878,790.66 $2,439.79 $0.00 $4,968.81 $886,199.26
199 $886,199.26 $2,439.79 $0.00 $5,010.70 $893,649.75
200 $893,649.75 $2,439.79 $0.00 $5,052.83 $901,142.37
201 $901,142.37 $2,439.79 $0.00 $5,095.19 $908,677.35
202 $908,677.35 $2,439.79 $0.00 $5,137.79 $916,254.93
203 $916,254.93 $2,439.79 $0.00 $5,180.64 $923,875.36
204 $923,875.36 $2,439.79 $0.00 $5,223.73 $931,538.88
205 $931,538.88 $2,439.79 $0.00 $5,267.06 $939,245.73
206 $939,245.73 $2,439.79 $0.00 $5,310.63 $946,996.15
207 $946,996.15 $2,439.79 $0.00 $5,354.45 $954,790.39
208 $954,790.39 $2,439.79 $0.00 $5,398.52 $962,628.70
209 $962,628.70 $2,439.79 $0.00 $5,442.84 $970,511.33
210 $970,511.33 $2,439.79 $0.00 $5,487.41 $978,438.53
211 $978,438.53 $2,439.79 $0.00 $5,532.23 $986,410.55
212 $986,410.55 $2,439.79 $0.00 $5,577.31 $994,427.65
213 $994,427.65 $2,439.79 $0.00 $5,622.64 $1,002,490.08
214 $1,002,490.08 $2,439.79 $0.00 $5,668.22 $1,010,598.09
215 $1,010,598.09 $2,439.79 $0.00 $5,714.07 $1,018,751.95
216 $1,018,751.95 $2,439.79 $0.00 $5,760.17 $1,026,951.91
217 $1,026,951.91 $2,439.79 $278,117.73 $5,806.54 $757,080.51
218 $757,080.51 $2,439.79 $0.00 $4,280.64 $763,800.94
219 $763,800.94 $2,439.79 $0.00 $4,318.64 $770,559.37
220 $770,559.37 $2,439.79 $0.00 $4,356.85 $777,356.01
221 $777,356.01 $2,439.79 $0.00 $4,395.28 $784,191.08
222 $784,191.08 $2,439.79 $0.00 $4,433.93 $791,064.80
223 $791,064.80 $2,439.79 $0.00 $4,472.80 $797,977.39
224 $797,977.39 $2,439.79 $0.00 $4,511.88 $804,929.06
225 $804,929.06 $2,439.79 $0.00 $4,551.19 $811,920.04
226 $811,920.04 $2,439.79 $0.00 $4,590.71 $818,950.54
227 $818,950.54 $2,439.79 $0.00 $4,630.47 $826,020.80
228 $826,020.80 $2,439.79 $0.00 $4,670.44 $833,131.03
229 $833,131.03 $2,439.79 $297,585.97 $4,710.64 $542,695.49
230 $542,695.49 $2,439.79 $0.00 $3,068.48 $548,203.76
231 $548,203.76 $2,439.79 $0.00 $3,099.62 $553,743.17
232 $553,743.17 $2,439.79 $0.00 $3,130.94 $559,313.90
233 $559,313.90 $2,439.79 $0.00 $3,162.44 $564,916.13
234 $564,916.13 $2,439.79 $0.00 $3,194.12 $570,550.04
235 $570,550.04 $2,439.79 $0.00 $3,225.97 $576,215.80
236 $576,215.80 $2,439.79 $0.00 $3,258.01 $581,913.60
237 $581,913.60 $2,439.79 $0.00 $3,290.22 $587,643.61
238 $587,643.61 $2,439.79 $0.00 $3,322.62 $593,406.02
239 $593,406.02 $2,439.79 $0.00 $3,355.20 $599,201.01
240 $599,201.01 $2,439.79 $0.00 $3,387.97 $605,028.77
241 $605,028.77 $2,439.79 $318,416.99 $3,420.92 $292,472.49
242 $292,472.49 $2,439.79 $0.00 $1,653.68 $296,565.96
243 $296,565.96 $2,439.79 $0.00 $1,676.83 $300,682.58
244 $300,682.58 $2,439.79 $0.00 $1,700.10 $304,822.47
245 $304,822.47 $2,439.79 $0.00 $1,723.51 $308,985.77
246 $308,985.77 $2,439.79 $0.00 $1,747.05 $313,172.61
247 $313,172.61 $2,439.79 $0.00 $1,770.72 $317,383.12
248 $317,383.12 $2,439.79 $0.00 $1,794.53 $321,617.44
249 $321,617.44 $2,439.79 $0.00 $1,818.47 $325,875.70
250 $325,875.70 $2,439.79 $0.00 $1,842.55 $330,158.04
251 $330,158.04 $2,439.79 $0.00 $1,866.76 $334,464.59
252 $334,464.59 $2,439.79 $0.00 $1,891.11 $338,795.49
253 $338,795.49 $0.00 $340,706.18 $1,915.60 $4.91