Savings Plan and Future Cost Estimation for Fairfield University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$277,943
Monthly savings required$2,197

How much will it cost to send your child to Fairfield University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $1,111,771.86 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $2,196.64 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$74,085.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $2,196.64 $0.00 $0.00 $2,196.64
2 $2,196.64 $2,196.64 $0.00 $12.42 $4,405.70
3 $4,405.70 $2,196.64 $0.00 $24.91 $6,627.25
4 $6,627.25 $2,196.64 $0.00 $37.47 $8,861.36
5 $8,861.36 $2,196.64 $0.00 $50.10 $11,108.10
6 $11,108.10 $2,196.64 $0.00 $62.81 $13,367.55
7 $13,367.55 $2,196.64 $0.00 $75.58 $15,639.77
8 $15,639.77 $2,196.64 $0.00 $88.43 $17,924.84
9 $17,924.84 $2,196.64 $0.00 $101.35 $20,222.83
10 $20,222.83 $2,196.64 $0.00 $114.34 $22,533.81
11 $22,533.81 $2,196.64 $0.00 $127.41 $24,857.86
12 $24,857.86 $2,196.64 $0.00 $140.55 $27,195.05
13 $27,195.05 $2,196.64 $0.00 $153.76 $29,545.45
14 $29,545.45 $2,196.64 $0.00 $167.05 $31,909.14
15 $31,909.14 $2,196.64 $0.00 $180.42 $34,286.20
16 $34,286.20 $2,196.64 $0.00 $193.86 $36,676.70
17 $36,676.70 $2,196.64 $0.00 $207.38 $39,080.72
18 $39,080.72 $2,196.64 $0.00 $220.97 $41,498.33
19 $41,498.33 $2,196.64 $0.00 $234.64 $43,929.61
20 $43,929.61 $2,196.64 $0.00 $248.38 $46,374.63
21 $46,374.63 $2,196.64 $0.00 $262.21 $48,833.48
22 $48,833.48 $2,196.64 $0.00 $276.11 $51,306.23
23 $51,306.23 $2,196.64 $0.00 $290.09 $53,792.96
24 $53,792.96 $2,196.64 $0.00 $304.15 $56,293.75
25 $56,293.75 $2,196.64 $0.00 $318.29 $58,808.68
26 $58,808.68 $2,196.64 $0.00 $332.51 $61,337.83
27 $61,337.83 $2,196.64 $0.00 $346.81 $63,881.28
28 $63,881.28 $2,196.64 $0.00 $361.19 $66,439.11
29 $66,439.11 $2,196.64 $0.00 $375.66 $69,011.41
30 $69,011.41 $2,196.64 $0.00 $390.20 $71,598.25
31 $71,598.25 $2,196.64 $0.00 $404.83 $74,199.72
32 $74,199.72 $2,196.64 $0.00 $419.54 $76,815.90
33 $76,815.90 $2,196.64 $0.00 $434.33 $79,446.87
34 $79,446.87 $2,196.64 $0.00 $449.20 $82,092.71
35 $82,092.71 $2,196.64 $0.00 $464.16 $84,753.51
36 $84,753.51 $2,196.64 $0.00 $479.21 $87,429.36
37 $87,429.36 $2,196.64 $0.00 $494.34 $90,120.34
38 $90,120.34 $2,196.64 $0.00 $509.55 $92,826.53
39 $92,826.53 $2,196.64 $0.00 $524.85 $95,548.02
40 $95,548.02 $2,196.64 $0.00 $540.24 $98,284.90
41 $98,284.90 $2,196.64 $0.00 $555.72 $101,037.26
42 $101,037.26 $2,196.64 $0.00 $571.28 $103,805.18
43 $103,805.18 $2,196.64 $0.00 $586.93 $106,588.75
44 $106,588.75 $2,196.64 $0.00 $602.67 $109,388.06
45 $109,388.06 $2,196.64 $0.00 $618.50 $112,203.20
46 $112,203.20 $2,196.64 $0.00 $634.41 $115,034.25
47 $115,034.25 $2,196.64 $0.00 $650.42 $117,881.31
48 $117,881.31 $2,196.64 $0.00 $666.52 $120,744.47
49 $120,744.47 $2,196.64 $0.00 $682.71 $123,623.82
50 $123,623.82 $2,196.64 $0.00 $698.99 $126,519.45
51 $126,519.45 $2,196.64 $0.00 $715.36 $129,431.45
52 $129,431.45 $2,196.64 $0.00 $731.82 $132,359.91
53 $132,359.91 $2,196.64 $0.00 $748.38 $135,304.93
54 $135,304.93 $2,196.64 $0.00 $765.03 $138,266.60
55 $138,266.60 $2,196.64 $0.00 $781.78 $141,245.02
56 $141,245.02 $2,196.64 $0.00 $798.62 $144,240.28
57 $144,240.28 $2,196.64 $0.00 $815.56 $147,252.48
58 $147,252.48 $2,196.64 $0.00 $832.59 $150,281.71
59 $150,281.71 $2,196.64 $0.00 $849.71 $153,328.06
60 $153,328.06 $2,196.64 $0.00 $866.94 $156,391.64
61 $156,391.64 $2,196.64 $0.00 $884.26 $159,472.54
62 $159,472.54 $2,196.64 $0.00 $901.68 $162,570.86
63 $162,570.86 $2,196.64 $0.00 $919.20 $165,686.70
64 $165,686.70 $2,196.64 $0.00 $936.82 $168,820.16
65 $168,820.16 $2,196.64 $0.00 $954.53 $171,971.33
66 $171,971.33 $2,196.64 $0.00 $972.35 $175,140.32
67 $175,140.32 $2,196.64 $0.00 $990.27 $178,327.23
68 $178,327.23 $2,196.64 $0.00 $1,008.29 $181,532.16
69 $181,532.16 $2,196.64 $0.00 $1,026.41 $184,755.21
70 $184,755.21 $2,196.64 $0.00 $1,044.63 $187,996.48
71 $187,996.48 $2,196.64 $0.00 $1,062.96 $191,256.08
72 $191,256.08 $2,196.64 $0.00 $1,081.39 $194,534.11
73 $194,534.11 $2,196.64 $0.00 $1,099.92 $197,830.67
74 $197,830.67 $2,196.64 $0.00 $1,118.56 $201,145.87
75 $201,145.87 $2,196.64 $0.00 $1,137.31 $204,479.82
76 $204,479.82 $2,196.64 $0.00 $1,156.16 $207,832.62
77 $207,832.62 $2,196.64 $0.00 $1,175.12 $211,204.38
78 $211,204.38 $2,196.64 $0.00 $1,194.18 $214,595.20
79 $214,595.20 $2,196.64 $0.00 $1,213.35 $218,005.19
80 $218,005.19 $2,196.64 $0.00 $1,232.63 $221,434.46
81 $221,434.46 $2,196.64 $0.00 $1,252.02 $224,883.12
82 $224,883.12 $2,196.64 $0.00 $1,271.52 $228,351.28
83 $228,351.28 $2,196.64 $0.00 $1,291.13 $231,839.05
84 $231,839.05 $2,196.64 $0.00 $1,310.85 $235,346.54
85 $235,346.54 $2,196.64 $0.00 $1,330.68 $238,873.86
86 $238,873.86 $2,196.64 $0.00 $1,350.63 $242,421.13
87 $242,421.13 $2,196.64 $0.00 $1,370.68 $245,988.45
88 $245,988.45 $2,196.64 $0.00 $1,390.85 $249,575.94
89 $249,575.94 $2,196.64 $0.00 $1,411.14 $253,183.72
90 $253,183.72 $2,196.64 $0.00 $1,431.54 $256,811.90
91 $256,811.90 $2,196.64 $0.00 $1,452.05 $260,460.59
92 $260,460.59 $2,196.64 $0.00 $1,472.68 $264,129.91
93 $264,129.91 $2,196.64 $0.00 $1,493.43 $267,819.98
94 $267,819.98 $2,196.64 $0.00 $1,514.29 $271,530.91
95 $271,530.91 $2,196.64 $0.00 $1,535.28 $275,262.83
96 $275,262.83 $2,196.64 $0.00 $1,556.38 $279,015.85
97 $279,015.85 $2,196.64 $0.00 $1,577.60 $282,790.09
98 $282,790.09 $2,196.64 $0.00 $1,598.94 $286,585.67
99 $286,585.67 $2,196.64 $0.00 $1,620.40 $290,402.71
100 $290,402.71 $2,196.64 $0.00 $1,641.98 $294,241.33
101 $294,241.33 $2,196.64 $0.00 $1,663.68 $298,101.65
102 $298,101.65 $2,196.64 $0.00 $1,685.51 $301,983.80
103 $301,983.80 $2,196.64 $0.00 $1,707.46 $305,887.90
104 $305,887.90 $2,196.64 $0.00 $1,729.53 $309,814.07
105 $309,814.07 $2,196.64 $0.00 $1,751.73 $313,762.44
106 $313,762.44 $2,196.64 $0.00 $1,774.06 $317,733.14
107 $317,733.14 $2,196.64 $0.00 $1,796.51 $321,726.29
108 $321,726.29 $2,196.64 $0.00 $1,819.09 $325,742.02
109 $325,742.02 $2,196.64 $0.00 $1,841.79 $329,780.45
110 $329,780.45 $2,196.64 $0.00 $1,864.63 $333,841.72
111 $333,841.72 $2,196.64 $0.00 $1,887.59 $337,925.95
112 $337,925.95 $2,196.64 $0.00 $1,910.68 $342,033.27
113 $342,033.27 $2,196.64 $0.00 $1,933.91 $346,163.82
114 $346,163.82 $2,196.64 $0.00 $1,957.26 $350,317.72
115 $350,317.72 $2,196.64 $0.00 $1,980.75 $354,495.11
116 $354,495.11 $2,196.64 $0.00 $2,004.37 $358,696.12
117 $358,696.12 $2,196.64 $0.00 $2,028.12 $362,920.88
118 $362,920.88 $2,196.64 $0.00 $2,052.01 $367,169.53
119 $367,169.53 $2,196.64 $0.00 $2,076.03 $371,442.20
120 $371,442.20 $2,196.64 $0.00 $2,100.19 $375,739.03
121 $375,739.03 $2,196.64 $0.00 $2,124.48 $380,060.15
122 $380,060.15 $2,196.64 $0.00 $2,148.92 $384,405.71
123 $384,405.71 $2,196.64 $0.00 $2,173.49 $388,775.84
124 $388,775.84 $2,196.64 $0.00 $2,198.20 $393,170.68
125 $393,170.68 $2,196.64 $0.00 $2,223.04 $397,590.36
126 $397,590.36 $2,196.64 $0.00 $2,248.03 $402,035.03
127 $402,035.03 $2,196.64 $0.00 $2,273.16 $406,504.83
128 $406,504.83 $2,196.64 $0.00 $2,298.44 $410,999.91
129 $410,999.91 $2,196.64 $0.00 $2,323.85 $415,520.40
130 $415,520.40 $2,196.64 $0.00 $2,349.41 $420,066.45
131 $420,066.45 $2,196.64 $0.00 $2,375.12 $424,638.21
132 $424,638.21 $2,196.64 $0.00 $2,400.97 $429,235.82
133 $429,235.82 $2,196.64 $0.00 $2,426.96 $433,859.42
134 $433,859.42 $2,196.64 $0.00 $2,453.10 $438,509.16
135 $438,509.16 $2,196.64 $0.00 $2,479.39 $443,185.19
136 $443,185.19 $2,196.64 $0.00 $2,505.83 $447,887.66
137 $447,887.66 $2,196.64 $0.00 $2,532.42 $452,616.72
138 $452,616.72 $2,196.64 $0.00 $2,559.16 $457,372.52
139 $457,372.52 $2,196.64 $0.00 $2,586.05 $462,155.21
140 $462,155.21 $2,196.64 $0.00 $2,613.09 $466,964.94
141 $466,964.94 $2,196.64 $0.00 $2,640.29 $471,801.87
142 $471,801.87 $2,196.64 $0.00 $2,667.64 $476,666.15
143 $476,666.15 $2,196.64 $0.00 $2,695.14 $481,557.93
144 $481,557.93 $2,196.64 $0.00 $2,722.80 $486,477.37
145 $486,477.37 $2,196.64 $0.00 $2,750.61 $491,424.62
146 $491,424.62 $2,196.64 $0.00 $2,778.59 $496,399.85
147 $496,399.85 $2,196.64 $0.00 $2,806.72 $501,403.21
148 $501,403.21 $2,196.64 $0.00 $2,835.01 $506,434.86
149 $506,434.86 $2,196.64 $0.00 $2,863.46 $511,494.96
150 $511,494.96 $2,196.64 $0.00 $2,892.07 $516,583.67
151 $516,583.67 $2,196.64 $0.00 $2,920.84 $521,701.15
152 $521,701.15 $2,196.64 $0.00 $2,949.77 $526,847.56
153 $526,847.56 $2,196.64 $0.00 $2,978.87 $532,023.07
154 $532,023.07 $2,196.64 $0.00 $3,008.14 $537,227.85
155 $537,227.85 $2,196.64 $0.00 $3,037.56 $542,462.05
156 $542,462.05 $2,196.64 $0.00 $3,067.16 $547,725.85
157 $547,725.85 $2,196.64 $0.00 $3,096.92 $553,019.41
158 $553,019.41 $2,196.64 $0.00 $3,126.85 $558,342.90
159 $558,342.90 $2,196.64 $0.00 $3,156.95 $563,696.49
160 $563,696.49 $2,196.64 $0.00 $3,187.22 $569,080.35
161 $569,080.35 $2,196.64 $0.00 $3,217.66 $574,494.65
162 $574,494.65 $2,196.64 $0.00 $3,248.28 $579,939.57
163 $579,939.57 $2,196.64 $0.00 $3,279.06 $585,415.27
164 $585,415.27 $2,196.64 $0.00 $3,310.02 $590,921.93
165 $590,921.93 $2,196.64 $0.00 $3,341.16 $596,459.73
166 $596,459.73 $2,196.64 $0.00 $3,372.47 $602,028.84
167 $602,028.84 $2,196.64 $0.00 $3,403.96 $607,629.44
168 $607,629.44 $2,196.64 $0.00 $3,435.63 $613,261.71
169 $613,261.71 $2,196.64 $0.00 $3,467.47 $618,925.82
170 $618,925.82 $2,196.64 $0.00 $3,499.50 $624,621.96
171 $624,621.96 $2,196.64 $0.00 $3,531.70 $630,350.30
172 $630,350.30 $2,196.64 $0.00 $3,564.09 $636,111.03
173 $636,111.03 $2,196.64 $0.00 $3,596.66 $641,904.33
174 $641,904.33 $2,196.64 $0.00 $3,629.42 $647,730.39
175 $647,730.39 $2,196.64 $0.00 $3,662.36 $653,589.39
176 $653,589.39 $2,196.64 $0.00 $3,695.49 $659,481.52
177 $659,481.52 $2,196.64 $0.00 $3,728.80 $665,406.96
178 $665,406.96 $2,196.64 $0.00 $3,762.31 $671,365.91
179 $671,365.91 $2,196.64 $0.00 $3,796.00 $677,358.55
180 $677,358.55 $2,196.64 $0.00 $3,829.88 $683,385.07
181 $683,385.07 $2,196.64 $0.00 $3,863.96 $689,445.67
182 $689,445.67 $2,196.64 $0.00 $3,898.23 $695,540.54
183 $695,540.54 $2,196.64 $0.00 $3,932.69 $701,669.87
184 $701,669.87 $2,196.64 $0.00 $3,967.34 $707,833.85
185 $707,833.85 $2,196.64 $0.00 $4,002.20 $714,032.69
186 $714,032.69 $2,196.64 $0.00 $4,037.24 $720,266.57
187 $720,266.57 $2,196.64 $0.00 $4,072.49 $726,535.70
188 $726,535.70 $2,196.64 $0.00 $4,107.94 $732,840.28
189 $732,840.28 $2,196.64 $0.00 $4,143.59 $739,180.51
190 $739,180.51 $2,196.64 $0.00 $4,179.43 $745,556.58
191 $745,556.58 $2,196.64 $0.00 $4,215.49 $751,968.71
192 $751,968.71 $2,196.64 $0.00 $4,251.74 $758,417.09
193 $758,417.09 $2,196.64 $0.00 $4,288.20 $764,901.93
194 $764,901.93 $2,196.64 $0.00 $4,324.87 $771,423.44
195 $771,423.44 $2,196.64 $0.00 $4,361.74 $777,981.82
196 $777,981.82 $2,196.64 $0.00 $4,398.82 $784,577.28
197 $784,577.28 $2,196.64 $0.00 $4,436.11 $791,210.03
198 $791,210.03 $2,196.64 $0.00 $4,473.62 $797,880.29
199 $797,880.29 $2,196.64 $0.00 $4,511.33 $804,588.26
200 $804,588.26 $2,196.64 $0.00 $4,549.26 $811,334.16
201 $811,334.16 $2,196.64 $0.00 $4,587.40 $818,118.20
202 $818,118.20 $2,196.64 $0.00 $4,625.76 $824,940.60
203 $824,940.60 $2,196.64 $0.00 $4,664.33 $831,801.57
204 $831,801.57 $2,196.64 $0.00 $4,703.13 $838,701.34
205 $838,701.34 $2,196.64 $0.00 $4,742.14 $845,640.12
206 $845,640.12 $2,196.64 $0.00 $4,781.37 $852,618.13
207 $852,618.13 $2,196.64 $0.00 $4,820.83 $859,635.60
208 $859,635.60 $2,196.64 $0.00 $4,860.50 $866,692.74
209 $866,692.74 $2,196.64 $0.00 $4,900.41 $873,789.79
210 $873,789.79 $2,196.64 $0.00 $4,940.53 $880,926.96
211 $880,926.96 $2,196.64 $0.00 $4,980.89 $888,104.49
212 $888,104.49 $2,196.64 $0.00 $5,021.47 $895,322.60
213 $895,322.60 $2,196.64 $0.00 $5,062.28 $902,581.52
214 $902,581.52 $2,196.64 $0.00 $5,103.33 $909,881.49
215 $909,881.49 $2,196.64 $0.00 $5,144.60 $917,222.73
216 $917,222.73 $2,196.64 $0.00 $5,186.11 $924,605.48
217 $924,605.48 $2,196.64 $250,402.28 $5,227.85 $681,627.69
218 $681,627.69 $2,196.64 $0.00 $3,854.02 $687,678.35
219 $687,678.35 $2,196.64 $0.00 $3,888.23 $693,763.22
220 $693,763.22 $2,196.64 $0.00 $3,922.64 $699,882.50
221 $699,882.50 $2,196.64 $0.00 $3,957.24 $706,036.38
222 $706,036.38 $2,196.64 $0.00 $3,992.03 $712,225.05
223 $712,225.05 $2,196.64 $0.00 $4,027.02 $718,448.71
224 $718,448.71 $2,196.64 $0.00 $4,062.21 $724,707.56
225 $724,707.56 $2,196.64 $0.00 $4,097.60 $731,001.80
226 $731,001.80 $2,196.64 $0.00 $4,133.19 $737,331.63
227 $737,331.63 $2,196.64 $0.00 $4,168.98 $743,697.25
228 $743,697.25 $2,196.64 $0.00 $4,204.97 $750,098.86
229 $750,098.86 $2,196.64 $267,930.44 $4,241.17 $488,606.23
230 $488,606.23 $2,196.64 $0.00 $2,762.65 $493,565.52
231 $493,565.52 $2,196.64 $0.00 $2,790.69 $498,552.85
232 $498,552.85 $2,196.64 $0.00 $2,818.89 $503,568.38
233 $503,568.38 $2,196.64 $0.00 $2,847.25 $508,612.27
234 $508,612.27 $2,196.64 $0.00 $2,875.77 $513,684.68
235 $513,684.68 $2,196.64 $0.00 $2,904.45 $518,785.77
236 $518,785.77 $2,196.64 $0.00 $2,933.29 $523,915.70
237 $523,915.70 $2,196.64 $0.00 $2,962.30 $529,074.64
238 $529,074.64 $2,196.64 $0.00 $2,991.46 $534,262.74
239 $534,262.74 $2,196.64 $0.00 $3,020.80 $539,480.18
240 $539,480.18 $2,196.64 $0.00 $3,050.30 $544,727.12
241 $544,727.12 $2,196.64 $286,685.57 $3,079.97 $263,318.16
242 $263,318.16 $2,196.64 $0.00 $1,488.84 $267,003.64
243 $267,003.64 $2,196.64 $0.00 $1,509.68 $270,709.96
244 $270,709.96 $2,196.64 $0.00 $1,530.63 $274,437.23
245 $274,437.23 $2,196.64 $0.00 $1,551.71 $278,185.58
246 $278,185.58 $2,196.64 $0.00 $1,572.90 $281,955.12
247 $281,955.12 $2,196.64 $0.00 $1,594.22 $285,745.98
248 $285,745.98 $2,196.64 $0.00 $1,615.65 $289,558.27
249 $289,558.27 $2,196.64 $0.00 $1,637.20 $293,392.11
250 $293,392.11 $2,196.64 $0.00 $1,658.88 $297,247.63
251 $297,247.63 $2,196.64 $0.00 $1,680.68 $301,124.95
252 $301,124.95 $2,196.64 $0.00 $1,702.60 $305,024.19
253 $305,024.19 $0.00 $306,753.56 $1,724.65 -$4.72