Savings Plan and Future Cost Estimation for Paier College of Art Inc

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$173,553
Monthly savings required$1,372

How much will it cost to send your child to Paier College of Art Inc in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $694,210.25 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,371.62 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$46,260.00
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 $1,371.62 $0.00 $0.00 $1,371.62
2 $1,371.62 $1,371.62 $0.00 $7.76 $2,751.00
3 $2,751.00 $1,371.62 $0.00 $15.55 $4,138.17
4 $4,138.17 $1,371.62 $0.00 $23.40 $5,533.19
5 $5,533.19 $1,371.62 $0.00 $31.29 $6,936.10
6 $6,936.10 $1,371.62 $0.00 $39.22 $8,346.94
7 $8,346.94 $1,371.62 $0.00 $47.19 $9,765.75
8 $9,765.75 $1,371.62 $0.00 $55.22 $11,192.59
9 $11,192.59 $1,371.62 $0.00 $63.28 $12,627.49
10 $12,627.49 $1,371.62 $0.00 $71.40 $14,070.51
11 $14,070.51 $1,371.62 $0.00 $79.56 $15,521.69
12 $15,521.69 $1,371.62 $0.00 $87.76 $16,981.07
13 $16,981.07 $1,371.62 $0.00 $96.01 $18,448.70
14 $18,448.70 $1,371.62 $0.00 $104.31 $19,924.63
15 $19,924.63 $1,371.62 $0.00 $112.66 $21,408.91
16 $21,408.91 $1,371.62 $0.00 $121.05 $22,901.58
17 $22,901.58 $1,371.62 $0.00 $129.49 $24,402.69
18 $24,402.69 $1,371.62 $0.00 $137.98 $25,912.29
19 $25,912.29 $1,371.62 $0.00 $146.51 $27,430.42
20 $27,430.42 $1,371.62 $0.00 $155.10 $28,957.14
21 $28,957.14 $1,371.62 $0.00 $163.73 $30,492.49
22 $30,492.49 $1,371.62 $0.00 $172.41 $32,036.52
23 $32,036.52 $1,371.62 $0.00 $181.14 $33,589.28
24 $33,589.28 $1,371.62 $0.00 $189.92 $35,150.82
25 $35,150.82 $1,371.62 $0.00 $198.75 $36,721.19
26 $36,721.19 $1,371.62 $0.00 $207.63 $38,300.44
27 $38,300.44 $1,371.62 $0.00 $216.56 $39,888.62
28 $39,888.62 $1,371.62 $0.00 $225.54 $41,485.78
29 $41,485.78 $1,371.62 $0.00 $234.57 $43,091.97
30 $43,091.97 $1,371.62 $0.00 $243.65 $44,707.24
31 $44,707.24 $1,371.62 $0.00 $252.78 $46,331.64
32 $46,331.64 $1,371.62 $0.00 $261.97 $47,965.23
33 $47,965.23 $1,371.62 $0.00 $271.20 $49,608.05
34 $49,608.05 $1,371.62 $0.00 $280.49 $51,260.16
35 $51,260.16 $1,371.62 $0.00 $289.83 $52,921.61
36 $52,921.61 $1,371.62 $0.00 $299.23 $54,592.46
37 $54,592.46 $1,371.62 $0.00 $308.67 $56,272.75
38 $56,272.75 $1,371.62 $0.00 $318.17 $57,962.54
39 $57,962.54 $1,371.62 $0.00 $327.73 $59,661.89
40 $59,661.89 $1,371.62 $0.00 $337.34 $61,370.85
41 $61,370.85 $1,371.62 $0.00 $347.00 $63,089.47
42 $63,089.47 $1,371.62 $0.00 $356.72 $64,817.81
43 $64,817.81 $1,371.62 $0.00 $366.49 $66,555.92
44 $66,555.92 $1,371.62 $0.00 $376.32 $68,303.86
45 $68,303.86 $1,371.62 $0.00 $386.20 $70,061.68
46 $70,061.68 $1,371.62 $0.00 $396.14 $71,829.44
47 $71,829.44 $1,371.62 $0.00 $406.13 $73,607.19
48 $73,607.19 $1,371.62 $0.00 $416.19 $75,395.00
49 $75,395.00 $1,371.62 $0.00 $426.29 $77,192.91
50 $77,192.91 $1,371.62 $0.00 $436.46 $79,000.99
51 $79,000.99 $1,371.62 $0.00 $446.68 $80,819.29
52 $80,819.29 $1,371.62 $0.00 $456.96 $82,647.87
53 $82,647.87 $1,371.62 $0.00 $467.30 $84,486.79
54 $84,486.79 $1,371.62 $0.00 $477.70 $86,336.11
55 $86,336.11 $1,371.62 $0.00 $488.16 $88,195.89
56 $88,195.89 $1,371.62 $0.00 $498.67 $90,066.18
57 $90,066.18 $1,371.62 $0.00 $509.25 $91,947.05
58 $91,947.05 $1,371.62 $0.00 $519.88 $93,838.55
59 $93,838.55 $1,371.62 $0.00 $530.58 $95,740.75
60 $95,740.75 $1,371.62 $0.00 $541.33 $97,653.70
61 $97,653.70 $1,371.62 $0.00 $552.15 $99,577.47
62 $99,577.47 $1,371.62 $0.00 $563.03 $101,512.12
63 $101,512.12 $1,371.62 $0.00 $573.96 $103,457.70
64 $103,457.70 $1,371.62 $0.00 $584.96 $105,414.28
65 $105,414.28 $1,371.62 $0.00 $596.03 $107,381.93
66 $107,381.93 $1,371.62 $0.00 $607.15 $109,360.70
67 $109,360.70 $1,371.62 $0.00 $618.34 $111,350.66
68 $111,350.66 $1,371.62 $0.00 $629.59 $113,351.87
69 $113,351.87 $1,371.62 $0.00 $640.91 $115,364.40
70 $115,364.40 $1,371.62 $0.00 $652.29 $117,388.31
71 $117,388.31 $1,371.62 $0.00 $663.73 $119,423.66
72 $119,423.66 $1,371.62 $0.00 $675.24 $121,470.52
73 $121,470.52 $1,371.62 $0.00 $686.81 $123,528.95
74 $123,528.95 $1,371.62 $0.00 $698.45 $125,599.02
75 $125,599.02 $1,371.62 $0.00 $710.16 $127,680.80
76 $127,680.80 $1,371.62 $0.00 $721.93 $129,774.35
77 $129,774.35 $1,371.62 $0.00 $733.76 $131,879.73
78 $131,879.73 $1,371.62 $0.00 $745.67 $133,997.02
79 $133,997.02 $1,371.62 $0.00 $757.64 $136,126.28
80 $136,126.28 $1,371.62 $0.00 $769.68 $138,267.58
81 $138,267.58 $1,371.62 $0.00 $781.78 $140,420.98
82 $140,420.98 $1,371.62 $0.00 $793.96 $142,586.56
83 $142,586.56 $1,371.62 $0.00 $806.21 $144,764.39
84 $144,764.39 $1,371.62 $0.00 $818.52 $146,954.53
85 $146,954.53 $1,371.62 $0.00 $830.90 $149,157.05
86 $149,157.05 $1,371.62 $0.00 $843.36 $151,372.03
87 $151,372.03 $1,371.62 $0.00 $855.88 $153,599.53
88 $153,599.53 $1,371.62 $0.00 $868.47 $155,839.62
89 $155,839.62 $1,371.62 $0.00 $881.14 $158,092.38
90 $158,092.38 $1,371.62 $0.00 $893.88 $160,357.88
91 $160,357.88 $1,371.62 $0.00 $906.69 $162,636.19
92 $162,636.19 $1,371.62 $0.00 $919.57 $164,927.38
93 $164,927.38 $1,371.62 $0.00 $932.52 $167,231.52
94 $167,231.52 $1,371.62 $0.00 $945.55 $169,548.69
95 $169,548.69 $1,371.62 $0.00 $958.65 $171,878.96
96 $171,878.96 $1,371.62 $0.00 $971.83 $174,222.41
97 $174,222.41 $1,371.62 $0.00 $985.08 $176,579.11
98 $176,579.11 $1,371.62 $0.00 $998.40 $178,949.13
99 $178,949.13 $1,371.62 $0.00 $1,011.80 $181,332.55
100 $181,332.55 $1,371.62 $0.00 $1,025.28 $183,729.45
101 $183,729.45 $1,371.62 $0.00 $1,038.83 $186,139.90
102 $186,139.90 $1,371.62 $0.00 $1,052.46 $188,563.98
103 $188,563.98 $1,371.62 $0.00 $1,066.17 $191,001.77
104 $191,001.77 $1,371.62 $0.00 $1,079.95 $193,453.34
105 $193,453.34 $1,371.62 $0.00 $1,093.81 $195,918.77
106 $195,918.77 $1,371.62 $0.00 $1,107.75 $198,398.14
107 $198,398.14 $1,371.62 $0.00 $1,121.77 $200,891.53
108 $200,891.53 $1,371.62 $0.00 $1,135.87 $203,399.02
109 $203,399.02 $1,371.62 $0.00 $1,150.05 $205,920.69
110 $205,920.69 $1,371.62 $0.00 $1,164.31 $208,456.62
111 $208,456.62 $1,371.62 $0.00 $1,178.64 $211,006.88
112 $211,006.88 $1,371.62 $0.00 $1,193.06 $213,571.56
113 $213,571.56 $1,371.62 $0.00 $1,207.56 $216,150.74
114 $216,150.74 $1,371.62 $0.00 $1,222.15 $218,744.51
115 $218,744.51 $1,371.62 $0.00 $1,236.81 $221,352.94
116 $221,352.94 $1,371.62 $0.00 $1,251.56 $223,976.12
117 $223,976.12 $1,371.62 $0.00 $1,266.39 $226,614.13
118 $226,614.13 $1,371.62 $0.00 $1,281.31 $229,267.06
119 $229,267.06 $1,371.62 $0.00 $1,296.31 $231,934.99
120 $231,934.99 $1,371.62 $0.00 $1,311.39 $234,618.00
121 $234,618.00 $1,371.62 $0.00 $1,326.56 $237,316.18
122 $237,316.18 $1,371.62 $0.00 $1,341.82 $240,029.62
123 $240,029.62 $1,371.62 $0.00 $1,357.16 $242,758.40
124 $242,758.40 $1,371.62 $0.00 $1,372.59 $245,502.61
125 $245,502.61 $1,371.62 $0.00 $1,388.11 $248,262.34
126 $248,262.34 $1,371.62 $0.00 $1,403.71 $251,037.67
127 $251,037.67 $1,371.62 $0.00 $1,419.40 $253,828.69
128 $253,828.69 $1,371.62 $0.00 $1,435.18 $256,635.49
129 $256,635.49 $1,371.62 $0.00 $1,451.05 $259,458.16
130 $259,458.16 $1,371.62 $0.00 $1,467.01 $262,296.79
131 $262,296.79 $1,371.62 $0.00 $1,483.06 $265,151.47
132 $265,151.47 $1,371.62 $0.00 $1,499.20 $268,022.29
133 $268,022.29 $1,371.62 $0.00 $1,515.44 $270,909.35
134 $270,909.35 $1,371.62 $0.00 $1,531.76 $273,812.73
135 $273,812.73 $1,371.62 $0.00 $1,548.18 $276,732.53
136 $276,732.53 $1,371.62 $0.00 $1,564.69 $279,668.84
137 $279,668.84 $1,371.62 $0.00 $1,581.29 $282,621.75
138 $282,621.75 $1,371.62 $0.00 $1,597.98 $285,591.35
139 $285,591.35 $1,371.62 $0.00 $1,614.78 $288,577.75
140 $288,577.75 $1,371.62 $0.00 $1,631.66 $291,581.03
141 $291,581.03 $1,371.62 $0.00 $1,648.64 $294,601.29
142 $294,601.29 $1,371.62 $0.00 $1,665.72 $297,638.63
143 $297,638.63 $1,371.62 $0.00 $1,682.89 $300,693.14
144 $300,693.14 $1,371.62 $0.00 $1,700.16 $303,764.92
145 $303,764.92 $1,371.62 $0.00 $1,717.53 $306,854.07
146 $306,854.07 $1,371.62 $0.00 $1,735.00 $309,960.69
147 $309,960.69 $1,371.62 $0.00 $1,752.56 $313,084.87
148 $313,084.87 $1,371.62 $0.00 $1,770.23 $316,226.72
149 $316,226.72 $1,371.62 $0.00 $1,787.99 $319,386.33
150 $319,386.33 $1,371.62 $0.00 $1,805.86 $322,563.81
151 $322,563.81 $1,371.62 $0.00 $1,823.82 $325,759.25
152 $325,759.25 $1,371.62 $0.00 $1,841.89 $328,972.76
153 $328,972.76 $1,371.62 $0.00 $1,860.06 $332,204.44
154 $332,204.44 $1,371.62 $0.00 $1,878.33 $335,454.39
155 $335,454.39 $1,371.62 $0.00 $1,896.71 $338,722.72
156 $338,722.72 $1,371.62 $0.00 $1,915.19 $342,009.53
157 $342,009.53 $1,371.62 $0.00 $1,933.77 $345,314.92
158 $345,314.92 $1,371.62 $0.00 $1,952.46 $348,639.00
159 $348,639.00 $1,371.62 $0.00 $1,971.26 $351,981.88
160 $351,981.88 $1,371.62 $0.00 $1,990.16 $355,343.66
161 $355,343.66 $1,371.62 $0.00 $2,009.16 $358,724.44
162 $358,724.44 $1,371.62 $0.00 $2,028.28 $362,124.34
163 $362,124.34 $1,371.62 $0.00 $2,047.50 $365,543.46
164 $365,543.46 $1,371.62 $0.00 $2,066.84 $368,981.92
165 $368,981.92 $1,371.62 $0.00 $2,086.28 $372,439.82
166 $372,439.82 $1,371.62 $0.00 $2,105.83 $375,917.27
167 $375,917.27 $1,371.62 $0.00 $2,125.49 $379,414.38
168 $379,414.38 $1,371.62 $0.00 $2,145.26 $382,931.26
169 $382,931.26 $1,371.62 $0.00 $2,165.15 $386,468.03
170 $386,468.03 $1,371.62 $0.00 $2,185.15 $390,024.80
171 $390,024.80 $1,371.62 $0.00 $2,205.26 $393,601.68
172 $393,601.68 $1,371.62 $0.00 $2,225.48 $397,198.78
173 $397,198.78 $1,371.62 $0.00 $2,245.82 $400,816.22
174 $400,816.22 $1,371.62 $0.00 $2,266.27 $404,454.11
175 $404,454.11 $1,371.62 $0.00 $2,286.84 $408,112.57
176 $408,112.57 $1,371.62 $0.00 $2,307.53 $411,791.72
177 $411,791.72 $1,371.62 $0.00 $2,328.33 $415,491.67
178 $415,491.67 $1,371.62 $0.00 $2,349.25 $419,212.54
179 $419,212.54 $1,371.62 $0.00 $2,370.29 $422,954.45
180 $422,954.45 $1,371.62 $0.00 $2,391.45 $426,717.52
181 $426,717.52 $1,371.62 $0.00 $2,412.72 $430,501.86
182 $430,501.86 $1,371.62 $0.00 $2,434.12 $434,307.60
183 $434,307.60 $1,371.62 $0.00 $2,455.64 $438,134.86
184 $438,134.86 $1,371.62 $0.00 $2,477.28 $441,983.76
185 $441,983.76 $1,371.62 $0.00 $2,499.04 $445,854.42
186 $445,854.42 $1,371.62 $0.00 $2,520.93 $449,746.97
187 $449,746.97 $1,371.62 $0.00 $2,542.93 $453,661.52
188 $453,661.52 $1,371.62 $0.00 $2,565.07 $457,598.21
189 $457,598.21 $1,371.62 $0.00 $2,587.33 $461,557.16
190 $461,557.16 $1,371.62 $0.00 $2,609.71 $465,538.49
191 $465,538.49 $1,371.62 $0.00 $2,632.22 $469,542.33
192 $469,542.33 $1,371.62 $0.00 $2,654.86 $473,568.81
193 $473,568.81 $1,371.62 $0.00 $2,677.63 $477,618.06
194 $477,618.06 $1,371.62 $0.00 $2,700.52 $481,690.20
195 $481,690.20 $1,371.62 $0.00 $2,723.55 $485,785.37
196 $485,785.37 $1,371.62 $0.00 $2,746.70 $489,903.69
197 $489,903.69 $1,371.62 $0.00 $2,769.99 $494,045.30
198 $494,045.30 $1,371.62 $0.00 $2,793.40 $498,210.32
199 $498,210.32 $1,371.62 $0.00 $2,816.95 $502,398.89
200 $502,398.89 $1,371.62 $0.00 $2,840.64 $506,611.15
201 $506,611.15 $1,371.62 $0.00 $2,864.45 $510,847.22
202 $510,847.22 $1,371.62 $0.00 $2,888.40 $515,107.24
203 $515,107.24 $1,371.62 $0.00 $2,912.49 $519,391.35
204 $519,391.35 $1,371.62 $0.00 $2,936.71 $523,699.68
205 $523,699.68 $1,371.62 $0.00 $2,961.07 $528,032.37
206 $528,032.37 $1,371.62 $0.00 $2,985.57 $532,389.56
207 $532,389.56 $1,371.62 $0.00 $3,010.21 $536,771.39
208 $536,771.39 $1,371.62 $0.00 $3,034.98 $541,177.99
209 $541,177.99 $1,371.62 $0.00 $3,059.90 $545,609.51
210 $545,609.51 $1,371.62 $0.00 $3,084.96 $550,066.09
211 $550,066.09 $1,371.62 $0.00 $3,110.15 $554,547.86
212 $554,547.86 $1,371.62 $0.00 $3,135.49 $559,054.97
213 $559,054.97 $1,371.62 $0.00 $3,160.98 $563,587.57
214 $563,587.57 $1,371.62 $0.00 $3,186.61 $568,145.80
215 $568,145.80 $1,371.62 $0.00 $3,212.38 $572,729.80
216 $572,729.80 $1,371.62 $0.00 $3,238.30 $577,339.72
217 $577,339.72 $1,371.62 $156,355.67 $3,264.36 $425,620.03
218 $425,620.03 $1,371.62 $0.00 $2,406.52 $429,398.17
219 $429,398.17 $1,371.62 $0.00 $2,427.88 $433,197.67
220 $433,197.67 $1,371.62 $0.00 $2,449.36 $437,018.65
221 $437,018.65 $1,371.62 $0.00 $2,470.97 $440,861.24
222 $440,861.24 $1,371.62 $0.00 $2,492.69 $444,725.55
223 $444,725.55 $1,371.62 $0.00 $2,514.54 $448,611.71
224 $448,611.71 $1,371.62 $0.00 $2,536.52 $452,519.85
225 $452,519.85 $1,371.62 $0.00 $2,558.61 $456,450.08
226 $456,450.08 $1,371.62 $0.00 $2,580.84 $460,402.54
227 $460,402.54 $1,371.62 $0.00 $2,603.18 $464,377.34
228 $464,377.34 $1,371.62 $0.00 $2,625.66 $468,374.62
229 $468,374.62 $1,371.62 $167,300.56 $2,648.26 $305,093.94
230 $305,093.94 $1,371.62 $0.00 $1,725.05 $308,190.61
231 $308,190.61 $1,371.62 $0.00 $1,742.55 $311,304.78
232 $311,304.78 $1,371.62 $0.00 $1,760.16 $314,436.56
233 $314,436.56 $1,371.62 $0.00 $1,777.87 $317,586.05
234 $317,586.05 $1,371.62 $0.00 $1,795.68 $320,753.35
235 $320,753.35 $1,371.62 $0.00 $1,813.59 $323,938.56
236 $323,938.56 $1,371.62 $0.00 $1,831.60 $327,141.78
237 $327,141.78 $1,371.62 $0.00 $1,849.71 $330,363.11
238 $330,363.11 $1,371.62 $0.00 $1,867.92 $333,602.65
239 $333,602.65 $1,371.62 $0.00 $1,886.24 $336,860.51
240 $336,860.51 $1,371.62 $0.00 $1,904.66 $340,136.79
241 $340,136.79 $1,371.62 $179,011.60 $1,923.18 $164,419.99
242 $164,419.99 $1,371.62 $0.00 $929.65 $166,721.26
243 $166,721.26 $1,371.62 $0.00 $942.67 $169,035.55
244 $169,035.55 $1,371.62 $0.00 $955.75 $171,362.92
245 $171,362.92 $1,371.62 $0.00 $968.91 $173,703.45
246 $173,703.45 $1,371.62 $0.00 $982.14 $176,057.21
247 $176,057.21 $1,371.62 $0.00 $995.45 $178,424.28
248 $178,424.28 $1,371.62 $0.00 $1,008.84 $180,804.74
249 $180,804.74 $1,371.62 $0.00 $1,022.30 $183,198.66
250 $183,198.66 $1,371.62 $0.00 $1,035.83 $185,606.11
251 $185,606.11 $1,371.62 $0.00 $1,049.44 $188,027.17
252 $188,027.17 $1,371.62 $0.00 $1,063.13 $190,461.92
253 $190,461.92 $0.00 $191,542.42 $1,076.90 -$3.60