Savings Plan and Future Cost Estimation for Rollins College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$282,539
Monthly savings required$2,233

How much will it cost to send your child to Rollins College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $1,130,155.08 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $2,232.96 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$75,310.00
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 $2,232.96 $0.00 $0.00 $2,232.96
2 $2,232.96 $2,232.96 $0.00 $12.63 $4,478.55
3 $4,478.55 $2,232.96 $0.00 $25.32 $6,736.83
4 $6,736.83 $2,232.96 $0.00 $38.09 $9,007.88
5 $9,007.88 $2,232.96 $0.00 $50.93 $11,291.77
6 $11,291.77 $2,232.96 $0.00 $63.85 $13,588.58
7 $13,588.58 $2,232.96 $0.00 $76.83 $15,898.37
8 $15,898.37 $2,232.96 $0.00 $89.89 $18,221.22
9 $18,221.22 $2,232.96 $0.00 $103.03 $20,557.21
10 $20,557.21 $2,232.96 $0.00 $116.23 $22,906.40
11 $22,906.40 $2,232.96 $0.00 $129.52 $25,268.88
12 $25,268.88 $2,232.96 $0.00 $142.87 $27,644.71
13 $27,644.71 $2,232.96 $0.00 $156.31 $30,033.98
14 $30,033.98 $2,232.96 $0.00 $169.82 $32,436.76
15 $32,436.76 $2,232.96 $0.00 $183.40 $34,853.12
16 $34,853.12 $2,232.96 $0.00 $197.06 $37,283.14
17 $37,283.14 $2,232.96 $0.00 $210.80 $39,726.90
18 $39,726.90 $2,232.96 $0.00 $224.62 $42,184.48
19 $42,184.48 $2,232.96 $0.00 $238.52 $44,655.96
20 $44,655.96 $2,232.96 $0.00 $252.49 $47,141.41
21 $47,141.41 $2,232.96 $0.00 $266.54 $49,640.91
22 $49,640.91 $2,232.96 $0.00 $280.68 $52,154.55
23 $52,154.55 $2,232.96 $0.00 $294.89 $54,682.40
24 $54,682.40 $2,232.96 $0.00 $309.18 $57,224.54
25 $57,224.54 $2,232.96 $0.00 $323.56 $59,781.06
26 $59,781.06 $2,232.96 $0.00 $338.01 $62,352.03
27 $62,352.03 $2,232.96 $0.00 $352.55 $64,937.54
28 $64,937.54 $2,232.96 $0.00 $367.17 $67,537.67
29 $67,537.67 $2,232.96 $0.00 $381.87 $70,152.50
30 $70,152.50 $2,232.96 $0.00 $396.65 $72,782.11
31 $72,782.11 $2,232.96 $0.00 $411.52 $75,426.59
32 $75,426.59 $2,232.96 $0.00 $426.47 $78,086.02
33 $78,086.02 $2,232.96 $0.00 $441.51 $80,760.49
34 $80,760.49 $2,232.96 $0.00 $456.63 $83,450.08
35 $83,450.08 $2,232.96 $0.00 $471.84 $86,154.88
36 $86,154.88 $2,232.96 $0.00 $487.13 $88,874.97
37 $88,874.97 $2,232.96 $0.00 $502.51 $91,610.44
38 $91,610.44 $2,232.96 $0.00 $517.98 $94,361.38
39 $94,361.38 $2,232.96 $0.00 $533.53 $97,127.87
40 $97,127.87 $2,232.96 $0.00 $549.18 $99,910.01
41 $99,910.01 $2,232.96 $0.00 $564.91 $102,707.88
42 $102,707.88 $2,232.96 $0.00 $580.73 $105,521.57
43 $105,521.57 $2,232.96 $0.00 $596.63 $108,351.16
44 $108,351.16 $2,232.96 $0.00 $612.63 $111,196.75
45 $111,196.75 $2,232.96 $0.00 $628.72 $114,058.43
46 $114,058.43 $2,232.96 $0.00 $644.90 $116,936.29
47 $116,936.29 $2,232.96 $0.00 $661.17 $119,830.42
48 $119,830.42 $2,232.96 $0.00 $677.54 $122,740.92
49 $122,740.92 $2,232.96 $0.00 $694.00 $125,667.88
50 $125,667.88 $2,232.96 $0.00 $710.54 $128,611.38
51 $128,611.38 $2,232.96 $0.00 $727.19 $131,571.53
52 $131,571.53 $2,232.96 $0.00 $743.92 $134,548.41
53 $134,548.41 $2,232.96 $0.00 $760.76 $137,542.13
54 $137,542.13 $2,232.96 $0.00 $777.68 $140,552.77
55 $140,552.77 $2,232.96 $0.00 $794.71 $143,580.44
56 $143,580.44 $2,232.96 $0.00 $811.82 $146,625.22
57 $146,625.22 $2,232.96 $0.00 $829.04 $149,687.22
58 $149,687.22 $2,232.96 $0.00 $846.35 $152,766.53
59 $152,766.53 $2,232.96 $0.00 $863.76 $155,863.25
60 $155,863.25 $2,232.96 $0.00 $881.27 $158,977.48
61 $158,977.48 $2,232.96 $0.00 $898.88 $162,109.32
62 $162,109.32 $2,232.96 $0.00 $916.59 $165,258.87
63 $165,258.87 $2,232.96 $0.00 $934.40 $168,426.23
64 $168,426.23 $2,232.96 $0.00 $952.31 $171,611.50
65 $171,611.50 $2,232.96 $0.00 $970.32 $174,814.78
66 $174,814.78 $2,232.96 $0.00 $988.43 $178,036.17
67 $178,036.17 $2,232.96 $0.00 $1,006.64 $181,275.77
68 $181,275.77 $2,232.96 $0.00 $1,024.96 $184,533.69
69 $184,533.69 $2,232.96 $0.00 $1,043.38 $187,810.03
70 $187,810.03 $2,232.96 $0.00 $1,061.91 $191,104.90
71 $191,104.90 $2,232.96 $0.00 $1,080.53 $194,418.39
72 $194,418.39 $2,232.96 $0.00 $1,099.27 $197,750.62
73 $197,750.62 $2,232.96 $0.00 $1,118.11 $201,101.69
74 $201,101.69 $2,232.96 $0.00 $1,137.06 $204,471.71
75 $204,471.71 $2,232.96 $0.00 $1,156.11 $207,860.78
76 $207,860.78 $2,232.96 $0.00 $1,175.28 $211,269.02
77 $211,269.02 $2,232.96 $0.00 $1,194.55 $214,696.53
78 $214,696.53 $2,232.96 $0.00 $1,213.93 $218,143.42
79 $218,143.42 $2,232.96 $0.00 $1,233.41 $221,609.79
80 $221,609.79 $2,232.96 $0.00 $1,253.01 $225,095.76
81 $225,095.76 $2,232.96 $0.00 $1,272.72 $228,601.44
82 $228,601.44 $2,232.96 $0.00 $1,292.55 $232,126.95
83 $232,126.95 $2,232.96 $0.00 $1,312.48 $235,672.39
84 $235,672.39 $2,232.96 $0.00 $1,332.53 $239,237.88
85 $239,237.88 $2,232.96 $0.00 $1,352.69 $242,823.53
86 $242,823.53 $2,232.96 $0.00 $1,372.96 $246,429.45
87 $246,429.45 $2,232.96 $0.00 $1,393.35 $250,055.76
88 $250,055.76 $2,232.96 $0.00 $1,413.85 $253,702.57
89 $253,702.57 $2,232.96 $0.00 $1,434.47 $257,370.00
90 $257,370.00 $2,232.96 $0.00 $1,455.21 $261,058.17
91 $261,058.17 $2,232.96 $0.00 $1,476.06 $264,767.19
92 $264,767.19 $2,232.96 $0.00 $1,497.03 $268,497.18
93 $268,497.18 $2,232.96 $0.00 $1,518.12 $272,248.26
94 $272,248.26 $2,232.96 $0.00 $1,539.33 $276,020.55
95 $276,020.55 $2,232.96 $0.00 $1,560.66 $279,814.17
96 $279,814.17 $2,232.96 $0.00 $1,582.11 $283,629.24
97 $283,629.24 $2,232.96 $0.00 $1,603.68 $287,465.88
98 $287,465.88 $2,232.96 $0.00 $1,625.37 $291,324.21
99 $291,324.21 $2,232.96 $0.00 $1,647.19 $295,204.36
100 $295,204.36 $2,232.96 $0.00 $1,669.13 $299,106.45
101 $299,106.45 $2,232.96 $0.00 $1,691.19 $303,030.60
102 $303,030.60 $2,232.96 $0.00 $1,713.38 $306,976.94
103 $306,976.94 $2,232.96 $0.00 $1,735.69 $310,945.59
104 $310,945.59 $2,232.96 $0.00 $1,758.13 $314,936.68
105 $314,936.68 $2,232.96 $0.00 $1,780.70 $318,950.34
106 $318,950.34 $2,232.96 $0.00 $1,803.39 $322,986.69
107 $322,986.69 $2,232.96 $0.00 $1,826.21 $327,045.86
108 $327,045.86 $2,232.96 $0.00 $1,849.16 $331,127.98
109 $331,127.98 $2,232.96 $0.00 $1,872.25 $335,233.19
110 $335,233.19 $2,232.96 $0.00 $1,895.46 $339,361.61
111 $339,361.61 $2,232.96 $0.00 $1,918.80 $343,513.37
112 $343,513.37 $2,232.96 $0.00 $1,942.27 $347,688.60
113 $347,688.60 $2,232.96 $0.00 $1,965.88 $351,887.44
114 $351,887.44 $2,232.96 $0.00 $1,989.62 $356,110.02
115 $356,110.02 $2,232.96 $0.00 $2,013.50 $360,356.48
116 $360,356.48 $2,232.96 $0.00 $2,037.51 $364,626.95
117 $364,626.95 $2,232.96 $0.00 $2,061.65 $368,921.56
118 $368,921.56 $2,232.96 $0.00 $2,085.94 $373,240.46
119 $373,240.46 $2,232.96 $0.00 $2,110.36 $377,583.78
120 $377,583.78 $2,232.96 $0.00 $2,134.91 $381,951.65
121 $381,951.65 $2,232.96 $0.00 $2,159.61 $386,344.22
122 $386,344.22 $2,232.96 $0.00 $2,184.45 $390,761.63
123 $390,761.63 $2,232.96 $0.00 $2,209.42 $395,204.01
124 $395,204.01 $2,232.96 $0.00 $2,234.54 $399,671.51
125 $399,671.51 $2,232.96 $0.00 $2,259.80 $404,164.27
126 $404,164.27 $2,232.96 $0.00 $2,285.20 $408,682.43
127 $408,682.43 $2,232.96 $0.00 $2,310.75 $413,226.14
128 $413,226.14 $2,232.96 $0.00 $2,336.44 $417,795.54
129 $417,795.54 $2,232.96 $0.00 $2,362.28 $422,390.78
130 $422,390.78 $2,232.96 $0.00 $2,388.26 $427,012.00
131 $427,012.00 $2,232.96 $0.00 $2,414.39 $431,659.35
132 $431,659.35 $2,232.96 $0.00 $2,440.66 $436,332.97
133 $436,332.97 $2,232.96 $0.00 $2,467.09 $441,033.02
134 $441,033.02 $2,232.96 $0.00 $2,493.66 $445,759.64
135 $445,759.64 $2,232.96 $0.00 $2,520.39 $450,512.99
136 $450,512.99 $2,232.96 $0.00 $2,547.27 $455,293.22
137 $455,293.22 $2,232.96 $0.00 $2,574.29 $460,100.47
138 $460,100.47 $2,232.96 $0.00 $2,601.47 $464,934.90
139 $464,934.90 $2,232.96 $0.00 $2,628.81 $469,796.67
140 $469,796.67 $2,232.96 $0.00 $2,656.30 $474,685.93
141 $474,685.93 $2,232.96 $0.00 $2,683.94 $479,602.83
142 $479,602.83 $2,232.96 $0.00 $2,711.74 $484,547.53
143 $484,547.53 $2,232.96 $0.00 $2,739.70 $489,520.19
144 $489,520.19 $2,232.96 $0.00 $2,767.82 $494,520.97
145 $494,520.97 $2,232.96 $0.00 $2,796.09 $499,550.02
146 $499,550.02 $2,232.96 $0.00 $2,824.53 $504,607.51
147 $504,607.51 $2,232.96 $0.00 $2,853.12 $509,693.59
148 $509,693.59 $2,232.96 $0.00 $2,881.88 $514,808.43
149 $514,808.43 $2,232.96 $0.00 $2,910.80 $519,952.19
150 $519,952.19 $2,232.96 $0.00 $2,939.89 $525,125.04
151 $525,125.04 $2,232.96 $0.00 $2,969.13 $530,327.13
152 $530,327.13 $2,232.96 $0.00 $2,998.55 $535,558.64
153 $535,558.64 $2,232.96 $0.00 $3,028.13 $540,819.73
154 $540,819.73 $2,232.96 $0.00 $3,057.87 $546,110.56
155 $546,110.56 $2,232.96 $0.00 $3,087.79 $551,431.31
156 $551,431.31 $2,232.96 $0.00 $3,117.87 $556,782.14
157 $556,782.14 $2,232.96 $0.00 $3,148.13 $562,163.23
158 $562,163.23 $2,232.96 $0.00 $3,178.55 $567,574.74
159 $567,574.74 $2,232.96 $0.00 $3,209.15 $573,016.85
160 $573,016.85 $2,232.96 $0.00 $3,239.92 $578,489.73
161 $578,489.73 $2,232.96 $0.00 $3,270.87 $583,993.56
162 $583,993.56 $2,232.96 $0.00 $3,301.98 $589,528.50
163 $589,528.50 $2,232.96 $0.00 $3,333.28 $595,094.74
164 $595,094.74 $2,232.96 $0.00 $3,364.75 $600,692.45
165 $600,692.45 $2,232.96 $0.00 $3,396.40 $606,321.81
166 $606,321.81 $2,232.96 $0.00 $3,428.23 $611,983.00
167 $611,983.00 $2,232.96 $0.00 $3,460.24 $617,676.20
168 $617,676.20 $2,232.96 $0.00 $3,492.43 $623,401.59
169 $623,401.59 $2,232.96 $0.00 $3,524.80 $629,159.35
170 $629,159.35 $2,232.96 $0.00 $3,557.36 $634,949.67
171 $634,949.67 $2,232.96 $0.00 $3,590.10 $640,772.73
172 $640,772.73 $2,232.96 $0.00 $3,623.02 $646,628.71
173 $646,628.71 $2,232.96 $0.00 $3,656.13 $652,517.80
174 $652,517.80 $2,232.96 $0.00 $3,689.43 $658,440.19
175 $658,440.19 $2,232.96 $0.00 $3,722.92 $664,396.07
176 $664,396.07 $2,232.96 $0.00 $3,756.59 $670,385.62
177 $670,385.62 $2,232.96 $0.00 $3,790.46 $676,409.04
178 $676,409.04 $2,232.96 $0.00 $3,824.52 $682,466.52
179 $682,466.52 $2,232.96 $0.00 $3,858.76 $688,558.24
180 $688,558.24 $2,232.96 $0.00 $3,893.21 $694,684.41
181 $694,684.41 $2,232.96 $0.00 $3,927.85 $700,845.22
182 $700,845.22 $2,232.96 $0.00 $3,962.68 $707,040.86
183 $707,040.86 $2,232.96 $0.00 $3,997.71 $713,271.53
184 $713,271.53 $2,232.96 $0.00 $4,032.94 $719,537.43
185 $719,537.43 $2,232.96 $0.00 $4,068.37 $725,838.76
186 $725,838.76 $2,232.96 $0.00 $4,104.00 $732,175.72
187 $732,175.72 $2,232.96 $0.00 $4,139.83 $738,548.51
188 $738,548.51 $2,232.96 $0.00 $4,175.86 $744,957.33
189 $744,957.33 $2,232.96 $0.00 $4,212.10 $751,402.39
190 $751,402.39 $2,232.96 $0.00 $4,248.54 $757,883.89
191 $757,883.89 $2,232.96 $0.00 $4,285.19 $764,402.04
192 $764,402.04 $2,232.96 $0.00 $4,322.04 $770,957.04
193 $770,957.04 $2,232.96 $0.00 $4,359.10 $777,549.10
194 $777,549.10 $2,232.96 $0.00 $4,396.38 $784,178.44
195 $784,178.44 $2,232.96 $0.00 $4,433.86 $790,845.26
196 $790,845.26 $2,232.96 $0.00 $4,471.55 $797,549.77
197 $797,549.77 $2,232.96 $0.00 $4,509.46 $804,292.19
198 $804,292.19 $2,232.96 $0.00 $4,547.58 $811,072.73
199 $811,072.73 $2,232.96 $0.00 $4,585.92 $817,891.61
200 $817,891.61 $2,232.96 $0.00 $4,624.48 $824,749.05
201 $824,749.05 $2,232.96 $0.00 $4,663.25 $831,645.26
202 $831,645.26 $2,232.96 $0.00 $4,702.24 $838,580.46
203 $838,580.46 $2,232.96 $0.00 $4,741.46 $845,554.88
204 $845,554.88 $2,232.96 $0.00 $4,780.89 $852,568.73
205 $852,568.73 $2,232.96 $0.00 $4,820.55 $859,622.24
206 $859,622.24 $2,232.96 $0.00 $4,860.43 $866,715.63
207 $866,715.63 $2,232.96 $0.00 $4,900.54 $873,849.13
208 $873,849.13 $2,232.96 $0.00 $4,940.87 $881,022.96
209 $881,022.96 $2,232.96 $0.00 $4,981.43 $888,237.35
210 $888,237.35 $2,232.96 $0.00 $5,022.22 $895,492.53
211 $895,492.53 $2,232.96 $0.00 $5,063.24 $902,788.73
212 $902,788.73 $2,232.96 $0.00 $5,104.50 $910,126.19
213 $910,126.19 $2,232.96 $0.00 $5,145.99 $917,505.14
214 $917,505.14 $2,232.96 $0.00 $5,187.71 $924,925.81
215 $924,925.81 $2,232.96 $0.00 $5,229.67 $932,388.44
216 $932,388.44 $2,232.96 $0.00 $5,271.86 $939,893.26
217 $939,893.26 $2,232.96 $254,542.70 $5,314.29 $692,897.81
218 $692,897.81 $2,232.96 $0.00 $3,917.74 $699,048.51
219 $699,048.51 $2,232.96 $0.00 $3,952.52 $705,233.99
220 $705,233.99 $2,232.96 $0.00 $3,987.50 $711,454.45
221 $711,454.45 $2,232.96 $0.00 $4,022.67 $717,710.08
222 $717,710.08 $2,232.96 $0.00 $4,058.04 $724,001.08
223 $724,001.08 $2,232.96 $0.00 $4,093.61 $730,327.65
224 $730,327.65 $2,232.96 $0.00 $4,129.38 $736,689.99
225 $736,689.99 $2,232.96 $0.00 $4,165.35 $743,088.30
226 $743,088.30 $2,232.96 $0.00 $4,201.53 $749,522.79
227 $749,522.79 $2,232.96 $0.00 $4,237.91 $755,993.66
228 $755,993.66 $2,232.96 $0.00 $4,274.50 $762,501.12
229 $762,501.12 $2,232.96 $272,360.69 $4,311.29 $496,684.68
230 $496,684.68 $2,232.96 $0.00 $2,808.33 $501,725.97
231 $501,725.97 $2,232.96 $0.00 $2,836.83 $506,795.76
232 $506,795.76 $2,232.96 $0.00 $2,865.50 $511,894.22
233 $511,894.22 $2,232.96 $0.00 $2,894.32 $517,021.50
234 $517,021.50 $2,232.96 $0.00 $2,923.31 $522,177.77
235 $522,177.77 $2,232.96 $0.00 $2,952.47 $527,363.20
236 $527,363.20 $2,232.96 $0.00 $2,981.79 $532,577.95
237 $532,577.95 $2,232.96 $0.00 $3,011.27 $537,822.18
238 $537,822.18 $2,232.96 $0.00 $3,040.92 $543,096.06
239 $543,096.06 $2,232.96 $0.00 $3,070.74 $548,399.76
240 $548,399.76 $2,232.96 $0.00 $3,100.73 $553,733.45
241 $553,733.45 $2,232.96 $291,425.94 $3,130.89 $267,671.36
242 $267,671.36 $2,232.96 $0.00 $1,513.45 $271,417.77
243 $271,417.77 $2,232.96 $0.00 $1,534.64 $275,185.37
244 $275,185.37 $2,232.96 $0.00 $1,555.94 $278,974.27
245 $278,974.27 $2,232.96 $0.00 $1,577.36 $282,784.59
246 $282,784.59 $2,232.96 $0.00 $1,598.91 $286,616.46
247 $286,616.46 $2,232.96 $0.00 $1,620.57 $290,469.99
248 $290,469.99 $2,232.96 $0.00 $1,642.36 $294,345.31
249 $294,345.31 $2,232.96 $0.00 $1,664.27 $298,242.54
250 $298,242.54 $2,232.96 $0.00 $1,686.31 $302,161.81
251 $302,161.81 $2,232.96 $0.00 $1,708.47 $306,103.24
252 $306,103.24 $2,232.96 $0.00 $1,730.75 $310,066.95
253 $310,066.95 $0.00 $311,825.75 $1,753.16 -$5.64