Savings Plan and Future Cost Estimation for Goucher College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$253,989
Monthly savings required$2,007

How much will it cost to send your child to Goucher College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $1,015,954.04 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $2,007.33 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$67,700.00
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 $2,007.33 $0.00 $0.00 $2,007.33
2 $2,007.33 $2,007.33 $0.00 $11.35 $4,026.01
3 $4,026.01 $2,007.33 $0.00 $22.76 $6,056.10
4 $6,056.10 $2,007.33 $0.00 $34.24 $8,097.67
5 $8,097.67 $2,007.33 $0.00 $45.79 $10,150.79
6 $10,150.79 $2,007.33 $0.00 $57.39 $12,215.51
7 $12,215.51 $2,007.33 $0.00 $69.07 $14,291.91
8 $14,291.91 $2,007.33 $0.00 $80.81 $16,380.05
9 $16,380.05 $2,007.33 $0.00 $92.62 $18,480.00
10 $18,480.00 $2,007.33 $0.00 $104.49 $20,591.82
11 $20,591.82 $2,007.33 $0.00 $116.43 $22,715.58
12 $22,715.58 $2,007.33 $0.00 $128.44 $24,851.35
13 $24,851.35 $2,007.33 $0.00 $140.51 $26,999.19
14 $26,999.19 $2,007.33 $0.00 $152.66 $29,159.18
15 $29,159.18 $2,007.33 $0.00 $164.87 $31,331.38
16 $31,331.38 $2,007.33 $0.00 $177.15 $33,515.86
17 $33,515.86 $2,007.33 $0.00 $189.50 $35,712.69
18 $35,712.69 $2,007.33 $0.00 $201.92 $37,921.94
19 $37,921.94 $2,007.33 $0.00 $214.42 $40,143.69
20 $40,143.69 $2,007.33 $0.00 $226.98 $42,378.00
21 $42,378.00 $2,007.33 $0.00 $239.61 $44,624.94
22 $44,624.94 $2,007.33 $0.00 $252.32 $46,884.59
23 $46,884.59 $2,007.33 $0.00 $265.09 $49,157.01
24 $49,157.01 $2,007.33 $0.00 $277.94 $51,442.28
25 $51,442.28 $2,007.33 $0.00 $290.86 $53,740.47
26 $53,740.47 $2,007.33 $0.00 $303.86 $56,051.66
27 $56,051.66 $2,007.33 $0.00 $316.92 $58,375.91
28 $58,375.91 $2,007.33 $0.00 $330.07 $60,713.31
29 $60,713.31 $2,007.33 $0.00 $343.28 $63,063.92
30 $63,063.92 $2,007.33 $0.00 $356.57 $65,427.82
31 $65,427.82 $2,007.33 $0.00 $369.94 $67,805.09
32 $67,805.09 $2,007.33 $0.00 $383.38 $70,195.80
33 $70,195.80 $2,007.33 $0.00 $396.90 $72,600.03
34 $72,600.03 $2,007.33 $0.00 $410.49 $75,017.85
35 $75,017.85 $2,007.33 $0.00 $424.16 $77,449.34
36 $77,449.34 $2,007.33 $0.00 $437.91 $79,894.58
37 $79,894.58 $2,007.33 $0.00 $451.74 $82,353.65
38 $82,353.65 $2,007.33 $0.00 $465.64 $84,826.62
39 $84,826.62 $2,007.33 $0.00 $479.62 $87,313.57
40 $87,313.57 $2,007.33 $0.00 $493.68 $89,814.58
41 $89,814.58 $2,007.33 $0.00 $507.82 $92,329.73
42 $92,329.73 $2,007.33 $0.00 $522.05 $94,859.11
43 $94,859.11 $2,007.33 $0.00 $536.35 $97,402.79
44 $97,402.79 $2,007.33 $0.00 $550.73 $99,960.85
45 $99,960.85 $2,007.33 $0.00 $565.19 $102,533.37
46 $102,533.37 $2,007.33 $0.00 $579.74 $105,120.44
47 $105,120.44 $2,007.33 $0.00 $594.37 $107,722.14
48 $107,722.14 $2,007.33 $0.00 $609.08 $110,338.55
49 $110,338.55 $2,007.33 $0.00 $623.87 $112,969.75
50 $112,969.75 $2,007.33 $0.00 $638.75 $115,615.83
51 $115,615.83 $2,007.33 $0.00 $653.71 $118,276.87
52 $118,276.87 $2,007.33 $0.00 $668.75 $120,952.95
53 $120,952.95 $2,007.33 $0.00 $683.89 $123,644.17
54 $123,644.17 $2,007.33 $0.00 $699.10 $126,350.60
55 $126,350.60 $2,007.33 $0.00 $714.40 $129,072.33
56 $129,072.33 $2,007.33 $0.00 $729.79 $131,809.45
57 $131,809.45 $2,007.33 $0.00 $745.27 $134,562.05
58 $134,562.05 $2,007.33 $0.00 $760.83 $137,330.21
59 $137,330.21 $2,007.33 $0.00 $776.48 $140,114.02
60 $140,114.02 $2,007.33 $0.00 $792.23 $142,913.58
61 $142,913.58 $2,007.33 $0.00 $808.05 $145,728.96
62 $145,728.96 $2,007.33 $0.00 $823.97 $148,560.26
63 $148,560.26 $2,007.33 $0.00 $839.98 $151,407.57
64 $151,407.57 $2,007.33 $0.00 $856.08 $154,270.98
65 $154,270.98 $2,007.33 $0.00 $872.27 $157,150.58
66 $157,150.58 $2,007.33 $0.00 $888.55 $160,046.46
67 $160,046.46 $2,007.33 $0.00 $904.93 $162,958.72
68 $162,958.72 $2,007.33 $0.00 $921.39 $165,887.44
69 $165,887.44 $2,007.33 $0.00 $937.95 $168,832.72
70 $168,832.72 $2,007.33 $0.00 $954.60 $171,794.65
71 $171,794.65 $2,007.33 $0.00 $971.35 $174,773.33
72 $174,773.33 $2,007.33 $0.00 $988.19 $177,768.85
73 $177,768.85 $2,007.33 $0.00 $1,005.13 $180,781.31
74 $180,781.31 $2,007.33 $0.00 $1,022.16 $183,810.80
75 $183,810.80 $2,007.33 $0.00 $1,039.29 $186,857.42
76 $186,857.42 $2,007.33 $0.00 $1,056.52 $189,921.27
77 $189,921.27 $2,007.33 $0.00 $1,073.84 $193,002.44
78 $193,002.44 $2,007.33 $0.00 $1,091.26 $196,101.03
79 $196,101.03 $2,007.33 $0.00 $1,108.78 $199,217.14
80 $199,217.14 $2,007.33 $0.00 $1,126.40 $202,350.87
81 $202,350.87 $2,007.33 $0.00 $1,144.12 $205,502.32
82 $205,502.32 $2,007.33 $0.00 $1,161.94 $208,671.59
83 $208,671.59 $2,007.33 $0.00 $1,179.86 $211,858.78
84 $211,858.78 $2,007.33 $0.00 $1,197.88 $215,063.99
85 $215,063.99 $2,007.33 $0.00 $1,216.00 $218,287.32
86 $218,287.32 $2,007.33 $0.00 $1,234.23 $221,528.88
87 $221,528.88 $2,007.33 $0.00 $1,252.56 $224,788.77
88 $224,788.77 $2,007.33 $0.00 $1,270.99 $228,067.09
89 $228,067.09 $2,007.33 $0.00 $1,289.52 $231,363.94
90 $231,363.94 $2,007.33 $0.00 $1,308.17 $234,679.44
91 $234,679.44 $2,007.33 $0.00 $1,326.91 $238,013.68
92 $238,013.68 $2,007.33 $0.00 $1,345.76 $241,366.77
93 $241,366.77 $2,007.33 $0.00 $1,364.72 $244,738.82
94 $244,738.82 $2,007.33 $0.00 $1,383.79 $248,129.94
95 $248,129.94 $2,007.33 $0.00 $1,402.96 $251,540.23
96 $251,540.23 $2,007.33 $0.00 $1,422.25 $254,969.81
97 $254,969.81 $2,007.33 $0.00 $1,441.64 $258,418.78
98 $258,418.78 $2,007.33 $0.00 $1,461.14 $261,887.25
99 $261,887.25 $2,007.33 $0.00 $1,480.75 $265,375.33
100 $265,375.33 $2,007.33 $0.00 $1,500.47 $268,883.13
101 $268,883.13 $2,007.33 $0.00 $1,520.30 $272,410.76
102 $272,410.76 $2,007.33 $0.00 $1,540.25 $275,958.34
103 $275,958.34 $2,007.33 $0.00 $1,560.31 $279,525.98
104 $279,525.98 $2,007.33 $0.00 $1,580.48 $283,113.79
105 $283,113.79 $2,007.33 $0.00 $1,600.77 $286,721.89
106 $286,721.89 $2,007.33 $0.00 $1,621.17 $290,350.39
107 $290,350.39 $2,007.33 $0.00 $1,641.68 $293,999.40
108 $293,999.40 $2,007.33 $0.00 $1,662.32 $297,669.05
109 $297,669.05 $2,007.33 $0.00 $1,683.06 $301,359.44
110 $301,359.44 $2,007.33 $0.00 $1,703.93 $305,070.70
111 $305,070.70 $2,007.33 $0.00 $1,724.91 $308,802.94
112 $308,802.94 $2,007.33 $0.00 $1,746.02 $312,556.29
113 $312,556.29 $2,007.33 $0.00 $1,767.24 $316,330.86
114 $316,330.86 $2,007.33 $0.00 $1,788.58 $320,126.77
115 $320,126.77 $2,007.33 $0.00 $1,810.04 $323,944.14
116 $323,944.14 $2,007.33 $0.00 $1,831.63 $327,783.10
117 $327,783.10 $2,007.33 $0.00 $1,853.33 $331,643.76
118 $331,643.76 $2,007.33 $0.00 $1,875.16 $335,526.25
119 $335,526.25 $2,007.33 $0.00 $1,897.11 $339,430.69
120 $339,430.69 $2,007.33 $0.00 $1,919.19 $343,357.21
121 $343,357.21 $2,007.33 $0.00 $1,941.39 $347,305.93
122 $347,305.93 $2,007.33 $0.00 $1,963.72 $351,276.98
123 $351,276.98 $2,007.33 $0.00 $1,986.17 $355,270.48
124 $355,270.48 $2,007.33 $0.00 $2,008.75 $359,286.56
125 $359,286.56 $2,007.33 $0.00 $2,031.46 $363,325.35
126 $363,325.35 $2,007.33 $0.00 $2,054.29 $367,386.97
127 $367,386.97 $2,007.33 $0.00 $2,077.26 $371,471.56
128 $371,471.56 $2,007.33 $0.00 $2,100.35 $375,579.24
129 $375,579.24 $2,007.33 $0.00 $2,123.58 $379,710.15
130 $379,710.15 $2,007.33 $0.00 $2,146.94 $383,864.42
131 $383,864.42 $2,007.33 $0.00 $2,170.43 $388,042.18
132 $388,042.18 $2,007.33 $0.00 $2,194.05 $392,243.56
133 $392,243.56 $2,007.33 $0.00 $2,217.80 $396,468.69
134 $396,468.69 $2,007.33 $0.00 $2,241.69 $400,717.71
135 $400,717.71 $2,007.33 $0.00 $2,265.72 $404,990.76
136 $404,990.76 $2,007.33 $0.00 $2,289.88 $409,287.97
137 $409,287.97 $2,007.33 $0.00 $2,314.17 $413,609.47
138 $413,609.47 $2,007.33 $0.00 $2,338.61 $417,955.41
139 $417,955.41 $2,007.33 $0.00 $2,363.18 $422,325.92
140 $422,325.92 $2,007.33 $0.00 $2,387.89 $426,721.14
141 $426,721.14 $2,007.33 $0.00 $2,412.74 $431,141.21
142 $431,141.21 $2,007.33 $0.00 $2,437.74 $435,586.28
143 $435,586.28 $2,007.33 $0.00 $2,462.87 $440,056.48
144 $440,056.48 $2,007.33 $0.00 $2,488.14 $444,551.95
145 $444,551.95 $2,007.33 $0.00 $2,513.56 $449,072.84
146 $449,072.84 $2,007.33 $0.00 $2,539.12 $453,619.29
147 $453,619.29 $2,007.33 $0.00 $2,564.83 $458,191.45
148 $458,191.45 $2,007.33 $0.00 $2,590.68 $462,789.46
149 $462,789.46 $2,007.33 $0.00 $2,616.68 $467,413.47
150 $467,413.47 $2,007.33 $0.00 $2,642.82 $472,063.62
151 $472,063.62 $2,007.33 $0.00 $2,669.12 $476,740.07
152 $476,740.07 $2,007.33 $0.00 $2,695.56 $481,442.96
153 $481,442.96 $2,007.33 $0.00 $2,722.15 $486,172.44
154 $486,172.44 $2,007.33 $0.00 $2,748.89 $490,928.66
155 $490,928.66 $2,007.33 $0.00 $2,775.78 $495,711.77
156 $495,711.77 $2,007.33 $0.00 $2,802.83 $500,521.93
157 $500,521.93 $2,007.33 $0.00 $2,830.02 $505,359.28
158 $505,359.28 $2,007.33 $0.00 $2,857.37 $510,223.98
159 $510,223.98 $2,007.33 $0.00 $2,884.88 $515,116.19
160 $515,116.19 $2,007.33 $0.00 $2,912.54 $520,036.06
161 $520,036.06 $2,007.33 $0.00 $2,940.36 $524,983.75
162 $524,983.75 $2,007.33 $0.00 $2,968.33 $529,959.41
163 $529,959.41 $2,007.33 $0.00 $2,996.47 $534,963.21
164 $534,963.21 $2,007.33 $0.00 $3,024.76 $539,995.30
165 $539,995.30 $2,007.33 $0.00 $3,053.21 $545,055.84
166 $545,055.84 $2,007.33 $0.00 $3,081.82 $550,144.99
167 $550,144.99 $2,007.33 $0.00 $3,110.60 $555,262.92
168 $555,262.92 $2,007.33 $0.00 $3,139.54 $560,409.79
169 $560,409.79 $2,007.33 $0.00 $3,168.64 $565,585.76
170 $565,585.76 $2,007.33 $0.00 $3,197.90 $570,790.99
171 $570,790.99 $2,007.33 $0.00 $3,227.34 $576,025.66
172 $576,025.66 $2,007.33 $0.00 $3,256.93 $581,289.92
173 $581,289.92 $2,007.33 $0.00 $3,286.70 $586,583.95
174 $586,583.95 $2,007.33 $0.00 $3,316.63 $591,907.91
175 $591,907.91 $2,007.33 $0.00 $3,346.73 $597,261.97
176 $597,261.97 $2,007.33 $0.00 $3,377.01 $602,646.31
177 $602,646.31 $2,007.33 $0.00 $3,407.45 $608,061.09
178 $608,061.09 $2,007.33 $0.00 $3,438.07 $613,506.49
179 $613,506.49 $2,007.33 $0.00 $3,468.85 $618,982.67
180 $618,982.67 $2,007.33 $0.00 $3,499.82 $624,489.82
181 $624,489.82 $2,007.33 $0.00 $3,530.96 $630,028.11
182 $630,028.11 $2,007.33 $0.00 $3,562.27 $635,597.71
183 $635,597.71 $2,007.33 $0.00 $3,593.76 $641,198.80
184 $641,198.80 $2,007.33 $0.00 $3,625.43 $646,831.56
185 $646,831.56 $2,007.33 $0.00 $3,657.28 $652,496.17
186 $652,496.17 $2,007.33 $0.00 $3,689.31 $658,192.81
187 $658,192.81 $2,007.33 $0.00 $3,721.52 $663,921.66
188 $663,921.66 $2,007.33 $0.00 $3,753.91 $669,682.90
189 $669,682.90 $2,007.33 $0.00 $3,786.48 $675,476.71
190 $675,476.71 $2,007.33 $0.00 $3,819.24 $681,303.28
191 $681,303.28 $2,007.33 $0.00 $3,852.19 $687,162.80
192 $687,162.80 $2,007.33 $0.00 $3,885.32 $693,055.45
193 $693,055.45 $2,007.33 $0.00 $3,918.64 $698,981.42
194 $698,981.42 $2,007.33 $0.00 $3,952.14 $704,940.89
195 $704,940.89 $2,007.33 $0.00 $3,985.84 $710,934.06
196 $710,934.06 $2,007.33 $0.00 $4,019.72 $716,961.11
197 $716,961.11 $2,007.33 $0.00 $4,053.80 $723,022.24
198 $723,022.24 $2,007.33 $0.00 $4,088.07 $729,117.64
199 $729,117.64 $2,007.33 $0.00 $4,122.54 $735,247.51
200 $735,247.51 $2,007.33 $0.00 $4,157.20 $741,412.04
201 $741,412.04 $2,007.33 $0.00 $4,192.05 $747,611.42
202 $747,611.42 $2,007.33 $0.00 $4,227.10 $753,845.85
203 $753,845.85 $2,007.33 $0.00 $4,262.35 $760,115.53
204 $760,115.53 $2,007.33 $0.00 $4,297.80 $766,420.66
205 $766,420.66 $2,007.33 $0.00 $4,333.45 $772,761.44
206 $772,761.44 $2,007.33 $0.00 $4,369.31 $779,138.08
207 $779,138.08 $2,007.33 $0.00 $4,405.36 $785,550.77
208 $785,550.77 $2,007.33 $0.00 $4,441.62 $791,999.72
209 $791,999.72 $2,007.33 $0.00 $4,478.08 $798,485.13
210 $798,485.13 $2,007.33 $0.00 $4,514.75 $805,007.21
211 $805,007.21 $2,007.33 $0.00 $4,551.63 $811,566.17
212 $811,566.17 $2,007.33 $0.00 $4,588.71 $818,162.21
213 $818,162.21 $2,007.33 $0.00 $4,626.01 $824,795.55
214 $824,795.55 $2,007.33 $0.00 $4,663.51 $831,466.39
215 $831,466.39 $2,007.33 $0.00 $4,701.23 $838,174.95
216 $838,174.95 $2,007.33 $0.00 $4,739.16 $844,921.44
217 $844,921.44 $2,007.33 $228,821.42 $4,777.31 $622,884.66
218 $622,884.66 $2,007.33 $0.00 $3,521.88 $628,413.87
219 $628,413.87 $2,007.33 $0.00 $3,553.14 $633,974.34
220 $633,974.34 $2,007.33 $0.00 $3,584.58 $639,566.25
221 $639,566.25 $2,007.33 $0.00 $3,616.20 $645,189.78
222 $645,189.78 $2,007.33 $0.00 $3,648.00 $650,845.11
223 $650,845.11 $2,007.33 $0.00 $3,679.97 $656,532.41
224 $656,532.41 $2,007.33 $0.00 $3,712.13 $662,251.87
225 $662,251.87 $2,007.33 $0.00 $3,744.47 $668,003.67
226 $668,003.67 $2,007.33 $0.00 $3,776.99 $673,787.99
227 $673,787.99 $2,007.33 $0.00 $3,809.70 $679,605.02
228 $679,605.02 $2,007.33 $0.00 $3,842.59 $685,454.94
229 $685,454.94 $2,007.33 $244,838.91 $3,875.66 $446,499.02
230 $446,499.02 $2,007.33 $0.00 $2,524.57 $451,030.92
231 $451,030.92 $2,007.33 $0.00 $2,550.19 $455,588.44
232 $455,588.44 $2,007.33 $0.00 $2,575.96 $460,171.73
233 $460,171.73 $2,007.33 $0.00 $2,601.88 $464,780.94
234 $464,780.94 $2,007.33 $0.00 $2,627.94 $469,416.21
235 $469,416.21 $2,007.33 $0.00 $2,654.15 $474,077.69
236 $474,077.69 $2,007.33 $0.00 $2,680.50 $478,765.52
237 $478,765.52 $2,007.33 $0.00 $2,707.01 $483,479.86
238 $483,479.86 $2,007.33 $0.00 $2,733.67 $488,220.86
239 $488,220.86 $2,007.33 $0.00 $2,760.47 $492,988.66
240 $492,988.66 $2,007.33 $0.00 $2,787.43 $497,783.42
241 $497,783.42 $2,007.33 $261,977.64 $2,814.54 $240,627.65
242 $240,627.65 $2,007.33 $0.00 $1,360.54 $243,995.52
243 $243,995.52 $2,007.33 $0.00 $1,379.59 $247,382.44
244 $247,382.44 $2,007.33 $0.00 $1,398.74 $250,788.51
245 $250,788.51 $2,007.33 $0.00 $1,417.99 $254,213.83
246 $254,213.83 $2,007.33 $0.00 $1,437.36 $257,658.52
247 $257,658.52 $2,007.33 $0.00 $1,456.84 $261,122.69
248 $261,122.69 $2,007.33 $0.00 $1,476.43 $264,606.45
249 $264,606.45 $2,007.33 $0.00 $1,496.12 $268,109.90
250 $268,109.90 $2,007.33 $0.00 $1,515.93 $271,633.16
251 $271,633.16 $2,007.33 $0.00 $1,535.85 $275,176.34
252 $275,176.34 $2,007.33 $0.00 $1,555.89 $278,739.56
253 $278,739.56 $0.00 $280,316.07 $1,576.03 -$0.48