Savings Plan and Future Cost Estimation for Harvard University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$313,408
Monthly savings required$2,477

How much will it cost to send your child to Harvard University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $1,253,630.26 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $2,476.93 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$83,538.00
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 $2,476.93 $0.00 $0.00 $2,476.93
2 $2,476.93 $2,476.93 $0.00 $14.00 $4,967.86
3 $4,967.86 $2,476.93 $0.00 $28.09 $7,472.88
4 $7,472.88 $2,476.93 $0.00 $42.25 $9,992.06
5 $9,992.06 $2,476.93 $0.00 $56.50 $12,525.49
6 $12,525.49 $2,476.93 $0.00 $70.82 $15,073.24
7 $15,073.24 $2,476.93 $0.00 $85.23 $17,635.40
8 $17,635.40 $2,476.93 $0.00 $99.71 $20,212.04
9 $20,212.04 $2,476.93 $0.00 $114.28 $22,803.25
10 $22,803.25 $2,476.93 $0.00 $128.93 $25,409.11
11 $25,409.11 $2,476.93 $0.00 $143.67 $28,029.71
12 $28,029.71 $2,476.93 $0.00 $158.48 $30,665.12
13 $30,665.12 $2,476.93 $0.00 $173.39 $33,315.44
14 $33,315.44 $2,476.93 $0.00 $188.37 $35,980.74
15 $35,980.74 $2,476.93 $0.00 $203.44 $38,661.11
16 $38,661.11 $2,476.93 $0.00 $218.60 $41,356.64
17 $41,356.64 $2,476.93 $0.00 $233.84 $44,067.41
18 $44,067.41 $2,476.93 $0.00 $249.16 $46,793.50
19 $46,793.50 $2,476.93 $0.00 $264.58 $49,535.01
20 $49,535.01 $2,476.93 $0.00 $280.08 $52,292.02
21 $52,292.02 $2,476.93 $0.00 $295.67 $55,064.62
22 $55,064.62 $2,476.93 $0.00 $311.34 $57,852.89
23 $57,852.89 $2,476.93 $0.00 $327.11 $60,656.93
24 $60,656.93 $2,476.93 $0.00 $342.96 $63,476.82
25 $63,476.82 $2,476.93 $0.00 $358.91 $66,312.66
26 $66,312.66 $2,476.93 $0.00 $374.94 $69,164.53
27 $69,164.53 $2,476.93 $0.00 $391.07 $72,032.53
28 $72,032.53 $2,476.93 $0.00 $407.28 $74,916.74
29 $74,916.74 $2,476.93 $0.00 $423.59 $77,817.26
30 $77,817.26 $2,476.93 $0.00 $439.99 $80,734.18
31 $80,734.18 $2,476.93 $0.00 $456.48 $83,667.59
32 $83,667.59 $2,476.93 $0.00 $473.07 $86,617.59
33 $86,617.59 $2,476.93 $0.00 $489.75 $89,584.27
34 $89,584.27 $2,476.93 $0.00 $506.52 $92,567.72
35 $92,567.72 $2,476.93 $0.00 $523.39 $95,568.04
36 $95,568.04 $2,476.93 $0.00 $540.36 $98,585.33
37 $98,585.33 $2,476.93 $0.00 $557.42 $101,619.68
38 $101,619.68 $2,476.93 $0.00 $574.57 $104,671.18
39 $104,671.18 $2,476.93 $0.00 $591.83 $107,739.94
40 $107,739.94 $2,476.93 $0.00 $609.18 $110,826.05
41 $110,826.05 $2,476.93 $0.00 $626.63 $113,929.61
42 $113,929.61 $2,476.93 $0.00 $644.17 $117,050.71
43 $117,050.71 $2,476.93 $0.00 $661.82 $120,189.46
44 $120,189.46 $2,476.93 $0.00 $679.57 $123,345.96
45 $123,345.96 $2,476.93 $0.00 $697.42 $126,520.31
46 $126,520.31 $2,476.93 $0.00 $715.36 $129,712.60
47 $129,712.60 $2,476.93 $0.00 $733.41 $132,922.94
48 $132,922.94 $2,476.93 $0.00 $751.57 $136,151.44
49 $136,151.44 $2,476.93 $0.00 $769.82 $139,398.19
50 $139,398.19 $2,476.93 $0.00 $788.18 $142,663.30
51 $142,663.30 $2,476.93 $0.00 $806.64 $145,946.87
52 $145,946.87 $2,476.93 $0.00 $825.20 $149,249.00
53 $149,249.00 $2,476.93 $0.00 $843.88 $152,569.81
54 $152,569.81 $2,476.93 $0.00 $862.65 $155,909.39
55 $155,909.39 $2,476.93 $0.00 $881.53 $159,267.85
56 $159,267.85 $2,476.93 $0.00 $900.52 $162,645.30
57 $162,645.30 $2,476.93 $0.00 $919.62 $166,041.85
58 $166,041.85 $2,476.93 $0.00 $938.82 $169,457.60
59 $169,457.60 $2,476.93 $0.00 $958.14 $172,892.67
60 $172,892.67 $2,476.93 $0.00 $977.56 $176,347.16
61 $176,347.16 $2,476.93 $0.00 $997.09 $179,821.18
62 $179,821.18 $2,476.93 $0.00 $1,016.74 $183,314.85
63 $183,314.85 $2,476.93 $0.00 $1,036.49 $186,828.27
64 $186,828.27 $2,476.93 $0.00 $1,056.35 $190,361.55
65 $190,361.55 $2,476.93 $0.00 $1,076.33 $193,914.81
66 $193,914.81 $2,476.93 $0.00 $1,096.42 $197,488.16
67 $197,488.16 $2,476.93 $0.00 $1,116.63 $201,081.72
68 $201,081.72 $2,476.93 $0.00 $1,136.95 $204,695.60
69 $204,695.60 $2,476.93 $0.00 $1,157.38 $208,329.91
70 $208,329.91 $2,476.93 $0.00 $1,177.93 $211,984.77
71 $211,984.77 $2,476.93 $0.00 $1,198.59 $215,660.29
72 $215,660.29 $2,476.93 $0.00 $1,219.37 $219,356.59
73 $219,356.59 $2,476.93 $0.00 $1,240.27 $223,073.79
74 $223,073.79 $2,476.93 $0.00 $1,261.29 $226,812.01
75 $226,812.01 $2,476.93 $0.00 $1,282.43 $230,571.37
76 $230,571.37 $2,476.93 $0.00 $1,303.68 $234,351.98
77 $234,351.98 $2,476.93 $0.00 $1,325.06 $238,153.97
78 $238,153.97 $2,476.93 $0.00 $1,346.56 $241,977.46
79 $241,977.46 $2,476.93 $0.00 $1,368.18 $245,822.57
80 $245,822.57 $2,476.93 $0.00 $1,389.92 $249,689.42
81 $249,689.42 $2,476.93 $0.00 $1,411.78 $253,578.13
82 $253,578.13 $2,476.93 $0.00 $1,433.77 $257,488.83
83 $257,488.83 $2,476.93 $0.00 $1,455.88 $261,421.64
84 $261,421.64 $2,476.93 $0.00 $1,478.12 $265,376.69
85 $265,376.69 $2,476.93 $0.00 $1,500.48 $269,354.10
86 $269,354.10 $2,476.93 $0.00 $1,522.97 $273,354.00
87 $273,354.00 $2,476.93 $0.00 $1,545.58 $277,376.51
88 $277,376.51 $2,476.93 $0.00 $1,568.33 $281,421.77
89 $281,421.77 $2,476.93 $0.00 $1,591.20 $285,489.90
90 $285,489.90 $2,476.93 $0.00 $1,614.20 $289,581.03
91 $289,581.03 $2,476.93 $0.00 $1,637.33 $293,695.29
92 $293,695.29 $2,476.93 $0.00 $1,660.60 $297,832.82
93 $297,832.82 $2,476.93 $0.00 $1,683.99 $301,993.74
94 $301,993.74 $2,476.93 $0.00 $1,707.52 $306,178.19
95 $306,178.19 $2,476.93 $0.00 $1,731.18 $310,386.30
96 $310,386.30 $2,476.93 $0.00 $1,754.97 $314,618.20
97 $314,618.20 $2,476.93 $0.00 $1,778.90 $318,874.03
98 $318,874.03 $2,476.93 $0.00 $1,802.96 $323,153.92
99 $323,153.92 $2,476.93 $0.00 $1,827.16 $327,458.01
100 $327,458.01 $2,476.93 $0.00 $1,851.50 $331,786.44
101 $331,786.44 $2,476.93 $0.00 $1,875.97 $336,139.34
102 $336,139.34 $2,476.93 $0.00 $1,900.58 $340,516.85
103 $340,516.85 $2,476.93 $0.00 $1,925.33 $344,919.11
104 $344,919.11 $2,476.93 $0.00 $1,950.22 $349,346.26
105 $349,346.26 $2,476.93 $0.00 $1,975.25 $353,798.44
106 $353,798.44 $2,476.93 $0.00 $2,000.43 $358,275.80
107 $358,275.80 $2,476.93 $0.00 $2,025.74 $362,778.47
108 $362,778.47 $2,476.93 $0.00 $2,051.20 $367,306.60
109 $367,306.60 $2,476.93 $0.00 $2,076.80 $371,860.33
110 $371,860.33 $2,476.93 $0.00 $2,102.55 $376,439.81
111 $376,439.81 $2,476.93 $0.00 $2,128.45 $381,045.19
112 $381,045.19 $2,476.93 $0.00 $2,154.48 $385,676.60
113 $385,676.60 $2,476.93 $0.00 $2,180.67 $390,334.20
114 $390,334.20 $2,476.93 $0.00 $2,207.01 $395,018.14
115 $395,018.14 $2,476.93 $0.00 $2,233.49 $399,728.56
116 $399,728.56 $2,476.93 $0.00 $2,260.12 $404,465.61
117 $404,465.61 $2,476.93 $0.00 $2,286.91 $409,229.45
118 $409,229.45 $2,476.93 $0.00 $2,313.84 $414,020.22
119 $414,020.22 $2,476.93 $0.00 $2,340.93 $418,838.08
120 $418,838.08 $2,476.93 $0.00 $2,368.17 $423,683.18
121 $423,683.18 $2,476.93 $0.00 $2,395.57 $428,555.68
122 $428,555.68 $2,476.93 $0.00 $2,423.12 $433,455.73
123 $433,455.73 $2,476.93 $0.00 $2,450.82 $438,383.48
124 $438,383.48 $2,476.93 $0.00 $2,478.68 $443,339.09
125 $443,339.09 $2,476.93 $0.00 $2,506.70 $448,322.72
126 $448,322.72 $2,476.93 $0.00 $2,534.88 $453,334.53
127 $453,334.53 $2,476.93 $0.00 $2,563.22 $458,374.68
128 $458,374.68 $2,476.93 $0.00 $2,591.72 $463,443.33
129 $463,443.33 $2,476.93 $0.00 $2,620.38 $468,540.64
130 $468,540.64 $2,476.93 $0.00 $2,649.20 $473,666.77
131 $473,666.77 $2,476.93 $0.00 $2,678.18 $478,821.88
132 $478,821.88 $2,476.93 $0.00 $2,707.33 $484,006.14
133 $484,006.14 $2,476.93 $0.00 $2,736.64 $489,219.71
134 $489,219.71 $2,476.93 $0.00 $2,766.12 $494,462.76
135 $494,462.76 $2,476.93 $0.00 $2,795.76 $499,735.45
136 $499,735.45 $2,476.93 $0.00 $2,825.58 $505,037.96
137 $505,037.96 $2,476.93 $0.00 $2,855.56 $510,370.45
138 $510,370.45 $2,476.93 $0.00 $2,885.71 $515,733.09
139 $515,733.09 $2,476.93 $0.00 $2,916.03 $521,126.05
140 $521,126.05 $2,476.93 $0.00 $2,946.52 $526,549.50
141 $526,549.50 $2,476.93 $0.00 $2,977.19 $532,003.62
142 $532,003.62 $2,476.93 $0.00 $3,008.03 $537,488.58
143 $537,488.58 $2,476.93 $0.00 $3,039.04 $543,004.55
144 $543,004.55 $2,476.93 $0.00 $3,070.23 $548,551.71
145 $548,551.71 $2,476.93 $0.00 $3,101.59 $554,130.23
146 $554,130.23 $2,476.93 $0.00 $3,133.13 $559,740.29
147 $559,740.29 $2,476.93 $0.00 $3,164.85 $565,382.07
148 $565,382.07 $2,476.93 $0.00 $3,196.75 $571,055.75
149 $571,055.75 $2,476.93 $0.00 $3,228.83 $576,761.51
150 $576,761.51 $2,476.93 $0.00 $3,261.09 $582,499.53
151 $582,499.53 $2,476.93 $0.00 $3,293.54 $588,270.00
152 $588,270.00 $2,476.93 $0.00 $3,326.16 $594,073.09
153 $594,073.09 $2,476.93 $0.00 $3,358.98 $599,909.00
154 $599,909.00 $2,476.93 $0.00 $3,391.97 $605,777.90
155 $605,777.90 $2,476.93 $0.00 $3,425.16 $611,679.99
156 $611,679.99 $2,476.93 $0.00 $3,458.53 $617,615.45
157 $617,615.45 $2,476.93 $0.00 $3,492.09 $623,584.47
158 $623,584.47 $2,476.93 $0.00 $3,525.84 $629,587.24
159 $629,587.24 $2,476.93 $0.00 $3,559.78 $635,623.95
160 $635,623.95 $2,476.93 $0.00 $3,593.91 $641,694.79
161 $641,694.79 $2,476.93 $0.00 $3,628.24 $647,799.96
162 $647,799.96 $2,476.93 $0.00 $3,662.76 $653,939.65
163 $653,939.65 $2,476.93 $0.00 $3,697.47 $660,114.05
164 $660,114.05 $2,476.93 $0.00 $3,732.38 $666,323.36
165 $666,323.36 $2,476.93 $0.00 $3,767.49 $672,567.78
166 $672,567.78 $2,476.93 $0.00 $3,802.80 $678,847.51
167 $678,847.51 $2,476.93 $0.00 $3,838.30 $685,162.74
168 $685,162.74 $2,476.93 $0.00 $3,874.01 $691,513.68
169 $691,513.68 $2,476.93 $0.00 $3,909.92 $697,900.53
170 $697,900.53 $2,476.93 $0.00 $3,946.03 $704,323.49
171 $704,323.49 $2,476.93 $0.00 $3,982.35 $710,782.77
172 $710,782.77 $2,476.93 $0.00 $4,018.87 $717,278.57
173 $717,278.57 $2,476.93 $0.00 $4,055.60 $723,811.10
174 $723,811.10 $2,476.93 $0.00 $4,092.53 $730,380.56
175 $730,380.56 $2,476.93 $0.00 $4,129.68 $736,987.17
176 $736,987.17 $2,476.93 $0.00 $4,167.03 $743,631.13
177 $743,631.13 $2,476.93 $0.00 $4,204.60 $750,312.66
178 $750,312.66 $2,476.93 $0.00 $4,242.38 $757,031.97
179 $757,031.97 $2,476.93 $0.00 $4,280.37 $763,789.27
180 $763,789.27 $2,476.93 $0.00 $4,318.58 $770,584.78
181 $770,584.78 $2,476.93 $0.00 $4,357.00 $777,418.71
182 $777,418.71 $2,476.93 $0.00 $4,395.64 $784,291.28
183 $784,291.28 $2,476.93 $0.00 $4,434.50 $791,202.71
184 $791,202.71 $2,476.93 $0.00 $4,473.58 $798,153.22
185 $798,153.22 $2,476.93 $0.00 $4,512.87 $805,143.02
186 $805,143.02 $2,476.93 $0.00 $4,552.40 $812,172.35
187 $812,172.35 $2,476.93 $0.00 $4,592.14 $819,241.42
188 $819,241.42 $2,476.93 $0.00 $4,632.11 $826,350.46
189 $826,350.46 $2,476.93 $0.00 $4,672.31 $833,499.70
190 $833,499.70 $2,476.93 $0.00 $4,712.73 $840,689.36
191 $840,689.36 $2,476.93 $0.00 $4,753.38 $847,919.67
192 $847,919.67 $2,476.93 $0.00 $4,794.26 $855,190.86
193 $855,190.86 $2,476.93 $0.00 $4,835.37 $862,503.16
194 $862,503.16 $2,476.93 $0.00 $4,876.72 $869,856.81
195 $869,856.81 $2,476.93 $0.00 $4,918.30 $877,252.04
196 $877,252.04 $2,476.93 $0.00 $4,960.11 $884,689.08
197 $884,689.08 $2,476.93 $0.00 $5,002.16 $892,168.17
198 $892,168.17 $2,476.93 $0.00 $5,044.45 $899,689.55
199 $899,689.55 $2,476.93 $0.00 $5,086.98 $907,253.46
200 $907,253.46 $2,476.93 $0.00 $5,129.74 $914,860.13
201 $914,860.13 $2,476.93 $0.00 $5,172.75 $922,509.81
202 $922,509.81 $2,476.93 $0.00 $5,216.00 $930,202.74
203 $930,202.74 $2,476.93 $0.00 $5,259.50 $937,939.17
204 $937,939.17 $2,476.93 $0.00 $5,303.24 $945,719.34
205 $945,719.34 $2,476.93 $0.00 $5,347.23 $953,543.50
206 $953,543.50 $2,476.93 $0.00 $5,391.47 $961,411.90
207 $961,411.90 $2,476.93 $0.00 $5,435.96 $969,324.79
208 $969,324.79 $2,476.93 $0.00 $5,480.70 $977,282.42
209 $977,282.42 $2,476.93 $0.00 $5,525.70 $985,285.05
210 $985,285.05 $2,476.93 $0.00 $5,570.94 $993,332.92
211 $993,332.92 $2,476.93 $0.00 $5,616.45 $1,001,426.30
212 $1,001,426.30 $2,476.93 $0.00 $5,662.21 $1,009,565.44
213 $1,009,565.44 $2,476.93 $0.00 $5,708.23 $1,017,750.60
214 $1,017,750.60 $2,476.93 $0.00 $5,754.51 $1,025,982.04
215 $1,025,982.04 $2,476.93 $0.00 $5,801.05 $1,034,260.02
216 $1,034,260.02 $2,476.93 $0.00 $5,847.86 $1,042,584.81
217 $1,042,584.81 $2,476.93 $282,352.78 $5,894.93 $768,603.89
218 $768,603.89 $2,476.93 $0.00 $4,345.80 $775,426.62
219 $775,426.62 $2,476.93 $0.00 $4,384.37 $782,287.92
220 $782,287.92 $2,476.93 $0.00 $4,423.17 $789,188.02
221 $789,188.02 $2,476.93 $0.00 $4,462.18 $796,127.13
222 $796,127.13 $2,476.93 $0.00 $4,501.42 $803,105.48
223 $803,105.48 $2,476.93 $0.00 $4,540.88 $810,123.29
224 $810,123.29 $2,476.93 $0.00 $4,580.55 $817,180.77
225 $817,180.77 $2,476.93 $0.00 $4,620.46 $824,278.16
226 $824,278.16 $2,476.93 $0.00 $4,660.59 $831,415.68
227 $831,415.68 $2,476.93 $0.00 $4,700.95 $838,593.56
228 $838,593.56 $2,476.93 $0.00 $4,741.53 $845,812.02
229 $845,812.02 $2,476.93 $302,117.48 $4,782.34 $550,953.81
230 $550,953.81 $2,476.93 $0.00 $3,115.17 $556,545.91
231 $556,545.91 $2,476.93 $0.00 $3,146.79 $562,169.63
232 $562,169.63 $2,476.93 $0.00 $3,178.59 $567,825.15
233 $567,825.15 $2,476.93 $0.00 $3,210.57 $573,512.65
234 $573,512.65 $2,476.93 $0.00 $3,242.72 $579,232.30
235 $579,232.30 $2,476.93 $0.00 $3,275.06 $584,984.29
236 $584,984.29 $2,476.93 $0.00 $3,307.59 $590,768.81
237 $590,768.81 $2,476.93 $0.00 $3,340.29 $596,586.03
238 $596,586.03 $2,476.93 $0.00 $3,373.18 $602,436.14
239 $602,436.14 $2,476.93 $0.00 $3,406.26 $608,319.33
240 $608,319.33 $2,476.93 $0.00 $3,439.53 $614,235.79
241 $614,235.79 $2,476.93 $323,265.70 $3,472.98 $296,920.00
242 $296,920.00 $2,476.93 $0.00 $1,678.83 $301,075.76
243 $301,075.76 $2,476.93 $0.00 $1,702.33 $305,255.02
244 $305,255.02 $2,476.93 $0.00 $1,725.96 $309,457.91
245 $309,457.91 $2,476.93 $0.00 $1,749.72 $313,684.56
246 $313,684.56 $2,476.93 $0.00 $1,773.62 $317,935.11
247 $317,935.11 $2,476.93 $0.00 $1,797.65 $322,209.69
248 $322,209.69 $2,476.93 $0.00 $1,821.82 $326,508.44
249 $326,508.44 $2,476.93 $0.00 $1,846.13 $330,831.50
250 $330,831.50 $2,476.93 $0.00 $1,870.57 $335,179.00
251 $335,179.00 $2,476.93 $0.00 $1,895.15 $339,551.08
252 $339,551.08 $2,476.93 $0.00 $1,919.87 $343,947.88
253 $343,947.88 $0.00 $345,894.30 $1,944.73 -$1.69