Savings Plan and Future Cost Estimation for Rochester College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$140,110
Monthly savings required$1,107

How much will it cost to send your child to Rochester College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $560,440.47 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,107.32 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$37,346.00
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 $1,107.32 $0.00 $0.00 $1,107.32
2 $1,107.32 $1,107.32 $0.00 $6.26 $2,220.90
3 $2,220.90 $1,107.32 $0.00 $12.56 $3,340.78
4 $3,340.78 $1,107.32 $0.00 $18.89 $4,466.99
5 $4,466.99 $1,107.32 $0.00 $25.26 $5,599.57
6 $5,599.57 $1,107.32 $0.00 $31.66 $6,738.55
7 $6,738.55 $1,107.32 $0.00 $38.10 $7,883.97
8 $7,883.97 $1,107.32 $0.00 $44.58 $9,035.87
9 $9,035.87 $1,107.32 $0.00 $51.09 $10,194.28
10 $10,194.28 $1,107.32 $0.00 $57.64 $11,359.24
11 $11,359.24 $1,107.32 $0.00 $64.23 $12,530.79
12 $12,530.79 $1,107.32 $0.00 $70.85 $13,708.96
13 $13,708.96 $1,107.32 $0.00 $77.51 $14,893.79
14 $14,893.79 $1,107.32 $0.00 $84.21 $16,085.32
15 $16,085.32 $1,107.32 $0.00 $90.95 $17,283.59
16 $17,283.59 $1,107.32 $0.00 $97.72 $18,488.63
17 $18,488.63 $1,107.32 $0.00 $104.54 $19,700.49
18 $19,700.49 $1,107.32 $0.00 $111.39 $20,919.20
19 $20,919.20 $1,107.32 $0.00 $118.28 $22,144.80
20 $22,144.80 $1,107.32 $0.00 $125.21 $23,377.33
21 $23,377.33 $1,107.32 $0.00 $132.18 $24,616.83
22 $24,616.83 $1,107.32 $0.00 $139.19 $25,863.34
23 $25,863.34 $1,107.32 $0.00 $146.24 $27,116.90
24 $27,116.90 $1,107.32 $0.00 $153.32 $28,377.54
25 $28,377.54 $1,107.32 $0.00 $160.45 $29,645.31
26 $29,645.31 $1,107.32 $0.00 $167.62 $30,920.25
27 $30,920.25 $1,107.32 $0.00 $174.83 $32,202.40
28 $32,202.40 $1,107.32 $0.00 $182.08 $33,491.80
29 $33,491.80 $1,107.32 $0.00 $189.37 $34,788.49
30 $34,788.49 $1,107.32 $0.00 $196.70 $36,092.51
31 $36,092.51 $1,107.32 $0.00 $204.07 $37,403.90
32 $37,403.90 $1,107.32 $0.00 $211.49 $38,722.71
33 $38,722.71 $1,107.32 $0.00 $218.94 $40,048.97
34 $40,048.97 $1,107.32 $0.00 $226.44 $41,382.73
35 $41,382.73 $1,107.32 $0.00 $233.98 $42,724.03
36 $42,724.03 $1,107.32 $0.00 $241.57 $44,072.92
37 $44,072.92 $1,107.32 $0.00 $249.19 $45,429.43
38 $45,429.43 $1,107.32 $0.00 $256.86 $46,793.61
39 $46,793.61 $1,107.32 $0.00 $264.58 $48,165.51
40 $48,165.51 $1,107.32 $0.00 $272.33 $49,545.16
41 $49,545.16 $1,107.32 $0.00 $280.14 $50,932.62
42 $50,932.62 $1,107.32 $0.00 $287.98 $52,327.92
43 $52,327.92 $1,107.32 $0.00 $295.87 $53,731.11
44 $53,731.11 $1,107.32 $0.00 $303.80 $55,142.23
45 $55,142.23 $1,107.32 $0.00 $311.78 $56,561.33
46 $56,561.33 $1,107.32 $0.00 $319.81 $57,988.46
47 $57,988.46 $1,107.32 $0.00 $327.88 $59,423.66
48 $59,423.66 $1,107.32 $0.00 $335.99 $60,866.97
49 $60,866.97 $1,107.32 $0.00 $344.15 $62,318.44
50 $62,318.44 $1,107.32 $0.00 $352.36 $63,778.12
51 $63,778.12 $1,107.32 $0.00 $360.61 $65,246.05
52 $65,246.05 $1,107.32 $0.00 $368.91 $66,722.28
53 $66,722.28 $1,107.32 $0.00 $377.26 $68,206.86
54 $68,206.86 $1,107.32 $0.00 $385.65 $69,699.83
55 $69,699.83 $1,107.32 $0.00 $394.09 $71,201.24
56 $71,201.24 $1,107.32 $0.00 $402.58 $72,711.14
57 $72,711.14 $1,107.32 $0.00 $411.12 $74,229.58
58 $74,229.58 $1,107.32 $0.00 $419.70 $75,756.60
59 $75,756.60 $1,107.32 $0.00 $428.34 $77,292.26
60 $77,292.26 $1,107.32 $0.00 $437.02 $78,836.60
61 $78,836.60 $1,107.32 $0.00 $445.75 $80,389.67
62 $80,389.67 $1,107.32 $0.00 $454.53 $81,951.52
63 $81,951.52 $1,107.32 $0.00 $463.37 $83,522.21
64 $83,522.21 $1,107.32 $0.00 $472.25 $85,101.78
65 $85,101.78 $1,107.32 $0.00 $481.18 $86,690.28
66 $86,690.28 $1,107.32 $0.00 $490.16 $88,287.76
67 $88,287.76 $1,107.32 $0.00 $499.19 $89,894.27
68 $89,894.27 $1,107.32 $0.00 $508.28 $91,509.87
69 $91,509.87 $1,107.32 $0.00 $517.41 $93,134.60
70 $93,134.60 $1,107.32 $0.00 $526.60 $94,768.52
71 $94,768.52 $1,107.32 $0.00 $535.83 $96,411.67
72 $96,411.67 $1,107.32 $0.00 $545.13 $98,064.12
73 $98,064.12 $1,107.32 $0.00 $554.47 $99,725.91
74 $99,725.91 $1,107.32 $0.00 $563.86 $101,397.09
75 $101,397.09 $1,107.32 $0.00 $573.31 $103,077.72
76 $103,077.72 $1,107.32 $0.00 $582.82 $104,767.86
77 $104,767.86 $1,107.32 $0.00 $592.37 $106,467.55
78 $106,467.55 $1,107.32 $0.00 $601.98 $108,176.85
79 $108,176.85 $1,107.32 $0.00 $611.65 $109,895.82
80 $109,895.82 $1,107.32 $0.00 $621.37 $111,624.51
81 $111,624.51 $1,107.32 $0.00 $631.14 $113,362.97
82 $113,362.97 $1,107.32 $0.00 $640.97 $115,111.26
83 $115,111.26 $1,107.32 $0.00 $650.86 $116,869.44
84 $116,869.44 $1,107.32 $0.00 $660.80 $118,637.56
85 $118,637.56 $1,107.32 $0.00 $670.79 $120,415.67
86 $120,415.67 $1,107.32 $0.00 $680.85 $122,203.84
87 $122,203.84 $1,107.32 $0.00 $690.96 $124,002.12
88 $124,002.12 $1,107.32 $0.00 $701.13 $125,810.57
89 $125,810.57 $1,107.32 $0.00 $711.35 $127,629.24
90 $127,629.24 $1,107.32 $0.00 $721.63 $129,458.19
91 $129,458.19 $1,107.32 $0.00 $731.98 $131,297.49
92 $131,297.49 $1,107.32 $0.00 $742.38 $133,147.19
93 $133,147.19 $1,107.32 $0.00 $752.83 $135,007.34
94 $135,007.34 $1,107.32 $0.00 $763.35 $136,878.01
95 $136,878.01 $1,107.32 $0.00 $773.93 $138,759.26
96 $138,759.26 $1,107.32 $0.00 $784.57 $140,651.15
97 $140,651.15 $1,107.32 $0.00 $795.26 $142,553.73
98 $142,553.73 $1,107.32 $0.00 $806.02 $144,467.07
99 $144,467.07 $1,107.32 $0.00 $816.84 $146,391.23
100 $146,391.23 $1,107.32 $0.00 $827.72 $148,326.27
101 $148,326.27 $1,107.32 $0.00 $838.66 $150,272.25
102 $150,272.25 $1,107.32 $0.00 $849.66 $152,229.23
103 $152,229.23 $1,107.32 $0.00 $860.73 $154,197.28
104 $154,197.28 $1,107.32 $0.00 $871.85 $156,176.45
105 $156,176.45 $1,107.32 $0.00 $883.04 $158,166.81
106 $158,166.81 $1,107.32 $0.00 $894.30 $160,168.43
107 $160,168.43 $1,107.32 $0.00 $905.62 $162,181.37
108 $162,181.37 $1,107.32 $0.00 $917.00 $164,205.69
109 $164,205.69 $1,107.32 $0.00 $928.44 $166,241.45
110 $166,241.45 $1,107.32 $0.00 $939.95 $168,288.72
111 $168,288.72 $1,107.32 $0.00 $951.53 $170,347.57
112 $170,347.57 $1,107.32 $0.00 $963.17 $172,418.06
113 $172,418.06 $1,107.32 $0.00 $974.88 $174,500.26
114 $174,500.26 $1,107.32 $0.00 $986.65 $176,594.23
115 $176,594.23 $1,107.32 $0.00 $998.49 $178,700.04
116 $178,700.04 $1,107.32 $0.00 $1,010.40 $180,817.76
117 $180,817.76 $1,107.32 $0.00 $1,022.37 $182,947.45
118 $182,947.45 $1,107.32 $0.00 $1,034.41 $185,089.18
119 $185,089.18 $1,107.32 $0.00 $1,046.52 $187,243.02
120 $187,243.02 $1,107.32 $0.00 $1,058.70 $189,409.04
121 $189,409.04 $1,107.32 $0.00 $1,070.95 $191,587.31
122 $191,587.31 $1,107.32 $0.00 $1,083.26 $193,777.89
123 $193,777.89 $1,107.32 $0.00 $1,095.65 $195,980.86
124 $195,980.86 $1,107.32 $0.00 $1,108.10 $198,196.28
125 $198,196.28 $1,107.32 $0.00 $1,120.63 $200,424.23
126 $200,424.23 $1,107.32 $0.00 $1,133.23 $202,664.78
127 $202,664.78 $1,107.32 $0.00 $1,145.90 $204,918.00
128 $204,918.00 $1,107.32 $0.00 $1,158.64 $207,183.96
129 $207,183.96 $1,107.32 $0.00 $1,171.45 $209,462.73
130 $209,462.73 $1,107.32 $0.00 $1,184.33 $211,754.38
131 $211,754.38 $1,107.32 $0.00 $1,197.29 $214,058.99
132 $214,058.99 $1,107.32 $0.00 $1,210.32 $216,376.63
133 $216,376.63 $1,107.32 $0.00 $1,223.42 $218,707.37
134 $218,707.37 $1,107.32 $0.00 $1,236.60 $221,051.29
135 $221,051.29 $1,107.32 $0.00 $1,249.86 $223,408.47
136 $223,408.47 $1,107.32 $0.00 $1,263.18 $225,778.97
137 $225,778.97 $1,107.32 $0.00 $1,276.59 $228,162.88
138 $228,162.88 $1,107.32 $0.00 $1,290.07 $230,560.27
139 $230,560.27 $1,107.32 $0.00 $1,303.62 $232,971.21
140 $232,971.21 $1,107.32 $0.00 $1,317.25 $235,395.78
141 $235,395.78 $1,107.32 $0.00 $1,330.96 $237,834.06
142 $237,834.06 $1,107.32 $0.00 $1,344.75 $240,286.13
143 $240,286.13 $1,107.32 $0.00 $1,358.61 $242,752.06
144 $242,752.06 $1,107.32 $0.00 $1,372.56 $245,231.94
145 $245,231.94 $1,107.32 $0.00 $1,386.58 $247,725.84
146 $247,725.84 $1,107.32 $0.00 $1,400.68 $250,233.84
147 $250,233.84 $1,107.32 $0.00 $1,414.86 $252,756.02
148 $252,756.02 $1,107.32 $0.00 $1,429.12 $255,292.46
149 $255,292.46 $1,107.32 $0.00 $1,443.46 $257,843.24
150 $257,843.24 $1,107.32 $0.00 $1,457.88 $260,408.44
151 $260,408.44 $1,107.32 $0.00 $1,472.39 $262,988.15
152 $262,988.15 $1,107.32 $0.00 $1,486.97 $265,582.44
153 $265,582.44 $1,107.32 $0.00 $1,501.64 $268,191.40
154 $268,191.40 $1,107.32 $0.00 $1,516.39 $270,815.11
155 $270,815.11 $1,107.32 $0.00 $1,531.23 $273,453.66
156 $273,453.66 $1,107.32 $0.00 $1,546.15 $276,107.13
157 $276,107.13 $1,107.32 $0.00 $1,561.15 $278,775.60
158 $278,775.60 $1,107.32 $0.00 $1,576.24 $281,459.16
159 $281,459.16 $1,107.32 $0.00 $1,591.41 $284,157.89
160 $284,157.89 $1,107.32 $0.00 $1,606.67 $286,871.88
161 $286,871.88 $1,107.32 $0.00 $1,622.02 $289,601.22
162 $289,601.22 $1,107.32 $0.00 $1,637.45 $292,345.99
163 $292,345.99 $1,107.32 $0.00 $1,652.97 $295,106.28
164 $295,106.28 $1,107.32 $0.00 $1,668.57 $297,882.17
165 $297,882.17 $1,107.32 $0.00 $1,684.27 $300,673.76
166 $300,673.76 $1,107.32 $0.00 $1,700.05 $303,481.13
167 $303,481.13 $1,107.32 $0.00 $1,715.93 $306,304.38
168 $306,304.38 $1,107.32 $0.00 $1,731.89 $309,143.59
169 $309,143.59 $1,107.32 $0.00 $1,747.94 $311,998.85
170 $311,998.85 $1,107.32 $0.00 $1,764.09 $314,870.26
171 $314,870.26 $1,107.32 $0.00 $1,780.32 $317,757.90
172 $317,757.90 $1,107.32 $0.00 $1,796.65 $320,661.87
173 $320,661.87 $1,107.32 $0.00 $1,813.07 $323,582.26
174 $323,582.26 $1,107.32 $0.00 $1,829.58 $326,519.16
175 $326,519.16 $1,107.32 $0.00 $1,846.19 $329,472.67
176 $329,472.67 $1,107.32 $0.00 $1,862.89 $332,442.88
177 $332,442.88 $1,107.32 $0.00 $1,879.68 $335,429.88
178 $335,429.88 $1,107.32 $0.00 $1,896.57 $338,433.77
179 $338,433.77 $1,107.32 $0.00 $1,913.55 $341,454.64
180 $341,454.64 $1,107.32 $0.00 $1,930.63 $344,492.59
181 $344,492.59 $1,107.32 $0.00 $1,947.81 $347,547.72
182 $347,547.72 $1,107.32 $0.00 $1,965.09 $350,620.13
183 $350,620.13 $1,107.32 $0.00 $1,982.46 $353,709.91
184 $353,709.91 $1,107.32 $0.00 $1,999.93 $356,817.16
185 $356,817.16 $1,107.32 $0.00 $2,017.50 $359,941.98
186 $359,941.98 $1,107.32 $0.00 $2,035.16 $363,084.46
187 $363,084.46 $1,107.32 $0.00 $2,052.93 $366,244.71
188 $366,244.71 $1,107.32 $0.00 $2,070.80 $369,422.83
189 $369,422.83 $1,107.32 $0.00 $2,088.77 $372,618.92
190 $372,618.92 $1,107.32 $0.00 $2,106.84 $375,833.08
191 $375,833.08 $1,107.32 $0.00 $2,125.01 $379,065.41
192 $379,065.41 $1,107.32 $0.00 $2,143.29 $382,316.02
193 $382,316.02 $1,107.32 $0.00 $2,161.67 $385,585.01
194 $385,585.01 $1,107.32 $0.00 $2,180.15 $388,872.48
195 $388,872.48 $1,107.32 $0.00 $2,198.74 $392,178.54
196 $392,178.54 $1,107.32 $0.00 $2,217.43 $395,503.29
197 $395,503.29 $1,107.32 $0.00 $2,236.23 $398,846.84
198 $398,846.84 $1,107.32 $0.00 $2,255.14 $402,209.30
199 $402,209.30 $1,107.32 $0.00 $2,274.15 $405,590.77
200 $405,590.77 $1,107.32 $0.00 $2,293.27 $408,991.36
201 $408,991.36 $1,107.32 $0.00 $2,312.50 $412,411.18
202 $412,411.18 $1,107.32 $0.00 $2,331.83 $415,850.33
203 $415,850.33 $1,107.32 $0.00 $2,351.28 $419,308.93
204 $419,308.93 $1,107.32 $0.00 $2,370.83 $422,787.08
205 $422,787.08 $1,107.32 $0.00 $2,390.50 $426,284.90
206 $426,284.90 $1,107.32 $0.00 $2,410.28 $429,802.50
207 $429,802.50 $1,107.32 $0.00 $2,430.17 $433,339.99
208 $433,339.99 $1,107.32 $0.00 $2,450.17 $436,897.48
209 $436,897.48 $1,107.32 $0.00 $2,470.28 $440,475.08
210 $440,475.08 $1,107.32 $0.00 $2,490.51 $444,072.91
211 $444,072.91 $1,107.32 $0.00 $2,510.85 $447,691.08
212 $447,691.08 $1,107.32 $0.00 $2,531.31 $451,329.71
213 $451,329.71 $1,107.32 $0.00 $2,551.88 $454,988.91
214 $454,988.91 $1,107.32 $0.00 $2,572.57 $458,668.80
215 $458,668.80 $1,107.32 $0.00 $2,593.38 $462,369.50
216 $462,369.50 $1,107.32 $0.00 $2,614.30 $466,091.12
217 $466,091.12 $1,107.32 $126,226.95 $2,635.35 $343,606.84
218 $343,606.84 $1,107.32 $0.00 $1,942.80 $346,656.96
219 $346,656.96 $1,107.32 $0.00 $1,960.05 $349,724.33
220 $349,724.33 $1,107.32 $0.00 $1,977.39 $352,809.04
221 $352,809.04 $1,107.32 $0.00 $1,994.83 $355,911.19
222 $355,911.19 $1,107.32 $0.00 $2,012.37 $359,030.88
223 $359,030.88 $1,107.32 $0.00 $2,030.01 $362,168.21
224 $362,168.21 $1,107.32 $0.00 $2,047.75 $365,323.28
225 $365,323.28 $1,107.32 $0.00 $2,065.59 $368,496.19
226 $368,496.19 $1,107.32 $0.00 $2,083.53 $371,687.04
227 $371,687.04 $1,107.32 $0.00 $2,101.57 $374,895.93
228 $374,895.93 $1,107.32 $0.00 $2,119.72 $378,122.97
229 $378,122.97 $1,107.32 $135,062.84 $2,137.96 $246,305.41
230 $246,305.41 $1,107.32 $0.00 $1,392.65 $248,805.38
231 $248,805.38 $1,107.32 $0.00 $1,406.78 $251,319.48
232 $251,319.48 $1,107.32 $0.00 $1,421.00 $253,847.80
233 $253,847.80 $1,107.32 $0.00 $1,435.29 $256,390.41
234 $256,390.41 $1,107.32 $0.00 $1,449.67 $258,947.40
235 $258,947.40 $1,107.32 $0.00 $1,464.13 $261,518.85
236 $261,518.85 $1,107.32 $0.00 $1,478.67 $264,104.84
237 $264,104.84 $1,107.32 $0.00 $1,493.29 $266,705.45
238 $266,705.45 $1,107.32 $0.00 $1,507.99 $269,320.76
239 $269,320.76 $1,107.32 $0.00 $1,522.78 $271,950.86
240 $271,950.86 $1,107.32 $0.00 $1,537.65 $274,595.83
241 $274,595.83 $1,107.32 $144,517.24 $1,552.60 $132,738.51
242 $132,738.51 $1,107.32 $0.00 $750.52 $134,596.35
243 $134,596.35 $1,107.32 $0.00 $761.03 $136,464.70
244 $136,464.70 $1,107.32 $0.00 $771.59 $138,343.61
245 $138,343.61 $1,107.32 $0.00 $782.21 $140,233.14
246 $140,233.14 $1,107.32 $0.00 $792.90 $142,133.36
247 $142,133.36 $1,107.32 $0.00 $803.64 $144,044.32
248 $144,044.32 $1,107.32 $0.00 $814.45 $145,966.09
249 $145,966.09 $1,107.32 $0.00 $825.31 $147,898.72
250 $147,898.72 $1,107.32 $0.00 $836.24 $149,842.28
251 $149,842.28 $1,107.32 $0.00 $847.23 $151,796.83
252 $151,796.83 $1,107.32 $0.00 $858.28 $153,762.43
253 $153,762.43 $0.00 $154,633.44 $869.40 -$1.61