Savings Plan and Future Cost Estimation for College of Saint Mary

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$131,931
Monthly savings required$1,043

How much will it cost to send your child to College of Saint Mary in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $527,725.85 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,042.68 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$35,166.00
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 $1,042.68 $0.00 $0.00 $1,042.68
2 $1,042.68 $1,042.68 $0.00 $5.90 $2,091.26
3 $2,091.26 $1,042.68 $0.00 $11.82 $3,145.76
4 $3,145.76 $1,042.68 $0.00 $17.79 $4,206.23
5 $4,206.23 $1,042.68 $0.00 $23.78 $5,272.69
6 $5,272.69 $1,042.68 $0.00 $29.81 $6,345.18
7 $6,345.18 $1,042.68 $0.00 $35.88 $7,423.74
8 $7,423.74 $1,042.68 $0.00 $41.97 $8,508.39
9 $8,508.39 $1,042.68 $0.00 $48.11 $9,599.18
10 $9,599.18 $1,042.68 $0.00 $54.28 $10,696.14
11 $10,696.14 $1,042.68 $0.00 $60.48 $11,799.30
12 $11,799.30 $1,042.68 $0.00 $66.71 $12,908.69
13 $12,908.69 $1,042.68 $0.00 $72.99 $14,024.36
14 $14,024.36 $1,042.68 $0.00 $79.30 $15,146.34
15 $15,146.34 $1,042.68 $0.00 $85.64 $16,274.66
16 $16,274.66 $1,042.68 $0.00 $92.02 $17,409.36
17 $17,409.36 $1,042.68 $0.00 $98.44 $18,550.48
18 $18,550.48 $1,042.68 $0.00 $104.89 $19,698.05
19 $19,698.05 $1,042.68 $0.00 $111.38 $20,852.11
20 $20,852.11 $1,042.68 $0.00 $117.90 $22,012.69
21 $22,012.69 $1,042.68 $0.00 $124.46 $23,179.83
22 $23,179.83 $1,042.68 $0.00 $131.06 $24,353.57
23 $24,353.57 $1,042.68 $0.00 $137.70 $25,533.95
24 $25,533.95 $1,042.68 $0.00 $144.37 $26,721.00
25 $26,721.00 $1,042.68 $0.00 $151.08 $27,914.76
26 $27,914.76 $1,042.68 $0.00 $157.83 $29,115.27
27 $29,115.27 $1,042.68 $0.00 $164.62 $30,322.57
28 $30,322.57 $1,042.68 $0.00 $171.45 $31,536.70
29 $31,536.70 $1,042.68 $0.00 $178.31 $32,757.69
30 $32,757.69 $1,042.68 $0.00 $185.22 $33,985.59
31 $33,985.59 $1,042.68 $0.00 $192.16 $35,220.43
32 $35,220.43 $1,042.68 $0.00 $199.14 $36,462.25
33 $36,462.25 $1,042.68 $0.00 $206.16 $37,711.09
34 $37,711.09 $1,042.68 $0.00 $213.22 $38,966.99
35 $38,966.99 $1,042.68 $0.00 $220.33 $40,230.00
36 $40,230.00 $1,042.68 $0.00 $227.47 $41,500.15
37 $41,500.15 $1,042.68 $0.00 $234.65 $42,777.48
38 $42,777.48 $1,042.68 $0.00 $241.87 $44,062.03
39 $44,062.03 $1,042.68 $0.00 $249.13 $45,353.84
40 $45,353.84 $1,042.68 $0.00 $256.44 $46,652.96
41 $46,652.96 $1,042.68 $0.00 $263.78 $47,959.42
42 $47,959.42 $1,042.68 $0.00 $271.17 $49,273.27
43 $49,273.27 $1,042.68 $0.00 $278.60 $50,594.55
44 $50,594.55 $1,042.68 $0.00 $286.07 $51,923.30
45 $51,923.30 $1,042.68 $0.00 $293.58 $53,259.56
46 $53,259.56 $1,042.68 $0.00 $301.14 $54,603.38
47 $54,603.38 $1,042.68 $0.00 $308.74 $55,954.80
48 $55,954.80 $1,042.68 $0.00 $316.38 $57,313.86
49 $57,313.86 $1,042.68 $0.00 $324.06 $58,680.60
50 $58,680.60 $1,042.68 $0.00 $331.79 $60,055.07
51 $60,055.07 $1,042.68 $0.00 $339.56 $61,437.31
52 $61,437.31 $1,042.68 $0.00 $347.38 $62,827.37
53 $62,827.37 $1,042.68 $0.00 $355.24 $64,225.29
54 $64,225.29 $1,042.68 $0.00 $363.14 $65,631.11
55 $65,631.11 $1,042.68 $0.00 $371.09 $67,044.88
56 $67,044.88 $1,042.68 $0.00 $379.08 $68,466.64
57 $68,466.64 $1,042.68 $0.00 $387.12 $69,896.44
58 $69,896.44 $1,042.68 $0.00 $395.20 $71,334.32
59 $71,334.32 $1,042.68 $0.00 $403.33 $72,780.33
60 $72,780.33 $1,042.68 $0.00 $411.51 $74,234.52
61 $74,234.52 $1,042.68 $0.00 $419.73 $75,696.93
62 $75,696.93 $1,042.68 $0.00 $428.00 $77,167.61
63 $77,167.61 $1,042.68 $0.00 $436.32 $78,646.61
64 $78,646.61 $1,042.68 $0.00 $444.68 $80,133.97
65 $80,133.97 $1,042.68 $0.00 $453.09 $81,629.74
66 $81,629.74 $1,042.68 $0.00 $461.55 $83,133.97
67 $83,133.97 $1,042.68 $0.00 $470.05 $84,646.70
68 $84,646.70 $1,042.68 $0.00 $478.60 $86,167.98
69 $86,167.98 $1,042.68 $0.00 $487.21 $87,697.87
70 $87,697.87 $1,042.68 $0.00 $495.86 $89,236.41
71 $89,236.41 $1,042.68 $0.00 $504.56 $90,783.65
72 $90,783.65 $1,042.68 $0.00 $513.30 $92,339.63
73 $92,339.63 $1,042.68 $0.00 $522.10 $93,904.41
74 $93,904.41 $1,042.68 $0.00 $530.95 $95,478.04
75 $95,478.04 $1,042.68 $0.00 $539.85 $97,060.57
76 $97,060.57 $1,042.68 $0.00 $548.79 $98,652.04
77 $98,652.04 $1,042.68 $0.00 $557.79 $100,252.51
78 $100,252.51 $1,042.68 $0.00 $566.84 $101,862.03
79 $101,862.03 $1,042.68 $0.00 $575.94 $103,480.65
80 $103,480.65 $1,042.68 $0.00 $585.09 $105,108.42
81 $105,108.42 $1,042.68 $0.00 $594.30 $106,745.40
82 $106,745.40 $1,042.68 $0.00 $603.55 $108,391.63
83 $108,391.63 $1,042.68 $0.00 $612.86 $110,047.17
84 $110,047.17 $1,042.68 $0.00 $622.22 $111,712.07
85 $111,712.07 $1,042.68 $0.00 $631.64 $113,386.39
86 $113,386.39 $1,042.68 $0.00 $641.10 $115,070.17
87 $115,070.17 $1,042.68 $0.00 $650.62 $116,763.47
88 $116,763.47 $1,042.68 $0.00 $660.20 $118,466.35
89 $118,466.35 $1,042.68 $0.00 $669.83 $120,178.86
90 $120,178.86 $1,042.68 $0.00 $679.51 $121,901.05
91 $121,901.05 $1,042.68 $0.00 $689.25 $123,632.98
92 $123,632.98 $1,042.68 $0.00 $699.04 $125,374.70
93 $125,374.70 $1,042.68 $0.00 $708.89 $127,126.27
94 $127,126.27 $1,042.68 $0.00 $718.79 $128,887.74
95 $128,887.74 $1,042.68 $0.00 $728.75 $130,659.17
96 $130,659.17 $1,042.68 $0.00 $738.77 $132,440.62
97 $132,440.62 $1,042.68 $0.00 $748.84 $134,232.14
98 $134,232.14 $1,042.68 $0.00 $758.97 $136,033.79
99 $136,033.79 $1,042.68 $0.00 $769.15 $137,845.62
100 $137,845.62 $1,042.68 $0.00 $779.40 $139,667.70
101 $139,667.70 $1,042.68 $0.00 $789.70 $141,500.08
102 $141,500.08 $1,042.68 $0.00 $800.06 $143,342.82
103 $143,342.82 $1,042.68 $0.00 $810.48 $145,195.98
104 $145,195.98 $1,042.68 $0.00 $820.96 $147,059.62
105 $147,059.62 $1,042.68 $0.00 $831.50 $148,933.80
106 $148,933.80 $1,042.68 $0.00 $842.09 $150,818.57
107 $150,818.57 $1,042.68 $0.00 $852.75 $152,714.00
108 $152,714.00 $1,042.68 $0.00 $863.47 $154,620.15
109 $154,620.15 $1,042.68 $0.00 $874.24 $156,537.07
110 $156,537.07 $1,042.68 $0.00 $885.08 $158,464.83
111 $158,464.83 $1,042.68 $0.00 $895.98 $160,403.49
112 $160,403.49 $1,042.68 $0.00 $906.94 $162,353.11
113 $162,353.11 $1,042.68 $0.00 $917.97 $164,313.76
114 $164,313.76 $1,042.68 $0.00 $929.05 $166,285.49
115 $166,285.49 $1,042.68 $0.00 $940.20 $168,268.37
116 $168,268.37 $1,042.68 $0.00 $951.41 $170,262.46
117 $170,262.46 $1,042.68 $0.00 $962.69 $172,267.83
118 $172,267.83 $1,042.68 $0.00 $974.03 $174,284.54
119 $174,284.54 $1,042.68 $0.00 $985.43 $176,312.65
120 $176,312.65 $1,042.68 $0.00 $996.90 $178,352.23
121 $178,352.23 $1,042.68 $0.00 $1,008.43 $180,403.34
122 $180,403.34 $1,042.68 $0.00 $1,020.03 $182,466.05
123 $182,466.05 $1,042.68 $0.00 $1,031.69 $184,540.42
124 $184,540.42 $1,042.68 $0.00 $1,043.42 $186,626.52
125 $186,626.52 $1,042.68 $0.00 $1,055.21 $188,724.41
126 $188,724.41 $1,042.68 $0.00 $1,067.08 $190,834.17
127 $190,834.17 $1,042.68 $0.00 $1,079.00 $192,955.85
128 $192,955.85 $1,042.68 $0.00 $1,091.00 $195,089.53
129 $195,089.53 $1,042.68 $0.00 $1,103.06 $197,235.27
130 $197,235.27 $1,042.68 $0.00 $1,115.20 $199,393.15
131 $199,393.15 $1,042.68 $0.00 $1,127.40 $201,563.23
132 $201,563.23 $1,042.68 $0.00 $1,139.67 $203,745.58
133 $203,745.58 $1,042.68 $0.00 $1,152.01 $205,940.27
134 $205,940.27 $1,042.68 $0.00 $1,164.42 $208,147.37
135 $208,147.37 $1,042.68 $0.00 $1,176.90 $210,366.95
136 $210,366.95 $1,042.68 $0.00 $1,189.45 $212,599.08
137 $212,599.08 $1,042.68 $0.00 $1,202.07 $214,843.83
138 $214,843.83 $1,042.68 $0.00 $1,214.76 $217,101.27
139 $217,101.27 $1,042.68 $0.00 $1,227.52 $219,371.47
140 $219,371.47 $1,042.68 $0.00 $1,240.36 $221,654.51
141 $221,654.51 $1,042.68 $0.00 $1,253.27 $223,950.46
142 $223,950.46 $1,042.68 $0.00 $1,266.25 $226,259.39
143 $226,259.39 $1,042.68 $0.00 $1,279.30 $228,581.37
144 $228,581.37 $1,042.68 $0.00 $1,292.43 $230,916.48
145 $230,916.48 $1,042.68 $0.00 $1,305.64 $233,264.80
146 $233,264.80 $1,042.68 $0.00 $1,318.91 $235,626.39
147 $235,626.39 $1,042.68 $0.00 $1,332.27 $238,001.34
148 $238,001.34 $1,042.68 $0.00 $1,345.69 $240,389.71
149 $240,389.71 $1,042.68 $0.00 $1,359.20 $242,791.59
150 $242,791.59 $1,042.68 $0.00 $1,372.78 $245,207.05
151 $245,207.05 $1,042.68 $0.00 $1,386.44 $247,636.17
152 $247,636.17 $1,042.68 $0.00 $1,400.17 $250,079.02
153 $250,079.02 $1,042.68 $0.00 $1,413.98 $252,535.68
154 $252,535.68 $1,042.68 $0.00 $1,427.87 $255,006.23
155 $255,006.23 $1,042.68 $0.00 $1,441.84 $257,490.75
156 $257,490.75 $1,042.68 $0.00 $1,455.89 $259,989.32
157 $259,989.32 $1,042.68 $0.00 $1,470.02 $262,502.02
158 $262,502.02 $1,042.68 $0.00 $1,484.22 $265,028.92
159 $265,028.92 $1,042.68 $0.00 $1,498.51 $267,570.11
160 $267,570.11 $1,042.68 $0.00 $1,512.88 $270,125.67
161 $270,125.67 $1,042.68 $0.00 $1,527.33 $272,695.68
162 $272,695.68 $1,042.68 $0.00 $1,541.86 $275,280.22
163 $275,280.22 $1,042.68 $0.00 $1,556.47 $277,879.37
164 $277,879.37 $1,042.68 $0.00 $1,571.17 $280,493.22
165 $280,493.22 $1,042.68 $0.00 $1,585.95 $283,121.85
166 $283,121.85 $1,042.68 $0.00 $1,600.81 $285,765.34
167 $285,765.34 $1,042.68 $0.00 $1,615.76 $288,423.78
168 $288,423.78 $1,042.68 $0.00 $1,630.79 $291,097.25
169 $291,097.25 $1,042.68 $0.00 $1,645.91 $293,785.84
170 $293,785.84 $1,042.68 $0.00 $1,661.11 $296,489.63
171 $296,489.63 $1,042.68 $0.00 $1,676.40 $299,208.71
172 $299,208.71 $1,042.68 $0.00 $1,691.77 $301,943.16
173 $301,943.16 $1,042.68 $0.00 $1,707.23 $304,693.07
174 $304,693.07 $1,042.68 $0.00 $1,722.78 $307,458.53
175 $307,458.53 $1,042.68 $0.00 $1,738.42 $310,239.63
176 $310,239.63 $1,042.68 $0.00 $1,754.14 $313,036.45
177 $313,036.45 $1,042.68 $0.00 $1,769.95 $315,849.08
178 $315,849.08 $1,042.68 $0.00 $1,785.86 $318,677.62
179 $318,677.62 $1,042.68 $0.00 $1,801.85 $321,522.15
180 $321,522.15 $1,042.68 $0.00 $1,817.93 $324,382.76
181 $324,382.76 $1,042.68 $0.00 $1,834.11 $327,259.55
182 $327,259.55 $1,042.68 $0.00 $1,850.37 $330,152.60
183 $330,152.60 $1,042.68 $0.00 $1,866.73 $333,062.01
184 $333,062.01 $1,042.68 $0.00 $1,883.18 $335,987.87
185 $335,987.87 $1,042.68 $0.00 $1,899.72 $338,930.27
186 $338,930.27 $1,042.68 $0.00 $1,916.36 $341,889.31
187 $341,889.31 $1,042.68 $0.00 $1,933.09 $344,865.08
188 $344,865.08 $1,042.68 $0.00 $1,949.92 $347,857.68
189 $347,857.68 $1,042.68 $0.00 $1,966.84 $350,867.20
190 $350,867.20 $1,042.68 $0.00 $1,983.85 $353,893.73
191 $353,893.73 $1,042.68 $0.00 $2,000.97 $356,937.38
192 $356,937.38 $1,042.68 $0.00 $2,018.18 $359,998.24
193 $359,998.24 $1,042.68 $0.00 $2,035.48 $363,076.40
194 $363,076.40 $1,042.68 $0.00 $2,052.89 $366,171.97
195 $366,171.97 $1,042.68 $0.00 $2,070.39 $369,285.04
196 $369,285.04 $1,042.68 $0.00 $2,087.99 $372,415.71
197 $372,415.71 $1,042.68 $0.00 $2,105.69 $375,564.08
198 $375,564.08 $1,042.68 $0.00 $2,123.49 $378,730.25
199 $378,730.25 $1,042.68 $0.00 $2,141.40 $381,914.33
200 $381,914.33 $1,042.68 $0.00 $2,159.40 $385,116.41
201 $385,116.41 $1,042.68 $0.00 $2,177.50 $388,336.59
202 $388,336.59 $1,042.68 $0.00 $2,195.71 $391,574.98
203 $391,574.98 $1,042.68 $0.00 $2,214.02 $394,831.68
204 $394,831.68 $1,042.68 $0.00 $2,232.44 $398,106.80
205 $398,106.80 $1,042.68 $0.00 $2,250.95 $401,400.43
206 $401,400.43 $1,042.68 $0.00 $2,269.58 $404,712.69
207 $404,712.69 $1,042.68 $0.00 $2,288.30 $408,043.67
208 $408,043.67 $1,042.68 $0.00 $2,307.14 $411,393.49
209 $411,393.49 $1,042.68 $0.00 $2,326.08 $414,762.25
210 $414,762.25 $1,042.68 $0.00 $2,345.13 $418,150.06
211 $418,150.06 $1,042.68 $0.00 $2,364.28 $421,557.02
212 $421,557.02 $1,042.68 $0.00 $2,383.54 $424,983.24
213 $424,983.24 $1,042.68 $0.00 $2,402.92 $428,428.84
214 $428,428.84 $1,042.68 $0.00 $2,422.40 $431,893.92
215 $431,893.92 $1,042.68 $0.00 $2,441.99 $435,378.59
216 $435,378.59 $1,042.68 $0.00 $2,461.69 $438,882.96
217 $438,882.96 $1,042.68 $118,858.70 $2,481.51 $323,548.45
218 $323,548.45 $1,042.68 $0.00 $1,829.39 $326,420.52
219 $326,420.52 $1,042.68 $0.00 $1,845.63 $329,308.83
220 $329,308.83 $1,042.68 $0.00 $1,861.96 $332,213.47
221 $332,213.47 $1,042.68 $0.00 $1,878.38 $335,134.53
222 $335,134.53 $1,042.68 $0.00 $1,894.90 $338,072.11
223 $338,072.11 $1,042.68 $0.00 $1,911.51 $341,026.30
224 $341,026.30 $1,042.68 $0.00 $1,928.21 $343,997.19
225 $343,997.19 $1,042.68 $0.00 $1,945.01 $346,984.88
226 $346,984.88 $1,042.68 $0.00 $1,961.90 $349,989.46
227 $349,989.46 $1,042.68 $0.00 $1,978.89 $353,011.03
228 $353,011.03 $1,042.68 $0.00 $1,995.98 $356,049.69
229 $356,049.69 $1,042.68 $127,178.81 $2,013.16 $231,926.72
230 $231,926.72 $1,042.68 $0.00 $1,311.35 $234,280.75
231 $234,280.75 $1,042.68 $0.00 $1,324.66 $236,648.09
232 $236,648.09 $1,042.68 $0.00 $1,338.04 $239,028.81
233 $239,028.81 $1,042.68 $0.00 $1,351.50 $241,422.99
234 $241,422.99 $1,042.68 $0.00 $1,365.04 $243,830.71
235 $243,830.71 $1,042.68 $0.00 $1,378.65 $246,252.04
236 $246,252.04 $1,042.68 $0.00 $1,392.34 $248,687.06
237 $248,687.06 $1,042.68 $0.00 $1,406.11 $251,135.85
238 $251,135.85 $1,042.68 $0.00 $1,419.96 $253,598.49
239 $253,598.49 $1,042.68 $0.00 $1,433.88 $256,075.05
240 $256,075.05 $1,042.68 $0.00 $1,447.89 $258,565.62
241 $258,565.62 $1,042.68 $136,081.32 $1,461.97 $124,988.95
242 $124,988.95 $1,042.68 $0.00 $706.71 $126,738.34
243 $126,738.34 $1,042.68 $0.00 $716.60 $128,497.62
244 $128,497.62 $1,042.68 $0.00 $726.54 $130,266.84
245 $130,266.84 $1,042.68 $0.00 $736.55 $132,046.07
246 $132,046.07 $1,042.68 $0.00 $746.61 $133,835.36
247 $133,835.36 $1,042.68 $0.00 $756.72 $135,634.76
248 $135,634.76 $1,042.68 $0.00 $766.90 $137,444.34
249 $137,444.34 $1,042.68 $0.00 $777.13 $139,264.15
250 $139,264.15 $1,042.68 $0.00 $787.42 $141,094.25
251 $141,094.25 $1,042.68 $0.00 $797.77 $142,934.70
252 $142,934.70 $1,042.68 $0.00 $808.17 $144,785.55
253 $144,785.55 $0.00 $145,607.02 $818.64 -$2.83