Savings Plan and Future Cost Estimation for CUNY Medgar Evers College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$122,076
Monthly savings required$965

How much will it cost to send your child to CUNY Medgar Evers College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $488,303.23 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $964.81 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$32,539.00
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 $964.81 $0.00 $0.00 $964.81
2 $964.81 $964.81 $0.00 $5.46 $1,935.08
3 $1,935.08 $964.81 $0.00 $10.94 $2,910.83
4 $2,910.83 $964.81 $0.00 $16.46 $3,892.10
5 $3,892.10 $964.81 $0.00 $22.01 $4,878.92
6 $4,878.92 $964.81 $0.00 $27.59 $5,871.32
7 $5,871.32 $964.81 $0.00 $33.20 $6,869.33
8 $6,869.33 $964.81 $0.00 $38.84 $7,872.98
9 $7,872.98 $964.81 $0.00 $44.51 $8,882.30
10 $8,882.30 $964.81 $0.00 $50.22 $9,897.33
11 $9,897.33 $964.81 $0.00 $55.96 $10,918.10
12 $10,918.10 $964.81 $0.00 $61.73 $11,944.64
13 $11,944.64 $964.81 $0.00 $67.54 $12,976.99
14 $12,976.99 $964.81 $0.00 $73.37 $14,015.17
15 $14,015.17 $964.81 $0.00 $79.24 $15,059.22
16 $15,059.22 $964.81 $0.00 $85.15 $16,109.18
17 $16,109.18 $964.81 $0.00 $91.08 $17,165.07
18 $17,165.07 $964.81 $0.00 $97.05 $18,226.93
19 $18,226.93 $964.81 $0.00 $103.06 $19,294.80
20 $19,294.80 $964.81 $0.00 $109.10 $20,368.71
21 $20,368.71 $964.81 $0.00 $115.17 $21,448.69
22 $21,448.69 $964.81 $0.00 $121.27 $22,534.77
23 $22,534.77 $964.81 $0.00 $127.41 $23,626.99
24 $23,626.99 $964.81 $0.00 $133.59 $24,725.39
25 $24,725.39 $964.81 $0.00 $139.80 $25,830.00
26 $25,830.00 $964.81 $0.00 $146.05 $26,940.86
27 $26,940.86 $964.81 $0.00 $152.33 $28,058.00
28 $28,058.00 $964.81 $0.00 $158.64 $29,181.45
29 $29,181.45 $964.81 $0.00 $165.00 $30,311.26
30 $30,311.26 $964.81 $0.00 $171.38 $31,447.45
31 $31,447.45 $964.81 $0.00 $177.81 $32,590.07
32 $32,590.07 $964.81 $0.00 $184.27 $33,739.15
33 $33,739.15 $964.81 $0.00 $190.77 $34,894.73
34 $34,894.73 $964.81 $0.00 $197.30 $36,056.84
35 $36,056.84 $964.81 $0.00 $203.87 $37,225.52
36 $37,225.52 $964.81 $0.00 $210.48 $38,400.81
37 $38,400.81 $964.81 $0.00 $217.12 $39,582.74
38 $39,582.74 $964.81 $0.00 $223.81 $40,771.36
39 $40,771.36 $964.81 $0.00 $230.53 $41,966.70
40 $41,966.70 $964.81 $0.00 $237.29 $43,168.80
41 $43,168.80 $964.81 $0.00 $244.08 $44,377.69
42 $44,377.69 $964.81 $0.00 $250.92 $45,593.42
43 $45,593.42 $964.81 $0.00 $257.79 $46,816.02
44 $46,816.02 $964.81 $0.00 $264.70 $48,045.53
45 $48,045.53 $964.81 $0.00 $271.66 $49,282.00
46 $49,282.00 $964.81 $0.00 $278.65 $50,525.46
47 $50,525.46 $964.81 $0.00 $285.68 $51,775.95
48 $51,775.95 $964.81 $0.00 $292.75 $53,033.51
49 $53,033.51 $964.81 $0.00 $299.86 $54,298.18
50 $54,298.18 $964.81 $0.00 $307.01 $55,570.00
51 $55,570.00 $964.81 $0.00 $314.20 $56,849.01
52 $56,849.01 $964.81 $0.00 $321.43 $58,135.25
53 $58,135.25 $964.81 $0.00 $328.71 $59,428.77
54 $59,428.77 $964.81 $0.00 $336.02 $60,729.60
55 $60,729.60 $964.81 $0.00 $343.37 $62,037.78
56 $62,037.78 $964.81 $0.00 $350.77 $63,353.36
57 $63,353.36 $964.81 $0.00 $358.21 $64,676.38
58 $64,676.38 $964.81 $0.00 $365.69 $66,006.88
59 $66,006.88 $964.81 $0.00 $373.21 $67,344.90
60 $67,344.90 $964.81 $0.00 $380.78 $68,690.49
61 $68,690.49 $964.81 $0.00 $388.39 $70,043.69
62 $70,043.69 $964.81 $0.00 $396.04 $71,404.54
63 $71,404.54 $964.81 $0.00 $403.73 $72,773.08
64 $72,773.08 $964.81 $0.00 $411.47 $74,149.36
65 $74,149.36 $964.81 $0.00 $419.25 $75,533.42
66 $75,533.42 $964.81 $0.00 $427.08 $76,925.31
67 $76,925.31 $964.81 $0.00 $434.95 $78,325.07
68 $78,325.07 $964.81 $0.00 $442.86 $79,732.74
69 $79,732.74 $964.81 $0.00 $450.82 $81,148.37
70 $81,148.37 $964.81 $0.00 $458.82 $82,572.00
71 $82,572.00 $964.81 $0.00 $466.87 $84,003.68
72 $84,003.68 $964.81 $0.00 $474.97 $85,443.46
73 $85,443.46 $964.81 $0.00 $483.11 $86,891.38
74 $86,891.38 $964.81 $0.00 $491.30 $88,347.49
75 $88,347.49 $964.81 $0.00 $499.53 $89,811.83
76 $89,811.83 $964.81 $0.00 $507.81 $91,284.45
77 $91,284.45 $964.81 $0.00 $516.14 $92,765.40
78 $92,765.40 $964.81 $0.00 $524.51 $94,254.72
79 $94,254.72 $964.81 $0.00 $532.93 $95,752.46
80 $95,752.46 $964.81 $0.00 $541.40 $97,258.67
81 $97,258.67 $964.81 $0.00 $549.91 $98,773.39
82 $98,773.39 $964.81 $0.00 $558.48 $100,296.68
83 $100,296.68 $964.81 $0.00 $567.09 $101,828.58
84 $101,828.58 $964.81 $0.00 $575.75 $103,369.14
85 $103,369.14 $964.81 $0.00 $584.46 $104,918.41
86 $104,918.41 $964.81 $0.00 $593.22 $106,476.44
87 $106,476.44 $964.81 $0.00 $602.03 $108,043.28
88 $108,043.28 $964.81 $0.00 $610.89 $109,618.98
89 $109,618.98 $964.81 $0.00 $619.80 $111,203.59
90 $111,203.59 $964.81 $0.00 $628.76 $112,797.16
91 $112,797.16 $964.81 $0.00 $637.77 $114,399.74
92 $114,399.74 $964.81 $0.00 $646.83 $116,011.38
93 $116,011.38 $964.81 $0.00 $655.95 $117,632.14
94 $117,632.14 $964.81 $0.00 $665.11 $119,262.06
95 $119,262.06 $964.81 $0.00 $674.33 $120,901.20
96 $120,901.20 $964.81 $0.00 $683.59 $122,549.60
97 $122,549.60 $964.81 $0.00 $692.91 $124,207.32
98 $124,207.32 $964.81 $0.00 $702.29 $125,874.42
99 $125,874.42 $964.81 $0.00 $711.71 $127,550.94
100 $127,550.94 $964.81 $0.00 $721.19 $129,236.94
101 $129,236.94 $964.81 $0.00 $730.72 $130,932.47
102 $130,932.47 $964.81 $0.00 $740.31 $132,637.59
103 $132,637.59 $964.81 $0.00 $749.95 $134,352.35
104 $134,352.35 $964.81 $0.00 $759.65 $136,076.81
105 $136,076.81 $964.81 $0.00 $769.40 $137,811.02
106 $137,811.02 $964.81 $0.00 $779.20 $139,555.03
107 $139,555.03 $964.81 $0.00 $789.06 $141,308.90
108 $141,308.90 $964.81 $0.00 $798.98 $143,072.69
109 $143,072.69 $964.81 $0.00 $808.95 $144,846.45
110 $144,846.45 $964.81 $0.00 $818.98 $146,630.24
111 $146,630.24 $964.81 $0.00 $829.07 $148,424.12
112 $148,424.12 $964.81 $0.00 $839.21 $150,228.14
113 $150,228.14 $964.81 $0.00 $849.41 $152,042.36
114 $152,042.36 $964.81 $0.00 $859.67 $153,866.84
115 $153,866.84 $964.81 $0.00 $869.99 $155,701.64
116 $155,701.64 $964.81 $0.00 $880.36 $157,546.81
117 $157,546.81 $964.81 $0.00 $890.79 $159,402.41
118 $159,402.41 $964.81 $0.00 $901.28 $161,268.50
119 $161,268.50 $964.81 $0.00 $911.84 $163,145.15
120 $163,145.15 $964.81 $0.00 $922.45 $165,032.41
121 $165,032.41 $964.81 $0.00 $933.12 $166,930.34
122 $166,930.34 $964.81 $0.00 $943.85 $168,839.00
123 $168,839.00 $964.81 $0.00 $954.64 $170,758.45
124 $170,758.45 $964.81 $0.00 $965.49 $172,688.75
125 $172,688.75 $964.81 $0.00 $976.41 $174,629.97
126 $174,629.97 $964.81 $0.00 $987.38 $176,582.16
127 $176,582.16 $964.81 $0.00 $998.42 $178,545.39
128 $178,545.39 $964.81 $0.00 $1,009.52 $180,519.72
129 $180,519.72 $964.81 $0.00 $1,020.68 $182,505.21
130 $182,505.21 $964.81 $0.00 $1,031.91 $184,501.93
131 $184,501.93 $964.81 $0.00 $1,043.20 $186,509.94
132 $186,509.94 $964.81 $0.00 $1,054.55 $188,529.30
133 $188,529.30 $964.81 $0.00 $1,065.97 $190,560.08
134 $190,560.08 $964.81 $0.00 $1,077.45 $192,602.34
135 $192,602.34 $964.81 $0.00 $1,089.00 $194,656.15
136 $194,656.15 $964.81 $0.00 $1,100.61 $196,721.57
137 $196,721.57 $964.81 $0.00 $1,112.29 $198,798.67
138 $198,798.67 $964.81 $0.00 $1,124.04 $200,887.52
139 $200,887.52 $964.81 $0.00 $1,135.85 $202,988.18
140 $202,988.18 $964.81 $0.00 $1,147.72 $205,100.71
141 $205,100.71 $964.81 $0.00 $1,159.67 $207,225.19
142 $207,225.19 $964.81 $0.00 $1,171.68 $209,361.68
143 $209,361.68 $964.81 $0.00 $1,183.76 $211,510.25
144 $211,510.25 $964.81 $0.00 $1,195.91 $213,670.97
145 $213,670.97 $964.81 $0.00 $1,208.13 $215,843.91
146 $215,843.91 $964.81 $0.00 $1,220.41 $218,029.13
147 $218,029.13 $964.81 $0.00 $1,232.77 $220,226.71
148 $220,226.71 $964.81 $0.00 $1,245.19 $222,436.71
149 $222,436.71 $964.81 $0.00 $1,257.69 $224,659.21
150 $224,659.21 $964.81 $0.00 $1,270.26 $226,894.28
151 $226,894.28 $964.81 $0.00 $1,282.89 $229,141.98
152 $229,141.98 $964.81 $0.00 $1,295.60 $231,402.39
153 $231,402.39 $964.81 $0.00 $1,308.38 $233,675.58
154 $233,675.58 $964.81 $0.00 $1,321.24 $235,961.63
155 $235,961.63 $964.81 $0.00 $1,334.16 $238,260.60
156 $238,260.60 $964.81 $0.00 $1,347.16 $240,572.57
157 $240,572.57 $964.81 $0.00 $1,360.23 $242,897.61
158 $242,897.61 $964.81 $0.00 $1,373.38 $245,235.80
159 $245,235.80 $964.81 $0.00 $1,386.60 $247,587.21
160 $247,587.21 $964.81 $0.00 $1,399.89 $249,951.91
161 $249,951.91 $964.81 $0.00 $1,413.26 $252,329.98
162 $252,329.98 $964.81 $0.00 $1,426.71 $254,721.50
163 $254,721.50 $964.81 $0.00 $1,440.23 $257,126.54
164 $257,126.54 $964.81 $0.00 $1,453.83 $259,545.18
165 $259,545.18 $964.81 $0.00 $1,467.51 $261,977.50
166 $261,977.50 $964.81 $0.00 $1,481.26 $264,423.57
167 $264,423.57 $964.81 $0.00 $1,495.09 $266,883.47
168 $266,883.47 $964.81 $0.00 $1,509.00 $269,357.28
169 $269,357.28 $964.81 $0.00 $1,522.99 $271,845.08
170 $271,845.08 $964.81 $0.00 $1,537.05 $274,346.94
171 $274,346.94 $964.81 $0.00 $1,551.20 $276,862.95
172 $276,862.95 $964.81 $0.00 $1,565.42 $279,393.18
173 $279,393.18 $964.81 $0.00 $1,579.73 $281,937.72
174 $281,937.72 $964.81 $0.00 $1,594.12 $284,496.65
175 $284,496.65 $964.81 $0.00 $1,608.59 $287,070.05
176 $287,070.05 $964.81 $0.00 $1,623.14 $289,658.00
177 $289,658.00 $964.81 $0.00 $1,637.77 $292,260.58
178 $292,260.58 $964.81 $0.00 $1,652.48 $294,877.87
179 $294,877.87 $964.81 $0.00 $1,667.28 $297,509.96
180 $297,509.96 $964.81 $0.00 $1,682.16 $300,156.93
181 $300,156.93 $964.81 $0.00 $1,697.13 $302,818.87
182 $302,818.87 $964.81 $0.00 $1,712.18 $305,495.86
183 $305,495.86 $964.81 $0.00 $1,727.32 $308,187.99
184 $308,187.99 $964.81 $0.00 $1,742.54 $310,895.34
185 $310,895.34 $964.81 $0.00 $1,757.85 $313,618.00
186 $313,618.00 $964.81 $0.00 $1,773.24 $316,356.05
187 $316,356.05 $964.81 $0.00 $1,788.72 $319,109.58
188 $319,109.58 $964.81 $0.00 $1,804.29 $321,878.68
189 $321,878.68 $964.81 $0.00 $1,819.95 $324,663.44
190 $324,663.44 $964.81 $0.00 $1,835.69 $327,463.94
191 $327,463.94 $964.81 $0.00 $1,851.53 $330,280.28
192 $330,280.28 $964.81 $0.00 $1,867.45 $333,112.54
193 $333,112.54 $964.81 $0.00 $1,883.47 $335,960.82
194 $335,960.82 $964.81 $0.00 $1,899.57 $338,825.20
195 $338,825.20 $964.81 $0.00 $1,915.77 $341,705.78
196 $341,705.78 $964.81 $0.00 $1,932.05 $344,602.64
197 $344,602.64 $964.81 $0.00 $1,948.43 $347,515.88
198 $347,515.88 $964.81 $0.00 $1,964.91 $350,445.60
199 $350,445.60 $964.81 $0.00 $1,981.47 $353,391.88
200 $353,391.88 $964.81 $0.00 $1,998.13 $356,354.82
201 $356,354.82 $964.81 $0.00 $2,014.88 $359,334.51
202 $359,334.51 $964.81 $0.00 $2,031.73 $362,331.05
203 $362,331.05 $964.81 $0.00 $2,048.67 $365,344.53
204 $365,344.53 $964.81 $0.00 $2,065.71 $368,375.05
205 $368,375.05 $964.81 $0.00 $2,082.85 $371,422.71
206 $371,422.71 $964.81 $0.00 $2,100.08 $374,487.60
207 $374,487.60 $964.81 $0.00 $2,117.41 $377,569.82
208 $377,569.82 $964.81 $0.00 $2,134.83 $380,669.46
209 $380,669.46 $964.81 $0.00 $2,152.36 $383,786.63
210 $383,786.63 $964.81 $0.00 $2,169.99 $386,921.43
211 $386,921.43 $964.81 $0.00 $2,187.71 $390,073.95
212 $390,073.95 $964.81 $0.00 $2,205.53 $393,244.29
213 $393,244.29 $964.81 $0.00 $2,223.46 $396,432.56
214 $396,432.56 $964.81 $0.00 $2,241.49 $399,638.86
215 $399,638.86 $964.81 $0.00 $2,259.62 $402,863.29
216 $402,863.29 $964.81 $0.00 $2,277.85 $406,105.95
217 $406,105.95 $964.81 $109,979.62 $2,296.18 $299,387.32
218 $299,387.32 $964.81 $0.00 $1,692.78 $302,044.91
219 $302,044.91 $964.81 $0.00 $1,707.81 $304,717.53
220 $304,717.53 $964.81 $0.00 $1,722.92 $307,405.26
221 $307,405.26 $964.81 $0.00 $1,738.11 $310,108.18
222 $310,108.18 $964.81 $0.00 $1,753.40 $312,826.39
223 $312,826.39 $964.81 $0.00 $1,768.77 $315,559.97
224 $315,559.97 $964.81 $0.00 $1,784.22 $318,309.00
225 $318,309.00 $964.81 $0.00 $1,799.77 $321,073.58
226 $321,073.58 $964.81 $0.00 $1,815.40 $323,853.79
227 $323,853.79 $964.81 $0.00 $1,831.12 $326,649.72
228 $326,649.72 $964.81 $0.00 $1,846.93 $329,461.46
229 $329,461.46 $964.81 $117,678.19 $1,862.82 $214,610.90
230 $214,610.90 $964.81 $0.00 $1,213.44 $216,789.15
231 $216,789.15 $964.81 $0.00 $1,225.76 $218,979.72
232 $218,979.72 $964.81 $0.00 $1,238.14 $221,182.67
233 $221,182.67 $964.81 $0.00 $1,250.60 $223,398.08
234 $223,398.08 $964.81 $0.00 $1,263.13 $225,626.02
235 $225,626.02 $964.81 $0.00 $1,275.72 $227,866.55
236 $227,866.55 $964.81 $0.00 $1,288.39 $230,119.75
237 $230,119.75 $964.81 $0.00 $1,301.13 $232,385.69
238 $232,385.69 $964.81 $0.00 $1,313.94 $234,664.44
239 $234,664.44 $964.81 $0.00 $1,326.83 $236,956.08
240 $236,956.08 $964.81 $0.00 $1,339.78 $239,260.67
241 $239,260.67 $964.81 $125,915.66 $1,352.81 $115,662.63
242 $115,662.63 $964.81 $0.00 $653.97 $117,281.41
243 $117,281.41 $964.81 $0.00 $663.13 $118,909.35
244 $118,909.35 $964.81 $0.00 $672.33 $120,546.49
245 $120,546.49 $964.81 $0.00 $681.59 $122,192.89
246 $122,192.89 $964.81 $0.00 $690.90 $123,848.60
247 $123,848.60 $964.81 $0.00 $700.26 $125,513.67
248 $125,513.67 $964.81 $0.00 $709.67 $127,188.15
249 $127,188.15 $964.81 $0.00 $719.14 $128,872.10
250 $128,872.10 $964.81 $0.00 $728.66 $130,565.57
251 $130,565.57 $964.81 $0.00 $738.24 $132,268.62
252 $132,268.62 $964.81 $0.00 $747.87 $133,981.30
253 $133,981.30 $0.00 $134,729.76 $757.55 $9.09