Savings Plan and Future Cost Estimation for Mount Olive College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$131,826
Monthly savings required$1,042

How much will it cost to send your child to Mount Olive College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $527,305.66 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,041.85 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$35,138.00
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 $1,041.85 $0.00 $0.00 $1,041.85
2 $1,041.85 $1,041.85 $0.00 $5.89 $2,089.59
3 $2,089.59 $1,041.85 $0.00 $11.81 $3,143.25
4 $3,143.25 $1,041.85 $0.00 $17.77 $4,202.87
5 $4,202.87 $1,041.85 $0.00 $23.76 $5,268.48
6 $5,268.48 $1,041.85 $0.00 $29.79 $6,340.12
7 $6,340.12 $1,041.85 $0.00 $35.85 $7,417.82
8 $7,417.82 $1,041.85 $0.00 $41.94 $8,501.61
9 $8,501.61 $1,041.85 $0.00 $48.07 $9,591.53
10 $9,591.53 $1,041.85 $0.00 $54.23 $10,687.61
11 $10,687.61 $1,041.85 $0.00 $60.43 $11,789.89
12 $11,789.89 $1,041.85 $0.00 $66.66 $12,898.40
13 $12,898.40 $1,041.85 $0.00 $72.93 $14,013.18
14 $14,013.18 $1,041.85 $0.00 $79.23 $15,134.26
15 $15,134.26 $1,041.85 $0.00 $85.57 $16,261.68
16 $16,261.68 $1,041.85 $0.00 $91.95 $17,395.48
17 $17,395.48 $1,041.85 $0.00 $98.36 $18,535.69
18 $18,535.69 $1,041.85 $0.00 $104.80 $19,682.34
19 $19,682.34 $1,041.85 $0.00 $111.29 $20,835.48
20 $20,835.48 $1,041.85 $0.00 $117.81 $21,995.14
21 $21,995.14 $1,041.85 $0.00 $124.36 $23,161.35
22 $23,161.35 $1,041.85 $0.00 $130.96 $24,334.16
23 $24,334.16 $1,041.85 $0.00 $137.59 $25,513.60
24 $25,513.60 $1,041.85 $0.00 $144.26 $26,699.71
25 $26,699.71 $1,041.85 $0.00 $150.96 $27,892.52
26 $27,892.52 $1,041.85 $0.00 $157.71 $29,092.08
27 $29,092.08 $1,041.85 $0.00 $164.49 $30,298.42
28 $30,298.42 $1,041.85 $0.00 $171.31 $31,511.58
29 $31,511.58 $1,041.85 $0.00 $178.17 $32,731.60
30 $32,731.60 $1,041.85 $0.00 $185.07 $33,958.52
31 $33,958.52 $1,041.85 $0.00 $192.01 $35,192.38
32 $35,192.38 $1,041.85 $0.00 $198.98 $36,433.21
33 $36,433.21 $1,041.85 $0.00 $206.00 $37,681.06
34 $37,681.06 $1,041.85 $0.00 $213.05 $38,935.96
35 $38,935.96 $1,041.85 $0.00 $220.15 $40,197.96
36 $40,197.96 $1,041.85 $0.00 $227.29 $41,467.10
37 $41,467.10 $1,041.85 $0.00 $234.46 $42,743.41
38 $42,743.41 $1,041.85 $0.00 $241.68 $44,026.94
39 $44,026.94 $1,041.85 $0.00 $248.93 $45,317.72
40 $45,317.72 $1,041.85 $0.00 $256.23 $46,615.80
41 $46,615.80 $1,041.85 $0.00 $263.57 $47,921.22
42 $47,921.22 $1,041.85 $0.00 $270.95 $49,234.02
43 $49,234.02 $1,041.85 $0.00 $278.38 $50,554.25
44 $50,554.25 $1,041.85 $0.00 $285.84 $51,881.94
45 $51,881.94 $1,041.85 $0.00 $293.35 $53,217.14
46 $53,217.14 $1,041.85 $0.00 $300.90 $54,559.89
47 $54,559.89 $1,041.85 $0.00 $308.49 $55,910.23
48 $55,910.23 $1,041.85 $0.00 $316.12 $57,268.20
49 $57,268.20 $1,041.85 $0.00 $323.80 $58,633.85
50 $58,633.85 $1,041.85 $0.00 $331.52 $60,007.22
51 $60,007.22 $1,041.85 $0.00 $339.29 $61,388.36
52 $61,388.36 $1,041.85 $0.00 $347.10 $62,777.31
53 $62,777.31 $1,041.85 $0.00 $354.95 $64,174.11
54 $64,174.11 $1,041.85 $0.00 $362.85 $65,578.81
55 $65,578.81 $1,041.85 $0.00 $370.79 $66,991.45
56 $66,991.45 $1,041.85 $0.00 $378.78 $68,412.08
57 $68,412.08 $1,041.85 $0.00 $386.81 $69,840.74
58 $69,840.74 $1,041.85 $0.00 $394.89 $71,277.48
59 $71,277.48 $1,041.85 $0.00 $403.01 $72,722.34
60 $72,722.34 $1,041.85 $0.00 $411.18 $74,175.37
61 $74,175.37 $1,041.85 $0.00 $419.40 $75,636.62
62 $75,636.62 $1,041.85 $0.00 $427.66 $77,106.13
63 $77,106.13 $1,041.85 $0.00 $435.97 $78,583.95
64 $78,583.95 $1,041.85 $0.00 $444.33 $80,070.13
65 $80,070.13 $1,041.85 $0.00 $452.73 $81,564.71
66 $81,564.71 $1,041.85 $0.00 $461.18 $83,067.74
67 $83,067.74 $1,041.85 $0.00 $469.68 $84,579.27
68 $84,579.27 $1,041.85 $0.00 $478.22 $86,099.34
69 $86,099.34 $1,041.85 $0.00 $486.82 $87,628.01
70 $87,628.01 $1,041.85 $0.00 $495.46 $89,165.32
71 $89,165.32 $1,041.85 $0.00 $504.15 $90,711.32
72 $90,711.32 $1,041.85 $0.00 $512.89 $92,266.06
73 $92,266.06 $1,041.85 $0.00 $521.69 $93,829.60
74 $93,829.60 $1,041.85 $0.00 $530.53 $95,401.98
75 $95,401.98 $1,041.85 $0.00 $539.42 $96,983.25
76 $96,983.25 $1,041.85 $0.00 $548.36 $98,573.46
77 $98,573.46 $1,041.85 $0.00 $557.35 $100,172.66
78 $100,172.66 $1,041.85 $0.00 $566.39 $101,780.90
79 $101,780.90 $1,041.85 $0.00 $575.48 $103,398.23
80 $103,398.23 $1,041.85 $0.00 $584.63 $105,024.71
81 $105,024.71 $1,041.85 $0.00 $593.82 $106,660.38
82 $106,660.38 $1,041.85 $0.00 $603.07 $108,305.30
83 $108,305.30 $1,041.85 $0.00 $612.37 $109,959.52
84 $109,959.52 $1,041.85 $0.00 $621.73 $111,623.10
85 $111,623.10 $1,041.85 $0.00 $631.13 $113,296.08
86 $113,296.08 $1,041.85 $0.00 $640.59 $114,978.52
87 $114,978.52 $1,041.85 $0.00 $650.11 $116,670.48
88 $116,670.48 $1,041.85 $0.00 $659.67 $118,372.00
89 $118,372.00 $1,041.85 $0.00 $669.29 $120,083.14
90 $120,083.14 $1,041.85 $0.00 $678.97 $121,803.96
91 $121,803.96 $1,041.85 $0.00 $688.70 $123,534.51
92 $123,534.51 $1,041.85 $0.00 $698.48 $125,274.84
93 $125,274.84 $1,041.85 $0.00 $708.32 $127,025.01
94 $127,025.01 $1,041.85 $0.00 $718.22 $128,785.08
95 $128,785.08 $1,041.85 $0.00 $728.17 $130,555.10
96 $130,555.10 $1,041.85 $0.00 $738.18 $132,335.13
97 $132,335.13 $1,041.85 $0.00 $748.24 $134,125.22
98 $134,125.22 $1,041.85 $0.00 $758.36 $135,925.43
99 $135,925.43 $1,041.85 $0.00 $768.54 $137,735.82
100 $137,735.82 $1,041.85 $0.00 $778.78 $139,556.45
101 $139,556.45 $1,041.85 $0.00 $789.07 $141,387.37
102 $141,387.37 $1,041.85 $0.00 $799.42 $143,228.64
103 $143,228.64 $1,041.85 $0.00 $809.84 $145,080.33
104 $145,080.33 $1,041.85 $0.00 $820.31 $146,942.49
105 $146,942.49 $1,041.85 $0.00 $830.83 $148,815.17
106 $148,815.17 $1,041.85 $0.00 $841.42 $150,698.44
107 $150,698.44 $1,041.85 $0.00 $852.07 $152,592.36
108 $152,592.36 $1,041.85 $0.00 $862.78 $154,496.99
109 $154,496.99 $1,041.85 $0.00 $873.55 $156,412.39
110 $156,412.39 $1,041.85 $0.00 $884.38 $158,338.62
111 $158,338.62 $1,041.85 $0.00 $895.27 $160,275.74
112 $160,275.74 $1,041.85 $0.00 $906.22 $162,223.81
113 $162,223.81 $1,041.85 $0.00 $917.24 $164,182.90
114 $164,182.90 $1,041.85 $0.00 $928.31 $166,153.06
115 $166,153.06 $1,041.85 $0.00 $939.45 $168,134.36
116 $168,134.36 $1,041.85 $0.00 $950.66 $170,126.87
117 $170,126.87 $1,041.85 $0.00 $961.92 $172,130.64
118 $172,130.64 $1,041.85 $0.00 $973.25 $174,145.74
119 $174,145.74 $1,041.85 $0.00 $984.65 $176,172.24
120 $176,172.24 $1,041.85 $0.00 $996.10 $178,210.19
121 $178,210.19 $1,041.85 $0.00 $1,007.63 $180,259.67
122 $180,259.67 $1,041.85 $0.00 $1,019.21 $182,320.73
123 $182,320.73 $1,041.85 $0.00 $1,030.87 $184,393.45
124 $184,393.45 $1,041.85 $0.00 $1,042.59 $186,477.89
125 $186,477.89 $1,041.85 $0.00 $1,054.37 $188,574.11
126 $188,574.11 $1,041.85 $0.00 $1,066.23 $190,682.19
127 $190,682.19 $1,041.85 $0.00 $1,078.14 $192,802.18
128 $192,802.18 $1,041.85 $0.00 $1,090.13 $194,934.16
129 $194,934.16 $1,041.85 $0.00 $1,102.19 $197,078.20
130 $197,078.20 $1,041.85 $0.00 $1,114.31 $199,234.36
131 $199,234.36 $1,041.85 $0.00 $1,126.50 $201,402.71
132 $201,402.71 $1,041.85 $0.00 $1,138.76 $203,583.32
133 $203,583.32 $1,041.85 $0.00 $1,151.09 $205,776.26
134 $205,776.26 $1,041.85 $0.00 $1,163.49 $207,981.60
135 $207,981.60 $1,041.85 $0.00 $1,175.96 $210,199.41
136 $210,199.41 $1,041.85 $0.00 $1,188.50 $212,429.76
137 $212,429.76 $1,041.85 $0.00 $1,201.11 $214,672.72
138 $214,672.72 $1,041.85 $0.00 $1,213.79 $216,928.36
139 $216,928.36 $1,041.85 $0.00 $1,226.54 $219,196.75
140 $219,196.75 $1,041.85 $0.00 $1,239.37 $221,477.97
141 $221,477.97 $1,041.85 $0.00 $1,252.27 $223,772.09
142 $223,772.09 $1,041.85 $0.00 $1,265.24 $226,079.18
143 $226,079.18 $1,041.85 $0.00 $1,278.28 $228,399.31
144 $228,399.31 $1,041.85 $0.00 $1,291.40 $230,732.56
145 $230,732.56 $1,041.85 $0.00 $1,304.60 $233,079.01
146 $233,079.01 $1,041.85 $0.00 $1,317.86 $235,438.72
147 $235,438.72 $1,041.85 $0.00 $1,331.20 $237,811.77
148 $237,811.77 $1,041.85 $0.00 $1,344.62 $240,198.24
149 $240,198.24 $1,041.85 $0.00 $1,358.12 $242,598.21
150 $242,598.21 $1,041.85 $0.00 $1,371.69 $245,011.75
151 $245,011.75 $1,041.85 $0.00 $1,385.33 $247,438.93
152 $247,438.93 $1,041.85 $0.00 $1,399.06 $249,879.84
153 $249,879.84 $1,041.85 $0.00 $1,412.86 $252,334.55
154 $252,334.55 $1,041.85 $0.00 $1,426.74 $254,803.14
155 $254,803.14 $1,041.85 $0.00 $1,440.69 $257,285.68
156 $257,285.68 $1,041.85 $0.00 $1,454.73 $259,782.26
157 $259,782.26 $1,041.85 $0.00 $1,468.85 $262,292.96
158 $262,292.96 $1,041.85 $0.00 $1,483.04 $264,817.85
159 $264,817.85 $1,041.85 $0.00 $1,497.32 $267,357.02
160 $267,357.02 $1,041.85 $0.00 $1,511.68 $269,910.55
161 $269,910.55 $1,041.85 $0.00 $1,526.11 $272,478.51
162 $272,478.51 $1,041.85 $0.00 $1,540.63 $275,060.99
163 $275,060.99 $1,041.85 $0.00 $1,555.23 $277,658.07
164 $277,658.07 $1,041.85 $0.00 $1,569.92 $280,269.84
165 $280,269.84 $1,041.85 $0.00 $1,584.69 $282,896.38
166 $282,896.38 $1,041.85 $0.00 $1,599.54 $285,537.77
167 $285,537.77 $1,041.85 $0.00 $1,614.47 $288,194.09
168 $288,194.09 $1,041.85 $0.00 $1,629.49 $290,865.43
169 $290,865.43 $1,041.85 $0.00 $1,644.60 $293,551.88
170 $293,551.88 $1,041.85 $0.00 $1,659.79 $296,253.52
171 $296,253.52 $1,041.85 $0.00 $1,675.06 $298,970.43
172 $298,970.43 $1,041.85 $0.00 $1,690.42 $301,702.70
173 $301,702.70 $1,041.85 $0.00 $1,705.87 $304,450.42
174 $304,450.42 $1,041.85 $0.00 $1,721.41 $307,213.68
175 $307,213.68 $1,041.85 $0.00 $1,737.03 $309,992.56
176 $309,992.56 $1,041.85 $0.00 $1,752.74 $312,787.15
177 $312,787.15 $1,041.85 $0.00 $1,768.54 $315,597.54
178 $315,597.54 $1,041.85 $0.00 $1,784.43 $318,423.82
179 $318,423.82 $1,041.85 $0.00 $1,800.41 $321,266.08
180 $321,266.08 $1,041.85 $0.00 $1,816.49 $324,124.42
181 $324,124.42 $1,041.85 $0.00 $1,832.65 $326,998.92
182 $326,998.92 $1,041.85 $0.00 $1,848.90 $329,889.67
183 $329,889.67 $1,041.85 $0.00 $1,865.24 $332,796.76
184 $332,796.76 $1,041.85 $0.00 $1,881.68 $335,720.29
185 $335,720.29 $1,041.85 $0.00 $1,898.21 $338,660.35
186 $338,660.35 $1,041.85 $0.00 $1,914.83 $341,617.03
187 $341,617.03 $1,041.85 $0.00 $1,931.55 $344,590.43
188 $344,590.43 $1,041.85 $0.00 $1,948.36 $347,580.64
189 $347,580.64 $1,041.85 $0.00 $1,965.27 $350,587.76
190 $350,587.76 $1,041.85 $0.00 $1,982.27 $353,611.88
191 $353,611.88 $1,041.85 $0.00 $1,999.37 $356,653.10
192 $356,653.10 $1,041.85 $0.00 $2,016.57 $359,711.52
193 $359,711.52 $1,041.85 $0.00 $2,033.86 $362,787.23
194 $362,787.23 $1,041.85 $0.00 $2,051.25 $365,880.33
195 $365,880.33 $1,041.85 $0.00 $2,068.74 $368,990.92
196 $368,990.92 $1,041.85 $0.00 $2,086.33 $372,119.10
197 $372,119.10 $1,041.85 $0.00 $2,104.02 $375,264.97
198 $375,264.97 $1,041.85 $0.00 $2,121.80 $378,428.62
199 $378,428.62 $1,041.85 $0.00 $2,139.69 $381,610.16
200 $381,610.16 $1,041.85 $0.00 $2,157.68 $384,809.69
201 $384,809.69 $1,041.85 $0.00 $2,175.77 $388,027.31
202 $388,027.31 $1,041.85 $0.00 $2,193.96 $391,263.12
203 $391,263.12 $1,041.85 $0.00 $2,212.26 $394,517.23
204 $394,517.23 $1,041.85 $0.00 $2,230.66 $397,789.74
205 $397,789.74 $1,041.85 $0.00 $2,249.16 $401,080.75
206 $401,080.75 $1,041.85 $0.00 $2,267.77 $404,390.37
207 $404,390.37 $1,041.85 $0.00 $2,286.48 $407,718.70
208 $407,718.70 $1,041.85 $0.00 $2,305.30 $411,065.85
209 $411,065.85 $1,041.85 $0.00 $2,324.23 $414,431.93
210 $414,431.93 $1,041.85 $0.00 $2,343.26 $417,817.04
211 $417,817.04 $1,041.85 $0.00 $2,362.40 $421,221.29
212 $421,221.29 $1,041.85 $0.00 $2,381.65 $424,644.79
213 $424,644.79 $1,041.85 $0.00 $2,401.00 $428,087.64
214 $428,087.64 $1,041.85 $0.00 $2,420.47 $431,549.96
215 $431,549.96 $1,041.85 $0.00 $2,440.05 $435,031.86
216 $435,031.86 $1,041.85 $0.00 $2,459.73 $438,533.44
217 $438,533.44 $1,041.85 $118,764.06 $2,479.53 $323,290.76
218 $323,290.76 $1,041.85 $0.00 $1,827.93 $326,160.54
219 $326,160.54 $1,041.85 $0.00 $1,844.16 $329,046.55
220 $329,046.55 $1,041.85 $0.00 $1,860.48 $331,948.88
221 $331,948.88 $1,041.85 $0.00 $1,876.89 $334,867.62
222 $334,867.62 $1,041.85 $0.00 $1,893.39 $337,802.86
223 $337,802.86 $1,041.85 $0.00 $1,909.99 $340,754.70
224 $340,754.70 $1,041.85 $0.00 $1,926.68 $343,723.23
225 $343,723.23 $1,041.85 $0.00 $1,943.46 $346,708.54
226 $346,708.54 $1,041.85 $0.00 $1,960.34 $349,710.73
227 $349,710.73 $1,041.85 $0.00 $1,977.32 $352,729.90
228 $352,729.90 $1,041.85 $0.00 $1,994.39 $355,766.14
229 $355,766.14 $1,041.85 $127,077.54 $2,011.55 $231,742.00
230 $231,742.00 $1,041.85 $0.00 $1,310.30 $234,094.15
231 $234,094.15 $1,041.85 $0.00 $1,323.60 $236,459.60
232 $236,459.60 $1,041.85 $0.00 $1,336.98 $238,838.43
233 $238,838.43 $1,041.85 $0.00 $1,350.43 $241,230.71
234 $241,230.71 $1,041.85 $0.00 $1,363.95 $243,636.51
235 $243,636.51 $1,041.85 $0.00 $1,377.56 $246,055.92
236 $246,055.92 $1,041.85 $0.00 $1,391.24 $248,489.01
237 $248,489.01 $1,041.85 $0.00 $1,404.99 $250,935.85
238 $250,935.85 $1,041.85 $0.00 $1,418.83 $253,396.53
239 $253,396.53 $1,041.85 $0.00 $1,432.74 $255,871.12
240 $255,871.12 $1,041.85 $0.00 $1,446.73 $258,359.70
241 $258,359.70 $1,041.85 $135,972.97 $1,460.80 $124,889.38
242 $124,889.38 $1,041.85 $0.00 $706.14 $126,637.37
243 $126,637.37 $1,041.85 $0.00 $716.03 $128,395.25
244 $128,395.25 $1,041.85 $0.00 $725.97 $130,163.07
245 $130,163.07 $1,041.85 $0.00 $735.96 $131,940.88
246 $131,940.88 $1,041.85 $0.00 $746.01 $133,728.74
247 $133,728.74 $1,041.85 $0.00 $756.12 $135,526.71
248 $135,526.71 $1,041.85 $0.00 $766.29 $137,334.85
249 $137,334.85 $1,041.85 $0.00 $776.51 $139,153.21
250 $139,153.21 $1,041.85 $0.00 $786.79 $140,981.85
251 $140,981.85 $1,041.85 $0.00 $797.13 $142,820.83
252 $142,820.83 $1,041.85 $0.00 $807.53 $144,670.21
253 $144,670.21 $0.00 $145,491.08 $817.99 -$2.88