Savings Plan and Future Cost Estimation for Reed College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$312,552
Monthly savings required$2,470

How much will it cost to send your child to Reed College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $1,250,208.73 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $2,470.16 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$83,310.00
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 $2,470.16 $0.00 $0.00 $2,470.16
2 $2,470.16 $2,470.16 $0.00 $13.97 $4,954.29
3 $4,954.29 $2,470.16 $0.00 $28.01 $7,452.46
4 $7,452.46 $2,470.16 $0.00 $42.14 $9,964.76
5 $9,964.76 $2,470.16 $0.00 $56.34 $12,491.26
6 $12,491.26 $2,470.16 $0.00 $70.63 $15,032.05
7 $15,032.05 $2,470.16 $0.00 $84.99 $17,587.20
8 $17,587.20 $2,470.16 $0.00 $99.44 $20,156.80
9 $20,156.80 $2,470.16 $0.00 $113.97 $22,740.93
10 $22,740.93 $2,470.16 $0.00 $128.58 $25,339.67
11 $25,339.67 $2,470.16 $0.00 $143.27 $27,953.10
12 $27,953.10 $2,470.16 $0.00 $158.05 $30,581.31
13 $30,581.31 $2,470.16 $0.00 $172.91 $33,224.38
14 $33,224.38 $2,470.16 $0.00 $187.86 $35,882.40
15 $35,882.40 $2,470.16 $0.00 $202.88 $38,555.44
16 $38,555.44 $2,470.16 $0.00 $218.00 $41,243.60
17 $41,243.60 $2,470.16 $0.00 $233.20 $43,946.96
18 $43,946.96 $2,470.16 $0.00 $248.48 $46,665.60
19 $46,665.60 $2,470.16 $0.00 $263.85 $49,399.61
20 $49,399.61 $2,470.16 $0.00 $279.31 $52,149.08
21 $52,149.08 $2,470.16 $0.00 $294.86 $54,914.10
22 $54,914.10 $2,470.16 $0.00 $310.49 $57,694.75
23 $57,694.75 $2,470.16 $0.00 $326.21 $60,491.12
24 $60,491.12 $2,470.16 $0.00 $342.03 $63,303.31
25 $63,303.31 $2,470.16 $0.00 $357.93 $66,131.40
26 $66,131.40 $2,470.16 $0.00 $373.92 $68,975.48
27 $68,975.48 $2,470.16 $0.00 $390.00 $71,835.64
28 $71,835.64 $2,470.16 $0.00 $406.17 $74,711.97
29 $74,711.97 $2,470.16 $0.00 $422.43 $77,604.56
30 $77,604.56 $2,470.16 $0.00 $438.79 $80,513.51
31 $80,513.51 $2,470.16 $0.00 $455.24 $83,438.91
32 $83,438.91 $2,470.16 $0.00 $471.78 $86,380.85
33 $86,380.85 $2,470.16 $0.00 $488.41 $89,339.42
34 $89,339.42 $2,470.16 $0.00 $505.14 $92,314.72
35 $92,314.72 $2,470.16 $0.00 $521.96 $95,306.84
36 $95,306.84 $2,470.16 $0.00 $538.88 $98,315.88
37 $98,315.88 $2,470.16 $0.00 $555.89 $101,341.93
38 $101,341.93 $2,470.16 $0.00 $573.00 $104,385.09
39 $104,385.09 $2,470.16 $0.00 $590.21 $107,445.46
40 $107,445.46 $2,470.16 $0.00 $607.51 $110,523.13
41 $110,523.13 $2,470.16 $0.00 $624.91 $113,618.20
42 $113,618.20 $2,470.16 $0.00 $642.41 $116,730.77
43 $116,730.77 $2,470.16 $0.00 $660.01 $119,860.94
44 $119,860.94 $2,470.16 $0.00 $677.71 $123,008.81
45 $123,008.81 $2,470.16 $0.00 $695.51 $126,174.48
46 $126,174.48 $2,470.16 $0.00 $713.41 $129,358.05
47 $129,358.05 $2,470.16 $0.00 $731.41 $132,559.62
48 $132,559.62 $2,470.16 $0.00 $749.51 $135,779.29
49 $135,779.29 $2,470.16 $0.00 $767.72 $139,017.17
50 $139,017.17 $2,470.16 $0.00 $786.02 $142,273.35
51 $142,273.35 $2,470.16 $0.00 $804.43 $145,547.94
52 $145,547.94 $2,470.16 $0.00 $822.95 $148,841.05
53 $148,841.05 $2,470.16 $0.00 $841.57 $152,152.78
54 $152,152.78 $2,470.16 $0.00 $860.29 $155,483.23
55 $155,483.23 $2,470.16 $0.00 $879.12 $158,832.51
56 $158,832.51 $2,470.16 $0.00 $898.06 $162,200.73
57 $162,200.73 $2,470.16 $0.00 $917.11 $165,588.00
58 $165,588.00 $2,470.16 $0.00 $936.26 $168,994.42
59 $168,994.42 $2,470.16 $0.00 $955.52 $172,420.10
60 $172,420.10 $2,470.16 $0.00 $974.89 $175,865.15
61 $175,865.15 $2,470.16 $0.00 $994.37 $179,329.68
62 $179,329.68 $2,470.16 $0.00 $1,013.96 $182,813.80
63 $182,813.80 $2,470.16 $0.00 $1,033.66 $186,317.62
64 $186,317.62 $2,470.16 $0.00 $1,053.47 $189,841.25
65 $189,841.25 $2,470.16 $0.00 $1,073.39 $193,384.80
66 $193,384.80 $2,470.16 $0.00 $1,093.43 $196,948.39
67 $196,948.39 $2,470.16 $0.00 $1,113.57 $200,532.12
68 $200,532.12 $2,470.16 $0.00 $1,133.84 $204,136.12
69 $204,136.12 $2,470.16 $0.00 $1,154.22 $207,760.50
70 $207,760.50 $2,470.16 $0.00 $1,174.71 $211,405.37
71 $211,405.37 $2,470.16 $0.00 $1,195.32 $215,070.85
72 $215,070.85 $2,470.16 $0.00 $1,216.04 $218,757.05
73 $218,757.05 $2,470.16 $0.00 $1,236.88 $222,464.09
74 $222,464.09 $2,470.16 $0.00 $1,257.84 $226,192.09
75 $226,192.09 $2,470.16 $0.00 $1,278.92 $229,941.17
76 $229,941.17 $2,470.16 $0.00 $1,300.12 $233,711.45
77 $233,711.45 $2,470.16 $0.00 $1,321.44 $237,503.05
78 $237,503.05 $2,470.16 $0.00 $1,342.88 $241,316.09
79 $241,316.09 $2,470.16 $0.00 $1,364.44 $245,150.69
80 $245,150.69 $2,470.16 $0.00 $1,386.12 $249,006.97
81 $249,006.97 $2,470.16 $0.00 $1,407.92 $252,885.05
82 $252,885.05 $2,470.16 $0.00 $1,429.85 $256,785.06
83 $256,785.06 $2,470.16 $0.00 $1,451.90 $260,707.12
84 $260,707.12 $2,470.16 $0.00 $1,474.08 $264,651.36
85 $264,651.36 $2,470.16 $0.00 $1,496.38 $268,617.90
86 $268,617.90 $2,470.16 $0.00 $1,518.80 $272,606.86
87 $272,606.86 $2,470.16 $0.00 $1,541.36 $276,618.38
88 $276,618.38 $2,470.16 $0.00 $1,564.04 $280,652.58
89 $280,652.58 $2,470.16 $0.00 $1,586.85 $284,709.59
90 $284,709.59 $2,470.16 $0.00 $1,609.79 $288,789.54
91 $288,789.54 $2,470.16 $0.00 $1,632.86 $292,892.56
92 $292,892.56 $2,470.16 $0.00 $1,656.06 $297,018.78
93 $297,018.78 $2,470.16 $0.00 $1,679.39 $301,168.33
94 $301,168.33 $2,470.16 $0.00 $1,702.85 $305,341.34
95 $305,341.34 $2,470.16 $0.00 $1,726.44 $309,537.94
96 $309,537.94 $2,470.16 $0.00 $1,750.17 $313,758.27
97 $313,758.27 $2,470.16 $0.00 $1,774.03 $318,002.46
98 $318,002.46 $2,470.16 $0.00 $1,798.03 $322,270.65
99 $322,270.65 $2,470.16 $0.00 $1,822.17 $326,562.98
100 $326,562.98 $2,470.16 $0.00 $1,846.43 $330,879.57
101 $330,879.57 $2,470.16 $0.00 $1,870.84 $335,220.57
102 $335,220.57 $2,470.16 $0.00 $1,895.39 $339,586.12
103 $339,586.12 $2,470.16 $0.00 $1,920.07 $343,976.35
104 $343,976.35 $2,470.16 $0.00 $1,944.89 $348,391.40
105 $348,391.40 $2,470.16 $0.00 $1,969.86 $352,831.42
106 $352,831.42 $2,470.16 $0.00 $1,994.96 $357,296.54
107 $357,296.54 $2,470.16 $0.00 $2,020.21 $361,786.91
108 $361,786.91 $2,470.16 $0.00 $2,045.60 $366,302.67
109 $366,302.67 $2,470.16 $0.00 $2,071.13 $370,843.96
110 $370,843.96 $2,470.16 $0.00 $2,096.81 $375,410.93
111 $375,410.93 $2,470.16 $0.00 $2,122.63 $380,003.72
112 $380,003.72 $2,470.16 $0.00 $2,148.60 $384,622.48
113 $384,622.48 $2,470.16 $0.00 $2,174.71 $389,267.35
114 $389,267.35 $2,470.16 $0.00 $2,200.97 $393,938.48
115 $393,938.48 $2,470.16 $0.00 $2,227.39 $398,636.03
116 $398,636.03 $2,470.16 $0.00 $2,253.95 $403,360.14
117 $403,360.14 $2,470.16 $0.00 $2,280.66 $408,110.96
118 $408,110.96 $2,470.16 $0.00 $2,307.52 $412,888.64
119 $412,888.64 $2,470.16 $0.00 $2,334.53 $417,693.33
120 $417,693.33 $2,470.16 $0.00 $2,361.70 $422,525.19
121 $422,525.19 $2,470.16 $0.00 $2,389.02 $427,384.37
122 $427,384.37 $2,470.16 $0.00 $2,416.49 $432,271.02
123 $432,271.02 $2,470.16 $0.00 $2,444.12 $437,185.30
124 $437,185.30 $2,470.16 $0.00 $2,471.91 $442,127.37
125 $442,127.37 $2,470.16 $0.00 $2,499.85 $447,097.38
126 $447,097.38 $2,470.16 $0.00 $2,527.95 $452,095.49
127 $452,095.49 $2,470.16 $0.00 $2,556.21 $457,121.86
128 $457,121.86 $2,470.16 $0.00 $2,584.63 $462,176.65
129 $462,176.65 $2,470.16 $0.00 $2,613.21 $467,260.02
130 $467,260.02 $2,470.16 $0.00 $2,641.96 $472,372.14
131 $472,372.14 $2,470.16 $0.00 $2,670.86 $477,513.16
132 $477,513.16 $2,470.16 $0.00 $2,699.93 $482,683.25
133 $482,683.25 $2,470.16 $0.00 $2,729.16 $487,882.57
134 $487,882.57 $2,470.16 $0.00 $2,758.56 $493,111.29
135 $493,111.29 $2,470.16 $0.00 $2,788.12 $498,369.57
136 $498,369.57 $2,470.16 $0.00 $2,817.85 $503,657.58
137 $503,657.58 $2,470.16 $0.00 $2,847.75 $508,975.49
138 $508,975.49 $2,470.16 $0.00 $2,877.82 $514,323.47
139 $514,323.47 $2,470.16 $0.00 $2,908.06 $519,701.69
140 $519,701.69 $2,470.16 $0.00 $2,938.47 $525,110.32
141 $525,110.32 $2,470.16 $0.00 $2,969.05 $530,549.53
142 $530,549.53 $2,470.16 $0.00 $2,999.80 $536,019.49
143 $536,019.49 $2,470.16 $0.00 $3,030.73 $541,520.38
144 $541,520.38 $2,470.16 $0.00 $3,061.83 $547,052.37
145 $547,052.37 $2,470.16 $0.00 $3,093.11 $552,615.64
146 $552,615.64 $2,470.16 $0.00 $3,124.57 $558,210.37
147 $558,210.37 $2,470.16 $0.00 $3,156.20 $563,836.73
148 $563,836.73 $2,470.16 $0.00 $3,188.01 $569,494.90
149 $569,494.90 $2,470.16 $0.00 $3,220.01 $575,185.07
150 $575,185.07 $2,470.16 $0.00 $3,252.18 $580,907.41
151 $580,907.41 $2,470.16 $0.00 $3,284.53 $586,662.10
152 $586,662.10 $2,470.16 $0.00 $3,317.07 $592,449.33
153 $592,449.33 $2,470.16 $0.00 $3,349.79 $598,269.28
154 $598,269.28 $2,470.16 $0.00 $3,382.70 $604,122.14
155 $604,122.14 $2,470.16 $0.00 $3,415.79 $610,008.09
156 $610,008.09 $2,470.16 $0.00 $3,449.07 $615,927.32
157 $615,927.32 $2,470.16 $0.00 $3,482.54 $621,880.02
158 $621,880.02 $2,470.16 $0.00 $3,516.20 $627,866.38
159 $627,866.38 $2,470.16 $0.00 $3,550.05 $633,886.59
160 $633,886.59 $2,470.16 $0.00 $3,584.09 $639,940.84
161 $639,940.84 $2,470.16 $0.00 $3,618.32 $646,029.32
162 $646,029.32 $2,470.16 $0.00 $3,652.74 $652,152.22
163 $652,152.22 $2,470.16 $0.00 $3,687.36 $658,309.74
164 $658,309.74 $2,470.16 $0.00 $3,722.18 $664,502.08
165 $664,502.08 $2,470.16 $0.00 $3,757.19 $670,729.43
166 $670,729.43 $2,470.16 $0.00 $3,792.40 $676,991.99
167 $676,991.99 $2,470.16 $0.00 $3,827.81 $683,289.96
168 $683,289.96 $2,470.16 $0.00 $3,863.42 $689,623.54
169 $689,623.54 $2,470.16 $0.00 $3,899.23 $695,992.93
170 $695,992.93 $2,470.16 $0.00 $3,935.25 $702,398.34
171 $702,398.34 $2,470.16 $0.00 $3,971.46 $708,839.96
172 $708,839.96 $2,470.16 $0.00 $4,007.88 $715,318.00
173 $715,318.00 $2,470.16 $0.00 $4,044.51 $721,832.67
174 $721,832.67 $2,470.16 $0.00 $4,081.35 $728,384.18
175 $728,384.18 $2,470.16 $0.00 $4,118.39 $734,972.73
176 $734,972.73 $2,470.16 $0.00 $4,155.64 $741,598.53
177 $741,598.53 $2,470.16 $0.00 $4,193.11 $748,261.80
178 $748,261.80 $2,470.16 $0.00 $4,230.78 $754,962.74
179 $754,962.74 $2,470.16 $0.00 $4,268.67 $761,701.57
180 $761,701.57 $2,470.16 $0.00 $4,306.77 $768,478.50
181 $768,478.50 $2,470.16 $0.00 $4,345.09 $775,293.75
182 $775,293.75 $2,470.16 $0.00 $4,383.62 $782,147.53
183 $782,147.53 $2,470.16 $0.00 $4,422.38 $789,040.07
184 $789,040.07 $2,470.16 $0.00 $4,461.35 $795,971.58
185 $795,971.58 $2,470.16 $0.00 $4,500.54 $802,942.28
186 $802,942.28 $2,470.16 $0.00 $4,539.95 $809,952.39
187 $809,952.39 $2,470.16 $0.00 $4,579.59 $817,002.14
188 $817,002.14 $2,470.16 $0.00 $4,619.45 $824,091.75
189 $824,091.75 $2,470.16 $0.00 $4,659.53 $831,221.44
190 $831,221.44 $2,470.16 $0.00 $4,699.85 $838,391.45
191 $838,391.45 $2,470.16 $0.00 $4,740.39 $845,602.00
192 $845,602.00 $2,470.16 $0.00 $4,781.16 $852,853.32
193 $852,853.32 $2,470.16 $0.00 $4,822.16 $860,145.64
194 $860,145.64 $2,470.16 $0.00 $4,863.39 $867,479.19
195 $867,479.19 $2,470.16 $0.00 $4,904.85 $874,854.20
196 $874,854.20 $2,470.16 $0.00 $4,946.55 $882,270.91
197 $882,270.91 $2,470.16 $0.00 $4,988.49 $889,729.56
198 $889,729.56 $2,470.16 $0.00 $5,030.66 $897,230.38
199 $897,230.38 $2,470.16 $0.00 $5,073.07 $904,773.61
200 $904,773.61 $2,470.16 $0.00 $5,115.72 $912,359.49
201 $912,359.49 $2,470.16 $0.00 $5,158.61 $919,988.26
202 $919,988.26 $2,470.16 $0.00 $5,201.75 $927,660.17
203 $927,660.17 $2,470.16 $0.00 $5,245.13 $935,375.46
204 $935,375.46 $2,470.16 $0.00 $5,288.75 $943,134.37
205 $943,134.37 $2,470.16 $0.00 $5,332.62 $950,937.15
206 $950,937.15 $2,470.16 $0.00 $5,376.74 $958,784.05
207 $958,784.05 $2,470.16 $0.00 $5,421.10 $966,675.31
208 $966,675.31 $2,470.16 $0.00 $5,465.72 $974,611.19
209 $974,611.19 $2,470.16 $0.00 $5,510.59 $982,591.94
210 $982,591.94 $2,470.16 $0.00 $5,555.72 $990,617.82
211 $990,617.82 $2,470.16 $0.00 $5,601.10 $998,689.08
212 $998,689.08 $2,470.16 $0.00 $5,646.73 $1,006,805.97
213 $1,006,805.97 $2,470.16 $0.00 $5,692.63 $1,014,968.76
214 $1,014,968.76 $2,470.16 $0.00 $5,738.78 $1,023,177.70
215 $1,023,177.70 $2,470.16 $0.00 $5,785.20 $1,031,433.06
216 $1,031,433.06 $2,470.16 $0.00 $5,831.87 $1,039,735.09
217 $1,039,735.09 $2,470.16 $281,582.16 $5,878.81 $766,501.90
218 $766,501.90 $2,470.16 $0.00 $4,333.91 $773,305.97
219 $773,305.97 $2,470.16 $0.00 $4,372.38 $780,148.51
220 $780,148.51 $2,470.16 $0.00 $4,411.07 $787,029.74
221 $787,029.74 $2,470.16 $0.00 $4,449.98 $793,949.88
222 $793,949.88 $2,470.16 $0.00 $4,489.11 $800,909.15
223 $800,909.15 $2,470.16 $0.00 $4,528.46 $807,907.77
224 $807,907.77 $2,470.16 $0.00 $4,568.03 $814,945.96
225 $814,945.96 $2,470.16 $0.00 $4,607.82 $822,023.94
226 $822,023.94 $2,470.16 $0.00 $4,647.84 $829,141.94
227 $829,141.94 $2,470.16 $0.00 $4,688.09 $836,300.19
228 $836,300.19 $2,470.16 $0.00 $4,728.56 $843,498.91
229 $843,498.91 $2,470.16 $301,292.91 $4,769.27 $549,445.43
230 $549,445.43 $2,470.16 $0.00 $3,106.64 $555,022.23
231 $555,022.23 $2,470.16 $0.00 $3,138.18 $560,630.57
232 $560,630.57 $2,470.16 $0.00 $3,169.89 $566,270.62
233 $566,270.62 $2,470.16 $0.00 $3,201.78 $571,942.56
234 $571,942.56 $2,470.16 $0.00 $3,233.85 $577,646.57
235 $577,646.57 $2,470.16 $0.00 $3,266.10 $583,382.83
236 $583,382.83 $2,470.16 $0.00 $3,298.53 $589,151.52
237 $589,151.52 $2,470.16 $0.00 $3,331.15 $594,952.83
238 $594,952.83 $2,470.16 $0.00 $3,363.95 $600,786.94
239 $600,786.94 $2,470.16 $0.00 $3,396.94 $606,654.04
240 $606,654.04 $2,470.16 $0.00 $3,430.11 $612,554.31
241 $612,554.31 $2,470.16 $322,383.41 $3,463.47 $296,104.53
242 $296,104.53 $2,470.16 $0.00 $1,674.22 $300,248.91
243 $300,248.91 $2,470.16 $0.00 $1,697.65 $304,416.72
244 $304,416.72 $2,470.16 $0.00 $1,721.22 $308,608.10
245 $308,608.10 $2,470.16 $0.00 $1,744.92 $312,823.18
246 $312,823.18 $2,470.16 $0.00 $1,768.75 $317,062.09
247 $317,062.09 $2,470.16 $0.00 $1,792.72 $321,324.97
248 $321,324.97 $2,470.16 $0.00 $1,816.82 $325,611.95
249 $325,611.95 $2,470.16 $0.00 $1,841.06 $329,923.17
250 $329,923.17 $2,470.16 $0.00 $1,865.43 $334,258.76
251 $334,258.76 $2,470.16 $0.00 $1,889.95 $338,618.87
252 $338,618.87 $2,470.16 $0.00 $1,914.60 $343,003.63
253 $343,003.63 $0.00 $344,950.25 $1,939.39 -$7.23