Savings Plan and Future Cost Estimation for Columbia College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$145,310
Monthly savings required$1,148

How much will it cost to send your child to Columbia College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $581,239.76 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,148.42 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$38,732.00
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 $1,148.42 $0.00 $0.00 $1,148.42
2 $1,148.42 $1,148.42 $0.00 $6.49 $2,303.33
3 $2,303.33 $1,148.42 $0.00 $13.02 $3,464.77
4 $3,464.77 $1,148.42 $0.00 $19.59 $4,632.78
5 $4,632.78 $1,148.42 $0.00 $26.19 $5,807.39
6 $5,807.39 $1,148.42 $0.00 $32.84 $6,988.65
7 $6,988.65 $1,148.42 $0.00 $39.51 $8,176.58
8 $8,176.58 $1,148.42 $0.00 $46.23 $9,371.23
9 $9,371.23 $1,148.42 $0.00 $52.99 $10,572.64
10 $10,572.64 $1,148.42 $0.00 $59.78 $11,780.84
11 $11,780.84 $1,148.42 $0.00 $66.61 $12,995.87
12 $12,995.87 $1,148.42 $0.00 $73.48 $14,217.77
13 $14,217.77 $1,148.42 $0.00 $80.39 $15,446.58
14 $15,446.58 $1,148.42 $0.00 $87.34 $16,682.34
15 $16,682.34 $1,148.42 $0.00 $94.32 $17,925.08
16 $17,925.08 $1,148.42 $0.00 $101.35 $19,174.85
17 $19,174.85 $1,148.42 $0.00 $108.42 $20,431.69
18 $20,431.69 $1,148.42 $0.00 $115.52 $21,695.63
19 $21,695.63 $1,148.42 $0.00 $122.67 $22,966.72
20 $22,966.72 $1,148.42 $0.00 $129.86 $24,245.00
21 $24,245.00 $1,148.42 $0.00 $137.08 $25,530.50
22 $25,530.50 $1,148.42 $0.00 $144.35 $26,823.27
23 $26,823.27 $1,148.42 $0.00 $151.66 $28,123.35
24 $28,123.35 $1,148.42 $0.00 $159.01 $29,430.78
25 $29,430.78 $1,148.42 $0.00 $166.41 $30,745.61
26 $30,745.61 $1,148.42 $0.00 $173.84 $32,067.87
27 $32,067.87 $1,148.42 $0.00 $181.32 $33,397.61
28 $33,397.61 $1,148.42 $0.00 $188.83 $34,734.86
29 $34,734.86 $1,148.42 $0.00 $196.40 $36,079.68
30 $36,079.68 $1,148.42 $0.00 $204.00 $37,432.10
31 $37,432.10 $1,148.42 $0.00 $211.65 $38,792.17
32 $38,792.17 $1,148.42 $0.00 $219.34 $40,159.93
33 $40,159.93 $1,148.42 $0.00 $227.07 $41,535.42
34 $41,535.42 $1,148.42 $0.00 $234.85 $42,918.69
35 $42,918.69 $1,148.42 $0.00 $242.67 $44,309.78
36 $44,309.78 $1,148.42 $0.00 $250.53 $45,708.73
37 $45,708.73 $1,148.42 $0.00 $258.44 $47,115.59
38 $47,115.59 $1,148.42 $0.00 $266.40 $48,530.41
39 $48,530.41 $1,148.42 $0.00 $274.40 $49,953.23
40 $49,953.23 $1,148.42 $0.00 $282.44 $51,384.09
41 $51,384.09 $1,148.42 $0.00 $290.53 $52,823.04
42 $52,823.04 $1,148.42 $0.00 $298.67 $54,270.13
43 $54,270.13 $1,148.42 $0.00 $306.85 $55,725.40
44 $55,725.40 $1,148.42 $0.00 $315.08 $57,188.90
45 $57,188.90 $1,148.42 $0.00 $323.35 $58,660.67
46 $58,660.67 $1,148.42 $0.00 $331.68 $60,140.77
47 $60,140.77 $1,148.42 $0.00 $340.04 $61,629.23
48 $61,629.23 $1,148.42 $0.00 $348.46 $63,126.11
49 $63,126.11 $1,148.42 $0.00 $356.92 $64,631.45
50 $64,631.45 $1,148.42 $0.00 $365.44 $66,145.31
51 $66,145.31 $1,148.42 $0.00 $374.00 $67,667.73
52 $67,667.73 $1,148.42 $0.00 $382.60 $69,198.75
53 $69,198.75 $1,148.42 $0.00 $391.26 $70,738.43
54 $70,738.43 $1,148.42 $0.00 $399.97 $72,286.82
55 $72,286.82 $1,148.42 $0.00 $408.72 $73,843.96
56 $73,843.96 $1,148.42 $0.00 $417.52 $75,409.90
57 $75,409.90 $1,148.42 $0.00 $426.38 $76,984.70
58 $76,984.70 $1,148.42 $0.00 $435.28 $78,568.40
59 $78,568.40 $1,148.42 $0.00 $444.24 $80,161.06
60 $80,161.06 $1,148.42 $0.00 $453.24 $81,762.72
61 $81,762.72 $1,148.42 $0.00 $462.30 $83,373.44
62 $83,373.44 $1,148.42 $0.00 $471.41 $84,993.27
63 $84,993.27 $1,148.42 $0.00 $480.56 $86,622.25
64 $86,622.25 $1,148.42 $0.00 $489.77 $88,260.44
65 $88,260.44 $1,148.42 $0.00 $499.04 $89,907.90
66 $89,907.90 $1,148.42 $0.00 $508.35 $91,564.67
67 $91,564.67 $1,148.42 $0.00 $517.72 $93,230.81
68 $93,230.81 $1,148.42 $0.00 $527.14 $94,906.37
69 $94,906.37 $1,148.42 $0.00 $536.61 $96,591.40
70 $96,591.40 $1,148.42 $0.00 $546.14 $98,285.96
71 $98,285.96 $1,148.42 $0.00 $555.72 $99,990.10
72 $99,990.10 $1,148.42 $0.00 $565.36 $101,703.88
73 $101,703.88 $1,148.42 $0.00 $575.05 $103,427.35
74 $103,427.35 $1,148.42 $0.00 $584.79 $105,160.56
75 $105,160.56 $1,148.42 $0.00 $594.59 $106,903.57
76 $106,903.57 $1,148.42 $0.00 $604.45 $108,656.44
77 $108,656.44 $1,148.42 $0.00 $614.36 $110,419.22
78 $110,419.22 $1,148.42 $0.00 $624.33 $112,191.97
79 $112,191.97 $1,148.42 $0.00 $634.35 $113,974.74
80 $113,974.74 $1,148.42 $0.00 $644.43 $115,767.59
81 $115,767.59 $1,148.42 $0.00 $654.57 $117,570.58
82 $117,570.58 $1,148.42 $0.00 $664.76 $119,383.76
83 $119,383.76 $1,148.42 $0.00 $675.01 $121,207.19
84 $121,207.19 $1,148.42 $0.00 $685.32 $123,040.93
85 $123,040.93 $1,148.42 $0.00 $695.69 $124,885.04
86 $124,885.04 $1,148.42 $0.00 $706.12 $126,739.58
87 $126,739.58 $1,148.42 $0.00 $716.60 $128,604.60
88 $128,604.60 $1,148.42 $0.00 $727.15 $130,480.17
89 $130,480.17 $1,148.42 $0.00 $737.75 $132,366.34
90 $132,366.34 $1,148.42 $0.00 $748.42 $134,263.18
91 $134,263.18 $1,148.42 $0.00 $759.14 $136,170.74
92 $136,170.74 $1,148.42 $0.00 $769.93 $138,089.09
93 $138,089.09 $1,148.42 $0.00 $780.78 $140,018.29
94 $140,018.29 $1,148.42 $0.00 $791.68 $141,958.39
95 $141,958.39 $1,148.42 $0.00 $802.65 $143,909.46
96 $143,909.46 $1,148.42 $0.00 $813.69 $145,871.57
97 $145,871.57 $1,148.42 $0.00 $824.78 $147,844.77
98 $147,844.77 $1,148.42 $0.00 $835.94 $149,829.13
99 $149,829.13 $1,148.42 $0.00 $847.16 $151,824.71
100 $151,824.71 $1,148.42 $0.00 $858.44 $153,831.57
101 $153,831.57 $1,148.42 $0.00 $869.79 $155,849.78
102 $155,849.78 $1,148.42 $0.00 $881.20 $157,879.40
103 $157,879.40 $1,148.42 $0.00 $892.67 $159,920.49
104 $159,920.49 $1,148.42 $0.00 $904.21 $161,973.12
105 $161,973.12 $1,148.42 $0.00 $915.82 $164,037.36
106 $164,037.36 $1,148.42 $0.00 $927.49 $166,113.27
107 $166,113.27 $1,148.42 $0.00 $939.23 $168,200.92
108 $168,200.92 $1,148.42 $0.00 $951.03 $170,300.37
109 $170,300.37 $1,148.42 $0.00 $962.90 $172,411.69
110 $172,411.69 $1,148.42 $0.00 $974.84 $174,534.95
111 $174,534.95 $1,148.42 $0.00 $986.85 $176,670.22
112 $176,670.22 $1,148.42 $0.00 $998.92 $178,817.56
113 $178,817.56 $1,148.42 $0.00 $1,011.06 $180,977.04
114 $180,977.04 $1,148.42 $0.00 $1,023.27 $183,148.73
115 $183,148.73 $1,148.42 $0.00 $1,035.55 $185,332.70
116 $185,332.70 $1,148.42 $0.00 $1,047.90 $187,529.02
117 $187,529.02 $1,148.42 $0.00 $1,060.32 $189,737.76
118 $189,737.76 $1,148.42 $0.00 $1,072.80 $191,958.98
119 $191,958.98 $1,148.42 $0.00 $1,085.36 $194,192.76
120 $194,192.76 $1,148.42 $0.00 $1,097.99 $196,439.17
121 $196,439.17 $1,148.42 $0.00 $1,110.70 $198,698.29
122 $198,698.29 $1,148.42 $0.00 $1,123.47 $200,970.18
123 $200,970.18 $1,148.42 $0.00 $1,136.31 $203,254.91
124 $203,254.91 $1,148.42 $0.00 $1,149.23 $205,552.56
125 $205,552.56 $1,148.42 $0.00 $1,162.22 $207,863.20
126 $207,863.20 $1,148.42 $0.00 $1,175.29 $210,186.91
127 $210,186.91 $1,148.42 $0.00 $1,188.43 $212,523.76
128 $212,523.76 $1,148.42 $0.00 $1,201.64 $214,873.82
129 $214,873.82 $1,148.42 $0.00 $1,214.93 $217,237.17
130 $217,237.17 $1,148.42 $0.00 $1,228.29 $219,613.88
131 $219,613.88 $1,148.42 $0.00 $1,241.73 $222,004.03
132 $222,004.03 $1,148.42 $0.00 $1,255.24 $224,407.69
133 $224,407.69 $1,148.42 $0.00 $1,268.83 $226,824.94
134 $226,824.94 $1,148.42 $0.00 $1,282.50 $229,255.86
135 $229,255.86 $1,148.42 $0.00 $1,296.25 $231,700.53
136 $231,700.53 $1,148.42 $0.00 $1,310.07 $234,159.02
137 $234,159.02 $1,148.42 $0.00 $1,323.97 $236,631.41
138 $236,631.41 $1,148.42 $0.00 $1,337.95 $239,117.78
139 $239,117.78 $1,148.42 $0.00 $1,352.01 $241,618.21
140 $241,618.21 $1,148.42 $0.00 $1,366.14 $244,132.77
141 $244,132.77 $1,148.42 $0.00 $1,380.36 $246,661.55
142 $246,661.55 $1,148.42 $0.00 $1,394.66 $249,204.63
143 $249,204.63 $1,148.42 $0.00 $1,409.04 $251,762.09
144 $251,762.09 $1,148.42 $0.00 $1,423.50 $254,334.01
145 $254,334.01 $1,148.42 $0.00 $1,438.04 $256,920.47
146 $256,920.47 $1,148.42 $0.00 $1,452.67 $259,521.56
147 $259,521.56 $1,148.42 $0.00 $1,467.37 $262,137.35
148 $262,137.35 $1,148.42 $0.00 $1,482.16 $264,767.93
149 $264,767.93 $1,148.42 $0.00 $1,497.04 $267,413.39
150 $267,413.39 $1,148.42 $0.00 $1,511.99 $270,073.80
151 $270,073.80 $1,148.42 $0.00 $1,527.04 $272,749.26
152 $272,749.26 $1,148.42 $0.00 $1,542.16 $275,439.84
153 $275,439.84 $1,148.42 $0.00 $1,557.38 $278,145.64
154 $278,145.64 $1,148.42 $0.00 $1,572.68 $280,866.74
155 $280,866.74 $1,148.42 $0.00 $1,588.06 $283,603.22
156 $283,603.22 $1,148.42 $0.00 $1,603.53 $286,355.17
157 $286,355.17 $1,148.42 $0.00 $1,619.09 $289,122.68
158 $289,122.68 $1,148.42 $0.00 $1,634.74 $291,905.84
159 $291,905.84 $1,148.42 $0.00 $1,650.48 $294,704.74
160 $294,704.74 $1,148.42 $0.00 $1,666.30 $297,519.46
161 $297,519.46 $1,148.42 $0.00 $1,682.22 $300,350.10
162 $300,350.10 $1,148.42 $0.00 $1,698.22 $303,196.74
163 $303,196.74 $1,148.42 $0.00 $1,714.32 $306,059.48
164 $306,059.48 $1,148.42 $0.00 $1,730.50 $308,938.40
165 $308,938.40 $1,148.42 $0.00 $1,746.78 $311,833.60
166 $311,833.60 $1,148.42 $0.00 $1,763.15 $314,745.17
167 $314,745.17 $1,148.42 $0.00 $1,779.61 $317,673.20
168 $317,673.20 $1,148.42 $0.00 $1,796.17 $320,617.79
169 $320,617.79 $1,148.42 $0.00 $1,812.82 $323,579.03
170 $323,579.03 $1,148.42 $0.00 $1,829.56 $326,557.01
171 $326,557.01 $1,148.42 $0.00 $1,846.40 $329,551.83
172 $329,551.83 $1,148.42 $0.00 $1,863.33 $332,563.58
173 $332,563.58 $1,148.42 $0.00 $1,880.36 $335,592.36
174 $335,592.36 $1,148.42 $0.00 $1,897.49 $338,638.27
175 $338,638.27 $1,148.42 $0.00 $1,914.71 $341,701.40
176 $341,701.40 $1,148.42 $0.00 $1,932.03 $344,781.85
177 $344,781.85 $1,148.42 $0.00 $1,949.45 $347,879.72
178 $347,879.72 $1,148.42 $0.00 $1,966.96 $350,995.10
179 $350,995.10 $1,148.42 $0.00 $1,984.58 $354,128.10
180 $354,128.10 $1,148.42 $0.00 $2,002.29 $357,278.81
181 $357,278.81 $1,148.42 $0.00 $2,020.11 $360,447.34
182 $360,447.34 $1,148.42 $0.00 $2,038.02 $363,633.78
183 $363,633.78 $1,148.42 $0.00 $2,056.04 $366,838.24
184 $366,838.24 $1,148.42 $0.00 $2,074.16 $370,060.82
185 $370,060.82 $1,148.42 $0.00 $2,092.38 $373,301.62
186 $373,301.62 $1,148.42 $0.00 $2,110.70 $376,560.74
187 $376,560.74 $1,148.42 $0.00 $2,129.13 $379,838.29
188 $379,838.29 $1,148.42 $0.00 $2,147.66 $383,134.37
189 $383,134.37 $1,148.42 $0.00 $2,166.30 $386,449.09
190 $386,449.09 $1,148.42 $0.00 $2,185.04 $389,782.55
191 $389,782.55 $1,148.42 $0.00 $2,203.89 $393,134.86
192 $393,134.86 $1,148.42 $0.00 $2,222.84 $396,506.12
193 $396,506.12 $1,148.42 $0.00 $2,241.90 $399,896.44
194 $399,896.44 $1,148.42 $0.00 $2,261.07 $403,305.93
195 $403,305.93 $1,148.42 $0.00 $2,280.35 $406,734.70
196 $406,734.70 $1,148.42 $0.00 $2,299.74 $410,182.86
197 $410,182.86 $1,148.42 $0.00 $2,319.23 $413,650.51
198 $413,650.51 $1,148.42 $0.00 $2,338.84 $417,137.77
199 $417,137.77 $1,148.42 $0.00 $2,358.56 $420,644.75
200 $420,644.75 $1,148.42 $0.00 $2,378.39 $424,171.56
201 $424,171.56 $1,148.42 $0.00 $2,398.33 $427,718.31
202 $427,718.31 $1,148.42 $0.00 $2,418.38 $431,285.11
203 $431,285.11 $1,148.42 $0.00 $2,438.55 $434,872.08
204 $434,872.08 $1,148.42 $0.00 $2,458.83 $438,479.33
205 $438,479.33 $1,148.42 $0.00 $2,479.23 $442,106.98
206 $442,106.98 $1,148.42 $0.00 $2,499.74 $445,755.14
207 $445,755.14 $1,148.42 $0.00 $2,520.36 $449,423.92
208 $449,423.92 $1,148.42 $0.00 $2,541.11 $453,113.45
209 $453,113.45 $1,148.42 $0.00 $2,561.97 $456,823.84
210 $456,823.84 $1,148.42 $0.00 $2,582.95 $460,555.21
211 $460,555.21 $1,148.42 $0.00 $2,604.05 $464,307.68
212 $464,307.68 $1,148.42 $0.00 $2,625.26 $468,081.36
213 $468,081.36 $1,148.42 $0.00 $2,646.60 $471,876.38
214 $471,876.38 $1,148.42 $0.00 $2,668.06 $475,692.86
215 $475,692.86 $1,148.42 $0.00 $2,689.64 $479,530.92
216 $479,530.92 $1,148.42 $0.00 $2,711.34 $483,390.68
217 $483,390.68 $1,148.42 $130,911.54 $2,733.16 $356,360.72
218 $356,360.72 $1,148.42 $0.00 $2,014.92 $359,524.06
219 $359,524.06 $1,148.42 $0.00 $2,032.80 $362,705.28
220 $362,705.28 $1,148.42 $0.00 $2,050.79 $365,904.49
221 $365,904.49 $1,148.42 $0.00 $2,068.88 $369,121.79
222 $369,121.79 $1,148.42 $0.00 $2,087.07 $372,357.28
223 $372,357.28 $1,148.42 $0.00 $2,105.36 $375,611.06
224 $375,611.06 $1,148.42 $0.00 $2,123.76 $378,883.24
225 $378,883.24 $1,148.42 $0.00 $2,142.26 $382,173.92
226 $382,173.92 $1,148.42 $0.00 $2,160.87 $385,483.21
227 $385,483.21 $1,148.42 $0.00 $2,179.58 $388,811.21
228 $388,811.21 $1,148.42 $0.00 $2,198.40 $392,158.03
229 $392,158.03 $1,148.42 $140,075.34 $2,217.32 $255,448.43
230 $255,448.43 $1,148.42 $0.00 $1,444.34 $258,041.19
231 $258,041.19 $1,148.42 $0.00 $1,459.00 $260,648.61
232 $260,648.61 $1,148.42 $0.00 $1,473.75 $263,270.78
233 $263,270.78 $1,148.42 $0.00 $1,488.57 $265,907.77
234 $265,907.77 $1,148.42 $0.00 $1,503.48 $268,559.67
235 $268,559.67 $1,148.42 $0.00 $1,518.48 $271,226.57
236 $271,226.57 $1,148.42 $0.00 $1,533.55 $273,908.54
237 $273,908.54 $1,148.42 $0.00 $1,548.72 $276,605.68
238 $276,605.68 $1,148.42 $0.00 $1,563.97 $279,318.07
239 $279,318.07 $1,148.42 $0.00 $1,579.30 $282,045.79
240 $282,045.79 $1,148.42 $0.00 $1,594.73 $284,788.94
241 $284,788.94 $1,148.42 $149,880.62 $1,610.24 $137,666.98
242 $137,666.98 $1,148.42 $0.00 $778.39 $139,593.79
243 $139,593.79 $1,148.42 $0.00 $789.28 $141,531.49
244 $141,531.49 $1,148.42 $0.00 $800.24 $143,480.15
245 $143,480.15 $1,148.42 $0.00 $811.26 $145,439.83
246 $145,439.83 $1,148.42 $0.00 $822.34 $147,410.59
247 $147,410.59 $1,148.42 $0.00 $833.48 $149,392.49
248 $149,392.49 $1,148.42 $0.00 $844.69 $151,385.60
249 $151,385.60 $1,148.42 $0.00 $855.96 $153,389.98
250 $153,389.98 $1,148.42 $0.00 $867.29 $155,405.69
251 $155,405.69 $1,148.42 $0.00 $878.69 $157,432.80
252 $157,432.80 $1,148.42 $0.00 $890.15 $159,471.37
253 $159,471.37 $0.00 $160,372.26 $901.67 $0.78