Savings Plan and Future Cost Estimation for Newberry College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$168,158
Monthly savings required$1,329

How much will it cost to send your child to Newberry College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $672,630.61 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,328.99 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$44,822.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

Update Your Savings Plan

Discover how much will you need to start saving now to afford Newberry College in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,328.99 $0.00 $0.00 $1,328.99
2 $1,328.99 $1,328.99 $0.00 $7.51 $2,665.49
3 $2,665.49 $1,328.99 $0.00 $15.07 $4,009.55
4 $4,009.55 $1,328.99 $0.00 $22.67 $5,361.21
5 $5,361.21 $1,328.99 $0.00 $30.31 $6,720.51
6 $6,720.51 $1,328.99 $0.00 $38.00 $8,087.50
7 $8,087.50 $1,328.99 $0.00 $45.73 $9,462.22
8 $9,462.22 $1,328.99 $0.00 $53.50 $10,844.71
9 $10,844.71 $1,328.99 $0.00 $61.32 $12,235.02
10 $12,235.02 $1,328.99 $0.00 $69.18 $13,633.19
11 $13,633.19 $1,328.99 $0.00 $77.08 $15,039.26
12 $15,039.26 $1,328.99 $0.00 $85.03 $16,453.28
13 $16,453.28 $1,328.99 $0.00 $93.03 $17,875.30
14 $17,875.30 $1,328.99 $0.00 $101.07 $19,305.36
15 $19,305.36 $1,328.99 $0.00 $109.16 $20,743.51
16 $20,743.51 $1,328.99 $0.00 $117.29 $22,189.79
17 $22,189.79 $1,328.99 $0.00 $125.46 $23,644.24
18 $23,644.24 $1,328.99 $0.00 $133.69 $25,106.92
19 $25,106.92 $1,328.99 $0.00 $141.96 $26,577.87
20 $26,577.87 $1,328.99 $0.00 $150.28 $28,057.14
21 $28,057.14 $1,328.99 $0.00 $158.64 $29,544.77
22 $29,544.77 $1,328.99 $0.00 $167.05 $31,040.81
23 $31,040.81 $1,328.99 $0.00 $175.51 $32,545.31
24 $32,545.31 $1,328.99 $0.00 $184.02 $34,058.32
25 $34,058.32 $1,328.99 $0.00 $192.57 $35,579.88
26 $35,579.88 $1,328.99 $0.00 $201.17 $37,110.04
27 $37,110.04 $1,328.99 $0.00 $209.83 $38,648.86
28 $38,648.86 $1,328.99 $0.00 $218.53 $40,196.38
29 $40,196.38 $1,328.99 $0.00 $227.28 $41,752.65
30 $41,752.65 $1,328.99 $0.00 $236.08 $43,317.72
31 $43,317.72 $1,328.99 $0.00 $244.92 $44,891.63
32 $44,891.63 $1,328.99 $0.00 $253.82 $46,474.44
33 $46,474.44 $1,328.99 $0.00 $262.77 $48,066.20
34 $48,066.20 $1,328.99 $0.00 $271.77 $49,666.96
35 $49,666.96 $1,328.99 $0.00 $280.82 $51,276.77
36 $51,276.77 $1,328.99 $0.00 $289.93 $52,895.69
37 $52,895.69 $1,328.99 $0.00 $299.08 $54,523.76
38 $54,523.76 $1,328.99 $0.00 $308.29 $56,161.04
39 $56,161.04 $1,328.99 $0.00 $317.54 $57,807.57
40 $57,807.57 $1,328.99 $0.00 $326.85 $59,463.41
41 $59,463.41 $1,328.99 $0.00 $336.21 $61,128.61
42 $61,128.61 $1,328.99 $0.00 $345.63 $62,803.23
43 $62,803.23 $1,328.99 $0.00 $355.10 $64,487.32
44 $64,487.32 $1,328.99 $0.00 $364.62 $66,180.93
45 $66,180.93 $1,328.99 $0.00 $374.20 $67,884.12
46 $67,884.12 $1,328.99 $0.00 $383.83 $69,596.94
47 $69,596.94 $1,328.99 $0.00 $393.51 $71,319.44
48 $71,319.44 $1,328.99 $0.00 $403.25 $73,051.68
49 $73,051.68 $1,328.99 $0.00 $413.04 $74,793.71
50 $74,793.71 $1,328.99 $0.00 $422.89 $76,545.59
51 $76,545.59 $1,328.99 $0.00 $432.80 $78,307.38
52 $78,307.38 $1,328.99 $0.00 $442.76 $80,079.13
53 $80,079.13 $1,328.99 $0.00 $452.78 $81,860.90
54 $81,860.90 $1,328.99 $0.00 $462.85 $83,652.74
55 $83,652.74 $1,328.99 $0.00 $472.98 $85,454.71
56 $85,454.71 $1,328.99 $0.00 $483.17 $87,266.87
57 $87,266.87 $1,328.99 $0.00 $493.42 $89,089.28
58 $89,089.28 $1,328.99 $0.00 $503.72 $90,921.99
59 $90,921.99 $1,328.99 $0.00 $514.09 $92,765.07
60 $92,765.07 $1,328.99 $0.00 $524.51 $94,618.57
61 $94,618.57 $1,328.99 $0.00 $534.99 $96,482.55
62 $96,482.55 $1,328.99 $0.00 $545.53 $98,357.07
63 $98,357.07 $1,328.99 $0.00 $556.13 $100,242.19
64 $100,242.19 $1,328.99 $0.00 $566.78 $102,137.96
65 $102,137.96 $1,328.99 $0.00 $577.50 $104,044.45
66 $104,044.45 $1,328.99 $0.00 $588.28 $105,961.72
67 $105,961.72 $1,328.99 $0.00 $599.12 $107,889.83
68 $107,889.83 $1,328.99 $0.00 $610.02 $109,828.84
69 $109,828.84 $1,328.99 $0.00 $620.99 $111,778.82
70 $111,778.82 $1,328.99 $0.00 $632.01 $113,739.82
71 $113,739.82 $1,328.99 $0.00 $643.10 $115,711.91
72 $115,711.91 $1,328.99 $0.00 $654.25 $117,695.15
73 $117,695.15 $1,328.99 $0.00 $665.47 $119,689.61
74 $119,689.61 $1,328.99 $0.00 $676.74 $121,695.34
75 $121,695.34 $1,328.99 $0.00 $688.08 $123,712.41
76 $123,712.41 $1,328.99 $0.00 $699.49 $125,740.89
77 $125,740.89 $1,328.99 $0.00 $710.96 $127,780.84
78 $127,780.84 $1,328.99 $0.00 $722.49 $129,832.32
79 $129,832.32 $1,328.99 $0.00 $734.09 $131,895.40
80 $131,895.40 $1,328.99 $0.00 $745.76 $133,970.15
81 $133,970.15 $1,328.99 $0.00 $757.49 $136,056.63
82 $136,056.63 $1,328.99 $0.00 $769.28 $138,154.90
83 $138,154.90 $1,328.99 $0.00 $781.15 $140,265.04
84 $140,265.04 $1,328.99 $0.00 $793.08 $142,387.11
85 $142,387.11 $1,328.99 $0.00 $805.08 $144,521.18
86 $144,521.18 $1,328.99 $0.00 $817.14 $146,667.31
87 $146,667.31 $1,328.99 $0.00 $829.28 $148,825.58
88 $148,825.58 $1,328.99 $0.00 $841.48 $150,996.05
89 $150,996.05 $1,328.99 $0.00 $853.75 $153,178.79
90 $153,178.79 $1,328.99 $0.00 $866.10 $155,373.88
91 $155,373.88 $1,328.99 $0.00 $878.51 $157,581.38
92 $157,581.38 $1,328.99 $0.00 $890.99 $159,801.36
93 $159,801.36 $1,328.99 $0.00 $903.54 $162,033.89
94 $162,033.89 $1,328.99 $0.00 $916.16 $164,279.04
95 $164,279.04 $1,328.99 $0.00 $928.86 $166,536.89
96 $166,536.89 $1,328.99 $0.00 $941.62 $168,807.50
97 $168,807.50 $1,328.99 $0.00 $954.46 $171,090.95
98 $171,090.95 $1,328.99 $0.00 $967.37 $173,387.31
99 $173,387.31 $1,328.99 $0.00 $980.36 $175,696.66
100 $175,696.66 $1,328.99 $0.00 $993.41 $178,019.06
101 $178,019.06 $1,328.99 $0.00 $1,006.55 $180,354.60
102 $180,354.60 $1,328.99 $0.00 $1,019.75 $182,703.34
103 $182,703.34 $1,328.99 $0.00 $1,033.03 $185,065.36
104 $185,065.36 $1,328.99 $0.00 $1,046.39 $187,440.74
105 $187,440.74 $1,328.99 $0.00 $1,059.82 $189,829.55
106 $189,829.55 $1,328.99 $0.00 $1,073.32 $192,231.86
107 $192,231.86 $1,328.99 $0.00 $1,086.91 $194,647.76
108 $194,647.76 $1,328.99 $0.00 $1,100.57 $197,077.32
109 $197,077.32 $1,328.99 $0.00 $1,114.30 $199,520.61
110 $199,520.61 $1,328.99 $0.00 $1,128.12 $201,977.72
111 $201,977.72 $1,328.99 $0.00 $1,142.01 $204,448.72
112 $204,448.72 $1,328.99 $0.00 $1,155.98 $206,933.69
113 $206,933.69 $1,328.99 $0.00 $1,170.03 $209,432.71
114 $209,432.71 $1,328.99 $0.00 $1,184.16 $211,945.86
115 $211,945.86 $1,328.99 $0.00 $1,198.37 $214,473.22
116 $214,473.22 $1,328.99 $0.00 $1,212.66 $217,014.87
117 $217,014.87 $1,328.99 $0.00 $1,227.03 $219,570.89
118 $219,570.89 $1,328.99 $0.00 $1,241.49 $222,141.37
119 $222,141.37 $1,328.99 $0.00 $1,256.02 $224,726.38
120 $224,726.38 $1,328.99 $0.00 $1,270.64 $227,326.01
121 $227,326.01 $1,328.99 $0.00 $1,285.33 $229,940.33
122 $229,940.33 $1,328.99 $0.00 $1,300.12 $232,569.44
123 $232,569.44 $1,328.99 $0.00 $1,314.98 $235,213.41
124 $235,213.41 $1,328.99 $0.00 $1,329.93 $237,872.33
125 $237,872.33 $1,328.99 $0.00 $1,344.96 $240,546.28
126 $240,546.28 $1,328.99 $0.00 $1,360.08 $243,235.35
127 $243,235.35 $1,328.99 $0.00 $1,375.29 $245,939.63
128 $245,939.63 $1,328.99 $0.00 $1,390.58 $248,659.20
129 $248,659.20 $1,328.99 $0.00 $1,405.96 $251,394.15
130 $251,394.15 $1,328.99 $0.00 $1,421.42 $254,144.56
131 $254,144.56 $1,328.99 $0.00 $1,436.97 $256,910.52
132 $256,910.52 $1,328.99 $0.00 $1,452.61 $259,692.12
133 $259,692.12 $1,328.99 $0.00 $1,468.34 $262,489.45
134 $262,489.45 $1,328.99 $0.00 $1,484.15 $265,302.59
135 $265,302.59 $1,328.99 $0.00 $1,500.06 $268,131.64
136 $268,131.64 $1,328.99 $0.00 $1,516.06 $270,976.69
137 $270,976.69 $1,328.99 $0.00 $1,532.14 $273,837.82
138 $273,837.82 $1,328.99 $0.00 $1,548.32 $276,715.13
139 $276,715.13 $1,328.99 $0.00 $1,564.59 $279,608.71
140 $279,608.71 $1,328.99 $0.00 $1,580.95 $282,518.65
141 $282,518.65 $1,328.99 $0.00 $1,597.40 $285,445.04
142 $285,445.04 $1,328.99 $0.00 $1,613.95 $288,387.98
143 $288,387.98 $1,328.99 $0.00 $1,630.59 $291,347.56
144 $291,347.56 $1,328.99 $0.00 $1,647.32 $294,323.87
145 $294,323.87 $1,328.99 $0.00 $1,664.15 $297,317.01
146 $297,317.01 $1,328.99 $0.00 $1,681.07 $300,327.07
147 $300,327.07 $1,328.99 $0.00 $1,698.09 $303,354.15
148 $303,354.15 $1,328.99 $0.00 $1,715.21 $306,398.35
149 $306,398.35 $1,328.99 $0.00 $1,732.42 $309,459.76
150 $309,459.76 $1,328.99 $0.00 $1,749.73 $312,538.48
151 $312,538.48 $1,328.99 $0.00 $1,767.14 $315,634.61
152 $315,634.61 $1,328.99 $0.00 $1,784.64 $318,748.24
153 $318,748.24 $1,328.99 $0.00 $1,802.25 $321,879.48
154 $321,879.48 $1,328.99 $0.00 $1,819.95 $325,028.42
155 $325,028.42 $1,328.99 $0.00 $1,837.76 $328,195.17
156 $328,195.17 $1,328.99 $0.00 $1,855.66 $331,379.82
157 $331,379.82 $1,328.99 $0.00 $1,873.67 $334,582.48
158 $334,582.48 $1,328.99 $0.00 $1,891.78 $337,803.25
159 $337,803.25 $1,328.99 $0.00 $1,909.99 $341,042.23
160 $341,042.23 $1,328.99 $0.00 $1,928.30 $344,299.52
161 $344,299.52 $1,328.99 $0.00 $1,946.72 $347,575.23
162 $347,575.23 $1,328.99 $0.00 $1,965.24 $350,869.46
163 $350,869.46 $1,328.99 $0.00 $1,983.87 $354,182.32
164 $354,182.32 $1,328.99 $0.00 $2,002.60 $357,513.91
165 $357,513.91 $1,328.99 $0.00 $2,021.44 $360,864.34
166 $360,864.34 $1,328.99 $0.00 $2,040.38 $364,233.71
167 $364,233.71 $1,328.99 $0.00 $2,059.43 $367,622.13
168 $367,622.13 $1,328.99 $0.00 $2,078.59 $371,029.71
169 $371,029.71 $1,328.99 $0.00 $2,097.86 $374,456.56
170 $374,456.56 $1,328.99 $0.00 $2,117.23 $377,902.78
171 $377,902.78 $1,328.99 $0.00 $2,136.72 $381,368.49
172 $381,368.49 $1,328.99 $0.00 $2,156.31 $384,853.79
173 $384,853.79 $1,328.99 $0.00 $2,176.02 $388,358.80
174 $388,358.80 $1,328.99 $0.00 $2,195.84 $391,883.63
175 $391,883.63 $1,328.99 $0.00 $2,215.77 $395,428.39
176 $395,428.39 $1,328.99 $0.00 $2,235.81 $398,993.19
177 $398,993.19 $1,328.99 $0.00 $2,255.97 $402,578.15
178 $402,578.15 $1,328.99 $0.00 $2,276.24 $406,183.38
179 $406,183.38 $1,328.99 $0.00 $2,296.62 $409,808.99
180 $409,808.99 $1,328.99 $0.00 $2,317.12 $413,455.10
181 $413,455.10 $1,328.99 $0.00 $2,337.74 $417,121.83
182 $417,121.83 $1,328.99 $0.00 $2,358.47 $420,809.29
183 $420,809.29 $1,328.99 $0.00 $2,379.32 $424,517.60
184 $424,517.60 $1,328.99 $0.00 $2,400.28 $428,246.87
185 $428,246.87 $1,328.99 $0.00 $2,421.37 $431,997.23
186 $431,997.23 $1,328.99 $0.00 $2,442.58 $435,768.80
187 $435,768.80 $1,328.99 $0.00 $2,463.90 $439,561.69
188 $439,561.69 $1,328.99 $0.00 $2,485.35 $443,376.03
189 $443,376.03 $1,328.99 $0.00 $2,506.91 $447,211.93
190 $447,211.93 $1,328.99 $0.00 $2,528.60 $451,069.52
191 $451,069.52 $1,328.99 $0.00 $2,550.41 $454,948.92
192 $454,948.92 $1,328.99 $0.00 $2,572.35 $458,850.26
193 $458,850.26 $1,328.99 $0.00 $2,594.41 $462,773.66
194 $462,773.66 $1,328.99 $0.00 $2,616.59 $466,719.24
195 $466,719.24 $1,328.99 $0.00 $2,638.90 $470,687.13
196 $470,687.13 $1,328.99 $0.00 $2,661.33 $474,677.45
197 $474,677.45 $1,328.99 $0.00 $2,683.90 $478,690.34
198 $478,690.34 $1,328.99 $0.00 $2,706.58 $482,725.91
199 $482,725.91 $1,328.99 $0.00 $2,729.40 $486,784.30
200 $486,784.30 $1,328.99 $0.00 $2,752.35 $490,865.64
201 $490,865.64 $1,328.99 $0.00 $2,775.43 $494,970.06
202 $494,970.06 $1,328.99 $0.00 $2,798.63 $499,097.68
203 $499,097.68 $1,328.99 $0.00 $2,821.97 $503,248.64
204 $503,248.64 $1,328.99 $0.00 $2,845.44 $507,423.07
205 $507,423.07 $1,328.99 $0.00 $2,869.04 $511,621.10
206 $511,621.10 $1,328.99 $0.00 $2,892.78 $515,842.87
207 $515,842.87 $1,328.99 $0.00 $2,916.65 $520,088.51
208 $520,088.51 $1,328.99 $0.00 $2,940.66 $524,358.16
209 $524,358.16 $1,328.99 $0.00 $2,964.80 $528,651.95
210 $528,651.95 $1,328.99 $0.00 $2,989.07 $532,970.01
211 $532,970.01 $1,328.99 $0.00 $3,013.49 $537,312.49
212 $537,312.49 $1,328.99 $0.00 $3,038.04 $541,679.52
213 $541,679.52 $1,328.99 $0.00 $3,062.73 $546,071.24
214 $546,071.24 $1,328.99 $0.00 $3,087.57 $550,487.80
215 $550,487.80 $1,328.99 $0.00 $3,112.54 $554,929.33
216 $554,929.33 $1,328.99 $0.00 $3,137.65 $559,395.97
217 $559,395.97 $1,328.99 $151,495.32 $3,162.91 $412,392.55
218 $412,392.55 $1,328.99 $0.00 $2,331.73 $416,053.27
219 $416,053.27 $1,328.99 $0.00 $2,352.43 $419,734.69
220 $419,734.69 $1,328.99 $0.00 $2,373.24 $423,436.92
221 $423,436.92 $1,328.99 $0.00 $2,394.17 $427,160.08
222 $427,160.08 $1,328.99 $0.00 $2,415.23 $430,904.30
223 $430,904.30 $1,328.99 $0.00 $2,436.40 $434,669.69
224 $434,669.69 $1,328.99 $0.00 $2,457.69 $438,456.37
225 $438,456.37 $1,328.99 $0.00 $2,479.10 $442,264.46
226 $442,264.46 $1,328.99 $0.00 $2,500.63 $446,094.08
227 $446,094.08 $1,328.99 $0.00 $2,522.28 $449,945.35
228 $449,945.35 $1,328.99 $0.00 $2,544.06 $453,818.40
229 $453,818.40 $1,328.99 $162,100.00 $2,565.96 $295,613.35
230 $295,613.35 $1,328.99 $0.00 $1,671.44 $298,613.78
231 $298,613.78 $1,328.99 $0.00 $1,688.41 $301,631.18
232 $301,631.18 $1,328.99 $0.00 $1,705.47 $304,665.64
233 $304,665.64 $1,328.99 $0.00 $1,722.62 $307,717.25
234 $307,717.25 $1,328.99 $0.00 $1,739.88 $310,786.12
235 $310,786.12 $1,328.99 $0.00 $1,757.23 $313,872.34
236 $313,872.34 $1,328.99 $0.00 $1,774.68 $316,976.01
237 $316,976.01 $1,328.99 $0.00 $1,792.23 $320,097.23
238 $320,097.23 $1,328.99 $0.00 $1,809.88 $323,236.10
239 $323,236.10 $1,328.99 $0.00 $1,827.62 $326,392.71
240 $326,392.71 $1,328.99 $0.00 $1,845.47 $329,567.17
241 $329,567.17 $1,328.99 $173,447.00 $1,863.42 $159,312.58
242 $159,312.58 $1,328.99 $0.00 $900.78 $161,542.35
243 $161,542.35 $1,328.99 $0.00 $913.38 $163,784.72
244 $163,784.72 $1,328.99 $0.00 $926.06 $166,039.77
245 $166,039.77 $1,328.99 $0.00 $938.81 $168,307.57
246 $168,307.57 $1,328.99 $0.00 $951.64 $170,588.20
247 $170,588.20 $1,328.99 $0.00 $964.53 $172,881.72
248 $172,881.72 $1,328.99 $0.00 $977.50 $175,188.21
249 $175,188.21 $1,328.99 $0.00 $990.54 $177,507.74
250 $177,507.74 $1,328.99 $0.00 $1,003.65 $179,840.38
251 $179,840.38 $1,328.99 $0.00 $1,016.84 $182,186.21
252 $182,186.21 $1,328.99 $0.00 $1,030.11 $184,545.31
253 $184,545.31 $0.00 $185,588.29 $1,043.45 $0.47