Savings Plan and Future Cost Estimation for Green Mountain College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$183,089
Monthly savings required$1,447

How much will it cost to send your child to Green Mountain College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $732,357.30 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,447.00 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$48,802.00
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 Green Mountain College in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,447.00 $0.00 $0.00 $1,447.00
2 $1,447.00 $1,447.00 $0.00 $8.18 $2,902.18
3 $2,902.18 $1,447.00 $0.00 $16.41 $4,365.59
4 $4,365.59 $1,447.00 $0.00 $24.68 $5,837.27
5 $5,837.27 $1,447.00 $0.00 $33.00 $7,317.27
6 $7,317.27 $1,447.00 $0.00 $41.37 $8,805.64
7 $8,805.64 $1,447.00 $0.00 $49.79 $10,302.43
8 $10,302.43 $1,447.00 $0.00 $58.25 $11,807.68
9 $11,807.68 $1,447.00 $0.00 $66.76 $13,321.44
10 $13,321.44 $1,447.00 $0.00 $75.32 $14,843.76
11 $14,843.76 $1,447.00 $0.00 $83.93 $16,374.69
12 $16,374.69 $1,447.00 $0.00 $92.58 $17,914.27
13 $17,914.27 $1,447.00 $0.00 $101.29 $19,462.56
14 $19,462.56 $1,447.00 $0.00 $110.04 $21,019.60
15 $21,019.60 $1,447.00 $0.00 $118.85 $22,585.45
16 $22,585.45 $1,447.00 $0.00 $127.70 $24,160.15
17 $24,160.15 $1,447.00 $0.00 $136.61 $25,743.76
18 $25,743.76 $1,447.00 $0.00 $145.56 $27,336.32
19 $27,336.32 $1,447.00 $0.00 $154.56 $28,937.88
20 $28,937.88 $1,447.00 $0.00 $163.62 $30,548.50
21 $30,548.50 $1,447.00 $0.00 $172.73 $32,168.23
22 $32,168.23 $1,447.00 $0.00 $181.88 $33,797.11
23 $33,797.11 $1,447.00 $0.00 $191.09 $35,435.20
24 $35,435.20 $1,447.00 $0.00 $200.36 $37,082.56
25 $37,082.56 $1,447.00 $0.00 $209.67 $38,739.23
26 $38,739.23 $1,447.00 $0.00 $219.04 $40,405.27
27 $40,405.27 $1,447.00 $0.00 $228.46 $42,080.73
28 $42,080.73 $1,447.00 $0.00 $237.93 $43,765.66
29 $43,765.66 $1,447.00 $0.00 $247.46 $45,460.12
30 $45,460.12 $1,447.00 $0.00 $257.04 $47,164.16
31 $47,164.16 $1,447.00 $0.00 $266.67 $48,877.83
32 $48,877.83 $1,447.00 $0.00 $276.36 $50,601.19
33 $50,601.19 $1,447.00 $0.00 $286.11 $52,334.30
34 $52,334.30 $1,447.00 $0.00 $295.91 $54,077.21
35 $54,077.21 $1,447.00 $0.00 $305.76 $55,829.97
36 $55,829.97 $1,447.00 $0.00 $315.67 $57,592.64
37 $57,592.64 $1,447.00 $0.00 $325.64 $59,365.28
38 $59,365.28 $1,447.00 $0.00 $335.66 $61,147.94
39 $61,147.94 $1,447.00 $0.00 $345.74 $62,940.68
40 $62,940.68 $1,447.00 $0.00 $355.88 $64,743.56
41 $64,743.56 $1,447.00 $0.00 $366.07 $66,556.63
42 $66,556.63 $1,447.00 $0.00 $376.32 $68,379.95
43 $68,379.95 $1,447.00 $0.00 $386.63 $70,213.58
44 $70,213.58 $1,447.00 $0.00 $397.00 $72,057.58
45 $72,057.58 $1,447.00 $0.00 $407.42 $73,912.00
46 $73,912.00 $1,447.00 $0.00 $417.91 $75,776.91
47 $75,776.91 $1,447.00 $0.00 $428.45 $77,652.36
48 $77,652.36 $1,447.00 $0.00 $439.06 $79,538.42
49 $79,538.42 $1,447.00 $0.00 $449.72 $81,435.14
50 $81,435.14 $1,447.00 $0.00 $460.45 $83,342.59
51 $83,342.59 $1,447.00 $0.00 $471.23 $85,260.82
52 $85,260.82 $1,447.00 $0.00 $482.08 $87,189.90
53 $87,189.90 $1,447.00 $0.00 $492.98 $89,129.88
54 $89,129.88 $1,447.00 $0.00 $503.95 $91,080.83
55 $91,080.83 $1,447.00 $0.00 $514.98 $93,042.81
56 $93,042.81 $1,447.00 $0.00 $526.08 $95,015.89
57 $95,015.89 $1,447.00 $0.00 $537.23 $97,000.12
58 $97,000.12 $1,447.00 $0.00 $548.45 $98,995.57
59 $98,995.57 $1,447.00 $0.00 $559.74 $101,002.31
60 $101,002.31 $1,447.00 $0.00 $571.08 $103,020.39
61 $103,020.39 $1,447.00 $0.00 $582.49 $105,049.88
62 $105,049.88 $1,447.00 $0.00 $593.97 $107,090.85
63 $107,090.85 $1,447.00 $0.00 $605.51 $109,143.36
64 $109,143.36 $1,447.00 $0.00 $617.11 $111,207.47
65 $111,207.47 $1,447.00 $0.00 $628.78 $113,283.25
66 $113,283.25 $1,447.00 $0.00 $640.52 $115,370.77
67 $115,370.77 $1,447.00 $0.00 $652.32 $117,470.09
68 $117,470.09 $1,447.00 $0.00 $664.19 $119,581.28
69 $119,581.28 $1,447.00 $0.00 $676.13 $121,704.41
70 $121,704.41 $1,447.00 $0.00 $688.13 $123,839.54
71 $123,839.54 $1,447.00 $0.00 $700.21 $125,986.75
72 $125,986.75 $1,447.00 $0.00 $712.35 $128,146.10
73 $128,146.10 $1,447.00 $0.00 $724.56 $130,317.66
74 $130,317.66 $1,447.00 $0.00 $736.83 $132,501.49
75 $132,501.49 $1,447.00 $0.00 $749.18 $134,697.67
76 $134,697.67 $1,447.00 $0.00 $761.60 $136,906.27
77 $136,906.27 $1,447.00 $0.00 $774.09 $139,127.36
78 $139,127.36 $1,447.00 $0.00 $786.65 $141,361.01
79 $141,361.01 $1,447.00 $0.00 $799.28 $143,607.29
80 $143,607.29 $1,447.00 $0.00 $811.98 $145,866.27
81 $145,866.27 $1,447.00 $0.00 $824.75 $148,138.02
82 $148,138.02 $1,447.00 $0.00 $837.59 $150,422.61
83 $150,422.61 $1,447.00 $0.00 $850.51 $152,720.12
84 $152,720.12 $1,447.00 $0.00 $863.50 $155,030.62
85 $155,030.62 $1,447.00 $0.00 $876.57 $157,354.19
86 $157,354.19 $1,447.00 $0.00 $889.70 $159,690.89
87 $159,690.89 $1,447.00 $0.00 $902.92 $162,040.81
88 $162,040.81 $1,447.00 $0.00 $916.20 $164,404.01
89 $164,404.01 $1,447.00 $0.00 $929.56 $166,780.57
90 $166,780.57 $1,447.00 $0.00 $943.00 $169,170.57
91 $169,170.57 $1,447.00 $0.00 $956.51 $171,574.08
92 $171,574.08 $1,447.00 $0.00 $970.10 $173,991.18
93 $173,991.18 $1,447.00 $0.00 $983.77 $176,421.95
94 $176,421.95 $1,447.00 $0.00 $997.52 $178,866.47
95 $178,866.47 $1,447.00 $0.00 $1,011.34 $181,324.81
96 $181,324.81 $1,447.00 $0.00 $1,025.24 $183,797.05
97 $183,797.05 $1,447.00 $0.00 $1,039.22 $186,283.27
98 $186,283.27 $1,447.00 $0.00 $1,053.27 $188,783.54
99 $188,783.54 $1,447.00 $0.00 $1,067.41 $191,297.95
100 $191,297.95 $1,447.00 $0.00 $1,081.63 $193,826.58
101 $193,826.58 $1,447.00 $0.00 $1,095.92 $196,369.50
102 $196,369.50 $1,447.00 $0.00 $1,110.30 $198,926.80
103 $198,926.80 $1,447.00 $0.00 $1,124.76 $201,498.56
104 $201,498.56 $1,447.00 $0.00 $1,139.30 $204,084.86
105 $204,084.86 $1,447.00 $0.00 $1,153.93 $206,685.79
106 $206,685.79 $1,447.00 $0.00 $1,168.63 $209,301.42
107 $209,301.42 $1,447.00 $0.00 $1,183.42 $211,931.84
108 $211,931.84 $1,447.00 $0.00 $1,198.29 $214,577.13
109 $214,577.13 $1,447.00 $0.00 $1,213.25 $217,237.38
110 $217,237.38 $1,447.00 $0.00 $1,228.29 $219,912.67
111 $219,912.67 $1,447.00 $0.00 $1,243.42 $222,603.09
112 $222,603.09 $1,447.00 $0.00 $1,258.63 $225,308.72
113 $225,308.72 $1,447.00 $0.00 $1,273.93 $228,029.65
114 $228,029.65 $1,447.00 $0.00 $1,289.31 $230,765.96
115 $230,765.96 $1,447.00 $0.00 $1,304.78 $233,517.74
116 $233,517.74 $1,447.00 $0.00 $1,320.34 $236,285.08
117 $236,285.08 $1,447.00 $0.00 $1,335.99 $239,068.07
118 $239,068.07 $1,447.00 $0.00 $1,351.73 $241,866.80
119 $241,866.80 $1,447.00 $0.00 $1,367.55 $244,681.35
120 $244,681.35 $1,447.00 $0.00 $1,383.46 $247,511.81
121 $247,511.81 $1,447.00 $0.00 $1,399.47 $250,358.28
122 $250,358.28 $1,447.00 $0.00 $1,415.56 $253,220.84
123 $253,220.84 $1,447.00 $0.00 $1,431.75 $256,099.59
124 $256,099.59 $1,447.00 $0.00 $1,448.02 $258,994.61
125 $258,994.61 $1,447.00 $0.00 $1,464.39 $261,906.00
126 $261,906.00 $1,447.00 $0.00 $1,480.85 $264,833.85
127 $264,833.85 $1,447.00 $0.00 $1,497.41 $267,778.26
128 $267,778.26 $1,447.00 $0.00 $1,514.06 $270,739.32
129 $270,739.32 $1,447.00 $0.00 $1,530.80 $273,717.12
130 $273,717.12 $1,447.00 $0.00 $1,547.64 $276,711.76
131 $276,711.76 $1,447.00 $0.00 $1,564.57 $279,723.33
132 $279,723.33 $1,447.00 $0.00 $1,581.60 $282,751.93
133 $282,751.93 $1,447.00 $0.00 $1,598.72 $285,797.65
134 $285,797.65 $1,447.00 $0.00 $1,615.94 $288,860.59
135 $288,860.59 $1,447.00 $0.00 $1,633.26 $291,940.85
136 $291,940.85 $1,447.00 $0.00 $1,650.68 $295,038.53
137 $295,038.53 $1,447.00 $0.00 $1,668.19 $298,153.72
138 $298,153.72 $1,447.00 $0.00 $1,685.80 $301,286.52
139 $301,286.52 $1,447.00 $0.00 $1,703.52 $304,437.04
140 $304,437.04 $1,447.00 $0.00 $1,721.33 $307,605.37
141 $307,605.37 $1,447.00 $0.00 $1,739.25 $310,791.62
142 $310,791.62 $1,447.00 $0.00 $1,757.26 $313,995.88
143 $313,995.88 $1,447.00 $0.00 $1,775.38 $317,218.26
144 $317,218.26 $1,447.00 $0.00 $1,793.60 $320,458.86
145 $320,458.86 $1,447.00 $0.00 $1,811.92 $323,717.78
146 $323,717.78 $1,447.00 $0.00 $1,830.35 $326,995.13
147 $326,995.13 $1,447.00 $0.00 $1,848.88 $330,291.01
148 $330,291.01 $1,447.00 $0.00 $1,867.51 $333,605.52
149 $333,605.52 $1,447.00 $0.00 $1,886.25 $336,938.77
150 $336,938.77 $1,447.00 $0.00 $1,905.10 $340,290.87
151 $340,290.87 $1,447.00 $0.00 $1,924.05 $343,661.92
152 $343,661.92 $1,447.00 $0.00 $1,943.11 $347,052.03
153 $347,052.03 $1,447.00 $0.00 $1,962.28 $350,461.31
154 $350,461.31 $1,447.00 $0.00 $1,981.56 $353,889.87
155 $353,889.87 $1,447.00 $0.00 $2,000.94 $357,337.81
156 $357,337.81 $1,447.00 $0.00 $2,020.44 $360,805.25
157 $360,805.25 $1,447.00 $0.00 $2,040.05 $364,292.30
158 $364,292.30 $1,447.00 $0.00 $2,059.76 $367,799.06
159 $367,799.06 $1,447.00 $0.00 $2,079.59 $371,325.65
160 $371,325.65 $1,447.00 $0.00 $2,099.53 $374,872.18
161 $374,872.18 $1,447.00 $0.00 $2,119.58 $378,438.76
162 $378,438.76 $1,447.00 $0.00 $2,139.75 $382,025.51
163 $382,025.51 $1,447.00 $0.00 $2,160.03 $385,632.54
164 $385,632.54 $1,447.00 $0.00 $2,180.42 $389,259.96
165 $389,259.96 $1,447.00 $0.00 $2,200.93 $392,907.89
166 $392,907.89 $1,447.00 $0.00 $2,221.56 $396,576.45
167 $396,576.45 $1,447.00 $0.00 $2,242.30 $400,265.75
168 $400,265.75 $1,447.00 $0.00 $2,263.16 $403,975.91
169 $403,975.91 $1,447.00 $0.00 $2,284.14 $407,707.05
170 $407,707.05 $1,447.00 $0.00 $2,305.23 $411,459.28
171 $411,459.28 $1,447.00 $0.00 $2,326.45 $415,232.73
172 $415,232.73 $1,447.00 $0.00 $2,347.79 $419,027.52
173 $419,027.52 $1,447.00 $0.00 $2,369.24 $422,843.76
174 $422,843.76 $1,447.00 $0.00 $2,390.82 $426,681.58
175 $426,681.58 $1,447.00 $0.00 $2,412.52 $430,541.10
176 $430,541.10 $1,447.00 $0.00 $2,434.34 $434,422.44
177 $434,422.44 $1,447.00 $0.00 $2,456.29 $438,325.73
178 $438,325.73 $1,447.00 $0.00 $2,478.36 $442,251.09
179 $442,251.09 $1,447.00 $0.00 $2,500.55 $446,198.64
180 $446,198.64 $1,447.00 $0.00 $2,522.87 $450,168.51
181 $450,168.51 $1,447.00 $0.00 $2,545.32 $454,160.83
182 $454,160.83 $1,447.00 $0.00 $2,567.89 $458,175.72
183 $458,175.72 $1,447.00 $0.00 $2,590.59 $462,213.31
184 $462,213.31 $1,447.00 $0.00 $2,613.42 $466,273.73
185 $466,273.73 $1,447.00 $0.00 $2,636.38 $470,357.11
186 $470,357.11 $1,447.00 $0.00 $2,659.47 $474,463.58
187 $474,463.58 $1,447.00 $0.00 $2,682.69 $478,593.27
188 $478,593.27 $1,447.00 $0.00 $2,706.04 $482,746.31
189 $482,746.31 $1,447.00 $0.00 $2,729.52 $486,922.83
190 $486,922.83 $1,447.00 $0.00 $2,753.13 $491,122.96
191 $491,122.96 $1,447.00 $0.00 $2,776.88 $495,346.84
192 $495,346.84 $1,447.00 $0.00 $2,800.76 $499,594.60
193 $499,594.60 $1,447.00 $0.00 $2,824.78 $503,866.38
194 $503,866.38 $1,447.00 $0.00 $2,848.93 $508,162.31
195 $508,162.31 $1,447.00 $0.00 $2,873.22 $512,482.53
196 $512,482.53 $1,447.00 $0.00 $2,897.65 $516,827.18
197 $516,827.18 $1,447.00 $0.00 $2,922.22 $521,196.40
198 $521,196.40 $1,447.00 $0.00 $2,946.92 $525,590.32
199 $525,590.32 $1,447.00 $0.00 $2,971.76 $530,009.08
200 $530,009.08 $1,447.00 $0.00 $2,996.75 $534,452.83
201 $534,452.83 $1,447.00 $0.00 $3,021.87 $538,921.70
202 $538,921.70 $1,447.00 $0.00 $3,047.14 $543,415.84
203 $543,415.84 $1,447.00 $0.00 $3,072.55 $547,935.39
204 $547,935.39 $1,447.00 $0.00 $3,098.11 $552,480.50
205 $552,480.50 $1,447.00 $0.00 $3,123.81 $557,051.31
206 $557,051.31 $1,447.00 $0.00 $3,149.65 $561,647.96
207 $561,647.96 $1,447.00 $0.00 $3,175.64 $566,270.60
208 $566,270.60 $1,447.00 $0.00 $3,201.78 $570,919.38
209 $570,919.38 $1,447.00 $0.00 $3,228.06 $575,594.44
210 $575,594.44 $1,447.00 $0.00 $3,254.49 $580,295.93
211 $580,295.93 $1,447.00 $0.00 $3,281.08 $585,024.01
212 $585,024.01 $1,447.00 $0.00 $3,307.81 $589,778.82
213 $589,778.82 $1,447.00 $0.00 $3,334.70 $594,560.52
214 $594,560.52 $1,447.00 $0.00 $3,361.73 $599,369.25
215 $599,369.25 $1,447.00 $0.00 $3,388.92 $604,205.17
216 $604,205.17 $1,447.00 $0.00 $3,416.26 $609,068.43
217 $609,068.43 $1,447.00 $164,947.45 $3,443.76 $449,011.74
218 $449,011.74 $1,447.00 $0.00 $2,538.78 $452,997.52
219 $452,997.52 $1,447.00 $0.00 $2,561.31 $457,005.83
220 $457,005.83 $1,447.00 $0.00 $2,583.98 $461,036.81
221 $461,036.81 $1,447.00 $0.00 $2,606.77 $465,090.58
222 $465,090.58 $1,447.00 $0.00 $2,629.69 $469,167.27
223 $469,167.27 $1,447.00 $0.00 $2,652.74 $473,267.01
224 $473,267.01 $1,447.00 $0.00 $2,675.92 $477,389.93
225 $477,389.93 $1,447.00 $0.00 $2,699.23 $481,536.16
226 $481,536.16 $1,447.00 $0.00 $2,722.68 $485,705.84
227 $485,705.84 $1,447.00 $0.00 $2,746.25 $489,899.09
228 $489,899.09 $1,447.00 $0.00 $2,769.96 $494,116.05
229 $494,116.05 $1,447.00 $176,493.78 $2,793.80 $321,863.07
230 $321,863.07 $1,447.00 $0.00 $1,819.86 $325,129.93
231 $325,129.93 $1,447.00 $0.00 $1,838.33 $328,415.26
232 $328,415.26 $1,447.00 $0.00 $1,856.91 $331,719.17
233 $331,719.17 $1,447.00 $0.00 $1,875.59 $335,041.76
234 $335,041.76 $1,447.00 $0.00 $1,894.37 $338,383.13
235 $338,383.13 $1,447.00 $0.00 $1,913.27 $341,743.40
236 $341,743.40 $1,447.00 $0.00 $1,932.27 $345,122.67
237 $345,122.67 $1,447.00 $0.00 $1,951.37 $348,521.04
238 $348,521.04 $1,447.00 $0.00 $1,970.59 $351,938.63
239 $351,938.63 $1,447.00 $0.00 $1,989.91 $355,375.54
240 $355,375.54 $1,447.00 $0.00 $2,009.34 $358,831.88
241 $358,831.88 $1,447.00 $188,848.34 $2,028.89 $173,459.43
242 $173,459.43 $1,447.00 $0.00 $980.76 $175,887.19
243 $175,887.19 $1,447.00 $0.00 $994.49 $178,328.68
244 $178,328.68 $1,447.00 $0.00 $1,008.30 $180,783.98
245 $180,783.98 $1,447.00 $0.00 $1,022.18 $183,253.16
246 $183,253.16 $1,447.00 $0.00 $1,036.14 $185,736.30
247 $185,736.30 $1,447.00 $0.00 $1,050.18 $188,233.48
248 $188,233.48 $1,447.00 $0.00 $1,064.30 $190,744.78
249 $190,744.78 $1,447.00 $0.00 $1,078.50 $193,270.28
250 $193,270.28 $1,447.00 $0.00 $1,092.78 $195,810.06
251 $195,810.06 $1,447.00 $0.00 $1,107.14 $198,364.20
252 $198,364.20 $1,447.00 $0.00 $1,121.58 $200,932.78
253 $200,932.78 $0.00 $202,067.73 $1,136.10 $1.15