Savings Plan and Future Cost Estimation for Point University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$132,434
Monthly savings required$1,047

How much will it cost to send your child to Point University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $529,736.74 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,046.65 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$35,300.00
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 $1,046.65 $0.00 $0.00 $1,046.65
2 $1,046.65 $1,046.65 $0.00 $5.92 $2,099.22
3 $2,099.22 $1,046.65 $0.00 $11.87 $3,157.74
4 $3,157.74 $1,046.65 $0.00 $17.85 $4,222.24
5 $4,222.24 $1,046.65 $0.00 $23.87 $5,292.76
6 $5,292.76 $1,046.65 $0.00 $29.93 $6,369.34
7 $6,369.34 $1,046.65 $0.00 $36.01 $7,452.00
8 $7,452.00 $1,046.65 $0.00 $42.13 $8,540.78
9 $8,540.78 $1,046.65 $0.00 $48.29 $9,635.72
10 $9,635.72 $1,046.65 $0.00 $54.48 $10,736.85
11 $10,736.85 $1,046.65 $0.00 $60.71 $11,844.21
12 $11,844.21 $1,046.65 $0.00 $66.97 $12,957.83
13 $12,957.83 $1,046.65 $0.00 $73.27 $14,077.75
14 $14,077.75 $1,046.65 $0.00 $79.60 $15,204.00
15 $15,204.00 $1,046.65 $0.00 $85.97 $16,336.62
16 $16,336.62 $1,046.65 $0.00 $92.37 $17,475.64
17 $17,475.64 $1,046.65 $0.00 $98.81 $18,621.10
18 $18,621.10 $1,046.65 $0.00 $105.29 $19,773.04
19 $19,773.04 $1,046.65 $0.00 $111.80 $20,931.49
20 $20,931.49 $1,046.65 $0.00 $118.35 $22,096.49
21 $22,096.49 $1,046.65 $0.00 $124.94 $23,268.08
22 $23,268.08 $1,046.65 $0.00 $131.56 $24,446.29
23 $24,446.29 $1,046.65 $0.00 $138.22 $25,631.16
24 $25,631.16 $1,046.65 $0.00 $144.92 $26,822.73
25 $26,822.73 $1,046.65 $0.00 $151.66 $28,021.04
26 $28,021.04 $1,046.65 $0.00 $158.44 $29,226.13
27 $29,226.13 $1,046.65 $0.00 $165.25 $30,438.03
28 $30,438.03 $1,046.65 $0.00 $172.10 $31,656.78
29 $31,656.78 $1,046.65 $0.00 $178.99 $32,882.42
30 $32,882.42 $1,046.65 $0.00 $185.92 $34,114.99
31 $34,114.99 $1,046.65 $0.00 $192.89 $35,354.53
32 $35,354.53 $1,046.65 $0.00 $199.90 $36,601.08
33 $36,601.08 $1,046.65 $0.00 $206.95 $37,854.68
34 $37,854.68 $1,046.65 $0.00 $214.04 $39,115.37
35 $39,115.37 $1,046.65 $0.00 $221.16 $40,383.18
36 $40,383.18 $1,046.65 $0.00 $228.33 $41,658.16
37 $41,658.16 $1,046.65 $0.00 $235.54 $42,940.35
38 $42,940.35 $1,046.65 $0.00 $242.79 $44,229.79
39 $44,229.79 $1,046.65 $0.00 $250.08 $45,526.52
40 $45,526.52 $1,046.65 $0.00 $257.41 $46,830.58
41 $46,830.58 $1,046.65 $0.00 $264.79 $48,142.02
42 $48,142.02 $1,046.65 $0.00 $272.20 $49,460.87
43 $49,460.87 $1,046.65 $0.00 $279.66 $50,787.18
44 $50,787.18 $1,046.65 $0.00 $287.16 $52,120.99
45 $52,120.99 $1,046.65 $0.00 $294.70 $53,462.34
46 $53,462.34 $1,046.65 $0.00 $302.28 $54,811.27
47 $54,811.27 $1,046.65 $0.00 $309.91 $56,167.83
48 $56,167.83 $1,046.65 $0.00 $317.58 $57,532.06
49 $57,532.06 $1,046.65 $0.00 $325.29 $58,904.00
50 $58,904.00 $1,046.65 $0.00 $333.05 $60,283.70
51 $60,283.70 $1,046.65 $0.00 $340.85 $61,671.20
52 $61,671.20 $1,046.65 $0.00 $348.70 $63,066.55
53 $63,066.55 $1,046.65 $0.00 $356.59 $64,469.79
54 $64,469.79 $1,046.65 $0.00 $364.52 $65,880.96
55 $65,880.96 $1,046.65 $0.00 $372.50 $67,300.11
56 $67,300.11 $1,046.65 $0.00 $380.52 $68,727.28
57 $68,727.28 $1,046.65 $0.00 $388.59 $70,162.52
58 $70,162.52 $1,046.65 $0.00 $396.71 $71,605.88
59 $71,605.88 $1,046.65 $0.00 $404.87 $73,057.40
60 $73,057.40 $1,046.65 $0.00 $413.08 $74,517.13
61 $74,517.13 $1,046.65 $0.00 $421.33 $75,985.11
62 $75,985.11 $1,046.65 $0.00 $429.63 $77,461.39
63 $77,461.39 $1,046.65 $0.00 $437.98 $78,946.02
64 $78,946.02 $1,046.65 $0.00 $446.37 $80,439.04
65 $80,439.04 $1,046.65 $0.00 $454.81 $81,940.50
66 $81,940.50 $1,046.65 $0.00 $463.30 $83,450.45
67 $83,450.45 $1,046.65 $0.00 $471.84 $84,968.94
68 $84,968.94 $1,046.65 $0.00 $480.43 $86,496.02
69 $86,496.02 $1,046.65 $0.00 $489.06 $88,031.73
70 $88,031.73 $1,046.65 $0.00 $497.74 $89,576.12
71 $89,576.12 $1,046.65 $0.00 $506.48 $91,129.25
72 $91,129.25 $1,046.65 $0.00 $515.26 $92,691.16
73 $92,691.16 $1,046.65 $0.00 $524.09 $94,261.90
74 $94,261.90 $1,046.65 $0.00 $532.97 $95,841.52
75 $95,841.52 $1,046.65 $0.00 $541.90 $97,430.07
76 $97,430.07 $1,046.65 $0.00 $550.88 $99,027.60
77 $99,027.60 $1,046.65 $0.00 $559.92 $100,634.17
78 $100,634.17 $1,046.65 $0.00 $569.00 $102,249.82
79 $102,249.82 $1,046.65 $0.00 $578.14 $103,874.61
80 $103,874.61 $1,046.65 $0.00 $587.32 $105,508.58
81 $105,508.58 $1,046.65 $0.00 $596.56 $107,151.79
82 $107,151.79 $1,046.65 $0.00 $605.85 $108,804.29
83 $108,804.29 $1,046.65 $0.00 $615.20 $110,466.14
84 $110,466.14 $1,046.65 $0.00 $624.59 $112,137.38
85 $112,137.38 $1,046.65 $0.00 $634.04 $113,818.07
86 $113,818.07 $1,046.65 $0.00 $643.54 $115,508.26
87 $115,508.26 $1,046.65 $0.00 $653.10 $117,208.01
88 $117,208.01 $1,046.65 $0.00 $662.71 $118,917.37
89 $118,917.37 $1,046.65 $0.00 $672.38 $120,636.40
90 $120,636.40 $1,046.65 $0.00 $682.10 $122,365.15
91 $122,365.15 $1,046.65 $0.00 $691.87 $124,103.67
92 $124,103.67 $1,046.65 $0.00 $701.70 $125,852.02
93 $125,852.02 $1,046.65 $0.00 $711.59 $127,610.26
94 $127,610.26 $1,046.65 $0.00 $721.53 $129,378.44
95 $129,378.44 $1,046.65 $0.00 $731.52 $131,156.61
96 $131,156.61 $1,046.65 $0.00 $741.58 $132,944.84
97 $132,944.84 $1,046.65 $0.00 $751.69 $134,743.18
98 $134,743.18 $1,046.65 $0.00 $761.86 $136,551.69
99 $136,551.69 $1,046.65 $0.00 $772.08 $138,370.42
100 $138,370.42 $1,046.65 $0.00 $782.37 $140,199.44
101 $140,199.44 $1,046.65 $0.00 $792.71 $142,038.80
102 $142,038.80 $1,046.65 $0.00 $803.11 $143,888.56
103 $143,888.56 $1,046.65 $0.00 $813.57 $145,748.78
104 $145,748.78 $1,046.65 $0.00 $824.08 $147,619.51
105 $147,619.51 $1,046.65 $0.00 $834.66 $149,500.82
106 $149,500.82 $1,046.65 $0.00 $845.30 $151,392.77
107 $151,392.77 $1,046.65 $0.00 $856.00 $153,295.42
108 $153,295.42 $1,046.65 $0.00 $866.75 $155,208.82
109 $155,208.82 $1,046.65 $0.00 $877.57 $157,133.04
110 $157,133.04 $1,046.65 $0.00 $888.45 $159,068.14
111 $159,068.14 $1,046.65 $0.00 $899.39 $161,014.18
112 $161,014.18 $1,046.65 $0.00 $910.40 $162,971.23
113 $162,971.23 $1,046.65 $0.00 $921.46 $164,939.34
114 $164,939.34 $1,046.65 $0.00 $932.59 $166,918.58
115 $166,918.58 $1,046.65 $0.00 $943.78 $168,909.01
116 $168,909.01 $1,046.65 $0.00 $955.04 $170,910.70
117 $170,910.70 $1,046.65 $0.00 $966.35 $172,923.70
118 $172,923.70 $1,046.65 $0.00 $977.74 $174,948.09
119 $174,948.09 $1,046.65 $0.00 $989.18 $176,983.92
120 $176,983.92 $1,046.65 $0.00 $1,000.69 $179,031.26
121 $179,031.26 $1,046.65 $0.00 $1,012.27 $181,090.18
122 $181,090.18 $1,046.65 $0.00 $1,023.91 $183,160.74
123 $183,160.74 $1,046.65 $0.00 $1,035.62 $185,243.01
124 $185,243.01 $1,046.65 $0.00 $1,047.39 $187,337.05
125 $187,337.05 $1,046.65 $0.00 $1,059.23 $189,442.93
126 $189,442.93 $1,046.65 $0.00 $1,071.14 $191,560.72
127 $191,560.72 $1,046.65 $0.00 $1,083.11 $193,690.48
128 $193,690.48 $1,046.65 $0.00 $1,095.15 $195,832.28
129 $195,832.28 $1,046.65 $0.00 $1,107.26 $197,986.19
130 $197,986.19 $1,046.65 $0.00 $1,119.44 $200,152.28
131 $200,152.28 $1,046.65 $0.00 $1,131.69 $202,330.62
132 $202,330.62 $1,046.65 $0.00 $1,144.01 $204,521.28
133 $204,521.28 $1,046.65 $0.00 $1,156.39 $206,724.32
134 $206,724.32 $1,046.65 $0.00 $1,168.85 $208,939.82
135 $208,939.82 $1,046.65 $0.00 $1,181.38 $211,167.85
136 $211,167.85 $1,046.65 $0.00 $1,193.97 $213,408.47
137 $213,408.47 $1,046.65 $0.00 $1,206.64 $215,661.76
138 $215,661.76 $1,046.65 $0.00 $1,219.38 $217,927.79
139 $217,927.79 $1,046.65 $0.00 $1,232.20 $220,206.64
140 $220,206.64 $1,046.65 $0.00 $1,245.08 $222,498.37
141 $222,498.37 $1,046.65 $0.00 $1,258.04 $224,803.06
142 $224,803.06 $1,046.65 $0.00 $1,271.07 $227,120.78
143 $227,120.78 $1,046.65 $0.00 $1,284.17 $229,451.60
144 $229,451.60 $1,046.65 $0.00 $1,297.35 $231,795.60
145 $231,795.60 $1,046.65 $0.00 $1,310.61 $234,152.86
146 $234,152.86 $1,046.65 $0.00 $1,323.93 $236,523.44
147 $236,523.44 $1,046.65 $0.00 $1,337.34 $238,907.43
148 $238,907.43 $1,046.65 $0.00 $1,350.82 $241,304.90
149 $241,304.90 $1,046.65 $0.00 $1,364.37 $243,715.92
150 $243,715.92 $1,046.65 $0.00 $1,378.01 $246,140.58
151 $246,140.58 $1,046.65 $0.00 $1,391.71 $248,578.94
152 $248,578.94 $1,046.65 $0.00 $1,405.50 $251,031.09
153 $251,031.09 $1,046.65 $0.00 $1,419.37 $253,497.11
154 $253,497.11 $1,046.65 $0.00 $1,433.31 $255,977.07
155 $255,977.07 $1,046.65 $0.00 $1,447.33 $258,471.05
156 $258,471.05 $1,046.65 $0.00 $1,461.43 $260,979.13
157 $260,979.13 $1,046.65 $0.00 $1,475.61 $263,501.39
158 $263,501.39 $1,046.65 $0.00 $1,489.88 $266,037.92
159 $266,037.92 $1,046.65 $0.00 $1,504.22 $268,588.79
160 $268,588.79 $1,046.65 $0.00 $1,518.64 $271,154.08
161 $271,154.08 $1,046.65 $0.00 $1,533.14 $273,733.87
162 $273,733.87 $1,046.65 $0.00 $1,547.73 $276,328.25
163 $276,328.25 $1,046.65 $0.00 $1,562.40 $278,937.30
164 $278,937.30 $1,046.65 $0.00 $1,577.15 $281,561.10
165 $281,561.10 $1,046.65 $0.00 $1,591.99 $284,199.74
166 $284,199.74 $1,046.65 $0.00 $1,606.91 $286,853.30
167 $286,853.30 $1,046.65 $0.00 $1,621.91 $289,521.86
168 $289,521.86 $1,046.65 $0.00 $1,637.00 $292,205.51
169 $292,205.51 $1,046.65 $0.00 $1,652.17 $294,904.33
170 $294,904.33 $1,046.65 $0.00 $1,667.43 $297,618.41
171 $297,618.41 $1,046.65 $0.00 $1,682.78 $300,347.84
172 $300,347.84 $1,046.65 $0.00 $1,698.21 $303,092.70
173 $303,092.70 $1,046.65 $0.00 $1,713.73 $305,853.08
174 $305,853.08 $1,046.65 $0.00 $1,729.34 $308,629.07
175 $308,629.07 $1,046.65 $0.00 $1,745.03 $311,420.75
176 $311,420.75 $1,046.65 $0.00 $1,760.82 $314,228.22
177 $314,228.22 $1,046.65 $0.00 $1,776.69 $317,051.56
178 $317,051.56 $1,046.65 $0.00 $1,792.66 $319,890.87
179 $319,890.87 $1,046.65 $0.00 $1,808.71 $322,746.23
180 $322,746.23 $1,046.65 $0.00 $1,824.85 $325,617.73
181 $325,617.73 $1,046.65 $0.00 $1,841.09 $328,505.47
182 $328,505.47 $1,046.65 $0.00 $1,857.42 $331,409.54
183 $331,409.54 $1,046.65 $0.00 $1,873.84 $334,330.03
184 $334,330.03 $1,046.65 $0.00 $1,890.35 $337,267.03
185 $337,267.03 $1,046.65 $0.00 $1,906.96 $340,220.64
186 $340,220.64 $1,046.65 $0.00 $1,923.66 $343,190.95
187 $343,190.95 $1,046.65 $0.00 $1,940.45 $346,178.05
188 $346,178.05 $1,046.65 $0.00 $1,957.34 $349,182.04
189 $349,182.04 $1,046.65 $0.00 $1,974.33 $352,203.02
190 $352,203.02 $1,046.65 $0.00 $1,991.41 $355,241.08
191 $355,241.08 $1,046.65 $0.00 $2,008.58 $358,296.31
192 $358,296.31 $1,046.65 $0.00 $2,025.86 $361,368.82
193 $361,368.82 $1,046.65 $0.00 $2,043.23 $364,458.70
194 $364,458.70 $1,046.65 $0.00 $2,060.70 $367,566.05
195 $367,566.05 $1,046.65 $0.00 $2,078.27 $370,690.97
196 $370,690.97 $1,046.65 $0.00 $2,095.94 $373,833.56
197 $373,833.56 $1,046.65 $0.00 $2,113.71 $376,993.92
198 $376,993.92 $1,046.65 $0.00 $2,131.58 $380,172.15
199 $380,172.15 $1,046.65 $0.00 $2,149.55 $383,368.35
200 $383,368.35 $1,046.65 $0.00 $2,167.62 $386,582.62
201 $386,582.62 $1,046.65 $0.00 $2,185.79 $389,815.06
202 $389,815.06 $1,046.65 $0.00 $2,204.07 $393,065.78
203 $393,065.78 $1,046.65 $0.00 $2,222.45 $396,334.88
204 $396,334.88 $1,046.65 $0.00 $2,240.94 $399,622.47
205 $399,622.47 $1,046.65 $0.00 $2,259.52 $402,928.64
206 $402,928.64 $1,046.65 $0.00 $2,278.22 $406,253.51
207 $406,253.51 $1,046.65 $0.00 $2,297.02 $409,597.18
208 $409,597.18 $1,046.65 $0.00 $2,315.92 $412,959.75
209 $412,959.75 $1,046.65 $0.00 $2,334.93 $416,341.33
210 $416,341.33 $1,046.65 $0.00 $2,354.05 $419,742.03
211 $419,742.03 $1,046.65 $0.00 $2,373.28 $423,161.96
212 $423,161.96 $1,046.65 $0.00 $2,392.62 $426,601.23
213 $426,601.23 $1,046.65 $0.00 $2,412.07 $430,059.95
214 $430,059.95 $1,046.65 $0.00 $2,431.62 $433,538.22
215 $433,538.22 $1,046.65 $0.00 $2,451.29 $437,036.16
216 $437,036.16 $1,046.65 $0.00 $2,471.07 $440,553.88
217 $440,553.88 $1,046.65 $119,311.61 $2,490.96 $324,779.88
218 $324,779.88 $1,046.65 $0.00 $1,836.35 $327,662.88
219 $327,662.88 $1,046.65 $0.00 $1,852.65 $330,562.18
220 $330,562.18 $1,046.65 $0.00 $1,869.05 $333,477.88
221 $333,477.88 $1,046.65 $0.00 $1,885.53 $336,410.06
222 $336,410.06 $1,046.65 $0.00 $1,902.11 $339,358.82
223 $339,358.82 $1,046.65 $0.00 $1,918.78 $342,324.25
224 $342,324.25 $1,046.65 $0.00 $1,935.55 $345,306.45
225 $345,306.45 $1,046.65 $0.00 $1,952.41 $348,305.51
226 $348,305.51 $1,046.65 $0.00 $1,969.37 $351,321.53
227 $351,321.53 $1,046.65 $0.00 $1,986.42 $354,354.60
228 $354,354.60 $1,046.65 $0.00 $2,003.57 $357,404.82
229 $357,404.82 $1,046.65 $127,663.42 $2,020.82 $232,808.87
230 $232,808.87 $1,046.65 $0.00 $1,316.34 $235,171.86
231 $235,171.86 $1,046.65 $0.00 $1,329.70 $237,548.21
232 $237,548.21 $1,046.65 $0.00 $1,343.13 $239,937.99
233 $239,937.99 $1,046.65 $0.00 $1,356.64 $242,341.28
234 $242,341.28 $1,046.65 $0.00 $1,370.23 $244,758.16
235 $244,758.16 $1,046.65 $0.00 $1,383.90 $247,188.71
236 $247,188.71 $1,046.65 $0.00 $1,397.64 $249,633.00
237 $249,633.00 $1,046.65 $0.00 $1,411.46 $252,091.11
238 $252,091.11 $1,046.65 $0.00 $1,425.36 $254,563.12
239 $254,563.12 $1,046.65 $0.00 $1,439.34 $257,049.11
240 $257,049.11 $1,046.65 $0.00 $1,453.39 $259,549.15
241 $259,549.15 $1,046.65 $136,599.86 $1,467.53 $125,463.47
242 $125,463.47 $1,046.65 $0.00 $709.39 $127,219.51
243 $127,219.51 $1,046.65 $0.00 $719.32 $128,985.48
244 $128,985.48 $1,046.65 $0.00 $729.30 $130,761.43
245 $130,761.43 $1,046.65 $0.00 $739.34 $132,547.42
246 $132,547.42 $1,046.65 $0.00 $749.44 $134,343.51
247 $134,343.51 $1,046.65 $0.00 $759.60 $136,149.76
248 $136,149.76 $1,046.65 $0.00 $769.81 $137,966.22
249 $137,966.22 $1,046.65 $0.00 $780.08 $139,792.95
250 $139,792.95 $1,046.65 $0.00 $790.41 $141,630.01
251 $141,630.01 $1,046.65 $0.00 $800.80 $143,477.46
252 $143,477.46 $1,046.65 $0.00 $811.24 $145,335.35
253 $145,335.35 $0.00 $146,161.85 $821.75 -$4.75