Savings Plan and Future Cost Estimation for Illinois Wesleyan University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$257,860
Monthly savings required$2,038

How much will it cost to send your child to Illinois Wesleyan University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $1,031,440.96 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $2,037.94 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$68,732.00
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 $2,037.94 $0.00 $0.00 $2,037.94
2 $2,037.94 $2,037.94 $0.00 $11.52 $4,087.40
3 $4,087.40 $2,037.94 $0.00 $23.11 $6,148.45
4 $6,148.45 $2,037.94 $0.00 $34.76 $8,221.15
5 $8,221.15 $2,037.94 $0.00 $46.48 $10,305.57
6 $10,305.57 $2,037.94 $0.00 $58.27 $12,401.78
7 $12,401.78 $2,037.94 $0.00 $70.12 $14,509.84
8 $14,509.84 $2,037.94 $0.00 $82.04 $16,629.82
9 $16,629.82 $2,037.94 $0.00 $94.03 $18,761.79
10 $18,761.79 $2,037.94 $0.00 $106.08 $20,905.81
11 $20,905.81 $2,037.94 $0.00 $118.20 $23,061.95
12 $23,061.95 $2,037.94 $0.00 $130.40 $25,230.29
13 $25,230.29 $2,037.94 $0.00 $142.66 $27,410.89
14 $27,410.89 $2,037.94 $0.00 $154.99 $29,603.82
15 $29,603.82 $2,037.94 $0.00 $167.38 $31,809.14
16 $31,809.14 $2,037.94 $0.00 $179.85 $34,026.93
17 $34,026.93 $2,037.94 $0.00 $192.39 $36,257.26
18 $36,257.26 $2,037.94 $0.00 $205.00 $38,500.20
19 $38,500.20 $2,037.94 $0.00 $217.69 $40,755.83
20 $40,755.83 $2,037.94 $0.00 $230.44 $43,024.21
21 $43,024.21 $2,037.94 $0.00 $243.27 $45,305.42
22 $45,305.42 $2,037.94 $0.00 $256.16 $47,599.52
23 $47,599.52 $2,037.94 $0.00 $269.13 $49,906.59
24 $49,906.59 $2,037.94 $0.00 $282.18 $52,226.71
25 $52,226.71 $2,037.94 $0.00 $295.30 $54,559.95
26 $54,559.95 $2,037.94 $0.00 $308.49 $56,906.38
27 $56,906.38 $2,037.94 $0.00 $321.76 $59,266.08
28 $59,266.08 $2,037.94 $0.00 $335.10 $61,639.12
29 $61,639.12 $2,037.94 $0.00 $348.52 $64,025.58
30 $64,025.58 $2,037.94 $0.00 $362.01 $66,425.53
31 $66,425.53 $2,037.94 $0.00 $375.58 $68,839.05
32 $68,839.05 $2,037.94 $0.00 $389.23 $71,266.22
33 $71,266.22 $2,037.94 $0.00 $402.95 $73,707.11
34 $73,707.11 $2,037.94 $0.00 $416.75 $76,161.80
35 $76,161.80 $2,037.94 $0.00 $430.63 $78,630.37
36 $78,630.37 $2,037.94 $0.00 $444.59 $81,112.90
37 $81,112.90 $2,037.94 $0.00 $458.62 $83,609.46
38 $83,609.46 $2,037.94 $0.00 $472.74 $86,120.14
39 $86,120.14 $2,037.94 $0.00 $486.94 $88,645.02
40 $88,645.02 $2,037.94 $0.00 $501.21 $91,184.17
41 $91,184.17 $2,037.94 $0.00 $515.57 $93,737.68
42 $93,737.68 $2,037.94 $0.00 $530.01 $96,305.63
43 $96,305.63 $2,037.94 $0.00 $544.53 $98,888.10
44 $98,888.10 $2,037.94 $0.00 $559.13 $101,485.17
45 $101,485.17 $2,037.94 $0.00 $573.81 $104,096.92
46 $104,096.92 $2,037.94 $0.00 $588.58 $106,723.44
47 $106,723.44 $2,037.94 $0.00 $603.43 $109,364.81
48 $109,364.81 $2,037.94 $0.00 $618.36 $112,021.11
49 $112,021.11 $2,037.94 $0.00 $633.38 $114,692.43
50 $114,692.43 $2,037.94 $0.00 $648.49 $117,378.86
51 $117,378.86 $2,037.94 $0.00 $663.68 $120,080.48
52 $120,080.48 $2,037.94 $0.00 $678.95 $122,797.37
53 $122,797.37 $2,037.94 $0.00 $694.31 $125,529.62
54 $125,529.62 $2,037.94 $0.00 $709.76 $128,277.32
55 $128,277.32 $2,037.94 $0.00 $725.30 $131,040.56
56 $131,040.56 $2,037.94 $0.00 $740.92 $133,819.42
57 $133,819.42 $2,037.94 $0.00 $756.63 $136,613.99
58 $136,613.99 $2,037.94 $0.00 $772.44 $139,424.37
59 $139,424.37 $2,037.94 $0.00 $788.33 $142,250.64
60 $142,250.64 $2,037.94 $0.00 $804.31 $145,092.89
61 $145,092.89 $2,037.94 $0.00 $820.38 $147,951.21
62 $147,951.21 $2,037.94 $0.00 $836.54 $150,825.69
63 $150,825.69 $2,037.94 $0.00 $852.79 $153,716.42
64 $153,716.42 $2,037.94 $0.00 $869.13 $156,623.49
65 $156,623.49 $2,037.94 $0.00 $885.57 $159,547.00
66 $159,547.00 $2,037.94 $0.00 $902.10 $162,487.04
67 $162,487.04 $2,037.94 $0.00 $918.73 $165,443.71
68 $165,443.71 $2,037.94 $0.00 $935.44 $168,417.09
69 $168,417.09 $2,037.94 $0.00 $952.25 $171,407.28
70 $171,407.28 $2,037.94 $0.00 $969.16 $174,414.38
71 $174,414.38 $2,037.94 $0.00 $986.16 $177,438.48
72 $177,438.48 $2,037.94 $0.00 $1,003.26 $180,479.68
73 $180,479.68 $2,037.94 $0.00 $1,020.46 $183,538.08
74 $183,538.08 $2,037.94 $0.00 $1,037.75 $186,613.77
75 $186,613.77 $2,037.94 $0.00 $1,055.14 $189,706.85
76 $189,706.85 $2,037.94 $0.00 $1,072.63 $192,817.42
77 $192,817.42 $2,037.94 $0.00 $1,090.22 $195,945.58
78 $195,945.58 $2,037.94 $0.00 $1,107.90 $199,091.42
79 $199,091.42 $2,037.94 $0.00 $1,125.69 $202,255.05
80 $202,255.05 $2,037.94 $0.00 $1,143.58 $205,436.57
81 $205,436.57 $2,037.94 $0.00 $1,161.57 $208,636.08
82 $208,636.08 $2,037.94 $0.00 $1,179.66 $211,853.68
83 $211,853.68 $2,037.94 $0.00 $1,197.85 $215,089.47
84 $215,089.47 $2,037.94 $0.00 $1,216.15 $218,343.56
85 $218,343.56 $2,037.94 $0.00 $1,234.55 $221,616.05
86 $221,616.05 $2,037.94 $0.00 $1,253.05 $224,907.04
87 $224,907.04 $2,037.94 $0.00 $1,271.66 $228,216.64
88 $228,216.64 $2,037.94 $0.00 $1,290.37 $231,544.95
89 $231,544.95 $2,037.94 $0.00 $1,309.19 $234,892.08
90 $234,892.08 $2,037.94 $0.00 $1,328.11 $238,258.13
91 $238,258.13 $2,037.94 $0.00 $1,347.15 $241,643.22
92 $241,643.22 $2,037.94 $0.00 $1,366.29 $245,047.45
93 $245,047.45 $2,037.94 $0.00 $1,385.53 $248,470.92
94 $248,470.92 $2,037.94 $0.00 $1,404.89 $251,913.75
95 $251,913.75 $2,037.94 $0.00 $1,424.36 $255,376.05
96 $255,376.05 $2,037.94 $0.00 $1,443.93 $258,857.92
97 $258,857.92 $2,037.94 $0.00 $1,463.62 $262,359.48
98 $262,359.48 $2,037.94 $0.00 $1,483.42 $265,880.84
99 $265,880.84 $2,037.94 $0.00 $1,503.33 $269,422.11
100 $269,422.11 $2,037.94 $0.00 $1,523.35 $272,983.40
101 $272,983.40 $2,037.94 $0.00 $1,543.49 $276,564.83
102 $276,564.83 $2,037.94 $0.00 $1,563.74 $280,166.51
103 $280,166.51 $2,037.94 $0.00 $1,584.10 $283,788.55
104 $283,788.55 $2,037.94 $0.00 $1,604.58 $287,431.07
105 $287,431.07 $2,037.94 $0.00 $1,625.18 $291,094.19
106 $291,094.19 $2,037.94 $0.00 $1,645.89 $294,778.02
107 $294,778.02 $2,037.94 $0.00 $1,666.72 $298,482.68
108 $298,482.68 $2,037.94 $0.00 $1,687.66 $302,208.28
109 $302,208.28 $2,037.94 $0.00 $1,708.73 $305,954.95
110 $305,954.95 $2,037.94 $0.00 $1,729.91 $309,722.80
111 $309,722.80 $2,037.94 $0.00 $1,751.22 $313,511.96
112 $313,511.96 $2,037.94 $0.00 $1,772.64 $317,322.54
113 $317,322.54 $2,037.94 $0.00 $1,794.19 $321,154.67
114 $321,154.67 $2,037.94 $0.00 $1,815.86 $325,008.47
115 $325,008.47 $2,037.94 $0.00 $1,837.65 $328,884.06
116 $328,884.06 $2,037.94 $0.00 $1,859.56 $332,781.56
117 $332,781.56 $2,037.94 $0.00 $1,881.60 $336,701.10
118 $336,701.10 $2,037.94 $0.00 $1,903.76 $340,642.80
119 $340,642.80 $2,037.94 $0.00 $1,926.04 $344,606.78
120 $344,606.78 $2,037.94 $0.00 $1,948.46 $348,593.18
121 $348,593.18 $2,037.94 $0.00 $1,971.00 $352,602.12
122 $352,602.12 $2,037.94 $0.00 $1,993.66 $356,633.72
123 $356,633.72 $2,037.94 $0.00 $2,016.46 $360,688.12
124 $360,688.12 $2,037.94 $0.00 $2,039.38 $364,765.44
125 $364,765.44 $2,037.94 $0.00 $2,062.44 $368,865.82
126 $368,865.82 $2,037.94 $0.00 $2,085.62 $372,989.38
127 $372,989.38 $2,037.94 $0.00 $2,108.94 $377,136.26
128 $377,136.26 $2,037.94 $0.00 $2,132.38 $381,306.58
129 $381,306.58 $2,037.94 $0.00 $2,155.96 $385,500.48
130 $385,500.48 $2,037.94 $0.00 $2,179.68 $389,718.10
131 $389,718.10 $2,037.94 $0.00 $2,203.52 $393,959.56
132 $393,959.56 $2,037.94 $0.00 $2,227.50 $398,225.00
133 $398,225.00 $2,037.94 $0.00 $2,251.62 $402,514.56
134 $402,514.56 $2,037.94 $0.00 $2,275.88 $406,828.38
135 $406,828.38 $2,037.94 $0.00 $2,300.27 $411,166.59
136 $411,166.59 $2,037.94 $0.00 $2,324.80 $415,529.33
137 $415,529.33 $2,037.94 $0.00 $2,349.46 $419,916.73
138 $419,916.73 $2,037.94 $0.00 $2,374.27 $424,328.94
139 $424,328.94 $2,037.94 $0.00 $2,399.22 $428,766.10
140 $428,766.10 $2,037.94 $0.00 $2,424.31 $433,228.35
141 $433,228.35 $2,037.94 $0.00 $2,449.54 $437,715.83
142 $437,715.83 $2,037.94 $0.00 $2,474.91 $442,228.68
143 $442,228.68 $2,037.94 $0.00 $2,500.43 $446,767.05
144 $446,767.05 $2,037.94 $0.00 $2,526.09 $451,331.08
145 $451,331.08 $2,037.94 $0.00 $2,551.89 $455,920.91
146 $455,920.91 $2,037.94 $0.00 $2,577.84 $460,536.69
147 $460,536.69 $2,037.94 $0.00 $2,603.94 $465,178.57
148 $465,178.57 $2,037.94 $0.00 $2,630.19 $469,846.70
149 $469,846.70 $2,037.94 $0.00 $2,656.58 $474,541.22
150 $474,541.22 $2,037.94 $0.00 $2,683.13 $479,262.29
151 $479,262.29 $2,037.94 $0.00 $2,709.82 $484,010.05
152 $484,010.05 $2,037.94 $0.00 $2,736.66 $488,784.65
153 $488,784.65 $2,037.94 $0.00 $2,763.66 $493,586.25
154 $493,586.25 $2,037.94 $0.00 $2,790.81 $498,415.00
155 $498,415.00 $2,037.94 $0.00 $2,818.11 $503,271.05
156 $503,271.05 $2,037.94 $0.00 $2,845.57 $508,154.56
157 $508,154.56 $2,037.94 $0.00 $2,873.18 $513,065.68
158 $513,065.68 $2,037.94 $0.00 $2,900.95 $518,004.57
159 $518,004.57 $2,037.94 $0.00 $2,928.87 $522,971.38
160 $522,971.38 $2,037.94 $0.00 $2,956.96 $527,966.28
161 $527,966.28 $2,037.94 $0.00 $2,985.20 $532,989.42
162 $532,989.42 $2,037.94 $0.00 $3,013.60 $538,040.96
163 $538,040.96 $2,037.94 $0.00 $3,042.16 $543,121.06
164 $543,121.06 $2,037.94 $0.00 $3,070.89 $548,229.89
165 $548,229.89 $2,037.94 $0.00 $3,099.77 $553,367.60
166 $553,367.60 $2,037.94 $0.00 $3,128.82 $558,534.36
167 $558,534.36 $2,037.94 $0.00 $3,158.03 $563,730.33
168 $563,730.33 $2,037.94 $0.00 $3,187.41 $568,955.68
169 $568,955.68 $2,037.94 $0.00 $3,216.96 $574,210.58
170 $574,210.58 $2,037.94 $0.00 $3,246.67 $579,495.19
171 $579,495.19 $2,037.94 $0.00 $3,276.55 $584,809.68
172 $584,809.68 $2,037.94 $0.00 $3,306.60 $590,154.22
173 $590,154.22 $2,037.94 $0.00 $3,336.82 $595,528.98
174 $595,528.98 $2,037.94 $0.00 $3,367.21 $600,934.13
175 $600,934.13 $2,037.94 $0.00 $3,397.77 $606,369.84
176 $606,369.84 $2,037.94 $0.00 $3,428.50 $611,836.28
177 $611,836.28 $2,037.94 $0.00 $3,459.41 $617,333.63
178 $617,333.63 $2,037.94 $0.00 $3,490.49 $622,862.06
179 $622,862.06 $2,037.94 $0.00 $3,521.75 $628,421.75
180 $628,421.75 $2,037.94 $0.00 $3,553.19 $634,012.88
181 $634,012.88 $2,037.94 $0.00 $3,584.80 $639,635.62
182 $639,635.62 $2,037.94 $0.00 $3,616.59 $645,290.15
183 $645,290.15 $2,037.94 $0.00 $3,648.56 $650,976.65
184 $650,976.65 $2,037.94 $0.00 $3,680.72 $656,695.31
185 $656,695.31 $2,037.94 $0.00 $3,713.05 $662,446.30
186 $662,446.30 $2,037.94 $0.00 $3,745.57 $668,229.81
187 $668,229.81 $2,037.94 $0.00 $3,778.27 $674,046.02
188 $674,046.02 $2,037.94 $0.00 $3,811.15 $679,895.11
189 $679,895.11 $2,037.94 $0.00 $3,844.23 $685,777.28
190 $685,777.28 $2,037.94 $0.00 $3,877.48 $691,692.70
191 $691,692.70 $2,037.94 $0.00 $3,910.93 $697,641.57
192 $697,641.57 $2,037.94 $0.00 $3,944.57 $703,624.08
193 $703,624.08 $2,037.94 $0.00 $3,978.39 $709,640.41
194 $709,640.41 $2,037.94 $0.00 $4,012.41 $715,690.76
195 $715,690.76 $2,037.94 $0.00 $4,046.62 $721,775.32
196 $721,775.32 $2,037.94 $0.00 $4,081.02 $727,894.28
197 $727,894.28 $2,037.94 $0.00 $4,115.62 $734,047.84
198 $734,047.84 $2,037.94 $0.00 $4,150.41 $740,236.19
199 $740,236.19 $2,037.94 $0.00 $4,185.40 $746,459.53
200 $746,459.53 $2,037.94 $0.00 $4,220.59 $752,718.06
201 $752,718.06 $2,037.94 $0.00 $4,255.98 $759,011.98
202 $759,011.98 $2,037.94 $0.00 $4,291.56 $765,341.48
203 $765,341.48 $2,037.94 $0.00 $4,327.35 $771,706.77
204 $771,706.77 $2,037.94 $0.00 $4,363.34 $778,108.05
205 $778,108.05 $2,037.94 $0.00 $4,399.54 $784,545.53
206 $784,545.53 $2,037.94 $0.00 $4,435.93 $791,019.40
207 $791,019.40 $2,037.94 $0.00 $4,472.54 $797,529.88
208 $797,529.88 $2,037.94 $0.00 $4,509.35 $804,077.17
209 $804,077.17 $2,037.94 $0.00 $4,546.37 $810,661.48
210 $810,661.48 $2,037.94 $0.00 $4,583.60 $817,283.02
211 $817,283.02 $2,037.94 $0.00 $4,621.04 $823,942.00
212 $823,942.00 $2,037.94 $0.00 $4,658.69 $830,638.63
213 $830,638.63 $2,037.94 $0.00 $4,696.55 $837,373.12
214 $837,373.12 $2,037.94 $0.00 $4,734.63 $844,145.69
215 $844,145.69 $2,037.94 $0.00 $4,772.92 $850,956.55
216 $850,956.55 $2,037.94 $0.00 $4,811.43 $857,805.92
217 $857,805.92 $2,037.94 $232,309.51 $4,850.16 $632,384.51
218 $632,384.51 $2,037.94 $0.00 $3,575.59 $637,998.04
219 $637,998.04 $2,037.94 $0.00 $3,607.33 $643,643.31
220 $643,643.31 $2,037.94 $0.00 $3,639.25 $649,320.50
221 $649,320.50 $2,037.94 $0.00 $3,671.35 $655,029.79
222 $655,029.79 $2,037.94 $0.00 $3,703.63 $660,771.36
223 $660,771.36 $2,037.94 $0.00 $3,736.10 $666,545.40
224 $666,545.40 $2,037.94 $0.00 $3,768.74 $672,352.08
225 $672,352.08 $2,037.94 $0.00 $3,801.58 $678,191.60
226 $678,191.60 $2,037.94 $0.00 $3,834.59 $684,064.13
227 $684,064.13 $2,037.94 $0.00 $3,867.80 $689,969.87
228 $689,969.87 $2,037.94 $0.00 $3,901.19 $695,909.00
229 $695,909.00 $2,037.94 $248,571.17 $3,934.77 $453,310.54
230 $453,310.54 $2,037.94 $0.00 $2,563.08 $457,911.56
231 $457,911.56 $2,037.94 $0.00 $2,589.10 $462,538.60
232 $462,538.60 $2,037.94 $0.00 $2,615.26 $467,191.80
233 $467,191.80 $2,037.94 $0.00 $2,641.57 $471,871.31
234 $471,871.31 $2,037.94 $0.00 $2,668.03 $476,577.28
235 $476,577.28 $2,037.94 $0.00 $2,694.64 $481,309.86
236 $481,309.86 $2,037.94 $0.00 $2,721.40 $486,069.20
237 $486,069.20 $2,037.94 $0.00 $2,748.31 $490,855.45
238 $490,855.45 $2,037.94 $0.00 $2,775.37 $495,668.76
239 $495,668.76 $2,037.94 $0.00 $2,802.58 $500,509.28
240 $500,509.28 $2,037.94 $0.00 $2,829.95 $505,377.17
241 $505,377.17 $2,037.94 $265,971.15 $2,857.48 $244,301.44
242 $244,301.44 $2,037.94 $0.00 $1,381.32 $247,720.70
243 $247,720.70 $2,037.94 $0.00 $1,400.65 $251,159.29
244 $251,159.29 $2,037.94 $0.00 $1,420.09 $254,617.32
245 $254,617.32 $2,037.94 $0.00 $1,439.64 $258,094.90
246 $258,094.90 $2,037.94 $0.00 $1,459.31 $261,592.15
247 $261,592.15 $2,037.94 $0.00 $1,479.08 $265,109.17
248 $265,109.17 $2,037.94 $0.00 $1,498.97 $268,646.08
249 $268,646.08 $2,037.94 $0.00 $1,518.96 $272,202.98
250 $272,202.98 $2,037.94 $0.00 $1,539.08 $275,780.00
251 $275,780.00 $2,037.94 $0.00 $1,559.30 $279,377.24
252 $279,377.24 $2,037.94 $0.00 $1,579.64 $282,994.82
253 $282,994.82 $0.00 $284,589.13 $1,600.09 $5.78