Savings Plan and Future Cost Estimation for McKendree University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$182,819
Monthly savings required$1,445

How much will it cost to send your child to McKendree University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $731,276.81 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,444.87 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$48,730.00
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 $1,444.87 $0.00 $0.00 $1,444.87
2 $1,444.87 $1,444.87 $0.00 $8.17 $2,897.91
3 $2,897.91 $1,444.87 $0.00 $16.39 $4,359.17
4 $4,359.17 $1,444.87 $0.00 $24.65 $5,828.69
5 $5,828.69 $1,444.87 $0.00 $32.96 $7,306.52
6 $7,306.52 $1,444.87 $0.00 $41.31 $8,792.70
7 $8,792.70 $1,444.87 $0.00 $49.72 $10,287.29
8 $10,287.29 $1,444.87 $0.00 $58.17 $11,790.33
9 $11,790.33 $1,444.87 $0.00 $66.66 $13,301.86
10 $13,301.86 $1,444.87 $0.00 $75.21 $14,821.94
11 $14,821.94 $1,444.87 $0.00 $83.81 $16,350.62
12 $16,350.62 $1,444.87 $0.00 $92.45 $17,887.94
13 $17,887.94 $1,444.87 $0.00 $101.14 $19,433.95
14 $19,433.95 $1,444.87 $0.00 $109.88 $20,988.70
15 $20,988.70 $1,444.87 $0.00 $118.67 $22,552.24
16 $22,552.24 $1,444.87 $0.00 $127.51 $24,124.62
17 $24,124.62 $1,444.87 $0.00 $136.40 $25,705.89
18 $25,705.89 $1,444.87 $0.00 $145.34 $27,296.10
19 $27,296.10 $1,444.87 $0.00 $154.34 $28,895.31
20 $28,895.31 $1,444.87 $0.00 $163.38 $30,503.56
21 $30,503.56 $1,444.87 $0.00 $172.47 $32,120.90
22 $32,120.90 $1,444.87 $0.00 $181.62 $33,747.39
23 $33,747.39 $1,444.87 $0.00 $190.81 $35,383.07
24 $35,383.07 $1,444.87 $0.00 $200.06 $37,028.00
25 $37,028.00 $1,444.87 $0.00 $209.36 $38,682.23
26 $38,682.23 $1,444.87 $0.00 $218.71 $40,345.81
27 $40,345.81 $1,444.87 $0.00 $228.12 $42,018.80
28 $42,018.80 $1,444.87 $0.00 $237.58 $43,701.25
29 $43,701.25 $1,444.87 $0.00 $247.09 $45,393.21
30 $45,393.21 $1,444.87 $0.00 $256.66 $47,094.74
31 $47,094.74 $1,444.87 $0.00 $266.28 $48,805.89
32 $48,805.89 $1,444.87 $0.00 $275.96 $50,526.72
33 $50,526.72 $1,444.87 $0.00 $285.69 $52,257.28
34 $52,257.28 $1,444.87 $0.00 $295.47 $53,997.62
35 $53,997.62 $1,444.87 $0.00 $305.31 $55,747.80
36 $55,747.80 $1,444.87 $0.00 $315.21 $57,507.88
37 $57,507.88 $1,444.87 $0.00 $325.16 $59,277.91
38 $59,277.91 $1,444.87 $0.00 $335.17 $61,057.95
39 $61,057.95 $1,444.87 $0.00 $345.23 $62,848.05
40 $62,848.05 $1,444.87 $0.00 $355.35 $64,648.27
41 $64,648.27 $1,444.87 $0.00 $365.53 $66,458.67
42 $66,458.67 $1,444.87 $0.00 $375.77 $68,279.31
43 $68,279.31 $1,444.87 $0.00 $386.06 $70,110.24
44 $70,110.24 $1,444.87 $0.00 $396.41 $71,951.52
45 $71,951.52 $1,444.87 $0.00 $406.82 $73,803.21
46 $73,803.21 $1,444.87 $0.00 $417.29 $75,665.37
47 $75,665.37 $1,444.87 $0.00 $427.82 $77,538.06
48 $77,538.06 $1,444.87 $0.00 $438.41 $79,421.34
49 $79,421.34 $1,444.87 $0.00 $449.06 $81,315.27
50 $81,315.27 $1,444.87 $0.00 $459.77 $83,219.91
51 $83,219.91 $1,444.87 $0.00 $470.54 $85,135.32
52 $85,135.32 $1,444.87 $0.00 $481.37 $87,061.56
53 $87,061.56 $1,444.87 $0.00 $492.26 $88,998.69
54 $88,998.69 $1,444.87 $0.00 $503.21 $90,946.77
55 $90,946.77 $1,444.87 $0.00 $514.23 $92,905.87
56 $92,905.87 $1,444.87 $0.00 $525.30 $94,876.04
57 $94,876.04 $1,444.87 $0.00 $536.44 $96,857.35
58 $96,857.35 $1,444.87 $0.00 $547.65 $98,849.87
59 $98,849.87 $1,444.87 $0.00 $558.91 $100,853.65
60 $100,853.65 $1,444.87 $0.00 $570.24 $102,868.76
61 $102,868.76 $1,444.87 $0.00 $581.63 $104,895.26
62 $104,895.26 $1,444.87 $0.00 $593.09 $106,933.22
63 $106,933.22 $1,444.87 $0.00 $604.62 $108,982.71
64 $108,982.71 $1,444.87 $0.00 $616.20 $111,043.78
65 $111,043.78 $1,444.87 $0.00 $627.86 $113,116.51
66 $113,116.51 $1,444.87 $0.00 $639.58 $115,200.96
67 $115,200.96 $1,444.87 $0.00 $651.36 $117,297.19
68 $117,297.19 $1,444.87 $0.00 $663.22 $119,405.28
69 $119,405.28 $1,444.87 $0.00 $675.13 $121,525.28
70 $121,525.28 $1,444.87 $0.00 $687.12 $123,657.27
71 $123,657.27 $1,444.87 $0.00 $699.18 $125,801.32
72 $125,801.32 $1,444.87 $0.00 $711.30 $127,957.49
73 $127,957.49 $1,444.87 $0.00 $723.49 $130,125.85
74 $130,125.85 $1,444.87 $0.00 $735.75 $132,306.47
75 $132,306.47 $1,444.87 $0.00 $748.08 $134,499.42
76 $134,499.42 $1,444.87 $0.00 $760.48 $136,704.77
77 $136,704.77 $1,444.87 $0.00 $772.95 $138,922.59
78 $138,922.59 $1,444.87 $0.00 $785.49 $141,152.95
79 $141,152.95 $1,444.87 $0.00 $798.10 $143,395.92
80 $143,395.92 $1,444.87 $0.00 $810.78 $145,651.57
81 $145,651.57 $1,444.87 $0.00 $823.54 $147,919.98
82 $147,919.98 $1,444.87 $0.00 $836.36 $150,201.21
83 $150,201.21 $1,444.87 $0.00 $849.26 $152,495.34
84 $152,495.34 $1,444.87 $0.00 $862.23 $154,802.44
85 $154,802.44 $1,444.87 $0.00 $875.28 $157,122.59
86 $157,122.59 $1,444.87 $0.00 $888.39 $159,455.85
87 $159,455.85 $1,444.87 $0.00 $901.59 $161,802.31
88 $161,802.31 $1,444.87 $0.00 $914.85 $164,162.03
89 $164,162.03 $1,444.87 $0.00 $928.20 $166,535.10
90 $166,535.10 $1,444.87 $0.00 $941.61 $168,921.58
91 $168,921.58 $1,444.87 $0.00 $955.11 $171,321.56
92 $171,321.56 $1,444.87 $0.00 $968.68 $173,735.11
93 $173,735.11 $1,444.87 $0.00 $982.32 $176,162.30
94 $176,162.30 $1,444.87 $0.00 $996.05 $178,603.22
95 $178,603.22 $1,444.87 $0.00 $1,009.85 $181,057.94
96 $181,057.94 $1,444.87 $0.00 $1,023.73 $183,526.54
97 $183,526.54 $1,444.87 $0.00 $1,037.69 $186,009.10
98 $186,009.10 $1,444.87 $0.00 $1,051.72 $188,505.69
99 $188,505.69 $1,444.87 $0.00 $1,065.84 $191,016.40
100 $191,016.40 $1,444.87 $0.00 $1,080.03 $193,541.30
101 $193,541.30 $1,444.87 $0.00 $1,094.31 $196,080.48
102 $196,080.48 $1,444.87 $0.00 $1,108.67 $198,634.02
103 $198,634.02 $1,444.87 $0.00 $1,123.11 $201,202.00
104 $201,202.00 $1,444.87 $0.00 $1,137.63 $203,784.50
105 $203,784.50 $1,444.87 $0.00 $1,152.23 $206,381.60
106 $206,381.60 $1,444.87 $0.00 $1,166.91 $208,993.38
107 $208,993.38 $1,444.87 $0.00 $1,181.68 $211,619.93
108 $211,619.93 $1,444.87 $0.00 $1,196.53 $214,261.33
109 $214,261.33 $1,444.87 $0.00 $1,211.46 $216,917.66
110 $216,917.66 $1,444.87 $0.00 $1,226.48 $219,589.01
111 $219,589.01 $1,444.87 $0.00 $1,241.59 $222,275.47
112 $222,275.47 $1,444.87 $0.00 $1,256.78 $224,977.12
113 $224,977.12 $1,444.87 $0.00 $1,272.05 $227,694.04
114 $227,694.04 $1,444.87 $0.00 $1,287.42 $230,426.33
115 $230,426.33 $1,444.87 $0.00 $1,302.86 $233,174.06
116 $233,174.06 $1,444.87 $0.00 $1,318.40 $235,937.33
117 $235,937.33 $1,444.87 $0.00 $1,334.02 $238,716.22
118 $238,716.22 $1,444.87 $0.00 $1,349.74 $241,510.83
119 $241,510.83 $1,444.87 $0.00 $1,365.54 $244,321.24
120 $244,321.24 $1,444.87 $0.00 $1,381.43 $247,147.54
121 $247,147.54 $1,444.87 $0.00 $1,397.41 $249,989.82
122 $249,989.82 $1,444.87 $0.00 $1,413.48 $252,848.17
123 $252,848.17 $1,444.87 $0.00 $1,429.64 $255,722.68
124 $255,722.68 $1,444.87 $0.00 $1,445.89 $258,613.44
125 $258,613.44 $1,444.87 $0.00 $1,462.24 $261,520.55
126 $261,520.55 $1,444.87 $0.00 $1,478.68 $264,444.10
127 $264,444.10 $1,444.87 $0.00 $1,495.21 $267,384.18
128 $267,384.18 $1,444.87 $0.00 $1,511.83 $270,340.88
129 $270,340.88 $1,444.87 $0.00 $1,528.55 $273,314.30
130 $273,314.30 $1,444.87 $0.00 $1,545.36 $276,304.53
131 $276,304.53 $1,444.87 $0.00 $1,562.27 $279,311.67
132 $279,311.67 $1,444.87 $0.00 $1,579.27 $282,335.81
133 $282,335.81 $1,444.87 $0.00 $1,596.37 $285,377.05
134 $285,377.05 $1,444.87 $0.00 $1,613.56 $288,435.48
135 $288,435.48 $1,444.87 $0.00 $1,630.86 $291,511.21
136 $291,511.21 $1,444.87 $0.00 $1,648.25 $294,604.33
137 $294,604.33 $1,444.87 $0.00 $1,665.74 $297,714.94
138 $297,714.94 $1,444.87 $0.00 $1,683.32 $300,843.13
139 $300,843.13 $1,444.87 $0.00 $1,701.01 $303,989.01
140 $303,989.01 $1,444.87 $0.00 $1,718.80 $307,152.68
141 $307,152.68 $1,444.87 $0.00 $1,736.69 $310,334.24
142 $310,334.24 $1,444.87 $0.00 $1,754.67 $313,533.78
143 $313,533.78 $1,444.87 $0.00 $1,772.77 $316,751.42
144 $316,751.42 $1,444.87 $0.00 $1,790.96 $319,987.25
145 $319,987.25 $1,444.87 $0.00 $1,809.25 $323,241.37
146 $323,241.37 $1,444.87 $0.00 $1,827.65 $326,513.89
147 $326,513.89 $1,444.87 $0.00 $1,846.16 $329,804.92
148 $329,804.92 $1,444.87 $0.00 $1,864.76 $333,114.55
149 $333,114.55 $1,444.87 $0.00 $1,883.48 $336,442.90
150 $336,442.90 $1,444.87 $0.00 $1,902.30 $339,790.07
151 $339,790.07 $1,444.87 $0.00 $1,921.22 $343,156.16
152 $343,156.16 $1,444.87 $0.00 $1,940.25 $346,541.28
153 $346,541.28 $1,444.87 $0.00 $1,959.39 $349,945.54
154 $349,945.54 $1,444.87 $0.00 $1,978.64 $353,369.05
155 $353,369.05 $1,444.87 $0.00 $1,998.00 $356,811.92
156 $356,811.92 $1,444.87 $0.00 $2,017.47 $360,274.26
157 $360,274.26 $1,444.87 $0.00 $2,037.04 $363,756.17
158 $363,756.17 $1,444.87 $0.00 $2,056.73 $367,257.77
159 $367,257.77 $1,444.87 $0.00 $2,076.53 $370,779.17
160 $370,779.17 $1,444.87 $0.00 $2,096.44 $374,320.48
161 $374,320.48 $1,444.87 $0.00 $2,116.46 $377,881.81
162 $377,881.81 $1,444.87 $0.00 $2,136.60 $381,463.28
163 $381,463.28 $1,444.87 $0.00 $2,156.85 $385,065.00
164 $385,065.00 $1,444.87 $0.00 $2,177.21 $388,687.08
165 $388,687.08 $1,444.87 $0.00 $2,197.69 $392,329.64
166 $392,329.64 $1,444.87 $0.00 $2,218.29 $395,992.80
167 $395,992.80 $1,444.87 $0.00 $2,239.00 $399,676.67
168 $399,676.67 $1,444.87 $0.00 $2,259.83 $403,381.37
169 $403,381.37 $1,444.87 $0.00 $2,280.78 $407,107.02
170 $407,107.02 $1,444.87 $0.00 $2,301.84 $410,853.73
171 $410,853.73 $1,444.87 $0.00 $2,323.03 $414,621.63
172 $414,621.63 $1,444.87 $0.00 $2,344.33 $418,410.83
173 $418,410.83 $1,444.87 $0.00 $2,365.76 $422,221.46
174 $422,221.46 $1,444.87 $0.00 $2,387.30 $426,053.63
175 $426,053.63 $1,444.87 $0.00 $2,408.97 $429,907.47
176 $429,907.47 $1,444.87 $0.00 $2,430.76 $433,783.10
177 $433,783.10 $1,444.87 $0.00 $2,452.67 $437,680.64
178 $437,680.64 $1,444.87 $0.00 $2,474.71 $441,600.22
179 $441,600.22 $1,444.87 $0.00 $2,496.87 $445,541.96
180 $445,541.96 $1,444.87 $0.00 $2,519.16 $449,505.99
181 $449,505.99 $1,444.87 $0.00 $2,541.57 $453,492.43
182 $453,492.43 $1,444.87 $0.00 $2,564.11 $457,501.41
183 $457,501.41 $1,444.87 $0.00 $2,586.78 $461,533.06
184 $461,533.06 $1,444.87 $0.00 $2,609.58 $465,587.51
185 $465,587.51 $1,444.87 $0.00 $2,632.50 $469,664.88
186 $469,664.88 $1,444.87 $0.00 $2,655.55 $473,765.30
187 $473,765.30 $1,444.87 $0.00 $2,678.74 $477,888.91
188 $477,888.91 $1,444.87 $0.00 $2,702.05 $482,035.83
189 $482,035.83 $1,444.87 $0.00 $2,725.50 $486,206.20
190 $486,206.20 $1,444.87 $0.00 $2,749.08 $490,400.15
191 $490,400.15 $1,444.87 $0.00 $2,772.79 $494,617.81
192 $494,617.81 $1,444.87 $0.00 $2,796.64 $498,859.32
193 $498,859.32 $1,444.87 $0.00 $2,820.62 $503,124.81
194 $503,124.81 $1,444.87 $0.00 $2,844.74 $507,414.42
195 $507,414.42 $1,444.87 $0.00 $2,868.99 $511,728.28
196 $511,728.28 $1,444.87 $0.00 $2,893.39 $516,066.54
197 $516,066.54 $1,444.87 $0.00 $2,917.92 $520,429.33
198 $520,429.33 $1,444.87 $0.00 $2,942.58 $524,816.78
199 $524,816.78 $1,444.87 $0.00 $2,967.39 $529,229.04
200 $529,229.04 $1,444.87 $0.00 $2,992.34 $533,666.25
201 $533,666.25 $1,444.87 $0.00 $3,017.43 $538,128.55
202 $538,128.55 $1,444.87 $0.00 $3,042.66 $542,616.08
203 $542,616.08 $1,444.87 $0.00 $3,068.03 $547,128.98
204 $547,128.98 $1,444.87 $0.00 $3,093.55 $551,667.40
205 $551,667.40 $1,444.87 $0.00 $3,119.21 $556,231.48
206 $556,231.48 $1,444.87 $0.00 $3,145.01 $560,821.36
207 $560,821.36 $1,444.87 $0.00 $3,170.97 $565,437.20
208 $565,437.20 $1,444.87 $0.00 $3,197.06 $570,079.13
209 $570,079.13 $1,444.87 $0.00 $3,223.31 $574,747.31
210 $574,747.31 $1,444.87 $0.00 $3,249.70 $579,441.88
211 $579,441.88 $1,444.87 $0.00 $3,276.25 $584,163.00
212 $584,163.00 $1,444.87 $0.00 $3,302.94 $588,910.81
213 $588,910.81 $1,444.87 $0.00 $3,329.79 $593,685.47
214 $593,685.47 $1,444.87 $0.00 $3,356.78 $598,487.12
215 $598,487.12 $1,444.87 $0.00 $3,383.93 $603,315.92
216 $603,315.92 $1,444.87 $0.00 $3,411.24 $608,172.03
217 $608,172.03 $1,444.87 $164,704.10 $3,438.69 $448,351.49
218 $448,351.49 $1,444.87 $0.00 $2,535.04 $452,331.40
219 $452,331.40 $1,444.87 $0.00 $2,557.55 $456,333.82
220 $456,333.82 $1,444.87 $0.00 $2,580.18 $460,358.87
221 $460,358.87 $1,444.87 $0.00 $2,602.94 $464,406.68
222 $464,406.68 $1,444.87 $0.00 $2,625.82 $468,477.37
223 $468,477.37 $1,444.87 $0.00 $2,648.84 $472,571.08
224 $472,571.08 $1,444.87 $0.00 $2,671.99 $476,687.94
225 $476,687.94 $1,444.87 $0.00 $2,695.26 $480,828.07
226 $480,828.07 $1,444.87 $0.00 $2,718.67 $484,991.61
227 $484,991.61 $1,444.87 $0.00 $2,742.21 $489,178.69
228 $489,178.69 $1,444.87 $0.00 $2,765.89 $493,389.45
229 $493,389.45 $1,444.87 $176,233.39 $2,789.70 $321,390.63
230 $321,390.63 $1,444.87 $0.00 $1,817.19 $324,652.69
231 $324,652.69 $1,444.87 $0.00 $1,835.63 $327,933.19
232 $327,933.19 $1,444.87 $0.00 $1,854.18 $331,232.24
233 $331,232.24 $1,444.87 $0.00 $1,872.84 $334,549.95
234 $334,549.95 $1,444.87 $0.00 $1,891.59 $337,886.41
235 $337,886.41 $1,444.87 $0.00 $1,910.46 $341,241.74
236 $341,241.74 $1,444.87 $0.00 $1,929.43 $344,616.04
237 $344,616.04 $1,444.87 $0.00 $1,948.51 $348,009.42
238 $348,009.42 $1,444.87 $0.00 $1,967.70 $351,421.99
239 $351,421.99 $1,444.87 $0.00 $1,986.99 $354,853.85
240 $354,853.85 $1,444.87 $0.00 $2,006.40 $358,305.12
241 $358,305.12 $1,444.87 $188,569.72 $2,025.91 $173,206.18
242 $173,206.18 $1,444.87 $0.00 $979.33 $175,630.38
243 $175,630.38 $1,444.87 $0.00 $993.04 $178,068.29
244 $178,068.29 $1,444.87 $0.00 $1,006.82 $180,519.98
245 $180,519.98 $1,444.87 $0.00 $1,020.69 $182,985.54
246 $182,985.54 $1,444.87 $0.00 $1,034.63 $185,465.04
247 $185,465.04 $1,444.87 $0.00 $1,048.65 $187,958.56
248 $187,958.56 $1,444.87 $0.00 $1,062.75 $190,466.18
249 $190,466.18 $1,444.87 $0.00 $1,076.92 $192,987.97
250 $192,987.97 $1,444.87 $0.00 $1,091.18 $195,524.02
251 $195,524.02 $1,444.87 $0.00 $1,105.52 $198,074.41
252 $198,074.41 $1,444.87 $0.00 $1,119.94 $200,639.22
253 $200,639.22 $0.00 $201,769.60 $1,134.44 $4.06