Savings Plan and Future Cost Estimation for Olivet Nazarene University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$193,136
Monthly savings required$1,526

How much will it cost to send your child to Olivet Nazarene University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $772,545.26 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,526.41 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$51,480.00
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 $1,526.41 $0.00 $0.00 $1,526.41
2 $1,526.41 $1,526.41 $0.00 $8.63 $3,061.45
3 $3,061.45 $1,526.41 $0.00 $17.31 $4,605.17
4 $4,605.17 $1,526.41 $0.00 $26.04 $6,157.62
5 $6,157.62 $1,526.41 $0.00 $34.82 $7,718.85
6 $7,718.85 $1,526.41 $0.00 $43.64 $9,288.90
7 $9,288.90 $1,526.41 $0.00 $52.52 $10,867.83
8 $10,867.83 $1,526.41 $0.00 $61.45 $12,455.69
9 $12,455.69 $1,526.41 $0.00 $70.43 $14,052.53
10 $14,052.53 $1,526.41 $0.00 $79.46 $15,658.40
11 $15,658.40 $1,526.41 $0.00 $88.53 $17,273.34
12 $17,273.34 $1,526.41 $0.00 $97.67 $18,897.42
13 $18,897.42 $1,526.41 $0.00 $106.85 $20,530.68
14 $20,530.68 $1,526.41 $0.00 $116.08 $22,173.17
15 $22,173.17 $1,526.41 $0.00 $125.37 $23,824.95
16 $23,824.95 $1,526.41 $0.00 $134.71 $25,486.07
17 $25,486.07 $1,526.41 $0.00 $144.10 $27,156.58
18 $27,156.58 $1,526.41 $0.00 $153.55 $28,836.54
19 $28,836.54 $1,526.41 $0.00 $163.05 $30,526.00
20 $30,526.00 $1,526.41 $0.00 $172.60 $32,225.01
21 $32,225.01 $1,526.41 $0.00 $182.20 $33,933.62
22 $33,933.62 $1,526.41 $0.00 $191.87 $35,651.90
23 $35,651.90 $1,526.41 $0.00 $201.58 $37,379.89
24 $37,379.89 $1,526.41 $0.00 $211.35 $39,117.65
25 $39,117.65 $1,526.41 $0.00 $221.18 $40,865.24
26 $40,865.24 $1,526.41 $0.00 $231.06 $42,622.71
27 $42,622.71 $1,526.41 $0.00 $240.99 $44,390.11
28 $44,390.11 $1,526.41 $0.00 $250.99 $46,167.51
29 $46,167.51 $1,526.41 $0.00 $261.04 $47,954.96
30 $47,954.96 $1,526.41 $0.00 $271.14 $49,752.51
31 $49,752.51 $1,526.41 $0.00 $281.31 $51,560.23
32 $51,560.23 $1,526.41 $0.00 $291.53 $53,378.17
33 $53,378.17 $1,526.41 $0.00 $301.81 $55,206.39
34 $55,206.39 $1,526.41 $0.00 $312.14 $57,044.94
35 $57,044.94 $1,526.41 $0.00 $322.54 $58,893.89
36 $58,893.89 $1,526.41 $0.00 $332.99 $60,753.29
37 $60,753.29 $1,526.41 $0.00 $343.51 $62,623.21
38 $62,623.21 $1,526.41 $0.00 $354.08 $64,503.70
39 $64,503.70 $1,526.41 $0.00 $364.71 $66,394.82
40 $66,394.82 $1,526.41 $0.00 $375.41 $68,296.64
41 $68,296.64 $1,526.41 $0.00 $386.16 $70,209.21
42 $70,209.21 $1,526.41 $0.00 $396.97 $72,132.59
43 $72,132.59 $1,526.41 $0.00 $407.85 $74,066.85
44 $74,066.85 $1,526.41 $0.00 $418.78 $76,012.04
45 $76,012.04 $1,526.41 $0.00 $429.78 $77,968.23
46 $77,968.23 $1,526.41 $0.00 $440.84 $79,935.48
47 $79,935.48 $1,526.41 $0.00 $451.97 $81,913.86
48 $81,913.86 $1,526.41 $0.00 $463.15 $83,903.42
49 $83,903.42 $1,526.41 $0.00 $474.40 $85,904.23
50 $85,904.23 $1,526.41 $0.00 $485.72 $87,916.36
51 $87,916.36 $1,526.41 $0.00 $497.09 $89,939.86
52 $89,939.86 $1,526.41 $0.00 $508.53 $91,974.80
53 $91,974.80 $1,526.41 $0.00 $520.04 $94,021.25
54 $94,021.25 $1,526.41 $0.00 $531.61 $96,079.27
55 $96,079.27 $1,526.41 $0.00 $543.25 $98,148.93
56 $98,148.93 $1,526.41 $0.00 $554.95 $100,230.29
57 $100,230.29 $1,526.41 $0.00 $566.72 $102,323.42
58 $102,323.42 $1,526.41 $0.00 $578.55 $104,428.38
59 $104,428.38 $1,526.41 $0.00 $590.45 $106,545.24
60 $106,545.24 $1,526.41 $0.00 $602.42 $108,674.07
61 $108,674.07 $1,526.41 $0.00 $614.46 $110,814.94
62 $110,814.94 $1,526.41 $0.00 $626.56 $112,967.91
63 $112,967.91 $1,526.41 $0.00 $638.74 $115,133.06
64 $115,133.06 $1,526.41 $0.00 $650.98 $117,310.45
65 $117,310.45 $1,526.41 $0.00 $663.29 $119,500.15
66 $119,500.15 $1,526.41 $0.00 $675.67 $121,702.23
67 $121,702.23 $1,526.41 $0.00 $688.12 $123,916.76
68 $123,916.76 $1,526.41 $0.00 $700.64 $126,143.81
69 $126,143.81 $1,526.41 $0.00 $713.24 $128,383.46
70 $128,383.46 $1,526.41 $0.00 $725.90 $130,635.77
71 $130,635.77 $1,526.41 $0.00 $738.63 $132,900.81
72 $132,900.81 $1,526.41 $0.00 $751.44 $135,178.66
73 $135,178.66 $1,526.41 $0.00 $764.32 $137,469.39
74 $137,469.39 $1,526.41 $0.00 $777.27 $139,773.07
75 $139,773.07 $1,526.41 $0.00 $790.30 $142,089.78
76 $142,089.78 $1,526.41 $0.00 $803.40 $144,419.59
77 $144,419.59 $1,526.41 $0.00 $816.57 $146,762.57
78 $146,762.57 $1,526.41 $0.00 $829.82 $149,118.80
79 $149,118.80 $1,526.41 $0.00 $843.14 $151,488.35
80 $151,488.35 $1,526.41 $0.00 $856.54 $153,871.30
81 $153,871.30 $1,526.41 $0.00 $870.01 $156,267.72
82 $156,267.72 $1,526.41 $0.00 $883.56 $158,677.69
83 $158,677.69 $1,526.41 $0.00 $897.19 $161,101.29
84 $161,101.29 $1,526.41 $0.00 $910.89 $163,538.59
85 $163,538.59 $1,526.41 $0.00 $924.67 $165,989.67
86 $165,989.67 $1,526.41 $0.00 $938.53 $168,454.61
87 $168,454.61 $1,526.41 $0.00 $952.47 $170,933.49
88 $170,933.49 $1,526.41 $0.00 $966.48 $173,426.38
89 $173,426.38 $1,526.41 $0.00 $980.58 $175,933.37
90 $175,933.37 $1,526.41 $0.00 $994.75 $178,454.53
91 $178,454.53 $1,526.41 $0.00 $1,009.01 $180,989.95
92 $180,989.95 $1,526.41 $0.00 $1,023.34 $183,539.70
93 $183,539.70 $1,526.41 $0.00 $1,037.76 $186,103.87
94 $186,103.87 $1,526.41 $0.00 $1,052.26 $188,682.54
95 $188,682.54 $1,526.41 $0.00 $1,066.84 $191,275.79
96 $191,275.79 $1,526.41 $0.00 $1,081.50 $193,883.70
97 $193,883.70 $1,526.41 $0.00 $1,096.25 $196,506.36
98 $196,506.36 $1,526.41 $0.00 $1,111.08 $199,143.85
99 $199,143.85 $1,526.41 $0.00 $1,125.99 $201,796.25
100 $201,796.25 $1,526.41 $0.00 $1,140.99 $204,463.65
101 $204,463.65 $1,526.41 $0.00 $1,156.07 $207,146.13
102 $207,146.13 $1,526.41 $0.00 $1,171.23 $209,843.77
103 $209,843.77 $1,526.41 $0.00 $1,186.49 $212,556.67
104 $212,556.67 $1,526.41 $0.00 $1,201.83 $215,284.91
105 $215,284.91 $1,526.41 $0.00 $1,217.25 $218,028.57
106 $218,028.57 $1,526.41 $0.00 $1,232.77 $220,787.75
107 $220,787.75 $1,526.41 $0.00 $1,248.37 $223,562.53
108 $223,562.53 $1,526.41 $0.00 $1,264.06 $226,353.00
109 $226,353.00 $1,526.41 $0.00 $1,279.83 $229,159.24
110 $229,159.24 $1,526.41 $0.00 $1,295.70 $231,981.35
111 $231,981.35 $1,526.41 $0.00 $1,311.66 $234,819.42
112 $234,819.42 $1,526.41 $0.00 $1,327.70 $237,673.53
113 $237,673.53 $1,526.41 $0.00 $1,343.84 $240,543.78
114 $240,543.78 $1,526.41 $0.00 $1,360.07 $243,430.26
115 $243,430.26 $1,526.41 $0.00 $1,376.39 $246,333.06
116 $246,333.06 $1,526.41 $0.00 $1,392.80 $249,252.27
117 $249,252.27 $1,526.41 $0.00 $1,409.31 $252,187.99
118 $252,187.99 $1,526.41 $0.00 $1,425.91 $255,140.31
119 $255,140.31 $1,526.41 $0.00 $1,442.60 $258,109.32
120 $258,109.32 $1,526.41 $0.00 $1,459.39 $261,095.12
121 $261,095.12 $1,526.41 $0.00 $1,476.27 $264,097.80
122 $264,097.80 $1,526.41 $0.00 $1,493.25 $267,117.46
123 $267,117.46 $1,526.41 $0.00 $1,510.32 $270,154.19
124 $270,154.19 $1,526.41 $0.00 $1,527.49 $273,208.09
125 $273,208.09 $1,526.41 $0.00 $1,544.76 $276,279.26
126 $276,279.26 $1,526.41 $0.00 $1,562.12 $279,367.79
127 $279,367.79 $1,526.41 $0.00 $1,579.59 $282,473.79
128 $282,473.79 $1,526.41 $0.00 $1,597.15 $285,597.35
129 $285,597.35 $1,526.41 $0.00 $1,614.81 $288,738.57
130 $288,738.57 $1,526.41 $0.00 $1,632.57 $291,897.55
131 $291,897.55 $1,526.41 $0.00 $1,650.43 $295,074.39
132 $295,074.39 $1,526.41 $0.00 $1,668.39 $298,269.19
133 $298,269.19 $1,526.41 $0.00 $1,686.46 $301,482.06
134 $301,482.06 $1,526.41 $0.00 $1,704.62 $304,713.09
135 $304,713.09 $1,526.41 $0.00 $1,722.89 $307,962.39
136 $307,962.39 $1,526.41 $0.00 $1,741.26 $311,230.06
137 $311,230.06 $1,526.41 $0.00 $1,759.74 $314,516.21
138 $314,516.21 $1,526.41 $0.00 $1,778.32 $317,820.94
139 $317,820.94 $1,526.41 $0.00 $1,797.01 $321,144.36
140 $321,144.36 $1,526.41 $0.00 $1,815.80 $324,486.57
141 $324,486.57 $1,526.41 $0.00 $1,834.69 $327,847.67
142 $327,847.67 $1,526.41 $0.00 $1,853.70 $331,227.78
143 $331,227.78 $1,526.41 $0.00 $1,872.81 $334,627.00
144 $334,627.00 $1,526.41 $0.00 $1,892.03 $338,045.44
145 $338,045.44 $1,526.41 $0.00 $1,911.36 $341,483.21
146 $341,483.21 $1,526.41 $0.00 $1,930.80 $344,940.42
147 $344,940.42 $1,526.41 $0.00 $1,950.34 $348,417.17
148 $348,417.17 $1,526.41 $0.00 $1,970.00 $351,913.58
149 $351,913.58 $1,526.41 $0.00 $1,989.77 $355,429.76
150 $355,429.76 $1,526.41 $0.00 $2,009.65 $358,965.82
151 $358,965.82 $1,526.41 $0.00 $2,029.64 $362,521.87
152 $362,521.87 $1,526.41 $0.00 $2,049.75 $366,098.03
153 $366,098.03 $1,526.41 $0.00 $2,069.97 $369,694.41
154 $369,694.41 $1,526.41 $0.00 $2,090.31 $373,311.13
155 $373,311.13 $1,526.41 $0.00 $2,110.76 $376,948.30
156 $376,948.30 $1,526.41 $0.00 $2,131.32 $380,606.03
157 $380,606.03 $1,526.41 $0.00 $2,152.00 $384,284.44
158 $384,284.44 $1,526.41 $0.00 $2,172.80 $387,983.65
159 $387,983.65 $1,526.41 $0.00 $2,193.72 $391,703.78
160 $391,703.78 $1,526.41 $0.00 $2,214.75 $395,444.94
161 $395,444.94 $1,526.41 $0.00 $2,235.90 $399,207.25
162 $399,207.25 $1,526.41 $0.00 $2,257.18 $402,990.84
163 $402,990.84 $1,526.41 $0.00 $2,278.57 $406,795.82
164 $406,795.82 $1,526.41 $0.00 $2,300.08 $410,622.31
165 $410,622.31 $1,526.41 $0.00 $2,321.72 $414,470.44
166 $414,470.44 $1,526.41 $0.00 $2,343.48 $418,340.33
167 $418,340.33 $1,526.41 $0.00 $2,365.36 $422,232.10
168 $422,232.10 $1,526.41 $0.00 $2,387.36 $426,145.87
169 $426,145.87 $1,526.41 $0.00 $2,409.49 $430,081.77
170 $430,081.77 $1,526.41 $0.00 $2,431.74 $434,039.92
171 $434,039.92 $1,526.41 $0.00 $2,454.12 $438,020.45
172 $438,020.45 $1,526.41 $0.00 $2,476.63 $442,023.49
173 $442,023.49 $1,526.41 $0.00 $2,499.27 $446,049.17
174 $446,049.17 $1,526.41 $0.00 $2,522.03 $450,097.61
175 $450,097.61 $1,526.41 $0.00 $2,544.92 $454,168.94
176 $454,168.94 $1,526.41 $0.00 $2,567.94 $458,263.29
177 $458,263.29 $1,526.41 $0.00 $2,591.09 $462,380.79
178 $462,380.79 $1,526.41 $0.00 $2,614.37 $466,521.57
179 $466,521.57 $1,526.41 $0.00 $2,637.78 $470,685.76
180 $470,685.76 $1,526.41 $0.00 $2,661.33 $474,873.50
181 $474,873.50 $1,526.41 $0.00 $2,685.00 $479,084.91
182 $479,084.91 $1,526.41 $0.00 $2,708.82 $483,320.14
183 $483,320.14 $1,526.41 $0.00 $2,732.76 $487,579.31
184 $487,579.31 $1,526.41 $0.00 $2,756.84 $491,862.56
185 $491,862.56 $1,526.41 $0.00 $2,781.06 $496,170.03
186 $496,170.03 $1,526.41 $0.00 $2,805.42 $500,501.86
187 $500,501.86 $1,526.41 $0.00 $2,829.91 $504,858.18
188 $504,858.18 $1,526.41 $0.00 $2,854.54 $509,239.13
189 $509,239.13 $1,526.41 $0.00 $2,879.31 $513,644.85
190 $513,644.85 $1,526.41 $0.00 $2,904.22 $518,075.48
191 $518,075.48 $1,526.41 $0.00 $2,929.27 $522,531.16
192 $522,531.16 $1,526.41 $0.00 $2,954.47 $527,012.04
193 $527,012.04 $1,526.41 $0.00 $2,979.80 $531,518.25
194 $531,518.25 $1,526.41 $0.00 $3,005.28 $536,049.94
195 $536,049.94 $1,526.41 $0.00 $3,030.90 $540,607.25
196 $540,607.25 $1,526.41 $0.00 $3,056.67 $545,190.33
197 $545,190.33 $1,526.41 $0.00 $3,082.59 $549,799.33
198 $549,799.33 $1,526.41 $0.00 $3,108.65 $554,434.39
199 $554,434.39 $1,526.41 $0.00 $3,134.85 $559,095.65
200 $559,095.65 $1,526.41 $0.00 $3,161.21 $563,783.27
201 $563,783.27 $1,526.41 $0.00 $3,187.71 $568,497.39
202 $568,497.39 $1,526.41 $0.00 $3,214.37 $573,238.17
203 $573,238.17 $1,526.41 $0.00 $3,241.17 $578,005.75
204 $578,005.75 $1,526.41 $0.00 $3,268.13 $582,800.29
205 $582,800.29 $1,526.41 $0.00 $3,295.24 $587,621.94
206 $587,621.94 $1,526.41 $0.00 $3,322.50 $592,470.85
207 $592,470.85 $1,526.41 $0.00 $3,349.92 $597,347.18
208 $597,347.18 $1,526.41 $0.00 $3,377.49 $602,251.08
209 $602,251.08 $1,526.41 $0.00 $3,405.22 $607,182.71
210 $607,182.71 $1,526.41 $0.00 $3,433.10 $612,142.22
211 $612,142.22 $1,526.41 $0.00 $3,461.14 $617,129.77
212 $617,129.77 $1,526.41 $0.00 $3,489.34 $622,145.52
213 $622,145.52 $1,526.41 $0.00 $3,517.70 $627,189.63
214 $627,189.63 $1,526.41 $0.00 $3,546.22 $632,262.26
215 $632,262.26 $1,526.41 $0.00 $3,574.90 $637,363.57
216 $637,363.57 $1,526.41 $0.00 $3,603.75 $642,493.73
217 $642,493.73 $1,526.41 $173,998.91 $3,632.75 $473,653.98
218 $473,653.98 $1,526.41 $0.00 $2,678.11 $477,858.50
219 $477,858.50 $1,526.41 $0.00 $2,701.88 $482,086.79
220 $482,086.79 $1,526.41 $0.00 $2,725.79 $486,338.99
221 $486,338.99 $1,526.41 $0.00 $2,749.83 $490,615.23
222 $490,615.23 $1,526.41 $0.00 $2,774.01 $494,915.65
223 $494,915.65 $1,526.41 $0.00 $2,798.33 $499,240.39
224 $499,240.39 $1,526.41 $0.00 $2,822.78 $503,589.58
225 $503,589.58 $1,526.41 $0.00 $2,847.37 $507,963.36
226 $507,963.36 $1,526.41 $0.00 $2,872.10 $512,361.87
227 $512,361.87 $1,526.41 $0.00 $2,896.97 $516,785.25
228 $516,785.25 $1,526.41 $0.00 $2,921.98 $521,233.64
229 $521,233.64 $1,526.41 $186,178.84 $2,947.13 $339,528.34
230 $339,528.34 $1,526.41 $0.00 $1,919.74 $342,974.49
231 $342,974.49 $1,526.41 $0.00 $1,939.23 $346,440.13
232 $346,440.13 $1,526.41 $0.00 $1,958.82 $349,925.36
233 $349,925.36 $1,526.41 $0.00 $1,978.53 $353,430.30
234 $353,430.30 $1,526.41 $0.00 $1,998.35 $356,955.06
235 $356,955.06 $1,526.41 $0.00 $2,018.28 $360,499.75
236 $360,499.75 $1,526.41 $0.00 $2,038.32 $364,064.48
237 $364,064.48 $1,526.41 $0.00 $2,058.47 $367,649.36
238 $367,649.36 $1,526.41 $0.00 $2,078.74 $371,254.51
239 $371,254.51 $1,526.41 $0.00 $2,099.13 $374,880.05
240 $374,880.05 $1,526.41 $0.00 $2,119.63 $378,526.09
241 $378,526.09 $1,526.41 $199,211.36 $2,140.24 $182,981.38
242 $182,981.38 $1,526.41 $0.00 $1,034.60 $185,542.39
243 $185,542.39 $1,526.41 $0.00 $1,049.08 $188,117.88
244 $188,117.88 $1,526.41 $0.00 $1,063.65 $190,707.94
245 $190,707.94 $1,526.41 $0.00 $1,078.29 $193,312.64
246 $193,312.64 $1,526.41 $0.00 $1,093.02 $195,932.07
247 $195,932.07 $1,526.41 $0.00 $1,107.83 $198,566.31
248 $198,566.31 $1,526.41 $0.00 $1,122.72 $201,215.44
249 $201,215.44 $1,526.41 $0.00 $1,137.70 $203,879.55
250 $203,879.55 $1,526.41 $0.00 $1,152.76 $206,558.72
251 $206,558.72 $1,526.41 $0.00 $1,167.91 $209,253.04
252 $209,253.04 $1,526.41 $0.00 $1,183.15 $211,962.60
253 $211,962.60 $0.00 $213,156.15 $1,198.47 $4.92