Savings Plan and Future Cost Estimation for University of Phoenix Chicago Campus

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$62,338
Monthly savings required$493

How much will it cost to send your child to University of Phoenix Chicago Campus in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $249,351.44 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $492.68 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$16,616.00
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 $492.68 $0.00 $0.00 $492.68
2 $492.68 $492.68 $0.00 $2.79 $988.15
3 $988.15 $492.68 $0.00 $5.59 $1,486.42
4 $1,486.42 $492.68 $0.00 $8.40 $1,987.50
5 $1,987.50 $492.68 $0.00 $11.24 $2,491.42
6 $2,491.42 $492.68 $0.00 $14.09 $2,998.19
7 $2,998.19 $492.68 $0.00 $16.95 $3,507.82
8 $3,507.82 $492.68 $0.00 $19.83 $4,020.33
9 $4,020.33 $492.68 $0.00 $22.73 $4,535.74
10 $4,535.74 $492.68 $0.00 $25.65 $5,054.07
11 $5,054.07 $492.68 $0.00 $28.58 $5,575.33
12 $5,575.33 $492.68 $0.00 $31.52 $6,099.53
13 $6,099.53 $492.68 $0.00 $34.49 $6,626.70
14 $6,626.70 $492.68 $0.00 $37.47 $7,156.85
15 $7,156.85 $492.68 $0.00 $40.47 $7,690.00
16 $7,690.00 $492.68 $0.00 $43.48 $8,226.16
17 $8,226.16 $492.68 $0.00 $46.51 $8,765.35
18 $8,765.35 $492.68 $0.00 $49.56 $9,307.59
19 $9,307.59 $492.68 $0.00 $52.63 $9,852.90
20 $9,852.90 $492.68 $0.00 $55.71 $10,401.29
21 $10,401.29 $492.68 $0.00 $58.81 $10,952.78
22 $10,952.78 $492.68 $0.00 $61.93 $11,507.39
23 $11,507.39 $492.68 $0.00 $65.06 $12,065.13
24 $12,065.13 $492.68 $0.00 $68.22 $12,626.03
25 $12,626.03 $492.68 $0.00 $71.39 $13,190.10
26 $13,190.10 $492.68 $0.00 $74.58 $13,757.36
27 $13,757.36 $492.68 $0.00 $77.79 $14,327.83
28 $14,327.83 $492.68 $0.00 $81.01 $14,901.52
29 $14,901.52 $492.68 $0.00 $84.26 $15,478.46
30 $15,478.46 $492.68 $0.00 $87.52 $16,058.66
31 $16,058.66 $492.68 $0.00 $90.80 $16,642.14
32 $16,642.14 $492.68 $0.00 $94.10 $17,228.92
33 $17,228.92 $492.68 $0.00 $97.41 $17,819.01
34 $17,819.01 $492.68 $0.00 $100.75 $18,412.44
35 $18,412.44 $492.68 $0.00 $104.11 $19,009.23
36 $19,009.23 $492.68 $0.00 $107.48 $19,609.39
37 $19,609.39 $492.68 $0.00 $110.87 $20,212.94
38 $20,212.94 $492.68 $0.00 $114.29 $20,819.91
39 $20,819.91 $492.68 $0.00 $117.72 $21,430.31
40 $21,430.31 $492.68 $0.00 $121.17 $22,044.16
41 $22,044.16 $492.68 $0.00 $124.64 $22,661.48
42 $22,661.48 $492.68 $0.00 $128.13 $23,282.29
43 $23,282.29 $492.68 $0.00 $131.64 $23,906.61
44 $23,906.61 $492.68 $0.00 $135.17 $24,534.46
45 $24,534.46 $492.68 $0.00 $138.72 $25,165.86
46 $25,165.86 $492.68 $0.00 $142.29 $25,800.83
47 $25,800.83 $492.68 $0.00 $145.88 $26,439.39
48 $26,439.39 $492.68 $0.00 $149.49 $27,081.56
49 $27,081.56 $492.68 $0.00 $153.12 $27,727.36
50 $27,727.36 $492.68 $0.00 $156.77 $28,376.81
51 $28,376.81 $492.68 $0.00 $160.45 $29,029.94
52 $29,029.94 $492.68 $0.00 $164.14 $29,686.76
53 $29,686.76 $492.68 $0.00 $167.85 $30,347.29
54 $30,347.29 $492.68 $0.00 $171.59 $31,011.56
55 $31,011.56 $492.68 $0.00 $175.34 $31,679.58
56 $31,679.58 $492.68 $0.00 $179.12 $32,351.38
57 $32,351.38 $492.68 $0.00 $182.92 $33,026.98
58 $33,026.98 $492.68 $0.00 $186.74 $33,706.40
59 $33,706.40 $492.68 $0.00 $190.58 $34,389.66
60 $34,389.66 $492.68 $0.00 $194.44 $35,076.78
61 $35,076.78 $492.68 $0.00 $198.33 $35,767.79
62 $35,767.79 $492.68 $0.00 $202.24 $36,462.71
63 $36,462.71 $492.68 $0.00 $206.17 $37,161.56
64 $37,161.56 $492.68 $0.00 $210.12 $37,864.36
65 $37,864.36 $492.68 $0.00 $214.09 $38,571.13
66 $38,571.13 $492.68 $0.00 $218.09 $39,281.90
67 $39,281.90 $492.68 $0.00 $222.11 $39,996.69
68 $39,996.69 $492.68 $0.00 $226.15 $40,715.52
69 $40,715.52 $492.68 $0.00 $230.21 $41,438.41
70 $41,438.41 $492.68 $0.00 $234.30 $42,165.39
71 $42,165.39 $492.68 $0.00 $238.41 $42,896.48
72 $42,896.48 $492.68 $0.00 $242.54 $43,631.70
73 $43,631.70 $492.68 $0.00 $246.70 $44,371.08
74 $44,371.08 $492.68 $0.00 $250.88 $45,114.64
75 $45,114.64 $492.68 $0.00 $255.08 $45,862.40
76 $45,862.40 $492.68 $0.00 $259.31 $46,614.39
77 $46,614.39 $492.68 $0.00 $263.56 $47,370.63
78 $47,370.63 $492.68 $0.00 $267.84 $48,131.15
79 $48,131.15 $492.68 $0.00 $272.14 $48,895.97
80 $48,895.97 $492.68 $0.00 $276.46 $49,665.11
81 $49,665.11 $492.68 $0.00 $280.81 $50,438.60
82 $50,438.60 $492.68 $0.00 $285.19 $51,216.47
83 $51,216.47 $492.68 $0.00 $289.59 $51,998.74
84 $51,998.74 $492.68 $0.00 $294.01 $52,785.43
85 $52,785.43 $492.68 $0.00 $298.46 $53,576.57
86 $53,576.57 $492.68 $0.00 $302.93 $54,372.18
87 $54,372.18 $492.68 $0.00 $307.43 $55,172.29
88 $55,172.29 $492.68 $0.00 $311.95 $55,976.92
89 $55,976.92 $492.68 $0.00 $316.50 $56,786.10
90 $56,786.10 $492.68 $0.00 $321.08 $57,599.86
91 $57,599.86 $492.68 $0.00 $325.68 $58,418.22
92 $58,418.22 $492.68 $0.00 $330.31 $59,241.21
93 $59,241.21 $492.68 $0.00 $334.96 $60,068.85
94 $60,068.85 $492.68 $0.00 $339.64 $60,901.17
95 $60,901.17 $492.68 $0.00 $344.34 $61,738.19
96 $61,738.19 $492.68 $0.00 $349.08 $62,579.95
97 $62,579.95 $492.68 $0.00 $353.84 $63,426.47
98 $63,426.47 $492.68 $0.00 $358.62 $64,277.77
99 $64,277.77 $492.68 $0.00 $363.44 $65,133.89
100 $65,133.89 $492.68 $0.00 $368.28 $65,994.85
101 $65,994.85 $492.68 $0.00 $373.14 $66,860.67
102 $66,860.67 $492.68 $0.00 $378.04 $67,731.39
103 $67,731.39 $492.68 $0.00 $382.96 $68,607.03
104 $68,607.03 $492.68 $0.00 $387.91 $69,487.62
105 $69,487.62 $492.68 $0.00 $392.89 $70,373.19
106 $70,373.19 $492.68 $0.00 $397.90 $71,263.77
107 $71,263.77 $492.68 $0.00 $402.94 $72,159.39
108 $72,159.39 $492.68 $0.00 $408.00 $73,060.07
109 $73,060.07 $492.68 $0.00 $413.09 $73,965.84
110 $73,965.84 $492.68 $0.00 $418.21 $74,876.73
111 $74,876.73 $492.68 $0.00 $423.36 $75,792.77
112 $75,792.77 $492.68 $0.00 $428.54 $76,713.99
113 $76,713.99 $492.68 $0.00 $433.75 $77,640.42
114 $77,640.42 $492.68 $0.00 $438.99 $78,572.09
115 $78,572.09 $492.68 $0.00 $444.26 $79,509.03
116 $79,509.03 $492.68 $0.00 $449.56 $80,451.27
117 $80,451.27 $492.68 $0.00 $454.88 $81,398.83
118 $81,398.83 $492.68 $0.00 $460.24 $82,351.75
119 $82,351.75 $492.68 $0.00 $465.63 $83,310.06
120 $83,310.06 $492.68 $0.00 $471.05 $84,273.79
121 $84,273.79 $492.68 $0.00 $476.50 $85,242.97
122 $85,242.97 $492.68 $0.00 $481.98 $86,217.63
123 $86,217.63 $492.68 $0.00 $487.49 $87,197.80
124 $87,197.80 $492.68 $0.00 $493.03 $88,183.51
125 $88,183.51 $492.68 $0.00 $498.60 $89,174.79
126 $89,174.79 $492.68 $0.00 $504.21 $90,171.68
127 $90,171.68 $492.68 $0.00 $509.84 $91,174.20
128 $91,174.20 $492.68 $0.00 $515.51 $92,182.39
129 $92,182.39 $492.68 $0.00 $521.21 $93,196.28
130 $93,196.28 $492.68 $0.00 $526.95 $94,215.91
131 $94,215.91 $492.68 $0.00 $532.71 $95,241.30
132 $95,241.30 $492.68 $0.00 $538.51 $96,272.49
133 $96,272.49 $492.68 $0.00 $544.34 $97,309.51
134 $97,309.51 $492.68 $0.00 $550.20 $98,352.39
135 $98,352.39 $492.68 $0.00 $556.10 $99,401.17
136 $99,401.17 $492.68 $0.00 $562.03 $100,455.88
137 $100,455.88 $492.68 $0.00 $567.99 $101,516.55
138 $101,516.55 $492.68 $0.00 $573.99 $102,583.22
139 $102,583.22 $492.68 $0.00 $580.02 $103,655.92
140 $103,655.92 $492.68 $0.00 $586.09 $104,734.69
141 $104,734.69 $492.68 $0.00 $592.19 $105,819.56
142 $105,819.56 $492.68 $0.00 $598.32 $106,910.56
143 $106,910.56 $492.68 $0.00 $604.49 $108,007.73
144 $108,007.73 $492.68 $0.00 $610.69 $109,111.10
145 $109,111.10 $492.68 $0.00 $616.93 $110,220.71
146 $110,220.71 $492.68 $0.00 $623.20 $111,336.59
147 $111,336.59 $492.68 $0.00 $629.51 $112,458.78
148 $112,458.78 $492.68 $0.00 $635.86 $113,587.32
149 $113,587.32 $492.68 $0.00 $642.24 $114,722.24
150 $114,722.24 $492.68 $0.00 $648.66 $115,863.58
151 $115,863.58 $492.68 $0.00 $655.11 $117,011.37
152 $117,011.37 $492.68 $0.00 $661.60 $118,165.65
153 $118,165.65 $492.68 $0.00 $668.13 $119,326.46
154 $119,326.46 $492.68 $0.00 $674.69 $120,493.83
155 $120,493.83 $492.68 $0.00 $681.29 $121,667.80
156 $121,667.80 $492.68 $0.00 $687.93 $122,848.41
157 $122,848.41 $492.68 $0.00 $694.60 $124,035.69
158 $124,035.69 $492.68 $0.00 $701.32 $125,229.69
159 $125,229.69 $492.68 $0.00 $708.07 $126,430.44
160 $126,430.44 $492.68 $0.00 $714.86 $127,637.98
161 $127,637.98 $492.68 $0.00 $721.68 $128,852.34
162 $128,852.34 $492.68 $0.00 $728.55 $130,073.57
163 $130,073.57 $492.68 $0.00 $735.45 $131,301.70
164 $131,301.70 $492.68 $0.00 $742.40 $132,536.78
165 $132,536.78 $492.68 $0.00 $749.38 $133,778.84
166 $133,778.84 $492.68 $0.00 $756.41 $135,027.93
167 $135,027.93 $492.68 $0.00 $763.47 $136,284.08
168 $136,284.08 $492.68 $0.00 $770.57 $137,547.33
169 $137,547.33 $492.68 $0.00 $777.71 $138,817.72
170 $138,817.72 $492.68 $0.00 $784.90 $140,095.30
171 $140,095.30 $492.68 $0.00 $792.12 $141,380.10
172 $141,380.10 $492.68 $0.00 $799.38 $142,672.16
173 $142,672.16 $492.68 $0.00 $806.69 $143,971.53
174 $143,971.53 $492.68 $0.00 $814.04 $145,278.25
175 $145,278.25 $492.68 $0.00 $821.42 $146,592.35
176 $146,592.35 $492.68 $0.00 $828.85 $147,913.88
177 $147,913.88 $492.68 $0.00 $836.33 $149,242.89
178 $149,242.89 $492.68 $0.00 $843.84 $150,579.41
179 $150,579.41 $492.68 $0.00 $851.40 $151,923.49
180 $151,923.49 $492.68 $0.00 $859.00 $153,275.17
181 $153,275.17 $492.68 $0.00 $866.64 $154,634.49
182 $154,634.49 $492.68 $0.00 $874.33 $156,001.50
183 $156,001.50 $492.68 $0.00 $882.06 $157,376.24
184 $157,376.24 $492.68 $0.00 $889.83 $158,758.75
185 $158,758.75 $492.68 $0.00 $897.65 $160,149.08
186 $160,149.08 $492.68 $0.00 $905.51 $161,547.27
187 $161,547.27 $492.68 $0.00 $913.41 $162,953.36
188 $162,953.36 $492.68 $0.00 $921.36 $164,367.40
189 $164,367.40 $492.68 $0.00 $929.36 $165,789.44
190 $165,789.44 $492.68 $0.00 $937.40 $167,219.52
191 $167,219.52 $492.68 $0.00 $945.48 $168,657.68
192 $168,657.68 $492.68 $0.00 $953.62 $170,103.98
193 $170,103.98 $492.68 $0.00 $961.79 $171,558.45
194 $171,558.45 $492.68 $0.00 $970.02 $173,021.15
195 $173,021.15 $492.68 $0.00 $978.29 $174,492.12
196 $174,492.12 $492.68 $0.00 $986.60 $175,971.40
197 $175,971.40 $492.68 $0.00 $994.97 $177,459.05
198 $177,459.05 $492.68 $0.00 $1,003.38 $178,955.11
199 $178,955.11 $492.68 $0.00 $1,011.84 $180,459.63
200 $180,459.63 $492.68 $0.00 $1,020.34 $181,972.65
201 $181,972.65 $492.68 $0.00 $1,028.90 $183,494.23
202 $183,494.23 $492.68 $0.00 $1,037.50 $185,024.41
203 $185,024.41 $492.68 $0.00 $1,046.15 $186,563.24
204 $186,563.24 $492.68 $0.00 $1,054.86 $188,110.78
205 $188,110.78 $492.68 $0.00 $1,063.61 $189,667.07
206 $189,667.07 $492.68 $0.00 $1,072.41 $191,232.16
207 $191,232.16 $492.68 $0.00 $1,081.25 $192,806.09
208 $192,806.09 $492.68 $0.00 $1,090.15 $194,388.92
209 $194,388.92 $492.68 $0.00 $1,099.10 $195,980.70
210 $195,980.70 $492.68 $0.00 $1,108.10 $197,581.48
211 $197,581.48 $492.68 $0.00 $1,117.15 $199,191.31
212 $199,191.31 $492.68 $0.00 $1,126.26 $200,810.25
213 $200,810.25 $492.68 $0.00 $1,135.41 $202,438.34
214 $202,438.34 $492.68 $0.00 $1,144.62 $204,075.64
215 $204,075.64 $492.68 $0.00 $1,153.87 $205,722.19
216 $205,722.19 $492.68 $0.00 $1,163.18 $207,378.05
217 $207,378.05 $492.68 $56,160.95 $1,172.55 $152,882.33
218 $152,882.33 $492.68 $0.00 $864.42 $154,239.43
219 $154,239.43 $492.68 $0.00 $872.09 $155,604.20
220 $155,604.20 $492.68 $0.00 $879.81 $156,976.69
221 $156,976.69 $492.68 $0.00 $887.57 $158,356.94
222 $158,356.94 $492.68 $0.00 $895.37 $159,744.99
223 $159,744.99 $492.68 $0.00 $903.22 $161,140.89
224 $161,140.89 $492.68 $0.00 $911.11 $162,544.68
225 $162,544.68 $492.68 $0.00 $919.05 $163,956.41
226 $163,956.41 $492.68 $0.00 $927.03 $165,376.12
227 $165,376.12 $492.68 $0.00 $935.06 $166,803.86
228 $166,803.86 $492.68 $0.00 $943.13 $168,239.67
229 $168,239.67 $492.68 $60,092.22 $951.25 $109,591.38
230 $109,591.38 $492.68 $0.00 $619.65 $110,703.71
231 $110,703.71 $492.68 $0.00 $625.93 $111,822.32
232 $111,822.32 $492.68 $0.00 $632.26 $112,947.26
233 $112,947.26 $492.68 $0.00 $638.62 $114,078.56
234 $114,078.56 $492.68 $0.00 $645.02 $115,216.26
235 $115,216.26 $492.68 $0.00 $651.45 $116,360.39
236 $116,360.39 $492.68 $0.00 $657.92 $117,510.99
237 $117,510.99 $492.68 $0.00 $664.42 $118,668.09
238 $118,668.09 $492.68 $0.00 $670.97 $119,831.74
239 $119,831.74 $492.68 $0.00 $677.55 $121,001.97
240 $121,001.97 $492.68 $0.00 $684.16 $122,178.81
241 $122,178.81 $492.68 $64,298.68 $690.82 $59,063.63
242 $59,063.63 $492.68 $0.00 $333.95 $59,890.26
243 $59,890.26 $492.68 $0.00 $338.63 $60,721.57
244 $60,721.57 $492.68 $0.00 $343.33 $61,557.58
245 $61,557.58 $492.68 $0.00 $348.06 $62,398.32
246 $62,398.32 $492.68 $0.00 $352.81 $63,243.81
247 $63,243.81 $492.68 $0.00 $357.59 $64,094.08
248 $64,094.08 $492.68 $0.00 $362.40 $64,949.16
249 $64,949.16 $492.68 $0.00 $367.23 $65,809.07
250 $65,809.07 $492.68 $0.00 $372.09 $66,673.84
251 $66,673.84 $492.68 $0.00 $376.98 $67,543.50
252 $67,543.50 $492.68 $0.00 $381.90 $68,418.08
253 $68,418.08 $0.00 $68,799.58 $386.85 $5.35