Savings Plan and Future Cost Estimation for Butler University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$240,783
Monthly savings required$1,903

How much will it cost to send your child to Butler University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $963,130.43 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,902.96 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$64,180.00
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 $1,902.96 $0.00 $0.00 $1,902.96
2 $1,902.96 $1,902.96 $0.00 $10.76 $3,816.68
3 $3,816.68 $1,902.96 $0.00 $21.58 $5,741.22
4 $5,741.22 $1,902.96 $0.00 $32.46 $7,676.64
5 $7,676.64 $1,902.96 $0.00 $43.40 $9,623.00
6 $9,623.00 $1,902.96 $0.00 $54.41 $11,580.37
7 $11,580.37 $1,902.96 $0.00 $65.48 $13,548.81
8 $13,548.81 $1,902.96 $0.00 $76.61 $15,528.38
9 $15,528.38 $1,902.96 $0.00 $87.80 $17,519.14
10 $17,519.14 $1,902.96 $0.00 $99.06 $19,521.16
11 $19,521.16 $1,902.96 $0.00 $110.38 $21,534.50
12 $21,534.50 $1,902.96 $0.00 $121.76 $23,559.22
13 $23,559.22 $1,902.96 $0.00 $133.21 $25,595.39
14 $25,595.39 $1,902.96 $0.00 $144.72 $27,643.07
15 $27,643.07 $1,902.96 $0.00 $156.30 $29,702.33
16 $29,702.33 $1,902.96 $0.00 $167.94 $31,773.23
17 $31,773.23 $1,902.96 $0.00 $179.65 $33,855.84
18 $33,855.84 $1,902.96 $0.00 $191.43 $35,950.23
19 $35,950.23 $1,902.96 $0.00 $203.27 $38,056.46
20 $38,056.46 $1,902.96 $0.00 $215.18 $40,174.60
21 $40,174.60 $1,902.96 $0.00 $227.15 $42,304.71
22 $42,304.71 $1,902.96 $0.00 $239.20 $44,446.87
23 $44,446.87 $1,902.96 $0.00 $251.31 $46,601.14
24 $46,601.14 $1,902.96 $0.00 $263.49 $48,767.59
25 $48,767.59 $1,902.96 $0.00 $275.74 $50,946.29
26 $50,946.29 $1,902.96 $0.00 $288.06 $53,137.31
27 $53,137.31 $1,902.96 $0.00 $300.45 $55,340.72
28 $55,340.72 $1,902.96 $0.00 $312.90 $57,556.58
29 $57,556.58 $1,902.96 $0.00 $325.43 $59,784.97
30 $59,784.97 $1,902.96 $0.00 $338.03 $62,025.96
31 $62,025.96 $1,902.96 $0.00 $350.70 $64,279.62
32 $64,279.62 $1,902.96 $0.00 $363.45 $66,546.03
33 $66,546.03 $1,902.96 $0.00 $376.26 $68,825.25
34 $68,825.25 $1,902.96 $0.00 $389.15 $71,117.36
35 $71,117.36 $1,902.96 $0.00 $402.11 $73,422.43
36 $73,422.43 $1,902.96 $0.00 $415.14 $75,740.53
37 $75,740.53 $1,902.96 $0.00 $428.25 $78,071.74
38 $78,071.74 $1,902.96 $0.00 $441.43 $80,416.13
39 $80,416.13 $1,902.96 $0.00 $454.68 $82,773.77
40 $82,773.77 $1,902.96 $0.00 $468.01 $85,144.74
41 $85,144.74 $1,902.96 $0.00 $481.42 $87,529.12
42 $87,529.12 $1,902.96 $0.00 $494.90 $89,926.98
43 $89,926.98 $1,902.96 $0.00 $508.46 $92,338.40
44 $92,338.40 $1,902.96 $0.00 $522.09 $94,763.45
45 $94,763.45 $1,902.96 $0.00 $535.81 $97,202.22
46 $97,202.22 $1,902.96 $0.00 $549.60 $99,654.78
47 $99,654.78 $1,902.96 $0.00 $563.46 $102,121.20
48 $102,121.20 $1,902.96 $0.00 $577.41 $104,601.57
49 $104,601.57 $1,902.96 $0.00 $591.43 $107,095.96
50 $107,095.96 $1,902.96 $0.00 $605.54 $109,604.46
51 $109,604.46 $1,902.96 $0.00 $619.72 $112,127.14
52 $112,127.14 $1,902.96 $0.00 $633.98 $114,664.08
53 $114,664.08 $1,902.96 $0.00 $648.33 $117,215.37
54 $117,215.37 $1,902.96 $0.00 $662.75 $119,781.08
55 $119,781.08 $1,902.96 $0.00 $677.26 $122,361.30
56 $122,361.30 $1,902.96 $0.00 $691.85 $124,956.11
57 $124,956.11 $1,902.96 $0.00 $706.52 $127,565.59
58 $127,565.59 $1,902.96 $0.00 $721.27 $130,189.82
59 $130,189.82 $1,902.96 $0.00 $736.11 $132,828.89
60 $132,828.89 $1,902.96 $0.00 $751.03 $135,482.88
61 $135,482.88 $1,902.96 $0.00 $766.04 $138,151.88
62 $138,151.88 $1,902.96 $0.00 $781.13 $140,835.97
63 $140,835.97 $1,902.96 $0.00 $796.31 $143,535.24
64 $143,535.24 $1,902.96 $0.00 $811.57 $146,249.77
65 $146,249.77 $1,902.96 $0.00 $826.92 $148,979.65
66 $148,979.65 $1,902.96 $0.00 $842.35 $151,724.96
67 $151,724.96 $1,902.96 $0.00 $857.87 $154,485.79
68 $154,485.79 $1,902.96 $0.00 $873.49 $157,262.24
69 $157,262.24 $1,902.96 $0.00 $889.18 $160,054.38
70 $160,054.38 $1,902.96 $0.00 $904.97 $162,862.31
71 $162,862.31 $1,902.96 $0.00 $920.85 $165,686.12
72 $165,686.12 $1,902.96 $0.00 $936.81 $168,525.89
73 $168,525.89 $1,902.96 $0.00 $952.87 $171,381.72
74 $171,381.72 $1,902.96 $0.00 $969.02 $174,253.70
75 $174,253.70 $1,902.96 $0.00 $985.26 $177,141.92
76 $177,141.92 $1,902.96 $0.00 $1,001.59 $180,046.47
77 $180,046.47 $1,902.96 $0.00 $1,018.01 $182,967.44
78 $182,967.44 $1,902.96 $0.00 $1,034.52 $185,904.92
79 $185,904.92 $1,902.96 $0.00 $1,051.13 $188,859.01
80 $188,859.01 $1,902.96 $0.00 $1,067.84 $191,829.81
81 $191,829.81 $1,902.96 $0.00 $1,084.63 $194,817.40
82 $194,817.40 $1,902.96 $0.00 $1,101.53 $197,821.89
83 $197,821.89 $1,902.96 $0.00 $1,118.51 $200,843.36
84 $200,843.36 $1,902.96 $0.00 $1,135.60 $203,881.92
85 $203,881.92 $1,902.96 $0.00 $1,152.78 $206,937.66
86 $206,937.66 $1,902.96 $0.00 $1,170.06 $210,010.68
87 $210,010.68 $1,902.96 $0.00 $1,187.43 $213,101.07
88 $213,101.07 $1,902.96 $0.00 $1,204.90 $216,208.93
89 $216,208.93 $1,902.96 $0.00 $1,222.48 $219,334.37
90 $219,334.37 $1,902.96 $0.00 $1,240.15 $222,477.48
91 $222,477.48 $1,902.96 $0.00 $1,257.92 $225,638.36
92 $225,638.36 $1,902.96 $0.00 $1,275.79 $228,817.11
93 $228,817.11 $1,902.96 $0.00 $1,293.77 $232,013.84
94 $232,013.84 $1,902.96 $0.00 $1,311.84 $235,228.64
95 $235,228.64 $1,902.96 $0.00 $1,330.02 $238,461.62
96 $238,461.62 $1,902.96 $0.00 $1,348.30 $241,712.88
97 $241,712.88 $1,902.96 $0.00 $1,366.68 $244,982.52
98 $244,982.52 $1,902.96 $0.00 $1,385.17 $248,270.65
99 $248,270.65 $1,902.96 $0.00 $1,403.76 $251,577.37
100 $251,577.37 $1,902.96 $0.00 $1,422.46 $254,902.79
101 $254,902.79 $1,902.96 $0.00 $1,441.26 $258,247.01
102 $258,247.01 $1,902.96 $0.00 $1,460.17 $261,610.14
103 $261,610.14 $1,902.96 $0.00 $1,479.18 $264,992.28
104 $264,992.28 $1,902.96 $0.00 $1,498.30 $268,393.54
105 $268,393.54 $1,902.96 $0.00 $1,517.54 $271,814.04
106 $271,814.04 $1,902.96 $0.00 $1,536.88 $275,253.88
107 $275,253.88 $1,902.96 $0.00 $1,556.33 $278,713.17
108 $278,713.17 $1,902.96 $0.00 $1,575.88 $282,192.01
109 $282,192.01 $1,902.96 $0.00 $1,595.55 $285,690.52
110 $285,690.52 $1,902.96 $0.00 $1,615.34 $289,208.82
111 $289,208.82 $1,902.96 $0.00 $1,635.23 $292,747.01
112 $292,747.01 $1,902.96 $0.00 $1,655.23 $296,305.20
113 $296,305.20 $1,902.96 $0.00 $1,675.35 $299,883.51
114 $299,883.51 $1,902.96 $0.00 $1,695.58 $303,482.05
115 $303,482.05 $1,902.96 $0.00 $1,715.93 $307,100.94
116 $307,100.94 $1,902.96 $0.00 $1,736.39 $310,740.29
117 $310,740.29 $1,902.96 $0.00 $1,756.97 $314,400.22
118 $314,400.22 $1,902.96 $0.00 $1,777.66 $318,080.84
119 $318,080.84 $1,902.96 $0.00 $1,798.48 $321,782.28
120 $321,782.28 $1,902.96 $0.00 $1,819.40 $325,504.64
121 $325,504.64 $1,902.96 $0.00 $1,840.45 $329,248.05
122 $329,248.05 $1,902.96 $0.00 $1,861.62 $333,012.63
123 $333,012.63 $1,902.96 $0.00 $1,882.90 $336,798.49
124 $336,798.49 $1,902.96 $0.00 $1,904.31 $340,605.76
125 $340,605.76 $1,902.96 $0.00 $1,925.83 $344,434.55
126 $344,434.55 $1,902.96 $0.00 $1,947.48 $348,284.99
127 $348,284.99 $1,902.96 $0.00 $1,969.25 $352,157.20
128 $352,157.20 $1,902.96 $0.00 $1,991.15 $356,051.31
129 $356,051.31 $1,902.96 $0.00 $2,013.17 $359,967.44
130 $359,967.44 $1,902.96 $0.00 $2,035.31 $363,905.71
131 $363,905.71 $1,902.96 $0.00 $2,057.58 $367,866.25
132 $367,866.25 $1,902.96 $0.00 $2,079.97 $371,849.18
133 $371,849.18 $1,902.96 $0.00 $2,102.49 $375,854.63
134 $375,854.63 $1,902.96 $0.00 $2,125.14 $379,882.73
135 $379,882.73 $1,902.96 $0.00 $2,147.91 $383,933.60
136 $383,933.60 $1,902.96 $0.00 $2,170.82 $388,007.38
137 $388,007.38 $1,902.96 $0.00 $2,193.85 $392,104.19
138 $392,104.19 $1,902.96 $0.00 $2,217.01 $396,224.16
139 $396,224.16 $1,902.96 $0.00 $2,240.31 $400,367.43
140 $400,367.43 $1,902.96 $0.00 $2,263.74 $404,534.13
141 $404,534.13 $1,902.96 $0.00 $2,287.29 $408,724.38
142 $408,724.38 $1,902.96 $0.00 $2,310.99 $412,938.33
143 $412,938.33 $1,902.96 $0.00 $2,334.81 $417,176.10
144 $417,176.10 $1,902.96 $0.00 $2,358.77 $421,437.83
145 $421,437.83 $1,902.96 $0.00 $2,382.87 $425,723.66
146 $425,723.66 $1,902.96 $0.00 $2,407.10 $430,033.72
147 $430,033.72 $1,902.96 $0.00 $2,431.47 $434,368.15
148 $434,368.15 $1,902.96 $0.00 $2,455.98 $438,727.09
149 $438,727.09 $1,902.96 $0.00 $2,480.63 $443,110.68
150 $443,110.68 $1,902.96 $0.00 $2,505.41 $447,519.05
151 $447,519.05 $1,902.96 $0.00 $2,530.34 $451,952.35
152 $451,952.35 $1,902.96 $0.00 $2,555.40 $456,410.71
153 $456,410.71 $1,902.96 $0.00 $2,580.61 $460,894.28
154 $460,894.28 $1,902.96 $0.00 $2,605.96 $465,403.20
155 $465,403.20 $1,902.96 $0.00 $2,631.46 $469,937.62
156 $469,937.62 $1,902.96 $0.00 $2,657.10 $474,497.68
157 $474,497.68 $1,902.96 $0.00 $2,682.88 $479,083.52
158 $479,083.52 $1,902.96 $0.00 $2,708.81 $483,695.29
159 $483,695.29 $1,902.96 $0.00 $2,734.88 $488,333.13
160 $488,333.13 $1,902.96 $0.00 $2,761.11 $492,997.20
161 $492,997.20 $1,902.96 $0.00 $2,787.48 $497,687.64
162 $497,687.64 $1,902.96 $0.00 $2,814.00 $502,404.60
163 $502,404.60 $1,902.96 $0.00 $2,840.67 $507,148.23
164 $507,148.23 $1,902.96 $0.00 $2,867.49 $511,918.68
165 $511,918.68 $1,902.96 $0.00 $2,894.46 $516,716.10
166 $516,716.10 $1,902.96 $0.00 $2,921.59 $521,540.65
167 $521,540.65 $1,902.96 $0.00 $2,948.87 $526,392.48
168 $526,392.48 $1,902.96 $0.00 $2,976.30 $531,271.74
169 $531,271.74 $1,902.96 $0.00 $3,003.89 $536,178.59
170 $536,178.59 $1,902.96 $0.00 $3,031.63 $541,113.18
171 $541,113.18 $1,902.96 $0.00 $3,059.53 $546,075.67
172 $546,075.67 $1,902.96 $0.00 $3,087.59 $551,066.22
173 $551,066.22 $1,902.96 $0.00 $3,115.81 $556,084.99
174 $556,084.99 $1,902.96 $0.00 $3,144.19 $561,132.14
175 $561,132.14 $1,902.96 $0.00 $3,172.72 $566,207.82
176 $566,207.82 $1,902.96 $0.00 $3,201.42 $571,312.20
177 $571,312.20 $1,902.96 $0.00 $3,230.28 $576,445.44
178 $576,445.44 $1,902.96 $0.00 $3,259.31 $581,607.71
179 $581,607.71 $1,902.96 $0.00 $3,288.49 $586,799.16
180 $586,799.16 $1,902.96 $0.00 $3,317.85 $592,019.97
181 $592,019.97 $1,902.96 $0.00 $3,347.37 $597,270.30
182 $597,270.30 $1,902.96 $0.00 $3,377.05 $602,550.31
183 $602,550.31 $1,902.96 $0.00 $3,406.91 $607,860.18
184 $607,860.18 $1,902.96 $0.00 $3,436.93 $613,200.07
185 $613,200.07 $1,902.96 $0.00 $3,467.12 $618,570.15
186 $618,570.15 $1,902.96 $0.00 $3,497.49 $623,970.60
187 $623,970.60 $1,902.96 $0.00 $3,528.02 $629,401.58
188 $629,401.58 $1,902.96 $0.00 $3,558.73 $634,863.27
189 $634,863.27 $1,902.96 $0.00 $3,589.61 $640,355.84
190 $640,355.84 $1,902.96 $0.00 $3,620.67 $645,879.47
191 $645,879.47 $1,902.96 $0.00 $3,651.90 $651,434.33
192 $651,434.33 $1,902.96 $0.00 $3,683.30 $657,020.59
193 $657,020.59 $1,902.96 $0.00 $3,714.89 $662,638.44
194 $662,638.44 $1,902.96 $0.00 $3,746.65 $668,288.05
195 $668,288.05 $1,902.96 $0.00 $3,778.60 $673,969.61
196 $673,969.61 $1,902.96 $0.00 $3,810.72 $679,683.29
197 $679,683.29 $1,902.96 $0.00 $3,843.03 $685,429.28
198 $685,429.28 $1,902.96 $0.00 $3,875.52 $691,207.76
199 $691,207.76 $1,902.96 $0.00 $3,908.19 $697,018.91
200 $697,018.91 $1,902.96 $0.00 $3,941.05 $702,862.92
201 $702,862.92 $1,902.96 $0.00 $3,974.09 $708,739.97
202 $708,739.97 $1,902.96 $0.00 $4,007.32 $714,650.25
203 $714,650.25 $1,902.96 $0.00 $4,040.74 $720,593.95
204 $720,593.95 $1,902.96 $0.00 $4,074.34 $726,571.25
205 $726,571.25 $1,902.96 $0.00 $4,108.14 $732,582.35
206 $732,582.35 $1,902.96 $0.00 $4,142.13 $738,627.44
207 $738,627.44 $1,902.96 $0.00 $4,176.31 $744,706.71
208 $744,706.71 $1,902.96 $0.00 $4,210.68 $750,820.35
209 $750,820.35 $1,902.96 $0.00 $4,245.25 $756,968.56
210 $756,968.56 $1,902.96 $0.00 $4,280.01 $763,151.53
211 $763,151.53 $1,902.96 $0.00 $4,314.97 $769,369.46
212 $769,369.46 $1,902.96 $0.00 $4,350.13 $775,622.55
213 $775,622.55 $1,902.96 $0.00 $4,385.48 $781,910.99
214 $781,910.99 $1,902.96 $0.00 $4,421.04 $788,234.99
215 $788,234.99 $1,902.96 $0.00 $4,456.80 $794,594.75
216 $794,594.75 $1,902.96 $0.00 $4,492.75 $800,990.46
217 $800,990.46 $1,902.96 $216,924.05 $4,528.92 $590,498.29
218 $590,498.29 $1,902.96 $0.00 $3,338.76 $595,740.01
219 $595,740.01 $1,902.96 $0.00 $3,368.40 $601,011.37
220 $601,011.37 $1,902.96 $0.00 $3,398.21 $606,312.54
221 $606,312.54 $1,902.96 $0.00 $3,428.18 $611,643.68
222 $611,643.68 $1,902.96 $0.00 $3,458.32 $617,004.96
223 $617,004.96 $1,902.96 $0.00 $3,488.64 $622,396.56
224 $622,396.56 $1,902.96 $0.00 $3,519.12 $627,818.64
225 $627,818.64 $1,902.96 $0.00 $3,549.78 $633,271.38
226 $633,271.38 $1,902.96 $0.00 $3,580.61 $638,754.95
227 $638,754.95 $1,902.96 $0.00 $3,611.61 $644,269.52
228 $644,269.52 $1,902.96 $0.00 $3,642.79 $649,815.27
229 $649,815.27 $1,902.96 $232,108.74 $3,674.15 $423,283.64
230 $423,283.64 $1,902.96 $0.00 $2,393.31 $427,579.91
231 $427,579.91 $1,902.96 $0.00 $2,417.60 $431,900.47
232 $431,900.47 $1,902.96 $0.00 $2,442.03 $436,245.46
233 $436,245.46 $1,902.96 $0.00 $2,466.60 $440,615.02
234 $440,615.02 $1,902.96 $0.00 $2,491.30 $445,009.28
235 $445,009.28 $1,902.96 $0.00 $2,516.15 $449,428.39
236 $449,428.39 $1,902.96 $0.00 $2,541.13 $453,872.48
237 $453,872.48 $1,902.96 $0.00 $2,566.26 $458,341.70
238 $458,341.70 $1,902.96 $0.00 $2,591.53 $462,836.19
239 $462,836.19 $1,902.96 $0.00 $2,616.94 $467,356.09
240 $467,356.09 $1,902.96 $0.00 $2,642.50 $471,901.55
241 $471,901.55 $1,902.96 $248,356.35 $2,668.20 $228,116.36
242 $228,116.36 $1,902.96 $0.00 $1,289.80 $231,309.12
243 $231,309.12 $1,902.96 $0.00 $1,307.86 $234,519.94
244 $234,519.94 $1,902.96 $0.00 $1,326.01 $237,748.91
245 $237,748.91 $1,902.96 $0.00 $1,344.27 $240,996.14
246 $240,996.14 $1,902.96 $0.00 $1,362.63 $244,261.73
247 $244,261.73 $1,902.96 $0.00 $1,381.09 $247,545.78
248 $247,545.78 $1,902.96 $0.00 $1,399.66 $250,848.40
249 $250,848.40 $1,902.96 $0.00 $1,418.33 $254,169.69
250 $254,169.69 $1,902.96 $0.00 $1,437.11 $257,509.76
251 $257,509.76 $1,902.96 $0.00 $1,456.00 $260,868.72
252 $260,868.72 $1,902.96 $0.00 $1,474.99 $264,246.67
253 $264,246.67 $0.00 $265,741.29 $1,494.09 -$0.53