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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$56,535
Monthly savings required$448

How much will it cost to send your child to Indiana University Purdue University Fort Wayne in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $226,138.06 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $447.52 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$21,801.00
Years until enrollment18
Annual Tuition Increase5%
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 $447.52 $0.00 $0.00 $447.52
2 $447.52 $447.52 $0.00 $2.53 $897.57
3 $897.57 $447.52 $0.00 $5.07 $1,350.16
4 $1,350.16 $447.52 $0.00 $7.63 $1,805.31
5 $1,805.31 $447.52 $0.00 $10.21 $2,263.04
6 $2,263.04 $447.52 $0.00 $12.80 $2,723.36
7 $2,723.36 $447.52 $0.00 $15.40 $3,186.28
8 $3,186.28 $447.52 $0.00 $18.02 $3,651.82
9 $3,651.82 $447.52 $0.00 $20.65 $4,119.99
10 $4,119.99 $447.52 $0.00 $23.30 $4,590.81
11 $4,590.81 $447.52 $0.00 $25.96 $5,064.29
12 $5,064.29 $447.52 $0.00 $28.63 $5,540.44
13 $5,540.44 $447.52 $0.00 $31.33 $6,019.29
14 $6,019.29 $447.52 $0.00 $34.03 $6,500.84
15 $6,500.84 $447.52 $0.00 $36.76 $6,985.12
16 $6,985.12 $447.52 $0.00 $39.49 $7,472.13
17 $7,472.13 $447.52 $0.00 $42.25 $7,961.90
18 $7,961.90 $447.52 $0.00 $45.02 $8,454.44
19 $8,454.44 $447.52 $0.00 $47.80 $8,949.76
20 $8,949.76 $447.52 $0.00 $50.60 $9,447.88
21 $9,447.88 $447.52 $0.00 $53.42 $9,948.82
22 $9,948.82 $447.52 $0.00 $56.25 $10,452.59
23 $10,452.59 $447.52 $0.00 $59.10 $10,959.21
24 $10,959.21 $447.52 $0.00 $61.96 $11,468.69
25 $11,468.69 $447.52 $0.00 $64.85 $11,981.06
26 $11,981.06 $447.52 $0.00 $67.74 $12,496.32
27 $12,496.32 $447.52 $0.00 $70.66 $13,014.50
28 $13,014.50 $447.52 $0.00 $73.59 $13,535.61
29 $13,535.61 $447.52 $0.00 $76.53 $14,059.66
30 $14,059.66 $447.52 $0.00 $79.50 $14,586.68
31 $14,586.68 $447.52 $0.00 $82.48 $15,116.68
32 $15,116.68 $447.52 $0.00 $85.47 $15,649.67
33 $15,649.67 $447.52 $0.00 $88.49 $16,185.68
34 $16,185.68 $447.52 $0.00 $91.52 $16,724.72
35 $16,724.72 $447.52 $0.00 $94.56 $17,266.80
36 $17,266.80 $447.52 $0.00 $97.63 $17,811.95
37 $17,811.95 $447.52 $0.00 $100.71 $18,360.18
38 $18,360.18 $447.52 $0.00 $103.81 $18,911.51
39 $18,911.51 $447.52 $0.00 $106.93 $19,465.96
40 $19,465.96 $447.52 $0.00 $110.06 $20,023.54
41 $20,023.54 $447.52 $0.00 $113.22 $20,584.28
42 $20,584.28 $447.52 $0.00 $116.39 $21,148.19
43 $21,148.19 $447.52 $0.00 $119.57 $21,715.28
44 $21,715.28 $447.52 $0.00 $122.78 $22,285.58
45 $22,285.58 $447.52 $0.00 $126.01 $22,859.11
46 $22,859.11 $447.52 $0.00 $129.25 $23,435.88
47 $23,435.88 $447.52 $0.00 $132.51 $24,015.91
48 $24,015.91 $447.52 $0.00 $135.79 $24,599.22
49 $24,599.22 $447.52 $0.00 $139.09 $25,185.83
50 $25,185.83 $447.52 $0.00 $142.40 $25,775.75
51 $25,775.75 $447.52 $0.00 $145.74 $26,369.01
52 $26,369.01 $447.52 $0.00 $149.09 $26,965.62
53 $26,965.62 $447.52 $0.00 $152.47 $27,565.61
54 $27,565.61 $447.52 $0.00 $155.86 $28,168.99
55 $28,168.99 $447.52 $0.00 $159.27 $28,775.78
56 $28,775.78 $447.52 $0.00 $162.70 $29,386.00
57 $29,386.00 $447.52 $0.00 $166.15 $29,999.67
58 $29,999.67 $447.52 $0.00 $169.62 $30,616.81
59 $30,616.81 $447.52 $0.00 $173.11 $31,237.44
60 $31,237.44 $447.52 $0.00 $176.62 $31,861.58
61 $31,861.58 $447.52 $0.00 $180.15 $32,489.25
62 $32,489.25 $447.52 $0.00 $183.70 $33,120.47
63 $33,120.47 $447.52 $0.00 $187.27 $33,755.26
64 $33,755.26 $447.52 $0.00 $190.86 $34,393.64
65 $34,393.64 $447.52 $0.00 $194.47 $35,035.63
66 $35,035.63 $447.52 $0.00 $198.10 $35,681.25
67 $35,681.25 $447.52 $0.00 $201.75 $36,330.52
68 $36,330.52 $447.52 $0.00 $205.42 $36,983.46
69 $36,983.46 $447.52 $0.00 $209.11 $37,640.09
70 $37,640.09 $447.52 $0.00 $212.82 $38,300.43
71 $38,300.43 $447.52 $0.00 $216.56 $38,964.51
72 $38,964.51 $447.52 $0.00 $220.31 $39,632.34
73 $39,632.34 $447.52 $0.00 $224.09 $40,303.95
74 $40,303.95 $447.52 $0.00 $227.88 $40,979.35
75 $40,979.35 $447.52 $0.00 $231.70 $41,658.57
76 $41,658.57 $447.52 $0.00 $235.54 $42,341.63
77 $42,341.63 $447.52 $0.00 $239.41 $43,028.56
78 $43,028.56 $447.52 $0.00 $243.29 $43,719.37
79 $43,719.37 $447.52 $0.00 $247.20 $44,414.09
80 $44,414.09 $447.52 $0.00 $251.12 $45,112.73
81 $45,112.73 $447.52 $0.00 $255.07 $45,815.32
82 $45,815.32 $447.52 $0.00 $259.05 $46,521.89
83 $46,521.89 $447.52 $0.00 $263.04 $47,232.45
84 $47,232.45 $447.52 $0.00 $267.06 $47,947.03
85 $47,947.03 $447.52 $0.00 $271.10 $48,665.65
86 $48,665.65 $447.52 $0.00 $275.16 $49,388.33
87 $49,388.33 $447.52 $0.00 $279.25 $50,115.10
88 $50,115.10 $447.52 $0.00 $283.36 $50,845.98
89 $50,845.98 $447.52 $0.00 $287.49 $51,580.99
90 $51,580.99 $447.52 $0.00 $291.65 $52,320.16
91 $52,320.16 $447.52 $0.00 $295.83 $53,063.51
92 $53,063.51 $447.52 $0.00 $300.03 $53,811.06
93 $53,811.06 $447.52 $0.00 $304.26 $54,562.84
94 $54,562.84 $447.52 $0.00 $308.51 $55,318.87
95 $55,318.87 $447.52 $0.00 $312.78 $56,079.17
96 $56,079.17 $447.52 $0.00 $317.08 $56,843.77
97 $56,843.77 $447.52 $0.00 $321.40 $57,612.69
98 $57,612.69 $447.52 $0.00 $325.75 $58,385.96
99 $58,385.96 $447.52 $0.00 $330.12 $59,163.60
100 $59,163.60 $447.52 $0.00 $334.52 $59,945.64
101 $59,945.64 $447.52 $0.00 $338.94 $60,732.10
102 $60,732.10 $447.52 $0.00 $343.39 $61,523.01
103 $61,523.01 $447.52 $0.00 $347.86 $62,318.39
104 $62,318.39 $447.52 $0.00 $352.36 $63,118.27
105 $63,118.27 $447.52 $0.00 $356.88 $63,922.67
106 $63,922.67 $447.52 $0.00 $361.43 $64,731.62
107 $64,731.62 $447.52 $0.00 $366.00 $65,545.14
108 $65,545.14 $447.52 $0.00 $370.60 $66,363.26
109 $66,363.26 $447.52 $0.00 $375.23 $67,186.01
110 $67,186.01 $447.52 $0.00 $379.88 $68,013.41
111 $68,013.41 $447.52 $0.00 $384.56 $68,845.49
112 $68,845.49 $447.52 $0.00 $389.26 $69,682.27
113 $69,682.27 $447.52 $0.00 $393.99 $70,523.78
114 $70,523.78 $447.52 $0.00 $398.75 $71,370.05
115 $71,370.05 $447.52 $0.00 $403.54 $72,221.11
116 $72,221.11 $447.52 $0.00 $408.35 $73,076.98
117 $73,076.98 $447.52 $0.00 $413.19 $73,937.69
118 $73,937.69 $447.52 $0.00 $418.05 $74,803.26
119 $74,803.26 $447.52 $0.00 $422.95 $75,673.73
120 $75,673.73 $447.52 $0.00 $427.87 $76,549.12
121 $76,549.12 $447.52 $0.00 $432.82 $77,429.46
122 $77,429.46 $447.52 $0.00 $437.80 $78,314.78
123 $78,314.78 $447.52 $0.00 $442.80 $79,205.10
124 $79,205.10 $447.52 $0.00 $447.84 $80,100.46
125 $80,100.46 $447.52 $0.00 $452.90 $81,000.88
126 $81,000.88 $447.52 $0.00 $457.99 $81,906.39
127 $81,906.39 $447.52 $0.00 $463.11 $82,817.02
128 $82,817.02 $447.52 $0.00 $468.26 $83,732.80
129 $83,732.80 $447.52 $0.00 $473.44 $84,653.76
130 $84,653.76 $447.52 $0.00 $478.64 $85,579.92
131 $85,579.92 $447.52 $0.00 $483.88 $86,511.32
132 $86,511.32 $447.52 $0.00 $489.15 $87,447.99
133 $87,447.99 $447.52 $0.00 $494.44 $88,389.95
134 $88,389.95 $447.52 $0.00 $499.77 $89,337.24
135 $89,337.24 $447.52 $0.00 $505.13 $90,289.89
136 $90,289.89 $447.52 $0.00 $510.51 $91,247.92
137 $91,247.92 $447.52 $0.00 $515.93 $92,211.37
138 $92,211.37 $447.52 $0.00 $521.38 $93,180.27
139 $93,180.27 $447.52 $0.00 $526.85 $94,154.64
140 $94,154.64 $447.52 $0.00 $532.36 $95,134.52
141 $95,134.52 $447.52 $0.00 $537.90 $96,119.94
142 $96,119.94 $447.52 $0.00 $543.48 $97,110.94
143 $97,110.94 $447.52 $0.00 $549.08 $98,107.54
144 $98,107.54 $447.52 $0.00 $554.71 $99,109.77
145 $99,109.77 $447.52 $0.00 $560.38 $100,117.67
146 $100,117.67 $447.52 $0.00 $566.08 $101,131.27
147 $101,131.27 $447.52 $0.00 $571.81 $102,150.60
148 $102,150.60 $447.52 $0.00 $577.57 $103,175.69
149 $103,175.69 $447.52 $0.00 $583.37 $104,206.58
150 $104,206.58 $447.52 $0.00 $589.20 $105,243.30
151 $105,243.30 $447.52 $0.00 $595.06 $106,285.88
152 $106,285.88 $447.52 $0.00 $600.96 $107,334.36
153 $107,334.36 $447.52 $0.00 $606.88 $108,388.76
154 $108,388.76 $447.52 $0.00 $612.85 $109,449.13
155 $109,449.13 $447.52 $0.00 $618.84 $110,515.49
156 $110,515.49 $447.52 $0.00 $624.87 $111,587.88
157 $111,587.88 $447.52 $0.00 $630.93 $112,666.33
158 $112,666.33 $447.52 $0.00 $637.03 $113,750.88
159 $113,750.88 $447.52 $0.00 $643.16 $114,841.56
160 $114,841.56 $447.52 $0.00 $649.33 $115,938.41
161 $115,938.41 $447.52 $0.00 $655.53 $117,041.46
162 $117,041.46 $447.52 $0.00 $661.77 $118,150.75
163 $118,150.75 $447.52 $0.00 $668.04 $119,266.31
164 $119,266.31 $447.52 $0.00 $674.35 $120,388.18
165 $120,388.18 $447.52 $0.00 $680.69 $121,516.39
166 $121,516.39 $447.52 $0.00 $687.07 $122,650.98
167 $122,650.98 $447.52 $0.00 $693.49 $123,791.99
168 $123,791.99 $447.52 $0.00 $699.94 $124,939.45
169 $124,939.45 $447.52 $0.00 $706.43 $126,093.40
170 $126,093.40 $447.52 $0.00 $712.95 $127,253.87
171 $127,253.87 $447.52 $0.00 $719.51 $128,420.90
172 $128,420.90 $447.52 $0.00 $726.11 $129,594.53
173 $129,594.53 $447.52 $0.00 $732.75 $130,774.80
174 $130,774.80 $447.52 $0.00 $739.42 $131,961.74
175 $131,961.74 $447.52 $0.00 $746.13 $133,155.39
176 $133,155.39 $447.52 $0.00 $752.88 $134,355.79
177 $134,355.79 $447.52 $0.00 $759.67 $135,562.98
178 $135,562.98 $447.52 $0.00 $766.49 $136,776.99
179 $136,776.99 $447.52 $0.00 $773.36 $137,997.87
180 $137,997.87 $447.52 $0.00 $780.26 $139,225.65
181 $139,225.65 $447.52 $0.00 $787.20 $140,460.37
182 $140,460.37 $447.52 $0.00 $794.18 $141,702.07
183 $141,702.07 $447.52 $0.00 $801.20 $142,950.79
184 $142,950.79 $447.52 $0.00 $808.26 $144,206.57
185 $144,206.57 $447.52 $0.00 $815.36 $145,469.45
186 $145,469.45 $447.52 $0.00 $822.51 $146,739.48
187 $146,739.48 $447.52 $0.00 $829.69 $148,016.69
188 $148,016.69 $447.52 $0.00 $836.91 $149,301.12
189 $149,301.12 $447.52 $0.00 $844.17 $150,592.81
190 $150,592.81 $447.52 $0.00 $851.47 $151,891.80
191 $151,891.80 $447.52 $0.00 $858.82 $153,198.14
192 $153,198.14 $447.52 $0.00 $866.20 $154,511.86
193 $154,511.86 $447.52 $0.00 $873.63 $155,833.01
194 $155,833.01 $447.52 $0.00 $881.10 $157,161.63
195 $157,161.63 $447.52 $0.00 $888.61 $158,497.76
196 $158,497.76 $447.52 $0.00 $896.17 $159,841.45
197 $159,841.45 $447.52 $0.00 $903.77 $161,192.74
198 $161,192.74 $447.52 $0.00 $911.41 $162,551.67
199 $162,551.67 $447.52 $0.00 $919.09 $163,918.28
200 $163,918.28 $447.52 $0.00 $926.82 $165,292.62
201 $165,292.62 $447.52 $0.00 $934.59 $166,674.73
202 $166,674.73 $447.52 $0.00 $942.40 $168,064.65
203 $168,064.65 $447.52 $0.00 $950.26 $169,462.43
204 $169,462.43 $447.52 $0.00 $958.17 $170,868.12
205 $170,868.12 $447.52 $0.00 $966.11 $172,281.75
206 $172,281.75 $447.52 $0.00 $974.11 $173,703.38
207 $173,703.38 $447.52 $0.00 $982.14 $175,133.04
208 $175,133.04 $447.52 $0.00 $990.23 $176,570.79
209 $176,570.79 $447.52 $0.00 $998.36 $178,016.67
210 $178,016.67 $447.52 $0.00 $1,006.53 $179,470.72
211 $179,470.72 $447.52 $0.00 $1,014.75 $180,932.99
212 $180,932.99 $447.52 $0.00 $1,023.02 $182,403.53
213 $182,403.53 $447.52 $0.00 $1,031.34 $183,882.39
214 $183,882.39 $447.52 $0.00 $1,039.70 $185,369.61
215 $185,369.61 $447.52 $0.00 $1,048.11 $186,865.24
216 $186,865.24 $447.52 $0.00 $1,056.56 $188,369.32
217 $188,369.32 $447.52 $52,466.71 $1,065.07 $137,415.20
218 $137,415.20 $447.52 $0.00 $776.97 $138,639.69
219 $138,639.69 $447.52 $0.00 $783.89 $139,871.10
220 $139,871.10 $447.52 $0.00 $790.85 $141,109.47
221 $141,109.47 $447.52 $0.00 $797.85 $142,354.84
222 $142,354.84 $447.52 $0.00 $804.89 $143,607.25
223 $143,607.25 $447.52 $0.00 $811.98 $144,866.75
224 $144,866.75 $447.52 $0.00 $819.10 $146,133.37
225 $146,133.37 $447.52 $0.00 $826.26 $147,407.15
226 $147,407.15 $447.52 $0.00 $833.46 $148,688.13
227 $148,688.13 $447.52 $0.00 $840.70 $149,976.35
228 $149,976.35 $447.52 $0.00 $847.99 $151,271.86
229 $151,271.86 $447.52 $55,090.04 $855.31 $97,484.65
230 $97,484.65 $447.52 $0.00 $551.19 $98,483.36
231 $98,483.36 $447.52 $0.00 $556.84 $99,487.72
232 $99,487.72 $447.52 $0.00 $562.52 $100,497.76
233 $100,497.76 $447.52 $0.00 $568.23 $101,513.51
234 $101,513.51 $447.52 $0.00 $573.97 $102,535.00
235 $102,535.00 $447.52 $0.00 $579.75 $103,562.27
236 $103,562.27 $447.52 $0.00 $585.56 $104,595.35
237 $104,595.35 $447.52 $0.00 $591.40 $105,634.27
238 $105,634.27 $447.52 $0.00 $597.27 $106,679.06
239 $106,679.06 $447.52 $0.00 $603.18 $107,729.76
240 $107,729.76 $447.52 $0.00 $609.12 $108,786.40
241 $108,786.40 $447.52 $57,844.54 $615.09 $52,004.47
242 $52,004.47 $447.52 $0.00 $294.04 $52,746.03
243 $52,746.03 $447.52 $0.00 $298.23 $53,491.78
244 $53,491.78 $447.52 $0.00 $302.45 $54,241.75
245 $54,241.75 $447.52 $0.00 $306.69 $54,995.96
246 $54,995.96 $447.52 $0.00 $310.96 $55,754.44
247 $55,754.44 $447.52 $0.00 $315.24 $56,517.20
248 $56,517.20 $447.52 $0.00 $319.56 $57,284.28
249 $57,284.28 $447.52 $0.00 $323.89 $58,055.69
250 $58,055.69 $447.52 $0.00 $328.26 $58,831.47
251 $58,831.47 $447.52 $0.00 $332.64 $59,611.63
252 $59,611.63 $447.52 $0.00 $337.05 $60,396.20
253 $60,396.20 $0.00 $60,736.77 $341.49 $0.92