Savings Plan and Future Cost Estimation for Indiana University Purdue University Fort Wayne

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$89,432
Monthly savings required$707

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 $357,729.87 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $706.81 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$23,838.00
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 $706.81 $0.00 $0.00 $706.81
2 $706.81 $706.81 $0.00 $4.00 $1,417.62
3 $1,417.62 $706.81 $0.00 $8.02 $2,132.45
4 $2,132.45 $706.81 $0.00 $12.06 $2,851.32
5 $2,851.32 $706.81 $0.00 $16.12 $3,574.25
6 $3,574.25 $706.81 $0.00 $20.21 $4,301.27
7 $4,301.27 $706.81 $0.00 $24.32 $5,032.40
8 $5,032.40 $706.81 $0.00 $28.45 $5,767.66
9 $5,767.66 $706.81 $0.00 $32.61 $6,507.08
10 $6,507.08 $706.81 $0.00 $36.79 $7,250.68
11 $7,250.68 $706.81 $0.00 $41.00 $7,998.49
12 $7,998.49 $706.81 $0.00 $45.22 $8,750.52
13 $8,750.52 $706.81 $0.00 $49.48 $9,506.81
14 $9,506.81 $706.81 $0.00 $53.75 $10,267.37
15 $10,267.37 $706.81 $0.00 $58.05 $11,032.23
16 $11,032.23 $706.81 $0.00 $62.38 $11,801.42
17 $11,801.42 $706.81 $0.00 $66.73 $12,574.96
18 $12,574.96 $706.81 $0.00 $71.10 $13,352.87
19 $13,352.87 $706.81 $0.00 $75.50 $14,135.18
20 $14,135.18 $706.81 $0.00 $79.92 $14,921.91
21 $14,921.91 $706.81 $0.00 $84.37 $15,713.09
22 $15,713.09 $706.81 $0.00 $88.84 $16,508.74
23 $16,508.74 $706.81 $0.00 $93.34 $17,308.89
24 $17,308.89 $706.81 $0.00 $97.87 $18,113.57
25 $18,113.57 $706.81 $0.00 $102.42 $18,922.80
26 $18,922.80 $706.81 $0.00 $106.99 $19,736.60
27 $19,736.60 $706.81 $0.00 $111.59 $20,555.00
28 $20,555.00 $706.81 $0.00 $116.22 $21,378.03
29 $21,378.03 $706.81 $0.00 $120.87 $22,205.71
30 $22,205.71 $706.81 $0.00 $125.55 $23,038.07
31 $23,038.07 $706.81 $0.00 $130.26 $23,875.14
32 $23,875.14 $706.81 $0.00 $134.99 $24,716.94
33 $24,716.94 $706.81 $0.00 $139.75 $25,563.50
34 $25,563.50 $706.81 $0.00 $144.54 $26,414.85
35 $26,414.85 $706.81 $0.00 $149.35 $27,271.01
36 $27,271.01 $706.81 $0.00 $154.19 $28,132.01
37 $28,132.01 $706.81 $0.00 $159.06 $28,997.88
38 $28,997.88 $706.81 $0.00 $163.96 $29,868.65
39 $29,868.65 $706.81 $0.00 $168.88 $30,744.34
40 $30,744.34 $706.81 $0.00 $173.83 $31,624.98
41 $31,624.98 $706.81 $0.00 $178.81 $32,510.60
42 $32,510.60 $706.81 $0.00 $183.82 $33,401.23
43 $33,401.23 $706.81 $0.00 $188.86 $34,296.90
44 $34,296.90 $706.81 $0.00 $193.92 $35,197.63
45 $35,197.63 $706.81 $0.00 $199.01 $36,103.45
46 $36,103.45 $706.81 $0.00 $204.13 $37,014.39
47 $37,014.39 $706.81 $0.00 $209.28 $37,930.48
48 $37,930.48 $706.81 $0.00 $214.46 $38,851.75
49 $38,851.75 $706.81 $0.00 $219.67 $39,778.23
50 $39,778.23 $706.81 $0.00 $224.91 $40,709.95
51 $40,709.95 $706.81 $0.00 $230.18 $41,646.94
52 $41,646.94 $706.81 $0.00 $235.48 $42,589.23
53 $42,589.23 $706.81 $0.00 $240.81 $43,536.85
54 $43,536.85 $706.81 $0.00 $246.16 $44,489.82
55 $44,489.82 $706.81 $0.00 $251.55 $45,448.18
56 $45,448.18 $706.81 $0.00 $256.97 $46,411.96
57 $46,411.96 $706.81 $0.00 $262.42 $47,381.19
58 $47,381.19 $706.81 $0.00 $267.90 $48,355.90
59 $48,355.90 $706.81 $0.00 $273.41 $49,336.12
60 $49,336.12 $706.81 $0.00 $278.95 $50,321.88
61 $50,321.88 $706.81 $0.00 $284.53 $51,313.22
62 $51,313.22 $706.81 $0.00 $290.13 $52,310.16
63 $52,310.16 $706.81 $0.00 $295.77 $53,312.74
64 $53,312.74 $706.81 $0.00 $301.44 $54,320.99
65 $54,320.99 $706.81 $0.00 $307.14 $55,334.94
66 $55,334.94 $706.81 $0.00 $312.87 $56,354.62
67 $56,354.62 $706.81 $0.00 $318.64 $57,380.07
68 $57,380.07 $706.81 $0.00 $324.44 $58,411.32
69 $58,411.32 $706.81 $0.00 $330.27 $59,448.40
70 $59,448.40 $706.81 $0.00 $336.13 $60,491.34
71 $60,491.34 $706.81 $0.00 $342.03 $61,540.18
72 $61,540.18 $706.81 $0.00 $347.96 $62,594.95
73 $62,594.95 $706.81 $0.00 $353.92 $63,655.68
74 $63,655.68 $706.81 $0.00 $359.92 $64,722.41
75 $64,722.41 $706.81 $0.00 $365.95 $65,795.17
76 $65,795.17 $706.81 $0.00 $372.02 $66,874.00
77 $66,874.00 $706.81 $0.00 $378.12 $67,958.93
78 $67,958.93 $706.81 $0.00 $384.25 $69,049.99
79 $69,049.99 $706.81 $0.00 $390.42 $70,147.22
80 $70,147.22 $706.81 $0.00 $396.62 $71,250.65
81 $71,250.65 $706.81 $0.00 $402.86 $72,360.32
82 $72,360.32 $706.81 $0.00 $409.14 $73,476.27
83 $73,476.27 $706.81 $0.00 $415.45 $74,598.53
84 $74,598.53 $706.81 $0.00 $421.79 $75,727.13
85 $75,727.13 $706.81 $0.00 $428.17 $76,862.11
86 $76,862.11 $706.81 $0.00 $434.59 $78,003.51
87 $78,003.51 $706.81 $0.00 $441.04 $79,151.36
88 $79,151.36 $706.81 $0.00 $447.53 $80,305.70
89 $80,305.70 $706.81 $0.00 $454.06 $81,466.57
90 $81,466.57 $706.81 $0.00 $460.62 $82,634.00
91 $82,634.00 $706.81 $0.00 $467.22 $83,808.03
92 $83,808.03 $706.81 $0.00 $473.86 $84,988.70
93 $84,988.70 $706.81 $0.00 $480.54 $86,176.05
94 $86,176.05 $706.81 $0.00 $487.25 $87,370.11
95 $87,370.11 $706.81 $0.00 $494.00 $88,570.92
96 $88,570.92 $706.81 $0.00 $500.79 $89,778.52
97 $89,778.52 $706.81 $0.00 $507.62 $90,992.95
98 $90,992.95 $706.81 $0.00 $514.49 $92,214.25
99 $92,214.25 $706.81 $0.00 $521.39 $93,442.45
100 $93,442.45 $706.81 $0.00 $528.34 $94,677.60
101 $94,677.60 $706.81 $0.00 $535.32 $95,919.73
102 $95,919.73 $706.81 $0.00 $542.34 $97,168.88
103 $97,168.88 $706.81 $0.00 $549.41 $98,425.10
104 $98,425.10 $706.81 $0.00 $556.51 $99,688.42
105 $99,688.42 $706.81 $0.00 $563.65 $100,958.88
106 $100,958.88 $706.81 $0.00 $570.84 $102,236.53
107 $102,236.53 $706.81 $0.00 $578.06 $103,521.40
108 $103,521.40 $706.81 $0.00 $585.33 $104,813.54
109 $104,813.54 $706.81 $0.00 $592.63 $106,112.98
110 $106,112.98 $706.81 $0.00 $599.98 $107,419.77
111 $107,419.77 $706.81 $0.00 $607.37 $108,733.95
112 $108,733.95 $706.81 $0.00 $614.80 $110,055.56
113 $110,055.56 $706.81 $0.00 $622.27 $111,384.64
114 $111,384.64 $706.81 $0.00 $629.78 $112,721.23
115 $112,721.23 $706.81 $0.00 $637.34 $114,065.38
116 $114,065.38 $706.81 $0.00 $644.94 $115,417.13
117 $115,417.13 $706.81 $0.00 $652.59 $116,776.53
118 $116,776.53 $706.81 $0.00 $660.27 $118,143.61
119 $118,143.61 $706.81 $0.00 $668.00 $119,518.42
120 $119,518.42 $706.81 $0.00 $675.77 $120,901.00
121 $120,901.00 $706.81 $0.00 $683.59 $122,291.40
122 $122,291.40 $706.81 $0.00 $691.45 $123,689.66
123 $123,689.66 $706.81 $0.00 $699.36 $125,095.83
124 $125,095.83 $706.81 $0.00 $707.31 $126,509.95
125 $126,509.95 $706.81 $0.00 $715.31 $127,932.07
126 $127,932.07 $706.81 $0.00 $723.35 $129,362.23
127 $129,362.23 $706.81 $0.00 $731.43 $130,800.47
128 $130,800.47 $706.81 $0.00 $739.56 $132,246.84
129 $132,246.84 $706.81 $0.00 $747.74 $133,701.39
130 $133,701.39 $706.81 $0.00 $755.97 $135,164.17
131 $135,164.17 $706.81 $0.00 $764.24 $136,635.22
132 $136,635.22 $706.81 $0.00 $772.56 $138,114.59
133 $138,114.59 $706.81 $0.00 $780.92 $139,602.32
134 $139,602.32 $706.81 $0.00 $789.33 $141,098.46
135 $141,098.46 $706.81 $0.00 $797.79 $142,603.06
136 $142,603.06 $706.81 $0.00 $806.30 $144,116.17
137 $144,116.17 $706.81 $0.00 $814.85 $145,637.83
138 $145,637.83 $706.81 $0.00 $823.46 $147,168.10
139 $147,168.10 $706.81 $0.00 $832.11 $148,707.02
140 $148,707.02 $706.81 $0.00 $840.81 $150,254.64
141 $150,254.64 $706.81 $0.00 $849.56 $151,811.01
142 $151,811.01 $706.81 $0.00 $858.36 $153,376.18
143 $153,376.18 $706.81 $0.00 $867.21 $154,950.20
144 $154,950.20 $706.81 $0.00 $876.11 $156,533.12
145 $156,533.12 $706.81 $0.00 $885.06 $158,124.99
146 $158,124.99 $706.81 $0.00 $894.06 $159,725.86
147 $159,725.86 $706.81 $0.00 $903.11 $161,335.78
148 $161,335.78 $706.81 $0.00 $912.22 $162,954.81
149 $162,954.81 $706.81 $0.00 $921.37 $164,582.99
150 $164,582.99 $706.81 $0.00 $930.58 $166,220.38
151 $166,220.38 $706.81 $0.00 $939.83 $167,867.02
152 $167,867.02 $706.81 $0.00 $949.14 $169,522.97
153 $169,522.97 $706.81 $0.00 $958.51 $171,188.29
154 $171,188.29 $706.81 $0.00 $967.92 $172,863.02
155 $172,863.02 $706.81 $0.00 $977.39 $174,547.22
156 $174,547.22 $706.81 $0.00 $986.92 $176,240.95
157 $176,240.95 $706.81 $0.00 $996.49 $177,944.25
158 $177,944.25 $706.81 $0.00 $1,006.12 $179,657.18
159 $179,657.18 $706.81 $0.00 $1,015.81 $181,379.80
160 $181,379.80 $706.81 $0.00 $1,025.55 $183,112.16
161 $183,112.16 $706.81 $0.00 $1,035.34 $184,854.31
162 $184,854.31 $706.81 $0.00 $1,045.19 $186,606.31
163 $186,606.31 $706.81 $0.00 $1,055.10 $188,368.22
164 $188,368.22 $706.81 $0.00 $1,065.06 $190,140.09
165 $190,140.09 $706.81 $0.00 $1,075.08 $191,921.98
166 $191,921.98 $706.81 $0.00 $1,085.15 $193,713.94
167 $193,713.94 $706.81 $0.00 $1,095.29 $195,516.04
168 $195,516.04 $706.81 $0.00 $1,105.48 $197,328.33
169 $197,328.33 $706.81 $0.00 $1,115.72 $199,150.86
170 $199,150.86 $706.81 $0.00 $1,126.03 $200,983.70
171 $200,983.70 $706.81 $0.00 $1,136.39 $202,826.90
172 $202,826.90 $706.81 $0.00 $1,146.81 $204,680.52
173 $204,680.52 $706.81 $0.00 $1,157.29 $206,544.62
174 $206,544.62 $706.81 $0.00 $1,167.83 $208,419.26
175 $208,419.26 $706.81 $0.00 $1,178.43 $210,304.50
176 $210,304.50 $706.81 $0.00 $1,189.09 $212,200.40
177 $212,200.40 $706.81 $0.00 $1,199.81 $214,107.02
178 $214,107.02 $706.81 $0.00 $1,210.59 $216,024.42
179 $216,024.42 $706.81 $0.00 $1,221.43 $217,952.66
180 $217,952.66 $706.81 $0.00 $1,232.34 $219,891.81
181 $219,891.81 $706.81 $0.00 $1,243.30 $221,841.92
182 $221,841.92 $706.81 $0.00 $1,254.33 $223,803.06
183 $223,803.06 $706.81 $0.00 $1,265.42 $225,775.29
184 $225,775.29 $706.81 $0.00 $1,276.57 $227,758.67
185 $227,758.67 $706.81 $0.00 $1,287.78 $229,753.26
186 $229,753.26 $706.81 $0.00 $1,299.06 $231,759.13
187 $231,759.13 $706.81 $0.00 $1,310.40 $233,776.34
188 $233,776.34 $706.81 $0.00 $1,321.81 $235,804.96
189 $235,804.96 $706.81 $0.00 $1,333.28 $237,845.05
190 $237,845.05 $706.81 $0.00 $1,344.81 $239,896.67
191 $239,896.67 $706.81 $0.00 $1,356.41 $241,959.89
192 $241,959.89 $706.81 $0.00 $1,368.08 $244,034.78
193 $244,034.78 $706.81 $0.00 $1,379.81 $246,121.40
194 $246,121.40 $706.81 $0.00 $1,391.61 $248,219.82
195 $248,219.82 $706.81 $0.00 $1,403.47 $250,330.10
196 $250,330.10 $706.81 $0.00 $1,415.40 $252,452.31
197 $252,452.31 $706.81 $0.00 $1,427.40 $254,586.52
198 $254,586.52 $706.81 $0.00 $1,439.47 $256,732.80
199 $256,732.80 $706.81 $0.00 $1,451.60 $258,891.21
200 $258,891.21 $706.81 $0.00 $1,463.81 $261,061.83
201 $261,061.83 $706.81 $0.00 $1,476.08 $263,244.72
202 $263,244.72 $706.81 $0.00 $1,488.42 $265,439.95
203 $265,439.95 $706.81 $0.00 $1,500.84 $267,647.60
204 $267,647.60 $706.81 $0.00 $1,513.32 $269,867.73
205 $269,867.73 $706.81 $0.00 $1,525.87 $272,100.41
206 $272,100.41 $706.81 $0.00 $1,538.50 $274,345.72
207 $274,345.72 $706.81 $0.00 $1,551.19 $276,603.72
208 $276,603.72 $706.81 $0.00 $1,563.96 $278,874.49
209 $278,874.49 $706.81 $0.00 $1,576.80 $281,158.10
210 $281,158.10 $706.81 $0.00 $1,589.71 $283,454.62
211 $283,454.62 $706.81 $0.00 $1,602.69 $285,764.12
212 $285,764.12 $706.81 $0.00 $1,615.75 $288,086.68
213 $288,086.68 $706.81 $0.00 $1,628.88 $290,422.37
214 $290,422.37 $706.81 $0.00 $1,642.09 $292,771.27
215 $292,771.27 $706.81 $0.00 $1,655.37 $295,133.45
216 $295,133.45 $706.81 $0.00 $1,668.73 $297,508.99
217 $297,508.99 $706.81 $80,570.83 $1,682.16 $219,327.13
218 $219,327.13 $706.81 $0.00 $1,240.11 $221,274.05
219 $221,274.05 $706.81 $0.00 $1,251.12 $223,231.98
220 $223,231.98 $706.81 $0.00 $1,262.19 $225,200.98
221 $225,200.98 $706.81 $0.00 $1,273.32 $227,181.11
222 $227,181.11 $706.81 $0.00 $1,284.52 $229,172.44
223 $229,172.44 $706.81 $0.00 $1,295.77 $231,175.02
224 $231,175.02 $706.81 $0.00 $1,307.10 $233,188.93
225 $233,188.93 $706.81 $0.00 $1,318.48 $235,214.22
226 $235,214.22 $706.81 $0.00 $1,329.94 $237,250.97
227 $237,250.97 $706.81 $0.00 $1,341.45 $239,299.23
228 $239,299.23 $706.81 $0.00 $1,353.03 $241,359.07
229 $241,359.07 $706.81 $86,210.78 $1,364.68 $157,219.78
230 $157,219.78 $706.81 $0.00 $888.94 $158,815.53
231 $158,815.53 $706.81 $0.00 $897.97 $160,420.31
232 $160,420.31 $706.81 $0.00 $907.04 $162,034.16
233 $162,034.16 $706.81 $0.00 $916.16 $163,657.13
234 $163,657.13 $706.81 $0.00 $925.34 $165,289.28
235 $165,289.28 $706.81 $0.00 $934.57 $166,930.66
236 $166,930.66 $706.81 $0.00 $943.85 $168,581.32
237 $168,581.32 $706.81 $0.00 $953.18 $170,241.31
238 $170,241.31 $706.81 $0.00 $962.57 $171,910.69
239 $171,910.69 $706.81 $0.00 $972.01 $173,589.51
240 $173,589.51 $706.81 $0.00 $981.50 $175,277.82
241 $175,277.82 $706.81 $92,245.54 $991.05 $84,730.14
242 $84,730.14 $706.81 $0.00 $479.08 $85,916.03
243 $85,916.03 $706.81 $0.00 $485.78 $87,108.62
244 $87,108.62 $706.81 $0.00 $492.52 $88,307.95
245 $88,307.95 $706.81 $0.00 $499.31 $89,514.07
246 $89,514.07 $706.81 $0.00 $506.13 $90,727.01
247 $90,727.01 $706.81 $0.00 $512.98 $91,946.80
248 $91,946.80 $706.81 $0.00 $519.88 $93,173.49
249 $93,173.49 $706.81 $0.00 $526.82 $94,407.12
250 $94,407.12 $706.81 $0.00 $533.79 $95,647.72
251 $95,647.72 $706.81 $0.00 $540.81 $96,895.34
252 $96,895.34 $706.81 $0.00 $547.86 $98,150.01
253 $98,150.01 $0.00 $98,702.73 $554.95 $2.23