Savings Plan and Future Cost Estimation for William Penn University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$156,445
Monthly savings required$1,236

How much will it cost to send your child to William Penn University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $625,779.67 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,236.42 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$41,700.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,236.42 $0.00 $0.00 $1,236.42
2 $1,236.42 $1,236.42 $0.00 $6.99 $2,479.83
3 $2,479.83 $1,236.42 $0.00 $14.02 $3,730.27
4 $3,730.27 $1,236.42 $0.00 $21.09 $4,987.78
5 $4,987.78 $1,236.42 $0.00 $28.20 $6,252.40
6 $6,252.40 $1,236.42 $0.00 $35.35 $7,524.17
7 $7,524.17 $1,236.42 $0.00 $42.54 $8,803.13
8 $8,803.13 $1,236.42 $0.00 $49.77 $10,089.32
9 $10,089.32 $1,236.42 $0.00 $57.05 $11,382.79
10 $11,382.79 $1,236.42 $0.00 $64.36 $12,683.57
11 $12,683.57 $1,236.42 $0.00 $71.71 $13,991.70
12 $13,991.70 $1,236.42 $0.00 $79.11 $15,307.23
13 $15,307.23 $1,236.42 $0.00 $86.55 $16,630.20
14 $16,630.20 $1,236.42 $0.00 $94.03 $17,960.65
15 $17,960.65 $1,236.42 $0.00 $101.55 $19,298.62
16 $19,298.62 $1,236.42 $0.00 $109.12 $20,644.16
17 $20,644.16 $1,236.42 $0.00 $116.73 $21,997.31
18 $21,997.31 $1,236.42 $0.00 $124.38 $23,358.11
19 $23,358.11 $1,236.42 $0.00 $132.07 $24,726.60
20 $24,726.60 $1,236.42 $0.00 $139.81 $26,102.83
21 $26,102.83 $1,236.42 $0.00 $147.59 $27,486.84
22 $27,486.84 $1,236.42 $0.00 $155.41 $28,878.67
23 $28,878.67 $1,236.42 $0.00 $163.28 $30,278.37
24 $30,278.37 $1,236.42 $0.00 $171.20 $31,685.99
25 $31,685.99 $1,236.42 $0.00 $179.16 $33,101.57
26 $33,101.57 $1,236.42 $0.00 $187.16 $34,525.15
27 $34,525.15 $1,236.42 $0.00 $195.21 $35,956.78
28 $35,956.78 $1,236.42 $0.00 $203.30 $37,396.50
29 $37,396.50 $1,236.42 $0.00 $211.45 $38,844.37
30 $38,844.37 $1,236.42 $0.00 $219.63 $40,300.42
31 $40,300.42 $1,236.42 $0.00 $227.86 $41,764.70
32 $41,764.70 $1,236.42 $0.00 $236.14 $43,237.26
33 $43,237.26 $1,236.42 $0.00 $244.47 $44,718.15
34 $44,718.15 $1,236.42 $0.00 $252.84 $46,207.41
35 $46,207.41 $1,236.42 $0.00 $261.26 $47,705.09
36 $47,705.09 $1,236.42 $0.00 $269.73 $49,211.24
37 $49,211.24 $1,236.42 $0.00 $278.25 $50,725.91
38 $50,725.91 $1,236.42 $0.00 $286.81 $52,249.14
39 $52,249.14 $1,236.42 $0.00 $295.42 $53,780.98
40 $53,780.98 $1,236.42 $0.00 $304.09 $55,321.49
41 $55,321.49 $1,236.42 $0.00 $312.80 $56,870.71
42 $56,870.71 $1,236.42 $0.00 $321.56 $58,428.69
43 $58,428.69 $1,236.42 $0.00 $330.36 $59,995.47
44 $59,995.47 $1,236.42 $0.00 $339.22 $61,571.11
45 $61,571.11 $1,236.42 $0.00 $348.13 $63,155.66
46 $63,155.66 $1,236.42 $0.00 $357.09 $64,749.17
47 $64,749.17 $1,236.42 $0.00 $366.10 $66,351.69
48 $66,351.69 $1,236.42 $0.00 $375.16 $67,963.27
49 $67,963.27 $1,236.42 $0.00 $384.27 $69,583.96
50 $69,583.96 $1,236.42 $0.00 $393.44 $71,213.82
51 $71,213.82 $1,236.42 $0.00 $402.65 $72,852.89
52 $72,852.89 $1,236.42 $0.00 $411.92 $74,501.23
53 $74,501.23 $1,236.42 $0.00 $421.24 $76,158.89
54 $76,158.89 $1,236.42 $0.00 $430.61 $77,825.92
55 $77,825.92 $1,236.42 $0.00 $440.04 $79,502.38
56 $79,502.38 $1,236.42 $0.00 $449.52 $81,188.32
57 $81,188.32 $1,236.42 $0.00 $459.05 $82,883.79
58 $82,883.79 $1,236.42 $0.00 $468.64 $84,588.85
59 $84,588.85 $1,236.42 $0.00 $478.28 $86,303.55
60 $86,303.55 $1,236.42 $0.00 $487.97 $88,027.94
61 $88,027.94 $1,236.42 $0.00 $497.72 $89,762.08
62 $89,762.08 $1,236.42 $0.00 $507.53 $91,506.03
63 $91,506.03 $1,236.42 $0.00 $517.39 $93,259.84
64 $93,259.84 $1,236.42 $0.00 $527.30 $95,023.56
65 $95,023.56 $1,236.42 $0.00 $537.28 $96,797.26
66 $96,797.26 $1,236.42 $0.00 $547.31 $98,580.99
67 $98,580.99 $1,236.42 $0.00 $557.39 $100,374.80
68 $100,374.80 $1,236.42 $0.00 $567.53 $102,178.75
69 $102,178.75 $1,236.42 $0.00 $577.73 $103,992.90
70 $103,992.90 $1,236.42 $0.00 $587.99 $105,817.31
71 $105,817.31 $1,236.42 $0.00 $598.31 $107,652.04
72 $107,652.04 $1,236.42 $0.00 $608.68 $109,497.14
73 $109,497.14 $1,236.42 $0.00 $619.11 $111,352.67
74 $111,352.67 $1,236.42 $0.00 $629.60 $113,218.69
75 $113,218.69 $1,236.42 $0.00 $640.15 $115,095.26
76 $115,095.26 $1,236.42 $0.00 $650.77 $116,982.45
77 $116,982.45 $1,236.42 $0.00 $661.44 $118,880.31
78 $118,880.31 $1,236.42 $0.00 $672.17 $120,788.90
79 $120,788.90 $1,236.42 $0.00 $682.96 $122,708.28
80 $122,708.28 $1,236.42 $0.00 $693.81 $124,638.51
81 $124,638.51 $1,236.42 $0.00 $704.72 $126,579.65
82 $126,579.65 $1,236.42 $0.00 $715.70 $128,531.77
83 $128,531.77 $1,236.42 $0.00 $726.74 $130,494.93
84 $130,494.93 $1,236.42 $0.00 $737.84 $132,469.19
85 $132,469.19 $1,236.42 $0.00 $749.00 $134,454.61
86 $134,454.61 $1,236.42 $0.00 $760.23 $136,451.26
87 $136,451.26 $1,236.42 $0.00 $771.52 $138,459.20
88 $138,459.20 $1,236.42 $0.00 $782.87 $140,478.49
89 $140,478.49 $1,236.42 $0.00 $794.29 $142,509.20
90 $142,509.20 $1,236.42 $0.00 $805.77 $144,551.39
91 $144,551.39 $1,236.42 $0.00 $817.31 $146,605.12
92 $146,605.12 $1,236.42 $0.00 $828.93 $148,670.47
93 $148,670.47 $1,236.42 $0.00 $840.60 $150,747.49
94 $150,747.49 $1,236.42 $0.00 $852.35 $152,836.26
95 $152,836.26 $1,236.42 $0.00 $864.16 $154,936.84
96 $154,936.84 $1,236.42 $0.00 $876.04 $157,049.30
97 $157,049.30 $1,236.42 $0.00 $887.98 $159,173.70
98 $159,173.70 $1,236.42 $0.00 $899.99 $161,310.11
99 $161,310.11 $1,236.42 $0.00 $912.07 $163,458.60
100 $163,458.60 $1,236.42 $0.00 $924.22 $165,619.24
101 $165,619.24 $1,236.42 $0.00 $936.44 $167,792.10
102 $167,792.10 $1,236.42 $0.00 $948.72 $169,977.24
103 $169,977.24 $1,236.42 $0.00 $961.08 $172,174.74
104 $172,174.74 $1,236.42 $0.00 $973.50 $174,384.66
105 $174,384.66 $1,236.42 $0.00 $986.00 $176,607.08
106 $176,607.08 $1,236.42 $0.00 $998.56 $178,842.06
107 $178,842.06 $1,236.42 $0.00 $1,011.20 $181,089.68
108 $181,089.68 $1,236.42 $0.00 $1,023.91 $183,350.01
109 $183,350.01 $1,236.42 $0.00 $1,036.69 $185,623.12
110 $185,623.12 $1,236.42 $0.00 $1,049.54 $187,909.08
111 $187,909.08 $1,236.42 $0.00 $1,062.47 $190,207.97
112 $190,207.97 $1,236.42 $0.00 $1,075.46 $192,519.85
113 $192,519.85 $1,236.42 $0.00 $1,088.54 $194,844.81
114 $194,844.81 $1,236.42 $0.00 $1,101.68 $197,182.91
115 $197,182.91 $1,236.42 $0.00 $1,114.90 $199,534.23
116 $199,534.23 $1,236.42 $0.00 $1,128.20 $201,898.85
117 $201,898.85 $1,236.42 $0.00 $1,141.57 $204,276.84
118 $204,276.84 $1,236.42 $0.00 $1,155.01 $206,668.27
119 $206,668.27 $1,236.42 $0.00 $1,168.53 $209,073.22
120 $209,073.22 $1,236.42 $0.00 $1,182.13 $211,491.77
121 $211,491.77 $1,236.42 $0.00 $1,195.81 $213,924.00
122 $213,924.00 $1,236.42 $0.00 $1,209.56 $216,369.98
123 $216,369.98 $1,236.42 $0.00 $1,223.39 $218,829.79
124 $218,829.79 $1,236.42 $0.00 $1,237.30 $221,303.51
125 $221,303.51 $1,236.42 $0.00 $1,251.28 $223,791.21
126 $223,791.21 $1,236.42 $0.00 $1,265.35 $226,292.98
127 $226,292.98 $1,236.42 $0.00 $1,279.49 $228,808.89
128 $228,808.89 $1,236.42 $0.00 $1,293.72 $231,339.03
129 $231,339.03 $1,236.42 $0.00 $1,308.02 $233,883.47
130 $233,883.47 $1,236.42 $0.00 $1,322.41 $236,442.30
131 $236,442.30 $1,236.42 $0.00 $1,336.88 $239,015.60
132 $239,015.60 $1,236.42 $0.00 $1,351.43 $241,603.45
133 $241,603.45 $1,236.42 $0.00 $1,366.06 $244,205.93
134 $244,205.93 $1,236.42 $0.00 $1,380.78 $246,823.13
135 $246,823.13 $1,236.42 $0.00 $1,395.57 $249,455.12
136 $249,455.12 $1,236.42 $0.00 $1,410.46 $252,102.00
137 $252,102.00 $1,236.42 $0.00 $1,425.42 $254,763.84
138 $254,763.84 $1,236.42 $0.00 $1,440.47 $257,440.73
139 $257,440.73 $1,236.42 $0.00 $1,455.61 $260,132.76
140 $260,132.76 $1,236.42 $0.00 $1,470.83 $262,840.01
141 $262,840.01 $1,236.42 $0.00 $1,486.14 $265,562.57
142 $265,562.57 $1,236.42 $0.00 $1,501.53 $268,300.52
143 $268,300.52 $1,236.42 $0.00 $1,517.01 $271,053.95
144 $271,053.95 $1,236.42 $0.00 $1,532.58 $273,822.95
145 $273,822.95 $1,236.42 $0.00 $1,548.23 $276,607.60
146 $276,607.60 $1,236.42 $0.00 $1,563.98 $279,408.00
147 $279,408.00 $1,236.42 $0.00 $1,579.81 $282,224.23
148 $282,224.23 $1,236.42 $0.00 $1,595.74 $285,056.39
149 $285,056.39 $1,236.42 $0.00 $1,611.75 $287,904.56
150 $287,904.56 $1,236.42 $0.00 $1,627.85 $290,768.83
151 $290,768.83 $1,236.42 $0.00 $1,644.05 $293,649.30
152 $293,649.30 $1,236.42 $0.00 $1,660.34 $296,546.06
153 $296,546.06 $1,236.42 $0.00 $1,676.71 $299,459.19
154 $299,459.19 $1,236.42 $0.00 $1,693.19 $302,388.80
155 $302,388.80 $1,236.42 $0.00 $1,709.75 $305,334.97
156 $305,334.97 $1,236.42 $0.00 $1,726.41 $308,297.80
157 $308,297.80 $1,236.42 $0.00 $1,743.16 $311,277.38
158 $311,277.38 $1,236.42 $0.00 $1,760.01 $314,273.81
159 $314,273.81 $1,236.42 $0.00 $1,776.95 $317,287.18
160 $317,287.18 $1,236.42 $0.00 $1,793.99 $320,317.59
161 $320,317.59 $1,236.42 $0.00 $1,811.12 $323,365.13
162 $323,365.13 $1,236.42 $0.00 $1,828.35 $326,429.90
163 $326,429.90 $1,236.42 $0.00 $1,845.68 $329,512.00
164 $329,512.00 $1,236.42 $0.00 $1,863.11 $332,611.53
165 $332,611.53 $1,236.42 $0.00 $1,880.63 $335,728.58
166 $335,728.58 $1,236.42 $0.00 $1,898.26 $338,863.26
167 $338,863.26 $1,236.42 $0.00 $1,915.98 $342,015.66
168 $342,015.66 $1,236.42 $0.00 $1,933.81 $345,185.89
169 $345,185.89 $1,236.42 $0.00 $1,951.73 $348,374.04
170 $348,374.04 $1,236.42 $0.00 $1,969.76 $351,580.22
171 $351,580.22 $1,236.42 $0.00 $1,987.89 $354,804.53
172 $354,804.53 $1,236.42 $0.00 $2,006.12 $358,047.07
173 $358,047.07 $1,236.42 $0.00 $2,024.45 $361,307.94
174 $361,307.94 $1,236.42 $0.00 $2,042.89 $364,587.25
175 $364,587.25 $1,236.42 $0.00 $2,061.43 $367,885.10
176 $367,885.10 $1,236.42 $0.00 $2,080.08 $371,201.60
177 $371,201.60 $1,236.42 $0.00 $2,098.83 $374,536.85
178 $374,536.85 $1,236.42 $0.00 $2,117.69 $377,890.96
179 $377,890.96 $1,236.42 $0.00 $2,136.65 $381,264.03
180 $381,264.03 $1,236.42 $0.00 $2,155.72 $384,656.17
181 $384,656.17 $1,236.42 $0.00 $2,174.90 $388,067.49
182 $388,067.49 $1,236.42 $0.00 $2,194.19 $391,498.10
183 $391,498.10 $1,236.42 $0.00 $2,213.59 $394,948.11
184 $394,948.11 $1,236.42 $0.00 $2,233.09 $398,417.62
185 $398,417.62 $1,236.42 $0.00 $2,252.71 $401,906.75
186 $401,906.75 $1,236.42 $0.00 $2,272.44 $405,415.61
187 $405,415.61 $1,236.42 $0.00 $2,292.28 $408,944.31
188 $408,944.31 $1,236.42 $0.00 $2,312.23 $412,492.96
189 $412,492.96 $1,236.42 $0.00 $2,332.30 $416,061.68
190 $416,061.68 $1,236.42 $0.00 $2,352.47 $419,650.57
191 $419,650.57 $1,236.42 $0.00 $2,372.77 $423,259.76
192 $423,259.76 $1,236.42 $0.00 $2,393.17 $426,889.35
193 $426,889.35 $1,236.42 $0.00 $2,413.69 $430,539.46
194 $430,539.46 $1,236.42 $0.00 $2,434.33 $434,210.21
195 $434,210.21 $1,236.42 $0.00 $2,455.09 $437,901.72
196 $437,901.72 $1,236.42 $0.00 $2,475.96 $441,614.10
197 $441,614.10 $1,236.42 $0.00 $2,496.95 $445,347.47
198 $445,347.47 $1,236.42 $0.00 $2,518.06 $449,101.95
199 $449,101.95 $1,236.42 $0.00 $2,539.29 $452,877.66
200 $452,877.66 $1,236.42 $0.00 $2,560.64 $456,674.72
201 $456,674.72 $1,236.42 $0.00 $2,582.11 $460,493.25
202 $460,493.25 $1,236.42 $0.00 $2,603.70 $464,333.37
203 $464,333.37 $1,236.42 $0.00 $2,625.41 $468,195.20
204 $468,195.20 $1,236.42 $0.00 $2,647.24 $472,078.86
205 $472,078.86 $1,236.42 $0.00 $2,669.20 $475,984.48
206 $475,984.48 $1,236.42 $0.00 $2,691.29 $479,912.19
207 $479,912.19 $1,236.42 $0.00 $2,713.49 $483,862.10
208 $483,862.10 $1,236.42 $0.00 $2,735.83 $487,834.35
209 $487,834.35 $1,236.42 $0.00 $2,758.29 $491,829.06
210 $491,829.06 $1,236.42 $0.00 $2,780.87 $495,846.35
211 $495,846.35 $1,236.42 $0.00 $2,803.59 $499,886.36
212 $499,886.36 $1,236.42 $0.00 $2,826.43 $503,949.21
213 $503,949.21 $1,236.42 $0.00 $2,849.40 $508,035.03
214 $508,035.03 $1,236.42 $0.00 $2,872.50 $512,143.95
215 $512,143.95 $1,236.42 $0.00 $2,895.74 $516,276.11
216 $516,276.11 $1,236.42 $0.00 $2,919.10 $520,431.63
217 $520,431.63 $1,236.42 $140,943.18 $2,942.60 $383,667.47
218 $383,667.47 $1,236.42 $0.00 $2,169.31 $387,073.20
219 $387,073.20 $1,236.42 $0.00 $2,188.57 $390,498.19
220 $390,498.19 $1,236.42 $0.00 $2,207.93 $393,942.54
221 $393,942.54 $1,236.42 $0.00 $2,227.41 $397,406.37
222 $397,406.37 $1,236.42 $0.00 $2,246.99 $400,889.78
223 $400,889.78 $1,236.42 $0.00 $2,266.69 $404,392.89
224 $404,392.89 $1,236.42 $0.00 $2,286.50 $407,915.81
225 $407,915.81 $1,236.42 $0.00 $2,306.42 $411,458.65
226 $411,458.65 $1,236.42 $0.00 $2,326.45 $415,021.52
227 $415,021.52 $1,236.42 $0.00 $2,346.59 $418,604.53
228 $418,604.53 $1,236.42 $0.00 $2,366.85 $422,207.80
229 $422,207.80 $1,236.42 $150,809.20 $2,387.22 $275,022.24
230 $275,022.24 $1,236.42 $0.00 $1,555.02 $277,813.68
231 $277,813.68 $1,236.42 $0.00 $1,570.80 $280,620.90
232 $280,620.90 $1,236.42 $0.00 $1,586.67 $283,443.99
233 $283,443.99 $1,236.42 $0.00 $1,602.63 $286,283.04
234 $286,283.04 $1,236.42 $0.00 $1,618.69 $289,138.15
235 $289,138.15 $1,236.42 $0.00 $1,634.83 $292,009.40
236 $292,009.40 $1,236.42 $0.00 $1,651.06 $294,896.88
237 $294,896.88 $1,236.42 $0.00 $1,667.39 $297,800.69
238 $297,800.69 $1,236.42 $0.00 $1,683.81 $300,720.92
239 $300,720.92 $1,236.42 $0.00 $1,700.32 $303,657.66
240 $303,657.66 $1,236.42 $0.00 $1,716.92 $306,611.00
241 $306,611.00 $1,236.42 $161,365.84 $1,733.62 $148,215.20
242 $148,215.20 $1,236.42 $0.00 $838.03 $150,289.65
243 $150,289.65 $1,236.42 $0.00 $849.76 $152,375.83
244 $152,375.83 $1,236.42 $0.00 $861.56 $154,473.81
245 $154,473.81 $1,236.42 $0.00 $873.42 $156,583.65
246 $156,583.65 $1,236.42 $0.00 $885.35 $158,705.42
247 $158,705.42 $1,236.42 $0.00 $897.34 $160,839.18
248 $160,839.18 $1,236.42 $0.00 $909.41 $162,985.01
249 $162,985.01 $1,236.42 $0.00 $921.54 $165,142.97
250 $165,142.97 $1,236.42 $0.00 $933.74 $167,313.13
251 $167,313.13 $1,236.42 $0.00 $946.01 $169,495.56
252 $169,495.56 $1,236.42 $0.00 $958.35 $171,690.33
253 $171,690.33 $0.00 $172,661.45 $970.76 -$0.36